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. . No. 8. PUBLIC DOCUMENT . . TWENTY-SIXTH MNÜÄL PEPfiBf mw Board of Commissioners SAVINGS BANKS. 1901. P a r t II. R E L A T IN G - T O CO-OPERATIVE BANKS, COLLATERAL LOAN COMPANIES, MORTGAGE LOAN AND INVESTMENT COMPANIES. BO STO N : WRIGHT & POTTER PRINTING CO., STATE PRINTERS, https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 18 P ost O f fic e S q u a r e . 1902. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 3$Z,I Mâgr(o Ko/, M». s Cmnmflnfofaltlj of ||lass;u|jusetts, Of fic e of t h e B oard of Co m m issioners of S a y in g s B a n k s , R oom 124, S tate H o u se , B oston , Feb. 13, 1902. To the Honorable the Senate and House of Representatives in General Court assembled. The Board of Commissioners of Savings Banks has the honor to present herewith Part II. of its twenty-sixth annual report, showing the condition at close of business Oct. 31, 1901, of 128 co-operative banks with assets of . . . $28,674,207 53 3 collateral loan, companies with assets of . . 936,756 06 1 mortgage loan company in liquidation. 1 mortgage loan company in hands of receiver. Co-operative B anks . During the year ending October 31 last, two new institutions of this class have commenced business, viz. : — The. Revere Co-operative Bank, at Revere, on Oct. 14, 1901. The Wrentham Co-operative Bank, at Wrentham, on Feb. 26, 1901. B usiness of the Y ear . The following statement shows the aggregate receipts and disbursements of the banks, classified under the several head ings O into which the transactions are divided : — Sll+ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis S&ïfiii* REPORT OF THE IV [Pub. Doc Detailed Statement of Receipts and Disbursements for the Year endinq Oct. 31, 1901. R e c e ip t s . From dues capital, From interest, From prem ium s, . From lines.............................. From tran sfer fees, From real estate loans rep a id ....................................... From real estate loans eliminated by foreclosure, From real estate loans eliminated by m aturity of s h a r e s ,................................ From share loans repaid, . F rom w ithdraw al profits, . From forfeiture profits, From forfeited shares. From expense, From real estate by foreclosure, . . . . F rom notes and bonds, From retired shares, From m atured shares, . From personal accounts, From advance paym ents, . F rom uncompleted mortgage loans............................ From mortgages, . From sundries, Cash on hand Oct. 31, 1900, . D is b u r se m e n t s . $6,841,853 1,456,311 27,010 50,163 373 62 74 84 11 95 4,424,519 70 423,417 32 268,000 1,073,905 47,830 1,224 24,679 5,202 00 76 76 55 13 30 442,342 45,772 428,269 195,816 22,627 13,926 56 60 43 20 07 22 17,150 61,029 42,224 1,057,181 00 17 30 73 $16,970,832 06 F or real estate loans, . F or share loans, . F or dues capital (withd raw n )............................... F or dues capital (forfeited), F or dues capital (retired), F or dues capital (featured), F or profits capital withdraw n, . . . . F or profits capital forfeited, For profits capital retired, F o r profits capital m atured, For tem porary expenses, . F o r perm anent expenses, . F or forfeited shares, . For interest, . . . . F or real estate by foreclosure, . . . . F or retired shares, F or m atured shares, . F or notes and bonds, . F or personal accounts, F or advance paym ents, F or uncom pleted m ortgage l o a n s , ................................ F or mortgages, F or sundries, Cash on hand Oct. 31, 1901, $6,107,631 10 1,127,429 00 3,151,029 54,590 1,957,913 800,837 00 00 00 00 475,524 8,310 491,074 343,171 143,635 1,455 26,975 29,121 32 35 14 13 94 38 42 71 517,336 422,557 204,196 48,526 30,023 13,154 29 22 20 00 46 43 10,525 118,230 29,423 858,161 08 56 68 65 $16,970,832 06 During the year, as shown by the foregoing statement, the banks have received $6,841,853 in monthly dues, — an excess of $262,588 over the amount received in the year preceding. During the same term there was returned to shareholders $3,151,029 for dues on shares withdrawn, $54,590 for dues on shares forfeited, $1,957,913 for dues on shares withdrawn and $800,837 for dues on shares matured,— a total of $5,964,369 in dues eliminated; an excess of $209,340 over the sums dis bursed for the like purposes in the year previous. In addition to the sums returned to shareholders, as above stated, for dues actually paid in by them, they also received profits amounting to $1,318,079.94, being the earnings of the dues eliminated. The amount of interest and premiums received during the year was $1,483,322.58, as against the sum of $1,483,421.74 in the year preceding. The amount received for fines was $50,163.11, as compared with $50,146.91 in the year preceding. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] v SAVINGS BANK COMMISSIONERS. P rofits distributed . The aggregate amount of profits credited to the shares dur ing the year was $1,345,213.65; this is equivalent to about 5.77 per cent, on the average dues capital, and'of about 4.90 per cent, on the combined dues and profits capital. In the previous fiscal year the rates were respectively 6.10 on the dues capital and 5.13 on the combined dues and profits capital. The following statement shows the rate at which the banks have distributed profits during the year: — 3 4 1 bank distributed profits at the rate of tt tt tt « 3 banks it tt tt tt 1 bank tt tt tt » 1 bank tt tt It “ 7 banks tt tt tt tt 2 banks tt tt (t It 5 banks It tt tt tt 3 banks tt tt tt 46 banks tt tt tt tt 2 banks tt tt it tt 3 banks tt tt tt “ 1 bank tt tt tt tt 18 banks tt “ 3 banks tt tt tt tt 1 bank tt tt tt tt 23 banks tt tt tt tt 2 banks tt tt tt tt 1 bank tt tt tt tt 2 banks tt tt tt 1 bank per c tt tt 4# Ù 45 tt tt tt 4.3 tt 47 5 tt 51 5f 6è 5f tt tt tt tt tt tt 6 6* 61 6i 6A tt tt tt tt The two banks which commenced business during the year have not made any distribution of profits. A comparison of the rates at which profits have been dis tributed in each of the past five years is exhibited in the fol lowing statement: — 1897. No. of banks distributing at If per cent., “ “ “ 2 “ » 11 t< 91 <t “ « tt “ « tt https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis “ .« it * 3 sj 4 “ tt 1* 1 0 0 0 0 1898. 0 0 0 0 0 0 New banks, paying only one dividend. 1899. 1900. 0 0 0 1* 0 1 0 0 1* 0 1 1 1901. 0 0 0 1 0 3 vi REPORT OF THE 1898. 1897. No. of banks distributing at 4 | per cen t, Ct tt ct 41 tt tt tt 4f tt tt u 4h tt ct It 4f • ct tt tt A3 ct tc a ct tt 47 <i It tt tc tt tt tt “ “ 5 51 5* 51 5f m tc tt tt tt tt tt tt tt tt tt tt tt tt tt tt tt tt tt tt (t tt tt tt tt tt tt ct tt tt tt “ “ Dà 5| R18 °20 5 7 ^10 tt 5f H 51 tt tt ct tt tt tt 6 tt tt tt tt tt (t fil °8 ß U . °TÏÏ0 6U 13-6 tt tt tt tt tt tt tt tt 61 « tt ct fi3 it ct tt tc R7 °Î6 6* 6i 6f 7 u tt tt tt tt tt ct tt tt tt tt tt tt “ 1900. 1901. 0 0 0 1 0 0 0 0 1 1 1 2 0 0 1 1 4 3 7 0 1 0 0 2 0 6 0 0 1 0 0 0 9 17 31 1 0 2 1 11 1 0 0 2 0 0 0 1 1 1 6 0 1 0 4 8 3 15 3. 24 1 18 0 0 1 1 0 0 3 2 5 3 46 3 1 0 0 0 0 0 3 6 8 3 3 0 1 2 0 0 0 0 2 0 1 74 67 23 1 0 1 50 4 33 1 1 0 0 0 1 0 0 8 1 12 4 4 1 0 0 0 0 0 6 4 1 0 0 0 0 0 0 1 0 0 2 0 0 1 0 0 1 1 0 “ 1899. 0 0 0 1 0 0 0 2 0 0 tt [P u b . D o c . 10 6 1 2 0 0 Sh ares. T h e to ta l num ber o f shares issu e d durin g th e y ea r 1 4 5 ,1 4 9 , and th e n um ber elim in a ted w as as fo llo w s : — Shares withdrawn, Shares forfeited, . Shares retired, Shares matured, . . , . . • Total, . The net increase in the year being, . , w as 93,699 2,602 22,770 5,730 124,801 20,348 The net increase in number of shares, say 20,348, is:5,045 shares less than the net increase during the preceding fiscal year. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] SAVINGS BANK COMMISSIONERS. vii The total number of shares in force Oct. 31, 1901, was 576,330, the total number of shareholders being 74,771, an average of 7-^ shares to each ; of the whole number of holders, 16,207 are borrowers on real estate and 4,339 are borrowers on shares. S hares retired . The number of shares retired during the year was 22,770, the value thereof, returned to the holders, being $2,448,987.14. The-wisdom of the statute which permits in some cases, and requires in others, the retirement of shares, is more and more evident as its advantages are demonstrated in practice. S hares matured . During the year 73 banks have matured shares, the number of shares matured being 5,730. The time required to reach maturity, as shown by the re turns, was from 137 months, the shortest, to 149, the longest, the average being 141^ months, the average in the last pre ceding year having been 140^ months. The following table gives the names of the banks in which shares have matured during the year, with other information relating thereto. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Amount. S h a r e L oans GANCELEED BY M a t u r it y of Sh a r e s . Num ber. A m o u n t of Real Estate Loans can celled by M atur ity of Shares. Num ber of Borrow ers. j Number of Holders. Total. Unpledged. Pledged for Share Loans. N u m b e r of S h a r e s Ma t u r e d . Pledged for R. E . E oans. Date of M aturity. M aturing V a l u e p er Share. Date of Issue. Am ount paid in per Share. NAME OF BANK. Number of Series. Statement of Shares matured since Last Report, Total V alue of Shares M atured. 1 - 18 19 4 1 $200 00 - - $3,836 67 143 200 00 7 - 28 35 7 1 1,300 00 - - 7,000 00 1901, 144 200 17 - - 5 5 1 - - - 1 Nov., 1889, Aug., 1901, 142 201 27 48 10 32 90 24 10 Beverly Co-operative Bank, . 2 Mar., 1889, Nov., 1900, 141 200 04 - 4 20 24 11 1 Beverly Co-operative Bank, . 3 Sept., 1889, June, 1901, 142 200 60 3 - 11 14 6 1 B raintree Co-operative Bank, 1 Oct., 1889, May, 1901, 140 201 98 14 2 21 37 13 3 2,800 00 5 Jan., 1889, Am esbury Co-operative Bank, 7 A m esbury Co-operative Bank, 8 Nov., 1889, Oct., A rlington Co-operative Bank, May, 1889, - 1,000 S5 3 $1,850 00 18,114 30 - 1 530 00 4,800 96 600 00 - - 2,808 40 - - 7,473 26 9,600 00 B raintree Co-operative Bank, 2 Dec., 1889, July, 1901, 140 200 00 6 14 4 24 5 4 1,400 00 3 Cambridge Co-operative Bank, 39 July, 1889, April, 1901, 142 204 87 6 - - 6 1 1 1,200 00 - - 1,229 22 Campello Co-operative Bank, 17 Oct., 1889, June, 1901, 141 200 82 10 - - 10 2 2 2,000 00 - - 2,008 20 City Co-operative Bank, . 1 July, 1S89, Mar., 1901, 141 200 32 - 16 10 26 8 5 - 12 City Co-operative Bank, . 2 Jan., 1890, Sept., 1901, 141 200 31 - - 26 26 6 - - - - 700 00 4 650 00 5,804 35 - - 3,504 89 4 April, 1889, Feb., 1901, 143 200 15 4 4 21 29 17 5 5 Oct., Oct., 144 206 17 - - 17 17 7 - 1889, 1901, 1,375 00 4,800 00 5,208 32 5,208 06 Dedham Co-operative Bank, . 9 Nov., 1889, Ju ly , 1901, 141 200 94 6 - - 6 - - 1,200 00 - - 1,205 64 E nterprise Co-operative Bank, 4 Oct., June, 1901, 141 200 25 20 - - 20 1 1 4,000 00 - - 4,005 00 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1889, [Pub. Doc. Clinton Co-operative Bank, . Clinton Co-operative Bank, . 1,500 00 REPORT OF THE Mar., 1901, $146 $201 93 Mar., 1901, A llston Co-operative Bank, . 23 April, 1889, April, 1901, 145 200 53 - 10 71 81 14 1 - 1 75 00 16,242 93 580 00 17,553 99 18,727 41 . 6 Sept., 1889, Mar., 1901, 138 201 77 2 4 81 87 11 2 400 00 E quity Co-operative Bank, . 7 Mar., 1890, Sept., 1901, 138 201 37 6 19 68 93 12 2 1,200 00 3 3,150 00 50 00 5,222 10 19,213 04 F all R iver Co-operative Bank, 2 Mar., 1889, Dec., 1900, 142 200 85 4 10 12 26 5 2 S00 00 1 - 1 360 00 - 5 1,275 00 F id elity Co-operative Bank, . 3 Mar., 1889, Dec., 1900, 142 200 14 - 6 90 96 31 2 Fidelity Co-operative Bank, . 4 Sept., 1889, July, 1901, 143 200 25 - 25 79 104 26 5 20,826 00 F itchburg Co-operative Bank, 24 May, 18S9, April, 1901, 144 200 60 55 - 87 142 48 8 10,750 00 - - 28,485 20 F itchburg Co-operative Bank, 25 Nov., 1889, Oct., 1901, 144 204 67 37 - - 37 7 7 7,250 00 - - 7,572 79 18 - - 18 3 3 3,600 00 - - 3,611 52 1 - - 1 1 1 150 00 - - 200 15 1 1,600 00 1,622 32 G ard n er Co-operative Bank, . G ardner Co-operative Bank, . i 2 Mar., 1889, Sept., 1889, Germ ania Co-operative Bank, 8 April, 1889, G erm ania Co-operative Bank, 9 Oct., 1889, Nov., 1900, May, 1901, 141 141 200 64 200 15 April, 1901, 144 202 79 8 - - 8 1 - - Oct., 144 200 80 8 - - 8 1 1 1,500 00 - - 62 105 30 13 4,100 00 8 2,600 00 21,077 70 4,000 00 4 1,500 00 18,870 50 1901, Gloucester Co-operative Bank, 5 April, 1889, Dec., 1900, 141 200 74 21 22 Gloucester Co-operative Bank, 6 Oct., June, 1901, 141 200 75 21 22 51 94 20 7 200 48 - 2 11 13 3 1 - 200 22 - 5 5 10 1 1 - 9 4 5 18 7 3 G rafton Co-operative Bank, . G rafton Co-operative Bank, . 1889, 4 May, 1889, 5 Nov., 1889, Oct., 1900, May, 1901, 138 138 1,800 00 - 1,606 40 2,606 24 1 500 00 2,002 20 2 400 00 3,612 42 G uardian Co-operative Bank, 6 Dec , 1S88, Nov., 1900, 144 200 69 G uardian Co-operative Bank, 7 June, 1889, Ju n e, 1901, 144 204 73 - 12 12 9 - - - 2,456 76 4 86 117 38 9 5,500 00 3 500 00 23,408 19 4,200 00 5 1,650 00 21,440 66 7 2,050 00 13,844 16 - H averhill Co-operative Bank, 20 Nov., 1888, Nov., 1900, 145 200 07 27 H averhill Co-operative Bank, 21 May, 1889, July, 1901, 147 200 38 21 9 77 107 47 9 1900, '146 200 64 - 23 46 69 16 4 5 - - 5 1 1 1,000 00 - - 1,002 70 27 - 27 5 5 5,400 00 - - 5,417 28 H enry Wilson Co-operative Bank, H en ry W ilson Co-operative Bank, H ingham Co-operative Bank, https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 5 6 Nov., 1888, May, 1889, 1 June, 1889, Dec., July, 1901, 147 200 54 1901, 140 200 64 Jan., - - SAYINGS BANK COMMISSIONERS. E quity Co-operative Bank, 1 No. 8.] E quitable Co-operative Bank, X - - 4 1 - - 5 5 2 - 17 17 3 3 2,500 00 1 - Amount. 4 S h a r e L o ans CANCELLED BY Ma t u r it y of Sh a r e s . Number. 200 05 A m o u n t of Real E state Loans can celled by M atur ity of Shares. 139 Num ber of Borrowers. Dec., 1899, Number of Holders. May, 1901, $139 $200 02 June, 1889, Total. Nov., 1889, Unpledged. 2 3 Pledged for Share Loans. Hingham Co-operative Bank, Holbrook Co-operative Bank, NAME OF BANK. Date of M aturity. Pledged for R. È. Loans. M aturing V a l u e p er Share. Date of Issue. N u m b e r o f Sh a r e s Ma t u r e h . Total Value of Shares M atured. - - $800 08 - - - 1,000 25 - - - 3,416 83 - - 3,006 00 - - 803 80 - 6,224 49 $800 00 4 Dec., 1889, Ju ly , 1900, 140 200 99 - Holyoke Co-operative Bank, . 18 May, 1889, Feb., 1901, 142 200 40 15 - - 15 Holyoke Co-operative Bank, . 19 Nov., 1889, Sept., 1901, 143 200 95 4 - - 4 1 1 800 00 Home Co-operative Bank, 15 June, 1889, Dec., 1900, 138 200 79 31 - - 31 5 5 6,000 00 - Home Co-operative Bank, 16 Dec., 1889, June, 1901, 138 200 64 6 11 77 94 29 5 1,200 00 5 $1,300 00 18,860 16 25 Sept., 18S9, April, 1901, 140 200 04 24 1 34 59 25 4 4,700 00 1 100 00 11,802 36 Holbrook Co-operative Bank, Hom estead Co-operative Bank, . - - 8 May, 1889, May, 1901, 144 203 76 - 8 81 89 10 1 - 1 1,200 00 18,134 64 Hyde P a rk Co-operative Bank, 6 M ar., 1889, Nov., 1900, 140 201 44 - 2 44 46 14 1 - 2 150 00 9,266 24 7 Sept., 1889, June, 1901, 142 200 41 - 6 39 45 10 2 - 3 610 00 9,018 45 3 A pril, 1889, Oct., 139 200 99 20 5 93 118 20 4 4,000 00 1 50 00 23,716 82 4 Oct., 1,200 00 H yde P ark Co-operative Bank, . Lawrence Co-operative Bank, 1900, 1S89, April, 1901, 139 200 02 6 - 27 33 11 3 Leom inster Co-operative Bank, . 3 May, 1889, April, 1901, 144 205 80 - 5 31 36 15 1 Leom inster Co-operative Bank, . 4 Nov., 1889, Oct., 1901, 144 204 90 3 - 38 41 9 9 May, 1889, Nov., 1900, 139 200 62 4 - 65 69 14 Lawrence Co-operative Bank, Lowell Co-operative Bank, https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . - - 6,600 66 - 1 200 00 7,408 80 1 - - - 8,400 90 1 650 00 - - 13,842 78 [Pub. Doc. Hudson Co-operative Bank, . REPORT OF THE Num ber of Series. Am ount p aid 'in p er Share. Statement of Shares matured since Last Report — Continued. 10 . 5 Malden Co-operative Bank, . M alden Co-operative Bank, . M arblehead Co-operative Bank, . . . M edford Co-operative B a n k ,. Medford Co-operative B a n k ,. M erchants’ Co-operative Bank, June, 1901, Dec., 1900, July, 1901, 140 140 141 200 23 7 200 60 28 200 28 5 15 35 10 51 7048 73 133 63 11 3 1,400 00 2 175 00 14,616 79 27 9 5,700 00 5 3,950 00 26,679 80 13 2 1,000 00 1 300 00 12,617 64 4,468 00 21,768 16 13 May, 1889, May, 1901, 144 205 36 17 24 65 106 19 10 1,500 00 32 7 May, 1889, Mar., 1901, 143 200 28 1 - - 1 1 1 200 00 - 1 1,000 00 8 Nov., 1889, 16 Ju ly , 1889, 1901, 144 200 42 Feb., 1901, 140 200 45 Oct., ' 5 - - 5 - - - 89 89 24 - - - - 17,840 05 37 2 200 00 1 300 00 20,437 74 - 12,743 01 17 Jan., 1890, Sept., 1901, 141 200 37 2 3 97 7 May, 1889, Oct., 1900, 138 202 27 14 - 49 63 8 1 2,800 00 - 26 10 55 9 2 5 3,800 00 3 2 4,000 00 - 1,200 00 8 Nov., 1889, April, 1901, 138 201 46 19 June, 1889, Dec., 1900, 138 200 72 20 - - 20 June, 1901, 139 200 20 6 - 61 67 19 1 - - 24 24 18 - 24 11 - 17 Dee., 1889, M iddleborough Co-operative Bank, 1 May, 1S89, Dec., 1900, 140 200 30 Middleborongh Co-operative Bank, 2 Nov., 1889, June, 1901, 140 200 30 - - 24 M ilford Co-operative Bank, . 5 Aprii, 1889, Dec., 1900, 141 200 98 13 - - 13 3 3 M ilford Co-operative Bank, . 6 Oct., 1889, June, 1901, 141 200 98 3 - 3 1 - 19 3 M erchants’ Co-operative Bank, 200 28 1,002 10 - 102 16 - 1 - 2,700 00 11,080 30 - 4,014 40 - - 13,413 40 - - 4,807 20 2,600 00 - - 4,807 20 - - 2,612 74 1 600 00 - - 602 94 3 3,700 00 - " 3,809 12 - New Bedford Co-operative Bank, 17 May, 1889, Feb., 1901, 142 200 48 19 - New Bedford Co-operative Bank, 18 Nov., 1889, Sept., 1901, 143 200 51 1 - - 1 1 1 200 00 - - North Ahington Co-operative Bank, 3 A prii, 1889, Dec., 1900, 141 202 98 9 1 23 33 10 3 1,800 00 1 50 00 6,698 34 1,600 00 - - 6,292 38 2 750 00 8,840 92 - - 1,639 28 - 1,021 25 North Ahington Co-operative Bank, 4 Oct., 1889, June, 1901, 141 202 98 8 - 23 31 5 1 N ortham pton Co-operative Bank, 2 Dee., 1889, Sept., 1901, 142 200 93 - 8 36 44 10 2 N orth E aston Co-operative Bank, 2 Oct., 18S9, Mar., 1901, 138 204 91 5 - 3 8 3 1 1,000 00 N orth E aston Co-operative Bank, 3 Aprii, 1890, Sept., 1901, 138 204 25 5 - - 5 1 1 1,000 00 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis - " 200 51 SAYINGS BANK COMMISSIONERS. M arblehead Co-operative Bank, . M echanics’ Co-operative Bank, May, 1889, 6 Nov., 1889, Mansfield Co-operative Bank, Mechanics’ Co-operative Bank, Nov., 1889, No. 8.] Lowell Co-operative Bank, xii Amount. S h a r e L o ans cancelled by M a t u r it y of Sh a r e s . Number. A m o u n t of Real E state L oans can celled by M atur ity of Shares. Num ber of Borrowers. N um ber of Holders. Total. Unpledged. Pledged for Share Loans. Date of M aturity. N u m b e r of S h a r e s Ma t u r e d . Pledged for R. E. Loans. of Issue. M aturing V a l u e p er Share. NAME OF BANK. D a te Am ount paid in per Share. Num ber of Series. Statement of Shares matured since Last Report — Continued. Total Value of Shares M atured. 2 July, 1889, June, 1901, $139 $200 79 4 - - 4 1 1 $800 00 - - $803 16 3 Jan., 1890, O c t , 1901, 200 88 9 - - 9 2 2 1,800 00 - - 1,807 92 Jan., 141 Pioneer Co-operative Bank, . 22 April, 1889, 1901, 142 200 34 69 5 18 92 23 10 13,700 00 Pioneer Co-operative Bank, . 23 Oct., 1889, Sept., 1901, 144 200 77 29 - 11 40 10 2 5,750 00 - - 8,030 80 Plym outh Co-operative Bank, 15 June, 1889, Dec., 1900, 139 200 73 6 - - 6 1 1 1,100 00 - - 1,204 38 P lym outh Co-operative Bank, 16 Dec., 1889, June, 1901, 139 200 86 9 16 9 34 12 8 1,650 00 6 2,450 00 6,829 24 9 Sept., 1889, Feb., 1901, 137 200 98 38 25 44 107 18 9 7,550 00 3 1,300 00 21,504 86 5 900 00 31,611 06 P rovident Co-operative Bank, 4 $550 00 18,431 28 P rovident Co-operative Bank, 10 Mar., 1890, Aug., 1901, 137 200 07 69 17 72 158 25 13 13,700 00 Quincy Co-operative Bank, . 1 May, 1889, Nov., 1900, 138 202 24 11 - 39 50 22 2 2,100 00 - - 10,112 00 Quincy Co-operative Bank, O Nov., 1889, May, 1901, 138 201 50 10 2 61 73 17 1 2,000 00 1 200 00 14,709 50 2,400 00 . 1 Feb., 1889, Dec., 1900, 143 200 55 13 - - 13 4 4 2 Aug., 1889, Ju n e, 1901, 143 200 16 5 - - 5 1 1 Reliance Co-operative B a n k ,. 1 Ju ly , 1889, May, 1901, 143 200 27 13 10 48 71 28 4 2,607 15 - - - - 1,000 80 2,500 00 2 350 00 14,219 17 - Salem Co-operative Bank, 3 April, 1889, Nov., 1900, 140 200 38 16 - 37 53 18 3 700 00 - - 10,620 14 Salem Co-operative Bank, 4 Oct., 1889, Ju n e, 1901, 141 200 46 - 1 47 48 15 1 - 1 150 00 9,622 08 Sandwich Co-operative Bank, 7 Dec., 1888, May, 1901, 149 205 54 - 2 - 2 2 2 - 2 150 00 411 08 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . [Pub. Doc. Randolph Co-operative Bank, Randolph Co-operative Bank, REPORT OF THE Orange Co-operative Bank, . Orange Co-operative Bank, . 13 Dec., 1889, Sept., 1901, 142 200 86 27 5 - 32 7 5,250 00 1 1,000 00 6,427 52 4 1,500 00 20,235 60 1 200 00 10,582 52 - - 7,596 84 1 150 00 1,807 56 100 00 2,808 68 3,430 77 Somerville Co-operative Bank, 19 April, 1889, A pril, 1901, 144 204 40 30 13 56 99 17 7 6,000 00 Somerville Co operative Bank, 20 Oct., Oct., 1901, 144 203 51 13 1 38 52 15 2 2,600 00 May, 1901, 144 205 32 - - 37 37 14 - So. Fram ingham Co-operative B ’k, So. W eym outh Co-operative Bank, 1 2 1889, May, 1889, Sept., 1889, Feb., 1901, 138 200 84 8 1 - 1,500 00 9 3 3 - 1 - 1 50 00 - So. W eym outh Co-operative Bank, 3 Mar., 1890, Aug., 1901, 138 200 62 - 2 12 14 4 1 Stoneham Co-operative Bank, 5 Feb., 1889, Nov., 1900, 141 201 81 - 3 14 17 7 1 Stoneham Co-operative Bank, 6 May, 1889, M ar., 1901, 143 200 72 - 12 12 3 - 2,408 64 - 28 34 1 - 10 1,100 00 - - 6,846 92 - - 16 2 2 3,200 00 - - 3,216 16 - 17 17 4 - - - 3,407 65 - - 20 20 4 - - - - 66 91 23 5 2,000 00 Stoughton Co-operative Bank, 5 Sept., 1889, Mar., 1901, 138 201 38 6 Stoughton Co-operative Bank, 6 Mar., 1890, Sept., 1901, 138 201 01 16 Suffolk Co-operative Bank, . Suffolk Co-operative Bank, . 8 May, 1889, 9 Nov., 1889, Oct., 1900, May, 1901, 138 139 200 45 200 28 - - 3 T aunton Co-operative Bank, . 10 May, 1889, May, 1901, 144 207 20 10 15 Volunteer Co-operative Bank, 4 July, 1S89, Mar., 1901, 141 200 47 36 36 4 4 7,100 00 - - Oct., 13 7 - 200 47 30 50 17 5 2,600 00 2 1,700 00 4,005 60 18,855 20 - 7,216 92 750 00 10,023 50 V olunteer Co-operative Bank, 5 Jan., 1890, 1901, 142 W akefield Co-operative Bank, 6 May, 1889, Nov., 1900, 138 200 56 - 6 12 18 10 1 1,200 00 - - 3,610 08 141 203 19 26 8 81 115 19 6 5,050 00 2 800 00 23,366 85 5 1,000 00 1 200 00 14,075 60 2 1,550 00 16,600 00 W altham Co-operative Bank, 18 April 1889, Jan., 1901, W altham Co-operative Bank, 19 Oct., 1889, Ju ly , 1901, 141 201 08 Oct., 1901, 141 200 00 1 Aug., 1889, April, 1901, 141 200 46 11 Ju ly , 1889, M ar., 1901, 141 200 65 12 Jan., 1890, Oct., 1901, 142 200 81 Dec., 1888, Dec., 1900, 144 201 35 W altham Co-operative Bank, W ebster Co-operative Bank, . W eir Co-operative Bank, W eir Co-operative Bank, W estfield Co-operative Bank, https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 20 I 14 Jan., 1890, 15 - 5 60 70 16 3 20 63 83 16 2 - 14 29 8 1 - 26 26 10 - - - - 16 16 4 - - - 34 46 80 4 “ 7 16 3,000 00 - - 5,813 34 - 3,212 96 5,216 90 1,885 00 16,108 00 SAVINGS BANK COMMISSIONERS. 7 No. 8.J Security Co-operative Bank, . W ollaston Co-operative Bank, W ollaston Co-operative Bank, 201 05 15 Sept., 1889, M ar., 1901, 139 200 25 - 3 Mar., 1890, Sept., 1901, 139 200 12 18 2 Oct., A pril, 1901, 138 201 84 10 Oct., 4 1889, 3 Aprii, 1890, 14 5 1 $1,000 00 - - - 7 2 2 1,400 00 - - 1,415 68 - - 15 4 4 3,000 00 - 3,015 75 21 20 41 7 1 - 25 43 13 3 3,600 00 3 28 41 10 2 1,950 00 6 27 33 10 2 - 3 950 00 6,640 26 19 72 95 32 4 800 00 8 3,335 00 19,000 00 - - - $2,800 00 14 $2,700 00 1 - 8,605 16 600 00 8,275 44 8,210 25 201 22 139 200 00 Oct., 1901, 139 200 00 35 9 66 110 39 8 6,700 00 4 960 00 22,000 00 Jan., 1901, 140 200 49 39 14 65 118 31 9 7,800 00 4 900 00 23,657 82 141 201 86 11 64 121 42 13 9,000 00 5 800 00 24,425 06 377 $268,000 00 215 20 Aprii, 1890, W orkingm en’s Co-operative Bank, 19 Ju n e , 1889, W orkingm en’s Co-operative Bank, 20 Sept., 1901, 46 1,384 656 3,690 5,730 1,483 $63,078 00 $1,153,123 44 [Pub. Doc 138 W orcester Co-operative Bank, Dee., 1889, 9 1901, Oct., https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1889, Total V alue of Shares M atured. April, 1901, 19 W orcester Co-operative Bank, Amount. W hitm an Co-operative Bank, 144 S h a r e L o ans CANCELLED BY Ma t u r it y o f Sh a r e s . Number. 2 May, 1901, A m o u n t of Real E state Loans can celled by M atur ity of Shares. W hitm an Co-operative Bank, 7 Num ber of Borrowers. May, 1889, - 202 24 Num ber of Holders. 17 5 144. Total. W est R oxbury Co-operative Bank, Ju n e, 1901, $144 $200 00 Date of M aturity. Unpledged. Nov., 1900, Pledged for Share Loans. Ju n e, 1889, Pledged for R. E. Loans. 15 16 Nov., 1888, M aturing V a l u e p er Share. W estfield Co-operative Bank, W est R oxbury Co-operative Bank, NAME OF BANK. Am ount paid in per Share. Date of Issue. N ttmbek o f S h a k es Ma t u r e d . REPORT OF THE Num ber of Series. | Statement of Shares matured since Last Lepori— Concluded. No. 8.] xv SAYINGS BANK COMMISSIONERS. L iabilities and A ssets . The following consolidated balance sheet gives the several items of liabilities and assets of all the banks, also a comparison of the several items with those in the similar statement of the year ending Oct. 31, 1900: — L ia b ilitie s. Cl a s s if ic a t io n . Amount Oct. 31,1901. Dues c a p i t a l , ................................................ Profits capital (all series).............................. In terest.............................................................. P re m iu m s,........................................................ P i n e s ,................................................................ T ran sfer f e e s , ................................................ W ithdraw al p ro fits,........................................ F o rfeitu re profits.....................................*. G uaranty f u n d , ........................................ S u r p l u s , ........................................................ F orfeited share account, . . . . Advance p a y m e n ts,........................................ M atured share a c c o u n t,................................ R etired share a c c o u n t , ................................ Due on loans..................................................... Personal a c c o u n ts ,........................................ Sundry liabilities............................................. $23,741,905 12 4,160,596 23 143,206 87 2,937 48 5,088 75 49 75 7,526 32 86 84 219,297 88 293,491 43 10,916 46 3,688 35 40,002 08 28,910 47 9,350 00 3,397 26 3,756 24 . Increase. Decrease. $881,949 62 27,465 27 3,240 70 - 3 75 - 17,356 07 23,258 27 - | $28,674,207 53 5,712 21 6,624 92 2,292 05 __ - $1,058 67 102 73 - 531 20 587 34 - 2,212 27 2,591 54 8,360 00 - - - * A sse ts. Cl a s s if ic a t io n . Amount Oct. 31, 1901. Loans on real estate........................................ L oans on s h a r e s , ........................................ P erm an en t expense account, T em porary expense account, Real estate by foreclosure, . . . . U npaid dues...................................................... Unpaid i n t e r e s t , ........................................ Unpaid p r e m iu m s ,........................................ U npaid fines...................................................... Bonds and notes of cities and towns, . M ortgages.......................................................... P ersonal a c c o u n ts ,........................................ Sundry liabilities............................................. Cash, ...................................................................... $24,954,785 54 1,208,597 50 10,309 48 15,610 47 1,041,708 29 29,145 00 123,756 04 3,088 13 10,575 51 86,526 00 313,125 26 11,592 95 7,225 71 858,161 65 $28,674,207 53 Decrease. Increase. $908,630 48 53,523 24 - 1,628 48,558 2,159 979 54 23 00 96 - | 426 3,858 131,741 1,493 00 37 72 05 _ - $795 22 - 729 18 - 199,015 08 - - Reference to the statement discloses the fact that during the year there has been an increase in dues capital of $881,949.62, as compared with an increase of $825,130.64 in the year pre vious. Profits capital has, however, only increased in the sum of $27,465.27, as compared with an increase of $75,817.88 in the preceding year. This comparatively small increase is principally accounted for by the fact that a much larger num- https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis xvi REPORT OF THE [Pub. Doc. ber of shares have reached maturity during the past fiscal year than in the year preceding. The total sum at credit of guaranty fund and surplus, say $512,789.31, is $40,614.34 in excess of the sums so carried on Oct. 31, 1900. These funds are somewhat larger in proportion to the liability for capital than was the case last year. The cash on hand, say $858,161.65, is $199,015.08 less than the amount reported a year ago; the amount due for shares matured and retired and on loans not completed is $78,262.55, leaving a balance of $779,899.10, of which amount $193,289.13 is reported as sold, thus leaving the sum of $586,609.97 avail able for other purposes, as compared with the amount of $749,378.78, as shown the year previous. I nvestments in B onds and N otes . There were, at the close of the fiscal year, five banks holding securities of this nature; this is the same in number as last year, but the amount held is $3,858.37 more than was held the year previous. Two banks which held such securities in October, 1900, have disposed of such holdings, and two others have made purchases. Four out of five of the banks holding this class of securities hold only town or city notes, and apparently have made the investment simply as a temporary m atter; the other bank has held bonds for several years, but has reduced its holding during the past year. R eal E state held under F oreclosure. It had been hoped, as expressed in that part of our report relating to savings banks, that the turning point had been reached in the holdings of real estate under foreclosure, but in both classes of institutions the hope has failed of realization ; the increase during the year ending October 31 last, in the co operative banks, is $48,558, as against an increase of $102,545 in the preceding fiscal year. The estates held are 485 in num ber, standing on the books of the banks at $1,041,708.29. The above amount of $1,041,708.29 is distributed among 89 banks, the smallest amount held by any one being $120.01, the largest $89,071.20. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] SAYINGS BANK COMMISSIONERS. xvii There are 39 banks which do not hold any real estate under foreclosure. During the year there have been acquired 213 estates amount ing to $441,309.76; and 184 estates, representing an invest ment of $381,839.30, have been disposed of. The expenses on the estates held amount to $62,928.44, the income from rents, etc., amounting to $38,808.46. Losses incurred by sales, or charged off to cover depreciation (less gains on estates sold), amount to $37,181.81. The Board has gone fully into this matter in its recent re ports, owing to the fact of the large amount of property thus held by the banks, and it is hoped that the discussion of the subject may lead to greater caution on the part of all the banks in making loans hereafter. I nterest on L oans. The following statement shows the rate of interest the banks were receiving on loans outstanding Oct. 31, 1901; also the rates prevailing on Oct. 31, 1900: — 1900. Loaned at 5 per cent. , . . . . Loaned between 5 and 6 per cent., Loaned at 6 per cent., Loaned between 6 and 6 ^ per cent.,. Loaned at 6 ^ (— 5 cents premium), Loaned between 6T8ff and 7 per cent., Loaned at 7 per cent.,. . . . Loaned between 7 and 8 per cent., Loaned at 8 per cent,,. Loaned at over 8 per cent,,. $8,306,580 2,276,946 5,329,922 815,634 6,527,763 1,737,899 16,387 181,319 500 8,275 1901. 78 $10,676,977 11 3,977,789 28 87 4,910,321 18 45 687,982 85 71 4,408,191 04 04 1,372,004 58 83 9,652 00 00 107,765 00 64 1,350 00 00 11,350 00 00 The statement, when condensed, shows the following com parison as regards rates on and amounts of the loans, viz. : — Under 6 per cent, the amount was, in 1900, .................................... $10,583,527 65; in 1901, $14,654,766 39 At 6 per cent, the amount was, in 5,329,922 45; in 1901, 4,910,321 18 1900, . . . . . . Over 6 per cent, and not over 6T8ff per cent, the amount was, in 7,343,397 75; in 1901, 5,096,173 89 1900, ............................................. Over 6 t3o per cent, the amount 1,944,381 47; in 1901, 1,502,121 58 was, in 1900, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis REPORT OF THE XV111 [Pub. Doc. The average rate of interest on real estate loans pending on Oct. 31, 1901, was 5.599 per cent., as against 5.762 + on Oct 31, 1900. On share loans the average rate was 5.494+ , as compared with 5.631+ per cent, in the year previous. The rate of interest on the mortgages in common form held by the banks is as follows : — 41 p e r cent., tt 5 51 5J 6 O ver 6 $2,600 188,958 1,764 11,875 108,089 338 tt It tt tt 00 12 00 00 74 40 $313,125 26 R ate of In terest. Section 11 of chapter 114 of the Revised Laws, governing co-operative banks, provides that bids for loans may be at a rate of interest not less than 5 per cent, per annum, and re cently there has been some discussion as to the advisability of removing this limitation, so that moneys could be loaned at such rate as the law of supply and demand might govern. While the Board is not prepared at this time to recommend such a change, it feels that the proposition should command the careful thought and consideration of all those who may be interested in the welfare of these institutions. W it h d r a w a l P r o f it s . The amount of profits on shares withdrawn retained by the banks during the year is $47,830.76, as against the amount of $49,110.03 in the year preceding. The opinion of this Board, so frequently expressed, is that some of the banks retain an undue proportion of the profits upon shares withdrawn ; and in some instances the same con clusion has been arrived at by the banks themselves, and such institutions have changed their by-laws in this respect. As a matter of interest at the present time, when the subject frequently comes up for discussion, this Board in its last call for the annual report of the banks included a request for a statement from each bank as to their custom in this matter. From the returns thus made the following compilation is made, viz. : — https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] 14 11 1 1 1 11 1 1 49 1 7 2 2 1 11 1 3 9 1 SAYINGS BANK COMMISSIONERS. xix banks retain no part of the profits on withdrawal. banks retain one-half of the last dividend. bank retains one-fourth of the last dividend. bank retains one-fourth, one-third or one-half of the last dividend, according to the time elapsed since the shares were issued. bank retains 5 per cent, of all the profits. banks retain 10 per cent, of all the profits. bank retains 16f per cent of all the profits. bank retains 20 per cent, of all the profits. banks r'etain 25 per cent, of all the profits. bank retains 33J per cent, of all the profits. banks retain from 5 to 25 per cent, of the profits, according to the time the shares have been in force. banks retain 25 per cent, of the profits upon shares withdrawn within two years of their issue and 10 per cent, on all others. banks retain none of the profits when shares withdrawn have been issued more than four years. bank retains none of the profits when shares withdrawn have been issued more than four and one-half years. banks retain none of the profits when shares withdrawn have been issued more than five years. bank retains none of the profits when shares withdrawn have been issued more than six years banks retain none of the profits when shares withdrawn have been issued more than seven years. banks retain none of the profits when shares withdrawn have been issued more than eight years. (new) bank provides in its by-laws that the proportion of profits to be retained shall be fixed by the directors, and at the date of its report there had been no notice of any withdrawal. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis REPORT OF THE XX [Pub. Doc. COLLATERAL LOAN COMPANIES. The three companies of this class now doing business in this Commonwealth under special charters have all been examined by an expert accountant appointed by this Board, and appear to be doing their business in accordance with the statute. The annual returns of the companies are, in each case, at tested to by the State director of the company; copies of the statements are printed at the end of this report. MORTGAGE LOAN COMPANIES. T he N ational M ortgage and D ebenture Company. As has been stated in our recent reports, this company is being liquidated ; the character of its business was such that necessarily considerable time is required to accomplish this result. The company hopes to be able to do so within the current year. G lobe I nvestment Company. Under a decree of the supreme judicial court, issued in Au gust last, the receiver was authorized to pay a dividend of 10J per cent, on certain allowed claims against this company, which payment is now being made. It is expected that the affairs of the company will soon be in shape to allow the receiver to close his trust. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] SAVINGS BANK COMMISSIONERS. xxi FOREIGN COMPANIES. Of the three companies formerly doing business in this Com monwealth, we have to report as follows : — M innesota S aving F und and I nvestment Company. This company reports withdrawals paid and cancelled between Dec. 20, 1900, and Dec. 10, 1901, to Massachusetts members, $9,183, in addition to which there was about $25,000 of stock held in this Commonwealth exchanged for real estate. Stock held by Massachusetts members to the amount of $21,500 stood entered for withdrawal on Dec. 10, 1901. S ecurity S avings and L oan A ssociation of M inneapolis . Hon. Robert D. Russell, the receiver of this company, died Feb. 13, 1901, and Robert Jamison was appointed his succes sor. Mr. Jamison reports, under date of November 6, last, that: “ The assets of the association have just been disposed of, so that there remains but the formal winding up of the receivership and the payment of a small dividend to the share holders.” A merican B uilding , L oan and I nvestment S ociety Chicago. of The receiver of this company, Henry W. Brant, Esq., re ported, under date of Nov. 12, 1901, that a dividend of 4 per cent, would be paid on or about December 20 last. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis XXII REPORT — SAYINGS BANKS. [P .D .N o .8 . C onclusion. The financial statements, and other statistics of the several institutions referred to in this report, will be found on the fol lowing pages. In the Appendix will be found the statutes relating to co operative banks, being chapter 114 of the Revised Laws. Previous to 1893 the law authorized the printing of 1,500 copies of this part of the annual report, which number was not sufficient to meet the demand, and the Legislature of that year increased the number to 2,000; but this number appears to be in excess of the demand at present, about 300 copies of each year’s report being now on hand. Under the circumstances, it would seem that for the next few years the Commonwealth might be spared some expense for printing by reducing the number to be printed to 1,700. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis STARKES WHITON, WARREN E. LOCKE, JAMES O. OTIS, Board of Commissioners of Savings Banks. ’ ABSTRACT OF ANNUAL REPORTS OF THE CO-OPERATIVE BAN K S, S H O W IN G T H E I R CONDITION AT CLOSE OF BUSINESS https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis O ctober 31, 1901. [Pub. Doc. REPORT OF THE 2 A C U S H N E T C O -O P E R A T IV E B A N K — N E W B E D F O R D . Incorporated Nov. 15, 1889. Commenced business Nov. 16, 1889. R u f u s A. S o u l e , President. C h a r l e s R . P r ic e , Secretary. E d g a r L ord , Treasurer. ( --------- Names of security committee : L ot B. B a t e s , W il l ia m A. K ir b y , B e n ja m in F. B r o w n e l l . Regular meetings the fourth Saturday of each month. B alance Sh e e t O c t . 31, 1901. A ssets. L ia b il it ie s . Loans on real estate, $159,340 00 Loans on shares, . 10,910 00 Permanent expense account, . 85 20 120 01 Real estate by foreclosure, Unpaid interest, 1,273 17 Unpaid dues, . . . . 1,192 00 Unpaid fi nes, . . . . 103 26 Suspense account, . 9 00 Personal accounts,. 2,147 39 Cash in hands of treasurer, . 8,392 14 Dues capital, Profits capital (all series), . Guaranty fund, . Surplus, . . . . Forfeited share account, Due on mortgage loans, Personal accounts, $183,572 17 . $148,721 31,195 1,148 260 56 2,150 39 00 88 65 17 68 00 79 $183,572 17 Detailed Statement of Receipts and Disbursements for the Year ending Oct. 3 1 ,1 9 0 1 . R e c e ip t s . From dues capital,. interest, fines, . . . . transfer fees, real estate loans repaid, real estate loans eliininated by foreclosure, share loans repaid, withdrawal profits, forfeiture profits,. forfeited shares, . real estate by foreclosure, . . . . uncompleted mortgage loan account, . personal accounts, Cash on hand Oct. 31, 1900, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis D is b u r s e m e n t s . $34,509 00 9,154 31 226 85 50 26,770 00 3,347 53 For real estate loans, . share loans, . dues capital withdrawn, dues capital forfeited, . profits capital withdrawn, profits capital forfeited, temporary expenses, forfeited shares, real estate by foreclosure, . . . . uncompleted mortgage loan account, personal accounts, . 2,150 00 835 32 3,008 30 Cash on hand Oct. 31, 1901, 1,700 11,385 251 3 161 00 00 43 28 48 $93,503 00 $51,975 7,600 17,294 158 3,013 11 905 148 00 00 00 00 46 87 06 48 1,865 66 50 00 2,089 33 8,392 14 $93,503 00 No. 8.] SAYINGS BANK COMMISSIONERS 3 Total Amount of Loans at Specified Bates of Interest. L oans on R eal E state. Amount. $100,800 00 54,840 00 1,650 00 L o a n s o n Sh a r e s . Rate. Amount. Rate. Amount. Rate. 5.50 per cent. 6.06 6.12 » $1,675 00 375 00 6.42 per cent. 6.60 $8,005 00 2,905 00 5.50 per cent. 6.06 “ May, Nov., May, Nov., May, Nov., Mav, Nov., May, Nov., May, Nov., May, Nov., May, Nov., May, Nov., May, Nov., May, Nov., May, 1890, 1890, 1891, 1891, 1892, 1892, 1893, 1893, 1894, 1894, 1895, 1895, 1896, 1896, 1897, 1897, 1898, 1898, 1899, 1899, 1900, 1900, 1901, . . . . . . . . . . . . . . . . . . . . . . . 2 $194 61 183 11 3 4 171 94 5 161 12 6 150 58 140 41 7 8 130 53 9 120 90 10 111 57 11 102 53 12 93 73 13 85 19 14 76 92 15 68 87 16 61 06 53 50 17 18 46 15 19 38 99 20 32 05 21 25 30 22 18 73 23 12 33 24 6 09 Dues paid in advance, . Total, 40 55 47 76 46 121 52 37 42 92 106 146 113 222 110 181 61 126 248 222 108 347 308 Total Value. Shares in Force. D ate of I ssu e. Value per Share. Series. Reconciliation of Share Account with Dues and Profits Capital. $7,784 10,071 8,081 12,245 6,926 16,989 6,787 4,473 4,685 9,432 9,935 12,437 8,691 15,289 6,716 9,683 2,815 4,912 7,948 . 5,616 2,022 4,278 1,875 40 05 18 12 68 61 56 30 94 76 38 74 96 14 60 50 15 74 40 60 84 51 72 Dues capital, as per general ledger, . Profits capital, as per general ledger, . $148,721 00 31,195 88 215 00 $179,916 88 Total, $179,916 88 Number of shares issued during the y e a r , ............................................727 Number of shares now in f o r c e , .................................................... 2,906 Number of shares now borrowed u p o n ,............................................1,065 Largest number of shares held by any one member, . . . . 25 Number of shares withdrawn during the y e a r , ...................................434 Number of shares forfeited during the y e a r ,............................................26 Highest rate of premium or interest received on money sold during the year: 5^ per cent. Lowest rate of premium or interest received on money sold during the year: 5^ per cent. Rate of profits distributed: first term, 2^ per cent.; second term, 2£ per cent. Number of members withdrawn during the y e a r ,................................... 62 Present number of m em b ers,.........................................................................413 Present number of borrowers,......................................................................... 147 Present number of non-borrowers...................................................................266 Number of loans secured by first mortgage of real estate, . . . 101 Number of loans on s h a r e s , ...........................................................................46 Largest loan to any one m e m b e r ,......................................................................$5,000 00 Smallest loan to any one m em ber,.....................................................• . 25 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 905 06 Date of examination by commissioner : May 13. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis [Pub. Doc. REPORT OF THE 4 A D A M S C O -O P E R A T IV E B A N K — A D A M S. Incorporated Dec. 17, 1895. Commenced business March 10, 1896. A. B. M o le , President. F r a n k H a n l o n , Secretary and Treasurer. Names of security committee : E. B u r l in g a m e , S. L. A . H a l l , G eorge B . A d a m s . Regular meetings the second Tuesday of each month. B alance S h e e t O c t . 31, 1901. A ssets. Loans on real estate, Loans on shares, . Permanent expense account, Cash in hands of treasurer, . L ia b il it ie s . $83,583 6,341 40 685 00 00 75 03 $81,176 00 9,285 88 187 90 Dues capital, Profits capital (all series), . Guaranty fund, . $90,649 78 $90,649 78 Detailed Statement of Receipts and Disbursements for the Year endinq Oct. 3 1 ,1 9 0 1 . R e c e ip t s . From dues capital,. interest, fines, . . . . real estate loans repaid, share loans repaid, withdrawal profits, Cash on hand Oct. 31, 1900, . D is b u r s e m e n t s . $31,065 4,626 92 21,711 4,870 51 161 00 05 15 00 00 79 42 For real estate loans, . share loans, . dues capital withdrawn, profits capital withdrawn, temporary expenses, permanent expenses, forfeited shares, Cash on hand Oct. 31, 1901,. $62,577 41 $47,519 5,681 7,642 699 296 40 14 685 $62,577 41 Total Amount of Loans at Specified Rates of Interest. L oans on R ea l E sta te. Amount. $83,583 00 Rate. 6 per cent. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 00 00 00 43 20 75 00 03 L oans on Sh a r es. Amount. Rate. Amount. - - $6,341 00 Rate. 6 per cent. No. 8.] SAVINGS BANK COMMISSIONERS 5 . 1 . 2 . 3 . 4 . 5 . 6 . 7 . 8 . 9 . 10 . 11 $80 69 61 53 46 39 32 25 18 12 6 Dues paid in advance, . Total, 02 31 53 91 49 28 26 44 80 36 09 Tolal Value. 1896, 1896, 1897, 1897, 1898, 1898, 1899, 1899, 1900, 1900, 1901, Shares in Force. Mar., Nov., May, Nov., Mav, Nov., May, Nov., May, Nov., May, Value per Share. D ate o r I ssu e. Series. Reconciliation of Share Account with Dues and Profits Capital. 323 114 96 207 76 206 189 375 268 482 265 $25,846 7,901 5,906 11,159 3,533 8,091 6,097 9,540 5,038 5,957 1,613 46 34 88 37 24 68 14 00 40 52 85 Dues capital, as per general ledger, . Profits capital, as per general ledger, . Unpaid dues, . $81,176 00 9,285 88 296 00 72 00 $90,757 88 Total, $90,757 88 Number of shares issued during the y e a r , ............................................810 Number of shares now in f o r c e , .................................................... 2,601 Number of shares now borrowed u p on ,....................................................694 Largest number of shares held by any one member, . . . . 25 Number of shares withdrawn during the y e a r , ................................... 325 Highest rate of premium or interest received on money sold during the year: 6 per cent. Lowest rate of premium or interest received on money sold during the year: 6 per cent. Rate of profits distributed: first term, 2g percent; second term, 2J per cent. Number of members withdrawn during the y e a r ,................................... 37 Present number of m em b ers,......................................................................... 363 Present number of b o r r o w e r s , .................................................................. 95 Present number of non-borrowers,.................................................................268 Number of loans secured by first mortgage of real estate, . . . 67 Number of loans on s h a r e s , ............................................................ .3 0 Largest loan to any one m e m b e r ,......................................................................$5,000 00 Smallest loan to any one m em ber,...................................................................... 10 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 396 20 Date of examination by commissioner : April 25. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis REPORT OF THE 6 [Pub. Doc A L L ST O N C O -O P E R A T IV E B A N K — (W ard 25) B O ST O N . Incorporated April 8,1887. Commenced business April 9, 1887. I. F. W o o dbury , President. W m . F. E. R oelofson , Secretary and Treasurer. Names of security committee : S. W . B row n , Jr., F r e d e r ic k H a m m o n d , J ohn E v a n s . Regular meetings the second Saturday of each month. B alance S h e e t O ct . 31, 1901. L ia b il it ie s . A ssets. $133 850 00 Loans on real estate, 3,620 00 Loans on shares, . 494 64 Permanent expense account, . 651 00 Temporary expense account, 61,774 03 Real estate by foreclosure, 18,935 00 Mortgages, . . . . 1,406 88 Unpaid interest, Unpaid premiums,. 27 99 84 38 Unpaid fines, . . . . Cash in hands of treasurer, . 2,233 50 Dues capital, Profits capital (all series), . Interest, . . . . Premiums, . . . . F i n e s , ................................... Transfer fees, Withdrawal profits, Forfeiture profits, . Guaranty fund, Surplus, . . . . Forfeited share account, $186,544 26,590 2,479 43 111 44 3,337 3,756 168 00 68 44 44 94 25 03 08 90 95 71 $223,077 42 $223,077 42 Detailed Statement of Receipts and Disbursements fo r the Year ending Oct. 3 1 ,1 9 0 1 . D is b u r s e m e n t s . R e c e ip t s . $45,892 00 For real estate loans, From dues capital, . interest, 8,959 99 share loans, premiums, . 196 30 dues capital withdrawn, fines, . . . . 379 43 dues capital forfeited, transfer fees, 1 25 dues capital matured, 56,550 00 profits capital withdrawn, real estate loans repaid, real estate loans elimiprofits capital forfeited, . profits capital matured, . nated by maturity of 200 00 temporary expenses, shares, 8,140 00 real estate by foreclosure, share loans repaid, 139 79 withdrawal profits, mortgages, 08 surplus account, forfeiture profits, . 8 34 Cash on hand Oct. 31, 1901, . forfeited shares, . real estate by foreclos18,983 56 ure, . . . . 213 00 mortgages, . 300 00 temporary expenses, . 128 04 surplus account, . 1,046 98 suspense account, 320 38 Cash on hand Oct. 31,1900, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $141,459 14 $11,550 4,960 85,150 8 2,774 12,551 1,062 2,033 3,255 11,600 4,280 2,233 00 00 00 00 00 19 84 67 35 50 00 09 50 $141,459 14 No. 8.] 7 SAYINGS BANK COMMISSIONERS Total Amount of Loans at Specified Rates of Interest. Loans on Sh akes. L oans on R eal E sta te. A m o u n t. A m o u n t. lta te . A m o u n t. K a te . $89,650 00 5.00 per cent. $44,200 00 6.30 per cent. $2,870 00 750 00 R a te . 5.00 per cent. 6.30 “ July, Jan., July, Jan., July, Jan., July, Jan., July, Jan., July, Jan., July, Jan., July, Jan., July, Jan., July, Jan., July, Jan., July, Jan., July, 1889, 1890, 1890, 1891, 1891, 1892, 1892, 1893, 1893, 1894, 1894, 1895, 1895, 1896, 1896, 1897, 1897, 1898, 1898, 1899, 1899, 1900, 1900, 1901, 1901, . . . . . . . . . . . . . . . . . . . . . . . . . 6 $200 23' 188 90 7 177 91 8 9 167 29 10 156 99 11 146 98 12 137 34 13 127 95 118 88 14 110 11 15 101 55 16 93 30 17 85 34 18 19 77 51 69 95 20 62 60 21 55 49 22 23 48 57 24 41 82 35 22 25 28 76 26 22 42 27 28 16 19 29 10 05 4 00 30 Dues paid in advance, . Total, 49 2 17 76] 83 57 46 77 83 169 63 172 111 158 109 174 131 180 438 300 240 201 139 199 260 Total Value. Shares in Force. D ate of I ssu e. Value per Share. Series. Reconciliation of Share Account with Rues and Profits Capital. $9,811 377 3,024 12,714 13,030 8,377 6,317 9,852 9.867 18,608 6,397 16,047 9,472 12,246 7,624 10,892 7,269 8,742 18,317 10,566 6,902 4,506 2,250 1,999 1,040 27 80 47 04 17 86 64 15 04 59 65 60 74 58 55 40 19 60 16 00 40 42 41 95 00 . 168 00 • $216,424 68 Dues capital, as per general ledger, . Profits capital, as per general ledger, . Unpaid dues, . Total, $186,544 00 26,590 68 3,290 00 $216,424 68 Number of shares issued during the y e a r , ............................................ 505 Number of shares now in f o r c e , .....................................................3,534 Number of shares now borrowed u p o n ,.....................................................818 Largest number of shares held by any one member, . . . . 25 Number of shares withdrawn during the year, . . . . 1,697 Number of shares forfeited during the y e a r ,............................................ 2 Number of shares matured during the y e a r ,............................................ 19 Highest rate of premium or interest received on money sold during the year: 5 per cent. Lowest rate of premium or interest received on money sold during the year: 5 per cent. Rate of profits distributed: first term, 1£ per cent.; second term, 1J per cent. Number of members withdrawn during the y e a r ,................................... 154 Present number of members, .....................................................409 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 8 REPORT OF THE [Pub. Doc. Present number of borrowers,............................................• . . 83 Present number of non-borrowers,............................................................. 326 Number of loans secured by first mortgage of real estate, . . . 74 Number of loans on s h a r e s , ...................................................................... 20 Largest loan to any one m e m b e r ,...................................................................... $5,000 00 Smallest loan to any one m em ber,...................................................................... 50 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 1,733 35 Date of examination by commissioner : April 29. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] SAVINGS BANK COMMISSIONERS. 9 A M E S B U R Y C O -O P E R A T IV E B A N E — A M E S B U R Y . Incorporated April 10, 1886. Commenced business May 1, 1886. P o k ie r S a r g e n t , Secretary and Treasurer. W il l ia m W . H aw k .e s , President. Names of security committee: W il l ia m W . H a w k e s , J ohn C u r r ie r , R ic h a r d E. B r ig g s . Regular meetings the first Monday of each month. B a la n c e S h e e t O ct . 31, 1901. A ssets. Loans on real estate, Loans on shares, . Real estate by foreclosure, . Unpaid interest, Unpaid premiums, Town note................................ Cash in hands of treasurer, . L ia b il it ie s . $74,675 5,355 1,439 802 41 3,726 12,560 00 00 41 30 51 00 31 Dues capital, Profits capital (all series), . Guaranty fund, . Surplus, . . . . $98,599 53 $77,190 18.287 1,631 1,490 00 34 44 75 $98,599 53 Detailed Statement of Receipts and Disbursements for the Year endinq Oct 3 1 ,1 9 0 1 . R e c e ip t s . D is b u r s e m e n t s . From dues capital,. $13,263 00 interest, 5,034 75 232 53 premiums, . fines, . . . . 145 71 real estate loans repaid, 7,775 00 real estate loans eliminated by maturity of 1,300 00 shares, 150 00 share loans repaid, withdrawal profits, 107 22 real estate by foreclos590 25 ure, . . . . Cash on hand Oct. 31, 1900, . 14,275 65 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $42,874 11 For real estate loans, . share loans, . dues capital withdrawn, dues capital matured, . profits capital withdrawn, profits capital matured, . temporary expenses, interest on matured shares, . . . . town note, real estate by foreclosure, Cash on hand Oct. 31, 1901, . $11,200 230 5,201 5,725 1,069 2,275 722 00 00 00 00 79 85 24 135 3,726 28 12,560 70 00 22 31 $42,874 11 10 REPORT OF THE [Pub. Doc. Total Amount of Loans at Specified Rates of Interest. L oans on Real E state. Amount. Rate. $70,925 00 2,950 00 6.30 per cent. 6.60 » L oans on Sha res. Amount. $800 00 Rate. Amount. Rate. 6.90 per cent. $5,355 00 6.30 per cent. 1890, 1890, 1891, 1891, 1892, 1892, 1893, 1893, 1894, 1894, 1895, 189.5, 1896, 1896, 1897, 1897, 1898, 1898, 1899, 1899, 1900, 1900, 1901, . . . . . . . . . . . . . . . . . . . . . . . 9 $193 38 10 181 97 11 170 91 12 160 20 13 149 80 14 139 68 15 129 85 16 120 31 111 06 17 102 08 18 19 93 33 20 84 85 21 76 60 22 68 60 60 83 23 24 53 28 25 45 96 26 38 86 31 96 27 28 25 25 29 18 70 30 12 31 31 6 08 Dues paid in advance, . Total, . Total Value. May, Nov., May, Nov., May, Nov., May, Nov., Mav, Nov., May, Nov., May, Nov., May, Nov., May, Nov., May, Nov., May, Nov., May, Shares in Force. D ate of I ssu e. Value per Share. Series. Reconciliation of Share Account with Dues and Profits Capital. 53 19 30 27 34 58 22 45 123 21 2 91 101 37 136 40 63 46 36 16 43 11 59 $10,249 3,457 5,127 4,325 5,093 8,101 2,856 5,413 13,660 2,143 186 7,721 7,736 2,538 8,272 2,131 2,895 1,787 1,150 404 804 135 358 14 43 30 40 20 44 70 95 38 68 66 35 60 20 88 20 48 56 56 00 10 41 72 Dues capital, as per general ledger, . Profits capital as per general ledger, . Unpaid dues, . $77,190 00 18,287 34 1,105 00 0 31 00 $96,582 34 Total, $96,582 34 Number of shares issued during the y e a r , ............................................70 Number of shares now in force.............................................................1,113 Number of shares now borrowed u p on ,.....................................................511 Largest number of shares held by any one member, . . . . 25 Number of shares withdrawn during the y e a r , ................................... 79 Number of shares matured during the y e a r ,............................................ 40 Highest rate of premium or interest received on money sold during the year: 6 3-10 per cent. Lowest rate of premium or interest received on money sold during the year: 6 3-10 per cent. Rate of profits distributed : first term, 2^ per cent.; second term, 2£ per cent. Number of members withdrawn during the y e a r ,................................... 25 Present number of m em b ers,......................................................................... 205 Present number of borrowers,........................................................................... 80 Present number of non-borrowers,.................................................................125 Number of loans secured by first mortgage of real estate, . . . 70 Number of loans on s h a r e s , ............................................................................10 Largest loan to any one m e m b e r ,...................................................................... $2,900 00 Smallest loan to any one member......................................................................... 50 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 722 24 Date of examination by commissioner : February 15. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] 11 SAVINGS BANK COMMISSIONERS A R L IN G T O N C O -O P E R A T IV E B A N K - A R L IN G T O N . Incorporated Oct. 30,1889. Commenced business Nov. 14, 1889. G eorge D. M oore , President. R. W a l t e r H il l ia r d , Secretary. W a r r e n A. P e ir c e , Treasurer. Names of security committee : O. B. M arsto n , L. C. T y l e r . G eorge D. M oore , Regular meetings the second Tuesday of each month. B a la n c e S h e e t O ct . 31, 1901. L ia b il it ie s . A ssets. $212,800 00 Loans on real estate, 14,825 00 Loans on shares, . Permanent expense account,. 267 79 559 19 Unpaid interest, 56 62 Unpaid fines, . . . . 1,534 54 Cash in hands of treasurer, . Dues capital, Profits capital (all series), . Guaranty fund, Surplus, . . . . Forfeited share account, $187,415 39,857 , 764 1,752 253 00 49 32 63 70 $230,043 14 $230,043 14 Detailed Statement of Receipts and Disbursements fo r the Year ending Oct. 3 1 ,1 9 0 1 . D is b u r s e m e n t s . R e c e ip t s . $46,039 00 From dues capital,. 11,390 91 interest, 28 62 premiums, . 274 07 fines, . . . . transfer fees, 1 75 35,700 00 real estate loans repaid, real estate loans elimi2,250 00 nated by foreclosure, real estate loans eliminated by maturity of 9,600 00 shares, 8,425 00 share loans repaid, 564 05 withdrawal profits, 7 40 forfeiture profits, . 247 90 forfeited shares, . real estate by foreclos4,269 01 ure, . . . . 14 71 profits capital, 2,908 62 Cash on hand Oct. 31, 1900, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $121,721 04 For real estate loans, share loans, . dues capital withdrawn, dues capital forfeited, . dues capital retired, dues capital matured, profits capital withdrawn, profits capital forfeited, . profits capital retired, profits capital matured, . temporary expenses, interest on retired shares, interest on m a t u r e d shares, real estate by foreclosure, surplus account, Cash on hand Oct. 31, 1901, $51,500 14,650 17,059 282 9,966 12,782 2,253 30 2,454 5,040 1,326 100 00 00 00 00 00 00 87 67 69 00 15 10 294 2,369 78 1,534 30 01 71 54 $121,721 04 [Pub. Doc. REPORT OF THE 12 loial Amount of Loans at Specified Bates of Interest. L oans on S hares. L oans on R eal E sta te. Amount. $185,150 1,500 18,800 4,700 00 00 00 00 Rate. Amount. Rate. 6.60 per cent. 6.90 7.20 “ 7.50 “ $14,460 00 365 00 5.00 per cent. 6.00 Amount. Rate. ■ $1,000 00 1,000 00 150 00 5.00 per cent. 5.25 “ 6.00 “ 6.30 “ 500 on May, 1890, . Nov., 1890, . May, 1891, . Nov., 1891, . May, 1892, . Nov., 1892, . May, 1893, . Nov., 1893, . May, 1894, . Nov., 1894, . May, 1895, . Nov., 1895, . May, 1896, . Nov., 1896, . May, 1897, . Nov., 1897, . May, 1898, . Nov., 1898, . May, 1899, . Nov., 1899, . May, 1900, . Nov., 1900, . May, 1901, . Value. Total Shares in Force. Value per Share. D ate of I ssu e. Series. Beconciliation of Share Account with Dues and Profits Capital. 99 $19,123 83 Dues capital, as per general ledger, . 84 15,265 32 11,262 90 Profits capital, as per 66 general ledger, . 91 14,545 44 98 14,639 24 Unpaid dues, . 11,974 64 86 82 10,610 80 110 13,185 70 96 10,618 56 91 9,251 97 70 6,509 30 6,004 47 71 7,332 48 96 121 8,280 03 139 8,442 86 215 11,453 05 294 13,526 94 166 6,459 06 266 8,517 32 314 7,944 20 5,675 19 303 5.190 93 421 2,521 26 414 2 $193 17 181 73 3 4 170 65 159 84 5 149 38 6 139 24 7 129 40 8 9 119 87 10 110 61 11 101 67 12 92 99 13 84 57 14 76 38 68 43 15 60 74 16 53 27 17 18 46 01 19 38 91 32 02 20 21 25 30 22 18 73 12 33 23 24 6 09 Dues paid in advance, . . 153 00 . . . • $228,488 49 Total, Total, Number of shares issued during the y e a r , ............................................ 857 Number of shares now in f o r c e , .....................................................3,793 Number of shares now borrowed u p o n ,............................................ 1,388 Largest number of shares held by any one member, . . . . 25 Number of shares withdrawn during the y e a r , ................................... 417 Number of shares forfeited during the y e a r , ............................................23 Number of shares retired during the y e a r , ............................................104 Number of shares matured during the y e a r ,............................................ 90 Highest rate of premium or interest received on money sold during the year: 5 per cent. Lowest rate of premium or interest received on money sold during the year : 5 per cent. Rate of profits distributed : first term, 24 per cent.; second term, 24 per cent. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $187,415 00 39,857 49 1,216 00 $228,488 49 No. 8.] SAVINGS BANK COMMISSIONERS. 13 Number of members withdrawn during the year.......................................58 Present number of m em b ers,......................................................................... 465 Present number of borrowers,......................................................................... 132 Present number of non-borrowers,................................................................ 333 Number of loans secured by first mortgage of real estate, . . . 110 Number of loans on s h a r e s , ...........................................................................42 Largest loan to any one m e m b e r ,......................................................................$5,000 00 Smallest loan to any one m em ber,...................................................................... 25 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 1,355 09 Date of examination by commissioner: March 22. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis [Pub. Doc. REPORT OF THE 14 A T H O L C O -O P E R A T IV E B A N K - A T H O L . Incorporated July 1, 1889. G eorge D. B a t e s , President. Commenced business July 15, 1889. C. F. R ic h a r d so n , Secretary and Treasurer. Names of security committee: L e v i B. F at , A r t h u r F. T y l e r , C h a r l e s F. A m s d e n . Regular meetings the third Monday of each month. B a l a n c e S h e e t O c t . 31, 1901. L ia b il it ie s . A ssets. Loans on real estate, Loans on shares, . Real estate by foreclosure, . Unpaid interest, Unpaid premiums, Unpaid fines, . . . . Cash in hands of treasurer, . $55,525 3,022 5,194 346 1 47 5,246 00 00 12 04 70 34 37 Dues capital, Profits capital (all series), . Guaranty fund, . Surplus, . . . . Forfeited share account, Undivided profits, $57,378 9,637 407 1,806 1 151 00 73 00 82 58 44 $69,382 57 $69,382 57 Detailed Statement of Receipts and Disbursements fo r the Year ending Oct. 3 1 ,1 9 0 1 . D is b u r s e m e n t s . R e c e ip t s . From dues capital,. $17,926 00 3,920 38 interest, 17 40 premiums, . 266 46 fines, . . . . 12,030 00 real estate loans repaid, real estate loans elimi 3,900 00 nated by foreclosure, 3,869 00 share loans repaid, 169 22 withdrawal profits, 10 83 forfeiture profits, . real estate by foreclos 2,023 57 ure, . . . . 8,480 95 Cash on hand Oct. 31,1900, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $52,613 81 For real estate loans, share loans, dues capital withdrawn, dues capital forfeited, . dues capital retired, profits capital withdrawn, profits capital forfeited, . profits capital retired, temporary expenses, interest on retired shares, real estate by foreclosure, Cash on hand Oct. 31, 1901, . $8,450 2,922 12,482 663 15,129 1,825 88 4,432 304 189 880 5,246 00 00 00 00 00 89 33 06 86 50 80 37 $52,613 81 No. 8.] 15 SAYINGS BANK COMMISSIONERS Total Amount of Loans at Specified Rates of Interest. Loans on Shakes. L oans on K eal E sta te. Amount. Rate. $54,775 00 600 00 5.00 per cent. 6.30 Rate. Amount. Rate. 9.60 per cent. $3,022 00 5.00 per cent. Amount. $150 00 Jan., July, Jan., May, Nov., Mav, Nov., May, Nov., May, Nov., May, Nov., May, Nov., May, Nov., May, Nov., May, 1892, 1892, 1893, 1893, 1893, 1894, 1894, 1895, 1895, 1896, 1896, 1897. 1897, 1898, 1898, 1899, 1899, 1900, 1900, 1901, . 6 $158 50 . 7 148 05 . 8 137 90 . 9 131 28 121 59 . 10 112 20 11 . 12 103 08 . 13 94 24 . 14 85 65 . 15 77 32 . 16 69 23 61 35 . 17 53 73 . 18 . 19 46 33 . 20 39 13 32 15 . 21 . 22 25 37 . 23 18 76 . 24 12 34 . 25 6 09 5 17 9 14 75 31 30 14 78 77 107 47 57 83 84 86 134 50 224 191 T o t a l , ................................... Total Value. Shares in Force. Value per Share. L ate of I ssu e. Series. Reconciliation of Share Account with Dues and Profits Capital. $792 2,516 1,241 1,837 9,119 3,478 3,092 1,319 6,680 5,953 7,407 2,883 3,062 3,845 3,286 2,764 3,399 938 2,764 1,163 50 85 10 92 25 20 40 36 70 64 61 45 61 39 92 90 58 00 16 19 $67,547 73 Dues capital, as per general ledger, . Profits capital, as per general ledger, . Unpaid dues, . $57,378 00 9,637 73 532 00 \ Total, $67,547 73 Number of shares issued during the year.................................................. 415 'Number of shares now in f o r c e , .................................................... 1,413 Number of shares now borrowed u p o n ,.....................................................381 Largest number of shares held by any one member, . . . . 25 Number of shares withdrawn during the y e a r , ................................... 276 Number of shares forfeited during the y e a r ,............................................21 Number of shares retired during the year, . . . . . . 144 Highest rate of premium or interest received on money sold daring the year: 6 per cent. Lowest rate of premium or interest received on money sold during the year : 5 per cent. Rate of profits distributed: first term, 2 | per cent.; second term, 2£ per cent. Number of members withdrawn during the y e a r ,................................... 47 Present number of m em b ers,......................................................................... 216 Present number of borrowers,........................................................................... 74 Present number of non-borrowers.................................................................... 142 Number of loans secured by first mortgage of real estate, . . . 68 Number of loans on s h a r e s , ........................................................................... 21 Largest loan to any one m e m b e r ,...................................................................... f 4,000 00 Smallest loan to any one member.......................................................................... 10 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 304 86 Date of examination by commissioner : January 18. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 16 REPORT OF THE [Pub. Doc. A T L A N T IC C O -O P E R A T IV E B A N K — L A W R E N C E . Incorporated March 26, 1891. Commenced business April 30, 1891. T homas B e v in g to n , P r e s id e n t . F . A . S h e r m a n , Secretary. W . D. Cu r r ie r , Treasurer. Names of security committee: T homas B e v in g t o n , J ohn H a ig h , R obert T. T o d d , R . II. B a r l o w , J o seph T h o m pso n . Regular meetings the last Friday of each month. B a la n c e S h e e t O ct . 31, 1901. A ssets. L ia b il it ie s . Loans on real estate, $141,250 00 Loans on shares, . 7,600 00 Permanent expense account,. 21 25 Temporary expense account,. 425 00 Unpaid interest, 723 50 Unpaid premiums, 4 08 Unpaid fines............................. 93 28 Cash in hands of treasurer, . 3,047 67 Dues capital, Profits capital (all series), . Interest, . . . . Premiums, . . . . Fines, . . . Withdrawal profits, Guaranty fund, . Surplus, . . . . Forfeited share account, $153,164 78 $122,337 27,801 1,446 11 123 70 1,100 264 8 00 39 45 54 67 83 26 88 76 $153,164 78 Detailed Statement of Receipts and Disbursements fo r the Year ending Oct. 3 1 ,1 9 0 1 . R e c e ip t s . From dues capital,. interest, premiums, . fines, . . . . transfer fees, real estate loans repaid, share loans repaid, withdrawal profits, Cash on hand Oct. 31, 1900, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis D is b u r s e m e n t s . $31,262 8,162 80 322 27,000 6,400 193 134 00 12 72 64 50 00 00 86 95 $73,556 79 For real estate loans, . share loans, . dues capital withdrawn, profits capital withdrawn, temporary expenses, permanent expenses, Cash on hand Oct. 31, 1901, . $48,350 5,200 14,101 2,411 425 21 3,047 00 00 00 18 00 94 67 $73,556 79 No. 8.] 17 SAYINGS BANK COMMISSIONERS Total Amount of Loans at Specified Rates of Interest. L oans on Sh a res. L o a n s on R ea l E s t a t e . Amount. Rate. $ 105,050 00 28,750 00 6,250 00 6.00 per cent. 6.30 6.60 “ Rate. Amount. Rate. 6.90 per cent. 7.80 $7,100 00 500 00 6.00 per cent. 6.30 Amount. $600 00 600 00 April, 189!, . July, 1891,. Oct., 1891, . Jan., 1892,. April, 1892,. July, 1892,. Oct., 1892,. Jan., 1893,. April, 1893,. July, 1893,. Oct., 1893,. Jan., 1894, . April, 1894,. July, 1894, . Oct., 1894, . Jan., 1895,. April, 1895,. Julv, 1895,. Oct., 1895, . Jan., 1896,. April, 1896, . July, 1896,. Oct., 1896, . Jan., 1897,. April, 1897, . July, 1897, . Oct., 1897, . Jan., 1898,. April, 1898, . July, 1898,. Oct., 1898,. Jan., 1899,. April, 1899, . July, 1899, . Oct., 1899, . Jan., 1900,. April, 1900,. July, 1900,. Oct., 1900, . Jan., 1901, . April, 1901, . July, 1901, . Oct., 1901, . 1 $176 10 170 60 2 165 14 3 4 159 79 154 46 5 149 27 6 144 07 7 138 98 8 9 133 98 129 02 10 124 16 11 119 36 12 114 59 13 109 93 14 105 34 15 100 81 16 96 35 17 91 96 18 19 87 64 83 38 20 21 79 18 75 04 22 70 98 23 66 96 24 63 00 25 59 10 26 55 26 27 28 51 48 29 47 75 44 08 30 40 46 31 32 36 90 33 39 33 29 93 34 26 52 35 36 23 16 19 85 37 38 16 59 39 13 38 40 10 22 41 7 10 42 4 03 1 00 43 Dues paid in advance, . Total, https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Total Value. Shares in Force. Value per Share. D ate of I ssu e. Series. Reconciliation of Share Account with Dues and Profits Capital. 71 $12,503 10 Dues capital, as per gen* 5 853 00 eral ledger, . 11,064 38 Profits capital, as per 67 10 general ledger, . 1,597 90 16,990 60 Unpaid dues, . 110 4 597 08 40 5,762 80 3,752 46 27 41 5,493 18 42 5,418 84 10 1,241 60 41 4,893 76 7,448 35 65 36 3,957 48 2,949 52 28 26 2,621 06 6,070 05 63 919 60 10 52 4,557 28 55 4,585 90 41 3,246 38 1,200 64 16 2,200 38 31 74 4,955 04 2,835 00 45 354 60 6 552 60 10 1,492 92 29 2,292 00 48 1,102 00 25 1,416 10 35 1,291 50 35 5,843 25 175 3,352 16 112 2,042 04 77 1,551 72 67 4,009 70 202 63 1,045 17 1,404 90 105 2,728 74 267 229 1,625 90 1,035 71 257 105 00 105 $122,337 00 27,801 39 858 00 35 00 $150,996 39 $150,996 39 18 REPORT OF THE [Pub. Doc. Number of shares issued during the y e a r , ............................................953 Number of shares now in f o r c e , .................................................... 2,857 Number of shares now borrowed upon,.................................................... 919 Largest number of shares held by any one member, . . . . 25 Number of shares withdrawn during the y e a r , ................................... 437 Highest rate of premium or interest received on money sold during the year: 6 per cent. Lowest rate of premium or interest received on money sold during the year: 6 per cent. Rate of profits distributed : first term, 1£ per cent.; second term, per cent.; third term, 1A per cent.; fourth term, per cent. Number of members withdrawn during the y ea r,................................... 55 Present number of m em bers,................................... ........ . . . 306 Present number of b o r r o w e r s , ................................................................. 118 Present number of non-borrowers,.................................................................188 Number of loans secured by first mortgage of real estate, . . . 98 Number of loans on s h a r e s , ........................................................................... 20 Largest loan to any one m e m b e r ,...................................................................... $5,000 00 Smallest loan to any one m em ber,...................................................................... 50 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 431 95 Date of examination by commissioner : February 19. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] 19 SAVINGS BANK COMMISSIONERS. A T T L E B O R O U G H C O -O P E R A T IV E B A N K — A T T L E BO R O U G H . Incorporated July 18, 1892. Commenced business Aug. 17, 1892. H a r r y E. Ca r p e n t e r , Secretary and Treasurer. S id n e y 0 . B ig n e y , President. Names of security committee: F r e d L. T o r r e y , M. F . A sh ley, F r a n k H. S a d l e r . Regular meetings the third Wednesday of each month. B a la n c e S h e e t O c t . 31, 1901. A ssets. Loans on real estate, Loans on shares, . Permanent expense account, Temporary expense account, Unpaid interest, Unpaid premiums, Unpaid fi nes, . . . . Cash in hands of treasurer, . L ia b il it ie s . $25,950 1,101 95 7 19 00 00 00 00 50 80 Q V) 6,807 52 Dues capital, Profits capital (all series), . Interest................................... Premiums, . . . . F in e s ,................................... Transfer fees, Withdrawal profits, . Guaranty fund, . Surplus, . . . . Forfeited share account, $29,472 3,681 516 1 3 11 60 230 6 00 77 40 20 00 25 83 84 67 38 $33,984 34 $33,984 34 Detailed Statement of Receipts and Disbursements fo r the Year ending Oct. 3 1 ,1 9 0 1 . D is b u r s e m e n t s . R e c e ip t s . From dues capital,. interest, premiums, . fines, . . . . transfer fees, real estate loans repaid, share loans repaid, withdrawal profits, Cash on hand Oct. 31, 1900, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $11,754 1,516 2 13 6,610 665 81 818 00 58 86 22 25 00 00 44 32 $21,461 67 For real estate loans, . share loans, . dues capital withdrawn, profits capital withdrawn, temporary expenses, Cash on hand Oct. 31, 1901,. $10,350 976 2,936 325 66 6,807 00 00 00 65 50 52 $21,461 67 20 REPORT OF THE [Pub. Doc. Total Amount of Loans at Specified Rates of Interest. L oans on R eal E state. Amount. $25,600 00 Rate. L oans on Sh a k es. Amount. 6 per cent. $350 00 Rate. Amount. 7.20 per cent. $1,101 00 Rate. 6 per cent. Total Value. 1 $141 56 4 113 62 5 104 82 6 96 19 87 83 7 8 79 69 9 71 77 10 64 08 11 56 53 12 49 20 13 42 08 14 35 10 15 28 35 16 21 76 15 34 17 18 10 10 19 4 00 Shares In Force. Aug., 1892, . Feb., 1894, . Aug., 1894, . Feb , 1895, . Aug., 1895, . Feb., 1896, . Aug., 1896, . Feb., 1897, . Aug., 1897, . Feb., 1898, . Aug., 1898, . Feb., 1899, . Aug , 1899, . Feb., 1900, . Aug., 1900, . Jan., 1901, . July, 1901,. Series. D ate op I ssu e. Value per Share. Reconciliation of Share Account with Dues and Profits Capital. 41 10 5 27 38 30 7 14 27 19 46 65 90 102 43 337 124 $5,803 1,136 524 2,597 3,337 2,390 502 897 1,526 934 1,935 2,281 2,551 2,219 659 3,403 496 Dues paid in advance, . Total, • 96 20 10 13 54 70 39 12 31 80 68 50 50 52 62 70 00 Dues capital, as per general ledger, . Profits capital, as per general ledger, . Unpaid dues, . $29,472 00 3,681 77 302 00 258 00 • • $33,455 77 Total, $33,455 77 Number of shares issued during the y e a r , ............................................586 Number of shares now in f o r c e , .....................................................1,025 Number of shares now borrowed u p o n ,.....................................................231 Largest number of shares held by any one member, . . . . 25 Number of shares withdrawn during the y e a r , ................................... 217 Highest rate of premium or interest received on money sold during the year: 6 per cent. Lowest rate of premium or interest received on money sold during the year: 6 per cent. Rate of profits distributed: first term, 2^ per cent.; second term, 3 per cent. Number of members withdrawn during the y e a r ,................................... 35 Present number of m em b ers,..........................................................................141 Present number of b o r r o w e r s , ...................................................................32 Present number of non-borrowers,................................................................. 109 Number of loans secured by first mortgage of real estate, . . . 24 Number of loans on s h a r e s , ............................................................................. 8 Largest loan to any one m e m b e r ,...................................................................... f 3,600 00 Smallest loan to any one m em ber,...................................................................... 40 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 86 50 Date of examination by commissioner: February 8. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] SAYINGS BANK COMMISSIONERS 21 B A L D W IN V IL L E C O -O P E R A T IV E B A N K — B A L D W IN V IL L E . Incorporated July 16,1889. Commenced business July 24, 1889. C. C. S p e a r e , Secretary and Treasurer. H . S. M o r le y , President. Names of security committee: E. N. M u l l in s , L ouis L e l a n d , E. L. T hom pson . Regular meetings the fourth Wednesday of each month. B a la n c e S h e e t O ct . 31, 1901. L ia b il it ie s . A ssets. Loans on real estate, $29,925 00 870 00 Loans on shares, . 20 75 Temporary expense account, 15 44 F i n e s , ................................... 1,419 58 Cash in hands of treasurer, . Dues capital, Profits capital (all series), . Interest, . . . . Premiums, . . . . Transfer fees, Guaranty fund, . Surplus, . . . . $25,449 4,575 386 13 00 87 15 80 25 530 50 1,295 20 $32,250 77 $32,250 77 Detailed Statement of Receipts and Disbursements fo r the Year ending Oct. 3 1 ,1 9 0 1 . D is b u r s e m e n t s . R e c e ip t s . From dues capital,. interest, premiums, . fines, . . . . transfer fees, real estate loans repaid, share loans repaid, withdrawal profits, Cash on hand Oct. 31,1900, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $7,438 1,741 67 81 3,800 120 51 310 00 02 55 23 25 00 00 76 47 $13,610 28 For real estate loans, share loans, dues capital withdrawn, dues capital retired, profits capital withdrawn, profits capital retired, . temporary expenses, interest on retired shares, interest on matured shares, Cash on hand Oct. 31, 1901, . $4,000 215 1,685 4,301 207 1,630 83 59 00 00 00 00 11 25 24 10 10 00 1,419 58 $13,610 28 22 REPORT OF THE [Pub. Doc. Total Amount of Loans at Specified Rates of Interest. L oans on R eal E sta te. L oans on Sh a res. Amount. Rate. Amount. Rate. $20,275 00 4,000 00 6.00 per cent. 6.30 “ $5,650 00 6.60 per cent. Amount. $870 00 Rate. 6.00 per cent. Jan., July, Jan., July, Jan., July, Jan., July, July, Jan., July, Jan., July, Jan., July, Jan., July, Jan., July, Jan., July, 1891, 1891, 1892, 1892, 1893, 1893, 1894, 1894, 1895, 1896, 1896, 1897, 1897, 1898, 1898, 1899, 1899, 1900, 1900, 1901, 1901, . . . . . . . . . . . . • . . . . . . . . 4 $178 43 5 167 43 6 156 84 146 53 7 8 136 47 9 126 73 10 117 26 11 108 19 90 51 13 14 82 08 15 73 89 16 65 94 58 22 17 18 50 72 19 43 44 20 36 37 21 29 51 22 22 85 23 16 38 24 10 10 25 4 00 15 5 33 11 1 5 7 14 2 6 24 29 60 13 28 14 49 159 25 93 60 Dues paid in advance, . Total, • • • Total Value. Value per Share. Series. D ate of I ssu e. Shares In Force. Reconciliation of Share Account with Dues and Profits Capital. $2,676 837 5,175 1,611 136 633 820 1,514 181 492 1,773 1,912 3,493 659 1,216 509 1,445 3,633 409 939 240 45 15 72 83 47 65 82 66 02 48 36 26 20 36 32 18 99 15 50 30 00 Dues capital, as per general ledger, . Profits capital, as per general ledger, . Unpaid dues, . $25,449 00 4,575 87 372 00 0 85 00 • $30,396 87 Total, $30,396 87 Number of shares issued during the y e a r , ............................................158 Number of shares now in f o r c e , ............................................................. 653 Number of shares now borrowed u p o n ,.....................................................195 Largest number of shares held by any one member, . . . • . 25 Number of shares withdrawn during the y e a r , ................................... 47 Number of shares retired during the y e a r , ............................................33 Highest rate of premium or interest received on money sold during the year: 6 per cent. Lowest rate of premium or interest received on money sold during the year: 6 per cent. Rate of profits distributed: first term, 3 per cent.; second term, 3 per cent. Number of members withdrawn during the y e a r ,................................... 9 Present number of members,...........................................................................106 Present number of borrowers,........................................................................... 43 Present number of non-borrowers,.................................................................. 63 Number of loans secured by first mortgage of real estate, . . . 37 Number of loans on s h a r e s , .............................................................................6 Largest loan to any one m e m b e r ,...................................................................... $3,000 00 Smallest loan to any one member......................................................................... 25 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 83 24 Date of examination by commissioner : January 18. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No 8.] SAVINGS BANK COMMISSIONERS. 23 B E R K S H IR E C O U N T Y C O -O P E R A T IV E B A N K — N O R T H A D A M S. Incorporated Nov. 8, 1890. Commenced business Nov. 19, 1890. C h a r le s W. F o r d , Secretary and Treasurer. C arlton T. P h e l p s , President. Names of security committee : M a r sh a l l R . F o r d , G eorge A . H a st in g s , W ilson C. E l l is . Regular meetings the third Wednesday of each month. B a la n c e S h e e t O ct . 31, 1901. A ssets. L ia b il it ie s . $217,560 00 Loans on real estate, 21,210 00 Loans on shares, . 400 00 Permanent expense account,. 7,736 70 Cash in hands of treasurer, . Dues capital, Profits capital (all series), . Guaranty fund, . . . . . Surplus, $246,906 70 $206,053 39,663 503 686 00 97 70 03 $246,906 70 Detailed Statement of Receipts and Disbursements for the Year endinq Oct. 3 1 ,1 9 0 1 . D is b u r s e m e n t s . R e c e ip t s . From dues capital,, interest, premiums, . fines, . . . . transfer fees, real estate loans repaid, share loans repaid, withdrawal profits, Cash on hand Oct. 31, 1900, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $57,034 13,184 915 282 8 58,415 25,748 125 14,262 00 29 05 10 50 00 00 11 93 $104,700 00 For real estate loans, . 30,988 00 share loans, . 22,732 00 dues capital withdrawn, profits capital withdrawn, 2,713 42 1,064 36 temporary expenses, 40 50 permanent expenses, 7,736 70 Cash on hand Oct. 31, 1901, $169,974 98 $169,974 98 24 REPORT OF THE [Pub. Doc. Total Amount of Loans at Specified Rates of Interest. L oans on R eal E sta te. Amount. R a te . $64,650 00 1,800 00 L oans on Sh a r es. Amount. 6.00 per cent. $151,110 00 6.30 R a te . Amount. R a te . 6.60 per cent. $13,205 00 8,005 00 6.00 per cent. 6.60 “ . . . . . . . . . . . . . . . . . . . . . 1 $183 36 162 51 3 4 152 13 5 141 96 132 06 6 122 44 7 8 113 06 9 103 96 10 95 09 11 86 47 12 78 07 13 69 89 14 61 94 54 22 15 16 46 72 39 44 17 18 32 37 19 25 51 20 18 85 21 12 38 22 6 10 Dues paid in advance, . Total, Total Value. Nov., 1890, Nov., 1891, .May, 1892, Nov., 1892, May, 1893, Nov., 1893, May, 1894, Nov., 1894, May, 1895, Nov., 1895, May, 1896, Nov., 1896, May, 1897, Nov., 1897, May, 1898, Nov., 1898, May, 1899, Nov., 1899, May, 1900, Nov., 1900, May, 1901, Shares in Force. D ate op Issu e. Value per Share. Series. Reconciliation of Share Account with Dues and Profits Capital. 100 35 25 109 58 109 137 197 130 184 165 204 209 338 228 345 232 397 353 669 468 $18,336 5,687 3,803 15,473 7,659 13,345 15,489 20,480 12,361 15,910 12,881 14,257 12,945 18,326 10,652 13,606 7,509 10,127 6,654 8,282 2,854 00 85 25 64 48 96 22 12 70 48 55 56 46 36 16 80 84 47 05 22 80 Dues capital, as per general ledger, . Profits capital, as per general ledger, . Unpaid dues, . $206,053 00 39,663 97 1,173 00 244 00 $246,889 97 Total, $246,889 97 Number of shares issued during the y e a r , ................................... 1,290 Number of shares now in f o r c e , .....................................................4,692 Number of shares now borrowed u p o n ,............................................ 1,751 Largest number of shares held by any one member, . . . . 25 Number of shares withdrawn during the y e a r , ................................... 877 Highest rate of premium or interest received on money sold during the year: 6 6-10 per cent. Lowest rate of premium or interest received on money sold during the year: 6 per cent. Rate of profits distributed: first term, 3 per cent.; second term, 3 per cent. Number of members withdrawn during the y e a r ,................................... 100 Present number of m em b ers,......................................................................... 585 Present number of borrowers,......................................................................... 224 Present number of non-borrowers,.................................................................361 Number of loans secured by first mortgage of real estate, . . . 158 Number of loans on shares............................................................................ 66 Largest loan to any one m e m b e r ,......................................................................$5,000 00 Smallest loan to any one m em ber,...................................................................... 10 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 1,157 78 Date of examination by commissioner : April 24. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] 25 SAYINGS BANK COMMISSIONERS. B E V E R L Y C O -O P E R A T IV E B A N K — B E V E R L Y . Incorporated Aug. 25, 1888. Commenced business Sept. 18, 1888. G eorge P. B r o w n , President. H a r r i s L . Ob e r , Secretary. C h a r le s F. L e e , Treasurer. Names of security committee: G eorge P. B r o w n , G eorge B u t m a n , E d m u n d G il e s . Regular meetings the third Tuesday of each month. B a la n c e S h e e t O c t . 31, 1901. L ia b il it ie s . A ssets. $161,550 00 Loans on real estate, 5,580 00 Loans on shares, . 500 00 Permanent expense account, . 12,813 01 Real estate by foreclosure, . 13 27 Unpaid premiums,. 127 62 Unpaid fines, . . . . Cash in hands of treasurer, . 8,827 15 $161,126 00 Dues capital, . . . . 25,158 69 Profits capital (all series), . 126 90 Interest,................................... 50 Transfer fees, 65 46 Withdrawal profits, 1,169 13 Guaranty fund, 1,665 54 Surplus,................................... 98 83 Forfeited share account, $189,411 05 $189,411 05 Detailed Statement of Receipts and Disbursements fo r the Year ending Oct. 3 1 ,1 9 0 1 . D is b u r s e m e n t s . R e c e ip t s . From dues capital,. interest, premiums, . fines, . . . . transfer fees, real estate loans repaid, real estate loans eiinnnated by foreclosure, real estate loans eliminated by maturity of shares, share loans repaid, withdrawal profits, forfeited shares, . real estate by foreclosure, . . . . temporary expense account, Cash on hand Oct. 31, 1900, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $46,856 9,915 63 470 2 37,250 00 13 94 08 50 00 2,800 00 600 9,080 222 31 00 00 49 85 4,014 66 68 25 12,479 73 $123,854 63 For real estate loans, . share loans, . dues capital withdrawn, dues capital forfeited, dues capital retired, dues capital matured, profits capital withdrawn, profits capital forfeited, . profits capital retired, profits capital matured, . temporary expenses, forfeited shares, interest on retired shares, interest on m a t u r e d shares, . . . . real estate by foreclosure, surplus, . . . . Cash on hand Oct. 31, 1901, . $52,450 7,390 30,171 1,237 4,718 5,360 5,784 275 1,062 2,237 781 34 47 00 00 00 00 00 00 45 36 95 36 94 75 94 105 3,369 2 8,827 13 48 12 15 $123,854 63 26 REPORT OF THE [Pub. Doc. Total Amount of Loans at Specified Rates of Interest. L o a n s on R ea l E s t a t e . L oans on S h a k es. Amount. Rate. Amount. Rate. Amount. Rate. $146,950 00 11,000 00 6.00 per cent. 6.30 “ $2,800 00 800 00 6.60 per cent. 7.20 $5,580 00 6.00 per cent. Mar., 1890, . Sept., 1890, . Mar., 1891, . Sept., 1891, . Mar., 1892, . Sept., 1892, . Mar , 1893, . Sept, 1893, . Mar., 1894, . Sept., 1894,. Mar., 1895, . Sept., 1895. . Mar., 1896, . Sept., 1896, . Mar., 1897, . Sept., 1897, . Mar., 1898, . Sept., 1898, . Mar., 1899, . Sept., 1899, . Mar., 1900, . Sept., 1900, . Mar., 1901, . Sept., 1901, . 4 $198 18 186 59 5 6 175 35 164 43 7 8 153 84 9 143 56 10 133 58 11 123 86 12 114 47 13 105 33 14 96 47 15 87 84 16 79 48 17 71 36 18 63 48 19 55 84 20 48 40 21 41 19 22 34 19 23 27 39 24 20 78 25 14 35 26 8 09 2 00 27 9 8 10 25 24 50 53 49 61 76 89 78 216 232 263 358 214 233 262 315 402 415 233 226 Dues paid in advance, . Total, • • Total Value. D ate of I ssu e. Shares in Force. Series. j Value per | Share. Reconciliation of Share Account with Dues and Profits Capital. $1,783 1,492 1,753 4,110 3,692 7,178 7,079 6,069 6,982 8,005 8,585 6,851 17,088 16,555 16,695 19,990 10,357 9,597 8,957 8,627 8,353 5,955 1,884 452 62 72 50 75 16 00 74 14 67 08 83 52 20 52 24 72 60 27 78 85 56 25 97 00 Dues capital, as per general ledger, . $161,126 00 Profits capital, as per general ledger, . 25,158 69 Unpaid dues, . 1,941 00 125 00 • $188,225 69 Total, Number of shares issued during the y e a r , ............................................585 Number of shares now in f o r c e , .....................................................3,900 Number of shares now borrowed u p o n ,............................................1,052 Largest number of shares held by any one member, . . . . 25 Number of shares withdrawn during the y e a r , ................................... 610 Number of shares forfeited during the y e a r ,............................................ 4 4 Number of shares retired during the y e a r , ............................................ 55 Number of shares matured during the y e a r ,............................................38 Highest rate of premium or interest received on money sold during the year: 6 per cent. Lowest rate of premium or interest received on money sold during the year: 6 per cent. Rate of profits distributed: fisst term, 2f per cent.; second term, 2 | per cent. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $188,225 69 No. 8.] SAYINGS BANK COMMISSIONERS. 27 Number of members withdrawn during the y e a r ,................................... 100 Present number of m em b ers,......................................................................... 607 Present number of borrowers,..................................................................... 151 Present number of non-borrowers,................................................................ 456 Number of loans secured by first mortgage of real estate, . . . 138 Number of loans on s h a r e s , ........................................................................... 34 Largest loan to any one member, ......................................................................$5,000 00 Smallest loan to any one member......................................................................... 10 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 713 69 Date of examination by commissioner : March 25. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis REPORT OF THE 28 [Pub. Doc. B O ST O N C O -O P E R A T IV E B A N K — B O ST O N . Incorporated April 30, 1888. Commenced business May 2, 1888. G eorge T. B osson , Secretary and Treasurer. C h a r l e s C. A d a m s , President. Names of security committee: H e n r y M. S a n d e r s , G eorge T . B osson , H odgdon F . B ttzzell. Regular meetings the first Monday of each month. B a l a n c e S h e e t O ct . 31, 1901. A ssets. L ia b il it ie s . Loans on real estate, $274,460 00 Loans on shares, . 18,180 00 Permanent expense account, . 96 44 Real estate by foreclosure, 58,210 08 Mortgages, . . . . 45,967 46 Unpaid interest, 2,681 24 Unpaid premiums,. 127 6 5 Unpaid fines, . . . . 292 79 Personal accounts, . 1,374 38 Cash in hands of treasurer, . 11,556 40 $356,199 00 Dues capital, . . . . 51,420 08 Profits capital (all series), . 1,910 04 Guaranty fund, 2,890 29 Surplus, .......................... Forfeited share account, 527 03 $412,946 44 $412,946 44 Detailed Statement of Receipts and Disbursements for the Year ending Oct. 3 1 ,1 9 0 1 . D is b u r s e m e n t s . R e c e ip t s . From dues capital,. $123,055 00 18,852 07 interest, 854 09 premiums, . 1,254 50 fines, . . . . transfer fees, 7 50 64,390 00 real estate loans repaid, real estate loans elimi21,100 00 nated by foreclosure, 20,030 00 share loans repaid, withdrawal profits, 761 97 29 68 forfeiture profits, . forfeited shares, . 1,161 69 real estate by foreclos19,600 63 ure, . . . . 54 00 retired share account, . 7,732 31 mortgages, . 7 60 rent, . . . . 23 profit and loss, 122 12 personal accounts, Cash on hand Oct. 31, 1900, . 31,927 68 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $310,941 07 For real estate loans, share loans, dues capital withdrawn, dues capital forfeited, dues capital retired, profits capital withdrawn, profits capital forfeited, . profits capital retired, temporary expenses, forfeited shares, interest on retired shares, real estate by foreclosure, retired share account, . mortgages, guaranty fund, surplus, . . . . personal accounts, . Cash on hand Oct. 31, 1901, . $97,660 20,680 57,963 1,352 52,315 8,660 172 14,915 2,997 1,671 42 23,805 54 15,680 538 538 338 11,556 00 00 00 00 00 50 27 28 11 46 93 37 00 00 59 57 59 40 $310,941 07 No. 8.] 29 SAVINGS BANK COMMISSIONERS. Total Amount of Loans at Specified Rates of Interest. L oans on Sh a r es. L oans on R eal E state. A m o u n t. $123,280 1,000 5,800 2,600 2,100 00 00 00 00 00 5.00 per cent. $123,005 00 11,625 00 5.25 1,650 00 5.50 2,000 00 5.75 1,400 00 6.00 R a te . A m o u n t. R a te . A m o u n t. K a te . 6.30 per cent. 6.60 6.90 » 7.50 » 8.10 $11,410 1,800 700 1,300 2,970 00 00 00 00 00 5.00 per cent. 5.50 “ 5.75 6.00 “ 6.30 “ May, May, Nov., May, Nov., May, Nov., May, Nov., May, Nov., May, Nov., May, Nov., May, Nov., May, Nov., May, Nov., May, 1890, 1891, 1891, 1892, 1892, 1893, 1893, 1894, 1894, 1895, 1895, 1896, 1896, 1897, 1897, 1898, 1898, 1899, 1899, 1900, 1900, 1901, . . . . . . . . . . . . . . . . . . . . . . 22 29 54 64 74 50 70 173 192 157 307 272 479 617 635 510 771 866 954 1,033 1,467 1,333 5 , $200 50 176 21 7 164 65 8 153 57 9 142 81 10 11 132 41 12 122 37 112 68 13 14 103 31 15 94 27 85 51 16 77 07 17 18 68 92 19 61 03 53 42 20 21 46 01 22 38 85 23 31 93 25 21 24 25 18 67 12 30 26 6 08 27 $4,411 5,110 8,891 9,828 10,567 6,620 8,565 • 19,493 19,835 14,800 26,251 20,963 33,012 37,655 33,921 23,465 29,953 27,651 24,050 19,286 18,044 8,104 00 09 10 48 94 50 90 64 52 39 57 04 68 51 70 10 35 38 34 11 10 64 Dues capital, as per general ledger, . Profits capital, as per general ledger, . Unpaid dues, * • • $411,505 08 Total, Number of shares issued during the y e a r , ................................... 2,952 Number of shares now in force............................................................ 10,129 Number of shares now borrowed fip o n ,............................................2,090 Largest number of shares held by any one member, . . . . 25 Number of shares withdrawn during the year, . . . . 1,705 Number of shares forfeited during the y e a r ,............................................61 Number of shares retired during the y e a r , ............................................619 Highest rate of premium or interest received on money sold during the year: 6 per cent. Lowest rate of premium or interest received on money sold during the year: 5 per cent. Rate of profits distributed: first term, 2 | per cent.; second term, 2£ per cent. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $356,199 00 51,420 08 3,886 00 1,021 00 Dues paid in advance, . Total, Total Value. Shares in Force. Date op I ssu e. Value per Share. Series. Reconciliation of Share Account with Dues and Profits Capital. $411,505 08 30 REPORT OF THE [Pub. Doc. Number of members withdrawn during the year, . . 198 Present number of m em b ers,..................................................... 1,096 Present number of borrowers,.................................................... . 208 Present number of non-borrowers,............................................ . 888 Number of loans secured by first mortgage of real estate, . 146 Number of loans on s h a r e s , .................................................... . 62 Largest loan to any one m e m b e r ,............................................ Smallest loan to any one m ember,............................................ Amount of expenses of the corporation for the year ending Oct .31,1901, . Date of examination by commissioner : September 10. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis |5,000 00 50 00 2,997 11 No. 8.] SAYINGS BANK COMMISSIONERS 31 B R A IN T R E E C O -O P E R A T IV E B A N K — SO U T H B R A IN T R E E . Incorporated June 24, 1889. Commenced business Oct. 15, 1889. C h a r l e s B. C u m m in g s , Secretary and Treasurer. J am e s T. S t e v e n s , President. Names of security committee: J a m e s T. S t e v e n s , A n s e l O. Cl a r k , T. H a ven D e a r in g . Regular meetings the third Tuesday of each month. B a l a n c e S h e e t O ct . 81, 1901. L ia b il it ie s . A ssets. Loans on real estate, 137,850 00 Loans on shares, . 3,505 00 25 00 Permanent expense account, . 25 00 Temporary expense account, 946 62 Real estate bv foreclosure, Unpaid dues, . . . . 20 00 16 03 Unpaid fines, . . . . 1,440 93 Cash in hands of treasurer, . Dues capital, . . . . Profits capital (all series), . Interest,................................... Premiums, . . . . Transfer fees, Withdrawal profits, Guaranty fund, Surplus,................................... Forfeited share account. Suspense account,. Retired share account, . Matured share account, $43,828 58 $33,696 7,637 694 32 33 253 1,273 9 19 171 7 00 78 09 25 50 83 02 30 14 64 11 92 $43,828 58 Detailed Statement of Receipts and Disbursements fo r the Year ending Oct. 3 1 ,1 9 0 1 . R e c e ip t s . From dues capital,. interest, premiums, . fines, . . . . transfer fees, real estate loans repaid, real estate loans elimi. nated by foreclosure, real estate loans eliminated by maturity of shares, share loans repaid, withdrawal profits, forfeiture profits, . forfeited shares, . real estate by foreclosure, . . . . retired share account, . matured share account, Cash on hand Oct. 31, 1900, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis D is b u r s e m e n t s . $8,128 3,315 168 209 00 25 75 90 75 9,500 00 4,700 00 4,200 2,000 122 50 461 00 00 81 64 98 3,399 171 7 1,887 40 11 92 66 $38,324 17 For real estate loans, share loans, . dues capital withdrawn, dues capital forfeited, dues capital retired, dues capital matured, profits capital withdrawn, profits capital forfeited, . profits capital retired, profits capital matured, . temporary expenses, forfeited shares, interest on retired shares, interest on m a t u r e d shares, . . . . real estate by foreclosure, suspense account, . unpaid dues, . Cash on hand Oct. 31, 1901, . $6,650 1,805 3,361 809 4,092 8,523 588 202 1,685 3,733 376 461 140 00 00 00 00 00 00 82 62 40 26 00 98 60 65 4,346 22 20 1,440 86 02 68 00 93 $38,324 17 REPORT OF THE 32 [Pub. Doc Total Amount of Loans at Specified Rates of Interest. L oans on R ea l E sta te. Amount. Rate. $37,450 00 6.30 per cent. L oans on Sh a res. R a te . Amount. Rate. 6.60 per cent. $3,505 00 6.30 per cent. Amount. $400 00 June, 1890, . Dec., 1890, . June, 1891, . Dec., 1891, . June, 1892, . June, 1893, . Dec , 1893, . June, 1894, . Dec., 1894, . June, 1895, . Dec., 1895, . June, 1896, . Dec., 1896, . June, 1897, . Dec., 1897, . June, 1898, . Dec., 1898, . June, 1899, . Dec., 1899, . June, 19u0, . Dec., 1900, . June, 1901, . 3 $191 31 179 96 4 168 92 5 158 22 6 147 83 7 9 127 96 118 46 10 109 23 11 12 100 27 13 91 57 83 13 14 74 93 15 66 97 16 59 24 17 51 74 18 44 46 19 20 37 39 30 52 21 23 85 22 23 17 38 11 10 24 5 00 25 Dues paid in advance, . Total, • • • 27 23 15 38 11 12 6 13 5 10 21 32 51 9 43 25 33 53 51 55 46 95 Total Value. Shares in Force. Series. D ate of Issu e. Value per Share Reconciliation of Share Account with Dues and Profits Capital. $5,165 4,139 2,533 6,012 1,626 1,535 710 1,419 501 915 1,745 2,397 3,415 533 2,224 1,111 1,233 1,617 1,216 955 510 475 37 08 80 36 13 52 76 99 35 70 73 76 47 16 82 50 87 56 35 90 60 00 Dues capital, as per general ledger, . Profits capital, as per general ledger, . Unpaid dues, . 7,637 78 667 00 3 00 $42,000 78 Total, Number of shares issued during the year...................................................142 Number of shares now in f o r c e , ............................................................. 674 Number of shares now borrowed u p o n ,.................................................... 282 Largest number of shares held by any one member, . . . .2 5 Number of shares withdrawn during the y e a r , ................................... 104 Number of shares forfeited during the y e a r ,............................................25 Number of shares- retired during the y e a r , ............................................30 Number of shares matured during the year, . . . . . .6 1 Highest rate of premium or interest received on money sold during the year: 6 3-10 per cent. Lowest rate of premium or interest received on money sold during the year: 6 3-10 per cent. Rate of profits distributed: first term, 3 per cent; second term, 3 per cent. Number of members withdrawn during the y e a r ,...................................25 Present number of m em bers,......................................................................... 105 Present number of borrowers,........................................................................... 44 Present number of non-borrowers,...................................................................61 Number of loans secured by first mortgage of real estate, . . . 40 Number of loans on s h a r e s , ........................................................................... 18 Largest loan to any one member........................................................................... Smallest loan to any one m em ber,................................... ........ . . . Amount of expenses of the corporation for the year ending Oct. 31, 1901, . Date of examination by commissioner : October 21. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $83,696 00 $42,000 78 $2,600 00 25 00 376 00 No. 8.] SAYINGS BANK COMMISSIONERS. 33 B R O O K L IN E C O -O P E R A T IV E B A N K — B R O O K L IN E . Incorporated March 13, 1895. Commenced business May 2, 1895. A r t h u r H . M in e r , Secretary and Treasurer. N a t h a n ie l C o nant , President. Names of security committee: G eorge F. B oynton , E. A . R o b a r t , A r t h u r H . B a il e y , W . S. K e m p , M . J. O’H e a r n . Regular meetings the lirst Thursday of each month. B a l a n c e S h e e t O c t . 31, 1901. L ia b il it ie s . A ssets. $82,300 00 Loans on real estate, 3,876 00 Loans on shares, . 50 00 Permanent expense account, 2,417 26 Real estate by foreclosure, . 218 16 Unpaid interest, 38 08 Unpaid fines, . . . . 6,914 08 Cash in hands of treasurer, . Dues capital, . . . . Profits capital (all series), . Guaranty fund, S u r p lu s ,............................... $95,813 58 $83,774 11,358 240 440 00 94 00 64 $95,813 58 Detailed Statement of Receipts and Disbursements for the Year ending Oct. 3 1 ,1 9 0 1 . R e c e ip t s . D is b u r s e m e n t s . $27,731 00 From dues capital, interest, 5,357 47 12 47 premiums, . 184 28 fines, . . . . 1 25 transfer fees, 13,550 00 real estate loans repaid, 5,080 00 share loans repaid, 136 02 withdrawal profits, 1,000 00 collateral loan, 7,506 08 Cash on hand Oct. 31, 1900, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $60,558 57 For real estate loans, . share loans, dues capital withdrawn, dues capital retired, profits capital withdrawn, profits capital retired, temporary expenses, real estate by foreclosure, suspense account, . Cash on hand Oct. 31, 1901, . $28,750 3,691 9,217 8,738 1,010 1,433 319 34 450 6,914 00 00 00 00 92 20 21 40 76 08 $60,558 57 34 REPORT OF THE [Pub. Doc. Total Amount of Loans at Specified Rates of Interest. L oans on R ea l E sta te. L oans on Sh a res. Amount. Kate. Amount. Rate. Amount. Kate. $82,300 00 6.00 per cent. - - $3,876 00 6.00 per cent. May, 1895, . 1 Nov., 1895, . 2 May, 1896, . 3 Nov., 1896, . 4 5 May, 1897,. Nov., 1897, . 6 May, 1898, . 7 Nov., 1898, . 8 May, 1899, . 9 Nov., 1899, . 10 May, 1900, . 11 Nov., 1900, . 12 May, 1901, . 13 $94 85 77 69 61 53 46 39 32 25 18 12 6 Dues paid in advance, . Total, • • 40 97 64 51 60 94 49 25 24 42 81 37 10 182 131 122 123 154 124 51 236 180 253 249 88 546 Total Value. D ate of I ssu e. Shares in Force. Series. Value per Share. Reconciliation of Share Account with Dues and Profits Capital. $17,180 11,262 9,472 8,549 9,486 6,688 2,370 9,263 5,803 6,431 4,683 1,088 3,330 80 07 08 73 40 56 99 00 20 26 69 56 60 Dues capital, as per general ledger, . Profits capital, as per general ledger, . Unpaid dues, . 11,358 94 599 00 121 00 $95,731 94 Total, $95,731 94 © IG 00 25 00 369 21 oo Number of shares issued during the y e a r , ............................................649 Number of shares now in f o r c e , .....................................................2,439 Number of shares now borrowed u p o n ,.....................................................597 Largest number of shares held by any one member, . . . . 25 Number of shares withdrawn during the y e a r , ................................... 266 Number of shares retired during the y e a r , ............................................ 131 Highest rate of premium or interest received on money sold during the year: 6 per cent. Lowest rate of premium or interest received on money sold during the year: 6 per cent. Rate of profits distributed : first term, 2 | per cent. ; second term, 2 | per cent. Number of members withdrawn during the year, . . . . . 61 Present number of members................................................................. . 304 Present number of borrowers,............................................................. • 47 Present number of non-borrowers,.................................................... . 257 Number of loans secured by first mortgage of real estate, . 28 Number of loans on s h a r e s , ............................................................. . 19 Largest loan to any one m e m b e r ,..................................................... , , Smallest loan to any one member....................................................... # , Amount of expenses of the corporation for the year ending Oct. 31 1901, . Date of examination by commissioner : Sept. 4. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $83,774 00 No. 8.] SAYINGS BANK COMMISSIONERS. 35 C A M B R ID G E C O -O P E R A T IV E B A N K — E A S T C A M B R ID G E . Incorporated Sept. 5, 1877. Commenced business Sept. 12, 1877. R u f u s R . W a d e , President. J ohn H. P once , Secretary. J ohn L o u g h r e y , Treasurer. Names of security committee : G eorge S. K e e l e r , N athan W . Sh u m w a y , John L oughrey. Regular meetings the second Wednesday of each month. 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. $30,250 00 Loans on real estate, 4,605 00 Loans on shares, . 2 76 Permanent expense account, 149 50 Unpaid interest, 9 35 Unpaid premiums, 29 14 Unpaid fines, . . . . 187 00 Unpaid dues, . . . .♦ 2,639 88 Cash in hands of treasurer, . Dues capital, Profits capital (all series), . Guaranty fund, . Forfeited share account, Sundry balances,. $31,024 6,533 283 9 21 00 84 71 66 42 $37,872 63 $37,872 63 Detailed Statement of Receipts and Disbursements fo r the Year ending Oct. 3 1 ,1 9 0 1 . D is b u r s e m e n t s . R e c e ip t s . From dues capital,. interest, premiums, . fines................................ real estate loans repaid, real estate loans eliminated by maturity of shares, share loans repaid, withdrawal profits. Cash on hand Oct. 31,1900, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $7,928 2,112 161 30 4,900 00 67 45 96 00 1,200 135 110 6,336 00 00 81 62 $22,915 51 For real estate loans, share loans, . dues capital withdrawn, dues capital retired, dues capital matured, profits capital withdrawn, profits capital retired, profits capital matured, temporary expenses, interest on retired shares, matured share account, . interest, . . . . premiums, fines................................... sundry balances, . sundry accounts payable, Cash on hand Oct. 31, 1901,. $3,350 2,285 2,820 6,403 852 332 2,061 377 353 89 1,026 14 1 2 11 295 2,639 00 00 00 00 00 47 20 22 50 17 60 00 40 80 69 58 88 $22,915 51 36 REPORT OF THE [Pub. Doc. Total Amount of Loans at Specified Rates of Interest. L oans on H eal E sta te. Amount. Bate. $16,750 00 13,400 00 6.30 per cent. 6.60 Loans on Sh a res. Amount. $100 00 Kate. Amount. Rate. 6.90 per cent. $3,405 00 1,200 00 6.30 per cent. 6.60 . . . . . . . . . . . . . . . . . . . . . . 41 $192 58 42 180 92 43 169 64 45 148 21 46 138 03 47 128 09 48 118 46 49 109 14 50 100 05 51 94 19 52 85 62 53 77 33 54 69 24 61 40 55 56 53 81 46 40 57 58 39 20 59 32 19 60 25 38 61 18 76 62 12 34 63 6 09 Suspense profits, Total, Total Value. 1890, 1891, 1891, 1892, 1893, 1893, 1894, 1894, 1895, 1895, 1895, 1896, 1896, 1897. 1897, 1898, 1898, 1899, 1899, 1900, 1900, 1901, Shares in Force. Series. D ate op I ssu e. July, Jan., July, July, Jan., July, Jan., July, Jan., May, Nov., May, Nov., May, Nov., May, Nov., May, Nov., May, Nov., May, Value per Share. Reconciliation of Share Account with Dues and Profits Capital. 13 3 5 35 26 5 20 5 51 15 20 10 29 11 33 19 44 53 76 23 38 119 $2,503 542 848 5,187 3,588 640 2,369 545 5,102 1,412 1.712 773 2,007 675 1,775 881 1,724 1,706 1,928 431 468 724 54 76 20 35 78 45 20 70 55 85 40 30 96 40 73 60 80 07 88 48 92 71 Dues capital, as per general ledger, . Profits capital, as per general ledger, . $31,024 00 6,533 84 • 5 21 • $37,557 84 Total, $37,557 84 Number of shares issued during the y e a r , ............................................... 164 Number of shares now in f o r c e , .................................................................653 Number of shares now borrowed u p o n ,........................................................223 Largest number of shares held by any one member, . . . . 25 Number of shares withdrawn during the y e a r , .........................................80 Number of shares retired during the y e a r , ................................................. 56 Number of shares matured during the y e a r ,...................................................6 Highest rate of premium or interest received on money sold during the year: 5 cents premium. Lowest rate of premium or interest received on money sold during the year: 5 cents premium. Rate of profits distributed: first term, 2 | per cent.; second term, 2 | per cent. Number of members withdrawn during the y e a r ,................................... 17 Present number of m em b ers,........................................................................... 9 4 Present number of borrowers,...........................................................................32 Present number of non-borrowers......................................................................62 Number of loans secured by first mortgage of real estate, . . . 28 Number of loans on shares, ............................................................................18 Largest loan to any one m e m b e r ,......................................................................$2,800 00 Smallest loan to any one member......................................................................... 20 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 357 00 Date of examination by commissioner : November 21. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] 37 SAYINGS BANK COMMISSIONERS C A M PEL LO C O -O P E R A T IV E B A N K — BR O C K T O N . Incorporated Oct. 3, 1877. Commenced business Oct. 8, 1877. W a r r e n T. Co pe l a n d , Secretary and Treasurer. E d w a r d H . K e i t h , President. Names of security committee: J ohn A. H o w a r d , F r e d R. H a y w a r d , N athan H . W a sh b u r n . Regular meetings the second Monday of each month. B a la n c e S h e e t O ct . 31, 1901. A ssets. L ia b il it ie s . $261,920 00 Loans on real estate, 8,450 00 Loans on shares, . 190 00 Permanent expense account,. 181 86 Temporary expense account, 64,540 44 Real estate by foreclosure, . 5,325 00 Mortgages, . . . . Unpaid interest, 2,217 75 Unpaid premiums, 116 60 120 58 Unpaid ti nes, . . . . 948 92 Taxes, insurance, repairs, etc., Cash in hands of treasurer, . 5,615 65 Dues capital, Profits capital (all series), . Interest, . . . . Premiums, . . . . F i n e s , ................................... Transfer fees, Withdrawal profits, Guaranty fund, . Surplus, . . . . Forfeited share account, R e n t s ,................................... $298,703 35,426 1,573 82 53 1 189 2,300 10,922 35 340 00 26 43 15 86 00 31 00 24 09 46 $349,626 80 $349,626 80 Detailed Statement of Receipts and Disbursements fo r the Year ending Oct. 3 1 ,1 9 0 1 . R e c e ip t s . D is b u r s e m e n t s . From dues capital,. $115,267 00 interest, 17,656 64 986 88 premiums, . 652 30 fines................................ transfer fees, 7 75 62,700 00 real estate loans repaid, real estate loans elimi nated by foreclosure, 3,200 00 real estate loans elimi nated by maturity of 2,000 00 shares, 8,250 00 share loans repaid, 850 45 withdrawal profits, 41 04 forfeiture profits, . 784 08 forfeited shares, . real estate by foreclos 8,173 65 ure, . . . . 3,013 72 rents, . . . . 675 00 mortgages, . 1,094 76 Cash on hand Oct. 31, 1900, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $225,353 27 For real estate loans, . share loans, . dues capital withdrawn, dues capital forfeited, dues capital retired, dues capital matured, profits capital withdrawn, profits capital forfeited, . profits capital retired, profits capital matured, . temporary expenses, forfeited shares, interest on retired shares, interest on matured shares............................ real estate by foreclosure, taxes, repairs, etc., mortgages, surplus.............................. Cash on hand Oct. 31, 1901, . $51,320 11,550 48,925 704 75,934 1,410 3,415 121 11,425 598 1,799 863 979 00 00 00 00 00 00 26 12 76 20 06 60 26 13 4,081 1,886 2,300 2,410 5,615 30 55 80 00 71 65 $225,353 27 38 REPOET OF THE [Pub. Doc. Total Amount of Loans at Specified Rates of Interest. L oans on R eal E state. Amount. $254,920 00 L oans on Sha res. Rate. Amount. Rate. Amount. Rate. 6.30 per cent. $7,000 00 7.50 per cent. $8,450 00 6.30 per cent. April. 1890,. Oct., 1890,. April, 1891, . Oct., 1891,. April, 1892,. Oct., 1892, . April, 1893, . Oct., 1893,. April, 1894,. Oct., 1894,. April, 1895,. Oct , 1895,. April, 1896,. Oct., 1896, . April, 1897,. Oct., 1897,. April, 1898,. Oct., 1898, . April, 1899,. Oct., 1899,. April, 1900, . Oct., 1900,. April, 1901,. Oct., 1901,. 18 $197 11 41 19 184 82 14 20 172 98 43 21 161 62 13 22 150 70 44 140 19 23 14 130 03 45 24 25 120 30 7 110 92 26 34 101 85 27 62 28 93 13 72 29 84 72 152 30 76 61 506 31 68 78 427 32 61 21 589 33 53 85 601 34 635 46 71 39 74 35 606 32 89 36 702 26 21 688 37 38 19 68 837 39 13 31 966 40 7 09 1,155 41 1 00 2,087 Dues paid in advance, . Total, • • • . Total Value. Shares in Force. Series. Date of Issue. Value per Share. 1 Reconciliation of Share Account with Dues and Profits Capital. $8,081 2,587 7,438 2,101 6,630 1.962 5,851 842 3,771 6,314 6,705 12,877 38,764 29,369 36,052 32,363 29,660 24,082 23,088 18,032 16,472 12,857 8,188 2,087 51 48 14 06 80 66 35 10 28 70 36 44 66 06 69 85 85 44 78 48 16 46 95 00 Dues capital, as per general ledger, . $298,703 00 Profits capital, as per general ledger, . 35,426 26 Unpaid dues, . 2,411 00 356 00 $336,540 26 Total, Number of shares issued during the y e a r , ...............................3,968 Number of shares now in f o r c e , ...............................................10,340 Number of shares now borrowed u p on ,....................................... 1,563 Largest number of shares held by any one member, . . . . 25 Number of shares withdrawn during the year,. . . . 2,364 Number of shares forfeited during the year, . . . . . .1 6 Number of shares retired during the y e a r , .............................. 1,065 Number of shares matured during the y e a r ,................................................. 10 Highest rate of premium or interest received on money sold during the year: 5 cents premium. Lowest rate of premium or interest received on money sold during the year: 5 cents premium. Rate of profits distributed: first term, 2 per cent.; second term, 2£ per cent. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $336,540 26 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis [Pub. Doc. REPORT OF THE 40 C A N T O N C O -O P E R A T IV E B A N K — C A N T O N . Incorporated Jan. 10, 1891. Commenced business Feb. 10, 1891. J am e s E. G r im e s , Secretary and Treasurer. J oseph W. W a t t l e s , Jr., President. Names of security committee: J o seph W . W a t t l e s , Jr., J o h n B. R o bin so n , J ohn E v e r e t t . Regular meetings the second Tuesday of each month. 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. $122,150 00 Loans on real estate, 7,890 00 Loans on shares, . 107 00 Temporary expense account, 5,186 17 Real estate by foreclosure, . 1,211 00 Unpaid interest, 63 30 Unpaid premiums, 92 72 Unpaid fines............................. 9,209 57 Cash in hands of treasurer, . Dues capital, Profits capital (all series), . Interest, . . . . Premiums, . . . . F i n e s , ................................... Transfer fees, Withdrawal profits, Forfeiture profits, . Guaranty fund, Surplus, . . . . Forfeited share account, $114,955 25,160 2,045 101 87 161 3 1,024 2,362 6 00 79 10 85 47 25 91 93 56 90 00 $145,909 76 $145,909 76 Detailed Statement of Receipts and Disbursements fo r the Year ending Oct. 3 1 ,1 9 0 1 . D is b u r s e m e n t s . R e c e ip t s . $30,961 00 From dues capital,. 7,473 10 interest, 382 60 premiums, . 226 60 fines, . . . . 50 transfer fees, 34,250 00 real estate loans repaid, real estate loans elimi4,900 00 nated by foreclosure, 4,560 00 share loans repaid, 502 57 withdrawal profits, 20 19 forfeiture profits, . 449 76 forfeited shares, . real estate by foreclos442 18 ure, . . . . 1,002 43 Cash on hand Oct. 31, 1900, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $85,170 93 For real estate loans, share loans, . dues capital withdrawn, dues capital forfeited, . dues capital retired, profits capital withdrawn, profits capital forfeited, . profits capital retired, temporary expenses, forfeited shares, real estate by foreclosure, Cash on hand Oct. 31, 1901, $38,250 8,900 15,020 389 3,176 2,006 80 1,341 481 687 5,628 9,209 00 00 00 00 00 97 95 00 15 94 35 57 $85,170 93 No. 8.] 41 SAYINGS BANK COMMISSIONERS Total Amount of Loans at Specified Rates of Interest. L oans on Sha k es. L oans on R bal E sta te. Amount. Rate. Amount. Rate. Amount. Rate. $8,200 00 108,100 00 3,550 00 6.00 per cent. 6.30 “ 6.60 $2,100 00 200 00 6.90 per cent. 7.80 $4,960 00 2,930 00 6.00 per cent. 6.30 Feb., 1891, . Aug., 1891, . Feb., 1892, . Aug., 1892,. Feb., 1893, . Aug., 1893, . Feb., 1894, . Aug., 1894, . Feb., 1895, . Aug., 1895, . Feb., 1896, . Aug., 1896, . Feb., 1897, . Aug., 1897, . Feb., 1898, . Aug., 1898, . Feb., 1899, . Aug., 1899, . Feb., 1900, . Aug., 1900, . Feb., 1901, . Aug., 1901, . 1 $182 64 2 171 05 159 84 3 149 00 4 138 51 5 128 34 6 118 49 7 108 95 8 99 72 9 90 78 10 82 12 11 12 73 72 65 60 13 14 57 73 50 11 15 42 72 16 35 57 17 28 64 18 21 93 19 15 42 20 9 11 21 22 3 00 95 $17,350 80 68 11,631 40 68 10,869 12 42 6,258 00 35 4,847 85 38 4,876 92 5,569 03 47 3,704 30 34 64 6,382 08 72 6,536 16 60 4,927 20 39 2,875 08 134 8,790 40 79 4,560 67 250 12,527 50 3,503 04 82 7,362 99 207 194 5,556 16 272 5,964 96 283 4,363 86 2,341 27 257 795 00 265 ' Dues capital, as per general ledger, . Profits capital, as per general ledger, . Unpaid dues, . $114,955 00 • • $141,634 79 Total, Number of shares issued during the y e a r , ............................................672 Number of shares now in f o r c e , .....................................................2,685 Number of shares now borrowed u p o n ,.....................................................809 Largest number of shares held by any one member..................................25 Number of shares withdrawn during the y e a r , ................................... 554 Number of shares forfeited during the year................................................27 Number of shares retired during the y e a r , ............................................25 Highest rate of premium or interest received on money sold during the year: 6 3-10 per cent. Lowest rate of premium or interest received on money sold during the year: 6 per cent. Rate of profits distributed: first term, 3 | per cent.; second term, 3 | per cent. Number of members withdrawn during the y e a r ,................................... 50 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 25,160 79 1,519 00 41 00 Dues paid in advance, . Total, Total Value. Shares in Force. Valueper Share. D ate op I ssu e. Series. Reconciliation of Share Account with Dues and Profits Capital. $141,634 79 42 REPORT OF THE [Pub. Doc, Present number of m em b ers,......................................................................... 343 Present number of borrowers,......................................................................... 114 Present number of non-borrowers,.................................................................229 Number of loans secured by first mortgage of real estate, . . . 117 Number of loans on shares..................................................................................16 Largest loan to any one m e m b e r ,...................................................................... Smallest loan to any one member,...................................................................... Amount of expenses of the corporation for the year ending Oct. 31, 1901, Date of examination by commissioner : January 22. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $4,600 00 30 00 481 15 No. 8.] 43 SAVINGS BANK COMMISSIONERS C IT IZ E N S ’ C O -O P E R A T IV E B A N K — H A V E R H IL L . incorporated Aug. 22, 1887. Commenced business Sept. 12, 1887. J ames W . G o o dw in , Secretary and Treasurer. G eorge H. Ca r l e ton , President. Names of security committee: J o sh ua M. S tover , P h il ip C. S w e t t , G eorge M. G o o dw in . Regular meetings the second Monday of each month. B a la n c e S h e e t O ct . 31, 1901. A ssets. L ia b il it ie s . Loans on real estate, $152,931 67 Loans on shares, . 4,729 50 Temporary expense account,. 42 00 536 82 Real estate by foreclosure, . 38 82 Unpaid fines, . . . . 525 06 Cash in hands of treasurer, . Dues capital, . . . . Profits capital (all series), . Interest.................................... Withdrawal profits, Forfeiture profits, Guaranty fund, . Surplus, . . . . Forfeited share account, Bond account, $158,803 87 $133,360 21,983 111 57 16 850 1,581 243 600 00 56 42 67 37 00 80 05 00 $158,803 87 Detailed Statement of Receipts and Disbursements for the Year endinq Oct. 3 1 ,1 9 0 1 . R e c e ip t s . D is b u r s e m e n t s . $41,813 00 From dues capital,. interest, 8,943 79 119 77 fines, . . . . real estate loans repaid, 37,872 71 real estate loans elimi2,114 10 nated by foreclosure, share loans repaid, 3,167 71 withdrawal profits, 302 97 forfeiture profits, . 125 99 real estate by foreclos2,300 00 ure, . . . . Cash on hand Oct. 31, 1900, . 278 38 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $97,038 42 For real estate loans, . share loans, . dues capital withdrawn, dues capital retired, profits capital withdrawn, profits capital retired, temporary expenses, forfeited shares, interest on retired shares, real estate bv foreclosure, Cash on hand Oct. 31, 1901, . $41,705 5,004 23,310 14,274 3,165 5,106 1,625 70 82 2,170 525 08 50 00 00 47 02 00 00 95 34 06 $97,038 42 44 REPORT OF THE [Pub. Doc Total Amount of Loans at Specified Rates of Interest. L oans on R eal E sta te. Amount. $52,860 00 Rate. L oans on Sh a res. Amount. 5.00 per cent. $100,071 67 6 .0 0 Rate. Amount. Rate. per cent. $2,382 50 2,347 00 5.00 per cent. 6 .0 0 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 $188 178 168 158 148 139 129 120 111 102 94 85 77 69 62 54 47 39 33 26 19 13 7 • • 13 $2,452 1,783 9,757 5,382 9,063 5,421 6,354 7,835 5,243 4,524 8,202 8,245 11,502 5,234 10,172 13,238 2,403 11,385 6,105 6,979 6,320 4,618 3,263 378 10 58 34 61 39 49 65 47 44 87 96 148 75 164 243 51 285 185 266 321 347 461 378 1 00 Dues paid in advance, . Total, 67 39 24 32 58 02 69 54 57 84 28 89 72 79 03 48 13 95 00 24 69 31 08 Total Value. 6 7 Shares in Force. April, 1890,. Oct., 1890, . April, 1891,. Oct., 1891,. April, 1892,. Oct., 1892, . April, 1893,. Oct., 1893,. April, 1894,. Oct., 1894,. April, 1895,. Oct., 1895, . April, 1896, . Oct., 1896, . April, 1897,. Oct., 1897,. April, 1898,. Oct., 1898,. April, 1899,. Oct., 1899,. April, 1900,. Oct., 1900,. April, 1901,. Oct., 1901,. Series. Date of I ssu e. Value per Share. Reconciliation of Share Account with Dues and Profits Capital. . 1,067 71 90 92 88 38 78 81 10 79 96 36 44 56 25 92 64 63 75 00 84 49 57 Dues capital, as per general ledger, . Profits capital, as per general ledger, . Unpaid dues, . 21,983 56 1,596 00 88 00 00 $156,939 56 Total, Number of shares issued during the y e a r , ............................................988 Number of shares now in f o r c e , .....................................................3,527 Number of shares now borrowed u p o n ,.....................................................987 Largest number of shares held by any one member, . . . . 25 Number of shares withdrawn during the y e a r , ................................... 667 Number of shares retired during the y e a r , ............................................102 Highest rate of premium or interest received on money sold during the year: 6 per cent. Lowest rate of premium or interest received on money sold during the year: 5 per cent. Rate of profits distributed: first term, 2 J per cent.; second term, 2 £ per cent. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $133,360 00 $156,939 56 No. 8.] SAVINGS BANK COMMISSIONERS. 45 Number of members withdrawn during the y e a r ,................................... 99 Present number of m em b ers,......................................................................... 452 Present number of borrowers,......................................................................... 138 Present number of non-borrowers, .................................................................314 Number of loans secured by first mortgage of real estate, . . • 116 Number of loans on s h a r e s , ........................................................................... 22 Largest loan to any one m e m b e r ,......................................................................$5,000 00 Smallest loan to any one m em ber,...................................................................... 20 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 1,625 00 Date of examination by commissioner : September 6 . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 46 REPORT OF THE [Pub. Doc. C IT Y C O -O P E R A T IV E BATÌK — H O L Y O K E . Incorporated July 16, 1889. Commenced business July 23, 1889. P ie r r e B onvotjloir, Secretary and Treasurer. D a n ie l P k o u l x , President. Names of security committee: John St. John, A. F. G in g r a s , V a l M o q u in . Regular meetings the fourth Tuesday of each month. B a la n c e S h e e t O ct . 31, 1901. A ssets. Loans on real estate, Loans on shares, . Temporary expense account, Unpaid interest, Unpaid fines, . . . . Cash in hands of treasurer, . L ia b il it ie s . $67,075 4,275 216 160 16 1,092 00 00 27 88 65 05 Dues capi tal , . . . . Profits capital (all series), . Interest,................................... F i n e s , ................................... Transfer fees, Withdrawal profits, Guaranty fund, Surplus, . . . . Security committee, $72,835 85 $60,794 8,359 1,545 53 69 850 1,157 7 00 00 35 09 25 02 00 64 50 $72,835 85 Detailed Statement of Receipts and Disbursements fo r the Year ending Oct. 3 1 ,1 9 0 1 . R e c e ip t s . From dues capital, . interest,. fines, . . . . transfer fees, real estate loans repaid, share loans repaid, withdrawal profits, security committee, Cash on hand Oct. 31, 1900, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis D is b u r s e m e n t s . $26,453 4,130 97 3 12,375 6,350 254 18 883 00 82 47 00 00 00 02 00 94 $50,565 25 For real estate loans, . share loans, . dues capital withdrawn, dues capital matured, profits capital withdrawn, profits capital matured, . temporary expenses, interest on m a t u r e d shares, Cash on hand Oct. 31, 1901, . $17,900 5,375 13,371 7,332 1,530 3,084 725 00 00 00 00 58 38 28 154 96 1,092 05 $50,565 25 No. 8.] SAYINGS BANK COMMISSIONERS 47 Total Amount of Loans at Specified Rates o f Interest. L oans on R eal E sta te. Amount. $67,075 00 Rate. 6 .0 0 L oans on Sh a r es. Amount. Rate. Amount. - - $4,275 00 per cent. Rate. 6 .0 0 per cent. Total Value. 4 $178 35 5 167 37 6 156 71 146 36 7 136 32 8 9 126 55 11 107 8 8 12 98 95 90 28 13 14 81 8 6 15 77 44 16 73 45 65 75 17 18 58 05 19 50 58 20 43 32 21 36 27 22 29 43 23 22 79 24 16 34 25 10 08 4 00 26 Shares in Force. Jan., 1891, . July, 1891, . Jan., 1892, . July, 1892, . Jan., 1893, . July, 1893, . July, 1894, . Jan., 1895, . July, 1895, . Jan., 1896, . April, 1896, . July, 1896, . Jan., 1897, . July, 1897, . Jan., 1898, . July, 1898, . Jan., 1899, . July, 1899, . Jan., 1900, . July, 1900, . Jan., 1901, . July, 1901, . Value per Share. D ate of I ssu e. Series. Reconciliation of Share Account with Dues and Profits Capital. 37 $6,598 1,841 2,820 439 6,679 759 863 1,385 2,347 5,648 696 440 789 3,076 3,692 1,646 7,507 5,473 3,965 5,849 5,332 1,400 11 18 3 49 6 8 14 26 69 9 6 12 53 73 38 207 186 174 358 529 350 95 07 78 08 68 30 04 30 28 34 96 70 00 65 34 16 89 98 46 72 32 00 Dues capital, as per general ledger, . Profits capital, as per general ledger, . Unpaid dues, . $60,794 00 8,359 00 339 00 ■« * Dues paid in advance, . Total, . 238 00 $69,492 00 Total, $69,492 00 Number of shares issued during the y e a r , ................................... 1,040 Number of shares now in f o r c e , .................................................... 2,236 Number of shares now borrowed u p o n ,.................................................... 523 Largest number of shares held by any one member, . . . .2 5 Number of shares withdrawn during the y e a r , ................................... 579 Number of shares matured during the y e a r ,............................................52 Highest rate of premium or interest received on money sold during the year: 6 per cent. Lowest rate of premium or interest received on money sold during the year: 6 per cent. Rate of profits distributed: first term, 3 per cent.; second term, 3 per cent. Number of members withdrawn during the y e a r ,................................... 73 Present number of m em b ers,......................................................................... 329 Present number of borrowers,........................................................................... 8 6 Present number of non-borrowers,.................................................................243 Number of loans secured by first mortgage of real estate, . . . 67 Number of loans on s h a r e s , ........................................................................... 33 Largest loan to any one m e m b e r ,......................................................................$4,000 00 Smallest loan to any one m em b er,...................................................................... 25 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 725 28 Date of examination by commissioner: February 27. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis [Pub. Doc, REPORT OF THE 48 C L IN T O N C O -O P E R A T IV E B A N K — C L IN T O N . Incorporated Sept. 23, 1887. Commenced business Oct. 20, 1887. D a n ie l B. I n g a l l s , President. W a l t e r R. D a m e , Secretary. T hom as S. D a v is , Treasurer. Names of security committee: G eorge P. F r e n c h , C h a r l e s L. S t e v e n s , H e n r y I. Ch e n e y . Regular meetings the third Thursday of each month. B a la n c e S h e e t O c t . 31, 1901. A ssets. L ia b il it ie s . $180,385 00 Loans on real estate, 7,915 00 Loans on shares, . 150 00 Permanent expense account', . 81 99 Temporary expense account, 4,980 52 Real estate by foreclosure, . 1,036 53 Unpaid interest, 11 93 Insurance account, 10,445 46 Cash in hands of treasurer, . Dues capital, Profits capital (all series), . Interest, . . . . F i n e s , ................................... Transfer fees, Withdrawal profits, Guaranty fund, Surplus, . . . . Forfeited share account, Security committee, $205,006 43 $171,632 29,136 999 42 16 1,114 2,050 5 7 00 53 38 99 25 09 98 97 74 50 $205,006 43 Detailed Statement of Receipts and Disbursements fo r the Year ending Oct. 3 1 ,1 9 0 1 . R e c e ip t s . D is b u r s e m e n t s . $54,718 00 From dues capital, . 11,542 98 interest, 496 84 fines, . . . . 4 50 transfer fees, 33,554 00 real estate loans repaid, real estate loans elimi7,010 35 nated by foreclosure, real estate loans eliminated by maturity of 700 0 0 shares, 15,800 00 share loans repaid, 2 2 0 08 withdrawal profits, forfeiture profits, . 7 85 real estate by foreclos1,855 96 ure, . . . . 78 50 security committee, 39 45 insurance account, 15,274 6 6 Cash on hand Oct. 31,1900, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $141,303 17 For real estate loans, share loans, dues capital withdrawn, dues capital forfeited, dues capital retired, dues capital matured, profits capital withdrawn, profits capital forfeited, . profits capital retired, profits capital matured, . temporary expenses, interest on matured shares, real estate by foreclosure, security committee, insurance account, . Cash on hand Oct. 31, 1901, . $56,464 14,665 16,546 197 22,356 6,588 1,811 47 5,540 2,714 801 35 00 00 00 00 00 26 32 19 24 67 131 2,872 85 37 10,445 22 50 30 46 66 $141,303 17 No. 8.] SAVINGS BANK COMMISSIONERS 49 Total Amount of Loans at Specified Bates of Interest. L oans on K eal E state. Amount. $ 1 7 8 ,6 1 0 00 975 00 6 6i Kate. Amount. per cent. “ $800 L oans on Sh a r es. 00 6| Kate. Amount. per cent. $7,915 00 Rate. 6 per cent. April, 1890, . Oct., 1890,. April, 1891,. Oct., 1891,. April, 1892,. Oct., 1892, . April, 1893,. Oct.. 1893,. April, 1894,. Oct., 1894,. April, 1895, . Oct., 1895,. April, 1896, . Oct., 1896,. April, 1897, . Oct., 1897, . April, 1898, . Oct., 1898,. April, 1899, . Oct., 1899,. April, 1900, . Oct., 1900, . April, 1901, . Oct., 1901,. 6 7 8 9 10 11 12 13 14 15 16 17 18 19 $195 183 172 162 151 141 131 121 112 103 94 20 21 22 23 24 25 26 27 28 29 86 78 70 62 54 47 40 33 26 19 13 7 41 31 29 46 41 65 76 26 74 85 82 142 90 165 204 290 226 208 299 421 524 591 564 505 37 92 81 00 51 36 48 85 58 59 83 35 10 09 32 74 37 19 21 41 80 36 10 1 00 $ 8 ,0 1 0 5,701 5,011 7,452 6,211 9,188 9,992 3,168 8,330 8,805 7,776 12,261 7,029 11,564 12,713 15,874 10,705 8,359 9,929 11,118 10,375 7,895 4,004 505 17 52 49 00 91 40 48 10 92 15 06 70 00 85 28 60 62 52 79 61 20 76 40 00 Dues capital, as per general ledger, . $171,632 00 Profits capital, as per general ledger, 29,136 53 Unpaid dues, . 1,415 00 198 00 Dues paid in advance, . Total, Total Value. Shares in Force. Series. D ate of I ssu e. Value per Share. Reconciliation of Share Account with Dues and Profits Capital. • • $202,183 53 Total, Number of shares issued during the y e a r , ................................... 1,295 Number of shares now in f o r c e , .....................................................4,825 Number of shares now borrowed upon,............................................1,148 Largest number of shares held by any one member, . . . . 25 Number of shares withdrawn during the year...........................................623 Number of shares forfeited during the y e a r ,............................................ 34 Number of shares retired during the y e a r , ............................................ 274 Number of shares matured during the year............................................... 46 Highest rate of premium or interest received on money sold during the year: 6 per cent. Lowest rate of premium or interest received on money sold during the year: 6 per cent. Rate of profits distributed: first term, 2 | per cent.; second term, 2 | per cent. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $202,183 53 50 REPORT OF THE [Pub. Doc. Number of members withdrawn during the year, . . . . .104 Present number of m em bers,......................................................................... 660 Present number of b o r r o w e r s , .................................................................164 Present number of non-borrowers,.................................................................496 Number of loans secured by first mortgage of real estate, . . . 157 Number of loans on s h a r e s , ........................................................................... 31 Largest loan to any one m e m b e r ,......................................................................$5,000 00 Smallest loan to any one m em ber,...................................................................... 50 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 801 67 Date of examination by commissioner : May 20. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] SAVINGS BANK COMMISSIONERS 51 C O L U M B IA N C O -O P E R A T IV E B A N K — C A M B R ID G E P O R T . Incorporated May 6 , 1892. Commenced business June 6 , 1892. H e r b e r t H . D y e r , Secretary and Treasurer. A l f r e d L. B a r b o u r , President. Names of security committee : C h a r l e s H. M o ntag ue , J am bs A. Dow, D ana W . H y d e , H a r r y L. L in c o ln , Levi H a w k e s. Regular meetings the first Monday of each month. B a la n c e S h e e t O ct . 31, 1901. L ia b il it ie s . A ssets. $109,152 63 Loans on real estate, 5,405 00 Loans on shares, . 6,267 95 Mortgages................................. 525 29 Unpaid interest, 11 10 Unpaid premiums, 64 20 Unpaid fi nes, . . . . 12,065 09 Cash in hands of treasurer, . Dues capital, Profits capital (all series), . Interest, . . . . Guaranty fund, . Surplus, . . . . Forfeited share account, $114,451 17,832 56 350 733 67 00 21 00 30 98 77 $133,491 26 $133,491 26 Detailed Statement of Receipts and Disbursements fo r the Year ending Oct. 3 1 ,1 9 0 1 . D is b u r s e m e n t s . R e c e ip t s . From dues capital,. interest, premiums, . fines, . . . . transfer fees, real estate loans repaid, share loans repaid, withdrawal profits, mortgage, . Cash on hand Oct. 31, 1900, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis * $34,408 6,071 55 190 12,525 4,775 388 75 13,960 00 14 82 82 25 00 00 26 00 67 $72,449 96 For real estate loans, . share loans, . dues capital withdrawn, dues capital retired, profits capitalwithdrawn, profits capital retired, . temporary expenses, permanent expenses, Cash on hand Oct. 31, 1901, $31,265 4,830 15,916 5,050 1,524 1,324 447 27 12,065 59 00 00 00 78 50 00 00 09 $72,449 96 52 REPORT OF THE [Pub. Doc. Total Amount of Loans at Specified Rates of Interest. L oans on R eal E sta te. L oans on Sh a r es. Amount. Rate. Amount. Rate. Amount. $78,540 59 12,350 00 5.00 per cent. 6 .0 0 “ $17,762 04 500 00 6.30 per cent. 6.90 $4,630 00 775 00 Rate. 5.00 per cent. “ 6 .0 0 . . . . . . . . . . . . . . . . . . . $146 136 127 117 108 99 91 82 74 23 53 06 60 65 84 27 87 83 6 6 96 59 29 51 86 44 66 38 80 31 94 25 23 18 70 12 32 6 09 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 99 80 78 18 45 37 110 68 100 123 172 155 253 64 163 233 291 315 518 Dues paid in advance, . Total, • • • • Total Value. Shares in Force. Series. D ate op I ssu e. June, 1892, Dec., 1892, June, 1893, Dec., 1893, June, 1894, Dec., 1894, June, 1895, Dec., 1895, June, 1896, Dec., 1896, June, 1897, Dec., 1897, June, 1898, Nov., 1898, May, 1899, Nov., 1899, May, 1900, Nov., 1900, May, 1901, Value per Share. Reconciliation of Share Account with Dues and Profits Capital. $14,476 10,922 9,910 2,116 4,889 3,694 10,039 5,635 7,483 8,236 10,197 8,038 11,298 2,483 5,206 5,878 5,441 3,880 3,154 77 40 218 00 68 80 25 08 70 16 00 08 Dues capital, as per general ledger, . Profits capital, as per general ledger, Unpaid dues, . $114,451 00 17,832 21 919 00 88 30 98 20 22 59 70 80 62 $133,202 21 Total, $133,202 2Ì Number of shares issued during the y e a r , ............................................908 Number of shares now in f o r c e , .....................................................2,922 Number of shares now borrowed u p o n ,................................................... 674 Largest number of shares held by any one member, . . . . 25 Number of shares withdrawn during the y e a r , ................................... 527 Number of shares retired during the y e a r , ............................................50 Highest rate of premium or interest received on money sold during the year: 6 per cent. Lowest rate of premium or interest received on money sold during the year: 5 per cent. Rate of profits distributed: first term, 2^ per cent.; second term, 2^ per cent. Number of members withdrawn during the y e a r ,................................... 49 Present number of m em b ers,.........................................................................385 Present number of borrowers,........................................................................... 71 Present number of non-borrowers...................................................................314 Number of loans secured by first mortgage of real estate, . . . 59 Number of loans on s h a r e s , ........................................................................... 26 Largest loan to any one m e m b e r ,......................................................................$5,000 00 Smallest loan to any one m em ber,...................................................................... 50 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 474 00 Date of examination by commissioner : May 27. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] SAYINGS BANK COMMISSIONERS 53 D A N V E R S C O -O P E R A T IV E B A N K — D A N V E R S . Incorporated Aug. 22, 1892. Commenced business Aug. 29, 1892. H. M. W il k in s , Secretary and Treasurer. S a m u e l L. S a w y e r , President. Names of security committee : S a m u e l L. S a w y e r , M. C. P e t t in g e l l . H enry N ew hall, Regular meetings the last Monday of each month. B a lan c e S h e e t O c t . 31, 1901. A ssets. Loans on real estate, Loans on shares, . Permanent expense account, Temporary expense account, Real estate by foreclosure, . Unpaid interest, Unpaid premiums, Unpaid fi nes, . . . . Cash in hands of treasurer, . L ia b il it ie s . $44,190 00 4,400 00 1 1 0 00 69 11,797 565 28 75 4,060 74 42 95 20 82 79 Dues capital, Profits capital (all series), . Interest, . . . . Premiums, . . . . F in e s ,................................... Withdrawal profits, . Guaranty fund, . Surplus, . . . . $65,297 92 $53,243 10,894 812 46 31 180 75 15 00 16 15 49 55 42 00 15 $65,297 92 Detailed Statement of Receipts and Disbursements for the Year ending Oct. 3 2 , 1 9 0 1 . D is b u r s e m e n t s . R e c e ip t s . From dues capital,. $12,278 00 3,242 40 interest, 189 26 premiums, . fines, . . . . 271 12 25 transfer fees, 11,460 00 real estate loans repaid, real estate loans elimi4,800 00 „ nated by foreclosure, 350 00 share loans repaid, 442 29 withdrawal profits, 18 92 forfeiture profits, . 299 92 forfeited shares, . real estate by foreelos1,084 93 ure, . . . . rents, . . . . 371 35 7 00 profits capital, Cash on hand Oct. 31, 1900, . 1,811 26 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $36,626 70 For real estate loans, . share loans, . dues capital withdrawn, dues capital forfeited, . profits capital withdrawn, profits capital forfeited,. temporary expenses, forfeited shares, real estate by foreclosure, surplus, . . . . Cash on hand Oct. 31, 1901,. $5,000 1.425 15,792 572 3,128 75 444 299 5,811 17 4,060 00 00 00 00 13 66 43 92 77 00 79 $36,626 70 54 REPORT OF THE [Pub. Doc Total Amount of Loans at Specified Rates of Interest. L oans on R ea l E sta te. Amount. Rate. L oans on Sha k es. Amount. Rate. Amount. Rate. 6.60 per cent. 6.90 $4,400 00 6.30 per cent. 1 $ 2 ,0 0 0 00 40,190 00 6 .0 0 6.30 per cent, « $ 1 ,0 0 0 00 1 ,0 0 0 0 0 Dues paid in advance, . Total, • 47 55 79 38 24 37 76 40 28 39 74 31 10 10 30 69 29 07 00 Total Value. $144 134 3 124 4 115 5 106 6 97 88 7 8 80 9 72 10 64 11 56 12 49 13 42 14 35 15 28 16 21 15 17 18 9 19 3 1 2 Shares in Force. Aug., 1892, . Feb., 1893, . Aug., 1893, . Feb., 1894, . Aug., 1894,. Feb., 1895, . Aug., 1895, . Feb., 1896, . Aug., 1896, . Feb., 1897, . Aug., 1897, . Feb., 1898, . Aug., 1898, . Feb., 1899, . Aug., 1899, . Feb., 1900, . Aug., 1900, . Feb., 1901, . Aug., 1901, . Series. D ate of I ssu e. Value per Share. Reconciliation of Share Account with Dues and Profits Capital. 89 $12,857 13,455 1,871 3,807 3,718 5,355 1,331 2,251 3,324 4,893 2,950 1,676 1,305 1,017 1,924 1,366 351 843 363 100 15 33 35 55 15 28 46 76 52 34 31 29 68 63 23 93 121 83 00 85 54 40 35 40 20 Dues capital, as per general ledger, . Profits capital, as per general ledger, . Unpaid dues, . 10,894 16 581 00 88 64 48 54 10 90 40 47 67 51 00 52 00 $64,718 16 Total, Number of shares issued during the year, 219 Number of shares now in force, . . . . 1,006 Number of shares now borrowed upon, . 351 Largest number of shares held by any one member, 25 Number of shares withdrawn during the year, 391 Number of shares forfeited during the year, . 10 Highest rate of premium or interest received on money sold during the year: 5 cents premium. Lowest rate of premium or interest received on money sold during the year: 6 per cent. Rate of profits distributed: first term, 3 per cent.; second term, 2 per cent. Number of members withdrawn during the y e a r ,................................... 47 Present number of m em b ers,............................................ 170 Present number of b o r r o w e r s , ................................... 54 Present number of non-borrowers,................................... 116 Number of loans secured by first mortgage of real estate, 40 Number of loans on s h a r e s , ............................................ 20 Largest loan to any one m e m b e r ,................................... Smallest loan to any one m em ber,................................... Amount of expenses of the corporation for the year ending Oct. 31, 1901, Date of examination by commissioner: January 7. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $53,243 00 $64,718 16 $4,000 0 0 50 00 444 43 No. 8.] SAYINGS BANK COMMISSIONERS 55 D E A N C O -O P E R A T IV E B A N K —F R A N K L IN . Incorporated June 15,1889. G eorge W. W ig g in , President. Commenced business July 2, 1889. O r e st e s T. D oe, Secretary and Treasurer. Names of security committee: J o seph T. H u t c h in so n . E l is h a P. C h a p m a n , Regular meetings the first Tuesday of each month. B a la n c e S h e e t O ct . 31, 1901. L ia b il it ie s . A ssets. $34,500 00 Loans on real estate, 2 ,0 1 0 0 0 Loans on shares, . 62 49 Temporary expense account, 8 ,0 0 0 00 Town note................................. Cash in hands of treasurer, . . 2,439 38 Dues capital, . . . . Profits capital (all series), . Interest,................................... Premiums, . . . . F i n e s , ................................... Withdrawal profits, Guaranty fund, Surplus,................................... $39,044 4,926 671 42 18 37 580 1,692 00 16 35 04 26 52 00 54 $47,011 87 $47,011 87 Detailed Statement of Receipts and Disbursements fo r the Year ending Oct. 3 1 ,1 9 0 1 . D is b u r s e m e n t s . R e c e ip t s . $11,792 00 From dues capital,. 2,286 45 interest, 148 96 premiums, . 6 8 13 fines, . . . . 13,500 00 real estate loans repaid, 2,500 00 share loans repaid, 108 67 withdrawal profits, 3,548 62 Cash on hand Oct. 31, 1900, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $33,952 83 For real estate loans, . share loans, . dues capital withdrawn, dues capital retired, profits capital withdrawn, profits capital retired, temporary expenses, town note, Cash on hand Oct. 31, 1901, . $5,400 2,050 8,351 7,374 1,311 2,796 230 4,000 2,439 00 00 00 00 35 93 17 00 38 $33,952 83 56 [Pub. Doc REPORT OF THE Total Amount of Loans at Specified Rates of Interest. L oans on R eal E st a t e . Amount. $6,150 00 Rate. 6 .0 0 per cent. L oans on Sha k es. Amount. Rate. Amount. $28,350 00 6.50 per cent. $1,675 00 335 00 Rate. 6 .0 0 6.50 per cent. “ Jan., July, Jan., July, Jan., July, Jan., July, Jan., July, Jan., July, Jan., July, Jan., July, Jan., July, Jan., July, Jan., July, 1891, . 1891, . 1892, . 1892, . 1893, . 1893, . 1894, . 1894, . 1895,. 1895, . 1896, . 1896, . 1897, . 1897, . 1898, . 1898, . 1899, . 1899, . 1900, . 1900, . 1901, . 1901, . 5 $174 24 163 62 6 153 28 7 143 18 8 133 31 9 10 123 87 11 114 67 12 105 71 13 97 00 14 8 8 55 80 35 15 72 40 16 64 69 17 18 57 17 49 90 19 42 82 20 21 35 94 22 29 23 22 69 23 24 16 31 10 08 25 4 00 26 1 7 10 11 26 8 10 13 3 20 13 44 77 50 80 78 130 108 76 69 78 12 Dues paid in advance, . Total, • • Total Value. Value per Share. Series. D ate op I ssu e. Shares in Force. Reconciliation of Share Account roith Dues and Profits Capital. $174 1,145 1,532 1,574 3,466 990 1,146 1,374 291 1,771 1,044 3,185 4,981 2,858 3,992 3,339 4,672 3,156 1,724 1,125 786 48 24 34 80 98 06 96 70 23 00 Dues capital, as per general ledger, . Profits capital, as per general ledger, . Unpaid dues, . $39,044 00 4,926 16 432 00 1 00 55 60 13 50 00 96 20 84 44 39 24 00 20 00 • $44,402 16 Total, $44,402 16 Number of shares issued during the y e a r , ............................................121 Number of shares now in f o r c e , ............................................................. 924 Number of shares now borrowed u p o n ,.....................................................273 Largest number of shares held by any one member................................. 25 Number of shares withdrawn during the y e a r , ................................... 265 Number of shares retired during the y e a r , ............................................51 Highest rate of premium or interest received on money sold during the year: 6 per cent. Lowest rate of premium or interest received on money sold during the year: 6 per cent. Rate of profits distributed : first term, 2 J per cent. ; second term, 2 £ per cent. Number of members withdrawn during the y e a r ,................................... 34 Present number of m em b ers,......................................................................... 108 Present number of borrowers,........................................................................... 31 Present number of non-borrowers,.................................................................. 77 Number of loans secured by first'mortgage of real estate, . . . 30 Number of loans on s h a r e s , ............................................................................15 Largest loan to any one m e m b e r ,...................................................................... $4,700 00 Smallest loan to any one m em ber,...................................................................... 50 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 230 17 Date of examination by commissioner : February 4. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] SAYINGS BANK COMMISSIONEKS 57 D E D H A M C O -O P E R A T IV E B A N K — D E D H A M . Incorporated Feb. II, 1886. Commenced business Feb. 16, 1886. F . H . V a l e n t in e , Secretary. T. P. M u r r a y , Treasurer. F . F . F avor , President. Names of security committee : J. W a r d l e , Jr., 0 . W . W i t h in g t o n , W . A . F ales. Regular meetings the third Tuesday of each month. B a l a n c e S h e e t O ct . 31, 1901. A ssets. Loans on real estate, Loans on shares, . Unpaid interest, Unpaid premiums,. Unpaid fines, . . . Cash in hands of treasurer, . L ia b il it ie s . $60,690 5,220 59 3 7 1,940 00 00 76 10 96 32 Dues capital, . . . . Profits capital (all series), Guaranty fund, Surplus, . . . . . $67,921 14 $56,614 00 9,188 6 6 450 23 1,668 25 $67,921 14 Detailed Statement of Receipts and Disbursements for the Year ending Oct. 3 1 ,1 9 0 1 . R e c e ip t s . From dues capital,. interest, premiums, . fines, . . . . real estate loans repaid, real estate loans eliminated by maturity of shares, share loans repaid, withdrawal profits, Cash on hand Oct. 31, 1900, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis D is b u r s e m e n t s . $20,249 00 3,843 00 204 12 6 8 55 6 ,0 0 0 0 0 1 ,2 0 0 0 0 1,870 0 0 260 96 3,189 88 $36,885 51 For real estate loans, share loans, . dues capital withdrawn, dues capital retired, dues capital matured, profits capital withdrawn, profits capital retired, profits capital matured, . temporary expenses, interest on m a t u r e d shares, . . . . Cash on hand Oct. 31, 1901, . $11,425 3,705 10,588 4,858 846 1,340 1,427 359 383 00 00 00 00 00 82 70 64 67 11 36 1,940 32 $36,885 51 58 [Pub. Doc REPORT OF THE Total Amount of Loans at Specified Rates of Interest. L oans on R ea l E sta te. Amount. Rate. $60,690 00 6.30 per cent. L oans on Sha k es. Amount. Rate. Amount. Rate. $3,900 00 700 00 125 00 6.30 per cent. 6.40 “ 6.50 6.60 “ 6.80 “ 7 .0 0 « 7.10 » 8.60 “ 100 00 75 00 120 00 150 00 50 00 . . . . . . . . . . . . . . . . . . . . . . 10 11 12 13 14 15 16 18 19 20 21 22 $197 186 174 163 153 142 132 113 104 95 86 78 69 61 54 46 39 32 25 18 12 23 24 25 26 • 27 28 29 30 31 32 5 9 94 26 92 91 21 83 75 46 23 27 57 13 93 97 24 74 46 39 52 85 38 10 2 8 9 7 22 19 69 48 98 39 57, 98 94 101 118 115 256 127 302 6 10 Dues paid in advance, . Total, • $989 1,676 1,749 327 1,225 1,285 929 2,496 1,980 6,573 4,155 7,656 2,727 3,532 5,315 4,393 3,985 3,822 2,934 4,825 1,572 1,842 70 34 20 82 68 47 25 12 37 63 36 74 27 29 52 56 46 02 80 60 26 20 Dues capital, as per general ledger, . Profits capital, as per general ledger, . Unpaid dues, . • $66,015 66 Total, Number of shares issued during the y e a r , ...........................................517 Number of shares now in f o r c e , .................................................... 1,613 Number of shares now borrowed u p o n ,.................................................... 528 Largest number of shares held by any one member, . . . . 25 Number of shares withdrawn during the y e a r , ................................... 431 Number of shares retired during the y e a r , ............................................ 49 Number of shares matured during the y e a r ,............................................ 6 Highest rate of premium or interest received on money sold during the year: 8 6 - 1 0 per cent. Lowest rate of premium or interest received on money sold during the year: 6 3-10 per cent. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $56,614 00 9,188 6 6 213 00 19 00 . • Total Value. Shares in Force. Series. Date of I ssu e. May, 1890, Nov., 1890, May, 1891, Nov., 1891, May, 1892, Nov., 1892, May, 1893, May, 1894, Nov , 1894, May, 1895, Nov., 1895, May, 1896, Nov., 1896, May, 1897, Nov., 1897, May, 1898, Nov., 1898, May, 1899, Nov., 1899, May, 1900, Nov., 1900, May, 1901, Value per Share. Reconciliation of Share Account with Dues and Profits Capital. $66,015 66 No. 8.] SAYINGS BANK COMMISSIONERS. 59 Rate of profits distributed : first term, 3 per cent. ; second term, 3 per cent. Number of members withdrawn during the y e a r ,................................... 44 Present number of m em b ers,......................................................................... 227 Present number of borrowers,........................................................................... 75 Present number of non-borrowers....................................................................152 Number of loans secured by first mortgage of real estate, . . . 64 Number of loans on s h a r e s , ...........................................................................38 Largest loan to any one m e m b e r ,......................................................................$3,000 00 Smallest loan to any one member,...................................................................... 25 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 383 67 Date of examination by commissioner : September 9. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis REPORT OF THE 60 [Pub. Doe. D O R C H E S T E R C O -O P E R A T IV E B A N K — D O R C H E S T E R . Incorporated Aug. 21, 1890. Commenced business Sept. 10, 1890. A mor L. H o ll in g sw o r th , President. W il l ia m H . K e n n e d y , Secretary. F r e d e r ic k W . P orter , Treasurer. Names of security committee: S a m u e l Ga n n e t t , L a b a n P r att , R obert D . M o ssm an , D u d l e y T a lb o t , J. H om er P ie r c e . Regular meetings the second Wednesday of each month. B a l a n c e S h e e t O ct . 31, 1901. A ssets. L ia b il it ie s . Loans on real estate, $158,025 00 Loans on shares, . 9,395 00 Permanent expense account, . 28 15 Temporary expense account, 51 50 Real estate by foreclosure, 3,576 82 Cash in hands of treasurer, . 24,330 77 Dues capi tal , . . . . $162,984 00 Profits capital (all series), . 29,091 24 Interest,................................... 1,551 28 Premiums, . . . . 75 99 Fines......................................... 71 55 Withdrawal profits, 97 46 Guaranty fund, 1,029 46 Surplus,................................... 473 95 14 39 Forfeited share account, Profit and loss account, 17 92 $195,407 24 $195,407 24 Detailed Statement of Receipts and Disbursements for the Year endinq Oct. 3 1 ,1 9 0 1 . R e c e ip t s . From dues capital,. interest, premiums, . fines, . . . . transfer fees, real estate loans repaid, real estate loans eliminated by foreclosure, share loans repaid, withdrawal profits, forfeiture profits, . forfeited shares, . profits capital, rent, . . . . Cash on hand Oct. 31, 1900, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis D is b u r s e m e n t s . $45,904 8,891 432 368 1 17,600 00 27 92 93 25 00 3.400 00 2,446 00 343 77 45 80 00 18 19 9 45 9,706 87 $89,203 10 For real estate loans, share loans, . dues capital withdrawn, dues capital forfeited, dues capital retired, profits capital withdrawn, profits capital forfeited, . profits capital retired, temporary expenses, forfeited shares, real estate by foreclosure, Cash on hand Oct. 31, 1901, . $23,950 5,686 13,153 80 14,000 1,393 00 00 00 00 00 16 80 2,087 50 864 05 80 0 0 3,576 82 24,330 77 1 $89,203 10 No. 8.] 61 SAVINGS BANK COMMISSIONERS. Total Amount of Loans at Specified Bates of Interest. L oans on Sh a k es. L oans on R ea l E sta te. Amount. $11,900 00 5.00 per cent. $146,125 00 Rate. Amount. Rate. Amount. Rate. 6.30 per cent. $9,395 00 6.30 per cent. Sept., 1890, . Mar., 1891, . Sept., 1891, . Mar., 1892, . Sept., 1892, . Mar., 1893, . Sept., 1893, . Mar., 1894, . Sept., 1894, . Mar., 1895, . Sept., 1895, . Mar., 1896, . Sept., 1896, . Mar., 1897, . Sept., 1897, . Mar., 1898, . Sept., 1898, . Mar., 1899, . Sept., 1899, . Mar., 1900, . Sept., 1900, . Mar., 1901, . Sept., 1901, . 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 $186 175 164 153 143 133 123 114 105 96 87 79 71 63 55 48 41 34 27 20 14 76 85 16 80 35 61 47 34 44 103 80 58 33 28 41 84 51 57 89 47 34 47 87 49 39 49 80 37 17 17 37 77 35 09 86 236 307 239 231 396 447 445 402 236 8 2 00 23 222 Suspense dues, Dues paid in advance, . Total, • • Total Value. Shares in Force. Series. D ate of I ssu e. Value per Share. Beconciliation of Share Account with Dues and Profits Capital. $14,161 14,898 2,630 12,307 5,022 8,147 5,822 3,891 4,634 9,936 7,029 4,610 6.139 14,983 17,130 11,560 9,510 13,531 12,234 9,242 5,768 1,909 444 08 80 56 20 85 77 83 98 96 41 60 42 54 64 60 43 27 32 39 65 70 24 00 Dues capital, as per gen$162,984 00 eral ledger, . Profits capital, as per 29,091 24 general ledger, . 3,791 00 Unpaid dues, . 1 00 316 00 • • $195,866 24 Total, Number of shares issued during the y e a r , ............................................579 Number of shares now in f o r c e , .....................................................3,966 Number of shares now borrowed u p o n ,.....................................................990 Largest number of shares held by any one member, . . . . 25 Number of shares withdrawn during the year.......................................... 536 Number of shares forfeited during the y e a r ,............................................20 Number of shares retired during the y e a r , ................................... ........ 250 Highest rate of premium or interest received on money sold during the year: 5 cents premium. Lowest rate of premium or interest received on money sold during the year: 5 per cent. Rate of profits distributed: first term, 2 | per cent.; second term, 2 f per cent. Number of members withdrawn during the y e a r ,................................... 72 Present number of m em b ers,......................................................................472 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $195,866 24 62 REPORT OF THE [Pub. Doc. Present number of borrowers,........................................................................... 97 Present number of non-borrowers,................................................................ 375 Number of loans secured by first mortgage of real estate, . . . 82 Number of loans on s h a r e s , ........................................................................... 15 Largest loan to any one m e m b e r ,......................................................................$5,000 00 Smallest loan to any one member,...................................................................... 25 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 892 05 Date of examination by commissioner : April 5. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] SAYINGS BANK COMMISSIONERS. 63 EC O N O M Y C O -O P E R A T IV E B A N K — M E R R IM A C . Incorporated July 26, 1889. Commenced business Aug. 12, 1889. B a il e y S a r g e n t , Secretary and Treasurer. G eorge G. L a r k in , President. Names of security committee: F r e d B . J u d k in s , R obert 0 . P a t t e n , D. W a r r e n G o u l d . Regular meetings the second Monday of each month. B a l a n c e S h e e t O c t . 31, 1901. A ssets. Loans on real estate, Loans on shares, . Temporary expense account, Real estate by foreclosure, . Unpaid interest, Unpaid premiums,. Unpaid fines, . . . . Cash in hands of treasurer, . L ia b il it ie s . $29,263 1,305 49 4,640 323 17 27 226 00 00 31 33 10 30 42 15 Dues capital, . . . . Profits capital (all series), . Interest, . . . . Premiums, . . . . Fines......................................... Transfer fees, Withdrawal profits, . , Forfeiture profits, . Guaranty fund, Surplus, . . . . $35,851 61 $28,629 5,046 611 31 38 00 25 15 95 42 25 40 64 6 09 381 00 1,066 8 6 $35,851 61 Detailed Statement of Receipts and Disbursements for the Year ending Oct. 3 1 ,1 9 0 1 . R e c e ip t s . From dues capital, interest, premiums, . fines, . . . . transfer fees, real estate loans repaid, real estate loans eliminated by foreclosure, share loans repaid, withdrawal profits, forfeiture profits, . real estate by foreclosure, . . . . Cash on hand Oct. 31, 1900, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis D is b u r s e m e n t s . $6,591 00 2,159 39 111 30 1 0 2 80 50 2,250 00 1 ,0 0 0 0 0 585 00 43 84 6 09 For real estate loans, . share loans, . dues capital withdrawn, dues capital forfeited, dues capital retired, profits capital withdrawn, profits capital forfeited, . profits capital retired, temporary expenses, real estate by foreclosure, Cash on hand Oct. 31, 1901, . $3,100 885 2,631 195 5,737 438 60 1,669 173 1,157 226 00 00 00 00 00 17 90 96 60 25 15 274 17 3,149 94 $16,274 03 $16,274 03 64 REPORT OF THE [Pub. Doc. Total Amount of Loans at Specified Rates of Interest. L oans on R eal E state. * L o a n s o n Sh a r e s . Amount. Rate. Amount. Rate. Amount. Rate. $29,263 00 6.30 per cent. - - $1,305 00 6.30 per cent. $193 171 160 150 140 131 121 112 104 95 87 79 71 63 56 48 41 35 28 21 15 9 3 Suspense profits, Dues paid in advance, . Total, • 40 42 90 71 84 22 89 84 07 51 18 13 30 67 23 98 90 01 29 73 33 09 00 T otal V alue. 2 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 Shares in Force. Feb., 1 8 9 0 , . Feb., 1 8 9 1 , . Aug., 1 8 9 1 , . Feb., 1 8 9 2 , . Aug., 1 8 9 2 , . Feb., 1 8 9 3 , . Aug., 1 8 9 3 , . Feb., 1 8 9 4 , . Aug., 1 8 9 4 , . Feb., 1 8 9 5 , . Aug., 1 8 9 5 , . Feb., 1 8 9 6 , . Aug., 1 8 9 6 , . Feb., 1 8 9 7 , . Aug., 1 8 9 7 , . Feb., 1 8 9 8 , . Aug., 1 8 9 8 , . Feb., 1 8 9 9 , . Aug., 1 8 9 9 , . Feb., 1 9 0 0 , . Aug., 1 9 0 0 , . Feb , 1 9 0 1 , . Aug., 1 9 0 1 , . V alue per Share. D ate op I ssu e. Series. Reconciliation of Share Account with Dues and Profits Capital. 1 17 6 2 13 9 29 8 36 35 21 23 29 41 14 27 26 38 32 33 17 30 35 $193 2 ,9 1 4 965 301 1 ,8 3 0 1 ,1 8 0 3 ,5 3 4 902 3 ,7 4 6 3 ,3 4 2 1 ,8 3 0 1 ,8 1 9 2 ,0 6 7 2 ,6 1 0 787 1 ,3 2 2 1 ,0 8 9 1 ,3 3 0 905 717 260 272 105 40 14 40 42 92 98 81 72 52 85 78 99 70 47 22 46 40 38 28 09 61 70 00 Dues capital, as per general ledger, . Profits capital, as per general ledger, . Unpaid dues, . 5 ,0 4 6 2 5 372 00 01 15 0 0 $ 3 4 ,0 4 7 2 5 Total, Number of shares issued during the y e a r , ............................................67 Number of shares now in force..................................................................... 522 Number of shares now borrowed u p o n ,.....................................................199 Largest number of shares held by any one member, . . . . 25 Number of shares withdrawn during the y e a r , ................................... 51 Number of shares forfeited during the year............................................... 5 Number of shares retired during the y e a r , ............................................ 51 Highest rate of premium or interest received on money sold during the year: 5 cents premium. Lowest rate of premium or interest received on money sold during the year: 5 cents premium. Rate of profits distributed: first term, ‘I f per cent.; second term, ‘I f per cent. Number of members withdrawn during the year, . . . . .1 6 Present number of members..........................................................................114 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $ 2 8 ,6 2 9 0 0 $ 3 4 ,0 4 7 2 5 No. 8.] SAYINGS BANK COMMISSIONERS. 65 Present number of borrowers,...........................................................................46 Present number of non-borrowers,.................................................................. 6 8 Number of loans secured by first mortgage of real estate, . . . 41 Number of loans on s h a r e s , ............................................................................. 5 Largest loan to any one m e m b e r ,...................................................................... $3,500 00 Smallest loan to any one m em ber,...................................................................... 100 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 173 60 Date of examination by commissioner : February 15. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis REPOET OF THE 66 [Pub. Doc, E N T E R P R IS E C O -O P E R A T IV E B A N K — E A S T B O ST O N . Incorporated March 31, 1888. Commenced business April 3, 1888. H orace B . B u t l e r , Secretary and Treasurer. C h a r l e s T. W it t , President. Names of security committee: C h a r l e s T. W it t , W il l ia m G. E m e r y , H orace B . B u t l e r . Regular meetings the third Wednesday of each month. B a l a n c e S h e e t O ct . 31, 1901. A ssets. L ia b il it ie s . Loans on real estate, $341,475 00 Loans on shares, 15,825 00 Permanent expense account,. 209 48 Real estate by foreclosure, 13,190 87 Unpaid premiums,. 28 75 Unpaid fines, . . . . 115 06 Cash in hands of treasurer, . 5,389 94 Dues capi tal, . . . . $312,928 00 Profits capital (all series), . 55,602 31 Interest, . . . . 49 77 Transfer fees, 1 25 Withdrawal profits, 210 03 Guaranty fund, 4,700 00 Surplus,................................... 2,550 8 8 Forfeited share account, 191 8 6 $376,234 10 $376,234 10 Detailed Statement of Receipts and Disbursements fo r the Year ending Oct. 3 1 ,1 9 0 1 . R e c e ip t s . D is b u r s e m e n t s . From dues capital,. $80,939 00 interest, 18,387 52 premiums, . 477 35 fines, . . . . 710 91 transfer fees, 8 75 real estate loans repaid, 45,950 00 real estate loans eliminated by foreclosure, 5,600 00 real estate loans eliminated by maturity of shares, 4,000 00 share loans repaid, 13,575 00 withdrawal profits, 787 49 forfeiture profits, . 41 44 forfeited shares, . 850 98 real estate by foreclosure, . . . . 7,439 91 personal accounts, 90 00 retired share account, . 8,096 89 matured share account, 4,005 00 Cash on hand Oct. 31, 1900, . 13,979 03 For real estate loans, . $100,650 00 share loans, . 13,350 00 dues capital withdrawn, 39,289 00 dues capital forfeited, 760 0 0 dues capital retired, 6,172 0 0 dues capital matured, 2,820 0 0 profits capital withdrawn, 8 ,2 1 1 61 profits capital forfeited, . 139 43 profits capital retired, . 1,924 89 profits capital matured, . 1,185 00 temporary expenses, 2,049 71 forfeited shares, 850 98 real estate by foreclosure, 7,961 14 personal accounts, . 98 70 retired share account, . 8,927 85 matured share account, . 4,005 00 surplus, . . . . 1,154 02 Cash on hand Oct. 31,1901, . 5,389 94 $204,939 27 $204,939 27 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] 67 SAYINGS BANK COMMISSIONERS Total Amount of Loans at Specified Bates of Interest. L oans on Sha k es. L oans on R eal E sta te. $244,825 00 2 2 ,2 0 0 00 58,000 00 7,150 00 Amount. Rate. 5.00 per cent. 5.25 “ 6.30 “ 6.60 $3,700 00 3.000 00 6.90 per cent. 7 .2 0 “ 7.50 “ 7.80 “ 2 .0 0 0 0 0 600 0 0 Rate. Amount. Rate. Amount. $ 1 1 ,1 0 0 00 200 00 2,925 00 1,600 0 0 5.00 per cent. 5.25 “ 6 .0 0 “ 6.30 “ April, 1891,. Oct., 1891, . April, 1892, Oct., 1892, . April, 1893,. Oct., 1893, . April, 1894,. Oct., 1894,. April, 1H95,. Oct., 1895, . April, 1896, . Oct., 1896,. April, 1897,. Oct., 1897,. April, 1898,. Oct., 1898, . April, 1899,. Oct., 1899, . April, 1900, . Oct, 1900,. April, 1901,. Oct., 1901,. 7 $174 163 152 142 10 132 11 122 12 13 112 103 14 15 95 16 86 78 17 70 18 19 62 20 54 21 47 40 22 33 23 26 24 25 19 13 26 7 27 1 28 8 9 14 12 40 04 01 33 97 Total Value. Shares in Force. Value per Share. Date o r Issu e. Series. Reconciliation of Share Account with Dues and Profits Capital. 25 63 97 120 180 170 322 340 88 05 46 15 09 24 63 24 06 10 33 75 33 09 212 242 153 231 440 297 459 413 580 435 835 401 753 287 00 $4,353 10,276 14.782 17,044 23,761 20,796 36,376 35,319 20,150 20,923 11,956 16,190 27,385 16,225 21,683 16,544 19,198 11,453 16,491 5,345 5,338 287 50 56 80 80 80 10 34 20 60 32 95 79 60 11 16 78 00 55 25 33 77 00 Dues capital, as per general ledger, . Profits capital, as per general ledger, . Unpaid dues, . $312,928 00 55,602 31 3,659 00 ---------------------?----304 00 Dues paid in advance, . Total, • • $372,189 31 Total, Number of shares issued during the y e a r , ................................... 1,183 Number of shares now in f o r c e , .....................................................7,055 Number of shares now borrowed u p o n ,............................................2,328 Largest number of shares held by any one member, . . . . 25 Number of shares withdrawn during the y e a r , ................................... 814 Number of shares forfeited during the y e a r ,............................................33 Number of shares retired during the y e a r , ............................................57 Number of shares matured during the year................................................20 Highest rate of premium or interest received on money sold during the year: 6 per cent. Lowest rate of premium or interest received on money sold during the year: 5 per cent. Rate of profits distributed: first term, 2 | per cent.; second term, 2£ per cent. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $372,189 31 [Pub. Doc. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis o Number of members withdrawn during the year, . . . . . 95 Present number of m em b ers,..................................................... . 808 Present number of borrowers,..................................................... . 209 Present number of non-borrowers....................................................... . 599 Number of loans secured by first mortgage of real estate, . 181 Number of loans on s h a r e s , ............................................ . 95 Largest loan to any one m e m b e r ,..................................................... Smallest loan to any one m em ber,..................................................... Amount of expenses of the corporation for the year ending Oct. 31, 1901, . Date of examination by commissioner : September 5. © o REPORT OF THE zjx 68 00 00 2,049 71 No. 8.] SAVINGS BANK COMMISSIONERS 69 E Q U IT A B L E C O -O P E R A T IV E B A N K — L Y N N . Incorporated Oct. 2, 1877. Commenced business Oct. 8 , 1877. E d w in C. L e w is , Secretary and Treasurer. J a m e s H . R ic h a r d s , President. Names of security committee: T hom as E . W a r d , J am e s H . R ic h a r d s , E d w in N . H a in e s . Regular meetings the first Monday of each month. B a la n c e S h e e t O ct . 31, 1901. L ia b il it ie s . A ssets. Loans on real estate, $405,376 13 15,301 00 Loans on shares, . 428 43 Permanent expense account,. 152 99 Temporary expense account, 12,376 33 Real estate by foreclosure, . Unpaid interest, 2,142 46 R e n t , ................................... 184 92 24,214 95 Cash in hands of treasurer, . Dues capital, Profits capital (all series), . Interest, . . . . P i n e s , ................................... Guaranty fund, . Surplus, . . . . Forfeited share account, $382,329 61,676 2,078 60 2,766 11,213 53 00 52 77 37 00 30 25 $460,177 21 $460,177 21 Detailed Statement of Receipts and Disbursements fo r the Year ending Oct. 3 1 ,1 9 0 1 . D is b u r s e m e n t s . R e c e ip t s . $122,505 00 From dues capital,. 22,749 69 interest, fines, . . . . 685 56 real estate loans repaid, 66,555 42 real estate loans elimi2,900 00 nated by foreclosure, share loans repaid, 14,163 00 real estate by foreclos4,034 20 ure, . . . . 684 13 rent, . . . . 1,500 00 mortgage, -. 10,316 49 Cash on hand Oct. 31, 1900, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $246,093 49 For real estate loans, . share loans, . dues capital withdrawn, dues capital retired, dues capital matured, . profits capital withdrawn, profits capital retired, profits capital matured, . temporary expenses, forfeited shares, interest on retired shares, interest on matured shares, . . . . real estate by foreclosure, surplus.............................. rent, . . . . Cash on hand Oct. 31, 1901, . $86,277 40 15,325 00 62,165 00 2 1 ,0 0 1 0 0 11,745 10,328 4,748 4,497 1,760 3 290 00 34 80 93 49 24 78 83 3,035 172 444 24,214 28 13 75 40 95 $246,093 49 70 REPORT OF THE [Pub. Doc Total Amount of Loans at Specified Rates of Interest. L oans on R eal E state. A m o u n t. $120,063 9,050 97,758 74,574 48,140 26,895 950 3,550 00 00 80 48 00 00 00 00 R a te . A m o u n t. 5.00 per cent. 5è 5.25 “ 5.50 “ 5.75 “ 6 .0 0 6.06 “ “ 6 .1 2 L oans on Sh a k es. $4,800 3.000 3,432 8,062 750 3,350 R a te . 00 00 85 00 00 00 1 .0 0 0 0 0 A m o u n t. 6.18 per cent. 6.24 “ 6.25 “ 6.30 “ 6.42 “ 6.48 “ 6.78 “ $2,593 4,394 5,324 2,252 408 330 00 00 00 00 00 00 R a te . 5.00 per cent. 5.25 5.50 “ 5.75 “ 6 .0 0 “ 6.25 $ 2 0 0 02 188 177 167 157 147 137 128 118 110 101 93 84 76 69 61 54 46 39 32 26 19 13 7 • 00 89 04 44 06 88 90 12 53 12 89 84 96 25 70 31 08 1 00 Dues paid in advance, . Total, 77 85 30 06 08 39 • • Total Value. 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 Shares in Force. Oct., 1889,. April, 1890,. Oct., 1890, . April, 1891, . Oct., 1891,. April, 1892, . Oct., 1892, . April, 1893, . Oct., 1893, . April, 1894,. Oct., 1894,. April, 1895,. Oct., 1895,. April, 1896,. Oct., 1896, . April, 1897,. Oct., 1897, . April, 1898,. Oct., 1898, . April, 1899,. Oct., 1899,. April, 1900, . Oct., 1900, . April, 1901,. Oct., 1901,. Value per Share. D ate op I ssu e. Series. Reconciliation of Share Account with Dues and Profits Capital. 57 $11,401 14 81 15,290 37 93 16,540 05 19,574 10 117 119 18,690 14 20,149 96 137 165 22,669 35 125 16,000 0 0 144 17,120 16 156 17,166 24 232 23,534 08 96 8,933 76 170 14,429 60 245 18,840 50 104 7,188 48 284 17,474 52 650 35,178 00 373 17,489 97 683 27,210 72 684 22,544 64 1,092 28,665 00 986 19,424 20 1,546 20,577 26 1,291 9,140 28 1,561 00 1,561 Dues capital, as per general ledger, . Profits capital, as per general ledger, . Unpaid dues, . $382,329 00 61,676 52 3,524 00 736 00 $447,529 52 Total, $447,529 52 Number of shares issued during the y e a r , ............................................ 3,564 Number of shares now in f o r c e , ............................................................11,191 Number of shares now borrowed u p o n ,.....................................................2,981 Largest number of shares held by any one member, . . . . 25 Number of shares withdrawn during the year, . . . . 1,943 Number of shares retired during the y e a r , .................................................... 208' Number of shares matured during the y e a r ,................................................. 81 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] SAYINGS BANK COMMISSIONERS. Highest rate of premium or interest received on money sold during the year : 6 4 per cent. Lowest rate of premium or interest received on money sold during the year : 5 per cent. Rate of profits distributed : first term, 2£ per cent. ; second term, 2£ per cent. Number of members withdrawn during the y e a r ,................................... 279 Present number of m em b ers,...................................................................... 1,560 Present number of borrowers,......................................................................... 456 Present number of non-borrowers,..............................................................1,104 Number of loans secured by first mortgage of real estate, . . . 379 Number of loans on s h a r e s , ..........................................................................166 Largest loan to any one m e m b e r ,...................................................................... Smallest loan to any one member......................................................................... Amount of expenses of the corporation for the year ending Oct. 31, 1901, . Date of examination by commissioner : January 18. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 71 $4,800 00 5 00 1,810 49 72 [Pub. Doc. REPORT OF THE E Q U IT Y C O -O P E R A T IV E BATÌK — W O R C E S T E R . Incorporated Feb. 9, 1887. Commenced business March 17, 1887. T . J. H a st in g s , Secretary and Treasurer. C h a r l e s L . G a t e s , President. Names of security committee : D a n ie l P a r l in , U r g el J acques , E . J. B a r d w e l l . Regular meetings the Thursday next preceding the third Monday of each month. B a l a n c e S h e e t O ct . 31, 1901. A ssets. L ia b il it ie s . $335,275 00 Loans on real estate, 10,620 0 0 Loans on shares, . 399 8 6 Temporary expense account, 5,343 41 Real estate by foreclosure, . Cash in hands of treasurer, . 1,533 47 Dues capital, Profits capital (all series), . Interest, . . . . Fines........................................ Guaranty fund, . Surplus, . . . . Forfeited share account, $353,171 74 $297,757 48,148 1,491 124 2,030 3,545 75 00 37 42 44 00 02 49 $353,171 74 Detailed Statement of Receipts and Disbursements for the Year endinq Oct. 3 1 ,1 9 0 1 . R e c e ip t s . D is b u r s e m e n t s . $97,212 00 From dues capital,. 20,962 47 interest, 696 15 fines, . . . . 14 00 transfer fees, 71,000 0 0 real estate loans repaid, real estate loans elimi5,900 00 nated by foreclosure, real estate loans eliminated by maturity of 1,600 00 shares, 19,345 00 share loans repaid, 470 48 withdrawal profits, 10 14 forfeiture profits, . 270 58 forfeited shares, . real estate by foreclos3,288 63 ure, . . . . 685 53 rent, . . . . 473 30 expense account, . 9,405 21 Cash on hand Oct. 31,1900, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $231,333 49 For real estate loans, . share loans, . dues capital withdrawn, dues capital forfeited, . dues capital retired, dues capital matured, profits capital withdrawn, profits capital forfeited,. profits capital retired, profits capital matured, temporary expenses, forfeited shares, interest on retired shares, real estate by foreclosure, Cash on hand Oct. 31, 1901,. $94,500 15,840 31,135 518 32,950 24,849 3,745 41 5,972 11,441 1,976 257 612 5,960 1,533 00 00 00 00 00 00 94 59 27 40 63 05 81 33 47 $231,333 49 No. 8.] 73 SAVINGS BANK COMMISSIONERS. Total Amount of Loans at Specified Rates of Interest. L Amount. $308,725 12,250 3,950 3,000 00 00 00 00 6 6J oans on R E eal state Loans . Rate. Amount. per cent. $5,600 00 150 00 800 00 800 0 0 6i 6f Rate. Amount. 6i 6 ft per cent. $10,420 00 it « 200 00 Sh ares. on Rate. 6 6J per cent. “ $191 179 168 157 146 136 126 116 106 97 8 9 10 11 12 13 14 15 16 17 18 19 00 30 87 79 96 42 15 14 36 82 50 41 53 99 16 127 23 7 32 33 143 97 $18,930 2,870 21,341 3,611 1,024 4,352 4,158 16,630 10,366 8,409 800 45,758 26,551 29,696 23,107 31,977 16,434 20,233 21,198 19,149 10,971 8,667 1,930 86 9 569 368 463 410 655 396 588 770 918 2 0 86 14 38 763 1,070 8 10 965 2 00 88 80 72 64 56 48 41 34 27 20 21 22 23 24 25 26 27 28 29 30 Dues paid in advance, . Total, 22 43 04 03 35 01 Total Value. . . . . . . . . . . . . . . . . . . . . . . . Shares in Force. Series. D ate of I ssu e. Sept., 1890, Mar., 1891, Sept., 1891, Mar., 1892, Sept., 1892, Mar., 1893, Sept., 1893, Mar., 1894, Sept., 1894, Mar., 1895, Sept., 1895, Mar., 1896, Sept., 1896, Mar., 1897, Sept , 1897, Mar., 1898, Sept., 1898, Mar., 1899, Sept., 1899, Mar., 1900, Sept., 1900, Mar., 1901, Sept., 1901, Value per Share. Reconciliation of Share Account with Dues arid Profits Capital. • 78 88 08 69 45 32 00 90 39 94 64 98 20 82 60 10 00 08 10 48 94 00 00 Dues capital, as per general ledger, . Profits capital, as per general ledger, . Unpaid dues, . 00 48,148 37 2 ,8 6 6 0 0 599 00 $348,771 37 Total, 2,125 Number of shares issued during the year, 8,607 Number of shares now in force, . . . . 2,044 Number of shares now borrowed upon, . 25 Largest number of shares held by any one member, 988 Number of shares withdrawn during the year, 36 Number of shares forfeited during the year, . . 477 Number of shares retired during the year, , 180 Number of shares matured during the year, . Highest rate of premium or interest received on money sold during the year: 6 per cent. Lowest rate of premium or interest received on money sold during the year: 6 per cent. Rate of profits distributed: first term, 3J per cent.; second term, 3 per cent. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $297,757 $348,771 37 74 REPORT OF THE [Pub. Doc. Number of members withdrawn during the y e a r ,................................... 120 Present number of m em b ers,......................................................................... 936 Present number of borrowers,..........................................................................195 Present number of non-borrowers,.................................................................741 Number of loans secured by first mortgage of real estate, . . . 195 Number of loans on s h a r e s , ........................................................................... 45 Largest loan to any one m e m b e r ,...................................................................... $5,000 00 Smallest loan to any one m em ber,...................................................................... 50 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 1,503 33 Date of examination by commissioner : September 6 . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] SAYINGS BANK COMMISSIONERS 75 E V E R E T T C O -O P E R A T IV E B A N K — E V E R E T T . Incorporated Sept. 24, 1890. Commenced business Oct. 14, 1890. C h a r l e s E . J e n n in g s , Secretary and Treasurer. E d w a r d C. M e a d , President. Names of security committee: G e o r g e G. L a d d , C. F. W a s h b u r n , N a t h a n ie l A . D i l l . Regular meetings tbe third Monday of each month. B a la n c e S h e e t O ct . 31, 1901. A SSK T8. Loans on real estate, Loans on shares, . Temporary expense account,. Real estate by foreclosure, . Unpaid fines, . . . . Cash in hands of treasurer, . L ia b il it ie s . $73,896 14,422 33 2,081 25 5,146 40 00 33 70 26 99 Dues capital, Profits capital (all series), Interest, . . . . Premiums, . . . . Withdrawal profits, Forfeiture profits, Guaranty fund, . Surplus, . . . . Forfeited share account, . $95,605 68 $76,169 16,143 104 1 74 00 54 31 40 47 19 1,142 10 1,960 99 9 68 $95,605 68 Detailed Statement of Receipts and Disbursements fo r the Year ending Oct. 3 1 ,1 9 0 1 . R e c e ip t s . D is b u r s e m e n t s . $19,239 00 From dues capital,. interest, 4,697 02 premiums, . 19 55 83 38 fines, . . . . transfer fees, 1 25 15,728 60 real estate loans repaid, share loans repaid, 3,565 00 192 74 withdrawal profits, 19 forfeiture profits, . forfeited shares, . 9 68 rent................................. 30 10 Cash on hand Oct. 31, 1900, . 671 34 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $44,237 85 For real estate loans, . share loans, dues capital withdrawn, dues eapital forfeited, profits capital withdrawn, profits capital forfeited, . temporary expenses, Cash on hand” Oct. 31, 1901, . $9,000 3,290 21,425 9 4,891 1 474 5,146 00 00 00 00 11 29 46 99 $44,237 85 76 REPOET OF THE [Pub. Doc. Total Amount of Loans at Specified Rates oj Interest. L oans on R eal E sta te. Loans on Sh a res. Amount. Rate. Amount. Rate. Amount. Rate. $72,296 40 5.00 per cent. $1,600 00 5.30 per cent. $7,552 00 6,870 00 5.00 per cent. 6.30 Dues paid in advance, . Total, • Total Value. 1 $184 03 2 172 90 3 162 05 4 151 54 5 141 33 6 131 41 121 80 7 8 112 46 9 103 36 10 94 56 11 86 03 12 77 73 13 69 67 14 61 89 15 54 32 16 47 00 39 91 17 18 33 01 19 26 29 20 19 73 21 13 33 22 7 09 23 1 00 Shares in Force. Oct., 1890, . April, 1891,. Oct., 1891,. April, 1892,. Oct., 1892, . April, 1893,. Oct., 1893,. April, 1894,. Oct., 1894, . April, 1895, . Oct., 1895,. April, 1896,. Oct., 1896, . April, 1897,. Oct., 1897,. April, 1898,. Oct., 1898,. April, 1899,. Oct., 1899,. April, 1900, . Oct., 1900,. April, 1901,. Oct., 1901,. Series. Date op Issu e. Value per Share. ! : Reconciliation of Share Account with Dues and Profits Capital. 75 36 37 40 20 $13,802 6,224 5,995 6,061 2,826 131 3,166 8,434 6,201 2,836 3,097 3,186 3,135 3,218 3,150 2,538 5,707 3,796 5,100 1,400 1,719 928 185 1 26 75 60 30 36 41 45 52 58 54 143 115 194 71 129 131 185 25 40 85 60 60 41 80 50 60 80 08 93 15 28 56 00 13 15 26 83 57 79 00 Dues capital, as per general ledger, . Profits capital, as per general ledger, . Unpaid dues, . $76,169 00 16,143 54 603 00 70 00 $92,915 54 Total, $92,915 54 Number of shares issued during the y e a r , ............................................ 384 Number of shares now in force, .....................................................1,654 Number of shares now borrowed u p o n ,.................................................... 594 Largest number of shares held by any one member, . . . . 25 Number of shares withdrawn duringthe y e a r , ................................... 3 4 1 Number of shares forfeited during the y e a r , ............................................1 Highest rate of premium or interest received on money sold during the year: 5 per cent. Lowest rate of premium or interest received on money sold during the year: 5 per cent. Rate of profits distributed: first term, per cent ; second term, 2^ per cent. Number of members withdrawn during the y e a r ,................................... 27 Present number of m em b ers,..........................................................................190 Present number of borrowers,............................................................ .5 8 Present number of non-borrowers,................................................................. 132 Number of loans secured by first mortgage of real estate, . . . 43 Number of loans on s h a r e s , ...................................................................... 42 Largest loan to any one m e m b e r ,......................................................................$2,600 00 Smallest loan to any one m em ber,...................................................................... 50 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 474 46 Date of examination by commissioner : February 26. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] 77 SAYINGS BANK COMMISSIONERS P A L L R IV E R C O -O P E R A T IV E B A N K — P A L L R IV E R . Incorporated Dec. 1, 1888. Commenced business Dec. 12, 1888. E r ic W . B o r d e n , President. G e o r g e O . L a t h r o p , Secretary. R odolphtjs N. A l l e n , Treasurer. Names of security committee: F r e d . J. M c L a n e , B r a d fo r d D . D a v o l , C l a r e n c e A. B r o w n . Regular meetings the second Wednesday of each month. B a l a n c e S h e e t O ct . 31, 1901. Lia b il it ie s . A ssets. $264,150 00 Loans on real estate, 4,050 00 Loans on shares, . 99 86 Temporary expense account, 9,789 03 Real estate by foreclosure, . 15,525 00 Mortgages, . . . . 34 22 Personal accounts, 158 48 Cash in hands of secretary, . 7,828 23 Cash in hands of treasurer, . Dues capital, Profits capital (all series), . Interest, . . . . F i n e s , ................................... Guaranty fund, Surplus, . . . . Forfeited share account, Personal accounts, $255,181 36,405 2,017 81 2,700 4,791 83 374 00 11 21 62 00 99 00 89 $301,634 82 $301,634 82 Detailed Statement of Receipts and Disbursements fo r the Year ending Oct. 3 1 ,1 9 0 1 . D is b u r s e m e n t s . R e c e ip t s . $89,025 00 From dues capital,. 17,445 21 interest, fines, . . . . 289 77 real estate loans repaid, 84,300 00 real estate loans elimi13,450 00 nated by foreclosure, real estate loans eliminated by maturity of 800 00 shares, 5,400 00 share loans repaid, 1,970 80 forfeited shares, . real estate by foreclos14,631 99 ure, . . . . 9,810 75 personal accounts. 3,925 00 mortgages, . Cash on hand Oct. 31, 1900, . 166 84 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $241,215 36 For real estate loans, share loans, . dues capital withdrawn, dues capital forfeited, . dues capital retired, dues capital matured, . profits capital withdrawn, profits capital forfeited, . profits capital retired, profits capital matured,. temporary expenses, forfeited shares. interest on retired shares, interest on m a t u r e d shares, . . . . real estate by foreclosure, personal accounts, . mortgages, interest, . . . . Cash on hand Oct. 31, 1901, $93,150 6,400 59,838 2,604 16,943 3,682 5,392 533 7,181 1,466 1,082 2,199 534 00 00 00 00 00 00 55 64 35 92 15 82 52 67 13,775 9,431 8,925 21 7,986 18 63 68 00 21 71 $241,215 36 78 REPOET OF THE [Pub. Doc, Total Amount of Loans at Specified Rates of Interest. L oans on R eal E state. Amount. $154,200 00 104,850 00 L oans on Sha k es. Rate. Amount. Rate. Amount. Rate. 5.50 per cent. 6.00 “ $4,000 00 1,100 00 6.48 per cent. 6.60 “ $3,800 00 250 00 6.00 per cent. 6.60 “ Shares in Force. Total Value. Sept., 1890, Mar., 1891, Sent., 1891, Mar., 1892, Sept., 1892, Mar., 1893, Sept., 1893, Mar,, 1894, Sept., 1894, Mar., 1895, Sept., 1895, Mar., 1896, Sept., 1896, Mar., 1897, Sept., 1897, Mar., 1898, Sept., 1898, Mar., 1899, Sept., 1899, Mar., 1900, Sept., 1900, Mar., 1901, Sept., 1901, 5 $183 48 18 6 172 48 27 55 161 80 7 8 151 44 43 9 141 37 50 10 131 61 50 11 122 13 93 12 112 95 162 13 104 00 70 14 238 95 33 15 250 86 88 16 78 69 352 70 74 17 186 18 62 98 358 19 55 41 249 20 48 06 288 21 40 92 279 22 34 00 526 23 585 27 26 24 20 70 669 25 14 31 1,115 26 8 08 795 2 00 27 965 $3,302 4,656 8,899 6,511 7,068 6,580 11,358 18,297 7,280 22,688 21,720 27,698 13,157 22,546 13,797 13,841 11,416 17,884 15,947 13,848 15,955 6,423 1,930 Series. D ate of I ssu e. . . . . . . . . . . . . . . . . . . . . . . . Value per Share. Reconciliation of Share Account with Dues and Profits Capital. Dues paid in advance, . Total, . • • 64 96 00 92 50 50 09 90 00 54 00 88 64 84 09 28 68 00 10 30 65 60 00 Dues capital, as per general ledger, . Profits capital, as per general ledger, . Unpaid dues, . 36,405 11 1,454 00 229 00 $293,040 11 Total, Number of shares issued during the y e a r , ................................... 2,099 Number of shares now in f o r c e , .....................................................7,423 Number of shares now borrowed u p o n ,............................................1,486 Largest number of shares held by any one member, . . . . 25 Number of shares withdrawn during the year, . . . . 2,089 Number of shares forfeited during the y e a r , ............................................87 Number of shares retired during the year................................................... 195 Number of shares matured during the y e a r ,............................................26 Highest rate of premium or interest received on money sold during the year: 6 per cent. Lowest rate of premium or interest received on money sold during the year: 5£ per cent. Hate of profits distributed: first term, 24 per cent.; second term, 24 per cent. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $255,181 00 $293,040 11 No. 8.] SAYINGS BANK COMMISSIONERS 79 Number of members withdrawn during the year, . . . . 184 Present number of m em b ers,......................................................................... 789 Present number of borrowers,......................................................................... 167 Present number of non-borrowers,.................................................................622 Number of loans secured by first mortgage of real estate, . . .161 Number of loans on s h a r e s , ........................................................................... 15 Largest loan to any one m e m b e r ,......................................................................$5,000 00 Smallest loan to any one m ember,...................................................................... 50 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 1,082 15 Date of examination by commissioner : September 11. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis [Pub. Doc REPORT OF THE 80 F E D E R A L C O -O P E R A T IV E B A N K — B O ST O N . Incorporated Jan. 29, 1890. Commenced business Feb. 6, 1890. W il l ia m W a e d w e l l , Secretary and Treasurer. F r a n k W . E l d r e d g e , President. « Names of security committee : L o r in g M . M o n k , H . W . M ard en, W il l ia m B . H a y f o r d , L . W . B lanchard, F r a n c is G . W a s h b u r n , H . B. B u r n h a m , P. H . T e m p l e . Regular meetings the first Thursday of each month. B a l a n c e S h e e t O ct . 31, 1901. A ssets. Loans on real estate, Loans on shares, . Real estate by foreclosure, . Unpaid interest, Unpaid fines, . . . . Cash in hands of treasurer, . L ia b il it ie s . $71,372 2,570 4,674 778 37 3,452 00 00 79 16 10 44 Dues capi tal , . . . . Profits capital (all series), Guaranty fund, Surplus, . . . . Forfeited share account, Rent account, . $82,884 49 $67,824 13,056 1,000 659 133 210 00 73 00 17 74 85 $82,884 49 Detailed Statement of Receipts and Disbursements for the Year endinq Oct. 3 1 ,1 9 0 1 . R e c e ip t s . D is b u r s e m e n t s . $17,138 4,075 112 13,683 3,420 204 250 Cash on hand Oct. 31, 1900, . 1,668 From dues capital, . interest,. fines, . . . . real estate loans repaid, share loans repaid, withdrawal profits, https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 00 39 54 00 00 47 00 18 $40,551 58 For real estate loans, . share loans, . dues capital withdrawn, profits capital withdrawn, temporary expenses, taxes and repairs on real estate • Cash on hand Oct. 31, 1901, . $10,065 3,375 19,905 3,223 332 00 00 00 44 62 198 08 3,452 44 $40,551 58 No. 8.] SAYINGS BANK COMMISSIONERS 81 Total Amount of Loans at Specified Rates of Interest. L oans on K eal E sta te. L o a n s o n Sh a r e s . Amount. Eate. Amount. Kate. Amount. Kate. $66,772 00 3,000 00 5.00 per cent. 6.00 $1,600 00 6.25 per cent. $2,570 00 6.00 per cent. Feb., 1890, . Aug., 1890, . Feb., 1891, . Aug., 1891, . Feb., 1892, . Aug., 1S92,. Feb., 1893, . Aug., 1893, . Feb., 1894, . May, 1894, . Nov., 1894, . May, 1895, . Nov., 1895, . May, 1896, . Nov., 1896, . May, 1897, . Nov., 1897, . May, 1898, . Nov., 1898, . May, 1899, . Nov., 1899, . May, 1900, . Nov., 1900, . May, 1901", . 1 $195 53 184 26 2 173 28 3 4 162 64 152 36 5 6 142 24 132 52 7 8 122 94 9 113 87 10 109 30 11 100 57 12 92 05 13 83 76 14 75 77 15 67 90 60 31 16 52 95 17 18 45 81 19 38 81 20 31 98 21 25 26 22 18 73 23 12 33 24 6 09 Dues paid in advance, . Total, 22 24 10 5 41 43 57 8 48 10 12 57 47 51 73 51 25 97 87 124 178 122 98 85 . Total Value. Shares in Force. Value per Share. Date of Issu e. Series. Reconciliation of Share Account with Dues and Profits Capital. $4,301 4,422 1,732 813 6,246 6,116 7,553 983 5,465 1,093 1,206 5,246 3,936 3,864 4.956 3,075 1,323 4,443 3,376 3,965 4,496 2,285 1,208 517 66 24 80 20 76 32 64 52 76 00 84 85 72 27 70 81 75 57 47 52 28 06 34 65 Dues capital, as per general ledger, . Profits capital, as per general ledger, . Unpaid dues, . $67,824 00 13,056 73 1,772 00 20 00 $82,652 73 Total, $82,652 73 Number of shares issued during the y e a r , ............................................228 Number of shares now in f o r c e , .................................................... 1,385 Number of shares now borrowed upon...................................... ........ 493 Largest number of shares held by any one member, . . . . 25 Number of shares withdrawn during the y e a r , ................................... 475 Highest rate of premium or interest received on money sold during the year: 6 per cent. Lowest rate of premium or interest received on money sold during the year: 5 per cent. Rate of profits distributed: first term, 2£ per cent.; second term, 2£ per cent. Number of members withdrawn during the y e a r ,...................................35 Present number of m em bers,......................................................................... 190 Present number of borrowers,........................................................................... 47 Present number of non-borrowers,.................................................................143 Number of loans secured by first mortgage of real estate, . . . 42 Number of loans on s h a r e s , ........................................................................... 15 Largest loan to any one m e m b e r ,......................................................................$4,600 00 Smallest loan to any one m em ber,...................................................................... 50 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 332 62 Date of examination by commissioner : March 21. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 82 REPORT OF THE [Pub. Doc. F ID E L IT Y C O -O P E R A T IV E B A N K — F IT C H B U R G . Incorporated April 25, 1888. Commenced business May 8, 1888. W . G . H a y e s , Secretary and Treasurer. G e o r g e E . C l if f o r d , President. Names of security committee : H . G . M orse, A . W e l l in g t o n , L . H . G oodno w . Regular meetings the second Tuesday of each month. B a la n c e S h e e t O c t . 31, 1901. A ssets. L ia b il it ie s . $578,425 00 Loans on real estate, 30,965 00 Loans on shares, . 349 78 Temporary expense account, 2,683 72 Real estate by foreclosure, . 22,282 22 Cash in hands of treasurer, . Dues capital, . . . Profits capital (all series), . Interest, . . . . Premiums, . . . . F i n e s , ................................... Transfer fees, Withdrawal profits, Guaranty fund, . Surplus, . . . . Forfeited share account, $634,705 72 $532,117 00 97,706 80 1,000 24 73 31 11 8 75 28 36 2,460 00 1,188 94 163 79 $634,705 72 Detailed Statement of Receipts and Disbursements for the Year ending Oct. 3 1 ,1 9 0 1 . R e c e ip t s . D is b u r s e m e n t s . $135,859 00 From dues capital,. 30,784 87 interest, 14 52 premiums, . 782 35 fines, . . . . transfer fees, 31 50 real estate loans repaid, 111,035 00 real estate loans elimi800 00 nated by foreclosure, 30,193 00 share loans repaid, withdrawal profits, 197 27 12 60 forfeiture profits, . 90 32 forfeited shares, . real estate by foreclos5,696 72 ure, . . . . 1,206 26 Cash on hand Oct. 31,1900, . For real estate loans, $170,225 00 share loans, . 35,640 00 dues capital withdrawn, 24,348 00 dues capital forfeited, . 156 00 dues capital retired, 13,465 00 dues capital matured, 28,502 00 profits capital withdrawn. 2,532 75 profits capital forfeited, . 40 28 profits capital retired, 4,008 92 profits capital matured, . 11,535 44 temporary expenses, 1,703 59 forfeited shares, 485 46 interest on matured shares, 582 87 real estate by foreclosure, 1,195 88 Cash on hand Oct. 31, 1901, . 22,282 22 $316,703 41 $316,703 41 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] SAYINGS BANK COMMISSIONERS 83 Total Amount of Loans at Specified Bates of Interest. L oans on R eal E sta te. L oans on Sh a k es. Amount. Rate. Amount. Rate. Amount. Rate. $469,325 00 105,800 00 5.00 per cent. 6.00 “ $2,400 00 900 00 6.12 per cent. 6.36 $30,160 00 805 00 5.00 per cent. 6.00 Mar., 1890, . Sept., 1890, . Mar., 1891, . Sept., 1891, . Mar., 1892, . Sept., 1892, . Mar., 1893, . Sept., 1893, . Mar., 1894, . Sept., 1894, . Mar., 1895, . Sept., 1895, . Mar., 1896, . Sept., 1896, . Mar., 1897,. Sept., 1897, . Mar., 1898, . Sept., 1898, . Mar., 1899, . Sept., 1899, . Mar., 1900, . Sept., 1900, . Mar., 1901, . Sept, 1901, . 5 $196 184 173 7 163 8 152 9 142 10 11 132 12 122 13 113 14 104 15 95 16 87 78 17 18 70 19 63 20 55 48 21 22 40 34 23 24 27 25 20 14 26 8 27 28 2 6 42 120 95 107 129 81 109 01 53 107 33 136 386 46 85 228 54 351 48 277 509 69 381 16 534 89 450 85 690 04 354 45 10 507 96 421 03 1,165 852 29 72 1,007 33 820 09 1,104 00 768 • • $23,570 19,789 22,421 17,768 16,320 19,356 51,129 28,009 39,852 28,940 48,706 33,207 42,127 31,882 43,497 19,629 24,386 17,244 39,644 23,251 20,865 11,750 8,931 1,536 40 65 49 09 71 88 56 80 54 96 21 96 26 50 60 30 70 16 95 08 04 60 36 00 Dues capital, as per general ledger, . $532,117 00 Profits capital, as per general ledger, 97,706 80 5,598 00 Unpaid dues, . 1,601 00 Dues paid in advance, . Total, Total Value. D ate of I ssu e. Shares in Force. Series. Value per Share. Reconciliation of Share Account with Dues and Profits Capital. • $635,421 80 Total, Number of shares issued during the y e a r , ................................... 2,407 Number of shares now in force............................................................ 11,512 Number of shares now borrowed u p o n ,............................................4,062 Largest number of shares held by any one member, . . . . 25 Number of shares withdrawn during the year, . . . . 1,209 Number of shares forfeited during the y e a r ,............................................21 Number of shares retired during the y e a r , ............................................124 Number of shares matured during the y e a r ,............................................200 Highest rate of premium or interest received on money sold during the year: 5 per cent. Lowest rate of premium or interest received on money sold during the year: 5 per cent. Rate of profits distributed: first term, 2£ per cent.; second term, 2£ per cent. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $635,421 80 84 REPORT OF THE [Pub. Doc. Number of members withdrawn during the y e a r ,...................................207 Present number of m em bers,.......................................................................1,208 Present number of borrowers,........................................................................... Present number of non-borrowers....................................................................762 Number of loans secured by first mortgage of real estate, . . .391 Number of loans on s h a r e s , ......................................................................... 166 Largest loan to any one m e m b e r ,......................................................................$5,000 00 Smallest loan to any one m em ber,...................................................................... 10 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 1,703 59 Date of examination by commissioner: March 7. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.J 85 SAYINGS BANK COMMISSIONERS. F IT C H B U R G C O -O P E R A T IV E B A N K - F IT C H B U R G . Incorporated Oct. 27, 1877. Commenced business Nov. 8, 1877. W il b u r B . T e n n e y , President. F r e d e r ic k A. C u r r ie r , Secretary. H a r r is o n B a i l e y , Treasurer. Names of security committee: M a r t ín W e b b e r , N a t h a n ie l Y a r n e y , D a v id M . D i l l o n . Regular meetings the third Thursday of each month. B a l a n c e S h e e t O ct . 31, 1901. A ssets. L ia b il it ie s . Loans on real estate, $690,600 00 Loans on shares, . 20,970 00 Real estate by foreclosure, . 14,255 30 Mortgages, . . . . 7,100 00 Unpaid interest, 7,154 13 Unpaid premiums,. 3 02 Unpaid fines, . . . . 408 46 Unpaid dues, . . . . 8,637 00 Personal accounts,. 1,046 05 Cash in hands of treasurer, . 2,749 85 Dues capital, . . . . Profits capital (all series), Guaranty fund, . . . . Surplus, Forfeited share account, Dues paid in advance, . Due on mortgage loans, Matured share account, Personal accounts, . $633,036 106,972 5,100 2,990 874 2,370 900 322 357 00 25 00 99 21 00 00 79 57 $752,923 81 $752,923 81 Detailed Statement of Receipts and Disbursements for the Year ending Oct. S I , 1 9 0 1 . R e c e ip t s . D is b u r s e m e n t s . From dues capital,. $185,006 00 interest, 36,912 12 premiums, . 66 90 fines, . . . . 879 34 transfer fees, 13 25 real estate loans repaid, 144,300 00 real estate loans eliminated by foreclosure, 14,000 00 real estate loans eliminated by maturitv of 18,000 00 shares, share loans repaid, 25,970 00 withdrawal profits, 283 57 forfeiture profits, . 42 51 forfeited shares, . 977 74 real estate by foreclos14,009 16 ure, . . . . personal accounts, 3,586 82 322 79 matured share account, rents, . . . . 451 09 incomplete loans,. 8,700 00 Cash on hand Oct. 31, 1900, . 85 97 $181,150 00 For real estate loans, . 32,530 00 share loans, . dues capital withdrawn, 43,038 00 7,129 00 dues capital forfeited, dues capital retired, 84,355 00 dues capital matured, 25,776 00 profits capital withdrawn, 3,018 06 425 04 profits capital forfeited, . profits capital retired, 23,137 72 10,281 99 profits capital matured, . temporary expenses, 2,435 28 forfeited shares, 667 67 interest on retired shares, 1,682 71 interest on m a t u r e d 578 02 shares, . . . . 17,191 89 real estate bv foreclosure, 3,311 03 personal accounts, . 5,950 00 mortgages, 8,200 00 incomplete loans, . 2,749 85 Cash on hand Oct. 31, 1901, . $453,607 26 $453,607 26 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis REPORT OF THE 86 [Pub. Doc Total Amount of Loans at Specified Rates of Interest. L oans on R eal E sta te. Amount. $552,100 127,250 6.400 1,150 1.400 400 00 00 00 00 00 00 L oans on Sh a rk s. Rate. Amount. Rate. Amount. Rate. 5.00 per cent. 6.00 “ 6.12 “ 6.24 “ 6.36 “ 6.48 “ $550 250 200 100 100 700 6.60 per cent. 6.72 « 7.08 « 7.56 “ 8.04 8.16 “ $20,970 00 5.00 per cent. 00 00 00 00 00 00 May, 1890, . Nov., 1890, . May, 1891, . Nov., 1891, . May, 1892, . Nov., 1892, . May, 1893, . Nov., 1893, . May, 1894, . Nov., 1894, . May, 1895, . Nov., 1895, . May, 1896, . Nov., 1896, . Mav, 1897, . Nov., 1897, . May, 1898-, . Nov., 1898, . May, 1899, . Nov., 1899, . May, 1900, . Nov., 1900, . May, 1901, . Total Value: Shares in Force. Value per Share. D ate of Issu e. Series. Reconciliation of Share Account with Dues and Profits Capital. 26 $192 94 105 $20,258 70 Dues capital, as per gen181 61 $633,036 00 23,064 47 eral ledger, . 27 127 28 170 51 23,359 87 Profits capital, as per 137 29 159 75 126 20,128 50 106,972 25 general ledger, . 30 149 34 153 22,849 02 31 139 22 235 32,716 70 32 129 41 156 20,187 96 119 90 33 209 25,059 10 34 110 70 296 32,767 20 35 430 101 71 43,735 30 93 04 585 36 54,428 40 84 57 685 57,930 45 37 76 38 38 544 41,550 72 39 68 43 38,799 81 567 60 70 40 793 48,135 10 41 53 21 781 41,557 01 42 45 90 615 28,228 50 38 82 1,126 43 43,711 32 44 31 94 1,111 35,485 34 45 25 23 1,322 33,354 06 18 69 1,283 46 23,979 27 12 31 1,375 16,926 25 47 48 6 08 1,940 11,795 20 T o t a l , ................................... $740,008 25 Total, Number of shares issued during the y e a r , ................................... 3,837 Number of shares now in f o r c e , .................................................... 14,701 Number of shares now borrowed u p o n ,............................................5,384 Largest number of shares held by any one member, . . . . 25 Number of shares withdrawn during the year, . . . . 1,880 Number of shares forfeited during the year............................................... 200 Number of shares retired during the year................................................... 911 Number of shares matured during the y e a r ,............................................179 Highest rate of premium or interest received on money sold during the year: 5 per cent. Lowest rate of premium or interest received on money sold during the year: 5 per cent. Rate of profits distributed: first term, 2£ per cent.; second term, 2£ per cent. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $740,008 25 No. 8.] SAVINGS BANK COMMISSIONERS. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis \ oo © àcT Nunjber of members withdrawn during the year.............................. . 244 Present number of m em b ers,............................................................. 2,056 Present number of borrowers,............................................................. . 632 Present number of non-borrowers....................................................... 1,424 Number of loans secured by first mortgage of real estate, . 574 Number of loans on s h a r e s , ............................................................. . 110 Largest loan to any one m e m b e r ,..................................................... Smallest loan to any one member,.................................................... Amount of expenses of the corporation for the year ending Oct. 31, 1901, . Date of examination by commissioner : July 16. 87 00 10 00 2,435 28 [Pub. Doc. REPORT OF THE 88 PO X B O R O U G H C O -O P E R A T IV E B A N X -P O X B O R O Ü G H . Incorporated Feb. 25, 1889. Commenced business March 19, 1889. A. F. B e m is , President. F r e d e r i c k S. L a n e , Secretary and Treasurer. Names of security committee: W il l ia m T. C o o k , C h a r l e s C. S u m n e r , E z r a P ic k e n s , Ch a r le s H . H a rtsh o rn . Regular meetings the third Wednesday of each month. B a l a n c e S h e e t O ct . 31, 1901. A s s is t s . L ia b il it ie s . $126,300 00 Loans on real estate, Loans on shares, . 6,025 00 Temporary expense account, 258 65 3,029 75 Real estate by foreclosure, Cash in hands of treasurer, . 6,372 12 1 Dues capi tal, . . . . Profits capital (all series), . Interest..................................... Premiums, . . . . F i n e s , ................................... Transfer fees, Withdrawal profits, Guaranty fund, Surplus,................................... $141,985 52 $114,218 22,834 605 54 8 00 63 37 11 32 25 49 67 607 00 3,608 17 $141,985 52 Detailed Statement of Receipts and Disbursements for the Year endinq Oct. 3 1 ,1 9 0 1 . R e c e ip t s . From dues capital,. interest, premiums, . fines, . . . . transfer fees, real estate loans repaid, real estate loans eliminated by foreclosure, share loans repaid, withdrawal profits, forfeiture profits, . forfeited shares, . real estate by foreclosure, . . . . Cash on hand Oct. 31, 1900, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis D is b u r s e m e n t s . $32,015 7,863 767 309 1 29,650 00 88 96 12 75 00 6,000 3,372 464 41 598 00 00 10 50 15 3,502 83 4,392 95 $88,979 24 For real estate loans, share loans, . dues capital withdrawn, dues capital forfeited, dues capital retired, profits capital withdrawn, profits capital forfeited, . profits capital retired, temporary expenses, forfeited shares, interest on retired shares, real estate by foreclosure, Cash on hand Oct. 31, 1901, . $42,000 4,657 14,898 905 7,749 1,856 165 3,266 886 598 90 5,532 6,372 00 00 00 00 00 88 95 94 78 15 84 58 12 $88,979 24 No. 8.] SAYINGS BANK COMMISSIONERS. 89 Total Amount of Loans at Specified Rates of Interest. L oans on Sh a res. L oans on R ea l E sta te. Amount. Rate. Amount. Rate. Amounts Rate. $15,250 00 6.30 per cent $111,050 00 6.60 per cent. $6,025 00 6.60 per cent. Mar., 1891, . Sept., 1891, . Mar., 1892, . Sept., 1892, . Mar , 1893, . Sept, 1893, . Mar., 1894, . Sept., 1894, . Mar., 1895, . Sept., 1895, . Mar., 1896, . Sept., 1896, . Mar., 1897, . Sept., 1897, . Mar., 1898, . Sept., 1898, . Mar., 1899, . Sept., 1899, . Mar., 1900, . Sept., 1900, . Mar., 1901, . Sept., 1901, . 40 23 74 13 40 30 48 69 112 107 98 74 168 151 175 119 148 236 232 299 287 207 5 $181 39 169 99 6 158 92 7 148 19 8 9 137 73 10 127 59 11 117 72 12 108 18 98 92 13 14 89 95 81 26 15 72 85 16 64 70 17 18 56 81 19 49 17 20 41 77 21 34 60 22 27 66 20 93 23 14 42 24 8 11 25 2 00 26 • • $7,255 3,909 11,760 1,926 5,509 3,827 5,650 7,464 11,079 9,624 7.963 5,390 10,869 8,578 8,604 4,970 5,120 6,527 4,855 4,311 2,327 414 60 77 08 47 20 70 56 42 04 65 48 90 60 31 75 63 80 76 76 58 57 00 Dues capital, as per general ledger, . $114,218 00 Profits capital, as per general ledger, . 22,834 63 Unpaid dues, . 990 00 100 00 Dues paid in advance, . Total, Total Value. Shares in Force. Series. D ate op I ssu e. Value per Share. Reconciliation of Share Account with Dues and Profits Capital. • • $138,042 63 Total, Number of shares issued during the y e a r , ............................................609 Number of shares now in force................................................... ........ 2,750 Number of shares now borrowed u p o n ,.................................................... 799 Largest number of shares held by any one member, . . . . 25 Number of shares withdrawn during the y e a r , ................................... 487 Number of shares forfeited during the y e a r ,............................................30 Number of shares retired during the year, . . . . . .6 0 Highest rate of premium or interest received on money sold during the year: 10 cents premium. Lowest rate of premium or interest received on money sold during the year: 10 cents premium. Rate of profits distributed: first term, 3 | per cent.; second term, 3j per cent. Number of members withdrawn during the y e a r ,................................... 92 Present number of m em b ers,.........................................................................435 Present number of borrowers,......................................................................... 132 Present number of non-borrowers,................................................................ 303 Number of loans secured by first mortgage of real estate, . . . 119 Number of loans on shares................................................................................. 13 Largest loan to any one m e m b e r ,...................................................................... Smallest loan to any one member,...................................................................... Amount of expenses of the corporation for the year ending Oct. 31, 1901, . Date of examination by commissioner: January 7. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $138,042 63 $5,000 00 20 00 886 78 90 KEPORT OF THE [Pub. Doc. G A R D N E R C O -O P E R A T IV E B A N K — G A R D N E R . Incorporated Jan. 14, 1889. Commenced business March 12, 1889. Louis* A. G r e e n w o o d , President. H a r r is o n G r e e n w o o d , Secretary and Treasurer. Names of security committee : J onas R. D a v is , H o sea C a r t e r , Jr., H enry G. P olla rd . Regular meetings the second Tuesday of each month. B a l a n c e S h e e t O ct . 31, 1901. A ssets. L ia b il it ie s . Loans on real estate, $134,550 00 Loans on s-hares, . 4,025 00 Temporary expense account, 165 90 Real estate by foreclosure, . 1,751 97 Mortgages, . . . . 6,251 50 Unpaid interest, 1,003 39 Unpaid premiums, 44 64 Unpaid fi nes, . . . . 67 47 Insurance, . . . . 7 80 T a x e s , ................................... 62 35 Cash in hands of treasurer, . 2,027 14 Dues capi tal, . . . . $121,857 00 24,922 41 Profits capital (all series), . Interest, . . . . 1,384 23 Premiums, . . . . 42 69 F i n e s , ................................... 49 21 Transfer fees, 50 Withdrawal profits, 61 22 Guaranty fund, . 685 74 Surplus, . . . . 949 42 Forfeited share account, 14 74 $149,957 16 $149,957 16 Detailed Statement of Receipts and Disbursements fo r the Year ending Oct. 3 1 , 1 901. R e c e ip t s . D is b u r s e m e n t s . From dues capital,. $32,065 00 interest, 8,603 45 premiums, . 284 23 fines, . . . . 331 36 transfer fees, 1 50 real estate loans repaid, 18,523 86 real estate loans eliminated by foreclosure, 2,400 00 real estate loans elimi nated by maturity of shares, 3,750 00 share loans repaid, 3,700 00 withdrawal profits, 191 51 forfeiture profits, . 1 69 forfeited shares, . 184 92 real estate by foreclosure, . . . . 2,604 30 mortgages, . 2,048 00 Cash on hand Oct. 31, 1900, . 8,543 49 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $83,233 31 For real estate loans, . share loans, . dues capital withdrawn, dues capital forfeited, . dues capital retired, dues capital matured, . profits capital withdrawn, profits capital forfeited,. profits capital retired, . profits capital matured,. temporary expenses, forfeited shares, interest on retired shares, interest on m a t u r e d shares, real estate by foreclosure, mortgages, Cash on hand Oct. 31, 1901,. $46,855 3,840 11,907 168 4,957 2,679 1,915 16 1,384 1,132 755 184 126 50 00 00 00 00 00 69 92 14 67 68 92 50 34 2,648 2,599 2,027 76 77 62 14 $83,233 31 No. 8.] SAVINGS BANK COMMISSIONERS. 91 Total Amount of Loans at Specified Bates of Interest. L oans on R eal E sta te. Amount. $110,500 5.400 5,350 3,300 2,700 2.400 00 00 00 00 00 00 Rate. 6.12 per cent. 6.24 6.36 “ 6.48 “ 6.60 “ 6.72 “ Loans on Sha res. Amount. $2,300 1,100 100 500 900 R a te . 00 00 00 00 00 6.84 per cent. 6.96 7.20 “ 7.80 “ 7.92 Amount. Rate. $4,025 00 6.12 per cent. Dues paid in advance, . Total, Total Value. 3 $198 67 4 186 96 5 175 58 164 56 6 153 79 7 143 49 8 9 133 57 10 123 86 114 46 11 12 105 32 13 96 45 14 87 85 79 48 15 16 71 36 63 47 17 18 55 82 19 48 40 41 18 20 21 34 17 22 27 37 23 20 77 24 14 34 25 8 09 26 2 00 Shares in Force. Mar., 1890,. Sept., 1890,. Mar., 1891,. Sept., 1891,. Mar., 1892,. Sept., 1892,. Mar., 1893, . Sept., 1893,. Mar., 1894,. Sept , 1894,. Mar., 1895,. Sept., 1895,. Mar., 1896,. Sept., 1896,. Mar., 1897,. Sent., 1897,. Mar., 1898, . Sept., 1898,'. Mar., 1899, . Sept., 1899,. Mar., 1900, . Sept., 1900,. Mar., 1901, . Sept., 1901,. Value per Share. Date of Issde. Series. Reconciliation of Share Account with Dues and Profits Capital. 6 26 42 70 100 41 51 25 72 12 108 46 283 65 83 121 126 46 105 171 199 319 451 240 $1,192 4,860 7,374 11,519 15,379 5,883 6,812 3,006 8,241 1,263 10,416 4,041 22,492 4,638 5,268 6,754 6,098 1,894 3,587 4,680 4,133 4,574 3,648 480 02 96 36 20 00 09 07 50 12 84 60 10 84 40 01 22 40 28 85 27 23 46 59 00 Dues capital, as per general ledger, . Profits capital, as per general ledger, . Unpaid dues, . 24,922 41 1,658 0') 107 00 $148,437 41 Total, Number of shares issued during the y e a r , ............................................921 Number of shares now in f o r c e , .................................................... 2,808 Number of shares now borrowed u p o n ,....................................................796 Largest number of shares held by any one member, . . . . 25 Number of shares withdrawn during the year........................................... 441 Number of shares forfeited during the y e a r ,............................................12 Number of shares retired during the y e a r , ............................................46 Number of shares matured during the y e a r ,............................................19 Highest rate of premium or interest received on money sold during the year: 1 cent premium. Lowest rate of premium or interest received on money sold during the year: 1 cent premium. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $121,857 00 $148,437 41 92 REPORT OF THE [Pub. Doc. Rate of profits distributed : first term, 2§ per cent. ; second term, 2;} per cent. Number of members withdrawn during the year, . . 101 Present number of m em b ers,............................................................. . 456 Present number of borrowers,............................................................. . 155 Present number of non-borrowers,.................................................... . 301 Number of loans secured by first mortgage of real estate, . 156 Number of loans on s h a r e s , ............................................................. . ‘24 Largest loan to any one m e m b e r ,.................................................... Smallest loan to any one member,.................................................... Amount of expenses of the corporation for the year ending Oct. 31 , 1901, . Date of examination by commissioner: June 13. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $2,500 00 15 00 755 68 No. 8.] 93 SAYINGS BANK COMMISSIONERS G E R M A N IA C O -O P E R A T IV E B A N K — B O ST O N . Incorporated Oct. 3, 1885. Commenced business Oct. 20, 1885. H e n r y W e s s l in g , President. A n d r e w M . D o r r , Secretary. M a r t in H a s e n e u s s , Treasurer. Names of security committee: J o h n P . G e is h e c k e r , A ndrew M . D orr, J ohn J. Steph a n , N ic h o l a s S c h a a f , H e n r y W e s s l in g . Regular meetings the Wednesday after the third Tuesday of each month. 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. $233,050 00 Loans on real estate, 5,050 00 Loans on shares, . 38 09 Permanent expense account, . 178 76 Temporary expense account, 6,676 26 Real estate by foreclosure, . 5,164 00 Mortgages, . . . . 184 61 Insurance and taxes paid, 83 80 Cash in hands of secretary, . 443 55 Cash in hands of treasurer, . $214,963 00 Dues capital, . . . . 32,329 38 Profits capital (all series), . 1,220 08 Interest, . . . . 27 99 F i n e s , ................................... 25 Transfer fees, 48 72 Withdrawal profits, 32 12 Forfeiture profits, . Guaranty fund, 1,468 98 698 11 Surplus, . . . . 59 24 Forfeited share account. 21 20 Suspense account,. $250,869 07 $250,869 07 Detailed Statement of Receipts and Disbursements fo r the Year ending Oct. 3 1 ,1 9 0 1 D is b u r s e m e n t s . R e c e ip t s . $66,046 00 From dues capital, 12,400 56 interest, 320 86 fines, . . . . 3 25 transfer fees, real estate loans repaid, 29,425 00 real estate loans elimi5,450 00 nated by foreclosure, real estate loans eliminated by maturity of 3,100 00 shares, 9,900 00 share loans repaid, 661 70 withdrawal profits, 44 49 forfeiture profits, . 51 00 forfeited shares, . real estate by foreclos6,108 50 ure............................... 500 00 mortgage, insurance and taxes re41 95 paid, . . . . 5,181 50 Cash on hand Oct. 31, 1900, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $139,234 81 For real estate loans, . share loans, . dues capital withdrawn, dues capital forfeited, . dues capital retired, dues capital matured, profits capital withdrawn, profits capital forfeited, . profits capital retired, profits capital matured, . temporary expenses, forfeited shares, interest on retired shares, real estate by foreclosure, mortgages, insurance and taxes, surplus, . . . . Cash on hand Oct. 31, 1901, . $65,000 7,100 29,115 837 16,043 2,304 2,647 118 3,468 924 1,900 33 121 5,395 3,400 139 159 527 00 00 00 00 00 00 37 63 27 72 10 03 30 74 00 32 98 35 $139,234 81 94 REPORT OF THE [Pub. Doc. Total Amount of Loans at Specified Bates of Interest. L oans on B ea l E sta te. Amount. $209,400 5,350 10,400 1,800 00 00 00 00 L oans on Sh a r es. Rate. Amount. Rate. Amount. Rate. 5.00 per cent. 5.25 “ 5.50 6.00 $4,900 00 200 00 1,000 00 6.25 per cent. 6.50 6.75 “ $1,800 00 3,150 00 100 00 5.25 per cent. 5.50 “ 6.00 April, 1890, . April, 1891,. Oct., 1891, . April, 1892,. Oct., 1892,. April, 1893,. Oct., 1893,. April, 1894,. Oct., 1894,. April, 1895, . Oct., 1895,. April, 1896, . Oct., 1896, . April, 1897,. Oct., 1897, . April, 1898, . Oct., 1898,. April, 1899, . Oct., 1899,. April, 1900,. Oct., 1900,. April, 1901, . Oct., 1901, . 10 $190 23 12 168 11 13 157 63 14 147 39 15 137 50 16 127 93 118 64 17 18 109 62 19 100 92 92 46 20 21 84 23 22 76 25 23 68 49 24 60 98 25 53 64 26 46 49 39 51 27 32 70 28 29 26 07 30 19 59 31 13 26 32 7 07 33 1 00 Dues paid in advance, . Total, 22 55 71 87 99 82 58 132 127 189 190 222 127 197 171 236 265 384 527 507 853 597 494 Total Value. Shares in Force. Value per Share. D ate op I ssu e. Series. Reconciliation of Share Account with Dues and Profits Capital. $4,185 9,246 11,191 12,822 13,612 10,490 6,881 14,469 12,816 17,474 16,003 16,927 8,698 12,013 9,172 10,971 10,470 12,556 13,738 9,932 11,310 4,220 494 06 05 73 93 50 26 12 84 84 94 70 50 23 06 44 64 15 80 89 13 78 79 00 Dues capital, as per general ledger, . Profits capital, as per general ledger, . Unpaid dues, . 32,329 38 2,424 00 * 15 00 $249,716 38 Total, Number of shares issued during the y e a r , ................................... 1,367 Number of shares now in f o r c e , .................................................... 5,692 Number of shares now borrowed u p on ,............................................1,403 Largest number of shares held by any one member, . . . . 25 Number of shares withdrawn during the year, . . . . 1,178 Number of shares forfeited during the y e a r ,............................................54 Number of shares retired during the y e a r , ............................................177 Number of shares matured during the y e a r ,............................................16 Highest rate of premium or interest received on money sold during the year: 5£ per cent. Lowest rate of premium or interest received on money sold during the year: 5 per cent. Rate of profits distributed: first term, 2 per cent.; second term, 2 per cent. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $214,963 00 $249,716 38 No. 8.] SAYINGS BANK COMMISSIONERS. 95 Number of members withdrawn during the y ea r,................................... 143 Present number of m em bers,.........................................................................712 Present number of b o r r o w e r s , .................................................................149 Present number of non-borrowers,................................................................ 563 Number of loans secured by first mortgage of real estate, . . . 148 Number of loans on s h a r e s , ...........................................................................33 Largest loan to any one m e m b e r ,......................................................................$5,000 00 Smallest loan to any one m em ber,...................................................................... 50 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 1,913 86 Date of examination by commissioner : December 14. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis [Pub. Doc. REPORT OF THE 96 G L O U C E ST E R C O -O P E R A T IV E B A N K — G L O U C E ST E R . Incorporated March 2, 1887. Commenced business April 14, 1887. E v e r e t t L a n e , Secretary and Treasurer. A sa G . A n d r e w s , President. Names of security committee: W m. G. B r o w n , S a m u e l C u r t is , H enry A. Sw ett, A dam P . Stoddart, C h a r l e s F. L a n e . Regular meetings the second Thursday of each month. 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. $221,450 00 Loans on real estate, 15,200 00 Loans on shares, 80 12 Temporary expense account, Real estate by foreclosure, 2,517 23 3,098 25 Unpaid interest, 143 32 Unpaid premiums,. 194 58 Unpaid fines, . . . . 6 25 Insurance account, 40,960 64 Cash in hands of treasurer, . $219,953 00 Dues capi tal, . . . . 58,069 73 Profits capital (all series), . 1,060 00 Interest, . . . . Premiums, . . . . 63 93 33 68 F i n e s , ................................... 50 Transfer fees, 44 77 Withdrawal profits, 2,598 02 Guaranty fund, 1,711 19 Surplus,................................... Forfeited share account, 7 65 107 92 Personal accounts, $283,650 39 $283,650 39 Detailed Statement of Receipts and Disbursements for the Year endinq Oct 3 1 ,1 9 0 1 . R e c e ip t s . D is b u r s e m e n t s . $43,406 00 From dues capital,. interest, 14,147 43 823 00 premiums, . 414 29 fines, . . . . transfer fees, 3 75 19,600 00 real estate loans repaid, real estate loans eliminated by maturity of 8,100 00 shares, . ’. 7,500 00 share loans repaid, 443 74 withdrawal profits, real estate by foreclos1,569 52 ure, . . . . 34,436 62 Cash on hand Oct. 31, 1900, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $130,444 35 For real estate loans, . share loans, . dues capital withdrawn, dues capital matured, . profits capital withdrawn, profits capital matured, . temporary expenses, interest on m a t u r e d shares, real estate by foreclosure, insurance, Cash on hand Oct. 31, 1901, . $26,100 9,400 10,413 28,059 1,776 11,889 1,209 00 00 00 00 17 20 69 401 228 6 40,960 98 42 25 64 $130,444 35 No. 8.] 97 SAYINGS BANK COMMISSIONERS. Total Amount of Loans at Specified Rates of Interest. L oans on Sh a res. L oans on R ea l E sta te. Amount. Rate. Amount. Rate. Amount. Rate. $191,300 00 15,600 00 10,550 00 6.30 per cent. 6.60 6.90 “ $1,800 00 2,200 00 7.20 per cent. 7.50 “ $13,200 00 1,400 00 600 00 6.30 per cent. 6.60 “ 7.20 April, 1890, . Oct., 1890, . April, 1891, . Oct., 1891, . April, 1892, Oct., 1892, . April, 1893,. Oct., 1893, . April, 1894,. Oct., 1894,. April, 1895,. Oct., 1895,. April, 1896,. Oct., 1896,. April, 1897,. Oct., 1897, . April, 1898, . Oct., 1898, . April, 1899,. Oct., 1899,. April, 1900,. Oct , 1900, . April, 1901,. Oct., 1901, . 114 $22,658 64 78 14,593 02 142 24,957 92 21,752 28 132 18,033 21 117 19,408 95 135 172 22,996 40 119 14,746 48 13,505 10 118 12,943 29 123 11,552 40 120 84 7,355 88 164 12,977 32 11,845 31 167 11,901 33 189 141 7,788 84 4,630 78 97 5,543 02 137 143 4,774 77 5,383 56 203 309 6,133 65 291 3,893 58 350 2,485 00 272 272 00 7 $198 76 8 187 09 9 175 76 164 79 10 11 154 13 12 143 77 13 133 70 14 123 92 114 45 15 16 105 23 17 96 27 18 87 57 19 79 13 20 70 93 21 62 97 22 55 24 23 47 74 40 46 24 25 33 39 26 26 52 19 85 27 28 13 38 29 7 10 1 00 30 • Dues capital, as per general ledger, . $219,953 00 Profits capital, as per general ledger, . 58,069 73 Unpaid dues, . 4,376 00 266 00 Dues paid in advance, . Total, Total Value. Shares in Force. Value per Share. D ate of Issu e. Series. Reconciliation of Share Account with Dues and Profits Capital. • • $282,398 73 Total, . . . Number of shares issued during the y e a r , ............................................665 Number of shares now in f o r c e , .....................................................3,917 Number of shares now borrowed u p o n ,............................................1,347 . . . . 25 Largest number of shares held by any one member, Number of shares withdrawn during the y e a r , ................................... 303 Number of shares matured during the y e a r ,............................................199 Highest rate of premium or interest received on money sold during the year: 5 cents premium. Lowest rate of premium or interest received on money sold during the year: 5 cents premium. Rate of profits distributed: first term, 3 per cent.; second term, 3 per cent. Number of members withdrawn during the y e a r ,................................... 82 Present number of m em bers,......................................................................697 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $282,398 73 98 REPORT OF THE [Pub. Doc. Present number of borrowers,......................................................................... 250 Present number of non-borrowers,.................................................................447 Number of loans secured by first mortgage of real estate, . . . 272 Number of loans on s h a r e s , ........................................................................... 59 Largest loan to any one member...........................................................................$3,000 00 Smallest loan to any one m em ber,...................................................................... 50 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 1,209 69 Date of examination by commissioner : March 22. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] 99 SAYINGS BANK COMMISSIONERS. G R A F T O N C O -O P E R A T IV E B A N K — G R A F T O N . Incorporated Oct. 19, 1887. Commenced business Nov. 10, 1887. J o s e p h A . D o d g e , Secretary and Treasurer. E l l s w o r t h E . H o w e , President. Names of security committee: J o h n E . M cC l e l l a n , Ou t e r M . W in g , A l b e r t L. F i s h e r . Regular meetings the second Thursday of each month. B a la n c e S h e e t O ct . 31, 1901. L ia b il it ie s . A ssets. Loans on real estate, Loans on shares, . Unpaid interest, Cash in hands of treasurer, . |55,926 2,632 111 3,583 00 00 85 44 Dues capi tal , . . . . Profits capital (ail series), Guaranty fund, Surplus, . . . . . $48,462 11,244 925 1,621 00 56 00 73 $62,253 29 $62,253 29 Detailed Statement of Receipts and Disbursements fo r the Year ending Oct. 3 1 ,1 9 0 1 . D is b u r s e m e n t s . R e c e ip t s . $13,826 00 From dues capital, . 3,825 28 interest............................ 18 37 fines, . . . . 2 00 transfer fees, 14,375 00 real estate loans repaid, 3,152 00 share loans repaid, 97 14 withdrawal profits, 51 00 membership fees,. 1,480 41 Cash on hand Oct. 31, 1900, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $36,827 20 For real estate loans, . share loans, . dues capital withdrawn, dues capital retired, dues capital matured, . profits capital withdrawn, profits capital retired, profits capital matured, . temporary expenses, interest on retired shares, Cash on hand Oct. 31, 1901, . $15,900 1,597 6,287 2,603 3,174 859 1,009 1,434 356 22 3,583 00 00 00 00 00 83 22 44 42 85 44 $36,827 20 100 R EPO R T O F TH E [Pub. Doc. Total Amount o f Loans at Specified Rates of Interest. L oans on K eal E . state L Sh ares. oans on Amount. Rate. Amount. Rate. Amount. Rate. $55,926 00 6.50 per cent. - - $2,632 00 7.00 per cent. 6 $200 00 187 92 7 8 176 28 9 164 95 10 154 07 11 143 45 12 133 21 13 123 25 14 113 61 15 104 31 16 95 33 86 51 17 18 78 07 19 69 88 20 61 88 21 54 16 22 46 70 23 39 40 24 32 34 25 25 50 26 18 84 12 38 27 28 6 10 Total, Total Value. . . . . . . . . . . . . . . . . . . . . . . . Shares in Force. May, 1890, Nov., 1890, May, 1891, Nov., 1891, May, 1892, Nov., 1892, May, 1893, Nov., 1893, May, 1894, Nov., 1894, May, 1895, Nov., 1895, May, 1896, Nov., 1896, May, 1897, Nov., 1897, May, 1898, Nov., 1898, May, 1899, Nov., 1899, May, 1900, Nov., 1900, May, 1901, Series. D Ia s t s e u e o . f Value per Share. Reconciliation of Share Account with Dues and Profits Capital. 24 10 33 27 36 10 7 20 11 49 18 8 30 27 37 59 8 43 85 135 148 196 132 $4,800 1,879 5,817 4,453 5,546 1,434 932 2,465 1,249 5,111 1,715 692 2,342 1,886 2,289 3.195 373 1,694 2,748 3,442 2,788 2,426 805 00 20 24 65 52 50 47 00 71 19 94 08 10 76 56 44 60 20 90 50 32 48 20 $60,090 56 Dues capital, as per general ledger, . Profits capital, as per general ledger, . Unpaid dues, . Total, $48,462 00 11,244 56 384 00 $60,090 56 Number of shares issued during the y e a r , ............................................348 Number of shares now in f o r c e , .................................................... 1,153 Number of shares now borrowed u p o n ,.................................................... 397 Largest number of shares held by any one member, . . . .2 5 Number of shares withdrawn during the year, . . . . . 179 N umber of shares retired during the y e a r , ............................................21 Number of shares matured during the y e a r ,............................................23 Highest rate of premium or interest received on money sold during the year: 7 per cent. Lowest rate of premium or interest received on money sold during the year: 6^ per cent. Rate of profits distributed: first term, 3 per cent.; second term, 3 per cent. Number of members withdrawn during the y e a r ,...................................31 Present number of members, . . .....................................................185 Present number of borrowers,..................................................... ....... .6 6 Present number of non-borrowers,............................................................119 Number of loans secured by first mortgage of real estate, . . .6 2 Number of loans on s h a r e s , ......................................................................21 Largest loan to any one m e m b e r ,......................................................................$4,900 00 Smallest loan to any one m em ber,...................................................................... 20 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 356 42 Date of examination by commissioner : May 6. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] SAYINGS BANK COM M ISSIONERS. 101 G R O V E L A N D C O -O P E R A T IV E B A N K — G R O V E L A N D . Incorporated Nov. 4, 1895. Commenced business Nov. 19, 1895. A . S h i r l e y L a d d , Secretary and Treasurer. E d w a r d H . P a r k e r , President. Names of security committee : E . H . G eorge, E d w a r d H a r r in g t o n , W . H . D e w h ir s t . Regular meetings the third Tuesday of each month. B a lan c e S h e e t O ct 31, 1901. L ia b il it ie s . A ssets. Loans on real estate, Loans on shares, . Permanent expense account, Real estate by foreclosure, . Unpaid interest, Unpaid fi nes, . . . . Cash in hands of treasurer, . $19,600 2,500 221 1,078 115 10 3,144 00 00 01 16 50 12 42 Dues capital, Profits capital (all series), . Guaranty fund, . Surplus, . . . . $23,274 3,311 45 38 00 57 45 19 $26,669 21 $26,669 21 Detailed Statement of Receipts and Disbursements fo r the Year ending Oct. 3 1 ,1 9 0 1 . R D e c e ip t s . From dues capital,. interest, premiums, . fines, . . . . transfer fees, real estate loans repaid, share loans repaid, withdrawal profits, real estate by foreclosure, . . . . Cash on hand Oct. 31, 1900, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $7,131 00 1,153 18 60 78 95 25 2,880 00 810 00 34 34 is b u r s e m e n t s . For real estate loans, . share loans, . dues capital withdrawn, profits capital withdrawn, temporary expenses, permanent expenses, forfeited shares, real estate by foreclosure, Cash on hand Oct. 31, 1901, $6,950 2,795 1,237 137 144 186 25 35 3,144 00 00 00 45 21 40 96 98 42 46 66 2,521 44 $14,656 42 $14,656 42 102 R EPO R T O F T H E [Pub. Doc Total Amount of Loans at. Specified Bates of Interest. L oans on Amount. Rate. $7,800 00 11,600 00 5.25 per cent. 6.00 R eal E state . L Amount. $200 00 Sh ares. oans on Rate. Amount. Rate. 6.30 per cent. $2,235 00 265 00 5.25 per cent. 6.00 / Reconciliation of Share Account with Dues and Profits Capital. Date o f Issue. Nov., May, Nov., May, Nov., May, Nov., May, Nov., May, Nov., May, 1895, 1896, 1896, 1897, 1897, 1898, 1898, 1899, 1899, 1900, 1900, 1901, 'C m . . . . . . . . . . . . 1 2 3 4 5 6 7 8 9 10 11 12 Total, 2* 3Ä > $85 77 69 61 53 46 39 32 25 18 12 6 78 42 30 42 77 34 13 12 32 72 31 08 C ÌS m 141 39 7 39 25 •25 49 28 12 64 107 102 3 c3 O H $12,094 3,019 485 2,395 1,344 1,158 1,917 899 303 1,198 1,317 620 98 38 10 38 25 50 37 36 84 08 17 16 $26,753 57 Dues capital, as per genera! ledger, . Profits capital, as per general ledger, . Unpaid dues, . Total, Number of shares issued during the y e a r , ............................................211 Number of shares now in f o r c e , .....................................................638 Number of shares now borrowed u p o n ,.................................................... 163 Largest number of shares held by any one member, . . . . 25 Number of shares withdrawn during the y e a r , ................................... 3 7 Highest rate of premium or interest received on money sold during the year: 6 per cent. Lowest rate of premium or interest received on money sold during the year: 5^ per cent. Rate of profits distributed: first term, 2£ per cent.; second term, 2£ per cent. Number of members withdrawn during the year, . . . . . 10 Present number of members, . . ............................................ . 140 Present number of b o r r o w e r s , .................................................... . 35 Present number of non-borrowers,.................................................... . 105 Number of loans secured by first mortgage of real estate, . 26 Number of loans on s h a r e s , ............................................................. 9 Largest loan to any one m e m b e r ,.................................................... , f Smallest loan to any one m em ber,.................................................... Amount of expenses of the corporation for the year ending Oct. 31, 1901, . Date of examination by commissioner : March 26. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $23,274 00 3,311 57 168 00 $26,753 57 $1,600 00 20 00 161 81 No. 8.] 103 SAVINGS BANK COM M ISSIONERS G U A R D IA N C O -O P E R A T IV E B A N K - B O ST O N . Incorporated July 2, 1886. Commenced business Aug. 6, 1886. D a n ie l E l d r e d g e , Secretary and Treasurer. H e n r y P. O a k m a n , President. Names of security committee: J o h n C. C o o k , H. P. O a k m a n , E l b r id g e K . N e w h a l l , W a l t e r H . R o berts, J a m es M . S im t s o n . Regular meetings the first Friday of each month. Ba l a n c e S h e e t O ct . 31, 1901. A ssets. L Loans on real estate, $221,250 00 Loans on shares, . 6,700 00 Temporary expense account, 575 00 12,619 25 Real estate by foreclosure, . Mortgages, . . . . 6,234 81 Unpaid interest, 780 47 13 05 Unpaid premiums, Unpaid fines, . . . . 55 02 Cash in hands of treasurer, . 5,959 55 ia b il it ie s . Dues capital, Profits capital (all series), . Interest, . . . . Premiums, . . . . F i n e s , ................................... Transfer fees, Withdrawal profits, Guaranty fund, . Surplus, . . . . Forfeited share account, Retired share account, $254,187 15 $214,367 27,458 5,180 109 195 301 3,200 872 44 2,455 00 33 37 95 73 50 85 00 84 90 68 $254,187 15 Detailed Statement of Receipts and Disbursements for the Year endinq Oct. 3 1 ,1 9 0 1 . R e c e ip t s . D $68,907 00 From dues capital,. 12,970 97 interest, 294 28 premiums, . 494 91 fines, . . . . 5 25 transfer fees, 34,100 00 real estate loans repaid, real estate loans elimi 4,000 00 nated by foreclosure, real estate loans elimi nated by maturity of 1,800 00 shares, 9,300 00 share loans repaid, 559 84 withdrawal profits, 3 50 forfeiture profits, . real estate by foreclos 1,546 00 ure, . . . . 53,157 66 retired share account, . 3,938 00 matured share account, 1,266 94 mortgages, . 13,881 26 Cash on hand Oct. 31,1900, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $206,225 61 is b u h s e m e n t s . For real estate loans, share loans, . dues capital withdrawn, dues capital forfeited, dues capital retired, dues capital matured, profits capital withdrawn, profits capital forfeited,. profits capital retired, . profits capital matured, temporary expenses, interest on retired shares, interest on m a t u r e d shares, . . . . real estate by foreclosure, retired share account, . matured share account, . surplus, . . . . mortgages, Cash on hand Oct. 31, 1901, . $45,700 6,600 17,931 220 48,919 4,316 2,239 14 8,441 1,749 2,199 448 00 00 00 00 00 00 93 00 65 18 89 87 73 5,680 50,701 3,938 43 1,050 5,959 08 48 98 00 00 00 55 $206,225 61 104 R EPO R T O F TH E [Pub. Doc Total Amount of Loans at Specified Rates of Interest. L oans on R eal E state . Loans on Sh ares. Amount. Rate. Amount. Rate. Amount. Rate. $145,700 00 600 00 68,150 00 5.00 per cent. 5.25 “ 6.30 » $4,800 00 2,000 00 6.60 per cent. 7.20 $6,700 00 5.00 per cent. . . . . . . . . . . . . . . . • • . . . . . . . 8 $197 98 9 186 63 10 175 53 11 164 75 12 154 33 13 144 20 134 39 14 124 91 15 16 115 72 106 77 17 18 98 07 19 89 63 20 81 43 21 73 47 22 65 72 23 58 21 24 50 93 25 43 85 26 36 97 30 25 27 23 70 28 29 17 31 30 11 08 31 5 00 Dues paid in advance, . Total, • Total Value. 1889, 1890, 1890, 1891, 1891, 1892, 1892, 1893, 1893, 1894, 1894, 1895, 1895, 1896, 1896, 1897, 1897, 1898, 1898, 1899, 1899, 1900, 1900, 1901, Shares in Force. Series. L ate op I ssu e. Dec., June, Dec., June, Dec., June, Dec., June, Dec., June, Dec., June, Dec., June, Dec., June, Dec., June, Dec., June, Dec., June, Dec., June, Value per Share. Reconciliation of Share Account with Dues and Profits Capital. 34 50 13 29 28 75 28 82 9 74 27 64 223 83 362 434 491 342 473 433 414 497 731 656 $6,731 9,331 2,281 4,777 4,321 10,815 3,762 10,242 1,041 7,900 2,647 5,736 18,158 6,098 23,790 25,263 25,006 14,996 17,486 13,098 9,811 8,603 8,099 3,280 32 50 89 75 24 00 92 62 48 98 89 32 89 01 64 14 63 70 81 25 80 07 48 00 Dues capital, as per general ledger, . $214,367 00 Profits capital, as per general ledger, . 27,458 33 1,760 00 Unpaid dues, . 301 00 $243,585 33 Total, Number of shares issued during the y e a r , ................................... 1,421 Number of shares now in f o r c e , .................................................... 5,652 Number of shares now borrowed u p o n ,............................................1,279 Largest number of shares held by any one member................................. 25 Number of shares withdrawn during the y e a r , ................................... 541 Number of shares forfeited during the y e a r ,............................................20 Number of shares retired during the y e a r , ............................................665 Number of shares matured during the y e a r ,............................................30 Highest rate of premium or interest received on money sold during the year: 5 per cent. Lowest rate of premium or interest received on money sold during the year : 5 per cent. Rate of profits distributed: first term, 2£ per cent.; second term, 2£ per cent. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $243,585 33 No. 8.] SAYINGS BANK C O M M IS S IO N E D . 105 Number of members withdrawn during the y e a r ,................................... 140 Present number of m em bers,.................................................... 777 Present number of borrowers,......................................................................... 134 Present number of non-borrowers,.................................................................643 Number of loans secured by first mortgage of real estate, . . . 130 Number of loans on s h a r e s , ........................................................................... 32 Largest loan to any one member........................................................................... $4,800 00 Smallest loan to any one m em ber,...................................................................... 50 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 2,199 89 Date of examination by commissioner: April 23. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 106 [Pub. Doc, R EPO R T O F TH E H A M P T O N C O -O P E R A T IV E B A N K — E A S T H A M P T O N . Incorporated March 24, 1900. Commenced business April 2, 1900. J o s e p h W. E w in g , Secretary. Louis N. D i b b l e , Treasurer. E d w a r d W. S m i t h , President. Names of security committee: W il l ia m L. P i t c h e r , H a r l a n J. P o r t e r , L o u is N . D i b b l e . Regular meetings the first Monday of each month. B a la n c e S h e e t O ct . 31, 1901. A ssets. Loans on real estate, Loans on shares, . Permanent expense account, . Unpaid fines, . . . . Cash in hands of treasurer, . L $10,225 125 217 3 331 00 00 18 70 80 ia b il it ie s . Dues capital, . . . . Profits capital (all series), . Guaranty fund, Surplus,................................... Forfeited share account, Interest, . . . . $10,902 68 $10,480 307 3 12 83 15 00 50 43 99 00 76 $10,902 68 Detailed Statement of Receipts and Disbursements for the Year endina Oct. 3 1 ,1 9 0 1 . R e c e ip t s . From dues capital,. interest, premiums, . fines, . . . . share loans repaid, permanent expense, Cash on hand Oct. 31, 1900, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis D $8,010 402 4 10 10 5 137 00 79 95 99 00 40 39 $8,581 52 is b u r s e m e n t s . For real estate loans, . share loans, . dues capital withdrawn, profits capital withdrawn, temporary expenses, permanent expenses, interest • • Cash on hand Oct. 31, 1901, . $6,250 135 1,704 19 102 36 2 331 00 00 00 25 52 11 84 80 $8,581 52 No. 8.] SAVINGS BANK COMMISSIONERS 107 Total Amount of Loans at Specified Rates of Interest. L oans on R eal E sta te. Amount. Rate. $9,325 00 6.00 per cent. L oans on Sha k es. Amount. Rate. $900 00 Amount. 6.60 per cent. $125 00 Rate. 6.00 per cent. L ate oe I ssu e. Series. Value per Share. Shares in Force. Total Value. Reconciliation of Share Account with Dues and Profits Capital. April, 1900,. Nov., 1900,. May, 1901,. 1 2 3 $19 65 12 26 6 06 394 170 120 $7,742 10 2,084 20 727 20 Dues paid in advance, . Total, Dues capital, as per general ledger, . Profits capital, as per general ledger, . Unpaid dues, . $10,480 00 * 307 50 95 00 329 00 $10,882 50 Total, $10,882 50 Number of shares issued during the y e a r , ............................................355 Number of shares now in f o r c e , ............................................................. 684 Number of shares now borrowed u p o n ,.....................................................75 Largest number of shares held by any one member, . . . . 25 Number of shares withdrawn during the year, . . . . . 170 Number of shares forfeited during the y e a r ,............................................22 Highest rate of premium or interest received on money sold during the year: 6 6-10 per cent. Lowest rate of premium or interest received on money sold during the year: 6 per cent. Rate of profits distributed: first term, 3 per cent.; second term, If per cent. Number of members withdrawn during the y e a r ,................................... 58 Present number of m em b ers,................................................... 163 Present number of borrowers,........................................................................... 10 Present number of non-borrowers,.................................................................153 Number of loans secured by first mortgage of real estate, . . ^ 11 Number of loans on s h a r e s , ............................................................................. 2 Largest loan to any one m e m b e r ,...................................................................... $2,200 00 Smallest loan to any one m em ber,......................................................................' 10 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 114 23 Date of examination by commissioner: September 30. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis REPORT OF THE 108 [Pub. Doc H A V E R H IL L C O -O P E R A T IV E B A N K — H A V E R H IL L . Incorporated Aug. 20, 1877. Commenced business Sept. 3, 1877. W il l ia m H . P a g e , Secretary and Treasurer. A mos W . D o w n in g , President. Names of security committee: J ackson W e b st e r , C h a r l e s S h a p l e ig h , W a r r e n W . P otter . Regular meetings the first Monday of each month. 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. $283,000 00 Loans on real estate, 10,350 00 Loans on shares, . 41,466 82 Real estate by foreclosure, . Unpaid interest. 5,976 88 Unpaid premiums,. 6 75 230 02 Unpaid fines, . . . . 15,000 00 City of Haverhill, Mass., 4 s ,. 8,000 00 City of Brockton, Mass., 4 s ,. 6,000 00 City of Somerville, Mass., 4s, 5,000 00 County of Aroostook, Me , 4^s, 551 22 Personal account, . 116 50 Insurance account, 11,964 05 Cash in hands of treasurer, . Dues capital, Profits capital (all series), Guaranty fund, Surplus, . . . . Forfeited share account, . $387,662 24 $325,212 57,505 3,800 939 205 00 58 00 12 54 $387,662 24 Detailed Statement of Receipts and Disbursements for the Year endinq Oct. 3 1 ,1 9 0 1 . R e c e ip t s . D is b u r s e m e n t s . $79,861 00 From dues capital,. interest, 16,888 18 51 98 premiums, . 441 12 fines, . . . . 2 75 transfer fees, 33,100 00 real estate loans repaid, real estate loans elimi11,700 00 nated bj^oreclosure, real estate loans eliminated by maturity of 9,700 00 shares, 12,450 00 share loans repaid, 366 93 withdrawal profits, 31 75 forfeiture profits, . 670 70 forfeited shares, . real estate by foreclos5,354 12 ure, . . . . retired share account, . 43,497 21 32,895 26 matured share account, 1 00 profits, . . . . 36 00 insurance, 39 06 personal account, 7,000 00 bonds, . . . . 10,555 03 Cash on hand Oct. 31, 1900, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $264,642 09 For real estate loans, share loans, . dues capital withdrawn, dues capital forfeited, dues capital retired, dues capital matured, . profits capital withdrawn, profits capital forfeited, . profits capital retired, profits capital matured,. temporary expenses, forfeited shares, interest on retired shares, interest on m a t u r e d shares, . . . . real estate by foreclosure, retired share account, . matured share account, . surplus, . . . . insurance, personal account, . Cash on hand Oct. 31, 1901, $19,450 14,050 28,520 2,270 40,080 32,576 3,668 317 6,416 12,154 2,398 981 113 00 00 00 00 00 00 66 43 30 85 31 34 70 141 12,917 43,497 32,895 1 70 158 11,964 24 88 21 26 00 00 86 05 $264,642 09 No. 8.] SAYINGS BANK COMMISSIONERS 109 Total Amount of Loans at Specified Rates of Interest. L oans on R ea l E sta te. Amount. Rate. L oans on Sh a res. Amount. Rate. Amount. Rate. $1,000 00 6.30 per cent. $10,350 00 5.00 per cent. * $269,200 00 12,800 00 5.00 per cent. 6.00 . . . . . . . . . . . . . . . . . . . . . . . . 22 $195 78 23 184 59 24 173 73 25 163 25 26 153 06 143 17 27 28 133 63 29 124 38 30 115 37 31 106 69 32 98 28 33 90 07 34 82 10 74 33 35 36 66 78 59 38 37 38 52 16 45 13 39 40 38 27 41 31 56 42 25 00 43 18 57 44 12 26 45 6 07 Dues paid in advance, . Total, Total Value. Nov , 1889, May, 1890, Nov., 1890, May, 1891, Nov., 1891, May, 1892, Nov., 1892, May, 1893, Nov., 1893, May, 1894, Nov., 1894, May, 1895, Nov., 1895, May, 1896, Nov., 1896, May, 1897, Nov., 1897, May, 1898, Nov., 1898, May, 1899, Nov., 1899, May, 1900, Nov., 1900, May, 1901, Shares in Force. D ate o p ' Issu e. Value per Share. Series. Reconciliation of Share Account with Dues and Profits Capital. 79 103 154 125 133 177 88 123 171 131 130 202 285 245 309 325 127 485 323 390 459 668 475 828 $15,466 19,012 26,754 20,406 20,356 25,341 11,759 15,298 19,728 13,976 12,776 18,194 23,398 18,210 20,635 19,298 6,624 21,888 12,361 12,308 11,475 12,404 5,823 5,025 62 77 42 25 98 09 44 74 27 39 40 14 50 85 02 50 32 05 21 40 00 76 50 96 Dues capital, as per general ledger, . Profits capital, as per general ledger, . Unpaid dues, . 57,505 58 5,990 00 * 182 00 • $388,707 58 Total, Number of shares issued during the year, . . . . . 1,387 Number of shares now in f o r c e , .................................................... 6,535 Number of shares now borrowed u p o n ,............................................1,682 Largest number of shares held by any one member, . . . . 25 Number of shares withdrawn during the y e a r , ................................... 768 Number of shares forfeited during the y e a r , ............................................93 Number of shares retired during the y e a r , ............................................512 Number of shares matured during the y e a r ,............................................224 Highest rate of premium or interest received on money sold during the year: 5 per cent. Lowest rate of premium or interest received on money sold during the year: 5 per cent. Rate of profits distributed: first term, 2 per cent.; second term, 2 per cent. Number of members withdrawn during the y e a r ,...................................185 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $325,212 00 $388,707 58 110 REPORT OF THE [Pub. Doc. Present number of m em b ers,...................................................................... 1,004 Present number of borrowers,......................................................................... 258 Present number of non-borrowers,................................................................ 746 Number of loans secured by first mortgage of real estate, . . . 208 Number of loans on s h a r e s , ........................................................................... 50 Largest loan to any one m e m b e r ,...................................................................... $5,000 00 Smallest loan to any one m em ber,...................................................................... 50 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901 2,398 31 Date of examination by commissioner : September 6. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] SAYINGS BANK COMMISSIONERS. Ill H E N R Y W IL S O N C O -O P E R A T IV E B A N K — N A T IC K . Incorporated Oct. 23, 1886. Commenced business Nov. 12, 1886. J ohn R . A d a m s , President. E r d ix T . T u r n e r , Secretary. H a r v e y H . W h it n e y , Treasurer. Names of security committee: JUDSON E. SwEETLAND, DANIEL C. FELTON, D a n ie l A. M a h o n e y , F r a n c is C. P e r r y , H a r v e y H . W h it n e y . Regular meetings the second Friday of each month. B a la n c e S h e e t O ct . 31, 1901. L ia b il it ie s . A ssets. $118,650 00 Loans on real estate, 11,350 00 Loans on shares, . 218 25 Permanent expense account,. 26,525 00 Real estate by foreclosure, . 2,113 61 Unpaid interest, 152 30 Unpaid premiums, 210 29 Unpaid fines, . . . . 289 85 Insurance account, 9,891 89 Cash in hands of treasurer, . Dues capital, Profits capital (all series), . Guaranty fund, . Surplus, . . . . Forfeited share account, $138,540 26,688 1,050 3,090 31 00 49 81 63 26 $169,401 19 $169,401 19 Detailed Statement of Receipts and Disbursements fo r the Year ending Oct. 3 1 ,1 9 0 1 . D is b u r s e m e n t s R e c e ip t s . $30,373 00 From dues capital,. 6,979 41 interest, 134 45 premiums, . 167 16 fines, . . . . 1 50 transfer fees, 10,750 00 real estate loans repaid, real estate loans elimi1,900 00 nated by foreclosure, real estate loans eliminated by maturity of 1,000 00 shares, 4,050 00 share loans repaid, 283 88 withdrawal profits, 11 25 insurance account, 1,404 64 rents, . . . . 5,482 98 Cash on hand Oct. 31, 1900, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $62,538 27 For real estate loans, . share loans, . dues capital withdrawn, dues capital retired, dues capital matured, . profits capital withdrawn, profits capital retired, profits capital matured, . temporary expenses, interest on retired shares, interest on matured shares, . . . . real estate by foreclosure, insurance account,. maintaining real estate, . Cash on hand Oct. 31, 1901, . $9,300 5,250 8,991 7,118 10,763 1,139 2,083 4,037 798 29 00 00 00 00 00 71 18 86 09 94 7 1,900 53 1,174 9,891 48 00 15 97 89 $62,538 27 112 REPORT OF THE [Pub. Doc. Total Amount of Loans at Specified Bates of Interest. L oans on R eal E state. L oans on Sh a res. Amount. Rate. Amount. Rate. Amount. Rate. $61,650 00 2,300 00 5.00 per cent. 5.25 “ $9,050 00 45,650 00 6.00 per cent. 6.30 “ $9,800 00 700 00 850 00 5.00 per cent. 6.00 “ 6.30 “ Nov., 1889, . May, 1890, . Nov., 1890, . May, 1891, . Nov., 1891, . May, 1892, . Nov., 1892, . May, 1893, . Nov., 1893, . May, 1894, . Nov., 1894, . May, 1895, . Nov., 1895, . May, 1896, . Nov., 1896, . May, 1897. . Nov., 1897, . May, 1898, . Nov., 1898, . May, 1899, . Nov., 1899, . May, 1900, . Nov., 1900, . May, 1901, . 7 $196 27 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 185 12 174 32 163 84 153 72 143 88 134 33 125 03 116 02 107 26 98 76 90 52 82 49 74 73 67 15 59 75 52 50 45 42 38 49 31 71 25 08 18 60 12 26 6 06 Dues paid in advance, . Total, • • • Total Value. D ate of I ssu e. Shares in Force. Series. Valueper Share. Beconciliation of Share Account with Dues and Profits Capital. 23 47 69 75 27 67 95 58 58 81 124 140 58 99 148 82 36 60 165 221 221 255 241 152 $4,514 8,700 12,028 12,288 4,150 9,639 12,761 7,251 6,729 8,688 12,246 12,672 4,784 7,398 9,938 4,899 1,890 2,725 6,350 7,007 5,542 4,743 2,954 921 21 64 08 00 44 96 35 74 16 06 24 80 42 27 20 50 00 20 85 91 68 00 66 12 Dues capital, as per gen$138,540 00 eral ledger, . Profits capital, as per 26,688 49 general ledger, . Unpaid dues, . 5,617 00 19 00 $170,845 49 Total, Number of shares issued during the y e a r , ............................................... 429 Number of shares now in f o r c e , ............................................................. 2,602 Number of shares now borrowed u p o n ,........................................................819 Largest number of shares held by any one member..................................25 Number of shares withdrawn during the y e a r , .......................................279 Number of shares retired during the y e a r , ................................................. 67 Number of shares matured during the y e a r ,................................................. 74 Highest rate of premium or interest received on money sold during the year: 6 per cent. Lowest rate of premium or interest received on money sold during the year: 5 per cent. Rate of profits distributed : first term, 2 | per cent.; second term, 2J per cent. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $170,845 49 No. 8.] SAVINGS BANK COMMISSIONERS. 113 Number of members withdrawn during the y e a r ,................................... 48 Present number of m em b ers,......................................................................... 365 Present number of borrowers,......................................................................... 105 Present number of non-borrowers,.................................................................260 Number of loans secured by first mortgage of real estate, . . .100 Number of loans on s h a r e s , ........................................................................... 44 Largest loan to any one m e m b e r ,...................................................................... $4,000 00 Smallest loan to any one m em ber,............................................................. ........ 50 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 798 09 Date of examination by commissioner : February 7. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis [Pub. Doc, REPORT OF THE 114 H IG H L A N D C O -O P E R A T IV E B A N K — BO ST O N . Incorporated Feb. 24, 1899. C h a r l e s L i f f l e r , President. Commenced business Feb. 27, 1899. T homas J. S p r o u l , Secretary and Treasurer. Names of security committee : J o seph E n g e l , G eorge F in n e r a n , A b r a h a m T. W e in z , J am es P. Cl e a r y . Regular meetings the third Monday of each month. B a la n c e S h e e t O ct . 31, 1901. A ssets. Loans on real estate, Loans on shares, . Permanent expense account, Suspense account, . Cash in hands of treasurer, . L ia b il it ie s . $45,550 575 225 104 7 00 00 00 93 06 Dues capital, Profits capital (all series), . Interest.................................... F i n e s , ................................... Withdrawal profits, Guaranty fund, . Surplus, . . . . $43,827 1,978 534 17 18 45 40 00 91 97 05 53 00 53 $46,461 99 $46,461 99 Detailed Statement of Receipts and Disbursements fo r the Year ending Oct. 3 1 ,1 9 0 1 . D is b u r s e m e n t s . R e c e ip t s . $24,641 00 From dues capital,. 1,824 88 interest, 84 03 fines, . . . . 50 transfer fees, 13,700 00 real estate loans repaid, 1,455 00 share loans repaid, 62 19 withdrawal profits, 62 18 Cash on hand Oct. 31, 1900, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $41,829 78 For real estate loans, . share loans, . dues capital withdrawn, profits capital withdrawn, temporary expenses, Cash on hand Oct. 31, 1901, . $31,175 1,480 8,717 310 139 7 00 00 00 78 94 06 $41,829 78 No. 8.] . 115 SAYINGS BANK COMMISSIONERS Total Amount of Loans at Specified Rates of Interest. L o a n s o n Sh a k e s . L oans on R ea l E sta te. Rate. Amount. Amount. Rate. Amount. Rate. $43,800 00 5.00 per cent. $1,750 00 5.50 per cent. $575 00 6.00 per cent. 1 2 3 4 5 6 $34 28 21 15 9 3 Dues paid in advance, . Total, • • 87 23 69 31 08 00 Total Value. . . . . . . Shares in Force. Series. D ate op Issu e. Feb., 1899, Aug , 1899, Feb., 1900, Aug., 1900, Feb., 1901, Aug., 1901, Value per Share. Reconciliation of Share Account with Dices and Profits Capital. 846 117 202 224 552 285 $29,500 3,302 4,381 3,429 5,012 855 02 91 38 44 16 00 Dues capital, as per general ledger, . Profits capital, as per general ledger, . Unpaid dues, . $43,827 00 1,978 91 719 00 44 00 $46,524 91 Total, $46,524 91 Number of shares issued during the y e a r , ............................................ 921 Number of shares now in f o r c e , .................................................... 2,226 Number of shares now borrowed u p o n ,.....................................................300 Largest number of shares held by any one member, . . . . 25 Number of shares withdrawn during the y e a r , ................................... 613 Highest rate of premium or interest received on money sold during the year: 6 per cent. Lowest rate of premium or interest received on money sold during the year: 5 per cent. Rate of profits distributed: first term, 2£ per cent ; second term, 2J per cent. Number of members withdrawn during the y e a r ,................................... 64 Present number of m em b ers,......................................................................... 250 Present number of borrowers,...........................................................................25 Present number of non-borrowers....................................................................225 Number of loans secured by first mortgage of real estate, . . . 20 Number of loans on s h a r e s , ............................................................................. 5 Largest loan to any one m e m b e r ,......................................................................$5,000 00 Smallest loan to any one’m em ber,...................................................................... 50 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 189 94 Date of examination by commissioner: February 8. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis [Pub. Doc REPORT OF THE 116 H IN G H A M C O -O P E R A T IV E B A N K — H IN G H A M . Incorporated June 1, 1889. Commenced business June 5, 1889. W a l t e r B. F o ster , Secretary and Treasurer. E b e d L. R ip l e y , President. Names of security committee: C. S u m n e r Cu s h in g , E dw ard W . B artlett, S tetson F o ster , F r a n c is M. R ip l e y , I ra G. H e r s e y . Regular meetings the first Wednesday of each month. 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. $212,950 00 Loans on real estate, 18,800 00 Loans on shares, . 1,783 76 Real estate by foreclosure, . Unpaid interest, 973 60 27 10 Unpaid premiums,. 116 56 Unpaid fines, . . . . 1,751 00 Personal account, . 7,820 58 Cash in hands of treasurer, . Dues capital, . . . . Profits capital (all series), Guaranty fund, Surplus, . . . . Forfeited share account, . $196,742 44,469 972 2,032 6 00 14 17 67 62 $244,222 60 $244,222 60 Detailed Statement of Receipts and Disbursements fo r the Year ending Oct. 3 1 ,1 9 0 1 . D is b u r s e m e n t s . R e c e ip t s . $44,449 00 From dues capital,. 12,690 81 interest, 315 92 premiums, . 688 36 fines, . . . . 2 25 transfer fees, 26,400 00 real estate loans repaid, real estate loans elimi3,000 00 nated by foreclosure, real estate loans eliminated by maturity of 6,200 00 shares, 2,100 00 share loans repaid, 628 91 withdrawal profits, 75 42 forfeiture profits, . 1,249 00 forfeited shares, . real estate by foreclos176 19 ure, . . . . 154 80 taxes, etc., . 4,253 72 Cash on hand Oct. 31, 1900, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $102,384 38 For real estate loans, . share loans, . dues capital withdrawn, dues capital forfeited, dues capital matured, profits capital withdrawn, profits capital forfeited, . profits capital matured, . temporary expenses, forfeited shares, interest on m a t u r e d shares, . . . . real estate by foreclosure, taxes, etc., security committee, personal account, . Cash on hand Oct. 31, 1901, . $55,700 10,750 13,831 1,228 4,056 2,519 302 1,881 1,065 1,249 00 00 00 00 00 05 13 36 28 00 49 15 154 12 1,751 7,820 14 00 80 04 00 58 $102,384 38 No. 8.] SAYINGS BANK COMMISSIONERS. 117 * Total Amount of Loans at Specified Rates of Interest. L oans on R ea l E sta te. K a te . A m o u n t. L oans on Sh a res. A m o u n t. $19,650 00 5.00 per cent. 104,550 00 5.25 “ 5,200 00 L5.50 “ R a te . $1,400 00 82,150 00 A m o u n t. 5.75 per cent. 6.30 “ $400 15,800 550 2,050 00 00 00 00 R a te . 5.00 per cent. 5.25 5.50 » 6.30 “ May, 1890, . Nov., 1890, . May, 1891, . Nov., 1891, . May, 1892, . Nov., 1892, . May, 1893, . Nov., 1893, . May, 1894, . Nov , 1894, . May, 1895, . Nov., 1895, . May, 1896, . Nov., 1896, . May, 1897, . Nov., 1897, . May, 1898, . Nov., 1898, . May, 1899, . Nov., 1899, . May, 1900, . Nov., 1900, . May, 1901, . 3 $198 40 4 186 53 175 00 5 163 78 6 152 94 7 142 45 8 132 28 9 122 44 10 112 91 11 12 103 67 94 73 13 14 86 05 15 77 63 69 48 16 61 56 17 18 53 89 19 46 46 20 39 23 32 23 21 22 25 42 18 81 23 24 12 37 6 10 25 18 8 113 101 154 104 78 99 168 92 177 73 189 118 212 198 154 192 243 300 354 290 280 • $3,571 1,492 19,775 16,541 23,552 14,814 10,317 12,121 18,968 9,537 16,767 6,281 14,672 8,198 13,050 10,670 7,154 7,532 7,831 7,626 6,658 3,587 1,708 20 24 00 78 76 80 84 56 88 64 21 65 07 64 72 22 84 16 89 00 74 30 00 Dues capital, as per general ledger, . Profits capital, as per general ledger, . Unpaid dues, . 44,469 14 1,261 00 ' • • $242,472 14 Total, Number of shares issued during the y e a r , ............................................ 587 Number of shares now in f o r c e , .................................................... 3,715 Number of shares now borrowed u p o n ,............................................1,467 Largest number of shares held by any one member, . . . . 25 Number of shares withdrawn during the year, . . . . 297 Number of shares forfeited during the y e a r ,............................................16 Number of shares matured during the y e a r ,............................................31 Highest rate of premium or interest received on money sold during the year: 5 | per cent. Lowest rate of premium or interest received on money sold during the year: 5 | per cent. Rate of profits distributed: first term, 2%per cent.; second term, 2i| per cent. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $196,742 00 39 00 Dues paid in advance, . Total, Total Value. Shares in Force. Series. Date op I ssu e. Value per Share. Reconciliation of Share Account with Dues and Profits Capital. $242,472 14 118 REPORT OF THE [Pub. Doc. Number of members withdrawn during the y e a r ,................................... 49 Present number of m em b ers,......................................................................... 466 Present number of borrowers,..........................................................................182 Present number of non-borrowers,.................................................................284 Number of loans secured by first mortgage of real estate, . . . 176 Number of loans on s h a r e s , ........................................................................... 88 Largest loan to any one m e m b e r ,...................................................................... $5,000 00 Smallest loan to any one m ember,...................................................................... 50 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 1,115 28 Date of examination by commissioner : September 17. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] 119 SAYINGS BANK COMMISSIONERS H O LBR O O K C O -O P E R A T IV E B A N K — H O LBR O O K . Incorporated May 11, 1888. Commenced business June 11, 1888. W. F. G le a so n , President. G eorge T. W i l d e , Secretary and Treasurer. Names of security committee: Z en a s A. F r e n c h , F r a n k B. D im a n , C h a r l e s H. M cCa r t e r . Regular meetings the second Tuesday of each month. B a lan c e S h e e t O c t . 31, 1901. L ia b il it ie s . A ssets. Loans on real estate, Loans on shares, . Temporary expense account, Unpaid interest, Unpaid premiums, Unpaid fi nes, . . . . Insurance account, Cash in hands of treasurer, . $33,600 225 55 1,161 55 64 13 3,017 00 00 93 82 26 91 00 93 Dues capital, Profits capital (all series), . Interest, . . . . Premiums, . . . . Fines, . . . . . Withdrawal profits, Guaranty fund, Surplus, . . . . $29,931 4,671 840 42 42 153 436 2,076 00 41 32 80 40 54 00 38 $38,193 85 $38,193 85 Detailed Statement of Receipts and Disbursements fo r the Year ending Oct. 3 1 ,1 9 0 1 . . D is b u r s e m e n t s . R e c e ip t s . From dues capital, . interest, premiums, . fines, . . . . transfer fees, real estate loans repaid, share loans repaid, withdrawal profits, real estate by foreclosure, . . . . matured share account, surplus, Cash on hand Oct. 31,1900, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $8,783 1,975 99 113 00 53 15 84 50 3,000 00 800 00 156 19 3,308 6,538 202 3,986 00 62 60 05 $28,963 48 For real estate loans, share loans, . dues capital withdrawn, dues capital matured, profits capital withdrawn, profits capital matured, . temporary expenses, interest on matured shares, real estate by foreclosure, matured share account, . insurance, surplus, . . . . Cash on hand Oct. 31, 1901, . $1,175 375 3,049 3.083 624 1,342 183 00 00 00 00 72 08 37 295 229 15,564 13 11 3,017 26 60 52 00 00 93 $28,963 48 REPORT OF THE 120 [Pub. Doc. Total Amount of Loans at Specified Rates of Interest. L oans on Sh a k es. L oans on R ea l E sta te. Amount. Rate. Amount. Rate. $33,600 00 6.30 per cent. - - Amount. $225 00 Rate. 6.30 per cent. 5 $191 67 180 81 6 169 57 7 158 91 8 10 138 29 11 128 43 12 118 84 109 52 13 14 100 53 15 91 75 16 83 19 74 94 17 18 66 91 19 59 13 20 51 61 21 44 34 22 37 29 30 46 23 24 23 83 25 17 38 11 10 26 5 00 •27 Dues paid in advance, . Total, • • 1 2 11 7 10 9 5 7 45 11 25 40 41 56 36 42 58 25 115 69 66 83 Total Value. Shares in Force. Series. D ate of Issu e. June, 1890, . Dec., 1890, . June, 1891, . Dec., 1891, . Dec., 1892, . June, 1893, . Dec., 1893, . June, 1894, . Dec., 1894, . June, 1895, . Dec., 1895, . June, 1896, . Dec., 1896, . June, 1897, . Dec , 1897, . June, 1898, . Dec., 1898, . June, 1899, . Dec., 1899, . June, 1900, . Dec., 1900, . June, 1901, . Value per Share. Reconciliation of Share Account with Dues and Profits Capital. $191 361 1,865 1,112 1,382 1,155 594 766 4,523 1,009 2,079 2,997 2,743 3,311 1,857 1,862 2,162 761 2,740 1,199 732 415 67 62 27 37 90 87 20 64 85 25 75 60 31 28 96 28 82 50 45 22 60 00 Dues capital, as per general ledger, . Profits capital, as per general ledger, . Unpaid dues, . $29,931 00 4,671 41 1,243 00 18 00 $35,845 41 Total, $35,845 41 Number of shares issued during the y e a r , ............................................165 Number of shares now in f o r c e , .............................................................764 Number of shares now borrowed u p o n ,.................................................... 186 Largest number of shares held by any one member, . . . . 25 Number of shares withdrawn during the year.......................................... 89 Number of shares matured during the y e a r ,............................................22 Highest rate of premium or interest received on money sold during the year: 6 3-10 per cent. Lowest rate of premium or interest received on money sold during the year: 6 3-10 per cent. Rate of profits distributed : first term, 3 per cent.; second term, 3 per cent. Number of members withdrawn during the y e a r ,...................................19 Present number of members............................................................................. 140 Present number of borrowers,........................................................................... 38 Present number of non-borrowers....................................................................102 Number of loans secured by first mortgage of real estate, . . . 36 Number of loans on s h a r e s , .............................................................................2 Largest loan to any one m e m b e r ,...................................................................... $3,600 00 Smallest loan to any one m em ber,...................................................................... 175 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 183 37 Date of examination by commissioner : June 7. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] SAYINGS BANK COMMISSIONERS. 121 H O L Y O K E C O -O P E R A T IV E B A N K — H O L Y O K E . Incorporated July 24, 1880. Commenced business Aug. 25, 1880. D w ig h t 0 . J u d d , Secretary and Treasurer. C h a r l e s L. N ew com b , President. Names of security committee: J ohn H. M ontgomery , W. H. B u l l a r d , T homas W. D o yle . Regular meetings the fourth Wednesday of each month.* B a l a n c e S h e e t O ct . 31, 1901. A ssets. L ia b il it ie s . $259,400 00 Loans on real estate, 19,150 00 Loans on shares, . Permanent expense account, . 185 40 6,192 95 Real estate by foreclosure, . Unpaid dues, . . . . 2,269 00 Unpaid interest, 1,227 35 59 74 Unpaid fines, . . . . 445 50 Furniture account,. 16,241 88 Cash in hands of treasurer, . Dues capi tal , . . . . Profits capital (all series), Guaranty fund, Forfeited share account, Profit and loss account, . $305,171 82 $258,584 43,973 1,655 80 878 00 18 20 65 79 $305,171 82 Detailed Statement of Receipts and Disbursements for the Year ending Oct. 3 1 ,1 9 0 1 . R e c e ip t s . D is b u r s e m e n t s . $79,924 00 From dues capital,. interest, 15,093 87 18 74 premiums, . 761 42 fines, . . . . 2 75 transfer fees, 52,700 00 real estate loans repaid, real estate loans elimi9,800 00 nated by foreclosure, real estate loans eliminated by maturity of 3,300 00 shares, 18,250 00 share loans repaid, withdrawal profits, 795 78 48 15 forfeiture profits, . 640 37 forfeited shares, . real estate by foreclosure, . . . . 5,769 81 temporary expense account, 87 00 Cash on hand Oct. 31, 1900, . 20,703 99 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $207,895 88 For real estate loans, share loans, . dues capital withdrawn, dues capital forfeited, dues capital retired, dues capital matured, profits capital withdrawn, profits capital forfeited, . profits capital retired, profits capital matured, . temporary expenses, permanent expenses, forfeited shares, interest on retired shares, interest on m a t u r e d shares, real estate by foreclosure, Cash on hand Oct. 31, 1901, . $87,850 21,300 36,607 989 17,741 2,702 4,627 102 5,423 1,107 1,924 36 587 58 00 00 00 00 00 00 39 23 66 80 91 00 37 51 72 61 10,524 52 16,241 88 $207,895 88 [Pub. Doc. REPORT OF THE 122 Total Amount of Loans at Specified Rates o f Interest. L oans on Sh a k es. L oans on R eal E sta te. Amount. Rate. Amount. Rate. Amount. Rate. $191,850 00 64,550 00 5.00 per cent. 6.00 “ $2,000 00 1,000 00 6.30 per cent. 6.54 “ $18,500 00 650 00 5.00 per cent. 6.00 Reconciliation of Share Account with Dues and Profits Capital. . . . . . . . . . . . . . . 26 52 56 72 59 83 59 80 125 108 124 309 233 175 235 441 440 495 589 568 336 1,084 691 20 $195 55 21 183 99 172 79 22 161 91 23 151 35 24 141 12 25 131 14 26 121 49 27 112 09 28 102 99 29 94 15 30 31 85 57 32 77 23 69 13 33 61 28 34 53 66 35 36 46 26 39 07 37 32 09 38 39 25 31 40 18 72 41 12 31 42 6 07 . . . . . . . . . Dues paid in advance, . Total, • • • . Total Value. Shares in Force. Series. Date or I ssue. May, 1890, Nov., 1890, May, 1891, Nov., 1891, May, 1892, Nov., 1892, May, 1893, Nov., 1893, May, 1894, Nov., 1894, May, 1895, Nov., 1895, May, 1896, Nov., 1896, May, 1897, Nov., 1897, May, 1898, Nov., 1898, May, 1899, Nov., 1899, May, 1900, Nov., 1900, May, 1901, Value per Share. A $5,084 30 9,567 48 9,676 24 11,657 52 8,929 65 11,712 96 7,737 26 9,719 20 14,011 25 11,122 92 11,674 60 26,441 13 17,994 59 12,097 75 14,400 80 23,664 06 20,354 40 19,339 65 18,901 01 14,376 08 6,289 92 13,344 04 4,194 37 Dues capital, as per gen$258,584 00 eral ledger, . Profits capital, as per general ledger, . 43,973 18 266 00 $302,557 18 Total, Number of shares issued during the y e a r , ................................... 1,999 Number of shares now in f o r c e , .....................................................6,440 Number of shares now borrowed u p o n ,............................................1,927 Largest number of shares held by any one member, . . . . 25 . . . . 1,119 Number of shares withdrawn during the year, Number of shares forfeited during the y e a r ,............................................72 Number of shares retired during the y e a r , ............................................ 175 Number of shares matured during the y e a r ,............................................ 19 Highest rate of premium or interest received on money sold during the year: 5 per cent. Lowest rate of premium or interest received on money sold during the year: 5 per cent. Rate of profits distributed: first term, 2 | per cent.; second term, 2 | per cent. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $302,557 18 No. 8.] SAYINGS BANK COMMISSIONERS. 123 Number of members withdrawn during the year.......................................205 Present number of m em b ers,...................................................................... 1,072 Present number of borrowers,......................................................................... 332 Present number of non-borrowers................................................................... 740 Number of loans secured by first mortgage of real estate, . . . 247 Number of loans on s h a r e s , ........................................................................... 85 Largest loan to any one m e m b e r ,......................................................................$5,000 00 50 00 Smallest loan to any one m em ber,.................................................... Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 1,879 70 Date of examination by commissioner : October 1. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis [Pub. Doc REPORT OF THE 124 H O M E C O -O P E R A T IV E B A N K — W O R C E S T E R . Incorporated June 10, 1882. Commenced business June 16, 1882. E. H. T o w n e , President. T. J. H a st in g s , Secretary and Treasurer. Names of security committee: D a n ie l P a r l in , E . J. B a r d w e l l , R . J am e s T a t m a n . Regular meetings the Friday preceding the third Monday of each month. B a l a n c e S h e e t O c t . 31, 1901. A ssets. L ia b il it ie s . $341,900 00 Loans on real estate, 14,780 00 Loans on shares, . 781 31 Temporary expense account, 3,578 57 Real estate by foreclosure, . 3,300 00 Mortgages, . . . . 17,710 29 Cash in hands of treasurer, . Dues capital, . . . . $310,723 00 Profits capital (all series), . 53,573 16 Interest, . . . . 7,049 60 F i n e s , ................................... 363 02 Guaranty fund, 3,250 00 Surplus, . . . . 6,970 93 120 46 Forfeited share account, $382,050 17 $382,050 17 Detailed Statement of Receipts and Disbursements for the Year endinq Oct. 3 1 ,1 9 0 1 . R e c e ip t s . D is b u r s e m e n t s . $95,884 00 From dues capital, 22,775 42 interest, 866 65 fines, . . . . transfer fees, 6 00 62,500 00 real estate loans repaid, real estate loans elimi3,400 00 nated by foreclosure, real estate loans eliminated by maturity of 7,200 00 shares, 9,995 00 share loans repaid, 479 41 withdrawal profits, 2 48 forfeiture profits, . 70 64 forfeited shares, . 194 68 expense account, . 22,838 43 Cash on hand Oct. 31, 1900, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $226,212 71 For real estate loans, . share loans, . dues capital withdrawn, dues capital forfeited, . dues capital retired, dues capital matured, profits capital withdrawn, profits capital forfeited, . profits capital retired, profits capital matured, . temporary expenses, forfeited shares, interest on retired shares, real estate by foreclosure, Cash on hand Oct. 31, 1901, . $69,050 11,270 30,203 72 52,973 17,239 4,659 6 8,877 7,834 1,734 78 924 3,578 17,710 00 00 00 00 00 00 56 83 72 65 61 64 84 57 29 $226,212 71 No. 8.] 125 SAYINGS BANK COM M ISSIONERS Total Amount of Loans at Specified Bates of Interest. L oans on R ea l E sta te. Amount. $303,850 16,050 10,100 6,300 Kate. 00 00 00 00 L oans on Sh a k es. Amount. 6 per cent. 6| 6^ 6f $1,800 800 2,600 400 Rate. 00 00 00 00 Amount. 6.1 per cent. 6| 6| “ 7 $14,080 440 75 185 00 00 00 00 Rate. 6 per cent. 6i 61 “ 6| Total Value. 139 17 $193 60 18 181 90 39 19 170 63 97 20 128 159 67 21 112 149 07 22 138 78 135 128 80 23 18 24 119 15 101 25 109 78 161 26 100 73 74 91 96 160 27 28 83 45 40 29 32 75 17 30 476 67 16 59 38 570 31 32 499 51 85 44 53 33 371 34 37 43 617 30 55 35 723 36 793 23 87 755 37 17 39 11 10 38 896 5 00 1,045 39 $26,910 7,094 16,551 20,437 16,695 18,735 2,318 12,034 17,674 7,454 14,713 3,338 2,405 31,968 33,846 25,873 16,520 23,094 22,087 18,928 13,129 9,945 5,225 Series. Shares in Force. Value per Share. Beconciliation of Share Account with Dues and Profits Capital. D ate op I ssu e. June, 1890, . Dec., 1890, . June, 1891, . Dec., 1891,. June, 1892, . Dec., 1892, . June, 1893, . Dec., 1893, . June, 1894, . Dec., 1894, . June, 1895, . Dec., 1895, . June, 1896, . Dec., 1896, . June, 1897, . Dec., 1897, . June, 1898, . Dec., 1898, . June, 1899, . Dec., 1899, . June, 1900, . Dec., 1900, . June, 1901, . • • Dues capital, as per general ledger, . Profits capital, as per general ledger, . Unpaid dues, . • • $367,329 16 Total, Number of shares issued during the y e a r , ................................... 1,962 Number of shares now in f o r c e , .................................................... 7,981 Number of shares now borrowed upon,............................................2,236 Largest number of shares held by any one member, . . . . 25 Number of shares withdrawn during the y e a r , ................................... 871 Number of shares forfeited during the y e a r ,............................................19 Number of shares retired during the y e a r , ............................................823 Number of shares matured during the y e a r ,............................................125 Highest rate of premium or interest received on money sold during the year: 6 per cent. Lowest rate of premium or interest received on money sold during the year: 6 per cent. Rate of profits distributed: first term, 3J per cent.; second term, 3£ per cent. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $310,723 00 53,573 16 3,033 00 347 00 Dues paid in advance, . Total, 40 10 11 76 84 30 40 15 58 02 60 00 44 16 60 15 63 31 65 91 45 60 00 $367,329 16 126 REPO R T O F T H E [Pub. Doc. Number of members withdrawn during the y ea r,................................... 150 Present number of m em bers,......................................................................... 862 Present number of b o r r o w e r s , .................................................................200 Present number of non-borrowers,................................................................ 662 Number of loans secured by first mortgage of real estate, . . . 187 Number of loans on s h a r e s , ........................................................................... 63 Largest loan to any one m e m b e r ,......................................................................$5,000 00 Smallest loan to any one m em ber,...................................................................... 50 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 1,539 93 Date of examination by commissioner: September 6. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] 127 SAVINGS BANK COM M ISSIONERS H O M E ST E A D C O -O P E R A T IV E B A N K — BO ST O N . Incorporated Sept. 11, 1877. Commenced business Sept. 12, 1877. D a n ie l E l d r e d g e , Secretary and Treasurer. W a l t e r H . R o b e r t s , President. Names of security committee : J a m e s M . S im p s o n , W a l te r H . R oberts, H e n r y P . Oa k m a n , J o h n C. C ook , W i l l i s S. M a so n . Regular meetings the second Wednesday of each month. B a la n c e S h e e t O ct . 31, 1901. A ssets. L ia b il it ie s . $316,850 00 Loans on real estate, Loans on shares, . 11,550 00 Temporary expense account, 350 00 6,830 69 Real estate by foreclosure, . Mortgages, . . . . 20,383 63 Unpaid interest, 1,860 10 Unpaid premiums, 48 65 141 54 Unpaid fi nes, . . . . Cash in hands of treasurer, . 12,835 10 $300,672 00 Dues capi tal, . . . . 47,901 26 Profits capital (all series), . 3.349 75 Interest, . . . . 84 24 Premiums, . . . . 156 54 F i n e s , ................................... Transfer fees, 1 25 221 46 Withdrawal profits, 4.350 00 Guaranty fund, . Surplus, . . . . 13,529 75 378 91 Forfeited share account, 204 55 Matured share account, $370,849 71 $370,849 71 Detailed Statement of Receipts and Disbursements for the Year endinq Oct. 3 1 , 1901. R e c e ip t s . D is b u r s e m e n t s . From dues capital,. $85,920 00 19,548 72 interest, premiums, . 575 49 fines, . . . . 979 63 transfer fees, 7 25 real estate loans repaid, 52,300 00 real estate loans elimi7,550 00 nated by foreclosure, real estate loans eliminated by maturity of 4,700 00 shares, 11,100 00 share loans repaid, 1,019 38 withdrawal profits, forfeiture profits, . 18 37 real estate by foreclos12,254 25 ure............................... 63,139 04 retired share account, . 7,034 98 matured share account, 3,992 53 mortgages, . 70 52 personal account, 6 00 surplus, tax title, 26 67 Cash on hand Oct. 31, 1900, . 14,623 71 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $284,866 54 For real estate loans, . share loans, . dues capital withdrawn, dues capital forfeited, . dues capital retired, dues capital matured, . profits capital withdrawn, profits capital forfeited,. profits capital retired, . profits capital matured,. temporary expenses, forfeited shares, interest on retired shares, interest on m a t u r e d shares, real estate by foreclosure, retired share account, . matured share account, mortgages, legal expenses, dues capital, . Cash on hand Oct. 31, 1901,. $66,550 10,950 25,963 762 51,981 8,245 4,078 73 14,098 3,542 2,180 2 765 00 00 00 00 00 00 48 54 14 36 62 00 19 48 9,206 63,139 7,034 3,380 25 6 12,835 38 71 04 98 00 00 00 10 $284,866 54 128 R EPO R T O F T H E [Pub. Doc. Total Amount of Loans at Specified Bates of Interest. L oans on R eal E sta te. Amount. $184,700 6,800 1,400 1,500 00 00 00 00 L o a n s o n Sh a r e s . Rate. Amount. Rate. Amount. Rate. 5.00 per cent. 5.25 5.50 5.75 “ $90,350 00 20,600 00 11,500 00 6.30 per cent. 6.60 6.90 “ $10,700 00 350 00 500 00 5.00 per cent. 5.25 6.30 Mar., 1890,. Sept., 1890,. Mar., 1891,. Sept., 1891,. Mar., 1892,. Sept., 1892,. Mar., 1893, . Sept., 1893,. Mar., 1894,. Sept., 1894,. Mar., 1895,. Sept., 1895,. Mar., 1896,. Sept., 1896,. Mar., 1897,. Sent., 1897,. Mar., 1898,. Sept., 1898,. Mar., 1899,. Sept., 1899,. Mar., 1900,. Sept., 1900,. Mar., 1901,. Sept,, 1901,. 26 $198 74 186 73 27 28 175 16 29 163 96 30 153 16 31 142 72 32 132 61 33 122 86 34 113 44 35 104 35 36 95 52 86 97 37 38 78 70 39 70 71 40 62 91 41 55 36 42 48 04 40 94 43 44 34 02 45 27 28 46 20 71 14 31 47 48 8 08 49 2 00 Dues paid in advance, . Total, 39 49 40 66 46 142 26 32 203 113 339 130 290 371 404 403 455 480 510 562 793 636 717 578 Total Value. Shares in Force. Value per Share. D ate of I ssu e. Series. Reconciliation of Share Account with Dues and Profits Capital. $7,750 9,149 7,006 10,821 7,045 20,266 3,447 3,931 23,028 11,791 32,381 11,306 22,823 26.233 25,415 22,310 21,858 19,651 17,350 15,331 16,423 9,101 5,793 1,156 86 77 40 36 36 24 86 52 32 55 28 10 00 41 64 08 20 20 20 36 03 16 36 00 Dues capital, as per general ledger, . Profits capital, as per general ledger, . Unpaid dues, . 47,901 26 3,109 00 309 00 $351,682 26 Total, Number of shares issued during the y e a r , ...................................1,576 Number of shares now in f o r c e , .....................................................7,424 Number of shares now borrowed u p o n ,............................................1,900 Largest number of shares held by any one member, . . . . 25 Number of shares withdrawn during the y e a r , ...................................705 Number of shares forfeited during the y e a r ,............................................39 Number of shares retired during the year, ............................................ 543 Number of shares matured during the y e a r ,............................................59 Highest rate of premium or interest received on money sold during the year: 5 per cent. Lowest rate of premium or interest received on money sold during the year: 5 per cent. Rate of profits distributed: first term, 2J per cent.; second term, 2\ per cent. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $300,672 00 $351,682 26 No. 8.] SAYINGS BANK COM M ISSIONERS. 129 Number of members withdrawn during the year..........................................147 Present number of m em b ers,.........................................................................915 Present number of borrowers,......................................................................... 194 Present number of non-borrowers,................................................................ 721 Number of loans secured by first mortgage of real estate, . . .190 Number of loans on s h a r e s , ........................................................................... 48 Largest loan to any one m e m b e r ,......................................................................$4,800 00 Smallest loan to any one m em ber,...................................................................... 50 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 2,180 62 Date of examination by commissioner : April 23. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 130 R EPO R T O F TH E [Pub. Doc. H O U S A T O N IC C O -O P E R A T IV E B A N K — G R E A T B A R R IN G T O N . Incorporated June 12, 1889. Commenced business July 12, 1889. N a t h a n ie l W a h n e h , President. J o h n F. B a il e y , Secretary. M ic h a e l J. L e a h e y , Treasurer. Names of* security committee : F. M. M o o r e , R. H. M c D o n a l d , E. S. T h a t c h e r . Regular meetings the first Monday of each month. B a la n c e S h e e t O ct . 31, 1901. A ssets. Loans on real estate, Loans on shares, Unpaid interest, Unpaid fines, . . . . Cash in hands of treasurer, . L ia b il it ie s . $24,700 500 119 8 498 00 00 34 24 46 D ues capital, . . . . Profits capital (all series), . Guaranty fund, Surplus,................................... $25,826 04 $21,728 3,824 194 79 00 04 21 79 $25,826 04 Detailed Statement of Receipts and Disbursements for the Year endinq Oct. 3 1 ,1 9 0 1 . R e c e ip t s . From dues capital,. interest, fines, . . . . transfer fees, real estate loans repaid, share loans repaid, withdrawal profits, Cash on hand Oct. 31, 1900, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis D is b u r s e m e n t s . $7,250 00 1,340 59 12 43 25 2,700 00 1,400 00 29 15 1,581 01 $14,313 43 For real estate loans, . share loans, . dues capital withdrawn, dues capital retired, profits capital withdrawn, profits capital retired, temporary expenses, interest on retired shares, Cash on hand Oct. 31, 1901, . $3,600 250 4,286 3,568 610 1,309 122 68 498 00 00 00 00 47 36 59 55 46 $14,313 43 No. 8.] 131 SAYINGS BANK COM M ISSIONERS Total Amount of Loans at Specified Rates of Interest. L oans on Sha k es. L oans on R ea l E sta te. Rate. Amount. Amount. Rate. Amount. Rate. $1,200 00 2,200 00 14,400 00 5.00 per cent. 5.25 “ 5.50 “ $2,100 00 4,800 00 5.75 per cent. 6.00 » $50 00 400 00 50 00 5.00 per cent. 5.50 6.00 Jan., 1890, . Jan., 1891,. July, 1891,. Jan., 1892,. July, 1892,. July, 1893,. Jan., 1894, . July, 1894, . Jan., 1895, . Nov , 1895, . Nov., 1896, . May, 1897, . Nov., 1897, . May, 1898,. Nov., 1898, . May, 1899, . Nov., 1899, . May, 1900, . Nov., 1900, . May, 1901, . 2 $198 22 176 18 4 165 71 5 155 58 6 145 58 7 126 40 9 10 117 15 108 12 11 99 33 12 85 08 13 68 97 15 61 26 16 53 73 17 46 36 18 19 39 21 20 32 22 25 42 21 22 18 82 12 38 23 24 6 10 1 12 6 9 9 22 10 4 15 19 9 33 25 8 37 44 59 103 76 97 T o t a l , ................................... Total Value. Shares in Force. Value per Share. D ate op Issu e. Series. Reconciliation of Share Account with Dues and Profits Capital. $198 2,114 994 1,400 1,310 2,780 1,171 432 1,489 1,616 620 2,021 1,343 370 1,450 1,417 1,499 1,938 940 591 22 16 26 22 22 80 50 48 95 52 73 58 25 88 77 68 78 46 88 70 $25,704 04 Dues capital, as per general ledger, . Profits capital, as per general ledger, Unpaid dues, . Total, $21,728 00 3,824 04 152 00 $25,704 04 Number of shares issued during the y e a r , ............................................221 Number of shares now in f o r c e , ............................................................. 598 Number of shares now borrowed u p o n ,.................................................... 139 Largest number of shares held by any one member, . . . . 20 Number of shares withdrawn during the y e a r , ................................... 172 Number of shares retired during the year, . . . . . .2 6 Highest rate of premium or interest received on money sold during the year: 6J per cent. Lowest rate of premium or interest received on money sold during the year: 5^ per cent. Rate of profits distributed: first term, 2^ per cent.; second term, 3 per cent. Number of members withdrawn during the y e a r ,...................................14 Present number of m em bers,......................................................................... 114 Present number of borrowers,.................................................... ........ . 24 Present number of non-borrowers,.................................................................. 90 Number of loans secured by first mortgage of real estate, . . . 21 Number of loans on s h a r e s , ............................................................................. 3 Largest loan to any one m e m b e r ,......................................................................$2,000 00 Smallest loan to any one m em ber,........................................... 50 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 122 59 Date of examination by commissioner : June 3. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 132 [Pub. Doc. R EPO R T O F TH E H U D S O N C O -O P E R A T IV E B A N K — H U D S O N . Incorporated Oct. 22, 1885. Commenced business Nov. 19, 1885. A. T. K n i g h t , President. C. H. H i l l , Secretary. S a v il l ia n A r n o l d , Treasurer. Names of security committee : It. H e n r y H a pg o o d , N a t h a n ie l G. T r i p p , F r a n k E. B r o w n . Regular meetings the third Thursday of each month. B a la n c e S h e e t O ct . 31, 1901. L ia b il it ie s . A ssets. $192,250 00 Loans on real estate, 5,650 00 Loans on shares, . 200 00 Permanent expense account, 21,582 14 Real estate by foreclosure, . 3,631 36 Mortgages, . . . . Unpaid interest, 1,107 25 9,336 14 Cash in hands of treasurer, . Dues capital, . . . . Profits capital (all series), Guaranty fund, Surplus, . . . . Forfeited share account, . $233,756 89 $189,914 40,697 2,380 577 188 00 39 00 50 00 $233,756 89 Detailed Statement of Receipts and Disbursements for the Year endinq Oct. 3 1 ,1 9 0 1 . R e c e ip t s . From dues capital, . interest, premiums, . fines................................. real estate loans repaid, real estate loans eliminated by foreclosure, share loans repaid, withdrawal profits, forfeited shares, . real estate by foreclosure............................... Cash on hand Oct. 31, 1900, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis D is b u r s e m e n t s . $44,596 12,313 11 371 33,020 00 42 00 12 00 10,300 4,650 783 1 00 00 55 80 7,138 91 8,127 12 $121,312 92 For real estate loans, . share loans, . dues capital withdrawn, dues capital retired, dues capital matured, . profits capital withdrawn, profits capital retired, profits capital matured, . temporary expenses, forfeited shares, interest on retired shares, real estate by foreclosure, mortgage, Cash on hand Oct. 31, 1901, . $32,070 5,300 21,018 15,450 12,819 3,043 4,290 5,318 982 331 99 10,654 600 9,336 00 00 00 00 00 18 58 64 65 09 37 27 00 14 $121,312 92 133 SAYINGS BANK COM M ISSIONERS. No. 8.] Total Amount of Loans at Specified Bates of Interest. L oans on Sh akes. L oans on R ea l E sta te. Rate. Amount. Rate. Amount. Rate. 6.00 per cent. $2,500 00 6.30 per cent. $5,650 00 6.00 per cent. A m o u n t. $189,750 00 Nov., 1889, May, 1890, Nov., 1890, May, 1891, Nov., 1891, May, 1892, Nov., 1892, May, 1893, Nov., 1893, May, 1894, Nov., 1894, May, 1895, Nov., 1895, May, 1896, Nov., 1896, May, 1897, Nov., 1897, May, 1898, Nov., 1898, May, 1899, Nov., 1899, May, 1900, Nov., 1900, May, 1901, . . . . . . . . . . . . . . . . . . . . . . . . 9 $202 85 191 13 10 11 179 71 12 168 71 158 08 13 14 147 72 15 137 69 16 127 99 118 59 17 109 47 18 100 64 19 92 07 20 21 83 79 75 75 22 23 67 90 60 26 24 52 86 25 45 75 26 38 62 27 28 31 77 29 25 13 18 64 30 12 31 31 6 08 32 79 76 87 65 100 83 103 59 57 83 113 104 141 97 121 181 190 151 127 247 316 294 324 445 $16,025 14,525 15,634 10,966 15,808 12,260 14,182 7,551 6,759 9,086 11,372 9,575 11,814 7,347 8,215 10,907 10,043 6,908 4,904 7,847 7,941 5,480 3,988 2,705 15 88 77 15 00 76 07 41 63 01 32 28 39 75 90 06 40 25 74 19 08 16 44 60 Dues capital, as per general ledger, . Profits capital, as per general ledger, . Unpaid dues, . • $232,216 39 Total, . 933 Number of shares issued during the year, 3,643 Number of shares now in force.................................. 1,086 Number of shares now borrowed upon, . 25 Largest number of shares held by any one member, 771 Number of shares withdrawn during the year, 134 Number of shares retired during the year, 89 Number of shares matured during the year, . Highest rate of premium or interest received on money sold during the year: 6 per cent. Lowest rate of premium or interest received on money sold during the year: 6 per cent. Rate of profits distributed: first term, 2| per cent.; second term, 2£ per cent. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $189,914 00 40,697 39 1,605 00 365 00 Dues paid in advance, . Total, Total Value. Issue. Shares in Force. ate op Series. D Value per Share. Reconciliation of Share Account with Dues and Profits Capital. $232,216 39 134 REPORT OF THE [Pub. Doc. Number of members withdrawn during the y e a r ,...................................53 Present number of members............................................................................. 520 Present number of borrowers,..........................................................................167 Present number of non-borrowers,................................................................ 353 Number of loans secured by first mortgage of real estate, . . .145 Number of loans on shares, _........................................................................... 22 Largest loan to any one m e m b e r ,......................................................................$5,000 00 Smallest loan to any one m em ber,...................................................................... 50 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 982 65 Date of examination by commissioner : January 14. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] SAVINGS BANK COMMISSIONERS. 135 HYDE PARK CO-OPERATIVE BANK —HYDE PARK. Incorporated March 26, 1886. Commenced business May 5, 1886. G e o r g e T . B r a d y , Secretary and Treasurer. T hom as E . F a u n c e , President. Names of security committee: R a ndolph P . M o seley , Sam uel F . P o rter, J. K in g K n i g h t . Regular meetings the first Wednesday of each month. B a l a n c e S h e e t O ct . 31, 1901. A ssets. L ia b il it ie s . Loans on real estate, $225,400 00 11,890 00 Loans on shares, . Temporary expense account, 361 65 Real estate by foreclosure, . 12,118 68 Unpaid premiums, 17 36 Unpaid fines............................. 73 44 Insurance account, 60 58 110 00 Office furniture and fixtures, Cash in hands of treasurer, . 3,263 57 Dues capital, Profits capital (all series), . Interest.................................... Transfer fees, Withdrawal profits, Guaranty fund, . Surplus, . . . . Personal account,. $253,295 28 $207,238 39,690 680 2 301 2,359 1,804 1,217 00 82 99 50 17 91 22 67 $253,295 28 Detailed Statement of Receipts and Disbursements for the Year endinq Oct. 3 1 ,1 9 0 1 . R e c e ip t s . D is b u r s e m e n t s . From dues capital,. $56,427 00 interest, 12,632 18 premiums, . 171 33 fines, . . . . 566 04 transfer fees, 7 75 real estate loans repaid, 35,800 00 real estate loans elimi11,000 00 nated by foreclosure, share loans repaid, 16,750 00 1,062 89 withdrawal profits, forfeiture profits, . 101 64 forfeited shares, . 3,089 10 real estate by foreclos11,412 44 ure, . . . . insurance, 75 00 26 40 taxes, . . . . mortgage, 4,000 00 Cash on hand Oct. 31,1900, . 9,651 80 . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $162,773 57 For real estate loans, share loans, dues capital withdrawn, dues capital forfeited, . dues capital retired, dues capital matured, profits capital withdrawn, profits capital forfeited, . profits capital retired, . profits capital matured, temporary expenses, forfeited shares, interest on retired shares, interest on m a t u r e d shares, . . . . real estate by foreclosure, office furniture and fixtures, . . . . taxes, . . . . Cash on hand Oct. 31, 1901, . $61,000 15,560 29,348 2,816 9,449 12,818 4,253 406 2,871 5,378 1,961 3,098 114 00 00 00 00 00 00 18 66 94 79 94 15 69 180 75 10,221 00 5 50 26 40 3,263 57 $162,773 57 REPORT OF THE 136 [Pub. Doc Total Amount of Loans at Specified Rates of Interest. L oans on R eal E state. L oans on Sh a res. Amount. Rate. Amount. Rate. Amount. $190,650 00 2,850 00 25,800 00 5.00 per cent. 5.25 “ 6.30 “ $5,700 00 400 00 6.60 per cent. 7.20 $10,460 1,030 250 50 100 00 00 00 00 00 Rate. 5.00 per cent. 5.25 6.30 « 6.60 “ 7.20 “ Dues paid in advance, . Total, Total Value. 8 $197 33 185 60 9 10 174 24 163 25 11 152 60 12 142 30 13 132 33 14 122 65 15 16 113 30 104 21 17 95 41 18 19 86 90 78 66 20 70 64 21 22 62 87 55 30 23 24 47 97 40 87 25 33 95 26 27 24 27 28 20 70 14 32 29 30 8 09 31 2 00 Shares in Force. Mar., 1890, . Sept., 1890, . Mar., 1891, . Sept., 1891, . Mar.. 1892, . Sept., 1892, . Mar., 1893, . Sept., 1893, . Mar., 1894, . Sept., 1894, . Mar., 1895, . Sept., 1895, . Mar., 1896, . Sept., 1896, . Mar., 1897,. Sept., 1897, . Mar., 1898, . Sept., 1898, . Mar., 1899, . Sept., 1899, . Mar., 1900, . Sept., 1900, . Mar., 1901, . Sept, 1901, . Value per Share. D ate of I ssu e. Series. Reconciliation of Share Account with Dues and Profits Capital. 64 81 65 58 96 68 102 80 92 99 139 133 152 90 212 208 246 238 370 286 553 433 378 565 $12,629 12 15,033 60 11,325 60 9,468 50 14,649 60 9,676 40 13,497 66 9,812 00 10,423 60 10,316 79 13,261 99 11,557 70 11,956 32 6,357 60 13,328 44 11,502 40 11,800 62 9,727 06 12,561 50 7,790 64 11,447 10 6,200 56 3,058 02 1,130 00 Dues capital, as per general ledger, . Profits capital, as per general ledger, . Unpaid dues, . 39,690 82 2,044 00 460 00 $248,972 82 Total, Number of shares issued during the y e a r , ................................... 1,162 Number of shares now in f o r c e , .....................................................4,808 Number of shares now borrowed upon, . ................................... 1,444 Largest number of shares held by any one member, . . . . 25 Number of shares withdrawn during the year, . . . . . 881 Number of shares forfeited during the y e a r ,............................................76 Number of shares retired during the y e a r , ............................................92 Number of shares matured during the y e a r ,............................................91 Highest rate of premium or interest received on money sold during the year: 5^ per cent. Lowest rate of premium or interest received on money sold during the year: 5 per cent. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $207,238 00 $248,972 82 No. 8.] SAVINGS BANK COMMISSIONERS. O O https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis »o' Rate of profits distributed: first term, 2f per cent.; second term, 2£ per cent. Number of members withdrawn during the year, . . . . . 147 Present number of m em b ers,............................................................. . 693 Present number of b o r r o w e r s , .................................................... . 230 Present number of non-borrowers,................................... ........ . 463 Number of loans secured by first mortgage of real estate, . 160 Number of loans on s h a r e s , ............................................................. . 70 Largest loan to any one m e m b e r ,.................................................... . Smallest loan to any one m em ber,.................................................... Amount of expenses of the corporation for the year ending Oct. 31, 1901, . Date of examination by commissioner : January 29. 137 00 10 00 1,961 94 [Pub. Doc REPORT OF THE 138 LAFAYETTE CO-OPERATIVE B A N K -F A L L RIVER. Incorporated April 11,1894. P ie r r e F. P e l o q u in , President. Commenced business May 2,1894. W il l ia m F. W in t e r , Secretary and Treasurer. Names of security committee: J ohn B . H u a r d , N a t h a n M il l e r , E dm und R eev es. Regular meetings the first Wednesday of each month. 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. Loans on real estate, Loans on shares, . Temporary expense account, Unpaid interest. Cash in hands of treasurer, . $98,500 2,400 233 194 812 00 00 50 57 53 Dues capital, . . . . Profits capital (all series), . Interest, . . . . Premiums, . . . . F i n e s , ................................... Guaranty fund, Surplus, . . . . Forfeited share account, $87,839 9,584 2,639 1 83 462 1,498 32 00 33 67 35 14 28 83 00 $102,140 60 $102,140 60 Detailed Statement of Receipts and Disbursements fo r the Year ending Oct. 3 1 ,1 9 0 1 . D is b u r s e m e n t s . R e c e ip t s . $33,401 00 From dues capital,. 5,279 74 interest, 19 86 premiums, . 168 77 fines, . . . . 19,450 00 real estate loans repaid, 7,200 00 share loans repaid, 10,138 21 Cash on hand Oct. 31, 1900, . For real estate loans, share loans, . dues capital withdrawn, profits capital withdrawn, temporary expenses, interest, . . . . Cash on hand Oct 31, 1901, $42,350 5,200 24,235 2,558 499 2 812 00 00 00 47 38 20 53 $75,657 58 $75,657 58 Total Amount of Loans at Specified Rates of Interest. L oans on Shares. L oans on R ea l E sta te. Amount. Rate. Amount. Rate. Amount. Rate. $98,500 00 5.50 per cent. - - $2,100 00 30Q 00 5.50 per cent. 6.00 “ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] SAYINGS BANK COMMISSIONERS. 139 1 $108 84 2 100 00 91 45 3 4 83 11 5 75 04 6 67 20 59 57 7 52 16 8 9 45 00 10 38 02 11 31 26 12 24 70 18 31 13 12 08 14 15 6 00 Dues paid in advance, . Total, • Total Value. . . . . . . . . . . . . . . . Shares in Force. Series. D ate of Issu e. May, 1894, Nov., 1894, May, 1895, Nov., 1895, May, 1896, Nov.. 1896, May, 1897, Nov., 1897, May, 1898, Nov., 1898, May, 1899, Nov., 1899, May, 1900, Nov., 1900, May, 1901, Value per Share. Reconciliation of Share Account with Dues and Profits Capital. 193 50 82 59 82 66 95 106 111 111 225 316 349 414 380 $21,006 5,000 7,498 4,903 6,153 4,435 5,659 5,528 4,995 4,220 7,033 7,805 6,390 5,001 2,280 12 00 90 49 28 20 15 96 00 22 50 20 19 12 00 Dues capital, as per general ledger, . Profits capital, as per general ledger, . Unpaid dues, . $87,839 00 9,584 33 632 00 145 00 $98,055 33 Total, $98,055 33 Number of shares issued during the y e a r , ............................................ 960 Number of shares now in f o r c e , .....................................................2,639 Number of shares now borrowed u p o n ,.....................................................609 Largest number of shares held by any one member, . . . . 25 Number of shares withdrawn during the y e a r , ................................... 854 Highest rate of premium or interest received on money sold during the year: 5£ per cent. Lowest rate of premium or interest received on money sold during the year: 5£ per cent. Rate of profits distributed: first term, 2£ per cent.; second term, 2^ per cent. Number of members withdrawn during the y e a r ,................................... 77 Present number of m em b ers,......................................................................... 271 Present number of borrowers,...........................................................................65 Present number of non-borrowers,................................................................ 206 Number of loans secured by first mortgage of real estate, . . . 59 Number of loans on shares................................................................................... 9 Largest loan to any one m e m b e r ,......................................................................$5,000 00 Smallest loan to any one member,...................................................................... 50 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 499 38 Date of examination by commissioner : September 12. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis [Pub. Doc, REPORT OF THE 140 L A W R E N C E C O -O P E R A T IV E B A N K — L A W R E N C E . Incorporated March 12, 1888. Commenced business April 6, 1888. W il l ia m A . W h i t n e y , Secretary and Treasurer. J o h n P a is l e y , President. Names of security committee: C o l in K e r b , A n d r e w C r a ig , S a m u e l S id e b o t t o m . Regular meetings the first Saturday of each month. B a la n c e S h e e t O c t , 31, 1901. L ia b il it ie s . A ssets. $378,600 00 Loans on real estate, 13,3,50 00 Loans on shares, . 220 49 Permanent expense account, Ileal estate by foreclosure, . 4,967 80 Unpaid interest, 1,395 47 19 75 Unpaid premiums, 152 90 Unpaid fi nes, . . . . 15,635 41 Cash in hands of treasurer, . Dues capital, Profits capital (all series), . Guaranty fund, Surplus, . . . . Forfeited share account, $414,341 82 $343,696 65,818 2,150 2,620 56 00 85 00 39 58 $414,341 82 Detailed Statement of Receipts and Disbursements for the Year endinq Oct. 3 1 ,1 9 0 1 . D is b u r s e m e n t s . R e c e ip t s . From dues capital, $99,657 00 20,401 03 interest, 190 49 premiums, . fines, . . . . 644 17 transfer fees, 3 25 53,050 00 real estate loans repaid, real estate loans elimi4,650 00 nated by foreclosure, real estate loans eliminated by maturity of 5,200 00 shares, 10,260 00 share loans repaid, 413 42 withdrawal profits, 1 96 forfeiture profits, . 6 00 forfeited shares, . real estate by foreclos40 00 ure, . . . . Cash on hand Oct. 31, 1900, . 3,563 28 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $198,080 60 For real estate loans, . share loans, . dues capital withdrawn, dues capital forfeited, dues capital retired, dues capital matured, . profits capital withdrawn, profits capital forfeited, . profits capital retired, profits capital matured, . temporary expenses, forfeited shares, interest on retired shares, interest on m a t u r e d shares, . . . . real estate bv foreclosure, interest repaid, fines repaid, . Cash on hand Oct. 31, 1901, $66,450 5,740 40,633 120 21,409 20,933 7,072 7 3,374 9,328 1,741 2 398 00 00 00 00 00 00 96 82 21 48 95 00 72 181 5,045 4 2 15,635 94 00 91 20 41 $198,080 60 No. 8.] SAVINGS BANK COMMISSIONERS. 141 Total Amount of Loans at Specified Rates of Interest. Loans on Sh a res. L o a n s o n H eat. E s t a t e . Amount. $312,750 16,600 3,950 4,200 1,600 35,300 800 00 00 00 00 00 00 00 Rate. 5.00 per cent. 5.25 “ 5.50 “ 5.75 “ 6.25 “ 6.30 “ 6.60 Amount. $1,100 1,700 200 400 00 00 00 00 Rate. Amount. Rate. 6.90 per cent. 7.20 7.50 7.75 $9,855 1,450 600 470 300 625 50 00 00 00 00 00 00 00 5.00 per cent. 5.25 5.50 “ 5.75 “ 6.00 “ 6.30 “ 6.75 “ Shares in Force. Total Value. April, 1890, . Oct., 1890,. April, 1891,. Oct,., 1891, . April, 1892,. Oct., 1892,. April, 1893,. Oct., 1893,. April, 1894,. Oct., 1894,. April, 1895, . Oct., 1895,. April, 1896, . Oct., 1896, . April, 1897, . Nov., 1897, . May, 1898, . Nov., 1898, . May, 1899, . Nov., 1899, . May, 1900, . Nov., 1900, . May, 1901, . 5 $199 22 107 48 6 187 54 96 176 06 7 112 8 164 80 9 153 92 131 148 10 143 37 105 11 133 15 99 12 123 25 142 13 113 67 150 14 104 42 286 15 95 45 16 85 86 78 339 78 40 17 18 70 24 354 19 415 62 37 518 20 53 50 323 21 46 15 505 22 39 01 635 23 32 07 653 24 25 32 18 75 888 25 12 34 1,059 26 6 09 27 867 $21,316 9,001 16,901 18,457 20,163 21,218 13,980 12,201 16,141 15,663 27,298 7,376 26,577 24,864 25,883 27,713 14,906 19,700 20,364 16,533 16,650 13,068 5,280 Series. Date op I ssu e. Value per Share. Reconciliation of Share Account with Dues and Profits Capital. Dues paid in advance, . Total, 54 92 76 60 52 76 75 75 14 00 70 30 60 96 55 00 45 05 45 96 00 06 03 Dues capital, as per gen$343,696 00 eral ledger, . Profits capital, as per 65,818 85 general ledger, 2,040 00 Unpaid dues, . 291 00 $411,554 85 Total, Number of shares issued during the y e a r , ................................... 2,100 Number of shares now in force............................................................ 8,065 Number of shares now borrowed u p o n ,............................................2,382 Largest number of shares held by any one member, . . . . 25 Number of shares withdrawn during the year, . . . . 1,162 Number of shares forfeited during the y e a r ,............................................29 Number of shares retired during the y e a r , ............................................313 Number of shares matured during the y e a r ,............................................151 Highest rate of premium or interest received on money sold during the year: per cent. Lowest rate of premium or interest received on money sold during the year : 5 per cent. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $411,554 85 142 REPORT OF THE [Pub. Doc. Rate of profits distributed : first term, 2 9-16 per cent. ; second term, 2 9-16 per cent. Number of members withdrawn during the y e a r ,................................... 169 Present number of m em b ers,...................................................................... 1,025 Present number of borrowers,......................................................................... 256 Present number of non-borrowers,.................................................................769 Number of loans secured by first mortgage of real estate, . . . 289 Number of loans on s h a r e s , ........................................................................... 70 Largest loan to any one m e m b e r ,......................................................................$5,000 00 Smallest loan to any one m em ber,...................................................................... 15 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 1,794 23 Date of examination by commissioner: February 14. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] SAYINGS BANK COMMISSIONED 143 L E O M IN S T E R C O -O P E R A T IV E B A N K — L E O M IN S T E R . Incorporated May 8, 1888. Commenced business May 18, 1888. R o b e r t L. C a r t e r , Secretary and Treasurer. J o s e p h P. H o l m a n , President. Names of security committee: C h a r l e s E. B ig e l o w , H u l b e r t L . H a r r is , W il l a r d F. L a w r e n c e . Regular meetings the third Friday of each month. B a la n c e S h e e t O ct . 31, 1901. L ia b il it ie s . A ssets. Loans on real estate, $202,767 00 5,910 00 Loans on shares, . 5,945 50 Unpaid interest, 155 43 Unpaid premiums, 120 43 Unpaid fines, . . . . Cash in hands of treasurer, . 827 70 Dues capital, Profits capital (all series), . Guaranty fund, . Surplus, . . . . Matured share account, $215,726 06 $170,768 35,151 894 510 8,400 00 94 86 36 90 $215,726 06 Detailed Statement of Receipts and Disbursements for the Year endinq Oct. 3 1 ,1 9 0 1 . R e c e ip t s . From dues capital,. interest, premiums, . fines, . . . . transfer fees, real estate loans repaid, share loans repaid, withdrawal profits, matured share account, temporary expense account, suspense account, profits capital, Cash on hand Oct. 31, 1900, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis D is b u r s e m e n t s . $47,962 9,034 133 111 1 14,590 3,403 212 15,631 00 58 77 35 00 20 00 90 50 2,677 240 807 1,541 13 00 38 98 $96,346 79 For real estate loans, . share loans, . dues capital withdrawn, dues capital matured, . profits capital withdrawn, profits capital matured, . temporary expenses, interest on matured shares, . . . . matured share account, . Cash on hand Oct. 31, 1901, . $23,523 4,095 23,238 11,088 3,036 4,543 3,689 70 00 00 00 01 50 51 1,027 87 21,277 50 827 70 $96,346 79 144 REPORT OF THE [Pub. Doc. Total Amount of Loans at Specified Rates of Interest. L oans on R ea l E sta te. L oans on Sh a r es. Amount. Rate. Amount. Rate. Amount. Rate. $117,578 00 1,175 00 5,050 00 5.00 per cent. 5.25 “ 5.50 “ $1,650 00 77,314 00 5.75 per cent. 6.00 $3,825 00 2,085 00 5.00 per cent. 6.00 “ 7 8 . 9 5 $193 16 6 181 170 81 73 160 01 149 62 Total Value. . . . . Shares in Force. Series. D ate op I ssu e. May, 1 8 9 0 , Nov., 1 8 9 0 , May, 1 8 9 1 , Nov., 1 8 9 1 , May, 1 8 9 2 , Nov., 1 8 9 2 , May, 1 8 9 3 , Nov., 1 8 9 3 , May, 1 8 9 4 , Nov., 1 8 9 4 , May, 1 8 9 5 , Nov., 1 8 9 5 , May, 1 8 9 6 , Nov., 1 8 9 6 , May, 1 8 9 7 . Nov., 1 8 9 7 , May, 1 8 9 8 , Nov., 1 8 9 8 , May, 1 8 9 9 , Nov., 1 8 9 9 , May, 1 9 0 0 , Nov., 1 9 0 0 , May, 1 9 0 1 , Value per Share. Reconciliation of Share Account with Dues and Profits Capital. 54 102 $ 1 0 ,4 3 0 64 1 8 ,5 4 4 62 68 1 1 ,6 0 9 64 42 6 ,7 2 0 42 99 1 4 ,8 1 2 38 . 10 139 51 55 7 ,6 7 3 05 . . . . .' . . . . . 11 129 66 117 1 5 ,1 7 0 22 3 ,3 6 4 3 ,9 9 2 20 04 27 32 12 120 15 28 13 14 110 101 89 91 36 15 16 93 18 97 74 9 .8 8 5 6 ,8 9 5 84 73 173 1 4 ,6 5 8 29 00 17 18 76 50 86 6 ,5 7 9 68 53 87 5 ,9 6 2 11 19 60 76 5 ,2 8 6 12 53 23 87 375 1 9 ,9 6 1 25 . 21 45 93 . 22 38 85 235 280 1 0 ,7 9 3 1 0 ,8 7 8 55 00 20 . 23 31 96 322 1 0 ,2 9 1 12 . 24 25 25 323 8 ,1 5 5 75 18 70 12 31 389 7 ,2 7 4 30 399 4 ,9 1 1 69 462 2 ,8 0 8 96 . 883 00 • $ 2 1 7 ,5 4 0 94 . 25 . 26 . 27 6 Dues paid in advance, . Total, • • 08 Dues capital, as per general ledger, . Profits capital, as per general ledger, . Unpaid dues, . Total, Number of shares issued during the y e a r , ................................... 1,012 Number of shares now in f o r c e , .................................................... 3,990 Number of shares now borrowed u p on ,............................................1,482 Largest number of shares held by any one member, . . . . 25 Number of shares withdrawn during the y e a r , ................................... 827 Number of shares matured during the y e a r ,............................................77 Highest rate of premium or interest received on money sold during the year: 6 per cent. Lowest rate of premium or interest received on money sold during the year: 5 per cent. Rate of profits distributed: first term, 2£ per cent.; second term, 2£ per cent. Number of members withdrawn during the y e a r ,................................... 127 Present number of m em b ers,...................................................................... 604 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $ 1 7 0 ,7 6 8 00 3 5 ,1 5 1 94 1 1 ,6 2 1 00 $ 2 1 7 ,5 4 0 94 No. 8.] SAYINGS BANK COMMISSIONERS. 145 Present number of borrowers,......................................................................... 208 Present number of non-borrowers,.................................................................396 Number of loans secured by first mortgage of real estate, . . . 174 Number of loans on s h a r e s , ........................................................................... 34 Largest loan to any one m e m b e r ,...................................................................... $5,000 00 Smallest loan to any one member......................................................................... 20 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 1,012 38 Date of examination by commissioner : May 20. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis [Pub. Doc REPORT OF THE 146 L O W E L L C O -O P E R A T IV E B A N K — L O W E L L . Incorporated April 29, 1885. Commenced business May 14, 1885. W il l ia m D. B r o w n , Secretary and Treasurer. A r t e m a s B. W o o d w o r t h , President. Names of security committee: C a l e b L. S m i t h , S t e p h e n R. K it c h e n , C h a r l e s H. B u r t t . Regular meetings the first Friday after the tenth of each month. 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. $311,990 00 Loans on real estate, 8,955 00 Loans on shares, . 152 27 Permanent expense account, . 9,025 92 Real estate by foreclosure, . 2,615 00 Mortgages, . . . . 2,692 74 Unpaid interest, 94 95 Unpaid premiums,. 251 74 Unpaid fines, . . . . Cash in hands of treasurer, . 13,537 46 . CO o $349,315 Dues capital, . . . . Profits capital (all series), Guaranty fund, Surplus, . . . . Forfeited share account, $286,717 57,663 1,753 3,180 1 00 19 57 32 00 $349,315 08 Detailed Statement of Receipts and Disbursements for the Tear ending Oct. 3 1 ,1 9 0 1 . R e c e ip t s . From dues capital,. interest, premiums, . fines, . . . . transfer fees, real estate loans repaid, real estate loans eliminated by foreclosure, real estate loans eliminated by maturity of shares, share loans repaid, withdrawal profits, forfeiture profits, . real estate by foreclosure, . . . . temporary expense account, mortgages, . Cash on hand Oct. 31, 1900, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis D is b u r s e m e n t s . $74,086 16,281 282 695 3 41,900 00 97 52 41 00 00 700 00 2,050 7,800 745 1 00 00 82 28 5,940 86 For real estate loans, share loans, . dues capital withdrawn, dues capital forfeited, dues capital retired, dues capital matured, profits capital withdrawn, profits capital forfeited, . profits capital retired, profits capital matured, . temporary expenses, interest on m a t u r e d shares, . . . . real estate by foreclosure, personal account, . Cash on hand Oct. 31, 1901, . $62,475 5,855 38,470 98 5,702 19,811 7,104 5 1,169 8,618 1,938 00 00 00 00 00 00 77 11 97 57 39 122 4,178 1,297 13,537 64 32 81 46 327 00 2,750 00 16,850 18 $170,414 04 $170,414 04 No. 8.] 147 SAYINGS BANK COMMISSIONERS. Total Amount of Loans at Specified Rates of Interest. L oans on Sh a k es. L oans on R eal E sta te. Amount. $259,950 12,200 1,700 1,200 2,000 Kate. 00 00 00 00 00 5.00 per cent. 5.25 “ 5.50 « 5.75 » 6.00 “ Amount. $32,040 1,100 400 1,200 200 00 00 00 00 00 Rate. Amount. Rate. 6.30 per cent. 6.60 “ 6.90 “ 7.20 “ 7.80 “ $4,720 745 150 3,290 50 00 00 00 00 00 5.00 per cent. 5.25 “ 5.50 “ 6.30 » 6.60 » . . . . . . . . . . . . . . . . . . . . . . . 11 $196 91 12 184 99 173 50 13 14 162 37 151 60 15 141 20 16 131 06 17 18 121 29 111 84 19 20 102 67 93 80 21 22 85 22 76 95 23 24 68 86 25 61 04 26 53 47 46 10 27 38 95 28 29 * 32 02 30 25 29 18 73 31 32 12 33 33 6 09 Dues paid in advance, . Total, • 100 80 40 90 124 102 134 115 196 174 182 232 227 280 329 318 345 291 412 412 816 539 715 Total Value. Shares in Force. Series. D ate of I ssu e. May, 1890, Nov., 1890, May, 1891, Nov., 1891, May, 1892, Nov., 1892, May, 1893, Nov., 1893, Mav, 1894, Nov , 1894, May, 1895, Nov., 1895, May, 1896, Nov., 1896, May, 1897, Nov., 1897, Mav, 1898, Nov., 1898, May, 1899, Nov., 1899, May, 1900, Nov., 1900, May, 1901, Value per Share. Reconciliation of Share Account with Dues and Profits Capital. $19,691 14,799 6,940 14,613 18,798 14,402 17,562 13,948 21,920 17,864 17,071 19,771 17,467 19,280 20,082 17,003 15,904 11,334 13,192 10,419 15,283 6,645 4,354 00 20 00 30 40 40 04 35 64 58 60 04 65 80 16 46 50 45 24 48 68 87 35 Dues capital, as per general ledger, . Profits capital, as per general ledger, . Unpaid dues, . 57,663 19 3,976 00 5 00 $348,356 19 Total, Number of shares issued during the y e a r , ................................... 1,393 Number of shares now in f o r c e , .....................................................6,253 Number of shares now borrowed upon............................................... 1,906 Largest number of shares held by any one member, . . . . 25 Number of shares withdrawn during the y e a r , ................................... 990 Number of shares forfeited during the y e a r ,............................................7 Number of shares retired during the year...................................................76 Number of shares matured during the y e a r ,............................................142 Highest rate of premium or interest received on money sold during the year: 6£ per cent. Lowest rate of premium or interest received on money sold during the year: 5 per cent. Rate of profits distributed: first term, 2^ per cent.; second term, 2^ per cent. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $286,717 00 $348,356 19 148 REPOET OF THE [Pub. Doc. Number of members withdrawn during the y e a r ,...................................118 Present number of m em b ers,......................................................................... 887 Present number of borrowers........................................................................... 277 Present number of non-borrowers,.................................................................560 Number of loans secured by first mortgage of real estate, . . . 243 Number of loans on s h a r e s , ........................................................................... 34 Largest loan to any one member........................................................................... $5,000'.00 Smallest loan to any one m ember,...................................................................... 50 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 1,711 39 Date of examination by commissioner : September 5. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] SAVINGS BANK COMMISSIONERS 149 L Y N N C O -O P E R A T IV E B A N K — L Y N N . Incorporated Nov. 18, 1891. Commenced business Nov. 23, 1891. R a l p h W . P u t n a m , Secretary and Treasurer. J acob M . L e w is , President. Names of security committee: E. S. W h it n e y , J. W . H a r d in g , F. A. S m i t h . F e e d D. M ayo , F. F. L a w r e n c e , Regular meetings the first Monday of each month. 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. $34,600 00 Loans on real estate, 675 00 Loans on shares, . 20 00 Permanent expense account, . 210 29 Unpaid interest, 11 70 Unpaid fines, . . . . 321 00 Personal account, . 4,230 94 Cash in hands of treasurer, . Dues capi tal , . . . . Profits capital (all series), . Guaranty fund, Surplus,................................... Forfeited share account, $34,016 5,498 124 345 84 00 50 58 03 82 $40,068 93 $40,068 93 Detailed Statement of Receipts and Disbursements fo r the Year ending Oct. 3 1 ,1 9 0 1 . D is b u r s e m e n t s . R e c e ip t s . From dues capital,. interest, fines, . . . . transfer fees, real estate loans repaid, share loans repaid, personal account, Cash on hand Oct. 31, 1900, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $12,203 1,888 48 1 7,435 285 7 4,313 00 25 76 00 00 00 00 01 $26,181 02 I For real estate loans, share loans, . dues capital withdrawn, profits capital withdrawn, temporary expenses, Cash on hand Oct. 31, 1901, . $8,150 745 11,110 1,873 71 4,230 00 00 00 85 23 94 $28,181 02 [Pub. Doc. REPORT OF THE 150 Total Amount of Loans at Specified Rates of Interest. L oans on Sh a res. L oans on R eal E sta te. Rate. Amount. Amount. Rate. Amount. Rate. $6,200 00 23,050 00 5.00 per cent. 5.50 $5,350 00 6.00 per cent. $575 00 100 00 5.50 per cent. 6.00 “ Nov., 1891, May, 1892, Nov., 1892, May, 1893, May, 1894, Nov., 1894, May, 1895, Nov., 1895, May, 1896, Nov., 1896, May, 1897, Nov., 1897, May, 1898, Nov., 1898, May, 1899, Nov., 1899, May, 1900, Nov.. 1900. May, 1901, Total, . . . . . . . . . . . . . . . . . . . 1 $154 95 2 145 40 3 135 97 4 126 70 6 108 87 100 29 7 8 91 96 9 83 80 10 75 86 11 68 08 12 60 49 13 53 08 14 45 86 38 81 15 31 94 16 25 23 17 18 18 69 12 31 19 20 6 08 • 60 16 12 7 16 3 27 39 26 17 20 9 41 12 105 59 94 282 161 • Total Value. Shares in Eoree. D ate op Issu e. Value per Share. Series. Reconciliation of Share Account with Dues and Profits Capital. $9,297 2,326 1,631 886 1,741 300 2,482 3,268 1,972 1,157 1,209 477 1,880 465 3,353 1,488 1,756 3,471 978 00 40 64 90 92 87 92 20 36 36 80 72 26 72 70 57 86 42 88 $40,148 50 Dues capital, as per general ledger, . Profits capital, as per general ledger, . Unpaid dues, . Total, Number of shares issued during the y e a r , ............................................518 Number of shares now in f o r c e , .....................................................1,006 Number of shares now borrowed u p o n ,.................................................... 256 Largest number of shares held by any one member, . . . . 25 Number of shares withdrawn during the y e a r , ................................... 300 Highest rate of premium or interest received on money sold during the year : 6 per cent. Lowest rate of premium or interest received on money sold during the year : 5 per cent. Rate of profits distributed : first term, 2£ per cent. ; second term, 2£ per cent. 21 Number of members withdrawn during the year, . 133 Present number of m em b ers,............................................ Present number of borrowers,............................................ 37 96 Present number of non-borrowers,................................... 29 Number of loans secured by first mortgage of real estate, Number of loans on s h a r e s , ............................................ Largest loan to any one m e m b e r ,................................... Smallest loan to any one m em ber,................................... Amount of expenses of the corporation for the year ending Oct. 31, 1901, Date of examination by commissioner : January 4. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $34,016 00 5,498 50 634 00 $40,148 50 $2,500 00 15 00 121 23 No. 8.] 151 SAYINGS BANK COMMISSIONERS M A L D E N C O -O P E R A T IV E B A N K — M A L D E N . Incorporated April 27, 1887. Commenced business May 9, 1887. J o h n M , C o r b e t t , Secretary and Treasurer. S a m u e l E . J o r d a n , President. Names of security committee: C h a r l e s A . S t il e s , M . S . O’D o n n e l l , W m . H. C o n v e r s e . Regular meetings the second Monday of each month. B a la n c e S h e e t O c t . 31, 1901. L ia b il it ie s . A ssets. $328,328 00 Loans on real estate, 22,093 00 Loans on shares, . Real estate by foreclosure, . 32,711 58 Unpaid interest, 2,656 50 20 60 Unpaid premiums, . Unpaid tines, . . . . 100 00 153 43 Insurance and taxes paid, Cash in hands of treasurer, . 15,924 52 Dues capital............................ $328,969 00 66,809 62 Profits capital (all series), . 2,072 79 Guaranty fund, 4,030 18 Surplus,................................... 106 04 Forfeited share account, $401,987 63 $401,987 63 Detailed Statement of Receipts and Disbursements fo r the Year ending Oct. 3 1 ,1 9 0 1 . D is b u r s e m e n t s . R e c e ip t s . $79,952 00 From dues capital,. 19,525 83 interest, 406 85 premiums, . 481 55 tines, . . . . transfer fees, 4 25 28,300 00 real estate loans repaid, real estate loans elimi12,800 00 nated by foreclosure, real estate loans eliminated by maturity of 6,700 00 shares, share loans repaid, 19,457 00 1,021 46 withdrawal profits, 351 78 forfeited shares, . real estate by foreclos11,093 03 ure, . . . . 147 95 profits, . . . . 173 43 surplus, . . . 346 36 insurance and taxes, . 32,829 47 Cash on hand Oct. 31, 1900, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $213,590 96 For real estate loans, . share loans, . dues capital withdrawn, dues capital forfeited, dues capital retiied, dues capital matured, profits capital withdrawn, profits capital forfeited, . profits capital retired, profits capital matured, . temporary expenses, forfeited shares, interest on retired shares, interest on m a t u r e d shares............................ real estate by foreclosure, interest, . . . . surplus, . . . . guaranty fund, Cash on hand Oct. 31, 1901, . $64,928 13,425 27,419 1,788 20,925 27,305 3,720 415 4,257 11,794 2,297 283 10 00 00 00 00 00 00 13 10 81 44 60 12 00 206 16,936 27 1,244 6*3 15,924 41 37 03 47 96 52 $213,590 96 152 REPORT OF THE [Pub. Doc. Total Amount of Loans at Specified Bates of Interest. L oans on R eal E sta te. Amount. $260,278 2,600 4,000 46,200 6,800 00 00 00 00 00 Rate. 5.00 p e r 5.25 6.00 6.30 6.60 cent. “ « “ “ L oans on Sh a res. Amount. Rate. $5,000 00 3,150 00 300 00 6.90 p e r cent. 7.20 “ 7.50 “ Amount. $19,318 1,775 550 350 100 00 00 00 00 00 Rate. 5.00 p e r 6.00 6.30 6.60 7.20 cent. “ “ “ 7 $195 53 8 183 63 9 172 17 10 161 10 150 40 11 12 140 03 13 129 96 14 120 36 15 111 00 101 95 16 93 17 17 18 84 67 19 76 44 20 68 47 21 60 66 22 53 20 23 45 90 24 38 82 25 31 93 26 25 22 18 67 27 12 30 28 29 6 07 Dues paid in advance, . Total, • Total Value. M ay, Nov., May, Nov., May, 1890, . 1890, . 1891, . 1891, . 1892, . 1892, . 1893, . 1893, . 1894, . 1894, . 1895,. 1895, . 1896, . 1896, . 1897, . 1897, . 1898, . 1898, . 1899, . 1899,. 1900, . 1900, . 1901, . Shares in Force. May, Nov., Mav, Nov., May, Nov., May, Nov., May, Nov., May, Nov., May, Nov., Mav, Nov., May, Nov., Series. D ate of I ssu e. Value per Share. Reconciliation of Share Account with Dues and Profits Capital. 72 96 116 159 176 131 101 149 217 192 224 261 283 279 425 282 361 402 273 673 521 611 281 $14,078 17,628 19,971 25,614 26,470 18,343 13,125 17,933 24,087 19,574 20,870 22,098 21,632 19,103 25,780 15,002 16,569 15,605 8,716 16,973 9,727 7.515 1,705 ■ 16 48 72 90 40 93 96 64 00 40 08 87 52 13 50 40 90 64 89 06 07 30 67 Dues capital, as per general ledger, . $328,969 00 Profits capital, as per general ledger, . 66,809 62 Unpaid dues, . 2,636 00 0 285 00 $398,414 62 Total, Number of shares issued during the y e a r , ............................................937 Number of shares now in f o r c e , ............................................ ........ 6,285 Number of shares now borrowed u p o n ,............................................2,318 Largest number of shares held by any one member, . . . . 25 Number of shares withdrawn during the y e a r , ................................... 783 Number of shares forfeited during the y e a r ,............................................94 Number of shares retired during the y e a r , ............................................277 Number of shares matured during the y e a r ,............................................ 196 Highest rate of premium or interest received on money sold during the year: 5 per cent. Lowest rate of premium or interest received on money sold during the year: 5 per cent. Rate of profits distributed: first term, 2£ per cent.; second term, 2 | per cent. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $398,414 62 No. 8.] SAYINGS BANK COMMISSIONERS. Number of members withdrawn during the y e a r ,................................... 26 Present number of m em b ers,.........................................................................371 Present number of borrowers,......................................................................... 138 Present number of non-borrowers,.................................................................233 Number of loans secured by first mortgage of real estate, . . .124 Number of loans on s h a r e s , ........................................................................... 54 Largest loan to any one m e m b e r ,...................................................................... Smallest loan to any one member......................................................................... Amount of expenses of the corporation for the year ending Oct. 31, 1901, . Date of examination by commissioner : February 7. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 161 $4,600 00 10 00 561 93 [Pub. Doc. REPORT OF THE 162 M E C H A N IC S ’ C O -O P E R A T IV E B A N K — T A U N T O N . Incorporated Sept. 14, 1877. Commenced business Sept. 17, 1877. IJ d w a r b S. H e r s e y , Secretary and Treasurer. W il l ia m H. L e w i s , President. Names of security committee: Cy r u s S a v a g e , W il l ia m H . P l e a d w e l l , * J. J. G r e e n , Jr. Regular meetings the first Monday after the fifteenth of each month. B a la n c e S h e e t O ct . 31, 1901. L ia b il it ie s . A ssets. Loans on real estate, $446,015 00 10,565 00 Loans on shares, . Permanent expense account, 50 00 Temporary expense account, 389 12 Real estate by foreclosure, . 3,954 39 Unpaid dues, . . . . 7,881 00 Unpaid interest, 4,508 51 Unpaid premiums, 383 55 Unpaid fines, . . . . 759 77 Cash in hands of treasurer, . 1,136 85 Dues capital, Profits capital (all series), . Interest, . . . . Premiums, . . . . F i n e s , ................................... Guaranty fund, . Surplus, . . . . Forfeited share account, Matured share account, Advance payments, $475,643 19 $371,600 66,007 6,069 40 12 3,682 3,254 15 22,724 2,235 00 66 06 90 34 89 30 98 82 24 $475,643 19 Detailed Statement of Receipts and Disbursements for the Year endinq Oct. 3 1 ,1 9 0 1 . R e c e ip t s . D is b u r s e m e n t s . From dues capital,. $107,966 00 interest, 19,715 69 412 46 premiums, . 30 74 fines, . . . . real estate loans repaid, 101,710 00 real estate loans eliminated by foreclosure, 3,525 00 real estate loans eliminated by maturity of shares, 200 00 share loans repaid, 15,390 00 forfeited shares, . 1,525 65 real estate by foreclosure, . . . . 5,257 50 7,219 88 advance payments, 7,491 74 suspense account, unpaid dues, 11,595 00 38,895 54 matured share account, guaranty fund, 7 40 4,766 24 Cash on hand Oct. 31, 1900, . $129,175 00 For real estate loans, . 14,210 00 share loans, . dues capital withdrawn, 61,957 00 1,223 00 dues capital forfeited, 13,566 00 dues capital retired, 26,842 00 dues capital matured, profits capital withdrawn, 8,962 67 302 65 profits capital forfeited, . profits capital retired, 3,979 56 11,435 79 profits capital matured, . temporary expenses, 1,454 02 50 00 permanent expenses, 1,525 65 forfeited shares, 4,039 51 real estate by foreclosure, interest on retired shares, 361 08 interest on matured shares, . . . . 617 75 8,610 83 advance payments, matured share account, . 36,259 48 Cash on hand Oct. 31, 1901, . 1,136 85 $325,708 84 $325,708 84 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] 163 SAYINGS BANK COMMISSIONERS. Total Amount of Loans at Specified Rates of Interest. L oans on R eal E sta te. Rate. Amount. Rate. Amount. Rate. 5.30 per cent. $39,050 00 6.30 per cent. $8,045 00 2,520 00 5.30 per cent. 6.30 Amount. $406,965 00 L oans on Sh a k es. Total Value. 1890, . 1891, . 1891, . 1892, . 1892, . 1893, . 1893, . 1894, . 1894, . 1895,. 1895, . 1896, . 1896,. 1897, . 1897, . 1898, . 1898,. 1899, . 1899, . 1900, . 1900, . 1901, . 1901, . Shares in Force. July, Jan., July, Jan., July, Jan., July, Jan., July, Jan., July, Jan., July, Jan., July, Jan., July, Jan., July, Jan., July, Jan., July, 121 18 $189 61 19 155 178 27 165 20 167 23 34 21 156 55 294 22 146 19 75 23 136 11 190 24 126 35 116 90 166 25 101 26 107 73 98 82 277 27 112 28 90 17 234 29 81 77 30 88 73 61 65 68 209 31 200 32 58 00 50 54 699 33 34 43 29 193 36 25 260 35 29 41 1,131 36 22 78 1,730 37 38 16 34 1,246 10 09 803 39 996 40 4 00 $22,942 27,631 27,592 5,322 42,979 10,208 24,006 19,405 10,880 27,373 10,099 19,134 6,477 13,727 11,600 35,327 8,354 9,425 33,262 39,409 20,359 8,102 3,984 Series. D a t e or Issu e. Value per Share. Reconciliation of Share Account with Dues and Profits Capital. Total, 81 85 95 70 86 25 50 40 73 14 04 18 68 12 00 46 97 00 71 40 64 27 00 $437,607 66 Dues capital, as per general ledger, . Profits capital, as per general ledger, . Total, $371,600 00 66,007 66 $437,607 66 Number of shares issued during the y e a r , ................................... 1,886 Number of shares now in f o r c e , .................................................... 9,479 Number of shares now borrowed upon................................................2,635 Largest number of shares held by any one member, . . . . 25 Number of shares withdrawn during the year, . . . 1,553 Number of shares forfeited during the y e a r , ............................................18 Number of shares retired during the y e a r , ............................................133 Number of shares matured during the y e a r ,............................................191 Highest rate of premium or interest received on money sold during the year: 6 3-10 per cent. Lowest rate of premium or interest received on money sold during the year: 5 3-10 per cent. Rate of profits distributed : first term, 3 per cent.; second term, 2<| per cent. Number of members withdrawn during the y e a r ,...................................201 Present number of m em bers,...................................................................... 1,360 .Present number of borrowers,......................................................................... 402 Present number of non-borrowers,................................................................ 958 Number of loans secured by first mortgage of real estate, . . . 349 Number of loans on s h a r e s , ........................................................................... 53 Largest loan to any one m e m b e r ,...................................................................... $5,000 00 Smallest loan to any one m em ber,...................................................................... 30 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 1,454 02 Date of examination by commissioner: April 15. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 164 REPORT OF THE [Pub. Doc M E D FO R D C O -O P E R A T IV E B A N K — M E D F O R D . Incorporated June 21, 1886. Commenced business July 7, 1886. J a m e s S . S t u r t e v a n t , Secretary and Treasurer. D ana I . M cI n t ir e , President. Names of security committee: C h a r l e s S. T a y l o r , L e w is H. L o v e r in g , W a l t e r F. C u s h i n g , J o h n A. S u l l iv a n , J o s e p h E. O b e r . Regular meetings the first Wednesday of each month. B a la n c e S h e e t O c t , 31, 1901. L ia b il it ie s . A ssets. $341,300 00 Loans on real estate, 25,400 00 Loans on shares, . 200 00 Permanent expense account, 5,135 80 Real estate by foreclosure, . Unpaid interest, 755 10 20 00 Unpaid premiums, 106 80 Unpaid fi nes, . . . . 19,876 94 Cash in hands of treasurer, . Dues capital, Profits capital (all series), . Guaranty fund, Surplus, . . . . Personal account, . $392,794 64 $322,091 67,005 2,308 1,343 46 00 02 75 20 67 $392,794 64 Detailed Statement of Receipts and Disbursements fo r the Year ending Oct. 3 1 ,1 9 0 1 . D is b u r s e m e n t s . R e c e ip t s . From dues capital, $81,187 00 interest, 18,735 28 138 58 premiums, . 414 56 fines, . . . . transfer fees, 3 00 38,200 00 real estate loans repaid, real estate loans elimi2,400 00 nated by foreclosure, real estate loans eliminated by maturity of 6,600 00 shares, 14,800 00 share loans repaid, 565 02 withdrawal profits, 3 43 forfeiture profits, . real estate by foreclos903 00 ure, . . . . personal account, 167 00 32,014 61 Cash on hand Oct. 31, 1900, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $196,131 48 For real estate loans, . share loans, . dues capital withdrawn, dues capital forfeited, dues capital retired, dues capital matured, . profits capital withdrawn, profits capital forfeited, . profits capital retired, profits capital matured, . temporary expenses, real estate by foreclosure, personal account, . interest, . . . . premium, Cash on hand Oct. 31, 1901, $83,600 19,350 18,487 165 18,628 16,287 2,260 13 5,340 7,539 1,382 2,997 195 7 00 00 00 00 00 00 89 73 92 31 84 25 33 02 25 19,876 94 $196,131 48 No. 8.] 165 SAYINGS BANK COMMISSIONERS. Total Amount of Loans at Specified Rates of Interest. L o a n s o n Sh a k e s. Loans on R eal E state. Amount. Rate. $296,700 00 14,800 00 8,700 00 5.00 per cent. 5.25 5.50 “ Amount. $200 00 16,900 00 4,000 00 Rate. Amount. Rate. 6.00 per cent. 6.30 6.60 “ $15,750 7,750 1,150 750 00 00 00 00 5.00 per cent. 5.25 “ 5.50 “ 6.30 May, 1890, . Nov., 1890, . May, 1891, . Nov., 1891, . May, 1892, . Nov., 1892, . May, 1893, . Nov., 1893, . May, 1894, . Nov., 1894, . May, 1895, . Nov., 1895, . May, 1896, . Nov., 1896, . May, 1897, . Nov., 1897, . May, 1898, . Nov., 1898, . May, 1899, . Nov., 1899, . May, 1900, . Nov., 1900, . May, 1901, . 9 $200 44 188 46 10 11 176 65 12 165 27 154 26 13 14 143 51 15 133 30 16 123 34 113 67 17 18 104 32 19 95 35 20 86 54 21 77 89 22 69 66 23 61 67 24 53 95 46 48 25 39 24 26 32 23 27 28 25 43 29 18 81 30 12 37 6 10 31 Dues paid in advance, . Total, • 26 88 99 90 120 110 141 143 199 171 220 236 394 288 466 441 348 376 392 523 549 643 839 Total Value. Shares in Force. Series. D ate of I ssu e. Value per Share. Reconciliation of Share Account with Dues and Profits Capital. $5,211 16,584 17,488 14,874 18,511 15,786 18,795 17,637 22,620 17.838 20,977 20,423 30,688 20,062 28,738 23,791 16,175 14,754 12,634 13,299 10,326 7,953 5,117 44 48 35 30 20 10 30 62 33 72 00 44 66 08 22 95 04 24 16 89 69 91 90 Dues capital, as per general ledger, . Profits capital, as per general ledger, . Unpaid dues, . 67,005 02 1,486 00 291 00 $390,582 02 Total, Number of shares issued during the year, -...................................1,587 Number of shares now in f o r c e , .................................................... 6,902 Number of shares now borrowed u p o n ,............................................2,478 Largest number of shares held by any one member, . . . . 25 Number of shares withdrawn during the y e a r , ...................................691 Number of shares forfeited during the year...............................................13 Number of shares retired during the y e a r , ............................................217 Number of shares matured during the year, . . . . . . 118 Highest rate of premium or interest received on money sold during the year: 6_i per cent. Lowest rate of premium or interest received on money sold during the year: 5 per cent. Rate of profits distributed: first term, 2 | per cent.; second term, 2 | per cent. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $322,091 00 $390,582 02 166 REPORT OF THE [Pub. Doc. Number of members withdrawn during the y e a r ,................................... 89 Present number of m em b ers,......................................................................... 683 Present number of b o r r o w e r s , .................................................................214 Present number of non-borrowers,.................................................................469 Number of loans secured by first mortgage of real estate, . . . 193 Number of loans on s h a r e s , ........................................................................... 97 Largest loan to any one member, ...................................................................... $5,000 00 Smallest loan to any one m em ber,...................................................................... 50 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 1,382 84 Date of examination by commissioner: May 28. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] SAVINGS BANK COMMISSIONERS. 167 M E L R O SE C O -O P E R A T IV E B A N K — M E L R O SE . Incorporated April 4, 1890. Commenced business April 20, 1890. L e v i S. G o u l d , President. C h a r l e s G . S c h a e d e l , Secretary. J o h n P. D e e r i n g , Treasurer. Names of security committee : F r a n k R. U p h a m , J o h n P. P e e r i n g , S t e p h e n A . L o v e jo y . Regular meetings the first Friday of each month. 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. Loans on real estate, Loans on shares, . Permanent expense account, Temporary expense account, Real estate by foreclosure, . Unpaid interest. Unpaid premiums, Unpaid fines, . . . . Cash in hands of treasurer, . $32,100 900 69 6 8,157 20 8 6 505 00 00 66 14 24 61 10 44 80 Dues capital, . . . . Profits capital (all series), Transfer fees, Withdrawal profits, Guaranty fund, Surplus, . . . . Forfeited share account, . $35,254 00 5,759 00 25 1 00 349 45 399 99 10 30 $41,773 99 $41,773 99 Detailed Statement of Receipts and Disbursements fo r the Year ending Oct. 3 1 ,1 9 0 1 D is b u r s e m e n t s . R e c e ip t s . From dues capital,. interest, premiums, . fines, . . . . transfer fees, real estate loans repaid, real estate loans eliminated by foreclosure, share loans repaid, withdrawal profits, forfeiture profits, . real estate by foreclosure, . . . . Cash on hand Oct. 31, 1900, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $9,061 2,024 41 74 00 54 90 77 50 5,100 00 5,600 1,900 16 4 00 00 59 65 For real estate loans, share loans, . dues capital withdrawn, dues capital forfeited, profits capital withdrawn, profits capital forfeited, . temporary expenses, real estate by foreclosure, Cash on hand Oct. 31, 1901, $10,850 300 10,033 330 1,950 19 175 5,994 505 00 00 00 00 08 65 99 18 80 6,091 13 243 62 $30,158 70 $30,158 70 [Pub. Doc REPORT OF THE 168 Total Amount of Loans at Specified Bates of Interest. L oans on R eal E sta te. L oans on Shakes. I Amount. Rate. Amount. ! $9,300 00 10,400 00 9,800 00 5.00 per cent. 5.50 “ 6.00 “ $1,200 00 1,400 00 Rate. Amount. 6.60 per cent. 7.80 $900 00 Rate. 5.00 per cent. April, 1890, . July, 1890,. Oct., 1890, . Jan., 1891,. July, 1891, . Oct., 1891,. April, 1892,. July, 1892, •. Oct., 1892, . April, 1893,. July, 1893, . Oct., 1893, . Jan., 1894, . April, 1894,. Jan., 1895, . April, 1895,. Oct., 1895,. April, 1896,. Oct., 1896,. April, 1897,. Oct., 1897, . April, 1898,. Oct., 1898, . April, 1899,. Oct., 1899,. April, 1900,. O ct, 1900,. April, 1901,. Oct., 1901,. 20 10 10 7 5 5 6 5 5 20 7 10 10 1 $180 51 175 51 170 56 165 72 156 15 151 45 142 26 137 76 133 30 124 58 120 29 116 04 111 88 107 76 95 66 91 69 83 88 76 27 68 78 61 45 54 11 46 87 39 83 32 95 26 25 19 70 13 32 7 09 1 00 2 3 4 6 7 9 10 11 13 14 15 16 17 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 2 7 37 15 35 34 47 24 24 41 63 57 32 84 105 99 $3,610 1,755 1,705 1,160 780 757 853 688 666 2,491 842 1,160 1,118 215 669 3,392 1,258 2,669 2,338 2,888 1,298 1,124 1,633 2,075 1,496 630 1,118 744 99 20 10 60 04 75 25 56 80 50 60 03 40 80 52 62 53 20 45 52 15 64 88 03 85 25 40 88 45 00 Dues capital, as per general ledger, . Profits capital, as per general ledger, . Unpaid dues, . • $41,271 00 Total, Number of shares issued during the y e a r , ............................................ 236 Number of shares now in f o r c e , ............................................................. 826 Number of shares now borrowed u p o n ,.....................................................175 Largest number of shares held by any one member, . . . .2 5 Number of shares withdrawn during the y e a r , ................................... 145 Number of shares forfeited during the y e a r , ............................................30 Highest rate of premium or interest received on money sold during the year: 6 per cent. Lowest rate of premium or interest received on money sold during the year: 5 per cent. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $35,254 00 5,759 00 258 00 27 00 Dues paid in advance, . Total, Total Value. Shares in Force. Value per Share. D ate of Issu e. Series. Beconciliation of Share Account with Dues and Profits Capital. $41,271 00 No. 8.] SAVINGS BANK COMMISSIONERS. 169 Rate of profits distributed : first term, 2^ per cent. ; second term, 2£ per cent. Number of members withdrawn during the y e a r ,................................... 15 Present number of m em bers,......................................................................... 136 Present number of borrowers,...........................................................................28 Present number of non-borrowers,.................................................................108 Number of loans secured by first mortgage of real estate, . . . 26 Number of loans on s h a r e s , .............................................................................3 Largest loan to any one m e m b e r ,......................................................................$2,600 00 Smallest loan to any one member,...................................................................... 200 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 175 90 Date of examination by commissioner : February 23. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 170 REPORT OF THE [Pub. Doc M E R C H A N T S ’ C O -O P E R A T IV E B A N K — BO ST O N . Incorporated Dec. 21,1881. Commenced business February, 1882. A l b e r t E . D x jff il l , Secretary and Treasurer. E d w a r d W . H o w e , President. Names of security committee: G e o r g e T . B osso n , J . H a r r is A u b i n , F ran k M . P e r r y , J ohn B utland, A l b e r t S. P a r s o n s . Regular meetings the second Monday of each month. B a la n c e S h e e t O c t . 31, 1901. A ssets. L ia b il it ie s . Loans on real estate, . $1,022,190 00 Dues capi tal , . . . . $992,003 00 Loans on shares, . 62,040 00 Profits capital (all series), . 139,702 77 Temporary expense account, 2,404 96 Interest, . . . . 20,048 70 Real estate by foreclosure, . 12,028 67 Premiums, . . . . 182 64 Mortgages, . . . . 67,219 60 F i n e s , ................................... 619 69 Suspense account, 31 42 Transfer fees, 12 25 Tax titles, . . . . 314 87 Withdrawal profits, 1,153 70 Personal accounts, 1,026 66 Guaranty fund, 11,676 41 Cash in hands of treasurer, . 7,221 68 Surplus,................................... 8,737 66 Forfeited share account, 245 86 Personal accounts, 95 18 $1,174,477 86 $1,174,47786 Detailed Statement of Receipts and Disbursements for the Year endinq Oct. 3 1 ,1 9 0 1 . R e c e ip t s . D is b u r s e m e n t s . From dues capital,. $285,322 00 interest, 61,198 20 premiums, . 652 01 fines, . . . . 2,722 33 transfer fees, 28 25 real estate loans repaid, 95,887 08 real estate loans eliminated by foreclosure, 16,610 04 real estate loans eliminated by maturity of shares, 5,200 00 share loans repaid, 66,670 00 withdrawal profits, 2,206 57 forfeiture profits, . 12 92 forfeited shares, . 1,453 06 real estate by foreclosure, . . . . 23,808 05 profit and loss account, 06 expense account, . 71 51 suspense account, 1,815 95 surplus account, . 99 76 tax titles, 25 00 profits............................. 1 53 Cash on hand Oct. 31, 1900, . 19,188 06 For real estate loans, . $157,800 00 share loans, . 64,020 00 dues capital withdrawn, 108,333 00 dues capital forfeited, 1,242 00 dues capital retired, 146,902 00 dues capital matured, . 12,085 00 profits capital withdrawn, 16,677 79 profits capital forfeited, . 238 05 profits capital retired, 30,580 10 profits capital matured, . 5,354 80 temporary expenses, 6,162 06 forfeited shares, 1,453 06 interest on retired shares, 1,865 03 real estate by foreclosure, 20,342 97 suspense account, . 1,926 81 surplus account, 428 16 tax titles, 339 87 Cash on hand Oct. 31, 1901, . 7,221 68 $582,972 38 $582,972 38 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] 171 SAVINGS BANK COMMISSIONERS Total Amount of Loans at Specified Rates of Interest. L oans on R eal E sta te. Rate. Amount. $778,950 94,190 9,800 2,200 00 00 00 00 L oans on S h akes. Amount. Rate. 5.00 per cent. $126,700 00 5.25 “ 8,000 00 5.50 1,350 00 1,000 00 5.75 Amount. 6.30 per cent. 6.60 6.90 “ 7.50 “ $57,700 2,270 1,290 730 50 00 00 00 00 00 Rate. 5.00 per cent. 5.25 “ 5.50 5.75 « 6.00 “ June, 1890, . Dec., 1890, . June, 1891, . Dec., 1891, . June, 1892, . Dec., 1892, . June, 1893, . Dec , 1893, . June, 1894, . Dec., 1894, . June, 1895, . Dec., 1895, . June, 1896, . Dec., 1896, . June, 1897, . Dec., 1897, . June, 1898, . Dec., 1898, . June, 1899, . Dec., 1899, . June, 1900, . Dec., 1900, . June, 1901, . 18 $191 95 74 19 180 14 96 20 168 76 137 21 129 157 75 22 198 147 08 23 136 76 200 24 126 83 278 602 25 117 23 26 456 107 97 98 98 27 457 28 90 31 768 29 81 94 916 30 73 84 1,173 31 66 02 1,522 32 58 43 1,742 33 51 07 2,258 34 43 94 1,310 35 37 02 1,781 30 29 1,266 36 23 73 1,392 37 38 17 33 1,483 39 11 09 1,947 40 5 00 3,034 $14,204 17,293 23,120 20,349 29,121 27,352 35.258 70,572 49,234 45,233 69,358 75,057 86,614 100,482 101,785 115,316 57,561 65,932 38,347 33,032 25,700 21,592 15,170 30 44 12 75 84 00 74 46 32 86 08 04 32 44 06 06 40 62 14 16 39 23 00 Dues capital, as per general ledger, . Profits capital, as per general ledger, . Unpaid dues, . $992,003 00 139,702 77 7,396 00 1,412 00 Dues paid in advance, . Total, Total Value. Shares in Force. Value per Share. Late op Issue. Series. Reconciliation of Share Account with Dues and Profits Capital. , $1,139,10177 Total, $1,139,10177 Number of shares issued during the year...........................................5,411 Number of shares now in f o r c e , .....................................................23,219 Number of shares now borrowed u p o n ,............................................7,217 Largest number of shares held by any one member, . . . . 25 Number of shares withdrawn during the year, . . . . 2,701 Number of shares forfeited during the year............................................... 46 Number of shares retired during the year................................. ........ 1,888 Number of shares matured during the y e a r ,............................................87 Highest rate of premium or interest received on money sold during the year : 5 per cent. Lowest rate of premium or interest received on money sold during the year : 5 per cent. Rate of profits distributed : first term, 2£ per cent.; second term, 2£ per cent. Number of members withdrawn during the y e a r ,................................... 366 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] 173 SAYINGS BANK COMMISSIONERS M E R R IM A C K C O -O P E R A T IV E B A N K — L A W R E N C E . Incorporated April 2, 1892. Commenced business April 28, 1892. C. J . C o r c o b a n , Secretary. C. A. M cCa r t h y , Treasurer. J . J . M a h o n e y , President. Names of security committee : H. J. M cQ u e e n e y , J a m e s A. B r o g a n . Regular meetings the first Friday of each month. 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. Loans on real estate, Loans on shares, . Permanent expense account, . Unpaid interest, Unpaid premiums, . Unpaid fines, . . . . Cash in hands of secretary, . Cash in hands of treasurer, . $52,675 2,000 275 647 10 235 145 151 00 00 87 00 90 96 50 38 Dues capi tal , . . . . Profits capital (all series), . Guaranty fund, Surplus..................................... Forfeited share account, $56,141 61 $43,506 8,821 659 2,335 819 00 63 15 39 44 $56,141 61 Detailed Statement of Receipts and Disbursements for the Year ending Oct. 3 1 ,1 9 0 1 . D is b u r s e m e n t s . R e c e ip t s . $13,023 00 From dues capital,. 2,860 83 interest, 60 65 premiums, . 184 61 fines, . . . . 25 transfer fees, 13,475 00 real estate loans repaid, 2,395 00 share loans repaid, 200 28 withdrawal profits, 17 12 forfeiture profits, . 628 14 forfeited shares, . 7,940 68 Cash on hand Oct. 31, 1900, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $40,785 56 For real estate loans, share loans, . dues capital withdrawn, dues capital forfeited, . dues capital retired, profits capital withdrawn, profits capital forfeited, . profits capital retired, temporary expenses, forfeited shares, Cash on hand Oct. 31, 1901, . $24,150 2,315 6,495 588 3,840 802 68 1,257 20 951 296 00 00 00 00 00 71 60 70 25 42 88 $40,785 56 [Pah. Doc REPORT OF THE 174 Total Amount of Loans at Specified Rates of Interest. L o a n s o n Sh a k e s. L oans on R eal E sta te. Amount. Rate. Amount. Rate. Amount. Rate. $34,100 00 6.00 per cent. $18,575 00 6.30 per cent. $1,500 00 500 00 6.00 per cent. 6.30 “ 1892, 1893, 1893, 1894, 1894, 1895, 1896, 1896, 1897, 1897, 1898, 1898, 1899, 1899, 1900, 1900, 1901, . . . . . . . . . . . . . . . . . 1 3 4 5 6 8 9 10 n 12 13 14 15 16 17 18 19 $153 132 122 113 104 86 78 69 61 54 46 39 32 25 18 12 6 Dues paid in advance, . Total, 07 72 95 46 23 57 13 93 97 24 74 46 39 52 85 38 10 Total Value. May, May, Nov., May, Nov., Nov., May, Nov., May, Nov., May, Nov., May, Nov., May, Nov., May, Shares in Force. Date of Issu e. Value per Share. Series. Reconciliation of Share Account with Dues and Profits Capital. 95 28 $14,541 3,716 1,229 2,723 2,188 432 4,375 4,615 3,594 2,006 2,337 2,407 2,429 2,449 1,225 1,225 1,567 10 24 21 5 56 66 58 37 50 61 75 96 65 99 257 65 16 50 04 83 85 28 38 26 88 00 06 25 92 25 62 70 Dues capital, as per general ledger, . Profits capital, as per general ledger, . Unpaid dues, . $43,506 00 8,821 63 753 00 15 00 $53,080 63 Total, $53,080 63 Number of shares issued during the y e a r , ............................................409 Number of shares now in f o r c e , .....................................................1,103 Number of shares now borrowed u p o n ,.................................................... 348 Largest number of shares held by any one member, . . . . 25 Number of shares withdrawn during the y e a r , ................................... 227 Number of shares forfeited during the y e a r ,............................................27 Number of shares retired during the y e a r , ............................................35 Highest rate of premium or interest received on money sold during the year: 6 per cent. Lowest rate of premium or interest received on money sold during the year: 6 per cent. Rate of profits distributed: first term, 3 per cent.; second term, 3 per cent. Number of members withdrawn during the y e a r ,...................................20 Present number of m em b ers,......................................................................... 124 Present number of borrowers,........................................................................... 50 Present number of non-borrowers, . .....................................................74 Number of loans secured by first mortgage of real estate, . . . 56 Number of loans on s h a r e s , ...........................................................................23 Largest loan to any one m e m b e r ,......................................................................$3,500 00 Smallest loan to any one m em ber,...................................................................... 50 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 83 92 Date of examination by commissioner : March 12. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] SAYINGS BANK COMMISSIONERS 175 M ID D L E B O R O U G H C O -O P E R A T IV E B A N K — M ID D L E BO R O U G H . Incorporated May 1, 1889. Commenced business May 21, 1889. W. H. S o u t h w o r t h , President. J o s e p h E. B e a l s , Secretary and Treasurer. Names of security committee: W a r r e n H . S o u t h -w o r t h , C o r n e l iu s H . L e o n a r d , H enry W . Sea rs. Regular meetings the third Tuesday of each month. B a l a n c e S h e e t O c t . 31, 1901. L ia b il it ie s . A ssets. $184,900 00 Loans on real estate, 1,850 00 Loans on shares, . 3,154 65 Mortgages, . . . . 401 00 Unpaid interest, 4 20 Unpaid premiums,. Unpaid fines, . . . . 37 18 70 00 Furniture and fixtures, . 2,518 05 Cash in hands of treasurer, . Dues capital, . . . . Profits capital (all series), . Interest,................................... Guaranty fund, Surplus, . . . . $156,457 33,323 7 825 2,373 00 05 00 00 03 $192,985 08 $192,985 08 Detailed Statement of Receipts and Disbursements for the Year endinq Oct. 3 1 , 1 9 0 1 . D is b u r s e m e n t s . R e c e ip t s . $38,408 00 From dues capital,. interest, 10,677 52 15 18 premiums, . 220 03 fines, . . . . 4 25 transfer fees, 16,150 00 real estate loans repaid. 800 00 share loans repaid, 89 05 withdrawal profits, 49 09 mortgage, temporary expense ac3 38 count, 6,934 87 Cash on hand Oct 31, 1900, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $73,351 37 For real estate loans, share loans, . dues capital withdrawn, dues capital retired, dues capital matured, profits capital withdrawn, profits capital retired, profits capital matured, . temporary expenses, interest on retired shares, interest on m a t u r e d shares, . . . . Cash on hand Oct. 31, 1901, . $32,368 1,500 18,210 2,760 6,724 4,511 1,092 2,894 621 94 95 00 00 00 00 06 00 40 11 80 57 00 2,518 05 $73,351 37 [Pub. Doc, REPORT OF THE 176 Total Amount of Loans at Specified Rates of Interest. L oans on Sh arks. L oans on R ea l E sta te. Amount. Rate. Amount. Rate. Amount. Rate. $182,650 00 6.00 per cent. $2,300 00 6.30 per cent. $1,800 00 50 00 6.00 per cent. 6.30 “ . . . . . . . . . . . . . . . . . . . . . . . 22 59 51 51 56 60 77 30 75 127 86 134 113 183 177 146 261 169 235 250 340 249 311 3 $198 30 186 60 4 175 24 5 164 18 6 153 44 7 8 143 04 9 132 92 10 123 11 113 59 11 104 34 12 13 95 36 14 86 63 15 78 17 69 96 16 61 98 17 54 24 18 19 46 74 39 46 20 32 39 21 22 25 52 18 85 23 24 12 38 6 10 25 Dues paid in advance, . Total, • • . • Total Value. Shares in Force. Series. Date of I ssu e. May, 1890, Nov., 1890, May, 1891, Nov., 1891, May, 1892, Nov., 1892, May, 1893, Nov., 1893, May, 1894, Nov., 1894, May, 1895, Nov., 1895, May, 1896, Nov., 1896, May, 1897, Nov., 1897, May, 1898, Nov., 1898, May, 1899, Nov., 1899, May, 1900, Nov., 1900, May, 1901, Value per Share. Reconciliation of Share Account with Dues and Profits Capital. $4,362 11,009 8,937 8,373 8,692 8,582 10,234 3,693 8,519 13,251 8,200 11,608 8,833 12,802 10,970 7,919 12,199 6,668 7,611 6,380 6,409 3,082 1,897 60 40 24 18 64 40 84 30 25 18 96 42 21 68 46 04 14 74 65 00 00 62 10 Dues capital, as per general ledger, . $156,457 00 Profits capital, as per 33,323 05 general ledger, . Unpaid dues, . 617 00 258 00 • $190,397 05 Total, $190,397 05 Number of shares issued during the y e a r , ........................................... 589 Number of shares now in force, . ............................................3,262 Number of shares now borrowed u p o n ,............................................1,014 Largest number of shares held by any one member, . . .2 5 Number of shares withdrawn during the y e a r , ................................... 351 Number of shares retired during the y e a r , ............................................20 Number of shares matured during the y e a r ,............................................48 Highest rate of premium or interest received on money sold during the year: 6 per cent. Lowest rate of premium or interest received on money sold during the year: 6 per cent. Rate of profits distributed: first term, 3 per cent.; second term, 3 per cent. Number of members withdrawn during the y e a r ,................................... 43 Present number of m em b ers,...................................................................... 533 Present number of borrowers,...................................................................... 150 Present number of non-borrowers, . . > ............................................383 Number of loans secured by first mortgage of real estate, . . .182 Number of loans on s h a r e s , ......................................................................* 11 Largest loan to any one m e m b e r ,......................................................................$5,000 00 Smallest loan to any one member,...................................................................... 50 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 617 73 Date of examination by commissioner : May 21. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] L77 SAYINGS BANK COMMISSIONERS. M ID D L E S E X C O -O P E R A T IV E B A N K — L O W E L L . Incorporated Nov. 2, 1892. Commenced business Nov. 3, 1892. W il l ia m D. B r o w n , Secretary and Treasurer. J essf . H. S h e p a r d , President. Names of security committee: W il l ia m M. S h e r w e l l , G e o r g e A. R o p e r , J o h n M. K in g s b u r y . Regular meetings the last Friday of each month. B a l a n c e S h e e t O ct . 31, 1901. L ia b il it ie s . A ssets. $154,325 00 Loans on real estate, 8,250 00 Loans on shares, . 760 69 Unpaid interest, 8 80 Unpaid premiums,. 89 35 Unpaid fines, . . . . 3,930 78 Cash in hands of treasurer, . $141,260 00 Dues capital, . . . . 24,289 55 Profits capital (all series), . 372 41 Guaranty fund, 1,442 66 Surplus,................................... $167,364 62 $167,364 62 Detailed Statement of Receipts and Disbursements fo r the Year ending Oct. 3 1 ,1 9 0 1 . D is b u r s e m e n t s . R e c e ip t s . $41,746 00 From dues capital,. 7,835 58 interest, 85 10 premiums, . 246 58 fines, . . . . 75 transfer fees, 17,250 00 real estate loans repaid, 6,095 00 share loans repaid, 292 19 withdrawal profits, 4,263 04 Cash on hand Oct. 31, 1900, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $77,814 24 For real estate loans, . share loans, . dues capital withdrawn, dues capital retired, profits capital withdrawn, profits capital retired, temporary expenses, Cash on hand Oct. 31,1901, . $41,350 7,435 16,734 4,224 2,380 988 771 3,930 00 00 00 00 24 96 26 78 $77,814 24 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] 179 SAVINGS BANK COMMISSIONERS M IL F O R D C O -O P E R A T IV E B A N K — M IL F O R D . Incorporated March 31,1887. Commenced business April 1, 1887. R. C. E l d r id g e , President. W. S. V. C o o k e , Secretary and Treasurer. Names of security committee: C l in t o n R. S cott , L u c iu s E. H e a t h , C h e s t e r L . Cl a r k , D a n ie l J. C r o n a n . Regular meetings the first Monday of each month. B a la n c e S h e e t O ct . 31, 1901. A ssets. L ia b il it ie s . $223,115 00 Loans on real estate, 8,900 00 Loans on shares, . 1 00 Temporary expense account, 663 59 Real estate by foreclosure, . 2,810 40 Unpaid interest, 287 91 Unpaid fines, . . . . 8,123 51 Cash in hands of treasurer, . Dues capital, Profits capital (all series), . Interest, . . . . F i n e s , ................................... Transfer fees, Withdrawal profits, Guaranty fund, . Surplus, . . . . $201,229 38,586 1,210 47 4 26 1,725 1,072 00 48 57 80 00 56 00 00 $243,901 41 $243,901 41 Detailed Statement of Receipts and Disbursements fo r the Year ending Oct. 3 1 ,1 9 0 1 . D is b u r s e m e n t s . R e c e ip t s . $55,281 00 From dues capital,. 13,534 39 interest, 369 32 fines, . . . . 21 00 transfer fees, 35,625 00 real estate loans repaid, real estate loans elirninated by maturity of 3,200 00 shares, 6,070 00 share loans repaid, 176 31 withdrawal profits, 56 40 insurance, 30 profits, . . . . 9,581 13 Cash on hand Oct. 31, 1900, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $123,914 85 For real estate loans, . share loans, . dues capital withdrawn, dues capital retired, dues capital matured, profits capital withdrawn, profits capital retired, profits capital matured, . temporary expenses, interest on m a t u r e d shares............................ personal account, . insurance, Cash on hand Oct. 31, 1901, . $47,700 4,300 9,994 37,595 2,256 2,279 9,773 959 694 00 00 00 00 00 74 56 68 37 32 150 56 8,123 00 59 40 51 $123,914 85 180 REPORT OF THE [Pub. Doc Total Amount of Loans at Specified Rates of Interest. L oans on R ea l E sta te. Amount. $3,000 800 189,490 6,750 8,250 2,950 00 00 00 00 00 00 Rate. 5 percent 5i 6 6J 6J 6| “ L oans on Sh a res. Amount. $5,650 2,500 3,125 300 300 Rate. 00 00 00 00 00 6£ per cent. 6| 6^ 7| là Rate. Amount. “ $350 00 8,500 00 50 00 5 per cent. 6 6| “ Oct., 1890, . April, 1891,. Oct., 1891,. April, 1892,. Oct., 1892,. April, 1893, . Oct., 1893,. April, 1894,. Oct., 1894,. April, 1895,. Oct., 1895,. April, 1896, . Oct , 1896,. April, 1897, . Oct., 1897, . April, 1898,. Oct., 1898,. April, 1899, . Oct., 1899,. April, 1900,. Oct., 1900, . April, 1901, . Oct., 1901,. 8 $187 29 9 175 94 10 164 92 11 154 22 12 143 83 13 133 75 14 123 96 114 46 15 16 105 23 96 27 17 18 87 57 19 79 13 20 70 93 21 62 97 22 55 24 23 47 74 24 40 46 25 33 39 26 26 52 19 85 27 28 13 38 29 7 10 30 ' 1 00 Dues paid in advance, . Total, 6 23 16 100 103 94 104 143 155 156 79 137 377 431 203 201 126 95 203 655 739 239 240 Total Value. Shares in Force. Value per Share. D ate of I ssu e. Series. Reconciliation of Share Account with Dues and Profits Capital. $1,123 4,046 2,638 15,422 14,814 12,572 12,891 16,367 16,310 15,018 6,918 10,840 26,740 27,140 11,213 9,595 5,097 3,172 5,383 13,001 9,887 1,696 240 74 62 72 00 49 50 84 78 65 12 03 81 61 07 72 74 96 05 56 75 82 90 00 Dues capital, as per gen$201,229 00 eral ledger, . Profits capital, as per 38,586 48 general ledger, . Unpaid dues, . 2,657 00 337 00 $242,472 48 Total, Number of shares issued during the year................................................... 633 Number of shares now in f o r c e , .....................................................4,625 Number of shares now borrowed u p o n ,............................................1,559 Largest number of shares held by any one member, . . . .2 5 Number of shares withdrawn during the y e a r , ................................... 254 Number of shares retired during the y e a r , ............................................432 Number of shares matured during the y e a r ,............................................16 Highest rate of premium or interest received on money sold during the year: 6£ per cent. Lowest rate of premium or interest received on money sold during the year: 5 per cent. Rate of profits distributed: first term, 3 per cent,; second term, 3 per cent. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $242,472 48 No. 8.] SAYINGS BANK COMMISSIONERS Number of members withdrawn during the y e a r ,................................... 86 Present number of m em b ers,......................................................................... 702 Present number of borrowers,.........................................................................238 Present number of non-borrowers,................................................................ 464 Number of loans secured by first mortgage of real estate, . . . 256 Number of loans on shares................................................................................. 57 Largest loan to any one m e m b e r ,............................................................. Smallest loan to any one m em ber,...................................................................... Amount of expenses of the corporation for the year ending Oct. 31, 1901, . Date of examination by commissioner : May 3. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 181 $5,000 00 50 00 694 37 182 [Pub. Doc. REPORT OF THE M T. W A S H IN G T O N C O -O P E R A T IV E B A N K — SO U T H BO ST O N . Incorporated June 20, 1893. Commenced business June 21, 1893. J o h n M . S h e a , Secretary and Treasurer. T hom as J . G i b l i n , President. Names of security committee: C h a r l e s P. M o o n e y , J ohn H . G ib l in , F ra n k J . H annon. Regular meetings the third Wednesday of each month. B a la n c e S h e e t O ct . 31, 1901. L ia b il it ie s . A ssets. Loans on real estate, $108,700 00 Loans on shares, . 9,209 00 Permanent expense account, 320 80 Temporary expense account,. 318 68 Unpaid interest, 414 61 Unpaid fi nes, . . . . 40 28 Cash in hands of treasurer, . 3,028 43 $104,348 00 Dues capi tal , . . . . 12,154 34 Profits capital (all series), . Interest, . . . . 3,033 92 9 13 Premiums, . . . . F i n e s , ................................... 60 57 154 92 Withdrawal profits, 40 Forfeiture profits, . Guaranty fund, 247 46 1,996 06 Surplus, . . . . Forfeited share account, 27 00 $122,031 80 $122,031 80 Detailed Statement of Receipts and Disbursements for the Year endinq Oct. 3 1 ,1 9 0 1 . R e c e ip t s . D is b u r s e m e n t s . From dues capital, . $36,220 00 interest, 5,557 19 premiums, . 18 13 fines, . . . . 128 32 real estate loans repaid, 10,600 00 10,386 00 share loans repaid, withdrawal profits, 577 83 forfeiture profits, . 40 5 00 forfeited shares, . Cash on hand Oct. 31, 1900, . 2,044 97 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $65,537 84 For real estate loans, . share loans, . dues capital withdrawn, dues capital forfeited, . dues capital retired, profits capital withdrawn, profits capital forfeited, . profits capital retired, . temporary expenses, permanent expenses, forfeited shares, Cash on hand Oct. 31, 1901, . $29,350 8,005 19,583 5 1,796 2,313 1 464 619 250 120 3,028 00 00 00 00 00 28 65 36 43 80 89 43 $65,537 84 No. 8.] 183 SAVINGS BANK COM M ISSIONERS Total Amount of Loans at Specified Bates of Interest. Loans on Real E state. Loans on Sharks. Amount. Rate. Amount. Rate. Amount. Rate. $77,350 00 26,500 00 5.00 per cent. 6.00 $4,850 00 6.30 per cent. $4,689 00 4,470 00 50 00 5.00 per cent. 6.00 6.30 » 10 11 12 13 14 15 16 17 Dues paid in advance, . Total, • * 44 17 13 41 92 39 30 41 79 38 99 05 30 73 33 09 00 Total Value. $125 116 107 98 89 84 76 68 60 53 44 38 31 24 18 12 6 1 2 3 4 5 6 7 8 9 Shares in Force. June, 1893, . Dec., 1893, . June, 1894, . Dec., 1894, . June, 1895, . Oct., 1895,. April, 1896,. Oct., 1896,. April, 1897,. Oct., 1897, • May, 1898, . N o v ., 1898, . May, 1899, . N o v ., 1899, . May, 1900, . N o v ., 1900, . May, 1901, . Series. D ate of I ssue. Value per Share. Reconciliation of Share Account with Dues arid Profits Capital. 107 58 42 58 52 63 231 82 82 180 94 147 209 348 324 362 675 $13,422 6,737 4,499 5,707 4,675 5,316 17,625 5,609 4,984 9,608 4,229 5,593 6,541 8,606 5.938 4,376 4,050 08 86 46 78 84 57 30 62 78 40 06 35 70 04 92 58 00 Dues capital, as per general ledger, . $104,348 00 Profits capital, as per general ledger, . 12,154 34 Unpaid dues, . 1,124 00 103 00 $117,626 34 Total, $117,626 34 Number of shares issued during the y e a r , ................................... 1,377 Number of shares now in f o r c e , .................................................... 3,114 Number of shares now borrowed u p o n ,.................................................... 818 Largest number of shares held by any one member, . . . .2 5 Number of shares withdrawn during the y e a r , ...................................825 Number of shares forfeited during the y e a r ,............................................5 Number of shares retired during the y e a r , ............................................19 Highest rate of premium or interest received on money sold during the year: 5 per cent. Lowest rate of premium or interest received on money sold during the year: 5 per cent. Rate of profits distributed: first term, 2.J per cent.; second term, 2^ per cent. Number of members withdrawn during the y e a r ,...................................72 Present number of m em b ers,......................................................................... 319 Present number of borrowers,........................................................................... 92 Present number of non-borrowers,................................................................ 227 Number of loans secured by first mortgage of real estate, . . . 55 Number of loans on s h a r e s , ........................................................................... 74 Largest loan to any one m e m b e r ,......................................................................$4,600 00 Smallest loan to any one member......................................................................... 20 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 649 43 Date of examination by commissioner : June 25. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 184 R EPO R T O F TH E [Pub. Doc NEEDHAM CO-OPERATIVE BANK —NEEDHAM. Incorporated April 21, 1892. Commenced business May 9, 1892. W. G. M o se l e y , Secretary and Treasurer. A l b e r t E. M il l e r , President. Names of security committee: J ohn M o se l e y , F r e d G. T u t t l e , E d m u n d G. P o n d , H. A. C rossm an , F r e d G. C l e w s . Regular meetings the first Monday after the first Friday of each month. B a l a n c e S h e e t O ct . 31, 1901. A ssets. Loans on real estate, Loans on shares, . Cash in hands of treasurer, . L ia b il it ie s . $39,600 00 3,590 00 1,016 65 Dues capital, Profits capital (all series), . Guaranty fund, . Surplus, . . . . $44,236 65 $36,283 6,968 175 809 00 75 00 90 $44,236 65 Detailed Statement of Receipts and Disbursements for the Year endinq Oct. 3 1 ,1 9 0 1 . R e c e ip t s . D is b u r s e m e n t s . From dues capital,. $11,458 00 2,291 27 interest, 119 00 premiums, . 39 79 fines, . . . . 25 transfer fees, 2,900 00 real estate loans repaid, 2,875 00 share loans repaid, 134 04 withdrawal profits, 4,973 70 Cash on hand Oct. 31, 1900, . For real estate loans, share loans, . dues capital withdrawn, profits capital withdrawn, temporary expenses, Cash on hand Oct. 31, 1901, . $24,791 05 $11,800 3,615 7,105 1,096 128 1,046 00 00 00 25 15 65 $24,791 05 Total Amount of Loans at Specified Rates of Interest. L oans on R eal E state. Amount. Rate. $39,000 00 6.30 per cent. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Amount $600 00 Loans on Sh a r es. Rate. Amount. Rate. 6.60 per cent. $3,590 00 6.30 per cent. No. 8.] SAYINGS BANK COM M ISSIONERS. 185 . . . . . . . . . . . . . . . . . 1 $153 22 2 142 83 132 75 3 4 122 96 5 113 46 104 23 6 95 27 7 8 86 57 9 78 13 11 61 97 13 46 74 14 39 46 15 32 39 16 25 52 18 85 17 18 12 38 19 6 10 Dues paid in advance, . Total, V Total Value. 1892, 1892, 1893, 1893, 1894, 1894, 1895, 1895, 1896, 1897, 1898, 1898, 1899, 1899, 1900, 1900, 1901, Shares in Force. May, Nov., May, Nov., May, Nov., May, Nov., May, May, May, Nov., May, Nov., May, Nov., May, Series. D Ia st s e u eo . f Value per Share. Reconciliation of Share Account with Dues and Profits Capital. 70 8 24 1 3 31 25 8 30 84 45 39 106 56 207 65 132 $10,725 1,142 3,186 122 340 3,231 2,381 692 2,343 5,205 2,103 1,538 3,433 1,429 3,901 804 805 40 64 00 96 38 13 75 56 90 48 30 94 34 12 95 70 20 Dues capital, as per general ledger, . Profits capital, as per general ledger, . Unpaid dues, . $36,283 00 6,968 75 158 00 21 00 $43,409 75 Total, $43,409 75 Number of shares issued during the y e a r , ............................................276 Number of shares now in f o r c e , ............................................................. 934 Number of shares now borrowed u p o n ,.....................................................250 . . . . 25 Largest number of shares held by any one member, Number of shares withdrawn during the y e a r , ................................... 267 Highest rate of premium or interest received on money sold during the year: 6 3-10 per cent. Lowest rate of premium or interest received on money sold during the year: 6 3-10 per cent. Hate of profits distributed: first term, 3 per cent.; second term, 3 per cent. Number of members withdrawn during the y e a r ,................................... 34 Present number of members............................................................................. 143 Present number of borrowers,........................................................................... 36 Present number of non-borrowers....................................................................107 Number of loans secured by first mortgage of real estate, . . . 30 Number of loans on s h a r e s , ............................................................................. 8 Largest loan to any one m e m b e r ,......................................................................$4,000 00 Smallest loan to any one m em ber,...................................................................... 15 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 128 15 Date of examination by commissioner : January 4. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 186 [Pub. Doc. R EPO R T O F T H E NEW BEDFORD CO-OPERATIVE BANK —NEW BEDFORD. Incorporated July 11, 1881. Commenced business Aug. 19, 1881. G eorge R. S tetson , President. C h a r l e s R. P r ic e , Secretary. E d g a r L o r d , Treasurer. Names of security committee: B e n ja m in F . B r o w n e l l , L ot B . B a t e s , W il l ia m A . K ir b y . Regular meetings the third Friday of each month. B a l a n c e S h e e t O c t . 31, 1901. L ia b il it ie s . A ssets. $299,130 00 Loans on real estate, 13,145 00 Loans on shares, . 1,825 96 Real estate by foreclosure, 1,561 00 Unpaid dues, . . . . 1,292 85 Unpaid interest, 140 88 Unpaid fines, . . . . 2,059 63 Personal accounts, . Cash in hands of treasurer, . 7,734 30 Dues capital, . . . . Profits capital (all series), Guaranty fund, Surplus, . . . . Forfeited share account, Suspense account,. Due on mortgage loans, Personal accounts, . $326,889 62 $261,245 53,563 5,750 4,822 128 2 1,250 127 00 81 22 24 46 00 00 89 $326,889 62 Detailed Statement of Receipts and Disbursements for the Year endinq Oct. 3 1 ,1 9 0 1 . D is b u r s e m e n t s . t R e c e ip t s . $66,666 00 From dues capital,. interest, 17,625 55 fines, . . . . 426 52 l 25 transfer fees, 49,983 25 real estate loans repaid, real estate loans elimi9,900 00 nated by foreclosure, real estate loans eliminated by maturity of 3,900 00 shares, 17,200 00 share loans repaid, 495 61 withdrawal profits, 7 58 forfeiture profits, . 427 02 forfeited shares, . real estate by foreclos13,691 09 ure, . . . . 1,139 27 personal accounts, uncompleted mortgage 1,250 00 loans, Cash on hand Oct. 31, 1900, . 6,495 07 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $189,208 21 For real estate loans, . share loans, . dues capital withdrawn, dues capital forfeited, . dues capital retired, dues capital matured, profits capital withdrawn, profits capital forfeited, . profits capital retired, . profits capital matured, . temporary expenses, interest, . . . . forfeited shares, interest on retired shares, interest on m a t u r e d shares, . . . . real estate by foreclosure, personal accounts, . retired share account, . uncompleted mortgage loans, . . . . Cash on hand Oct. 31, 1901, . $72,550 13,460 37,019 406 22,126 2,841 6,955 28 8,886 1,168 1,885 00 00 00 00 00 00 34 60 20 63 74 97 427 02 407 86 50 10,799 1,311 374 41 58 72 76 775 08 7,734 30 $189,208 21 No. 8.] SAYINGS BANK COM M ISSIONERS. 187 Total Amount of Loans at Specified Rates of Interest. L oans on R ea l E sta te. Amount. $171,550 1,250 96,605 13,575 1,350 3,725 3,175 200 00 00 00 00 00 00 00 00 L oans on Sh arks. Rate. Amount. Rate. 5.50 per cent. 5.75 “ 6.06 “ 6.12 “ 6.18 “ 6.24 “ 6.30 “ 6.36 “ $700 2,200 1,450 2,000 975 75 300 6.42 per cent. 6.48 “ 6.54 “ 6.60 “ 6.66 “ 6.72 « 6.78 “ 00 00 00 00 00 00 00 Amount. $10,850 265 1,900 130 00 00 00 00 Rate. 5.50 per cent. 5.75 » 6.06 “ 6.12 “ Dues paid in advance, . Total, • • Total Value. 19 $194 60 20 183 09 21 171 94 22 161 12 23 150 58 24 140 41 25 130 53 26 120 90 111 57 27 102 53 28 29 93 73 30 85 19 76 92 31 32 68 87 33 61 06 34 53 50 35 46 15 36 38 99 32 05 37 38 25 30 39 18 73 40 12 33 41 6 09 Shares in Force. May, 1890, . Nov., 1890, . May, 1891, . Nov., 1891, . May, 1892, . Nov., 1892, . May, 1893, . Nov., 1893, . May, 1894, . Nov., 1894, . May, 1895, . Nov., 1895, . May, 1896, . Nov., 1896, . May, 1897, . Nov., 1897, . May, 1898, . Nov., 1898, . May, 1899,. Nov., 1899, . May, 1900, . Nov., 1900, . May, 1901, . Series. L ate op I ssu e. Value per Share. Reconciliation of Share Account with Dues and Profits Capital. 71 105 105 109 92 94 114 162 96 162 131 164 225 272 277 226 249 264 367 528 420 558 667 $13,816 19,224 18,053 17,562 13,853 13,198 14,880 19,585 10,710 16,609 12,278 13,971 17,307 18,732 16,913 12,091 11,491 10,293 11,762 13,358 7,866 6,880 4,062 60 45 70 08 36 54 42 80 72 86 63 16 00 64 62 00 35 36 35 40 60 14 03 Dues capital, as per general ledger, . $261,245 00 Profits capital, as per general ledger, . 53,563 81 305 00 • $314,808 81 Total, Number of shares issued during the y e a r , ................................... 1,361 Number of shares now in f o r c e , .....................................................5,458 Number of shares now borrowed upon,............................................2,070 Largest number of shares held by any one member.................................25 Number of shares withdrawn during the y e a r , ................................... 889 Number of shares forfeited during the y e a r ,............................................51 Number of shares retired during the y e a r , ............................................159 Number of shares matured during the year............................................... 20 Highest rate of premium or interest received on money sold during the year: 5^ per cent. Lowest rate of premium or interest received on money sold during the year: 5^ per cent. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $314,808 81 188 R E P O R T 'O F T H E [Pub. Doc. Rate of profits distributed : first term, 2^ per cent. ; second term, 2£ per cent. Number of members withdrawn during the year, . . . . . 138 Present number of m em bers,......................................................................... 730 Present number of b o r r o w e r s , ................................................................ 263 Present number of non-borrowers,................................................................ 467 Number of loans secured by first mortgage of real estate, . . .207 Number of loans on s h a r e s , ........................................................................... 56 Largest loan to any one m e m b e r ,......................................................................$5,000 00 Smallest loan to any one m em ber,...................................................................... 25 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 2,085 74 Date of examination by commissioner : May 13. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] SAYINGS BANK COM M ISSIONERS. 189 NEWBURYPOBT CO-OPERATIVE BANK —NEWBURY PORT. Incorporated March 15, 1888. Commenced business April 9, 1888. G eorge E . S t ic k n e y , Secretary and Treasurer. W . H e r b e r t N oyes , President. Names of security committee : L eo n a r d N. K e n t , W . H e r b e r t N o y es , L. F. B ar t on . Regular meetings the second Monday of each month. B a la n c e S h e e t O c t . 31, 1901. A ssets. L ia b il it ie s . $172,200 00 Loans on real estate, 1,050 00 Loans on shares, . 200 00 Permanent expense account, Temporary expense account, 247 92 1,283 00 Unpaid interest, 64 55 Unpaid premiums, 152 68 Unpaid fi nes, . . . . Cash in hands of treasurer, . 5,023 86 Dues capital, . . . . Profits capital (all series), . Interest,................................... Premiums, . . . . F i n e s , ................................... Transfer fees, Withdrawal profits, Guaranty fund, Surplus, . . . . $148,204 26,857 1,182 62 101 00 59 50 80 56 75 55 11 1,550 00 2,207 70 $180,222 01 $180,222 01 Detailed Statement of Receipts and Disbursements fo r the Year ending Oct. 3 1 ,1 9 0 1 . D is b u b s e m e n t s . R e c e ip t s . From dues capital,. interest, premiums, . fines, . . . . transfer fees, real estate loans repaid, share loans repaid, withdrawal profits, real estate, . Cash on hand Oct. 31,1900, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $41,368 9,977 552 333 2 24,975 1,175 270 1,810 9,402 00 67 70 10 75 00 00 89 68 56 $89,868 35 For real estate loans, share loans, dues capital withdrawn, dues capital retired, profits capital withdrawn, profits capital retired, temporary expenses, real estate, surplus, . . . . Cash on hand Oct. 31, 1901, . $29,200 650 13,601 25,654 2,713 9,858 1,389 1,600 177 5,023 00 00 00 00 16 43 95 00 95 86 $89,868 35 190 [Pub. Doc. REPO R T O F T H E Total Amount of Loans at Specified Bates o f Interest. L oans on Sh a res. L oans on R ea l E sta te. Amount. Rate. $168,450 00 1,400 00 6.30 per cent. 6.90 “ Rate. Amount. Rate. 7.50 per cent. 7.80 “ $1,050 00 6.30 per cent. Amount. $950 00 1,400 00 Oct., 1890, . April, 1891,. Oct., 1891, . April, 1892,. Oct., 1892, . April, 1893, . Oct., 1893,. April, 1894,. Oct., 1894, . April, 1895,. Oct., 1895,. April, 1896,. Oct., 1896, . April, 1897,. Oct., 1897,. April, 1898,. Oct., 1898,. April, 1899,. Oct., 1899, . April, 1900,. Oct., 1900,. April, 1901,. Oct., 1901,. 6 $185 63 174 40 7 8 163 47 9 152 88 10 142 59 11 132 60 12 122 89 13 113 50 14 104 35 15 95 47 86 86 16 78 50 17 18 70 38 19 62 48 20 54 83 21 47 40 22 40 19 23 33 19 24 26 37 19 76 25 13 35 26 7 09 27 28 1 00 12 24 44 78 67 65 60 82 98 124 74 127 130 102 238 167 213 214 343 557 289 225 348 Total Value. Shares in Force. Value per Share. D ate op I ssu e. Series. Reconciliation of Share Account with Dues and Profits Capital. $2,227 56 Dues capital, as per gen$148,204 00 eral ledger, . 4,185 60 7,192 68 Profits capital, as per 26,857 59 general ledger, . 11,924 64 1,787 00 9,553 53 Unpaid dues, . 8,619 00 7,373 40 9,307 00 10,226 30 11,838 28 6,427 64 9,969 50 9,149 40 6,372 96 13,049 54 7,915 80 8,560 47 7,102 66 9,044 91 11,006 32 3,858 15 1,595 25 348 00 T o t a l , ................................... $176,848 59 Total, $176,848 59 Number of shares issued during the y e a r , ............................................... 658 Number of shares now in f o r c e , ..............................................................3,681 Number of shares now borrowed u p on ,........................................................969 Largest number of shares held by any one member, . . . . 25 Number of shares withdrawn during the y e a r , .......................................329 Number of shares retired during the y e a r , ............................................... 193 Highest rate of premium or interest received on money sold during the year: 5 cents premium. Lowest rate of premium or interest received on money sold during the year: 5 cents premium. Rate of profits distributed: first term, 2£ per cent.; second term, 2 | per cent. Number of members withdrawn during the y e a r ,................................... 66 Present number of m em b ers,......................................................................... 540 Present number of borrowers,......................................................................... 133 Present number of non-borrowers,................................................................ 407 N umber of loans secured by first mortgage of real estate, . . . 144 Number of loans on s h a r e s , ............................................................................. 8 Largest loan to any one m e m b e r ,......................................................................$5,000 00 Smallest loan to any one member,...................................................................... 50 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 1,389 95 Date of examination by commissioner: April 1. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] SAYINGS BANK COM M ISSIONERS 191 NEWTON CO-OPERATIVE BANK —NEWTON VILLE. Incorporated June 14, 1888. Commenced business Sept. 4, 1888. J. C h e e v e r F u l l e r , Secretary and Treasurer. E d w in W . G a t , President. Names of security committee : J. W. F r e n c h , T. B. F it z p a t r ic k , W . M. F l a n d e r s , F . J. H a l e , G. F . S im pso n . Regular meetings the first Tuesday of each month. B a la n c e S pieet O ct . 31, 1901. A ssets. L ia b il it ie s . Loans on real estate, $508,900 00 Loans on shares, . 14,630 00 Temporary expense account, 521 97 Real estate by foreclosure, . 5,158 29 Mortgages, . . . . 4,800 00 Cash in hands of treasurer, . 548 40 $456,141 00 Dues capi tal, . . . . 65,570 48 Profits capital (all series), . Interest, . . . . 3,824 78 75 65 Premiums, . . . . F i n e s , ................................... 112 29 Withdrawal profits, 483 41 Guaranty fund, . 5,200 00 Surplus, . . . . 3,151 05 $534,558 66 $534,558 66 Detailed Statement of Receipts and Disbursements for the Year ending Oct. 3 1 , 1 901. R e c e ip t s . D is b u r s e m e n t s . $144,909 00 From dues capital,. 26,995 84 interest, 558 68 premiums, . 582 45 fines, . . . . real estate loans repaid, 171,764 00 real estate loans elimi 2,600 00 nated by foreclosure, 20,155 00 share loans repaid, withdrawal profits, 1,297 34 70 00 security committee, real estate by foreclos 2,500 00 ure, . . . . 4,014 68 Cash on hand Oct. 31, 1900, . For real estate loans, . $184,850 00 share loans, . 23,535 00 dues capital withdrawn, 86,695 00 dues capital retired, 45,967 00 profits capital withdrawn, 13,109 59 13,152 34 profits capital retired, . temporary expenses, 3,640 67 interest on retired shares, 869 77 3,009 22 real estate by foreclosure, 70 00 security committee, Cash on hand Oct. 31,1901, . 548 40 $375,446 99 $375,446 99 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 192 [Pub. Doc. R EPO R T O F TH E Total Amount of Loans at Specified Rates of Interest. Loans on Shares. L oans on R eal E sta te. Amount. $14,000 55,700 142,400 163,500 00 00 00 00 Rate. Rate. Amount. Rate. 6.30 per cent. 6.60 “ 6.90 “ 7.50 “ $14,630 00 6.00 per cent. Amount. 5.00 per cent. $109,000 00 5.50 “ 17,200 00 5.70 “ 5,100 00 6.00 “ 2,000 00 Sept., 1890,. Mar., 1891,. Sept., 1891,. Mar., 1892,. Sept., 1892,. Mar., 1893, . Sept., 1893,. Mar., 1894, . Sept., 1894,. Mar., 1895,. Sept., 1895,. Mar., 1896,. Sept., 1896,. Mar., 1897,. SeDt., 1897,. Mar., 1898, . Sept., 1898, . Mar., 1899, . Sept., 1899,. Mar., 1900, . Sept., 1900,. Mar., 1901, . Sept., 1901,. 79 5 $184 25 6 173 17 65 162 40 40 7 8 70 151 96 141 82 9 80 10 131 98 91 11 122 43 133 12 113 16 179 13 104 15 231 14 95 42 353 86 93 268 15 78 68 675 16 70 68 440 17 62 91 18 677 19 714 55 37 20 48 06 845 21 40 94 791 22 34 01 830 780 23 27 27 24 20 72 1,199 25 14 33 1,065 26 8 09 1,460 2 00 1,215 27 $14,555 11,256 6,496 10,637 11,345 12,010 16,283 20,255 24,058 33,683 23,297 53,109 31,099 42,590 39,534 40,610 32,383 28,228 21,270 24,843 15,261 11,811 2,430 75 05 00 20 60 18 19 64 65 26 24 00 20 07 18 70 54 30 60 28 45 40 00 Dues capital, as per general ledger, . Profits capital, as per general ledger, . Unpaid dues, . • • $528,130 48 Total, Number of shares issued during the y e a r , ............................................ 3,171 Number of shares now in f o r c e , ............................................................12,280 Number of shares now borrowed u p o n ,.....................................................2,978 Largest number of shares held by any one member, . . . . 25 Number of shares withdrawn during the year, . . . . 2,724 Number of shares retired during the y e a r , ............................................... 512 Highest rate of premium or interest received on money sold during the year: 6 per cent. Lowest rate of premium or interest received on money sold during the year: 5 per cent. Rate of profits distributed: first term, 2i per cent.; second term, 2^ per cent. Number of members withdrawn during the y e a r ,................................... 243 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $456,141 00 65,570 48 6,419 00 1,080 00 Dues paid in advance, . Total, Total Value. Shares in Force. Value per Share. Date of I ssu e. Series. Reconciliation of Share Account with Dues and Profits Capital. $528,130 48 No. 8.] SAYINGS BANK COM M ISSIONERS. 193 Present number of m em b ers,.............................................................1,238 Present number of borrowers,............................................................. . 297 Present number of non-borrowers,............................................................ 941 Number of loans secured by first mortgage of real estate, . . . 254 Number of loans on shares, . ............................................................. 51 Largest loan to any one m e m b e r ,...................................................................... $5,000 00 Smallest loan to any one m em ber,...................................................................... 25 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901", . 3,640 67 Date of examination by commissioner : January 28. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 194 R EPO R T O F T H E [Pub. Doc WORTH ABINGTON CO-OPERATIVE BANK —NORTH ABÏNGTON. Incorporated March 23, 1888. Commenced business April 4, 1888. W il l ia m C. B r e t t , President. E r n e st W. C a l k in s , Secretary, E d w a r d P. B oynton , Treasurer. Names of security committee: J o seph L. G r ee n w o o d , E r n e st W. Ca l k in s , E l ip h a l e t R. B a t e s . Regular meetings the first Wednesday of each month. B a l a n c e S h e e t O ct . 31, 1901. A ssets. Loans on real estate, Loans on shares, . Temporary expense account, Unpaid interest, Unpaid premiums, Unpaid fines, . . . . Tax account, . . . . Cash in hands of secretary, . Cash in hands of treasurer, . L ia b il it ie s . $87,075 2,600 3 286 14 33 70 47 3,798 00 00 00 50 90 40 15 42 89 Dues capital, . . . . Profits capital (all series), . Interest, . . . . Premiums, . . ' . F i n e s , ................................... Transfer fees, Withdrawal profits, Guaranty fund, Surplus, . . . . Forfeited share account, $75,543 15,069 443 22 8 23 457 2,357 4 00 70 47 30 55 50 31 00 09 34 $93,929 26 $93,929 26 Detailed Statement of Receipts and Disbursements for the Year ending Oct. 3 1 ,1 9 0 1 . R e c e ip t s . D is b u r s e m e n t s . From dues capital,. $23,456 00 interest, 5,274 69 267 80 premiums, . fines, . . . . 177 54 transfer fees, 1 25 14,850 00 real estate loans repaid, real estate loans eliminated by maturity of 3,400 00 shares, 1,550 00 share loans repaid, 198 15 withdrawal profits, temporary expense ac6 50 count, Cash on hand Oct. 31, 1900, . 5,103 83 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $54,285 76 For real estate loans, . share loans, . dues capital withdrawn, dues capital retired, dues capital matured, . profits capital withdrawn, profits capital retired, profits capital matured, . temporary expenses, tax account, . Cash on hand Oct. 31, 1901, . $26,975 1,350 6,850 660 9,020 795 271 3,966 480 70 3,846 00 00 00 00 00 73 45 72 40 15 31 $54,285 76 No. 8.] SAVINGS BANK COMMISSIONERS 195 Total Amount of Loans at Specified Rates of Interest. L oans on R ea l E sta te. L oans on Sh a res. Amount. Rate. Amount. Rate. Amount. Rate. $87,075 00 6.30 per cent. - - $2,600 00 6.30 per cent. Dues paid in advance, . Total, • • Total Value. 5 $198 98 6 187 29 175 94 7 164 92 8 9 154 22 10 143 83 11 133 75 12 123 96 114 46 13 14 105 23 15 96 27 16 87 57 79 13 17 18 70 93 19 62 97 20 55 24 21 47 74 22 40 46 23 33 39 24 26 52 19 85 25 26 13 38 7 10 27 1 00 28 Shares in Force. April. 1890,. Oct., 1890, . April, 1891, . Oct., 1891,. April, 1892,. Oct., 1892, . April, 1893,. Oct., 1893, . April, 1894,. Oct., 1894,. April, 1895,. Oct., 1895,. April, 1896, . Oct., 1896, . April, 1897,. Oct., 1897,. April, 1898,. Oct., 1898, . April, 1899,. Oct., 1899,. April, 1900, . Oct., 1900,. April, 1901, . Oct., 1901,. Series. D ate of Issu e. Value per Share. Reconciliation of Share Account with Dues and Profits Capital. 14 25 45 5 21 55 30 3 51 16 28 35 93 20 112 75 102 31 155 114 259 321 306 236 $2,785 4,682 7,917 824 3,238 7,910 4,012 371 5,837 1,683 2,695 3,064 7,359 1,418 7,052 4,143 4,869 1,254 5,175 3,023 5,141 4,294 2,172 236 72 25 30 60 62 65 50 88 46 68 56 95 09 60 64 00 48 26 45 28 15 98 60 00 Dues capital, as per general ledger, . Profits capital, as per general ledger, . Unpaid dues, . $75,543 00 15,069 70 566 00 13 00 $91,178 70 Total, $91,178 70 Number of shares issued during the y e a r , ............................................702 Number of shares now in force, . . . . . . 2,152 Number of shares now borrowed u p o n ,.................................................... 494 Largest number of shares held by any one member, . . . . 25 Number of shares withdrawn during the y e a r , ................................... 295 Number of shares retired during the y e a r , ............................................5 Number of shares matured during the y e a r ,............................................64 Highest rate of premium or interest received on money sold during the year: 5 cents premium. Lowest rate of premium or interest received on money sold during the year: 5 cents premium. Rate of profits distributed: first term, 3 per cent.; second term, 3 per cent. Number of members withdrawn during the y e a r ,................................... 51 Present number of m em b ers,..................................................................... 376 Present number of borrowers,...........................................................................96 Present number of non-borrowers,................................................................ 280 Number of loans secured by first mortgage of real estate, . . . 97 Number of loans on s h a r e s , ........................................................................... 12 Largest loan to any one m e m b e r ,......................................................................$3,000 00 Smallest loan to any one member......................................................................... 50 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 473 90 Date of examination by commissioner : May 6. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 196 [Pub. Doc REPORT OF THE N O R T H A M P T O N C O -O P E R A T IV E B A N K — N O R T H AM PTO N. Incorporated May 21, 1889. Commenced business May 24, 1889. 8. R. C o o l e y , President. H. R. G r a v e s , Secretary and Treasurer. L.-L. Names of security committee : S. R. C o o l e y , Ca m p b e l l , J a m e s W . O ’B r i e n . Regular meetings the first Monday of each month. B a l a n c e S h e e t O ct . 31, 1901. A ssets. L ia b il it ie s . $282,100 00 Loans on real estate, 9,400 00 Loans on shares, . Permanent expense account,. 329 87 12,690 46 Real estate by foreclosure, . Mortgages, . . . . 1,300 00 Unpaid dues, . . . . 2,494 00 Unpaid interest, 1,808 61 70 15 Unpaid premiums, Unpaid fines............................. 373 48 Cash in hands of treasurer, . 3,918 88 $260,320 00 Dues capital, . . . . 50,686 63 Profits capital (all series), . 892 52 Guaranty fund, Surplus,................................... 2,503 10 83 20 Forfeited share account, $314,485 45 $314,485 45 Detailed Statement of Receipts and Disbursements for the Year endinq Oct. 31, 1 901. R e c e ip t s . D is b u r s e m e n t s . $79,599 00 From dues capital,. interest, 16,197 52 512 61 premiums, . 518 11 fines, . . . . transfer fees, 4 25 real estate loans repaid, 59,800 00 real estate loans elimi7,000 00 nated by foreclosure, share loans repaid, 5,840 00 withdrawal profits, 270 47 forfeiture profits, . 8 82 forfeited shares, . 216 12 real estate by foreclos ure, . . . . 5,265 08 Cash on hand Oct. 31, 1900, . 758 77 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $175,990 75 For real estate loans, . share loans, . dues capital withdrawn, dues capital forfeited, dues capital retired, dues capital matured, profits capital withdrawn, profits capital forfeited, . profits capital retired, profits capital matured, . temporary expenses, forfeited shares, interest on retired shares, interest on m a tu r e d shares, real estate by foreclosure, mortgages, surplus.............................. Cash on hand Oct. 31, 1901, . $84,100 10,240 32,043 705 14,705 6,248 4,541 34 5,639 2,592 1,093 216 299 00 00 00 00 00 00 19 60 39 92 74 12 41 160 7,856 1,300 296 3,918 60 83 00 07 88 $175,990 75 No. 8.] 197 SAYINGS BANK COMMISSIONERS Total Amount of Loans at Specified Bates of Interest. L oans on R eal E sta te. Amount. $117,600 104,700 39,950 • 12,200 2,050 Rate. 00 00 00 00 00 L oans on Sh a k es. Amount. $1,200 1,500 2,100 800 6.00 per cent. 6.30 “ 6.60 “ 6.90 “ 7.20 00 00 00 00 Rate. Amount. Rate. 7.50 per cent. 7.80 “ 8.10 “ 8.40 » $9,400 00 6.00 per cent. Total Value. . . . . . . . . . . . . . . . . . . . . . . . $10,949 13,613 15,370 16,651 14,966 15,798 16,133 7,103 6,667 14,947 16,222 14,910 12,751 10,854 11,836 16,140 11,630 19,472 15,589 14,071 20,647 9,674 4,707 Value per Share. 3 $195 53 56 4 74 183 97 172 70 89 5 102 6 163 25 152 72 98 7 142 33 111 8 132 24 122 9 10 122 48 58 59 11 113 01 144 12 103 80 13 94 87 171 14 173 86 19 164 15 77 75 16 69 58 156 192 61 65 17 18 299 53 98 46 52 250 19 496 20 39 26 21 32 21 484 22 554 25 40 23 18 77 1,100 24 12 34 784 25 6 09 773 Series. Late of Issue. June, 1890, Dec., 1890, June, 1891, Nov., 1891, May, 1892, Nov., 1892, May, 1893, Nov., 1893, May, 1894, Nov., 1894, May, 1895, Nov., 1895, May, 1896, Nov., 1896, May, 1897, Nov., 1897, May, 1898, Nov., 1898, May, 1899, Nov., 1899, May, 1900, Nov., 1900, May, 1901, Shares in Force. Reconciliation of Share Account with Dues and Profits Capital. Dues capital, as per gen$260,320 00 eral ledger, . Profits capital, as per general ledger, . 50,686 63 295 00 Dues paid in advance, . Total, 68 78 30 50 56 63 28 84 59 20 77 87 00 48 80 02 00 96 64 60 00 56 57 • • $311,006 63 Total, Number of shares issued during the y e a r , ................................... 1,650 Number of shares now in force.............................................................6,509 Number of shares now borrowed upon, ............................................1,908 Largest number of shares held by any one member, . . . . 25 Number of shares withdrawn during the year, . . . . 1,031 Number of shares forfeited during the y e a r ,............................................29 Number of shares retired during the y e a r , ............................................ 153 Number of shares matured during the y e a r ,............................................ 44 Highest rate of premium or interest received on money sold during the year: 40 cents premium. Lowest rate of premium or interest received on money sold during the year: 6 per cent. Rate of profits distributed: first term, 2 | per cent.; second term, 2 | per cent. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $311,006 63 198 REPORT OF THE [Pub. Doc. Number of members withdrawn during the year, . . 125 Present number of m em b ers,.................................................... . 848 Present number of borrowers,.................................................... . 266 Present number of non-borrowers,............................................ . 582 Number of loans secured by first mortgage of real estate, . 227 Number of loans on s h a r e s , ..................................................... . 52 Largest loan to any one m e m b e r ,................................... . Smallest loan to any one m em ber,............................................ Amount of expenses of the corporation for the year ending Oct. 31, 1901, . Date of examination by commissioner: June 19. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $4,400 00 10 00 1,170 39 No. 8.] SAYINGS BANK COMMISSIONERS 199 N O R T H D IG H T O N C O -O P E R A T IV E B A N K — N O R T H D IG H T O N . Incorporated April 14, 1890. Commenced business April 21, 1890. J o s e p h P h i l b r i c k , President. N a t h a n ie l R . L in c o l n , Secretary. E d w a r d L in c o l n , Treasurer. Names of security committee: E dw ard A lm y, O t is N . W a l k e r , E . E . L in c o l n . Regular meetings the second Monday of each month. B a la n c e S h e e t O ct . 31, 1901. L ia b il it ie s . A ssets. Loans on real estate, Loans on shares, . Temporary expense account, Unpaid interest. Unpaid premiums, Pass book account, Cash in hands of treasurer, . $48,380 00 1,570 00 75 65 15 01 12 90 365 14 Dues capital, . . . . Profits capital (all series), Interest, . . . . Fines, . . 1 Transfer fees, [ ‘ ' Guaranty fund, Surplus, . . . . . $50,403 85 $41,804 6,430 1,308 57 414 388 00 13 77 36 93 66 $50,403 85 Detailed Statement of Receipts and Disbursements for the Year endinq Oct. 3 1 ,1 9 0 1 . D is b u r s e m e n t s . R e c e ip t s . From dues capital,. interest, premiums, . fines, . .1 transfer fees, J ' real estate loans repaid, share loans repaid, pass book account, Cash on hand Oct. 31, 1900, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $12,985 2,662 69 103 20,600 1,605 4 461 00 10 42 91 00 00 30 14 $38,490 87 For real estate loans, . share loans, . dues capital withdrawn, dues capital retired, profits capital withdrawn, profits capital retired, . temporary expenses, interest on retired shares, Cash on hand Oct. 31, 1901, $22,500 2,305 10,196 680 2,025 265 137 15 365 00 00 00 00 88 65 55 65 14 $38,490 87 REPORT OF THE 200 [Pub. Doc Total Amount of Loans at Specified Rates of Interest. L oans on R eal E state. L oans on Sh a res. Amount. Rate. Amount. Rate. Amount. Rate. $48,380 00 5.30 per cent. - - $1,570 00 5.30 per cent. Total Value. 1 $192 13 April, 1890,. 170 25 April, 1891,. 2 149 38 3 April, 1892,. 129 63 April, 1893,. 4 111 00 5 April, 1894,. 93 42 6 April, 1895,. 76 84 April, 1896, . 7 61 20 April, 1897,. 8 46 44 April, 1898, . 9 32 52 April, 1899,. 10 19 39 11 April, 1900,. 7 00 April, 1901,. 12 Shares in Force. Value per Share. D ate op I ssu e. Series. Reconciliation of Share Account with Dues and Profits Capital. 9 30 26 19 18 67 67 89 118 140 253 212 $1,729 5,107 3,883 2,462 1,998 6,259 5,148 5,446 5,479 4,552 4,905 1,484 T o t a l , ................................... 17 50 88 97 00 14 28 80 92 80 67 00 $48,458 13 Dues capital, as per general ledger, . Profits capital, as per general ledger, . Unpaid dues, . Total, Number of shares issued during the y e a r , ............................................... 248 Number of shares now in force...........................................................1,048 Number of shares now borrowed u p o n ,........................................................ 329 Largest number of shares held by any one member, . . . .2 5 Number of shares withdrawn during the year, . . . . .249 Number of shares retired during the y e a r , ...................................................5 Highest rate of premium or interest received on money sold during the year: 5 cents premium. Lowest rate of premium or interest received on money sold during the year: 5 3-10 per cent. Rate of profits distributed: one term, 6 per cent. Number of members withdrawn during the y e a r ,................................... 18 Present number of m em b ers,..........................................................................168 Present number of borrowers,........................................................................... 58 Present number of non-borrowers,.................................................................110 Number of loans secured by first mortgage of real estate, . . . 52 Number of loans on s h a r e s , ............................................................................. 9 Largest loan to any one m e m b e r ,................................... ........ . . . Smallest loan to any one m em ber,...................................................................... Amount of expenses of the corporation for the year ending Oct. 31, 1901, . Date of examination by commissioner : September 12. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $41,804 00 6,430 13 224 00 $48,458 13 $2,000 00 30 00 137 55 No. 8.] 201 SAYINGS BANK COMMISSIONERS N O R T H E A S T O N C O -O P E R A T IV E B A N K — N O R T H EASTON. Incorporated April 23, 1889. Commenced business April 23, 1889. W i l l ia m H . C l e m e n t s , Secretary and Treasurer. L . B . C r o c k e t t , President. Names of security committee: E d w a r d R. H a y w a r d , S. K . K e l l e y , G e o r g e H . D e W it t . Regular meetings the third Monday of each month. B a lan c e S h e e t O ct . 31, 1901. L ia b il it ie s . A ssets. $104,275 00 Loans on real estate, 742 00 Loans on shares, . 3 00 Temporary expense account, 1,825 32 Real estate by foreclosure, . 1,996 00 Unpaid interest, 100 39 Unpaid premiums,. 129 10 Unpaid tines, . . . . 5,416 97 Cash in hands of treasurer, . Dues capital, Profits capital (all series), . Interest, . . . . Premiums, . . . . F i n e s , ................................... Transfer fees, Withdrawal profits, Guaranty fund, . Surplus, . . . . Forfeited share account, Retired share account, $90,163 19,882 444 27 11 20 1,544 1,922 15 455 00 46 87 72 44 25 01 48 45 34 76 $114,487 78 $114,487 78 Detailed Statement of Receipts and Disbursements fo r the Year ending Oct. 3 1 ,1 9 0 1 . D is b u r s e m e n t s . R e c e ip t s . From dues capital,. interest, premiums, . fines, . . . . transfer fees, real estate loans repaid, real estate loans eliminated by foreclosure, real estate loans eliminated by maturity of shares, share loans repaid, withdrawal profits, forfeiture profits, . real estate by foreclosure, . . . . retired share account, . Cash on hand Oct. 31, 1900, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $22,530 5,894 345 271 00 95 83 19 75 17,300 00 2,500 00 2,000 00 1,100 00 73 33 45 For real estate loans, . share loans, . dues capital withdrawn, dues capital forfeited, dues capital retired. dues capital matured, profits capital withdrawn, profits capital forfeited, . profits capital retired, profits capital matured, . temporary expenses, real.estate by foreclosure, retired share account, . interest on retired shares, Cash on hand Oct. 31, 1901, . $21,550 817 8,599 654 10,530 1,794 1,909 177 3,292 866 366 1,830 13,708 342 5,416 00 00 00 00 00 00 85 18 07 53 00 32 62 61 97 5 00 14,164 38 5,668 27 $71,854 15 $71,854 15 * [Pub. Doc. REPORT OF THE 202 Total Amount of Loans at Specified Rates of Interest. L oans on R ea l E sta te. L oans on Sh a res. Amount. Rate. Amount. Rate. Amount. $12,050 00 82,025 00 4,700 00 6.00 per cent. 6.30 “ 6.60 “ $3,600 00 1,000 00 900 00 6.90 per cent. 7.50 8.10 “ $742 00 Rate. 6.30 per cent. April, 1891,. Oct., 1891, . April, 1892,. Oct., 1892,. April, 1893,. Oct., 1893,. April, 1894,. Oct., 1894,. April, 1895,. Oct., 1895,. April, 1896, . Oct., 1896, . April, 1897, . Oct., 1897, . April, 1898, . Oct., 1898,. April, 1899, . Oct., 1899,. April, 1900, . Oct., 1900,. April, 1901, . Oct., 1901,. 5 $180 56 168 85 6 157 48 7 146 58 8 9 135 98 10 125 75 11 115 88 12 106 31 13 97 07 14 88 18 15 79 53 16 71 22 63 15 17 18 55 36 19 47 80 40 49 20 21 33 40 22 26 52 23 19 85 24 13 38 25 7 10 1 00 26 24 29 35 59 65 47 65 94 45 52 80 107 74 71 77 81 204 152 240 109 186 160 • • $4,333 4,896 5,511 8,648 8,838 5,910 7,532 9,993 4,368 4,585 6,362 7,620 4,673 3,930 3,680 3,279 6,813 4,031 4,764 1,458 1,320 160 44 65 80 22 70 25 20 14 15 36 40 54 10 56 60 69 60 04 00 42 60 00 Dues capital, as per general ledger, . Profits capital, as per general ledger, . Unpaid dues, . • • $112,770 46 Total, Number of shares issued during the y e a r , ............................................384 Number of shares now in f o r c e , .....................................................2,056 Number of shares now borrowed u p o n ,.....................................................543 Largest number of shares held by any one member, . . . . 25 Number of shares withdrawn during the y e a r , ................................... 208 Number of shares forfeited during the y e a r ,............................................ 13 Number of shares retired during the y e a r , ............................................ 102 Number of shares matured during the y e a r ,............................................ 13 Highest rate of premium or interest received on money sold during the year: 5 cents premium. Lowest rate of premium or interest received on money sold during the year: 6 per cent. Rate of profits distributed: first term, 3 per cent.; second term, 3 per cent. Number of members withdrawn during the year.......................................31 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $90,163 00 19,882 46 2,725 00 58 00 Dues paid in advance, . Total, Total Value. Shares in Force. Series. D Ia s t s b u e o . f Value per Share. Reconciliation of Share Account with Dues and Profits Capital. $112,770 46 No. 8.] SAYINGS BANK COMMISSIONERS. Present number of m em b ers,............................................................. . 301 Present number of borrowers,............................................................. . 113 Present number of non-borrowers,..................................................... . 188 Number of loans secured by first mortgage of real estate, . 121 Number of loans on shares................................................................... 6 Largest loan to any one m e m b e r ,..................................................... . . Smallest loan to any one m em ber,.................................................... . , Amount of expenses of the corporation for the year ending Oct. 31, 1901, . Date of examination by commissioner: May 9. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 203 $2,800 00 25 00 389 00 [Pub. Doc, REPORT OF THE 204 N O R W O O D C O -O P E R A T IV E B A N K — N O R W O O D . Incorporated Sept. 20, 1889. Commenced business Oct. 1, 1889. I r v in g S. F o g g , Secretary and Treasurer. F r a n c is O . W in s l o w , President. Names of security committee: T yler T hayer, E dm und J . S hattuck, F r a n k A. F a l e s . Regular meetings the first Tuesday of each month. 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. $158,530 00 Loans on real estate, 3,956 00 Loans on shares, . 4 85 Unpaid premiums,. Unpaid fines, . . . . 37 02 10,800 00 Town notes, . . . . 3,140 09 Cash in hands of treasurer, . Dues capital, . . . . $144,214 00 Profits capital (all series), . 27,485 69 Interest,................................... 160 72 Withdrawal profits, 119 12 Guaranty fund, 684 00 Surplus, . . . . 3,804 43 $176,467 96 $176,467 96 Detailed Statement of Receipts and Disbursements for the Year endinq Oct. 3 1 , 1 9 0 1 . D is b u r s e m e n t s . R e c e ip t s . ► From dues capital,. interest, premiums, . fines, . . . . transfer fees, real estate loans repaid, share loans repaid, withdrawal profits, mortgage, Cash on hand Oct. 31, 1900, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $40,867 9,669 217 252 16,575 2,999 543 2,723 12,563 00 98 05 47 50 00 00 93 56 01 $86,411 50 For real estate loans, share loans, . dues capital withdrawn, dues capital retired, profits capital withdrawn, profits capital retired, temporary expenses, permanent expenses, interest on retired shares, town notes, Cash on hand Oct. 31, 1901, . $22,330 3,475 17,634 20,589 2,185 5,510 497 34 215 10,800 3,140 00 00 00 00 74 85 00 00 82 00 09 $86,411 50 No. 8.] SAYINGS BANK COMMISSIONERS. 205 Total Amount of Loans at Specified Bates of Interest. L oans on Sh a res. L oans on R eal E state. Amount. $158,530 00 Kate. Amount. Rate. Amount. _ - $3,956 00 6 per cent. Rate. 6 per cent. 2 $198 98 3 187 29 4 175 94 164 92 5 154 22 6 143 83 7 133 75 8 123 96 9 114 46 10 105 23 11 12 96 27 13 87 57 14 79 13 70 93 15 16 62 97 55 24 17 18 47 74 19 40 46 20 33 39 26 52 21 19 85 22 23 13 38 24 7 10 1 00 25 April, 1890,. Oct., 1890,. April, 1891,. Oct., 1891,. April, 1892,. Oct., 1892, . April, 1893,. Oct., 1893,. April, 1894,. Oct., 1894,. April, 1895,. Oct., 1895,. April, 1896,. Oct., 1896, . April, 1897,. Oct., 1897, . April, 1898,. Oct., 1898, . April, 1899,. Oct., 1899,. April, 1900,. Oct., 1900,. April, 1901,. Oct., 1901,. 18 14 33 41 39 66 78 56 74 72 53 68 157 107 217 210 282 134 252 374 357 279 76 346 • • $3,581 2,622 5,806 6,761 6,014 9,492 10,432 6,941 8,470 7,576 5,102 5,954 12,423 7,589 13,664 11,600 13,462 5,421 8,414 9,918 7,086 3,733 539 346 64 06 02 72 58 78 50 76 04 56 31 76 41 51 49 40 68 64 28 48 45 02 60 00 Dues capital, as per gen$144,214 00 eral ledger, . Profits capital, as per 27,485 69 general ledger, 1,279 00 Unpaid dues, . 22 00 Dues paid in advance, . Total, Total Value. D ate of I ssu e. Shares in Force. Series. Value per Share. Reconciliation of Share Account with Dues and Profits Capital. • • $172,978 69 Total, Number of shares issued during the y e a r , ............................................467 Number of shares now in f o r c e , .....................................................3,403 Number of shares now borrowed u p o n ,.................................................... 944 Largest number of shares held by any one member, . . . . 25 Number of shares withdrawn during the y e a r , ................................... 666 Number of shares retired during the y e a r , ............................................230 Highest rate of premium or interest received on money sold during the year : 6 3-10 per cent. Lowest rate of premium or interest received on money sold during the year : 6 per cent. Rate of profits distributed : first term, 3 per cent. ; second term, 3 per cent. 108 Number of members withdrawn during the year, . 536 Present number of m em b ers,............................................ 148 Present number of borrowers,............................................ 388 Present number of non-borrowers,................................... 156 Number of loans secured by first mortgage of real estate, 30 Number of loans on s h a r e s , ............................................ Largest loan to any one m e m b e r ,................................... Smallest loan to any one m ember,................................... Amount of expenses of the corporation for the year endir 9 • Date of examination by commissioner: September 16. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $172,978 69 $5,000 00 20 00 531 00 REPORT OF THE 206 [Pub. Doc O R A N G E C O -O P E R A T IV E B A N K — O R A N G E . Incorporated Jan. 8, 1889. Commenced business Jan. 23, 1889. E l is h a S. H a l l , Secretary and Treasurer. F r a n k S. E w in g , President. Names of security committee: J o h n L . W il l ia m s , Z enas W . L a m b, A d e l b e r t W . B allou. Regular meetings the fourth Wednesday of each month. B alan ce S h e e t O ct . 31, 1901. A ssets. Loans on real estate, Loans on shares, . Permanent expense account, Temporary expense account, Real estate by foreclosure, . Cash in hands of treasurer, . L ia b il it ie s . $98,545 5,045 150 14 1,448 7,114 00 00 00 29 29 40 Dues capital, Profits capital (all series), . Interest, . . . . Premiums, . . . . F i n e s , ................................... Transfer fees, Withdrawal profits, Guaranty fund, . Surplus, . . . . Forfeited share account, $112,316 98 $91,284 00 17,147 07 1,870 00 35 45 11 50 44 51 477 00 1,442 44 6 00 $112,316 98 Detailed Statement of Receipts and Disbursements fo r the Year ending Oct. 3 1 ,1 9 0 1 . R e c e ip t s . From dues capital,. interest, premiums, . fines, . . . . transfer fees, real estate loans repaid, real estate loans eliminated by maturity of shares, share loans repaid, withdrawal profits, real estate by foreclosure, . . . . Cash on hand Oct. 31, 1900, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis D is b u r s e m e n t s . $23,753 5,770 3 162 1 12,500 00 64 00 82 25 00 2,600 00 800 00 189 69 1,228 50 4,955 70 $51,964 60 For real estate loans, . share loans, . dues capital withdrawn, dues capital retired, dues capital matured, . profits capital withdrawn, profits capital retired, profits capital matured, . temporary expenses, interest on retired shares, interest on matured shares, . . . . real estate by foreclosure, Cash on hand Oct. 31, 1901, . $18,425 1,960 15,497 2,674 1,825 2,447 936 743 252 17 00 00 00 00 00 52 84 89 84 94 45 79 24 38 7,114 40 $51,964 60 No. 8.] SAYINGS BANK COMMISSIONERS 207 Total Amount of Loans at Specified Rates of Interest. L oans on R ea l E sta te. Amount. Rate. $4,000 00 93,915 00 5.00 per cent. 6.00 L oans on Sh a k es. Amount. $630 00 Rate. Amount. Rate. 6.30 per cent. $5,045 00 6.00 per cent. . . . . . . . . . . . . . . . . . . . . . . . 4 $187 48 176 32 5 6 165 47 154 95 7 144 73 8 9 134 81 10 125 19 11 115 85 12 106 77 13 97 95 89 40 14 81 09 15 16 73 01 65 18 17 18 57 58 50 19 19 20 43 04 21 36 09 22 29 31 22 73 23 24 16 32 10 08 25 26 4 00 Dues paid in advance, . Total, • • . Total Value. 1890, 1891, 1891, 1892, 1892, 1893, 1893, 1894, 1894, 1895, 1895, 1896, 1896, 1897, 1897, 1898, 1898, 1899, 1899, 1900, 1900, 1901, 1901, Shares in Force. Series. D ate of Issu e. July, Jan., July, Jan., July, Jan., July, Jan., July, Jan., July, Jan., Julv, Jan., July, Jan., July, Jan., July, Jan., July, Jan., July, Value per Share. Reconciliation of Share Account with Dues and Profits Capital. 16 35 55 43 32 58 64 35 51 43 28 103 40 91 72 112 52 76 97 256 121 278 164 $2,999 6,171 9,100 6,662 4,631 7,818 8,012 4,054 5,445 4,211 2,503 8,352 2,920 5,931 4,145 5,621 2,238 2,742 2,843 5,818 1,974 2,802 656 68 20 85 85 36 98 16 75 27 85 20 27 40 38 76 28 08 84 07 88 72 24 00 Dues capital, as per general ledger, . Profits capital, as per general ledger, . Unpaid dues, . 17,147 07 108 00 880 00 $108,539 07 Total, Number of shares issued during the y e a r , ........................................... 504 Number of shares now in force............................................................ 1,922 Number of shares now borrowed u p o n ,.....................................................688 Largest number of shares held by any one member, . . . . 25 Number of shares withdrawn during the year...........................................405 Number of shares retired during the y e a r , ............................................ 22 Number of shares matured during the y e a r ,............................................ 13 Highest rate of premium or interest received on money sold during the year: 6 per cent. Lowest rate of premium or interest received on money sold during the year: 5 per cent. Rate of profits distributed: first term, 2^ per cent.; second term, 2<| per cent. Number of members withdrawn during the y e a r ,................................... 47 Present number of members.......................................................................... 288 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $91,284 00 $108,539 07 208 REPORT OF THE [Pub. Doc. Present number of borrowers,......................................................................... 127 Present number of non-borrowers,.................................................................161 Number of loans secured by first mortgage of real estate, . . . 147 Number of loans on s h a r e s , ...........................................................................29 Largest loan to any one m e m b e r ,...................................................................... $4,000 00 Smallest loan to any one m em ber,...................................................................... 15 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 292 06 Date of examination by commissioner : January 17. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] 209 SAYINGS BANK COMMISSIONERS. PEABODY CO-OPERATIVE BATÌK — PEABODY. Incorporated May 28, 1888. Commenced business June 16, 1888. H a r r y F . W a l k e r , Secretary and Treasurer. P . H . O’Conor , President. Names of security committee: S. S. L it t l e f ie l d , Ca l v in P ie r c e , T homas H . J ack m an . Regular meetings the third Saturday of each month. B a l a n c e S h e e t O ct . 31, 1901. A ssets. L ia b il it ie s . Loans on real estate, $243,950 00 Loans on shares, . 2,400 00 Temporary expense account, 375 57 8,362 79 Real estate by foreclosure, . Mortgages, . . . . 5,600 00 Profit and loss account,. 4 94 2,450 01 Cash in hands of treasurer, . Dues capi tal , . . . . Profits capital (all series), . Interest, . . . . Premiums, . . . . F i n e s , ................................... Transfer fees, Withdrawal profits, Guaranty fund, Surplus,................................... $263,143 31 $212,957 40,330 4,040 116 106 00 25 42 34 58 25 59 00 1,073 02 4,460 45 $263,143 31 Detailed Statement of Receipts and Disbursements for the Year ending Oct. 31, 1901. R e c e ip t s . From dues capital,. interest, premiums, . fines, . . . . transfer fees, real estate loans repaid, real estate loans eliminated by foreclosure, share loans repaid, withdrawal profits, forfeited shares, . real estate by foreclosure, . . . . surplus, Cash on hand Oct. 31, 1900, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis D is b u r s e m e n t s . $54,964 14,956 585 433 1 53,350 00 35 15 32 25 00 9,200 1,100 130 556 00 00 40 14 4,495 76 4 00 6,970 63 $146,747 00 For real estate loans, share loans, . dues capital withdrawn, dues capital forfeited, dues capital retired, profits capital withdrawn, profits capital forfeited, . profits capital retired, temporary expenses, forfeited shares, interest on retired shares, real estate by foreclosure, surplus, . . . . Cash on hand Oct. 31, 1901, . $69,515 2,100 43,975 1,068 3,351 10,581 94 1,434 1,197 556 157 9,752 512 2,450 00 00 00 00 00 75 10 72 88 14 65 77 98 01 $146,747 00 [Pub. Doc REPORT OF THE 210 Total Amount of Loans at Specified Rates of Interest. L oans on Sh a k es. L oans on R eal E sta te. Amount. Rate. Amount. Rate. Amount. R a te . $96,550 00 135,000 00 5.50 per cent. 6.30 $12,400 00 6.60 per cent. $2,400 00 5.50 per cent. 4 $202 31 190 63 5 179 31 6 168 32 7 8 157 65 9 147 30 10 137 23 11 127 47 12 117 98 13 108 77 14 99 85 15 91 14 16 82 75 74 58 17 18 66 67 19 58 97 20 51 52 21 44 27 22 37 25 30 41 23 24 23 78 25 17 35 26 11 09 5 00 27 Dec., 1889,. June, 1890, . Dec., 1890, . June, 1891, . Dec., 1891, . June, 1892, . Dec., 1892, . June, 1893, . Dec , 1893, . June, 1894, . Dec., 1894, . June, 1895, . Dec., 1895, . June, 1896, . Dec., 1896, . June, 1897, . Dec., 1897, . June, 1898, . Dec., 1898, . June, 1899, . Dec., 1899, . June, 1900, . Dec., 1900, . June, 1901, . Dues paid in advance, . Total, • • Total Value. Shares in Force. Series. D ate op Issu e. Value per Share. Reconciliation of Share Account with Dues and Profits Capital. 56 $11,329 36 Dues capital, as per general ledger, . 70 13,344 10 64 11,475 84 Profits capital, as per 64 10,772 48 general ledger, . 30 4,729 50 Unpaid dues, . 43 6,333 90 44 6,038 12 166 21,160 02 116 13,685 68 83 9,027 91 93 9,286 05 191 17,407 74 244 20,191 00 11,261 58 151 149 9,933 83 313 18,457 61 342 17,619 84 7,083 20 160 110 4,097 60 7,632 91 251 6,658 40 280 544 9,438 40 592 6,565 28 429 2,145 00 . 40,330 25 2,568 00 180 00 $255,855 25 Total, Number of shares issued during the y e a r , ................................... 1,155 Number of shares now in f o r c e , .....................................................4,585 Number of shares now borrowed u p o n ,............................................1,308 Largest number of shares held by any one member, . . . . 25 Number of shares withdrawn during the y e a r , ................................... 843 Number of shares forfeited during the year............................................... 46 Number of shares retired during the y e a r , ............................................ 59 Highest rate of premium or interest received on money sold during the year: 5£ per cent. Lowest rate of premium or interest received on money sold during the year : 5£ per cent. Rate of profits distributed: first term, 2 | per cent.; second term, 2 | per cent. Number of members withdrawn during the y e a r ,................................... 84 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $212,957 00 $255,855 25 No. 8.] SAVINGS BANK COMMISSIONERS. . 661 Present number of m em bers,..................................................... . 218 Present number of borrowers,..................................................... . 443 Present number of non-borrowers,............................................ . 241 Number of loans secured by first mortgage of real estate, 9 Number of loans on s h a r e s , .................................................... . Largest loan to any one member, . . . . Smallest loan to any one m em ber,............................................ Amount of expenses of the corporation for the year ending Oct. 31, 1901, . Date of examination by commissioner : January 25. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 211 $4,000 00 50 00 1,197 88 REPOET OF THE 212 [Pub. Doc. PEOPLE’S CO-OPERATIVE BANK —PALL RIVER. Incorporated Fete. 18, 1882. Commenced business March 15, 1882. Ch a r l e s H . D u r f e e , Secretary and Treasurer. M il to n R e e d , President. Names of security committee: J. H. E st e s , A b n e r P. D avol , M ic h a el S w e e n e y , C h a r l e s H. D u r f e e , P atr ick K ie r a n . Regular meetings the third Wednesday of each month. B a la n c e S h e e t O c t . 31, 1901. L ia b il it ie s . A ssets. $211,550 00 Loans on real estate, Loans on shares, . 13,500 00 14,895 1 2 Real estate b y foreclosure, . Unpaid dues, . . . . 2,678 00 2,041 22 Unpaid interest, 20 30 Unpaid premiums, Unpaid fi nes, . . . . 2 0 3 95 8,790 15 Cash in hands of treasurer, . • Dues capital, Profits capital (all series), . Guaranty fund, Surplus, . . . . Forfeited share account, Advance dues, $210,642 37,476 1,626 3,841 35 56 00 91 00 97 86 00 $253,678 74 $253,678 74 Detailed Statement of Receipts and Disbursements fo r the Year ending Oct. 3 1 ,1 9 0 1 . D is b u r s e m e n t s . R e c e ip t s . From dues capital, $57,427 00 interest, 11,987 12 30 60 premiums, . 282 98 fines, . . . . 39,150 00 real estate loans repaid, 5,600 00 share loans repaid, real estate by foreclos 1,290 24 ure, . . . . 15 00 profits, . . . . 9,946 09 Cash on hand Oct. 31, 1900, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $125,729 03 For real estate loans, . share loans, . dues capital withdrawn, dues capital retired, profits capital withdrawn, profits capital retired, temporary expenses, real estate by foreclosure, interest on retired shares, Cash on hand Oct. 31, 1901, $36,350 10,000 39,878 15,366 7,768 5,473 1,150 648 304 8,790 00 00 00 00 63 16 17 32 60 15 $125,729 03 No. 8.] SAYINGS BANK COMMISSIONERS 213 Total Amount of Loans at Specified Rates of Interest. L oans on R eal E state. L oans on Sh a k es. Amount. Rate. Amount. Rate. Amount. Rate. $211,550 00 5.50 per cent. - - $11,100 00 2,400 00 5.50 per cent. 6.00 Total, . . . . . . . . . . . . . . . . . . . . . . . 18 $192 90 19 181 48 20 170 47 159 73 21 22 149 35 23 139 24 129 48 24 25 119 98 110 74 26 101 80 27 28 93 10 29 84 64 30 76 45 68 50 31 60 76 32 33 53 25 34 45 97 35 38 90 36 32 01 25 29 37 38 18 73 39 12 33 40 6 09 • 49 26 38 36 94 38 102 128 69 157 356 141 150 153 190 201 192 259 365 378 673 405 523 Total Value. Shares in Force. Series. D ate of I ssu e. May, 1890, Nov., 1890, May, 1891, Nov., 1891, May, 1892, Nov., 1892, May, 1893, Nov., 1893, May, 1894, Nov., 1894, May, 1895, Nov.. 1895, May, 1896, Nov., 1896, May, 1897, Nov., 1897, May, 1898, Nov., 1898, May, 1899, Nov., 1899, Mav, 1900, Nov., 1900, May, 1901, Value per Share. Reconciliation of Share Account with Dues and Proßts Capital. $9,452 4,718 6,477 5,750 14,038 5,291 13,206 15,357 7,641 15,982 33,143 11,934 11,467 10,480 11,544 10,703 8,826 10,075 11,683 9,559 -12,605 4,993 3,185 10 48 86 28 90 12 96 44 06 60 60 24 50 50 40 25 24 10 65 62 29 65 07 $248,118 91 Dues capital, as per general ledger, . Profits capital, as per general ledger, . Total, $210,642 00 37,476 91 $248,118 91 Number of shares issued during the y e a r , ................................... 1,069 Number of shares now in f o r c e , .................................................... 4,723 Number of shares now borrowed upon...............................................1,531 Largest number of shares held by any one member, . . . . 25 Number of shares withdrawn during the year...................................' 1,036 Number of shares retired during the year, . . . . . . 118 Highest rate of premium or interest received on money sold during the year: 6 per cent. Lowest rate of premium or interest received on money sold during the year: 5£ per cent. Hate of profits distributed: first term, 2£ per cent.; second term, 2^ per cent. Number of members withdrawn during the y e a r ,................................... 145 Present number of members, ...................................................................... 569 Present number of b o r r o w e r s , ............................................................. 132 437 Present number of non-borrowers,................................... ........ Number of loans secured by first mortgage of real estate, . . . 103 Number of loans on s h a r e s , ......................................................................29 Largest loan to any one m e m b e r ,......................................................................$5,000 00 Smallest loan to any one m em ber,...................................................................... 50 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 1,150 17 Date of examination by commissioner: September 11. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis [Pub. Doc REPORT OF THE 214 PIONEER CO-OPERATIVE BANK —BOSTON. Incorporated July 26, 1877. Commenced business Aug. 6, 1877. D a n ie l E l d r e d g e , Secretary and Treasurer. J ohn C. Cook , President. Names of security committee: H e n r y P . Oa k m a n , W a l t e r H . R o be r ts , E l b r id g e K. N e w h a l l , P in c k n e y H olbrook , J ohn C . Cook . Regular meetings the first Monday of each month. 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. $200,750 00 Loans on real estate, 6,800 00 Loans on shares, . 275 00 Temporary expense account, 20,908 41 Real estate by foreclosure, . 30,506 02 Mortgages, . . . . Unpaid interest, 1,047 13 7 60 Unpaid premiums,. 93 46 Unpaid fines, . . . . 3,353 68 Cash in hands of treasurer, . Dues capital............................. $218,924 00 35,042 77 Profits capital (all series), . Interest..................................... 1,284 43 19 90 Premiums, . . . . ................................... 47 98 F in e s , Transfer fees, 50 158 80 Withdrawal profits, 12 43 Forfeiture profits, . 4,450 00 Guaranty fund, 2,361 16 Surplus,................................... 109 06 Forfeited share account, 1,125 85 Retired share account, . Matured share account, 204 42 $263,741 30 $263,741 30 Detailed Statement of Beceipts and Disbursements for the Year endinq Oct. 3 1 ,1 9 0 1 . D is b u r s e m e n t s . R e c e ip t s . $68,703 00 From dues capital,. 14,012 31 interest, 298 48 premiums, . 685 17 fines, . . . . 7 00 transfer fees, 36,400 00 real estate loans repaid, real estate loans elimi11,200 00 nated by foreclosure, real estate loans eliminated by maturity of 19,450 00 shares, 7,900 00 share loans repaid, 804 76 withdrawal profits, 19 38 forfeiture profits, . real estate by foreclos20,840 87 ure, . . . . 51,792 82 retired share account, . 6,809 64 matured share account, 2,782 85 mortgages, . 10,745 77 Cash on hand Oct. 31, 1900, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $252,452 05 For real estate loans, . share loans, . dues capital withdrawn, dues capital forfeited, . dues capital retired, dues capital matured, . profits capital withdrawn, profits capital forfeited, . profits capital retired, profits capital matured, . temporary expenses, interest on retired shares, interest on m a t u r e d shares............................ real estate by foreclosure, retired share account, matured share account, . mortgages, surplus, . . . . Cash on hand Oct. 31,1901, . $40,750 6,400 23,308 573 51,842 13,053 3,219 77 9,338 7.638 2,339 363 00 00 00 00 00 00 70 52 70 08 38 60 371 21,316 51,351 6,605 10,550 1 3,353 40 42 35 22 00 00 68 $252,452 05 No. 8.] SAYINGS BANK COMMISSIONERS. 215 Total Amount of Loans at Specified Rates of Interest. L oans on R eal E sta te. Amount. $134,150 2,000 200 2,500 00 00 00 00 Rate. L oans on Sh a r es. Amount. $53,200 3,000 5,300 400 5.00 per cent. 5.25 5.50 5.75 “ 00 00 00 00 Rate. Amount. Rate. 6.30 per cent. 6.60 6.90 » 7.50 “ $6,000 00 400 00 400 00 5.00 per cent. 5.50 “ 6.30 April, 1890,. Oct., 1890,. April, 1891,. Oct., 1891,. April, 1892,. Oct., 1892,. April, 1893,. Oct., 1893,. April, 1894,. Oct., 1894,. April, 1895,. Oct., 1895,. April, 1896,. Oct., 1896,. April, 1897,. Oct., 1897,. April, 1898,. Oct., 1898,. April, 1899,. Oct., 1899,. April, 1900,. Oct., 1900,. April, 1901,. Oct., 1901,. 24 $194 29 182 73 25 26 171 54 160 66 27 28 150 16 29 139 99 30 130 10 31 120 55 32 111 31 102 35 33 34 93 65 35 85 24 36 77 08 69 15 37 61 46 38 39 53 98 40 46 74 41 39 70 32 85 42 26 16 43 44 19 64 45 13 29 46 7 08 1 00 47 Dues paid in advance, . Total, • • • Total Value. Shares in Force. Series. D ate of I ssu e. Value per Share. Reconciliation of Share Account with Dues and Profits Capital. 81 $15,737 49 Dues capital, as per gen69 12,608 37 eral ledger, . $218,924 00 43 7,376 22 Profits capital, as per 5,944 42 general ledger, . 37 35,042 77 43 6,456 88 Unpaid dues, . 1,742 00 2,099 85 15 10,277 90 79 162 19,529 10 3,116 68 28 3,172 85 31 17,418 90 186 42 3,580 08 11,484 92 149 276 19,085 40 18,130 70 295 334 18,029 32 13,835 04 296 12,942 20 326 18,428 85 561 12,949 20 495 499 9,800 36 624 8,292 96 651 4,609 08 503 503 00 . 299 00 • • $255,708 77 Total, Number of shares issued during the y e a r , ................................... 1,387 Number of shares now in f o r c e , .....................................................5,825 Number of shares now borrowed upon............................................... 1,176 Largest number of shares held by any one member, . . . . 25 Number of shares withdrawn during the y e a r , ................................... 654 Number of shares forfeited during the y e a r ,............................................56 Number of shares retired during the y e a r , ............................................555 Number of shares matured during the y e a r ,............................................132 Highest rate of premium or interest received on money sold during the year: 5 per cent. Lowest rate of premium or interest received on money sold during the year: 5 per cent. Rate of profits distributed: first term, 2 | per cent.; second term, 2 | per cent. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $255,708 77 216 REPORT OF THE [Pub. Doc Number of members withdrawn during the y e a r ,................................... 150 Present number of m em b ers,......................................................................... 778 Present number of borrowers............................................................................126 Present number of non-borrowers,.................................................................652 Number of loans secured by first mortgage of real estate, . . . 117 Number of loans on shares................................................................................. 31 Largest loan to any one member...........................................................................$5,000 00 Smallest loan to any one m em ber,...................................................................... 50 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 2,339 38 Date of examination by commissioner : April 23. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] 217 SAYINGS BANK COMMISSIONERS. P IT T S F IE L D C O -O P E R A T IV E B A N K — P IT T S F IE L D . Incorporated Feb. 15, 1889. Commenced business March 5, 1889. H om er B . N a s h , Secretary and Treasurer. F . W . H in sd a l e , President. Names of security committee: H . S. R u s s e l l , W il l ia m W . G a m w e ll , M ic h a e l Ca s e y . Regular meetings the first Wednesday of each month. B a lan c e S h e e t O ct . 31, 1901. L ia b il it ie s . A ssets. $333,485 00 Loans on real estate, 20,826 00 Loans on shares, . . 11,656 82 Real estate by foreclosure, . 11,904 35 Cash in hands of treasurer, . Dues capital,. . . Profits capital (all series), Guaranty fund, Surplus, . . . . Forfeited share account, . $319,127 51,783 2,777 3,173 1,011 00 19 43 22 33 $377,872 17 $377,872 17 Detailed Statement of Receipts and Disbursements for the Year endinq Oct. 3 1 ,1 9 0 1 . D is b u r s e m e n t s . R e c e ip t s . $97,264 00 From dues capital, . 17,519 01 interest, 400 53 fines, . . . . 50 transfer fees, 55,505 00 real estate loans repaid, 25,444 00 share loans repaid, 690 05 withdrawal profits, real estate by foreclos392 00 ure, . . . . 10,000 00 city note, 43,638 11 Cash on hand Oct. 31, 1900, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $250,853 20 For real estate loans, . share loans, . dues capital withdrawn, profits capital withdrawn, temporary expenses, forfeited shares, interest, . . . . real estate by foreclosure, Cash on hand Oct. 31, 1901, . $92,055 23,365 98,838 22,637 1,741 5 5 302 11,904 00 00 00 05 80 00 00 00 35 $250,853 20 [Pub. Doc, REPORT OF THE 218 Total Amount of Loans at Specified Rates of Interest. L oans on Sh a r es. L oans on R eal E sta te. Rate. Amount. $333,485 00 Amount. Rate. Amount. - - $14,840 00 5,986 00 5 per cent. Rate. 5 per cent. 6 “ Mar , 1 8 8 9 , . Mar., 1 8 9 0 , . Sept., 1 8 9 0 , . Mar., 1 8 9 1 , . Sept., 1 8 9 1 , . Mar., 1 8 9 2 , . Sept., 1 8 9 2 , . Mar., 1 8 9 3 , . Sept., 1 8 9 3 , . Mar., 1 8 9 4 , . Sept., 1 8 9 4 , . Nov., 1 8 9 4 , . May, 1 8 9 5 , . Nov., 1 8 9 5 , . May, 1 8 9 6 , . Nov., 1 8 9 6 , . May, 1 8 9 7 , . Nov., 1 8 9 7 , • May, 1 8 9 8 , . Nov., 1 8 9 8 , . May, 1 8 9 9 , . Nov., 1 8 9 9 , . May, 1 9 0 0 , . Nov., 1 9 0 0 , . May, 1 9 0 1 , . Value. T o ta l Shares in Force. Series. D ate of Issu e. Value per Share. Reconciliation of Share Account with Dues and Profits Capital. 22 6 3 4 193 64 182 72 5 81 5 6 172 04 110 1 8 ,9 2 4 40 161 61 102 1 6 ,4 8 4 22 7 8 151 141 42 48 93 1 4 ,0 8 2 06 131 85 1 $216 9 $ 1 ,2 9 7 968 32 20 1 4 ,8 0 0 32 131 1 8 ,5 3 3 88 137 85 99 1 8 ,0 6 3 45 1 0 ,4 0 9 10 1 1 ,2 1 6 70 10 122 46 11 113 30 12 104 39 63 6 ,5 7 6 57 13 100 91 22 98 64 6 ,4 1 4 08 218 2 0 ,0 5 1 64 83 75 87 90 68 10 14 15 16 17 18 251 2 1 ,0 5 1 222 219 1 6 ,8 4 9 80 1 4 ,9 1 3 90 60 49 43 53 08 307 418 1 8 ,5 7 0 19 45 83 489 2 2 ,1 8 7 2 2 ,4 1 0 44 87 21 38 76 628 2 4 ,3 4 1 22 31 88 594 1 8 ,9 3 6 72 60 23 25 18 670 24 18 65 1 ,0 1 6 1 8 ,9 4 8 40 25 12 30 990 26 6 08 1 ,1 9 3 1 2 ,1 7 7 7 ,2 5 3 00 44 773 00 $ 3 7 3 ,1 0 6 19 • Total, Number of shares issued during the y e a r , ................................... 2 , 3 9 5 Number of shares now in force.............................................................8 , 1 9 1 Number of shares now borrowed upon............................................... 2,771 Largest number of shares held by any one member, . . . .2 5 Number of shares withdrawn during the year, . . . . 2,100 Highest rate of premium or interest received on money sold during the year: 5 per cent. Lowest rate of premium or interest received on money sold during the year: 5 per cent. Rate of profits distributed: first term, 2^ per cent.; second term, 2} per cent. Number of members withdrawn during the y e a r ,...................................148 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 00 5 1 ,7 8 3 2 ,1 9 6 19 00 $ 3 7 3 ,1 0 6 19 28 1 6 ,8 7 0 Total, $ 3 1 9 ,1 2 7 37 20 Dues paid in advance, . Dues capital, as per general ledger, . Profits capital, as per general ledger, Unpaid dues, . No. 8.] SAYINGS BANK COMMISSIONERS. 219 Present number of m em b ers,...................................................................... 1,054 Present number of borrowers,......................................................................... 335 Present number of non-borrowers....................................................................719 Number of loans secured by first mortgage of real estate, . . .201 Number of loans on s h a r e s , ......................................................................... 150 Largest loan to any one m e m b er ,......................................................................$5,000 00 Smallest loan to any one m em ber,...................................................................... 20 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 1,741 80 Date of examination by commissioner: September 30. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis REPORT OF THE 220 [Pub. Doc P L Y M O U T H C O -O P E R A T IV E B A N K —P L Y M O U T H . Incorporated June 7, 1882. C h a r l e s E . B a r n e s , President. Commenced business June 20, 1882. E l m e r E . A y e r y , Secretary and Treasurer. Names of security committee: P e l eg S. B u r g e s s , S eth W. P a t y , F rank H . L anm an. Regular meetings the third Tuesday of each month. B a l a n c e S h e e t O c t . 31, 1901. A ssets. L ia b il it ie s . Loans on real estate, $109,100 00 Loans on shares, . 10,030 00 163 53 Permanent expense account, 298 59 Temporary expense account,. Suspense account,. 2,176 07 Unpaid dues, . . . . 2,226 00 Cash in hands of treasurer, . 1,777 87 Dues capi tal, . . . . Profits capital (all series), . Interest, . . . . Premiums, . . . . F i n e s , ................................... Transfer fees, Withdrawal profits, Guaranty fund, Surplus, . . . . Forfeited share account, Advance payments, Undivided profits,. $125,772 06 $100,528 20,299 2,947 226 235 98 552 223 93 489 76 00 75 91 42 28 50 94 38 45 49 41 53 $125,772 06 Detailed Statement of Receipts and Disbursements for the Year ending Oct. 3 1 ,1 9 0 1 . R e c e ip t s . D is b u r s e m e n t s . From dues capital,. $21,021 00 interest, 6,026 57 premiums, . 443 29 fines................................ 295 43 transfer fees, 2 50 real estate loans repaid, 8,200 00 real estate loans eliminated by maturity of shares, 2,750 00 5,550 00 share loans repaid, 229 58 withdrawal profits, 72 forfeiture profits, . advance payments, 1,768 53 4 50 insurance, temporary expense, 14 00 unpaid dues, 995 00 401 00 suspense account, 1,672 82 Cash on hand Oct. 31, 1900, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $49,374 94 For real estate loans, share loans, dues capital withdrawn, dues capital forfeited, dues capital matured, profits capital withdrawn, profits capital forfeited, . profits capital matured, . temporary expenses, permanent expenses, interest, . . . . advance payments, insurance, fines, . . . . Cash on hand Oct. 31, 1901, . $25,900 5,300 6,319 144 5,560 929 3 2,473 741 23 3 195 4 00 00 00 00 00 49 04 62 30 80 15 05 50 12 1,777 87 $49,374 94 221 SAYINGS BANK COMMISSIONERS No. 8.] Total Amount of Loans at Specified Rates of Interest. L oans on Sh a r es. L oans on R ea l E sta te. $72,000 25,800 6,050 1,700 00 00 00 00 Amount. Rate. 6.30 per cent. 6.60 6.90 “ 7.20 “ $650 700 1,000 1,200 7.50 per cent. 7.80 8.10 “ 8.70 “ 00 00 00 00 Rate. Amount. Rate. Amount. $7,290 1,110 820 110 20 60 620 00 00 00 00 00 00 00 6.30 per cent. 6.60 6.90 “ 7.80 8.10 “ 8.40 “ 8.70 “ June, 1890, . Dec., 1890, . June, 1891, . Dec., 1891, . June, 1892, . Dec., 1892, . June, 1893, . Dec., 1893, . June, 1894, . Dec., 1894, . June, 1895, . Dec., 1895, . June, 1896, . Dec., 1896, . June, 1897, . Dec., 1897, . June, 1898, . Dec., 1898, . June, 1899, . Dec., 1S99, . June, 1900, . Dec., 1900, . June, 1901, . 17 $192 96 181 51 18 170 36 19 159 51 20 149 00 21 138 78 22 128 88 23 119 26 24 109 90 25 100 81 26 92 00 27 83 46 28 75 19 29 30 67 15 59 38 31 51 83 32 44 52 33 34 37 43 35 30 55 23 88 36 17 40 37 11 11 38 5 00 39 23 43 19 36 36 60 74 71 41 78 40 101 60 81 77 91 132 151 95 191 147 178 133 Total Value. Shares in Force. Value per Share. D ate of I ssu e. Series. Reconciliation of Share Account with Dues and Profits Capital. $4,438 08 Dues capital, as per general ledger, . 7,804 93 3,236 84 Profits capital, as per general ledger, . 5,742 36 5,364 00 8,326 80 9,537 12 8,467 46 4,505 90 7,863 18 3,680 00 8,429 46 4,511 40 5,439 15 4,572 26 4,716 53 5,876 64 5,651 93 2,902 25 4,561 08 2,557 80 1,977 58 665 00 T o t a l , ................................... $120,827 75 Total, Number of shares issued during the y e a r , ............................................386 Number of shares now in f o r c e , .................................................... 1,958 Number of shares now borrowed upon, . . . . . . . 792 Largest number of shares held by any one member, . . . .2 5 Number of shares withdrawn during the y e a r , ................................... 195 Number of shares forfeited during the y e a r , .......................................... 8 Number of shares matured during the y e a r , ..........................................40 Highest rate of premium or interest received on money sold during the year, 45 cents premium. Lowest rate of premium or interest received on money sold during the year, 5 cents premium. Rate of profits distributed: first term, 3 per cent.; second term, 3| percent. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $100,528 00 20,299 75 $120,827 75 222 REPORT OF THE [Pub. Doc. Number of members withdrawn during the y e a r ,................................... 41 Present number of m em b ers,......................................................................387 Present number of borrowers........................................................................ 168 Present number of non-borrowers,............................................................. 219 Number of loans secured by first mortgage of real estate, . . . 202 Number of loans on s h a r e s , ......................................................................103 Largest loan to any one m e m b e r ,......................................................................$3,000 00 10 00 Smallest loan to any one member,................................... • Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 743 71 Date of examination by commissioner : May? 20. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] 223 SAVINGS BANK COMMISSIONEKS P R O V ID E N T C O -O P E R A T IV E B A N K — C H E L SE A . Incorporated Sept. 25,1885. Commenced business Sept. 28, 1885. C. W i l l i s G o u l d , Secretary and Treasurer. T h om as M a r t in , President. Names of security committee: M il t o n R a t , J ohn W . D orr, H e n r y C. S t a r k e y . Regular meetings the fourth Monday of each month. 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. $412,480 00 Loans on real estate, 10,950 00 Loans on shares, . 25,919 93 Real estate by foreclosure, 1,958 50 Mortgages, . . . . 10,796 35 Cash in hands of treasurer, . $369,863 00 Dues capi tal , . . . . Profits capital (all series), . 72,917 29 6,800 00 Guaranty fund, 9,526 66 Surplus,................................... 3 58 Forfeited share account, 2,753 20 Retired share account, . 241 05 Personal accounts, $462,104 78 $462,104 78 Detailed Statement of Receipts and Disbursements fo r the Year ending Oct. 3 1 ,1 9 0 1 . R e c e ip t s . D is b u k s e m e n t s . $108,052 00 From dues capital,. 26,769 59 interest, . . . . 2,272 61 premiums, 1,034 34 fines, . . . . 1 25 transfer fees, . 95,750 00 real estate loans repaid,. real estate loans elimi4,300 00 nated by foreclosure, real estate loans eliminated by maturity of 21,250 00 shares............................ 25,100 00 share loans repaid,. withdrawal profits, 1,827 00 8,015 50 real estate by foreclosure, 500 00 personal accounts, . 2,753 20 retired share account, . 2,327 00 mortgages, 1,324 70 rents, . . . . 49,942 71 Cash on hand Oct. 31, 1900, . For real estate loans, $116,005 00 20,150 00 share loans, 46,572 00 dues capital withdrawn, dues capital retired,. 71,617 00 dues capital matured, 36,157 00 profits capital withdrawn, 6,855 09 14,888 24 profits capital retired, . 16,114 16 profits capital matured, temporary expenses, 2,207 14 1,326 49 interest on retired shares, interest on m a t u r e d 696 76 shares, . . . . 6,316 76 real estate by foreclosure, 258 95 personal accounts, . 1,258 96 taxes and repairs, . 10,796 35 Cash on hand Oct. 31, 1901, . $351,219 90 $351,219 90 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 224 REPORT OF THE [Pub. Doc Total Amount of Loans at Specified Bates of Interest. Loans Amount. $11,780 99,950 51,000 4,250 00 00 00 00 on R eal E sta te. L oans Rate. Amount. Rate. 5.00 per cent. 5.25 “ 5.50 “ 6.30 “ $204,700 00 30,650 00 10,150 00 6.60 per cent. 6.90 “ 7.20 » on Sh a res. Amount. $1,200 7,000 650 1,400 500 200 00 00 00 00 00 00 Rate. 5.00 per cent. 5.25 “ 5.50 “ 6.60 “ 6.90 “ 7.20 “ Sept., 1890, . Mar., 1891, . Sept, 1891, . May, 1892, . N o v . , 1892, . May, 1893, . N o v . , 1893, . May, 1894, . N o v . , 1894, . May, 1895, . N o v . , 1895, . May, 1896, . N o v . , 1896, . May, 1897. . N o v . , 1897, . May, 1898, . Nov., 1898, . May, 1899, . Nov., 1899, . May, 1900, . Nov., 1900, . May, 1901, . 11 $192 60 180 53 12 168 89 13 153 95 14 143 19 15 132 78 16 122 73 17 113 05 18 103 66 19 94 59 20 85 84 21 22 77 35 69 17 23 61 27 24 53 62 25 46 22 26 30 02 27 32 06 28 29 25 30 18 73 30 12 33 31 6 09 32 Dues paid in advance, Total, . 121 122 95 148 123 154 137 235 187 231 255 287 334 434 552 583 599 646 631 656 945 856 Total Value. Shares in Force. Value per, Share. Date of I ssu e. Series. Beconciliation of Share Account with Dues and Profits Capital. $23,304 22,024 16,044 22,784 17,612 20,448 16,814 26,566 19,384 21,850 21,889 22,199 23,102 26,591 29,598 26,946 23,372 20,710 15,964 12,286 11,651 5,213 60 66 55 60 37 12 01 75 42 29 20 45 78 18 24 26 98 76 30 88 85 04 Dues capital, as per general ledger, Profits capital, as per general ledger, . Unpaid dues, 72,917 29 4,218 00 637 00 $446,998 29 Total, Number of shares issued during the y e a r , ................................... 1,872 Number of shares now in f o r c e , ..................................................... 8,331 Number of shares now borrowed upon...............................................2,542 25 Largest number of shares held by any one member, . . . . Number of shares withdrawn during the year, . . . . 1,339 Number of shares retired during the y e a r , ............................................959 Number of shares matured during the year............................................... 265 Highest rate of premium or interest received on money sold during the year, 5£ per cent. Lowest rate of premium or interest received on money sold during the year, 5 per cent. Rate of profits distributed: first term, 2£ per cent.; second term, 2£ per cent. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $369,863 00 $446,998 29 No. 8.] SAYINGS BANK COMMISSIONERS. 225 Number of members withdrawn during the year...................................... 224 Present number of m em b ers,......................................................................... 975 Present number of borrowers,.................................................... ........ . 243 Present number of non-borrowers,................................................................ 732 Number of loans secured by first mortgage of real estate, . . . 249 Number of loans on s h a r e s , ...........................................................................52 Largest loan to any one member........................................................................... $5,000 00 Smallest loan to any one member, ...................................................................... 50 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 2,207 14 Date of examination by commissioner : February 6. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis [Pub. Doc. REPORT OF THE 226 Q U IN C Y C O -O P E R A T IV E B A N K — Q U IN C Y . Incorporated April 17, 1889. Commenced business May 7, 1889. R i c h a r d D . C h a s e , Secretary and Treasurer. J o h n F . W e l c h , President. Names of security committee: G eorge II. F ie l d , J o h n H . D in e g a n , A n d r ew M il n e . Regular meetings the first Wednesday of each month. 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. $201,750 00 Loans on real estate, Loans on shares, . 10,106 00 Real estate by foreclosure, . 4,357 08 Unpaid interest, 1,576 69 44 15 Unpaid premiums, 80 40 Unpaid fines, . . . . 8,565 52 Cash in hands of treasurer, . $181,961 00 Dues capi tal, . . . . 41,922 10 Profits capital (all series), . 928 00 Guaranty fund, 1,664 74 Surplus,................................... 4 00 Forfeited share account, $226,479 84 $226,479 84 Detailed Statement of Receipts and Disbursements for the Year endinq Oct. 3 1 ,1 9 0 1 . D is b u r s e m e n t s . R e c e ip t s . From dues capital,. interest, premiums, . fines, . . . . transfer fees, real estate loans repaid, real estate loans eliminated by maturity of shares, share loans repaid, withdrawal profits, real estate by foreclosure, . . . . Cash on hand Oct. 31, 1900, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $43,968 11,854 326 361 3 20,250 00 06 72 13 75 00 4,100 00 5,304 00 344 84 For real estate loans, . share loans, dues capital withdrawn, dues capital retired, dues capital matured, profits capital withdrawn, profits capital retired, profits capital matured, . temporary expenses, interest on retired shares, real estate by foreclosure, Cash on hand Oct. 31, 1901, . $30,677 5,950 13,439 4,525 16,974 1,377 2,648 7,847 862 150 245 8,565 00 00 00 00 00 07 90 50 84 55 23 52 378 41 6,371 70 $93,262 61 $93,262 61 No. 8.] 227 SAYINGS BANK COMMISSIONERS. Total Amount of Loans at Specified Bates of Interest. L oans on R ea l E sta te. L oans on Sha k es. Amount. Rate. Amount. Rate. Amount. Rate. $101,500 00 29,500 00 5.00 per cent. 6.00 “ $70,750 00 6.30 per cent. $6,716 00 2,015 00 1,375 00 5.00 per cent. 6.00 » 6.30 “ . . . . . . . . . . . . . . . . . . . . . . . 3 $200 52 188 45 4 176 73 5 165 34 6 154 27 7 8 143 59 9 133 25 10 123 26 11 113 59 12 104 23 13 95 16 14 86 40 15 77 92 16 69 70 61 71 17 54 00 18 19 46 50 39 26 20 21 32 24 22 25 41 18 79 23 12 36 24 6 10 25 Dues paid in advance, . Total, • • Total Value. Shares in Force. Series. D ate of Issu e. May, 1890, Nov., 1890, May, 1891, Nov., 1891, May, 1892, Nov., 1892, May, 1893, Nov., 1893, May, 1894, Nov., 1894, May, 1895, Nov., 1895, May, 1896, Nov., 1896, May, 1897, Nov., 1897, May, 1898, Nov., 1898, May, 1899, Nov., 1899, May, 1900, Nov., 1900, May, 1901, Value per Share. Reconciliation of Share Account with Dues and Profits Capital. 75J $15,039 00 22 4,145 90 10,073 61 57 111 18,352 74 88 13,575 76 119 17,087 21 82 10,926 50 50 6,163 00 8,973 61 79 82 8,546 86 5,424 12 57 163 14,083 20 203 15,817 76 141 9,827 70 250 15,427 50 189 10,206 00 144 6,696 00 199 7,812 74 231 7,447 44 281 7,140 21 358 6,726 82 402 4,968 72 1,689 70 277 . 110 00 * ' $226,262 10 Dues capital, as per general ledger, . $181,961 00 Profits capital, as per 41,922 10 general ledger, . Unpaid dues, . 2,379 00 Total, Number of shares issued during the y e a r , ............................................738 Number of shares now in force, ........................................................ 3,660 Number of shares now borrowed upon,............................................1,305 Largest number of shares held by any one member, . . . .2 5 Number of shares withdrawn during the year...........................................428 Number of shares retired during the y e a r , ............................................ 50 Number of shares matured during the y e a r ,............................................123 Highest rate of premium or interest received on money sold during the year: 5 per cent. Lowest rate of premium or interest received on money sold during the year: 5 per cent. Rate of profits distributed: first term, 2 | per cent.; second term, 2§ per cent. Number of members withdrawn during the y e a r,................................... 68 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $226,262 10 228 REPORT OF THE [Pub. Doc. Present number of m em bers,......................................................................... 517 Present number of b o r r o w e r s , .................................................................144 Present number of non-borrowers,................................................................ 373 Number of loans secured by first mortgage of real estate, . . . 152 Number of loans on s h a r e s , ........................................................................... 48 Largest loan to any one m e m b e r ,......................................................................$4,200 00 Smallest loan to any one m em ber,...................................................................... 25 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 862 84 Date of examination by commissioner : January 15. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] 229 SAVINGS BANK COMMISSIONERS. R A N D O L P H C O -O P E R A T IV E B A N K — R A N D O L P H . Incorporated Jan. 29, 1889. Commenced business Feb. 7, 1889. P a tr ick H . M c La u g h l in , Secretary and Treasurer. F r a n k l in W . H a y d e n , President. Names of security committee : H en r y D odge, H aryey W . B oyd, F r a n k l in W . H a y d e n . Regular meetings the first Thursday of each month. B a lan c e S h e e t O c t . 31, 1901. L ia b il it ie s . Assets. $41,100 00 Loans on real estate, 1,230 00 Loans on shares, . 38 49 Temporary expense account,. 970 43 Real estate by foreclosure, 1 02 Unpaid fines, . . . . 6 00 Insurance, . . . . 2,799 64 Cash in hands of treasurer, . Dues capital, . . Profits capital (all series), Interest, . . . . Premiums, . . . . Withdrawal profits, Guaranty fund, Surplus, . . . . Forfeited share account, Matured share account, . $37,406 5,203 116 6 29 864 1,571 7 938 00 32 86 75 90 71 83 61 60 $46,145 58 $46,145 58 Detailed, Statement of Receipts and Disbursements fo r the Year ending Oct. 3 1 ,1 9 0 1 . D is b u r s e m e n t s . R e c e ip t s . $12,588 00 For real estate loans, . From dues capital,. 2,591 20 share loans, interest, dues capital withdrawn, 87 40 premiums, . dues capital retired, 128 12 tines, . . . . dues capital matured, 3,750 00 real estate loans repaid, profits capital withdrawn, real estate loans elimiprofits capital retired, nated by maturity of profits capital matured, . 2,400 00 shares, temporary expense, 770 00 share loans repaid, interest on m a t u r e d 73 21 withdrawal profits, shares, real estate by foreclosreal estate by foreclosure, 100 00 ure, . . . . retired share account, 200 00 personal account, matured share account, . 5,459 10 retired share account, . 1,135 05 profits, . . . matured share account, 1 00 Cash on hand Oct. 31, fyol, . surplus, 2,027 12 Cash on hand Oct. 31, 1900, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $31,310 20 $5,650 1,375 5,503 4,736 2,315 1,099 723 1,033 229 00 00 00 00 00 89 10 95 74 65 122 5,459 196 1 2,799 52 81 10 45 00 64 $31,310 20 230 [Pub. Doc. REPORT OF THE Total Amount of Loans at Specified Rates of Interest. L oans on S hakes. L oans on R eal E sta te. Amount. Rate. Amount. Rate. $26,700 00 6.00 per cent. $14,400 00 6.30 per cent. Amount. $1,230 00 Rate. 6.00 per cent. Feb., 1890, . Aug., 1890, . Feb., 1891, . Aug., 1891, . Feb , 1892, . Aug., 1892,. Aug., 1893, . Feb., 1894, . Aug., 1894, . Feb., 1895, . Aug., 1895, . Feb., 1896, . Aug., 1896, . Feb., 1897, . Aug., 1897, . Feb., 1898, . Aug., 1898, . Feb , 1899, . Aug., 1899, . Feb., 1900, . Aug., 1900, . Feb , 1901, . Aug., 1901, . 3 $197 83 4 186 48 175 19 5 6 164 39 153 91 7 8 143 71 10 124 18 11 114 87 12 105 81 13 96 99 14 88 45 15 80 16 72 10 16 64 28 17 18 56 70 19 49 34 20 42 15 21 35 18 22 28 39 23 21 78 24 15 35 9 09 25 26 3 00 Dues paid in advance, . Total, • • 2 12 4 4 9 23 10 10 3 3 9 9 5 61 111 93 53 125 101 116 100 105 108 Total Value. Shares in Force. Series. D ate of I ssu e. Value per Share. Reconciliation of Share Account with Dues and Profits Capital. $395 66 2,237 76 700 76 657 56 1,385 19 3,305 33 1,241 80 1,148 70 317 43 290 97 796 05 721 44 360 50 3,921 08 6,293 70 4,588 62 2,233 95 4,397 50 2,867 39 2,526 48 1,535 00 954 45 324 00 Dues capital, as per general ledger, . Profits capital, as per general ledger, . Unpaid dues, . $37,406 00 5,203 32 619 00 27 00 $43,228 32 Total, $43,228 32 Number of shares issued during the y e a r , ............................................... 232 Number of shares now in f o r c e , ..............................................................1,076 Number of shares now borrowed u p o n ,........................................................237 Largest number of shares held by any one member, . . . . 25 Number of shares withdrawn during the y e a r , .......................................124 Number of shares retired during the y e a r , ................................................. 79 Number of shares matured during the y e a r ,................................................. 18 Highest rate of premium or interest received on money sold during the year : 6 per cent. Lowest rate of premium or interest received on money sold during the year : 6 per cent. Rate of profits distributed : first term, 2f per cent.; second term, 2 | per cent. Number of members withdrawn during the y e a r ,...................................34 Present number of m em b ers,......................................................................... 221 Present number of borrowers,...........................................................................67 Present number of non-borrowers,.................................................................154 Number of loans secured by first mortgage of real estate, . . .6 2 Number of loans on s h a r e s , ........................................................................... 10 Largest loan to any one m e m b e r ,......................................................................$1,500 00 Smallest loan to any one m em ber,...................................................................... 10 00 Amount of expenses of the corporation for the year ending Oct. 31,1901, . 229 74 Date of examination by commissioner : March 1. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] SAYINGS BANK COMMISSIONERS. 231 R E A D IN G C O -O P E R A T IV E B A N K — R E A D IN G . Incorporated Nov. 27, 1886. Commenced business Dec. 6, 1886. E d w a r d H . P a l m e r , President. H arr y P . B osson , Secretary. E d g a r N . H u n t , Treasurer. Names of security committee: L e w is M. B ancroft , G a l e n A. P a r k e r , E d w a r d II. P a l m e r . Regular meetings the first Monday of each month. B a l a n c e S h e e t O c t . 31, 1901. A ssets. L ia b il it ie s . Loans on real estate, $227,642 00 Loans on shares, . 6,973 00 Real estate by foreclosure, 29,059 10 Mortgages, . . . . 10,719 00 1,500 00 Unpaid interest, 44 17 Insurance account, Cash in hands of secretary, . 984 43 Cash in hands of treasurer, . 22,769 64 Dues capital, . . . . Profits capital (all series), Guaranty fund, Surplus, . . . . Forfeited share account, Due on real estate loans, . $247,854 45,548 900 1,188 49 4,150 00 92 00 92 50 00 I $299,691 34 $299,691 34 Detailed Statement o f Receipts and Disbursements for the Year endinq Oct. 3 1 ,1 9 0 1 . R e c e ip t s . From dues capital,. interest, premiums, . fines, . . . . transfer fees, real estate loans repaid, real estate loans eliminated by foreclosure, share loans repaid, withdrawal profits, forfeiture profits, . forfeited shares, . real estate by foreclosure, . . . . profits, . . . . rent, . . . . incomplete real estate loans, real estate loans transferred to mortgage notes, mortgage notes, . insurance, Cash on hand Oct. 31, 1900, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis D is b u b s e m e n t s . $64,731 13,481 575 , 528 3 30,574 00 90 86 22 75 00 900 7,310 254 2 16 00 00 65 66 00 1,809 20 125 97 1,230 97 4,150 00 11,919 1,200 55 16,633 For real estate loans, . share loans, dues capital withdrawn, dues capital forfeited, . dues capital retired, profits capital withdrawn, profits capital forfeited, . profits capital retired, temporary expenses, forfeited shares, interest on retired shares, real estate by foreclosure, real estate expense, insurance, security committee, incomplete real estate loans, . . . . mortgage notes, Cash on hand Oct. 31, 1901, . $59,057 5,060 36,432 111 5,899 5,397 10 2,362 1,042 16 125 2,036 1,386 81 10 00 00 00 00 00 15 65 36 68 00 97 90 82 17 67 800 00 11,919 00 23,754 07 00 00 75 51 $155,502 44 $155,502 44 232 REPORT OF THE [Pub. Doc. Total Amount of Loans at Specified Rates o f Interest. L oans on R eal E sta te. Amount. $88,492 19,150 85,105 15,375 00 00 00 00 Rate. 6.00 per cent. 6.25 “ 6.30 « 6.60 “ Loans on Sh a r es. Amount. $17,150 1,000 620 750 00 00 00 00 Rate. Amount. Rate. 6.90 per cent. 7.25 “ 7.50 “ 8.70 “ $5,568 00 1,405 00 6.00 per cent. 6.30 “ Dec., 1889, . June, 1890, . Dec., 1890, . June, 1891, . Dec., 1891, . June, 1892, . Dec., 1892, . May, 1893, . Nov., 1893, . May, 1894,. Nov., 1894, . May, 1895, . Nov., 1895, . May, 1896, . Nov., 1896, . Mav, 1897, . Nov., 1897, . May, 1898, . Nov., 1898, . May, 1899, . Nov., 1899, . May, 1900, . Nov., 1900, . May, 1901, . 7 $202 52 8 190 75 9 179 30 10 168 25 11 157 52 12 147 11 13 136 99 14 128 78 15 119 25 16 110 03 101 08 17 18 92 41 19 84 02 20 75 85 21 67 95 22 60 30 52 89 23 24 45 68 25 38 67 26 31 83 25 15 27 28 18 64 29 12 28 30 6 07 Dues paid in advance, . Total, • • 26 671 71 80 69 71 117 84 92 122 124 200 143 277 182 387 253 269 317 324 503 487 586 533 Total Value. Shares in Force. Series. Date op Issue. Value per Share. Reconciliation of Share Account with Dues and Profits Capital. $5,265 12,780 12,730 13,460 10,868 10,444 16,027 10,817 10,971 13,423 12,533 18,482 12,014 21,010 12,366 23,336 13,381 12,287 12,258 10,312 12,650 9,077 7,196 3,235 52 25 30 00 88 81 83 52 00 66 92 00 86 45 90 10 17 92 39 92 45 68 08 31 Dues capital, as per general ledger, . $247,854 00 Profits capital, as per general ledger, . 45,548 92 Unpaid dues, . 3,733 00 202 00 $297,135 92 Total, Number of shares issued during the y e a r , ................................... 1,201 Number of shares now in f o r c e , .....................................................5,384 Number of shares now borrowed upon, . . . . . . 1,267 Largest number of shares held by any one member................................. 25 Number of shares withdrawn during the y e a r , ................................... 951 Number of shares forfeited during the y e a r ,............................................ 6 Number of shares retired during the y e a r , ............................................ 39 Highest rate of premium or interest received on money sold during the year: 6 per cent. Lowest rate of premium or interest received on money sold during the year: 6 per cent. Rate of profits distributed: first term, 2 | per cent.; second term, 2\ per cent. Number of members withdrawn during the y e a r ,................................... 71 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $297,135 92 No. 8.] SAVINGS BANK COMMISSIONERS. 233 Present number of m em b ers,......................................................................... 730 Present number of borrowers,......................................................................... 194 Present number of non-borrowers....................................................................536 Number of loans secured by first mortgage of real estate, . . . 169 Number of loans on s h a r e s , ........................................................................... 25 Largest loan to any one member........................................................................... $5,000 00 Smallest loan to any one member,...................................................................... 10 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 1,042 68 Date of examination by commissioner : September 20. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 234 REPORT OF THE [Pub. Doc R E L IA N C E C O -O P E R A T IV E B A N K — C A M B R ID G E . Incorporated July 16, 1889. Commenced business July 16, 1889. E d w a r d W . W h it e , Secretary and Treasurer. J o se p h G. T h o r p , President. Names of security committee : G eorge H . S t e a r n s , H er m a n B i r d , W il l ia m P . B r o w n , I saac M cL e a n , R o be rt B utterw orth . Regular meetings the second Wednesday of each month. B a l a n c e S h e e t O ct . 31, 1901. A ssets. L ia b il it ie s . $310,986 67 Loans on real estate, 18,785 00 Loans on shares, . Permanent expense account,. 383 98 476 09 Temporary expense account, 4,894 89 Real estate by foreclosure, . 3,262 33 Unpaid interest, 7 80 Unpaid premiums,. 198 03 Unpaid fines, . . . . 101 81 Taxes paid, . . . . 18 50 Rent account , . . . . Cash in hands of treasurer, . 5,197 50 • Dues capital,. Profits capital (all series), . Interest, . . . . Premiums, . . . . Fines......................................... Transfer fees, Withdrawal profits, Forfeiture profits, . Guaranty fund, Surplus, . . . . Forfeited share account, Security committee, $344,312 60 $289,791 44.102 6,014 20 174 84 2,950 778 375 20 00 16 16 56 99 75 23 40 00 42 93 00 $344,312 60 Detailed Statement of Receipts and Disbursements for the Year ending Oct. 3 1 ,1 9 0 1 . D is b u r s e m e n t s . R e c e ip t s . From dues capital,. interest, premiums, . fines, . . . . transfer fees, real estate loans repaid, real estate loans eliminated by foreclosure, real estate loans eliminated by maturity of shares, share loans repaid, withdrawal profits, forfeiture profits, . forfeited shares, . real estate by foreclosure, . . . . security committee, Cash on hand Oct. 31, 1900, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $87,877 17,786 68 590 1 41,900 00 78 28 35 25 00 4,700 00 2,500 9,797 271 8 218 00 00 99 56 70 3,775 81 37 50 13,438 23 $182,971 45 For real estate loans, share loans, . dues capital withdrawn, dues capital forfeited, . dues capital retired, dues capital matured, profits capital withdrawn, profits capital forfeited, . profits capital retired, profits capital matured, . temporary expenses, permanent expenses, forfeited shares, interest on retired shares, interest on m a t u r e d shares, real estate by foreclosure, security committee, Cash on hand Oct. 31, 1901, . $76,331 14,097 35,124 325 19,522 10,153 7,109 29 3,784 4,066 1,414 52 153 69 67 00 00 00 00 00 48 81 63 17 14 43 70 54 _ 204 5,294 42 5,197 12 76 50 50 $182,971 45 No. 8.] SAYINGS BANK COMMISSIONERS 235 Total Amount of Loans at Specified Rates of Interest. L oans on R eal E state. L oans on Sh a k es. Amount. Rate. Amount. Rate. Amount. Rate. $252,161 67 3,000 00 42,500 00 5.00 per cent. 5.10 “ $10,525 00 800 00 2,000 00 6.30 per cent. 6.60 « 6.90 » $16,685 00 2,100 00 5.00 per cent. 6.00 “ 6 .0 0 » Total Value. 1890, . 1890,. 1891, . 1891, . 1892, . 1892, . 1893, . 1893, . 1894,. 1894, . 1895, . 1895, . 1896, . 1896, . 1897, . 1897, . 1898, . 1898, . 1899, . 1899, . 1900, . 1900, . 1901, . 1901, . Shares in Force. Jan., July, Jan., July, Jan., July, Jan., July, Jan., July, Jan., July, Jan., July, Jan., July, Jan., July, Jan., July, Jan., July, Jan., July, 2 $198 38 66 186 93 3 47 175 81 4 63 42 5 165 00 154 48 6 81 144 21 77 7 134 36 36 8 9 124 73 105 115 41 10 109 11 106 31 92 12 215 97 55 89 05 13 193 14 80 75 253 15 72 77 231 64 96 382 16 17 274 57 39 18 50 04 459 42 93 19 265 20 36 00 651 21 29 27 524 22 72 22 919 23 16 33 659 24 10 09 973 4 00 1,083 25 $13,093 8,785 11,076 6,930 12,512 11,104 4,836 13,096 12,579 9,780 20,973 17,186 20,429 16,809 24,814 15,724 22,968 11,376 23,436 15,337 20,879 10,761 9,817 4,332 Series. D ate of I ssu e. Value per Share. Reconciliation of Share Account with Dues and Profits Capital. Suspense profits, Dues paid in advance, . Total, 08 71 03 00 88 17 96 65 69 52 25 65 75 87 72 86 36 45 00 48 68 47 57 00 Dues capital, as per general ledger, . Profits capital, as per general ledger, . Unpaid dues, . 44,102 16 4,980 00 36 229 00 • $338,873 16 Total, . Number of shares issued during the year...........................................2,242 Number of shares now in f o r c e , .................................................... 7,799 Number of shares now borrowed u p o n ,............................................ 2,072 Largest number of shares held by any one member, . . . .2 5 Number of shares withdrawn during the year...................................1,030 Number of shares forfeited during the y e a r ,............................................61 Number of shares retired during the y e a r , ............................................ 257 Number of shares matured during the y e a r ,............................................71 Highest rate of premium or interest received on money sold during the year: 5 per cent. Lowest rate of premium or interest received on money sold during the year: 5 per cent. Rate of profits distributed: first term, 2£ per cent.; second term, 2 4 per cent. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $289,791 00 $338,873 16 236 REPORT OF THE [Pub. Doc. Number of members withdrawn during the y e a r ,................................... 134 Present number of m em bers,......................................................................... 903 Present number of borrowers,......................................................................... 199 Present number of non-borrowers....................................................................704 Number of loans secured by first mortgage of real estate, . . .174 Number of loans on s h a r e s , ......................................................................... 119 Largest loan to any one m e m b e r ,......................................................................$5,000 00 Smallest loan to any one member......................................................................... 25 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 1,450 59 Date of examination by commissioner : January 2. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] 237 SAYINGS BANK COMMISSIONERS R E V E R E C O -O P E R A T IV E B A N K — R E V E R E . Incorporated Oct. 1, 1901. Commenced business Oct. 14, 1901. A . H . C h il d , Secretary and Treasurer. A l b e r t S. B u r n h a m , President. Names of security committee: A l b e r t S. B u r n h a m , G orham H . T il to n , A r t h u r B. Cu r t is , T homas F. D r isc o l l , I saac W e a v e r . Regular meetings the second Monday of each month. B a la n c e S h e e t O ct . 31, 1901. A ssets. L ia b il it ie s . Cash in hands of treasurer, . $381 00 Dues capital, . . . . $381 00 Detailed Statement of Receipts and Disbursements fo r the Year ending Oct. 3 1 ,1 9 0 1 . R e c e ip t s . D is b u r s e m e n t s . From dues capital,. $381 00 Cash on hand Oct. 31,1901, . $381 00 Shares in Force. Total Value. Oct., 1901,. Value per Share. D ate of Issu e. Series. Reconciliation of Share Account with Dues and Profits Capital. 1 $1 00 379 $379 00 Dues paid in advance, . Total, • Dues capital, as per general ledger, . 2 00 $381 00 Number of shares issued during the year, Number of shares now in force................................... Largest number of shares held by any one member, Present number of members, . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $381 00 Total, $381 00 . 379 . 379 . 25 . 84 238 REPORT OF THE [Pub. Doc. R O G E R C O N A N T C O -O P E R A T IV E B A N K — SA L E M . Incorporated Nov. 9, 1894. Commenced business Nov. 13, 1894. R obert B . B e c k h a m , Secretary and Treasurer. C h a r l e s B .B alcom b , President. Names of security committee : G eorge L . A l l e n , W il l ia m L e o n a r d , W m . F. M. Co l l in s , C h a r le s B . B alcom b , J ohn J. S h e e h a n . Regular meetings the second Tuesday of each month. B a la n c e S h e e t O c t . 31, 1901. A ssets. L ia b il it ie s . Loans on real estate, $42,440 00 Loans on shares, . 2,530 00 Permanent expense account, 50 00 Temporary expense account, 160 00 Real estate by foreclosure, . 4,140 54 Unpaid interest, 576 38 Unpaid premiums, 31 20 Unpaid fines, . . . . 101 93 Cash in hands of treasurer, . 9,795 94 Dues capital, . . . . Profits capital (all series), Guaranty fund, Surplus, . . . . Forfeited share account, . $59,825 99 $51,321 7,876 425 180 22 00 64 68 67 00 $59,825 99 Detailed Statement of Receipts and Disbursements for the Year ending Oct. 3 1 ,1 9 0 1 . R e c e ip t s . D is b u r s e m e n t s . From dues capital,. $17,175 00 interest, 2,662 07 premiums, . 149 94 fines, . . . . 130 90 transfer fees, 75 real estate loans repaid, 10,710 00 real estate loans elimi3,400 00 nated by foreclosure,. 615 00 share loans repaid, > 322 15 withdrawal profits, 4 69 forfeiture profits, . forfeited shares, . 3 00 real estate by foreclos1,369 46 ure, . . . . 7,336 46 Cash on hand Oct. 31,1900, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $43,879 42 For real estate loans, share loans, dues capital withdrawn, dues capital forfeited, . dues capital retired, profits capital withdrawn, profits capital forfeited, . profits capital retired, temporary expenses, real estate by foreclosure, Cash on hand Oct. 31, 1901, . $13,700 2,355 10,207 236 1,800 1,292 18 364 329 3,780 9,795 00 00 00 00 00 63 95 25 65 00 94 $43,879 42 No. 8.] SAYINGS BANK COMMISSIONERS 239 Total Amount of Loans at Specified Rates of Interest. L o a n s o n R is a i , E s t a t e . Amount. $1,700 00 40,190 00 Rate. L oans on Sh a r es. Amount. 6.00 per cent. 6.30 “ Rate. $150 00 400 00 Amount. 6.60 per cent. 8.10 “ $1,400 00 1,130 00 Rate. 6.00 per cent. 6.30 “ Dues paid in advance, . Total, • Total Value. 1894, . 1 $104 23 2 1895,. 95 27 1895, . 3 86 57 1896, . 4 78 13 1896, . 5 69 93 1897, . 6 61 97 54 24 1897, . 7 1898, . 8 46 74 1898, . 9 39 46 1899, . 1 0 32 39 1899, . 11 25 52 1900, . 12 18 85 1900, . 13 12 38 1901, . 14 6 10 ^Shares in Force. Nov., May, Nov., May, Nov., May, Nov., May, Nov., May, Nov., May, Nov., May, Series. D ate op I ssu e. Value per Share. Reconciliation of Share Account with Dues and Profits Capital. 175 18 27 53 71 68 65 40 94 104 214 176 231 106 $18,240 1,714 2,337 4,140 4,965 4,213 3,525 1,869 3,709 3,368 5,461 3,317 2,859 646 25 86 39 89 03 96 60 60 24 56 28 60 78 60 Dues capital, as per general ledger, Profits capital, as per general ledger, . Unpaid dues,. $51,321 00 7,876 64 1,246 00 73 00 $60,443 64 Total, $60,443 64 Number of shares issued during the y e a r , ............................................403 Number of shares now in f o r c e , .................................................... 1,442 Number of shares now borrowed u p o n ,.................................................... 271 Largest number of shares held by any one member..................................25 Number of shares withdrawn during the y e a r , ................................... 406 Number of shares forfeited during the y e a r ,............................................21 Number of shares retired during the y e a r , ............................................25 Highest rate of premium or interest received on money sold during the year: 5 cents premium. Lowest rate of premium or interest received on money sold during the year: 6 per cent. Rate of profits distributed: first term, 3 per cent.; second term, 3 per cent. Number of members withdrawn during the y e a r ,................................... 60 Present number of m em b ers,......................................................................... 243 Present number of borrowers,........................................................................... 48 Present number of non-borrowers....................................................................195 Number of loans secured by first mortgage of real estate, . . . 39 Number of loans on shares..................................................................................10 Largest loan to any one m e m b e r ,......................................................................$3,000 00 Smallest loan to any one m em ber,.................................................... 30 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 334 65 Date of examination by commissioner : January 4. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis REPORT OF THE 240 [Pub. Doc. R O S L IN D A L E C O -O P E R A T IV E B A N K — R O S L IN D A L E . Incorporated March 7, 1898. Commenced business April 20, 1898. G eorge W. P. B a b b , Secretary and Treasurer. I sa ia h B. H a m b l e n , President. Names of security committee: A r t h u r M cA r t h u r , I sa ia h B . H a m r l e n , A bra m P. H o dgdon . Regular meetings the third Wednesday of each month. B a la n c e S h e e t O ct . 31, 1901. L ia b il it ie s . A ssets. Loans on real estate, Loans on shares, . Permanent expense account, Temporary expense account, Suspense account, . Cash in hands of treasurer, . $20,900 1,150 134 2 5 264 00 00 34 35 88 40 Dues capi tal , . . . . Profits capital (all series), . Interest, . . . . F i n e s , ................................... Guaranty fund, Surplus, . . . . Forfeited share account, $22,456 97 $20,886 1,022 121 3 40 74 307 00 18 71 68 63 90 87 $22,456 97 Detailed Statement of Receipts and Disbursements for the Year endinq Oct. 3 1 ,1 9 0 1 . R e c e ip t s . From dues capital,. interest, fines, . . . . real estate loans repaid, share loans repaid, forfeited shares, . Cash on hand Oct. 31, 1900, . D is b u r s e m e n t s . $11,282 905 60 4,500 1,000 307 2,837 00 70 38 00 00 87 49 For real estate loans, . share loans, . dues capital withdrawn, dues capital forfeited, . profits capital withdrawn, temporary expenses, Cash on hand Oct. 31, 1901, . 1 $20,893 44 $15,250 825 3,959 280 182 132 264 $20,893 44 Total Amount of Loans at Specified Rates of Interest. L oans on R ea l E sta te. Amount. $20,900 00 Rate. 5 per cent. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 00 00 00 00 95 09 40 L oans on Sh a res. Amount. Rate. Amount. - - $1,150 00 Rate. 5 per cent. No. 8.] SAYINGS BANK COMMISSIONERS. 241 $45 39 32 26 19 13 7 1 4 5 6 7 8 Suspense dues, Dues paid in advance, . Total, • 96 23 58 02 57 26 07 00 Total Value. 1 2 3 Shares in Force. April, 1898,. Oct., 1898,. April, 1899,. Oct., 1899,. April, 1900, . Oct., 1900,. April, 1901,. Oct., 1901,. Series. D ate op Issu e. Value per Share. Reconciliation of Share Account with Dues and Profits Capital. 174 79 88 50 163 112 270 117 $7,997 3,099 2,867 1,301 3,189 1,485 1,908 117 04 17 04 00 91 12 90 00 Dues capital, as per general ledger, . Profits capital, as per general ledger, . Unpaid dues, . $20,886 00 1,022 18 168 00 1 00 110 00 $22,076 18 Total, $22,076 18 Number of shares issued during the y e a r , ............................................460 Number of shares now in f o r c e , .....................................................1,053 Number of shares now borrowed u p o n ,.................................................... 244 Largest number of shares held by any one member, . . . .2 5 N umber of shares withdrawn during the y e a r , ................................... 223 Number of shares forfeited during the y e a r ,............................................19 Highest rate of premium or interest received on money sold during the year: 5 per cent. Lowest rate of premium or interpst received on money sold during the year: 5 per cent. Rate of profits distributed: first term, 2 per cent.; second term, 2 per cent. Number of members withdrawn during the y e a r ,................................... 52 Present number of m em b ers,......................................................................... 180 Present number of borrowers,...........................................................................35 Present number of non-borrowers,.................................................................145 Number of loans secured by first mortgage of real estate, . . . 18 Number of loans on s h a r e s , ........................................................................... 17 Largest loan to any one m e m b e r ,......................................................................$3,000 00 Smallest loan to any one m em ber,...................................................................... 50 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 146 60 Date of examination by commissioner : November 19. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 242 [Pub. Doc. REPORT OF THE E O X B U R Y C O -O P E R A T IV E B A N K - (R O X B U R Y D IS T R IC T ) BO ST O N . Incorporated Oct. 3, 1889. Commenced business Nov. 1, 1889. T homas J. S p ro ul , Secretary and Treasurer. J am e s W . C olgan , President. Names of security committee: R obert A . W atson , J oseph E n g e l , W m . S . Co le , A mos M. L e o n a r d . Regular meetings the first business day of each month. B a la n c e S h e e t O ct . 31, 1901. A ssets. L ia b il it ie s . $268,338 95 Loans on real estate, 9,565 0 0 Loans on shares, . 882 39 Unpaid interest. 20 Unpaid premiums, 80 52 Unpaid fines, . . . . 51 21 Cash in hands of treasurer, . Dues capital, . . . . Profits capital (all series), Guaranty fund, Surplus, . . . . . $278,918 27 $231,673 41,572 3,000 2,673 00 15 00 12 $278,918 27 Detailed Statement of Receipts and Disbursements for the Year endinq Oct. 3 1 ,1 9 0 1 . R e c e ip t s . From dues capital,. interest, premiums, . fines, . . . . transfer fees, real estate loans repaid, share loans repaid, withdrawal profits, temporary expense ac count, Cash on hand Oct. 31, 1900, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis D is b u r s e m e n t s . $67,392 13,427 6 336 2 63,150 9,100 438 00 36 50 27 00 00 00 29 180 20 555 99 $154,588 61 For real estate loans, share loans, . dues capital withdrawn, dues capital retired, profits capital withdrawn, profits capital retired, temporary expenses, interest on retired shares, Cash on hand Oct. 31, 1901, $91,618 7,795 41,292 5,908 5,323 1,056 1,466 76 51 95 00 00 00 52 83 92 18 21 $154,588 61 No. 8.] 243 SAYINGS BANK COMMISSIONERS. Total Amount of Loans at Specified Rates of Interest. L oans on Real L oans on S ha k es. E state. Amount. Rate. Amount. Rate. Amount. Rate. $263,638 95 3,500 00 5.00 per cent. 5.50 “ $1,200 00 6.00 per cent. $9,055 00 510 00 6.00 per cent. 6.30 Nov., 1889, May, 1890, Nov., 1890, May, 1891, Nov., 1891, May, 1892, Nov., 1892, May, 1893, Nov., 1893, May, 1894, Nov., 1894, Mav, 1895, Nov., 1895, May, 1896, Nov., 1896, May, 1897, Nov., 1897, May, 1898, Nov., 1898, Mav, 1899, Nov., 1899, May, 1900, Nov., 1900, May, 1901, . . . . . . . . . . . . . . . . . . . . . . . . 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 $205 193 182 171 160 150 140 130 120 111 102 93 84 76 68 60 53 46 38 31 25 18 12 6 39 20 50 38 106 48 55 89 32 128 168 197 207 164 207 282 306 250 321 391 541 540 731 656 65 97 54 44 65 20 04 12 58 28 27 47 97 73 69 91 35 01 89 98 23 70 31 08 $8,020 3,879 9,127 6,514 17,028 7,209 7,702 11,580 3,858 14,243 17,181 18,413 17,588 12,583 14,218 17,176 16,325 11,502 12,483 12,504 13,649 10,098 8,998 3,988 35 40 00 72 90 60 20 68 56 84 36 59 79 72 83 62 10 50 69 18 43 00 61 48 Dues capital, as per general ledger, . Profits capital, as per general ledger, . Unpaid dues, . $231,673 00 41,572 15 2,765 00 132 00 Dues paid in advance, . Total, Total Value. Shares in Force. D ate of Issu e. Value per Share. Series. Reconciliation of Share Account with Dues and Profits Capital. • $276,010 15 Total, $276,010 15 Number of shares issued during the y e a r , ............................................ 1,595 Number of shares now in f o r c e , ............................................................. 5,566 Number of shares now borrowed u p o n ,.....................................................1,787 Largest number of shares held by any one member, . . . .2 5 Number of shares withdrawn during the year, . . . . 1,491 Number of shares retired during the y e a r , .................................................87 Highest rate of premium or interest received on money sold during the year: 6 per cent. Lowest rate of premium or interest received on money sold during the year: 5 per cent. Rate of profits distributed: first term, 2£ per cent.; second term, 2^ per cent. Number of members withdrawn during the year, . . . . . 101 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 244 REPORT OF THE [Pub. Doc. Present number of m em b ers,......................................................................... 572 Present number of borrowers,......................................................................... 135 Present number of non-borrowers,................................................................ 437 Number of loans secured by first mortgage of real estate, . . 98 Number of loans on s h a r e s , ........................................................................... 37 Largest loan to any one m e m b e r ,......................................................................$5,000 00 Smallest loan to any one member,...................................................................... 50 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 1,286 72 Date of examination by commissioner : February 8. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] SAYINGS BANK COMMISSIONERS 245 SALEM CO-OPERATIVE BANK —SALEM. Incorporated April 7, 1888. Commenced business April 13, 1888. E. A ugustus M a c k in t ir e , President. A l b e r t C. M a c k in t ir e , Secretary and Treasurer. Names of security committee: G e o r g e W. P i c k e r i n g , E. A u g u st u s M a c k in t ir e , F r a n c is A . N e w e l l . Regular meetings the second Friday of each month. B a la n c e S h e e t O ct . 31, 1901. A ssets. L ia b il it ie s . Loans on real estate, $255,405 00 Loans on shares, . 6,206 00 Temporary expense account, 86 66 13,451 04 Real estate by foreclosure, . Mortgages, . . . . . 2,800 00 Unpaid interest, 1,905 15 94 50 Unpaid premiums, Unpaid fines, . . . . 192 32 Cash in hands of treasurer, . 2,275 62 Dues capital, . . . . Profits capital (all series), . Interest, . . . . Premiums, . . . . F i n e s , ................................... Transfer fees, Withdrawal profits, Guaranty fund, Surplus..................................... Forfeited share account, $223,329 42,689 1,348 52 49 66 3,732 11,117 30 00 95 58 45 18 25 82 18 48 40 $282,416 29 $282,416 29 Detailed Statement of Receipts and Disbursements fo r the Year ending Oct. 3 1 ,1 9 0 1 . D is b u r s e m e n t s . R e c e ip t s . From dues capital,. $64,866 00 interest, 16,066 26 premiums, . 719 10 fines, . . . . 522 08 transfer fees, 7 25 real estate loans repaid, 62,225 00 real estate loans eliminated by foreclosure, 1,800 00 real estate loans eliminated by maturity of shares, 700 00 share loans repaid, 7,908 00 withdrawal profits, 277 61 forfeiture profits, . 41 forfeited shares, . 87 93 real estate by foreclosure, . . . . 5,019 92 tax and insurance account, 50 27 Cash on hand Oct. 31, 1900, . 9,689 86 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $169,939 69 For real estate loans, . share loans, . dues capital withdrawn, dues capital forfeited, dues capital matured, profits capital withdrawn, profits capital forfeited, . profits capital matured, . temporary expenses, forfeited shares, interest on m a t u r e d shares, real estate by foreclosure, mortgage, Cash on hand Oct. 31, 1901, . $62,630 8,871 56,589 120 14,169 12,411 18 6,054 1,777 133 00 00 00 00 00 52 24 22 45 55 79 3,210 1.600 2,275 20 89 00 62 $169,939 69 246 REPORT OF THE [Pub. Doc. Total Amount of Loans at Specified Bates of Interest. L oans on R ea l E sta te. Amount. $105,480 00 134,125 00 4,200 00 L oans on Shares. Rate. Amount. Rate. Amount. Rate. 5.25 per cent. 6.30 “ 6.60 $7,800 00 3,000 00 800 00 6.90 per cent. 7.20 “ 7.50 « $4,931 00 1,275 00 5.25 per cent. 6.30 “ April, 1890,. Oct., 1890, . April, 1891,. Oct., 1891, . April, 1892,. Oct., 1892,. April, 1893, . Oct., 1893,. April, 1894,. Oct., 1894,. April, 1895,. Oct., 1895,. April, 1896,. Oct., 1896, . April, 1897,. Oct., 1897,. April, 1898,. Oct., 1898, . April, 1899,. Oct., 1899, . April, 1900,. Oct., 1900,. April, 1901,. Oct., 1901,. 5 $197 39 6 185 74 174 43 7 8 163 46 9 152 81 10 142 49 11 132 44 12 122 69 13 113 27 14 104 16 15 95 29 16 86 68 78 30 17 18 70 20 62 32 19 54 68 20 21 47 24 22 40 05 23 33 07 24 26 28 19 70 25 26 13 31 7 08 27 28 1 00 57 63 67 99 49 84 65 107 109 100 135 126 132 180 305 289 268 322 427 270 711 476 604 529 Dues paid in advance, . Total, Total Value. Shares in Force. Value per Share. D ate op I ssu e. Series. Reconciliation of Share Account with Dues and Profits Capital. $11,251 11,701 11,686 16,182 7,487 11,969 8,608 13,127 12,346 10,416 12,864 10,921 10,335 12,636 19,007 15,802 12,660 12,896 14,120 7,095 14,006 6,335 4,276 529 23 62 81 54 69 16 60 83 43 00 15 68 60 00 60 52 32 10 89 60 70 56 32 00 Dues capital, as per general ledger, . $223,329 00 Profits capital, as per 42,689 95 general ledger, . 2,409 00 Unpaid dues, . 162 00 • $268,427 95 Total, Number of shares issued during the y e a r , ................................... 1,327 Number of shares now in f o r c e , .....................................................5,574 Number of shares now borrowed u p o n ,............................................1,421 Largest number of shares held by any one member, . . . .2 5 Number of shares withdrawn during the year, . . . . 1,235 Number of shares forfeited during the y e a r ,............................................9 Number of shares matured during the y e a r ,............................................101 Highest rate of premium or interest received on money sold during the year: 5^ per cent. Lowest rate of premium or interest received on money sold during the year: 5 | per cent. Rate of profits distributed: first term, 2^ per cent.; second term, 2£ per cent. Number of members withdrawn during the y e a r ,................................... 187 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $268,427 95 No. 8.] SAVINGS BANK COMMISSIONERS. 247 Present number of m em b ers,.........................................................................939 Present number of borrowers,......................................................................... 211 Present number of non-borrowers,...................................; 728 Number of loans secured by first mortgage of real estate, . . . 245 Number of loans on s h a r e s , ...........................................................................30 Largest loan to any one m e m b e r ,......................................................................$5,000 00 Smallest loan to any one m em ber,.................................................... ........ • 6 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 1,777 45 Date of examination by commissioner: February 14. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 248 REPORT OF THE [Pub. Doc. SANDWICH CO-OPERATIVE BANK — SAND WICH. Incorporated Oct. 1, 1885. Commenced business Dec. 15, 1885. W. H . H e a l d , Secretary and Treasurer. E d w a r d B. H o w l a n d , President. Names of security committee : E . S. T a l b o t , J o h n M cCa n n , L. S. N ye . Regular meetings the third Tuesday of each month. B a l a n c e S h e e t O ct . 31, 1901. A ssets. L ia b il it ie s . Loans on real estate, . . . $25,350 00 Loans on shares, . 350 00 Temporary expense account, 147 76 735 70 Real estate by foreclosure, . Unpaid interest, 236 59 Unpaid rent, . . . . 25 14 Unpaid fines, . . . . 23 62 11 09 Insurance account, Cash in hands of treasurer, . 4,197 01 • Dues capi tal, . . . . Profits capital (all series), . Interest, . . . . F i n e s , ................................... Transfer fees, Withdrawal profits, Guaranty fund, Surplus, . . . . R e n t , ................................... $31,076 91 $26,473 00 3,090 10 858 84 70 52 1 00 16 53 95 90 397 02 74 00 $31,076 91 Detailed Statement of Receipts and Disbursements for the Year endinq Oct. 3 1 ,1 9 0 1 . R e c e ip t s . From dues capital,. interest, fines, . . . . transfer fees, real estate loans repaid, share loans repaid, withdrawal profits, rent, . . . . insurance, Cash on hand Oct. 31, 1900, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis D is b u r s e m e n t s . $9,143 1,638 126 1 3,700 550 38 116 29 1,163 00 53 22 25 00 00 71 00 80 24 $16,506 75 For real estate loans, . share loans, . dues capital withdrawn, dues capital matured, profits capital withdrawn, profits capital matured, . temporary expenses, interest on m a t u r e d shares............................ insurance, taxes, . . . . Cash on hand Oct. 31, 1901, . $7,250 250 3,651 298 387 113 329 00 00 00 00 27 08 73 1 11 18 4,197 08 09 49 01 $16,506 75 No. 8.] SAYINGS BANK COMMISSIONERS 249 Total Amount of Loans at Specified Rates of Interest. L oans on R eal E sta te. Amount. $5,750 200 1,000 1,300 1,600 200 1,100 200 2,250 1,500 300 200 50 700 00 00 00 00 00 00 00 00 00 00 00 00 00 00 Rate. Amount. $100 1,350 400 1,950 550 300 950 150 1,000 1,350 100 50 450 300 5 per cent. f i “ 5è 5| 5| “ “ “ 5£ “ 6 “ 6 1-16“ 68 6$ “ 6| “ 6è 6 | “ “ 6| L oans on Sh a res. Rate. 00 00 00 00 00 00 00 00 00 00 00 00 00 00 Amount. 6Ï per cent. 7 71-16“ 74 “ 7i “ "è “ 7| 7| 7Ï « $200 00 50 00 100 00 Rate. 5 per cent. 6i “ 7| “ “ 8 “ “ 8à 85 “ “ 8 | “ 8 | “ 6 8 $200 74 9 190 24 10 179 95 169 90 11 160 09 12 150 42 13 140 96 14 15 131 71 122 69 16 113 88 17 105 28 18 96 91 19 88 70 20 21 80 74 72 96 22 23 65 35 24 57 96 25 50 73 44 83 26 37 95 27 28 31 24 24 70 29 18 31 30 12 08 31 32 6 00 June, 1889, . Dec., 1889,. June, 1890, . Dec., 1890, . June, 1891, . Dec., 1891, . June, 1892, . Dec., 1892, . June, 1893, . Dec., 1893, . June, 1894, . Dec., 1894, . June, 1895, . Dec., 1895, . June, 1896, . Dec., 1896, . June, 1897, . Dec , 1897, . May, 1898, . Nov., 1898, . May, 1899, . Nov., 1899,. May, 1900, . Nov., 1900, . May, 1901, . 4 1 2 3 6 9‘ 2 6 11 8 16 16 12 22 23 9 10 18 122 61 97 117 108 67 • • $1,204 760 179 339 480 902 1,268 263 736 1,252 842 1,550 1,419 968 1,605 1,503 521 507 806 4,629 1,905 2,395 2,142 1,304 402 44 96 95 80 27 52 64 42 14 68 24 56 20 88 12 05 64 30 94 90 64 90 27 64 00 Dues capital, as per general ledger, . Profits capital, as per general ledger, . Unpaid dues, . • $30,015 10 Total, Number of shares issued during the y e a r , ............................................188 Number of shares now in f o r c e , ............................................................. 756 Number of shares now borrowed u p o n ,.....................................................156 Largest number of shares held by any one member, . . . . 25 Number of shares withdrawn during the y e a r , ................................... 127 Number of shares matured during the year................................................2 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $26,473 00 3,090 10 452 00 121 00 Dues paid in advance, . Total, * Total Value. Shares in Force. Series. D Ia s t s e u eo . f Value per Share. Reconciliation of Share Account with Dues and Profits Capital. $30,015 10 250 REPORT OF THE [Pub. Doc Highest rate of premium or interest received on money sold during the year : 10J per cent. Lowest rate of premium or interest received on money sold during the year: 5 per cent. Rate of profits distributed: first term, per cent.; second term, per cent. Number of members withdrawn during the year.......................................18 Present number of m em b ers,......................................................................... 218 Present number of borrowers............................................................................. 69 Present number of non-borrowers,.................................................................149 Number of loans secured by first mortgage of real estate, . . . 73 Number of loans on s h a r e s , ............................................................................. 6 Largest loan to any one m e m b e r ,...................................................................... $1,300 00 Smallest loan to any one m em ber,...................................................................... 50 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 329 73 Date of examination by commissioner: July 11. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] SAYINGS BANK COMMISSIONERS. 251 SECURITY CO-OPERATIVE BANK —BROCKTON. Incorporated Dec. 17, 1877. Commenced business Dec. 20, 1877. B r a d fo r d E. J o n e s , President. H e n r y C. G u r n e y , Secretary. F r e d B . H o w a r d , Treasurer. Names of security committee: L o r e n z o F. S e v e r a n c e , W i l l ia m H. S a v a g e , T h a d d e u s E. G i f f o r d . Regular meetings the third Thursday of each month. B a l a n c e S h e e t O ct . 31, 1901. A ssets. L ia b il it ie s . Loans on real estate, $163,875 00 Loans on shares, . 3,725 00 100 00 Permanent expense account, . Temporary expense account, 435 26 Real estate by foreclosure, . 2,757 29 Unpaid interest, 1,247 40 Unpaid premiums,. 157 40 Unpaid fines, . . . . 61 57 Cash in hands of secretary, . 50 37 Cash in hands of treasurer, . 10,704 27 Dues capital, . . . . $161,961 00 Profits capital (all series), . 14,189 95 Interest,................................... 4,113 23 Premiums, . . . . 452 58 F i n e s , ................................... 106 59 Transfer fees, 50 Withdrawal profits, 207 41 Guaranty fund, 1,200 00 Surplus, . . . . 855 79 Forfeited share account, 26 51 $183,113 56 $183,113 56 Detailed Statement of Receipts and Disbursements for the Year ending Oct. 3 1 ,1 9 0 1 . R e c e ip t s . D is b u r s e m e n t s . From dues capital,. $79,213 00 interest, 11,032 47 premiums, . 1,118 08 259 84 fines, . . . . transfer fees, 2 00 real estate loans repaid. 28,325 00 real estate loans eliminated by maturity of 5,250 00 shares, share loans repaid, 7,364 00 402 22 withdrawal profits, real estate by foreclos6,304 50 ure, . . . . 8,089 01 Cash on hand Oct. 31, 1900, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $147,360 12 For real estate loans, share loans, . dues capital withdrawn, dues capital retired, dues capital matured, profits capital withdrawn, profits capital retired, profits capital matured, . temporary expenses, interest on retired shares, interest on m a t u r e d shares, . . . . real estate by foreclosure, Cash on hand Oct. 31, 1901, . $25,150 5,340 17,881 68,361 4,501 1,539 9,691 1,883 1,544 438 00 00 00 00 00 32 43 52 01 52 95 36 180 32 10,754 64 $147,360 12 252 REPORT OF THE [Pub. Doc. Total Amount of Loans at Specified Rates of Interest. L oans on R eal E state. Amount. $163,675 00 Kate. 6.60 per cent, L oans on Sh a res. Amount. j $200 00 Rate. Amount. Rate. 6.90 per cent., $3,725 00 6.60 per cent. Dec., Dec., Dec , June, Dec., June, Dec., June, Dec., June, Dec., June, Dec., June, Dec., June, Dec., June, Dec., June, 1890, . 1891, . 1892, . 1893, . 1893, . 1894, . 1894, . 1895, . 1895,. 1896, . 1896, . 1897, . 1897, . 1898, . 1898, . 1899, . 1899, . 1900, . 1900, . 1901, . 14 $178 58 21 15 29 156 77 16 136 32 32 8 126 57 17 18 117 14 25 19 108 02 29 20 99 15 22 21 90 60 26 22 82 28 61 23 74 22 70 24 66 39 51 25 58 79 36 26 51 41 672 44 24 27 395 28 37 27 563 29 30 46 481 30 23 82 797 31 625 17 36 32 11 09 1,308 33 5 00 1,151 Dues paid in advance, . Total, • . Total Value. Shares in Force. Series. Date op I ssu e. Value per Share. Reconciliation of Share Account with Dues and Profits Capital. $3,750 4,546 4,362 1,012 2,928 3,132 2,181 2,355 5,019 5,195 3,385 2,116 34,547 17,474 20,983 14,651 18,984 10,850 14,505 5,755 18 33 24 56 50 58 30 60 08 40 89 44 52 80 01 26 54 00 72 00 Dues capital, as per general ledger, . $161,961 00 Profits capital, as per general ledger, . 14,189 95 Unpaid dues, . 1,744 00 157 00 $177,894 95 Total, Number of shares issued during the year, 2,602 Number of shares now in force.................................. 6,402 Number of shares now borrowed upon, . 1,136 Largest number of shares held by any one member, 25 Number of shares withdrawn during the year, 765 Number of shares retired during the year, 1,164 Number of shares matured during the year, . 32 Highest rate of premium or interest received on money sold during the year 10 cents premium. Lowest rate of premium or interest received on money sold during the year : 10 cents premium. Rate of profits distributed : first term, 3 per cent. ; second term, 3 per cent. Number of members withdrawn during the year, . 132 Present number of m em b ers,............................................ 838 Present number of borrowers,............................................ 161 Present number of non-borrowers,................................... 677 Number of loans secured by first mortgage of real estate, 175 Number of loans on s h a r e s , ............................................ 41 Largest loan to any one m e m b e r ,................................... Smallest loan to any one member,................................... Amount of expenses of the corporation for the year ending Oct. 31, 1901, Date of examination by commissioner: April 4. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $177,894 95 $5,000 00 10 00 1,544 01 No. 8.] SAYINGS BANK COMMISSIONERS. 253 SOMERVILLE CO-OPERATIVE BANK — SOMERVILLE. v Incorporated May 4,1880. J. F r a n k W e l l in g t o n , President. Commenced business June 7, 1880. H . B . C h a s e , Secretary and Treasurer. Names of security committee : B e n j a m in F . T h o m p so n , I re so n B . W a l k e r , N athan H . R e e d . Regular meetings the first Monday of each month. B a la n c e S h e e t O ct . 31, 1901. A ssets. L ia b il it ie s . $506,538 00 Loans on real estate, 27,895 00 Loans on shares, . 400 00 Permanent expense account,. 103 60 Temporary expense account, 14,860 23 Real estate by foreclosure, . 12,400 00 Mortgages, . . . . 30,000 00 City and town notes, 18,199 03 Cash in hands of treasurer, . Dues capital, Profits capital (all series), . Interest, . . . . Premiums, . . . . F i n e s , ................................... Transfer fees, Withdrawal profits, Guaranty fund, . Surplus, . . . . Forfeited share account, $610,395 86 $512,138 84,760 2,837 9 140 94 4,800 5,457 158 00 50 42 02 69 25 06 00 66 26 $610,395 86 Detailed Statement of Receipts and Disbursements fo r the Year ending Oct. 3 1 ,1 9 0 1 . R e c e ip t s . D is b u r s e m e n t s . $135,502 00 From dues capital,. 31,279 45 interest, premiums, . 137 03 fines, . . . . 1,477 41 transfer fees, 3 50 90,378 75 real estate loans repaid, real estate loans elimi15,445 12 nated by foreclosure, real estate loans eliminated by maturity of 8,600 00 shares, share loans repaid, 13,725 00 withdrawal profits, 559 37 10 22 forfeiture profits, . 110 65 forfeited shares, . real estate by foreclos5,342 51 ure, . . . . 25,604 10 town notes, . 26 00 security committee, 616 11 Cash on hand Oct. 31, 1900, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $328,817 22 For real estate loans, . share loans, . dues capital withdrawn, dues capital forfeited, dues capital retired, dues capital matured, profits capital withdrawn, profits capital forfeited, . profits capital retired, profits capital matured, . temporary expenses, forfeited shares, interest on retired shares, real estate by foreclosure, city and town notes, mortgage, security committee, finance committee, . Cash on hand Oct. 31, 1901,. $91,961 17,570 58,117 859 39,174 21,733 9,131 90 8,540 9,074 2,061 113 583 16,630 30,000 4,600 266 111 18,199 87 00 00 00 00 00 25 63 96 12 11 65 80 80 00 00 00 00 03 $328,817 22 254 [Pub. Doc REPORT OF THE Total Amount of Loans at Specified Bates of Interest. L oans on R eal E sta te. L oans on Sh a res. Amount. Rate. Amount. Rate. $381,188 00 36,400 00 54,000 00 5.00 per cent. 5.25 “ 5.50 “ $2,300 00 32,650 00 5.75 per cent. 6.30 “ Amount. $26,220 425 200 250 800 00 00 00 00 00 Rate. 5.00 per cent. 5.25 “ 5.50 » 6.00 “ 6.30 “ April, 1890,. Oct., 1890,. April, 1891,. Oct., 1891,. April, 1892,. Oct., 1892,. April, 1893,. Oct., 1893,. April, 1894,. Oct., 1894,. April, 1895,. Oct., 1895,. April, 1896, . Oct., 1896, . April, 1897, . Oct., 1897, . April, 1898, . Oct., 1898,. April, 1899,. Oct., 1899,. April, 1900,. Oct., 1900,. April, 1901, . Oct., 1901,. V a lu e . Total Shares i n Force. Value per Share. D ate op I ssu e. Series. Reconciliation of Share Account with Dues and Profits Capital. 84 $16,191 84 Dues capital, as per gen21 $192 76 82 22 181 43 eral ledger, . $512,138 00 14,877 26 170 42 134 23 22,836 28 Profits capital, as per 84,760 50 159 68 113 24 18,043 84 general ledger, . 92 3,352 00 149 34 13,739 28 Unpaid dues, . 25 112 139 32 26 15,603 84 129 58 106 13,735 48 27 115 13,819 55 28 120 17 111 02 47,405 54 29 427 37,492 72 30 102 16 367 93 54 503 47,050 62 31 32 48,302 73 85 19 567 35,239 27 33 457 77 11 34 69 24 555 38,428 20 61 60 730 35 44,968 00 36 54 17 462 25,026 54 46 94 35,533 58 757 37 38 39 88 746 29,750 48 39 811 33 00 26,763 00 40 26 29 555 14,590 95 41 19 73 1,009 19,907 57 782 10,424 06 42 13 33 43 7 09 1,243 8,812 87 44 1 00 1,004 1,004 00 Dues paid in advance, . Total, . 703 00 • $600,250 50 Total, Number of shares issued during the y e a r , ................................... 2,505 Number of shares now in force............................................................ 11,813 Number of shares now borrowed u p o n ,............................................ 3,426 Largest number of shares held by any one member, . . . . 25 Number of shares withdrawn during the year, . . . . 1,404 Number of shares forfeited during the y e a r ,............................................73 Number of shares retired during the y e a r , ............................................417 Number of shares matured during the y e a r ,............................................ 151 Highest rate of premium or interest received on money sold during the year: 5 per cent. Lowest rate of premium or interest received on money sold during the year: 5 per cent. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $600,250 50 No. 8.] SAYINGS BANK COMMISSIONERS. Rate of profits distributed: first term, 2£ per cent.; second term, per cent. Number of members withdrawn during the year, . . . . . 207 Present number of m em b ers,............................................................. 1,395 Present number of borrowers,............................................................. . 378 Present number of non-borrowers,..................................................... 1,017 Number of loans secured by first mortgage of real estate, . 262 Number of loans on s h a r e s , ............................................................. . 116 Largest loan to any one m e m b e r ,..................................................... . , Smallest loan to any one m em ber,.................................................... Amount of expenses of the corporation for the year ending Oct. 31, 1901, . Date of examination by commissioner : January 28. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 255 $5,000 00 50 00 2,161 11 256 REPORT OF THE [Pub. Doc SOUTH FRAMINGHAM CO-OPERATIVE BANK — SOUTH FRAMINGHAM. Incorporated April 16, 1889. Commenced business May 6, 1889. H a r r ie L. D a v e n p o r t , Secretary and Treasurer. A l f r e d M. E a m e s , President. Names of security committee: J o sh u a Sm it h , Sa m u el 0 . St a pl e s , E l e a z e r G o u l d in g . Regular meetings the first Monday of each month. B a l a n c e S h e e t O ct . 31, 1901. • A ssets. L ia b il it ie s . Loans on real estate, $205,895 00 7,255 00 Loans on shares, . 3,500 00 Real estate by foreclosure, Mortgages................................. 3,600 00 289 76 Unpaid interest, 28 28 Unpaid fines, . . . . Cash in hands of treasurer, . 3,617 43 Dues capital............................. Profits capital (all series), . Interest,................................... Guaranty fund, Surplus..................................... Forfeited share account, Personal account, . f224,185 47 $191,282 27,170 11 2,025 2,791 745 159 00 62 72 00 70 27 16 $224,185 47 Detailed Statement of Receipts and Disbursements fo r the Year ending Oct. 3 1 ,1 9 0 1 . R e c e ip t s . From dues capital,. interest, fines, . . . . real estate loans repaid, real estate loans eliminated by foreclosure, share loans repaid, forfeited shares, . real estate by foreclosure, . . . . personal account, retired share account, . matured share account, rent, . . . . temporary expense account, real estate by foreclosure, . . . . Cash on hand Oct. 31, 1900, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis D is b u r s e m e n t s . $69,573 12,042 405 42,865 00 04 62 00 4,400 00 5,675 00 638 50 4,592 6 19,193 7,596 276 83 00 60 84 16 129 50 2,800 00 272 45 |f 170,466 54 For real estate loans, . share loans, . dues capital withdrawn, dues capital forfeited, dues capital retired, dues capital matured, . profits capital withdrawn, profits capital forfeited, . profits capital retired, profits capital matured, . temporary expenses, interest on retired shares, real estate by foreclosure, personal account, . retired share account, matured share account, . real estate by foreclosure, mortgage, Cash on hand Oct. 31,1901, . $56,200 00 6,300 00 34,205 00 848 00 13,819 00 5,328 00 4,069 71 72 10 5,139 65 2,268 84 1,435 33 234 95 4,592 83 6 00 19,193 60 7,596 84 2,939 26 2,600 00 3,617 43 $170,466 54 No. 8.] 257 SAYINGS BANK COMMISSIONERS. Total Amount of Loans at Specified Rates of Interest. Loans on Sh a k es. L oans on R eal E sta te. Amount. $48,550 4,700 124,850 21,700 Amount. R a te . 00 00 00 00 5 per cent. 5è “ 6 6| “ $3,495 00 1,500 00 1,100 00 6;i per cent. 6S “ 6 | Rate. Amount. Rate. $3,330 00 3,925 00 5 per cent. 6 “ “ Nov., 1889, May, 1890, Nov., 1890, May, 1891, Nov., 1891, May, 1892, Nov., 1892, May, 1893, Nov., 1893, Mav, 1894, Nov., 1894, May, 1895, Nov., 1895, Mav, 1896, Nov., 1896, May, 1897, Nov., 1897, May, 1898, Nov., 1898, May, 1899, Nov., 1899, Mav, 1900, Nov., 1900, May, 1901, . . . . . . . . . . . . . . . . . . . . . . . . 2 $204 47 192 77 3 181 43 4 170 42 5 6 159 71 149 31 7 8 139 22 9 129 44 119 93 10 110 69 11 12 101 74 93 04 13 84 61 14 76 41 15 68 43 16 60 68 17 18 53 19 19 45 91 38 84 20 31 96 21 22 25 25 18 70 23 12 31 24 6 08 25 2 9 43 25 57 23 44 86 76 41 32 64 113 188 109 232 353 240 410 384 771 711 797 847 $408 1,734 7,801 7,260 9,103 3,434 6,125 11,131 9,114 4,538 3,255 5,954 9,560 14,365 7,458 14,077 18,776 11,018 15,924 12,272 19,467 13,295 9,811 5,149 94 93 49 50 47 13 68 84 68 29 68 56 93 08 87 76 07 40 40 64 75 70 07 76 Dues capital, as per general ledger, . $191,282 00 Profits capital, as per 27,170 62 general ledger, . Unpaid dues, . 397 00 807 00 Dues paid in advance, . Total, Total Value. Issu e . Shares in Force. ate of Series. D Value per Share. Reconciliation of Share Account with Dues and Profits Capital. • $218,849 62 Total, Number of shares Issued during the y e a r , ................................... 1,832 Number of shares now in f o r c e , .....................................................5,657 Number of shares now borrowed u p o n ,............................................ 1,355 Largest number of shares held by any one member, . . . . 25 Number of shares withdrawn during the year, . . . . 1,190 Number of shares forfeited during the y e a r ,............................................ 47 Number of shares retired during the y e a r , ............................................102 Number of shares matured during the year............................................... 37 Highest rate of premium or interest received on money sold during the year: 6 per cent. Lowest rate of premium or interest received on money sold during the year : 5 per cent. Rate of profits distributed: first term, 2£per cent.; second term, 2£ per cent. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $218,849 62 258 REPOST OF THE [Pub. Doc. Number of members withdrawn during the y e a r ,................................... 173 Present number of m em b ers,......................................................................... 733 Present number of borrowers,..........................................................................191 Present number of non-borrowers,................................................................. 542 Number of loans secured by first mortgage of real estate, . . .180 Number of loans on s h a r e s , ........................................................................... 48 Largest loan to any one m e m b e r ,...................................................................... $5,000 00 20 00 Smallest loan to any one member......................................................................... Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 1,405 83 Date of examination by commissioner: January 24. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.J SAYINGS BANK COMMISSIONERS. 259 SO U T H SH O R E C O -O P E R A T IV E B A N K — W E Y M O U T H . Incorporated April 18, 1890. J o e l F. S h e p p a r d , President. Commenced business May 5, 1890. C h a r l e s G . S h e p p a r d , Secretary and Treasurer. Names of security committee: G eo rg e H . Bic k n e l l , H ow ard P oole, D a v id J . P i e r c e . Regular meetings the first Monday of each month B a la n c e S h e e t O ct 31, 1901. A ssets. Loans on real estate, Loans on shares, . Real estate by foreclosure, . Unpaid interest, Unpaid premiums, Unpaid fi nes, . . . . Cash in hands of treasurer, . L ia b il it ie s . $81,450 3,950 1,560 217 00 00 15 90 6 35 29 85 5,071 8 8 Dues capital, Profits capital (all series), . Guaranty fund, . Surplus, . . . . $92,286 13 $74,790 15,479 442 1,574 00 36 00 77 $92,286 13 Detailed Statement of Receipts and Disbursements fo r the Year ending Oct. 3 1 ,1 9 0 1 . D R e c e ip t s . From dues capital, interest, premiums, . fines, . . . . transfer fees, real estate loans repaid, share loans repaid, withdrawal profits, rents, . . . . Cash on hand Oct. 31, 1900, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $18,403 4,544 79 152 00 57 50 99 50 9,500 00 1 ,2 0 0 00 375 71 163 00 8,399 29 $42,818 56 is b u b s e m e n t s . For real estate loans, . share loans, . dues capital withdrawn, dues capital retired, profits capital withdrawn, profits capital retired, temporary expenses, forfeited shares, interest on retired shares, Cash on hand Oct. 31, 1901, $15,050 0 0 2,050 0 0 8,218 0 0 7,524 0 0 1,506 55 2,839 86 514 87 16 00 27 40 5,071 8 8 $42,818 56 [Pub. Doc R EPO R T O F TH E 260 Total Amount of Loans at Specified Bates of Interest. L oans on Sha res. L oans on R ea l E sta te. R a te . $53,650 00 2,600 00 9,800 00 11,600 00 5.00 per cent. 5.25 “ 6 .0 0 “ 6.30 “ A m o u n t. R a te . A m o u n t. A m o u n t. 6.60 per cent. 6.90 “ 7 .2 0 “ $1,900 00 1,300 00 600 0 0 $1,900 00 1,150 00 900 00 R a te . 5.00 per cent. “ 6.30 “ 6 .0 0 . . . . . . . . . . . . . . . . . . . . . . . 20 21 22 $197 184 173 162 151 141 131 121 111 102 94 85 77 69 61 53 46 39 32 25 18 12 23 6 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 Dues paid in advance, . Total, • • 39 71 36 28 59 22 15 40 99 84 00 44 11 04 19 58 19 00 03 27 70 31 08 17 6 42 19 40 47 17 39 33 39 87 55 65 41 63 123 64 77 85 128 139 128 187 • Total Value. Shares in Force. Series. D a te oe I ssu e. May, 1890, Nov., 1890, May, 1891, Nov., 1891, May, 1892, Nov., 1892, May, 1893, Nov., 1893, May, 1894, Nov., 1894, May, 1895, Nov., 1895, May, 1896, Nov., 1896, May, 1897, Nov., 1897, May, 1898, Nov., 1898, May, 1899, Nov., 1899, May, 1900, Nov., 1900, May, 1901, Value per Share. Reconciliation of Share Account with Dues and Profits Capital. $3,355 1,108 7,281 3,083 6,063 6,637 2,229 4,734 3,695 4,010 8,178 4,699 5,012 2,830 3,854 6,590 2,956 3,003 2,722 3,234 2,599 1,575 1,136 63 26 12 32 60 34 55 60 67 76 Dues capital, as per general ledger, . Profits capital, as per general ledger, . Unpaid dues, . 15,479 36 356 00 00 20 15 64 97 34 16 00 55 56 30 68 96 32 00 $90,625 36 Total, Number of shares issued during the y e a r , ............................................... 353 Number of shares now in force......................................................................1,541 Number of shares now borrowed upon........................................................... 495 Largest number of shares held by any one member, . . . . 25 Number of shares withdrawn during the y e a r , .......................................184 Number of shares retired during the y e a r , ................................................. 60 Highest rate of premium or interest received on money sold during the year: 5 per cent. Lowest rate of premium or interest received on money sold during the year: 5 per cent. Rate of profits distributed: first term, 2£ per cent.; second term, 2£ per cent. Number of members withdrawn during the y e a r ,................................... 34 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $74,790 00 $90,625 36 No. 8.] SAYINGS BANK COMMISSIONERS. 261 Present number of m em b ers,......................................................................... 238 Present number of b o r r o w e r s , .................................................................. 75 Present number of non-borrowers,............................................................ 163 Number of loans secured by first mortgage of real estate, . . . 72 Number of loans on s h a r e s , ........................................................................... 27 Largest loan to any one m e m b e r ,......................................................................$4,600 00 Smallest loan to any one m em ber,...................................................................... 50 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 514 87 Date of examination by commissioner: January 21. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis I 262 REPO R T O F T H E [Pub. Doc. SO U T H W E Y M O U T H C O -O P E R A T IV E B A N K — SO U T H W EYM OUTH. Incorporated Feb. 28, 1889. Commenced business March 9, 1889. A . F e n t o n B u l l o c k , President. F r a n k H. R ic h a r d s , Secretary. E l l is J . P i t c h e r , Treasurer. Names of security committee: Louis A . C o ok , J am es F . F r a w l e y , F r a n c is F. B u l l o c k , J o h n H. S t e t so n , C h a r l e s H. C l a p p . Regular meetings the second Saturday of each month. B a la n c e S h e e t O ct . 31, 1901. A ssets. Loans on real estate, Loans on shares, . Temporary expense account, Real estate by foreclosure, . Unpaid fines............................. Personal accounts,. Cash in hands of treasurer, . L ia b il it ie s . $68,850 5,275 7 11,030 17 3,471 659 00 00 50 35 90 94 21 Dues capital, Profits capital (all series), . Interest, . . . . Premiums, . . . . Transfer fees, Withdrawal profits, Forfeiture profits, Guaranty fund, . Surplus, . . . . Forfeited share account, Personal account, $89,311 90 $72,650 00 14,812 92 208 79 6 30 25 42 38 3 97 8 8 8 37 670 48 23 40 5 04 $89,311 90 Detailed Statement of Receipts and Disbursements for the Year endinq Oct. 3 1 ,1 9 0 1 . R e c e ip t s . From dues capital,. interest, premiums, . fines, . . . . transfer fees, real estate loans repaid, real estate loans eliminated by foreclosure, real estate loans eliminated by maturity of shares, share loans repaid, withdrawal profits, forfeiture profits, . real estate by foreclosure............................... tax account, . security committee, suspense account, personal accounts, Cash on hand Oct. 31, 1900, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis D is b u r s e m e n t s . $20,735 00 5,443 70 163 81 258 46 75 10,500 0 0 9,650 00 1,500 00 1,300 00 246 96 34 95 205 144 00 02 2 20 150 0 0 For real estate loans, . share loans, . dues capital withdrawn, dues capital forfeited, dues capital retired, dues capital matured, profits capital withdrawn, profits capital forfeited, . profits capital retired, profits capital matured, . temporary expenses, interest on retired shares, real estate by foreclosure, interest, . . . . security committee, suspense account, . personal accounts, . Cash on hand Oct. 31, 1901, . $8,175 00 2 ,2 0 0 0 0 8,664 943 10,184 3,174 985 139 4,269 1,442 325 205 8,920 37 4 480 3,528 659 00 00 00 00 25 11 25 24 54 15 93 20 50 00 27 21 3,756 33 245 47 $54,336 65 $54,336 65 No. 8.] 263 SAYINGS BANK COMMISSIONERS Total Amount of Loans at Specified Bates of Interest. L oans on Sh a r es. L oans on R eal E sta te. Amount. $51,050 00 8,675 00 1,625 00 per cent. 6 .0 0 6.30 6.60 Rate. Amount. 6.90 per cent. 7 .2 0 “ « $4,675 00 Amount. Rate. $4,850 00 2,450 00 “ 7.50 200 00 200 00 200 00 200 00 Rate. 6 .0 0 6.30 6.60 7 .2 0 per cent. “ « “ Sept., 1890, . Mar., 1891, . Sept., 1891, . Mar., 1892, . Sept., 1892, . Mar., 1893, . Sept., 1893, . Mar., 1894, . Sept., 1894, . Mar., 1895, . Sept., 1895, . Mar., 1896, . Sept., 1896, . Mar., 1897,. Sept., 1897, . Mar., 1898, . Sept., 1898, . Mar., 1899, . Sept., 1899, . Mar., 1900, . Sept., 1900, . Mar., 1901, . Sept., 1901, . 4 $190 75 179 10 5 167 88 157 0 2 7 146 40 8 9 136 13 126 12 10 11 116 53 12 107 16 98 05 13 14 89 24 80 66 15 72 36 16 64 29 17 18 56 47 48 91 19 41 55 20 34 44 21 22 27 55 2 0 86 23 14 38 24 8 10 25 2 00 26 6 Dues paid in advance, Total, • . 22 30 15 36 48 51 4 34 19 28 47 49 21 102 67 90 118 206 134 185 138 108 181 Total Value. Shares in Force. Series. D ate of Issu e. Value per Share. Reconciliation of Share Account with Dues and Profits Capital. $4,196 5,373 2,518 5,652 7,027 6,942 504 3,962 2,036 2,745 4,194 3,952 1,519 6,557 3,783 4,401 4,902 7,094 3,691 3,859 1,984 874 362 50 00 20 72 20 63 48 02 04 40 28 34 56 58 49 90 90 64 70 10 44 80 00 Dues capital, as per general ledger, . Profits capital, as per general ledger, . Unpaid dues, . 14,812 92 714 00 40 00 $88,176 92 Total, Number of shares issued during the y e a r , ............................................ 320 Number of shares now in f o r c e , .....................................................1,733 Number of shares now borrowed u p o n ,.....................................................426 Largest number of shares held by any one member, . . . . 25 Number of shares withdrawn during the y e a r , ................................... 311 Number of shares forfeited during the y e a r ,............................................ 69 Number of shares retired during the y e a r , ............................................ 75 Number of shares matured during the year................................................23 Highest rate of premium or interest received on money sold during the year: 2 0 cents premium. Lowest rate of premium or interest received on money sold during the year: 6 per cent. Rate of profits distributed: first term, 3 per cent.; second term, 3 per cent. Number of members withdrawn during the y e a r ,................................... 56 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $72,650 00 $88,176 92 264 REPORT OF THE [Pah. Doc. Present number of m em b ers,......................................................................... 287 Present number of borrowers,........................................................................... 91 Present number of non-borrowers....................................................................196 Number of loans secured by first mortgage of real estate, . . .109 Number of loans on s h a r e s , ........................................................................... 39 Largest loan to any one m e m b e r ,...................................................................... $4,000 00 Smallest loan to any one m em ber,...................................................................... 25 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901, . , 325 54 Date of examination by commissioner : April 9. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] 265 SAYINGS BANK COMMISSIONERS SPRINGFIELD CO-OPERATIVE B A N K —SPRINGFIELD. Incorporated April 13, 1882. Commenced business May 9, 1882. E. S. B a t c h e l d e b , Secretary. C. H . C h u r c h i l l , Treasurer. I r a B . A l l e n , President. Names of security committee : S. D. S h e r w o o d , L. C. S c h e n in g , C. H. C h u r c h i l l . Regular meetings the second Tuesday of each month. B a la n c e S h e e t O ct . 31, 1901. L ia b il it ie s . A ssets. $378,675 00 Loans on real estate, 36,575 00 Loans on shares, 119 10 Permanent expense account, . 17,482 16 Real estate by foreclosure, . 1,882 88 Unpaid interest, 210 32 Unpaid fines, . . . . 61 90 Personal account, . 50 Withdrawal profits, 45,068 21 Cash in hands of treasurer, . Dues capi tal , . . . . Profits capital (all series), Forfeiture profits, . Guaranty fund, Surplus, . . . . Forfeited share account, . $405,981 00 67,117 44 10 10 3,470 34 3,313 20 182 99 $480,075 07 $480,075 07 Detailed Statement of Receipts and Disbursements fo r the Year ending Oct. 3 1 ,1 9 0 1 . D is b u r s e m e n t s . R e c e ip t s . $109,325 00 From dues capital, . 23,105 46 interest, . 924 37 fines................................. 9 50 transfer fees, 94,300 00 real estate loans repaid, real estate loans elimi12,400 00 nated by foreclosure, 20,310 00 share loans repaid, 1,220 94 withdrawal profits, 32 32 forfeiture profits, . real estate by foreclos10,625 98 ure, . . . . 36 85 expense account, . 50 profit account, 23,859 26 Cash on hand Oct 31, 1900, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $296,150 18 For real estate loans, share loans, dues capital withdrawn, dues capital forfeited, . dues capital retired, profits capital withdrawn, profits capital forfeited, . profits capital retired, temporary expenses, permanent expenses, interest on retired shares, real estate by foreclosure, interest refunded, . withdrawal profits, Cash on hand Oct. 31, 1901, . $73,275 27,085 57,764 869 52,673 9,381 94 13,264 1,920 119 195 14,420 19 00 00 00 00 00 42 44 21 86 10 55 38 51 50 45,068 21 $296,150 18 [Pub. Doc REPORT OF THE 266 Total Amount of Loans at Specified Rates of Interest. L oans on Shakes. Loans on R eal E sta te. ' Amount. Rate. $376,475 00 5.00 per cent. 1 $ 2 ,2 0 0 6 .0 0 00 Rate. Amount. Rate. Amount. per cent. $36,500 00 75 00 5.00 per cent. “ 6 .0 0 Feb., 1890, . Aug., 1890, . Feb., 1891, . May, 1891, . Aug., 1891, . Nov., 1891, . May, 1892, . Aug., 1892, . Nov., 1892, . Feb., 1893, . May, 1893, . Aug., 1893, . Nov., 1893, . Feb., 1894, . May, 1894, . Aug., 1894, . Nov., 1894, . Feb., 1895, . May, 1895, . Aug., 1895, . Nov., 1895, . Feb., 1896, . May, 1896, . Aug., 1896, . Nov., 1896, . Feb., 1897, . Mav, 1897, . Aug , 1897, . Nov., 1897, . Feb., 1898, . May, 1898, . Aug., 1898, . Nov., 1898, . Feb., 1899, . May, 1899, . Aug., 1899, . Nov., 1899, . Feb., 1900, . May, 1900, . Aug., 1900, . Nov., 1900, . Feb., 1901, . May, 1901, . 17 $202 56 19 190 42 178 79 173 17 23 167 62 24 162 20 26 151 39 146 17 27 28 141 00 29 135 96 130 93 30 31 125 99 32 121 2 2 33 116 40 34 111 74 35 107 13 36 102 58 98 11 37 38 93 69 39 89 36 40 85 11 80 89 41 42 76 75 43 72 69 44 6 8 70 64 72 45 60 84 46 47 57 04 48 53 31 49 49 58 50 45 94 42 38 51 52 38 86 53 35 34 54 31 92 55 28 55 56 25 22 21 92 57 58 18 68 59 15 46 60 12 30 61 9 16 62 6 06 15 14 10 12 21 22 Dues paid in advance, . Total, • https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis • 7 22 6 31 17 6 12 127 172 164 184 138 203 247 248 235 89 209 297 217 215 351 418 303 479 442 114 143 357 166 259 204 126 330 346 391 446 603 288 . Total Value. Shares in Force. Series. D ate of Issu e. Value per Share. Reconciliation of Share Account with Dues and Profits Capital. $3,038 40 Dues capital, as per gen2,665 88 eral ledger, . 1,787 90 Profits capital, as per 2,078 04 general ledger, . 1,173 34 Unpaid dues, . 3,568 40 908 34 4,531 27 2,397 00 815 76 1,571 16 16,000 73 20,849 84 19,089 60 20,560 16 14,783 94 20,823 74 24,233 17 23,235 12 20,999 60 7,574 79 16,906 01 22,794 75 15,773 73 14,770 50 22,716 72 25,431 12 17,283 12 25,535 49 21,914 36 5,237 16 6,060 34 13,873 02 5,866 44 8,267 28 5,824 20 3,177 72 7,233 60 6,463 28 6,044 86 5,485 80 5,523 48 1,745 28 $405,981 00 67,117 44 3,785 00 269 00 $476,883 44 Total, $476,883 44 No. 8.] SAYINGS BANK COMMISSIONERS 267 Number of shares issued during the y e a r , ................................... 1,518 Number of shares now in f o r c e , .................................................... 8,663 Number of shares now borrowed u p o n ,............................................2,755 Largest number of shares held by any one member, . . . . 25 Number of shares withdrawn during the year..................................1,415 Number of shares forfeited during the y e a r ,............................................62 Number of shares retired during the y e a r , ............................................ 574 Highest rate of premium or interest received on money sold during the year: 5 per cent. Lowest rate of premium or interest received on money sold during the year: 5 per cent. Rate of profits distributed : first term, 1 | per cent.; second term, 1J per cent.; third term, 2 £ per cent. Number of members withdrawn during the y e a r ,................................... 175 Present number of m em b ers,.......................................................................1,226 Present number of borrowers,. ............................................................. 328 Present number of non-borrowers,.................................................................898 Number of loans secured by first mortgage of real estate, . . . 265 Number of loans on s h a r e s , ......................................................................... 176 Largest loan to any one m e m b e r ,...................................................................... $5,000 00 Smallest loan to any one m em ber,...................................................................... 25 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 1,884 01 Date of examination by commissioner : October 2. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis [Pub. Doc REPORT OF THE 268 S T O N E H A M C O -O P E R A T IV E B A N K - S T O N E H A M . Incorporated Jan. 10, 1887. Commenced business Feb. 1, 1887. G e o r g e N. G r e e n , Secretary and Treasurer. W il l ia m B. S n o w , President. Names of security committee: A rthur H . Cow drey, S id n e y A . H i l l , O l iv e r H . M a r s t o n . Regular meetings the first Tuesday of each month. 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. $139,200 00 Loans on real estate, 12,400 00 Loans on shares, . Real estate by foreclosure, 11,351 95 Mortgages, . 3,000 00 Unpaid interest, 711 73 Unpaid fines, . . . . 91 87 Cash in hands of treasurer, . 1,426 31 $168,181 Dues capi tal , . . . . Profits capital (all series), . Guaranty fund, Surplus,................................... Forfeited share account, 86 $139,200 25,686 1,550 1,678 66 00 33 00 76 77 $168,181 86 Detailed Statement of Receipts and Disbursements fo r the Year ending Oct. 3 1 ,1 9 0 1 . R e c e ip t s . D is b u r s e m e n t s . From dues capital,. $32,925 00 For real estate loans, interest, 7,556 83 share loans, . dues capital withdrawn, fines................................ 199 77 transfer fees, 1 25 dues capital forfeited, . dues capital retired,. real estate loans repaid, 12,950 CO dues capital matured, real estate loans elimi1 ,0 0 0 0 0 nated by foreclosure, profits capital withdrawn, share loans repaid, 12,400 00 profits capital forfeited, . withdrawal profits, 1 1 0 17 profits capital retired, 5 00 forfeiture profits, . profits capital matured, . rents, . . . . 406 00 temporary expenses, Cash on hand Oct. 31, 1900, . interest on retired shares, 681 57 interest on m a t u r e d shares, . . . . real estate by foreclosure, taxes and maintaining real estate, . Cash on hand Oct. 31, 1901, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $68,235 59 $20,050 10,500 18,116 189 4,991 3,921 3,360 34 1,845 1,726 517 00 00 00 00 00 00 07 30 80 41 91 111 0 0 35 76 898 24 512 79 1,426 31 $68,235 59 No. 8.] SAYINGS BANK COMMISSIONERS. 269 Total Amount of Loans at Specified Rates of Interest. L oans on R eal E state. Rate. Amount. $139,200 00 L oans on S hares. Amount. Rate. Amount. - - $12,400 00 5 per cent. Rate. 5 per cent. . . . . . . . . . . . . . . . . . . . . . . . $192 181 170 159 148 138 128 119 110 8 9 10 11 12 13 14 15 16 17 18 19 24 54 49 38 37 56 29 46 79 104 109 208 134 132 125 196 107 196 132 78 29 09 30 83 65 80 26 04 101 11 92 46 84 06 75 90 20 21 22 6 8 01 60 52 45 38 31 25 18 12 23 24 25 26 27 28 29 30 6 34 88 64 60 77 13 64 29 08 212 276 215 156 • • • $4,626 9,789 8,334 6,053 5,506 7,764 3,735 5,485 8,693 10,515 10,078 17,484 10,170 8,977 7,542 10,364 4,883 7,565 4,193 5,327 5,144 2,642 948 72 66 41 40 71 40 20 96 16 44 14 48 60 32 50 48 48 60 64 56 64 35 48 Dues capital, as per general ledger, . Profits capital, as per general ledger, . Unpaid dues, . • • $165,912 33 Total, Number of shares issued during the y e a r , ............................................397 Number of shares now in f o r c e , .................................................... 2,714 Number of shares now borrowed upon............................................... 1,051 Largest number of shares held by any one member, . . . . 25 Number of shares withdrawn during the y e a r , ................................... 303 Number of shares forfeited during the y e a r , ............................................5 Number of shares retired during the y e a r , ............................................ 74 Number of shares matured during the y e a r ,............................................29 Highest rate of premium or interest received on money sold duripg the year, 5 per cent. Lowest rate of premium or interest received on money sold during the year, 5 per cent. Rate of profits distributed : first term, per cent.; second term, 2 | percent. Number of members withdrawn during the y e a r ,................................... 37 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $139,200 00 25,686 33 1,026 0 0 84 00 Dues paid in advance, . Total, Total Value. Shares in Force. Series. D ate of I ssu e. May, 1890, Nov., 1890, May, 1891, Nov., 1891, May, 1892, Nov., 1892, May, 1893, Nov., 1893, May, 1894, Nov., 1894, May, 1895, Nov., 1895, May, 1896, Nov., 1896, May, 1897, Nov., 1897, May, 1898, Nov., 1898, May, 1899, Nov., 1899, May, 1900, Nov., 1900, May, 1901, Value per Share. Reconciliation of Share Account with Dues and Profits Capital. $165,912 33 270 REPORT OF THE [Pub. Doc. Present number of members, . . * .....................................................393 Present number of borrowers........................................................................ 137 Present number of non-borrowers, . « ............................................256 Number of loans secured by first mortgage of real estate, . . .141 Number of loans on s h a r e s , ...................................................................... 3 3 Largest loan to any one m e m b e r ,...................................................................... $4,300 00 Smallest loan to any one member,................................... • 50 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 517 91 Date of examination by commissioner : January 15. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] 271 SAYINGS BANK COMMISSIONERS. ST O U G H T O N C O -O P E R A T IV E B A N K — STO U G H T O N . Incorporated March 23,1886. G e o r g e E. B e l c h e r , President. Commenced business April 10, 1886. H e n r y W. B r it t o n , Secretary and Treasurer. Names of security committee: R ic h a r d B . W a r d , W e b s t e r S m it h , Ch r is t o p h e r F a r r e l l . Regular meetings the second Saturday of each month. B a l a n c e S h e e t O c t . 31, 1901. L ia b il it ie s . A ssets. $153,062 00 Loans on real estate, 3,975 00 Loans on shares, . 396 75 Permanent expense account, 50 00 Temporary expense account,. 10,374 08 Real estate by foreclosure, . 49 51 Taxes paid, . . . . 7,763 15 Cash in hands of treasurer, . Dues capi tal, . . . . Profits capital (all series), . Interest, . . . . Premiums, . . . . F i n e s , ................................... Withdrawal profits, Guaranty fund, Surplus, . . . . Retired share account, . $175,670 49 $137,551 28,505 776 36 32 30 3,048 2,621 3,067 00 65 84 65 15 81 48 25 66 $175,670 49 Detailed Statement of Receipts and Disbursements for the Tear endinq Oct. 3 1 ,1 9 0 1 . R e c e ip t s . D is b u r s e m e n t s . From dues capital,. $39,113 00 interest, 10,652 86 premiums, . 388 42 442 73 fines, . . . . transfer fees, 1 25 real estate loans repaid, 25,425 00 real estate loans eliminated by foreclosure, 2,800 00 real estate loans eliminated by maturity of shares, 4,300 00 share loans repaid, 8,510 00 withdrawal profits, 178 85 16 01 forfeiture profits, . forfeited shares, . 375 24 real estate by foreclosure, . . . . 5,723 08 retired share account, . 13,771 34 matured share account, 5,761 08 4,344 11 Cash on hand Oct. 31, 1900, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $121,802 97 For real estate loans, share loans, . dues capital withdrawn, dues capital forfeited, dues capital retired, dues capital matured, profits capital withdrawn, profits capital forfeited, . profits capital retired, profits capital matured, . temporary expenses, permanent expenses, forfeited shares, interest on retired shares, real estate by foreclosure, retired share account, matured share account, . interest refunded, . premium refunded, due on mortgage loans, . surplus account, Cash on hand Oct. 31, 1901, . $25,550 00 4,575 00 21,260 00 460 00 17,308 00 6,898 00 4,183 03 64 06 7,202 36 3,163 08 768 89 396 75 375 24 214 48 3,935 76 10,703 68 5,959 67 87 50 5 00 700 00 229 32 7,763 15 $121,802 97 272 REPORT OF THE [Pub. Doc Total Amount of Loans at Specified Rates of Interest. L oans on R eal E state. Amount. $ 6 7 ,2 0 0 Rate. Loans on Sha k es. Amount. per cent. Rate. 00 6 .0 0 $ 2 ,1 0 0 00 7 8 ,6 6 2 00 6 .3 0 “ 900 00 7 .5 0 7 .8 0 800 00 6 .6 0 “ 200 00 8 .1 0 3 ,2 0 0 00 6 .9 0 “ per cent. « Amount. Rate. $ 3 ,8 2 5 00 6 .0 0 150 00 6 .3 0 per cent. “ “ Shares in Force. Total Value. Sept., 1 8 9 0 , Mar., 1 8 9 1 , Sept., 1 8 9 1 , Mar., 1 8 9 2 , Sept., 1 8 9 2 , Mar., 1 8 9 3 , Sept., 1 8 9 3 , Mar., 1 8 9 4 , Sept., 1 8 9 4 , Mar., 1 8 9 5 , Sept., 1 8 9 5 , Mar., 1 8 9 6 , Sept., 1 8 9 6 , Mar., 1 8 9 7 , Sept.. 1 8 9 7 , Mar., 1 8 9 8 , Sept., 1 8 9 8 , Mar., 1 8 9 9 , Sept., 1 8 9 9 , Mar., 1 9 0 0 , Sept., 1 9 0 0 , Mar., 1 9 0 1 , Sept , 1 9 0 1 , 7 8 $190 90 30 18 17 39 $ 3 ,2 4 5 179 6 ,9 8 8 02 167 156 81 80 69 1 1 ,5 7 8 89 61 9 ,5 6 4 1 1 .3 9 9 80 70 1 2 ,2 2 2 90 36 Series. D ate of I ssu e. . . Value per Share. Reconciliation of Share Account with Dues and Profits Capital. . 9 . 10 . 11 146 15 . 12 135 81 78 90 . 13 125 81 56 7 ,0 4 5 . 14 116 08 102 1 1 ,8 4 0 16 . 15 106 72 55 5 ,8 6 9 60 . 16 17 18 97 88 64 81 51 . 108 4 ,9 7 9 9 ,5 9 1 64 48 . 80 29 . 19 72 01 95 80 7 .6 2 7 5 ,7 6 0 55 80 . 20 64 01 127 . . 21 56 24 167 8 ,1 2 9 9 ,3 9 2 27 08 22 48 72 . . 23 24 41 197 105 9 ,5 9 7 4 ,3 5 1 84 20 34 37 39 25 27 20 51 85 147 369 5 ,0 5 2 . . 1 0 ,1 5 1 19 222 4 ,6 2 8 70 26 44 27 28 14 8 10 271 418 3 ,8 9 6 . 3 ,3 8 5 80 . 29 2 00 383 766 00 141 00 $ 1 6 7 ,2 0 6 65 . Dues paid in advance, . Total, 38 Dues capital, as per general ledger, Profits capital, as per general ledger, . Unpaid dues, 00 2 8 ,5 0 6 65 1 ,1 5 0 00 $ 1 6 7 ,2 0 6 65 98 Total, Number of shares issued during the y e a r , ............................................934 Number of shares now in f o r c e , .....................................................3,307 Number of shares now borrowed u p o n ,.................................................... 988 Largest number of shares held by any one member, . . .2 5 Number of shares withdrawn during the y e a r , ................................... 612 Number of shares forfeited during the y e a r ,............................................14 Number of shares retired during the y e a r , ............................................ 130 Number of shares matured during the year, . . . . . . 50 Highest rate of premium or interest received on money sold during the year, 6 per cent. Lowest rate of premium or interest received on money sold during the year, 6 per cent. Rate of profits distributed: first term, 3 per cent.; second term, 3 per cent. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $ 1 3 7 ,5 5 1 No. 8.] SAVINGS BANK COMMISSIONERS.- 273 Number of members withdrawn during the year...................................... 101 Present number of m em b ers,......................................................................... 462 Present number of borrowers,......................................................................... 191 Present number of non-borroAvers....................................................................271 Number of loans secured by first mortgage of real estate, . . . 159 Number of loans on s h a r e s , ...........................................................................32 Largest loan to any one member........................................................................... $4,800 00 Smallest loan to any one m em b er,...................................................................... 25 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 768 89 Date of examination by commissioner : March 7. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis [Pub. Doc. REPORT OF THE 274 S U F F O L K C O -O P E R A T IV E B A N K — B O ST O N . Ch a rles Incorporated Dec. 11, 1885. Commenced business Jan. 1, 1886. A. P o t t e r , President. C h a r l e s J. P a g e , Secretary and Treasurer. Names of security committee: oster, F r e d e r i c k J. A lfred F W il l ia m A. R Stark, u d d ic k . Regular meetings the first Wednesday of each month. B a l a n c e S h e e t O c t . 31, 1901. L ia b il it ie s . A ssets. Loans on real estate, Loans on shares', . Real estate by foreclosure, . Unpaid interest, • . Unpaid premiums, Unpaid fines, . . . . Insurance, . . . . Cash in hands of treasurer, . $40,198 5,870 6,995 1,265 182 109 34 3,822 58 00 41 68 66 04 25 31 Dues capi tal , . . . . Profits capital (all series), . Guaranty fund, Surplus..................................... Forfeited share account, Personal account, . $46,450 10,675 425 727 81 118 00 53 00 35 48 57 $58,477 93 $58,477 93 Detailed Statement of Receipts and Disbursements fo r the Year ending Oct. 3 1 ,1 9 0 1 . D is b u k s e m e n t s . R e c e ip t s . From dues capital,. interest, premiums, . fines, . . . . real estate loans repaid, real estate loans eliminated by foreclosure, share loans repaid, withdrawal profits, real estate by foreclosure, . . . . personal account,. surplus, insurance, tax account, . Cash on hand Oct. 31, 1900, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $11,836 2,697 424 150 10,646 00 92 11 87 00 2,865 00 2,950 00 183 36 312 150 60 3 56 3,881 50 00 86 00 57 04 $36,217 23 For real estate loans, . share loans, . dues capital withdrawn, dues capital matured, profits capital withdrawn, profits capital matured, . temporary expenses, real estate by foreclosure, personal account, . surplus, . . . . rent, . . . . Cash on hand Oct. 31, 1901, . $9,396 2,625 7,993 5,127 1,044 2,287 532 3,338 31 10 10 3,822 16 00 00 00 09 25 60 39 43 00 00 31 $36,217 23 No. 8.] 275 SAVINGS BANK COMMISSIONERS. Total Amount of Loans at Specified Bates of Interest. L oans on R eal E sta te. L oans on Sh akes. Amount. Rate. Amount. Rate. Amount. Rate. $14,200 00 2,500 00 700 00 6.00 per cent. 6.30 “ 6.60 “ $4,573 58 3,300 00 14,925 00 6.90 per cent. 7.20 « 7.50 “ $2,600 00 3,270 00 6.00 per cent. 7.50 « May, 1890, . Nov., 1890, . May, 1891, . Nov., 1891, . May, 1892, . Nov., 1892, . May, 1893, . May, 1894, . Nov., 1894, . May, 1895, . Nov., 1895, . May, 1896, . Nov., 1896, . May, 1897, . Nov., 1897, . May, 1898, . Nov., 1898, . May, 1899, . Nov., 1899, . May, 1900, . Nov., 1900, . May, 1901, . 10 $197 83 185 99 11 174 59 12 13 163 50 14 152 67 142 14 15 16 131 93 112 43 18 19 103 08 94 09 20 21 85 38 22 76 98 68 81 23 24 60 95 25 53 35 46 00 26 38 89 27 28 31 98 29 25 24 18 68 30 12 30 31 32 6 08 Dues paid in advance, . Total, 15 12 10 35 76 9 3 26 31 34 14 40 21 22 76 52 44 54 110 98 130 112 Total Value. Shares in Force. Value per Share. Date of I ssu e. Series. Reconciliation of Share Account with Dues and Profits Capital. $2,967 45 Dues capital, as per gen2,231 88 eral ledger, . 1,745 90 Profits capital, as per 5,722 50 general ledger, . 11,602 92 Unpaid dues, . 1,279 26 395 79 2,923 18 3,195 48 3,199 06 1,195 32 3,079 20 1,445 01 1,340 90 4,054 60 2,392 00 1,711 16 1,726 92 2,776 40 1,830 64 1,599 00 680 96 $46,450 00 10,675 53 2,061 00 91 00 $59,186 53 Total, $59,186 53 Number of shares issued during the y e a r , ............................................ 266 Number of shares now in f o r c e , .....................................................1,024 Number of shares now borrowed upon,.................................................... 295 Largest number of shares held by any one member, . . . . 25 Number of shares withdrawn during the y e a r , ................................... 279 Number of shares matured during the year............................................... 37 Highest rate of premium or interest received on money sold during the year: 25 cents premium. Lowest rate of premium or interest received on money sold during the year: 6 per cent. Rate of profits distributed : first term, 2£ per cent.; second term, per cent. Number of members withdrawn during the y e a r,................................... 45 Present number of m em bers,......................................................................... 147 Present number of b o r r o w e r s , .................................................................. 40 Present number of non-borrowers,.................................................................107 Number of loans secured by first mortgage of real estate, . . . 44 Number of loans on s h a r e s , ........................................................................... 25 Largest loan to any one m e m b e r ,......................................................................$3,300 00 Smallest loan to any one m em ber,...................................................................... 50 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 532 60 Date of examination by commissioner : November 30. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 276 REPORT OF THE [Pub. Doc. T A U N T O N C O -O P E R A T IV E B A N K — T A U N T O N . H enry Incorporated March 2, 1880. Commenced business March 17, 1880. President. H . 0 . M o r s e , Secretary. G e o r g e E. D e a n , Treasurer. W . Colby, Names of security committee: H e r b e r t N. D a n ie l C a r e y , P ie r c e , T homas Ba k e r . Regular meetings the first Tuesday after fifteenth of each month. B a la n c e S h e e t O c t . 31, 1901. A ssets. L ia b il it ie s . $423,800 00 Loans on real estate, 15,050 00 Loans on shares, . Permanent expense account, 197 46 Unpaid interest, 2,050 37 Unpaid fines............................. 267 32 Cash in hands of treasurer, . 9,219 26 Dues capital, . . . . Profits capital (all series), Guaranty fund, Surplus, . . . . Forfeited share account, $450,584 41 . $377,930 68,880 2,858 781 133 00 95 12 40 94 $450,584 41 Detailed Statement of Receipts and Disbursements fo r the Year ending Oct. 3 1 ,1 9 0 1 . R e c e ip t s . D is b u r s e m e n t s . From dues capital,. $104,257 00 For real estate loans, . $157,350 00 interest, 23,138 04 share loans, . 13,650 00 premiums, . 165 00 dues capital withdrawn, 42,909 00 fines, . . . . 398 36 dues capital retired, 36, >65 00 transfer fees, 15 00 dues capital matured, 13,104 00 real estate loans repaid, 136,450 00 profits capital withdrawn, 6,891 01 real estate loans elimi profits capital retired, 11,647 43 nated by maturity of profits capital matured, . 5,751 20 shares, 2,000 00 temporary expenses, 1,233 97 share loans repaid, 13,350 00 interest on retired shares, 523 18 Cash on hand Oct. 31, 1900, . 19,070 65 Cash on hand Oct. 31, 1901, . 9,219 26 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $298,844 05 $298,844 05 No. 8.] 277 SAYINGS BANK COMMISSIONERS Total Amount of Loans at Specified Rates of Interest. L oans on Sh a k es. L oans on R ea l E sta te. Rate. Amount. Rate. Amount. Rate. 5.30 per cent. - - $15,050 00 5.30 per cent. Amount. $423,800 00 May, 1890, . May, 1891, . Mav, 1892, . May, 1893, . May, 1894, . May, 1895, . May. 1896, . May, 1897, . May,-1898, . May, 1899, . Mav, 1900, . Nov., 1900, . May, 1901, . 95 11 $194 52 12 172 03 126 218 150 73 13 14 130 68 383 111 76 15 427 93 91 16 537 575 17 77 07 61 18 808 18 46 18 1,123 19 20 32 06 1,364 21 18 71 1,319 504 22 12 32 23 6 08 1,457 Total Value. Shares in Force. Value per Share. D ate of I ssu e. Series. Reconciliation of Share Account with Dues and Profits Capital. $18,479 21,675 32,859 50,050 47,721 50,429 44,315 49,433 51,860 43,729 24,678 6,209 8,858 40 Dues capital, as per gen$377,930 00 eral ledger, . 78 14 Profits capital, as per general ledger, . 68,880 95 44 3,490 00 52 Unpaid dues, . 67 25 44 14 84 49 28 56 • T o t a l , ................................... $450,300 95 Total, $450,300 95 Number of shares issued during the y e a r , ................................... 2,069 Number of shares now in force............................................................8,936 Number of shares now borrowed upon, . . . . . . 2,928 Largest number of shares held by any one member, . . . . 25 Number of shares withdrawn during the year, . . . . 1,286 Number of shares retired during the y e a r , ............................................324 Number of shares matured during the y e a r ,............................................ 91 Highest rate of premium or interest received on money sold during the year: 5 cents premium. Lowest rate of premium or interest received on money sold during the year: 5 3-10 per cent. Rate of profits distributed: first term, 2£ per cent.; second term, 2£ per cent. Number of members withdrawn during the y e a r ,................................... 155 Present number of m em b ers,...................................................................... 1,048 Present number of borrowers,......................................................................... 314 Present number of non-borrowers,.................................................................734 Number of loans secured by first mortgage of real estate, . . . 341 Number of loans on s h a r e s , ........................................................................... 99 Largest loan to any one m e m b e r ,......................................................................$5,000 00 Smallest loan to any one member......................................................................... 50 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 1,255 90 Date of examination by commissioner : June 28. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 278 REPORT OF THE [Pub. Doc TR O Y C O -O P E R A T IV E B A N K — F A L L R IV E R . J erom e Incorporated July 18,1880. Commenced business July 20, 1880. C. B o r d e n , President. G e o r g e H. E d d y , J r . , Secretary and Treasurer. Names of security committee: ash, T h o m a s D. C o v e d , J o h n M. Y o u n g . J acob F Regular meetings the third Tuesday of each month. B a l a n c e S h e e t O ct . 31, 1901. A ssets. L ia b il it ie s . $508,600 00 Loans on real estate, 32,000 00 Loans on shares, . Unpaid interest, 2,525 96 Unpaid fines, . 0 72 60 Cash in hands of treasurer, . 457 77 Dues capital, . . . . $456,870 00 Profits capital (all series), . 71,530 40 Guaranty fund, 2,961 01 Surplus,................................... 11,894 70 Forfeited share account, 17 41 Advance payments, 371 17 Suspense account,. 11 64 $543,656 33 $543,656 33 Detailed Statement of Receipts and Disbursements for the Year endina Oct. 3 1 ,1 9 0 1 . R e c e ip t s . D is b u r s e m e n t s . From dues capital,. $137,711 00 interest, 28,045 37 2 80 premiums, . fines, . . . . 473 45 real estate loans repaid, 101,000 00 real estate loans elimi1,350 00 nated by foreclosure, 29,750 00 share loans repaid, forfeited shares, . 1,070 72 real estate by foreclos5,718 31 ure, . . . . advance payments, 4,358 47 suspense account, 30 38 Cash on hand Oct. 31, 1900, . 1,437 62 For real estate loans, . $136,750 00 share loans, . 34,150 00 dues capital withdrawn, 81,048 00 dues capital forfeited, 1,022 00 dues capital retired, 29,223 00 profits capital withdrawn. 13,590 31 profits capital forfeited, . 144 22 profits capital retired, 4,963 50 temporary expenses, 2.109 53 forfeited shares, 1.110 61 interest on retired shares, 302 29 real estate by foreclosure, 1,659 79 advance payments, 4,348 55 suspense account, . 68 55 Cash on hand Oct. 31, 1901, . 457 77 $310,948 12 $310,948 12 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.'] 279 SAVINGS BANK COMMISSIONERS. Total Amount of Loans at Specified Rates of Interest. L oans on Sh a res. L oans on R ea l E sta te. Amount. $478,900 00 28,850 00 Rate. Rate. Amount. Rate. 6.50 per cent. $28,800 00 2,950 00 250 00 5.50 per cent. 6.00 “ 6.50 “ Amount. $850 00 5.50 per cent. 6.00 “ April, 1890,. Oct., 1890,. April, 1891,. Oct., 1891, . April, 1892,. Oct., 1892, . April, 1893,. Oct.. 1893,. April, 1894,. Oct., 1894,. April, 1895,. Oct., 1895,. April, 1896,. Oct., 1896, . April, 1897,. Oct., 1897,. April, 1898,. Oc.t., 1898, . April, 1899,. Oct., 1899, . April, 1900,. Oct., 1900,. April, 1901,. Oct., 1901,. 45 21 $194 61 18 22 183 18 172 12 88 23 122 24 161 35 134 25 150 87 92 140 72 26 130 88 183 27 28 121 30 113 112 02 232 29 30 103 03 196 94 31 31 266 32 85 80 263 564 33 77 58 34 69 57 573 35 61 83 743 54 31 36 588 47 00 37 657 38 39 90 671 32 99 39 993 40 26 27 637 41 19 71 1,167 42 13 32 1,344 43 7 09 1,300 1 00 1,440 44 Total Value. Shares in Force. Value per Share. Date op I ssu e. Series. Reconciliation of Share Account with Dues and Profits Capital. $8,757 3,297 15,146 19,684 20,216 12,946 23,951 13,706 25,988 20,193 25,086 22,565 43,755 39,863 45,939 31,934 30,879 26,772 32,759 16,733 23,001 17,902 9,217 1,440 45 24 56 70 58 24 04 90 64 88 46 40 12 61 69 28 00 90 07 99 57 08 00 00 T o t a l , ................................... $531,739 40 Dues capital, as per general ledger, . Profits capital, as per general ledger, . Unpaid dues, . Total, Number of shares issued during the year...........................................3,110 Number of shares now in f o r c e , .....................................................12,429 Number of shares now borrowed u p o n ,............................................ 3,464 Largest number of shares held by any one member, . . . . 25 Number of shares withdrawn during the year, . . . . 2,005 Number of shares forfeited during the year, . . . . . . 28 Number of shares retired during the y e a r , ............................................ 400 Highest rate of premium or interest received on money sold during the year: 5^ per cent. Lowest rate of premium or interest received on money sold during the year: 5£ per cent. Rate of profits distributed: first term, 2£ per cent.; second term, 2£ per cent. Number of members withdrawn during the year, . . . . . 303 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $456,870 00 71,530 40 3,339 00 $531,739 40 280 REPORT OF THE [Pub*. Doc. Present number of m em b ers,...................................................................... 1,387 Present number of borrowers,......................................................................... 345 Present number of non-borrowers,..............................................................1,042 Number of loans secured by first mortgage of real estate, . . . 267 Number of loans on s h a r e s , ..........................................................................156 Largest loan to any one m e m b e r ,......................................................................$5,000 00 Smallest loan to any one m em ber,...................................................................... 50 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 2,109 53 Date of examination by commissioner: September 13. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] SAVINGS BANK COMMISSIONERS 281 V O L U N T E E R C O -O P E R A T IV E B A N K — BO ST O N . Incorporated Nov. 16, 1887. Commenced business Jan. 1, 1888. e l e a , President. F r a n k E . B u r b a n k , Secretary and Treasurer. J ohn J. D Names of security committee: G eorge M u r ph y , I sa a c W . D e r b y , W il l ia m J . D r is c o l l . Regular meetings the third Wednesday of each month. B a l a n c e S h e e t O c t . 31, 1901. L ia b il it ie s . A ssets. Loans on real estate, $403,403 00 14,000 00 Loans on shares, . Temporary expense account,. 375 07 12,761 01 Real estate by foreclosure, Unpaid lines, . . . . 39 16 583 55 Office furniture, Personal accounts,. 9,776 97 Cash in hands of treasurer, . 9,351 64 Dues capital, . . . . Profits capital (all series), Interest, . . . . Withdrawal profits, Guaranty fund, Surplus, . . . . Forfeited share account, Matured share account, Personal account, . . $378,586 64,521 141 214 2,105 721 154 3,797 48 00 14 57 12 00 82 16 89 70 $450,290 40 $450,290 40 Detailed Statement of Receipts and Disbursements for the Year endinq Oct. 3 1 ,1 9 0 1 . R e c e ip t s . D is b u r s e m e n t s . From dues capital,. $108,855 00 interest, 21,412 30 1,008 26 fines................................. real estate loans repaid, 57,350 00 real estate loans elimi16,350 00 nated by foreclosure, real estate loans eliminated by maturity of 9,700 00 shares, 11,850 00 share loans repaid, withdrawal profits, 1,429 71 146 59 forfeited shares, . real estate by foreclosure, . . . . 10,711 19 33,528 84 retired share account, . 7,529 98 matured share account, rents, . 117 78 52 03 surplus, 54 profits, . . . . 1,759 10 personal accounts, 55 54 office furniture, . 13,106 48 mortgages, . Cash on hand Oct. 31, 1900, . 1,047 34 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $296,010 68 For real estate loans, . share loans, . dues capital withdrawn, dues capital forfeited, . dues capital retired, dues capital matured, profits capital withdrawn, profits capital forfeited, . profits capital retired, profits capital matured, . temporary expenses, forfeited shares, real estate by foreclosure, retired share account, . matured share account, . surplus, . . . . interest, . . . . office furniture, mortgages, personal accounts,. Cash on hand Oct. 31, 1901, . $95,050 13,300 51,870 764 23,756 12,163 6,023 55 8,880 5,065 2.302 151 17,347 33,528 4,135 1,671 114 83 5.600 4,797 9,351 00 00 00 00 00 00 03 05 10 14 25 59 38 84 41 43 34 67 04 77 64 $296,010 68 [Pub. Doc REPORT OF THE 282 Total Amount of Loans at Specified Rates of Interest. L oans on S h a res. L oans on R eal E sta te. A m o u n t. $361,703 6,300 1,400 31,650 R a te . 00 00 00 00 R a te . A m o u n t. R a te . 6.25 per cent. 6.30 “ 6.50 “ $13,950 00 50 00 5.00 per cent. 6.00 “ A m o u n t. $800 00 1,000 00 550 00 5.00 per cent. 5.25 “ 5.75 “ 6.00 “ Total Value. Shares in Force. D ate op I ssu e. Value per Share. Series. Reconciliation of Share Account with Dues and Profits Capital. 1 July, 1890,. Jan., 1891,. July, 1891,. Jan., 1892, . July, 1892, . Jan., 1893, . April, 1893,. July, 1893, . Oct., 1893,. Jan., 1894, . April, 1894,. July, 1894, . Oct., 1894,. Jan., 1895,. April, 1895,. July, 1895, . Oct., 1895,. Jan., 1896, . April, 1896, . July, 1896, . Oct., 1896,. Jan., 1897, . April, 1897,. July, 1897, . Oct., 1897,. Jan.. 1898, . April, 1898,. July, 1898, . Oct., 1898, . Jan., 1899, . April, 1899,. July, 1899, . Oct., 1899,. Jan., 1900, . April, 1900,. July, 1900, . Oct., 1900, . Jan., 1901, . April, 1901,. July, 1901, . Oct., 1901,. 6 $188 70 177 35 7 166 29 8 9 155 62 10 145 31 135 32 11 12 130 43 13 125 64 14 120 91 15 116 25 111 67 16 107 18 17 18 102 72 19 98 36 20 94 04 21 89 77 22 85 60 81 48 23 24 77 42 73 40 25 26 69 47 65 58 27 28 61 76 29 57 99 30 54 28 50 62 31 32 47 01 43 44 33 34 39 92 36 44 35 33 00 36 29 62 37 38 26 28 22 98 39 19 72 40 41 16 50 13 32 42 10 18 43 44 7 08 4 02 45 46 1 00 Dues paid in advance, . Total, https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 78 $14,718 60 100 17,735 00 14,300 94 86 123 19,141 26 141 20,488 71 21,109 92 156 73 9,521 39 33 4,146 12 46 5,561 86 135 15,693 75 45 5,025 15 79 8,467 22 5,855 04 57 178 17,508 08 148 13,917 92 10,503 09 117 85 7,276 00 129 10,510 92 17,884 02 231 111 8,147 40 95 6,599 65 252 16.526 16 250 15,440 00 215 12,467 85 190 10,313 20 545 27,587 90 12,081 57 257 265 11,511 60 8,662 64 217 258 9,401 52 304 10,032 00 229 6,782 98 348 9,145 44 412 9,467 76 292 5,758 24 5,692 50 345 456 6,073 92 9,294 34 913 422 2,987 76 1,624 08 404 384 384 00 • Dues capital, as per general ledger, . Profits capital, as per general ledger, . Unpaid dues, . Suspense profits, . $378,586 00 64,521 14 3,210 00 36 * 970 00 $446,317 50 Total, $446,317 5< No. 8.] SAYINGS BANK COMMISSIONERS 283 Number of shares issued during the y e a r , ................................... 2,453 Number of shares now in f o r c e , .....................................................9,204 Number of shares now borrowed upon, ............................................ 2,519 Largest number of shares held by any one member, . . . . 25 Number of shares withdrawn during the year, . . . . 1,899 Number of shares forfeited during the year, ................................... 113 Number of shares retired during the y e a r , ............................................189 Number of shares matured during the year................................................86 Highest rate of premium or interest received on money sold during the year: 5 per cent. Lowest rate of premium or interest received on money sold during the year: 5 per cent. Rate of profits distributed: first term, 1^ per cent.; second term, 1 | per cent.; third term, l} per cent.; fourth term, 1| per cent. Number of members withdrawn during the y e a r ,................................... 200 Present number of m em bers,.......................................................................1,037 Present number of borrowers,.........................................................................227 Present number of non-borrowers,.................................................................810 Number of loans secured by first mortgage of real estate, . . . 217 Number of loans on s h a r e s , ........................................................................... 57 Largest loan to any one m e m b e r ,......................................................................$5,000 00 Smallest loan to any one m em ber,...................................................................... 50 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 2,302 25 Date of examination by commissioner : September 23. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 284 REPORT OF THE [Pub. Doc W A K E F IE L D C O -O P E R A T IV E B A N K — W A K E F IE L D . Incorporated Jan. 31, 1887. Commenced business March 5, 1887. H a r r y F o s t e r , Secretary and Treasurer. E r a st u s D . W e st o n , President. Names of security committee: R ic h a r d S . S t o u t , G . E . Sm it h , E v e r e t t W . E aton, O l iv e r W a l t o n . Regular meetings the first Saturday of each month B a l a n c e S h e e t O ct . 31, 1901. Lia b il it ie s . A ssets. $192,550 00 Loans on real estate, 10,200 00 Loans on shares, . 130 00 Permanent expense account, Real estate by foreclosure, . 5,477 12 Unpaid interest, 1,351 52 59 25 Unpaid premiums, Unpaid fines, . . . . 96 70 Cash in hands of treasurer, . 2,288 09 Dues capital, . . . . Profits capital (all series), Guaranty fund, Surplus, . . . . . $212,152 68 $179,052 28,903 1,075 3,122 00 55 00 13 $212,152 68 Detailed Statement of Receipts and Disbursements for the Year endina Oct. 3 1 ,1 9 0 1 . R e c e ip t s . D is b u r s e m e n t s . From dues capital,. $54,788 00 interest, 9,400 79 premiums, . 57 33 fines, . . . . 256 90 transfer fees, 2 75 real estate loans repaid, 19,200 00 real estate loans eliminated by maturity of 1,200 00 shares, 7,350 00 share loans repaid, withdrawal profits, 456 90 real estate by foreclos1,394 00 ure, . . . . 12,446 81 Cash on hand Oct. 31, 1900, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $106,553 48 For real estate loans, share loans, . dues capital withdrawn, dues capital retired, dues capital matured, . profits capital withdrawn, profits capital retired, profits capital matured, . temporary expenses, interest on retired shares, real estate by foreclosure, Cash on hand Oct. 31, 1901, $48,350 8,050 14,271 21,312 2,486 1.851 5,652 1,126 812 253 99 2,288 00 00 00 00 00 83 16 08 80 56 96 09 $106,553 48 No. 8.] SAYINGS BANK COMMISSIONERS 285 Total Amount of Loans at Specified Bates of Interest. L oans on R eal E state. Amount. Rate. $182,400 00 9,600 00 5.00 per cent. 6.30 « L oans on Sh a r es. Amount. Rate. $200 00 350 00 Amount. 6.60 per cent. 7.20 “ $9,950 00 250 00 Rate. 5.00 per cent. 6.30 « Nov., 1890, . May, 1891. . Nov., 1891, . May, 1892, . Nov., 1892, . May, 1893, . Nov., 1893, . May, 1894, . Nov., 1894, . May, 1895, . Nov., 1895, . May, 1896, . Nov., 1896, . May, 1897, . Nov., 1897, • May, 1898, . Nov., 1898, . May, 1899, . Nov., 1899, . Mav, 1900, . Nov., 1900, . May, 1901, . 9 31 55 66 30 69 58 91 36 131 98 149 136 297 386 318 332 372 383 543 468 626 9 $185 68 174 08 10 11 162 87 152 01 12 141 54 13 14 131 37 121 61 15 16 112 14 103 01 17 94 14 18 19 85 50 20 77 16 69 07 21 22 61 22 53 61 23 24 46 19 39 02 25 32 05 26 25 30 27 18 73 28 12 33 29 30 6 09 Dues paid in advance, . Total, • • Value. T o ta l Value per Share. Series. D ate op I ssu e. Shares In Force. Reconciliation of Share Account with Dues and Profits Capital. $1,671 12 Dues capital, as per gen$179,052 00 eral ledger, . 5,396 48 8,957 85 Profits capital, as per general ledger, . 28,903 55 10,032 66 1,909 00 4,246 20 Unpaid dues, . 9,064 53 7,053 38 10,204 74 3,708 36 12,332 34 8,379 00 11,496 84 9,393 52 18,182 34 20,693 46 14,688 42 12,954 64 11,922 60 9,689 90 10,170 39 5,770 44 3,812 34 * . 43 00 • $209,864 55 Total, Number of shares issued during the y e a r , ................................... 1,170 Number of shares now in f o r c e , ................................... . . 4,684 Number of shares now borrowed u p on ,............................................1,231 Largest number of shares held by any one member................................. 25 Number of shares withdrawn during the y e a r , ................................... 502 Number of shares retired during the y e a r , ............................................ 282 Number of shares matured during the year............................................... 18 Highest rate of premium or interest received on money sold during the year: 5J per cent. Lowest rate of premium or interest received on money sold during the year: 5 per cent. Rate of profits distributed: first term, 2£ per cent.; second term, 2^ per cent. Number of members withdrawn during the y e a r ,................................... 77 Present number of m em b ers,......................................................................... 652 Present number of borrowers,......................................................................... 197 Present number of non-borrowers,.................................................................455 Number of loans secured by first mortgage of real estate, . . . 195 Number of loans on s h a r e s , ................................... • . . .4 3 Largest loan to any one m e m b e r ,............................................................. . Smallest loan to any one m em ber,.................................................... .' . Amount of expenses of the corporation for the year ending Oct. 31, 1901, . Hate of examination by commissioner: May 4. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $209,864 55 $3,500 00 50 00 827 80 [Pub. Doc REPORT OF THE 286 W A L T H A M C O -O P E R A T IV E B A N K — W A L T H A M . Incorporated Oct. 13, 1880. Commenced business Oct. 20, 1880. F r a n k K. P o r t e r , Secretary and Treasurer. E d w a r d P. S m i t h , President. Names of security committee : E d w a r d P . Sm it h , Ch arles E . Getc h ell, M i c h a e l T. C o n n e l l y . Regular meetings the third Thursday of each month. 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. Loans on real estate, Loans on shares, . Real estate by foreclosure, Unpaid interest, Unpaid premiums, Unpaid fines, . . . . Cash in hands of treasurer, $484,850 17,250 89,071 6,484 71 648 824 . 00 00 20 70 32 47 61 Dues capi tal , . . . . Profits capita! (all series), . Interest, . . . . Premiums, . . . . F i n e s , ................................... Transfer fees, Guaranty fund, Surplus, . . . . $599,200 30 - $493,224 91,097 2,658 40 151 00 49 11 72 67 75 9,500 00 2,527 56 $599,200 30 Detailed Statement of Receipts and Disbursements for the Year endinq Oct. 3 1 ,1 9 0 1 . D is b u r s e m e n t s . R e c e ip t s . $142,941 00 From dues capital,. 29,145 83 interest, 348 18 premiums, . 1,512 16 fines, . . . . 7 25 transfer fees, real estate loans repaid, 107,250 00 real estate loans elimi nated by maturity of 6,050 00 shares, 11,700 00 share loans repaid, withdrawal profits, 898 83 real estate by foreclos 9,631 33 ure, . . . . 52,889 02 Cash on hand Oct. 31, 1900, . $119,950 00 For real estate loans, 13,400 00 share loans, . dues capital withdrawn, 103,835 00 35,348 00 dues capital retired, 37,788 00 dues capital matured, profits capital withdrawn, 17,981 83 8,430 53 * profits capital retired, 16,254 45 profits capital matured, . temporary expenses, 4,303 38 182 74 interest on retired shares, 4,075 06 real estate by foreclosure, 824 61 Cash on hand Oct. 31, 1901, . $362,373 60 $362,373 60 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] 287 SAVINGS BANK COMMISSIONERS Total Amount of Loans at Specified Rates of Interest. L oans on R eal E state. Amount. $206,400 232,400 7,450 600 1,600 3,400 00 00 00 00 00 00 L oans on Sh a k es. Amount. Rate. $800 9,450 200 20,900 1,100 550 5.00 per cent. 6.00 “ 6.10 “ 6.20 “ 6.30 “ 6.40 “ 00 00 00 00 00 00 Rate. Amount. Rate. 6.50 per cent. 6.60 “ 6.70 “ 6.90 « 7.20 “ 7.50 “ $11,200 00 6,050 00 5.00 per cent. 6.00 “ April, 1890,. July, 1890, . Oct., 1890,. Jan., 1891,. April, 1891,. July, 1891,. Oct., 1891,. Jan., 1892,. April, 1892,. July, 1892,. Oct., 1892,. Jan., 1893,. April, 1893,. July, 1893,. Oct., 1893,. Jan., 1894,. April, 1894,. July, 1894,. Oct., 1894,. Jan., 1895,. April, 1895,. July, 1895, . Oct., 1895,. Jan., 1896,. April, 1896,. July, 1896,. Oct., 1896,. Jan., 1897,. April, 1897,. July, 1897,. Oct., 1897,. Jan., 1898,. April, 1898,. July, 1898,. Oct., 1898,. Jan., 1899,. April, 1899,. July, 1899,. Oct., 1899,. Jan., 1900,. April, 1900,. July, 1900,. Oct., 1900,. Jan., 1901,. April, 1901,. July, 1901,. Oct., 1901,. 21 $194 90 22 188 97 183 16 23 24 177 45 25 171 82 166 28 26 160 86 27 155 49 28 150 20 29 145 07 30 139 95 31 134 97 32 130 04 33 125 23 34 120 48 35 115 79 36 111 25 37 106 76 38 102 33 39 97 94 40 93 67 41 89 43 42 85 24 43 81 14 44 77 08 45 73 10 46 69 15 47 65 29 48 61 49 49 50 57 72 54 01 51 50 37 52 46 77 53 43 20 54 39 68 55 36 23 56 32 83 57 29 47 58 26 16 59 22 87 60 19 62 61 16 42 62 13 26 63 10 15 64 65 7 07 4 02 66 1 00 67 41 113 99 89 97 93 148 75 100 91 94 95 77 100 72 112 87 115 88 115 123 215 246 149 244 106 161 222 241 172 398 268 355 187 329 398 485 357 583 414 538 525 523 632 706 835 550 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $7,990 90 Dues capital, as per gen21,353 61 eral ledger, . 18,132 84 Profits capital, as per 15,793 05 general ledger, . 16,666 54 Unpaid dues, . 15,464 04 23,807 28 11,661 75 15,020 00 13,201 37 13,155 30 12,822 15 10,013 08 12,523 00 8,674 56 12,968 48 9,678 75 12,277 40 9,005 04 11,263 10 11,521 41 19,227 45 20,969 04 12,089 86 18,807 52 7,748 60 11,133 15 14,494 38 14,819 09 9,927 84 21,495 98 13,499 16 16,603 35 8,078 40 13,054 72 14,419 54 15,922 55 10,520 79 15,251 28 9,468 18 10,555 56 8,620 50 6,934 98 6,414 80 4,991 42 3,356 70 550 00 $493,224 00 91,097 49 8,412 00 785 00 Dues paid in advance, . Total, Total Value. Force. I Shares in Value per Share. D ate o f Issu e. Series. Reconciliation of Share Account with Dues and Profits Capital. . $592,733 49 Total, $592,733 49 288 REPORT OF THE [Pub. Doc Number of shares issued during the y e a r , ............................................ 3,006 Number of shares now in f o r c e , ............................................................ 11,863 Number of shares now borrowed u p o n ,.....................................................2,957 Largest number of shares held by any one member, . . . . 25 Number of shares withdrawn during the year, . . . . 2,380 Number of shares retired during the y e a r , ............................................... 369 Number of shares matured during the y e a r ,............................................... 268 Highest rate of premium or interest received on money sold during the year: 5 per cent. Lowest rate of premium or interest received on money sold during the year: 5 per cent. Rate of profits distributed: first term, 1£ per cent.; second term, lj per cent. third term, 1 per cent.; fourth term, 1 per cent. Number of members withdrawn during the year, . . . . . 138 Present number of m em b ers,.......................................................................1,956 Present number of borrowers,......................................................................... 416 Present number of non-borrowers,..............................................................1,540 Number of loans secured by first mortgage of real estate, . . . 370 Number of loans on s h a r e s , ........................................................................... 46 Largest loan to any one m e m b e r ,...................................................................... $5,000 00 Smallest loan to any one m em ber,...................................................................... 50 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 4,303 38 Date of examination by commissioner : May 4. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] SAYINGS BANK COMMISSIONERS 289 W A T E R T O W N C O -O P E R A T IV E B A N K — W A T E R T O W N . Incorporated June 23, 1888. Commenced business June 28, 1888. S a m u e l S. G l e a s o n , Secretary and Treasurer. C h a r l e s B r ig h a m , President. Names of security committee: J a m es H . N o rc r o ss , H o ra ce W . O t is , Sam uel S. G lea so n . Regular meetings the fourth Thursday of each month. 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. $250,025 00 Loans on real estate, 8,900 00 Loans on shares, . 386 81 Temporary expense account, 3,277 01 Unpaid interest, 175 15 Unpaid premiums,. 676 69 Unpaid fines, . . . . 150 00 Office furniture, 24,322 03 Cash in hands of treasurer, . Dues capi tal, . . . . Profits capital (all series), . Interest,................................... Premiums................................ F i n e s , ................................... Transfer fees, Withdrawal profits, Guaranty fund, Surplus,................................... $287,912 69 $231,886 44,412 6,321 348 219 00 52 15 52 76 50 98 17 1,652 56 2,973 51 $287,912 69 Detailed Statement of Receipts and Disbursements for the Year ending Oct. 3 1 ,1 9 0 1 . D is b u r s e m e n t s . R e c e ip t s . $55,090 00 From dues capital,. 15,108 22 interest, 8 8 6 57 premiums, . 629 28 fines, . . . . 9 9*ï transfer fees, 45,056 00 real estate loans repaid, 6,965 00 share loans repaid, 334 99 withdrawal profits, 27,859 76 Cash on hand Oct. 31, 1900, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $151,932 07 For real estate loans, share loans, . dues capital withdrawn, dues capital retired, profits capital withdrawn, profits capital retired, temporary expenses, Cash on hand Oct. 31,1901, . $51,650 8,550 15,233 36,650 1,313 12,331 1,882 24,322 00 00 00 00 38 25 41 03 $151,932 07 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] SAYINGS BANK COMMISSIONERS. 291 Present number of m em b ers,......................................................................... 464 Present number of borrowers,......................................................................... 142 Present number of non-borrowers,................................................................ 322 Number of loans secured by first mortgage of real estate, . . . 134 Number of loans on s h a r e s , ...........................................................................36 Largest loan to any one m e m b e r ,......................................................................$5,000 00 Smallest loan to any one m em ber,...................................................................... 50 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 1,882 41 Date of examination by commissioner : January 8. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 292 REPORT OF THE [Pub. Doc. W A V E R L E Y C O -O P E R A T IV E B A N K - W A Y E R L E Y . Incorporated April 4, 1896. Commenced business April 13, 1896. G u sta vus C. H o l t , President. I r v in g F. M u n r o e , Secretary. U l y ss e s S. Y o u n g , Treasurer. Names of security committee: J o h n P. B r a d b u r y , H e r b e r t H. R u s s e l l , T h o m a s W . D a v is . Regular meetings the second Monday of each month. B a l a n c e S h e e t O ct . 31, 1901. A ssets. Loans on real estate, Loans on shares, . Permanent expense account, . Temporary expense account, Real estate by foreclosure, . Unpaid interest, Unpaid premiums,. Unpaid fines, . . . . Cash in hands of treasurer, . L ia b il it ie s . $79,450 4,880 140 47 6,192 440 00 00 20 83 46 05 30 67 22 2,122 01 Dues capital, . . . . Profits capital (all series), . Interest,................................... Premiums, . . . . F i n e s , ................................... Withdrawal profits, Guaranty fund, Surplus, . . . . $83,193 00 8,960 15 347 35 90 30 24 213 31 148 05 447 07 $93,340 07 $93,340 07 Detailed Statement of Receipts and Disbursements fo r the Year ending Oct. 3 1 ,1 9 0 1 . R e c e ip t s . From dues capital,. interest, premiums, . fines, . . . . transfer fees, real estate loans repaid, real estate loans eliminated by foreclosure, share loans repaid, withdrawal profits, forfeiture profits, . forfeited shares, . real estate by foreclosure, . . . . surplus, Cash on hand Oct. 31, 1900, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis D is b u r s e m e n t s . $37,780 4,967 17 251 1 26,600 00 91 00 83 25 00 5,800 4,910 515 1 82 00 00 20 78 76 For real estate loans, share loans, dues capital withdrawn, dues capital forfeited, dues capital retired. profits capital withdrawn, profits capital forfeited, . profits capital retired, temporary expenses, permanent expenses, forfeited shares, real estate by foreclosure, Cash on hand Oct. 31, 1901, . $43,400 4,650 22,155 78 2,690 2,053 6 446 577 6 82 6,409 2,122 00 00 00 00 00 35 54 85 28 20 76 17 01 216 71 1 50 3,531 22 $84,677 16 $84,677 16 No. 8.] 293 SAVINGS BANK COMMISSIONERS Total Amount of Loans at Specified Rates of Interest. L o ans on Sh a rk s. L oans on R ea l E sta te. Amount. $79,450 00 Amount. Kate. 6 per cent. Rate. Amount. - $4,880 00 Rate. 6 per cent. $79 70 62 55 47 40 33 26 19 13 7 1 13 93 97 24 74 46 39 52 85 38 10 00 Total Value. April, 1896. . 1 2 Oct., 1896,. April, 1897,. 3 4 Oct., 1897,. 5 April, 1898,. Oct., 1898,. 6 April, 1899,. 7 8 Oct., 1899,. 9 April, 1900,. Oct., 1900,. 10 April, 1901,. 11 Oct., 1901,. 12 Shares in Force. Series. Date of I ssu e. Value per Share. Reconciliation of Share Account with Dues and Profits Capital. 205 105 125 199 198 190 325 210 297 529 475 453 $16,221 7,447 7,871 10,992 9,452 7,687 10,851 5,569 5,895 7,078 3,372 453 65 65 25 76 52 40 75 20 45 02 50 00 Dues capital, as per general ledger, . Profits capital, as per general ledger, . Unpaid dues, . $83,193 00 8,960 15 876 00 4 Dues paid in advance, . Total, • 136 00 $93,029 15 Total, $93,029 15 Number of shares issued during the y e a r , ................................... 1,392 Number of shares now in f o r c e , .................................................... 3,311 Number of shares now borrowed upon........................................................ 625 Largest number of shares held by any one member, . . . . 25 Number of shares withdrawn during the year, . . . . 1,002 Number of shares forfeited during the year............................................... 29 Number of shares retired during the y e a r , ............................................45 Highest rate of premium or interest received on money sold during the year: 6 per cent. Lowest rate of premium or interest received on money sold during the year: 6 per cent. Rate of profits distributed: first term, 3 per cent.; second term, 3 per cent. Number of members withdrawn during the y e a r ,...................................84 Present number of m em b ers,......................................................................... 443 Present number of borrowers,...........................................................................93 Present number of non-borrowers,.................................................................350 Number of loans secured by first mortgage of real estate, . . . 56 Number of loans on s h a r e s , ...........................................................................54 Largest loan to any one m e m b e r ,......................................................................$5,000 00 Smallest loan to any one m ember,...................................................................... 50 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 603 28 Date of examination by commissioner: October 16. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis [Pub. Doc REPORT OF THE 294 W E B S T E R C O -O P E R A T IV E B A N K — W E B S T E R . Incorporated Aug. 2, 1889. Commenced business Aug. 8, 1889. C. M. N a s h , Secretary and Treasurer. J o h n J . L o v e , President. Names of security committee: J o h n J . L ov e , J a m es Cock s, L. E. P a t t is o n . Regular meetings the second Thursday of each month. B a la n c e S h e e t O ct . 31, 1901. L ia b il it ie s . A ssets. Loans on real estate, Loans on shares, . Temporary expense account, Real estate by foreclosure, . Unpaid interest, Unpaid premiums, Unpaid fines............................. Cash in hands of treasurer, . $97,025 3,895 128 3,497 168 8 9 1,523 00 00 93 25 00 75 94 97 Dues capital, Profits capital (all series), . Interest, . . . . Premiums............................... F i n e s , ................................... Withdrawal profits, Guaranty fund, . Surplus, . . . . R e n t , ................................... $106,256 84 $88,606 14,579 1,341 63 16 98 990 554 7 00 19 60 28 33 96 00 48 00 $106,256 84 Detailed Statement of Receipts and Disbursements fo r the Year ending Oct. 3 1 ,1 9 0 1 . D is b u r s e m e n t s . R e c e ip t s . From dues capital,. $25,387 00 interest, 5,740 44 276 80 premiums, . 72 00 fines................................ 13,075 00 real estate loans repaid, real estate loans elimi2,900 00 nated by foreclosure, real estate loans eliminated by maturity of 3,000 00 shares, 3,382 00 share loans repaid, 264 40 withdrawal profits, real estate by foreclos968 75 ure, . . . . rent, . . . . 7 00 Cash on hand Oct. 31, 1900, . 2,957 94 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $58,031 33 For real estate loans, . share loans, . dues capital withdrawn, dues capital retired, dues capital matured, profits capital withdrawn, profits capital retired, profits capital matured, . temporary expenses, interest on retired shares, interest on m a t u r e d shares, real estate by foreclosure, Cash on hand Oct. 31, 1901, . $21,625 3,162 12,246 4,490 4,084 1,071 2,719 1,677 567 52 00 00 00 00 00 45 05 36 05 00 46 98 4,766 47 1,523 97 « $58,031 33 No. 8.] 295 SAYINGS BANK COMMISSIONERS Total Amount of Loans at Specified Rates of Interest. L oans on Sh a res. L oans on R ea l E sta te. Amount. Rate. Amount. Rate. Amount. Rate. $97,025 00 6.30 per cent. - - $3,895 00 6.30 per cent. 2 $198 42 4 176 36 165 65 5 155 19 6 144 97 7 134 96 8 125 24 9 10 115 81 11 106 61 12 97 69 89 05 13 14 80 64 72 49 15 64 59 16 56 91 17 49 46 18 42 23 19 35 20 20 21 28 39 21 78 22 23 15 35 24 9 10 25 3 00 Feb., 1890, . Feb., 1891, . Aug., 1891, . Feb., 1892, . Aug., 1892,. Feb., 1893, . Aug., 1893, . Feb., 1894, . Aug., 1894, . Feb., 1895, . Aug., 1895, . Feb., 1896, . Aug., 1896, . Feb., 1897, . Aug., 1897, . Feb., 1898, . Aug., 1898, . Feb , 1899, . Aug., 1899, . Feb., 1900, . Aug., 1900, . Feb., 1901, . Aug., 1901, . Dues paid in advance, . Total, • • • Total Value. D ate of I ssu e. Shares in Force. Series. Value per Share. Reconciliation of Share Account with Dues and Profits Capital. 1 6 23 17 29 32 31 85 76 50 86 68 37 103 82 128 175 179 127 221 217 143 136 $198 1,058 3,809 2,638 4,204 4,318 3,882 9,843 8,102 4,884 7,658 5,483 2,682 6,652 4,666 6,330 7,390 6,300 3,605 4,813 3,330 1,301 408 42 16 95 23 13 72 44 85 36 50 30 52 13 77 62 88 25 80 53 38 95 30 00 . 81 00 • • $103,646 19 Dues capital, as per general ledger, . Profits capital, as per general ledger, . Unpaid dues, . Total, $88,606 00 14,579 19 461 00 $103,646 19 Number of shares issued during the year, . . . . . . 394 Number of shares now in f o r c e , .................................................... ....... 2,052 Number of shares now borrowed u p o n ,.....................................................590 Largest number of shares held by any one member, . . . . 25 Number of shares withdrawn during the year.......................................... 405 Number of shares retired during the y e a r , ............................................55 Number of shares matured during the y e a r ,............................................29 Highest rate of premium or interest received on money sold during the year: 6 3-10 per cent. Lowest rate of premium or interest received on money sold during the year: 6 3-10 per cent. Rate of profits distributed: first term, 3 per cent.; second term, 2.^ per cent. Number of members withdrawn during the y e a r ,................................... 70 Present number of m em b ers,......................................................................... 287 Present number of borrowers,........................................................................... 91 Present number of non-borrowers,.................................................................196 Number of loans secured by first mortgage of real estate, . . . 91 Number of loans on s h a r e s , ........................................................................... 21 Largest loan to any one member, . ............................................................. $4,000 00 Smallest loan to any one member,...................................................................... 50 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 567 05 Date of examination by commissioner : May 9. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis [Pub. Doc. REPORT OF THE 296 W E IR C O -O P E R A T IV E B A N K — T A U N T O N . Incorporated July 11, 1884. Commenced business July 16, 1884. G. A r t h u r L in c o l n , President. A l b e r t H. T e t l o w , Secretary. T . P r e st o n B u r t , Treasurer. Names of security committee : J o h n H. D a l g l i s h , W il l ia m N. P a r k e r , J am es O. D e a n . Regular meetings the sixteenth day of each month. B a la n c e S h e e t O ct . 31, 1901. A ssets. L ia b il it ie s . $213,000 00 Loans on real estate, 3,450 00 Loans on shares, . 156 36 Temporary expense account, 789 83 Unpaid interest, 20 33 Unpaid premiums,. 132 70 Unpaid fines, . . . . 40 00 Insurance account, 1,231 19 Cash in hands of treasurer, . Dues capital, . . . . Profits capital (all series), . Interest, . . . . Premiums, . . . . F i n e s , ................................... Transfer fees, Guaranty fund, Surplus, . . . . Advance payments, $218,820 41 $174,847 33,634 4,039 26 129 1 1,590 4,457 93 00 97 12 56 86 75 00 38 77 $218,820 41 Detailed Statement of Receipts and Disbursements fo r the Year ending Oct. 3 1 , 1 9 0 1 . R e c e ip t s . From dues capital,. interest, premiums, . fines, . . . . transfer fees, real estate loans repaid, real estate loans eliminated by foreclosure, share loans repaid, real estate by foreclosure, . . . . advance payments, Cash on hand Oct. 31, 1900, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis D is b u r s e m e n t s . $42,926 11,620 170 381 3 49,650 00 87 43 01 25 00 2,200 00 4,050 00 2,300 00 579 34 1,476 11 $115,357 01 For real estate loans, share loans, . dues capital withdrawn, dues capital forfeited, . dues capital matured, profits capital withdrawn, profits capital forfeited, . profits capital matured, . temporary expenses, real estate by foreclosure, interest on m a t u r e d shares, insurance, Cash on hand Oct. 31, 1901, . $78,750 3,250 17,213 176 5,938 3,286 16 2,491 443 2,378 00 00 00 00 00 55 72 86 83 04 141 82 40 00 1,231 19 $115,357 01 No. 8.] SAVINGS BANK COMMISSIONERS 297 Total Amount of Loans at Specified Bates of Interest. L oans on R ea l E sta te. L oans on Sh a k es. Amount. Rate. Amount. Rate. Amount. Rate. $206,600 00 5.30 per cent. $6,400 00 6,30 per cent. $2,900 00 550 00 5.30 per cent. 6.30 “ Total Value. Shares in Force. 59 99 62 38 11 66 19 178 170 104 102 213 140 120 100 182 182 216 387 186 236 339 846 $11,163 17,630 10,368 5,948 1,608 8,985 2,401 20,815 18,315 10,277 9,197 17,417 10,305 7,882 5,800 9,198 7,878 7,830 11,381 4,237 3,856 3,420 3,384 39 91 26 90 31 90 79 32 80 28 34 01 40 80 00 28 78 00 67 08 24 51 00 T o t a l , ................................... $209,304 97 Dues capital, as per general ledger, . Profits capital, as per general ledger, Unpaid dues, . Total, . - . 00 13 $189 21 14 178 09 15 167 23 16 156 55 146 21 17 18 136 15 19 126 41 20 116 94 21 107 74 22 98 82 23 90 17 24 81 77 25 73 61 26 65 69 58 00 27 28 50 54 29 43 29 30 36 25 29 41 31 32 22 78 33 16 34 34 10 09 35 4 00 o o 1890,. 1891, . 1891, . 1892, . 1892, . 1893, . 1893, . 1894,. 1894, . 1895, . 1895, . 1896, . 1896, . 1897, . 1897, . 1898, . 1898, . 1899, . 1899, . 1900, . 1900, . 1901, . 1901, . m July, Jan., July, Jan., July, Jan., July, Jan., July, Jan., July, Jan., July, Jan., July, Jan., Julv, Jan., July, Jan., July, Jan., July, Value per Share. D ate of I ssu e. Series. Reconciliation of Share Account with Dues and Profits Capital. 33,634 97 823 00 $209,304 97 Number of shares issued during the y e a r , ............................................ 1,216 Number of shares now in f o r c e , ............................................................. 4,055 Number of shares now borrowed u p o n ,.....................................................1,245 Largest number of shares held by any one member, . . . . 25 Number of shares withdrawn during the y e a r , .......................................439 Number of shares forfeited during the y e a r ,................................................. 11 Number of shares matured during the y e a r ,.................................................42 Highest rate of premium or interest received on money sold during the year: 6 3-10 per cent. Lowest rate of premium or interest received on money sold during the year: 5 3-10 per cent. Rate of profits distributed: first term, 3 per cent.; second term, 2£ per cent. Number of members withdrawn during the y e a r ,................................... 29 Present number of members, . . ..................................................... 5 3 7 Present number of borrowers........................................................................ 182 Present number of non-borrowers,............................................................. 355 Number of loans secured by first mortgage of real estate, . . . 166 Number of loans on shares, . ............................................................. 18 Largest loan to any one member, . . . ............................................ $5,000 00 Smallest loan to any one member,...................................................................... 50 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 443 83 Date of examination by commissioner: March 15. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 298 REPORT OF THE [Pub. Doc W E S T F IE L D C O -O P E R A T IV E B A N K — W E S T F IE L D . Incorporated Dec. 13, 1881. Commenced business Dec. 19, 1881. J a m e s H . C l a r k , Secretary and Treasurer. A u g u st u s W . H olton , President. Names of security committee : A u g u st u s W. H o l to n , L e w e l l y n G l a d w in , Jr., E d w in D. A y e r y . Regular meetings the third Monday of each month. B a la n c e S h e e t O c t . 31, 1901. A ssets. L ia b il it ie s . Loans on real estate, $165,505 51 Loans on shares, . 10,542 00 Permanent expense account, 41 29 Temporary expense account, 248 75 Real estate by foreclosure, . 493 26 Suspense account, . 382 80 4,072 42 Unpaid interest, Cash in hands of treasurer, . 2,793 17 Dues capital, . . . . $151,268 12 Profits capital (all series), . 26,606 15 Interest, . . . . 2,799 93 F i n e s , ................................... 98 95 Withdrawal profits, 29 22 Guaranty fund. 1,921 19 Forfeited share account, 564 60 Matured share account, 791 04 $184,079 20 $184,079 20 Detailed Statement of Receipts and Disbursements fo r the Year ending Oct. 3 1 ,1 9 0 1 . R e c e ip t s . D is b u k s e m k n t s . From dues capital, . $39,137 62 interest, 10,348 48 fines, . . . . 244 15 real estate loans repaid, 37,686 83 real estate loans eliminated by foreclosure,. 1,000 00 real estate loans eliminated by maturity of 1,000 00 shares, share loans repaid, 17,699 05 withdrawal profits, 68 05 real estate by foreclosure, . . . . 1,095 30 suspense account, 19 13 Cash on hand Oct. 31,1900, . 6,151 83 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $114,450 44 For real estate loans, share loans, dues capital withdrawn, dues capital forfeited, dues capital retired, dues capital matured, profits capital withdrawn, profits capital forfeited, . profits capital retired, profits capital matured, . temporary expenses, permanent expenses, forfeited shares, interest on retired shares, real estate by foreclosure, matured share account, . interest, . . . . suspense account, . Cash on hand Oct. 31, 1901, . $26,683 18,200 32,810 45 3,546 13,551 6,550 43 1,302 5,312 1,029 55 1,235 63 1,329 770 116 13 2,793 17 50 00 00 00 00 70 31 00 00 08 29 80 75 32 40 35 60 17 $114,450 44 No. 8.] 299 SAYINGS BANK COMMISSIONERS Total Amount of Loans at Specified Bates of Interest. L oans on R eal E state. Amount. Rate. Amount. Rate. Amount. - - $10,542 00 6 per cent. $165,505 51 L oans on S h akes. Rate. 6 per cent. . . . . . . . . . . . . . . . . . . . . . . . . 16 $193 84 182 86 17 18 172 24 19 162 02 20 151 99 142 21 21 22 132 75 23 123 55 24 114 61 105 91 25 26 97 44 89 18 27 28 81 13 29 73 25 30 65 63 58 20 31 32 50 96 33 43 88 34 36 99 35 30 27 36 23 72 17 34 37 38 11 07 39 5 00 Dues paid in advance, . Total, Total Value. Dec., 1889, June, 1890, Dec., 1890, June, 1891, Dec., 1891, June, 1892, Dec , 1892, June, 1893, Dec., 1893, June, 1894, Dec., 1894, June, 1895, Dec., 1895, June, 1896, Dec., 1896, June, 1897, Dec., 1897, June, 1898, Dec., 1898, June, 1899, Dec., 1899, June, 1900, Dec., 1900, June, 1901, 'Shares in Force. Date of I ssu e. Value per Share. Series. Beconciliation of Share Account with Dues and Profits Capital. 29 29 58 65 97 36 123 38 75 71 151 50 113 50 99 125 243 171 236 161 234 225 424 300 $5,621 5,302 9,989 10,531 14,743 5,119 16,328 4,694 8,595 7,519 14,713 4,459 9,167 3,662 6,497 7,275 12,383 7,503 8,729 4,873 5,550 3,901 4,693 1,500 36 94 92 30 03 56 25 90 75 61 44 00 69 50 37 00 28 48 64 47 48 50 68 00 Dues capital, as per general ledger, Profits capital, as per general ledger, . Unpaid dues,. 26,606 15 5,735 88 ♦ ' 253 00 $183,610 15 Total, Number of shares issued during the y e a r , ............................................840 Number of shares now in f o r c e , .....................................................3,203 Number of shares now borrowed u p o n ,............................................1,292 Largest number of shares held by any one member, . . . .2 5 Number of shares withdrawn during the y e a r , ................................... 879 Number of shares forfeited during the y e a r , ............................................5 Number of shares retired during the y e a r , ............................................25 Number of shares matured during the y e a r ,............................................ 94 Highest rate of premium or interest received on money sold during the year: 6 per cent. Lowest rate of premium or interest received on money sold during the year: 6 per cent. Rate of profits distributed: first term, 2f per cent.; second term, 2 per cent. Number of members withdrawn during the year.......................................84 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $151,268 12 $183,610 15 300 REPORT OF THE [Pub. Doc. Present number of m em b ers,......................................................................... 442 Present number of borrowers,......................................................................... 245 Present number of non-borrowers,.................................................................197 Number of loans secured by first mortgage of real estate, . . . 163 Number of loans on s h a r e s , ........................................................................... 82 Largest loan to any one m e m b e r ,...................................................................... $5,000 00 Smallest loan to any one member,...................................................................... 5 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 1,043 08 Date of examination by commissioner : May 15. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis I » * No. 8.] SAYINGS BANK COMMISSIONERS 301 W E S T N E W T O N C O -O P E R A T IV E B A N K — W E S T N E W T O N . Incorporated June 14, 1892. Commenced business June 22, 1892. F r a n c is N e w h a m ., Secretary and Treasurer. M a r c u s M o r t o n , President. Names of security committee: C. M. W h it t l e s e y , J a m e s H. N ic k e r s o n , H e n r y H. H u n t . Regular meetings the fourth Wednesday of each month. B a l a n c e S h e e t O ct . 31, 1901. A ssets. Loans on real estate, Loans on shares, . Temporary expense account, Real estate by foreclosure, . Cash in hands of treasurer, . L ia b il it ie s . $69,650 4,470 101 4,514 2,531 00 00 05 68 41 $81,267 14 Dues capi tal , . . . . Profits capital (all series), . Interest, . . . . Premiums, . . . . F i n e s , ................................... Withdrawal profits, Guaranty fund, Surplus, . . . . Forfeited share account, Personal accounts, • $65,934 11,389 1,452 76 26 64 586 1,668 25 42 00 38 76 80 33 91 47 39 72 38 $81,267 14 Detailed Statement of Receipts and Disbursements for the Year ending Oct. 3 1 ,1 9 0 1 . R e c e ip t s . D is b u r s e m e n t s . From dues capital,. $21,233 00 interest, 4,110 50 218 83 premiums, . 169 28 fines, . . . . 11,480 00 real estate loans repaid, real estate loans elimi 2,500 00 nated by foreclosure, 1,655 00 share loans repaid, 223 82 withdrawal profits, 64 00 rent, . . . . Cash on hand Oct. 31, 1900, . 3,917 33 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $45,571 76 For real estate loans, . share loans, . dues capital withdrawn, profits capital withdrawn, temporary expenses, real estate by foreclosure, Cash on hand Oct. 31, 1901, . $24,075 3,930 10,999 1,116 278 2,641 2,531 00 00 00 38 45 52 41 $45,571 76 REPORT OF THE 302 [Pub. Doc Total Amount of Loans at Specified Rates of Interest. L oans on R eal E sta te. Amount. Rate. $67,450 00 1,200 00 6.30 per cent. 6.60 “ L oans on S h a k es. Amount. $700 00 300 00 Rate. Amount. Rate. 6.90 per cent. 7.50 “ $4,470 00 6.30 per cent. June, 1892, . Dec., 1892, . June, 1893, . Dec., 1893, . June, 1894, . Dec., 1894, . June, 1895, . Dec., 1895, . June, 1896, . Dec., 1896, . June, 1897, . Dec., 1897, . June, 1898, . Dec., 1898,. June, 1899, . Dec., 1899, . June, 1900, . Dec., 1900, . June, 1901, . 93 97 25 46 26 40 40 27 17 23 43 36 29 60 185 189 213 358 202 1 $147 18 2 137 20 3 127 39 4 117 89 108 74 5 6 99 77 91 17 7 82 74 8 9 74 60 10 66 67 11 58 99 12 51 52 44 29 13 14 37 24 30 41 15 16 23 77 17 34 17 11 09 18 19 5 00 Dues paid in advance, . • Total, Total Value. Shares in Force. Value per Share. D ate of Issu e. ‘Series. Reconciliation of Share Account with Dues and Profits Capital. $13,687 13,308 3,184 5,422 2,827 3,990 3,646 2,233 1,268 1,533 2,536 1,854 1,284 2,234 5,625 4,492 3,693 3,970 1,010 74 40 75 94 24 80 80 98 20 41 57 72 41 40 85 53 42 22 00 Dues capital, as per general ledger, . Profits capital, as per general ledger, . Unpaid dues, . $65,934 00 11,389 38 646 00 163 00 • $77,969 38 Total, $77,969 38 Number of shares issued during the y e a r , ............................................576 Number of shares now in f o r c e , .....................................................1,749 Number of shares now borrowed upon....................................................... 485 Largest number of shares held by any one member, . . . . 25 Number of shares withdrawn during the y e a r , ................................... 434 Highest rate of premium or interest received on money sold during the year: 5 cents premium. Lowest rate of premium or interest received on money sold during the year: 5 cents premium. Rate of profits distributed: first term, 3 per cent.; second term, 2A per cent. Number of members withdrawn during the y e a r ,................................... 37 Present number of m em bers,......................................................................... 221 Present number of borrowers,........................................................................... 60 Present number of non-borrowers,.................................................................161 Number of loans secured by first mortgage of real estate, . . . 50 Number of loans on s h a r e s , ........................................................................... 10 Largest loan to any one m e m b e r ,...................................................................... $4,900 00 Smallest loan to any one m em ber,...................................................................... 50 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 278 45 Date of examination by commissioner: October 11. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] SAVINGS BANK COMMISSIONERS. 303 WEST ROXBTTRY CO-OPERATIVE BANK —BOSTON. Steph en Incorporated Feb. 1, 1881. Commenced business March 3, 1881. F. W o o d m a n , President. B e n j a m i n II. J o n e s , Secretary and Treasurer. Names of security committee: E dw ard M. Brew er, R . S. B a rro w s. H enry A. W ood, Regular meetings the first Thursday of each month. B a la n c e S h e e t O ct . 31, 1901. L ia b il it ie s . A ssets. $329,350 00 Loans on real estate, 40,000 00 Loans on shares, . 3,997 75 Real estate by foreclosure, . 2,975 00 Mortgage, . . . . 873 91 Unpaid interest, 138 38 Unpaid fines, . . . . 32,347 34 Cash in hands of treasurer, . Dues capi tal , . . . . $334,667 00 64.563 58 Profits capital (all series), . 3,250 00 Guaranty fund, 6,853 98 Surpl us, . . . . . 39 82 Forfeited share account, Advance dues on account of 308 00 series 42, . $409,682 38 $409,682 38 Detailed Statement of Receipts and Disbursements fo r the Year ending Oct. 3 1 ,1 9 0 1 . D is b u r s e m e n t s . R e c e ip t s . $77,917 00 From dues capital,. 18,840 24 interest, 570 64 fines, . . . . 2 25 transfer fees, 33,850 00 real estate loans repaid, real estate loans elimi1,600 00 nated by foreclosure, real estate loans eliminated by maturity of 4,400 00 shares, 35,500 00 share loans repaid, 507 86 withdrawal profits, 1 32 forfeiture profits, . 85 66 forfeited shares, . real estate by foreclos1,967 72 ure, . . . . 125 00 mortgage, dues paid in advance on account of series 42, to be issued in No308 00 vember, 36,004 24 Cash on hand Oct. 31, 1900, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $211,679 93 For real estate loans, . share loans, . dues capital withdrawn, dues capital forfeited, . dues capital retired, dues capital matured, . profits capital withdrawn, profits capital forfeited, . profits capital retired, profits capital matured, . temporary expenses, forfeited shares, interest on retired shares, real estate bv foreclosure, Cash on hand Oct. 31, 1901, . $71,300 32,550 20,435 88 35,203 3,168 2,030 5 8,885 1,263 2,183 85 380 1.753 32,347 00 00 00 00 00 00 63 28 94 43 67 66 49 49 34 ■ $211,679 93 304 [Pub. Doc, REPORT OF THE Total Amount of Loans at Specified Bates of Interest. L oans on Sh a r es. L oans on R eal E sta te. Rate. Amount. $329,350 00 Amount. Rate. Amount. - - $40,000 00 5 per cent. Rate. 5 per cent. Nov., 1889, May, 1890, Nov., 1890, May, 1891, Nov., 1891, May, 1892, Nov., 1892, May, 1893, Nov., 1893, May, 1894, Nov., 1894, Mav, 1895, Nov., 1895, May, 1896, Nov., 1896, May, 1897, Nov., 1897, May, 1898, Nov., 1898, Mav, 1899, Nov., 1899, May, 1900, Nov., 1900, Mav, 1901, . . . . . . . . . . . . . . . . . . . . . . . . 18 $199 94 19 188 60 20 177 59 166 84 21 22 156 47 146 35 23 136 55 24 25 127 03 26 117 77 108 77 27 28 100 07 91 61 29 30 83 38 31 75 38 32 67 61 60 05 33 52 68 34 45 57 35 38 60 36 31 80 37 25 16 38 18 66 39 40 12 30 6 08 41 Dues paid in advance, . Total, 116 103 113 124 118 153 116 195 105 154 188 151 213 169 325 428 361 334 420 447 524 401 643 411 Total Value. Shares i n Force. D ate of I ssu e. Value per Share. Series. Reconciliation of Share Account with Dues and Profits Capital. $23,193 04 19,425 80 20,067 67 20,688 16 18,463 46 22,391 55 15,839 80 24,770 85 12,365 85 16,750 58 18,813 16 13,833 11 17,759 94 12,739 22 21,973 25 25,701 40 19,017 48 15,220 38 16,212 00 14,214 60 13,183 84 7,482 66 7,908 90 2,498 88 Dues capital, as per general ledger, . Profits capital, as per general ledger, . Unpaid dues, 64,563 58 2,088 00 803 00 $¡401,318 58 Total, Number of shares issued during the y e a r , ................................... 1,105 Number of shares now in f o r c e , ....................................................., 6,312 Number of shares now borrowed u p o n ,............................................2,746 Largest number of shares held by any one member, . . . . 25 Number of shares withdrawn during the y e a r , ................................... 624 Number of shares forfeited during the y e a r , ........................................... 8 Number of shares retired during the year, . . . . . .375 Number of shares matured during the y e a r ,............................................22 Highest rate of premium or interest received on money sold during the year, 5 per cent. Lowest rate of premium or interest received on money sold during the year, 5 per cent. Rate of profits distributed: first term, 2^per cent., second term, 2^ per cent, Number of members withdrawn during the y e a r ,................................... 109 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $334,667 00 $401,318 58 No. 8.] SAYINGS BANK COMMISSIONERS. 305 Present number of m em bers,......................................................................... 746 Present number of borrowers,......................................................................... 245 Present number of non-borrowers....................................................................501 Number of loans secured by first mortgage of real estate, . . .135 Number of loans on s h a r e s , .........................................................................110 Largest loan to any one m e m b e r ,......................................................................$5,000 00 Smallest loan to any one m em ber,...................................................................... 50 00 Amount of expenses of the corporation for the year ending Oct. 3, 1901, . 2,183 67 Date of examination by commissioner : May 27. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 306 [Pub. Doc REPORT OF THE WEST SOMERVILLE CO-OPERATIVE BARK —SOMER VILLE. J. W Incorporated Nov. 29, 1890. Commenced business Dec. 11, 1890. B a i l e y , President. O l i v e r II. P e r r y , Secretary and Treasurer. aeken * Names of security committee: L. E. M e r r y , E. S . S p a r r o w , D. E. R o b b in s . Regular meetings the third Monday of each month. B a la n c e S h e e t O ct . 31, 1901. A ssets. Loans on real estate, Loans on shares, Real estate by foreclosure, Unpaid interest, Unpaid fines, . . . . Cash in hands of treasurer, L ia b il it ie s . $211,150 14,440 12,672 536 118 . 1,541 00 00 27 33 78 67 Dues capi tal , . . . . Profits capital (all series), . Interest..................................... Premiums, . . . . Fines, . . . . . Transfer fees, Withdrawal profits, Guaranty fund, Surplus, . . . . Forfeited share account, $240,459 05 ' $201,124 36,194 949 1 19 37 756 1,340 35 00 43 55 60 34 75 72 55 11 00 $240,459 05 Detailed Statement of Receipts and Disbursements for the Year endinq Oct. 3 1 ,1 9 0 1 . R e c e ip t s . D is b u r s e m e n t s . From dues capital, . $57,227 00 interest, 11,091 91 premiums, . 38 71 fines, . . . . 257 41 transfer fees, 2 00 real estate loans repaid, 35,550 00 real estate loans eliminated by foreclosure, 4,000 00 share loans repaid, 12,917 00 withdrawal profits, 648 42 forfeited shares, . 320 00 real estate by foreclos1,060 00 ure, . . . . 100 00 surplus, Cash on hand Oct. 31, 1900, . 4,407 46 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $127,619 91 For real estate loans, . share loans, . dues capital withdrawn, dues capital forfeited, . dues capital retired, profits capital withdrawn, profits capital forfeited, . profits capital retired, temporary expenses, forfeited shares, real estate by foreclosure, Cash on hand Oct. 31, 1901, . $60,200 15,827 24,207 320 12,020 4,114 25 3,302 1,074 320 4,666 1,541 00 00 00 00 00 51 40 41 93 00 99 67 $127,619 91 No. 8.] 307 SAYINGS BANK COMMISSIONERS Total Amount of Loans at Specified Bates of Interest. L oans on Sh a k es. L oans on R eal E sta te. Amount. Rate. Amount. Rate. Amount. Rate. $189,150 00 13,450 00 5.00 per cent. 6.00 “ $7,150 00 1,400 00 6.30 per cent. 6.60 “ $13,990 00 450 00 5.00 per cent. 6.00 “ Dec., 1890, . April, 1891,. Oct., 1891,. April, 1892,. Oct., 1892,. April, 1893,. Oct., 1893,. April, 1894,. Oct., 1894,. April, 1895,. Oct., 1895,. April, 1896, . Oct., 1896, . April, 1897, . Oct., 1897, . April, 1898,. Oct., 1898,. April, 1899,. Oct., 1899,. April, 1900,. Oct., 1900,. April, 1901, . Oct., 1901,. 1 $178 38 2 171 01 160 30 3 149 88 4 139 77 5 129 98 6 120 48 7 111 30 8 102 39 9 93 74 10 85 32 11 12 77 17 13 69 24 14 61 54 54 08 15 46 83 16 39 78 17 32 91 18 19 26 20 20 19 67 13 30 21 22 7 08 1 00 23 Dues paid in advance, . Total, • 104 87 76 104 84 90 70 45 110 107 144 156 76 189 244 257 206 386 336 563 599 586 367 Total Value. Shares in Force. Series. D ate of I ssu e. Value per Share. Beconciliation of Share Account with Dues and Profits Capital. $18,551 14,877 12,182 15,587 11,740 11,698 8,433 5,008 11,262 10,030 12,286 12,038 5,262 11,631 13,195 12,035 8,194 12,703 8,803 11,074 7,966 4,148 367 52 Dues capital, as per general ledger, . 87 80 Profits capital, as per general ledger, . 52, 68 Unpaid dues, . 20 60 50 90 18 08 52 24 06 52 31 68 26 20 21 70 88 00 36,194 43 1,942 00 180 00 $239,260 43 Total, Number of shares issued during the y e a r , ................................... 1,237 Number of shares now in f o r c e , .................................................... 4,986 Number of shares now borrowed u p o n ,............................................ 1,436 Largest number of shares held by any one member, . . . . 25^ Number of shares withdrawn during the year...........................................628 Number of shares forfeited during the y e a r ,............................................20 Number of shares retired during the y e a r , ............................................ 122 Highest rate of premium or interest received on money sold during the year: 5 per cent. Lowest rate of premium or interest received on money sold during the year: 5 per cent. Rate of profits distributed : first term, 2£ per cent.; second term, 2^ per cent. Number of members withdrawn during the y e a r ,................................... 77 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $201,124 00 $239,260 43 308 REPORT OF THE [Pub. Doc. Present number of m em bers,..........................................................................576 Present number of borrowers............................................................................129 Present number of non-borrowers,.................................................................447 Number of loans secured by first mortgage of real estate, . . .. 97 Number of loans on s h a r e s , ........................................................... 69 Largest loan to any one m e m b e r ,...................................................................... $5,000 00 Smallest loan to any one m em ber,.................................................... 5 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 1,074 93 Date of examination by commissioner: January 17. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.J SAYINGS BANK COMMISSIONERS 309 WEST SPRINGFIELD CO-OPERATIVE BANK —WEST SPRINGFIELD. Incorporated April 8, 1897. Commenced business May 12, 1897. President. J o h n C . W o r c e s t e r , Secretary. H e n r y E . S c i i m u c k , Treasurer. F e e d H . S ib l e y , Charles A. Names of security committee : dgerton, J a m e s F. T a l c o t t A. R o g e r s . E M cC a r t h y , Regular meetings the second Wednesday of each month. B a l a n c e S h e e t O ct . 31, 1901. A ssets. Loans on real estate, Loans on shares, . Unpaid interest, Unpaid tines, . . . . Cash in hands of treasurer, . L ia b il it ie s . $49,625 3,685 65 17 1,594 00 00 04 22 69 Dues capi tal , . . . . Profits capital (all series), . Guaranty fund, Surplus,................................... $54,986 95 $50,208 4,584 71 122 00 65 67 63 $54,986 95 Detailed Statement of Receipts and Disbursements for the Year ending Oct. 3 1 ,1 9 0 1 . R e c e ip t s . From dues capital,. interest, fines, . . . . transfer fees, real estate loans repaid, share loans repaid, security committee, Cash on hand Oct. 31, 1900, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis D is b u r s e m e n t s . $21,669 2,384 59 1 6,050 1,710 19 2,160 00 16 44 50 00 00 50 69 $34,054 29 For real estate loans, share loans, dues capital withdrawn, profits capital withdrawn, temporary expenses, forfeited shares, . ' . Cash on hand Oct. 31, 1901, . $23,525 3,685 4,727 362 97 62 1,594 00 00 00 75 70 15 69 $34,054 29 310 REPORT OF THE [Pub. Doc Total Amount of Loans at Specified Rates of Interest. L oans on R eal E sta te. Amount. Rate. $49,625 00 L oans on Sh a res. Amount. Rate. Amount. - - $3,685 00 5 per cent. Rate. 5 per cent. 1 2 3 4 5 6 7 8 9 $61 53 46 39 32 25 18 12 6 Dues paid in advance, . Total, • 48 89 43 20 18 36 75 32 08 Total Value. . . . . . . . . . Shares in Force. 1897, 1897, 1898, 1898, 1899, 1899, 1900, 1900, 1901, 187 210 118 168 123 206 313 246 336 $11.496 11,316 5,478 6,585 3,958 5,224 5,868 3,030 2,042 76 90 74 60 14 16 75 72 88 Dues capital, as per general ledger, . .“ . Profits capital, as per general ledger, . Unpaid dues, . 4,584 65 301 00 91 00 $55,093 65 Total, $55,093 65 oo © CO m Number of shares issued during the y e a r , ............................................618 Number of shares now in f o r c e , .................................................... 1,907 Number of shares now borrowed u p o n ,.................................................... 465 Largest number of shares held by any one member, . . . . 25 Number of shares withdrawn during the y e a r , ................................... 199 Highest rate of premium or interest received on money sold during the year, 6 per cent. Lowest rate of premium or interest received on money sold during the year, 5 per cent. Rate of profits distributed: first term, 2 | per cent.; second term, 2^ percent. Number of members withdrawn during the year, . . . . . 35 Present number of m em b ers,............................................................. . 254 Present number of borrowers,............................................................. . 66 Present number of non-borrowers, . ................................... . 188 Number of loans secured by first mortgage of real estate, . 45 Number of loans on s h a r e s , ............................................................. . 21 Largest loan to any one m e m b e r ,..................................................... . # Smallest loan to any one m ember,................................... • Amount of expenses of the corporation for the year ending Oct. 31, 1901, . Date of examination by commissioner : February 25. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis n c G oc c d May, Nov., Mav, Nov., May, Nov., May, Nov., May, Series. D I a s t s eu e o . f Value per Share. Reconciliation of Share Account with Dues and Profits Capital. 00 35 00 127 39 No. 8.] SAVINGS BANK COMMISSIONERS 311 W H IT M A N C O -O P E R A T IV E B A N K — W H IT M A N . Incorporated March 6,1889. Commenced business March 11, 1889. A mos S. S t e t so n , President. G e o r g e D. S o u l e , Secretary and Treasurer. Names of security committee: A r t h u r Colem an, George D . S oule, George A . D orr. Regular meetings the second Monday of each month. B a l a n c e S h e e t O c t . 31, 1901. A ssets. L ia b il it ie s . $100,575 00 Loans on real estate, 2,640 00 Loans on shares, . 72 79 Temporary expense account,. 14,629 55 Real estate by foreclosure, . 600 00 Mortgages, . . . . 1,215 51 Unpaid interest, 71 40 Unpaid premiums, 90 14 Unpaid tines, . . . . 1,635 78 Cash in hands of treasurer, . Dues capi tal, . . . . Profits capital (all series), . Interest, . . . . Premiums, . . . . F i n e s , ................................... Transfer fees, Withdrawal profits, Forfeiture profits, . Guaranty fund, Surplus, . . . . Matured share account, Due on mortgage loans, $121,530 17 $93,911 20,699 1,067 65 64 1 1 546 2,181 2,089 900 00 82 98 30 50 00 52 76 67 79 83 00 $121,530 17 Detailed Statement o f Receipts and Disbursements fo r the Year endinq Oct. 3 1 ,1 9 0 1 . R e c e ip t s . D is b u r s e m e n t s . $26,328 00 From dues capital,. interest, 6,537 10 399 60 premiums, . fines, . . . . 427 59 2 50 transfer fees, 4,050 00 real estate loans repaid, real estate loans elimi7,600 00 nated by foreclosure, real estate loans eliminated by maturity of 3,600 00 shares, 4,210 00 share loans repaid, 280 54 withdrawal profits, 30 95 forfeiture profits, . 878 96 forfeited shares, . real estate by foreclos8,308 39 ure, . . . . 14,098 41 matured share account, 50 00 mortgage, 900 00 due on mortgage loans, 140 94 Cash on hand Oct. 31, 1900, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $77,842 98 For real estate loans, share loans, . dues capital withdrawn, dues capital forfeited, dues capital retired, dues capital matured, . profits capital withdrawn, profits capital forfeited, . profits capital retired, profits capital matured, . temporary expenses, forfeited shares, real estate by foreclosure, matured share account, . interest on retired shares, interest on m a t u r e d shares, . . . . Cash on hand Oct. 31, 1901, . $12,875 2,480 7,910 815 7,133 11,674 1,122 123 2,882 5,139 438 878 9,664 12,810 213 00 00 00 00 00 00 08 75 84 41 46 96 32 66 68 46 04 1,635 78 $77,842 98 312 REPORT OF THE [Pub. Doc. Total Amount of Loans at Specified Rates of Interest. L oans on R bal E sta te. L oans on Sh a res. Amount. Rate. Amount. Rate. Amount. Rate. $86,275 00 10,200 00 6.30 per cent. 6.60 “ $1,800 00 2,300 00 6.90 per cent. 7.20 « $2,340 00 300 00 6.30 per cent. 6.60 “ Sept., 1890, Mar., 1891, Sept., 1891, Mar., 1892, Sept., 1892, Mar., 1893, Sept., 1893, Mar., 1894, Sept., 1894, Mar., 1895, Sept., 1895, Mar., 1896, Sept., 1896, Mar., 1897, Sept., 1897, Mar., 1898, Sept., 1898, Mar., 1899, Sept., 1899, Mar., 1900, Sept., 1900, Mar., 1901, Sept., 1901, . . . . . . . . . . . . . . . . . . . . . . . 4 $189 18 5 177 61 6 166 39 155 46 7 8 144 94 9 134 76 10 124 93 11 115 41 12 106 19 13 97 24 14 88 53 15 80 10 16 71 90 63 94 17 18 56 22 19 48 73 20 41 45 21 34 37 22 27 51 23 20 85 24 14 38 25 8 10 26 2 00 Dues paid in advance, . Total, 41 79 22 45 50 67 5 55 45 77 57 53 42 72 74 51 88 120 111 287 262 422 312 Total Value. Shares in Force. D ate of I ssu e. Value per Share. Series. Reconciliation of Share Account with Dues and Profits Capital. $7,756 14,031 3,660 6,995 7,247 9,028 624 6,347 4.778 7,487 5,046 4,245 3,019 4,603 4,160 2,485 3,647 4,124 3,053 5,983 3,767 3,418 624 38 19 58 70 00 92 65 55 55 48 21 30 80 68 28 23 60 40 61 95 56 20 00 Dues capital, as per general ledger, Profits capital, as per general ledger, . Unpaid dues, 20,699 82 1,627 00 100 00 $116,237 82 Total, Number of shares issued during the y e a r , ............................................803 Number of shares now in f o r c e , .....................................................2,437 Number of shares now borrowed u p o n ,.................................................... 571 Largest number of shares held by any one member, . . . . 25 Number of shares withdrawn during the y e a r , ................................... 279 Number of shares forfeited during the y e a r ,............................................39 Number of shares retired during the y e a r , ............................................52 Number of shares matured during the y e a r ,............................................84 Highest rate of premium or interest received on money sold during the year, 15 cents premium. Lowest rate of premium or interest received on money sold during the year, 5 cents premium. Rate of profits distributed: first term, 3 per cent.; second term, 3 per cent. Number of members withdrawn during the y e a r ,...................................70 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $93,911 00 $116,237 82 No. 8.] SAYINGS BANK COMMISSIONERS. 313 Present number of m em b ers,......................................................................... 421 Present number of borrowers,......................................................................... 102 Present number of non-borrowers....................................................................319 Number of loans secured by first mortgage of real estate, . . .112 Number of loans on s h a r e s , ........................................................................... 12 Largest loan to any one m e m b e r ,......................................................................$4,000 00 Smallest loan to any one m em ber,...................................................................... 20 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 438 46 Date of examination by commissioner: March 25. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 314 REPORT OF THE [Pub. Doc. W IN CHEW’D O N C O -O P E R A T IV E B A N K — W IN C H E N D O N . Incorporated Sept. 9, 1891. Commenced business Sept. 16, 1891. F r e d e r ic k W. R u s s e l l , President. W a l d o C. C o r e y , Secretary. S il a s A . G r e e n w o o d , Treasurer. Names of security committee: A mos S. L a m b , C h a r l e s T. S t e a r n s , J ohn Sw e et ser . Regular meetings the third Wednesday of each month. B a l a n c e S h e e t O ct . 31, 1901. A ssets. Loans on real estate, Loans on shares, . Temporary expense account, Cash in hands of treasurer, . L ia b il it ie s . $79,435 2,335 14 1,119 00 00 15 91 Dues capital, Profits capital (all series), . Interest.................................... F i n e s , ................................... Transfer fees, Withdrawal profits, Guaranty fund, . Surplus, . . . . $82,904 06 $69,456 00 11,801 86 608 62 79 75 107 56 454 08 474 40 $82,904 06 Detailed Statement of Receipts and Disbursements for the Year endinp Oct. 3 1 ,1 9 0 1 . R e c e ip t s . Fromidues capital,. interest, premiums, . fines, . . . . transfer fees, real estate loans repaid, share loans repaid, withdrawal profits, Cash on hand Oct. 31, 1900, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis D is b u r s e m e n t s . $20,438 4,195 8 110 1 9,550 2,792 184 4,786 00 22 00 62 50 00 00 81 11 $42,066 26 For real estate loans, . share loans, . dues capital withdrawn, dues capital forfeited, dues capital retired. profits capital withdrawn, profits capital forfeited, . profits capital retired, temporary expenses, interest on retired shares, Cash on hand Oct. 31, 1901, . $20,800 2,702 11,412 15 2,877 1,853 944 326 15 1,119 00 00 00 00 00 48 45 50 17 75 91 $42,066 26 No. 8.] SAYINGS BANK COMMISSIONERS 315 Total Amount of Loans at Specified Rates o f Interest. L oans on R eal E sta te. Amount. $62,475 00 Rate. 5 per cent. L oans on Sh a r es. Amount. Rate. $16,960 00 Amount. 6 per cent. $2,155 00 180 00 Rate. 5 per cent. 6 Dues paid in advance, . Total, Total Value. 1 $163 66 2 153 12 3 142 91 4 132 98 5 123 32 6 113 95 104 86 7 96 04 8 9 87 47 10 79 14 11 71 07 12 63 22 13 55 61 14 48 22 41 03 15 16 34 06 27 30 17 18 20 73 19 14 33 20 8 09 2 00 21 Shares in Force. Sept., 1891, . Mar., 1892, . Sept., 1892, . Mar., 1893, . Sept., 1893, . Mar., 1894, . Sept., 1894, . Mar., 1895, . Sept., 1895, . Mar., 1896, . Sept., 1896, . Mar., 1897,. Sept.. 1897, • Mar., 1898, . Sept., 1898, . Mar., 1899, . Sept., 1899, . Mar., 1900, . Sept., 1900, . Mar., 1901, . Sept., 1901, . Value per Share. D ate of Issu e. Series. Reconciliation of Share Account with Dues and Profits Capital. 22 78 14 37 21 30 15 36 92 32 41 111 73 68 101 108 211 80 193 178 251 $3,600 11,943 2,000 4,920 2,589 3,418 1,572 3,457 8,047 2,532 2,913 7,017 4,059 3,278 4,144 3,678 5,760 1,658 2,765 1,440 502 . 52 36 74 26 72 50 90 44 24 48 87 42 53 96 03 48 30 40 69 02 00 Dues capital, as per general ledger, . Profits capital, as per general ledger, . Unpaid dues, . $69,456 00 11,801 86 243 00 199 00 $81,500 86 Total, $81,500 86 Number of shares issued during the y e a r , ............................................485 Number of shares now in f o r c e , .................................................... 1,792 Number of shares now borrowed u p o n ,.................................................... 497 Largest number of shares held by any one member, . . . . 25 Number of shares withdrawn during the y e a r , ................................... 290 Number of shares forfeited during the y e a r ,............................................5 Number of shares retired during the y e a r , ............................................25 Highest rate of premium or interest received on money sold during the year: 5 per cent. Lowest rate of premium or interest received on money sold during the year: 5 per cent. Rate of profits distributed: first term, per cent.; second term, 2£ per cent. Number of members withdrawn during the y e a r ,................................... 20 Present number of m em bers,......................................................................... 300 Present number of borrowers,......................................................................... 100 Present number of non-borrowers,.................................................................200 Number of loans secured by first mortgage of real estate, . . . 102 Number of loans on shares, 22 Largest loan to any one m e m b e r ,......................................................................$2,500 00 Smallest loan to any one member, . ..................................................... 20 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 326 17 Date of examination by commissioner : July 18. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 316 REPORT OF THE [Pub. Doc. W IN C H E S T E R C O -O P E R A T IV E B A N K — W IN C H E S T E R . Incorporated Nov. 13, 1893. Commenced business Nov. 13, 1893. T. B. C o t t e r , Secretary and Treasurer. H o w a r d D. N a s h , President. Names of security committee : G e o r g e A. F e r n a l d , N a t h a n H. T a y l o r , T h eo . e . H urd. Regular meetings the first Monday of each month. B a la n c e S h e e t O c t , 31, 1901. A ssets. L ia b il it ie s . Loans on real estate, $126,050 00 Loans on shares, . 5,165 00 Real estate by foreclosure, . 3,890 00 Cash in hands of treasurer, . 327 28 Dues capital, Profits capital (all series), . Guaranty fund, Surplus, . . . . Profit and loss, $135,432 28 $117,059 17,246 400 400 326 00 55 00 00 73 $135,432 28 Detailed Statement of Receipts and Disbursements for the Year endinq Oct. 3 1 ,1 9 0 1 . R e c e ip t s . From dues capital,. interest, fines, . . . . transfer fees, real estate loans repaid, share loans repaid, withdrawal profits, Cash on hand Oct. 31, 1900, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis D is b u r s e m e n t s . $35,484 6,558 323 1 10,400 1,900 201 483 00 82 33 00 00 00 72 86 $55,352 73 For real estate loans, . share loans, . dues capital withdrawn, profits capital withdrawn, temporary expenses, real estate by foreclosure, Cash on hand Oct. 31, 1901, $29,400 3,675 15,357 1,787 916 3,890 327 00 00 00 12 33 00 28 $55,352 73 No. 8.] 317 SAYINGS BANK COMMISSIONERS Total Amount of Loans at Specified Rates of Interest. L oans on R ea l E sta te. L oans on Sha res. Amount. Rate. Amount. Rate. Amount. Rate. $96,500 00 10,800 00 5.30 per cent. 5.60 “ $14,200 00 4,550 00 6.00 per cent. 6.30 “ $5,040 00 125 00 5.30 per cent. 6.00 “ Dues paid in advance, . Total, Total Value. . 1 $119 99 . 2 110 77 . 3 101 80 . 4 93 11 84 66 . 5 . 6 76 47 68 51 . 7 60 76 . 8 . 9 53 25 . 10 45 97 38 90 . 11 32 01 . 12 . 13 25 29 18 73 . 14 12 33 . 15 . 16 6 09 Shares in Force. Nov., 1893, May, 1894, Nov., 1894, May, 1895, Nov., 1895, May, 1896, Nov., 1896, May, 1897, Nov., 1897, May, 1898, Nov., 1898, May, 1899, Nov., 1899, May, 1900, Nov., 1900, May, 1901, Value per Share. D ate of I ssu e. Series. Reconciliation of Share Account with Dues and Profits Capital. 137 101 98 114 127 182 112 173 171 85 161 172 228 382 308 409 $16,438 11,187 9,976 10,614 10,751 13,917 7,673 10,511 9,105 3,907 6,262 5,505 5,766 7,154 3,797 2,490 63 77 40 54 82 54 12 48 75 45 90 72 12 86 64 81 Dues capital, as per genoral ledger, . $117,059 00 Profits capital, as per general ledger, . 17,246 55 Unpaid dues, . 981 00 224 00 $135,286 55 Total, $135,286 55 Number of shares issued during the y e a r , ............................................868 Number of shares now in f o r c e , .................................................... 2,960 Number of shares now borrowed u p o n ,.................................................... 780 Largest number of shares held by any one member, . . . . 25 Number of shares withdrawn during the year........................................... 545 Highest rate of premium or interest received on money sold during the year: 6 per cent. Lowest rate of premium or interest received on money sold during the year: 5 3-10 per cent. Rate of profits distributed: first term, 2£ per cent.; second term, 2J per cent. Number of members withdrawn during the y e a r ,........................................ 53 Present number of m em b ers,......................................................................... 338 Present number of b o r r o w e r s , .................................................................. 84 Present number of non-borrowers,.................................................................254 Number of loans secured by first mortgage of real estate, •. . .7 7 Number of loans on s h a r e s , ........................................................................... 22 Largest loan to any one member........................................................................... $5,000 00 Smallest loan to any one m em ber,...................................................................... 50 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 916 33 Date of examination by commissioner : September 20. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis [Pub. Doc. REPORT OF THE 318 W O B U R N C O -O P E R A T IV E B A N K — W O B U R N . Incorporated Feb. 21,1887. Commenced business March 10, 1887. J o h n C. B u c k , Secretary and Treasurer. J a m e s S k in n e r , President. Names of security committee : W in t h r o p H a m m o n d , T h om as S a l m o n , J. H . P ark er, F. W . Gretd on, L aw rence R ea d e. Regular meetings the second Thursday of each month. B a la n c e S h e e t O c t . 31, 1901. L ia b il it ie s . A ssets. $201,025 00 Loans on real estate, 10,475 00 Loans on shares, . 300 00 Permanent expense account, Temporary expense account, 81 00 11,644 42 Real estate by foreclosure, . 2,700 00 Mortgages, . . . . 805 12 Unpaid interest, Unpaid premiums, 37 20 73 14 Unpaid fines, . . . . 52 75 Taxes, . . . . . Cash in hands of treasurer, . 2,730 64 $187,014 00 Dues capital, . . . . 37,473 52 Profits capital (all series), . 706 65 Interest,. . . 38 10 Premiums, . . . . 25 Transfer fees, 131 70 Withdrawal profits, 2,504 80 Guaranty fund, 2,039 45 Surplus,................................... 15 80 Forfeited share account, $229,924 27 $229,924 27 Detailed Statement of Receipts and Disbursements fo r the Year ending Oct. 3 1 ,1 9 0 1 . D is b u r s e m e n t s . R e c e ip t s . $45,682 00 From dues capital,. 12,288 24 interest, 663 86 premiums, . 629 67 fines................................. transfer fees, 3 50 19,500 00 real estate loans repaid, real estate loans eliminated by foreclosure, 5,597 71 9,260 00 share loans repaid, 540 95 withdrawal profits, 4 34 forfeiture profits, . real estate by foreclosure, . . . . 11,277 97 15 00 temporary expense, 4,321 52 Cash on hand Oct. 31, 1900, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $109,784 76 For real estate loans, . share loans, . dues capital withdrawn, dues capital forfeited, dues capital retired, profits capital withdrawn, profits capital forfeited, . profits capital retired, temporary expenses, forfeited shares, interest on retired shares, real estate by foreclosure, mortgage, taxes, . . . . interest, . . . . premium, Cash on hand Oct. 31, 1901, . $46,597 11,075 14,060 173 17,348 2,162 17 6,403 1,042 122 207 6,278 1,500 52 3 9 2,730 71 00 00 00 00 63 32 52 78 80 31 40 00 75 50 40 64 $109,784 76 No. 8.] SAYINGS BANK COMMISSIONERS 319 Total Amount of Loans at Specified Rates of Interest. L oans on Sh a r es. L oans on R eal E state. Amount. Rate. Amount. Rate. Amount. Rate. $193,175 00 4,650 00 6.30 per cent. 6.60 « $3,200 00 6.90 per cent. $10,475 00 6.30 per cent. • 1 14 52 85 120 92 116 82 189 118 154 22 38 218 159 163 235 563 188 148 231 214 601 91 $199 2,621 9,133 13,973 18,418 13,148 15,393 10,062 21,408 12,275 14,645 1,902 2,967 15,255 9,881 8,888 11,080 22,514 6,205 3,885 4,548 2,848 4,255 91 13 50 80 15 80 64 20 22 03 54 40 12 80 64 85 39 25 37 88 00 39 34 08 00 Dues capital, as per general ledger, . Profits capital, as per general ledger, . Unpaid dues, . $187,014 00 37,473 52 1,380 00 264 00 Dues paid in advance, . Total, Total Value. 7 $199 13 8 187 25 175 65 9 164 39 10 153 49 11 142 92 12 132 70 13 122 71 14 113 27 15 104 03 16 95 10 17 86 46 18 78 10 19 69 98 20 62 15 21 54 53 22 23 47 15 39 99 24 33 01 25 26 25 26 19 69 27 28 13 31 29 7 08 1 00 30 Shares in Force. April, 1890,. Oct., 1890,. April, 1891,. Oct., 1891,. April, 1892,. Oct , 1892,. April, 1893,. Oct., 1893,. April, 1894,. Oct, 1894,. April, 1895,. Oct., 1895,. April, 1896,. Oct., 1896,. April, 1897,. Oct., 1897,. April, 1898,. Oct., 1898,. April, 1899,. Oct., 1899,. April, 1900, . Oct.. 1900,. April, 1901,. Oct., 1901,. Series. D ate op Issu e. Value per Share. Reconciliation of Share Account with Dues and Profits Capital. • • $225,867 52 Total, $225,867 52 Number of shares issued during the y e a r , ............................................ 808 Number of shares now in f o r c e , .....................................................3,894 Number of shares now borrowed u p o n ,............................................1,265 Largest number of shares held by any one member, . . . . 25 Number of shares withdrawn during the y e a r , ................................... 372 • Number of shares forfeited during the y e a r ,............................................ 27 Number of shares retired during the y e a r , ............................................153 Highest rate of premium or interest received on money sold during the year: 6 3-10 per cent. Lowest rate of premium or interest received on money sold during the year: 6 3-10 per cent. Rate of profits distributed: first term, 2£ per cent.; second term, 2^ per cent. Number of members withdrawn during the y e a r ,....................................52 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 320 REPORT OF THE [Pub. Doc. Present number of m em b ers,......................................................................... 554 Present number of borrowers,..........................................................................171 Present number of non-borrowers,.................................................................383 Number of loans secured by first mortgage of real estate, . . . 169 Number of loans on s h a r e s , ........................................................................... 27 Largest loan to any one member........................................................................... $5,000 00 Smallest loan to any one member.......................................................................... 50 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 1,054 91 Date of examination by commissioner : February 25. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] 321 SAYINGS BANK COMMISSIONERS W O L L A ST O N C O -O P E R A T IV E B A N K - Q U I N C Y (W O L L A S T O N ). Incorporated April 8, 1889. Commenced business April 16, 1889. H e r b e r t W . P in k h a m , Secretary and Treasurer. S m it h B. H a r k in g t o n , President. Names of security committee: Q u in c y A. F a u n c e , G e o r g e E. T h o m a s , H e r b e r t T. W h it m a n . Regular meetings tbe third Tuesday of each month. B a l a n c e S h e e t O c t . 31, 1901. L ia b il it ie s . A ssets. $199,500 00 Loans on real estate, 12,180 00 Loans on shares, . 19,777 41 Real estate by foreclosure, . 977 86 Unpaid interest, 41 25 Unpaid premiums, 162 75 Unpaid fi nes, . . . . 9,926 69 Cash in hands of treasurer, . Dues capital, . . . . Profits capital (all series), Transfer fees, Withdrawal profits, Guaranty fund, Surplus, . . . . . $202,593 00 36,956 12 75 94 41 1,900 00 1,021 68 $242,565 96 $242,565 96 Detailed Statement of Receipts and Disbursements fo r the Year ending Oct. 3 1 ,1 9 0 1 . D is b u r s e m e n t s . R e c e ip t s . From dues capital,. interest, premiums, . fines, . . . . transfer fees, real estate loans repaid, real estate loans eliminated by foreclosure, real estate loans eliminated by maturity of shares, share loans repaid, withdrawal profits, forfeiture profits, . real estate by foreclosure............................... retired share account, . matured share account, Cash on hand Oct. 31, 1900, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $61,981 13,003 758 731 7 41,825 00 09 85 57 75 00 8,600 00 1,950 10,415 729 67 00 00 05 28 5,313 20,630 12,365 6,630 71 18 70 29 $184,008 47 For real estate loans, . share loans, dues capital withdrawn, dues capital forfeited, . dues capital retired, dues capital matured, profits capital withdrawn, profits capital forfeited, . profits capital retired, profits capital matured, . temporary expenses, interest on retired shares, real estate by foreclosure, retired share account, . matured share account, . Cash on hand Oct. 31, 1901, . $46,275 10,835 25,190 1,740 16,512 10,212 2,939 254 4,051 4,703 1,501 217 15,873 21,007 12,768 9,926 00 00 00 00 00 00 81 79 51 70 86 25 37 47 02 69 $184,008 74 322 [Pub. Doc REPORT OF THE Total Amount of Loans at Specified Rates of Interest. L oans on Sh a r es. L oans on R ea l E sta te. Rate. Amount. Amount. Rate. Amount. Rate. $4,400 00 178,450 00 14,500 00 5.50 per cent. 6.30 6.60 $1,200 00 950 00 6.90 per cent. 7.50 $380 00 11,650 00 150 00 5.50 per cent. 6.30 “ 7.50 “ Oct., 1890,. April, 1891,. Oct., 1891, . April, 1892,. Oct., 1892,. April, 1893,. Oct., 1893,. April, 1894,. Oct., 1894, . April, 1895,. Oct., 1895, . April, 1896,. Oct., 1896, . April, 1897,. Oct., 1897,. April, 1898,. Oct., 1898,. April, 1899, . Oct., 1899, . April, 1900,. Oct., 1900,. April, 1901,. Oct., 1901,. 4 $190 07 5 178 32 6 166 92 155 88 7 145 21 8 134 88 9 10 124 82 11 115 13 12 105 74 13 96 67 14 87 87 79 34 15 16 71 06 63 04 17 18 55 28 19 47 75 40 44 20 33 35 21 26 48 22 23 19 83 24 13 37 25 7 09 1 00 26 Dues paid in advance, . Total, 48 39 33 76 69 50 37 95 120 126 84 249 220 356 202 288 261 528 426 459 612 593 533 Total Value. Shares in Force. Value per Share. D ate of I ssu e. Series. Reconciliation of Share Account ivith Dues and Profits Capital. $9,123 36 6,954 48 5,508 36 11,846 88 10,019 49 6,744 00 4,618 34 10,937 35 12,688 80 12,180 42 7,381 08 19,755 66 15,633 20 22,442 24 11,166 56 13,752 00 10,554 84 17,608 80 11,280 48 9,101 97 8,182 44 4,204 37 533 00 . 245 00 • $242,463 12 Dues capital, as per gen$202,593 00 eral ledger, . Profits capital, as per 36,956 12 general ledger, . 2,914 00 Unpaid dues, . » Total, Number of shares issued during the year...........................................1,329 Number of shares now in f o r c e , .....................................................5,504 Number of shares now borrowed u p o n ,............................................ 1,289 Largest number of shares held by any one member, . . . . 25 Number of shares withdrawn during the y e a r , ................................... 896 Number of shares forfeited during the y e a r ,............................................ 79 Number of shares retired during the y e a r , ............................................ 199 Number of shares matured during the y e a r ,............................................74 Highest rate of premium or interest received on money sold during the year: 5 cents premium. Lowest rate of premium or interest received on money sold during the year: 5^ per cent. Rate of profits distributed: first term, 3 per cent.; second term, 2§ per cent. Number of members withdrawn during the year,,................................... 131 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $242,463 12 No. 8.] SAYINGS BANK COMMISSIONERS. 323 Present number of m em b ers,.........................................................................628 Present number of borrowers,......................................................................... 144 Present number of non-borrowers,.................................................................484 Number of loans secured by first mortgage of real estate, . . . 143 Number of loans on shares, ........................................................................... 60 Largest loan to any one m e m b e r ,......................................................................$5,000 00 Smallest loan to any one m ember,...................................................................... 15 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 1,501 8 6 Date of examination by commissioner : January 9. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis [Pub. Doc REPORT OF THE 324 W O R C E S T E R C O -O P E R A T IV E B A N K — W O R C E S T E R . Incorporated Oct. 19, 1877. Commenced business Oct. 19, 1877. T. J. H a st in g s , Secretary and Treasurer.. S t e p h e n C. E a r l e , President. Names of security committee: H enry B rannon, * H . H . B ig e l o w , M. S. B e a m a n . Regular meetings the third Monday of each month. 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. Loans on real estate, $340,585 00 12,570 00 Loans on shares, . 329 03 Temporary expense account, 8,164 31 Real estate by foreclosure, . Unpaid interest, 2,530 17 11,640 76 Cash in hands of treasurer, . Dues capital............................ Profits capital (all series), . Interest, . . . . Fines......................................... Guaranty fund, Surplus,................................... Forfeited share account, $308,657 00 56,158 6 8 2,091 17 8.6 77 4,840 00 3,616 54 369 11 $375,819 27 $375,819 27 Detailed Statement of Receipts and Disbursements fo r the Year ending Oct. 3 1 ,1 9 0 1 . D is b u r s e m e n t s . R e c e ip t s . From dues capital,. $99,977 00 For real estate loans, . interest, share loans, . 22,687 07 fines, . . . . dues capital withdrawn, 885 15 transfer fees, 19 00 dues capital forfeited, . dues capital retired, real estate loans repaid, 72,710 00 dues capital matured, real estate loans elimiprofits capital withdrawn, 3,300 00 nated by foreclosure, profits capital forfeited, . real estate loans elimiprofits capital retired, . nated by maturity of 7,500 00 profits capital matured, . shares, 11,240 00 temporary expenses, share loans repaid, 654 13 forfeited shares, withdrawal profits, 14 8 8 real estate by foreclosure, forfeiture profits, . interest on retired shares, forfeited shares, . 277 05 612 60 Cash on hand Oct. 31, 1901, . expense account, . rent, . . . . 131 58 120 95 Cash on hand Oct. 31, 1900, . $66,050 00 10,750 00 41,342 00 776 00 30,337 00 28,477 00 6,578 51 191 20 4,913 05 12,505 00 2,295 09 176 40 3,613 35 484 05 11,640 76 $220,129 41 $220,129 41 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] 325 SAYINGS BANK COMMISSIONERS Total Amount of Loans at Specified Rates of Interest. L oans on R eal E sta te. Rate. Amount. $283,585 27,550 12,500 3,400 6,850 00 00 00 00 00 per cent. “ 64 “ 6| “ 64 “ 6 64 L oans on Sh a res. Amount. $400 750 5,000 400 150 Rate. 00 00 00 00 00 Amount. 6§ per cent. 6| “ 7 74 “ n “ $10,380 690 100 700 550 150 00 00 00 00 00 00 Rate. 6 per cent. 6| “ 64 “ 68 “ 65 “ 7 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 $188 23 176 79 165 72 154 95 144 49 134 33 124 48 114 90 105 59 96 59 87 86 79 36 71 13 63 12 55 36 47 82 40 51 33 41 26 53 19 85 13 38 7 10 1 00 Dues paid in advance, . Total, 80 155 163 98 70 9 89 80 133 35 63 15 463 590 461 556 544 749 751 973 960 704 832 Total Value. 21 Shares in Force. Oct., 1890, . April, 1891,. Oct., 1891,. April, 1892,. Oct., 1892, . April, 1893,. Oct., 1893, . April, 1894,. Oct., 1894,. April, 1895,. Oct., 1895,. April, 1896,. Oct., 1896, . April, 1897,. Oct., 1897,. April, 1898,. Oct., 1898, . April, 1899,. Oct., 1899,. April, 1900,. Oct., 1900,. April, 1901,. Oct., 1901,. Value per Share. D ate op I ssu e. Series. Reconciliation of Share Account with Dues and Profits Capital. $15,058 40 27,402 45 27,012 36 15,185 10 10,114 30 1,208 97 11,078 72 9,192 00 14,043 47 3,380 65 5,535 18 1,190 40 32,933 19 37,240 80 25,520 96 26,587 92 22,037 44 25,024 09 19,924 03 19,314 05 12,844 80 4,998 40 832 00 Dues capital, as per general ledger, . Profits capital, as per general ledger, . Unpaid dues, . 56,158 68 3,240 00 396 00 $368,055 68 Total, Number of shares issued during the y e a r , .............................. 1,654 Number of shares now in f o r c e , ................................................8,573 Number of shares now borrowed upon,....................................... 2,108 Largest number of shares held by any one member, . . .2 5 Number of shares withdrawn during the year,. . . . 1,072 Number of shares forfeited during the y e a r , ................................................. 20 Number of shares retired during the year...................................................... 485 Number of shares matured during the year...................................................205 Highest rate of premium or interest received on money sold during the year : 6$ per cent. Lowest rate of premium or interest received on money sold during the year: 6 per cent. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $308,657 00 $368,055 68 326 REPORT OF THE [Pub. Doc. Rate of profits distributed : first term, 3 1-4 per cent. ; second term, 31-5 per cent. Number of members withdrawn during the y ea r,................................... 191 Present number of m em bers,......................................................................... 982 Present number of b o r r o w e r s , ................................................................. 196 Present number of non-borrowers,.................................................................786 Number of loans secured by first mortgage of real estate, . . . 205 Number of loans on s h a r e s , ........................................................................... 70 Largest loan to any one m e m b e r ,......................................................................$5,000 00 Smallest loan to any one m em ber,...................................................................... 50 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 1,682 49 Date of examination by commissioner : September 6. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] SAVINGS BANK COMMISSIONERS 327 W O R K IN G M E N ’S C O -O P E R A T IV E B A N K — BO ST O N . Incorporated June 9, 1880. Commenced business June 11, 1880. F r a n k E. B u r b a n k , Secretary and Treasurer. R o be rt T r ea t P a i n e , President. Names of security committee: J am e s L. P o p e . J am es D. M cL e l l a n , W il l ia m H. T a r b o x . Regular meetings the second Friday of each month. B a l a n c e S h e e t O ct . 31, 1901. L ia b il it ie s . A ssets. $902,650 00 Loans on real estate, . 55,765 00 Loans on shares, . 705 74 Permanent expense account, 869 50 Temporary expense account, 44.753 57 Real estate by foreclosure, . 7,290 78 Mortgages............................... 525 22 Personal accounts, 8,023 79 Cash in hands of treasurer,. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $1,020,583 60 Dues capital, . . . . Profits capital (all series), . Interest, . . . . F i n e s , ................................... Withdrawal profits, Guaranty fund, Surplus, . . . . Forfeited share account, Personal accounts, Retired share account, . Matured share account, Security committee, $841,633 139,109 4,337 94 764 7,222 7,438 245 268 18,881 519 70 00 07 06 00 46 00 97 62 89 21 32 00 $1,020,583 60 [Pub. Doc, REPORT OF THE 328 Detailed Statement of Receipts and Disbursements fo r the Year ending 0ct.’3 1 , 1 9 0 1 . D is b u r s e m e n t s . R e c e ip t s . $247,755 00 From dues capital,. 50,075 09 interest, 2,207 83 tines, . . . . real estate loans repaid, 133,050 00 real estate loans elimi17,850 00 nated by foreclosure, real estate loans eliminated by maturity of 16,800 00 shares, 31,885 00 share loans repaid, 3,151 63 withdrawal profits, 21 23 profits, . . . . 50 68 forfeited shares, . real estate by foreclos33,328 66 ure, . . . . 491 44 personal accounts, 98,860 06 retired share account, . 31,249 89 matured share account, 79 51 office furniture, . 320 00 security committee, 411 16 rent, . . . . 9,877 83 mortgages, . 150 23 surplus, 29,652 80 Cash on hand Oct. 31, 1900, . $205,850 00 For real estate loans, 37,400 00 share loans, . 98,141 00 dues capital withdrawn, 4,758 00 dues capital forfeited, 79,696 00 dues capital retired, 33,246 00 dues capital matured, 11,829 30 profits capital withdrawn, 1,004 03 profits capital forfeited, . profits capital retired, 18,297 53 14,393 96 profits capital matured, . 4,885 44 temporary expenses, 352 62 insurance, 7 00 forfeited shares, 92 25 rent account, . 36,703 11 real estate by foreclosure, 6 02 withdrawal profits, 432 33 personal accounts, . 2 06 fines, . . . . 100,909 72 retired share account, 31,332 19 matured share account, . 17,117 04 mortgages, 111 81 unsettled claims, . 98 61 office furniture, 1,312 99 surplus, . . . . 800 00 security committee, security committee fees 7 50 returned, interest, . . . . 457 74 8,023 79 Cash on hand Oct. 31, 1901, $707,268 04 $707,268 04 Total Amount of Loans at Specified Rates of Interest. L oans on Shares. L oans on R eal E state. Rate. Amount. $759,700 37,950 32,800 650 53,000 00 00 00 00 00 5 per cent. 5i “ 54 “ 5f “ 6 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Amount. $4,900 10,250 800 2,600 00 00 00 00 Rate. 6 | per cent. 6 3-10 “ 6 6-10« 6 9-10 “ Amount. $53,215 650 450 200 1,050 200 00 00 00 00 00 00 Rate. 5 per cent. 5| 5i 5| 6 « 6à No. 8.] 329 SAVINGS BANK COMMISSIONERS June, 1890, . Dec., 1890, . June, 1891, . Dec., 1891, . June, 1892, . Sept., 1892, . Dec., 1892, . Mar., 1893, . June, 1893, . Sept., 1893, . Dec., 1893, . Mar., 1894, . June, 1894, . Sept., 1894, . Dec., 1894, . Mar., 1895, . June, 1895, . Sept., 1895, . Dec., 1895, . Mar., 1896, . June, 1896, . Sept., 1896, . Dec., 1896, . Mar., 1897, . June, 1897, . Sept., 1897, . Dec., 1897, . Mar., 1898, . June, 1898, . Sept., 1898, . Dec., 1898, . Mar., 1899, . June, 1899, . Sept., 1899, . Dec , 1899, . Mar., 1900, . June, 1900, . Sept., 1900, . Dec., 1900, . Mar., 1901, . June, 1901, . Sept., 1901, . 126 21 $191 79 161 22 180 10 168 79 166 23 24 159 157 88 25 135 147 34 142 23 113 26 136 137 19 27 132 19 28 185 226 29 127 31 122 51 30 117 138 31 117 79 32 113 18 295 108 59 338 33 104 10 244 34 346 35 99 67 95 34 443 36 91 05 345 37 38 86 80 469 82 66 312 39 424 40 78 57 74 54 378 41 42 70 55 379 66 66 410 43 62 80 724 44 349 45 59 02 46 55 29 303 51 63 476 47 48 02 249 48 44 45 495 49 40 93 564 50 529 51 37 45 581 34 01 52 642 30 62 53 795 54 27 28 23 98 775 55 20 72 1,191 56 895 17 50 57 14 32 1,094 58 11 18 1,239 59 60 8 08 1,450 5 02 893 61 2 00 1,500 62 Dues paid in advance, . Total, • • . Total Value. 8hares in Force. Series. D ate of I ssu e. Value per Share. Reconciliation of Share Account with Dues and Profits Capital. $24,165 54 28,996 10 28,019 14 25,102 92 19,890 90 16,071 99 18,657 84 24,455 15 28,772 06 14,333 67 16,255 02 33,388 10 36,703 42 25,400 40 34,485 82 42,235 62 31,412 25 40,709 20 25,789 92 33,313 68 28,176 12 26,738 45 27,330 60 45,467 20 20,597 98 16,752 87 24,575 88 11,956 98 22,002 75 23,084 52 19,811 05 19,759 81 19,658 04 21,687 60 18,584 50 24,677 52 15,662 50 15,666 08 13,852 02 11,716 00 4,482 86 3,000 00 Dues capital, as per gen$841,633 00 eral ledger, . Profits capital, as per 139,109 07 general ledger, . 6,328 00 Unpaid dues, . 3,670 00 $987,070 07 Total, Number of shares issued during the y e a r , ................................... 6,162 Number of shares now in f o r c e , ..................................................... 20,789 Number of shares now borrowed upon, * 6,071 Largest number of shares held by any one member..................................25 Number of shares withdrawn during the year, . . . . 3,911 Number of shares forfeited during the y e a r ,............................................ 177 Number of shares retired during the year...................................................905 Number of shares matured during the y e a r ,............................................ 239 Highest rate of premium or interest received on money sold during the year: 5 per cent. Lowest rate of premium or interest received on money sold during the year: 5 per cent. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $987,070 07 330 REPORT OF THE [Pub. Doc. Rate of profits distributed : first term, 1 | per cent. ; second term, per cent. ; third term, 1^ per cent. ; fourth term, 1 | per cent. Number of members withdrawn during the y e a r ,................................... 408 Present number of m em b ers,...................................................................... 2,308 Present number of borrowers,......................................................................... 565 Present number of non-borrowers,..............................................................1,743 Number of loans secured by first mortgage of real estate, . . . 509 Number of loans on s h a r e s , ..........................................................................217 Largest loan to any one m e m b e r ,...................................................................... $5,000 00 Smallest loan to any one member......................................................................... 50 00 Amount of expenses of the corporation for the year ending Oct. 31, 1901, . 4,885 44 Date of examination by commissioner : September 23. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis SAYINGS BANK COMMISSIONERS. No. 8.] 331 W E E N T H A M C O -O P E R A T IV E B A N K — W R E N T H A M . Incorporated Feb. 26, 1901. Commenced business Feb. 26, 1901. J am e s E . Ca r p e n t e r , Secretary and Treasurer. E l b r id g e J. W h it a k e r , President. Names of security committee: H ir am A . C o w en , A rtemas W il l a r d , H arry B. Le w is . Regular meetings the second Wednesday of each month. B a la n c e S h e e t O ct . 31, 1901. L ia b il it ie s . A ssets. Loans on real estate, Permanent expense account, Cash in hands of treasurer, . $200 00 78 31 1,194 69 Dues capital, . . . . Interest,................................... $1,468 00 5 00 $1,473 00 $1,473 00 Detailed Statement of Receipts and Disbursements for the Year ending Oct. 3 1 ,1 9 0 1 . D is b u r s e m e n t s . R e c e ip t s . From dues capital,. From interest, $1,468 00 5 00 For real estate loans, . For permanent expenses, Cash on hand Oct. 31, 1901, . $200 00 78 31 1,194 69 $1,473 00 $1,473 00 Total Amount of Loans at Specified Rates of Interest. L oans on Sh a res. L oans on R ea l E sta te. Rate. Amount. $200 00 6 per cent. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Amount. Rate. Amount. Rate. - - - - 332 REPORT OF THE [Pub. Doc Total, • Total Value. 1 2 Shares in Force. Mar., 1901,. Sept., 1901,. Value per Share. D ate op I ssu e. Series. Reconciliation of Share Account with Dues and Profits Capital. $8 00 2 00 180 29 $1,440 00 58 00 • $1,498 00 Dues capital, as per general ledger, . Unpaid dues, . Total, $1,468 00 30 00 $1,498 00 Number of shares issued during the y e a r , ............................................ 209 Number of shares now in f o r c e , ............................................................... 209 Number of shares now borrowed u p o n ,...................................................... 1 Largest number of shares held by any one member, . . . . 15 Highest rate of premium or interest received on money sold during the year: 6 per cent. Lowest rate of premium or interest received on money sold during the year: 6 per cent. Present number of m em b ers,........................................................................... 50 Present number of borrowers,............................................................................. 1 Present number of non-borrowers,...................................................................49 Number of loans secured by first mortgage of real estate, . . . 1 Largest loan to any one m e m b e r ,...................................................................... $200 00 Smallest loan to any one m em ber,...................................................................... 200 00 Date of examination by commissioner: September 24. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] SAYINGS BANK COMMISSIONERS. 333 CONSOLIDATED BALANCE SHEET, O ct . 81, 1901. L ia b il it ie s . A ssets. $24,954,785 54 Loans on real estate, Loans on shares, . 1,208,597 50 Permanent expense account, 10,309 48 Temporary expense account, 15,610 47 . 1,041,708 29 Unpaid dues............................. 29,145 00 Real estate by foreclosure, 123,756 04 Unpaid interest, . . . Notes and bonds of cities and towns, . . . . Mortgages, . . . . Personal accounts,. Sundry assets, Cash, Profits c a p i t a l (a ll series), . . . Premiums, Fines, ................................... 10,575 51 86,526 00 313,125 26 11,592 95 4,160,596 23 143,206 87 Interest, . 2,937 48 . . . . 5,088 75 49 75 Transfer fees, Withdrawal profits, 7,526 32 Forfeiture profits,. 86 84 3,088 13 Unpaid premiums,. Unpaid fines, . $23,741,905 12 Dues capital, 293,491 43 Surplus, Guaranty fund, . Forfeited share account, Advance payments, 219,297 88 10,916 46 3,688 35 7,225 71 Matured share account, 40,002 08 858,161 65 Retired share account, . 28,910 47 Due on mortgage loans, 9,350 00 Personal accounts, 3,397 26 Sundry liabilities,. 3,756 24 $28,674,207 53 $28,674,207 53 Number of shares issued during the y e a r , ................................... 145,149 Number of shares now in f o r c e , ..................................................... 576,330 Number of shares now borrowed u p o n ,............................................166,139 Number of shares withdrawn during the year, . . . . 93,699 Number of shares forfeited during the y e a r ,................................... 2,602 Number of shares retired during the y e a r , ................................... 22,770 Number of shares matured during the y e a r ,................................... 5,730 Number of members withdrawn during the year, . . . . 12,112 Present number of m em b ers,.............................................................. 74,771 Present number of borrowers,............................................................. 20,546 Present number of non-borrowers,..................................................... 54,225 Number of loans secured by first mortgage of real estate, . . 18,288 Number of loans on s h a r e s , ............................................................. 5,779 Expenses for the year ending Oct. 31, 1901......................................................... $140,188 90 Amount of profits credited to shares during the y e a r , ................................... 1,345,213 65 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 334 REPORT —CO-OPERATIYE BANKS. [P.D.No.8 Total Amount of Loans at Specified Bates of Interest. Rate. 5 5.10 5A 5.25 5.30 5.50 5.60 5§ 5.70 5.75 6 6.06 6 1-16 6.10 6.12 6£ 6.18 6.20 6.24 6.25 6.30 6.36 6f 6.40 6.42 6.48 6.50 6.54 6.60 6.66 6.70 6.72 6.75 Real Estate Loans. Share Loans. Rate. $10,087,399 3,000 9,250 688,203 1,183,845 1,695,524 10,800 1,300 142,400 74,690 200 4,667,701 152,395 200 7,4.50 341,475 87,525 6,150 600 13,275 76,977 4,267,194 9,350 17,450 3,400 3,125 14,850 106,776 2,450 958,635 5,000 975 200 2,725 8,975 $589,577 50 6.78 6.80 6.84 6£ 6.90 6.96 7 7 1-16 7.08 7.10 75 7.20 7.25 7.50 7.56 7| 7.75 7.80 n 7.92 8 8.04 8.10 8.16 8.25 8.40 8.50 8.60 8.70 8.75 8J 9.60 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 61 00 00 80 00 48 00 00 00 00 00 18 00 00 00 00 00 00 00 00 85 04 00 00 00 00 00 00 00 00 00 00 00 00 00 - 51,030 00 32,605 00 80,324 00 _ 4,617 00 - 242,620 00 4,805 00 _ - 8,255 00 1,330 00 _ 605 00 140,997 00 _ 885 00 700 00 - 7,155 00 1,460 00 - 31,465 00 - 50 00 Real Estate Loans. Share Loans. $1,300 00 - 2,300 100 177,123 1,100 6,750 400 200 00 00 58 00 00 00 00 _ 3,450 42,850 1,550 42,445 100 950 700 8,000 1,150 900 1,350 100 6,000 700 450 800 100 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 - 1,950 300 50 150 00 00 00 00 $24,954,785 54 $75 00 _ - 1,320 00 _ 2,902 00 — _ 150 00 _ 1,260 00 - 3,450 00 _ - 100 00 110 00 _ _ _ 20 00 _ - 60 00 _ 50 00 620 00 _ - $1,208,597 50 STATEMENTS COLLATERAL LOAN AND MORTGAGE LOAN https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis INVESTMENT COMPANIES. 336 REPORT OF THE [Pub. Doc COLLATERAL LOAN COMPANY —BOSTON. F r a n c is D. Cobb, Incorporated April 5, 1859. President. L uther S. Moo re, Cashier. Directors: F r a n c i s D. C o b b , L aw rence T ucker, J o h n P. L y m a n , J o h n O. S h a w , Jr., L u th er S. M oore. G e o r g e R . J e w e t t , Director fo r State. R o b e r t F . C l a r k , Director fo r the City o f Boston. B a l a n c e S h e e t O ct . 31, 1901. A ssets. L Loans outstanding, $591,385 Cash on hand, 5,885 Expense, . . . . 14,292 General interest, 1,687 State tax, . . . . 6,067 R e n t , ................................... 4,188 Moving account, . 5,328 City of Boston, Mass., bonds,* 14.000 Massachusetts bonds,* . 23.000 Boston & Maine R.R. bonds,* 4,000 37 11 66 72 50 74 72 00 00 00 Capital stock, Reserve fund, Notes payable, Auction reserve, Interest,. Profit and loss, Insurance fund, $669,835 82 * In v e s tm e n t of in s u ra n c e fu n d . Date of examination : December 23. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ia b il it ie s . . < $300,000 140,000 76,000 4,426 68,061 26,669 54,678 00 00 00 61 54 02 65 $669,835 82 No. 8.] SAVINGS BANK COMMISSIONERS. 337 WORCESTER COLLATERAL LOAN ASSOCIATION — WORCESTER. H enry L. P arker, Incorporated April 17, 1896. President. Charles E . B urnham , Treasurer. Directors: L y m a n A. E l y , A. L. D . B u x t o n , H enry L. P arker, G e o r g e T. D e w e y , Charles E . B urnham . J o h n T. B r i e r l y , Director fo r State. D a n i e l P a r l i n , Director fo r the City o f Worcester. B a la n c e S h e e t O ct . 31, 1901. A ssets. C a s h , ................................... Notes receivable, . Capital in pledge department, Furniture and fixtures, . Suspense account, . L $574 49,861 8,355 795 1,441 84 20 60 98 53 ia b il it ie s . Capital,................................... Notes payable, Risk fund, . . . . Guaranty fund, Fire risk fund, Unpaid dividends,. Undivided profits, . $61,029 15 $45,000 9.000 344 4.000 386 1,350 948 00 00 16 00 67 00 32 $61,029 15 P ledge D epartm ent. A ssets. Cash, ................................... Loans......................................... Foreclosure account, L $139 48 8,414 44 80 40 $8,634 32 Date of examination : December 24. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ia b il it ie s . Capital advanced, . Profit and loss, $8,355 60 278 72 $8,634 32 338 REPORT OF THE [Pub. Doc, WORKINGMEN’S LOAN ASSOCIATION —BOSTON. Incorporated March 8, 1888. R o b e r t T r e a t P a i n e , President. R o b e r t T r e a t P a i n e , 2 d , Treasurer. F r a n c i s B . S e a r s , Vice-President. A r t h u r L y m a n , Clerk. Directors: E d m u n d B il l in g s , H e n r y B . Cabot, A r t h u r S. J oh nso n, J oseph Le e , A rthur L yman, H erbert Lym an, J o h n F . M oo rs, R o b e r t T r e a t P a in e , F r a n c is B . S e a r s , J ohn H . Storer, S a m u e l C a r r , Director fo r State. C h a r l e s C . J a c k s o n , Director fo r Jr., the City of Boston. B a l a n c e S h e e t O ct . 31, 1901. L A ssets. L o a n s , ................................... $191,996 10 868 69 Expenses, . . . . 78 75 Interest,................................... 4,313 23 Cash on hand, $197,256 77 Date of examination : December 23. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ia b il it ie s . Capital stock, Notes payable, Profit and loss, Interest, . . . Undivided profits, Risk fund, . . . State tax, . . . Guaranty fund, . . . . $125,000 35,000 425 1,896 4,122 1,150 1,011 28,649 00 00 90 66 92 25 25 79 $197,256 77 No. 8.] SAYINGS BANK COMMISSIONED. 339 NATIONAL MORTGAGE AND DEBENTURE COMPANY — BOSTON. W. X, F uller, President. C harles A. R o g ers, Treasurer. B a l a n c e S h e e t O c t . 31, 1901. A Loans secured toy first liens on real estate, Securities pledged for deben ture bonds, . . . . Debenture bonds pledged as collateral for bills payable, Real estate acquired by fore closure, . . . . Other real estate, . Profit and loss account,. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis L ssets. $39,403 44 559,329 40 5,000 00 59,840 53 1,609 32 141,526 28 $806,708 97 ia b il it ie s . Capital stock paid in, . Debenture bonds outstand ing, ................................... Certificates of deposit bear ing interest (money bor rowed)................................. Bills payable, $258,900 00 501,988 00 500 00 45,320 97 $806,708 97 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis STATUTES R E L A T I N G TO C O -O P E R A T IV E B A N K S . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis STATUTES R E L A T IN G TO Co - o p e r a t i v e B a n k s . [C h a p te r 114 o f th e R e v ise d L aw s.] S e c t i o n 1. No person, and no association or corpora Co-operative banks to be in tion, except foreign associations and corporations duly corporated. 1889,452, §§ 1, 3. licensed by the board of commissioners of savings banks 1890, 310, §§ 1, 4. 286. prior to the fourteenth day of April in the year eighteen 1896, 149 Mass. 167. hundred and ninety-six to transact business in this com monwealth, shall transact the business of accumulating the savings of its members and loaning to them such accu mulations in the manner of a co-operative bank, unless incorporated in this commonwealth for such purpose. Whoever violates any provision of this section shall be punished by a fine of not more than one thousand dollars, and the supreme judicial court or the superior court shall have jurisdiction in equity to enforce the provisions of this section. S e c t io n 2 . Twenty-five or more persons, who asso Formation. 454. ciate themselves by an agreement in writing with the 1854, G. S. 58. 1877, 224, § 1. intention of forming a corporation for the purpose of P. S. 117, § 1. accumulating the savings of its members paid into such 1890, 243. corporation in fixed periodical instalments and loaning to its members the funds so accumulated, shall, with the con sent of the board of commissioners of savings banks, become a corporation upon complying with the provisions of the following section. Organization. S e c t io n 3 . The provisions of sections fifteen to twenty, 1877, 224, §§ 2,4. inclusive, of chapter one hundred and ten shall apply to P. S. 117, §§ 2,4. such corporations, except that the agreement of associa tion shall also state the limit of capital to be accumulated, that, in the certificate signed by the secretary of the com monwealth, the limit of capital to be accumulated as fixed https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis APPENDIX. VI Lim it of capital. Issue of stock, 1877, 224, § 5. P . S. 117, § 5. 1887, 216, § 1. 149 Mass. 167. Shares issued to minors and shares held in trust. 1887, 216, § 3. By-laws. Officers. 1877, 224, §§ 6, 16. P. S. 117, § 6. 1885,121, § 1. 1901, 123. in the agreement of association shall be inserted instead of the amount of capital, that the certificate required by section twenty of said chapter to be filed and recorded majr be signed and sworn to by the presiding and financial officers and a majority at least of the officers who possess the powers of directors, by whatever name they may be called, and that the fees to be paid for filing and record ing the certificates required by said section twenty, includ ing the issuing of the certificate of organization, shall be five dollars. S e c t i o n 4. The capital actually paid in shall not exceed one million dollars, and shall be divided into shares of the ultimate value of two hundred dollars each. The shares may be issued in quarterly, half-yearly or yearly series, in such amounts and at such times as the members may determine, so long as the capital actually paid in on shares does not exceed one million dollars. No person shall hold more than twenty-five shares in the capital of one such corporation. No shares of a prior series shall be issued after the issue of a new series. S e c t io n 5 . Shares may be issued in the name of a minor, and may, in the discretion of the directors, be withdrawn as provided in section nine by such minor or by his parent or guardian, and in either case payments made on such withdrawals of shares shall be valid. If shares are held in trust the name and residence of the beneficiary shall be disclosed and the account shall be kept in the name of such holder as trustee for such per son. If no other notice of the existence and terms of such trust has been given in writing to the corporation, such shares may, upon the death of the trustee, be with drawn by the person for whom such deposit was made or by his legal representatives. S e c t io n 6 . The number, title, duties and compensa tion of the officers of the corporation, their terms of office, the time of their election, the qualifications of electors and the time of each periodical meeting of the officers and members shall be determined by the by-laws. The by laws may also provide for the election of the secretary and treasurer either by the shareholders or by the board of directors. No member shall be entitled to more than one vote at any election. All officers shall continue in office until their successors are duly elected. The offices of secretary and treasurer may be held by the same person. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis APPENDIX. vn S e c t io n 7 . The treasurer shall dispose of and secure Treasurer, duties. the safe keeping of all money, securities and property of Bond. 1877, 224, § 14. the corporation, in the manner designated by the by-laws, P . S. 117, § 17. and the treasurer and secretary shall give, subject to the 1898, 247, § 1. provisions of section fifteen of chapter one hundred and thirteen, such bond for the faithful performance of their respective duties as the by-laws may require. Monthly meet S e c t io n 8 . The officers shall hold stated monthly ings. Dues. meetings at any place in the city or town in which the 1877, 224, §§ 5, 7, 9. bank is located. At or before each such meeting every 1881, 271, § 1, 3. member shall pay to the corporation as a contribution to cl. P. S. 117, § 7. 1900, 249. its capital one dollar as dues upon each share held by him until the share reaches the ultimate value of two hundred dollars, oris withdrawn, cancelled or forfeited. Payment of dues on each series shall commence from its issue. ithdraw al of S e c t i o n 9. A member may withdraw his unpledged W shares. 1877, § 10. shares, after giving thirty days’ notice of his intention so 1881, 224, 271, § 1, to do, written in a book held and provided by the cor P.' I". 117, § 8. poration for such purpose. Upon such withdrawal such 1882, 251, § 1. 216, § 2. shareholder shall be paid the balance remaining after de 1887, 149 Mass. 167. ducting from the amount then standing to the credit of the shares all fines, a proportionate part of any unadjusted loss, and such proportion of the profits previously cred ited to the shares as the by-laws may provide ; but at no time shall more than one-half of the funds in the treasury be applicable to the demands of withdrawing members without the consent of the directors. The directors may, under rules made by them, retire the unpledged shares of any series after four years from the date of their issue, by enforcing the withdrawal thereof; but if there shall remain in any series, at the expiration of five years after the date of its issue, more than one hundred unpledged shares, the directors shall annually retire twenty-five per cent of the excess so that not more than one hundred un pledged shares shall remain in such series at the expiration of nine years from the date of its issue, and when such excess shall have been retired they may retire such other unpledged shares as they consider the best interests of the bank require. When such withdrawal of shares is to be enforced, the shares to be retired shall be determined by lot, and the holders thereof shall be paid the full value of their shares, less all fines and a proportionate part of any unadjusted loss. Shares pledged for share loans shall be treated as unpledged shares. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis y in Shares, when m atured. 1881, 271, § 1, cl. 3. P. S. 117, § 9. 1882, 251, § 1. 1887, 216, § 5. 1898, 247, § 3. APPENDIX. S ection 10. When each unpledged share of a given series reaches the value of two hundred dollars, all pay ments of dues thereon shall cease, and the holder thereof shall be paid out of the funds of the corporation two hun dred dollars; but at no time shall more than one-half of the funds in the treasury be applicable to the payment of such matured shares without the consent of the directors. If any series of shares, pledged or unpledged, reaches maturity between the dates of adjustment of profits, or if shares are retired between said dates, the holders of such shares shall, in addition to the value thereof, receive inter est for all full months from the date of the preceding ad justment to the time of payment, at the rate at which profits were distributed at said adjustment; but before the payment of matured shares all arrears and fines shall be deducted. Loans of S ection 11. The money accumulated, after due allow money; invest ments. ance for all necessary expenses and the cancellation of 1877, 224, § 7. 1881, 271, § 1, shares, shall, at each stated monthly meeting, be offered cl. 4. P. S. 117, § 10. to the members according to the premiums bid by them 1882, 251, § 2. for priority of right to a loan, or, if the corporation so 1890, 78. 1896, 277. provides in its by-laws, the bid for loans shall, instead of a premium, be a rate of annual interest payable in monthly instalments upon the amount desired. Such bids shall include the whole interest to be paid and may be at any rate not less than five per cent per annum. Each mem ber whose bid is accepted shall be entitled, upon giving proper security, to receive a loan of two hundred dollars for each unpledged share held by him, or such fractional part of two hundred dollars as the by-laws may allow. If any money so offered for sale remains unsold, the directors may invest it in any of the securities named in the second clause of section twenty-six of chapter one hundred and thirteen, or may loan it upon first mortgages of real estate situated in this commonwealth, upon the conditions imposed by this chapter, or upon the shares of the bank to an amount not exceeding their value at the adjustment last preceding the time of the loan ; but in either case the loans shall be at the highest rate at the last preceding monthly sale of money, and a note shall be given as required by section fourteen. Premiums. S ection 12. Premiums for loans shall consist of ar 1877, 224, § 12. P. S. 117, § 11. percentage charged on the amount loaned in addition to interest, and shall be a consideration paid by the borrower https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis APPENDIX. IX for the present use and possession of the future or ultimate value of his shares, and shall, with interest and fines, be received by the corporation as a profit on the capital invested in the loan, and shall be distributed to the various shares and series of said capital as hereinafter provided. S ection 13. A borrowing member, for each share bor Interest. 1881, 271, § 1, rowed upon, shall, in addition to his dues and monthly premium, pay monthly interest on his loan at the rate of P.’ S. 117, § 12six per cent per annum until his shares reach the ultimate value of two hundred dollars each, or the loan has been repaid; and when said ultimate value is reached, said shares and loan shall be declared cancelled and satisfied, and the balance, if any, due upon the shares, shall be paid to the member. S ection 14. For every loan made a note shall be given, Security. 224, § 8. accompanied by a transfer and pledge of the shares of the 1877, 1881, 271, § 1, C l. 1 . borrower, and secured by a mortgage of real estate situated P. S. 117, § 13159, § 1. in this commonwealth and unencumbered by any mortgage 1889, 1894, 342, § 1. or lien other than such as may be held by the bank mak ing the loan. The shares so pledged shall be held by the corporation as collateral security for the performance of the conditions of said note and mortgage. Said note and mortgage shall recite the number of shares pledged and the amount of money advanced thereon, and shall be con ditioned for the payment at the stated meetings of the corporation of the monthly dues on said shares, and the interest and premium upon the loan, with all fines on pay ments in arrears, until said shares reach the ultimate value of two hundred dollars each, or said loan is otherwise can celled and discharged ; provided, however, that the direc tors may accept the shares as sufficient security for loans to an amount not exceeding their value at the adjustment last preceding the time of the loan. If the borrower neglects to offer security satisfactory to the directors within the time prescribed by the by-laws, his right to the loan shall be forfeited, and he shall be charged with one month’s interest and one month’s pre mium at the rate bid by him, with all expenses incurred; and the money appropriated for such loan may be re loaned at any subsequent meeting. S ection 15. If a member purchases money at a lower Effect of new loans on ex rate than that paid by him on an existing loan, secured by isting m ort a mortgage, for the purpose by him declared of reducing gage. 1894, 342, § 2. the premium or rate of interest upon said loan, a new https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis A P P E N D IX . X Paym ent of loans. 1877, 224, § 11. P . S. 117, § 14. P artial payments of loans on real estate. 1887, 216, § 4. Fines, forfeit ure of shares. 1877, 224, § 13. P. S. 117, § 15. 1896, 285. m ortgage shall not be required, b u t an agreem ent in wrifiin g for the reduction of said prem ium or rate of interest, signed by said borrow ing m em ber and the secretary of the b ank, w ith the w ritten approval o f the president, shall be valid, and shall not im pair or affect the existing m ort gage ; and thereafter said borrow ing m em ber shall m ake the m onthly paym ents on said loan in accordance w ith the term s of said agreem ent, and the am ount o f m oney previously so purchased b y him m ay be resold by the bank a t the same m eeting. The borrow er shall before the sale give w ritten notice to the secretary of his intention to re-b uy his m oney. The provisions o f this section shall n o t exem pt the re-borrow er from paying the interest and prem ium for the c u rren t m onth on the loan m ade by him for the substitution of which the new loan is made. S e c t i o n 16. A borrow er m ay repay a loan a t any tim e, upon application to the corporation, w hereupon, on settle m ent of his account, he shall be charged w ith the full am ount of the original loan, w ith all m onthly instalm ents o f in terest, prem ium and tines in arrears, and shall be given credit for the w ithdraw ing value of his shares pledged and transferred as s e c u rity ; and the balance shall be received by the corporation in full satisfaction of said loan. All settlem ents made betw een stated m eetings of the direc to rs shall be m ade as of the date o f the stated meetingn ex t succeeding such settlem ent. A borrow er who desires to retain his shares and m em bership m ay repay his loan w ithout claim ing credit for said shares, w hereupon said shares shall be transferred to him , free from any claim on account o f said cancelled loan. S e c t i o n 17. P a rtia l paym ents of loans on real estate m ade b y a co-operative bank m ay be received in am ounts o f fifty dollars or a m ultiple th e re o f; and for each two hundred dollars so repaid one share of stock shall be released from pledge. S e c t i o n 18. M em bers who m ake default in the p ay m ent o f their m onthly dues, interest and prem ium s, shall be charged a fine not exceeding two per cent a m onth on each dollar in arrears. No fines shall be charged after the expiration of six m onths from the first lapse in any such p ay m en t, nor upon a fine in arrears. The shares of a m em ber who continues in arrears m ore than six m onths shall, a t th e option o f the directors, if the m em ber fails https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis A P P E N D IX . to pay the arrears w ithin th irty days after notice, be declared forfeited, and the w ithdraw ing value of the shares a t the tim e o f forfeiture shall be ascertained, and, after d educting all tines and other legal charges, the balance rem aining shall be transferred to an account to be desig nated the ‘ ‘ E orfeited Share A ccount ” to the credit of the defaulting m em ber. Said m em ber, if not a borrow er, shall be en titled upon giving th irty days’ notice to receive, o u t o f the funds appropriated to the paym ent of w ith draw als, the balance so transferred w ithout in tere st from the tim e o f the transfer, in the o rder in w hich such notices are given. A ll shares so forfeited or transferred shall cease to participate in any profits of the corporation accru ing after the adjustm ent and valuation of shares last p re ceding said forfeiture. S e c t i o n 19. I f a borrow ing m em ber is in arrears for dues, in terest, prem ium or fines for m ore than six m onths, the directors m ay, after one m onth’s notice, declare the shares forfeited if the arrears then rem ain unpaid. The account of such borrow ing m em ber shall then be debited w ith the arrears o f interest, prem ium and fines to date of forfeiture, and the shares shall be credited upon the loan at th eir w ithdraw ing value. The balance o f the account m ay and after six m onths shall be enforced against the secu rity , and be recovered as secured debts are recovered a t law. S e c t i o n 20. No m em ber whose shares are w ithdraw n, forfeited or retired , shall be charged w ith fines upon such shares in excess of the profits distributed thereto, and if no profits shall have been distributed to such shares no fines shall be charged thereon. The provisions of this section shall not prevent a borrow ing m em ber being charged w ith fines according to law upon interest and pre m ium s in arrears. S e c t io n 2 1 . No co-operative bank, nor any person actin g in its behalf, shall take or receive a fee, brokerage, com m ission, gift o r other consideration for or on account of a loan made by or on behalf of such corporation, other than appears on the face of the note or contract by which such loan p u rp o rts to be m ade ; b u t the provisions of this section shall not apply to a reasonable charge for services in the exam ination of pro p erty and titles and preparation and recording of conveyances to such corporation as https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis xi Recovery of loan. 1877, 224, §§ 8, 13. P. S. 117, § 16. 1882, 251, § 1. 1885, 121, § 4. Fines on shares with drawn, etc. 1895,172. Bank or officers not to receive certain fees. 1897,161. A P P E N D IX . xii Books of account. 1877, 224, § 14. P. S. 117, § 17. 173 Mass. 54. Distribution of profits and losses. 1877, 224, § 15. 1881, 271, § 1, P.‘ 1'. 117, § 18. G uaranty fund. 1885, 121, § 2. security for its loans. W hoever violates a provision of this section shall be punished by a line of not less than one hundred nor m ore than one thousand dollars. S e c t i o n 22. The general accounts of every such cor p o ration shall be k ep t by double en try . A ll m oney re ceived by the corporation from each m em ber shall be receipted for by persons designated by the directors, in a pass book provided by the corporation for the use o f and to be held by the m em ber. Said pass book shall be plainly m arked w ith the name and residence of the holder thereof, th e num ber of shares held b y him and the num ber or des ignation of the series or issue to which said shares, resp ectively, belong, and the date of the issue of such series. A ll m oney so received shall be originally entered b y the proper officer in a book to be called the “ cash b o o k ,” to be provided by the corporation for the purpose, and the entries therein shall show the name of the payer, the num ber of shares, the num ber or designation of the series or issues o f the particular share or shares so entered, w ith the am ount of dues, in terest, prem ium s and fines paid thereon. E ach paym ent shall be classified and entered in a column devoted to its kind. Said cash book shall be closed after the term ination of each stated m eet ing, and shall be an exhibit of the receipts of all m oney paid at said m eeting. A ll paym ents made by the corpora tio n shall be by order, check or draft upon the treasurer, signed by the president and secretary and indorsed by the persons in whose favor the same are draw n. The name of the payee, the am ount paid and the purpose, object or th in g for w hich the paym ent is m ade, w ith its date, shall be entered on the m argin of said order, check or draft. S e c t i o n 23. Profits and losses m ay be distributed annually, sem i-annually or quarterly to the shares then existing, but shall be distributed at least once in each year, and when a new series of shares is to be issued. P rofits and losses shall be distributed to the various shares ex isting a t the tim e of such distribution, in proportion to th eir value a t th a t tim e, and shall be com puted upon the basis of a single share fully paid to the date of distribu tion. Losses shall be apportioned im m ediately after th eir occurrence. S e c t io n 2 4 . A t each distribution of profits, the direc tors shall reserve as a g u aran ty fund not less than one nor m ore than five per cent of the net profits accrued since https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis A P P E N D IX . x ili the last preceding adjustm ent, until such fund am ounts to five per cent of the dues capital, which fund shall th ere after be m aintained and held available to m eet losses in the business of the corporation including depreciation of its securities. S e c t io n 2 5 . A corporation which carries on its books Surplus as assets any unpaid interest, prem ium s or fines shall, at 1900,273! each distrib u tio n of profits, tran sfer at least five per cent o f such item s to the credit of its surplus account until such account am ounts to a t least tw enty-five per cent of th e to ta l of all such item s existing a t the tim e of such distri bution. I f the am ount in said surplus account falls below said tw enty-five p er cent it shall be replenished by tran s fers as herein provided until it reaches said am ount. S e c t io n 2 6 . Such corporation m ay purchase a t public co^oratiem^ or private sale real estate upon w hich it m ay have a niort- sen real estate, gage, ju d g m en t, lien or other encum brance, or in which pJs’. 117,§19. it m ay have an in terest, and m ay sell, convey o r lease th e ilooi liil§2' real estate acquired by it and, on the sale thereof, m ay A' G' take a m ortgage in common form thereon to secure the paym ent of the w hole or p a rt of the purchase price. A ll real estate shall be sold w ithin five years from the acqui sition of the title thereto ; b u t the board of com m issioners of savings banks m ay, upon the petition of the security com m ittee o f such corporation and for cause, g ra n t an additional tim e for the sale of the same. S e c t io n 2 7 . A co-operative bank, except as provided ness.eoib u sl in section eight, shall carry on its usual business at its woo, 249. office only, which shall be in the city or tow n nam ed in its agreem ent of association. I t shall not m aintain a sign or advertise to tran sact business in any other p la c e ; but the secretary or other person authorized to receive m oney m ay receive dues, interest, prem ium s and fines upon such days and in such other places as its board of directors m ay authorize, subject to the approval of the board of commis sioners of savings banks. S e c t io n 2 8 . The board of com m issioners of savings Powers of banks shall perform the same duties relative to every such commission, corporation, and shall have the same powers, as are re- 1379,129. quired of or given to them relative to savings banks, and P- 8>117, §20shall annually m ake re p o rt to th e general court of such facts and statem ents relative to such corporations and in such form as th ey consider the public interest requires. E v e iy officer of such corporation shall answer tru ly all https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis A P P E N D IX . XIV Foreign banks not to do busi ness, when. 1889, 452, § 1. 1890, 310, § 2. 1891, 403. A nnual retu rn s of co-operative banks. 1889, 159, § 2. 1895, 171. inquiries m ade, and shall m ake all retu rn s required by the com m issioners. S e c t io n 2 9 . If, in the opinion of th e board of com m issioners of savings banks, any foreign association or corporation authorized to carry on the business of a co operative bank in this com m onwealth is transacting such business in a m anner hazardous to the public, or its condi tion is such as to ren d er fu rth er proceedings b y it haz ardous to the public, said board shall revoke or suspend the a u th o rity given to such association or corporation and, if it is not authorized to carry on business in this com m on w ealth, said board shall notify it to cease the transaction of such business. The provisions o f this chapter shall not prevent a foreign co-operative bank from loaning m oney upon m ortgages of real estate located w ithin this com m onw ealth. S e c t io n 3 0 . E v ery co-operative bank shall annually, w ithin th irty days after the last business day of O ctober, m ake to the board of com m issioners of savings banks in such form as m ay be prescribed by it, a re tu rn , signed and sworn to b y the secretary and treasurer of the corpo ratio n, show ing accurately the condition th ereo f a t close of business on said day. The president and five or m ore of the directors shall certify and m ake oath th a t the re p o rt is correct according to th eir best know ledge and belief. Such re tu rn s shall include all am ounts received and dis bursed up to close of business on said day, except th at am ounts received for dues, interest, prem ium s and fines on account of the next m onthly m eeting m ay be om itted. I f a re p o rt is defective or appears to be erroneous, the board shall notify the bank to am end the same w ithin fif teen days. A co-operative bank w hich neglects to m ake the return required by the provisions of this section on or before the tim e nam ed therein, or to am end such re p o rt w ithin fifteen days, if notified by the board so to do, shall forfeit five dollars for each day during w hich such neglect continues. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis INDEX TO SUBJECTS CONTAINED IN THE STATUTES RELATING TO CO-OPERATIVE BANKS. PAGE Advertisements, restrictions o n , ..................................................................................... xiii Agreement of association ; what to set forth ,........................................................................v Annual r e t u r n s , ................................................................................................................xiv Authority of foreign corporations to do business may be revoked, . . . xiv Bids for loans may be a rate of interest,.............................................................................viii Bonds of treasurers and e m p l o y e e s , .............................................................................. vii Books and accounts, ........................................................................................................xii Business, places where it may be conducted,....................................................................xiii C a p i t a l , ................................................................................................................................... vi Capital, limitation o f , ......................................................................................................... vi Capital, investments o f , ....................................................................................................... viii Co-operative banking defined,.................................................................................................. v Co-operative banks must be in c o r p o r a te d ,........................................................................ v Distribution of profits and l o s s e s , ......................................................................xii, xiii D ues,........................................................................................................................................... vii Examinations by com m issioners,......................................................................................xiii Fee, brokerage, commission, etc., not to be taken on account of loans. Penalty, xi Fines, defined,............................................................................................................................x Fines in excess of profits not to be ch arged ,............................................................. xi Forfeiture of shares,.................................................................................................................. xi Guaranty f u n d , .................................................................................................................xii How moneys may be lent or i n v e s t e d ,............................................................................. viii Interest on l o a n s , ................................................................................................................. ix Limitation of c a p i t a l , ......................................................................................................... vi L o a n s , ................................................................................................................................. viii Loans, bid for same may be a rate of i n t e r e s t , ............................................................viii Loans, partial payment of, . . ......................................................................x Loans, payment o f , ...................................................................................................................x Loans, premiums o n , ....................................................................................................... viii Loans, recovery o f , .................................................................................................................. xi Loans, security f o r ,.................................................................................................................. ix Matürity of sh a r e s,................................................................................................................viii M eetings,.................................................................................................................................. vii https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis XVI INDEX TO APPENDIX PA G E Moneys, how lent or invested,...............................................................................................viii O f f ic e r s ,................................................................................................................ vi O rgan ization,............................................................................................................................ v Partial payment of loans on real estate,................................................................................ x Payment of l o a n s , ....................................................................................... v • x Payments by the corporation,................................................................................................ xii P en alties,.............................................................................................................................. v-xii Penalty for failure to make annual r e t u r n , .....................................................................xiv Plans of issuing stock, e t c . , .................................................................................................vi Powers of savings bank commissioners..................................... xiii Premiums on lo a n s,........................................... viii Profits and losses, how d i s t r i b u t e d , ..............................................................................xii Purchase of money at a lower rate,........................................................................................ix Real estate, how a c q u i r e d , .............................................................................................. xiii Recovery of l o a n s , .................................................................................................................. xi Retiring of s h a r e s ,................................................................................................................. vii Secretary and treasurer may be one and same p erson,...................................................... vi Secretary and treasurer to give b o n d s , ...............................................................................vii Security for l o a n s , .................................................................................................................. ix Shares, forfeiture o f , ...........................................................................................................x Shares held in trust,...................................................................................................................vi Shares in name of minors, ................................................................................................. vi Shares, maturity o f ,................................................................................................................ viii Shares, retiring o f , ................................................................................................................. vii Stock, plans of issuing s a m e ,................................................................................................. vi W ithdraw als,.......................................................................................................................... vii https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis GENEKAL INDEX. PAGE. General Remarks on Co-operative B a n k s ,............................................. iii General Remarks on Loan C o m p a n i e s , ............................................. xx General Remarks on Mortgage Loan and Investment Companies, . xx General Remarks on Foreign Building and Loan Associations, . . xxi Annual Reports of Co-operative B a n k s , .............................................2-332 Aggregate Statement of Co-operative Banks, . . . . 333-334 Annual Reports of Loan C o m p a n ies,............................................. 336-338 Annual Reports of Mortgage Loan and Investment Companies, . 339 A P P E N D IX PA G E Statutes relating to Co-operative B a n k s , ............................................. ........... https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Index to the A nnual R epo rts. [.Alphabetically by Location.'] CO-OPERATIVE BANKS. CORPORATE NAM E. L O C A T IO N . Adams, Amesbury, . Arlington, . Athol, . Attleborough, Baldwinville, Beverly, Boston, Brockton, Brookline, . Cambridge, . Cambridgeport, Canton, Chelsea, Clinton, Danvers, Dedham, East Cambridge, Easthainpton, Everett, Fall River, . Fitchburg, . Foxborough, https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . . . . . . Adams Co-operative Bank, Amesbury Co-operative Bank, . Arlington Co-operative Bank, . Athol Co-operative Bank, . Attleborough Co-operative Bank, Baldwinville Co-operative Bank, Beverly Co-operative Bank, ' Allston Co-operative Bank, Boston Co-operative Bank, Dorchester Co-operative Bank, . Enterprise Co-operative Bank, . Federal Co-operative Bank, Germania Co-operative Bank, . Guardian Co-operative Bank, . Highland Co-operative Bank, . Homestead Co-operative Bank, ’ Merchants’ Co-operative Bank, . Mt. Washington Co-operative Bank, Pioneer Co-operative Bank, Roslindale Co-operative Bank, . Roxbury Co-operative Bank, Suffolk Co-operative Bank, Volunteer Co-operative Bank, . West Roxbury Co-operative Bank, l Workingmen’s Co-operative Bank, f Campello Co-operative Bank, *1 Security Co-operative Bank, . Brookline Co-operative Bank, . . Reliance Co-operative Bank, . Columbian Co-operative Bank, . . Canton Co-operative Bank, . Provident Co-operative Bank, . . Clinton Co-operative Bank, . Danvers Co-operative Bank, . Dedham Co-operative Bank, . Cambridge Co-pperative Bank, . . Hampton Co-operative Bank, . . Everett Co-operative Bank, f Fall River Co-operative Bank, . I Lafayette Co-operative Bank, . ‘ "j People’s Co-operative Bank, [ Troy Co-operative Bank, . f Fidelity Co-operative Bank, ' 1 Fitchburg Co-operative Bank, . . Foxborough Co-operative Bank, PA G E 4 9 11 14 19 21 25 6 28 60 66 80 93 103 114 127 170 182 214 240 242 274 281 303 327 37 251 33 234 51 40 223 48 53 57 35 106 75 77 138 212 278 82 85 88 INDEX. XX . Hingham, Holbrook, . . Holyoke, Hudson, Hyde Park, . Lawrence, . Leominster, . Lowell, Lynn, . Malden, Mansfield, . Marblehead, Marlborough, Medford, Melrose, Merrimac, . Middleborough, . Milford, Natick, Needham, . New Bedford, Newburyport, Newtonville, North Abington, . North Adams, Northampton, North Dighton, . North Easton, Norwood, Orange, Peabody, Pittsfield, . . Plymouth, . Quincy, Randolph, . Reading, Revere, Salem, . . PA G E C O E PO E A T E N A M E. L O C A T IO N . Franklin, Gardner, Gloucester, . Grafton, Great Barrington, Grovel and, . Haverhill, [Pub. Doc, . Sandwich, . Somerville, . South Braintree, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . Dean Co-operative Bank, . Gardner Co-operative Bank, Gloucester Co-operative Bank, . Grafton Co-operative Bank, Housatonic Co-operative Bank, . Groveland Co-operative Bank, . Citizens’ Co-operative Bank, Haverhill Co-operative Bank, . Hingham Co-operative Bank, . Holbrook Co-operative Bank, City Co-operative Bank, Holyoke Co-operative Bank, Hudson Co-operative Bank, Hyde Park Co-operative Bank, . -Atlantic Co-operative Bank, , Lawrence Co-operative Bank, Merrimack Co-operative Bank, . Leominster Co-operative Bank, . Lowell Co-operative Bank,. Middlesex Co-operative Bank, . Equitable Co-operative Bank, . Lynn Co-operative Bank, . Malden Co-operative Bank, Mansfield Co-operative Bank, . Marblehead Co-operative Bank, Marlborough Co-operative Bank, Medford Co-operative Bank, Melrose Co-operative Bank, Economy Co-operative Bank, Middleborough Co-operative Bank, Milford Co-operative Bank, Henry Wilson Co-operative Bank, Needham Co-operative Bank, Acushnet Co-operative Bank, . New Bedford Co-operative Bank, Newburyport Co-operative Bank, Newton Co-operative Bank, North Abington Co-operative Bank, Berkshire County Co-operative Bank Northampton Co-operative. Bank, North Dighton Co-operative Bank, North Easton Co-operative Bank, Norwood Co-operative Bank, Orange Co-operative Bank, Peabody Co-operative Bank, Pittsfield Co-operative Bank, Plymouth Co-operative Bank, . [ Quincy Co-operative Bank, l Wollaston Co-operative Bank, . Randolph Co-operative Bank, Reading Co-operative Bank, Revere Co-operative Bank, [ Roger Conant Co-operative Bank, 1Salem Co-operative Bank, . Sandwich Co-operative Bank, Somerville Co-operative Bank, . Braintree Co-operative Bank, . . . 55 . 90 . 96 . 99 . 130 . 101 . 43 . 108 . 116 . 119 . 46 . 121 . . . . . . . . . . . . . . . . . . . . . 132 135 16 140 173 143 146 177 69 149 151 154 157 159 164 167 63 175 179 I ll 184 . . . . . . . 186 189 191 194 23 196 199 . 201 2 . r . .2 0 4 . 206 . 209 . 217 . 220 . . . . . . . . . . 226 321 229 231 237 238 245 248 253 31 No. 8.] INDEX. L O C A T IO N . South Framingham, South Weymouth, Springfield, . Stoneham, . Stoughton, . Taunton, Wakefield, . Waltham, . Watertown, . Waverley, . Webster, Westfield, . West Newton, West Somerville, West Springfield, Weymouth, . Whitman, . Winchendon, Winchester,. Woburn, Worcester, . Wrentham, . <» Boston, . . Worcester, . Boston, corpora xxi ™ nam e. PA G E . South Framingham Co-operative Bank, South Weymouth Co-operative Bank, Springfield Co-operative Bank, . Stoneham Co-operative Bank, . Stoughton Co-operative Bank, . c Mechanics’ Co-operative Bank, . Taunton Co-operative Bank, 1 Weir Co-operative Bank, . Wakefield Co-operative Bank, . Waltham Co-operative Bank, Watertown Co-operative Bank, . Waverley Co-operative Bank, Webster Co-operative Bank, Westfield Co-operative Bank, West Newton Co-operative Bank, West Somerville Co-operative Bank, . West Springfield Co-operative B ank,. South Shore Co-operative Bank, Whitman Co-operative Bank, . Winchendon Co-operative Bank, Winchester Co-operative Bank, . Woburn Co-operative Bank, -Equity Co-operative Bank,. Home Co-operative Bank, . Worcester Co-operative Bank, . Wrentham Co-operative Bank, . COLLATERAL LOAN COMPANIES. Collateral Loan Company, . .1 Workingmen’s Loan Association, Worcester Collateral Loan Association, . . . . . . . . . . . . . . . . . . . . . . . . . . . . * MORTGAGE LOAN AND INVESTMENT COMPANY. National Mortgage and Debenture Company, https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 256 262 265 268 271 162 276 296 284 286 289 292 294 298 301 306 309 259 311 314 316 318 72 124 324 331 . 336 . 338 . 337 . . 339 [Pub. Doc INDEX. XXII I ndex to the A nnual R epo rts. [ Alphabetically by Corporate Name.] CO-OPERATIVE BANKS. CORPORATE NAM E. Acushnet Co-operative Bank, . Adams Co-operative Bank, Allston Co-operative Bank, Amesbury Co-operative Bank, . Arlington Co-operative Bank, . Athol Co-operative Bank, . Atlantic Co-operative Bank, Attleborough Co-operative Bank, Baldwinville Co-operative Bank, Berkshire County Co-operative Bank, Beverly Co-operative Bank, Boston Co-operative Bank, Braintree Co-operative Bank, . Brookline Co-operative Bank, . Cambridge Co-operative Bank,. Campello Co-operative Bank, . Canton Co-operative Bank, Citizens’ Co-operative Bank, City Co-operative Bank, . Clinton Co-operative Bank, Columbian Co-operative Bank, Danvers Co-operative Bank, Dean Co-operative Bank, . Dedham Co-operative Bank, Dorchester Co-operative Bank, Economy Co-operative Bank, . Enterprise Co-operative Bank, . Equitable Co-operative Bank, . Equity Co-operative Bank, Everett Co-operative Bank, Fall River Co-operative Bank, . Federal Co-operative Bank, Fidelity Co-operative Bank, Fitchburg Co-operative Bank, . Foxborough Co-operative Bank, Gardner Co-operative Bank, Germania Co-operative Bank, . Gloucester Co-operative Bank, . Grafton Co-operative Bank, Groveland Co-operative Bank, . Guardian Co-operative Bank, . Hampton Co-operative Bank, . Haverhill Co-operative Bank, . Henry Wilson Co-operative Bank, . Highland Co-operative Bank, . Hingham Co-operative Bank, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . L O C A T IO N . New Bedford, Adams, . Boston, . Amesbury, Arlington, Athol, . Lawrence, Attleborough, Baldwinville, North Adams, Beverly,. Boston, . South Braintree, Brookline, East Cambridge, '* Brockton, Canton, . Haverhill, Holyoke, Clinton, . Cambridgeport, Danvers, Franklin, Dedham, Boston, . Merrimac, East Boston, . Lynn, Worcester, Everett, . Fall River, Boston, . Fitchburg, Fitchburg, Foxborough, . Gardner, Boston, . Gloucester, . Grafton, Groveland, . Boston, . Easthampton, Haverhill, Natick, . Boston, . Hingham, PAGE 2 4 6 9 11 14 16 19 21 23 25 28 31 33 35 37 40 43 46 48 51 53 55 57 60 63 66 69 72 75 77 80 82 85 88 90 93 96 99 101 103 106 108 111 114 116 No. 8.] INDEX C O R PO RA TE NAM E. Holbrook Co-operative Bank, . Holyoke Co-operative Bank, Home Co-operative Bank, Homestead Co-operative Bank, Housatonic Co-operative Bank, Hudson Co-operative Bank, Hyde Park Co-operative Bank, Lafayette Co-operative Bank, . Lawrence Co-operative Bank, . Leominster Co-operative Bank, Lowell Co-operative Bank, Lynn Co-operative Bank, . Malden Co-operative Bank, Mansfield Co-operative Bank, . Marblehead Co-operative Bank, Marlborough Co-operative Bank, Mechanics’ Co-operative Bank, Medford Co-operative Bank, . Melrose Co-operative Bank, Merchants’ Co-operative Bank, Merrimack Co-operative Bank, Middleborough Co-operative Bank, . Middlesex Co-operative Bank, . Milford Co-operative Bank, Mt. Washington Co-operative Bank, Needham Co-operative Bank, . New Bedford Co-operative Bank, Newburyport Co-operative Bank, Newton Co-operative Bank, North Abington Co-operative Bank, Northampton Co-operative Bank( North Dighton Co-operative Bank, . North Easton Co-operative Bank, . Norwood Co-operative Bank, . Orange Co-operative Bank, Peabody Co-operative Bank, People’s Co-operative Bank, Pioneer Co-operative Bank, Pittsfield Co-operative Bank, . Plymouth Co-operative Bank, . Provident Co-operative Bank, . Quincy Co-operative Bank, Randolph Co-operative Bank, . Reading Co-operative Bank, Reliance Co-operative Bank, Revere Co-operative Bank, Roger Conant Co-operative Bank, . Roslindale Co-operative Bank, . Roxbury Co-operative Bank, . Salem Co-operative Bank, Sandwich Co-operative Bank, . Security Co-operative Bank, Somerville Co-operative Bank,. South Framingham Co-operative Bank, South Shore Co-operative Bank, South Weymouth Co-operative Bank, Springfield Co-operative Bank, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis xxm LO C A T IO N . Holbrook, Holyoke, Worcester, Boston, . Great Barrington, . Hudson, Hyde Park, . Fall River, Lawrence, Leominster, . Lowell, . Lynn, Malden, . Mansfield, Marblehead, . Marlborough, Taunton, Medford, Melrose, Boston, . Lawrence, Middleborough, Lowell, . Milford, . Boston, . Needham, New Bedford, Newburyport, Newton,. North Abington, . Northampton, North Dighton, North Easton, Norwood, Orange, . . . Peabody, Fall River, Boston, . Pittsfield, Plymouth, Chelsea, Quincy, . Randolph, Reading, Cambridge, . Revere, . Salem, . Roslindale, . Boston, . Salem, . Sandwich, Brockton, Somerville, . South Framingham, Weymouth, . South Weymouth, Springfield, . PA G E . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 119 121 124 127 130 132 135 138 140 143 146 149 151 154 157 159 162 164 167 170 173 175 177 179 182 184 186 189 191 194 196 199 201 204 206 209 212 214 217 220 223 226 229 231 234 237 238 240 242 245 248 251 253 256 259 262 265 xxiv [Pub. Doc. No. 8. INDEX. . . . . . . . . . . . . . . . . . . . . . . . . . COLLATERAL LOAN COMPANIES. . Boston, . . Worcester, . Boston, . • MORTGAGE LOAN AND INVESTMENT COMPANY. . Boston, . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . . . . . . . . . . . . . . . . . . . . . . . . Stoneham, Stoughton, . Boston, . Taunton, Fall River, . Boston, . Wakefield, Waltham, Watertown, . Waverley, Webster, Taunton, Westfield, West Newton, Boston, . West Somerville, West Springfield, Whitman, Winchendon, Winchester, . Woburn, Quincy, . Worcester, Boston, . Wrentham, . Collateral Loan Company, Worcester Collateral Loan Association, . Workingmen’s Loan Association, National Mortgage and Debenture Company, • PAGE LO CA TIO N . C O R PO R A TE N A M E. Stoneham Co-operative Bank, . Stoughton Co-operative Bank, . Suffolk Co-operative Bank, Taunton Co-operative Bank, . Troy Co-operative Bank, . . . . Volunteer Co-operative Bank, . Wakefield Co-operative Bank, . Waltham Co-operative Bank, . Watertown Co-operative Bank, Waverley Co-operative Bank, . Wehster Co-operative Bank, Weir Co-operative Bank, . . . . Westfield Co-operative Bank, . West Newton Co-operative Bank, . West Roxbury Co-operative Bank, . West Somerville Co-operative Bank, West Springfield Co-operative Bank, Whitman Co-operative Bank, . Winchendon Co-operative Bank, Winchester Co-operative Bank, Woburn Co-operative Bank, Wollaston Co-operative Bank, . Worcester Co-operative Bank, . Workingmen’s Co-operative Bank, . Wrentham Co-operative Bank, 268 271 274 276 278 281 284 286 289 292 294 296 298 301 303 306 309 311 314 316 318 321 324 327 331 . . 336 . 337 . 338 • . 339
@FedFRASER