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ANNUAL REPORT
I • ......................
O F. T H E *•

.

i.

.

superinteND NtO B
e
F anks
R E L A T IV E TO

Savings and Loan Associations

For the Year 1912

TRANSM ITTED TO THE LEGISLATURE MARCH 15, 1913




ALBANY
J. B. LYON COMPANY, PRINTERS
1913




St a t e of N ew Y o r k
No. 12.

IN

S E N A T E
M arch 15, 1913.

RE POR T
OF THE

S U P E R IN T E N D E N T

OF

BANKS

R E L A T IV E

TO

S A V IN G S A N D L O A N A S S O C IA T IO N S .

STATE OF N EW Y O R K :
B a n k in g D
A

epartm ent,

lbany,

March 15, 1913.

To the Honorable the President of the Senate:
S ir .— In accordance with the provisions o f the banking law,

I have the honor to transmit to the Legislature the annual report
o f this Department, relative to savings and loan associations, for
the year ending December 31, 1912.
V ery respectfully, your obedient servant,




GEO. O. V A N T U Y L , J r .,

Superintendent of Banks.




REPORT.
To the Legislature:
As required by law, I submit for your consideration the annual
report o f this Department upon savings and loan associations.
Although these associations, from some points of view, form a
comparatively small and unimportant part o f the financial system
of the State, they have, not only from the abuses formerly prac­
ticed by the so-called National Building and Loan Associations,
but, also, from the fact that when properly conducted they do so
much to encourage thrift and home-building among provident
wage earners and come so closely in touch with their constituency,
attracted more than the usual amount o f attention. They are of
especial interest to the economist, for the reason that, with the
exception o f the savings banks, they constitute the only class of
strictly mutual financial institutions developed in this State which
have stood the test of time and experience and hold forth promise
o f continued usefulness. They differ from the savings banks in
that they are not only mutual but co-operative, inasmuch as they
elect their own officers and directors from year to year, while sav­
ings banks are, at their inception, placed in charge of essentially
permanent and self-perpetuating boards of trustees.
One association is still in existence which was organized in the
year 1868 and there are one hundred and ninety associations
that have been in business for more than twenty years.
The associations organized under the very crude and general
law o f 1851 were, according to their practices, divided into two
general classes, known as Building Lot Associations and Building
and Loan Associations. But one Building Lot Association still
survives, the South Park Building Lot Association, o f Buffalo.
This association has matured its shares and only awaits a favorable
opportunity to sell its real estate in bulk and pay off its share­
holders. The article o f the present Banking Law providing for •
the incorporation o f Building Lot Associations might well be
repealed, as it seems evident that this form of association is




[51

A nnual R eport of th e

6

practically obsolete. There are still two hundred and thirty-seven
Building and Loan Associations, or, as they are now termed by
law, Savings and Loan Associations.
In like manner, the so-called Building and Loan Associations
were, by general consent, again subdivided into two clashes which
became popularly known as Rational Building and Loan Asso­
ciations and Local Building and Loan Associations, according to
their practices and methods o f doing business. The two classes
o f associations became so distinct and well defined and the de­
scriptive names so generally understood that although not used
in the statute, they were generally recognized not only in the
public press but in the reports o f this Department. A s a result
o f mismanagement, most o f the associations formerly classified as
Rational Associations have been closed at the instance o f this De­
partment, or forced into liquidation. Only eight remain, o f which
number only three are still engaged in active business. From the
original point o f view, some o f these associations might well be
classified as Local Associations and, at the present time, none of
o f them can under existing laws engage in the practices that
ruined so many o f them and threatened to bring the whole Savings
and Loan system into ill repute. Tw o hundred and twenty-nine
associations are classified as strictly local associations.
R

a t io n a l

A

s s o c ia t io n s .

The following is a list o f associations which were formerly
known as Rational Building and Loan Associations:
Commercial Union Co-operative Bank........................................................
Eagle Savings and Loan Company................................. •
...........................
Elm Permanent Loan Association................................................................
Elmira Mutual Building-Loan Association.................................................
Rochester Savings and Loan Association....................................................
Western Savings and Loan Association.......................................................
Bankers’ Loan and Investment Company...................................................
Co-operative Building Bank.........................................................................
A

s s o c ia t io n s

C losed

by

the

S u p e r in t e n d e n t

of

Albany.
Brooklyn.
Buffalo.
Elmira.
Rochester.
Rochester.
New York.
New York.
B anks.

Rotwithstanding the general prosperity enjoyed by associations
o f this character since the last annual report, it has been found
necessary or expedient during the year to close the following asso­
ciations heretofore classified as Rational Associations:
Popular Banking, Savings and Loan Association.......................................
Industrial Savings and Loan Company.......................................................
Empire Savings and Loan Association........................................................
Birkbeck Investment, Savings and Loan Company of America..............




New York.
New York.
Syracuse.
New York.

S u p e r in t e n d e n t o f B a n k s .

7

The Popular Banking, Savings and Loan Association had been
in liquidation for many years, and while its books showed it to
be more than solvent, its former officers and directors had resigned
or become ineligible and it became necessary for this Department
to intervene, in order to protect the rights o f the few remaining
shareholders in connection with litigation that was threatened.
One o f the former officers o f the Birkbeck Investment Savings and
Loan Company o f America had undertaken to protect the share­
holders o f the corporation at considerable expense to himself, but
it was thought best fo r the Superintendent o f Banks to take pos­
session o f the property and business not so much for the benefit of
shareholders as to insure a legal disposition of the assets of the
corporation and its final dissolution at an early date.
The affairs o f the Em pire Savings and Loan Association had
already been substantially liquidated.

Litigation, was, however,

threatened and as the few remaining assets of the corporation,
consisting o f real estate, were located near Hew York City, it
seemed expedient for the Department to assume control, in order
to conserve the assets and insure a just distribution among the
members.

It had not done any new business for many years.

The Industrial Savings and Loan Company was one o f the
largest remaining National Associations and one o f the few that
was still engaged in active business. I t had made large loans
upon property in which a Hew Jersey real estate corporation,
closely connected with it, was interested and it became imperative
to close the institution through the inability o f the latter corpora­
tion to fulfill the contracts made with it, or for its benefit. The
real estate in the development o f which its funds had been invested
was located in the Palisade region o f Hew Jersey opposite New'
York City, and it had seemed in recent years that the increase
in the value of this real estate resulting from the gradual building
up o f the section might save the corporation from the results of
past mismanagement.

The real estate corporation, however, was

unable to dispose o f its property under existing conditions, or to
raise funds to continue its development and pay carrying charges.
The affairs of the real estate company as well as of the Industrial




A nnual, R e p o r t of t h e

8

Savings and Loan Company were carefully investigated by this
Department, and it was found that the real estate company was
hopelessly insolvent and that the interests o f the Industrial Sav­
ings and Loan Company were so closely interwoven with it that
it would be impossible fo r that corporation to continue in business.
W hile the property is favorably located and is believed to have
substantial value, there is so little demand for suburban property
at the present time that considerable time will undoubtedly elapse
before the liquidation o f its affairs can be completed.
moreover, a possibility o f considerable litigation.

There is,

The amount

that will ultimately be paid to the shareholders o f this corporation
w ill depend upon developments which cannot now be foreseen.
It is believed, however, that they will ultimately receive a very
considerable percentage o f their claims, and that a dividend can
be paid before the close o f the present year.
Another National Association, the National Mutual Building
and Loan Association, o f New York, was finally liquidated during
the year, it having taken the ordinary proceedings for a voluntary
dissolution.
A

s s o c ia t io n s

V

o l u n t a r il y

D

is c o n t in u in g

B

u s in e s s .

The following associations have discontinued business and made
a final settlement with shareholders:
Homestead Savings and Loan Association of Albany..................................
American Homestead Savings and Loan Association..................................
Prudential Savings and Loan Association.....................................................
Rochester Permanent Savings Association....................................................
Hudson Co-operative Savings and Loan Association...................................

Albany.
Rochester.
New York.
Rochester.
New York.

A ll o f these associations, with the* exception o f the Hudson Co­
operative Savings and Loan Association, have been in process o f
liquidation for many years.
The liquidation o f the Rochester Permanent Savings Associa­
tion and o f the Hudson Co-operative Savings and Loan Associa­
tion has been completed since the close o f the last calendar year.




9

S U P E R IN T E N D E N T OF B A N K S .

A

s s o c ia t io n s i n

L iq u id a t io n .

In the report o f last year, I gave a list o f the associations still
upon the roster o f the Department which were not engaged in
active business, but were in process o f liquidation, believing it
just both to the active associations and to the general public that
the names o f these moribund associations should be known. The
following are the names o f the associations o f this character which
are still carried upon the official list o f the Department:
Elmira Mutual Building-Loan Association...................................................
Elm Permanent Loan Association.................................................................
Richmond Avenue Permanent Dime Savings and Loan Association..........
Citizens Permanent Savings and Loan Association.....................................
Security Loan Association..............................................................................
Western Savings and Loan Association........................................................
Harlem River Building, Loan and Savings Association...............................
Mount Morris Co-operative Building and Loan Association...................
Produce Exchange Building and Loan Association......................................
Safety Co-operative Building, Loan and Savings Association of New
York C ity.....................................................................................................
H

A

ew

Elmira.
Buffalo.
Buffalo.
Rochester.
Rochester.
Rochester.
New York.
New York.
New York.
New York.

s s o c ia t io n s .

The following associations were authorized during the last
calendar year:
The New York Edison Savings and Loan Association....... j ............. New York.
The Polish Savings and Loan Association of Richmond County,
N. Y ..................................................................................... :.............. Port Richmond.
Security Savings and Loan Association of Buffalo, N. Y . ............... Buffalo.
D is t r ib u t io n

by

C o u n t ie s
R

and

C hanges

in

R

eso urces

as

eported.

The following table shows the location by counties of the two
hundred and thirty-seven Savings and Loan Associations which
reported for the calendar year ending December 31, 1912, to­
gether with changes in reported resources:




10

A nn u al R eport of th e

R eported R esources .

COUNTY.

Albany.....................................
Allegany..................................
Broome....................................
Cattaraugus............................
Chautauqua.............................
Chemung. . . .•
..........................
Chenango................................
Columbia.................................
Cortland..................................
Delaware.................................
Dutchess.................................
Erie..........................................
Franklin..................................
Genesee...................................
Greene.....................................
Herkimer.................................
Jefferson..................................
Kings.......................................
Madison..................................
Monroe....................................
Nassau.....................................
Niagara...................................
Oneida.....................................
Ontario....................................
Orange.....................................
Orleans....................................
Oswego....................................
Otsego.....................................
Queens.....................................
Rensselaer...............................
Richmond................................
Rockland.................................
St. Lawrence...........................
Schenectady............................
Steuben...................................
Tioga.......................................
Ulster......................................
Warren.....................................
Washington.............................
Westchester.............................
Yates.......................................
Totals...............................

Num­
ber of
associa­
tions. Dec. 31,1911 Dec. 31,1912

5
1
2
3
3
3
1
2
2
1
1
28
1
1
1
3
2
27
2
21
3
39
3
5
2
1
9
2
5
1
7

4
12
6
5
1
1
6

1
3
1
1

8
1
237

$964,479
197,885
211,726
846,840
358,553
1,614,352
288,471
13,407
22,736
9,023
486,101
5,143,536
76,060
423,124
118,360
536,196
409,515
9,121,483
185,492
2,157,551
336,612
11,638,137
1,475,001
3,375,320
229,466
497,932
1,843,438
269,685
1,054,327
379,436
816,758
2,439,101
3,219,140
1,358,300
1,438,499
46,476
674,426
1,074,832
157,389
327,479
406,960
3,966
1,368,342
18,142
$57,634,054

$1,021,404
200,794
233,727
925,317
402,723
1,675,438
309,002
22,646
32,972
9,937
551,635
5,686,902
88,524
481,891
139,255
638,403
454,780
9,394,344
191,863
2,366,880
365,997
8,873,583
1,646,276
3,796,843
219,236
591,181
1,949,747
284,082
1,231,763
437,962
838,053
2,811,503
3,698,318
1,480,672
1,572,573
41,561
728,349
1,217,563
179,351
338,571
438,341
9,171
1,440,632
20,746
$59,040,511

Increase.

Decrease.

$56,925
2,909
22,001
78,477
44,170
61,086
20,531
9,239
10,236
914
65,534
543,366
12,464
58,767
20,895
102,207
45,265
272,861
6,371
209,329
29,385
$2,764,554

.171,275
421,523
10,230

93,249
106,309
14,397
177,436
58,526
21,295
372,402
479,178
122,372
134,074
4,915

53,923
142,731
21,962
11,092
31,381
5,205
72,290
2,604
$4,186,156

$2,779,699

It will be noticed that the only county in which there was any
considerable decrease in reported assets is the county o f New York
in which the Industrial Savings and Loan Company and two other




11

S u p e r in t e n d e n t o f B a n k s .

closed National Associations, the Popular Banking, Savings
and Loan Association and the Birkbeck Investment Savings and
Loan Company o f America, as well as the Prudential Savings
and Loan Association and the Hudson Co-operative Savings and
Loan Association, were located. .A# the three closed National
Associations alone reported resources of $3,101,105 last year, it
is evident that there was an increase in the resources o f the
associations o f that county still in existence o f over $336,000.
While, as this table indicates, Savings and Loan Associations
have been extensively organized in the cities, it is clear that they
also prosper in agricultural districts. There is probably no con­
siderable village in the State in which a properly. conducted
Savings and Loan Association could not be organized to advantage
and it is quite possible that their development in the rural dis­
tricts o f the State would satisfy existing demands for co-operative
loaning institutions. They certainly encourage thrift and home
owning and enable the honest and the frugal to obtain loans when­
ever adequate security can be furnished either by the individual
borrower himself or through the co-operation of other members.
C o m p a r a t iv e T a b l e .

W hile the so-called National Associations are becoming com­
paratively negligible, it has been deemed advisable to continue
the usual comparative table giving the principal items o f assets
and liabilities, receipts and disbursements o f the National and
Local Associations o f the State and other items of general interest
as reported by them:
A ssets.

Nationals.

Locals.

Loans on bond and mortgage..................... $3,192,572 $48,901,865
Loans on shares...........................................
1,449,812
34,675
Stocks and bonds.........................................
6,868
606,826
Land contracts................... •
........................
262,709
30,365
Real estate....................................................
1,015,409
1,066,315
Cash on hand and in bank.........................
1,875,614
120,236
Furniture and fixtures.................................
36,244
13,707
Installments due and unpaid......................
23,576
Interest, premium, fees and fines due and
unpaid.......................................................
27,656
74,660
242,084
Other assets..................................................
59,318
Totals




$4,734,478 $54,306,033

Totals.
$52,094,437
1,484,487
613,694
293,074
2,081,724
1,995,850
49,951
23,576
102,316
301,402
$59,040,511

12

A n n u al R epoet of th e
L ia b il it ie s .

Nationals.

Locals.

Totals.

Due shareholders, dues...............................
Due shareholders, dividends credited........
Due shareholders, matured shares.............
Balance due borrowers on mortgage loans.
Prior mortgages............................................
Borrowed money..........................................
Earnings undivided.....................................
Contingent fund...........................................
Unearned or rebatable premium................
Other liabilities............................................

$3,580,405 $43,833,624
335,589
5,809,544
514,644
51,739
350,342
557,989
198,300
999,153
45,000
98,478
912,689
1,420,041
48,461
146,775
120,921
16,817

$47,414,029
6,145,133
566,383
350,342
756,289
1,044,153
1,011,167
1,468,502
146,775
137,738

Totals....................................................

$4,734,478 $54,306,033

$59,040,511

R e c e ip t s .

Cash on hand January 1, 1912...................
Dues received...............................................
Prior mortgages...........................................
Money borrowed..........................................
Mortgages redeemed...................................
Loans on shares repaid................................
Real estate sold............................................
Fees received................................................
Fines received...............................................
Interest received..........................................
Premium received........................................
Rent received...............................................
Other receipts...............................................
Totals....................................................
D

$1,742,185
15,228,125
46,000
2,970,230
6,480,170
1,509,077
147,207
33,109
23,804
2,656,914
277,215
45,627
442,178

$1,853,167
18,029,512
57,500
2,987,850
6,855,899
1,550,707
226,722
34,451
27,496
2,848,559
298,599
98,340
579,390

$3,846,351 $31,601,841

$35,448,192

is b u r s e m e n t s .

Loaned on mortgages..................................
Loaned on shares.........................................
Payments to shareholders before maturity,
dues...........................................................
Payments to shareholders, dividends withdrawn.........................................................
Cash dividends paid on income and accumulative prepaid shares..........................
Paid matured shares....................................
Paid borrowed money and prior mortgages.
Paid interest on borrowed money and prior
mortgages.................................................
Paid for real estate......................................
Paid salaries and clerk hire.........................
Paid advertising, printing and postage. . . .
Paid rent......................................................
Paid repairs to real estate...........................
Paid taxes, insurance, etc...........................
Other disbursements....................................
Cash on hand December 31, 1912..............
Totals....................................................




$110,982
2,801,387
11,500
17,620
375,729
41,630
79,515
1,342
3,692
191,645
21,384
52,713
137,212

$235,700 $10,965,251
1,552,132
43,086

$11,200,951
1,595,218

2,541,320

9,319,179

11,860,499

128,968

804,349

933,317

66,710
12,570
286,320

189,068
2,665,946
3,012,425

255,778
2,678,516
3,298,745

46,030
98,760
30,790
5,953
7,436
19,882
18,679
183,911
120,236

62,492
317,823
231,305
34,225
33,047
21,588
46,936
470,461
1,875,614

108,522
416,583
262,095
40,178
40,483
41,470
65,615
654,372
1,995,850

$3,846,351 $31,601,841

$35,448,192

13

S u p e r in t e n d e n t o f B a n k s .
M

is c e l l a n e o u s

I tem s.

Locals.

Nationals.
Shares in force January 1, 1912.................
Shares issued during the year.....................
Shares withdrawn during the year.............
Shares in force December 31, 1912............
Borrowing members.....................................
Shares held by borrowing members...........
Non-borrowing members.............................
Shares held by non-borrowing members. . .
Female shareholders*..................................
Shares held by females*..............................
Dividends credited on installment shares
during the year........................................
Dividends credited or paid in cash on other
shares during the year.............................
Dividends forfeited during the year..........
Filed and unpaid withdrawals, December
31, 1912....................................................
Shares matured during the year...............
Operating expenses for the year, paid. . . .
Operating expenses for the year, unpaid..
Amount of mortgages on property in this
State..........................................................
Number of foreclosures commenced in
1912................................... .......................
Number of foreclosures completed in 1912.
Number of parcels of real estate acquired
in 1912 by foreclosure or settlement of
loans............................. •
............................

C o m p a r is o n W

it h

Totals.

138,949
23,569
17,825
144,693
884
31,319
5,891
113,374
2,700
51,961

1,144,580
388,419
238,357
1,294,642
28,822
333,526
115,422
961,116
54,536
378,023

1,283,529
411,988
256,182
1,439,335
29,706
364,845
121,313
1,074,490
57,236
429,984

$50,905

$1,982,567

$2,033,472

102,331
7,894

408,917
52,411

511,248
60,305

43,530
13,061
50,299

63,443
2,748,179
337,120
1,110

106,973
2,761,240
387,419
1,110

3,397,584

46,012,649

49,410,233

15
9

122
82

137
91

22

55

77

P

r e v io u s

Y

ears.

The reported resources o f the National and Local Associations
at the close o f the calendar year 1912 were $59,040,511, an in­
crease for the. year o f $1,406,457. These figures, however, owing
to the closing o f the National Associations already referred to,
but slightly reflect the exceptional progress made during the year
by the strictly mutual type o f associations.
The reported resources o f the Local Associations during the
same period increased $4,721,463 and amounted to $54,306,033
at the close o f the year, a sum greater by over seventeen millions
o f dollars than the amount reported by Local Associations in the
year when the reported assets o f all the associations of the State
reached the maximum figure o f sixty-six millions of dollars, and
twenty-one and one-half millions o f dollars more than was re­
ported by them at the close o f the year 1904. As most o f the
members o f such associations subscribe for installment shares
upon which the accumulations are very gradual, erven these figures
* Seventeen associations did not report in regard to these items.




14

A nnual R eport of th e

do not indicate the increasing favor with which the strictly mu­
tual corporations are regarded as clearly as the figures with refer­
ence to membership and shares issued.
Notwithstanding the loss in membership resulting from the
closing o f four National Associations and the final liquidation o
others, the membership o f all the associations o f the State in­
creased 8,727 during the year, so that at the close of the year there
were 151,019 members. There was also an increase o f 155,806
in the outstanding shares. There were in force at the close of
the year 411,988 shares. Two hundred fifty-six thousand one
hundred and eighty-two shares, having a total withdrawal value
o f $12,793,816, were withdrawn from the associations which re­
ported at the close o f the year.
The associations paid matured shares to the amount of
$2,678,516, o f which all but $12,570 was paid by the Local Asso­
ciations. They also paid to the holders o f income and accumula­
tive prepaid shares in cash the sum o f $255,778. They, there­
fore, returned to members during the year $15,728,110, or con­
siderably more than twenty-five per cent, o f the total resources at
the close o f the year.
These facts would seem to demonstrate the elasticity o f the
system and emphasize the ability o f properly conducted associa­
tions to meet promptly all ordinary demands upon them. Not­
withstanding the fact that one hundred eighty-four out o f two
hundred twenty-nine Local Associations reporting for the year
have been in existence fo r over twenty years, the total amount of
unsold real estate accumulated by them only amounted to a little
over one million dollars out o f over fifty-four million dollars of
reported assets. They had cash on hand at the close o f the year,
notwithstanding the large payments made to members, o f $1,875,614. They also had on hand, and available in case o f unusual
demands for cash, bonds o f the savings bank grade amounting to
$606,826.
The Department has, from time to time, called attention to the
fact that it is absolutely necessary fo r a mutual corporation to
make some provision fo r the payment o f contingent losses, i f it
is to continue to exist, notwithstanding the contention o f mere
theorists that the last dollar o f earnings should be distributed
among’ present members. They forget that this compels future




15

S u p e r in t e n d e n t oe B a n k s .

members to bear all the losses that may be incurred upon invest­
ments from which the earnings paid retiring members have been
derived. A small contribution to a contingent or reserve fund
merely insures incoming members from losses upon investments
o f which withdrawing members have had the benefit and is ab­
solutely just and equitable. A fter considerable opposition, the
.Department succeeded in securing an amendment to the statute
some years ago by which the directors o f these associations were
compelled to set aside to a contingent fund five per centum o f
their- net earnings before the declaration o f dividends.
A t the close o f last year, the contingent funds accumulated by
tiie Local Associations amounted to $1,420,041, a sum equal to
two and eighty-three one-hundreths per cent, o f the dues and
dividends credited.
They also reported undivided earnings
amounting to $912,689, making a total surplus o f undivided earn­
ings o f $2,332,730 which was equal to four and sixty-five onehundredths per centum o f the $50,157,812 o f dues and dividends
credited to their shareholders.
The total dues and dividends credited to the members o f all the
associations of the State, both National and Local, was $54,125,545 and the total undivided earnings o f these associations in­
cluding the contingent fund was $2,479,669, or four and fiftyeight one-hundredths per centum o f the accumulated capital.
N

et

E a r n in g s , D

i v id e n d s a n d

O p e r a t in g E x p e n s e s .

Although now operating under a uniform law, the different
associations have some items both o f earnings and of expenses that
cannot be readily tabulated under general headings.
The principal items o f profits and o f expenses o f the two classes
o f associations, together with net earnings and totals for the en­
tire State are shown in the following table:
E a r n in g s .

Nationals.

Locals.

Totals.

Fees received................................................
Fines received..............................................
Interest received..........................................
Premium received........................................
Rent received...............................................
Dividends forfeited......................................

$1,342
3,692
191,645
21,384
52,713
7,894

$33,109
23,804
2,656,914
277,215
45,627
52,411

$34,451
27,496
2,848,559
298,599
98,340
60,305

Totals........... ........................................

$278,670

$3,089,080

$3,367,750




1G

A n n u a l R e p o r t o f t i ie
E xpen ses.

Nationals.
Paid interest on prior mortgages and bor­
rowed money.............................................
Paid salaries and clerk hire.........................
Paid advertising, printing and postage----Paid rent.......................................................
Paid repairs to real estate...........................
Paid taxes, insurance, etc...........................
Miscellaneous operating expenses..............

Locals.

Totals.

$46,030
30,790
5,953
7,436
19,882
18,679
6,120

$62,492
231,305
34,225
33,047
21,588
46,936
39,653

$108,522
262,095
40,178
40,483
41,470
65,615
45,773

Totals....................................................

$134,890

$469,246

$604,136

Net earnings.................................................

$143,780

$2,619,834

$2,763,614

The dues and dividends credited to the members o f associations
reporting for the year 1912, at the beginning of the year amounted
to $49,324,463, o f which amount $45,571,413 was credited to
members o f the Local Associations and $3,753,050 was credited to
the members o f the National Associations. The net earnings o f
all associations as shown by this table were $2,763,614, or ap­
proximately five and six-tenths per cent, o f the dues and dividends
credited at the beginning o f the year. The net earnings o f the
Local Associations amounted to $2,619,834, or five and threefourths per cent, o f their accrued capital at the beginning o f the
year.
A s heretofore noted, only three o f the National Associations are
in active business and the net earnings o f the National Associa­
tions taken as a class only amounted to $143,780, or approxi­
mately three and eighty-three one-hundredths per cent, o f their
accrued capital at the commencement o f the year.
Two hundred sixteen Local Associations out o f two hundred
twenty-nine credited dividends to their members upon their regu­
lar installment shares at an average rate o f five and six-tenths per
cent. One hundred three o f these associations also credited divi­
dends upon other classes o f shares, the average rate o f dividends
declared upon income and accumulative prepaid and savings
shares being four and six-tenths per cent.
Lour o f the eight National Associations also credited dividends
to their members, the average rate upon installment shares being
four and three-fourths per cent., and upon income and other
shares four and one-half per cent.




S u p e r in t e n d e n t o f B a n k s .

17

In order to curb the extravagance o f so-called National Asso­
ciations in the payment o f salaries and other expenses of a similar
character, a limitation upon the total operating expenses o f such
corporations was inserted in the law some years ago. The operat­
ing expenses, as defined in the statute, do not include the interest
paid upon prior mortgages and borrowed money and certain other
items o f general expense.
The total operating expenses o f the associations of the State
show a considerable decrease for the last calendar year. They
amounted to $388,529, or approximately seventy-eight cents for
each one hundred dollars o f capital. The operating expenses of
the Local Associations amounted to $338,230, or about seventyfour cents for each one hundred dollars o f dues and dividends
credited to their members at the beginning o f the year, while the
National Associations expended one dollar and thirty-four cents
for each one hundred dollars invested.
I f a comparison be made with the total resources o f these asso­
ciations as reported at the close o f the year, it will be seen that
the operating expenses o f all the associations o f the State amounted
to sixty-six one-hundredths o f one per cent, of the total resources,
while the operating expenses o f the Local Associations are only
a little over sixty-two one-hundredths o f one per cent, o f the
total resources.
B

ureau of

S a v in g s

and

L

oan

A

s s o c ia t io n s .

This Department in the administrative division o f its work
formerly maintained a separate Bureau in connection with the
supervision o f Building and Loan Associations in which a deputy,
a stenographer and a clerk were constantly employed.
The
salaries o f these employees, together with the expense o f printing
reports and furnishing forms and stationery were, o f course, as­
sessed against the institutions for which the expenses were in­
curred. Eight or nine examiners were assigned to the work of
this Bureau. A s a result o f the efforts o f this Department in
correcting unbusinesslike methods, in eradicating evil and corrupt
practices and in procuring the enactment o f laws to prevent the
recurrence of such practices, both the work and the expense o f
supervision have been greatly reduced and the so-called Bureau




18

A n n u al R eport of th e

was abolished some years ago.

UT salaried employee o f the De­
So

partment now devotes all his time to these associations, or is
wholly paid by an assessment upon them.

Only three examiners

are now regularly employed in their examination.

As a result,

the total assessment for general expenses of this Department
levied upon these associations has been greatly reduced and has
recently but slightly exceeded the salary formerly paid the head
o f the Bureau, so that there has been economy in supervision as
well as in management.
A

r t ic l e

VI

of

the

B a n k in g L a w .

Tw o years ago all the associations o f the State were made sub­
ject to one general law, which was designed to promote uniformity
among corporations o f this character, and which embodied the
various remedial amendments to the statute which had been pre­
viously passed from time to time, as a result o f the experience of
this Department in the work o f supervision.
W hile a few changes in the statute were made by the Legis­
lature o f last year, in order to relieve conditions not foreseen at
the time o f its enactment, the effect o f this legislation has un­
doubtedly been very beneficial. Although some further ainendments might relieve particular associations which are confronted
with special conditions, there is no change for which there is so
general a demand that it need be referred to in this report.
Should the Legislature adopt a resolution authorizing the ap­
pointment o f a commission to revise the entire Banking Law,
there are a number o f instances in which even this article can be
made clearer and the language greatly improved.
C O N C L U SIO N .
In the appendix to this report, there will be printed the usual
table giving in detail the assets and liabilities, receipts and dis­
bursements o f all the associations o f the State and particular
items o f general interest, with totals by counties and for the
entire State, as well as the reports o f the individual associations
in slightly abbreviated form. That portion o f the Banking Law
which relates to the supervision and management o f such asso­




S u p e r in t e n d e n t o f B a n k s .

19

ciations will also be printed in the appendix, and there will be
included in it another table giving the names, locations, dates of
organization and dates o f liquidation, if closed, of all the cor­
porations o f this character which ever reported to this Department.




Respectfully submitted,
G E O R G E C. V A N T U Y L , J r .,

Superintendent of Banks.







APPENDIX
[21]




L I S T
OF

SAVINGS AND LOAN ASSOCIATIONS
That have Reported to the Bank'ng Department or have been Organized or Authorized
under the Banking Law.

From 1875 to 1913.
IN C L U D IN G B U IL D IN G L O T A S S O C IA T IO N S .
N ote .— T he asso< iations whose names are printed in Small C aps closed before 1890.

The associations whose names are printed in I alics closed after 1890.
The asso iations whose names are printed in Roman are in existence at this date,
January 1, 1913.




[23]

LIST

OF SAVINGS

NAMES OF ASSOCIATIONS.

G e r m a n Sa v in g s

and

Albany........................
Albany.......................

Oct. 11, 1892
Nov. 5. 1888
Dec.,
1890
Feb. 16, 1891

B u il d in g F u n d A sso c ia t io n , N o . 8 .................

Central Savings and Loan Association......................................................
Commercial Union Co-operative Bank.....................................................

S a v in g s
Sa v in g s
Sa v in g s
Sa v in g s
Sa v in g s

and
and
and
and
and

B u il d in g
B u il d in g
B u il d in g
B u il d in g
B u il d in g

Fund
Fund
Fund
F und
Fund

A s s o c ia t io n ,
A s s o c ia t io n ,
A s s o c ia t io n ,
A s s o c ia t io n ,
A s s o c ia t io n ,

No.
No.
N o.
N o.
No.

4 ...................................
5 ...................................
6 ...................................
7 ...................................
9 ...................................

Albany.......................
Albany.......................
Albany.....................

1873
July 15, 1890
Feb. 4, 1889

ALLEGANY COUNTY.
Alfred Mutual Loan Association...............................................................

and

L o a n F u n d A s s o c ia t io n ................................

1889




Jamestown................
Jamestown................
Jamestown................
Jamestown................
Jamestown................
Silver Creek...............

1889
1890
1892
1884

Nov. 1,
May 13,
April 1,
Nov. 22,
Nov. 22,
Feb. 13,
Aug. 5;
April 15,

1881
1891
1890
1894
1883
1891
1890
1909

1881
1891
1889
1881
1881
1891
1890
1909

1893
*1881
1894

1895
1902
1901
§1894
1896

s s o c ia t io n s .

CHAUTAUQUA COUNTY.
Chautauqua First Equitable Building Society.........................................
Chautauqua National Building, Loan and Savings Association...........
Dunkirk Savings and Loan Association...................................................
Jamestown Co-operative Savings and Loan Association.........................
Jamestown Permanent-Loan and Building Associationt.......................
Lake Shore Savings and Loan Association..............................................
Scandinavian Building and Loan Association.........................................
Silver Creek Co-operative Savings and Loan Association.......................

1891
1875
1887

Oct. 5, 1889
Feh i' 1892
Sept.,
1882

CATTARAUGUS COUNTY.
Gowanda Co-operative Savings and Loan Association...........................
Olean Building, Loan and Savings Association.......................................
Salamanca Loan and Building Association.............................................

May 22, 1891
Mar. 15, 1875
April 2, 1886
‘.Tune 24 1889

Binghamton..............
Binghamton..............
Binghamton..............

A

Co-operative Building and Loan Association of Binghamton, N. Y ---Deposit Savings and Loan Association.....................................................
Home Mutual Loan and Savings Association of Binghamton, N. Y . ..

*1876
*1876
*1878
*1877
*1877
***Oct. 11, 1905

oan

Ca t h o l ic B u il d in g

*1876

L

BROOME COUNTY.
Binghamton and Washington Land Company.........................................

*1888
tl892

and

United States Building, Mutual Loan Accumulating Fund Association
West End Savings and Loan Association................................................

Albany.......................
Albany.......................
Albany.......................

Dec. 31, 1888
.Tan. 29, 1889
’ 1868
1869
1868

1892
1888
1891
1891
1876
1888
1889
1890
1875
1875
1875
1875
1875
1890
1890

Closed.

S a v in g s

Homestead Savings and Loan Association of Albanj, N. Y .........................
Permanent Savings and Loan Association of Albany, N. Y .................
Safety Building-Loan and Savings Association of the City of Albany.

First
report
for year.

on

L o a n A s s o c ia t io n .....................................................

Organized.

eport

and

Location.

R

ALBANY COUNTY.
Albany County Savings and Loan Association of Albany, N. Y ..........
A l b a n y Sa v in g s

to

LOAN ASSOCIATIONS.

CHEMUNG COUNTY.
Chemung Va ey Mutual Loan Association^.........................................
Elmira Co-operative Savings and Loan Association............................
Elmira Mutual Building-Loan Association............................................
Queen City Homestead Association........................................................

Elmira.
Elmira
Elmira
Elmira
Elmira

April,
May 28,
May 1,
April 18,
Sept.,

1875
1888
1872
1893
1891

1875
1888
1875
1893
1891

.............1893

CHENANGO COUNTY.
Chenango Co-operative Savings and Loan Association.......................
Oxford Co-operative Savings and Loan Association..............................

Norwich
Oxford. •

April 24, 1888
July 23, 1897

1888
1897

...........*i910

COLUMBIA COUNTY.
Hudson Building and Loan Association...............................................
Hudson Savings and Loan Association.................................................
Stuyvesant Falls Building and Loan Association.................................

Hudson......................
Hudson......................
Stuyvesant Falls. . ..

Dec.,
1875
April 20,1911
Jan. 1, 1881

1876
1911
1881

CORTLAND COUNTY.
Century Co-operative Savings and Loan Association...........................
Dime Savings and Loan Association.....................................................

Marathon
Cortland.

Mar. 28, 1895
July 31, 1911

1895
1911

DELAWARE COUNTY.
Walton Co-operative Savings and Loan Association (The).................

Walton

Oct. 11, 1907

1907

DUTCHESS COUNTY.
Home Co-operative Savings and Loan Association..............................

Poughkeepsie

April,

1888
1882

E l m ir a B u il d in g

L o a n A s s o c ia t io n ........................

*1882

***1902
1890
Jan. 13, 1890
Buffalo.
1893
1890
Buffalo.
1887
1875
Mar. 21, 1872
*1875
Buffalo.
ASt n a L o a n a n d A c c u m u l a t in g F u nd A s s o c ia t io n ..........................
1890
Oct. 23, 1889
Buffalo.
-Etna Permanent Savings and Loan Association.................................
1875
June 3, 1874
*1878
A l l e m a n ia Sa v in g s a n d A id A s s o c ia t io n ..............................................
Buffalo.
ttl900
1890
Mar. 27, 1890
Buffalo.
Amherst Savings and Aid Association...................................................
1900
Feb. 8. 1909
Amherst Savings and Loan A ssociation ^ ............................................
Mar. 27, 1890
Buffalo.
*1879
Buffalo.
1876
April 11, 1876
A m ic a b l e Sa v in g s a n d A id A s s o c ia t io n ................................................
*1879
Mar. 16, 1875
1875
Buffalo.
A u r o r a S a v in g s a n d A id A s s o c ia t io n ................. ...............................
1890
1896
Buffalo.
April 2, 1888
Bavaria Mutual Permanent Savings and Loan Association...............
*1875
Buffalo.
1875
Dec. 6, 1872
B a v a r ia St r e e t A id in g a n d A c c u m u la tin g So c i e t y .......................
1895
1893
Buffalo.
Black Rock Capital Savings and Loan Association.............................
1889
1890
Black Rock Mutual Home and Savings Association............................
Buffalo.
April 7, 1890
1892
1890
Jan. 1, 1890
Buffalo.
Bristol Permanent Dime Savings and Loan Association.....................
1893
1890
Buffalo.
Broadway Dime Permanent Savings and Loan Association...............
Feb. 27, 1890
**1894
1894
Mar. 31, 1891
Buffalo.
Broadway Market Dime Permanent Savings and Loan Association. .
1893
1890
Jan. 8, 1890
Buffalo.
Buffalo Building and Loan Association................................................
*1875
1875
Buffalo.
B u f f a l o Ci t y Sa v in g s a n d M u t u a l B e n e f it F u n d A sso c ia tio n
*1893
1890
Buffalo.
Buffalo Dime Savings and Loan Association.......................................
1890
* The last report received was for that year. ** Consolidated with Prince Albert Permanent Savings and Loan Association. *** Receiver appointed,
t Consolidated with West End Savings and Loan Association, tt Formerly Globe Permanent Dime Savings and Loan Association, q. v. t Formerly
Jamestown Permanent Loan and Building Association, q. v.
Reorganized December 17, 1894.
tt Name changed to Amherst Savings and Loan
Association March 19, 1900. § Reorganized as Jamestown Co-operative Savings and Loan Association, December 17, 1894.
U Reorganized October
7, 1896. H Formerly Amherst Savings and Aid Association, q. v. |
U
IReincorporated July 9, 1895.




s s o c ia t io n s .

ERIE COUNTY.
Acme Savings and Loan Associationt t .................................................
Adams Savings and Loan Association...................................................

||1888

A

and

Mar. 4, 1905

of

F is h k il l B u il d in g

*1878

is t

of

L o a n A s s o c ia t io n ...............................................

L

T own

and

to

O
x

L ist

of

S avings

and

L oan A ssociations — ( Continued).

NAMES OF ASSOCIATIONS.

Location,

to
os

Organized.

First
report
for year.

Closed.

R

B u f fa lo Sa v in g s
B u f f a l o Sa v in g s

and
and

H e l p in g F u n d A s s o c ia t io n , N o . 2 ......................
H e l p in g F u n d A s s o c ia t io n , N o . 4 ......................

Mar. 31,
Jan. 28,
Aug. 10,
Feb. 9,
April,
May 22,
Feb. 22,

1893
1890
1904
1874
1888
1880
1876

June 6, 1890
July 1, 1885
May 31, 1887

May,

1884
1878
1891
1891
1878
1870

Feb. 3, 1890
April 30, 1890
Buffalo.......................

Sept. 7, 1876

Buffalo.......................

May 1,
Mar. 22,
Aug. 4,
April 1,
Oct. 4,
May 24,

1894
1897
1869
1876
1870
1873

1875
1876
1875
1875

*1878
*1877
•*1875
1891
*1878
1897
Dec. 1, 1905
1892
*1877
*1879
*1875
1895
1897
*1875
*1880
*1876
*1875

s s o c ia t io n s .

4,
3,
24,
2,
12,

*1877
*1878
1892
1897
*1875
1892
*1878
tl892
Dec. 17, 1894
*1879
1894
*1892

L oan A

Aug.
Sept.
Nov.
Mar.
April

1892
Feb. 24,1912
1890
*1875
*1875
ttl901
*1890
May 22, 1908
*1875
July 25, 1894

and

B u f f a l o W o r k in g m e n ’ s Sa v in g s a n d A id A ss o c ia t io n on t h e H il l
Bunker HiU Permanent Savings and Loan Association..................................
C arlton Street Perm anent S avings and A id A ss ocia tion ..................................
Ce n t e n n ia l L o a n a n d A c c u m u l a t in g F u n d A s s o c ia t io n .......................
C e n t e n n ia l Sa v in g s a n d A id A s s o c ia t io n , N o . 2 ......................................
Central Dime Building, Loan and Savings Association...................................
Central Permanent Savings and Loan Association.............................................
C e n t r a l Sa v in g s a n d A id A s s o c ia t io n .............................................................
Charter Oak, No . 3, Savings and Aid Association............................................
C h a r t e r O a k S a v in g s a n d A id A s s o c ia t io n ..................................................
Chenango Savings and Loan Association...............................................................
Cherry and Orange Permanent Savings and Aid Association........................
C it iz e n s ’ P e r m a n e n t L o a n A s s o c ia t io n ..........................................................
City Dime Savings and Loan Association.............................................................
Clinton Market Dime Savings and Loan Association.......................................
Clinton M utual Savings and L oan A ss o cia tio n ....................................................
Cl in t o n Sa v in g s a n d A id A s s o c ia t io n , N o . 2 ...............................................
Cl in t o n S a v in g s a n d H e l p in g F u n d A s s o c ia t io n , N o. 2 .......................
Cl in t o n St r e e t Sa v in g s a n d A id A s s o c ia t io n ............................................
Coit Savings and Aid Association.............................................................................
Co it St r e e t Sa v in g s a n d A id A s s o c ia t io n ....................................................
Cold Springs Permanent Savings and Loan Associationt.............................
Columbia Co-operative Savings and Loan Association§ .................................
Columbia Permanent Savings and Loan Association......................................
C o l u m b ia S a v in g s a n d A id A s s o c ia t io n ...........................................................
Co l u m b ia Sa v in g s a n d A id A s s o c ia t io n , N o . 2 .........................................
C o l u m b u s Sa v in g s a n d A id A s s o c ia t io n .......................................................
Commercial Savings and Loan Association.........................................................
Concordia Building and Loan CompanyH ...........................................................
C o n c o r d ia Sa v in g s a n d A id A s s o c ia t io n ......................................................
C o n c o r d ia Sa v in g s a n d A id A sso c ia t io n o f B u f f a l o ...........................
C o n c o r d ia Sa v in g s a n d A id A s s o c ia t io n , N o . 2........................................
Co n c o r d ia S a v in g s a n d A id A s s o c ia t io n , N o . 3.......................................

Buffalo....................

1890
1890
1890
1875
1875
1893
1890
1904
1875
1890
1890
1870
1876
1890
1890
1875
1890
1877
1890
1890
1878
1892
1891
1878
1878
1877
1875
1890
1875
1890
1894
1890
1875
1876
1875

S a y in g s

Buffalo Savings and Loan Association....................................................................
Bu^alo Ten Cent Permanent Savings and Loan Association.........................
Buffalo Union Co-operative Savings and Loan Association.............................




June 21, 1887
Feb. 20, 1881
April 12, 1879

epo r t on

E R I E C O U N T Y — { Continued).
Buffalo Mutual Permanent Savings and Loan Association.............................
Buffalo Permanent Mutual Loan Association, No . 2 ........................................
Buffalo Plains Loan and Aid Association........................................................

*1879
1876
1890
1892
1890
1902
1875
*1875
1895
1890
1899
1875
*1875
1875
*1876
Nov. 18, 1905
1892
Dec. 10, 1891
1891
Nov. 22, 1891
1893
1891
Sept. 11, 1888
1894
1876
*1878
April 11, 1888
1890
I893
1875
1877
1894
April 19, 1894
Jan. 2, 1887
1892
I894
Nov. 1, 1895
1895
1897
*1877
1875
Mar. 18, 1889
1889
April 6, 1878
1878
*1878
Feb.,
1882
1890
1892
1890
Sept. 22, 1879
1875
*1876
April 3, 1888
1890
,,1892
Feb. 27, 1890
1890
ttl899
Oct.,
1888
1890
1902
1875
*1875
Dec. 21, 1883
1889
Aug. 6, 1870
1875
*1875
Mar. 10, 1877
1878
*1878
May,
1889
1890
1901
Mar. 4, 1890
1890
ttl896
1878
*1879
Dec. 2, 1889
1890
1897
May,
1889
1890
1892
April 17, 1871
1875
*1877
July,
1884
1890
1896
1878
*1878
jan. 5, 1871
1875
*1876
May 27, 1891
1891
Buffalo....................... July 1, 1890
1890
**1895
Mar. 7, 1877
1877
*1877
1875
*1875
Frontier Savings Fund and Aid Association...................................................................
1890
May 5, 1891
Frontier Savings Fund and Aid Association..........
................................................... Buffalo....................... April 28, 1891
1891
1897
♦The last report received was for that year. ** Amalgamated with Irish-American Savings and Loan Association.
tConsolidated with Richmond
Avenue Permanent Dime Savings and Loan Association.
+t Receiver appointed t Did not report for year 1896.
J Formerly Iroquois Permanent
Dime Savings and Loan Association, q. v.
1 Attempted revival of St. Joseph’s Street Permanent Savings and Loan Association of Rochester a » •
1cosed by order of the Superintendent of Banks in J 897.
’
'

Co n c o r d ia S a v in g s

A id A ss o c ia t io n , No. 3 . ....................................... .............

Buffalo.......................

June
Dec.
Oct.
July
Aug.
Jan.

7,
2,
16,
26,
14,
22,

1876
1889
1886
1872
1895
1889

L is t
of

A
s s o c ia t io n s .




and

to

L ist

of

S avings

and

to
00

L oan A ssociations — ( Continued )

NAMES OF ASSOCIATIONS.

Location.

Organized.

First
report
for year.

Closed.
R

German Permanent Dime Savings and Loan Association...............................

G e r m a n Sa v in g s

A id A s s o c ia t io n ..................................................................

and

A id A s s o c ia t io n ...............................................................
A id A s s o c ia t io n ...............................................................

H ic k o r y S a v in g s

and

A id A s s o c ia t io n .................................................................

High and Peach Savings and Loan Association..............................................
H ig h St r e e t Sa v in g s

and

A id A s s o c ia t io n .......................................................

Home Dime Savings and Loan Association.......................................................
Homestead Savings and Loan Association....................................: .................
Howard and Watson Street Permanent Dime Savings and Loan Association
Howard Dime Savings and Loan Association..................................................
Howard Mutual Savings and Loan Association...............................................
Hydraulic Mutual Savings and Loan Association...........................................
H y d r a u l ic Sa v in g s

and

A id A s s o c ia t io n ............................................................

Industry Permanent Dime Savings and Loan Association.......................... .
I n t e r n a t io n a l L o a n

and

A c c u m u l a t in g F u n d A s s o c ia t io n ....................

Irish-American Savings and Loan Association.................................................
roguois Permanent Dime Savings and Loan Association...............................
/J efferson

and




Cl in t o n L o a n

and

A c c u m u l a t in g F u nd A sso c ia t io n ..

June

Jan. 13, 1890
July 1, 1886
May 28, 1888
Jan. 7, 1889
Jan. 1, 1890

Buffalo.......................
Buffalo.......................

Feb.
May

Buffalo.......................
Buffalo.......................
Buffalo.......................
Buffalo.......................
Buffalo.......................
Buffalo.......................
Buffalo.......................
Buffalo.......................

Sept. 16,
Oct. 6,
June 4,
Jan. 31,
May 1,
May 5,
May 29,
Feb. 19,

1882
1870
1890
1884
1890
1890
1883
1881

Buffalo.......................
Buffalo.......................
Buffalo.......................
Buffalo.......................
Buffalo.......................

June 24,
July 21,
April 4,
Sept. 30,

1891
1875
1884
1890

1, 1890

5, 1873
7, 1885

1895
*1875
*1875
H1894
*1878
1H 1898
* * * D e c .2 2 ,1906
tttl9 0 3

*1878
*1878
*1876
1895
*1876
Feb. 27, 1912
1894
May 2, 1895
1893
*1875
*1877

ttl894
*187

s s o c ia t io n s .

Hercules Permanent Savings and Loan Association.......................................

Buffalo.......................
Buffalo.......................
Buffalo.......................
Buffalo.......................
Buffalo.......................
Hamburgh.................

1111894
*1876
*1878
*1875
*1878
1893
1893
*1892
§1892
1896

A

and
and

1,

Oct. 1,
Oct. 1,
Aug. 4,
May 13,
July 6,

1890
1875
1875
1875
1876
1892
1890
1891
1890
1892
1898
1891
1875
1875
1892
1876
1890
1890
1890
1889
1890
1875
1875
1890
1875
1890
1875
1890
1890
1890
1890
1890
1890
1875
1892
1876
1885
1890
1877

oan

H a r m o n y Sa v in g s
H e l v e t ia Sa v in g s

July

1890
1871
1873
1869
1876
1890
1890
1890
1890
1890
1898
1878
1869

L

Globe Permanent Dime Savings and Loan Association...................................
Globe Savings and Loan Association..................................................................
Goodell Permanent Loan Association...............................................................
Guilford Savings and Loan Association**.........................................................
Hamburgh Savings and Loan Association........................................................

20,
14,
5,
1,
8,

and

G e r m a n S a v in g s a n d A id A s s o c ia t io n ..................................................................
G e r m a n N a t io n a l Sa v in g s a n d A id A s s o c ia t io n ............................................

Mar.
Mar.
June
June
May

S a v in g s

German-American Dime Savings and Loan Associationt ...............................
German-American Permanent Savings and Loan Association........................
German-American Savings and Loan Association......................... ...................
German Central Dime Permanent Mutual Savings and Loan Association___
German Central Permanent Dime Mutual Loan and Savings Association | ..
|
German Co-operative Savings and Loan Association.......................................
Germania Permanent Mutual Loan Association...............................................

Buffalo.......................
Buffalo.......................
Buffalo.......................
Buffalo.......................
Buffalo.......................
Buffalo.......................
Buffalo.......................
Buffalo.......................
Buffalo.......................
Buffalo.......................
Buffalo.......................
Buffalo.......................
Buffalo.......................

on

G e n e s e e S a v in g s a n d A id A s s o c ia t io n ................................................................
G e o r g e M u l l e n b e r g Sa v in g s a n d H e l p in g F und A s s o c ia t io n ...............
G e o r g e W a s h in g t o n S a v in g s a n d H e l p in g F u nd A s s o c ia t io n ...............
G e o r g e Wa s h in g t o n Sa v in g s a n d H e l p in g F u nd A ss o c ia t io n , N o . 2 ..

eport

ERIE COUNTY— (Continued).
Genesee Permanent Dime Savings and Loan Association...............................

1894
1890
*1875
1875
1893
1890
April 16, 1883
*1880
1880
Feb. 24, 1880
April 14, 1908
1903
April 9, 1903
1893
1890
Sept. 6, 1887
♦1878
1878
1902
1890
May 27, 1890
1894
1890
Sept. 8, 1886
1891
1890
June 2, 1891
1891
♦♦♦Sept, 5,1905
*1878
1875
*1876
1875
Mar. 13, 1876
*1878
1878
July 3, 1891
1892
1894
1890
April 3, 1888
1895
1890
April 19, 1887
1894
Mar. 12, 1890
1890
1891
1890
*1876
Feb. 19, 1872
1875
1899
1887
1890
***1902
Aug. 12, 1885
1890
*1892
Jan. 11, 1888
1890
1891
1893
1885
ttl896
Jan. 26, 1886
1890
***1902
April 16, 1889
1890
Mutual Investment and Building Association of Buffalo.................................................
1892
July 14, 1911
Dec. 9, 1891
April 1, 1874
*1879
1875
*1879
Feb. 2, 1878
1878
1892
Mar. 16, 1895
1891
*1875
1875
1877
*1878
*1878
1878
1890
§§1893
Sept. 7, 1890
*1875
1875
June,
1870
May 9, 1890
1890
1894
1890
Aug. 25, 1888
1891
1899
Jan. 19, 1891
1891
June 19, 1905
April 6, 1891
1892
North Street Permanent Savings and Loan Association . ................................................
1890
Oct. 26, 1886
Old Homestead Savings and Loan Association................................................................. Buffalo.......................
1890
1891
♦The last report received was for that year. ♦♦Report for the year 1894 not officially filed. ♦** Receiver appointed, t Formerly German-American
Savings and Loan Association, q. v. f t Name changed to Columbia Co-operative Savings and Loan Association, t t t Receiver appointed May 27, 1903.
t Name changed to German-American Dime Savings and Loan Association, tt Name changed to Standard Savings and Loan Association of Buffalo,
N. Y. J it Formerly Lovejoy Savings and Loan Association. §Name changed to German Central Permanent Dime Mutual Loan and Savings Asso­
ciation. §§ Consolidated with Plymouth Rock Savings and Aid Association.
1 Absorbed by the Safety Investment and Loan Company, Syracuse.
H N am e changed to Acme Savings and Loan Association on the 23d of December, 1898.
| Formerly German Central Dime Permanent Mutual
|
Savings and Loan Association. || Transferred to Fourth Ward Savings and Aid Association.
||
Jefferson Permanent Dime Savings and Loan Association.............................................

Sept. 10, 1888

L
is t
of

A
s s o c ia t io n s .




Buffalo.......................

to

so

L is t

of

Savings

and

L oan A ssociations — ( Continued).

n a m e s o f a s s o c ia t io n s .

Location.

ERIE COUNTY — (Continued).

03

O

Organized.

Buffalo.........................
Sycamore and Johnson Permanent Savings and Loan Association.............................................




Buffalo.........................

May 3, 1894
Aug.,
1890
Jan. 26, 1889
Aug. 26, 1873
Jan. 22, 1891
May 8, 1893
June 20, 1894
Jan. 26, 1886
April 15,1899
June 19, 1888

*i878
1895
1894
§1894
*1877
1894
Feb. 17, 1912
1892
**1892

s s o c ia t io n s .

Mar. 13,1871
Mar. 14, 1889
Sept. 27, 1912

1895
1893
1891
*1875
*1878
May 28, 1895

A

1890
1895
1888
1888

oan

Mar. 6,
April 9,
Nov. 19,
Mar. 12,

L

Feb. 24, 1890
Oct. 28, 1890

and

Buffalo.........................

*1892
*1875
*1878
1897
*1875
1892
1894
*1878

S a v in g s

Feb. 12, 1878
April 16,1888

1893
*1875
*1875
*1877
*1879
1893
*1879
*1877
1894
+1894

on

Mar. 8, 1877
Feb. 28, 1891
Mar. 21, 1879
May 18, 1872
Mar. 4, 1890
Mar. 27, 1884
Mar. 29i 1909
Jan. 29, 1890

1892
1894
*1878

eport

April 5, 1890
Mar.,
1889

1890
1890
1878
1890
1890
1875
1875
1877
1878
1891
1879
1875
1890
1890
1909
1890
1875
1878
1892
1875
1890
1890
1877
1890
1895
1890
1890.
1890
1875
1878
1890
1912
1875
1894
1890
1890
1875
1891
1894
|
|
1896
]890
1890

Closed.

R

Aug. 13, 1889
April 29, 1990

First
report
for year.

Sycamore and Johnson Savings and Loan Association t t ........................
Sycamore Savings and Loan Association....................................................
S y c a m o r e S t r e e t S a v in g s

and

A id A sso c ia t io n ...................................

Terrace Savings and Loan Association.......................................................
Third Ward Permanent Savings and Loan Association............................

T h ir t e e n t h W a r d L o a n a n d A cc u m u la tin g F u nd A s s o c ia t io n ..
T h u r in g ia Sa v in g s a n d A id A s s o c ia t io n ..................................................
T o n a w a n d a A id a n d S a v in g s A s s o c ia t io n ...............................................

Tonawanda Enterprise Aid and Savings Association...............................
Twelfth Ward Savings and Aid Association...............................................

U n io n L o a n

and

A c c u m u l a t in g F u nd A ss o c ia t io n ............................

Union Savings and Aid Association..........................................................

U n io n S a v in g s

and

M u t u a l B e n e f it A ss o c ia t io n ...............................

Walden Avenue Dime Savings and Loan Association.............................
Walden Avenue Permanent Savings and Loan Association....................
Waverly Co-operative Savings and Loan Association................................

May 17, 1875
Feb. 10.1899

1899

1894
1893
*1875
*1878
*1879

FULTON COUNTY.
Gloversville Building and Loan Association.............................................
Gloversvitte Homestead Building and Loan Association..........................
People's Savings and Loan Association....................................................

Gloversville................
Gloversville................
Gloversville................

Oct. 2, 1888
July 30, 1891
Sept.,
1891

1889
1891
1891

Oct. 13, 1908
tSept., 1891
1902

GENESEE COUNTY.
Genesee County Permanent Loan and Building Association..................
Genesee County Loan Association^........................................................

Batavia......................

April 15, 1879
April 15, 1879

1879
1879

tt tia o i

GREENE COUNTY.
1889
Building and Loan Association of Catskill b..........................................
Feb.,
1889
Catskill Savings and Loan Association a .................. ..............................
Catskill......................
* The last report received was for that year.
** Name changed to Sycamore and Johnson Savings and Loan Association.
t Business taken
by the Freehold Savings and Loan Association in October.
t t Formerly Sycamore and Johnson Permanent Savings and Loan Association, q. v.
tTt Name changed to Genesee County Loan Association.
J All members not withdrawn were transferred to the Commercial Union Co-operative
Bank, Albany.
Formerly Genesee County Permanent Loan and Building Association, q. v.
§ Consolidated with Masten and Easton Permanent
Savings and Aid Association.
IT Formerly Mulberry Permanent Savings and Loan Association, No. 3, q. v.
| Never completed incorporation,
|
a Formerly Building and Loan Association of Catskill. b Name changed to Catskill Savings and Loan Association April 1, 1911.




s s o c ia t io n s .

Buffalo.......................

FRANKLIN COUNTY.
Saranac Lake Co-operative Savings and Loan Association....................

*1876
*1875
*1878
Sept. 26, 1905
1893
1893

A

Buffalo.......................
Buffalo.......................

Buffalo.......................

21, 1872
4, 1904
1889
27, 1887
2, 1882
9, 1889
13, 1879
6, 1888
16, 1869

April 29,1895
*1875
1892
1896
*1876
*1878
*1889
1894
1894
*1876
Aug. 20, 1895
*1875
1893
1895

of

W o r k in g m a n S a v in g s a n d A id A s s o c ia t io n ...........................................
W o r k in g m e n ’ s S a v in g s a n d A id A ss o c ia t io n ........................................
W o r k in g m e n ’ s Sa v in g s a n d L o a n F u n d A s s o c ia t io n .......................

Buffalo.......................
Buffalo.......................
Buffalo.......................
West Seneca..............
Buffalo.......................
Buffalo.......................

Sept. 28, 1885
Feb. 13, 1888
June 22, 1872
Sept 26, 1874
May 7, 1883
Mar. 23,1887
Mar. 10,1887
Aug. 8,1876
1888
June 24, 1869
April 13, 1889
Mar. 26, 1889
July 5, 1894
Sept. 16,1870

is t

West Seneca Co-operative Savings and Loan Association....................... .
West Side Savings and Loan Association.................................................
West Utica Street Loan and Savings Association....................................
William and Sherman Mutual Savings and Loan Association..............
William Street Dime Savings and Loan Association...............................
William Street Permanent Savings and Loan Association....................
Winslow Permanent Savings and Loan Association................................

Mar.
May
Dec.,
Mar.
Oct.
July
Oct.
Aug.
Aug.

Buffalo.......................
Buffalo.......................
Buffalo.......................
Buffalo.......................
Tonawanda................
Tonawanda................
Buffalo.......................
Buffalo.......................
Buffalo.......................
Buffalo.......................
Buffalo.......................
Buffalo.......................

June 19, 1888
Oct. 18,1886

L

W e s t e r n L o a n a n d A c c u m u l a t in g F u nd A s s o c ia t io n ....................
W e s t e r n Sa v in g s a n d A id A s s o c ia t io n ...................................................
W e s t p h a l ia , N o . 2, L o a n a n d A cc u m u la tin g F u n d A sso c ia tio n

1892
1890
1875
1890
1890
1875
1875
1889
1889
1890
1876
1890
1875
1890
1890
|
|
1876
1875
1875
1904
1890
1890
1890
1890
1879
1890
1875
1877
1875

Buffalo.......................

L is t

of

Savings

NAMES OF ASSOCIATIONS.

and

Location

to

Organized.

First
report
for year.

Oct. 13, 1891
Dec. 12, 1911
July 1, 1898
Oct. 3, 1888

1892
1911
1898
1890

March, 1889
April 21, 1900
Dec. 19, 1887

1890
1890
1900
1888

1902
1901

Sept. 25,
April 25,
May 14,
April 25,

1893
1894
1888
1894

1893
1894
1888
1894

JMay 31. 1894

Jan.,
1888
June 16, 1893
Nov. 16, 1885
Mar. 2. 1837

1888
1885
1887

Jan.
July
Nov.
May
June
April

1883
1889
1890
1888
1891
1885

L
oan

1899
1888
1894
1889

1899
1890
1894
1890

Feb. 21,
July 19,
July 22,
June 10,
Oct. 2,
Sept. 8,
Jan. 17,
Aug. 18,
May 27,

1889
1889
1895
1897
1888
1886
1888
1904
1889

1890
1890
1895
1890
1888
1890
1904
1889

1902
**1897
m

Oct. 4, 1906
1897

Sept. 2, 1911

s s o c ia t io n s .

111896
1893

A

10,
4,
26,
19,

and

1894

1892

May
June
June
Dec.

**H

S a v in g s

Sept. 20, 1892

July 13, 1911

on

1883
1888
1889
1888
1891
1885

mwoo

eport

16,
27,
18,
3,
30,
26,

§

Closed.
R

HERKIMER COUNTY.
Dolgeville Savings, Building and Loan Association..........
Dolgeville
Frankfort Savings and Loan Association..........................
Frankfort
Herkimer Co-operative Savings and Loan Association.. .
Herkimer.
Ilion Permanent Savings, Building and Loan Association
Ilion........
JEFFERSON COUNTY.
Carthage Savings, Loan and Building Association.........
Carthage. .
Security Building, Loan and Savings Association.........
Clayton. . •
Watertown Homestead Investment Company...................
Watertown
Watertown Savings, Loan and Building Association...
Watertown
KINGS COUNTY.
Afro-American Investment and Building Company^ t f f ................................................ Brooklyn. . .
Atlantic Building and Loan Association of Brooklynf .................................................... Brooklyn. . .
Atlantic Co-operative Savings and Loan Association....................................................... Brooklyn...
Atlantic Co-operative Savings and Loan Association*** l .............................................. Brooklyn.. ■
Atlantic Savings and Loan Association k......................................................................... Brooklyn...
Bay Ridge Savings and Loan Association a ..................................................................... Brooklyn...
Bedford Co-operative Building-Loan Association............................................................ Brooklyn. . .
Bennett Homestead Association.......................................................................................... Brooklyn. . .
Brooklyn and New York Arcanum Building, Loan and Savings Association.,.......... Brooklyn. . .
Brooklyn City Co-operative Building and Loan Association d........................................ Brooklyn. . .
Brooklyn City Savings and Loan Association c............................................................... Brooklyn. . .
Brooklyn Mutual Building and Loan Association.......................................................... Brooklyn. . .
Bushwick Co-operative Building and Loan Association.................................................. Bath Beach
Citizens' Co-operative Building and Loan Association of Bath Beach, N. Y .............. Brooklyn. . .
Crescent Building and Loan Association.......................................................................... Brooklyn. . .
Eagle Savings and Loan CompanyH.................................................................................. Brooklyn...
East Brooklyn Co-operative Building Associationf....... : ................................................. Brooklyn. . .
East Brooklyn Savings and Loan Association e............................................................... Brooklyn...
East New York Co-operative Savings and Building-Loan Association h..................... Brooklyn...
East New York Savings and Loan Association a............................................................ Brooklyn. . .
Empire State Co-operative Savings and Loan Assoaafionttt........................................ Brooklyn. . .
Equitable Co-operative Building and Loan Association................................................. Brooklyn. . .
Excelsior Co-operative Savings and Loan Association..................................................... Brooklyn...
Fifth Avenue Co-operative Building and Loan Association m....................................... Brooklyn. . .
F*fth Avenue Savings and Loan Association......... ....................................................... Brooklyn. . .
Flat bush Co-operative Savings and Loan Association.................................................... Brooklyn. . .
Fort Greene Co-operative Building and Loan Association............................................ Brooklyn. . .
Fortuna Building, Co-operative Savings and Loan Association...................................... Brooklyn. . .
Franklin Co-operative Savings and Loan Association...................................................... Brooklyn. . .
Fulton Co-operative Building and Loan Association...................................................... Brooklyn. . .
German Building and Saving Company of Brooklyn, N. Y ........................................... Brooklyn...
Germania Building, Saving and Loan Institution........................................................... Brooklyn. . .
Greenpoint Polish Co-operative Savings and Loan A ssocialion ftfft........................... Brooklyn.. .
Hamilton Co-operative Building and Loan Association.................................................. Brooklyn...




GO

L oan A ssociations — (Continued)

Dec.
Dec. 12,
Sept. 1,
Jan. 21,
Jan.
Jan. 10,
Mar.
Mar. 28,
July,

1890

1893

Dansville....................

Jan. 16, 1888

1888

{{1 8 9 7

Canastota..................
Oneida........................

Feb. 9, 1889
May 16, 1887

1889
1887

1890
Oct. 9, 1890
1903
1875
*1876
May,
1888
1896
American Homestead Saving and Loan Association§§..........................................
Rochester...................
*The last report received was for that year. ** Absorbed by Equitable Co-operative Building and Loan Association.
*** Formerly
Atlantic Building and Loan Association of Brooklyn, N. Y., q. v.
t Successor to Atlantic Co-operative Savings and Loan Association,
t t Reincorporated July 9, 1895. tt t Removed from New York county in 1899.
t t t t Removed from New York county in 1908.
t t t t t Taken
possession of and closed by Superintendent of Banks.
{Succeeded by Atlantic Building and Loan Association, q. v.
{ { Receiver appointed
January 20, 1897. { { { Receiver appointed.
§Did not do any business.
§§ Formerly Goodman Street Dime Savings and Loan Association, q. v.
HRemoved from Buffalo in 1897.
HI Name changed to Provident Savings-Loan Investment Company.
| Merged in the Franklin Society for
|
Home-building and Savings, of New York city.
a Formerly Town of New Utrecht Co-operative Building and Loan Association. 6Name changed
to Bay Ridge Savings and Loan Association, Feb. 15, 1911. c Formerly Brooklyn City Co-operative Building and Loan Association. < Name changed to
f
Brooklyn City Savings and Loan Association Jan. 1, 1911. eFormerly East Brooklyn Co-operative Building Association.
/Name changed to East
Brooklyn Savings and Loan Association Feb. 1, 1911. eFormerly East New York Co-operative Savings and Building-Loan Association. AName
changed to East New York Savings and Loan Association Feb. 21, 1911. »Formerly South Brooklyn Co-operative Building and Loan Association.
j Name changed to South Brooklyn Savings and Loan Association March 15, 1911.
AFormerly Atlantic Co-operative Savings and Loan Association.
;
I Name changed to Atlantic Savings and Loan Association April 15,1911. m Name changed to Fifth Avenue Savings and Loan Association July 15,1911.
A l l e m a n ia Sa v in g s , A id




and

s s o c ia t io n s .

Sept. 4, 1889

A

Lowville.....................

of

12,1888 1889
Mar. 6,1909
1888
1889
1888
1887
1888
1893
1888
1890
1901
1890
10,
1888
Feb. 2, 1906
1888 18881888
28.
1890
Nov. 6,1911
1888 18881890
1889
1888
*1890
1890
1899
1882
Brooklyn.................... Jan.,
1896
1889
Brooklyn.................... Oct.,
1890
Sept. 7," 1894
1890
Brooklyn.................... June,
1889
1902
1901
Brooklyn.................... Aug. 26, 1901
tttl9 0 1
Brooklyn................... May 13, 1893
1893
1890
Brooklyn.................... April 25, 1889
’ ” 1898
Brooklyn................... Oct. 16, 1890
1890
1891
1889
July 30, 1895
Brooklyn.................... _ „ __, ____
........... „ __________
_
____
1896
2, 1884
Brooklyn....................
Brooklyn..................... July 2,1884
1885
{ { { Sept. 2,1910
1900
Brookl yn .................... Oct. 17, 1900
May 19, 1890
1890
Brooklyn.............
Brooklyn.................... May 11, 1886
1888
______ „ ................................................................. .
Brooklyn.................... July 29, 1897
1897
June 24,1909
1897
Brooklyn.................... July 29,1897
1890
Brooklyn.................... Mar. 28, 1887
1895
Brooklyn.................... Mar. 27, 1895
Brooklyn.................... April 14, 1890
1890
.................
. ____
1896
Brooklyn.................... May 18,1896
Brooklyn.................... May 18, 1896
1896
Oct. 24, 1904
Brooklyn.................... April 8, 1905
1905
1905
Aug. 19, 1909
Brooklyn.................... April 8,1905

is t

Brooklyn...............
Brooklyn....................
Brooklyn...................
Brooklyn...................
Brooklyn....................
Brooklyn....................
Brooklyn....................
Brooklyn....................
Brooklyn....................

L

Homestead, Co-operative Building and Loan Association..............................................
Industrial Co-operative Building and Loan Association..................................................
John H. Shults Co-operative Building and Loan Association.........................................
Kings County Co-operative Building and Loan Association.............................................
Long Island Building and Loan Association......................................................................
Madison Co-operative Building and Loan Association..........................................
Mechanics’ Co-operative Bank..................................................................................
Mercantile Association of Brooklynf t .....................................................................
Model Building and Loan Association of Brooklyn, N. Y ....................................
to Montauk Building and Loan Association................................................................
Montauk Co-operative Savings and Loan Association................. ...........................
Mutual Benefit Loan and Building Company..........................................................
Nassau Co-operative Building and Loan Association............................................
Ninth Street Savings and Loan Association..............................................................
People’s Building and Loan Association...................................................................
People’s Co-operative Savings and Loan Association of Brooklyn........................
People’s Real Estate Tontinet t t t ............................................................................... '....
Polish-American Co-operative Savings and Loan Association................................
Prospect Home Building and Loan Association......................................................
South Brooklyn Co-operative Building and Loan Association j .............................
South Brooklyn Savings and Loan Association i .................................................... . . .
Suburban Co-operative Savings and Loan Association.......................................................
Town of New Utrecht Co-operative Building and Loan Association b................
Twenty-ninth Ward Co-operative Savings and Loan Association.........................
Union Co-operative Building and Loan Associationtt............................................
West End Co-operative Savings and Loan Association of Brooklyn..................................
Williamsburgh Co-operative Savings and Loan A sso cia tio n ^ ^ .....................................
LEWIS COUNTY.
Lowville Savings and Loan Association.....................................................................
LIVINGSTON COUNTY.
Dansville Savings and Loan Association...................................................................
MADISON COUNTY.
Canastota Savings and Loan Association.................................................................
Oneida Saving, Building and Loan Association.......................................................
MONROE COUNTY.
Alliance Loan Association..................... ..................................................................

Rochester..................

L o a n A s s o c ia t io n .........................................................

CO
CO

L is t

of

Sa v in g s

and

L oan A

s s o c ia t io n s —

n a m e s o f a s s o c ia t io n s .

( Continued ) .

Location.

00

Organized.

First
report
for year.

Closed.
R

Mar. 9, 1891
Dec.,
1889

Equity Co-operative Savings and Loan Association........................................................




Rochester..................

May 27, 1891
Oct. 4, 1889
Jan. 12, 1895
Mar. 2, 1891
Oct. 13, 1894

1897
*1875
*1900
1893
*1877
Dec.
4, 1905
Apr. 12, 1907
*1875
*1875
tl893
1895
§1891
1894
March 6, 1909
1898
Nov. 21, 1892

s s o c ia t io n s .

Jan. 25, 1888
Jan. 25, 1888

A

April,
1885
Sept. 26, 1889
Jan.,
1872

1894

oan

June,
1886
May 18, 1891

1898
*1876
1903
*1876
1898

L

1891
1871
1885
188^
1889
1908
1886
1890

and

East Rochester..........

Jan. 9,
May 12,
June 3,
May 17,
Sept.,
June 17,
Oct. 1,
June 25,

1902
*1875
1894

a v in g s

Sept. 22,. 1891
Feb. 28, 1884
Feb. 24, 1893

S

July 12, 1887
July 30, 1872
Aug. 9, 1886
Mar. 15, 1890

*1875
1898
1898
1891
April 25, 1910
1901
*1875
1891
July
1, 1892
*1875

on

Jan. 18, 1888
Sept. 3, 1887
Oct. 20, 1871

Brown Street and Jefferson "Avenue Dime Permanent Savings and Loan Association.

1875
1891
1891
1890
1890
1890
1875
1890
1890
1875
1890
1890
1875
1891
1890
1893
1875
1891
1875
1890
1890
1891
1908
1890
1890
1875
1890
1891
1875
1889
1890
1875
1875
1891
1893
1890
1891
1890
1895
1891
1895

eport

MONROE COUNTY— {Continued).

Fourteenth Ward Dime Permanent Savings and Loan Association.
Fourth Ward Permanent Savings and Loan Association................

Rochester...................
Rochester...................
Rochester...................
Rochester.................
Rochester...................
Rochester...................
Rochester...................
Rochester...................
Rochester...................
Rochester...................

May 4, 1887
April 3, 1888
May 23, 1873
1888
Aug. 20, 1887
Mar. 27, 1891
Sept. 17, 1887
Mar. 5, 1891
Aug.,
1891
Aug. 20, 1891

Rochester...................
Rochester...................
Rochester...................

1886
May 24, 1885
Mar. 14, 1871

Rochester...................
Rochester...................
Rochester...................
Rochester...................
Rochester......... .........
Rochester...................
Rochester...................
Rochester...................
Rochester...................
Rochester...................
Rochester...................
Rochester...................
Rochester...................
Rochester...................
Rochester...................

Mar. 1, 1887
May,
1888
Nov. 14, 1889
1889
Sept. 4, 1888
1891
May 20, 1889
Oct. 25, 1882
1891
Jan. 1, 1886
Mar. 30, 1910
Oct. 13, 1881
Oct. 29, 1891
Nov. 2, 1885
May 5, 1871

Rochester...................
Rochester...................

Oct. 9, 1890
May 16, 1890

F r a n k f o r t M u t u a l A id

and

L o a n A ss o c ia t io n .............................

Frankfort Permanent Savings and Loan Association......................
Franklin Dime Permanent Loan Association.................................
Gardiner Homestead Tract Association............................................
Genesee Falls Permanent Savings and Loan Association..............
Genesee National Savings and Loan Association.............................
Genesee Park Boulevard Homestead Association.............................
Genesee Park Tract Association........................................................
Genesee Valley Permanent Savings and Loan Association.............
German-American Savings and Aid Association.............................
Germania Permanent Savings and Loan Association.....................
G e r m a n ia Sa v in g s , A id a n d L o a n A s s o c ia t io n ..............................
G l e n w o o d M u t u a l H o m e st e a d A ss o c ia t io n ...................................

Glenwood Permanent Savings and Loan Association......................
Goodman Street Dime Savings and Loan Association.....................
Goodman Street Homestead Association.............................................
Grand Avenue Building Lot Association..........................................
Hawthorne Terrace Association.........................................................
Hayward and Girard Park Lot Association....................................
Hayward Homestead Tract Association...........................................
Herman Permanent Savings and Loan Association........................
Highland Terrace Association...........................................................
Home Banking and Loan Association..............................................
Home Builders’ Co-operative Savings and Loan Association.......
Homestead Loan Association............................................................
Hudson Avenue Building Lot Association......................... '■...........
Hudson Street Permanent Saving and Loan Association..............
H u m b o l d t Sa v in g s , A id a n d L o a n A ss o c ia t io n .............................
I n d e p e n d e n t B u il d in g L o t A s s o c ia t io n ..........................................

Industrial Loan Association...............................................................
Jackson Homestead Association- . •
....................................................
J a y St r e e t a n d P o ol F a r m B u il d in g L o t A ss o c ia t io n .............
J a y St r e e t B u il d in g , A id a n d L o a n A s s o c ia t io n .........................

Rochester................... June 29, 1871
Jennings Park Homestead Association.............................................
Rochester................... July 21, 1890
Kellogg Homestead Association.........................................................
1891
Rochester...................
Lake Avenue Permanent Savings and Loan Association................
Rochester................... Feb. 5, 1889
* The last report received was for that year, t Name changed to Empire Permanent Savings and Loan Association,
nent Loan Association, q. v. § Went into hands of receiver.
1 Name changed to American Homestead Savings and
changed to Mutual Benefit Savings and Loan Association.




s s o c ia t io n s .

May 29, 1872
Jan.,
1888

A

Rochester...................

F o u r t e e n t h W a r d C o - o p e r a t iv e B u ild in g L o t A sso c ia t io n ..

§1899
1890
1890
1895
1891
1894
1890
Jan. 22, 1907
1890
*1876
1875
*1877
1875
*1875
1875
Dec. 30, 1904
1891
*1875
1875
1900
1890
HJan. 4, 1892
1888
1875
*1875
1890
*1895
1890
1901
1891
1902
1890
1891
§1901
1891
Aug, 1893
1891
*1891
1890
1891
1890
1892
1890
1902
1875
*1875
1875
*1875
1890
1896
1890
11896
1890
1902
1890
1894
1890
1900
1891
July 10, 1893
1890
.1896
1890
Nov. 4, 1904
1891
1891
1890
§1899
1910
1890
1891
1896
1890
1875
*1875
1875
*1875
1891
1892
1890
1900
1875
*1875
1875
*1876
1891
1893
1891
1893
1890
1901
t Formerly Empire PermaLpan Association.
| Name
|

of

Flower City Co-operative Savings and Loan Association................

F l o u r C i t y S a v in g s a n d A id A s s o c ia t io n ........................................
F l o u r Ci t y Sa v in g s a n d L o a n A s s o c ia t io n ....................................
Fl o w e r Ci t y B u il d in g L o t A s s o c ia t io n ...........................................

1888
1888
1891
1889
1886
1871

is t

June 9,
May 7,
Feb. 24,
May 21,
Sept. 23,
Sept. 7,

L

Rochester.................
Fairport.....................
Rochester...................
Rochester...................
Rochester...................
Rochester...................

Expressmen's Permanent Savings and Loan Association........... .
Fairport Permanent Loan Association.............................................
Felix Wolf Land and Building Association.....................................
Fifteenth Ward Loan Association.....................................................
Fifth Ward Permanent Savings and Loan Association..................

Co
cn

L is t

op

S a v in g s

and

L oan A

s s o c ia t io n s —

( Continued)

co
05

NAMES OF ASSOCIATIONS.

Location.

Organized.

First
report
for year.

Closed.
R

M o n r o e Co - o p e r a t iv e B u il d in g L o t A s s o c ia t io n .................................................

Monroe County Permanent Savings and Loan Association..................................
and

L o a n A s s o c ia t io n ..........................................................

and

Rochester..................

A id A s s o c ia t io n ........................................................

North Clinton Street Mechanics’ Saving and Loan Association...........................
North-eastern Permanent Savings and Loan Association...................................
North Rochester Savings and Loan Association....................................................

N o r t h St r e e t Ce n t r a l Sa v in g s , A id

and

L o a n A s s o c ia t io n ...........................

North-western Homestead Association....................................................................

O n t a r io Sa v in g s , A id a n d L o a n A s s o c ia t io n ..........................................................
O n t a r io St r e e t S a v in g s a n d A id A s s o c ia t io n .......................................................

Park Avenue Loan Association...............................................................................
People’s Permanent Savings and Loan Association..............................................




Rochester...................

May 1, 1872
Mar. 16, 1888
Oct. 8, 1885

s s o c ia t io n s .

N o r t h Cl in t o n Sa v in g s

*1877
$1894
1903
Sept. 29, 1904
June 22, 1911
1896
1897
1902
*1875
Dec. 13. 1907
Nov. 24, 1908
Jan. 2, 1905
*1875
Mar. 14, 1894
*1876
*1875
April 10,1908
Jan. 23, 1909

A

National Savings and Loan Association................................................................
Newcomb Homestead Association....................................................................... . •
New Homestead Loan Association.........................................................................
Ninth Ward Savings and Loan Association..........................................................
North Avenue and Randolph Street Homestead Association................................
North Avenue Building Lot Association................................................................
North Avenue Permanent Savings and Loan Association....................................

1887
1871
1884
1888
1888
1872
1889
1890
1889
1886
1890
1889
1886
1871
1883
1890
1883
June 20, 1871
Nov. 9, 1889

oan

M u t u a l L o a n A s s o c ia t io n ................................................................................................

Nov. 12,
May 11,
Feb. 18,
April 17,
April 9,
Feb. 26,
Jan. 2,
Aug. 18,
July 23,
Feb. 24,
Mar. 4,
Dec. 4,
Mar. 11,
June 23,
Jan. 2,
July 1,

L

M o n r o e Sa v in g s , A id

Monroe [Savings and Loan Association...................................................................
Mount Hope Avenue Dime Savings and Loan Associationt t .............................
Mutual Benefit Savings and Loan Associationt ..................................................

June 10, 1891
July 19, 1887
Nov. 26, 1890

1897
1903
1899
Mar. 9, 1906
Mar. 15, 1909
1902
$$1899
1897
*1892
1897
*1875
*1877
1892
Jan. 11, 1905
1902
*1875
Mar. 13, 1905
*1875
May 3, 1910'
1903

and

Rochester..................

1890
1891
1890
1890
1890
1890
1890
1890
1890
1891
1875
1877
1891
1890
1890
1875
1890
1875
1890
1890
1892
1875
1889
1890
1890
1890
1890
1891
1890
1875
1890
1890
1890
1875
1891
1875
1875
1890
1890

a v in g s

Monitor Savings and Loan Association..................................................................
Monroe Avenue Dime Banking and Loan Association.........................................
Monroe Avenue Homestead Association.................................................................

1890
1890
1888
1889
1889
1887
1883
1890
1889
1891
1872

S

M a p l e w o o d a n d L a k e A v e n u e Co - o p e r a t iv e B u il d in g L o t A sso c ia tio n
M e c h a n ic s ’ M u t u a l B e n e f it S o c i e t y .........................................................................

19,
13,
19,
19,
5,
19,
18,
5,
15,
16,
20,

on

Rochester...................

May
Mar.
Jan.
Feb.
July
July
June
Nov.
May
Nov.
May

epo rt

MONROE COUNTY — (Continued).
Lake View Homestead Association.........................................................................
Leighton Lea Association....................... ..................................................................
Lincoln Park Land Association.............'................................................................
Lincoln Park Permanent Savings and Loan Association.....................................
Lincoln Permanent Loan Association.....................................................................
Lowell Dime Permanent Savings and Loan A sso cia tio n ..................................
Lyell Avenue Savings and Loan Association.........................................................
McKee Place Land Association..............................................................................
Main Savings and Loan Association**..................................................................
Maple Street Land Association................................................................................

Ph'rnix Savings and Loan Association..............................................................................
Pinnacle Avenue Savings and Loan Association............................................................
Plymouth Avenue Savings and Loan Association.............................................................
Polonia Savings and Loan Association..............................................................................
Profit Loan Association.....................................................................................................
R e p u b l ic A id

and

L o a n A s s o c ia t io n .......................................................................................

Rochester and Kenmore Land Company............................................................................

R o c h e s t e r C e n t r a l A id

and

L o a n A s s o c ia t io n ...............................................................

Rochester Dime Savings and Loan Association.................................................................
Rochester Equity Deposit and Loan Association................................................

R o c h e s t e r F l o w e r C it y Sa v in g s a n d A id A ss o c ia t io n ...................................................
R o c h e s t e r G e r m a n S h a r p sh o o t e r s ’ Co - o p e r a t iv e B u ild in o L o t A sso c ia t io n ..
R o c h e s t e r G e r m a n S h o o t in g P a r k Co - o p e r a t iv e B u il d in g L o t A s s o c ia t io n . . .

Rochester Permanent Savings Association........................................................................

Streb Lot Association...........................................................................................................
Tenth Ward Dime Permanent Savings and Loan Association.........................................
Teutonia Permanent Savings and Loan Association........................................................
T e u t o n ia Sa v in g s , A id

and

L o a n A ss o c ia t io n .....................................................................

Third Ward Permanent Savings and Loan Association...................................................
Thirteenth Ward Permanent Loan Association.................................................................

T w e l f t h W a r d Sa v in g s

and

L o a n A sso c ia t io n ..................................................................

Twentieth Ward Co-operative Savings and Loan Association.......................................
Union Dime Permanent Loan Associationf t t .................................................................
Union Permanent Savings and Loan Association............................................................
U n io n Sa v in g s

and

A id A s s o c ia t io n .........................................................................................

United Permanent Savings and Loan Association..........................................................
Wadsworth Dime Banking, Aid and Loan Association..................................................
Wakelee Farm Dime Banking and Loan Association......................................................
* The last report received was for that year.
** Purchased by Rochester Sa\
Savings and Loan Association, q. v.
tt Receiver appointed March 7, 1903.
$ Name changed to Rochester Saving and Loan Association by chap. 441, L. 1894
% Formerly National Savings and Loan Association, q. v. | Receiver appointed.
|




s s o c ia t io n s .

S t r a s b o u r g B u il d in g A s s o c ia t io n ............................................................................................
St r a s s b u r g e r Sa v in g s a n d A id A s s o c ia t io n ..........................................................................

A

Saint Joseph Street Lot Association....................................................................................
Saint Joseph Street Permanent Savings and Loan Association........................................
Security Loan Association..................................................................................................
Sehm Tract Building Lot Association................................................................................
Sixth Ward Permanent Savings and Loan Association....................................................
South End Savings and Loan Association.........................................................................
South Park Homestead Tract Association.........................................................................
Standard Loan Association..................................................................................................
State Building and Loan Association.................................................................................

of

R o c h e s t e r S h o o t e r s ’ Co - o p e r a t iv e B u il d in g L o t A ss o c ia t io n ..................................
R o c h e s t e r S h o o tin g P a r k C o - o p e r a t iv e L o t A s s o c ia t io n ...........................................
R o c h e s t e r S h o o t in g P a r k So c i e t y ....................................................................................

1883
1890
1891
1890
1886

is t

Rochester Saving and Loan Association^)........................................................................

19,
24,
1,
27,
24,

L

R o c h e s t e r S a v in g s , A id a n d L o a n A s s o c ia t io n .................................................................
R o c h e s t e r Sa v in g s a n d L o a n A s s o c ia t io n ...........................................................................

Feb.
7, 1906
1890
1890
1898
1891
1892
1890
1890
*1876
1875
1893
1892
1892
*1875
May 9, 1871
1875
1896
1892
May 20, 1886
Nov. 11, 1905
1890
April 30, 1884
*1881
1878
*1877
1877
*1879
1879
1892
1882
*1875
1875
April 4, 1871
*1877
1877
Jan. 23. 1877
1894
Jan. 2, 1889
*1875
1875
Nov. 1, 1872
*1876
1876
Nov. 23, 1872
*1875
1875
April 1, 1874
1893
1890
1890
**1895
Aug. 25, 1886
1892
May 17, 1881
1.898
April 1, 1893
1893
1894
1890
April,
1886
1902
1890
Sept. 16, 1886
1901
1890
Dec. 2, 1889
1892
1890
Jan. 1, 1887
1894
1891
Mar. 17, 1891
*1875
1875
Aug. 14, 1874
1875
*1876
1894
1891
Aug. 11, 1891
Dec. 22, 1905
1890
June 16, 1887
111896
1890
1875
*1875
1890
June 5, 1906
July 13, 1886
1891
1890
1875
*1876
Jan. 7, 1872
1896
Feb. 11, 1896
April 1,1909
Aug. 2, 1887
1890
1890
May 18, 1886
1875
*1878
Sept. 5, 1871
1890
Aug. 3, 1886
Oct. 12, 1887
1890
1902
1890
Rochester................... Oct. 13, 1886
lgs and Loan Association.
t Formerly Fourth Ward Permanent
t t t Taken possession of and closed by Superintendent of Banks,
tt Name changed to Knickerbocker Building Loan Company.
May
Feb.
Jan.
Jan.
May

co

L is t

of

S a v in g s

and

L oan A

s s o c ia t io n s —

( Continued)

03
00

NAMES OF ASSOCIATIONS.

Location.

Organized.

First
report
for year.

Closed.
R

1890
1891
1889

New York
New. York
New York
New York
New York
New York
New York
New York
New York
New York
New York
New York
New York
New York
New York
New York
New York
New York
New York

Mar. 2,
Nov. 8,
Nov. 7,
May 24,
Mar. 26,
May,
July,
Feb. 18,
May 23,
Sept. 12,
June 20,
Aug. 13,
Dec.,
Jan. 27,
Oct. 1,

1888
1890
1890
1875
1890
1890
1891
1892
1891
1888
1888
1895
1891
1899
1890
1875
1890
1892
1895

and

A id A s s o c ia t io n ................................

NEW YORK COUNTY.
American Co-operative Savings and Loan Associationt.................................
Anglo-American Savings and Loan Association...............................................
Assured Building-Loan Association...................................................................
A st o r ia Co - o p e r a t iv e B u il d in g A s s o c ia t io n ..............................................

Bank Clerks’ Co-operative Building and Loan Association of New York City
Bankers’ Loan and Investment Company........................................................
Bellport Mutual Loan Association of New York.............................................
Birkbeckllnvestment Savings and Loan Company of America]t+ t..................
Breslau Building and Loan Association............................................................
Broadway Dry Goods Co-operative Building and Loan Association..........
C e n t r a l Co - o p e r a t iv e B u il d in g

and

L o a n A s s o c ia t io n ..............................

Central Park Co-operative Savings and Loan Association................................
Century Savings and Loan Company..................................................................
Chatterton Hill Building Lot Association.........................................................
Chosen Friends’ Home Loan and Savings League............................................

Cit iz e n s ’ M u t u a l L o a n

and

A c c u m u l a t in g F u n d A s s o c ia t io n ..................

Citizens’ Savings and Loan Association of New York City......... ...................
City Loan and Investment Company....................................................................
Colonial Co-operative Savings and Loan Association........................................




1888
1890
1889
1870
1890
1890
1891
1892
1891
1888
1888
1895
1891
1899
1890

July 19, 1889
Mar.,
1892
Feb. 8, 1885

1899
*1875
*1900
Jan. 28, 1907
1899
1897

J1900

*1875

s s o c ia t io n s .

Nov. 19, 1889
Oct. 28, 1891
Nov. 29, 1889

W e s t p h a l ia S a v in g s

IfiQfi

Sept. 16, 1907

A

Hem pstead.................
Port W ashington. . . .
Rockville Centre........

West Avenue Loan Association...................................................
Western New York Permanent Savings and Loan Association
Western Savings and Loan Association.....................................
Westphalia Co-operative Savings and Loan Association...........

oan

NASSAU COUNTY.
Hempstead Co-operative Building and Loan Association..........................
Port Washington Building and Loan Association of Queens County, N. Y
Rockville Centre Savings and Loan Association.........................................

W e s t A v e n u e B u il d in g L o t A s s o c ia t io n ..................................

1893
*1875
Dec. 28, 1905
1896
*1875

L

1890
1875
1890
1891
1875
1892
1890
1894
1892
1875
1892
1890
1890
1890

a v in g s a n d

1872
1886
1890
1873
1890
1889
1894
1887
1875
1883
1890
1890
1886

S

Feb. 28,
May 11,
May 2,
April,
Nov. 10,
Mar. 18,
Jan. 8,
Oct. 11,
May 20,
Mar. 9,
April 30,
May,
April 3,

L o a n A s s o c ia t io n ....................................

on

West Side Permanent Loan Association., .................................
William Otis Building Lot Association.......................................
Windsor Permanent Savings and Loan Association.................
Workingmen’s Permanent Savings and Loan Association.........

Rochester
Rochester
Rochester
Rochester
Rochester
Rochester
Rochester
Rochester
Rochester
Rochester
Rochester
Rochester
Rochester
Rochester

and

Washington Permanent Loan and Aid Association..................
Webster Avenue Homestead Lot Association..............................

epo rt

MONROE COUNTY — (Concluded).
Warner Street Building Lot Association......................................
W a s h in g t o n A id

lllfl111900
1893
1892
*1888
1900
1892
Himi901
11111901
*1875
U894
1898

i t 1902
1892
New York.
Jane 7, 1892
1893
1891
New York.
Feb. 10. 1891
1891
1890
New York.
1890
New York.
June 11, 1890
$1903
New York.
Oct. 7, 1903
1884
1882
New York.
Co -o p e r a t iv e R e a l E st a t e A s s o c ia t io n .................................................................
Mar. 8, 1882
New York.
June 4, 1888
Co-operative Savings and Loan Association of New Y orkttt.........................
1891
1890
New York.
Cosmopolitan Co-operative Building and Loan Association..............................
§1889
New York.
1888
D a il y N e w s B u il d in g a n d L o a n A s s o c ia t io n ....................................................
April 26, 1888
H1891
New York.
1889
Daily News Building, Savings and Loan Association^....................................
April 26, 1888
ttl896
1894
New York.
April 26, 1888
Daily News Savinas and Building-Loan Association** ...................................
1892
1891
Eagle Building, Mutual Loan ana Accumulating Fund Association...............
New York.
Feb. 9, 1891
$$1902
New York.
1888
Feb. 15, 1888
East Side Co-operative Building and Loan Association....................................
1909
New York.
April 30, 1909
Edgehill Co-operative Savings and Loan Association.......................................
Aug. 17, 1911
1891
New York.
Mar.. 23, 1891
Electric Building, Loan and Savings Association**a.........................................
$$1896
1894
New York.
April 20, 1894
Empire Loan and Investment Company..............................................................
1893
1891
Equitable Building and Loan Association\\\\.....................................................
New York.
April 6, 1891
1892
New York.
1890
Sept. 8, 1888
Equitable Permanent Co-operative Building and Loan Association.................
1892
New York.
1891
May,
1891
Equitable Savings and Investment Association....................................................
1900
Equitable Savings /Sociefj/Httt*..........................................................................
New York.
1893
April,
1891
New York.
June 8, 1888
Eureka Co-operative Savings and Loan Association.........................................
1888
Nov. 22, 1908
1901
European Liberty Building, Co-operative Savings and Loan Association........
New York.
April 3, 1901
Jan. 30,1912
New York.
1890
June 19, 1888
Excelsior Building and Loan Association*^ 11111* t t t t ....................................
Nov. 20, 1906
1902
New York.
Fairview Heights Building and Lot Association..............................................
Oct. 14, 1902
Jan. 29, 1906
1889
Federal Co-operative Building and Loan Association.......................................
New York.
July 1, 1888
1899
New York.
June 12, 1889
First Bohemian-Slavonic Co-operative Savings and Loan Association...........
1879
New York.
*1879
F ir s t Co - o p e r a t iv e L a n d a n d B u il d in g So c i e t y .............................................
*1875
New York.
1875
F ir s t N a t io n a l B u il d in g a n d M u t u a l L o a n A ss o c ia t io n ...........................
New York.
*1881
1879
F ir s t U n io n Co - o p e r a t iv e B u il d in g A sso c ia t io n , S ec tio n 2 ..................
*1881
New York
1875
F ir s t U n io n C o - o p e r a t iv e L a n d an d B u il d in g So c ie t y ........................
1868
Feb. 16, 1906
New York
Feb. 2, 1905
Flushing Heights Co-operative Saving and Loan Association*a.....................
1892
New York
1890
June 29, 1886
Fnrdham Co-operative Building and Loan Association...................................
$1894
Jan. 12, 1894
New York
Franklin Mutual Building ana Loan Association of New York...................
New York
Franklin Society for Home Building and Savingstf........................................
1896
April 26, 1888
*1890
New York
July 5, 1888
Fraternity Co-operative Building and Loan Association....................................
1888
New York
German-American Building ana Loan Association of the City of New York
1889
June 7,1888
New York
Greenwich Building and Loan Association.......................................................
1890
Oct. 15, 1889
$$Nov.l905
New York
1895
April 21, 1894
Guardian Savings and Loan Company..............................................................
$1892
1892
New York
Mar. 25, 1892
Hand in Hand Mutual Building and, Loan Association.............................
Mar. 13,1909
Nov.,
1888
1894
New York
Harbor and Suburban Building and Savings Associofiontttt.........................
$$Feb. 9, 1904
1887
Mar. 21, 1887
New York
Harlem Co-operative Building and Loan Association.....................................
*The last report received was for that year. ** Formerly Daily News Building, Savings and Loan Association, q. v. *** Began proceed­
ings in 1894 to change name to Round Robin Savings and Loan Association, but discontinued them, t Reincorporated July 21, 1897. f t Name
changed to Franklin Society for Home Building and Savings, t t t Formerly New York and Wakefield Co-operative Building and Loan Association,
t t t t Taken possession of and closed by Superintendent of Banks. $ Never did any business. $$ Receiver appointed. §Name changed to Daily
News Building, Savings and Loan Association. t Name changed to Daily News Savings and Building Loan Association.
i t Formerly Daily News
Savings and Building-Loan Association, q, v. H it Name changed to United Savings-Loan Society.
| Formerly Daily News Building and Loan
|
Association q. v.
T|||Successor to United States Bond Company of New York, q. v.
||| Merged in the Franklin Society for Home Building
|||
and Savings. i t i t * Receiver appointed May 18, 1901. H itt Charter forfeited by non-user.
* T t it * Formerly Sun and Evening Sim Building
Mutual Loan ana Accumulating Fund Association, 9. v.
*a Dropped from official list. **a Assets sold to Serial Building, Loan and Savings Institution.
Columbia Mutual Building and Loan Association of New York....................
Commonwealth Savings and Investment Company..............................................
Consolidated Building and Loan Association......................................................
Co-operative Building Bank.................................................................................
Co-operative Home Building Association of New York...................................

L
is t
of

A
s s o c ia t io n s .




09
CD

L is t

of

S a v in g s

and

Loan

A s s o c ia t io n s —

( Continued)

Location.

NAMES OF ASSOCIATIONS.

.

Organized.

O
First
report
for year.

Closed.
R
§1899
1892
*61903
3, 1906
*01895
**01893
****01894
1899
May 20, 1911
*11*1903
I t 1898
Nov. 23, 1905
Oct.

§1901
11893
§1899

Nov. 30, 1906
*1900
$11891
§§1892
July 13, 1911
*1*1900
*****01909

1903
1891

s s o c ia t io n s .

11894
§1902

A

Feb. 24,1.888

1889
1888
1890
1890
1888

9, 1907
*1891
1903
**cl898

oan

York..................
York..................
York..................
York..................
York..................

1894
1892
1887
1893
1890
1889
1888
1888
1889
1889
1888
1890
1888
1895
1890
1890
1888
mi
1906

Mar.

L

New
New
New
New
New

1891
1888
1890
1894
1890
1909
1887
1893
1890
1896
1891
1890
1890
1893
1899
1890

and

New York..................
New York..................
New Y ork..................
New York..................
New York..................
New York..................
New York..................
New York..................
New York..................
New York..................
New York..................
New York..................
New York..................
New Y ork..................
New Y ork..................
New York..................
New York..................
New Y ork..................
New Y ork..................

April 15,1891
May 28, 1888
1890
Jan. 30,1894
May 10,1888
April 20,1909
Sept. 6,1887
April 25,1893
1890
Feb. 16,1894
July 1, 1890
April,
1890
April 10,1890
April 10,1890
Sept. 14,1898
June 18,1883
April 16, 1903
April 10, 1890
April 27, 1882
Aug.,
1887
Dec. 1, 1893
April 3, 1890
Oct. 9, 1889
June 1,1888
Feb. 22, 1888
Dec. 31, 1888
Aug. 13, 1889
Mar. 14, 1888
Mar.,
1888
Mar. 5,1888
April 3,1890
Sept.,
1889
Sept. 17, 1890
April 19,1888
Sept. 6,1894
May 23, 1906
Aug. 13,1900
Mar. 29. 1888
June 4,1888
Jan.,
1890

S a v in g s

York..................
Y ork..................
Y ork..................
Y ork..................
Y ork..................
Y ork..................
Y ork..................
Y ork..................
York..................
Y ork..................
York..................
Y ork..................
York..................
Y ork..................
Y ork..................
York..................

on




New
New
New
New
New
New
New
New
New
New
New
New
New
New
New
New

eport

NEW YORK COUNTY — (Continued).
Harlem River Building, Loan and Savings Association..................................................
Herald Employees’ Co-operative Building and Loan Association...................................
Holland Building and Loan Association............................................................................
Home Circle Building and Loan Association....................................................................
Home Mutual Building and Loan Association.................................................................
Hudson Co-operative Savings and Loan Association......................................................
Industrial Co-operative Building and Loan Association...................................................
Industrial Savings and Loan Company***cfttt..............................................................
International Loan and Savings Society..............................................................................
Investors' Savings and Loan Conipany****c......................................................................
Italian Co-operative Building, Savings and Loan Association.........................................
Jewelers’ Building and Loan Association...........................................................................
Keystone National Savings, Loan and Investment Association........................................
Keystone Savings and Loan Association***a............................... .....................................
Knickerbocker Co-operative Savings and Loan Association of the City of New Y ork ...
Knickerbocker Savings and Loan Company*c t t t t .........................................................
Kupeler Share Co-operative Savings and Loan Association.............................................
Lenox Building Loan Company..........................................................................................
Manhattan ana Suburban Savings and Loan Institution..................................................
Manhattan Mutual Co-operative Savings and Loan Associationt ........ •
..........................
Manhattan -Real Estate and Loan Company of New Y ork..............................................
Mercantile Building and Loan Association........................................................................
Mercantile Co-operative Bank..............................................................................................
Methodist Book Concern Employees' Co-operative Building and Loan Association........
Metropolitan Co-operative Building and Loan Association..............................................
M illinery Building and Loan Association..........................................................................
Model Building and Loan Association of Mott Haven...................................................
Mount Morris Co-operative, Building and Loan Association...........................................
Mount Saint Vincent Co-operative Building and Loan Association..............................
Murray Hill Co-operative Building and Loan Association* * ..........................................
Mutual Realty ana Loan Corporationf t .............................................................................
Mutual Savings and Distribution Fund Association.........................................................
National Homestead Company............................................................................................
National Mutual Building and Loan Association of New York....................................
New Century Co-operative Savings and Loan Association...............................................
Newmark Durinsker Co-operative Savings and Loan Associationt t t t ............................
New York and Bellport Co-operative Savings and Loan Association.............................
New York and Suburban Co-operative Building and Loan Association.......................
New York and Wakefield Co-operative Building and Loan Association........................
New York Building-Loan Banking Company aa.............................................................
New York City Co-operative Savings and Loan Association...........................................
fe w York Co-operative Building and Loan Association.................................................

*1876
New York
1875
1868
1912
New York.
May 9,1912
Feb. 23, 1906
New York
1893
Mar.,
1892
Feb. 12, 1907
New York
1890
June 26, 1890
§1899
1890
New York
Jan. 13, 1890
Feb. 10, 1912
1891
New York
Sept. 28, 1891
*1884
N e w Y o r k T o n t in e So c i e t y ......................................................................................................... New York
1884
1884
§1902
New York World Co-operative Building and Loan Association...................................... New York
1890
Oct. 2, 1886
July- 15, 1909
1902
Mar. 18, 1902
Nineteenth Ward Co-operative Savings and Loan Assoa'ofiontttt................................. New York
1892
1891
April 11, 1891
Nonpareil Savings ana Loan Association.............................................. ........................... New York,
*1910
1890
Northern Building, Savings and Loan Association.......................................................... New York.
Sept. 12, 1889
1888
North New York Co-operative Building and Loan Association..................................... New York.
April 19, 1888
Navy Tabor Building and Mutual Loan Corporation....................................................... New York.
1893
Oct. 18, 1893
Sept. 7. 1906
1902
1900
June 6, 1900
Ocean Avenue Lot Associafionlflfl * * * ............................................................................... New York,
Nov. 26, 1909
1899
Ocean Breeze Building Lot Association.............................................................................. New York,
June 27, 1899
**1901
Our Own Home Association................................................................................................ New York,
May 20, 1901
1892
April 18, 1904
Park Building and Loan Association........................... ................................................... New York.
April 4, 1892
iono
1890
People’s Co-operative Building and Loan Association bb................................................. New York,
July 10, 1888
1885
USept. 2, 1910
People’s Real Estate Tontine* d.......................................................................................... New York,
July 2, 1884
1894
U11896
Peter Cooper Savings and Loan Society............................................................................ New York,
Feb. 16, 1894
1903
Mar. 12, 1903
Polonia Co-operative Savings and Loan Association....................................................... New York,
1890
Oct. 25, 1886
Popular Banking, Savings and Loan A ssociation***^^............................................... New York
1888
Produce Exchange Building and Loan Association......................................................... New York
July 2, 1888
New York.
May 16, 1901
Prospect Co-operative Savings and Loan Association.......................................................
A TT**
tttl898
1895
Feb. 20, 1895
Provident Co-operative Savings and Loan Association.................................................... New York.
1899
Jan.,
1882
Provident Savings-Loan Investment Company (The) t t t ................................................. New York.
tUMar. 9 1906
1899
June 1, 1888
Prudential Savings and Loan Association of New York, N. Y. (TAe)§§§...................... New York.
1892
July 23, 1891
Railroad Brotherhoods Savings and Building Association............................................. New York.
1890
Mar. 5, 1890
Railroad Co-operative Building and Loan Association............... .............................. New York.
*1892
1891
Feb. 2, 1891
Railroad and Steamship Employees’ Mutual-Building and Loan Association.............. New York.
§1900
1893
Feb. 20, 1890
Republic Savings and Loan Association] ||...................................................................... New York.
| ||
1896
New York.
1895
Mar. 19, 1895
Retail Merchants’ Co-operative Savings and Loan Association.......................................
1894
Jan. 11, 1894
W 1899
Riverside Building and Loan Association......................................................................... New York.
1889
Sept. 18, 1888
New York.
Safety Co-operative Building, Loan and Savings Association of New York City----1889
Oct. 23, 1887
Scandinavian Building and Mutual Loan Association of New York and Brooklyn.. New York.
*1882
1875
New York.
S e c o n d N a t io n a l B u il d in g a n d M u t u a l L o an A s s o c ia t io n .................. ......................
*1876
1867
1875
Se c o n d U n io n Co - o p e r a t iv e L a n d a n d B u il d in g S o c ie t y ............................................. New York.
* The last report received was for that year. ** Reincorporated February 17, 1897. *** Removed from Rochester in 1897. t Reincorporated
May 3, 1895. tt Formerly Mercantile Building and Loan Association, q. v.
t t t Receiver appointed March 7, 1898.
t t t t Taken possession of
and closed by Superintendent of Banks, t Did not report for the years 1893 and 1894; name changed to Mutual Realty and Loan Corporation in
1895. t t Dissolved by action‘ because of fraudulent and illegal practices,
t t t Formerly Mercantile Association of Brooklyn, a. v.; removed from
Kings county in 1899; merged with Knickerbocker Savings and Loan Company 1906.
§ Receiver appointed. §§ Absorbed by Granite State
Provident Association, Manchester, N. H.
§§§ Formerly Methodist Book Concern Employees’ Co-operative Building and Loan Association, a. v.
UIn hands of receiver.
Ilf Name changed to Investors1 Savings and Loan Company.
IfH Receiver appointed October 23, 1899.
IT
||Name
changed to the Prudential Savings ana Loan Association of New York, N. Y.
|1 Never completed incorporation.
||
||| Formerly Teachers’
|||
Equitable Building-Loan Association, q. v. *aMerged in the Produce Exchange Building and Loan Association. **aName changed to Keystone
Savings and Loan Association.
***a Formerly Keystone National Savings, Loan and Investment Association, q. v.
****oName changed1 to
Lenox Building-Loan Company.
*****a Name changed to Co-ouer&tive Savings and Loan Association of New York.
* ^Receiver appointed August
29, 1903.
*c Formerly Knickerbocker Building-Loan Company, Rochester, changed from Lyell Avenue Savings and Loan Association, q. v.,
removed to New York city in 1905.
**e Receiver appointed June 4, 1898.
***c Removed from Syracuse in 1899.
****c Formerly Peter Cooper
Savings and Loan Society, q. v.
*d Removed to Kings county in 1908.
*T*Did not commence business.
**§* Merged in the Franklin Society
for Home Building and Savings, August 19, 1901.
11**iCharter abandoned.
I l l * * * Removed from Kings county in 1902.
aa Receiver
appointed September 12, 1903.
5b Receiver appointed April 15, 1903.
N e w Y o r k C o- o p e r a t iv e B u il d in g L o t A s s o c ia t io n ......................................................

New York Edison Savings and Loan Association, The...................................................
New York Mortgage Company of New Y ork...................................................................
New York Mutual Savings and Loan Association...........................................................
New York National Building and Loan Association.......................................................
New York State Mortgage Bank and Savings Association.............................................

L
is t
of

A
s s o c ia t io n s .




L is t

of

S a v in g s

and

L oan

A s s o c ia t io n s —

NAMES OF ASSOCIATIONS.

(C ontinued).

Location.

fco

Organized.

■ 11 1893
11
THIDec., 12,1905
1893
Jan. 24, 1907
Dec. 19, 1904

1903
*1875

1896
*1893
Sept. 25, 1894

s s o c ia t io n s .

.

A

W 1894
Jan. 20, 1904
*t*1893
*t*May 1, 1893
Hf Jan. 5, 1905
Feb. 16, 1912
Jan. 2, 1905
*1900

oan

May

1897
||||**1902

L

1910
1890
1890
1888
1890
1889

Nov. 10,
May 5,
Jan. 1,
Sept. 5,

1894
1894

and




North Tonawanda
North Tonawanda
Lockport..............
Niagara Falls......
Suspension Bridge
North Tonawanda

1898
*1889
tttl893
t i t 1892

S a v in g s

NIAGARA COUNTY.
Home Co-operative Savings and Loan Association . . .
Homestead Loan Association..........................................
Lockport Savings and Loan Association.......................
Niagara Permanent Savings and Loan Association. ..
Niagara Savings and Loan Association........................
North Tonawanda Aid and Savings Association..........

1891

on

1910
1890
1888
1887
1890
1, 1887

L o a n A s s o c ia t io n ..................................................

epo rt

1892
1891
1885
1891
1891
1892
1888
1911
1888
1888
1888
1888
1890
1895
1884
1889
1888
1889
1888
1891
1890
1891
1800
1890
1891
1894
1896
1887
1888
1900
1875

1892
1889
1892
1891
1885
1892
1892
1892
1888
1911
1888
1890
1890
1889
1890
1895
1889
1890
1890
1889
1889
1892
1890
1891
1891
1893
1891
1894
1896
1888
1890
1900
1875

New Y ork.................. April,
New
Security Investment Company.................................... ....................................................... New York.................. April
Security Mutual B ank....................................................................... ............................... New York.................. April
Serial Building, Loan and Savings Institution................................................................ New York.................. Jan. 20,
Sherman Park Bau-Verein, No. 1 .................. .............................................. ..................... New York.................. Dec. 31,
Sherman Park Savings and Building Association............................................................ New York.................. Dec.
Silver Lake Park Building and Loan Association............................................................ New York.................. Aug. 20,
Star Co-operative Building and Loan Association........................................................... New York.................. Feb..
Steamship Clerks’ Savings and Loan Association........................................................... New York.................. Mar. 22,
Stuyvesant Co-operative Building and Loan Association^§.............................................. New York.................. April 10,
Sun and Evening Sun Building, Mutual Loan and Accumulating Fund Association.. New York.................. June 19,
Teachers’ Building and Loan Association of New York City......................................... New York.................. Sept.
Teachers’ Co-operative Building and Loan Association of the City of New Y ork. . . . New York.................. July 6,
Teachers’ Equitable Building-Loan Association................................................................ New York.................. Feb. 20,
Treasury Corporation Co-operative-Savings and Loan Association................................. New York.................. Dec. 6,
Tremont Building and Loan Association.......................................................................... New York.................. May,
Triangle-Building, Loan and Tontine Savings Fund Association.................................. New York.................. Dec.,
Twenty-third Ward Co-operative Building and Loan Association................................... New York.................. April 20,
Union Building, Loan and Savings Association.............................................................. New York.................. Jan. 4,
Union Square Permanent Co-operative Building and Loan Association....................... New York.................. Sept. 12,
United Building and Loan B ank...................................................................................... New York.................. Jan. 1,
United Savings-Loan Society**^,*...................................................................................... New York.................. Oct. 1,
United States Bond Company............................................................................................. New York.................. Jan. 1,
United States Building-Loan League............... .................................................................. New York.................. Dec. 15,
United States Savings and Loan Barik*§*.......................... ........................................... New York.................. Dec. 15,
Universal Trust C om poni/tttt.......................................................................................... New York.................. July 22,
Washington Heights Savings and Loan Association......................................................... New Y ork ................. Jan. 15,
Westchester Co-operative Savings and Loan Association.................................................. New York.................. May 20,
West End Co-operative Building and Loan Association................................................. New York.................. Nov. 14,
West Side Mutual Building, Loan and Saving Association of the City of New Y ork .. New York.................. Aug. 17,
Wood-Harmon Co-operative Savings and Loan Association............... •.......................... New York.................. Sept. 24,
•
W o o d l a w n H e ig h t s M u t u a l B u il d in g A s s o c ia t io n .......................................................... New York.................. Oct. 4,
and

Closed.
R

NEW YORK COUNTY — (Concluded).
Surety Building-Loan Mortgage Company***..................................... .............................
S e c u r it y Co - o p e r a t iv e Sa v in g s

First
report
for year.

1891
1884
1893
1890
1900
1891

Mar. 21, 1892
Mar. 27,1891
1889
Mar. -30, 1892
Mar. 1, 1890
Feb. 13, 1892
Feb. 13, 1892
July 8, 1908
Sept. 23, 1898
Jan. 25, 1893
Feb. 28, 1894
March, 1890
Dec. 27, 1893
June 22,1893
Dec. 22, 1887
June 23,1890
Feb. 4, 1888
July 14, 1893

1892
1891
1889
1892
1892
1890
1892
1894
1908
1898

„
„
ONTARIO COUNTY.
Geneva Permanent Loan and Saving Association.........
Universal Savings and Loan Company...........................

Geneva,
Geneva,

April 19, 1886
Mar.,
1891

„ ,1J.
ORANGE COUNTY.
Building and Loan Association of Newburgh, N. Y .................
Co-operative Loan and Savings Society.....................................

1894
1890
1893
1887
1890
1888
1893
1890
1891

Dec.

111900
tl898
11894
§1892
111901
29, 1906
11894
**1901
§1893
1899
1892
§1893
t f 1899
t t 1901
111901
1894

Nov. 18, 190:4

1886
Newburgh.
May,
1886
1892
Port Jervis
Aug. 13, 1891
1876
*1878
Port Jervis
1872
1875
*1877
Port Jervis
1910
Goshen Co-operative Savings and Loan Association (The)
Goshen.......
Aug. 5, 1910
Homestead Building and Loan Association...............................
1889
Middletown.
Dec.,
1888
*1876
1875
M id d l e t o w n B u il d in g an d L o a n A s s o c ia t io n .........................
Middletown.
Sept. 23, 1873
*1879
M u t u a l B u il d in g an d L o a n A s s o c ia t io n ...................................
1875
Port Jervis.
July 1,1874
. * The last report received was for that year. ** Charter forfeited by non-user.
*** Formerly Security Mutual Bank, g. v.
t Receiver ap­
pointed April, 1898.
f t Assignee appointed.
t t t Consolidated with the Bankers’ Loan and Investment Company.
f t t t Taken possession
of and closed by Superintendent of Banks.
t Transferred to Eastern Building and Loan Association of Syracuse, N. Y.
tt Removed from
Geneva to Syracuse in 1895.
t t t Name changed to Security Building-Loan Mortgage Company; did not report for 1892.
§ Did not do any
business. §§ Receiver appointed December 9, 1897.
1 Name changed to Empire Savings and Loan Association.
11 Receiver appointed.
I l l Transferred to People’s Co-operative Building and Loan Association. | Formerly Empire Co-operative Savings, Building and Loan Association,
l
o. v.
H Name changed to Republic Savings and Loan Association. **1* Formerly Chosen Friends’ Home, Loan and Savings League, g. v.
U
* t * Succeeded by the Equitable Building and Loan Association.
* t * Name changed to United States Savings and Loan Bank.
*§* Formerly United
States Building-Loan League, g. v.
| | * Name changed to Excelsior Building and Loan Association.
| |*

s s o c ia t io n s .

Syracuse.
Syracuse.
Syracuse.
Syracuse..
Syracuse.
Syracuse.
Syracuse.
Syracuse..
Syracuse.
Syracuse.
Syracuse.
Syracuse.
Syracuse,
Syracuse.
Syracuse.
Syracuse.
Syracuse.
Syracuse.
Syracuse.

A

,
.
.
ONONDAGA COUNTY.
Atlantic Savings and Loan Association of Syracuse, N. Y . . . .
Central City Building and Loan Association.............................
Central New York Co-operative Savings and Loan Association
Commercial Building and Loan Company.................................
Cosmopolitan Building and Loan Association...........................
Eastern Building and Loan Association of Syracuse, N. Y . ..
Empire Co-operative Savings’ Building and Loan Association.
Empire Savings and Loan Association, ||ft+t...........................
Fair City Co-operative Savings and Loan Association.............
Home Building and Lot Association...........................................
Interstate Building and Mutual Loan Association.....................
Merchants and Mechanics’ Savings and Loan Association........
Merchants’ Co-operative Savings and Loan Association............
New York Savings and Loan Association.................................
Onondaga Savings and Loan Association...................................
People's Building, Loan and Saving AssociationtX...................
Safety Investment and Loan Company.........................................
Syracuse Co-operative Savings and Loan Association..............
United Savings, Building and Loan Association.......................

1895

of

Feb. 7,1891
Feb.
1884
April 3, 1893
Aug. 2.., 1888
Oct. 1 .1900
April,
1891

is t

Utica................
Utica................
Whitesboro.. . .
Rome................
Oriskany Falls.
Utica................

L

ONEIDA COUNTY.
Cornhill Building and Loan Association........................................
Homestead Aid Association of Utica.............................................
Homestead Aid Association of Whitestown, N. Y .....................
Mutual Savings, Loan and Building Association of Rome, N. Y
Oriskany Falls Co-operative Savings and Loan Association.......
Savings, Building and Loan Association of Utica.......................

D e e r p a r k a n d W e s t f a l l B u il d in g an d L oan A sso c ia tio n
D e l a w a r e B u il d in g an d L o a n A s s o c ia t io n .............................




tf*

05

L is t

op

S a v in g s

and

Loan A

s s o c ia t io n s —

( Continued)

Organized.

First
report
for year.

Port Jervis___
Port Jervis. . .

Aug. 2, 1875
Aug. 13, 1886

1875
1875
1890

Port Jervis. ..
Port Jervis.. .
Port Jervis. . .

May 30, 1868
Aug.,
1891
May 30, 1868

1875
1892
1875

Warwick, Monroe and Chester Building and Loan Association....................................
Woodbury, Monroe and Chester Building and Loan Association...................................

Central Valley
Middletown...
Monroe...........
Central Valley

April,
Oct. 12,
Feb 27,
Feb.,

1890
1873
1903
1889

1890
1875
1903
1890

ORLEANS COUNTY.
Medina Savings and Loan Association....................................
Orleans County Co-operative Savings and Loan Association

Medina
Albion.

Mar. 20, 1888
July 16, 1889

1888
1889

Mar.

Oswego Savings and Loan Association..........................
Reciprocity Building and Loan Association................
Security Building and Loan Association......................

Oswego
Oswego
Oswego
Oswego
Oswego,
Oswego
Oswego
Oswego
Oswego
Oswego
Oswego
Oswego

Oct.
Aug.
Feb.
Aug.
July
July
Feb.
April
Oct.
Aug.

5, 1890
1884
1, 1888
4, 1874
1, 1888
14, 1890
22, 1879
8, 1873
20, 1884
16, 1888
16, 1890
1, 1890

1890
1884
1888
1875
1888
1890
1879
1875
1884
1888
1893
1890

OTSEGO COUNTY.
Oneonta Building and Loan Association.....................

Oneonta

April 27, 1888

1888

NAMES. OF ASSOCIATIONS.

Location.

Closed.
R

L o a n A s s o c ia t io n ..........................................................................

G e r m a n D e p o s it

and

A id A s s o c ia t io n .......................




.....
.. 7

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

Mar.

4, 1889

1890

*1902

Jan
Dec.

4. 1897
4, 1888

1897
1889

**Mar. 3, 1906

s s o c ia t io n s .

QUEENS COUNTY.
Astoria Real Estate Association.......................................................................................... Long Island C ity.. . .
Bohemian Tax-payers' Co-operative Savings and Loan Association of Long Island
City..................................................................................................................................... Long Island C ity.. . .
Central Permanent Building and Loan Association....................................................... Long Island C ity.. . .

*1883
April, 1878
*1888
April, 1892

A

Home Savings and Aid Association..............................
Lake City Building and Loan Association..........

M u t u a l D e p o s it a n d A id A s s o c ia t io n .......................
O n t a r io Sa v in g s a n d A id A s s o c ia t io n .......................
O s w e g o M u t u a l Sa v in g s a n d A id A sso c ia t io n . . .

*1888
*1879
1893

oan

A id A s s o c ia t io n .........................

L

and

Frontier Permanent Building and Loan Association..

and

OSWEGO COUNTY.
Dime Building and Loan Association..........................
E m p ir e Sa v in g s

*1876
ttl903

a v in g s

and

tttt

S

W a l l k il l B u il d in g

*1879
*1882

on

Orange County Building and Loan Association, No. 2 ...................................................
Port Jervis Building and Loan Association, No. 1, of the Village of Port Jervis,
Orange County, 2V Y ....................................................................................................
.
Port Jervis Real Estate and Loan Association..............................................................
Port Jervis Savings and Loan Association, No. 1..........................................................
Union Building and Loan Association of the Town of Woodbury, County of Orange,
State of New Y ork...........................................................................................................

epo rt

ORANGE COUNTY— {Concluded).
N e v e r s in k B u il d in g a n d L o a n A s s o c ia t io n .......................................................................
O r a n g e C o u n t y B u il d in g a n d L o a n A s s o c ia t io n ............................................................

Columbia Building and Loan Association!:............................
Flushing Co-operative Savings and Loan Association..........
Long Island City Building and Loan Association.................
Long Island Savings and Investment Association................
Queens County Co-operative Savings and Loan Association.
Whitestone Co-operative Savings and Loan Association!
RENSSELAER COUNTY.
Castleton Savings and Loan Association....................................................
H o o s ic k B u il d in g

and

L o a n A s s o c ia t io n ....................................................

Industrial Building-Loan and Savings Association of Troy....................
Permanent Savings and Loan Association of Hoosick Falls, New York.
Pioneer Building-Loan and Savings Association of Troy.........................
Troy Co-operative Savings and Loan Association....................................

T r o y S a v in g s Co m p a n y ..........................................................................................

1890
1885
1889
1889
1889
1897
1875

Stapleton...................
Mariner’s Harbor.. . .
New Brighton...........
Mariner’s Harbor.. . .
Port Richmond.........
Port Richmond.........
Port Richmond.........
West New Brighton..
Mariner’s Harbor.. . .
Tottenville.................
West New Brighton..
Tompkinsville............
West New Brighton..

May,
1887
May 4,1906
July 17, 1900
Feb.,
1887
April 18,1888
July 18. 1912
Feb. 3.1910
Dec. 9,1892
Aug. 25. 1902
Dec. 13. 1881
Feb. 8,1876
July 13,1908
Dec. 9,1892

1887
1906
1900
1887
1888
1912
1910
1893
1902
1881
1876
1908
1902

Spring Valley............
Spring Valley............
Spring Valley............
Nyack........................
Pearl River................
Haverstraw................
Suffern........................

Sept. 1,1889
May,
1891
Mar. 1, 1891
June 13.1888
April 25,1899
June 1,1888
Feb. 1,1887

1889
1892
1892
1890
1899
1890
1887

Suffern........................

Feb.

1887

1,1887

1891
*1889

*1881

***1902

1893

ttt

.
ST. LAWRENCE COUNTY.
1890
Canton Savings and Loan Association...............................
Canton........................ Feb. 27,1889
1892
Gouvemeur Savings and Loan Association........................
Gouverneur................ Jan. 14,1892
1890
Norwood Savings, Loan and Building Association............
Norwood.................... May 1,1890
1888
Ogdensburg Savings and Loan Association........................
Ogdensburg........: . . .
April 21,1888
1890
Potsdam Savings, Loan and Building Association............
Potsdam.................... May 16,1890
* The last report received was for that year.
** Receiver appointed 1906;
*** Name changed to Westerleigh Building, Loan and Savings Asso­
ciation.
t Formerly Prohibition Park Building, Loan and Savings Association, q. v.
t t Name changed to Warwick, Monroe and Chester Building
and Loan Association.
t t t Name changed to Suffern Savings and Loan Association July 1, 1911. ttttN a m e changed to Port Jervis Savings ana
Loan Association Number 1, February 1, 1912. X Removed from Brooklyn, Kings County, December 7 1899. § Reincorporated February 7, 1896.
1 Reincorporated October 18, 1896.
1
w




s s o c ia t io n s .

1882
May 1,1889
June.
1889
Feb. 25.1889
Oct. 25,1897
1870

A

ROCKLAND COUNTY.
Co-operative Savings and Loan Association of Spring Valley..........................
Helping Hand Budding and Loan Association..................................................
Home Building and Loan Association of Spring Valley....................................
Nyack Building, Co-operative Savings and Loan Association..........................
Park Co-operative Savings and Loan Association of Pearl River, New Y ork.
Provident Building and Loan Association of Spring Valley, New York||........
Suffern Savings and Loan Association.
Town of Ramapo Building and Loan Association, No. 1, of the Village of Suffern,
Rockland County, New York: t t 't •
''

Hoosick Falls............
Troy...........................
Hoosick Falls............
Troy...........................
Troy...........................
Troy...........................

of

Port Richmond Co-operative Savings and Loan Association..............
Prohibition Park Budding, Loan and Savings Association..................
Richmond Borough Co-operative Savings and Loan Association.......
Richmond County Building and Mutual Loan Association.................
Staten Island Building, Loan and Savings Association.......................
Tompkinsville Co-operative Savings and Loan Association................
Westerleigh Building, Loan and Savings Association!........................

1889
1890
1887
1893
1888
1891

is t

Polish Savings and Loan Association of Ri hmond County, N. Y., The

Aug. 14,1889
Mar.,
1888
June
1887
April 14,1892
May 22.1888
Aug. 31,1891

L

RICHMOND COUNTY.
Edgewater Co-operative Savings and Building-Loan Association. . . .
Milliken Co-operative Savings and Loan Association of New York...
New Brighton Co-operative Savings and Loan Association................
Northfield Building, Loan and Savings Association.............................
North Shore Building, Loan and Savings Association.........................

Woodhaven...............
Flushing.....................
Long Island City. . . .
Flushing....................
Jamaica......................
Whitestone................

L is t

of

S a v in g s

and

L o a n A s s o c i a t i o n s — ( Concluded.),
05

NAMES OF ASSOCIATIONS.

Location.

Organized.

First
report
for year.

Closed.
R
eport

April 25, 1905

1905

Schenectady
Schenectady

April,
1889
April 17, 1895

1889

SENECA COUNTY.
Seneca Building and Loan Association1 ......................

Seneca Falls

April 1, 1893

1893

STEUBEN COUNTY.
Avoca Co-operative Savings and Loan Association.....................................
Bath Savings and Loan Association...............................................................
Cohocton Dime Savings and Loan Association...............................................
Corning Co-operative Savings and Loan Association...................................
Hornellsville Co-operative Savings and Loan Association...........................
Maple City Co-operative Savings and Loan Association.............................
Union Dime Savings and Loan Association o f North Cohocton and Bloods
Wallace Co-operative Savings and Loan Association.....................................
Wayland Dime Savings and Loan Association.............................................

Avoca...............
Bath.................
Cohocton..........
Coming............
Homell.............
Homell.............
North Cohocton
Wallace............
W ayland...........

Nov. 14,
Feb. 4,
Feb. 6.
May 14,
Mar. 27,
Jan. 18,
April 1,
Feb. 24,
Jan. 20,

1889
1890
1890
1899
1888
1906
1891
1891
1888

1890
1890
1890
1889
1888
1906
1891
1896
1888

SUFFOLK COUNTY.
Amityville Co-operative Building, Loan and Savings Associationt ..............
Babylon and Oak Beach Co-operative Savings and Loan Association..........
Co-operative Savings and Loan Association of Sayville.................................

Amityville.
B ab ylon ...
Sayville. . .

Nov. 20, 1893
May 31, 1895
July 2, 1894

1893
11895
1894

Dec. 31, 1904

W a v e r l y M u t u a l L o a n A s s o c ia t io n ..................................................................

Waverly,
Waverly,

July 21, 1903
April,
1876

1903
1876

*1885

TOMPKINS COUNTY.
Trumansburg Co-operative Savings and Loan Association...........................

Trumansburg

April 30, 1907

1907

Aug. 25, 1909

ULSTER COUNTY.
Home Co-operative Savings and Loan Association of the City of Kingston, Rondout,
N. Y ..................................................................................................................................
Home-Seekers’ Co-operative Savings and Loan Association of the City of Kingston,
N. Y.||................................................................................................................................
Kingston Co-operative Savings and Loan Association...................................................
Saugerties Co-operative Savings and Loan Association (The).......................................

Rondout.

July

5, 1889

1889

§1891

Rondout.
Kingston.
Saugerties

July 21,1891
Jan. 11, 1892
Nov. 7,1907

1891
1892
1907

**1896

1901
1899

oan

1896

L
A
s s o c ia t io n s .




1898

and

TIOGA COUNTY.
Waverly Co-operative Savings and Loan Association.................................

1895

S a v in g s

Mechanicville

SCHENECTADY COUNTY.
Schenectady Building, Loan and Savings Association of the City of Schenectady.. . .
Standard Co-operative Savings and Loan Association.......................................................

on

SARATOGA COUNTY.
Mechanicville Co-operative Savings and Loan Association.............................................

WARREN COUNTY.
Glens Falls Savings and Loan Association......................................................

Dec.

WASHINGTON COUNTY.
Whitehall Co-operative Savings and Loan Association.................................

Dec. 31, 1910

2,1889

1890

Lyons.........................
Palmyra.....................

Mar. 31, 1909
Mar. 8, 1888

1909
1888

***Mar. 9. 1911
1111900

WESTCHESTER COUNTY.
Fidelity Co-operative Savings and Loan Association................... ...................
Harrison Building and Loan Association........................................................
Hastings-on-Hudson Building, Co-operative Savings and Loan Association
Home Building and Loan Association of Mount Yernon...............................
Mamaroneck Co-operative Savings and Loan Association.............................
New Rochelle Co-operative Building and Loan Association.........................
Park View Lot Association................................................................................
Peekskill Co-operative Building, Savings and Loan Association..................
Tarrytown ana North Tarrytown Building and Loan Association...............
Tuckahoe Home Building and Loan Association...........................................
White Plains Building and Loan Association. .............................................
Williamsbridge Building and Loan Association........................... ...................
Yonkers Building and Loan Association.........................................................

Yonkers...................... Jan. 19, 1897
White Plains.............. Mar. 17, 1893
Hastings-on-Hudson. June 13,1901
June 17,1887
Mamaroneck.............. Dec. 24, 1890
New Rochelle............ Sept. 15,1888
Yonkers...................... May 2,1900
July 1,1890
1891
Tarrytown..................
Tuckahoe................... April 9,1890
White Plains.............. May 1, 1889
Williamsbridge.......... Feb. 28, 1890
Yonkers...................... Jan. 18,1888

1897
1893
1901
1887
1890
1890
1900
1890
1895
1890
1889
1892
1888

1898
1895

WYOMING COUNTY.
Tonawanda Valley Co-operative Savings and Loan Association....................

Attica.........................

May 14, 1907

1907

July 16, 1909

YATES COUNTY.
Home Savings and Loan Association of Penn Y an........................................

Penn Y an ..................

Jan. 27,1890

1890

L

WAYNE COUNTY.
Lyons Co-operative Savings and Loan Association.........................................
Wayne Bunding, Loan and Accumulating Fund Association........................

A
s s o c ia t io n s .

* The last report received was for that year.
** Receiver appointed.
*** Never commenced business; name dropped from official list.
t Con­
solidated with the Anglo-American Savings and Loan Association of New York city.
t Never completed incorporation.
§ Succeeded by HomeSeekers’ Co-operative Savings and Loan Association of the City of Kingston, N. Y.
1 Has not reported since 1895.
11 Orlando F. Thomas appointed
receiver August 2, 1900.
| Successor to Home Co-operative Savings and Loan Association of the city of Kingston, Rondout, N. Y., q. v.
|




of

1901
1893

is t

1902

U*




DETAILED STATEMENT
OF THE CONDITION OF THE

SAVINGS AND LOAN ASSOCIATIONS
OF THE

STATED OK NEW YORK,
JANUARY i, 1913.
AS CO M PILED FROM REPO R TS TO TH E BA N K IN G D E PA R TM E N T.
These Associations are Arranged Alphabetically by Counties.




[49]




ALBANY COUNTY.
ALBANY COUNTY SAVINGS AND LOAN ASSOCIATION OF ALBANY, N. Y.
Nos. 309-313 South Pearl street, Albany, N. Y.
[Organized under Law of 1S92.
Officers.
P re sid e n t.................
Secretary ..................
Treasurer .................
Attorney ...................

Commenced business 1892.]

Names.
JOHN A. HOWE..............................
JAMES H. BABCOCK......................
JAMES H. BABCOCK......................
LOUIS SlLBERMAN ......................

Post-office addresses.
498 Hudson Avenue.
93 Schuyler Street.
95 Schuyler Street.
25 So. Pearl Street.

ASSETS.

Loans on bond and mortgage............................................................
Loans on s h a r e s ..................................................................................
Real e s t a t e .............................................................................................
Cash on hand and in b a n k ................................................................
Advances for taxes, insurances, etc...............................................

$173,950
5, 957
20,000
1, 959
51

00
00
00
29
20

$201,917 49
LIABILITIES.

Due shareholders, instalmentshares ...............................................
Due shareholders, savingsshares....................................................
Dividends credited
.......................................................................
Balance to be paid borrowers on mortgage loans.......................
Borrowed m o n e y ..................................................................................
Earnings undivided ..........................................................................
Contingent fund (as per section 225 of Banking L a w )............
Fire losses .............................................................................................

$135,511
36,604
11,880
1, 000
4, 000
7, 322
5. 071
526

87
45
31
00
00
65
78
43

$201,917 49
RECEIPTS.

Cash on hand January 1, 1912..........................................................
Dues on instalment shares credited to members.........................
Dues on savings shares ....................................................................
Money borrowed ....................................................................: ............
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares repaid.....................................................................
Fees received ......................................................................................
Fines received ......................................................................................
Interest r eceiv ed ..................................................................................
Rent received ......................................................................................
Advances repaid
.......
Reverted dividends ........ .'...................................................................
Fire losses .............................................................................................
Dues debited to correct error............................................................
Profit and loss .....................................................................................

$3,671
107, 148
28. 422
12,000
28, 800
5,302
213
223
10, 449
847
319
296
652
180
1, 341

72
47
35
00
00
95
75
53
79
90
59
54
43
85
56

$199,871 43
DISBURSEMENTS.

Loaned on mortgage ..........................................................................
Loaned on shares ................................................................................
Instalment dues repaid repaid on withdrawal, or applied on
lo a n s ....................................................................................... ............




[51]

$36,100 00
6 , 846 00
108, 580 41

52

R eport on S a v in g s a n d L o an A ssociations .

Paid savings shares...............................................................................
Dividends paid on withdrawal, or applied on loans...................
Paid borrowed money and prior mortgages.................................
Paid interest on borrowed money and prior mortgages..........
Paid for real estate ..........................................................................
Paid salaries and clerk-hire ............................................................
Paid advertising, printing and postage.......................................
Paid r e n t ................................................................................................
Paid repairs to real estate................................................................
Paid banking department, examination .......................................
Paid banking department, assessm ent...........................................
Advances for taxes, insurance, etc..................................................
State League d u e s .................................................................................
Fire loss .................................................................................................
S u n d ries..................................................................................................
C lean in g..................................................................................................
L ig h t s ......................................................................................................
F u rn itu r e ...............................................................................................
Fuel, etc....................................................................................................
Heal estate commission ......................................................................
To correct error in mortgages..........................................................
M o v in g ......................................................................................................
Legal expense .......................................................................... •
...........
Cash on hand, December 31, 1912....................................................

$4 , 423
8,151
8,000
197
20, 847
2, 390
281

90
00
00
41
90
51
78

75 00

151
58
13
153
5
126

26
00
20
50
50
00
959 74
52 90
73 45
24 88
123 80
25 00
200 00
25 00
26 00
1,959 29
$199,871 43

Plan, permanent. Par value of shares, $100. Instalments are 25 cents
weekly.
Shares in force January 1, 1912, 8,370; shares issued during the year,
4,225; shares withdrawn during the year, 3,450; shares in force, 9,145. Bor­
rowing members, 123, holding 1,307 shares; non-borrowing members, 1,728,
holding 7,838 shares. Female shareholders, 1,226 holding 4,167 shares. Total
dividends credited members during the year on instalment shares, $5,011.15;
rate 6 per cent. Total dividends credit or paid in cash to members during
the year on other shares, $565.65; rate 4% per cent. Total dividends for­
feited by withdrawing members during the year $296.54.
No unpaid withdrawals. Operating expenses, as defined in Section 227
of the Banking Law, incurred and paid during the year, $4,012.56. Unpaid,
none.
No premium plan. Interest paid by borrowing members, 6 per cent. No
premium charged.
Loans have been made in Albany, Rensselaer and Schenectady counties,
New York State. Largest mortgage loan outstanding, $12,000. Mortgages
in force in New York State, $173,950. One foreclosure during the year.

COMMERCIAL UNION CO-OPERATIVE BANE.
No. 55 Maiden Lane, Albany, N. Y.
[Organized under Law of 1851.
Officers.
President
Secretary
Treasurer
Attorney

Commenced business 1891.]

Names.
Post-office addresses.
JOHN W A G N E R ............................................... Albany, N. Y.
FREDERICK C O O K ......................................... Albany, N. Y.
FREDERICK G. MICHEL.............................. Albany, N. Y.
HOWARD HENDRICKSON .......................... Albany, N. Y.
ASSETS.

Loans on bond and m ortgage............................................................
Loans on shares.....................................................................................
Real estate...............................................................................................




$93,049 17
977 00
9,700 00

53

A lbany C ounty.
Cash on hand and in bank..................................................................
Furniture and fixtures........................................................................
Interest, premium, fees and fines due and unpaid.....................
Advances for taxes, insurance, etc....................................................

$788
800
2,023
226

81
00

34
08

$107, 564 40
LIABILITIES.

Due shareholders, instalment shares .............................................
Due shareholders, savings shares......................................
Due shareholders, accumulative prepaid shares.........................
Due shareholders, income shares.....................................................
Dividends credited......................................... .'....................................
Borrowed money.’ ..................................................................................
Earnings undivided..............................................................................
Contingent fund (as per section 225 of Banking L a w )..........

$39, 980
41,308
647
1, 600
5,559
8,500
7,419
2,550

22
27
25
00
58
00
08
00

$107,564 40
RECEIPTS.

Cash on hand January 1, 1912......................................................
Dues on instalment sharescredited to members...........................
Dues on savings shares ....................................................................
Money borrowed ..................................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares repaid......................................................................
Fines received ......................................................................................
Interest received ................................................................................
Premium received ................................................................................
Rent rece iv e d ........................................................................................
Reverted dividends ..............................................................................

$1,101
11,702
20,187
3, 500
19,175
680
187
4,355
2,177
665
240

53
60
06
00
55
00
83
92
96
00
98

$63,974 43
d is b u r s e m e n t s .

Loaned on mortgage.........................................................................
Loaned on shares ................................................................................
Instalment dues repaid on withdrawal, or applied on loans..
Paid savings shares ..........................................................................
Paid income shares ...........................................................................
Dividends paid on withdrawal, or applied on loans...................
Cash dividends paid on income and accumulative prepaid
shares....................................................................................................
Paid matured shares .......................................................................
Paid borrowed money and prior mortgages...............................
Paid interest on borrowed money and prior mortgages............
Paid salaries and clerk-hire ............................................................
Paid advertising, printing and postage .......................................
Paid rent . , ........................................................................... . ............
Paid repairs to real estate................................................. ’. ...........
Paid taxes, insurance, etc...................................................................
Paid banking department, examination .......................................
Paid banking department, assessment...........................................
Advances for taxes, insurance, etc.................................................
Cash on hand, December 31, 1912...................................................

$9,200 00
335 00
7, 985 95
26, 388 39
1, 500 00
1,994 80
77 25
6 , 050 26
6 , 00 0 00

450
1, 559
287
546
38
592
58

09
97
28
64
93
33
00
8 91
I l l 82
788 81

$63, 974 43
Plan, permanent.
weekly.




Par value of shares, $100.

Instalments are 15 cents

54

R eport on S a y in g s a n d L o an A ssociations .

Shares in force January 1, 1912, 6,879; shares issued during the year,
1,496; shares withdrawn during the year, 1,545; shares in force, 6,830. Bor­
rowing members, 99, holding 839 shares; non-borrowing members, 600; hold­
ing 5,991 shares. Female shareholders, 222, holding 2,278 shares. Total
dividends credited members during the year on instalment shares, $1,712.05;
rate 4 per cent. Total dividends credited or paid in cash to members during
the year on other shares, $1,711.58; rate 4 per cent. Total dividends forforfeited by withdrawing members during the year, $240.98.
No unpaid withdrawals. Amount of shares matured during the year,
$6,050.26. Operating expenses, as defined in Section 227 of the Banking Law,
incurred and paid during the year, $2,393.89. Unpaid, none.
Premium plan, instalment. Interest paid by borrowing members, 5
per
cent. Premium paid by borrowing.members, 5 cents per share per week.
Loans have been made in Albany, Columbia, Essex, Gyeene, Onondaga,
Kennselaer, Saratoga, Schenectady and Schoharie counties, New York state.
Largest mortgage loan outstanding, $5,000. Mortgages in force in New York
State, $93,049.17. No foreclosures during the year.

y
5

PERMANENT SAVINGS AND LOAN ASSOCIATION OF ALBANY, N. Y.
No. 48 South Pearl street, Albany, N. Y.
[Organized under Law of 1851.
Officers.
P re sid e n t.................
Secretary ..................
Treasurer .................
Attorney ...................

Commenced business 1889.]

Names.
Post-office addresses.
HENRY SCHAFER ......................................... Albany. N. Y.
J. E. ALLAN8ON............................................... Albany, N. Y.
IRA PORTER ...................................................
Albany. N. Y.
EDWARD W. RANKIN....................................
Albany, N. Y.
ASSETS'.

Loans on bond and mortgage............................................................
Loans on shares..................................................................................
Real estate ...........................................................................................
Cash on hand and in bank................................................................
Advances for taxes, insurance, etc....................................................

$170,053
12.968
1.039
2,691
5

00
00

18
00
25

$186,756 43
LIABILITIES.

Due shareholders, instalment shares.................... ......................
Dividends credited ............................................................................
Balance to be paid borrowers on mortgage loans......................
Borrowed money ................................................................................
Earnings undivided ............................................................................
Contingent fund (as per section 225 of Banking L a w )............

$141,724
16,644
700
7,000
12,887
7,800

11

40
00
00
92
00

$186,756 43
RECEIPTS.

Cash on hand January 1, 1912........................................................
Dues on instalment shares credited to members.......................
Money borrowed .................................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares repaid......................................................................
Real estate sold.....................................................................................
Fines received .......................................................................................
Interest received .................................................................................
Rent received ........................................
Advances repaid ..................................................................................
Reverted dividends ................................................•
............................
Duplicate books ............................................. ; ...................................




$4,244
74,771
22,000
38,920
13,493
1,373
324
11,267
186
70
958
2

49
51
00
00
00
44
82
62
00
10
73
00

$167,611 71

A lban y C ounty.

55

DISBURSEMENTS

Loaned on mortgage............................................................................
Loaned on shares................................................................................
Instalment dues repaid on withdrawal, or applied on loans..
Dividends paid on withdrawal, or applied on loans...................
Paid matured shares ........................................................................
Paid borrowed money and prior mortgages...................................
Paid interest on borrowed money and prior mortgages..............
Paid for real estate...............................................................
Paid salaries and clerk-hire...........................................................
Paid advertising, printing and postage.......................................
Paid r e n t ...............................................................................................
Paid taxes, insurance, e tc ..................................................................
Paid banking department, examination .......................................
Paid banking department, assessment .........................................
Officers’ bonds ....................................................................................
Advances for taxes, insurance, etc...................................................
Cleaning office ....................................................................................
Teleph on e...............................................................................................
G a s ..........................................................................................................
Auditing committee ..........................................................................
S ta tio n e ry ................................................ '............................................
S u n d ries.................................................................................................
Cash on hand, December 31, 1912...................................................

$35,150 00
10,442 00
51,260.77
2,680 19
18,460 07
40,000 00
876 54
2,494 40
2,374 25
307 07
480 00
773
99 50
1478
34 00
75 35
60 00
30 86
9 00
30 00
11 05
23 15
2,691 00
$167,611 71

Plan, permanent. Par value of shares, $105. Instalments are 25 cents
weekly.
Shares in force January 1 , 1912, 7,210; shares issued during the year,
2,684; shares withdrawn during the year, 3,216; shares in force, 6,678.
Borrowing members, 133, holding 3,230 shares; non-borrowing members, 758,
holding 3,448 shares. Female shareholders, 445, holding 2,780 shares. Total
dividends credited members during the year on instalment shares, $7,103.91;
rate 6 per cent. Total dividends forfeited by withdrawing members during
the year, $958.73.
No unpaid withdrawals. Amount of shares matured during the year,
$18,460.07. Operating expenses, as defined in section 227 of the Banking
Law, incurred and paid during the year, $3,258.11. Unpaid, none.
No premium plan. Interest paid by borrowing members, 6 per cent. No
premium charged.
Loans have been made in Albany, Rensselaer, Columbia and Saratoga
counties, New York State. Largest mortgage loan outstanding, $3,500.
Mortgages in force in New York State, $170,053. Two foreclosures during
the year.
SAFETY BUILDING-LOAN AND SAVINGS ASSOCIATION OF THE CITY
OF ALBANY.
Room 12, Tweddle Building, Albany, N. Y.
[Organized under Law of 1851.
Officers.
P resid en t.................
Secretary ..................
Treasurer .................
Attorney ...................

Commenced business 1889.]

Names.
JOHN H. LYNCH................
EDWARD J. B. MURRAY.
JOHN J. GALLOGLY...........
ANDREW G. SEELMANN.

Post-office addresses.
Cor. Madison Av. & Church St.
256 Quail Street.
First National Bank.
68 State Street.

ASSETS.

Loans on bond and m ortgage............................................................
Loans on shares..................................................................................
Cash on hand and in bank................................................................




$258,850 00
30,874 50
102 81

56

R eport on S a v in g s a n d L o an A ssociations .

Furniture and fixtures........................................................................
Instalments due and unpaid............................................................
Interest, premium, fees and fines due and unpaid.......................
Advances for taxes, insurance, etc....................................................
Accrued interest, etc..........................................................................

$85
804
470
2,324
736

00

25
26
48
84

$294,248 14

LIABILITIES.

Due shareholders, instalment shares................................... •
.........
Dividends credited ...............................................................................
Balance to be paid borrowers on mortgage loans.......................
Borrowed money .................................................................................
Earnings undivided .............................................................................
Contingent fund (as per section 225 of Banking L a w )..........
Dues and interest paid in advance...............................................

$203,001
44,682
1,290
36,300
4, 862
3,878
233

00

48
28
00
51
26
61

$294,248 14
RECEIPTS.

Cash on hand January 1, 1912..........................................................
Dues on instalment shares credited to members.......... ................
Money borrowed .................................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares repaid......................................................................
Fees received .......................................................................................
Fines received .......................................................................................
Interest received .................................................................................
Advances repaid ...................................................................................
Reverted dividends ...............................................................................
Personal accounts ............................................................ ^
.................

$860
48,616
40,300
33,350
17,566
108
205
16,220
812
690
11, 031

96
50*
00
00
50
25
22

95
74
06
27

$169,762 45
DISBURSEMENTS.

Loaned on mortgage.............................................................................
Loaned on shares.................................................................................
Instalment dues repaid on withdrawal, or applied on loans..
Dividends paid on withdrawal, or applied on loans.....................
Paid matured shares ........................................................................
Paid borrowed money and prior mortgages.................................
Paid interest on borrowed money and prior mortgages..........
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage.......................................
Paid r e n t ...............................................................................................
Paid taxes, insurance, etc..................................................................
Paid banking department, examination .......................................
Paid banking department, assessment .........................................
Officers’ bonds .....................................................................................
State League dues and expenses......................................................
Interest and fines, overpayments....................................................
Legal fees .............................................................................................
Burglar insurance ...............................................................................
F u rn itu re ...............................................................................................
Personal accounts ................................................................................
Cash on hand, December 31, 1912....................................................




$68,600
20,354
16,373
2,299
21,300
26,400
2,062
371
142
90
1,255
52
19
20
26
4
3
26
113
10,144
102

00
00
75
78
00
00
92
88
64
98
03
00
32
00
00
27
00
25
08
74
81

$169,762 45

A lban y C ounty.

57

Plan, serial. Par value of shares, $200. Instalments are 50 cents semi­
monthly.
Shares in force January 1, 1912, 3,844%; shares issued during the year,
832% ; shares withdrawn during the year, 600; shares in force, 4,077.
Borrowing members, 269, holding 1,963% shares; non-borrowing members,
288, holding 2,113% shares. Female shareholders, 184, holding 1,246 shares.
Total dividends credited members during the year on instalment shares,
$13,574.19; rate 6 per cent. Total dividends forfeited by withdrawing
members during the year, $690.06.
No unpaid withdrawals. Amount of shares matured during the year,
$21,300. Entrance or membership fee, 25 cents per .share; not more than
$1 per member. Operating expenses, as defined in section 227 of the Banking
Law, incurred and paid during the year, $790.83. Unpaid, none.
No premium plan. Interest paid by borrowing members, 6 per cent. No
premium charged.
Loans have been made in Albany, Rensselaer and Schenectady counties,
New York State. Largest mortgage loan outstanding, $5,500. Mortgages
in force in New York State, $258,850. No foreclosures during the year.

WEST END SAVINGS AND LOAN ASSOCIATION.
No. 854 Madison avenue, Albany, N. Y.
[Organized under Law of 1851.

Commenced business 1889.]

Officers.
P resid en t.................

Names.
PETER K IN N E A R .................

Secretary ..................
Treasurer .................
Attorney ...................

LINNEUS H. BURDICK___
C. A. HOLLENBECK.............
WALTER E. WARD...............

Post-office addresses.
Cor. Delaware Avenue and
Whitehall Road.
455 Broadway.
88 Beaver Street.
78 State Street.

ASSETS.

Loans on bond and mortgage............................................................
Loans on shares....................................................................................
Real e s t a t e .............................................................................................
Cash on hand and in bank................................................................

$213,570
800
14, 900
1,649

00
00
00
05

$230,919 05
LIABILITIES.

Due shareholders, instalment shares...............................................
Dividends c re d ite d ................................................................................
Borrowed m o n e y ..................................................................................
Earnings undivided ............................................................................
Contigent fund (as per section 225 of Banking L a w ).................
Unearned or rebatable premium.....................................................

$181, 997
22, 950
3, 000
10 , 579
3, 850
8,541

75
65
00

60
00
05

$230,919 05
RECEIPTS.

Cash on hand January 1, 1912............................................................
Dues on instalment shares credited to members.......... ................
Money borrowed ..................................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares repaid........................................................................
Fees received ......................................................................................
Interest received ................................................................................
Premium receiv ed ................................................................................
Rent re ceiv ed ........................................................................................




$4, 144
101, 367
14,500
35,700
310
108
10, 140
539
1,269

59
40
00
00
00
50
95
85
61

58

R eport on S a y in g s a n d L oan A ssociations .

Fire loss .................................................................................................
Overdraft returned ...............................................................................
Real estate .............................................................................................

$2, 480 00
100 00
2 62
$170,663 52

DISBURSEMENTS.

Loaned on mortgage.............................................................................
Loaned on shares....................................................................................
Instalment dues repaid on withdrawal, or applied on loans..
Dividends paid on withdrawal, or applied on loans.....................
Paid borrowed money and prior mortgages...................................
Paid interest on borrowed money and prior mortgages............
Paid for real estate..............................................................................
Paid salaries and clerk-hire ..............................................................
Paid advertising, printing and postage...........................................
Paid rent ...............................................................................................
Paid repairs to real estate..................................................................
Paid taxes, insurance, e tc................................................................
Paid banking department, examination.......................................
Paid banking department, assessment.............................................
Officers’ bonds .......................................................................................
State League dues.................................................................................
S i g n ..........................................................................................................
Filing cabinet .......................................................................................
A t t o r n e y .................................................................................................
Fire loss .................................................................................................
Cash on hand December 31, 1912......................................................

$45, 360
1,110
85,313
7,593
23, 000
294
1,473
1, 200
199
247
152
358
101
17
24
6
16
37
30
2, 480
1,649

00
00
68
60
00
93
11
00
09
00
45
81
00
05
00
00
00
00
75
00
05

$170,663 52
Plan, permanent. Par value of shares, $105. Instalments are 25 cents
weekly.
Shares in force January 1, 1912, 6,223; shares issued during the year, 1,940;
shares withdrawn during the year, 1,169; shares in force, 6,994."
Borrowing members, 112, holding 2,034 shares; non-borrowing members,
716, holding 4,960 shares. Female shareholders, 327, holding 2,066 shares.
Total dividends credited members during the year on instalment shares,
$8,834.90; rate 6 per cent.
No unpaid withdrawals. Entrance or membership fee, 50 cents per mem­
ber. Operating expenses, as defined in section 227 of the Banking Law,
incurred and paid during the year, $1,729.84. Unpaid, none. Premium plan,
premium-interest. Interest paid by borrowing members, 6 per cent. Premium
paid by borrowing members, about % per cent.
Loans have been made in Albany, Greene, Rensselaer and Schenectady
counties, New York State. Largest mortgage loan outstanding, $11,655.
Mortgages in force in New York State, $213,570. No foreclosures during the
year.

ALLEGANY COUNTY.
ALFRED MUTUAL LOAN ASSOCIATION.
Main street, Alfred, N. Y.
[Organized under Law of 1851.
Officers.
P re sid e n t.................
Secretary ..................
Treasurer .................
Attorney ...................




F.
E.
E.
E.

Commenced business 1884.]

Names.
Post-office addresses.
A. CRUMB..................................................... Alfred, N. Y.
P. SAUNDERS.............................................
Alfred, N. Y.
A. GAMBLE.................................................. Alfred, N. Y.
E. HAMILTON.............................................
Alfred, N. Y.

ALLEGAN V

Cou A T Y .

59

ASSETS.

Loans on bond and mortgage..............................................................
Loans on shares....................................................................................
Contracts for the sale of real estate...............................................
Heal estate ............................................................................................
Cash on hand and in bank................................................................
Furniture and fixtures........................................................................
Instalments due and unpaid............................................................
Interest, premium, fees and finesdue and unpaid.........................
Advances for taxes, insurance, e tc .................................................
S ta tio n e ry ..............................................................................................

$169,578
16,500
3, 821
5, 179
4,026
199
575
827
19
67

65
00
14
OS
98
28
59
31
75
00

$200,794 78
LIABILITIES.

Due shareholders, instalmentshares.................................................
Dividends credited ............................................................................
"Earnings undivided ............................................................................
Contingent fund (as per section225 of B anking'L aw )................
Dues prepaid ........................................................................................
Interest prepaid ..................................................................................
Rent u n p a id ..........................................................................................

$156,861
40,670
539
2.610
95

00
15
38
00
75
6 00
12 50

$200,794 78

RECEIPTS.

Cash on hand January 1, 1912..........................................................
Dues on instalment shares credited to members...........................
Money borrowed ..................................................................................
Mortgages redeemed, foreclosed or transferred to real estate. ..
Loans on shares repaid........................................................................
Real estate sold....................................................................................
Fees received ........................................................................................
Fines received ......................................................................................
Interest received ................................................................................
Rent receiv ed ........................................................................................
Advances repaid ..................................................................................
Application deposits .........................................................................
Certificate of indebtedness................................................................
Expense repaid ....................................................................................
Profit on real estate sold.....................................................................
Reverted dividends..............................................................................
Real estate contracts............................................... ..........................

$784 91
30, 507 07
3, 800 00
24, 189 82
13,000 00
1, 837 01
94 77
223 83
11,364 88
501 00
1451
145 36
1,291 00
45 31
512 99
306 74
1,047 50
$89,666 70

DISBURSEMENTS.

Loaned on mortgage..................'.........................................................
Loaned on shares..................................................................................
Instalment dues repaid on withdrawal, or applied on loa n s.. .\
Dividends paid on withdrawal, or applied on loans.....................
Paid matured shares ..........................................................................
Paid borrowed money and prior mortgages.................................
Paid interest on borrowed money andprior mortgages...............
Paid for real e s t a t e ............................................................................
Paid salaries and clerk-hire..............................................................
Paid advertising, printing andpostage...........................................
Paid r e n t ................................................................................................




$20,400
17,200
10, 097
2, 349
26,800
.3, 800
47
728
540
185
50

00
00
56
87
00
00
84
00
00
68

50

60

R eport on S a y in g s a n d L oan A ssociations .

Paid repairs to real estate..................................................................
Paid taxes, insurance, e tc ....................................................................
Paid banking department, examination...........................................
Paid banking department, assessment.............................................
Officers’ bonds .......................................................................................
Advances for taxes, insurance, etc....................................................
State League dues.................................................................................
Application d ep osits.............................................................................
Contingent fund ...................................................................................
Commissions............................................................................................
Office and committee expense............................................................
Legal se rv ice s.........................................................................................
Recording f e e .........................................................................................
Foreclosure c o s t ....................................................................................
Interest lost on foreclosure ..............................................................
Protest fees ................................... : .................. ! ...............................
Real estate contracts.....................................................
Furniture and fixtures..........................................................................
Cash on hand December 31, 1912........................................................

$94'
116
45
14
20
26
6
152
72
149
58
26
6
132
52
1
2,461
4
4, 026

49
24
08
99
09
76
00
50
47
05
58
93
19
19
30
25
29
05
98

$89,666 70
Plan, serial. Par value of shares, $200. Instalments are $1 monthly.
Shares in force January 1, 1912, 2,410; shares issued during the year, 358;
shares withdrawn during the year, 279%; shares in force, 2,488%. Borrow­
ing members, 156, holding 1,051 shares; non-borrowing members, 286, holding
1,437% shares. Female shareholders, 208, holding 986% shares.
Total dividends credited members during the year on instalment shares,
$10,753.85; rate 5% per cent.
Total dividends forfeited by withdrawing members during the year, $306.74.'
Amount of filed and unpaid withdrawals December 31, 1912, $186.75. Amount
of shares matured during the year, $26,800. Entrance or membership fee, 25
cents per share. Operating expenses, as defined in section 227 of the Bank­
ing Law, incurred and paid during the year, $934.06. Operating expenses, as
defined in section 227 of the Banking Law, incurred during the year and re­
maining unpaid, $12.50. No premium plan. Interest paid by borrowing
members, 6 per cent. No premium charged.
Loans have been made in Allegany, Livingston and Steuben counties, New
Y ork State and in Texas. Largest mortgage loan outstanding $4,600. Mort­
gages in force in New York State, $168,078.65. One foreclosure during the
year.

BROOME COUNTY.
CO-OPERATIVE BUILDING AND LOAN ASSOCIATION OF BINGHAMTON,
NEW YORK.
Room 418 Security Mutual Life Building, corner Exchange and Court streets,
Binghamton, N. Y.
[Organized under Law of 1851.
Officers.
P resid e n t.................
Secretary . . ; ............
Treasurer .................
Attorney ...................




Commenced business 1886.]

Names.
H. D. WHITMARSH...............
BENJ. A. BAUMANN.............
CHAS>. D. MATTHEWS----HENRY C. OLMSTEAD.........

Post-office addresses.
122 Oak Street.
416 Security Mut. Life Bldg
132 State Street.
Binghamton Sav. Bank Bldg

B roome C o u n ty.

61

ASSETS.

Loans on bond and m ortgage..............................................................
Loans on shares....................................................................................
Cash on hand and in bank........ ! ................................................
Furniture and fixtures..........................................................................

$175,100
2,835
3, 896
285

00
00
91
96

$182,117 87
LIABILITIES.

Due shareholders, instalment shares.............................................
Due shareholders, income shares........................................................
Dividends credited ..............................................................................
Borrowed money ..................................................................................
Earnings undivided ............................................................................
Contingent fund (as per section 225 of Banking L a w )..............
Accrued interest ....................................................................................

$54,037
99,400
14, 253
8 , 020
3, 574
2,659
174

00
00
27
00
15
45
00

$182,117 87
RECEIPTS.

Cash on hand January 1, 1912........................................................
Dues on instalment shares credited to members..........................
Dues on income shares........................................................................
Money borrowed ..................................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares r e p a id ......................................................................
Fees received ........................................................................................
Fines re ce iv e d ........................................................................................
Interest received ..................................................................................
Premium received ..............................................................................
Reverted dividends ..............................................................................

$3, 152 13
13,001 14
20, 000 00
8,020 00
16,100 00
1, 905 00
87 50
93 40
9, 844 35
36 00
77 19
$72,316 71

DISBURSEMENTS.

Loaned on mortgage..............................................................................

$43, 300 00

L oaned on shares........................................................................................

1, 165 00

Instalment dues repaid on withdrawal, or applied on loa n s.. . .
Paid income shares............................................................................
Dividends paid on withdrawal, or applied on loans......................
Cash dividends paid on income and accumulative prepaid
sh a res..................................................................................................
Paid matured
shares................................................................
Paid borrowed money and prior mortgager:-.................................
Paid interest on borrowed money and prior mortgages..............
Paid salaries and clerk-hire...............................................................
Paid advertising, printing and postage.........................................
Paid r e n t ............................................................... ................................
Paid taxes, insurance, e tc ..................................................................
Paid banking department, examination.........................................
Paid banking department, assessment...........................................
Officers’ bonds ........ .'.........................................................................
Cash on hand December 31, 1912......................................................

2, 711 72
8 , 300 00
432 75
4, 376 90
3,401 70
3, 500 00
221 74
625 00
5 25
75 00
220 50
42 50
1174
30 00
3,896 91
$72,316 71

Plan, serial. Par value of shares, $200. Instalments are $1 monthly.
Shares in force January 1, 1912, 1,902; shares issued during the year, 467;
shares withdrawn during the year, 177; shares in force, 2,192. Borrowing
members, 131, holding 927 shares; non-borrowing members, 167, holding 1,265
.shares. Female shareholders, 107, holding 886 shares.




62

R eport on S a v in g s a n d L o an A ssociations .

Total dividends credited members during the year on instalment shares,
$3,274.22; rate 6 per cent.
Total dividends credited or paid in cash to members during the year on other
shares, $4,376.90; rate 5 per cent.
Total dividends forfeited by withdrawing members during the year, $77.19.
No unpaid withdrawals. Amount of shares matured during the year, $3,401,70.
Entrance or membership fee, 10 cents and 25 cents per share. Operating ex­
penses, as defined in section 227 of the Banking Law, incurred and paid during
the year, $735.25. Unpaid, none. Premijim plan, instalment. Interest paid
by borrowing members, 6 per cent. No premium charged.
Loans have been made in Broome county, New York State. Largest mort­
gage loan outstahding, $5,000. Mortgages in force in New York State,
$175,100. No foreclosures during the year.

HOME MUTUAL LOAN AND SAVINGS ASSOCIATION OF BINGHAMTON,
NEW YORK.
No. 81 Court street, Binghamton, N. Y.
[Organized
Officers.
President . : .............
Secretary ..................
Treasurer .................
Attorney ...................

under Law of 1851. Commenced business 1889.]
Names.
Post-office addresses.
C. P. RADEKER....................................... Binghamton, N. Y.
WILLIAM A. JOHNSON........................
Binghamton, N. Y.
J. W. STURTEVANT................................ Binghamton, N. Y.
M. E. PAG E................................................ Binghamton, N. Y.
ASSETS

Loans on bond and mortgage.......................
Loans on shares.. ............................................
Contracts for the sale of real estate..........
Real e s t a t e .......................................................
Cash on hand and in bank.............................
Furniture and fixtures...................................

$35,055
1,575
3,000
4,690
7, 078
210

43
00
00
95
46
30

$51,610 14
LIABILITIES.

Due shareholders, instalment shares...............................................
Dividends credited ...............................................................................
Due shareholders, paid up stock .......................................................
Earnings undivided .............................................................................
Contingent fund ( as persection 225 of Banking Law ) ..............
Contracts ...............................................................................................

$17, 153 16
2, 564 45
29,800 00
666 53
985 00
441 00
$51,610 14

RECEIPTS.

Cash on hand January 1, 1912..........................................................
Due on instalment shares credited to members......................
Money borrowed ...................................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares repaid......................................................................
Fees received .........................................................................................
Interest rece iv e d ..................................................................................
Premium re ceiv ed .................................................................................
Reverted d iv id en d s..............................................................................
Paid up stock .......................................................................................
Contracts ..............................................................................................
Judgment paid u p .................................................................................




$162
6,565
3, 000
16,373
550
5
2,564
15
1
1,100
115
587

67
03
00
53
00
00
01
60
57
00
00
50

$31,039 91

C attaraugus C o u n ty.

63

d is b u r s e m e n t s .

Loaned on mortgage............................................................................
Loaned on shares..................................................................................
Instalment dues repaid on withdrawal, or applied on loa n s.. . .
Dividends paid on withdrawal, or applied on loans....................
Cash dividends paid on income and accumulative prepaid
s h a r e s .................................................................................................
Paid matured shares ..........................................................................
Paid borrowed money and prior mortgages...................................
Paid interest on borrowed money and prior mortgages............
Paid salaries and clerk-hire ............................................................
Paid advertising, printing and postage.........................................
Paid taxes, insurance, etc..................................................................
Paid banking department, assessment...........................................
Officers’ bonds ......................................................................................
Dividends maturing shares................................................................
Tellers ....................................................................................................
Mortgage t a x ...............................................
Paid up stock ......................................................................................
Fire in su ran ce......................................................................................
Office ex p en se.............
Cash on hand December 31, 1912.....................................................

$3,842
1,550'
3, 362
506

00
00
17
87

1,506
1, 424
9, 000
190
40
3
12
4
12'
7
4
11
2, 400
16
68
7,078

27
29
00
00
00
00
75
34
50
26
00
00
00
95
08
46

$31,039 91
Plan, permanent. Par value of shares, $100, $200, $300 and $500. Instal­
ments are 25 cents weekly.
Shares in force January 1, 1912, 878; shares issued during the year, 184;
shares withdrawn during the year, 222; shares in force, 840. Borrowing
members, 27, holding 148 shares; non-borrowing members, 85, holding 602
shares. No record of female shareholders. Total dividends credited members
during the year on instalment shares, $853.40; rate 4% per cent, to 6 per
cent. Total dividends credited or paid in cash to members during the year
on other shares, $1,506.27; rate 4 per cent, to 5 per cent. Total dividends
forfeited by withdrawing members during the year, $1.57.
No unpaid withdrawals. Amount of shares matured during the year,
$1,424.29. Entrance or membership fee, 25 cents per share. Operating ex­
penses, as defined in section 227 of the Banking Law, incurred and paid dur­
ing the year, $157.28. Unpaid, none.
No premium plan. Interest paid by borrowing members, 5% per cent,
and 6 per cent. No premium charged.
Loans have been made in Broome county, New York State.
Largest mortgage loan outstanding, $3,500. Mortgages in force in New
York State, $35,055.43. No foreclosures during the year.

CATTARAUGUS COUNTY.
GOWANDA CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION.
No. 25 Main street, Gowanda, N. Y.
[Organized
Officers.
P resid en t.................
Secretary ..................
Treasurer .................
Attorney ...................




under Law of 1851. Commenced business 1889.]
Names.
Post-office addresses.
HENRY R. GAENSSLEN............................ Gowanda, N. Y.
FRANKLIN J. HERDEG............................ Gowanda, N. Y.
FRANKLIN J. HERDEG............................ Gowanda, N. Y.
FRED J. BLACKMON................................
Gowanda, N. Y.

64

R eport on S a y in g s a n d L o an A ssociations .
assets.

Loans on bond and m ortgage............................................................
Loans on shares___ •
.............................................................................
Stocks and bonds...................................................................................
Real e s t a t e .............................................................................................
Cash on hand and in hank................................................................
Furniture and fixtures........................................................................
Interest, premium, fees and fines due and unpaid......................
Accrued in te r e s t...................................................................................

$325, 304
19,861
19,825
3, 500
9, 354
850
812
2, 547

97
75
00
00
55
00
76
24

$382,046 27
LIABILITIES.

Due shareholders, instalment shares..............................................
Due shareholders, savings shares...................................................
Due shareholders, accumulative prepaid shares.........................
Due shareholders, income' shares......................................................
Dividends credited ..............................................................................
Borrowed m o n e y ...................................................................................
Earnings u n d iv id e d ............................................................................
Contingent fund (as per section 225 of Banking L a w )............
Salaries u n p a id .....................................................................................

$208,574
24,480
16,915
90, 000
24, 804
588
10, 013
6 , 500
170

75
74
00
00
39
26
13
00
00

$382,046 27
RECEIPTS.

Cash on hand January 1, 1 9 1 2 ...’................................................
Dues on instalment sharescredited to members...........................
Dues on savings shares......................................................................
Dues on accumulative prepaid shares...........................................
Dues on income shares......................................................................
Money borrowed ..................................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares repaid......................................................................
Fees r e ce iv e d .........................................................................................
Fines received .......................................................................................
Interest receiv ed ..................................................................................
Bent rece iv e d .........................................................................................
Reverted div id en d s..............................................................................
Appraisal fees repaid........................................................................

$7,127
81,933
54,573
9, 605
83, 300
13, 200
50, 457
24, 088
569
55
19, 025
336
488
50

19
25
06
00
00

00
07
00
00
87
39
00
70
50

$344, 809' 03
DISBURSEMENTS.

Loaned on m o rtg a g e .............................................................................
Loaned on shares .................................................................................
Instalment dues repaid on withdrawal, or applied on lo a n s .. ..
Paid savings sh a re s.............................................................................
Paid accumulative prepaid shares..................................................
Paid income shares .............................................................................
Dividends paid on withdrawal, or applied on loans.............. .. .
Cash dividends paid on income and accumulative prepaid
sh a r e s ..................................................................................................
Paid borrowed money and prior mortgages.................................
Paid interest on borrowed money and prior mortgages............
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage.........................................
Paid r e n t .................................................................................................
Paid repairs to real estate................................................................




$133, 83®
24,125
6 6 , 402
44, 674
2,125
27, 800
11,598

44
25
25
52
00
00
75

L 854
19,791
768
1,342
143
22
94

20
28
51
00
53
50
69

65

C attaraugu s C o u n ty.
Paid taxes, insurance, etc..................................................................
Paid banking department,examination...........................................
Paid banking department,assessment..............................................
State League dues................................................................................
Adding machine ..................................................................................
B o o k s ......................................................................................................
Telephone ...............................................................................................
Steel ca b in et..........................................................................................
Light and fu el......................................................................................
Night w a tc h ..........................................................................................
Express ..................................................................................................
S p rin k lin g ..............................................................................................
Office supplies ......................................................................................
Appraisal f e e s ......................................................................................
Cash on hand December 31, 1912.....................................................

$132 57
52 00
22 42
6 00
250 O
O
103 55
33 05
62 50
83 24
7 00
4 10
4 12
52 29
65 72
9,354 55
$344,809 03

Plan, permanent. Par value o f shares, $125. Instalments are 25 cents
weekly.
Shares in force January 1, 1912, 6,230; shares issued during the year,
2,278; shares withdrawn during the year, 2,122; shares in force, 6,386.
Borrowing members, 210, holding 1,730 shares; non-borrowing members, 938,
holding 4,656 shares. Female shareholders, 485, holding 2,216 shares. Total
dividends credited members during the year on instalment shares, $12,188.80;
rate, 6/30 per cent. Total dividends credited or paid in cash to members dur­
ing the year on other shares, $1,854.20; rate, 4% per cent, and 3 per cent.
Total dividends forfeited by withdrawing members during the year, $488.70.
No unpaid withdrawals. Amount of shares matured during the year,
$43,886.50. Entrance or membership fee, 25 cents per share. Operating ex­
penses, as defined in section 227 of the Banking Law, incurred and paid dur­
ing the year, $1,879.10. Operating expenses, as defined in section 227 of the
Banking Law, incurred during the year and remaining unpaid, $170.
Premium plan, instalment. Interest paid by borrowing members, 6 per
cent. Premium paid by borrowing members,
cents per share per week.
Loans have been made in Cattaraugus, Chautauqua and Erie counties, New
York State. Largest mortgage loan outstanding, $8,400. Mortgages in force
in New York State, $325,304.97. One foreclosure during the year.

2
%

OLEAN BUILDING, LOAN AND SAVINGS ASSOCIATION.
No. 109 North street, Olean, N. Y.
[Organized under Law of 1851.
Officers.
P resid en t.................
Secretary ..................
Treasurer .................
Attorney ...................

Commenced business 1892.]

Names.
Post-office addresses.
N. V. V. FRANCHOT......................................... Olean, N. Y.
F. Y. R. STILLMAN........................................... Olean, N. Y.
ALLAN B. WILLIAMS....................................... Olean, N. Y.
CREIGHTON S. ANDREWS............................ Olean, N. Y.
ASSETS.

Loans on bond and mortgage..........................................................
Loans on shares..................................................................................
Contracts for the sale of real estate...............................................
Cash on hand and in bank................................................................
Advances for taxes, insurance, etc....................................................
County clerk ........................................................................................

$50, 200
2,560
1,558
6,350
16
10

00
90
00
33
19
77

$60,696 19

3




66

R eport on S a v in g s a n d L oan A ssociations .
LIABILITIES

Due shareholders, instalment shares ............................................
Due shareholders, income shares ....................................................
Dividends credited ..............................................................................
Earnings undivided ............................................................................
Contingent fund (as per section 225 of Banking L a w )..........

$43,077
7,850
7 , 173
645
1,950

30
00
43

46
00

$60,696 19
RECEIPTS.

Cash on hand January 1, 1912......................................................
Dues on instalment sharescredited to members...........................
Dues on income shares ....................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares repaid......................................................................
Interest received .................................................................................
Premium received ..............................................................................
Advances repaid ...................................................................................
Reverted dividends ............................................................................
Transfer fees .........................................................................................
C o n tra cts...............................................................................................

$2,353
28,384
5,700
27, 875
1,659
3,118
944
6

82
75
00
00
80
34
58
67
33
50

56
' 1
138 00

$70,238 79
DISBURSEMENTS.

Loaned on mortgage............................................................................
Loaned on shares................................................................................
Instalment dues repaid on withdrawal, or applied on loans..
Paid income shares............................................................................
Dividends paid on withdrawal, or applied on loans...................
Cash dividends paid on income and accumulative prepaid
s h a r e s ...........................................................' .....................................
Paid matured shares ........................................................................
Paid salaries and clerk-hire............................................................
Paid advertising, printing and postage.......................................
Paid r e n t .....................................
Paid taxes, insurance, etc................................. 1..............................
Paid banking department, examination .......................................
Paid banking department, assessment .........................................
Mortgage tax .......................................................................................
County clerk ..............................
R e co rd in g ...............................................................................................
Cash on hand, December 31, 1912....................................................

$10,500 00
3,133 50
28,164 04
9,100 00
1,433 46
515
9, 715
937
152
120
12
27
5
50
1
18
6,350

44
64
50
99
00
47
00
52
50
70
70
33

$70,238 79
Plan, permanent. Par value of shares, $100. Instalments are 20 cents
weekly.
Shares in force January 1, 1912, 1,884; shares issued during the year, 402;
shares withdrawn during the year, 606; shares in force, 1,680. Borrowing
members, 47, holding 502 shares; non-borrowing members, 285, holding 1,178
shares. Female shareholders, 153, holding 705 shares. Total dividends
credited members during the year on instalment shares, $2,572.82; rate 6
per cent. Total dividends credited or paid in cash to members during the
year on other shares, $515.44; rate 3% per cent. Total dividends forfeited
by withdrawing members during the year, $56.33.
No unpaid withdrawals.
Amount of shares matured during the year,
$9,715.64. Operating expenses, as defined in section 227 of the Banking Law,
incurred and paid during the year, $1,229.19. Unpaid, none.




67

C attaraugus C o u n ty.

Premium plan, instalment. Interest paid by borrowing members, 10 cents
per share per week. Premium paid by borrowing members, 15 cents per
share per month.
Loans have been made in Cattaraugus county, New York State. Largest
mortgage loan outstanding, $6,000. Mortgages in force in New York State,
$50,200. No foreclosures during the year.

SALAMANCA LOAN AND BUILDING ASSOCIATION.
No. 5 Maple street, Salamanca, N. Y.
[Organized under Law of 1851.
Officers.
P resid en t.................
Secretary ...................
Treasurer .................
Attorney ...................

Commenced business 1882.]

Names.
Post-office addresses.
AUGUST SEITZ........................................... Salamanca, N. Y.
JOHN HOAG...............................................
Salamanca, N. Y.
E. F. HOY.....................................................
Salamanca, N. Y.
HUDSON A N S L E Y ....................................
Salamanca, N. Y.
ASSETS.

Loans on bond and mortgage............................................................
Cash on hand and in bank................................................................
Furniture and fixtures........................................................................
Advances for taxes, insurance, etc.................................................
Attorney fees advanced......................................................................
S u n d ries.................................................................................................

$480,025
2,243
100
69
54
83

00
38
00
75
25
09

$482,575 47
LIABILITIES.

Due shareholders, instalment shares.............................................
Dividends credited ............................................................................
Due shareholders, matured shares...................................................
Balance to be paid borrowerson mortgage loans...........................
Borrowed money ................................................................................
Earnings undivided ..........................................................................
Contingent fund (as per section 225 of Banking Law ) ..........
Unearned or rebatable premium...................................................
Orders drawn, but not paid..............................................................

$349, 088
56,871
250
1,200
54,811
1 ,42£
2, 264
15,548
1,118

46
40
00
00
25
.38
88

56
54

$482,575 47
RECEIPTS.

Cash on hand January 1, 1912........................................................
Dues on instalment shares credited to members..........................
Money borrowed ..................................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Fines received ........................
Interest received ................................................................................
Premium received ..............................................................................
Reverted dividends ............................................................................
Orders drawn but not paid................................................................

$3,817
113,417
101,776
82,625
333
23,133
5,160
581
1,118

91
76
71
00
83
16
00
80
54

$331,964 71
DISBURSEMENTS.

Loaned on mortgage............................................................................
Instalment dues repaid on withdrawal, or applied on loa n s..
Dividends paid on withdrawal, or applied on loans...................
Paid matured shares ........................................................................
Paid borrowed money and prior mortgages........ ........................
Paid interest on borrowed money and prior mortgages..........




$87,325
111,533
24,496
750
100,600
3,399

00
84
64
00
00
53

68

R eport on S a v in g s a n d L oan A ssociations .

Paid salaries and clerk-hire..............................................................
Paid r e n t ...............................................................................................
Paid taxes, insurance, etc................................................................
Paid banking department, examination .......................................
Paid banking department, assessment .........................................
Advances for taxes, insurance, e tc ....................................................
Postage ...................................................................................................
G a s ..........................................................................................................
P r in t in g ..............................................................
T eleph on e..........................................................................
Attorney fees . . . 1..............................................................................
In cid en tals.............................................................................................
L e d g e rs..........................................................................
S u n d ries.................................................................................................
Cash on hand, December 31, 1912....................................................

$1,000
158
13
66
36
69
14
21
34
15
54
29
32
71
2,243

00
00
50
70
25
75
22
60
55
00
25
21
25
04
38

$331,964 71
Plan, serial. Par value of shares, $125. Instalments are 25 cents weekly.
Shares in force January 1, 1912, 7,777; shares issued during the year,
1,787; shares withdrawn during the year, 1,246; shares in force, 8,318.
Borrowing members, 485, holding 3,708 shares; non-borrowing members, 792,
holding 4,610 shares. Female shareholders, 619, holding 3,009 shares. Total
dividends credited members during the year on instalment shares, $19,837.28;
rate 6 % per cent. Total dividends forfeited by withdrawing members during
the year, $581.80.
No unpaid withdrawals. Operating expenses, as defined in section 227 of
the Banking Law, incurred and paid during the year, $1,304.83. Unpaid,
none.
Premium plan, gross. Interest paid by borrowing members, 6 per cent.
Premium paid by borrowing members, 6 per cent.
Lqans have been made in Cattaraugus county, New York State. Largest
mortgage loan outstanding, $25,000. Mortgages in force in New York State,
$480,025. No foreclosures during the year.

CHAUTAUQUA COUNTY.
DUNKIRK SAVINGS AND LOAN ASSOCIATION.
No. 229 Central avenue, Dunkirk, N. Y.
[Organized under Law of 1851.
Officers.
President
Secretary

Treasurer

Attorney

Commenced business 1889.]

Names.
WILLIAM BOOKSTAVER . . .
GEORGE A. BAUSUM...............
JAMES M. MADIGAN...............
WILLIAM BOOKSTAVER . . .

Post-office addresses.
229 Central Avenue.
Lake Shore National Bank.
Merchants’ National Bank.
229 Central Avenue.

ASSETS.

Loans on bonds and mortgage............................................................
Loans on s h a r e s ..................................................................................
'Real estate
................................................................
Cash on h a n d and in bank................................................................




$168, 950
400
L 908
23, 274

00
00
69
49

$194,533 18

Chautauqua

C ounty.

69

LIABILITIES.

Due shareholders, instalment shares................................................
Dividends credited ...............................................................................
Balance to be paid borrowers on mortgage loans...........................
Earnings undivided ............................................................................
Contingent fund (as per section 225 of Banking D a w )..........

$173,942
15, 548
176
2, 315
2,551

18
05
58
32
05

$194,533 18
RECEIPTS.

Cash on hand January 1,1912 ..........................................................
Dues on instalment sharescredited to members.........................
Mortgages redeemed, foreclosed or transferred to real estate. .
Loans on shares repaid......................................................................
Real estate sold ..................................................................................
Fees received .........................................................................................
Fines received ......................................................................................
Interest received ................................
Rent received .......................................................................................
Advances repaid ..................................................................................
Reverted dividends ............................................................................

$4,106 97
84,183 37
25,100 00
100 00
400 00
567 50
336 88
9,046 18
40 00
28 25
535 76
$124,444 91

DISBURSEMENTS.

Loaned on mortgages ........................................................................
Loaned on shares................................................................................
Instalment dues repaid on withdrawal, or applied on loa n s..
Dividends paid on withdrawal, or applied on loans...................
Paid for real estate ............................................................................
Paid salaries and clerk-hire ............................................................
Paid advertising, printing and postage ........................................
Paid r e n t ...............................................................................................
Paid taxes, insurance, etc....................................................................
Paid banking department, examination.........................................
Paid banking department, assessm ent...........................................
Advances for taxes, insurance, etc...................................................
State League dues ..............................................................................
Vault rent ..........................................................................................
Lights and cleaning office ................................................................
Roll book, etc..........................................................................................
Attorney f e e s ........................................................................................
Cash on hand, December 31, 1912....................................................

$32, 823
350
60,242
6 , 346
371
800
7
75
25
30
12

18
5
20

9
20
10
23,274

42
00

51
86

67
00

80
00
94
12
69
05
50
00
96
90
00
49

$124,444 91
Plans, serial. Par value of shares, $100. Instalments are 25 cents weekly.
Shares in force January 1, 1912, 5,086; shares issued during the year,
2,210; shares withdrawn during the year, 1,366; shares in force, 5,930. Bor­
rowing members, 255, holding 1,587 shares; non-borrowing members, 1,089,
holding 4,343 shares. Female shareholders, 632, holding 2,830 shares. Total
dvidends credited members during the year on instalment shares, $8,707.65;
rate, 5/46 per cent. Total dividends forfeited by withdrawing members during
the year, $535.76.
No unpaid withdrawals. Entrance or membership fee, 25 cents per share.
Operating expenses, as defined in Section 227 of the Banking Law, incurred
and paid during the year, $949.16. Unpaid, none.
No premium plan. Interest paid by borrowing members, 10 cents per share
per week. No premium charged.




70

R eport on S a v in g s a n d L oan A ssociations .

Loans have been made in Chautauqua county, New York State. Largest
mortgage loan outstanding, $5,000. Mortgages in force in New York State,
$108,950. No foreclosures during the year.

LAKE SHORE SAVINGS AND LOAN ASSOCIATION.
No. 18 East Second street, Dunkirk, N. Y.
[Organized under Law of 1851.
Officers.
P re sid e n t...................
Secretary ...................
Treasurer .................
Attorney ...................

Commenced business 1891.]

Names.
JOHN W. O’BRIEN.....................
JOHN J. MADIGAN....................
T. D. LUNT. . ................................
J, L. HURLBURT.......................'

Post-office addresses
Dunkirk.
113 West Fourth Street.
L. Shore National Bank.
18 East Second Street.

ASSETS'.

Loans on bond and mortgage............................................................
Cash on hand and in bank................................................................
Advances for taxes, insurance, etc...................................................
Accrued interest ...................................................................................

$164, 158
14,329
14
137

64
70
80
58

$178,640 72
LIABILITIES.

Due shareholders, instalment shares................................................
Dividends credited ...............................................................................
Balance to be paid borrowers on mortgage loans.........................
Earnings undivided ............................................................................
Contingent fund (as per section 225 of Banking L a w )............
Individual accounts ............................................................................

$146,717
26, 798
1,000
1, 685
2, 153
285

34
30
00
36
75
97

$178, 640 72
RECEIPTS.

Cash on hand January 1, 1912..........................................................
Dues on instalment sharescredited to members............................
Mortgages redeemed, foreclosed ortransferred to real estate..
Fees received .........................................................................................
Fines received .......................................................................................
Interest r e ce iv e d ...................................................................................
Advances repaid ...................................................................................
Individual accounts .............................................................................

$5, 414 65
38,015 83
31,855 52
221 50
216 37
8 , 328 65
20 70
129 00
$84,202 22

DISBURSEMENTS.

Loaned on mortgage .......... ................................................................
Instalment dues repaid on withdrawal, or applied on loans..
Dividends paid on withdrawal, or applied on loans...................
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage........................................
Paid r e n t ................................................................................................
Paid banking department, examination ......................................
Paid banking department, assessment .........................................
Advances for taxes, insurance, etc..................................................
State League dues ............................. .................................................
Individual accounts .............................................................................
Cash on hand, December 31, 1912....................................................




$32, 700
30,482
6 , 054
460

00
90
99
00
11 90
65 00
39 50
1273
5 00
5 50
35 00
14,329 70

$84,202 22

C hautauqua

C ounty.

71

Plan, permanent-serial. Par value of shares, $100. Instalments are 10
cents weekly.
Shares in force January 1, 1912, 6,661; shares issued during the year,
2,215; shares withdrawn during the year, 1,592; shares in force, 7,284.
Borrowing members, 123, holding 2,618 shares; non-borrowing members, 302,
holding 4,666 shares. Female shareholders, 55, holding 2,007 shares. Total
dividends credited members during the year on instalment shares, $8,006.84;
rate
per cent.
No unpaid withdrawals. Entrance or membership fee, 10 cents per share.
Operating expenses, as defined in Section 227 of the Banking Law, incurred
and paid during the year, $542.40. Unpaid, none.
No premium plan. Interest paid by borrowing members, 5
per cent.
No premium charged.
Loans have been made in Chautauqua county, New York State. Largest
mortgage loan outstanding, $9,020. Mortgages in force in New York State,
$164,158.64. No foreclosures during the year.

5
%

y
5

SILVER CREEK CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION.
No. 10 East Dunkirk street, Silver Creek, N. Y.
[Organized under Law o f 1894.
Officers.
P resid en t.................
Secretary .................. '
Treasurer .................
Attorney ...................

Commenced business 1909.]

Names.
Post-office addresses.
C. S. HOLMES.............................................
Sliver Creek, N. Y.
W. J. BRAND............................................. Silver Creek, N. Y.
HOWARD M. MONTGOMERY.................. Silver Creek, N. Y.
FRANK L. SMITH..................................... Silver Creek, N. Y.
ASSETS

Loans on bond and m ortgage.......................
Loans on shares...............................................
Cash on hand and in hank...........................

$27,825 00
135 00
1,590 19
$29,550 19

LIABILITIES.

Due shareholders, instalmentshares ..............................................
Due shareholders, accumulative prepaid shares.........................
Dividends credited ............................................................................
Borrowed money ................................................................................
Earnings undivided ............................................................................
Contingent fund (as per section 225 of Banking L a w )..............

$22,371
4, 600
902
1,000
596
79

00
00
68

00
83
68

$29,550 19
RECEIPTS.

Cash on hand January 1, 1912........................................................
Dues on instalment shares credited to members.......................
Dues on accumulative prepaid shares...........................................
Money borrowed ..................................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares repaid......................................................................
Fees received .......................................................................................
Fines received ......................................................................................
Interest received ................................................................................




$382 83
14,802 23
5,700 00
2,000 00
2, 450'00
75 00
126 25
14 44
1,442 50

$26,993 25

72

R eport on S a v in g s a n d L oan A ssociations .
DISBURSEMENTS.

Loaned on mortgage............................................................................
Loaned on sh ares.................................................................................
Instalment dues repaid on withdrawal, or applied on lo a n s .. . .
Paid accumulative prepaid shares....................................................
Dividends paid on withdrawal, or applied on loans...................
Cash dividends paid on income and accumulative prepaid
s h a r e s ..................................................................................................
Paid borrowed money and prior mortgages...............................
Paid interest on borrowed money and prior mortgages..........
Paid salaries and clerk-hire................................
Paid advertising, printing and postage.......................................
Paid banking department, examination .......................................
Paid banking department, assessment .........................................
Officers’ bonds .....................................................................................
Recording mortgages ........................................................................
Mortgage taxes ...................................................................................
Electric lights ......................................................, ...........................
Cash on hand, December 31, 1912....................................................

$9,516
75
9,058
2 , 900
335

24
00

48
00

91

131 25
3,000 00
125 99
171 00
318
20 04
1 79
16 00
851
36 50
3 17
1,590 19‘
$26,993 25

Plan, permanent. Par value of shares, $100. Instalments are 25 cents
weekly.
Shares in force January 1 , 1912, 914; shares issued during the year, 558;
shares withdrawn during the year, 414; shares in force, 1,058. Borrowing
members, 18, holding 219 shares; non-borrowing members, 174, holding 839
shares.
Female shareholders, 49, holding 266 shares.
Total dividends
credited members during the year on instalment shares, $803.29; rate 6*4
per cent. Total dividends credited or paid in cash to members during the
year on other shares, $131.25; rate 5 per cent.
No unpaid withdrawals. Entrance or membership fee, 25 cents per share.
Operating expenses, as defined in section 227 of the Banking Law, incurred
and paid during the year, $193.35. Unpaid, none.
No premium plan. Interest paid by borrowing members, 5
per cent.
No premium charged.
Loans have been made in Chautauqua county, New York State. Largest
mortgage loan outstanding, $5,000. Mortgages in force in New York State,
$27,825. No foreclosures during the year.

y
5

CHEMUNG COUNTY.
CHEMUNG VALLEY MUTUAL LOAN ASSOCIATION.
No. 121 East Church street, Elmira, N. Y.
[Organized under Law of 1851.
Officers.
P re sid e n t.................
Secretary ...................
Treasurer .................
Attorney ...................

Commenced business 1875.
Law o f 1894.]

Names.
CLAY W. HOLMES.........................
GEORGE H. DAVIDSON..............
MILTON Y. SMITH........................
CASSIUS A. PH ILLIPS................

Reorganized under

Post-office addresses.
410 W. Gray Street.
121 East Church Street.
Second National Bank.
511 Robinson Bldg.

ASSETS.

Loans on bond and m ortgage............................................................ $1,148,896 99
Loans on shares.....................................................................................
74,500 00
Real estate ...........................................................................................
13,228 68




Chem ung C ounty.
Cash on hand and in bank..................................................................
Furniture and fixtures........................................................................
Instalments due and unpaid............................................................
Interest, premium, fees and fines due and unpaid...................
Advances for taxes, insurance, etc..................................................

73
$27, 175
1,339
2,420
5,886
1,194

79

65
86

24
68

$1,274,642 89
LIABILITIES.

Due shareholders, instalment shares ...........................................
Due shareholders, income shares ............................................. ...
Due shareholders, juvenile savings shares...................................
Dividends credited ............................................................................
Due shareholders, matured shares...................................................
Borrowed money ................................................................................
Earnings undivided ..........................................................................
Contingent fund (as per section225 of Banking L a w )................
Dues and interest prepaid................................................................

$746,006
300,300
15,766
154, 853
400
35,000
3,483
16,314
2,519

00
00
49
02
00
00

03
85
50

$1,274,642 89
RECEIPTS.

Cash on hand January 1, 1912......................................................
Dues on instalment shares credited to members.........................
Dues on income shares ....................................................................
Dues on juvenile savings shares......................................................
Money borrowed ..................................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares repaid......................................................................
Fees received ......................................................................................
Fines received ......................................................................................
Interest received ................................................................................
Rent received ......................................................................................
Advances repaid ................................................................................
Juvenile banks sold............................................................................

$12,015
180,364
108,500
8 , 866
50,950
123,034
51,350
947
665
61,801
1,899
503
16

48
06
00

64
00
97
00
25
20

17
89
33
00

$600,913 99
DISBURSEMENTS.

Loaned on mortgage............................................................................
Loaned on sh ares................................................................................
Instalment dues repaid on withdrawal, or applied on loa n s..
Paid income shares ............................................................................
Paid juvenile savings shares............................................................
Dividends paid on withdrawal, or applied on loans.....................
Cash dividends paid on income and accumulative prepaid
sh a r e s .................................................................................................
Paid matured shares ........................................................................
Paid borrowed money and prior mortgages...............................
Paid interest on borrowed money and prior mortgages..........
Paid salaries and clerk-hire............................................................
Paid advertising, printing and postage.......................................
Paid r e n t ...............................................................................................
Paid repairs to real estate.......................................................
Paid taxes, insurance, etc..................................................................
Paid banking department, assessment...........................................
Advances for taxes, insurance, etc.................................................
Sundry expenses ...............................................................................
Appraisal fees ......................................................................................




$177,184
54,500
65,148
80,300
4,041
9,472
10,489
90,600
74,950
1,393
3,048
141
700
74
209
91
824
231
210

68
00

06
00
70
39
86

00
00
64
00
67
00

80
71
29
09
35
00

74

R eport on S a v in g s a n d L o an A ssociations .

Office supplies .......................................................................................
Furniture arid fixtures........................................................................
Cash on hand, December 31, 1912....................................................

$110 00
16 96
27,175 79
$600,913 99

Plan, serial. Par value of shares, $200. Instalments are $1 monthly.
Shares in force January 1, 1912, 13,665; shares issued during the year,
2,713; shares withdrawn during the year, 1,866; shares in force, 14,512.
Borrowing members 954, holding 7,824 shares; non-borrowing members, 800,
holding 6,688 shares. Female shareholders, 855, holding 5,335 shares. Total
dividends credited members during the year on instalment shares, $43,639.85;
rate, 5% per cent. Total dividends credited or paid in cash to members
during the year on other shares, $11,977.56; rate 4 per cent. Total dividends
forfeited by withdrawing members during the year, $1,040.53.
Amount of filed and unpaid withdrawals December 31, 1912, $400. Amount
of shares matured during the year, $90,600. Entrance or membership fee,
25 cents per share. Operating expenses, as defined in section 227 of the
Banking Law, incurred and paid during the year, $4,457.98. Unpaid, none.
Premium plan, gross. Interest paid by borrowing members, 5/1 per cent.
No premium charged.
Loans have been made in Chemung county, New York State. Largest
mortgage loan outstanding, $25,000. Mortgages in force in New York State,
$1,148,896.99. One foreclosure during the year.

ELMIRA CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION.
No. 157 Lake street, Elmira, N. Y.
[Organized under Law of 1887.

Commenced business 1888.]

Officers.
Names.
Post-office addresses.
P r e s id e n t .................... HENRY L. ROSENBAUM................................. Elmira, N. Y.
Secretary ................... HENRY M. CLARKE........................................ Elmira, N. Y.
HENRY M. CLARKE........................................ Elmira, N. Y.
Treasurer .................
Attorney ...................
HERSCHEL L. GARDNER.............................. Elmira, N. Y.
ASSETS.

Loans on bond and mortgage...................................
Loans on shares............................................................
Stocks and bonds.......... ‘............. .................................
Contracts for the sale of real estate.......................
Real estate ....................................................................
Cash on hand and in bank..........................................
Furniture and fixtures................................................
Instalments due and unpaid.....................................
Interest, premium, fees and fines due and unpaid
Advances for taxes, insurance, etc.........................

$328,250
25,300
4,675
267
1, 700
5,698
350
2,197
3,175
44

00
00
00
75
00
15
00
00

00
10

$371,657 00

LIABILITIES.

Due shareholders, instalment shares................................................
Due shareholders, income .shares......................................................
Due shareholders, juvenile savings shares...................................
Dividends credited ............................. .................................................
Balance to be paid borrowers on mortgage loans.......................




$227, 389
63, 600
4,651
40, 957
1,1 0 0

00

00
88

95
00

Chem ung C ounty.
Borrowed m o n e y ..................................................................................
Earnings undivided ............................................................................
Contingent fund (as per section 225 of Banking L a w )...............

75$26, 500 00
2,911 24
4, 546 93
$371, 657 00

RECEIPTS.

Cash on hand January 1, 1912...........................................................
Dues on instalment shares credited to members...........................
Dues on income shares...............................................
Dues on juvenile savings shares...................................................
Money borrow ed ....................................................................................
Mortgages redeemed, foreclosed or transferred to real estate. . .
Loans on shares repaid......................................................................
Real estate sold....................................................................................
Fees received .......................................................................................
Fines r eceiv ed ...................................................
Interest received ................................................................................
Rent r eceiv ed ........................................................................ , ..............
Advances repaid ..................................................................................
Real estate contracts ..........................................................................
Sale of juvenile banks........................................................................
Bonds sold .............................................................................................

$1,554 38
54, 395 00
21,400 00
1,212 83
60, 000 00
24, 050 00
33,075 00
1,350 00
157 25
136 72
17, 795 50
212 00
18 00
160 00
22 00
7, 216 25
$222,754 93

DISBURSEMENTS.

Loaned on mortgage............................................................................
Loaned on shares...................................................................................
Instalment dues repaid on withdrawal, or applied on lo a n s .. . .
Paid income shares ............................................................................
Paid juvenile savings shares ............................................................
Dividends paid on withdrawal, or applied on loans.......................
Cash' dividends paid on income and accumulative prepaid
sh a res..................................................................................................
Paid matured shares ..........................................................................
Paid borrowed money and prior mortgages...................................
Paid interest on borrowed money and prior mortgages..........
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage.........................................
Paid r e n t ................................................................................................
Paid repairs to real estate..................................................................
Paid taxes, insurance, etc....................................................................
Paid banking department, assessment...........................................
Officers’ b o n d s ........................................................................................
Advances for taxes, insurance, etc....................................................
State League dues and expenses........................................................
Telephone ..............................................................................................
Books and stationery............................................................................
Attorney fees ........................................................................................
Appraisers’ fees . . ; ..............................................................................
Sundries..................................................................................................
Juvenile banks redeemed......................................................................
Cash on hand December 31, 1912.......................................................

$48, 900
16,700
37, 715
26,400
1, 647
4, 848
2, 754
24,400
50, 500
1,008
1,412
124
150
9
77
27
20
62
27
24
47
35
108
19
37
5,698

00
00
00
00
12
70
83
00

00
00
00
31
00
77
92
89
00
10
00
25
25
80
00
84
00
15

$222,754 93
Plan, serial. Par value of shares, $200. Instalments are $1 monthly.
Shares in force January 1, 1912, 5,535; shares issued during the year, 906;
shares withdrawn during the year, 1,255; shares in force, 5,186. Borrowing




76

R eport on S a v in g s a n d L o an A ssociations .

members, 181, holding 2,218 shares; non-borrowing members, 592, holding
2,968 shares. Female shareholders, 267, holding 1,630 shares.
Total dividends credited members during the year on instalment shares,
$11,772.54; rate, 4% per cent.
Total dividends credited or paid in cash to members during the year on other
shares, $2,836.13; rate 4 per cent.
Total dividends forfeited by withdrawing members during the year, $551.16.
No unpaid withdrawals. Amount o f shares matured during the year, $24,400.
Entrance or membership fee, 25 cents per share. Operating expenses, as
defined in section 227 o f the Banking Law, incurred and paid during the year,
$1,898.95. Unpaid, none. Premium plan, gross; interest paid by borrowing
members, 5/1 per cent. N o premium charged.
Loans have been made in 'Chemung county, New York State. Largest mort­
gage loan outstanding, $6,000. Mortgages in force in New York State,
$327,150. No foreclosures during the year.

ELMIRA MUTUAL BUILDING-LOAN ASSOCIATION.
No. 167 Lake street, Elmira, N. Y.
[Organized under Law of 1892.
Officers.
Vice-President.........
Secretary ...................
Attorney ...................

Commenced business 1893.]

Names.
Post-office addresses.
J. M. SHOEMAKER......................................... Elmira, N. Y.
JESSE L. COOLEY........................................... Elmira, N. Y.
NEVENDEAU & MANDEVILLE................... Elmira, N. Y.
ASSETS.

Loans on bond and mortgage..............................................................

$22,466 93

C ontracts fo r the sale o f real esta te ...................................................

2, 237 89

Real estate .............................................................................................
Cash on hand and in bank....................................................................
Furniture and fixtures........................................................................
Advances for taxes, insurance, e tc....................................................

300
3, 922
160
52

00
54
00

32

$29,139 68
LIABILITIES.

Due shareholders, instalment shares................................................
Dividends credited ..............................................................................
Due shareholders on first division of assets...............•
....................
Earnings undivided .............................................................................
Contingent fund (as per section 225 of Banking L a w )...............

$19,390
6 , 992
1, 359
1,201
196

27
81
07
53
00

$29,139 68
RECEIPTS.

Cash on hand January 1, 1912....................................... 1 ..................
Dues on instalment shares credited to members...........................
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares repaid......................................................
Real estate s o l d .....................................................................................
Interest re ce iv e d ...................................................................................
Rent re ce iv e d .........................................................................................
Received on contracts...........................................................................
Division of assets credited to shareholders...................................




$1, 761 48
337 50
6,231 40
800 00
12, 710 00
786 82
546 94
2,589 13
1,359 07

$27,122 34

C henango C o u n ty.

77

DISBURSEMENTS.

Loaned on m ortg a g e............................................................................
Instalment dues repaid on withdrawal, or applied on loans. . . .
Dividends paid on withdrawal, or applied on loans...................
Paid for real estate..............................................................................
Paid salaries and clerk-hire...............................................................
Paid advertising, printing and postage.........................................
Paid r e n t ............................................................................. , . ...............
Paid repairs to real estate................................................................
Paid taxes, insurance, e tc..................................................................
Paid banking department, assessment...........................................
Advances for taxes, insurance, etc...................................................
Sundry expenses ..................................................................................
Collection and exchange..................................
Attorney f e e s .........................................................................................
Losses charged to reserve fu nd........................................................
Cash on hand December 31, 1912.....................................................

$ 8 , 000
8 ,002
2, 366
2, 698
426
14
120
185
121
3
52
26
25
61
1,094
3,922

00
28
54
82
75
60
41
36
45
37
32
05
35
52
98
54

$27,122 34
Plan, serial. Par value of shares, $100. Instalments are 50 cents and $1
monthly.
Shares in force January 1, 1912, 1,471%; shares issued1 during the year,
none; shares withdrawn during the year, 98; shares in force, 1,373%. Bor­
rowing members, 5, holding 50 shares; non-borrowing members, 135, holding
1,323% shares. Female shareholders, 13, holding 124 shares.
Amount of filed and unpaid withdrawals December 31, 1912, $20,380. Op­
erating expenses, as defined in section 227 of the 'Banking Law, incurred and
paid during the year, $674.68. Unpaid, none. Premium plan, premiuminterest. Interest paid by borrowing members, 6 per cent. Premium paid by
borrowing members,
per cent.
Loans have been made in Erie, Niagara and Schenectady counties, New York
State. Largest mortgage loan outstanding, $12,000. Mortgages in force in
New York State, $22,466.93. No foreclosures during the year.

1
%

CHENANGO COUNTY.
CHENANGO CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION.
No. 182 Broad street, Norwich, N. Y.
[Organized under Law of 1887.
Officers.
P resid en t.................
Secretary ..................
Treasurer .................
Attorney ...................

Commenced business 1888.]

Names.
Post-office addresses.
P. JOE SCHORN.............................................
Norwich, N. Y.
CHARLES C. M cN ITT..................................
Norwich, N. Y.
GEO. A. THOMAS...........................................
Norwich, N. Y.
IRA H. HYDE...................................................
Norwich, N. Y.
ASSETS.

Loans on bond and mortgage..........................................................
Loans on shares ..................................................................................
Real e s t a t e ............................................................................................
Cash on hand and in bank................................................................
Furniture and fixtures ......................................................................
Advances for taxes, insurance, e tc ...................................................




$281,579
14,139
10, 314
1,845
1, 083
41

11
00
07
10
67
91

$309,002 86

78

R eport on S a y in g s a n d L o an A ssociations .
LIABILITIES.

Due shareholders, instalment s h a r e s .............................................
Due shareholders, savings shares ....................................................
Due shareholders, income shares ....................................................
Dividends credited ...............................................................................
Balance to be paid borrowers on mortgage loans.......................
Borrowed money .................................................................................
Earnings undivided ............................................................................
Contingent fund (as per Section 225 of Banking L a w )............

$171,751
21, 346
63, 320
36,513
2,918
8 , 000
638
4,515

00

96
00
43
00
00

08
39

$309,002 86
RECEIPTS.

Cash on hand January 1, 1912 ........................................................
Dues on instalment shares credited to members.......................
Dues on savings shares ....................................................................
Dues on income shares ......................................................................
Money borrowed ...................................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares repaid ....................................................................
Fees received .........................................................................................
Fines received .......................................................................................
Interest rece iv e d ..................................................................................
Rent received .......................................................................................
Advances repaid ...................................................................................
Reverted dividends .............................................................................
Pass books .............................................................................................

$7,710
35,527
16, 800
36, 000
16, 500
39,774
4, 732
41
4
16, 245
521
12
439
19

95
00
43
00
00
26
00
50
37
07
68

00
46
50-

$174, 328 22
DISBURSEMENTS.

Loaned on mortgage ...............................................................
Loaned on s h a r e s ........ .'......................................................................
Instalment dues repaid on withdrawal, or applied on loans..
Paid savings shares .............................................................................
Paid income shares ..................................... .......................................
Dividends paid on withdrawal, or applied on loans...................
Cash dividends paid on income and accumulative prepaid
sh a re s..................................................................................................
Paid matured shares ..........................................................................
Paid borrowed money and prior mortgages...............................
Paid interest on borrowed money and prior mortgages..........
Paid salaries and clerk-hire ............................................................
Paid advertising, printing and postage .......................................
Paid repairs to real estate ..............................................................
Paid taxes, insurance, etc..................................................................
Paid banking department, examination .......................................
Paid banking department, assessment .........................................
Advances for taxes, insurance, etc...................................................
Furniture and fixtures ......................................................................
Accrued interest ..................................................................................
Cash on hand, December 31, 1912....................................................

$69,851
6,522
14,374
9, 462
36, 750
2, 176

99
00
00
50
00
31

2, 535 39
19, 800 00
8,500 00
153 92
1,139 99
1787 6
104 41
398 58
39 00
21 86
44 76
273 40
156 25
1,845 10
$174,328 22

Plan, serial. Par value of shares, $200. Instalments are $1 monthly.
Shares in force January 1, 1912, 2,88>1; shares issued during the year,
483; shares withdrawn during the year, 413; shares in force, 2,951. Bor­
rowing members, 185, holding 1,378 shares; non-borrowing members, 199,




C o l u m b ia C o u n t y .

79

holding 1,573 shares. Female shareholders, 133 holding 826 shares. Total
dividends credited members during the year on instalment shares, $11,024.05;
rate 5% per cent. Total dividends credited or paid in cash to members
during the year on other shares, $3,024.24; rate 4 per cent. Total dividends
forfeited by withdrawing members during the year, $439.46.
No unpaid withdrawals. Amount of shares matured during the year,
$19,800. Entrance or membership fee, 50 cents per member. Operating ex­
penses, as defined in Section 227 of the Banking Law, incurred and paid dur­
ing the year, $1,318.65. Unpaid, none.
No premium plan. Interest paid by borrowing members, .6 per cent. No
premium charged.
Loans have been made in Chenango county, New York State. Largest mort­
gage loan outstanding, $4,000. Mortgages in force in New York State,
$278,661.11. One foreclosure during the year.

COLUMBIA COUNTY.
HUDSON SAVINGS AND LOAN ASSOCIATION.
No. 346 Warren street, Hudson, N. Y.
[Organised under Law o f 1910.

Commenced business 1911.]

Officers.
Names.
Post-office addresses.
President ................... DELBERT DINEHART..................................
Hudson, N. Y.
Secretary ................... E. C. VAN LOAN........................................... Hudson, N. Y.
Treasurer .................
L. R. TILDEN...................................................
Hudson, N. Y.
Attorney ...............’. . L. R. TILDEN....................................................
Hudson, N. Y.
ASSETS.

Loans on bond and m o rtg a g e ............................................................
Loans on shares ..................................................................................
Cash on hand and in bank................................................................
Books and sta tion ery ..........................................................................

$10, 300
1
1,249
92

00
91
19
88

$11,643 98
LIABILITIES.

Due shareholders, instalment shares ...........................................
Due shareholders, income shares......................................................
Dividends credited................................................................................
Earnings undivided ............................................................................
Contingent fund (as per Section 225 of Banking L a w )..........

$9, 767
1, 500
312
42
22

00

00
17
62
19

$11,643 98
RECEIPTS.

Cash on hand January 1, 1912........................................................
Dues on instalment shares credited to members...........................
Dues on income shares ......................................................................
Money borrowed ..................................................................................
Mortgages redeemed, foreclosed ortransferred to real estate. .
Fees received ........................................................................................
Fines received .......................................................................................
Interest rece iv e d ..................................................................................
Beverted dividends ............................................................................




$1,411 00
7,109 00
400 00
3,200 00
2,400 00
114 35
5 02
391 85
1 H

$15,033 23

R eport on S a y in g s a n d L o an A ssociations .

80

DISBURSEMENTS.

Loaned on mortgage ..........................................................................
Loaned on shares .................................................................................
Instalment dues repaid on withdrawal, or applied on loans. . .
Dividends paid on withdrawal, or applied on loans....................
Cash dividends paid on income and accumulative prepaid
sh a re s..................................................................................................
Paid borrowed money and prior mortgages.................................
Paid interest on borrowed money and prior mortgages.............
Paid salaries and clerk-hire..............................................................
Paid banking department, examination .....................................
Paid banking department, assessment...........................................
Officers’ bonds .......................................................................................
Incorporation expenses ......................................................................
Cash on hand, December 31, 1912.....................................

$10, 098
1
270
5
50
3, 200
16
50
20

80
91

00
52
40
00
26
00
83
32

30 00
40 00
1,249 19
$15,033 23

Plan, serial. Par value of shares, $200. Instalments are $1 monthly.
Shares in force January 1, 1912, 369; shares issued during the year, 359;
shares withdrawn during the year, 29; shares in force, 699. Borrowing
members, 6 , holding 75 shares; non-borrowing members, 119, holding 624
shares. Female Shareholders, 2 2 , holding 107 shares. Total dividends credited
members during the year on instalment shares, $228.65; rate 4 per cent.
Total dividends credited or paid in cash to members during the year on other
shares, $58.40; rate 4 per cent. Total dividends forfeited by withdrawing
members during the year $ 1 . 11 .
No unpaid withdrawals. Entrance or membership fee, 25 cents per share.
Operating expenses, as defined in Section 227 of the Banking Law, incurred
and paid during the year, $120. Unpaid, none.
No premium plan. Interest paid by borrowing members, 6 per cent. No
premium charged.
Loans have been made in Columbia county, New York State. Largest
mortgage loan outstanding, $3,000. Mortgages in force in New York State,
$10,300. No foreclosures during the year.

STUYVESANT FALLS BUILDING AND LOAN ASSOCIATION.
Stuyvesant Falls, N. Y.
[Organized under Law of 1851.
Officers.
President
Secretary
Treasurer
Attorney

Commenced business 1881.]

Names.
JAMES R. HUGHES.
M. J. DUNHAM........
WILLIAM CULLEN
FRANK S. BECKER

Post-office addresses.
Stuyvesant Falls, N. Y.
Stuyvesant Falls, N. Y.
Stuyvesant Falls. N. Y.
Kinderhook, N. Y.

ASSETS.

Loans on bond and mortgage............................................................
Loans on shares ...................................................................................
Cash on hand and in bank ..............................................................

$9,025 00
1> 398 00
580 07
$11,003 07

LIABILITIES.

Due shareholders, instalment shares ..............................................
Dividends credited ..............................................................................
Earnings undivided .............................................................................
Contingent fund (as per Section 225 of Banking L a w )..........




$8,940
1 814
>
12
235

00
61
61
85

$11,003 07

C o rtlan d C o u n ty.

81

RECEIPTS.

Cash on hand January 1, 1912........................................................
Dues on instalment shares credited to members.........................
Money borrowed ..................................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares r e p a id ......................................................................
Fees received .............................................
Fines r e ce iv e d ......................
Interest received ................................................................................

$8 00

2, 508
950
600
900

00
00
00

00

11 00
8 20

603 25
$5,688 45

DISBURSEMENTS.

Loaned on mortgage ..........................................................................
Loaned on shares .......................................................................... • . .
Instalment dues repaid on withdrawal, or applied onloans..
Dividends paid on withdrawal, or applied on loans...................
Paid borrowed money and prior mortgages...............................
Paid interest on borrowed money and prior mortgages..........
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage.........................................
Paid banking department, examination.........................................
Paid banking department, assessment...........................................
Satisfaction fee ....................................................................................
Cash on hand, December 31, 1912...................................................

$ 1 . 300 00
1 , 348 00
978 00
219 36
1,055 79
16 93
50 00
17 00
22 10
70
50
580 07
$5,588 45

Plan, serial. Par value of shares, $200. Instalments are $1 monthly.
Shares in force January 1, 1912, 149; shares issued the year, 70; shares
withdrawn during the year, 12; shares in force, 207. Borrowing members,
15, holding 92 shares; non-borrowing members, 25, holding 115 shares. Fe­
male shareholders, 10 holding 53 shares. Total dividends credited members
during the year on instalment shares, $491.70; rate
per cent.
No unpaid withdrawals. Entrance or membership fee, $1 per member.
Operating expenses, as defined in Section 227 of the Banking Law, incurred
and paid during the year, $67.50. Unpaid, none.
N o premium plan. Interest paid by borrowing members, 6 per cent. No
-premium charged.
Loans have been made in Columbia and Bensselaer counties, New York
State. Largest mortgage loan outstanding, $1,800, Mortgages in force in
New York State, $9,025. No foreclosures during the year.

52
y

CORTLAND COUNTY.
CENTURY CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION.
East Main street, Marathon, N. Y.
[Organized under Law o f 1894.

Commenced business 1895.]

Officers.
Names.
Post-office addresses.
P resid en t...........
FRED H. SW IFT........................................... Marathon, N. Y.
Secretary .................. A. C. BAKER................................................. Marathon, N. Yt
T re a su re r..................... E. L. COURTNEY........................................... Marathon, N. Y.




82

R eport on S a v in g s a n d L o an A ssociations .
ASSETS.

Loans on bond and m ortgage............................................................
Loans on shares.....................................................................................
Cash on hand and in bank..................................................................
Furniture and fixtures........................................................................

$20, 025 00
&9 00
455 10
11 20

$20, 580 30
LIABILITIES.

Due shareholders, instalment shares................................................
Dividends credited ..............................................................................
Due shareholders, matured shares....................................................
Borrowed m o n e y ..................................................................................
Earnings undivided ............................................................................
Contingent fund (as per section 225 of Banking L a w )..............

$15,716 20
2 , 009 18
1 ,0 1 0 OO
1, 250 00
297 20
297 72
$20,580 30

RECEIPTS.

Cash on hand January 1, 1012..........................................................
Dues on instalment shares credited to members.........................
Money borrowed .........................................
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares repaid......................................................................
Fees re ce iv e d .........................................................................................
Fines received .......................................................................................
Interest rece iv e d ...................................................................................
Reverted d iv id en d s..............................................................................
Attorney f e e s ....................................... ......'........................................

$499
4, 887
150
1,400
855
20
31
1, 204
4
17

58
43
00

00
00

00
71
22

00
45

$9,069 39
DISBURSEMENTS.

Loaned on mortgage............................................................................
Loaned on shares.................................................
Instalment dues repaid on withdrawal, or applied on loa n s.. . .
Dividends paid on withdrawal, or applied on loans...................
Paid matured shares ....................................................................
Paid borrowed money and prior mortgages.................................
Paid interest on borrowed money and prior mortgages............
Paid salaries and clerk-hire ............................................................
Paid advertising, printing and postage.........................................
Paid taxes, insurance, e tc ..................................................................
Paid banking departm ent..................................................................
Safe deposit box.....................................................................................
Telephone ...............................................................................................
Attorney f e e s ...............................................................
Cash on hand December 31, 1912......................................................

$2 , 400
610
1 , 133
174
3, 641
350

00

00
71
21
83
00
88 74
150 00
177
16 50
16 06
2 00
2 47
27 00
455 10

$9,069 39
Plan, permanent. Par value of shares, $100. Instalments are 50 cents
and $1 monthly.
Shares in force January 1, 1912, 507; shares issued during the year, 73;
shares withdrawn during the year, 61; shares in force, 519. Borrowing mem­
bers, 21, holding 215 shares; non-borrowing members, 54, holding 304 shares.
Female shareholders, 21, holding 84 shares. Total dividends credited members
during the year on instalment shares, $904.80; rate, 3% per cent. Total divi­
dends forfeited by withdrawing members during the year, $4.




C ortland C ou n ty.

83

No unpaid withdrawals. Amount of shares matured during the year,
$4,651.83. Entrance or membership fee, 25 cents per share. Operating ex­
penses, as defined in section 227 of the Banking Law, incurred and paid dur­
ing the year, $183.24. Unpaid, none.
No premium plan. Interest paid by borrowing members, 6 per cent. No
premium charged.
Loans have been made in Broome and Cortland counties, New York State.
Largest mortgage loan outstanding, $2,000. Mortgages in force in New York
State, $20,025. No foreclosures during the year.

DIME SAVINGS AND LOAN ASSOCIATION.
No. 50 Main street, Cortland, N. Y.
[Organized under Law of 1910.
Officers.
P resid en t.................
Secretary ..................
Treasurer .................
Attorney ...................

Commenced business 1911.]

Names.
Post-office addresses.
FREDERICK B. NOURSE............................ Cortland, N. Y.
W A STOCKWELL......................................... Cortland, N. Y.
FRANK J. PECK ........................................... Cortland, N. Y.
CHAMPLIN & BUCK..................................... Cortland, N. Y.
ASSETS.

Loans on bond and mortgage............................................................
Loans on shares....................................................................................
Cash on hand and in bank.....................,..........................................
Interest, premium, fees and fines due and unpaid.....................
Instalments due and unnaid........................................

$11,250 00
550 00
591 00
175

$450 40

$12,392 75
LIABILITIES.

Due shareholders, instalment shares...............................................
Due shareholders, income shares ....................................................
Dividends credited ..............................................................................
Earnings undivided ............................................................................
Contingent fund (as per section 225 of Banking L a w )............

$7, 890
4,100
95
299
7

10
00
09
72
84

$12,392 75
RECEIPTS.

Cash on hand January 1, 1912..........................................................
Dues on instalment shares credited to members...........................
Dues on income shares........................................................................
Loans on shares repaid..............................
Fees receiv ed ........................................................................................
Interest re ceiv ed ..............................
Premium re ceiv ed ......................

$417
6,798
2, 800
40
90
367
110

61
10
O
O
00
20
54
27

$10,623 72
DISBURSEMENTS.

Loaned on mortgage............................................................................
Loaned on shares..............................................................................
Instalment dues repaid on withdrawal, or applied on loans.1 .
.
Dividends paid on withdrawal, or applied on loans...............
Cash dividends paid on income and accumulative prepaid
sh a res............................ .....................................................................
Paid salaries and clerk-hire ............................................................
Paid advertising, printing and postage.........................................




$8 , 800
590
445
2

O
O
00
20
24

48 13
17 50
24 33

84

R epo r t on S a v in g s a n d L o an A ssociations .

Paid rent ...............................................................................................
Paid banking department, examination.........................................
Paid banking department, assessment.............................................
Officers’ bonds .......................................................................................
Lights, etc................................................................................................
Cash on hand December31, 1912........................................................

$72 oO
16 00
22
12 00
5 io

591 00
$10,623 72

Plan, permanent. Par value of shares, $ 100 . Instalments are 10 cents
weekly.
Shares in force January 1, 1912, 1,042; shares issued during the year, 902;
shares withdrawn during the year, 289; shares in force, 1,655. Borrowing
members, 18, holding 206 shares; non-borrowing members, 122, holding 1,449
shares.
Female shareholders, 32, holding 176 shares.
Total dividends
credited members during the year on instalment shares, $98.80; rate, 6 per
cent. Total dividends credited or paid in cash to members during the year
on other shares, $48.13; rate, 4% per cent. Total dividends forfeited by
withdrawing members during the year, $1.47.
No unpaid withdrawals. Entrance or membership fee, 10 cents per share.
Operating expenses, as defined in section 227 of the Banking Law, incurred
and paid during the year, $130.93. Unpaid, none.
Premium plan, instalment. Interest paid by borrowing members, 10 cents
per share per week. Premium paid by borrowing members, 3 cents per share
per week.
Loans have been made in Cortland county, New York State. Largest mort­
gage loan outstanding, $2,400. Mortgages in force in New York State, $11,250.
No foreclosures during the year.

DELAWARE COUNTY.
THE WALTON CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION.
Delaware street, Walton, N. Y.
[Organized under Law o f 1894.
Officers.
P re sid e n t.................
Secretary ..................
Treasurer .................
Attorney ...................

Commenced business 1907.]

Names.
Post-office addresses.
F. R. DARLING................................................. Walton, N. Y.
EDNA J. REID ................................................. Walton, N. Y.
GEORGE A. PECK............................................. Walton, N. Y.
A. G. PATTERSON........................................... Walton, N. Y.
ASSETS.

Loans on bond and m ortgage..............................................................
Loans on shares.....................................................................................
Cash on hand and in bank....................................................................

$9, 800 00
68 40
68 64
$9,937 04

LIABILITIES.

Due shareholders, instalment shares...............................................
Due shareholders, income shares......................................................
Dividends credited ...............................................................................
Borrowed m o n e y ...................................................................................
Earnings undivided .............................................................................
Contingent fund (as per section 225 of Banking L a w )..............




$ 6 , 844
400
414
1,650
535
92

78
00
24
00
91
11

$9,937 04

D utch ess C ou n ty.

85

RECEIPTS.

Cash on hand January 1, 1912...........................................................
Dues on instalment sharescredited to members.............................
Dues on income shares........................................................................
Money borrow ed....................................................................................
Loans on shares repaid........................................................................
Fees received ........................................................................................
Fines received ...............................................................
Interest received ................................................................................
Advances repaid ..................................................................; ..............

$154
1,777
400
12

94
50
00
00

100 00

4
10
547
1

27
40
09
00

$3,007 20
DISBURSEMENTS.

Loaned on mortgage............................................................................
Loaned on shares..................................................................................
Instalment dues repaid on withdrawal, orapplied onlo a n s ...
Dividends paid on withdrawal, or applied onloans....................
Paid matured s h a r e s ..........................................................................
Paid borrowed money and prior mortgages..................... •
.............
Paid interest on borrowed money and prior mortgages..............
Paid salaries and clerk-hire......................................................... . .
Paid advertising, printing and postage.........................................
Paid taxes, insurance, etc..................................................................
Paid banking department, examination.........................................
Paid banking department, assessment.............................................
Cash on hand December 31, 1912........................................................

$1,000 00
100 00
254 72
14 92
200 00

1,112 00
198 76
25 00
8 50
10 06
13 92
68
68 64

$3,007 20
Plan, permanent. Par value of shares, $200. Instalments are $1 monthly.
Shares in force January 1, 1912, 185; . shares issued during the year, 12;
shares withdrawn during the year, 10; shares in force, 187. Borrowing
members, 8 , holding 50 shares; non-borrowing members, 33, holding 137 shares.
Female shareholders, 8 , holding 42 shares.
Total dividends credited members during the year on instalment shares,
$144.17; rate 5 per cent.
Total dividends forfeited by withdrawing members during the year, $3.93.
No unpaid withdrawals. Entrance or membership fee, 25 cents per share.
Operating expenses, as defined in section 227 of the Banking Law, incurred and
paid during the year, $43.56. Unpaid, none. Premium plan, gross. Interest
paid by borrowing members, 6 per cent. No premium charged.
Loans have been made in Delaware county, New York State. Largest mort­
gage loan outstanding, $1,600. Mortgages in force in New York State, $9,800.
No foreclosures during the year.

DUTCHESS COUNTY.
HOME CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION.
No. 47 Market street, Poughkeepsie, N. Y.
[Organized under Law of 1887.
Officers.
P resid en t...................
Secretary ..................
Treasurer .................
Attorney ...................




Commenced business 1888.
Law of 1804.]

Names.
GEORGE W. KRIEGER........................
JOHN B. ROBINSON............................
GUILFORD DUDLEY ..........................
JOHN J. MYLOD....................................

Reorganized under
Post-office addresses.
Poughkeepsie, N. Y.
Poughkeepsie, N. Y.
Poughkeepsie, N. Y.
Poughkeepsie, N. Y.

86

R eport on S a v in g s a n d L o an A ssociations .
ASSETS.

Loans on bond and mortgage............................................................
Loans on shares.....................................................................................
Real estate ................................................................ ............................
Cash on hand and in Bank................................................................
Furniture and fixtures........................................................................
Cash difference .................................................................... ................
Instalments due and unpaid................................................................
Interest, premium, fees and' fines due and unpaid..

$511,000
25,750
2, 965
10,545
402
4
968

00
00
62
00
96
23
01

$177 28

$551, 635 82
LIABILITIES.

Due shareholders, instalment shares.................................................
Due shareholders, income shares............................................................
Dividends credited ...............................................................................
Balance to be paid borrowers on mortgage loans...........................
Borrowed money ...................................................................................
Earnings undivided ...................................................................................
Contingent fund (as per section 225 of Banking L a w ).....................
Dues paid in advance...........................................................................
Repairs to real estate..................
Interest a d va n ced .....................................................................................

$402,270 00
4,70000
81,773 52
8 , 650 00
40,000 00
5,35480
8 ,58083
201 17
100 00
5 50
$551,635 82

RECEIPTS.

Cash on hand January 1, 1912............................................................
Dues on instalment shares credited to members...........................
Dues on income shares..........................................................................
Money b o r r o w e d ..................................................................................
Mortgages redeemed, foreclosed or transferred to real estate. . .
Loans on shares repaid................
Fees received .........................................................................................
Fines received .................................................................. : ..................
Interest received .................................................................................
Rent re ce iv e d .........................................................................................
Transfer fees .........................................................................................
Reverted dividends ..............................................................................
Bonds sold .............................................................................................
Rebate on light b ills.............................................................................
Furniture and fixtures........................................................................
Cash difference .....................................................................................
Attorney f e e s .........................................................................................

$ 6 , 861
98,423
4,700
40, 000
6 8 , 550
5,250
405
302
29,594
390
10
468
5, 410
19
50
2
467

69
46
00

00
00
00
75
42
50
00
75
33
00

43
00
25
95

$260,906 53
DISBURSEMENTS.

Loaned on mortgage..............................
Loaned on shares...................................................................................
Instalment dues repaid on withdrawal, or applied on loans___
Dividends paid on withdrawal, or applied on loans.......................
Cash dividends paid on income and accumulative prepaid
sh a re s...................................................................................................
Paid matured shares ...........................................................................
Paid borrowed money and prior mortgages........ ........................
Pand interest on borrowed money and prior mortgages........
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage..........................................
Paid r e n t ................................................................................................




$131,750
10,750
31, 388
2, 425

00
00
00

144
29,636
40,000
1,500
1,105
202
300

10
06
00
76
00
07
00

60

E r ie C o u n t y .

87

Paid repairs to real estate..................................................................
Paid taxes, insurance, e tc ..................................................................
Paid banking department, examination.........................................
Paid banking department, assessment.............................................
Officers’ bonds ......................................................................................
State League dues.................................................
L ig h t s ............................................................... : .................................. .
B o o k s .......................................................................................................
L iv e r y ......................................................................................................
Commission on bond sale....................................................................
Moving s a f e ..........................................................................................
Safe deposit box ..................................................................................
Electric fan ............................................................................................
Cash difference ....................................................................................
Furniture and fixtures........................................................................
Attorney fees ........................................................................................
J a n ito r ....................................................................................................
Cash on hand December 31, 1912........................................................

$119 39
46 28
98 33
36 84
36 00
7 50
32 15
112 00
22 50
875
20 00
5 00
18 25
6 2a
100 00
469 95
20 75
10, 545 00
$260,906 53

Plan, serial. Par value of shares, $200. Instalments are $1 monthly.
Shares in force January 1, 1912, 7,588; shares issued during the year, 1,623;
shares withdrawn during the year, 982; shares in force, 8,229. Borrowing
members, 347, holding 3,222 shares; non-borrowing members, 884, holding
5,007 shares. Female shareholders, 513, holding 3,656 shares.
Total dividends credited members during the year on ipstalment shares,
$24,143.05; rate 5% per cent.
Total dividends credited or paid in cash to members during the year on other
shares, $144.10; rate 4 ^ per cent.
Total dividends forfeited by withdrawing members during the year, $468.33.
No unpaid withdrawals. Amount of shares matured during the year, $29,636.06.
Entrance or membership fee, 25 cents per share. Operating expenses, as
defined in section 227 of the Banking Law, incurred and paid during the year,
$1,941.97. Unpaid, none. Premium plan, gross. Interest paid by borrowing
members, 6 per cent. No premium charged.
Loans have been made in Dutchess and Ulster counties, New York State.
Largest mortgage loan outstanding, $6,500. Mortgages in force in New York
State, $511,000. No foreclosures during the year.

ERIE COUNTY.
AETNA PERMANENT SAVINGS AND LOAN ASSOCIATION.
No. 77 Seventeenth street, Buffalo, N. Y.
[Organized under Law of 1851.
Officers.
P resid en t.................
Secretary ..................
Treasurer .................
Attorney ...................

Commenced business 1889.]

Names.
ERVINE D O D D ................................
WILLIAM E. SHIFFERENS.........
CONRAD KAISER............................
GEORGE B. BURD..........................

Post-office addresses.
340 Franklin Street.
14 Seventeenth Street.
371 Vermont Street.
26 Erie Co. Bk. Bldg.

ASSETS.

Loans on bond and mortgage............................................................
Loans on shares....................................................................................
Real estate ............................................................................................




$40, 350 00
2,160 00
721 47

88

R eport on S a y in g s a n d L o an A ssociations .

Cash on hand and in bank.........................................., ......................
Furniture and fixtures........................................................................

$23, 273 31
175 39
$75*680 17

LIABILITIES.

Due shareholders, instalment shares...............................................
Dividends c re d ite d ...............................................................................
Earnings u n d iv id e d ......................
Contingent fund (as per section 225 of Banking L a w )............
Unearned or rebatable premium......................................................

$62, 774
8,343
951
3, 000
610

85
70
62
00
00

$75,680 17
RECEIPTS.

Cash on hand January 1, 1912..........................................................
Dues on instalment shares credited to members.........................
Mortgages redeemed, foreclosed or transferred to real esta te..
Loans on shares repaid......................................................................
Fees received .........................................................................................
Fines received .......................................................................................
Interest r eceiv ed ................................. ; ...............................................
Premium receiv ed .................................................................................
Reverted d iv id en d s...............................................................................

$16, 355 26
35, 665 00
’ l l , 880 00
120 00

122
13
4, 419
310
419

50
44
42
00
54

$69,305 16
DISBURSEMENTS.

Loaned on mortgage.............................................................................
Loaned on shares...................................................................................
Instalment dues repaid on withdrawal, or applied on lo a n s .. .
Dividends paid on withdrawal, or applied on loans.....................
Paid matured sh a r e s ...........................-..............................................
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage.........................................
Paid repairs to real estate................................................................
Paid taxes, insurance, etc..................................................................
Paid banking department, examination........................................
Paid banking department, a s s e s s m e n t......................................
Office furniture .....................................................................................
Cash on hand December 31, 1912......................................... ; . . . .

$4,030 00
960 00
25, 288 25
1, 834 85
12, 884' 80
699 00
106 37
651
27 19
13 75
5 74
175 39
23,273 31
$69,305 16

Plan, serial. Par value of shares, $130. Instalments are 25 cents weekly.
Shares in force January 1, 1912, 2,244; shares issued during the year, 490;
shares withdrawn during the year, 299; shares in force, 2,435. Borrowing
members, 26, holding 346 shares; non-borrowing members, 280, holding 2,089
share's. Female shareholders, 118, holding 667 shares. Total dividends
credited members during the year on instalment shares, $3,851.95; rate, 7 per
cent. Total dividends forfeited by withdrawing members during the year,
$419.54.
N o unpaid withdrawals. Amount of shares matured during the year,
$12,884.80. Entrance or membership fee, 25 cents per share. Operating ex­
penses, as defined in section 227 of the Banking Law, incurred and paid dur­
ing the year, $805.37. Unpaid, none.
Premium plan, gross. Interest paid by borrowing members, 15 cents per share per week. Premium paid by borrowing members, $10 per share.




89

E r ie C o u n t y .

Loans have been made in Erie county, New York State. Largest mortgage
loan outstanding,, $3,120. Mortgages in force in New York State, $49,350.
No foreclosures during the year.

BLACK ROCK MUTUAL HOME AND SAYINGS ASSOCIATION.
No. 52 Amherst street, Buffalo, N. Y.
[Organized under Law of 1851.
OfQcers.
P resid en t.................
Secretary ..................
Treasurer .................
Attorney ...................

Commenced business 1890.]

Names.
JOHN B L U S T .....................................
LOUIS G. FETES.................................
AUGUST ROTH .................................
JAMES P. SCHAUS............................

Post-office addresses.
205East Street.
81 Hertel Avenue.
414Dearborn Street.
213 Mutual Life Bldg.

ASSETS.

Loans on bond and mortgage..........................................................
Real e s t a t e ............................................................................................
Cash on hand and in bank................................................................

$199,158 91
10, 631 66
30,170 26
$239,900 83

LIABILITIES.

Due shareholders, instalment shares.............................................
Dividends credited ..............................................................................
Earnings undivided ............................................................................
Contingent fund (as per section 225 o f Banking L a w )............

$205,160
2 2 , 875
7, 353
4, 570

56
89
98
40

$239,960 83
RECEIPTS.

Cash on hand January 1, 1912........................................................
Dues on instalment shares credited to members.........................
Mortgages redeemed, foreclosed or transferred to real estate..
Real estate sold................................................................................ '. .
Fees received ........................................................................................
Fines r e ce iv e d ......................................................................................
Interest r eceiv ed ..................................................................................
Premium received ..............................................................................
Rent receiv ed ........................................................................................

$24,327
193,939
16,108
2,300
967
14
10, 947
2, 484
327

60
21
00
00
50
75
50
81
00

$251,406 37
DISBURSEMENTS

Loaned on mortgage............................................................................
Instalment dues repaid on withdrawal, or applied on loans. . .
Dividends paid on withdrawal,, or applied on loans.....................
Paid for real estate............................................................................
Paid salaries and clerk -h ire..............................................................
Paid advertising, printing and postage.........................................
Paid rent ..............................................................................................
Paid repairs to real estate................................................................
Paid taxes, insurance, e tc ..................................................................
Paid banking department, examination.........................................
Paid banking department, assessm ent...........................................
Officers’ bonds ........................
Mortgage t a x ........................................................................................
Cleaning o ffic e ......................................................................................




$58,100
146, 362
5, 018
6,451
2, 498
348
77
550
402
31
14

00
90
06
73
80
35
00
25
62
00
26
68 00
289 00
20 52

90

R eport on S a y in g s a n d L oan A ssociations .

Office supplies .......................................................................................
Moving expenses ...................................................................................
Light ..............................................................................
Telephone.................................................................................................
Coal and w ater.......................................................................................
Attorney f e e s ..................................................................................
Office furniture .....................................................................................
Real estate loss.....................................................................................
Cash on hand December 31, 1912....................................................

$67
11
17
7
39
91
560
210
30, 170

00

25
16
00
30
00
64
27
26

$251,406 37
Plan, permanent. Par value of shares, $130. Instalments are, 25 cent*
weekly.
Shares in force January 1, 1912, 9,261; shares issued during the year,
3,830; shares withdrawn during the year, 2,027; shares in force, 11,064. Bor­
rowing members, 132, holding 1,2*15 shares; non-borrowing members, 1,482,
holding 9,849 shares. Female shareholders, 449', holding 2,363 shares. Total
dividends credited members during the year on instalment shares, $8,084.98;
rate, 6 per cent.
No unpaid withdrawals. Entrance or membership fee, 25 cents per share.
Operating expenses, as defined in section 227 of the Banking Law, incurred
and paid during the year, $3,135.05. Unpaid, none.
Premium plan, instalment. Interest paid by borrowing members, 6 per
cent. Premium paid by borrowing members, 5 cents per share per week.
Loans have been made in Erie county, New York State. Largest mortgage
loan outstanding, $9,000. Mortgages in force in New York State, $199,158.91.
No foreclosures during the year.

CARLTON STREET PERMANENT SAVINGS AND AID ASSOCIATION.
No. 306 Carlton street, Buffalo, N. Y.
[Organized under Law of 1851.
Officers.
P re sid e n t.................
Secretary ..................
Treasurer .................
Attorney ...................

Commenced business 1880.]

Names.
CHARLES D E T H L O P P .............
JOHN A. GLUNZ..........................
WILLIAM S C H M ID T ..................
LOUIS BRAUNLEIN ..................

Post-office addresses.
55 Berlin Street.
.39 Peach Street.
306 Carlton Street.
14 German Ins. Co. Bldg.

ASSETS.

Loans on bond and mortgage............................................................
Cash on hand and in bank................................................................
Furniture and fixtures........................................................................

$25,100 00
881 71
50 00
$26,031 71

LIABILITIES.

Due shareholders, instalment shares.................•
............................
Dividends credited .............................................................................
Earnings undivided .............................................................................
Contingent fund (as per section 225 of Banking L a w )..........

$22,951
1,976
601
502

00
49
92
30

$26,031 71
RECEIPTS.

Cash on hand January 1, 1912........................................................
Dues on instalment shares credited to members.........................
Mortgages redeemed, foreclosed or transferred to real estate..




$4,413 67
28,785 50
4,138 25

E r ie C o u n t y .

91

Fees received ........................................................................................
Interest received ................................................................................

$120 25
1,655 81
$39,113 48

DISBURSEMENTS.

Loaned on mortgage..........................................................................
Instalment dues repaid on withdrawal, or applied on loans..
Dividends paid on withdrawal, or applied on loans..................
Paid matured shares ........................................................................
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage.........................................
Paid r e n t ...............................................................................................
Paid banking department, examination .......................................
Paid banking department, assessment .........................................
Officers’ bonds ....................................................................................
Legal service ...............................................................................
Appraisal committee ........................................................................
Cash on hand December 31, 1912...................................................

$2,700
31,886
1,531
1,700
350
2

20
14
2
12

10
2
881

00
00
36
00
25
80
00
25
36
00
75
00
71

$39,113 48
Plan, permanent. Par value of shares, $100. Instalments are 25 cents
weekly.
Shares in force January 1, 1912, 1,917; shares issued during the year, 481;
shares, withdrawn during the year, 73; shares in force, 2,325. Borrowing
members, 22, holding 355 shares; non-borrowing members, 282, holding 1,970
shares. Female shareholders, 180, holding 1,232 shares. Total dividends
credited members during the year on instalment shares, $1,101.35; rate 4
per cent. Total dividends forfeited by withdrawing members during the
year, $89.96.
No unpaid withdrawals. Amount of shares matured during the year,
$1,700. Entrance or membership fee, 25 cents per share. Operating expenses,
as defined in section 227 of the Banking Law, incurred and paid during the
year, $397.80. Unpaid, none.
,
Premium plan, gross. Interest paid by borrowing members, 12 cents per
week per share. No premium charged.
Loans have been made in Erie county, New York State. Largest mortgage
loan outstanding, $2,000. Mortgages in force in New York State, $25,100.
No foreclosures during the year.

CLINTON MUTUAL SAVINGS AND LOAN ASSOCIATION.
No. 379 William street, Buffalo, N. Y.
[Organized under Law o f 1851.
Officers.
P resid en t.................
Secretary ..................
Treasurer .................
A ttorn eys.................-

Commenced business 1878.]

Names.
^
FREDERICK GPAMLICH. .*..........
CHARLES KLING ..........................
CHARLES KLING ..........................
STEIN & BARBER.............................

Post-office addresses.
596 Clinton Street.
37 Laurel Street.
37 Laurel 'Street.
410 Brisbane Building.

ASSETS.

Loans on bond and m ortgage............................................................
Contracts for the sale of real estate.............................................
Real estate ..........................................................................................
Cash on hand and in bank................................................................
Advances for taxes, insurance, etc................................................. '.




$383,888
9,785
24, 853
25,344
896

06
29
23
05
34

$444,766 97

92

R eport on S a v in g s a n d L o an A ssociations .
LIABILITIES.

Due shareholders, instalment shares..............................................
Dividends credited ...............................................................................
Earnings undivided .............................................................................
Contingent fund (as per section 225 of Banking L a w )..........

$368,138
31,538
30, 740
14,350

25
49
09
14

$444,766 97
RECEIPTS.

Cash on hand January 1, 1912........................................................
Dues on instalment shares credited to members.........................
Money borrowed .................................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Heal estate sold.....................................................................................
Fees received .......................................................................................
Interest received .................................................................................
Rent received ___ •
...............................................................................
Advances repaid ...................................................................................
Reverted dividends .............................................................................
Received on judgment........................................................................
Sale of old safe.................-..................................................................
Real estate contracts..........................................................................
Profit on real estate.............................................................................
Appraisal fees rebated........................................................................

$14,439
218,359
5,000
57, 361
6,238
1,291
22,576
1,160
266
1 , 393

30
00
00
59
23
25
37
00
56
10

2 0 00
8 00

7,117 21
615 00
46 00
$335,891 61

DISBURSEMENTS.

Loaned on m ortgage..........................................................................
Instalment dues repaid on withdrawal, or applied on loans..
Dividends paid on withdrawal, or applied on loans...................
Paid matured shares ........................................................................
Paid borrowed money and prior mortgages.................................
Paid interest on borrowed money and prior mortgages..........
Paid for real estate............................................................................
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage.........................................
Paid repairs to real estate..............................................................
Paid taxes, insurance, etc..................................................................
Paid banking department, examination .......................................
Paid banking department, assessment ..........................................
Advances for taxes, insurance, e tc....................................................
Loss on real estate...............................................................................
Dues r e p a id ...........................................................................................
Foreclosure costs .................................................................................
Real estate commissions....................................................................
Real estate contracts..........................................................................
Cash on hand, December 31, 1912....................................................

$73,961
177,295
8 , 433
31,517
5,000
25
4,743
3,098
387
906
966
61
32
485
413
38
152
115
2,915
25,344

35
25
82
47
00
00
52
50
17
08
11
50
26
77
23
50
03
00
00
05

$335,891 61
Plan, permanent. Par value of shares, $130. Instalments are 25 cents
weekly.
Shares in force January 1, 1912, 16,754; shares issued during the year,
15,481; shares withdrawn during the year, 14,560; shares in force, 17,675.
Borrowing members, 180, holding 1,730 shares; non-borrowing members, 2,770,
holding 15,945 shares. Female shareholders, 1,787, holding 9,212 shares.
Total dividends credited members during the year on instalment shares,
$15,456.83; rate 5 per cent.
Total dividends forfeited by withdrawing
members during the year, $1,393.10.




E r ie C o u n t y .

93

No unpaid withdrawals. Amount of shares matured during the year,
$31,517.47. Entrance or membership fee, 25 cents per share. Operating
expenses, as defined in section 227 of the Banking Law, incurred and paid
during the year, $3,485.67. Unpaid, none.
No premium plan. Interest paid by borrowing members, 6 per cent. No
premium charged.
Loans have been made in Erie county, New York State. Largest mortgage
loan outstanding, $5,500. Mortgages in force in New York State, $383,888.06.
One foreclosure during the year.
DEPEW CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION.
Depew, N. Y.
[Organized under Law of 1894.
Officers.
P resid en t....................
Secretary .....................
Treasurer ....................
Attorney ......................

J.
H.
J.
S.

Commenced business 1895.]

Names.
Post-office addresses.
FRED PETTYS..................................... Depew, N. Y.
A. SHORT.............................................. Depew, N. Y.
O. GOULD.............................................. Depew, N. Y.
JAY OHART........................................... Depew, N. Y.
ASSETS.

Loans on bond and mortgage ........................................................
Real estate ...........................................................................................
Cash on hand and in bank................................................................

$30, 900 00
1» 113 26
35,268 96
$67,282 22

LIABILITIES.

Due shareholders, instalment shares...............................................
Dividends credited ..............................................................................
Earnings undivided ............................................................................
Contingent fund (as per section 225 of Banking L a w )..............

$59,718
5, 594
1,127
841

08
46
85
83

$67,282 22
RECEIPTS.

Cash on hand January 1, 1912..........................................................
Dues on instalment shares credited to members.........................
Mortgages redeemed, foreclosed or transferred to real estate..
Pees r e ce iv e d ............................................... ........................................
Interest r e ce iv e d ..................................................................................
Rent received ......................................................................................

$20,305
43,429
11,600
22:
3, 026
28

72
38
00
25
26
00

$78,411 61
DISBURSEMENTS.

Loaned on mortgage ..........................................................................
Instalment dues repaid on withdrawal, or applied on loans. .
Dividends paid on withdrawal, or applied on loans...................
Paid salaries and clerk-hire ........................................... ! ..............
Paid advertising, printing and p o s ta g e .........................................
Paid repairs to real estate ..............................................................
Paid taxes, insurance, etc...................................................................
Paid banking department, examination .....................................
Paid banking department, assessm ent...........................................
Com m issions..........................................................................................
S ta tion ery ..............................................................................................
Cash on hand December 31, 1912....................................................




$ 10 , 700
29,396
2 , 393
415
9
33
70
24
4

00
87
50
00
00

40
33
75
05
88 00
7 75
35,268 96

$78,411 61

94

R eport on S av in g s a n d L oan A ssociations .

Plan, permanent. Par value of shares, $100. Instalments are 16% cents
and 25 cents weekly.
Shares in force January 1, 1912, 2,057; shares issued during the year, 230;
shares withdrawn during the year, 370; shares in force, 1,917. Borrowing
members, 33, holding 321 shares; non-borrowing members, 189, holding 1,596
shares. Female shareholders, 13 holding 157 shares. Total dividends credited
members during the year on instalment shares, $2,287.72; rate 8 per cent.
No unpaid withdrawals. Entrance or membership fee, 25 cents per share.
Operating expenses, as defined in section 227 of the Banking Law, incurred
and paid during the year $519.75. Unpaid, none.
Premium plan, premium-interest. Interest paid by borrowing members,
8 cents per share per week. Premium paid by borrowing members, 2 per
cent.
Loans have been made in Erie county, New York State. Largest mortgage
loan outstanding, $2,500. Mortgages in force in New York State, $30,900. No
foreclosures during the year.

EAST SIDE SERIAL SAVINGS AND LOAN ASSOCIATION.
No. 344 East Genesee street, Buffalo, N. Y.
[Organized under Law of 1892.

Commenced business 1894.]

Officers.
Names.
P re sid e n t.................
ALEXANDER FRANKE ...........
Secretary .................. FRED W. MOELICH..................
Treasurer .................
WILLIAM G E R B E R ....................
A tto rn e y s.............STEIN & BARBER................................

Post-office addresses.
553 Sherman Street.
284 Cherry Street.
115 East Genesee Street.
410 Brisbane Bldg.

ASSETS.

Loans on bond and mortgage............................................................
Loans on shares ...................................................................................
Cash on hand and in bank................................................................
Furniture and fixtures........................................................................

$30, 955
890
2,907
135

00
00
20
45

$34,887 65
LIABILITIES.

Due shareholders, instalment shares................................................
Dividends cre d ite d .............................................................................
Earnings undivided .............................................................................
Contingent fund (as per section 225 of Banking L a w )...............
Unearned or rebatable premium........................................................

$31,058
2, 531
704
525
. 66

75
99
91
12
88

$34,887 65
RECEIPTS.

Cash on hand January 1, 1912..........................................................
Dues on instalment shares credited to members........................
Mortgages redeemed, foi^closed or transferred to real estate..
Loans on shares repaid........................................................................
Fees r e ce iv e d .........................................................................................
Interest received ...................................................................................
Advances repaid ...................................................................................

$3,236 56
26,388 00
950 00
1,711 00
118 25
1> 944 16
169 51
$34,457 48

DISBURSEMENTS.

Loaned on mortgage ----- %
..................................................................
Loaned on shares...................................................... ........................
Instalment dues repaid on withdrawal, or applied on lo a n s ..




.

$3,930 00

1,221 00
24,891 00

E r ie C o u n t y .
Dividends paid on withdrawal, or applied to loans....................
Paid salaries and clerk-hire ............................................................
Paid advertising, printing and postage...........................................
Paid r e n t ................................................................................................
Paid taxes, insurance,- etc...................................................................
Paid banking department, examination .......................................
Paid banking department, assessm ent............................
Advances for taxes, insurance, etc.................................................
Cash on hand, December 31, 1912...................................................

95

$858
439
67
55
2
21
2
61
2,907

84
21
97
23
00
00
48
55
20

$34,457 48
Plan permanent. Par value of shares, $130. Instalments are 25 cents
weekly.
Shares in force January 1, 1912, 1,986; shares issued during the year,
473; shares withdrawn during the year, 307; shares in force, 2,152. Bor­
rowing members, 20, holding 221 shares; non-borrowing members, 316, hold­
ing 1,931 shares. Female shareholders, 170, holding 910 shares. Total divi­
dends credited members during the year on instalment shares, $1,031.89;
rate 4 per cent.
No unpaid withdrawals. Entrance or membership fee, 25 cents per share.
Operating expenses, as defined in section 227 of the Banking Law, incurred
and paid during the year, $564.41. Unpaid, none.
Premium plan, gross. Interest paid by borrowing members, 6 per cent, on
mortgage loans; 5 per cent, to 6 per cent, on straight loans. Premium
paid by borrowing members, $5 per share.
Loans have been made in Erie county, New York State. Largest mortgage
.loan outstanding, $3,510. Mortgages in force in New York State, $30,955.
No foreclosures during the year.

ELLICOTT PERMANENT SAVINGS AND LOAN ASSOCIATION.
No. 17 East Genesee street, Buffalo, N. Y.
[Organized
Officers.
P resid en t.................
Secretary ...................
Treasurer .................
Attorney ...................

under Law of 1851. Commenced business 1889.]
Names.
Post-office addresses.
PHILIP GOETZMANN.................. 17 East Genesee Street.
HENRY F. HOLTZ, J r .................. 33 East Eagle Street.
EDWARD D. REED........................ German-American Bank.
WILLIAM G. KILHOFFER.........
308 Brisbane Bldg.
ASSETS.

Loans on bond and mortgage..............................................................
Stocks and bonds..................................................................................
Cash on hand and in bank..................................................................
Furniture and fixtures........................................................................

$44,840
1,760
8,168
190

00
00
28
00

$54, 958 28
LIABILITIES.

Due shareholders, instalment shares...............................................
Dividends c re d ite d ....................................... 1.............................. ..
Earnings undivided ............................................................................
Contingent fund (as per section 225 of Banking L a w )..............

$46,419
5, 450
1, 902
1, 186

20
10
98
00

$54,958 28
RECEIPTS.

Cash on hand January 1, 1912........................................................
Dues on instalment shares credited to members...........................




$6,513 08
49, 069 99

96

R eport on S a v in g s a n d L oan A ssociations .

Mortgages redeemed, foreclosed or transferred to real estate..
Fees received .........................................................................................
Interest re ce iv e d ..................................................................................

$12,352 50
150 50
2,951 28
$71,037 35

DISBURSEMENTS.

Loaned on mortgage.............................................................................
Instalment dues repaid on withdrawal, or applied on lo a n s .. .
Dividends paid on withdrawal, or applied on loans...................
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage...........................................
Paid rent ...............................................................................................
Paid banking department, examination.........................................
Paid banking department, assessment.............................................
State League dues.................................................................................
Cash on hand December 31, 1912........................................................

$11,500
49, 143
1,459
583
62
91
19
4
5
8,168

00
46
78
00
78
25
68
12
00
28

$71,037 35
Plan, permanent. Par value of shares, $130. Instalments are 25 cents
weekly.
Shares in force January 1, 1912, 3,633; shares issued during the year, 602;
shares withdrawn during the year, 406; shares in force, 3,829. Borrowing
members, 41, holding 365 shares; non-borrowing members, 368, holding 3,464
shares. Female shareholders, 141, holding 876 shares. Total dividends cred­
ited members during the year on instalment shares, $1,917.70; rate 4% per
cent.
No unpaid withdrawals. Entrance or membership fee, 25 cents per share.
Operating expenses, as defined in section 227 of the Banking Law, incurred
and paid during the year, $742.03. Unpaid, none. No premium plan. In­
terest paid by borrowing members, 6 per cent. No premium charged.
Loans have been made in Erie county, New York State. Largest mortgage
loan outstanding, $2,500. Mortgages in force in New York State, $44,840.
No foreclosures during the year.

ELM PERMANENT LOAN ASSOCIATION.
No. 357 Broadway, Buffalo, N. Y.
[Organized unddr Law of 1851.
Officers.
P re sid e n t.................
Secretary ...................
Treasurer .................
Attorney ...................

Commenced business 1879.]

Names.
PETER WTEGAND..........................
GEORGE H. W AH L.........................
JOHN SATTLER..............................
AUGUST B E C K E R ..........................

Post-office addresses.
419 Adam Street.
357 Broadway.
990 Genesee Street.
414 Mutual Life Bldg.

ASSETS.

Loans on bond and m ortgage.....................................
Loans on shares............................................................
Contracts for the sale of real estate/.....................
Real e s t a t e ....................................................................
Cash on hand and in bank.......................................
Furniture and fixtures...............................................
Interest, premium, fees and fines due and unpaid
Advances for taxes, insurance, e t c . . . ’.....................




$2,150
701
11,213
24,939
213
125
895
171

00
91
00
18
62
00
23
77

$40,409 71

E r ie C o u n t y .

97

LIABILITIES.

Due shareholders, instalment shares...............................................
Dividends credited ..............................................................................
Prior mortgages ..................................................................................
Earnings undivided ............................................................................
Contingent fund (as per section 225 of Banking L a w )..............
Accrued interest ..................................................................................

$15,545
2, 301
18, 760
3. 358
123
320

75
10
06
27
61
92

$40,409 71
RECEIPTS.

“
Cash on hand January 1, 1 9 1 2 ........................................................
Dues on instalment shares credited to members...........................
Money borrowed ..................................................................................
Loans on shares repaid............ _.......................................................
Real estate sold....................................................................................
Lines received .........................................................................
Interest received ................................................................................
Premium received ................................................................................
Rent received ............................................. .........................................
Advances r e p a id .............................................................................
Loss on real estate..............................................................................
Individual account ..............................................................................

$937
882
3,000
169
50
25
646
215
1, 552
193
292
49

55
07
00
09
00
00
19
39
00
86
08
45

$8,012 68
DISBURSEMENTS.

Instalment dues repaid on withdrawal, or applied on loa n s.. ..
Raid borrowed money and prior mortgages...................................
Paid interest on borrowed money and prior mortgages............
R aid salaries and clerk-hire..............................................................
Paid advertising, printing and postage...........................................
Raid r e n t ................................................................................................
Paid repairs to real estate............ ; .................................................
Paid taxes, insurance, e tc ....................................................................
Paid banking department, examination.........................................
Paid banking department, assessment...........................................
Loss on real estate........ .......................................................................
Sundry expense ...........................................
Individual account ..............................................................................
■Cash on hand December 31, 1912......................................................

$1,229
3,900
1,097
160
9
27
437
533
26
3
292
33
49
213

79
00
45
00
35
00
68
59
50
17
08
00
45
62

$ 8,012 68
Plan, permanent. Par value of shares, $100. Instalments are 25 cents, 50
cents, 75 cents and $1 monthly.
Shares in force January 1, 1912, 1,937.4; shares issued during the year,
none; shares withdrawn during the year, none; shares in force, 1,937.4. Bor­
rowing members, 8, holding 76.32 shares; non-borrowing members, 93, holding.
1,861.08 shares. Female shareholders, 16, holding 108.9 shares.
Amount of filed and unpaid withdrawals December 31, 1912, $6,526.34.
Entrance or membership fee, $1. Operating expenses, as defined in section 227
of the Banking Law, incurred and paid during the year, $229.35. Unpaid,
none.
Premium plan, premium-interest. Interest- paid by borrowing members,
45 per cent. Premium paid by borrowing members, 2 per cent.
Loans have been made in Erie county, New Lork State. Largest mortgage
loan outstanding, $1,150. Mortgages in force in New York State, $2,150. No
foreclosures during the year.
4




98

R eport on S a y in g s a n d L o an A ssociations .
ERIE SAVINGS AND LOAN ASSOCIATION.
No. 39 Erie street, Buffalo, N. Y.
[Organized under Law o f 1851.

Officers.
P re sid e n t.................
Secretary ...................
Treasurer .................
Attorney ...................

Commenced business 1884.]

Names.
Post-office addresses.
WILLIAM A. JOYCE.........................................
39
ErieStreet.
W. H. HELFER...................................................
39
Erie Street.
W. H. D. BARR................................................... 39
Erie Street.
JOHN M. H ULL..................................................
39
Erie Street.
ASSETS.

Loans on bond and m ortgage............................................................
Loans on shares.....................................................................................
Contracts for the sale of real estate................................................
Beal estate ...........................................................................................
Cash on hand and in bank................................. ..............................
Furniture and fixtures........................................................................

$648,090
15,265
7,652
64, 884
12,461
570

34
76
88
87
66
00

$748,925 51
LIABILITIES.

Due shareholders, instalment shares.............................................
Due shareholders, savings shares....................................................
Dividends c r e d ite d ...............................................................................
Borrowed m o n e y ..................................................................................
Earnings undivided .............................................................................
Contingent fund (as per section 225 of Banking L a w )............

$374,229
283,525
52,187
15, 000
1, 408
22,575

00
75
19
00
57
00

$748,925 51
RECEIPTS.

Cash on hand January 1, 1912..........................................................
Dues on instalment shares credited to members..............................
Dues on savings sh a r e s ......................................................................
Money borrowed ...................................................................................
Mortgages redeemed, foreclosed or transferred to real esta te..
Loans on shares repaid........................................................................
Fines re ce iv e d .......................................................................................
Interest receiv ed ......................... .........................................................
Rent receiv ed .........................................................................................
Real estate contracts.............................................................................

$29,821
154,738
212, 656
40, 000
130, 830
75,437
3
42, 360
3, 990
6,173

65
25
39
00
53
00
78
56
00
26

$696,011 42
DISBURSEMENTS.

Loaned on mortgage.............................................................................
Loaned on shares...................................................................................
Instalment dues repaid on withdrawal, or applied on loans. . .
Paid savings sh a re s.............................................................................
Dividends paid on withdrawal, or applied on loans.....................
Paid borrowed money and prior mortgages.................................
Paid interest on borrowed money and prior mortgages..............
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage.........................................
Paid rent . . . . . . ....................... ......................................................
Paid repairs to real estate................................................................
Paid taxes, insurance, e tc ..................................................................
Paid banking department, examination.........................................
Paid banking department, assessment...........................................
Officers’ bonds .......................................................................................




$201, 212
68, 685
146,945
172, 934
17, 200
63, 000
1, 067
3,531
L 233
L 000
2,151
L 318
76
53
64

50
26
25
O
O
35
00
53
OO
62
00
21
^2
25
84
00

E r ie C o u n t y .

99

Land contracts ....................................................................................
Mortgage t a x e s ....................................................................................
Telephone ...............................................................................................
Sundries..................................................................................................
A pp ra isa ls..............................................................................................
Furniture ..............................................................................................
Cash on hand December 31, 1912.....................................................

$817
989
36
110
502
60d
12,461

33
50
00
24
00
56
66

$696,011 42
Plan, permanent and serial. Par value of shares, $100 and $130. Instal­
ments are 25 cents weekly.
Shares in force January 1, 1912, 34,710; shares issued during the year,
18,746; shares withdrawn during the year, 11,565; shares in force, 41,891.
Borrowing members, 558, holding 18,873 shares; non-borrowing members,
4,617, holding 23,018 shares. No record of female shareholders. Total divi­
dends credited to members during the year on instalment shares, $20,368.65;
rate, 5% per cent. Total dividends credited or paid in cash to members dur­
ing the year on other shares, $9,936.09'; rate, 4 per cent.
No unpaid withdrawals. Entrance or membership fee, 25 cents per share.
Operating expenses, as defined in section 227 of the Banking Law, incurred
and paid during the year, $6,496.86. Unpaid, none.
Premium plan, premium-interest. Interest paid by borrowing members, 6
per cent. Premium paid by borrowing members
of 1 per cent.
Loans have been made in Cattaraugus and Erie counties, New York State.
Largest mortgage loan outstanding, $8,000. Mortgages in force in New York
State, $648,000.34. No foreclosures during the year.

y
2

FREEHOLD SAVINGS AND LOAN ASSOCIATION.
No. 809 Main street, Buffalo, N. Y.
[Organized under Law of 1851.
Officers.
P re sid e n t.................
Secretary ..................
Treasurer .................
Attorney ...................

Commenced business 1891.1

Names.
FRANK P. PERSON............................
JOHN A. KESSEL..............................
CHARLES J. F IX ................................
GODFREY M. FROHE.......................

Post-office addresses.
390
Elm Street.
515
Washington Street.
808
Main Street.
476
Ellicott Square.

ASSETS.

Loans on bond and m ortgage............................................................
Loans on shares....................................................................................
Cash on hand and in bank..................................................................
Furniture and fixtures........................................................................
Advances for taxes, insurance, etc...................................................

$102,270
275
21, 376
312
219

00
00
05
20
46

$124,452 71
LIABILITIES.

Due shareholders, instalment .shares...............................................
Dividends credited ..............................................................................
Earnings undivided ............................................................................
Contingent fund (as per section 225 of Banking L a w )............
Unearned or rebatable premium.......................................................




$100,997
12, 462
9, 204'
1,493
295

72
67
21
11
00

$124,452 71

100

R eport on S a v in g s a n d L o an A ssociations .
r e c e ip t s .

Cash on hand January 1, 1912........................................................
Dues on instalment shares credited to members.......................
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares repaid......................................................................
Real estate sold.....................................................................................
Fees received .........................................................................................
Interest received .................................................................................
Advances r e p a id ..........................
Payment on account of loss through defalcation.........................
Profit and loss.......................................................................................

$20,147
71,307
12, 145
425

63
86

52
00

997 77
192 75
6 ,5 5 7 92

142 81
300 00
271 00
$112,488 26

DISBURSEMENTS.

Loaned on mortgage..............................................! ............................
Loaned on shares...................................................................................
Instalment dues repaid on withdrawal, or applied on loa n s.. ..
Dividends paid on withdrawal, or applied on loans.....................
Paid matured shares............................................................................
Paid salaries and clerk-hire......................................... ; ..................
Paid advertising, printing and postage....................
Paid rent ...............................................................................................
Paid repairs to real estate.........................................
Paid taxes, insurance, etc..................................................................
Paid banking department, examination............................
Paid banking department, assessment............................................
Officers’ b o n d s ................
Telephone ..........................................................................................
Profit and loss.......................................................................................
Examining committee ........................................................................
Burglary and office insurance............................................................
Real estate committee..........................................................................
Attorney fees .. . ; .................................................................................
Sundry ex p en se.....................................................................................
Cash on hand December 31, 1912......................................................

$25,081 52
700 00
57, 866 71
1,345 70
3, 510 00
1,052 00
129 40
435 00
34 10
151 91
24 90
8 46
42 50
35 00
3 00
42 00
1315
49 40
52 00
535 46
21,376 05
$112,488 26

Plan, permanent. Par value of shares, $130. Instalments are 25 cents
weekly.
Shares in force January 1, 1912, 5,521; shares issued during the year, 793;
shares withdrawn during the year, 403; shares in force, 5,911. Borrowing
members, 21, holding 218 shares; non-borrowing members, 607, holding 5,693
shares. Female shareholders, 332, holding 2,068 shares. Total dividends
credited members during the year on instalment shares, $3,974.21; rate, 4%
per cent. Total dividends forfeited by withdrawing members during the year,
$1,891.01.
No unpaid withdrawals. Amount of shares matured during the year,
$3,510. Entrance or membership fee, 25 cents per share. Operating expenses,
as defined in section 227 of the Banking Law, incurred and paid during the
year, $2,333.91. Unpaid, none.
Premium plan, gross. Interest paid by borrowing members, 6 per cent.
Premium paid by borrowing members, $10 per share.
Loans have been made in Erie county, New York State. Largest mortgage
loan outstanding, $10,500. Mortgages in force in New York State, $102,270.
N o foreclosures during the year.




E r ie C o u n t y

101

GERMAN CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION.
No. 568 Genesee street, Buffalo, N. Y.
[Organized under Law of 1894.

Attorney ...................

Commenced business 1898 ]

L. P. HANCOCK.......................

Mutual Life Ins. Bldg.

ASSETS.

Loans on bonds and mortgage.............. .............................................
Loans on shares....................................................................................
Real e s t a t e ............................................................................................
Cash on hand and in bank.....................................................
Furniture and fixtures ......................................................................
Advances for taxes, insurance, etc...................................................

$29, 040
1,080
583
2,270
146
262

00
00
87
95
50
38

$33,383 70
LIABILITIES.

Due shareholders, instalment shares...............................................
Dividends credited ..............................................................................
Earnings undivided ........................... .................................................
Contingent fund (as per section 225 of Banking L a w )..........

$29,414
3, 289
269
410

40
37
93
00

$33,383 70
RECEIPTS.

Cash on hand January 1,1912........................................................
Dues on instalment sharescredited to members.............................
Money borrowed ..................................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares r e p a id ......................................................................
Fees received ........................................................................................
Interest receiv ed ..................................................................................
Premiums received ..................
Advances repaid ..................................................................................
Reverted dividends ..............................................................................
Gash over ............................................
In d iv id u als.............................................................................................

$568
29,683
1, 200
4,010
1, 837
23
1,999
128
59
8
5
1. 004

71
67
00
00
03
45
13
47
81
00
62
34

$40,528 23
DISBURSEMENTS.

Loaned on m ortg a g e............................................................................
Loaned on shares ................................................................................
Instalment dues repaid on withdrawal, or applied on lo a n s .. ..
Dividends paid on withdrawal, or applied on loans..................
Paid borrowed money and prior mortgages...................................
Paid interest on borrowed money and prior mortgages..............
Paid for real estate ............................................................................
Paid salaries and clerk h ire................................................................
Paid advertising, printing and p o s ta g e ..'....................................
Paid rent ...............................................................................................
Paid taxes, insurance, etc..................................................................
Paid banking department, examination........................................
Paid banking department, assessment .. .'.....................................
Officers’ bonds ......................................................................................




$2, 010
900
281 134
,
488
4, 400
206
3
665
37
62
175
76
2
13

00
00
73
31
00
85
62
53
70
00
14
00
63
00

102

R eport on S a v in g s a n d L oan A ssociations .

Legal expense.........................................................................................
Com missions...........................................................................................
Sundry expenses ...................................................................................
Cash short .............................................................................................
In dividu als.............................................................................................
Cash on hand, December 31, 1912...................: ...............................

$40 00
13 04
23 47
92
1, 004 34
2,270 95
$40,528 23

Plan, permanent. Par value of shares, $50 and $130. Instalments are
10 cents and 25 cents weekly.
Shares in force January 1, 1912, 2,575; shares issued during the year, 730;
shares withdrawn during the year, 602; shares in force, 2,703. Borrowing
members, 26, holding 224 shares; non-borrowing members, 443, holding 2,479shares. Female shareholders, 182, holding 872 shares. Total dividends
credited members during the year on instalment shares, $1,021.02; rate 3
per cent.
No unpaid withdrawals. Entrance or membership fee, 25 cents per mem­
ber. Operating expenses, as defined in section 227 of the Banking Law,
incurred and paid during the year. $814.74. Unpaid, none.
Premium plan, instalments. Interest paid by borrowing members, 6 per
cent. Premium paid by borrowing members, 1 per cent.
Loans have been made in Erie county, New York State. Largest mortgage
loan outstanding, $2,080. Mortgages in force in New York State, $29,040.
No foreclosures during the year.

y
2

GOODELL PERMANENT LOAN ASSOCIATION.
No. 109 Goodell street, Buffalo, N. Y.
[Organized under Law o f 1851.
Officers
P re sid e n t.................
Secretary .................
Treasurer ................
Attorney ...................

Commenced business 1888.]

Names.
J. HENRY WALLENHORST.........
JOHN R. SCH W EIGERT.. .; .........
WILLIAM C. GERLACH................
CHARLES J. DECKOP...................

Post-office addresses
82 Goodell Street.
34 Holland Place.
207 Goodell Street.
328 Brisbane Bldg.

ASSETS.

Loans on bonds and mortgage............................................................
Real estate ...........................................................................................
Cash on hand and in b a n k ................................................................
Interest, premium, fees and fines due and unpaid

$57, 685 00
2, 700 00
2, 606 79

§286 14

$62,991 79
LIABILITIES.

Due shareholders, instalment shares................................................
Dividends credited ...............................................................................
Earnings undivided .............................................................................
Contingent fund (as per section 225 of Banking L a w )..............
Unearned or rebatable premium ......................................................

$53,897
6, 665
429
1, 650
350

25
27
27
00
00

$62,991 79
RECEIPTS.

Cash in hand January 1, 1912..........................................................
Dues on instalment shares credited to members...........................
Mortgages redeemed, foreclosed or transferred to real estate..




$2, 249 35
34.604 75
2,140 00

E r ie C o u n t y .

103

Fees received ........................................................................................
Interest r eceiv ed ..................................................................................
Premium received ..............................................................................
Rent r eceiv ed ........................................................................................
F orfeitu res.............................................................................................

$118
3, 096
120
20
1

00
25
00
00
00

$42,349 35
DISBURSEMENTS.

Loaned on m ortg a g e............................................................................
Instalment dues repaid on withdrawal, or applied on loans..
Dividends paid on withdrawal, or applied on loans...................
Paid salaries and clerk hire ............................................................
Paid advertising, printing and postage...........................................
Paid rent ...................................................................
Paid repairs to real estate......................................
Paid taxes, insurance, etc..................................................................
Paid banking department, examination.........................................
Paid banking department, assessment.............................................
Officers’ bonds ......................................................................................
Appraisal committee ..........................................................................
Legal services ..................
Office fixtures and r e p a ir s ..................................................................
Cash on hand December 31, 1912.....................................................

$3, 420 00
32,911 25
2,455 78
.748 00
7 96
78 00
12 51
53 60
19 25
4 66
12 00
3 00
5 00
11 55
2,606 79
$42,349 35

Plan, permanent. Par value of shares, $130. Instalments are 25 cents
weekly.
Shares in force January 1, 1912, 2,391; shares issued during the year,
464; shares withdrawn during the year, 22; shares in force, 2,833. Borrowing
members, 40, holding 223 shares; non-borrowing members, 369, holding 2,610
shares. Female shareholders, 240, holding 1,379 shares. Total dividends
credited members during the year on instalment shares, $2,587.96; rate 4
per cent, to 5 per cent.
No unpaid withdrawals. Entrance or membership fee, 25 cents per share,
Operating expenses, as defined in section 227 of the Banking Law, incurred
and paid during the year, $860.51. Unpaid, none.
Premium plan, gross. Interest paid by borrowing members, 6 per cent.
Premium paid by borrowing members, $5 per share.
Loans have been made in Erie county, New York State. Largest mortgage
loan outstanding, $5,500. Mortgages in force in New York State, $57,685.
No foreclosures during the year.
HAMBURGH SAVINGS AND LOAN ASSOCIATION.
Main street, Hamburgh, N. Y.
[Organized under Law of 1851.
Officers.
P re sid e n t.................
Secretary ..................
Treasurer .................
Attorney ...................

Commenced business 1890.]

Names.
NEWTON C. FISH ...................
GEORGE J. BRENDEL...........
OTHO CHURCHILL...............
FRANK C. BRENDEL.............

Post-office addresses.
Hamburgh, N. Y.
Hamburgh, N. Y.
Hamburgh, N. Y.
528 Brisbane Bldg., Buffalo,
N. Y.

ASSETS

Loans on bond and m ortgage.......................
Loans on shares...............................................
Contracts for the sale of real estate........




$51,993 43
2,664 00
1,170 00
$55,827 43

104

R eport ox S a v in g s a n d L oan A ssociations .
LIABILITIES.

Due shareholders, instalment shares..............................................
Dividends credited ...............................................................................
Earnings undivided .............................................................................
Contingent fund (as per section 225 of Banking L a w )..........
Unearned or rebatable premium......................................................
Bank overdraft ...................................................................................

$44,999
7,216
400
974
350
1,886

75
80
76
11
00
01

$55,827 43
RECEIPTS.

Cash on hand January 1, 1912............ ...........................................
Dues cm instalment shares credited to members.........................
Money borrowed ...................................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares repaid......................................................................
Heal estate sold........ ' .........................................................................
Fees received .......................................................................................
Fines received
...................................................................................
Interest received .................................................................................
Premium received ..................................................; ..........................
Rent received ........ .‘ ............................................................................
Received on contract...........................................................................
Bank o v e r d r a ft.....................................................................................

$2,419
18,042
3,000
14,675
4,201
2,012
78
15
3, 317
220
5
30
1,886

10
25
00
00
00
85
50
05
76
00
00
00
01

$49,902 52
DISBURSEMENTS.

Loaned on mortgage ..........................................................................
Loaned on shares .................................................................................
Instalment dues repaid on withdrawal, or applied on loans.. .
Dividends paid on withdrawal, or applied on loans..................
Paid matured shares ...........................................................
Paid borrowed money and prior mortgages.................................
Paid interest on borrowed money and prior mortgages............
Paid for real estate ..........................................................................
Paid salaries and clerk-hire ............................................................
Paid advertising, printing and postage ....................
Paid r e n t ...............................................................................................
Paid banking department, examination................... ......................
Paid banking department, assessment...........................................
Attorney f e e s ........................................................................................
Committee expenses ..........................................................................
In cid en ta ls.............................................................................................
Contract account .................................................................................

$6,500
1,675
12,443
829
14,913
10,000
246
1,375
254
15
85
19
5
335
5

00
00
00
47
10
00
76
OO.
00
O
O
00
00
14
50
80
75
1,200 00

$49,902 52
Plan, serial. Par value of shares, $130. Instalments are 25 cents weekly.
Shares in force January 1, 1912, 1,421; shares issued during the year, 562;
shares withdrawn during the year, 596; shares in force, 1,387. Borrowing
members, 26, holding 256 shares; non-borrowing members, 219, holding 1,131
shares. Female shareholders, 48, holding 377 shares. Total dividends cred­
ited members during the year on instalment shares, $2,986.20; rate, 6^> per
cent. Total dividends forfeited by withdrawing members during the vear,
$1,297.45.
X o unpaid withdrawals.
Amount of shares matured during the year,
$11,897.50. Entrance or membership fee, 25 cents per share. Operating
expenses, as defined in section 227 of the Banking Law, incurred and paid
during the year, $360.55. .Unpaid, none.




105

E r ie C o u n t y .

Premium plan, gross. Interest paid by borrowing members, 6 per cent.
Premium paid by borrowing members, $5 per share.
Loans have been made in Erie county, New York State. Largest mortgage
loan outstanding, $6,000. Mortgages in force in New York State, $51,993.43.
Two foreclosures during the year.

HERCULES PERMANENT SAVINGS AND LOAN ASSOCIATION.
No. 217 Cherry street, Buffalo, N. Y.
[Organized under Law of 1851.
Officers.
P resid en t.................
Secretary ...................
Treasurer .................
Attorney ...................

Commenced business 1885.]

Names.
Post-office addressea
ALIOS REGER........................................... 76 Rose Street.
WILLIAM C. CRAMER............................ 24 Locust Street.
GEORGE S P IN D L E R ..............................
217 Cherry Street.
JACOB STEIN ......................................... Mooney Bldg.
ASSETS.

Loans on bond and mortgage ..........................................................
Cash on hand and in b a n k ................................................................
Furniture and fixtures ......................................................................

$1,560 00
2,713 07
50 00
$4,323 07

LIABILITIES.

Due shareholders, instalment shares.............................................
Dividends credited ............................................................................
Contingent fund (as per section 225 of Banking L a w ).............

$4,099 75
136 27
87 05
$4,323 07

RECEIPTS.

Cash on hand January 1, 1912..........................................................
Dues on instalment shares credited to members...........................
Mortgages redeemed, foreclosed or transferred to real estate..
Fees received ........................................................................................
Interest received .................................................................................

$916
11,855
4,810
89
177

86
52
00
33
99

$17,849 70
DISBURSEMENTS.

Instalment dues repaid on withdrawal, or appliedon loa n s.. . .
Dividends paid on withdrawal, or applied on loans....................
Paid salaries and clerk-hire ............................................................
Paid advertising, printing and postage.........................................
Paid banking department, exam ination ......................................
Paid banking department, assessm ent..........................................
Officers’ b o n d s ......................................................................................
Cash on hand, December 31, 1912...................................................

$14,899
67
149
1
12

25
38
10
80
55
55
6 00
2,713 07

$17,849 70
Plan, permanent. Par value of shares, $130. Instalments are 25 centa
weekly.
Shares in force January 1, 1912, 743; shares issued during the year, 62;
shares withdrawn during the year, 120; shares in force, 685. Borrowing
members, 2, holding 23 shares; non-borrowing members, 72, holding 662
shares. Female shareholders, 28, holding 198 shares. Total dividends cred*




1106

R eport on S a v in g s a n d L o an A ssociations .

y
2

ited members during the year on instalment shares, $103.24; rate, 3
per
cent.
No unpaid withdrawals. Entrance or membership fee, 25 cents per share.
Operating expenses, as defined- in section 227 of the Banking Law, incurred:
and paid during the year, $156.90. Unpaid, none.
Premium plan, gross. Interest paid by borrowing members, 6 per cent.
No premium charged.
Loans have been made in Erie county, New York State. Largest mortgage
loan outstanding, $910. Mortgages in force in New York State, $1,560. N o
foreclosures during the year.
HOMESTEAD SAVINGS AND LOAN ASSOCIATION.
No. 360 Pearl street, Buffalo, N. Y.
[Organized under Law of 1851.
Officers.
President....................
Secretary ..................
Treasurer .................
Attorney ...................

Commenced business 1884.]

Names.
Post-office addresses.
GEORGE T R O U P .............................................
Buffalo, N. Y.
CHARLES H. RODGERS................................
Buffalo, N. Y.
CHARLES E. MOREY..................................... Buffalo, N. Y.
FRED GREINER .............................................
Buffalo, N. Y.
ASSETS.

Loans on bond and m ortgage............................................................
Loans on sh ares....................................................................................
Contracts for the sale of real estate...............................................
Real e s t a t e .............................................................................................
Cash on hand and in bank..................................................................
Fruniture and fix tu re s........................................................................
Advances for taxes, insurance, etc....................................................

$714,080
29, 980
3,800
27, 140
25, 364
1, 508
316

Off
00
Off
61
14
65
98

$802,190 38
LIABILITIES.

Due shareholders, instalment shares ..............................................
Due shareholders, income shares ....................................................
Balance to be paid borrowers on mortgage loa n s.. .....................
Earnings undivided .............................................................................
Contingent fund (as per section 225 of Banking L a w )...............
Unearned or rebatable premium........................................................
Income share dividends ....................................................................
Suspended dues .....................................................................................
Contingent dividends ........................................................................

. . ■

$705, 264
23, 100
7, 400
7,265
37, 000
6,668
600
248
14, 643

17
Off
Off
60
Off
75
Off
21
65

$802,190 38
RECEIPTS.

Cash on hand January 1, 1912..........................................................
Dues on instalment shares credited to members...........................
Dues on income shares........................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares repaid.........................................................................
Real estate sold ...................................................................................
Fees received .........................................................................................
Interest received ...................................................................................
Premium received .................................................................................
Rent re ceiv ed .........................................................................................
Advances repaid ...................................................................................
Individual accounts .............................................................................
Land contracts .....................................................................................
Suspended dues .....................................................................................




$140,477 68
284,658 70
3, 500 00
75,955 00
111,540 00
4, 562 64
1, 126 50
39,848 21
4, 616 Off
530 Off
13 12
5, 569 58
7, 946 Off
241 2ff
$680,584 63

E r ie C o u n t y .

107

DISBURSEMENTS.

Loaned on mortgage ..........................................................................
Loaned on shares ................................................................................
Instalment dues repaid on withdrawal, or applied on lo a n s .. ..
Paid income shares..............................................................................
Cash dividends paid on income and accumulative prepaid shares
Paid matured shares ..........................................................................
Paid for real estate............................................................................
Paid salaries and clerk-liire................................................................
Paid advertising, printing and postage...........................................
Raid r e n t ................................................................................................
Paid taxes, insurance, etc.......................................................... . . .
Paid banking department, examination...........................................
Paid banking department, assessment.............................................
Sundry expense ..................................... ' . ............................................
Individual accounts ............................................................................
Suspended dues ................................................................. *............ •..
Contingent dividends ..........................................................................
Mortgage taxes ..................................................................................
Registry fees ........................................................................................
Premium rebated ............................................................................
Furniture and fixtures ......................................................................
Interest rebated ....................................................................................
Cash on hand, December 31, 1912...................................................

$233. 830 00
120.487 00
171. 288 67
2.100 00
763 00
77, 613 43
27,570 61
4, 308 00
468 05
812 34
376 87
74 50
55 12
1.423 43
5, 661 34
231 78
5, 860 50
652 50
1 00
61 50
1, 508 65
43 20
25.364 14
$680,584 63

Plan, permanent. Par value of shares, $100 and $50. Instalments are 10
cents and 20 cents weekly, monthly and quarterly.
Shares in force January 1. 1912, 44,699; shares issued during the year,
8,543; shares withdrawn during the year, 9,410; shares in force, 43,832.
Borrowing members, 377, holding 8,166 shares; non-borrowing members 2,495,
holding 35,666 shares. Female shareholders, 1,553, holding 20,645 shares.
Total dividends credited members during the year on instalment shares,
$30,250.23; rate 4 per cent.
Total dividends credited or paid in cash to members during the year on other
shares, $763; rate 4 per cent.

No unpaid withdrawals. Amount of shares matured during the year,
$77,613.43. Entrance or membership fee, 20 cents per share. Operating
expenses, as defined in section 227 of the Banking Law, incurred and paid
during the year, $6,998.70. Unpaid, none.
Premium plan, gross. Interest paid by borrowing members, 5 per cent, and
6 per cent. Premium paid by borrowing members, $4 per share.
Loans have been made in Erie and Genesee counties, Xew York State.
Largest mortgage loan outstanding, $10,200. Mortgages in force in Xew York
State, $714,080. X o foreclosures during the year.

HYDRAULIC MUTUAL SAVINGS AND LOAN ASSOCIATION.
X o. 780 Seneca street, Buffalo, X . Y.
[Organized under Law of 1851.
Officers.
President...................
Secretary ..................
Treasurer .................
Attorney ...................

Commenced business 1881.]

Names.
EDWARD A S T .....................................
JULIEN A. RIESTER......................
EUGENE J. RIESTER......................
HENRY J. ROSCHE..........................

Post-office addresses.
210 Baitz Avenue.
230East Ferrv Street.
1583Niagara Street.
287East North Street.

ASSETS.

Loans on bond and m ortgage............................................................
Heal e s t a t e .............................................................................................




$72,045 50
13, 303 08

108

R eport on S a v in g s a n d L o an A ssociations .

Cash on hand and in bank................................................................
Furniture and fixtures........................................................................

$20,917 41
75 00
$106,340 99

LIABILITIES.

Due shareholders, instalment shares................................................
Dividends credited ...............................................................................
Earnings undivided ............................................................................
Contingent fund (as per section 225 of Banking L a w ). . . . . . .
Unearned or rebatable premium........................................................

$89,555
5, 056
8, 385
1, 372
1,971

52
05
57
18
67

$106,340 99
RECEIPTS.

Cash on hand January 1, 1912.................•
........................................
Dues on instalment shares credited to members...........................
Mortgages redeemed, foreclosed or transferred to real estate..
Fees received .........................................................................................
Fines received .......................................................................................
Interest received .................................................................................
Premium r eceiv ed .................................................................................
Rent re ce iv e d .........................................................................................
Profit and loss..........................

: v-

■'

■

$18,210
36, 558
11,020
298
14
4, 647
630
1,474
13

:

58
50
50
37
34
86
00
25
93

$72,868 33
DISBURSEMENTS.

Loaned on mortgage..................................................... .......................
Instalment dues repaid on withdrawal, or applied on loa n s.. ..
Paid matured shares ........................................................................
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage.......................................
Paid r e n t ................................................................................................
Paid repairs to real estate................................................................
Paid taxes, insurance, e t c ....................................................................
Paid banking department, exam ination .........................................
Paid banking department, assessm ent...................................' . . . .
Officers’ bonds .......................................................................................
Collection of rents.................................................................................
County clerk certificate......................................................................
Premium rebated .................................................
Cash on hand, December 31, 1912......................................................

$6,930
26, 834
16,078
692
48
522
516
19
8
20
147
132
20, 917

00
29
68
95
20
00
34
47
25
24
00
42
25
83
41,

$72,868 33
Plan, permanent. Par value of shares, $100. Instalments are 25 cents
weekly.
Shares in force January 1, 1912, 3,011; shares issued during the year,
1,178; shares withdrawn during the year, 1,362; shares in force, 2,827. Bor­
rowing members. 51, holding 620 shares; non-borrowing members, 420, holding
2,207 shares. Female shareholders, 225, holding 1,104 shares. Total divi­
dends credited members during the year on instalment shares, $5,056.05;
rate, 6 per cent.
No unpaid withdrawals. Amount of shares matured during the year,
$16,078.68. Entrance or membership fee, 25 cents per share. Operating ex­
penses, as defined in section 227 of the Banking Law, incurred and paid
during the year, $908.57. Unpaid, none.
Premium plan, gross. Interest paid by borrowing members, 12% cents per
share per week. Premium paid by borrowing members, $10 per share.
Loans have been made in Erie county, New York State. Largest mortgage
loan outstanding, $3,307 50. Mortgages in force in New York State, $72,045.50. No foreclosures during the year.




109

E r ie C o e x t y ,

INDUSTRY PERMANENT DIME SAVINGS AND LOAN ASSOCIATION.
No. 173 Peckham street, Buffalo, N. Y.
[Organized under Law of 1851.
Officers
P re sid e n t.................
Secretary ...................
Treasurer .................
Attorney ...................

Commenced business 1891.]

Names.
CHARLES E. THIESFELD...............
P. J. P. ROSENKRANZ......................
WILLIAM B R U E C K ............................
THEODORE STEEG ..........................

Post-office addresses.
147 Peckham Street.
18 Sweeney Street.
74 Grey Street.
571 William Street.

ASSETS.

Loans on bonds and m ortg a g e...........................................................
Real e s t a t e ............................................................................................
Cash on hand and in b a n k ................................................................

$21,100 00
1,189 14
5, 765 94
$28,055 08

LIABILITIES.

Due shareholders, instalment shares...............................................
Dividends credited ..............................................................................
Earnings undivided ............................................................................
Contingent fund (as per section 225 of Banking L a w ).............
Unearned or rebatable premium......................................................

$22, 236
2, 497
1,228
1,193
900

25
12
43
28
00

$28,055 08
RECEIPTS.

Cash on hand January 1, 1912..........................................................
Dues on instalment shares credited to members...........................
Mortgages redeemed, foreclosed or transferred to real estate..
Fees received ......................................................................................
Fines received ....................................................................................
Interest received ................................................................................
Premium received ..............................................................................

$10,708
14,215
2, 500
151
2
1,311
900

11
52
00
95
00
46
00

$29,789 04
DISBURSEMENTS.

Loaned on mortgage ..........................................................................
Instalment dues repaid on withdrawal, or applied on lo a n s ...
Dividends paid on withdrawal, or applied on loans..................
Paid salaries and clerk-hire......................................... .................. ..
Paid rent ................................................................................ ..............
Paid taxes, insurance, etc...................................................................
Paid banking department, exam ination ........................................
Paid banking department, assessm ent..........................................
Recording, etc........................................................................................
Cash on hand, December 31, 1912...................................................

$9,000 00
13,833 01
701 55
424 50
10 00
28 69
20 90
201
2 44
5,765 94
$29,789 04

Plan, permanent. Par value of shares, $1Q0. Instalments are 10 cents
weekly.
Shares in force January 1, 1912, 2,157; shares issued during the year,
2,240; shares withdrawn during the year, 2,074; shares in force, 2,323. Bor­
rowing members, 11, holding 237 shares; non-borrowing members, 162, holding
2,086 shares. Female shareholders, 67, holding 840 shares. Total dividends
credited members during the year on instalment shares, $953.54; rate, 4 per
cent.




110

R eport on S av in g s a n d L oan A ssociations .

No unpaid withdrawals. Entrance or membership fee, 10 cents per share.
Operating expenses, as defined in section 227 of the Banking Law, incurred
and paid during the year, $436.94. Unpaid, none.
Premium plan, gross. Interest paid by borrowing members, 10 cents per
share per week. Premium paid by borrowing members, $10 per share.
Loans have been made in Erie county, New York State. Largest mortgage
loan outstanding, $5,400. Mortgages in force in New York State, $21,100.
No foreclosures during the year.
IRISH-AMERICAN SAYINGS AND LOAN ASSOCIATION.
No. 138 Pearl street, Buffalo, N. Y.
[Organized under Law of 1851.
Officers.
P re sid e n t.................
Secretary ..................
Treasurer .................
A ttorn eys...................

Commenced business 1884.]

Names.
Post-office addresses.
WILLIAM J. FORSYTH................................... Buffalo, N. Y.
JOSEPH W. DOOLEY...................................... Buffalo, N. Y.
JAMES HANRAHAN......................................... Buffalo, N. Y.
CRANGLE & COCHRANE................................ Buffalo, N. Y.
ASSETS.

Loans on bond and mortgage .......................................................... $1,486,444 84
Loans on sh a res...................................................................................
49,301 65
Cash on hand and in bank................................................................
106,587 30
Instalments due and unpaid..........................................
Interest, premium, fees and fines due and unpaid.

$445 75
225 45

$1,642,333 79
LIABILITIES.

Due shareholders, instalment shares .............................................. $1,194,096 50
Due shareholders, savings shares....................................................
222,793 82
Dividends credited ...............................................................................
135,236 80
Earnings undivided .............................................................................
8,326 67
Contingent fund (as per section 225 of Banking L a w )...............
80,000 00
Unearned or rebatable premium......................................................
1,880 00
$1,642,333 79
RECEIPTS.

Cash on hand January 1, 1912..........................................................
Dues on instalment shares credited to members.......................
Dues on savings shares ....................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares repaid........................................................................
Fees re ce iv e d .....................„ .................................................................
Fines received .......................................................................................
Interest received .................................................................................
Advances repaid ...................................................................................

$108,184 91
526, 664 50
118,749 03
139,900 07
29,615 75
3,094 75
38 98
87,532 17
70 60
$1,013,850 76

DISBURSEMENTS.

Loaned on m ortg a g e...........................................................................
Loaned on sh a res.................................................................................
Instalment dues repaid on withdrawal, or applied on lo a n s .. . .
Paid savings shares .............................................................................
Dividends paid on withdrawal, orapplied on loans......................
Paid matured shares ..........................................................................
Paid salaries and clerk-hire ............................................................
Paid advertising, printing andpostage..........................................




$362,140
36,346
276, 945
56,588
20,558
141,157
7,689
1,289

00
15
25
18
15
75
21
81

E r ie C o u n t y .

I l l

Paid rent ...................................................................................
Paid taxes, insurance, etc..................................................................
Paid banking department, exam ination ........................................
Paid banking department, assessm ent.......................
In cid en ta ls.............................................................................................
A u d it in g ................................................................................................
A p p ra isa ls.............................................................................................
■Cash on hand, December 31, 1912....................................................

$1,800
70
153
107
462
126
1,828
106,587

00
60
90
25
83
00
38
30

$1,013,850 76
Plan, serial. Par value of shares, $130. Instalments are 25 cents weekly.
Shares in force January 1, 1912, 51,125; shares issued during the year,
19,714; shares withdrawn during the year, 9,589; shares in force, 61,250.
Borrowing members, 610, holding 6,700 shares; non-borrowing members,
4,490, holding 54,550 shares. Female shareholders, 2,245, holding 27,275
shares. Total dividends credited members during the year on instalment
shares, $62,296.55; rate 4 per cent, to 6 per cent. Total dividends credited
or paid in cash to members during the year on other shares, $7,466.91; rate,
4 per cent. Total dividends forfeited by withdrawing members during the
year, $2,136.36.
No unpaid withdrawals. Amount of shares matured during the year,
$141,157.75. Entrance or membership fee, 25 cents per share. Operating
expenses, as defined in section 227 of the Banking Law, incurred and paid
•during the year, $13,196.23. Unpaid, none.
Premium plan, gross. Interest paid by borrowing members, 5 per cent, and
< per cent. No premium charged.
5
Loans have been made in Erie county, New York State. Largest mortgage
loan outstanding, $16,369. Mortgages in force in New York State, $1,486,444.84. One foreclosure during the year.

l o v e j y p e r m a n e n t d im e s a v in g s a n d l o a n a s s o c ia t io n .
o

No. 668 William street, Buffalo, N. Y.
[Organized under Law of 1851.
Officers.
President.....................
Secretary ..................
Treasurer .................
Attorney ...................

Commenced business 1891.]

Names.
ANTON VOLK......................................
CHARLES LOWENSTEIN.................
GEORGE WIENER..............................
J. ADAM W EISS................................

Post-office addresses.
668 William Street.
1546 Fillmore Avenue.
198 Shumwav Street.
606 Mutual Life Bldg.

ASSE TS.

Loans on bond and mortgage .........................................................
Loans on sh a re s...................................................................................
'Cash on hand and in bank................................................................

$14,712 50
1, 467 50
4,532 10
$20,712 10

L IA B IL IT IE S .

T)ue shareholders, instalment shares .............................................
Dividends credited .................................................................. ............
Earnings undivided ............................................................................
Contingent fund (as per section 225 of Banking L a w )...............
Unearned or rebatable premium ..................................................; .




$17,169
1,333
668
1, 000
540

73
86
51
00
00

$20,712 10

ill 2

R eport on S a v in g s a n d L o an A ssociations .
r e c e ip t s .

Cash on hand January 1, 1912............................................................
Dues on instalment shares credited to members...........................
Mortgages redeemed, foreclosed or transferred to real estate. . .
Loans on shares r e p a id ......................................................................
Fees received .......................................................................................
Fines received .....................................................................................
Interest received .................................................................................
Premium rece iv e d .................................................................................

$4,107 27
19,610 07
6,960 00
1,129 75
166 15
8 97
1,124 75
568 38
$33% 675 34

DISBURSEMENTS.

Loaned on m ortg a g e...........................................................................
Loaned on sh a res.................................................................................
Instalment dues repaid on withdrawal, or applied on loa n s.. . .
Dividends paid on withdrawal,or applied on loans...............
Paid salaries and clerk-hire ............................................................
Paid advertising, printing and postage ...................
Paid rent ...............................................................................................
Paid banking department, assessm ent...........................................
Officers’ bonds .......................................................................................
Appraisal fees .....................................................................................
Overpaid dues .......................................................................................
Overpaid in te r e s t.....................•
..........................................................
Cash on hand, December 31, 1912......................................................

$4,500
1,375
21, 504
1,161
499
3
25
22
12
26
1
12
4,532:

OO
00
65
88
75
25
00
71
00
OO
00
00
10

$33,675 34
Plan, permanent. Par value of shares, $100. Instalments are 10 cents
weekly.
Shares in force January 1, 1912, 2,992; shares issued during the year,
2,144; shares withdrawn during the year, 2,260; shares in force, 2,876.
Borrowing members, 20, holding 490 shares; non-borrowing members, 256,
holding 2,386 shares. Female shareholders, 124, holding 1,133 shares. Total
dividends credited members during the year on instalment shares, $975.37;
rate, 6 per cent.
No unpaid withdrawals. Entrance or membership fee, 10 cents per. share.
Operating expenses, as defined in section 227 of the Banking Law, incurred
and paid during the year, $566. Unpaid, none.
Premium plan, gross. Interest paid by borrowing members, 6 per cent.
Premium paid by borrowing members, $7.50 per share.
Loans have been made in Erie county, New York State. Largest mortgage
loan outstanding, $2,795. Mortgages in force in New York State, $14,712.50.
No foreclosures during the year.
NIAGARA SAVINGS AND LOAN ASSOCIATION.
North Niagara street, Tonawanda, N. Y.
[Organized under Law o f 1851.
Officers.
P re sid e n t.................

Secretary ....................

Treasurer .................
Attorney ...................

Commenced business 1890.]

Names.
Post-office addresses.
FRED ENG ELK IN G ................................... Tonawanda, N. Y.

E. W. B E T T S ..................................................

JOHN G. WALLENMEIER......................
JOHN K. PATTON----- •
.............................

Tonaw anda, N. Y.

Tonawanda, N. Y.
Tonawanda, N. Y.

ASSE TS.

Loans on bond and mortgage............................................................
Loans on sh ares....................................................................................
Real estate .............................................................................................




$698,487 93
6. 500 00
1,628 11

E r ie C o u n t y .

1 13

Cash on hand and in bank............................................................; .
Furniture and fix tu res.................................................................... , .
Advances for taxes, insurance, etc.................................................
Instalments due and unpaid........................................
Interest, premium, fees and fines due and unpaid. .

$7,053 82
464 50
45 47

$1,320 50
552 97

$714,179 83
LIABILITIES.

Due shareholders, instalment shares................................. •
.............
Dividends credited ..............................................................................
Borrowed m o n e y ..................................................................................
Earnings undivided ............................................................................
Contingent fund (as per section 225 of Banking L a w )...............

$586, 137
84,835
2, 870
20, 337
20,000

00
15
00
68
00

$714, 179 83
RECEIPTS.

Cash on hand January 1, 1912.......................................................... „
Dues on instalment shares credited to members.............................
Money borrowed ..................................... , ..........................................
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares repaid........ .............................................................
Real estate sold....................................................................................
Fees received ........................................................................................
Fines received .........................................................................
Interest received ..................................................................................
Premium r eceiv ed ................................................................................
Advances repaid ........................................... '......................................
Individual accounts ............................................................................

$6
214,909
116,210
106,131
5,070
415
1, 587
354
41,808
2, 315
46
435

25
25
00
50
00
87
50
99
84
06
89
26

$489,291 41
DISBURSEMENTS.

Loaned on m ortgage............................................................................
Loaned on shares.................................................................................
Instalment dues repaid on withdrawal, or applied on lo a n s .. . .
Dividends paid in withdrawal o f applied on loans.......................
Paid matured shares ............................................................................
Paid borrowed money and prior mortgages........................
Paid interest on borrowed money and prior mortgages...............
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage................................
Paid r e n t ................................................................................................
Paid banking department, exam ination .........................................
Paid banking department, assessm ent...........................................
Officers’ b o n d s ........................................................................................
Advances for taxes, insurance, etc....................................................
Individual accounts .............................: .............................................
Legal services ......................................................................................
Adding machine and protectorgraph...............................................
Appraisal fees ......................................................................................
Cash on hand, December 31, 1912.....................................................

$152,620
2, 860
77, 894
6, 409
114,140
123,750
663
1,325
108
100
80
50
17
28
464
2
549
1,173
7,053

00
00
25
50
00
00
97
00
60
00
50
24
50
97
26
60
20
00
82

$489,291 41
Plan, serial. Par value of shares, $130. Instalments are 25 cents weekly.
Shares in force January 1, 1912, 15,991; shares issued during the year,
6.136; shares withdrawn during the year, 4,679; shares in force, 17,448.
Borrowing members, 513, holding 5,120 shares; non-borrowing members, 1,857,




114

R eport on S a v in g s a n d L o an A ssociations .

holding 12,328 shares. Female shareholders, 944, holding 6,210 shares. Total
dividends credited members during the year on instalment shares, $38,993.25;
rate, 6 per cent. Total dividends forfeited by withdrawing members during
the year, $1,524.65.
jS o unpaid withdrawals.
Amount of shares matured during the year,
$114,140. Entrance or membership fee, 25 cents per share. Operating ex­
penses, as defined in section 227 of the Banking Law, incurred and paid
during the year, $2,724.10. Unpaid, none.
Premium plan, instalment. Interest paid by borrowing members, 6 per cent.
Premium paid by borrowing members, 2 cents per share per week.
Loans have been made in Erie and Niagara counties, New York State.
Largest mortgage loan outstanding, $6,800. Mortgages in force in New York
State, $698,487.93. One foreclosure during the year.

PEOPLE’S DIME SAVINGS AND LOAN ASSOCIATION, No. 2 .
No. 338 Genesee street, Buffalo, N. Y.
[Organized under Law of 1851.
Officers.
P re sid e n t.................
Secretary ..................
Treasurer .................
Attorney ...................

Commenced business 1890.]

Names.
GEORGE J. FLIERL............................
FRED .SCHULTZ ...............................
A. C. KRANICHFELD..........................
J. J. STEIN.............................................

Post-office addresses.
45 Waverly Street.
166 Cherry Street.
434 Genesee Street.
Brisbane Building.

ASSETS.

Loans on bond and m ortgage........................
Real estate ..........................................................
Cash on hand and in bank...............................
Furniture and fixtures.....................................

$74,400
7,178
9,125
403

00
09
64
08

$91, 106 81
LIABILITIES.

Due shareholders, instalment shares................................................
Dividends credited ...............................................................................
Earnings undivided .............................................................................
Contingent fund (as per section 225 of Banking L a w )............

$81,321
6, 922
1 288
1,575

20
18
43
00

$91, 106 81
RECEIPTS.

Cash on hand January 1, 1912..........................................................
Dues on instalment shares credited to members............................
Mortgages redeemed, foreclosed or transferred to real estate..
Fees r e ce iv e d .........................................................................................
Fines received .......................................................................................
Interest r e ce iv e d ........................
Rent received .......................................................................................

$4, 354 53
60, 889 90
8, 000 00
483 00
59 06
3,567 27
403 86
$77,757 62

DISBURSEMENTS.

Loaned on mortgage.............................................................................
Instalment dues repaid on withdrawal, or applied on lo a n s .. . .
Dividends paid on withdrawal, or applied on loans...................
Paid salaries and clerk-hire....................... .......................................
Paid advertising, printing and postage.......................................
Paid repairs to real estate................................................................




$16, 700
49, 129
1,003
1,323
74
25

00
18
82
00
55
16

E r ie C o u n t y .

115

Paid taxes, insurance, e t c . . . .......... .................................................
Paid banking department, exam ination .........................................
Paid banking department, assessm ent...........................................
State League d u e s ..............
Light and water ..................................................................................
Appraisal committee ..........................................................................
Books and sundry expenses................................................................
Cash on hand,. December 31, 1912...................................................

$177
20
5
5
60
6
101
9,125

11
40
8$
00
28
00
60
64

$77,757 62
Plan, permanent. Par value of shares, $100. Instalments are 10 cents weekly.
Shares in force January 1, 1912, 9,864; shares issued during the year, 4,830;
shares withdrawn during the year, 2,486; shares in force, 12,208. Borrowing
members, 41, holding 744 shares; non-borrowing members, 935, holding 11,464
shares. Female shareholders, 563, holding 6,043 shares. Total dividends
credited members during the year on instalment shares, $2,217.80; rate, 4
per cent.
No unpaid withdrawals. Entrance or membership fee, 10 cents per share.
Operating expenses, as defined in section 227 of the Banking Law, incurred
and paid during the year, $1,570.43. Unpaid, none.
X o premium plan. Interest paid by borrowing members, 6 per cent. X o
premium charged.
Loans have been made in Erie county, New York State. Largest mortgage
loan outstanding, $6,500. Mortgages in force in New York State, $74,400.
X o foreclosures during the year.

POLISH CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION.
No. 615 Fillmore avenue, Buffalo, N. Y.
[Organized under Law of 1894.

Commenced business 1909.]

Officers.
P re sid e n t.................
Secretary ..................

Names.
ANTHONY SC H R E IB E R ...................
S. S. NOWICKI.....................................

Post-office addresses.
662 Fillmore Avenue.
615 Fillmore Avenue.

Attorney ...................

LEON J. NOWAK.................................

801 Fillmore Avenue.

T re a s u re r

. . . ^..........

S. L I P O W I C Z

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

1203 B ro a d w a y .

ASSETS.

Loans on bond and mortgage..............................................................
Cash on hand and in bank..................................................................
Interest, premium, fees and fines due and unpaid.......................

$53, 895 00
8, 323 36
84 24
$62,302 60

LIABILITIES.

Due shareholders, instalment shares .............................................
Due shareholders, savings shares ...................................................
Dividends credited ..............................................................................
Earnings undivided ............................................................................
Contingent fund (as persection 225 of Banking L a w )..............
Unearned or rebatable premium........................................................
Interest advanced ................................................................................

$33, 732
25, 853
1,466
878
235
36
101

00
20
40
62
00
38
00

$62,302 60
RECEIPTS.

Cash on hand January 1, 1912..........................................................
Dues on instalment shares credited to members.........................
Dues on savings shares ............................................................... ..




$4,891 18
28,454 75
34,794 52

116

R eport on S a v in g s a n d L o an A ssociations .

Mortgages redeemed, foreclosed or transferred to real estate..
Fees received .........................................................................................
Interest re ce iv e d ......................................
Premium re ceiv ed .................................................................................

$4,250 00
310 50
2,297 18
5 00
$75,003 13

DISBURSEMENTS.

Loaned on mortgage ..........................................................................
Instalment dues repaid on withdrawal, or applied on loans. .. .
Paid savings shares .............................................................................
Dividends paid on withdrawal, or applied on loans.......... .. .
Cash dividends paid on income and accumulative prepaid shares
Paid salaries and clerk-hire................................................................
Paid advertising, printing and postage...........................................
Paid rent ...............................................................................................
Paid banking department, exam ination ........................................
Paid banking department, assessment ...........................................
Cash on hand, December 31, 1912......................................................

$25,480 00
25, 065 50
14,251 32
611 11
520 53
370 00
254 22
100 00
24 25
2 84
8, 323 36
$75,003 13

Plan, permanent. Par value of shares, $130. Instalments are 25 cents
weekly.
Shares in force, January 1, 1912, 3,755; shares issued during the year,
6,935; shares withdrawn during the year, 3,961; shares in force, 6,729.
Borrowing members, 5, holding 19 shares; non-borrowing members, 517, hold­
ing, 6,710 shares. Female shareholders, 175, holding 1,693 shares. Total
dividends credited members during the year on instalment shares, $1,132.24;
rate, 4% per cent. Total dividends credited or paid in cash to members during
the year on other shares, $478.54; rate, 4 per cent.
No unpaid withdrawals. Entrance or membership fee, 25 cents per share.
Operating expenses, as defined in section 227 of the Banking Law, incurred
and paid during the year, $724.22. Unpaid, none.
Premium plan, gross. Interest paid by borrowing members, 6 per cent.
Premium paid by borrowing members, $4 per share.
Loans have been made in Erie county, New York State. Largest mortgage
loan outstanding, $3,500. Mortgages in force in New York State, $53,895.
No foreclosures during the year.
RICHMOND AVENUE PERMANENT DIME SAVINGS AND LOAN
ASSOCIATION.
No. 69 Grant street, Buffalo, N. Y.
[Organized under Law of 1851.
Offlceis.
P re sid e n t.................
Secretary ..................
Treasurer .................
Attorney ...................

Commenced business 1890.]

Names.
JOHN D E L L IN G E R ........................
CHARLES D. BIGELOW................
O. G. LAREAU...................................
HARRY E. NEUSE..........................

Post-office addresses.
125 Grant Street.
790 Ellicott Sq. Bldg.
69 Grant Street.
Mutual Life Bldg.

ASSETS.

Loans on bond and mortgage............................................................
Cash, on hand and in bank..................................................................
Furniture and fixtures ......................................................................




$235 00
28 48
85 00
$348 48

E r ie C o u n t y .

117

LIABILITIES.

Due shareholders, instalment shares.................................................
Contingent fund (as per section 225 of Banking L a w ).............
Salaries and r e n t .................................................................................

$7 50
240 98
100 00
$348 48

RECEIPTS.

Cash on hand January 1, 1912 . .............................-.........................

$28 48

DISBURSEMENTS.

"Cash on hand December 31, 1912....................................................

$28 48

Plan, permanent. Par value of shares, $100. Instalments are 10 cents
■weekly.
Shares in force January 1, 1912, none; shares issued during the year,
none; shares withdrawn during the year, none; shares in force, none.
No unpaid withdrawals. Operating expenses, as defined in section 227 of
the Banking Law, incurred and paid during the year, none. Unpaid, none.
Premium plan, gross. Interest paid by borrowing members, 6 per cent.
Premium paid by borrowing members, $4 per share on mortgage loans; $2 per
share on book loans.
Largest mortgage loan outstanding, $235. Mortgages in force in New
Y ork State, $235. No foreclosures during the year.

RIVERSIDE CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION.
No. 1911 Niagara street, Buffalo, N. Y.
[Organized under Law of 1894.
Officers.
P resident....................
Secretary ..................
Treasurer .................
Attorney ...................

Commenced business 1895.]

Names.
WILLIAM B R A N D T ...............
FRANK M. ROESSLER...........
GEORGE D E H LIN G E R .........
JOHN S. DRUAR.....................

Post-office addresses.
Grace and Tonawanda Sts.
27 Farmer Street.
4 Hartmann Place.
Erie Co. Sav. BankBldg.

ASSETS.

Xoans on bond and mortgage............................................................
Real estate ..........................................................................................
■Cash on hand and in bank..................................................................
Furniture and fixtures ......................................................................
Advances for taxes, insurance, etc...................................................
Instalments due and unpaid........................................
Interest, premium, fees and fines due and unpaid. .

$88,100
8,050
4,574
398
112

00
83
32
92
37

$140 00'
98 88

$101,236 44
LIABILITIES.

Due shareholders, instalment s h a r e s...............................................
Due shareholders, savings shares ...................................................
Due shareholders, matured shares ..................................................
Borrowed m o n e y ..................................................................................
Earnings undivided ............................................................................
Contingent fund (as per section 225 of Banking L a w )............




$74, 650
5,526
15,200
3,000
609
2,250

92
21
00
00
31
00

$101,236 44

118

R eport on S a v in g s a n d L oan A ssociations .
r e c e ip t s .

Cash on hand January 1, 1912........................................................
Dues on instalment shares credited to members.........................
Dues on savings s h a r e s ........................... .•
.........................................
Money borrowed ...................................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Fees received .......................................................................................
Interest received .................................................................................
...............
Premium received .............................................................. •
Rent re ce iv e d .........................................................................................
Advances repaid ....................................................................... t..........
S u n d ries...................................................................................... *
..........

$15,517
45,033
7,795
3,000
12,050
36
4,365
1,15S
242
352
7.

15
75
40
00
00
00
14
07
00
09
85

$89,557 45
DISBURSEMENTS.

Loaned on m ortg a g e........................................................ , ..................
Instalment dues repaid on withdrawal, or applied on lo a n s .. . .
Paid savings shares ...............................................
Paid interest on borrowed money and prior mortgages............
Paid for real estate ..........................................................................
Paid salaries and clerk-hire ............................................................
Paid advertising, printing and postage.........................................
Paid r e n t ...............................................................................................
Paid taxes, insurance, e tc ..................................................................
Paid banking department, exam in a tion .........................................
Paid banking department, assessment .........................................
Officers’ bonds .....................................................................................
Advances for taxes, insurance, etc....................................................
L ig h t s ......................................................................................... ; ..........
Cartage ..................................................................................................
Clearing office .......................................................................................
Water bills ...........................................................................................
Appraisal committee ..........................................................................
Furniture and fixtures ......................................................................
Cash on hand December 31, 1912......................................................

$34,600
35, 068
5,354
15
8,207
733
186
20
85
21
6
26
232
10
1
6
21
50
350
4,574

O
O
17
59
00
20
00
85
50
63
00
20
00
56
45
00
75
S5
00
29
32

$89,557 45
Plan, permanent. Par value of shares., $100. Instalments are 1 2 ^ cents
and 25 cents weekly.
Shares in force January 1, 1912, 3,436; shares issued during the year,
1,627; shares withdrawn during the year, 524; shares in force, 4,539. Bor­
rowing members, 72, holding 885 shares; non-borrowing members, 507, holding
3,654 shares. No record of female shareholders. Total dividends credited
members during the year on instalment shares, $3,845.15; rate, 5 per cent.
Total dividends credited or paid in cash to members during the year on' other
shares, $137.88; rate, 4 per cent. Total dividends forfeited by withdrawing
members during the year, $76.98.
No unpaid withdrawals. Amount of shares matured during the year,
$15,200. Operating expenses, as defined in section 227 of the Banking Law.
incurred and paid during the year, $1,020.55. Unpaid, none.
Premium plan, instalment. Interest paid by borrowing members, 5% per
cent, and 6 per cent. Premium paid by borrowing members, 3 cents per
share per week.
Loans have been made in Erie county, New York State. Largest mortgage
loan outstanding, $5,300. Mortgages in force in New York State, $88,100.
No foreclosures during the year.




E r ie C o u n t y .

119

SECURITY SAVINGS AND LOAN ASSOCIATION.
N o. 19 East Genesee street, Buffalo, N. Y .
[Organized under Law of 1910.
Officers.
President ...............
Secretary ...............
Treasurer ...............
Attorney .................

Commenced business 1912.]

Names.
FERDINAND GRIMM.............
FREDERICK BENNETT.........
EDWARD W. KUHN.................
JOSEPH A. W E C H T E R .........

Post-office addresses.
316 Terrace Street.
11 East Utica Street.
M. & T. Nat l Bank.
809 Chamber of Commerce.

ASSETS.

Cash on hand and in bank................................................................
Furniture and fixtures ......................................................................

$4, 965 42
25 00
$4,990 42

LIABILITIES.

—

■

Due shareholders, instalment shares.............................................
Earnings undivided ............................................................................

; ■

$4,934 25
56 17
$4,990 42

RECEIPTS.

=_=

.. _

Dues on instalment shares credited to members............ ..............
Fees received ........................................................................................
Interest received ................................................................................

$4,953 75
154 30
11 15
$5,119 20

DISBURSEMENTS.

=

Instalment dues repaid on withdrawal, or applied on loa n s.. .
Paid advertising, printing and'postage.........................................
Furniture and fixtures ....................................................................
Cash on hand December 31, 1912...................................................

$19
109
25
4,965

50
28
00
42

$5,119 20
Plan, serial. Par value of shares, $130. Instalments are 25 cents weekly.
Shares in force January 1, 1912, none; shares issued during the year, 1,543;
shares withdrawn during the year, 22; shares in force, 1,521. # No borrowing
members. Non-borrowing members, 155, holding 1,521 shares. Female share­
holders, 33, holding 168 shares. Entrance or membership fee, 10 cents per
share. Operating expenses, as defined in section 227 of the Banking Law,
incurred and paid during the year, $134.28. Unpaid, none.
Premium plan, gross. Interest paid by borrowing members, 6 per cent.
No premium charged.
No loans outstanding. No foreclosures during the year.

SYCAMORE AND JOHNSON SAVINGS AND LOAN ASSOCIATION.
No. 621 Sycamore street, Buffalo, N. Y.
[Organized under Law of 1851.
Officers
President ...................
Secretary ..................
Treasurer .................
Attorney ...................

Commenced business 1888.]

Names.
WILLIAM GERLACH ........................
GEORGE H. GEBAUER......................
OTTO M A Y E R ......................................
WM. O. WEIMAR...................................

Post-office addresses
159 Johnson street.
158 Johnson Street.
609 Sycamore Street.
455 Monroe Street.

ASSETS.

Loans on bond and mortgage............................................................
Cash on hand and in hank..................................................................




$40,430 00
8. 151 29

120

R eport on S a y in g s a n d L o an A ssociations .
L IA B IL IT IE S .

Due shareholders, instalment shares ..............................................
Dividends credited ...............................................................................
Earnings undivided .............................................................................
Contingent fund (as per section 225 of Banking L a w )...............

$45, 337
2,308
413
521

25
40
79
85

$48,581 29
RECEIPTS.

i . ----- r-;

Cash on hand January 1, 1912............................................................
Dues on instalment shares credited to members...........................
Mortgages redeemed, foreclosed or transferred to real estate..
Pees received .........................................................................................
Interest received ...................................................................................

$14, 471
21,353
1, 170
311
1, 584

17
25
00
50
97

$38,890 89
DISBURSEMENTS.

—■ -

Loaned on mortgage.............................................................................
Instalment dues repaid on withdrawal, or applied on loa n s.. . .
Dividends paid on withdrawal, or applied on loans.....................
Paid salaries and clerk-hire................................................................
Paid advertising, printing and postage..................................
Paid rent ...............................................................................................
Paid banking department, exam ination .........................................
Paid banking department, assessm ent...........................................
Officers’ bonds .......................................................................................
Cash on hand, December 31, 1912....................................................

.-

■
■
■

$11,570
17, 521
926
616
5
62
19
3
16
8, 151

00
00
48
00
00
50
25
37
00
29

$38,890 89
Plan, permanent. Par value of shares, $130. Instalments are 25 cents weekly.
Shares in force January 1, 1912, 1,601; shares issued during the year,
1,246; shares withdrawn during the year, 1,169; shares in force, 1,678. Bor­
rowing members, 56, holding 311 shares; non-borrowing members, 260, holding
1,367 shares. Female shareholders, 137, holding 577 shares. Total dividends
credited members during the year on instalment shares, $1,058.78; rate, 4
per cent.
No unpaid withdrawals. Entrance or membership fee, 25 cents per share.
Operating expenses, as defined in section 227 of the Banking Law, incurred
and paid during the year, $699.50. Unpaid, none.
No premium plan. Interest paid by borrowing members, 6 per cent. No
premium charged.
Loans have been made in Erie county, New York State. Largest mortgage
loan outstanding, $2,730. Mortgages in force in New York State, $40,430.
No foreclosures during the year.
WILLIAM AND SHERMAN MUTUAL SAVINGS AND LOAN
ASSOCIATION.
No. 592 William street, Buffalo, N. Y.
[Organized
Officers.
P resid en t....................
Secretary ...................
Treasurer .................
Attorney ...................

under Law of 1851. Commenced business 1882.]
Names.
Post-office addresses
GUSTAV K O C H ..................................
624William Street.
HENRY GEGER ................................. 114 Roehrer Avenue.
THEO. KUNZ ..................................... 38Goembel Avenue.
H. W. BRENDEL.........................
706Mutual Life Bldg.
ASSETS.

Loans on bond and m ortgage............................................................
Cash on hand and in b a n k ................................................................
Furniture and fixtures........................................................................




$9,200 00
8, 306 86
48 00
$17,554 86

121

E r ie C o u n t y .
LIABILITIES.

Due shareholder, instalment shares................................................
Dividends credited ..............................................................................
Earnings undivided ............................................................................
Contingent fund (as per section 225 of Banking L a w ).............
Unearned or rebatable premium.......................................................

$15,297
1,090
846
290
30

75
22
89
00
00

$17,554 86
...... .......... ..

RECEIPTS.

Cash on hand January 1, 1912..........................................................
$3,852 42
Dues on instalment shares credited to members...........................
7,521 25
Mortgages redeemed, foreclosed or transferred to real estate..
2, 250 00
Fees received ..................................................................................................
6675
Interest received ..................................................................................
644 74
Premium r eceiv ed ................................................................
$14,364 66
DISBURSEMENTS.

=

Loaned on mortgage............................................................................
Instalment dues rep&id on withdrawal, or applied on loans. . . .
Dividends paid on withdrawal, or applied on loa n s..................
Paid salaries and clerk-hire . . ..........................................................
Pliid advertising, printing and postage.........................................
Paid r e n t ................................................................................................
Paid banking departm en t..................................................................
Advances for taxes, insurance, etc...................................................
Cash on hand, December 31, 1912......................................................

$2,300
3, 359
112
230
32
6
15
2
8, 306

00
00
36
50
70
00
24
00
86

$14,364 66
Plan, permanent. Par value of shares, $100. Instalments are 25 cents weekly.
Shares in force January 1, 1912, 576; shares issued during the year, 267;
shares withdrawn during the year, 269; shares in force, 574. Borrowing
members, 6, holding 70 shares; non-borrowing members, 88, holding 504 shares.
Female shareholders, 34, holding 240 shares. Total dividends credited mem­
bers during the year on instalment shares, $543.04; rate, 4 per cent.
No unpaid withdrawals. Entrance or membership fee, 25 cents per share.
Operating expenses, as defined in section 227 of the Banking Law, incurred
and paid during, the year, $269.20. Unpaid, none.
Premium plan, gross. Interest paid by borrowing members, 6 per cent.
Premium paid by borrowing members, 2 per cent.
Loans have been made in Erie county, New York State. Largest mortgage
loan outstanding, $2,500. Mortgages in force in New York State, $9,200. No
foreclosures during the year.

y
2

WILLIAM STREET PERMANENT SAVINGS AND LOAN ASSOCIATION.
No. 291 William street, Buffalo, N. Y.
[Organized under Law of 1851.
Officers.
President
Secretary
Treasurer
Attorney

Commenced business 1879.]

Names.
JOSEPH B. MILLER.............
FRANK R. RUCKDESCHEL.
RUDOLPH GUNOLD .............
FRANK R. RUCKDESCHEL.

Post-office addresses.
259 Northampton Street.
59 Walnut Street.
171 Landon Street.
73 West Eagle Street.

ASSETS.

Loans on bond and m ortgage............................................................
Cash on hand and in bank..................................................................




$21,424 50
11, 677 51
$33,102 01

122

R eport on S a v in g s a n d L o an A ssociations .
LIABILITIES.

Due shareholders, instalment shares................................................
Dividends credited ...............................................................................
Earnings undivided .............................................................................
Contingent fund (as per section 225 of Banking L a w ) ............
Unearned or rebatable premium......................................................

$26, 132
2, 781
2, 043
1,500
645

00
31
45
00
25

$33,102 01
RECEIPTS.

Cash on hand January 1, 1912..........................................................
Dues on instalment shares credited to members...........................
Mortgages redeemed, foreclosed or transferred to real estate..
Eees re ce iv e d .........................................................................................
Interest received .................................................................................
Premium re ceiv ed .................................................................................

$15,287 81
12,714 25
1,930 50
140 75
1,275 28
391 50
$31,740 09

DISBURSEMENTS.

Loaned on mortgage.............................................................................
Instalment dues repaid on withdrawal, or applied on loa n s.. . .
Dividends paid on withdrawal, or applied on loans...................
Paid matured shares ...........................................................................
Paid salaries and clerk-hire..............................................................
Paid rent . ...............................................
Paid banking department, exam ination .........................................
Paid banking department, assessment............................................
Officers’ bonds . *.....................................................................................
Cash book and ledger.............................................................................
Passbooks ...............................................................................................
Cash on hand December 31, 1912....................................................

$5,791
8, 444
719
4,716
324
24
14
2
8
7
9
11,677

50
75
81
24
50
00
25
50
00
75
28
51

$31,740 09
Plan, permanent. Par value of shares, $100. Instalments are 25 cents weekly.
Shares in force January 1, 1912, 914; shares issued during the year, 563;
shares withdrawn during the year, 455; shares in force, 1,022. Borrowing
members, 25, holding 209 shares; non-borrowing members, 161, holding 813
shares.
Female shareholders, 81, holding 371 shares.
Total dividends
credited members during the year on instalment shares, $1,228.05; rate, 6
per cent.
No unpaid withdrawals. Amount of shares matured during the year,
$4,716.24. Entrance or membership fee, 25 cents per share. Operating ex­
penses, as defined in section 227 of the Banking Law, incurred and paid during
the year, $373.53. Unpaid, none.
Premium plan, gross. Interest paid by borrowing members, 6 per cent.
Premium paid by borrowing members, $7.25 per share.
Loans have been made in Erie county, New York State. Largest mortgage
loan outstanding, $2,466.75. Mortgages in force in New York State, $21,424.50.
N o foreclosures during the year.




F r a n k l in C o u n t y

123

FRANKLIN COUNTY.
SARANAC LAKE CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION.
No. 79 Main street, Saranac Lake, N. Y.
[Organized under Law of 1894.
Officers.
P re sid e n t.................
Secretary ...................
Treasurer .................
Attorney ...................

Commenced business 1899.]

Names.
WILLIAM J. CALLANAN....................
W. E. JOHNSON ................................
EUCLID C. PIN E..................................
HERBERT P. COATS..........................

Post-office addresses.
Saranac Lake, N. Y.
Saranac Lake, N. Y.
Saranac Lake, N. Y.
Saranac Lake, N. Y.

ASSETS.

Loans on bond and mortgage............................. ^............................
Loans on shares ..................................................................................
Cash on hand and in bank..................................................................
instalments due and unpaid..........................................
Interest, premium, fees and fines due and unpaid.. .

$80, 725 00
7, 275 00
524 11

$47 00
16 73

$88,524 11
LIABILITIES.

Due shareholders, instalment shares...............................................
Dividends credited ..............................................................................
Balance to be paid borrowers on mortgage loans.........................
Borrowed m o n e y ..................................................................................
Earnings undivided ............................................................................
Contingent fund (as per section 225 of Banking L a w )...............

-------- ;

$67, 659
14, 804
2, 100
1,200
1,511
1, 248

00
80
00
00
86
45

$88,524 11
RECEIPTS.

Cash on hand January 1, 1912..........................................................
Dues on instalment shares credited to members...........................
Money borrowed ..................................................................................
Mortgages redeemed, foreclosed or transferred to real estate. . .

. .... . .

$1,835
18,442
4, 850
3, 900

■ ■

68
00
00
00

Loans on shares rep a id ..............................................................................

2 ,4 15 00

Eees received ........................................................................................
Fines received .......................................................................................
Interest rece iv e d ...................................................................................
Premium received ............................... ....................................... .
Dividends returned, etc.......................................................................

106
4
3, 703
1, 062
88

00
35
25
29
06

$36,406 63
DISBURSEMENTS.

Loaned on mortgage............................................................................
Loaned on shares..................................................................................
Instalment dues repaid on withdrawal, or applied on loa n s.. . .
Dividends paid on withdrawal, or applied on loans...................
Paid matured shares ..........................................................................
Paid borrowed money and prior mortgages...................................
Paid interest on borrowed money and prior mortgages..............
Paid salaries and clerk-hire...............................................................
Paid advertising, printing and postage...........................................
Paid banking department, examination...........................................
Paid banking department, assessment...........................................
State League dues and expense........................................................
Recording tax ......................................................................................
Safe deposit b ox ..................................................................................
Cash on hand, December 31, 1912....................................................




................... -

$14,500
4, 990
6, 718
1,176
4, 607
3, 650
2
100
5
25
5
15
75
10
524

00
00
00
92
37
00
00
00
35
75
75
88
50
00
11

$36,406 63

12 4

R eport on S a y in g s a n d L oan A ssociations .

Plan, serial. Par value of shares, $200. Instalments are $1 monthly.
Shares in force January 1, 1912, 1,414; shares issued during the year, 422;
shares withdrawn during the year, 269; shares in force, 1,567. Borrowingmembers, 70, holding 488 shares; non-borrowing members, 206, holding 1,079
shares.
Female shareholders, 117, holding 618 shares. Total dividends
credited members during the year on instalment shares, $4,496.45; rate &
per cent. Total dividends forfeited by withdrawing members during the
year, $88.06.
No unpaid withdrawals. Amount of shares matured during the year,
$4,607.37. Entrance or membership fee, 25 cents per share. Operating
expenses, as defined in section 227 of the Banking Law, incurred and paid
during the year, $131.23. Unpaid, none.
Premium plan, premium-interest. Interest paid by borrowing members, 75
cents per share per month. Premium paid by borrowing members, 25 cents,
per share per month.
Loans have been made in Essex and Franklin counties, New York State.
Largest mortgage loan outstanding, $7,000. Mortgages in force in New Y ork
State, $80,725. No foreclosures during the year.

GENESEE COUNTY.
GENESEE COUNTY LOAN ASSOCIATION.
No. 112 Main street, Batavia, N. Y.
[Organized under Law of 1851.

Officers.
P re sid e n t.................
Secretary ..................
Treasurer .................
Attorney ...................

Commenced business 1879.]

Names.

P o st-o ffice a d d resses.

GEORGE W I A R D .............................................
W. G. POLLARD...............................................
JOHN W. PR A T T ...............................................
S. E. NORTH.....................................................

Batavia,
Batavia,
Batavia,
Batavia,

N.
N.
N.
N.

Y.
Y.
Y.
Y.

ASSETS.

Loans on bond and mortgage............................................................
Loans on sh ares...................................................................................
Stocks and bonds...................................................................................
Real estate .......... : .............. -..............................................................
Cash on hand and in bank............................. .....................................

$429,681
16, 832
10,000
8,000
17,378

05
00
00
00
29

$481,891 34
LIABILITIES.

Due shareholders, instalment shares ...........................................
Due shareholders, savings shares ....................................................
Dividends Credited ............................................................................
Due shareholders, matured shares....................................................
Balance to be paid borrowers on mortgage loans........................
Prior mortgages .................................................................................
Earnings undivided .............................................................................
Contingent fund (as per section 225 of Banking L a w )............

$150, 327
177,575
30,959
88,870
7,400
2,500
6,258
18,000

50
36
82
01
00
00
65
00

$481,891 34
RECEIPTS.

Cash on hand January 1, 1 9 1 2 . . . : ................................................
Dues on instalment shares credited to members...........................
Dues on savings sh ares......................................................................




$11,819 71
86,187 75
97, 776 42

G enesee C o u n ty.
Shares matured ..................................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares repaid......................................................................
Fees received ......................................................................................
Fines received ......................................................................................
Interest received ................................................................................
Rent received ......................................................................................
Reverted dividends ............................................................................

125

$38,723
59,652
17,359
14
1
24,099
340
261

75
56
00
00
75
79
00
84

$336,236 57
DISBURSEMENTS.

Loaned on mortgage............................................................................
Loaned on sh ares................................................................................
Instalment dues repaid on withdrawal, or applied on loans..
Paid savings s h a r e s ..,......................................................................
Dividends paid on withdrawal, or applied on loans..................
Paid matured shares ........................................................................
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage..............................
Paid repairs to real estate................................................................
Paid taxes, insurance, etc..................................................................
Paid banking department, examination .......................................
Paid banking department, assessment ................
State League dues................................................................................
Light and heat...........................................................
Su pplies..................................................................................................
Telephone...............................................................................................
Bonds purchased ................................................................................
Cash on hand December 31, 1912......................................................

$113,465
9,755
92,890
62,838
4,218
26,046
2,830
340
190
725
42
32
8
197
156
20
5,100
17,378

00
00
50
35
50
60
00
60
88
42
46
06
00
61
32
70
28
29

$336,236 57

Plan, permanent. Par value of shares, $125. Instalments are 25 cents
weekly.
Shares in force January 1, 1912, 7,057; shares issued during the year,
4,723; shares withdrawn during the year, 4,521; shares in force, 7,259.
Borrowing members, 92, holding 1,002 shares; non-borrowing members, 1,878,
holding 6,257 shares. Female shareholders, 937, holding 2,327 shares. Total
dividends credited members during the year on instalment shares, $2,522.28;
rate 5 per cent. Total dividends credited or paid in cash to members during
the year on other shares, $14,195.24; rate 4 per cent. Total dividends for­
feited by withdrawing members during the year, $261.84.
No unpaid withdrawals. Amount of shares matured during the year,
$46,770.30. Entrance or membership fee, 25 cents per member. Operating
expenses, as defined in section 227 of the Banking Law, incurred and paid
during the year, $3,553.23. Unpaid, none.
No premium plan. Interest paid by borrowing members, 5 per cent, to
6 per cent. No premium charged.
Loans have been made in Genesee county, New York State. Largest
mortgage loan outstanding, $7,286.32. Mortgages in force in New York State,
$427,181.05. No foreclosures during the year.




126

R eport on S a v in g s a n d L o an A ssociations .

GREENE COUNTY.
CATSKILL SAVINGS AND LOAN ASSOCIATION.
No. 375 Main street, Catskill, N. Y.
[Organized under Law of 1851.
Officers.
P re sid e n t.................
Secretary ...................
Treasurer .................
Attorney ...................

Commenced business 1889. ]

Names.
Post-office addresses.
PERCIVAL GOLDIN .........................................
Catskill,N. Y.
THOMAS E. JONES...........................................
Catskill,N. Y.
P. GARDNER COFFIN.......................................
Catskill,N. Y.
WILLIAM W. BENNETT................................... Catskill,N. Y.
ASSETS.

Loans on bond and mortgage..........................................................
Loans on shares...................................................................................
Stocks and bonds.................................................................................
Cash on hand and in hank................................................................
Furniture and fixtures........................................................................
Interest, premium, fees and finesdue and unpaid.........................
Advances for taxes, insurance, e tc ..................................................
Accrued interest ......................................................................

$110,925
7,347
18,172
1,867
291
101
8
540

00
74
50
53
51
99
00
75

$139,255 02
LIABILITIES.

Due shareholders, instalment shares ............................................
Due shareholders, savings shares ..................................................
Due shareholders, income shares ....................................................
Dividends credited ........................................................................ .. ..
Balance to be paid borrowers on mortgage loans.........................
Earnings undivided .............................................................................
Contingent fund (as per section 225 of Banking L a w )..........

$65,036
39,659
14, 750
14,458
950
3,236
1,162

91
39
00
97
00
98
77

$139,255 02
RECEIPTS.

Cash on hand January 1, 1912........................................................
Dues on instalment shares credited to members.........................
Dues on savings shares ....................................................................
Dues on income shares ....................................................................
Money borrowed ...................................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares repaid......................................................................
Fines received .........................................
Interest received .................................................................................
Premium r e ce iv e d .................................................................................
Advances repaid ...................................................................................
Reverted dividends ...........

$2,736 50
14,153 53
23,688 38
400 00
4,300 00
11,200 00
1,068 47
82 14
6,008 35
1,253 44
5 14
34 34
$64,930 29

DISBURSEMENTS.

Loaned on mortgage...........................................................................
Loaned on shares.................................................................................
Instalment dues repaid on withdrawal, or applied on loa n s..
Paid savings shares ...........................................................................
Paid income shares .............................................................................
Diyidends paid on withdrawal, or applied on loans...................
Cash dividends paid on income and accumulative prepaid
s h a r e s ..................................................................................................




$18,800 00
2,502 21
1,400 73
4,831 80
700 00
593'81
*

601 33

H e r k im e r C o u n t y .
Paid matured shares ..........................................................................
Paid borrowed money and prior mortgages.................................
Paid interest on borrowed money and prior mortgages..........
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage.........................................
Paid r e n t ...............................................................................................
Paid banking department, examination .......................................
Paid banking department, assessment ..........................................
State League dues and expenses........................................................
B o n d s ......................................................................................................
Accrued interest ................................................................................
Premium refunded ..............................................................................
G a s ..........................................................................................................
S u n d ries.................................................................................................
Cash on hand December 31, 1912.....................................................

127
$16,131
4,300
49
450
182
125
39
8
32
12, 152
143
5
5
5
1,867

99
00
38
00
49
00
73
97
46
92
64
40
90
00
53

$64,930 29
Plan, permanent. Par value of shares, Classes A, B, C and E, $100;
Class D, $200; Income, $100. Instalments are Classes A and D, $1, Class B,
50 cents, and Class C, 35 cents, monthly.
Shares in force January 1, 1912, 3,032; shares issued during the year,
1,014 8/1 0; shares withdrawn during the year, 322; shares in force, 3,724 8/10;
Borrowing members, 76, holding 1,066% shares; non-borrowing members, 190,
holding 2,658 3/10 shares. Female shareholders, 100, holding 1,200% shares.
Total dividends credited members during the year on instalment shares,
$3,238.59; rate 5 per cent. Total dividends credited or paid in cash to
members during the year on other shares, $1,924.86; rate 4 per cent. Total
dividends forefeited by withdrawing members during the year, $34.34.
No unpaid withdrawals. Amount of shares matured during the year,
$16,131.99. Operating expenses, as defined in section 227 of the Banking Law,
incurred and paid during the year, $800.85. Unpaid, none.
No premium plan. Interest paid by borrowing members, 4% per cent, to
6 per cent. No premium charged.
Loans have been made in Greene county, New York State. Largest mort­
gage loan outstanding, $5,000. Mortgages in force in New York State,
$110,925. One foreclosure during the year.

HERKIMER COUNTY.
FRANKFORT SAVINGS AND LOAN ASSOCIATION.
No. 40 Litchfield street, Frankfort, N. Y.
[Organized under the Law of 1910.
Officers.
President.............................
Secretary..............................
Treasurer.............................
Attorney................................

Commenced business 1912.]

Names.
Post-office addresses.
SEYMOUR S. RICHARD..................... Frankfort N. Y.
H. SEYMOUR GETMAN....................... Frankfort N. Y.
GEORGE S. ALLEN.............................. Frankfort N. Y.
H. LESLIE WILBUR............................ Frankfort N. Y.
ASSETS.

Loans on bond and mortgages........................................................
Cash on hand and in bank................................................................




$13,300 00
1,597 04

$14,897 04

128

R eport on S a v in g s a n d L o an A ssociations .
LIABILITIES.

Due shareholders, instalmentshares................................................
Dividends credited ...............................................................................
Borrowed money .................................................................................
Earnings undivided .............................................................................
Contingent fund (as per section 225 of Banking L a w )..............

$10,205
104
4,300
208
78

50
28
00
97
29

$14,897 04
RECEIPTS.

...... ................... . -

Dues on instalment shares credited to members...........................
Money borrowed .................................................................................
Fees received .........................................................................................
Fines received ...............................................
Interest received ...................................................................................

$13,817
4,300
173
26
393

25
00
50
28.
06

$18,710 04
DISBURSEMENTS.

Loaned on mortgage.............................................................................
Instalment dues repaid on withdrawal, or applied on loa n s..
Paid interest on borrowed money and prior mortgages..........
Paid advertising, printing and postage.......................................
Paid banking department ................................................................
Cash on hand, December 31, 1912....................................................

-■

■

------- :

$13,300
3,611
80
112
8
1,597

00
75
63
12
50
04

$18,710 04
Plan, serial. Par value of shares, $100. Instalments are 25 cents weekly.
Shares in force January 1, 1912, none; shares issued during the year,
1,735; shares withdrawn during the year, 375; shares in force, 1,360.
Borrowing members, 9, holding 147 shares; non-borrowing members, 164,
holding 1,213 shares. Female shareholders, 40, holding 200 shares. Total
dividends credited members during the year on instalment shares, $104.28;
rate, 6 per cent.
No unpaid withdrawals. Entrance or membership fee, 10 cents per share.
Operating expenses, as defined in section 227 of the Banking Law, incurred
and paid during the year, $112.12. Unpaid, none.
Premium plan, instalment. Interest paid by borrowing members, 10 cents
per ‘share per week. Premium paid by borrowing members, 2 cents per share
per week.
Loans have been made in Herkimer county, New York State. Largest
mortgage loan outstanding, $2,700. Mortgages in force in New York State,
$13,300. No foreclosures during the year.

HERKIMER CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION.
No. 147 North Main street, Herkimer, N. Y.
[Organized under Law o f 1894.
Officers
P re sid e n t.................
Secretary ..................
Treasurer .................
Attorney ...................

Commenced business 1898.]

Names.
Post-office addresses.
CHARLES S T E W A R T ................................ * Herkimer, N. Y.
CLARENCE B. ROOT............. ..................... Herkimer, N. Y.
CLARENCE A. McCREERY........................
Herkimer. N. Y.
JAMES H. FAGAN....................................... Herkimer, N. Y.
ASSETS.

Loans on bond and m ortgage............................................................
Loan 3 .on shares ...................................................................................
Cash on hand and in bank................................................................




$56,600 00
"73 00
157 07

$57,530 07

129

H e r k im e r C o u n t y .
LIABILITIES.

Due shareholders, instalment shares .............................................
Due shareholders, savings shares ...................................................
Due shareholders, accumulative prepaid shares .........................
Dividends credited ............ .................................................................
Earnings undivided ............................................................................
Contingent fund (as per section 225 of Banking L a w )..........
RECEIPTS.

$50,195
400
3, 000
2, 293
1, 095
546

26
00
00
21
10
50

$57,530 07

-------- .. ..

Cash on hand January 1, 1912........................................................
Dues on instalment shares credited to members.........................
Dues on savings shares ....................................................................
Dues on accumulative prepaid shares ...........................................
Money borrowed ..................................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares repaid ......................................................................
Fees received ........................................................................................
Fines received ......................................................................................
Interest received ................................................................................
Reverted d iv id en d s..............................................................................

$28
33, 209
400
1, 550
8 , 700
4, 400
265
92
16
2, 518
10

51
30
00
00
00
00
00
75
20
18
40

$51,190 34
DISBURSEM ENTS.

■ : .

Loaned on mortgage ..........................................................................
Loaned on shares ................................................................................
Instalment dues repaid on withdrawal, or applied on loans..
Paid accumulative prepaid shares ...............................................
Dividends paid on withdrawal, or applied on loans...................
Paid borrowed money and prior mortgages.................................
Paid interest on borrowed money and prior mortgages..........
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage.............................
Paid hanking department, examination ......................................
Paid banking department, assessm ent...........................................
State League du es.........................................................................................

Safe deposit box .............. ................ .................................................
Appraisal fee ........................................................................ ...............
Cash on hand, December 31, 1912...................................................

- -- - - -

$18, 500
883
19, 419
500
102
11,100
85
400

00
00
68

00
30
00
15
00
8 40
20 50
3 24
5 00

5 00
1 00
157 07
$51,190 34

Plan, permanent. Par value of shares, $100. Instalments are 15 cents
weekly.
Shares in force January 1, 1912, 3,436; shares issued during the year, 1,855;
shares withdrawn during the year, 628; shares in force, 4,663. Borrowing
members, 44, holding 588 shares; non-borrowing members, 310, holding 4,077
shares. Female shareholders, 118, holding 1,096 shares. Total dividends
credited members during the year on instalment shares, $1,684; rate 5 per
cent. Total dividends credited or paid in cash to 'members during the year
on other shares, $9,534; rate 5 per cent. Total dividends forfeited by with­
drawing members during the year, $10.40.
No unpaid withdrawals. Amount of shares matured during the year,
$1,300. Entrance or membership fee, 5 cents per share. Operating expenses,
as defined in section 227 of the Banking Law, incurred and paid during the
year, $419.40. Unpaid, none.
No premium plan. Interest paid by borrowing members, 5% per cent, on
mortgage loans; 6 per cent, on share loans. No premium charged.
Loans have been made in Herkimer county, New York State. Largest
mortgage loan outstanding, $3,000. Mortgages in force in New York State,
$56,600. No foreclosures during the year.

5




130

R eport on S a v in g s a n d L o an A ssociations .

ILION PERMANENT SAVING, BUILDING AND LOAN ASSOCIATION.
No. 10 East Main street, Ilion, N. Y.
[Organized under Law of 1851.
Officers.
P re sid e n t.................
Secretary ...................
Treasurer .................
Attorney ...................

Commenced business 1888.]

Names.
Post-office addresses.
S. T. RUSSELL...........................................
Ilion,N.Y.
W. H. GRIMSHAW................................................
Ilion, N.Y.
JOHN A. GIBLIN....................................................
Ilion, N.Y
JAMES CONKLING ................................................
Ilion, N.Y
ASSETS.

Loans on bond and m ortgage............................................................
Stocks and Londs...................................................................................
Real estate .............................................................................................
Cash on hand and in bank................................................................
Furniture and fixtures........................................................................
Interest accrued ...................................................................................

$519,202
16,500
7 , 868
21,684
323
397

97
00
43
01
76
74

$565,976 91
LIABILITIES.

Due shareholders, instalment shares...............................................
Earnings undivided .............................................................................
Contingent fund (as per section 225 of Banking L a w )..........
Unearned or rebatable premium......................................................

$536,086
10, 468
8,704
10,717

07
78
21

85

$565,976 91
RECEIPTS.

Cash on hand January 1, 1912........................................................
Dues, on instalment shares credited to members.........................
Mortgages redeemed, foreclosed or transferred to real estate. .
Fees received .........................................................................................
Fines received .......................................................................................
Interest received .................................................................................
Premium received .................................................................................
Rent re ceiv ed .........................................................................................
Ilion school district bonds..................................................................

$16,003
249, 607
6 6 , 960
500
299
' 24, 286
5, 885
770
1,500

37
33
00
45
75
58
00
00
00

$365,812 48

DISBURSEMENTS.

Loaned on m ortg a g e..........................................................................
Instalment dues repaid on withdrawal, or applied on lo a n s ..
Paid for real estate ............................................................................
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage.........................................
Paid rent ...............................................................................................
Paid taxes, insurance, etc...................................................................
Paid banking department, examination.........................................
Paid banking department, assessment.............................................
Officers’ bonds .......................................................................................
State League dues and expenses ......................................................
Rebate on prem iu m s.............................................................................
B o o k s .......................................................................................................
Express charges ...................................................................................
A u d ito r s ..................................................................................................




$128, 835
203, 198
8 , 538
1,668
88

200
645
70
37
24
35
598
104
10
20

00

82
93
50
05
00
25
50
28
00
51
70
18
00
00

J efferson C o unty.

131

Watchman ............................................................................................
Legal serv ices.......................................................................................
Cash on hand, December 31, 1912...................................................

$20 00

33 75
21,684 01
$365,812 48

Plan, permanent. Par value of shares, $105. Instalments are 25 cents
weekly.
Shares in force January 1, 1912, 17,874; shares issued during the year,
4,450; shares withdrawn during the year, 2,302; shares in force, 20,022.
Borrowing members, 357, holding 4,624 shares; non-borrowing members,
1,450, holding 15,398 shares. Female shareholders, 726, holding 6,256 shares.
Total dividends credited members during the year on instalment shares,
$1$,154.72; rate, 6 per cent. Total dividends forfeited by withdrawing mem­
bers during the year, $1.85.
No unpaid withdrawals. Entrance or membership fee, 10 cents per share.
Operating expenses, as defined in section 227 of the Banking Law, incurred
and paid during the year, $2,170.24. Unpaid, none.
Premium plan, gross. Interest paid by borrowing members, 5 per cent.
Premium paid by borrowing members, $5 per share.
Loans have been made in Herkimer and Oneida counties, New York State.
Largest mortgage loan outstanding, $6,300. Mortgages in force in New York
State, $519,202.97. One foreclosure during the year.

JEFFERSON COUNTY.
CARTHAGE SAVINGS, LOAN AND BUILDING ASSOCIATION.
Strickland Building, No. 8 So. Mechanic street, Carthage, N. Y.
[O rg a n iz e d u n d er L a w o f 1851.

Officers.
President........................
Secretary .....................
Treasurer ....................
Attorney ......................

C om m enced b u sin ess 1 8 8 9 .]

Names.
Post-office addresses.
C. E. FRANCIS..........................................
Carthage, N. Y.
W. W. SWEET.............................................. Carthage. N. Y.
F. W. COBURN............................................. Carthage. N. Y.
W. A. PORTER............................................. Carthage. N. YASSETS

Loans on bond and mortgage.......................
Loans on shares .............................................
Cash on hand and in bank...........................
Furniture and fixtures .................................

$189,956
7,463
16.360
1, 200

00
00
14
00

$214,979 14
L IA B IL IT IE S.

Due shareholders, instalment shares .............................................
Due shareholders, savings shares .................................................
Due shareholders, accumulative prepaid shares.............................
Dividends credited ..............................................................................
Due shareholders, matured shares .................................................
Earnings undivided ............................................................................
Contingent fund (as per section 225 of Banking L a w )............




$6 8 , 685
35, 180
50, 400
14,196
33. 400
10, 717
2,400

35
00
00
06
00
73
00

$214,979 14

132

R eport on S a v in g s a n d L oan A ssociations .

r e c e ip t s .
Cash on hand January 1 , 1912........ ..............................................
Dues on instalment shares credited to members............................
Dues on savings shares ....................................................................
Dues on accumulative prepaid shares ..........................................
Money borrowed ...................................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares r e p a id ......................................................................
Fees received .........................................................................................
Fines received .......................................................................................
Interest received ..................................................................................
Premium received .................................................................................
Mortgage tax refu n d ed ........................................................................
Beverted dividends ...............................................................................
Matured shares .....................................................................................

$5 , 834 98
15, 237 35
19, 044 14
10, 400 00
5 , 500 00
28, 143 70
2, 670 00
5 25
1 33
11, 166 89
698 76
1 00
334 48
6 , 300 00
$105,337 88

DISBURSEMENTS.
Loaned on mortgage.............................................................................
Loaned on shares..................................................................................
Instalment dues repaid on withdrawal, or applied on loa n s..
Paid savings shares...............................................................................
Paid accumulative prepaid shares ...............................................
Dividends paid on withdrawal, or applied on loans..................
Cash dividends paid on income and accumulative prepaid
sh a res........... ’......................................................................................
Paid matured shares ..........................................................................
Paid borrowed money and prior mortgages .................................
Paid interest on borrowed money and prior mortgages............
Paid salaries and clerk -h ire..............................................................
Paid advertising, printing and postage .......................................
Paid r e n t ................................................................................................
Paid taxes, insurance, etc....................................................................
Paid banking department, examination .......................................
Paid banking department, assessment ...........................................
State League dues and expenses ......................................................
Mortgage t a x .........................................................................................
L ig h t s ......................................................................................................
Filing c a s e .............................................................................................
Cash on hand, December 31, 1912....................................................

$32,035
6,879
15, 022
10,722
7, 550
5, 394
1,860
1, 782
5, 500
32
1, 419
268
250
12
29
14
14
130
13
46
16,360

00

00
75
52
00
40
50
39
00

42
00
06
00
64
00
88

35
00
90
93
14

$105, 337 88
Plan, permanent. Par value of shares, $100. Instalments are 10 cents
and 25 cents weekly.
Shares in force January 1, 1912, 1,188; shares issued during the year, 246;
shares withdrawn during the year, 233; shares in force, 1,201. Borrowing
members, 102, holding 357 shares; non-borrowing members, 223, holding 844
shares. Female shareholders, 113, holding 382 shares. Total dividends cred­
ited members during the year on instalment shares, $4,071.24; rate 6 % per
cent. Total dividends credited or paid in cash to members during the year on
other shares, $4,132.03; rate, 4 per cent, and
per cent. Total dividends
forfeited by withdrawing members during the year, $334.48.
No unpaid withdrawals. Amount of shares matured during the year,
$7,750. Operating expenses, as defined in section 227 of the Banking Law,
incurred and paid during the year, $1,965.31. Unpaid, none.
No premium plan. Interest paid by borrowing members, 6 per cent. No
premium charged.
Loans have been made in Jefferson and Lewis counties, New York State.
Largest mortgage loan outstanding, $5,000. Mortgages in force in New York
State, $189,956. No foreclosures during the year.




4
%

J efferson C o unty.

133

WATERTOWN SAVINGS, LOAN AND BUILDING ASSOCIATION.
No. 3 Flower block, Watertown, N. Y.
[Organized under Law of 1851.
Officers.
P resid en t.................
Secretary ...................
Treasurer .................
Attorney ...................

Commenced business 1888.]

Names.
WILLIAM H. MOORE..........................
WILLIAM J. SHEPARD.....................
WILLIAM J. SHEPARD.....................
JOSEPH A T W E L L ..............................

Post-office addresses.
237 Mullin Street.
232 Stone Street.
232 Stone Street.
122 Winslow Street.

ASSETS.

Loans on bond and mortgage............................................................
Loans on shares....................................................................................
Contracts for the sale of real estate...............................................
Real e s t a t e ................................. ..........................................................
Cash on hand and in bank................................................................
Furniture and fixtures........................................................................
.............
Real estate suspense account............................................. ■

$226, 852
4, 700
831
3, 325
2, 120
691
1,279'

76
00
68

99
18
03
61

$239,801 25
LIABILITIES.

Due shareholders, instalment shares.............................................
Due shareholders, savings shares...................................................
Due shareholders, income shares...................................................
Dividends credited ..............................................................................
Balance to be paid borrowers on mortgage loans.........................
Borrowed m o n e y ...................................................................................
Earnings undivided ............................................................................
Contingent fund (as per section 225 of Banking L a w )............

$157,641
5, 007
8 , 950
37, 353
3, 850
9, 000
14, 039
3,958

81
56
00
61
00
00
40
87

$239,801 25
RECEIPTS.

Cash on hand January 1, 1912.......................................................
Dues on instalment shares credited to members.........................
Dues on savings shares.................................................
Money borrowed ..................................................................................
Mortgages redeemed, foreclosed ortransferred to real estate. .
Loans on shares repaid........................................................................
Real estate sold....................................................................................
Fees received ........................................................................................
Fines received ......................................................................................
Interest rece iv e d ................ .................................................................
Rent receiv ed ........................................................................................
Advances repaid ..................................................................................
Real estate contracts..........................................................................
Dues and dividends surrendered onforeclosure...............................
Real estate suspense account..............................................................
Reverted d iv iden ds...................................................................... " . . .

$10,867
46,915
5,271
9, 000
35,450
1,275
700
25
118
14, 437
118
62
726
578
278
654

16
29
98
00
00
00
00
50
59
57
75
75
00
66

74
64

$126,480 63
DISBURSEMENTS.

.Loaned on mortgage ..........................................................................
Loaned on sh a r e s ................................................................................
Instalment dues repaid on withdrawal, or applied on loans----Paid savings shares..............................................................................
Paid income shares ............................................................................
Dividends paid on withdrawal, or applied on loans.....................
Cash dividends paid on income and accumulative prepaid
sh a res..................................................................................................
Paid matured sh a r e s..........................................................................




$64, 805
2, 775
24, 256
1, 166
8 , 650
3, 986

00

00
43
92
00
03

630 00
11,380 87

134

R eport on S a v in g s a n d L oan A ssociations .

Paid for real estate..............................................................................
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage.........................................
Paid rent ...............................................................................................
Paid repairs to real estate................................................................
Paid taxes, insurance, e tc ..................................................................
Paid banking department, examination.........................................
Paid banking department, assessment...........................................
State League dues and expenses..................................
Collectors ...............................................................................................
G a s ...........................................................................................................
Telephone ...............................................................................................
S ta tion ery ..............................................................................................
M a tt in g ...................................................................................................
Sundries .................................................................................................
Mortgage taxes ....................................................................................
Foreclosure expense ............................................................................
Real estate suspense account............................................................
Recording, p a p ers..................................................................................
Cleaning office .......................................................................................
Cash on hand December 31, 1912......................................................

$ 1, 95 0 00
1,400 00
196 40
75 00
180 51
188 30
39 25
16 16
14 40
13 98
3 77

19 51
12 00
2 00
11 00
3 1 95 0
141 72
2, 100 00
4 00
5 70
2 , 120 18
$126,480 63

Plan, permanent. Par value of shares, $100. Instalments are 10 cents
and 25 cents weekly.
Shares in force January 1, 1912, 7,862; shares issued during the year,
3,091%; shares withdrawn during the year, 1,779%; shares in force, 9,174.
Borrowing members, 260, holding 1,878 shares; non-borrowing members, 715,
holding 7,296 shares. Female shareholders, 484’, holding 3,979 shares. Total
dividends credited members during the year on instalment shares, $11,675.66;
rate, 8 per cent. Total dividends credited or paid in cash to members during
the year on other shares, $719.16; rate, 4 per cent, and 4% per cent. Total
dividends forfeited by withdrawing members during the year, $654.64.
N o unpaid withdrawals. Amount of shares matured during the year,
$11,389.87. Entrance or membership fee, 25 cents per member. Operating
expenses, as defined in section 227 of the Banking Law, incurred and paid
during the year, $1,741.76. Operating expenses, as defined in section 227 of
the Banking Law, incurred during the year and remaining unpaid, $202.
Premium plan, premium-interest. Interest paid by borrowing members,
5% per cent. Premium paid by borrowing members,
per cent.
Loans have been made in Jefferson county, New York State. Largest mort­
gage loan outstanding, $10,000. Mortgages in force in New York State,
$226,852.76. Two foreclosures during the year.

2
%

KINGS COUNTY.
ATLANTIC SAVINGS AND LOAN ASSOCIATION.
No. 321 Court street, Brooklyn, N. Y.
T
Organized under Law of 1887.
Officers.
P re sid e n t.................
Secretary ...................
Treasurer .................
Attorney ...................




Commenced business 1888.
Law of 1892.]

Reorganized under

Names.
Post-office addresses.
JOHN J. P. FAGAN.................................... 321 Court Street.
THOMAS J. SKUSE.....................................
321 Court Street.
JOHN A. LAW LER....................................... 321 Court Street.
CHARLES A. WEBBER.............................
44 Court Street.

K in g s C o u n t y .

135

ASSETS.

Loans on bond and m ortgage............................................................ $1,098,250 00
Loans on shares....................................................................................
28, 900 00
Real e s t a t e ............................................................................................
11,500 00
Cash on hand and in bank..................................................................
64, 4131 41
Furniture and fixtures........................................................................
1,600 00
Interest, premium, fees andfines due and unpaid.........................
171 44
$1,204, 834 85
LIABILITIES.

Due shareholders, instalment shares...............................................
Due shareholders, savings shares.....................................................
Due shareholders, accumulative prepaid shares............................
Due shareholders, income shares.....................................................
Dividends credited ..............................................................................
Prior mortgages ..................................................................................
Earnings undivided ............................................................................
Contingent fund (as per section 225 of Banking L a w )............
Maturity f u n d ......................................................................................

$599, 285
412,591
30,100
41,300
29,137
13, 250
42, 960
14,535
12, 674

74
42
00
00
16
00
61
49
48

$1,204,834 85
RECEIPTS.

Cash on hand January 1, 1912.........................................................
Dues on instalment shares creditedto members............................
Dues on savings shares......................................................................
Dues on accumulative prepaid shares.............................................
Dues on income shares........................................................................
Prior mortgages ..................................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares repaid........................................................................
Interest r eceiv ed ..................................................................................
Rent receiv ed ........................................................................................
Loan deposits .................................................................................... .

$56,497
129,207
155,557
100
600
20, 250
73,400
17, 750
51,253
503
2, 876

08
23
94
00
00
00
00
00
34
00
80

$507,995 39
DISBURSEMENTS.

Loaned on mortgage ..........................................................................
Loaned on s h a r e s .......... .....................................................................
Instalment dues repaid on withdrawal, or applied on lo a n s ...
Paid savings sh a r e s............................................................................
Paid accumulative prepaid shares.................................................
Paid income shares..............................................................................
Cash dividends paid on income and accumulative prepaid
sh ares..................................................................................................
Paid matured shares ..........................................................................
Paid borrowed money and prior mortgages...................................
Paid interest on borrowed money andprior mortgages............
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage.........................................
Paid taxes, insurance, etc..................................................................
Paid banking department, examination .......................................
Paid banking department, assessment.........................................
Loan deposits repaid............................................................................
Reserve fund ........................................................................................
Maturity f u n d ...........................................................*..........................
General expenses..................................................................................
Cash on hand December 31, 1912.....................................................




$153, 650
18, 150
69, 513
99, 035
7, 800
400
3, 667
45,221
20, 500
1, 137
4, 486
486'
376
57
84
2,876
1, 731
3, 797
1, 611
64,413

00
00
29
86

00
00
74
08
00
37
00
45
08
50
68

80
13
59
41
41

$507,995 39

136

R eport on S a v in g s a n d L oan A ssociations .

Plan, permanent.

Par value o f shares, $100 and $200.

Instalments are

$1 monthly.

Shares in force January 1, 1912, 25,746; shares issued during the year,
5,165% ; shares withdrawn during the year, 2,755% ; shares in force, 28,156%.
Borrowing members, 596, holding 5,780% shares; non-borrowing members,
2,051, holding 22,376 shares. Female shareholders, 1,080; holding 9,385 shares.
Total dividends credited members during the year on instalment shares,
$14,258.56;. rate, 5 1/12 per cent. Total dividends credited or paid in cash
to members during the year on other shares, $18,546.34; rate, 4 per cent, to
4% per cent. Total dividends forfeited by withdrawing members during the
year, $1,389.67.
No unpaid withdrawals. Amount of shares matured during the year,
$45,221.08. Operating expenses, as defined in section 227 of the Banking Law,
incurred and paid during the year, $6,582.86. Unpaid, none.
No premium plan. Interest paid by borrowing members, 5 per cent., 5%
per cent, and 6 per cent. No premium charged. •
Loans have beep made in Kings, Nassau, New York, Queens, Richmond,
Suffolk and Westchester counties, New York State, and in New Jersey.
Largest mortgage loan outstanding, $8,000. Mortgages in force in New York
State, $1,095,950. No foreclosures during the year.

BAY RIDGE SAVINGS AND LOAN ASSOCIATION.
7501 Third avenue, Brooklyn, N. Y.
[Organized under Law of 1851.
Officers.
P re sid e n t.................
Secretary ...................
Treasurer .................
Attorney ...................

Commenced business 1887.]

Names.
OTTO B O T H F E L D ..............................
...........
JAMES RUDDIMAN ..........................
WALTER L. DURACK........................

Post-office addresses.
450 Ovington Avenue.
Sedgwick Place.
Senator Street.
215 Montague Street.

ASSETS.

Loans on bonds and mortgage ........................................................
Real estate .............................................................................................
Cash on hand and in bank................................................................
Furniture and fixtures ......................................................................

$108, 800 00
4, 952 76
931 66
66 60
$114,751 02

LIABILITIES.

Due sharehloders, instalment shares................................................
Due shareholders, income shares ....................................................
Dividends credited ...............................................................................
Balance to be paid borrowers on mortgage loans.......................
Borrowed money .................................................................................
Earnings undivided ........................................... ................................
Contingent fund (as per section 225 of Banking L a w )..........
Unearned or rebatable premium........................................................

$60, 096
23, 400
17, 661
1,500
6 , 000
155
5,265
672

68

00
38
00
00
43
53
00

$114,751 02
RECEIPTS.

Cash on hand January 1, 1912..........................................................
Dues on instalment shares credited to members...........................
Dues on income sh a re s........................................................................
Money borrowed ...................................................................................
Mortgages redeemed, foreclosed or transferred to real estate..




$407
15,234
4, 000
3. 000
5,750

18
91
00
00

00

K in g s C o u n t y .

137

Interest receiv ed ..................................................................................
Premium re ceiv ed ................................................................................
Rent received ......................., .............................................................

$5, 502 78
225 15
96 00
$34,216 02

DISBURSEMENTS.

Loaned on mortgage ................................................. .......................
Instalment dues repaid on withdrawal, or applied on loans. . . .
Paid income sh a re s..............................................................................
Cash dividends paid on income and accumulative prepaid
shares ..................................................................................................
Paid borrowed money and prior mortgages...................................
Paid interest on borrowed money and prior mortgages...............
Paid salaries and clerk-hire............................................................
Paid advertising, printing and postage.......................................
Paid r e n t ...............................................................................................
Paid repairs to real e s t a t e ................................................................
Paid taxes, insurance, etc...................................................................
Paid banking department, examination .......................................
Paid banking department, assessment .........................................
Officers’ bonds ...................................................................
State League dues and expen ses......................................................
Cash on hand December 31, 1912.....................................................

’

$12, 800 00
10, 300 00
3, 200 00
2,431
3, 000
379
608
170
133

87
00
77
00
95
43
86 62
101 86
22 85
8 01
10 00
31 00
931 66

$34,216 02
Plan, permanent. Par value of shares, $100. Instalments are 50 cents
monthly.
Shares in force January 1, 1912, 1,548%; shares issued during the year,
190; shares withdrawn during the year, 143; shares in force, 1,595%. Bor­
rowing members, 46, holding 534% shares; non-borrowing members, 248, hold­
ing 1,061 shares. Female shareholders, 128, holding 486 shares. Total divi­
dends credited members during the year on instalment shares, $3,294.24; rate,
5 per cent. Total dividends credited or paid in cash to members during the
year on other shares, $1,149.66; rate, 5 per cent.
No unpaid withdrawals. Amount of shares matured during the year, $3,000.
Operating expenses, as defined in section 227 of the Banking Law, incurred
and paid during th'e year, $953.38. Unpaid, none.
Premium plan, instalment. Interest paid by borrowing members, 6 per
cent. Premium paid by borrowing members, 1 per cent.
Loans have been made in Kings and Queens counties, New York State.
Largest mortgage loan outstanding, $6,000. Mortgages in force in New York
State, $108,800. No foreclosures during the year.

BEDFORD CO-OPERATIVE BUILDING LOAN ASSOCIATION.
No. 1630 Fulton street, Brooklyn, N. Y.
[Organized under Law of 1851.
Officers.
P resid en t.................
Secretary ..................
Treasurer .................
Attorney ...................

Commenced business 1888.]

Names.
ALEXANDER RAY ...............
EDWIN F. HOWELL...............
THOMAS POWDERLY .........
MARTIN S. COHEN...............

Post-office addresses.
128 Rogers Avenue.
9 Arlington Place.
190 Albany Avenue.
302 Broadway, New York.

ASSETS.

Loans on bond and mortgage............................................................
Loans on shares ..................................................................................
Real e s t a t e ............................................................................................




$114,097 78
250 00
2, 698 55

138

R eport on S av in g s a n d L oan A ssociations .

Cash on hand and in bank..................................................................
Advances for taxes, insurance, etc...................................................

$940 21
180 96
$118,167 50

LIABILITIES.

Due shareholders, instalment shares..................................... ..
Due shareholders, savings shares ....................................................
Due shareholders, income s h a r e s ......................................................
Due shareholders, juvenile savings shares ...................................
Dividends credited ...............................................................................
Balance to be paid borrowers on mortgage loans.......................
Borrowed money ..................................................................................
Earnings undivided ............................................................................
Contingent fund (as per section 225 of Banking L a w )..........
Maturity fund .....................................................................................

$69,144
3, 450
9, 200
205
13, 931

21

00
00

34
04
3 ,8 6 6 67
7, 022 66
4, 428 77
5,000 00
1,918 81

$118, 167 50
R ECEIPTS.

Cash on hand January 1, 1912..........................................................
Dues on instalment shares credited to members.........................
Dues on savings sh a r e s ......................................................................
Dues on juvenile savings shares......................................................
Money borrowed ...................................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares repaid......................................................................
Real estate s o l d .....................................................................................
Fees received .......................................................... : ............................
Interest received ...................................................................................
Premium received .................................................................................
Rent re ce iv e d .........................................................................................
Advances repaid .................................................................................
Income dividends redeposited .................................
Profit and loss .....................................................................................

$287
15,906
3, 575
100
24, 571
9, 697
2, 400
r 509
5,
10
6 , 679
72
310
1,6 6 8
43
61

69
18
00
72
00
50
00
00
75
52
45
00
86

75
89

$70,894 31
DISBURSEMENTS.

Loaned on mortgage ..........................................................................
Loaned on shares .................................................................................
Instalment dues repaid on withdrawal, or applied on lo a n s .. . .
Paid savings shares .............................................................................
Paid income shares ............................................................................
Paid juvenile savings shares ............................................................
Dividends paid on withdrawal, or applied on loans..................
Cash dividends paid on income and accumulative prepaid
shares ..................................................................................................
Paid borrowed money and prior mortgages .................................
Paid interest on borrowed money and p rior. mortgages..........
Paid for real estate ...........................................................................
Paid salaries and clerk-hire ............................................................
Paid advertising, printing and postage.........................................
Paid r e n t ................................................................................................
Paid banking department, examination .......................................
Paid banking department, assessment..............................................
Officers’ bonds .......................................................................................
Advances for taxes, insurance, e tc ....................................................
Miscellaneous expenses ......................................................................
Cash on hand December 31, 1912....................................................




$19, 359
250
12 , 446
125
1, 000
48
2,752
411
26, 768
407
4, 080
720
166
96
16
8

16
1,228
54
940

00
00
36
00

00
00
04
11
94
72
55
00
15
00
50
20
00
53
00
21

$70,894 31

K in g s C o u n t y .

139

Plan, permanent. Par value of shares, $100 and $200. Instalments are $1
monthly.
Shares in force January 1, 1912, 1,740; shares issued during the year, 458;
shares withdrawn during the year, 175; shares in force, 2,023. Borrowing
members, 107, holding 655 shares; non-borrowing members, 216, holding
1,368 shares. Female shareholders, 106, holding 595 shares. Total dividends
credited members during the year on instalment shares, $4,216.11; rate, 6
per cent. Total dividends credited or paid in cash to members during the
year on other shares, $529.85; rate, 4 per cent, and 5 per cent.
No unpaid withdrawals. Amount of shares matured during the year,
$5,400. Entrance or membership fee, 25 cents per share. Operating expenses,
as defined in section 227 of the Banking Law, incurred and paid during the
year, $1,052.15. Unpaid, none.
Premium plan, instalment. Interest paid by borrowing members, 6 per cent.
No premium charged.
Loans have been made in Kings and Queens counties, New York State.
Largest mortgage loan outstanding, $5,000. Mortgages in force in New York
State, $114,097.78. No foreclosures during the year.

BROOKLYN AND NEW YORK ARCANUM BUILDING, LOAN AND SAV­
INGS ASSOCIATION.
No. 169 Flatbush avenue, Brooklyn, N. Y.
[Organized under Law of 1851.
Officers.
P resid en t.................
Secretary ..................
Treasurer .................
Attorney ...................

Commenced business 1885.]

Names.
Post-office addresses.
CHARLES A. L E N T .. . 90 William Street, New York.
J. ADDISON R O B B .... 482 Greene Avenue, Brooklyn.
J. ADDISON R O B B .... 482 Greene Avenue, Brooklyn.
I. N. SIEVW RIGHT.. . 204 Montague Street, Brooklyn.
ASSETS.

Loans on bond and mortgage..............................................................
Loans on shares ..................................................................................
Cash on hand and in bank................................................................
Furniture and fixtures ......................................................................
Interest, premium, fees and fines due and unpaid.......................

$ 66 , 350
1, 447
3, 368
350
84

00

00
02
00
89

$71,599 91
LIABILITIES.

Due shareholders, instalment shares.............................................
Due shareholders, income shares ....................................................
Dividends credited ..............................................................................
Earnings undivided ............................................................................
Contingent fund (as persection 225 of Banking L a w ).............
Suspense account ................................................................................
Deferred maturity dividends ............................................................

$50,571
9, 850
5, 847
2,985
1,279
679
386

49
00
88

11
08
75
60

$71,599 91
RECEIPTS.

Cash on hand January 1, 1912............................................................
Dues on instalment shares credited to members...........................
Dues on income sh a re s........................................................................
Money borrowed ..................................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares repaid..................................... •
.............................
Fees received ......................................................................................




$1,161
16,687
9, 350
5, 000
13,900
1,007
126

25
97
00

00
00
00
45

140

R eport on S a v in g s a n d L o an A ssociations .

Fines received .....................................................................................
Interest received ...................................................................................
Suspense account .................................................................................

$160 94
3, 990 99
666 42
$52,051 02

DISBURSEMENTS.

Loaned on mortgage.............................................................................
Loaned on shares .................................................................................
Instalment dues repaid on withdrawal, or applied on loans..
Paid income shares ............................................................................
Dividends paid on withdrawal, or applied on loans..................
Cash dividends paid on income and accumulative prepaid
sh a res..................................................................................................
Paid matured sh a res...........................................................................
Paid borrowed money and prior mortgages...................................
Paid interest on borrowed money and prior mortgages..............
Paid salaries and clerk -h ire..............................................................
Paid advertising, printing and postage...........................................
Paid r e n t ............................................................................. ; ................
Paid banking department, examination .......................................
Paid banking department, assessm ent...........................................
A u d ito rs ..................................................................................................
S u n dries..................................................................................
Cash dividends on paid-up s h a r e s ....................................................
Cash on hand December 31, 1912..............................

$11,700
1, 570
8,681
12 , 950
807

00
53

84
4,679
6,500
42
618
62
240
16
5
25
151
549
3,368

73
92
00
22
00
60
00
00
40
00
40
04
02

00
00

16

$52,051 02
Plan, permanent. Par value of shares, $100 and $200. Instalments are $1
monthly.
Shares in force January 1, 1912, 1,411%; shares issued during the year,
544% ; shares withdrawn during the year, 424% ; shares in force, 1,531%.
Borrowing members, 30, holding 400% shares; non-borrowing members, 154,
holding 1,130% shares. Female shareholders, 69, holding 323 shares. Total
dividends credited members during the year on instalment shares, $1,906.79;
rate, 5 per cent. Total dividends credited or paid in cash to members during
the year on other shares, $654.94; rate, 5 per cent. Total dividends forfeited
by withdrawing members during the year, $44.36.
No unpaid withdrawals. Amount of shares matured during the year,
$4,679.92. Entrance or membership fee, $1 per member. Operating expenses,
as defined in section 227 of the Banking Law, incurred and paid during the
year, $1,097. Unpaid, none.
No premium plan. Interest.paid by borrowing members, 6 per cent. No
premium charged.
Loans have been made in Kings, Nassau, New York; Queens and Suffolk
counties, New York State. Largest mortgage loan outstanding, $10,000.
Mortgages in force in New York State, $66,350. No foreclosures during the
year.

BROOKLYN CITY SAVINGS AND LOAN ASSOCIATION.
No. 91 Court street, Brooklyn, N. Y.
[Organized under Law of 1851.

Commenced business 1887.]

Officers.
Names.
Post-office addresses.
P re sid e n t.................
JOSEPH V. SCULLEY------v............ 91 Court Street.
Secretary ..................
GEORGE A. ROSE..............................
91 Court Street.
Treasurer .................
THOMAS J. KELLY.......................... 91 Court Street.
Attorneys ................... McGUIRE, DKLANY, NIPER &
CONNELLY............................... 189 Montague Street.




K in d s C o u n t y .

141

ASSETS.

Loans on bond and mortgage............................................................
Real estate ............................................................................................
Cash on hand and in bank..................................................................
Furniture and fixtures........................................................................
Interest, premium, fees and fines due and unpaid.......................

$533,825
36, 000
16, 056
500
482

00
00
53
00
61

$586,864 14
LIABILITIES.

Due shareholders, instalment shares...............................................
Due shareholders, savings shares......................................................
Due shareholders, income shares........................................................
Dividends credited ..............................................................................
Balance to be paid borrowers on mortgage loans.........................
Earnings undivided ............................................................................
Contingent fund (as per section 225 of Banking L a w )..............
Real estate mortgages ........................................................................
Special mortgage ................................................................................
Suspense account ................................................................................

$319,812
17, 380
176,800
11,788
5, 700
12,187
28, 500
12, 000
724
1, 969

73
54
00
97
00
60
00
00
63
67

$586,864 14
RECEIPTS.

Cash on hand January 1, 1912............................................................
Dues on instalment sharescredited to members.............................
Dues on savings shares........................................................................
Dues on income shares........................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Fees received ........................................................................................
Fines received ......................................................................................
Interest received ....................... ..........................................................
Premium received ................................................................................
Rent rece iv e d ........................................................................................
Special mortgage ..................................................................................
Suspense account ................................................................................
S u n dries..................................................................................................

$24,154
94,801
19, 497
35,400
40, 625
100
237
23, 593
5, 222
2, 789
5, 050
158
65

57
87
48
00
00
00
70
96
67
34
63
13
05

$251,696 40
DISBURSEMENTS.

Loaned on mortgage............................................................................
Instalment dues repaid on withdrawal, or applied on lo a n s .. . .
Paid savings shares ..........................................................................
Paid income shares ............................................................................
Dividends paid on withdrawal, or applied on loans.....................
Cash dividends paid on income and accumulative prepaid
sh a res..................................................................................................
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage............................................
Paid r e n t ................................................................................................
Paid repairs to real estate..................................................................
Paid taxes, insurance, e tc ......................................
Paid banking department,assessment..............................................
Special mortgages
............................................................................
Special deposit ........................
General expenses..................................................................................
Accrued interest ..................................................................................




$81, 100
84, 308
6 , 145
32,000
9,292

00
21
56
00
24

8 , 623
3,841
257
1,010
604
1,274
45
5,350
674
915
77

59
24
88

00
74
56
50
20
34
59
34

142

R eport on S a v in g s a n d L oan A ssociations .

Appraisals .............................................................................................
S u n dries..................................................................................................
Cash on hand December 31, 1912......................................................

$115 00
3 88

16,056 53
$251,696 40

Plan, permanent. Par value of shares, $100 and $200. Instalments are $1
monthly.
Shares in force January 1, 1912, 6,382%; shares issued during the year,
1,431%; shares withdrawn during the year, 1,579%; shares in force, 6,234%.
Borrowing members, 170, holding 1,402% shares; non-borrowing members, 796,
holding 4,832 shares.
Female shareholders, 422, holding 2,394% shares.
Total dividends credited members during the year on instalment shares,
$11,647.63; rate, 5 per cent. Total dividends credited or paid in cash to
members- during the year on other shares, $8,764.93; rate, 4% per cent, and
5 per cent.
No unpaid withdrawals. Operating expenses, as defined in section 227 of the
Banking Law, incurred and paid during the year, $6,024.71. Unpaid, none.
No premium plan. Interest paid by borrowing members, 6 per cent. No
premium charged.
Loans have been made in Kings, Nassau, New York, Richmond, Queens and
Westchester counties, New York State, and in New Jersey. Largest mortgage
loan outstanding, $8,000. Mortgages in force in New York State, $530,875. No
foreclosures during the year.

BROOKLYN MUTUAL BUILDING AND LOAN ASSOCIATION.
No. 526 Nostrand avenue, Brooklyn, N. Y.
[Organized under Law o f 1851. Commenced business 1883.]
Officers.
Names.
Post-office addresses.
F. P. WISEBURN...........
President
951 Lafayette Avenue.
EDWARD C R O W N .............
505 Lorimer Street.
Secretary
Treasurer
JOSEPH RODGERS ...........
575 McDonough Street.
Attorneys
REMSEN & PARSONS----60 Wall St., New York, N. Y.
ASSETS.

Loans on bond and mortgage............................................................
Loans on sh a res.....................................................................................
Cash on hand and in bank..................................................................
Furniture and. fixtures ......................................................................
Interest, premium, fees and finesdue and unpaid.........................
Advances for taxes, insurance, etc...................................................
Pass-books ...............................................................................................
Business b u re a u .....................................................................................

$47,425 00
1, 785 00
3,572 12
66 25
120 00
141 04
25 50
15 00
$53, 149 91

LIABILITIES.

Due shareholders, instalment shares...............................................
Due shareholders, accumulative prepaid shares..............................
Dividends c re d ite d .................................................................................
Due shareholders, matured shares..................................... .. ...........
Borrowed money ..................................................................................
Earnings undivided .............................................................................
Contingent fund (as per section 225 of Banking L a w )..............
Suspense a c c o u n t..................................................................................




$33,009
600
5, 303
11,402
2, 000
11
801
21

79
00
13
96
00
34
34
35

$53, 149 91

K in g s C o u n t y .

143

RECEIPTS.

Cash on hand January 1, 1!)L2..........................................................
Dues on instalment shares credited to members...........................
Dues on accumulative prepaid shares...............................................
Money borrowed ....................................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares repaid........................................................................
Fines received ......................................................................................
Interest rece iv e d ..................................................................................
Premium received ................................................................................
Advances repaid ..................................................................................
Reverted dividends ..................
Suspense account ......................................
Matured shares ....................................................................................

$3,492 16
10,242 47
600 00
2, 000 00
3,950 00
1,919 00
54 69
2 , 878 25
29 50
212 42
37 24
20 93
7,182 52
$32,619 18

DISBURSEMENTS.
Loaned on mortgage............................................................................
Loaned on shares..................................................................................
Instalment dues repaid on withdrawal, or applied on loans.. .
Dividends paid on withdrawal, or applied on loans.......................
Paid matured shares ....................................
Paid interest on borrowed money and prior mortgages..............
...................................................
Paid salaries and clerk-hire........ •
Paid advertising, printing and postage.........................................
Paid r e n t ................................................................................................
Paid banking department, examination...........................................
Paid banking department, assessment.............................................
Officers’ bonds ......................................................................................
Advances for taxes, insurance, etc.................................................
Metropolitan and State League dues...............................................
R ep a irs....................................................................................................
Notary fees ..........................................................................................
Business bureau ....................................................................................
Pass-books...............................................................................................
To correct error....................................................................................
Cash on hand December 31, 1912.......................................................

$8,475
2 , 035
9,433
2, 473
5,891
40
206
75
120
16
3

00

00
41
57
40
00
00
67
00
00

66
8 00

206 75
11 00
6 60
2 00

15
27
1
3, 572

00
00
00
12

$32,619 18

Plan, serial. Par value of shares. $200. Instalments are $1 monthly.
Shares in force January 1, 1912, 828; shares issued during the year, 189%;
shares withdrawn during the year, 200%; shares in force, 817. Borrowing
members, 25, holding 240 shares; non-borrowing members, 105, holding 577
shares. No record of female shareholders. Total dividends credited mem­
bers during the year on instalment shares, $1,779.50; rate, 5 per cent. Total
dividends credited or paid in cash to members during the year on other
shares, $529.33; rate, 5 per cent. Total dividends forfeited by withdrawing
members during the year, $37,24.
No unpaid withdrawals. Amount of shares matured during the year,
$7,182.52. Operating expenses, as defined in section 227 of the Banking Law,
incurred and paid during the year, $431.77. Unpaid, none.
No premium plan. Interest paid by borrowing members, 6 per cent. No
premium charged.
Loans have been made in Kings, Queens, Richmond and Westchester coun­
ties, New York State. Largest mortgage loan outstanidng, $4,000. Mortgages
in force in New York State, $47,425. No foreclosures during the year.




144

R eport on S avin g s a n d L o an A ssociations ,

BUSHWICK CO-OPERATIVE BUILDING AND LOAN ASSOCIATION.
No. 612 Grand street, Brooklyn, N. Y.
[Organized under Law of 1851.
Officers.
P re sid e n t.................
Secretary ..................
Treasurer .................
Attorney ...................

Commenced business 1888.]

Names.
C. F. CANFIELD...............................
WILLIAM A. ERNST......................
DANIEL CANTY .............................
J. P. JUDGE......................................

Post-office addresses.
114McDonough Street.
74
Van Buren Street.
134 McDonough Street.
189Montague Street.

ASSETS.

Loans on bond and mortgage..............................................................
Loans on shares.....................................................................................
Real estate .............................................................................................
Cash on hand and in bank..................................................................
Furniture and fixtures......................................................................
Advances for taxes, insurance, e tc ................................
Deposit on meter........................................................ : ........................

$134, 250
1,060
10,799
10, 815
450
116
20

00
00
37
00
00
2700

$157,510 64
LIABILITIES.

Due shareholders, instalment sh ares,.............................................
Due shareholders, income shares........................................................
Earnings undivided .............................................................................
Contingent fund (as per section 225 of Banking L a w )..........
Suspense account ................................................................................

$123,920
20,500
5, 516
7,500
73

73
00
73
00

18

$157,510 64
RECEIPTS.

Cash on hand January 1, 1912............................................................
Dues on instalment shares credited to members.............................
Dues on income shares........................................................................
Money b orrow ed .....................................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares repaid........................................................................
Interest received .................................................................................
Premium received ...............................................................................
Rent received .........................................................................................
Advances repaid ...................................................................................
Special deposit .....................................................................................
Suspense account .................................................................................

$3, 749
26,966
4, 800
10, 500
27,000
4.093
8 , 738
916
931
655
42

49
16
00
00
00
00
39
74
40
95
50
1 39

$88,395 02
DISBURSEMENTS.

Loaned on mortgage............................................................................
Loaned on shares..................................................................................
Instalment dues repaid on withdrawal, or applied on lo a n s ...
Paid income shares............................................................................
Cash dividends paid on income and accumulative ' prepaid
sh ares....................................................................................................
Paid matured shares ..........................................................................
Paid borrowed money and prior mortgages...................................
Paid interest on borrowed money and prior mortgages.............
Paid salaries and clerk-hire................................................................
Paid advertising, printing and postage...........................................
Paid r e n t ...........................................................................
Paid repairs to real estate................................................................
Paid taxes, insurance, etc....................................................................




$13,000 00
2,21'3 00
35,215 65
2,100 00
899 76
2 , 000 00
18,500 00

147
2,261
108
420
51
300

39
52
49
00

65
67

145

K in g s C o u n t y .
Paid banking department, examination.................................................
Paid banking department, assessment..........................................
Attorney f e e s ........................................................................................
Appraisal fees ......................................................................................
Suspense account ................................................................................
General ex p en se.............................................................................................
Cash on hand December 31, 1912........................................................
10,

$3000
12 67
89 00
27 50
50
20222
815 00

$88,395 02
Plan, permanent. Par value of shares, $100 and $250. Instalments are
10 cents and 25 cents weekly.
Shares in force January 1, 1912, 3,264; shares issued during the year, 1,091;
shares withdrawn during the year, 995; shares in force, 3,360. Borrowing
members, 49, holding 595 shares; non-borrowing members, 315, holding 2,765
shares. Female shareholders, '121, holding 667 shares. Total dividends
credited members during the year on instalment shares, $5,804.21; rate, 5 per
cent. Total dividends credited or paid in cash to members during the year
on other shares, $899.76; rate, 5 per cent.
No unpaid withdrawals. Amount of shares matured during the year, $2,000.
Operating expenses, as defined in section 227 of the Banking Law, incurred
and paid during the year, $3,042.23. Unpaid, none.
Premium plan, instalment. Interest paid by borrowing members, 6 per cent.
Premium paid by borrowing members, 6 7/10 cents monthly.
Loans have been made in Kings and Queens counties, New York State.
Largest mortgage loan outstanding, $7,500. Mortgages in force in New York
State, $134,250. No foreclosures during the year.

EAGLE SAVINGS AND LOAN COMPANY.
No. 186 Remsen street, Brooklyn, N. Y.
[Organized under Law of 1851.
Officers.
P resid en t....................
Secretary ..................
Treasurer .................
Attorney ...................

Commenced business 1891.]

Names.
ELWIN
S. PIP E R ...............
JOSEPH WOOD ................................
JOSEPH WOOD ................................
JAMES C. McDEAR...........................

Post-office addresses.
186 Remsen Street.
186 Remsen Street.
186 Remsen Street.
189 Montague Street.

ASSETS.

Loans on bond and mortgage........ , ......................
Loans on shares ..........................................................
Real estate ....................................................................
Cash on hand and in bank.......................................
Furniture and fixtures...............................................
Interest, premium, fees and fines due and unpaid
Advances for taxes, insurance, etc.........................
Bond and mortgage receivable.................................
Suspense .........................................................................

$2,823, 484
19,205
270, 365
106,222
9,190
21, 450
18,716
221,607
181

95
00
27
38
18
56
71
08
13

$3, 490, 423 26
L IA B IL IT IE S .

Due shareholders, instalment s h a r e s ................................... : . . . .
Due shareholders, savings shares.......... .........................................
Due shareholders, income shares ...................................................
Dividends credited ..............................................................................
Prior mortgages ..................................................................................
Earnings undivided ............................................................................




$544, 472
999,867
1, 148, 700
277, 185
436, 229
43, 448

49
95
00
40
95
15

146

R eport on S a v in g s a n d L oan A ssociations .

Contingent fund (as per section 225' of Banking L a w )............
Deferred dividends ...............................................................................
Accrued interest ..................................................................................

$33,793 45
962 86
5 , 763 01
$3,490,423 26

RECEIPTS.

Cash on hand January 1, 1912........................................................
$89,853 34
Dues on instalment shares credited to members...........................
112,573 21
Dues on savings shares......................................................................
2,395,719 00
Dues on income shares........................................................................
245, 600 00
Mortgages redeemed, foreclosed or transferred to real estate. .
298,316 32
Loans on shares repaid......................................................................
35, 755 00
Real estate sold ...................................................................................
56,411 98
Fees r e ce iv e d .........................................................................................
1, 264 60
Fines received .............................................................................................
3,26439
Interest received ..................................................'................................
178,329 78
Premium r eceiv ed .......................................................................................
5,35754
Rent rece iv e d .........................................................................................
11,423 42
Advances repaid .................................................
31,698 87
Bonds and mortgages receivable......................................................
10,912 98
Suspense..................................................................................................
16, 865 99
Reverted d iv id en d s.....................................................................................
7.40492
Legal expenses ...........................................................................................
3,01765
Profit and loss...................................................................................
5,86385
Recording tax .......................................................................................
45 00
$3,509,677 84
DISBURSEMENTS.

Loaned on mortgage ..........................................................................
Loaned on shares...................................................................................
Instalment dues repaid on withdrawal, or applied on loa n s..
Paid savings shares ..........................................................................
Paid income shares .............................................................................
Dividends paid on withdrawal, or applied on loans...................
Cash dividends paid on income and accumulative prepaid
sh a re s..................................................................................................
Paid borrowed money and prior mortgages.................................
Paid interest on borrowed money and prior mortgages..........
Paid for real estate ............................................................................
Paid salaries and clerk-hire ............................................................
Paid advertising, printing and postage .......................................
Paid r e n t ...................................................... : ......................................
Paid repairs to real estate ..............................................................
Paid taxes, insurance, etc..................................................................
Paid banking department, examination.........................................
Paid banking department, assessment .........................................
Advances for taxes, insurance, etc........................... ■
...................
Bonds and mortgages receivable....................................................
Suspense..................................................................................................
Sundry expenses ...................................................................................
Legal expenses .....................................................................................
Legal papers .........................................................................................
A p p ra isa ls....................................................................................* .. ..
Profit and loss * ...................................................................................
Recording tax .......................................................................................
Discount on advance payfnents ........................................................
Cash on hand December 31, 1912....................................................




$195, 650
37. 165
105. 332
2, 248, 922
125, 100
114,942

00
98
60
00
58

53, 061
245,750
34, 459
69, 981
17, 852
5,124
4, 845
8 , 553
5, 305
871
265
27,095
73,713
17, 126
2, 572
4, 615
1. 610
1, 200
2, 152
128
57
106,222

95
00
95
25
00
30
00
45
44.
59
73
45
33
83
85
95
00
00
08
00
15
38

00

$3,509,677 84

K in g s C o u n t y .

147

Plan, permanent. Par value of shares, $100. Instalments are 5 cents, 12%
cents, 16% cents, 25 cents, 33% cents, 50 cents and $1 monthly.
Shares in force January 1, 1912, 115,263.5127; shares issued during the
year, 21,412.50; shares withdrawn during the year, 115,196.1632; shares in
force, 121, 479.8495. Borrowing members, 689, holding 28,234.8495 shares;
non-borrowing members, 4,117, holding 93,245 shares. Female shareholders,
2,052, holding 46,162 shares. Total dividends credited members during the
year on instalment shares, $38,893.55; rate, 5 per cent. Total dividends cred­
ited or paid in cash to members during the year on other shares, $90,843.62;
rate, 4 per cent, and 5 per cent. Total dividends forfeited by withdrawing
members during the year, $7,404.92.
No unpaid withdrawals. Entrance or membership fee, 25 cents per share.
Operating expenses, as defined in section 227 of the Banking Law, incurred
and paid during the year, $31,594.15. Unpaid, none.
Premium plan, instalment. Interest paid by borrowing members, 6 per
cent. Premium paid by borrowing members, 16% cents per share per month.
Loans have been made in Kings, Nassau, New York, Queens, Richmond,
Suffolk and Westchester counties, New York State. Largest mortgage loan
outstanding, $18,400. Mortgages in force in New York State, $3,045,092.03.
Eight foreclosures during the year.

EAST BROOKLYN SAVINGS AND LOAN ASSOCIATION.
No. 1012 Gates avenue, Brooklyn, N. Y.
[Organized under Law of 1851.
Officers.
P resid en t.................
Secretary ..................
Treasurer .................
Attorney ...................

Commenced business 1885.]

Names.
BENJAMIN THOMPSON .............
ALFRED BAILEY ..........................
JAMES B. SHAW............................
WALTER L. DURACK....................

Post-office addresses.
810 Lexington Avenue.
1012 Gates Avenue.
925 Green Avenue.
215 Montague Street.

ASSETS

Loans on bond and mortgage.........................
Loans on shares .............................................
Real estate ......................................................
Cash on hand and in bank...........................
Furniture and fixtures .................................
Advances for taxes, insurance, etc..............

$418,682
2, 500
15,000
9,907
570
342

17
00
00
42
00
46

$447, 002 05
LIABILITIES.

Due shareholders, instalment shares ...........................................
Due shareholders, income shares......................................................
Balance to be paid borrowers on mortgage loans.........................
Prior mortgages ..................................................................................
Contingent fund (as persection 225 of Banking L a w )...............
Unearned or rebatablepremium........................................................
Special deposit ....................................................................................
Suspense account ................................................................................

$314, 589
73,325
2 , 580
19, 200
18,200
18,749
48
309

27
00
00

00
00
82
56
40

$447,002 05
RECEIPTS.

Cash on hand January 1, .1912.......................................................
Dues on instalment shares credited to members........................
Dues on income shares ....................................................................




$19,739 87
112,800 56
23,450 00

148

R eport on S ay ing s a n d L oan A ssociations .

Prior mortgages ...................................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares repaid........................................................................
Interest received ...................................................................................
Rent received .............................................................. .......................
Advances repaid ...................................................................................
Special d e p o s its.....................................................................................
Contingent fund ...................................................................................
F u rn itu re................................................................................................

$12, 250
49,245
2, 683
23, 345
2, 064
986
4 , 595
1 , 200
30

00
13
00
36
00
09
48
00
00

$252,389 49
DISBURSEMENTS.

Loaned on mortgage............................................................................
$100,390 00
Loaned on shares .......................................................................................
2,60000
Instalment dues repaid on withdrawal, or applied on loans..
88,.529 12
Paid income shares .............................................................................
12, 755 00
Cash dividends paid on income and accumulative prepaid
sh a res.........................................................................................................
2,99172
. 8,500 00
Paid borrowed money and prior mortgages............... ...................
Paid interest on borrowed money and prior mortgages..........
1,089 85
Paid salaries and clerk-hire ............................................................
2, 554 00
Paid advertising, printing and postage .......................................
377 95
Paid r e n t ................................................................................................
900 00
Paid repairs to real estate ..............................................................
197 53
Paid taxes, insurance, etc..................................................................
1,276 16
Paid banking department, examination .......................................
42 25
Paid banking department, assessment .........................................
30 71
Officers’ bonds .......................................................................................
14 00
Metropolitan and State League dues and expenses.....................
38 50
Dividends credited to members........................................................
13,473 11
Contingent fund ............................................................ .'....................
1,200 00
Special deposits ..................................................................................
4, 783 42
A ppraisers............................ ! ................................................................
31 30
Janitor, light and h e a t ......................................................................
634 65
Telephone................................................................................................
36 00
S u n d ries..................................................................................................
6 80
Profit and l o s s .......................................................................................
30 00
Cash on hand December 31, 1912......................................................
9,907 42
$252,389 49
Plan, permanent. Par value of shares, $100. Instalments are 50 cents
monthly.
Shares in force January 1, 1912, 7,517%; shares issued during the year,
2,730% ; shares withdrawn during the year, 1,367 1/10; shares in force,
8,880%. Borrowing members, 152, holding 2,350% shares; non-borrowing
members, 1,117, holding 6,530 shares. No record of female shareholders.
Total dividends credited members during the year on instalment shares,
$13,473.11; rate, 5 per cent. Total dividends credited or paid in cash to
members during the year on other shares, $2,991.72; rate, 5 per cent.
No unpaid withdrawals. Operating expenses, as defined in section 227 of
the Banking Law, incurred and paid during the year, $4,593.20. Unpaid,
none.
No premium plan. Interest paid by borrowing members, 6 per cent. No
premium charged.
Loans have been made in Kings, Nassau, New York, Queens and West­
chester counties, New York State, and in New Jersey. Largest mortgage loan
outstanding, $13,500. Mortgages in force in New York State, $417,682.17.
One foreclosure during the year.




K in g s C o u n t y .

149

EAST NEW YORK SAVINGS AND LOAN ASSOCIATION.
No. 2790 Fulton street, Brooklyn, N. Y.
[Organized under Law o f 1892.

Secretary ..................
Treasurer ___ .•
____
Attorney ...................

Commenced business 1892.]

MORRI-S KLEIN ...............
FREDERICK BOSCHEN . .
WALTER L. DURACK-----

50 Bradford Street.
Hillside Bank, Richmond Hill.
215 Montague Street.

ASSETS

Loans on bonds and mortgage............................................................
Loans on shares ..................................................................................
Contracts for the sale of real estate.............................................
Real -estate ..........................................................................................
Cash on hand and in bank................................................................
Furniture and fixtures ......................................................................
Advances for taxes, insurance, etc.................................................

$247, 800
2, 450
1,500
20, 500
41,490

00

00
00
00
64
100 00
1,485 27

$315,325 91

L IA B IL IT IE S.

Due shareholders, instalment shares .............................................
Due shareholders, income shares
.............................................
Prior mortgages ..................................................................................
Earnings undivided ............................................................................
Contingent fund (as per section 225 of Banking L a w )..........
Suspended accounts ............................................................................
Special f u n d ..........................................................................................
Mortgage on real e s t a t e ......................................................................

$116, 534
127, 300
39, 000
9, 029
19, 107
350
4
4, 000

97
00
00
14
23
57
00
00

$315,325 91

RECEIPTS.

Cash on hand January 1, 1912........................................................
Dues on instalment shares credited to members...........................
Dues on income sh a r e s........................................................................
Prior mortgages ..................................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares repaid ....................................................................
Real estate s o l d ....................................................................................
Interest received ................................................................................
Premium received ................................................................................
Rent r eceiv ed ........................................................................................
Undivided earnings ............................................................................
Real estate loss ....................................................................................
Matured sh a r e s ....................................................................................
Special deposits ..................................................................................
Furniture loss ......................................................................................
Profit and l o s s ......................................................................................
Special fund ........................................................................................
Suspended accounts ............................................................................
Expense ................................................... (..............................................




$40,356
73,975
28, 700
2, 000
44, 400
4, 335
4, 240
13, 032
3, 528
695
677
353
1, 000
2, 752
73
15, 398
4
208
1, 963

79
19
00
00
00
00
00
56
62
05
50
11
00
59
00
67
00
52
01

$237,693 61

150

R eport on S a v in g s a n d L oan A ssociations .
DISBURSEMENTS.

Loaned on mortgage ..........................................................................
Loaned on shares .................................................................................
Instalment dues repaid on withdrawal, or applied onloa n s.. . .
Paid income shares .............................................................................
Cash dividends paid on income and accumulative prepaid
sh a res..................................................................................................
Paid matured shares ........................................................................
..........................
Paid borrowed money and prior mortgages
Paid interest on borrowed money and prior mortgages..............
Paid for real e s t a t e .. . , ....................................................................
Paid salaries and clerk-hire ............................................................
Paid advertising, printing and postage .......................................
Paid repairs to real estate..........................
Paid taxes, insurance, etc................................................. ..................
Paid banking department, assessment...........................................
Real estate profits ...............................................................................
E x p en ses.................................................................................................
Suspended accounts .............................................................................
Undivided earnings .............................................................................
Special d e p o s its.................................................................................
Mortgage on real estate ....................................................................
Interest to p r o fit s .................................................................................
Premium to profits .............................................................................
Profit and loss .....................................................................................
Cash on hand December 31, 1912....................................................

$53, 000
4, 095
55, 996
28, 500

00
78
00

7, 393
1,000
3, 000
2 , 393
3,500
1,478
194
327
1, 119
23
341
266
49
913
3, 923
6 , 000
10, 639
3, 528
8 , 519
41,490

47
00
00
43
00
46
99
05
51
11
60
45
03
31
20
00
13
62
83
64

00

$237,693 61

Plan, permanent. Par value of shares, $100. Instalments are 10 cents
weekly and 50 cents monthly.
Shares in force January 1, 1912, 11,911; shares issued during the year,
3,122% ; shares withdrawn during the year, 2,167; shares in force, 12,866%.
Borrowing members, 54, holding 2,012% shares; non-borrowing members,
667, holding 10,854 shares. No record of female shareholders. Total divi­
dends credited members during the year on instalment shares, $5,467.38; rate,
6 per cent. Total dividends credited or paid in cash to members during the
year on other shares, $7,393.47; rate, 6 per cent.
No unpaid withdrawals. Amount of shares matured during the year,
$1,000. Operating expenses, as defined -in section 227 of the Banking Law,
incurred and paid during the year, $1,939.90. Unpaid, none.
Premium plan, instalment. Interest paid by borrowing members, 5% per
cent, and 6 per cent. Premium paid by borrowing members,
per cent, and
1 per cent.
Loans have been made in Kings, Nassau and Suffolk counties, New York
State. Largest mortgage loan outstanding, $19,400. Mortgages in force
in New York State, $247,800. One foreclosure during the year.

2
%

EQUITABLE CO-OPERATIVE BUILDING AND LOAN ASSOCIATION.
No. 124 Court street, Brooklyn, N. Y.
[Organized under Law of 1851.
Officers.
P resid en t.................
Secretary ...................
Treasurer .................
Attorney.....................




Commenced business 1888.]

Names.
JAMES P. JUDGE...............................
THOMAS M. MANNION..................
J. M. LENNON.....................................
JAMES P. JUDGE............................

Post-office addresses.
189 Montague Street
244 Macon Street.
804 Sterling Place.
189 Montague Street

K in g s C o u n t y .

151

ASSETS.

Loans on bond and mortgage............................................................
Real e s t a t e ............................................................................................
Casb on hand and in bank..................................................................
Furniture and fixtures ......................................................................
Advances for taxes, insurance, e tc .................................................

$205,025 00
4,015 97
9,147 84
200 00

105 53
$218,494 34

LIABILITIES.

Due shareholders, instalment shares.............................................
Due shareholders, income shares.....................................................
Dividends credited ..............................................................................
Earnings undivided ............
Contingent fund (as per section 225 of Banking L a w )..............
Interest payable ..................................................................................

$150, 086
42, 800
7,452
4,678
12, 525
952

47
00

19
10

02
47

$218,494 34

RECEIPTS.

Cash on hand January 1, 19d2..........................................................
Dues on instalment shares credited to members...........................
Dues on income shares........................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares repaid........................................................................
Interest re ceiv ed ..................................................................................
Rent r eceiv ed ........................................................................................
Advances repaid ..................................................................................
Rebate from gas company..................................................................
Rebate of taxes ..................................................................................
Cash over ..............................................................................................

$ 8 ,8 8 8
42, 859
7,725
39,100
275
13, 746
125
1, 390

86

31
00
00
00

55
00
40
1 50
65 89
5 00

$114,182 51

DISBURSEMENTS.

Loaned on mortgage............................................................................
Loaned on shares..................................................................................
Instalment dues repaid on withdrawal, or applied on lo a n s .. ..
Paid income shares..............................................................................
Cash dividends paid on income and accumulative prepaid
sh ares..................................................................................................
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage.........................................
Paid rent ...............................................................................................
Paid banking department, examination.........................................
Paid banking department, assessment...........................................
Advances for taxes, insurance, e tc .................................................
General expenses.............................................................................
Moving expenses..................................................................................
Sundries .................................................................................................
Cash on hand December 31, 1912......................................................

$23,950
275
67, 260
6 , 300

00
00
19
00

1, 877
2, 597
52
500
36
17
1,352
238'
548
27
9,147

56
84
75
00
94
72
40
60
67
00
84

$114, 182 51
Plan, permanent. Par value of shares, $250 and $100.
25 cents and 10 cents weekly.




Instalments are

152

R eport on S a v in g s a n d L o an A ssociations .

Shares in force January 1 , 1912, 6,192; shares issued during the year, 735;
shares withdrawn during the year, 762; shares in force, 6,165. Borrowing
members, 69, holding 712 shares; non-borrowing members, 310, holding 5,453
shares. No record of female shareholders. Total dividends credited members
during the year on instalment shares, $7,452.19; rate, 5 per cent. Total
dividends credited or paid in cash to members during the year on other shares,
$1,877.56; rate, 4% per cent.
No unpaid withdrawals. Operating expenses, as defined in section 227 of
the Banking Law, incurred and paid during the year, $3,387.69. Unpaid,
none.
Premium plan, premium interest. Interest paid by borrowing members,
5 per cent, and 6 per cent. Piemium paid by borrowing members,
per
cent.
Leans have been made in Kings, New York, Queens and Richmond counties,
New York State. Largest mortgage loan outstanding, $6,500. Mortgages in
force in New York State, $205,025. No foreclosures during the year.

1
%

FIFTH AVENUE SAVINGS AND LOAN ASSOCIATION.
No. 483a Fifth avenue, Brooklyn, N. Y.
[Organized under Law of 1851.
Officers.
President ..
Secretary ..
Treasurer .
Attorney ..

Commenced business 1890.]

Names.
WM. M. KELLOGG..........................
STEPHEN Y. MCNAIR....................
WM. J. ALLEN................................
JAMES P. JUDGE............................

Post-office addresses.
488 Thirteenth Street.
1837 ©1st Street.
505 Sixth Avenue.
189 Montague Street.

ASSETS.

loa n s on bond and mortgage............................................................
Leans on shares ..................................................................................
Real e s t a t e .............................................................................................
Cash on hand and in bank..................................................................
Furniture and fixtures........................................................................
Interest, premium, fees and fines due and unpaid.......................

$96,000
1, 350
6 , 689
2, 353
50
796

00
00
42
28
00
74

$107,239 44
LIABILITIES.

Due shareholders, instalment shares...............................................
Dividends credited ..............................................................................
Earnings undivided ............................................................................
Contingent fund s(as per section 225 of Banking L a w )............

$42,967
51, 087
2, 954
10,229

61
50
40
93

$107,239 44
RECEIPTS.

Cash on hand January 1, 19121..........................................................
Dues on instalment shares credited to members...........................
Money borrowed ...................................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares repaid........................................................................
Interest r eceiv ed ...................................................................................
Premium receiv ed .................................................................................
Rent receiv ed .........................................................................................




$10, 017
9,777
1, 500
11,500
2, 725
5, 304
848
191

37'
43
00
00
00
38
04
88

$41,864 10

K in g s C o u n t y .

153

DISBURSEMENTS.

Loaned on mortgage............................................................................
Loaned on shares..................................................................................
Instalment dues repaid on withdrawal, or applied on loa n s.. . .
Dividends paid on withdrawal, or applied on loans......................
Paid borrowed money and prior mortgages..............
Paid interest on borrowed money and prior mortgages..........
Paid for real estate..............................................................................
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage.........................................
Paid rent ..............................................................................................
Paid repairs to real estate..................................................................
Paid taxes, insurance, etc..................................................................
Paid banking department, examination.........................................
Paid banking department, assessment...........................................
Officers’ bonds ......................................................................................
State League dues................................................................................
Attorney f e e s ........................................................................................
Auditor’s fe e s ........................................................................................
Cash on hand December 31, 1912.....................................................

$16,750 00
2, 045 00
10, 003 39
411 50
1,500 00
12 92
5,977 02
734 0
120 30
216 00
258 40
469 00
15 50
778
5 00
5 00
50 00
30 00
2,353 28
$41,864 10

Plan, permanent. Par value of shares, $250 and $100. Instalments are
25 cents and 10 cents weekly.
Shares in force January 1, 1912, 2,293; shares issued during the year, 234;
shares withdrawn during the year, 116; shares in force, 2,411. Borrowing
members, 34, holding 384 shares; non-borrowing members, 178, holding 2,027
shares. Female shareholders, 75, holding 840 shares. Total dividends credited
members during the year on instalment shares, $4,746.96; rate, 5% per cent.
Total dividends forfeited by withdrawing members during the year, $411.50.
No unpaid withdrawals. Operating expenses, as defined in section 227 of
the Banking Law, incurred and paid during the year, $1,110.31. Unpaid,
none.
Premium plan, instalment. Interest paid by borrowing members, 5% pen
cent. Premium paid by borrowing members, 2 cents to 10 cents per share
per week.
Loans have been made in Kings county, New York State. Largest mort­
gage loan outstanding, $6,500. Mortgages in force in New York State,
$96,000. No foreclosures during the year.

FLATBUSH CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION.
No. 828 Rogers avenue, Brooklyn, N. Y.
[Organized under Law of 1887.
Officers.
President....................
Secretary ..................
Treasurer .................
Attorney ...................

Commenced business 1889.]

Names.
JOHN M cE L V E R Y ............................
JOSEPH F. CURREN.........................
GEORGE W. EGBERT........................
JOHN D. PRINCE, J R ........................

Post-office addresses.
342 Lenox Road.
828 Rogers Avenue.
126 E. 19th Street.
166 Montague Street.

ASSETS.

Loans on bond and mortgage............................................................
Loans on shares....................................................................................
Cash on hand and in bank..................................................................
Furniture and fixtures........................................................................
Interest, premium, fees and fines due and unpaid.......................




$157,700
675
3, 023
125
478

63
00
52
00
61

$162,002 76

154

R eport on - S av in g s a n d L oan A ssociations .
LIABILITIES.

Due shareholders, instalment shares...............................................
Dividends credited ..............................................................................
Contingent fund (as per section 225 of Banking L a w )............
Unearned or rebatable premium........................................................
Advance payments .......................•
.......................................................

$122,292
28, 2.16
6,366
4,837
290

00
84
18
74
00

$162,002 76
RECEIPTS.

Cash on hand January 1, 1912..........................................................
Dues on instalment shares credited to members...........................
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares repaid........................................................................
Fees r e ce iv e d .........................................................................................
Fines received .......................................................................................
Interest received ........................................................................ ..
Premium received ..............................................................................
Appraisers’ fees .....................................................................................
Miscellaneous ........................................................................................

$13,283
21, 833
4, 287
2,075
66

100
6 , 433

418
40
75

01
00
50
00
50
91
80
50
00
50

$48,613 72
DISBURSEMENTS.

Loaned on mortgage............................................................................
Loaned on shares ................................................................................
Instalment dues repaid on withdrawal, or applied on loans. . .
Dividends paid on withdrawal, or applied on loans..................
Paid matured sh a r e s ..........................................................................
Paid salaries and clerk-hire.......................: .....................................
Paid advertising, printing and. postage.........................................
Paid rent ...............................................................................................
Paid taxes, insurance, etc..................................................................
Paid banking department, examination.........................................
Paid banking department, assessment.............................................
General expenses........ ..........................................................................
Advance in te r e st...................................................................................
M iscellaneous........................................................................................
Appraisers’ f e e s ....................................................................................
Cash on hand December 31, 1912...................................................

$23,918 50
1 , 300 00
5, 058 00
674 36
13, 613 76
660 00
31 85
120 00
2 00

26
11
51
44
37
40
3,023

00
60
78
85
50
00
52

$48,613 72
Plan, permanent.- Par value of shares, $200. Instalments are $1 monthly.
Shares in force January 1, 1912, 1,877; shares issued during the year, 248;
shares withdrawn during the year, 185; shares in force, 1,940. Borrowing
members, 32, holding 875 shares; non-borrowing members, 201, holding 1,065c
shares. Female shareholders, 89, holding 558 shares. Total dividends credited
members during the year on instalment shares, $6,501.46; rate, 5.989 per cent.
No unpaid withdrawals. Amount of shares matured during the year,
$13,613.76. Entrance or membership fee, 25 cents per share. Operating ex­
penses, as defined in section 227 of the Banking Law, incurred and paid dur­
ing the year, $863.63. Unpaid, none.
Premium plan, gross. Interest paid by borrowing members, 5 per cent, on
mortgage loans; 6 per cent, on share loans. Premium paid by borrowing
members, $3.37% per share.
Loans have been made in Kings and Queens counties, New York State.
Largest mortgage loan oustanding, $16,708.75. Mortgages in force in New
York State, $157,700.63. No foreclosures during the year.




K in g s C o u n t y .

155

FORT GREENE CO-OPERATIVE BUILDING AND LOAN ASSOCIATION.
No. 401 Bridge street, Brooklyn, N. Y.
[Organized under Law of 1851.
Officers.
P re sid e n t.................
Secretary ..................
Treasurer .................
Attorney ...................

Commenced business 188®.]

Names.
JOHN J. KENNEY.............
JOHN H. JACKSON...........
WILLIAM J. L A R K IN ....
HENRY E. HEISTAD.........

Post-office addresses.
277 Myrtle Ave.
17 Battery Place, N. Y. City.
738 St. John's Place.
190 Montague Street.

ASSETS.

Loans on bond and mortgage...................................
Loans on shares.........................................................
Real estate ..................................................................
Cash on hand and in bank.......................................
Furniture and fixtures.............................................
Interest, premium, fees and fines due and unpaid

$101,550
11,692
6,000
6,731
100
921

00
50
00
37
00
46

$126,995 33
LIABILITIES.

Due shareholders,instalment shares...................................................
Dividends credited ..............................................................................
Earnings undivided ............................................................................
Contingent fund (as persection225 of Banking L a w )...............
Suspense account
..............................................................................
Appraiser’s fee . ' ...........................................................................
R e n t .........................................................................................................

$98,053
23, 116
2, 699
3,085

48
56
59
95
6 00
2 50
31 25

$126,995 33
RECEIPTS.

Cash on hand January 1, 1912..........................................................
Dues on instalment shares credited to members...........................
Mortgages redeemed,foreclosed or transferred to real estate..
Loans on shares repaid........................................................................
Fees received ........................................................................................
Fines received ......................................................................................
Interest received ................................................................................
Premium received ................................................................................
Rent received ........................................................................................
Appraisal fees ......................................................................................

$4,546
23, 838
16,850
5,856
28
87
5, 735
1, 423
488
35

59
12
00
19
25
19
73
82
00
00

$58,888 89
DISBURSEMENTS.

Loaned on mortgage............................................................................
Loaned on shares..................................................................................
Instalment dues repaid on withdrawal, or applied on loans.. .
Dividends paid on withdrawals, or applied on loans...................
Paid matured shares ........................................................................
Paid for real estate...........................................................
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage...........................................
Paid r e n t ................................................................................................
Paid repairs to real estate................................................................
Paid taxes, insurance, etc..................................................................
Paid banking department, examination......................
Paid banking department, assessment...........................................
Officers’ bonds ........................................................................................
State League dues ..............................................................................




$8 , 100
10,068
10,029
862
14, 820
6,920
856
58
93
151
107
18
9

00
50
57
29
09
97
00
05
75
96
40
20
39
6 00
11 00

156

R epoet on S a y in g s a n d L oan A ssociations .

Keys .......................................................................................................
A p p ra isers............................................
A u d ito rs..................................................................................................
Interest returned .................................................................................
Cash on hand December 31, 1912......................................................

$0 35
35 00
6 00
3 00
6,731 37
$58,888 89

Plan, permanent. Par value of shares, $200 and $250. Instalments are
25 cents weekly or $1 monthly.
Shares in force January 1 , 1912, 2 , 0 9 9 shares issued during the year,
23 4% ; shares withdrawn during the year, 449% ; shares in force, 1,884 7/20;
borrowing members, 25, holding 338 7/20 shares; non-borrowing members,
208, holding 1,545 shares. Female shareholders, 71, holding 393% shares.
Total dividends credited members during the year on instalment shares,
$5,850.53; rate, 6 per cent. Total .dividends forfeited by withdrawing mem­
bers during the year, $341.61.
No unpaid withdrawals. Amount of shares matured during the year,
$14,820.09. Entrance or membership fee, 25 cents and 50 cents per member.
Operating expenses, as defined in section 227 of the Banking Law, incurred
and paid during the year, $1,031.15. Operating expenses, as defined in sec­
tion 227 of the Banking Law, incurred during the year and remaining unpaid,
$31.
Premium plan, instalment. Interest paid by borrowing members, 6 per
cent. Premium paid by borrowing members, % of 1 per cent.
Loans have been made in Kings and Queens counties, New York State.
Largest mortgage loan outstanding, $6,500. Mortgages in force in New York
State, $101,550. One foreclosure during the year.

FULTON CO-OPERATIVE BUILDING AND LOAN ASSOCIATION.
No. 177 Court street, Brooklyn, N. Y.
[Organized under Law of 1861.
•Officers.
P re sid e n t.................
Secretary ..................
Treasurer .................
Attorney ...................

Commenced business 1888.]

Names.
E. DROSSE .......................................
J. F. RATHBON.................................
CHARLES C. JACOBS....................
RALPH K. JACOBS........................

Post-office addresses.
25 Broad Street.
136 Willoughby Street.
796 President Street.
215 Montague Street.

ASSETS.

Loans on bond and mortgage...................................
Loans on shares ..........................................................
Real estate ....................................................................
Cash on hand and in bank.........................................
Furniture and fixtures ..............................................
Interest, premium, fees and fines due and unpaid
Rent in arrears ............................................................

$24,150
1, 328
9,250
4,731
256
30
20

00
00
00
38
10
45
00

$39,765 93
LIABILITIES.

Due shareholders, instalment shares................................................
Due shareholders, income shares.......................................................
Dividends credited ..............................................................................
Earnings undivided ............................................................................
Contingent fund (as per section 225 of Banking L a w )...............
Mortgage on property ........................................................................




$19,686 60
9,000 00
3, 815 ‘ 57
888 76
2, 875 00
3, 500 00
$39,765 93

K in g s C o u n t y .

157

RECEIPTS.

Cash on hand January 1, 1912...........................................................
Dues on instalment sharescredited to members...........................
Dues on income shares........................................................................
Mortgages redeemed, foreclosed or transferred to real estate. .
Loans on shares repaid........................................................................
Fees received ........................................................................................
Interest received ................................................................................
Kent received ........................................................................................

$1,501
7,577
3,000
3, 000
282
1
1» 402
746

78
57
00
00
00
50
15
00

$17,511 00
DISBURSEMENTS.

Loaned on mortgage..............................................................................
Loaned on shares....................................................................................
Instalment dues repaid on withdrawal, or applied on loa n s.. .
Paid income shares..............................................................................
Dividends paid on withdrawal, or applied on loans.....................
Cash dividends paid on income and ■accumulative prepaid
shares............................................................................. ‘.....................
Paid salaries and clerk-hire...............................................................
Paid advertising, printing and postage...........................................
Paid banking department, examination.........................................
Paid banking department, assessment...........................................
Interest reb a ted ..............................................................................
Sundry expenses ..................................................................................
L ig h t s .............................................................................
Real estate expenses..........................................................’. ................
Cash on hand December 31, 1912.............. , ......................................

$2,600
1,535
6 , 146
200
349

00
00
69
00
72

431
337
100
18
2

25
00
80
10
69
05
57
56
19
38

6

33
56
962
4,731

$17,511 00
Plan, serial. Par value of shares $100. Instalments are 10 cents weekly.
Shares in force January 1, 1912, 480%; shares issued during the year,
133; shares withdrawn during the year, 67; shares in force, 546%. Bor­
rowing members, 11, holding 130% shares; non-borrowing members, 59,
holding 416 shares. Female shareholders, 14, holding 75 shares.
Total dividends credited- members during the year on instalment shares,
$1,043.90; rate 5 per cent.
Total dividends credited or paid in cash to members during the year on other
shares, $431.25; rate 5 per cent.
No unpaid withdrawals. Entrance or membership fee, 50 cents per member.
Operating expenses, as defined in section 227 of the Banking Law, incurred
and paid during the year, $527.93. Unpaid, none. No premium plan. Interest
paid by borrowing members, 5 per cent, and 6 per cent. No premium charged.
Loans have been made in Kings, Queens and Richmond counties, New York
State. Largest mortgage loan outstanding, $3,500. Mortgages in force in New
York State, $24,150. No foreclosure^ during the year.

GERMAN BUILDING AND SAVING COMPANY OF BROOKLYN, N. Y.
No. 949 Willoughby avenue, Brooklyn, N. Y.
[Organized under Law of 1851.
Officers.
P resid en t.................
Secretary ..................
Treasurer .................
Attorney ...................




Commenced business 1886.]

Names.
HENRY C. MACHOLD...........
ADAM ARCEHNAL ...............
ADAM ARCHINAL ...............
GEORGE L. STAMM...............

166
272
272
140

Post-office addresses,
Chauneey Street.
Forest Avenue.
Forest Avenue
Nassau St., New York

158

R eport on S a y in g s a n d L oan A ssociations .
assets.

Loans on bond and mortgage............................................................
Loans on shares.....................................................................................
Cash on hand and in bank..................................................................

$17,450 00
629 00
2,610 79
$20,689 79

LIABILITIES.

Due shareholders, instalment shares................................................
Dividends credited ...............................................................................
Earnings undivided .............................................................................
Contingent fund (as per section 225 of Banking L a w )............
Unearned or rebatable premium........................................................

$17,672
1 , 976
399
267
374

16
06
61
18
78

$20,689 79
RECEIPTS.

Cash on hand January 1, 1912................................. : ......................
Dues on instalment shares credited to members...........................
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares repaid........................................................................
Fees received .......................................................................................
Fines received ......................................... .............................................
Interest re ce iv e d ..................................................................................

$2, 720
5,457
1,250
1,065
117
80
1,167

56
27
00
00
69
01
18

$11,857 71
DISBURSEMENTS.

Loaned on shares...................................................................................
Instalment dues repaid on withdrawal, or applied on loans.. .
Dividends paid on withdrawal, or applied on loans.....................
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage...........................................
Paid r e n t ...............
Paid banking department, examination .........................................
Paid banking department, assessment.............................................
Officers’ b o n d s ........................................................................................
Safe deposit box.....................................................................................
Cash on hand. December 31, 1912....................................................

$329
7,066
1, 305
465
46
2
15
1

00
90
85
50
15
50
50
72
8 80
5 00
2,610 79
$11,857 71

Plan, serial and permanent.

Par value of shares, $100.

Instalments are

10 cents weekly.

Shares in force January 1 , 1912, 995; shares issued during the year, 400;
shares withdrawn during the year, 250; . shares in force, 1,145. Borrowing
members, 11, holding 195 shares; non-borrowing members, 95, holding 950
shares. Female shareholders, 28, holding 285 shares.
Total dividends credited members during the year on instalment shares,
$1,043.36; rate 4
per cent. Total dividends forfeited by withdrawing
members during the year, $77.94.
No unpaid withdrawals. Entrance or membership fee, 25 cents per member
and 10 cents per share. Operating expenses, as defined in section 227 of the
Banking Law, incurred and paid during the year, $527.95. Unpaid, none.
Premium plan, gross. Interest paid by borrowing members, 6 per cent. Pre­
mium paid by borrowing members, 2 per cent.
Loans have been made in Kings, Nassau and Queens counties, New York
State. Largest mortgage loan outstanding, $3,500. Mortgages in force in
New York State, $17,450. No foreclosures during the year.




K in g s C o u n t y .

159

GERMANIA BUILDING, SAVING AND LOAN INSTITUTION.
No. 1289 Myrtle avenue, Brooklyn, N. Y.
[Organized under Law of 1851.
Officers.
President....................
Secretary ..................
Treasurer .................
Attorney ...................

Commenced business 1888.]

Names.
ARTHUR S. COLBORNE................
ADO GLAESER ..............................
ARTHUR L. WISBAUER................
GEO. F. ALEXANDER....................

Post-office addresses.
1499 Broadway.
97 Stanbope Street.
393 Stanhope Street.
315 Washington Street.

ASSETS.

Loans on bond and mortgage............................................................
Cash on hand and in bank................................................................
Furniture and fixtures........................................................................
Interest, premium, fees and fines due and unpaid.......... ..
B y -la w s...................................................................................................

$3, 850
172:
55
47
12

00
67
00
89
00

$4,137 56
LIABILITIES.

Due shareholders, instalment shares...............................................
Due shareholders, juvenile savings shares.....................................
Dividends credited ..............................................................................
Prior mortgages ..................................................................................
Earnings undivided ............................................................................
Contingent fund (as per section 225 of Banking L a w )..........

$3,178 45
3 45
112 75
700 00
90 15
52 76
$4,137 56

RECEIPTS.

Cash on hand January 1, 1912..........................................................
Dues on instalment shares credited to members.........................
Dues on juvenile savings sh ares......................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares repaid......................................................................
Fees received ........................................................................................
Interest received .................................................................. i ............
Sale of by-laws...................................................................................
Contingent fund ..................................................................................

$113 30
922 90
3 45
400 00
140 00
10 40
243 29
2 30
3 00
$1,838 64

DISBURSEMENTS.

Loaned on mortgage............................................................................
Instalment dues repaid on withdrawal, or appliedon l oans . . . .
Dividends paid on withdrawal, or applied onloans..................
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage.........................................
Paid rent ...............................................................................................
Paid banking department, examination .......................................
Paid banking department, assessment .........................................
Cash on hand December 31, 1912...................................................

$400
1,151
53
10
25
13
12

00

22
39
43
63
00
00
30
172 67

$1,838 64
Plan, permanent. Par value of shares, $100. Instalments are 10 cents
weekly.
Shares in force January 1, 1912, 290; shares issued during the year, 106;
shares withdrawn during the year, 70; shares in force, 326. Borrowing mem­




160

R eport on S a y in g s a n d L o an A ssociations .

bers, 4, holding 45 shares; non-borrowing members 36, holding 281 shares.
Female shareholders, 7, holding 31 shares. Total dividends credited members
during the year on instalment shares, $112.75; rate 5 per cent.
No unpaid withdrawals. Entrance or membership fee, 10 cents per share.
Operating expenses, as defined in section 227 of the Banking Law, incurred
and paid during the year, $49.06. Unpaid, none.
No premium plan. Interest paid by borrowing members, 5 per cent, and
6 per cent. No premium charged.
Loans have been made in Kings and Queens counties, New York State.
Largest mortgage loan outstanding, $2,050. Mortgages in force in New York
State, $3,450. No foreclosures during year.

HAMILTON CO-OPERATIVE BUILDING AND LOAN ASSOCIATION.
No. 496a Court street, Brooklyn, N. Y.
[Organized under Law of 1851.
Officers.
P re sid e n t.................
Secretary ..................
Treasurer .................
Attorney ...................

Commenced business 1889.]

Names.
J. BARTH. CRONIN............................
CHAS. J. CULLEN..............................
FRANCIS S H E A ..................................
JOHN P. HURLEY..............................

Post-office addresses.
573 Clinton Street.
39 Third Place.
518 Court Street.
489 Clinton Street.

ASSETS

Loans on bond and mortgage.......................
Loans on shares...............................................
Real estate ......................................................
Cash on hand and in bank...........................
Furniture and fixtures...................................
Advances for taxes, insurance, e tc .............

$64,698
1,692
4,.391
23,773
374
3,097

80
90
95
36
25
88

$98,029 14
LIABILITIES.

Due shareholders, instalment shares.............................................
Earnings undivided ................................... .........................................
Contingent fund (as per section 225 of Banking L a w )..........

$91,444 25
2,213 95
4,370 94
$98,029 14

RECEIPTS.

Cash on hand January 1, 1912........................................................
Dues on instalment shares credited to members.......................
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares repaid......................................................................
Real estate sold.....................................................................................
Fees received .......................................................................................
Fines received .......................................................................................
Interest received ..............................................................................
Premium received ...............................................................................
Rent received .......................................................................................
Advances repaid ..................................................................................
Cash over .............................................................................................
D e p o s it....................................................................................................
Reverted dividends .............................................................................
Insurance premium refunded............................................................
Loss and gain.......................................................................................




$9,949
41,429
7,751
1,204
6,500
34
146
4,334
1,044
420
940
7
50
12
4
40

04
87
20
00
00
25
13
14
61
00
25
74
00
30
00
42

$73,867 95

K in g s C o u n t y .

161

DISBURSEMENTS.

Loaned on m ortg a g e...........................................................................
Loaned on sh a re s................................................................................
Instalment dues repaid on withdrawal, or applied on loans..
Dividends paid on withdrawal, or applied on loans..................
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage.........................................
Paid rent . ................................................
Paid repairs to real estate................................................................
Paid taxes, insurance, e tc ..................................................................
Paid banking department, examination.........................................
Paid banking department, assessment ....................................... ,
Officers’ bonds ......................................................................................
Advances for taxes, insurance, etc.................................................
Metropolitan and State League dues and expenses....................
Com m issions.........................................................................................
A u d ito rs.................................................................................................
Ja n itress.................................................................................................
Light and heat......................................................................................
Electric repairs ..................................................................................
Deposit returned ................................................................................
Fines refunded ....................................................................................
Cash short .............................................................................................
Loss and g ain ........................................................................................
Cash on hand December 31, 1912...................................................

$2,600 00
2,487 90
36,133 15
3,876 09
1,189 75
33 81
216 00
187 10
13 50
33 50
711
12 00
2,726 01
61 00
190 00
20 00
69 00
129 29
5 78
50 00
08
13 10
40 42
23,773 36
$73,867 95

Plan, permanent. Par value of shares, $200 and $250. Instalments are
25 cents weekly.
Shares in force January 1, 1912, 3,876 7/1 0; shares issued during the year,
968; shares withdrawn during the year, 754 1/10; shares in force, 4,090 6/10.
Borrowing members, 27, holding 308% shares; non-borrowing members, 526,
holding 3,782 shares. Female shareholders, 320, holding 2,132% shares.
Total dividends credited members during the year on instalment shares,
$3,876.09; rate 4% per cent. .
No unpaid withdrawals. Entrance or membership fee, 25 cents per share.
Operating expenses, as defined in section 227 of the Banking Law, incurred
and paid during the year, $1,789.73. Unpaid, none.
Premium plan, instalment. Interest paid by borrowing members, 5% per
cent, and 6 per cent. Premium paid by borrowing members, 10 cents per
share per week.
Loans have been made in Kings county, New York State. 'Largest mort­
gage loan outstanding, $5,800. Mortgages in force in New York State,
$64,698.80. No foreclosures during the year.

MADISON CO-OPERATIVE BUILDING AND LOAN ASSOCIATION.
No. 897 Gates avenue, Brooklyn, N. Y.
[Organized under Law of 1851.
Officers.
P rts id e n t.................
Secretary ..................
Treasurer .................
Attorney ...................

Commenced business 1888.]

Names.
E. O. BRAGDON.....................
CHARLES F. W ILCOX...........
R. J. DOBBIN..........................
GUY C. FRISBIE.....................

Post-office addresses.
80 Pine Street, New York.
18 Revere Place.
690 Park Place.
132 Nassau St., New York.

ASSETS.

Loans on bond and mortgage..............................................................
Loans on shares............................................... .................................
6




$75, 900 00
1,485 00

162

R eport on S a v in g s a n d L o an A ssociations .

Cash on hand and in bank................................................................
Furniture and fixtures....................................... ............................ ..
Advances for taxes, insurance, e tc...................................................

$3,568 30
25 00
106 00
$81,084 30

LIABILITIES.

Due shareholders, instalment shares...............................................
Due shareholders, income shares........................................................
Dividends c re d ite d ................................................................................
Earnings undivided ............................................................................
Contingent fund (as per section 225 of Banking L a w )...............
Special deposit .....................................................................................

$49,789
21,500
7, 635’
1,117
883
158

00
00
98
43
72
17

$81,084 30
RECEIPTS.

Cash on hand January 1, 1912..........................................................
Dues on instalment shares credited to members...........................
Dues on income snares........................................................................
Prior mortgages ............................................................................ ..
Money b orrow ed .........................................
Mortgages redeemed, foreclosed or transferred to real estate. . .
Loans on shares repaid........................................................................
Fines received ....................................................................
Interest received ...................................................................................
Premium received ................................................................................
Certified check not used........................................................................
Reverted dividends ..............................................................................

$1,842
16,557
3, 900
3, 000
12,200
8, 000
2, 084
63
4, 210
308
2, 400
77

06
00
00
00
00
00
00
75
41
87
00
76

$54,643 85
DISBURSEMENTS.

Loaned on mortgage............................................................................
Loaned on shares..................................................................................
Instalment dues repaid on withdrawal, or applied on loans. . . .
Dividends paid on withdrawal, or applied on loans.....................
Cash dividends paid on income and accumulative prepaid
sh a res............................................................................. ; ....................
Paid matured shafes ..........................................................................
Paid borrowed money and prior mortgages...................................
Paid interest on borrowed money and prior mortgages...............
Paid salaries and clerk-hire ............................................................
Paid advertising, printing and postage...........................................
Paid r e n t ................................................................................................
Paid banking department, assessment.............................................
Officers’ b o n d s ........................................................................................
Advances for taxes, insurance, etc...................................................
Metropolitan and State League dues.............................................
Auditors .................................................................................................
Sundry expenses . ........................................................................
Certified check ............................... .....................................................
Cash on hand December 31, 1912......................................................

$20,700
1,910
6, 417
327

00
00
00
76

931
2, 000
15,200
295
475
161
84
5
16
106
19
12
16
2, 400
3,568

00
00
00
09
00
15
00
05
00
00
00
00
50
00
30

$54,643 85
Plan, permanent. Par value of shares, $100 and $200. Instalments are
$1 monthly.
Shares.in force January 1, 1912, 1,042; shares issued during the year, 613;
shares withdrawn during the year, 393; shares in force, 1,262. Borrowing




K in g s C o u n t y .

163

members, 34, holding 404 shares; non-borrowing members, 115, holding 858
shares. Female shareholders, 44, holding 405 shares. Total dividends credited
members during the year on instalment shares, $2,578.74; rate, 5 per cent.
Total dividends credited or paid in cash to members during the year on other
shares, $931; rate, 5 per cent. Total dividends forfeited by withdrawing
members during the year, $77.76.
No unpaid withdrawals. Amount of shares matured during the year,
$2,000. Operating expenses, as defined in section 227 o f the Banking Law,
incurred and paid during the year, $783.65. Unpaid, none. No premium
plan. Interest paid by borrowing members, 6 per cent. No premium charged.
Loans have been made in Kings, Queens, Richmond, Rockland and West­
chester counties, New York State, and in New Jersey. Largest mortgage loan
outstanding, $9,000. Mortgages in force in New York State, $55,100. No
foreclosures during the year.
MODEL BUILDING AND LOAN ASSOCIATION OF BROOKLYN, N. Y.
No. 129 Ralph avenue, Brooklyn, N. Y.
[Organized under Law of 1851.
Officers.
President....................
Secretary ..................
Treasurer .................
Attorney ...................

Commenced business 1889.]

Names.
THOMAS F. LARKIN......................
JOHN F. LYNCH..............................
FREDERICK L. JENKINS...........
THORNTON J. THEALL...............

Post-office addresses.
488 Decatur Street.
486-a Decatur Street.
133 Bainbridge Street.
43 Cedar Street.

ASSETS.

Loans on bond and mortgage............................................................
Loans on shares....................................................................................
Stocks and bonds..................................................................................
Real estate ..........................................................................................
Cash on hand and in bank................................................................
Interest, premium, fees andfines due and unpaid.......................

$39,250
1,225
2,540
500
4,279
115

00
00
00
00
77
41

$47,910 18
LIABILITIES.

Due shareholders, instalment shares.................................................
Due shareholders, income shares . .....................................................
Dividends credited ......................*.......................................................
Prior mortgages ..................................................................................
Earnings undivided .......................................
Contingent fund (as per section225 of Banking Law ) ............
Interest on mortgage..........................................................................
Special d e p o s it......................................................................................
Suspense account ................................................................................

$21,646
12, 963
2,744
4, 500
2,015
3,900
41
72
27

87
00
05
00
01
00
25
05
95

$47,910 18
RECEIPTS.

Cash on hand January 1, 1912........................................................
Dues on instalment sharescredited to members...........................
Dues on income shares........................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares repaid.....................................................................•
Fees received .................................................................................. .
Interest received ..................................................................................
Premium receiv ed ................................................................................
Appraisers’ fees ....................................................................................
Suspense account .......... ’. ...................................................................




$2,992
6,649
3, 400
700
30
59
2, 397
779
5
27

97
13
00
00
00
37
11
82
00
95

$17,041 35

164

R eport on S a y in g s a n d L oan A ssociations .
DISBURSEMENTS.

Loaned on mortgage..................
Loaned on shares...................................................................................
Instalment dues repaid on withdrawal, or applied on lo a n s ...
Paid income shares................................................................................
Dividends paid on withdrawal, or applied on loans.....................
Cash dividends paid on income and accumulative prepaid
s h a r e s ..................................................................................................
Paid matured shares ................................................................ ..........
Paid interest on borrowed money and prior mortgages.............
Paid salaries and clerk-hire................................................................
Paid advertising, printing and postage.........................................
Paid repairs to real estate................................................................
Paid taxes, insurance, e tc..................................................................
Paid banking department, assessment....................
Officers’ bonds .............................................................
State League dues and expenses......................................................
Appraisers’ fees ...................................................................................
S u n dries..................................................................................................
Cash on hand December 31, 1912..................

$1,000
625
5,440
600
581

00
00
76
00
03

524
2, 880
247
646
26
120
5
3
18
30
5
7
4,279

68
06
50
67
75
00
66
47
00
00
00
00
77

$17,04l 35
Plan, permanent. Par value of shares, $100. Instalments are 25 cents
weekly.
Shares in force January 1, 1912, 1,795%; shares issued during the year,
98; shares withdrawn during the year, 175; shares in force, 1,718%. Bor­
rowing members, 18, holding 333% shares; non-borrowing members, 106,
holding 1,385 shares. Female shareholders, 47, holding 313 shares. Total
dividends credited members during the year on instalment shares, $1,308.40;
rate, 6 per cent. Total dividends credited or paid in cash to members during
the year on other shares, $524.68; rate, 5 per cent, and 6 per cent.
No unpaid withdrawals. Amount of shares matured during the year,
$2,880.06. Operating expenses, as defined in section 227 of the Banking Law,
incurred and paid during the year, $848.42. Unpaid, none.
Premium plan, premium-interest. Interest paid by borrowing members,
per cent. Premium paid by borrowing members, 3 cents per week.
Loans have been made in Kings and Queens counties, New York State.
Largest mortgage loan outstanding, $4,850. Mortgages in force in New York
State, $39,250. No foreclosures during the year.

5s
V

NASSAU CO-OPERATIVE BUILDING AND LOAN ASSOCIATION.
No. 2738 Atlantic avenue, Brooklyn, N. Y.
[Organized under Law of 1851.

Commenced business 1889.]

Officers.
Names.
P resident.................... CARL E. ANSELM............................
Secretary . . . . ............ M. V. DORNEY...................................
Treasurer ................. GEORGE A. F. NORTH. J R ..............
Attorneys ................... KIENDL, SMYTH &GROSS.............

Post-office addresses.
62 Elton Street.
29 Jerome Street.
75 Barbey Street.
2590 Atlantic Avenue.

ASSETS.

Loans on bond and m ortgage............................................................
Contracts for the sale of real estate................................................
Real e s t a t e .............................................................................................
Cash on hand and in bank..................................................................
Furniture and fixtures........................................................................
Interest, premium, fees and fines due and unpaid.......................




$465,800
2,750
3,000
16, 869
314
40

00
00
00
83
29
83

K in g s C o u n t y .
Books and stationery..........................................................................
Accrued interest ................................................................................
Special deposits .......................‘..........................................................

165
$9 95
3, 709 78
154 83
$492,649 51

LIABILITIES.

Due shareholders, dues and dividends credited on instalment
sh a res..................................................................................................
Earnings undivided ............................................................................
Contingent fund (as per section 225 of Banking L a w )..............
Suspense account ................................................................................
Individual account ....................................... ......................................

$473, 067 92
1, 129 29
18, 327 85
54 45
70 00
$492,649 51

RECEIPTS.

Cash on hand January 1,1912............................................................
Dues on instalment sharescredited to members.............................
Money borrowed ..................................................................................
Mortgages redeemed,foreclosed or transferred to real estate..
Real estate s o l d ....................................................................................
Fees received ........................................................................................
Interest received ..................................................................................
Premium r eceiv ed ................................................................................
Rent receiv ed ........................................................................................
Advances repaid ..................................................................................
Special deposit ....................................................................................
Su n dries..................................................................................................

$12,338 40
161,365 67
15,000 00
59,700 00
8,911 89
199 00
24, 328 63
5, 127 05
60 70
824 96
337 56
1 25
$288,195 11

DISBURSEMENTS.

Loaned on m ortg a g e............................. ...............................................
Instalment dues repaid on withdrawal, or applied on loans. ..
Dividends paid on withdrawal, or applied on loans....................
Paid matured shares ..........................................................................
Paid borrowed money and prior mortgages...................................
Paid interest on borrowed money and prior mortgages..........
Paid for real estate............................................................................
Paid salaries and clerk-hire ............................................................
Paid advertising, printing and postage...........................................
Paid r e n t ................................................................... ' ...........................
Paid repairs to real estate................................................................
Paid taxes, insurance, etc..................................................................
Paid banking departm en t...............................................................
Officers’ bonds .......................................................................................
Metropolitan and State League dues...............................................
L ig h ts ..............................................................., ....................................
Special deposits ..................................................................................
Burglar alarm ....................................................................................
Sundries..................................................................................................
Cash on hand December 31, 1912......................................................

$85, 250
102,866
7,109
50, 950
15,000
217
3,454
2, 665
143
360
1,399
812
77
33
14
57
837
30
46
16,869

00
70
51
00
00
92
57
00
33
00
19
95
34
60
50
35
00
00
32
83

$288,195 11
Plan, permanent. Par value of shares, $100 and $250. Instalments are
10 cents and 25 cents weekly.
Shares in force January 1, 1912, 10,814^; shares issued during the year,
3,239; shares withdrawn during the year, 1,318%; shares in force, 12,735.




166

R eport on S a v in g s a n d L oan A ssociations .

Borrowing members, 96, holding 1,426 shares; non-borrowing members, 1,351,
holding 11,309 shares. No record of female shareholders: Total dividends
credited members during the year on instalment shares, $25,160.40; rate, 6
per cent. Total dividends forfeited bv withdrawing members during the year,
$10.83.
No unpaid withdrawals. Amount of shares matured during the year,
$50,950. Entrance or membership fee, $1 per member. Operating expenses,
as defined in section 227 of the Banking Law, incurred and paid during the
year, $3,303.98. Unpaid, none.
Premium plan, instalment.
Interest paid by borrowing members, 5
per cent. Premium paid by borrowing members, 4 cents per share per week.
Loans have been made in Kings, Nassau and Queens counties, New York
State. Largest mortgage loan outstanding, $12,000. Mortgages in force in
New York State, $465,800. One foreclosure during the year.

Y
s

PEOPLE’S CO-OPERATIVE SAVINGS AND
BROOKLYN.

LOANS ASSOCIATION OF

No. 14 Graham avenue, Brooklyn, N. Y.
[Organized
Officers.
President.....................
Secretary.....................
Treasurer.....................
Attorneys.....................

under

Law

o f 1894.

Commenced

business 1895.]

Names.
Post-office addresses.
HENRY W E IL..................... 16 Lispenard St., New York.
MORRIS) HIRSCH.............. 16 Lispenard St., New York.
JOEL B. GOODMAN...........45 E. 20th St., New York.
WEIL & PURVIN.............. 309 Broadway, New York.
ASSETS.

Loans on bond and m ortgage............................................................

$64,750 00

L o a n s on s h a r e s ...................................................................................................

6 ,3 1 5 00

Stocks and bonds...................................................................... ............
Cash on hand and in hank................................................................
Interest, premium, fees and fines due and unpaid.................. ..

25,678 75
1,774 09
328 6®
$98,846 52

LIABILITIES.

Due shareholders, instalment shares...............................................
Dividends credited ..............................................................................
Earnings undivided .............. ............................................... ..............
Contingent fund (as per section 225 of Banking L a w )..............
Unearned or rebatable premium......................................................

$81,703
11,374
4,539
709
519

50
71
25
77
29

$98,846 52

RECEIPTS.

Cash on hand January 1,1912........................................................
Dues on instalment sharescredited to members.............................
Money borrowed ..................................................................................
Loans on shares repaid........................................................................
Fees received .........................................................................................
Fines received ...................................................................
Interest r eceiv ed ...................................................................................
Premium rece iv e d .................................................................................




$100
16,511
L 000
3,310
28
35
4,846
3

72
50
00
00
00
32
75
40

$25,840 69

K in g s C o u n t y .

167

DISBURSEMENTS.

Loaned on mortgage............................................................................
Loaned on shares..................................................................................
Instalment dues repaid on withdrawal, or applied on lo a n s ...
Dividends paid on withdrawal, or applied on loans..................
Paid borrowed money and prior mortgages...................................
Paid interest on borrowed money and prior mortgages..........
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage................
Paid rent ...............................................................................................
Paid banking department, assessment...........................................
Officers’ bonds ..................................................................................
State League dues..............................................................................
Com m issions..........................................................................................
Bonds pu rch ased..................................................................................
Appraisal fees ......................................................................................
Cash on hand December 31, 19'12...................................................

$5,000
3,900
3, 669
216
1,200
72
290
33
80
6
72
5
17
9, 495
10
1,774

00
00
00
56
00
20
50
12
00
22
00
00
00
00
00
09

$25, 840 69

Plan, serial. Par value of shares, $200 and $250. Instalments are 50 cents
semi-monthly.
Shares in force January 1, 1912, 1,347; shares issued during the year, 86;
shares withdrawn during the year, 120; shares in force, 1,313. Borrowing
members, 37, holding 357 shares; non-borrowing members, 180, holding 956
shares. Female shareholders, 85, holding 481 shares. Total dividends credited
members during the year on instalment shares, $3,613.98; rate, 5 per cent.
Total dividends forfeited by withdrawing members during the year, $54.14.
No unpaid withdrawals. Entrance or membership fee, 25 cents per share.
Operating expenses, as defined in section 227 of the Banking Law, incurred
and paid during the year, $507.62. Unpaid, none.
Premium plan, instalment. Interest paid by borrowing members, 6 per
cent. Premium paid by borrowing members, 10 cents semi-monthly per $1,000.
Loans have been made in Kings and New York counties, New York State,
and in New Jersey. Largest mortgage loan outstanding, $11,000. Mortgages
in force in New York State, $58,750. No foreclosures during the year.

POLISH-AMERICAN CO-OPERATIVE SAVINGS AND LOAN
ASSOCIATION.
No. 660 Third avenue, Brooklyn, N. Y.
[Organized under Law of 1894.
Officers.
President....................
Secretary ..................
Treasurer .................
Attorney ...................

Commenced business 1900.]

Names.
Post-office addresses.
FRANK KUBINSKI ......................
499
Atlantic Avenue.
FRANK A. JUREK........................
236
57th Street.
JOHN P A S Z E K ............................... 298 'Seventh Avenue.
CLEMENT F. ROZANSKI.........
17 State St., N. Y. City.
ASSETS.

Loans on bond and mortgage............................................................
Loans on shares....................................................................................
Real e s t a t e ............................................................................................
Cash on hand and in bank................................................................
Furniture and fixtures........................................................................




$98,150
2, 340
9, 848'
6, 352
214

00
70
10
62
90

168

R eport on S ay in g s a n d L oan A ssociations .

Advances for taxes, insurance, etc....................................................
Books and by-laws.................................................................................
Deposit for electricity..........................................................................
...................................................... •
A pp ra isers.......................................•

$452
76
5
6

52
50
00
00

$117,446 34
LIABILITIES.

Due shareholders, instalment shares...............................................
Due shareholders, accumulative prepaid snares.........................
Dividends credited ..............................................................................
Due shareholders, matured sh ares...................................................
Balance to be paid borrowers on mortgage loans.......................
Earnings undivided ............................................................................
Contingent fund (as per section 225 of Banking L a w )..............
Mortgage on real estate......................................................................

$53,316
36, 853
9,837
1,449
9,700
219
1,070
5,000

67
30
11
18
00
19
89
00

$117,446 34
RECEIPTS.

Cash on hand January 1,' 1912..........................................................
Dues on instalment shares credited to members............................
Dues on accumulative prepaid shares................
Mortgages redeemed, foreclosed, or transferred to real estate..
Loans on shares repaid......................................................................
Fees r e ce iv e d .........................................................................................
Fines receiv ed .........................................................................................
Interest received ..................................................................................
Rent receiv ed .........................................................................................
Advances repaid ...................................................................................
P ass-books..............................................................................................
Appraisers .............................................................................................

$1, 635
16,327
22,300
8,300
4,373
42
35
5, 913
920
714
9
24

98
06
37
00
48
75
62
36
50
19
45
00

$60,596 76
DISBURSEMENTS.

•Loaned on mortgage............................................................................
Loaned on shares..................................................................................
Instalment dues repaid on withdrawal, or applied on lo a n s .. .
Paid accumulative prepaid shares....................................................
Dividends paid on withdrawal, or applied on loans..................
Paid matured shares............................................................................
Paid borrowed money and prior mortgages...................................
Paid interest on borrowed money and prior mortgages............
Paid salaries and clerk h ire..............................................................
Paid advertising, printing and postage...........................................
Paid rent ...............................................................................................
Paid repairs to real estate................................................................
Paid taxes, insurance, e tc ..................................................................
Paid banking department, examination.........................................
Paid banking department, assessment.............................................
Officers’ bonds .......................................................................................
Advances for taxes, insurance, e tc....................................................
State League dues.................................................................................
Interest on mortgage............................................................................
Light and heat.......................................................................................
Furniture and fixtures........................................................................
Legal services .......................................................................................




$1,700
1,645
17, 962
10,947
1,995
3,772
12, 200
578
900
91
119
226
372
16
8
35
872
5
412
13
169
57

00
00
91
07
04
39
00
27
80
18
00
03
78
25
65
00
65
00
50
84
90
35

K in g s C o u n t y .
Appraisers ............................................................................................
Sign .........................................................................................................
Deposit for electricity..........................................................................
B y -la w s ..................................................................................................
Sundries ................................................................................................
Cash on hand December 31, 1912.....................................................

169
$24
12
5
50
51
6, 352

00
00
00
00
53
62

$60,596 76
Plan, permanent. Par value of shares, $200. Instalments are 12% cents
and 25 cents weekly.
Shares in force January 1, 1912, 2,095% ; shares issued during the year,
535; shares withdrawn during the year, 545; shares in force, 2,085%. Bor­
rowing members, 47, holding 534% shares; non-borrowing members, 261, hold­
ing 1,551% shares. Female shareholders, 72, holding 301% shares. Total
dividends credited members during the year on instalment shares, $2,624.93;
rate, 5% per cent. Total dividends credited or paid in cash to members dur­
ing the year on other shares, $1,306.63; rate, 4 3/25 per cent. Total dividends
forfeited by withdrawing members during the year, $251.31.
No unpaid withdrawals. Amount of shares matured during the year,
$5,221.57. Entrance or membership fee, 15 cents per share. Operating ex­
penses, as defined in section 227 of the Banking Law, incurred and paid
during the year, $1,228.35. Unpaid, none.
No premium plan. Interest paid by borrowing members, 6 per cent. No
premium charged.
Loans have been made in Kings and Queens counties, New York State.
Largest mortgage loan outstanding, $8,000. Mortgages in force in New York
State, $98,150. No foreclosures during the year.

PROSPECT HOME BUILDING AND LOAN ASSOCIATION.
No. 336 Ninth street, between Fifth and Sixth avenues, Brooklyn, N. Y.
[Organized
Officers.
President
Secretary
Treasurer
Attorney

under Law of 1851. Commenced business 1890.]
Names.
Post-office addresses.
MELVIN W. MOREHOUSE..
706 Cortelyou Road.
GEORGE W. BALL W AY.........
1513 Eighth Avenue.
WILLIAM M. TOMLINS___
524 Seventh Street.
TITLE GUAR. & TRUST CO.
175 Remsen Street.
ASSETS.

Loans on bond and mortgage............................................................
Loans on shares....................................................................................
Beal e s t a t e ................................................... .........................................
Cash on hand and in bank................................................................
Furniture and fixtures........................................................................
Interest, premium, fees and fines due and unpaid.......................

$84, 650
1,670
4, 860
6, 303'
100
826

00
00
00
07
00
44

$98, 409 51
LIABILITIES.

Due shareholders, instalment shares...............................................
Dividends credited ..............................................................................
Due shareholders, income shares.....................................................
Earnings undivided ............................................................................
Contingent fund (as per section 225 of Banking L a w )............
Suspense a cco u n t..................................................................................
Salaries d u e ..........................................................................................




$68,382 70
15, 182 44
10,550 00
2, 579 97
1,656 31
1000
48 09
$98, 409 51

170

R eport on S a v in g s a n d L o an A ssociations .
RECEIPTS.

Cash on hand January 1, 1912..........................................................
Dues on instalment shares credited to members.........................
Dues on income shares......................................... i ............................
Money borrowed ..................................................................................
Mortgages redeemed, foreclosed ortransferred to real estate..
Loans on shares repaid........................................................................
Fees r e ce iv e d ........................................................................................
Fines received .....................' ................................................................
Interest r eceiv ed ....................., ...........................................................
Premium received ..............
Advances repaid ...................................................................................
D eposits...................................................................................................

$6, 005
17,728
5, 750
715
8,300
1, 701
170
8
4, 357
1,293
145
54

09
23
00
00
00
00
91
98
52
45
7
31

$46,230 26
DISBURSEMENTS.

Loaned on mortgage............................................................................
Loaned on shares........ ..........................................................................
Instalment dues repaid on withdrawal, or applied on loans. ..
Paid savings shares..............................................................................
Paid income shares.....................................................................
Dividends paid on withdrawal, or applied on loans...................
Cash dividends paid on income and accumulative prepaid
shares .................................................................................................
Paid borrowed money and prior mortgages...................................
Paid interest on borrowed money and prior mortgages..............
Paid , for real estate.............................................................................
Paid salaries and clerk h ire.................................................
Paid advertising, printing and postage...........................................
Paid rent ...........................................................
Paid taxes, insurance, etc..................................
Paid banking department, examination.........................................
Paid banking department, assessm ent...........................................
Cash on hand December 31, 1912......................................................

$8', 500
1,501
11, 347
250
8,350
2,811

00
00
30
00
00
15

502
715
2
4,860
630
125
150
159
15
7
6,303

17
00
98
00
00
57
00
96
00
06
07

$46,230 26
Plan, permanent. Par value o f shares, $100. Instalments are 10 eents
weekly.
Shares in force January 1, 1912', 3,517; shares issued during the year, 710;
shares withdrawn during the year, 475; shares in force, 3,751%. Borrowing
members, 33, holding 850 shares; non-borrowing members, 182, holding 2,901%
shares.
Female shareholders, 79, holding 1,115 shares.
Total dividends
credited members during the year on instalment shares, $4,523.41; rate, 6 per
cent, and 6% per cent. Total dividends credited or paid in cash to members
during the year on other shares, $508.42; rate, 4% per cent, and 5 per cent.
Total dividends forfeited by withdrawing members during the year, $170.91.
No unpaid withdrawals.
Amount of shares matured during the year,
$5,750. Operating expenses, as defined in section 227 of the Banking Law,
incurred and paid during the year, $905.57. Operating expenses, as defined
in section 227 of the Banking Law, incurred during the year and remaining
unpaid, $48.09.
Premium plan, instalment. Interest paid by borrowing members, 5 per
cent. Premium paid by borrowing members, 14 cents per share per month.
Loans have been made in Kings county, New York State. Largest mort­
gage loan outstanding, $8,500. Mortgages in force in New York State, $84,650.
No foreclosures during the year.




K in g s C o u n t y .

171

SOUTH BROOKLYN SAVINGS AND LOAN ASSOCIATION.
No, 565 Fifth avenue, Brooklyn, N. Y.
[Organized under Law of 1851.
Officers.
President....................
Secretary ..................
Treasurer .................
Attorney ...................

Commenced business 1886.]

Names.
DAVID B. HUTTON........................
JAMES H. .STRAIN..........................
EDWARD BIRKLE ........................
WILLIAM J. BOLGER....................

Post-office addresses.
227 Brooklyn Avenue.
565 Fifth Avenue.
1521 Beverly Road.
149 Broadway, N. Y.

ASSETS.

Loans on bond and mortgage..........................................................
Contracts for the sale of real estate...............................................
Real estate ..........................................................................................
Cash on hand and in bank................................................................
Furniture and fixtures........................................................................
Special deposit ....................................................................................
Due from savings and loanassociations................................. ..

$970,130'00
2,400 00
25,592: 32
57,451 54
2,226 50
5,000 00
2,000 00
$1,064,800 36

LIABILITIES.

Due shareholders, instalment shares...............................................
Balance to be paid borrowers on mortgage loans......................
Prior mortgages .........................................................................
Earnings undivided ............................................................................
Contingent fund (as per section 225 of Banking L a w )...........
Suspense account ................................................................................

$954,555
1,700
12,250
22,984
72,597
713

01
00
00
12
95
28

$1,064,800 36
RECEIPTS.

Cash on hand January 1,1912...........................................................
Dues on instalment sharescredited to members.............................
Prior mortgages ..................................................................................
Mortgages redeemed,foreclosed or transferred to real estate..
Interest received ................................................................................
Premium received ..............................................................................
Rent received ......................................................................................
Appraisal fees ......................................................................................
Property contracts
.........................................
Fire loss ............ ...................................................................................
Real estate ...........................................................................................
Suspense account ...................................................................
Interest accrued ..................................................................................
Reserve fund ........................................................................................

$44,915
366,272
4,500
163,445
55, 630
2,670
885
235
200
1,800
628
501
33
1

43
44
00
00
61
44
00
00
00
00
45
56
96
00

$641,718 89
DISBURSEMENTS.

Loaned on mortgage............................................................................
Instalment dues repaid on withdrawal, or applied on loans..
Paid borrowed money and prior mortgages................................
Paid interest on borrowed money andprior mortgages................
Paid for real estate.......... .................................................................
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage.......................................
Paid repairs to real estate................................................................
Paid taxes, insurance, etc..................................................................
Paid banking department, examination .....................................
Paid banking department, assessment
.....................................




$171,450 00
369, 322 19
23,350 00
1,341 11
4,128 45
7,073 00
1,303 59
230 00
464 20
5.4 00
78 87

172

R eport on S a v in g s a n d L o an A ssociations .

Officers’ bonds .......................................................................................
Metropolitan and State Leaguedues................................................
Telephone, light and heat..................................................................
Attorney fees .......................................................................................
Tellers’ fees ...........................................................................................
J a n it o r ....................................................................................................
Loaned to savings and loanassociations.........................................
Fire loss .................................................................................................
Contingent fund ...................................................................................
Suspense account .................................................................................
Cash on hand December 31, 1912....................................................

$80
94
357
100
15
360
2,000
1,800
628
36
57,451

00
00
56
00
00
00
00
00
45
93
54

$641,718 89
Plan, permanent. Par value of shares, $100 and 250. Instalments are
50 cents monthly.
Shares in force January 1, 1912, 25,980 3/10; shares issued during the year,
4,890; shares withdrawn during the year, 5,908; shares in force, 24,962 3/10.
Borrowing members, 372, holding 9,434 3/10 shares; non-borrowing members,
2,065, holding 15,528 shares. Female shareholders, 1,031, holding 9,149 3/10
shares. Total dividends credited members during the year on instalment
shares, $40,137.90; rate, 5 per cent.
N o unpaid withdrawals. Operating expenses, as defined in section 227 of
the Banking Law, incurred and paid during the year, $9,283.15. Unpaid,
none.
No premium plan. Interest paid by borrowing members, 5% per cent, and
6 per cent. No premium charged.
Loans have been made in Kings and Queens counties, New York State, and
in New Jersey. Largest mortgage loan outstanding, $10,000. Mortgages in
force in New York State, $966,630. Two foreclosures during the year.

TWENTY-NINTH WARD CO-OPERATIVE SAVINGS AND LOAN
ASSOCIATION.
No. 142 E. Fourth street, Brooklyn, N. Y.
[Organized under Law o f 1894.
Officers.
President....................
Secretary ..................
Treasurer ...................
Attorney ...................

Commenced business 1895.]

Names.
HENRY D O N N E L L Y ........................
ROLLA O. SMITH.............................
HENRY BOESELAGER.....................
HENRY E. HEISTAD......................

Post-office addresses.
113 East 4th Street.
295 Sherman Street.
2 East 7th Street.
190 Montague Street.

ASSETS.

Loans on bond and mortgage............................................................
Cash on hand and in bank................................................................
Furniture and fixtures........................................................................
Interest, premium, fees and fines due and unpaid.......................

$16,000
372
50
7

00
35
00
45

$16,429 80
LIABILITIES.

Due shareholders, instalmentshares.................................................
Borrowed money .................................................................................
Earnings undivided .............................................................................
Contingent fund (as per section 225 of Banking L a w )..............
C om m issions..........................................................................................




$13,844
1, 500
898
180
6

67
00
63
00
50

$16,429 80

K in g s C o u n t y .

173

RECEIPTS.

Cash on hand January 1, 1912.........................................................
Dues on instalment shares credited to members.........................
Money borrowed ................................................................................
Mortgages redeemed, foreclosed ortransferred to real estate..
Fees received ......................................................................................
Interest received ................................................................................
Premium received ..............................................................................

$1,641
6,460
1,500
500
26
672
145

12
35
00
00
00
01
15

$10,944 63
DISBURSEMENTS.

Loaned on mortgage ..........................................................................
Instalment dues repaid on withdrawal, or appliedon lo a n s ...
Dividends paid on withdrawal, or applied
onloans.................
Paid interest on borrowed money and prior mortgages..............
Paid salaries and clerk-hire ............................................................
Paid advertising, printing and postage.........................................
Paid r e n t ................................................................................................
Paid banking department, exam ination ........................................
Paid banking department, assessm ent..........................................
Com m issions..........................................................................................
Notary fees ..............
Cash on hand December 31, 1912............

$5,500
4,361
486
22
62
31
60
26

00
43
70
50
00
95
00
91
98
12 00
7 81
372 35

$10,944 63
Plan, permanent. Par value of shares, $250. Instalments are 25 cents
weekly.
Shares in force January 1, 1912, 333; shares issued during the year, 100;
shares withdrawn during the year, 72; shares in force, 361. Borrowing
members, 10, holding 65 shares; non-borrowing members, 93, holding 296
shares. Female shareholders, 31, holding 86 shares. Total dividends credited
members during the year on instalment shares, $486.70; rate, 5 per cent.
No unpaid withdrawals. Entrance or membership fee, $1 per member.
Operating expenses, as defined in. section 227 of the Banking Law, incurred
and paid during the year, $173.76. Operating expenses, as defined in section
227 of the Banking Law, incurred during the year and remaining unpaid,
$6.50.
Premium plan, premium-interest.
Interest paid by borrowing members,
5
per cent. Premium paid by borrowing members, 5 cents per share per
week.
Loans have been made in Kings county; New York State. Largest mort­
gage loan outstanding, $3,500. Mortgages in force in New York State,
$16,000. No foreclosures during the year.

y
5

UNION CO-OPERATIVE BUILDING AND LOAN ASSOCIATION.
No. 1424 Fulton street, Brooklyn, N. Y.
[^Organized under Law of 1851.
Officers.
P resid en t.................
Secretary ..................
Treasurer .................
Attorney ...................




Commenced business 1890.

Laws of 1894.]
Names.
DANIEL S. BRUSH...............
HENRY POWLES, JR...........
GEORGE DOWNING .............
GILBERT P. BRUSH.............

Re-incorporated under

Post-office addresses.
388 Lexington Avenue.
1077 East 40th Street.'
1049 East 17th Street.
60 Wall Street, New York.

174

R eport on S a y in g s a n d L oan A ssociations .
ASSETS'.

Loans on bond and mortgage ........................................................
Loans on shares . . .............................................................. ..............
Real estate ...........................................................................................
Cash on hand and in bank...........................................
Furniture and fixtures ......................................................................
Advances for taxes, insurance, etc.................................................
P ass-books..............................................................................................

$25,500
3 , 570
3,311
7,235
125
33
22

00
00
47
54
00
98
00

$39,797 99
LIABILITIES.

Due shareholders, instalment shares.............................................
Dividends credited ............................... ...............................................
Earnings undivided ............................................................................
Contingent fund (as per section 225 of Banking L a w )............

$31,220
6, 365
51
2,160

75
98
26
00

$39,797 99
RECEIPTS.

Cash on hand January 1, 1912..........................................................
Dues on instalment shares credited to members...........................
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares repaid ..................................
Interest r eceiv ed ...................................................................................
Premium re ce iv e d ................................................................................
Rent rece iv e d .........................................................................................
Advances r e p a id .......... .......................................................................
Reverted d iv id en d s...............................................................................

$2,306
6,578
14, 530
395
l ; 971
72
105
193
294

59
55
00
00
55
94
00
33
39

$26,447 35
DISBURSEMENTS.

Loaned on m o rtg a g e ...........................................................................
Loaned on sh a res.................................................................................
Instalment dues repaid on withdrawal, or applied on loans. . .
Paid income shares ............................................................................
Dividends paid on withdrawal, or applied on loans...................
Cash dividends paid on income and accumulative prepaid
shares . . ..,.......................................................................................
Paid matured s h a r e s ..........................................................................
Paid borrowed money and prior mortgages.................................
Paid interest on borrowed money and prior mortgages............
Paid salaries and clerk-hire ............................................................
Paid advertising, printing and postage.........................................
Paid r e n t ................................................................................................
Paid taxes, insurance, e tc ................................................................
Paid banking department, exam ination..............................
Paid banking department, assessm ent..........................................
Officers’ b o n d s ......................................................................................
Advances for taxes, insurance, e tc.................................................
Lettering window ...............................................................................
Legal expenses .....................................................................................
Interest and premium overpaid ......................................................
Cash on hand December 31, 1912...................................................




$5,400
1,965
5,297
2,000
955

00
00
40
00
08

50 00
1,
00
1,000 00
19 03
550 00
16 90
180 00
105 00
12 00
319
20 00
181 79
6 40
44 25
5 77
7,235 54

4Q
0,

$26,447 35

M a d is o n C o u n t y .

175

Plan, serial. Par value of shares, $200. Instalments are 25 cents weekly.
Shares in force January 1, 1912, 57 5% ; shares issued during the year, 70;
shares withdrawn during the year, 126; shares in force, 519%. Borrowing
members, 18, holding 208% shares; non-borrowing members, 53, holding 311
shares. No record of female shareholders. Total dividends credited mem­
bers during the year on instalment shares, $1,394.91; rate, 4 per cent. Total
dividends credited or paid in cash to members during the year on other
shares, $50; rate, 5 per cent. Total dividends forfeited by withdrawing
members during the year, $294.39.
No unpaid withdrawals. Amount of shares matured during the year,
$1,400. Operating expenses, as defined in section 227 of the Banking Law,
incurred and paid during the year, $811.15. Unpaid, none.
Premium plan, instalment. Interest paid by borrowing members, 5% per
cent. Premium paid by borrowing members, 1 cent per share per week.
Loans have been made in Kings, Queens and Suffolk counties, New York
State. Largest mortgage loan outstanding, $4,000. Mortgages in force in New
York State, $25,500. No foreclosures during the year.

MADISON COUNTY.
CANASTOTA SAVINGS AND LOAN ASSOCIATION.
No. 1 Tabor Block, South Peterboro street, Canastota, N. Y.
[Organized under Daw of 1851.
Officers.
President....................
Secretary ..................
Treasurer .................
Attorney ...................

Commenced business 1889.]

Names.
Post-office addresses.
P. F. MILMOE................................................ Canastota, N. Y.
E. B. ROBERTS.............................................. Canastota, N. Y.
HOWARD D. BEMISS................................
Canastota, N. Y.
D. F. WALLACE............................................. Canastota, N. Y.
ASSETS

Loans on bond and m o r tg a g e .....................
Loans on s h a r e s .............................................
Cash on hand and in bank.......................
Furniture and fixtures ...............................

$70,100
2,181
1,222
215

00
00
30
00

$73,718 30
LIABILITIES.

Due shareholders, instalment shares...............................................
Dividends credited ......................................................'......................
Due shareholders, matured shares .................................................
Earnings undivided ............................................................................
Contingent fund (as per section 225 of Banking L a w )............
Unearned or rebatable premium ....................................................

$61,047
6,121
4,123
913
1,097
415

60
65
07
06
47
45

$73,718 30
RECEIPTS.

Cash on hand January 1, 1912....................................
Dues on instalment shares credited to members.........................
Money borrowed ..................................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares r e p a id ......................................................................
Fees re ceiv ed ........................................................................................
Fines received ......................................................................................




$406
27,937
4,000
13,500
1,713
218
162

28
93
00.
00
00
25
40

176

R eport on S a v in g s a n d L oan A ssociations .

Interest receiv ed ...................................................................................
Premium received ...............................................................................
School bonds .........................................................................................

$4, 319 01
174 70
500 00
$52,931 57

DISBURSEMENTS.

Loaned on m ortg a g e...........................................................................
Loaned on sh ares.................................................................................
Instalment dues repaid on withdrawal, or applied on lo a n s ...
Dividends paid on withdrawal, or applied on loans...................
Paid matured shares ..........................................................................
Paid borrowed money and prior mortgages.................................
Paid interest on borrowed money and prior mortgages............
Paid salaries and clerk-hire ............................................................
Paid advertising, printing and postage.........................................
Paid taxes, insurance, e tc ................................................................
Paid banking department, exam in ation ........................................
Paid banking department, assessm ent..........................................
B o o k s .......................................................................................................
Cash on hand December 31, 1912......................................................

$16,100 00
1,370 00
7,140 69
57027
19, 364 27
6,500 00
165 00
350 00
22 75
74 50
26 40
5 39
20 00
1,222 30
$52,931 57

Plan, permanent. Par value of shares, $100. instalments are 25 cents
weekly.
Shares in force January 1, 1912, 1,912; shares issued during the year, 871;
shares withdrawn during the year, 520; shares in force, 2,263. Borrowing
members, 97, holding 839 shares; non-borrowing members, 204, holding 1,424
shares. Female shareholders, 143, holding 875 shares. Total dividends cred­
ited members during the year on instalment shares, $3,453.65; rate, 5^4 per
cent. Total dividends forfeited by withdrawing members during the year,
$151.36.
No unpaid withdrawals. Amount of shares matured during the year,
$21,504.68. Entrance or membership fee, 25 cents per share. Operating
expenses, as defined in section 227 of the Banking Law, incurred and paid
during the year, $392.75. Unpaid, none.
Premium plan, gross. Interest paid by borrowing members, 11 cents per
share per week. Premium paid by borrowing members, 1 per cent.
Loans have been made in Madison county, New York State. Largest mort­
gage loan outstanding, $6,000. Mortgages in force in New Y ork State,
$70,100. No foreclosures during the year.

ONEIDA SAVING, BUILDING AND LOAN ASSOCIATION.
No. 53 Main street, Oneida, N. Y.
tOrganized under Law of 1851.

Commenced business 1887.]

Officers.
Names.
Post-office addresses.
President......................
J.
A. FERGUSON........................................ Oneida, N. Y.
Secretary ..................... F. H. MUNZ........................................................ Oneida* N. Y.
Treasurer..........................F. E. WEBSTER............................................
Oneida, N. Y.
Attorney ...................
JOSEPH B E A L ................. •
............................... Oneida, N. Y.
ASSETS.

Loans on bond and mortgage ..........................................................
Loans on sh a re s...................................................................................
Cash on hand and in bank . 4 ............................................................
Furniture and fixtures ......................................................................




$110,455
6, 675
795
219

00
00
89
38

$118,145 27

M a d is o n C o u n t y .

177

L IA B IL IT IE S .

Due shareholders, instalments h a r e s ...............................................
Dividends credited ..............................................................................
Borrowed m o n e y ..................................................................................
Earnings undivided ............................................................................
Contingent fund (as per section225 of Banking L a w )................

$89,385
10,353
16,500
350
1,556

00
63
00
43
21

$118,145 27
RECEIPTS.

Cash on hand January 1, 1912..........................................................
Dues on instalment shares credited to members.........................
Money b o rro w e d ..................................... ..........................................
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares repaid ....................................................................
Fines received ......................................................................................
Interest received ..................................................................................
Reverted dividends .............................................................'..............

$193
53,753
26,200
19,045
2, 360
3
6,876
675

10
46
00
00
00
66
85
66

$109,107 73
DISBURSEMENTS.

Loaned on m ortg a g e...........................................................................
Loaned on shares ................................................................................
Instalment dues repaid on withdrawal, or applied on lo a n s ...
Dividends paid on withdrawal, or applied on loans.....................
Paid matured shares ............
Paid borrowed money and prior mortgages.................................
Paid interest on borrowed money and prior mortgages..........
Paid salaries and clerk-hire ............................................................
Paid advertising, printing and postage ................
Paid r e n t ...............................................................................................
Paid taxes, insurance, etc..................................................................
Paid banking department, exam ination.........................................
Paid banking department, assessm ent..........................................
Officers’ bonds ......................................................................................
State League dues ..............................................................................
L ig h t s .....................................................................................................
Cash on hand December 31, 1912 ......................................................

$22,100 00
2,500 00
46,661 00
2,890 54
12,569 07
19,850 00
862 62
687 50
49 00
72 00
5 4.9
30 75
8 67
10 00
5 00
10 20
795 89
$109,107 73

Plan, permanent. Par value of shares, $100. Instalments are 25 cents
weekly.
Shares in force January 1, 1912, 4,257; shares issued during the year,
827; shares withdrawn during the year, 1,227; shares in force, 3,857. Bor­
rowing members, 113, holding 1,268 shares; non-borrowing members, 330,
holding 2,589 shares. Female shareholders, 144, holding 888 shares. Total
dividends credited members during the year on instalment shares, $5,183.54;
rate, 6 per cent. Total dividends forfeited by withdrawing members during
the year, $675.66.
No unpaid withdrawals. Amount of shares matured during the year,
$12,569.07. Operating" expenses, as defined in section 227 of the Banking
Law, incurred and paid during the year, $833.70. Unpaid, none.
Premium plan, premium-interest. Interest paid by borrowing members,
5 72/100 per cent. No premium charged.
Loans have been made in Madison and Oneida counties, New York State.
Largest mortgage loan outstanding, $8,090. Mortgages in force in New
York State, $110,455. No foreclosures during the year.




178

R eport on S a v in g s a n d L oan A ssociations .

MONROE COUNTY.
CITIZENS’ PERMANENT SAVINGS AND LOAN ASSOCIATION.
No. 954 Clifford avenue, Rochester, N. Y.
[Organized under Law of 1851.
Officers.
P re sid e n t....................
Secretary ..................
Treasurer .................
Attorney ...................

Commenced business 1886.]

Names.
JOSEPH WEIER ....................................
GEORGE S T U R M E R ..............................
FRANK X. FOERY.................................
GEORGE W. THOMAS............................

Post-office addresses
952 North Street.
954 Clifford Avenue.
1040 Portland Ave.
Powers Building.

ASSETS.

Loans on bond and mortgage..............................................................
Real e s t a t e ............................................. r .............................................
Cash on hand and in bank..................................................................
Furniture and fixtures........................................................................

$7,200
3, 363
312
40

00
10
64
00

$10,915 74
LIABILITIES.

Due shareholders, instalment shares................................................
Dividends credited ........................................................................ ; ..
Earnings undivided ............................................................................

$6, 799 25
3, 310 39
806 10
$10,915 74

RECEIPTS.

Cash on hand January 1, 1912..........................................................
Rent re ce iv e d .........................................................................................

$292 96
109 00
$401 96

DISBURSEMENTS.

Paid banking department, assessment.............................................
Advances for taxes, insurance, e tc....................................................
Cash on hand, December 31, 1912.....................................................

$0 85
88 47
. 312 64
$401 96

Plan, permanent. Par value of shares, $100. Instalments are 10 cents
weekly.
Shares in force January 1, 1912, 229; shares issued during the year, none;
shares withdrawn during the year, none; shares in force, 229. Borrowing
members, 1, holding 72 shares; non-borrowing members, 27, holding 157 shares.
Female shareholders, 11, holding 92 shares.
Amount of filed and unpaid withdrawals December 31, 1912, $9,335.
Entrance or membership fee, 10 cents per share. Operating expenses, as
defined in section 227 of the Banking Law, incurred and paid during the
year, none. Unpaid, none.
Premium plan, gross. Interest paid by borrowing members, 5
per cent.
Premium paid by borrowing members, $10 per share.
Loans have been made in Monroe county, New York State. Largest mort­
gage loan outstanding, $7,200. Mortgages in force in New York State, $7,200.
No foreclosures during the year.




Y
s

M o n ro e C o u n t y .

179

COLUMBIA BANKING, SAYING AND LOAN ASSOCIATION.
No. 337' Gregory street, Rochester, N. Y.
[Organized under Law of 1851.
Officers.
P re sid e n t.................
Secretary ..................
Treasurer .................
Attorneys...................

Commenced business 1884.]

Names.
EDWARD WALLIS ...........
H. P. REIBLING.................
LAWRENCE OBERLIES..
MORRIS and MORRIS.........

Post-office addresses.
80 Alexander Street.
306 Granite Building.
704 Clinton Avenue, South.
301-302 Ellwanger & Barry Bl.

ASSETS

Loans on bond and mortgage.......................
Contracts for the sale of real estate........
Real estate ........................................................
Cash on hand and in bank...........................

$950,296
1,300
2,988
7,310

26
00
85
42

$961,895 53
LIABILITIES.

Due shareholders, instalment shares...............................................
Due shareholders, income shares......................................................
Dividends credited ..............................................................................
Balance to be paid borrowers on mortgage loans.........................
Earnings undivided ............................................................................
Contingent fund (as per section 225 of Banking L a w )............
Unearned or rebatable premium......................................................
Straight mortgages ............................................................................
Real estate contracts ..................................................... ■
.....................

$545,252
203, 825
83,517
12,200
36, 289
45,000
31,132
2, 896
1, 782

02
00
49
00
47
00
88
26
41

$961,895 53
RECEIPTS.

Cash on hand January 1,1912............................................................
Dues on instalment sharescredited to members.............................
Dues on income shares........................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Real estate sold ..................................................................................
Fees received ........................................................................................
Fines received ......................................................................................
Interest received ..................................................................................
Premium r eceiv ed ...................................................
Rent receiv ed .........................................................................................
Straight mortgages ............................................................................
Real estate contracts ........................................................................
Suspense account ...........................................

$20,714
264,449
75, 350
86,050
1, 952
270
148
43. I l l
24.620
159
2, 790
1, 957
46

78
81
00
00
08
20
94
65
00
00
00
08
64

$521,620 18
DISBURSEMENTS.

Loaned on mortgage...................................................................... ..
Instalment dues repaid on withdrawal, or applied on loans..
Paid income shares ............................................................................
Dividends paid on withdrawal, or applied on loans...................
Cash dividends paid on income and accumulative prepaid
sh a res..................................................................................................
Paid matured shares ..........................................................................
Paid borrowed money and prior mortgages................................
Paid interest on borrowed money and prior mortgages.........
Paid salaries and clerk-hire ............................................................
Paid advertising, printing and postage........................................
Paid rent ...............................................................................................




$246,200
125,716
29, 600
5, 802

00
78
00
60

9, 374
85,310
1,600
24
2, 127
73
120

62
21
00
80
50
00
00

180

R eport on S a v in g s a n d L oan A ssociations .

Paid repairs to real estate................................................................
Paid taxes, insurance, e tc..................................................................
Paid banking department, examination .......................................
Paid banking department, assessment ...........................................
Officers’ bonds .......................................................................................
A ccou n tants............................................................................................
Straight mortgages ............................................................................
Premium refunded ...............................................................................
Real estate contracts.............................................................................
Cash on hand December 31, 1912......................................................

$36
222
64
61
36
50
4, 850
1, 087
1,952
7,310

56
37
,36
09
00
00
00
79
08
42

$521,620 18
Plan, permanent. Par value of shares, $100. Instalments are 25 cents
weekly.
Shares in force January 1, 1912, 20,550*4; shares issued during the year,
7,049; shares withdrawn during the year, 3,933; shares in force, 23,666*4.
Borrowing members, 431, holding 9,345 shares; non-borrowing members,
1,228, holding 14,32114 shares. Female shareholders, 744, holding 7,205 shares.
Total dividends credited members during the year on instalment shares,
$36,015.37; rate, 8 per cent. Total dividends credited or paid in cash to mem­
bers during the year on other shares, $9,374.62; rate, 5 per cent.
No unpaid withdrawals. Amount of shares matured during the year,
$85,310.21. Entrance or membership fee, 50 cents per member. Operating
expenses, as defined in section 227 of the Banking Law, incurred and paid
during the year, $2,406.50. Unpaid, none.
Premium plan, gross. Interest paid by borrowing members, 5
per cent,
and 6 per cent. Premium paid by borrowing members, $10 per share.
Loans have been made in Monroe county, New York State. Largest mortgage
loan outstanding, $10,600. Mortgages in force in New York State, $950,296.26.
No foreclosures during the year.

y
s

CONSOLIDATED SAVING AND LOAN ASSOCIATION.
No. 238 North street, Rochester, N. Y.
[Organized under Law of 1851.
Officers.
P re sid e n t.................
Secretary ..................
Treasurer .................
Attorney ...................

Commenced business 1889.]

Names.
LOUIS C. LANGIE.................
WILLIAM G. WOODWORTH.
CHARLES C. ZOLLER...........
EMIL L U D E K E N S.................

Post-office addresses
238 North Street.
Rochester.
238 North Street.
825 Chamber of Com. Bldg.

ASSETS.

Loans on bond and mortgage..............................................................
Cash on hand and in bank................................................................
Furniture and fixtures........................................................................

$111, 675 00
7.019 08
150 00
$118.844 08

LIABILITIES.

Due shareholders, instalment shares..............................................
Dividends credited ...............................................................................
Earnings undivided ............................................................................
Contingent irnd (as per section 225 of Banking L a w )............




$86,269
18, 597
9, 213
4, 763

83
70
13
42

$118, 844 08

M o n ro e C o u n t y .

181

RECEIPTS.

Cash on hand January 1, 1912........................................................
Dues on instalment shares credited to members...........................
Mortgages redeemed, foreclosed or transferred to real estate..
Fees received ........................................................................................
Fines received ......................................................................................
Interest receiv ed .......................................................................... ..
Premium receiv ed ................................................................................

$7,036 05
20, 375 52
32,325 00
7 25
9 06
6, 339 37
1,584 84
$67,677 09

DISBURSEMENTS.

v

Loaned on mortgage............................................................................
Instalment dues repaid on withdrawal, or applied on loans. . . .
Dividends paid on withdrawal, or applied on loans...................
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage.........................................
Paid rent ...............................................................................................
Paid banking department, assessment.............................................
State League dues and expenses........................................................
A u d ito rs.................................................................................................
Appraisal f e e s ......................................................................................
Lettering windows ..............................................................................
Cash on hand December 31, 1912.....................................................

- —

$38,900
16, 341
3, 660
1,192
330
120
8
16
40
42
4
7,019

00
68
90
50
81
00
52
85
00
25
50
08

$67,677 09
Plan, permanent. Par value of shares, $100 and $125. Instalments are
25 cents weekly.
Shares in force January 1, 1912, 2,682; shares issued during the year,
466; shares withdrawn during the year, 322; shares in force, 2,826. Bor­
rowing members, 68, holding 1,143 shares; non-borrowing members, 206,
holding 1,683 shares. Female shareholders, 96, holding 472 shares. Total
dividends credited members during the year on instalment shares, $7,970.19;
rate, 9 per cent.
No unpaid withdrawals. Entrance or membership fee, 25 cents per mem­
ber. Operating expenses, as defined in section 227 of the Banking Law, in­
curred and paid during the year, $1,742.41. Unpaid, none.
Premium plan, instalment. Interest paid by borrowing members, 12 cents
per share per week. Premium paid by borrowing members, 3 cents and 5
cents per share per week.
Loans have been made in Monroe county, New York State. Largest mort­
gage loan outstanding $11,000. Mortgages in force in New York State,
$111,675. No foreclosures during the year.
DESPATCH CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION.
Eyer Block, East Rochester, N. Y.
[Organized under law of 1894.

Commenced business 1908.]

Officers.
Names.
Post-office addresses.
President.................... B. J. FRYATT................................................. East Rochester.
Secretary ..................
B. R. ERW IN...................................................
East Rochester.
Treasurer .................' A. II. BOWN........................................................ East Rochester.
Attorney ...................
CLARENCE E. SHUSTER............................
Rochester.
ASSETS.

Loans on bond and mortgage............................................................
Loans on shares....................................................................................
Cash on hand and in bank................................................................
Instalments due and unpaid......................................
Interest, premium, fees and fines due and unpaid.




$19,800 00
410 00
221 22

$400 90
31 00

$20,431 22

182

R eport on S a v in g s a n d L o an A ssociations .
L IA B IL IT IE S .

Due shareholders, instalment shares ..............................................
Due shareholders, income shares ....................................................
Dividends c r e d ite d ...............................................................................
Balance to be paid borrowers on mortgage loans.......................
Earnings undivided .............................................................................
Contingent fund (as. per section 225 of Banking L a w )............

$18, 488
300
1, 173
361
46
62

10
00
39
00
57.
16

$20,431 22
RECEIPTS.

Cash on hand January 1, 1912........................................................
Dues on instalment shares credited to members...........................
Loans on shares repaid......................... ' . ............................................
Fees received .........................................................................................
Fines received .......................................................................................
Interest re ceiv ed ...................................................................................

$505
5, 378
210
5
81
1, 086

37
10
00
00
73
91

$7,267 11
DISBURSEMENTS.

Loaned on mortgage.............................................................................
Loaned on shares .................................................................................
Instalment dues repaid on withdrawal, or applied on loa n s.. .
Dividends paid on withdrawal, or applied on loans..................
Cash dividends paid on income and accumulative prepaid
sh ares...................................................................................................
Paid borrowed money and prior mortgages...................................
Paid interest on borrowed money and prior mortgages...............
Paid salaries and clerk h ire..............................................................
Paid advertising, printing and postage...........................................
Paid rent ...............................................................................................
Paid banking department, examination...........................................
Paid banking department, assessment...........................................
Officers’ bonds .......................................................................................
Cash on hand December 31, 1912.......................................................

$3,139
250
1,207
69

00
00
00
75

40 83
2,000 00
41 35
160 00
24 15
86 00
19 50
131
7 00
. 221 22
$7,267 11

Plan, permanent. Par value of shares, $100. Instalments are 50 cents
monthly.
Shares in force January 1, 1912, 1,008; shares issued during the year, 32;
shares withdrawn during the year, 100; shares in force, 940. Borrowing
members, 12, holding 207 shares; non-borrowing members, 45, holding 733
shares. Female shareholders, 5, holding 96 shares. Total dividends credited
members during the year on instalment shares, $722.22; rate, 5 per cent.
Total dividends credited or paid in cash to members during the year on
other shares, $40.83; rate, 5 per cent.
Amount of filed and unpaid withdrawals December 31, 1912, $66. En­
trance or membership, fee, $1 per member. Operating expenses, as defined
in section 227 of the Banking Law, incurred and paid during the year,
$277.15. Unpaid, none.
Premium plan, instalment. Interest paid by borrowing members, 6 per
cent. No premium charged.
Loans have been made in Monroe county, New York State. Largest mort­
gage loan outstanding, $2,000. Mortgages in force in New York State,
$19,800. No foreclosures during the year.




M o n ro e C o u n t y .

183

DIME BANKING AND LOAN ASSOCIATION.
No. 938 Clinton avenue, North, Rochester, N. Y.
[Organized under Law of 1851.
Officers.
President....................
Secretary ..................
Treasurer .................
Attorney ...................

Commenced business 1886.]

Names.
FERDINAND SCHWAB . . . .
ALEX. H. GEFELL.................
CHRIS JESSEN .....................
ROBERT B. WICKES.............

Post-office addresses.
8 La Force Street.
75 Huntington Park.
875 Clinton Avenue, North.
Rochester.

ASSETS.

Loans on bond and mortgage............................................................
Cash on hand and in bank..................................................................

$200,400 00
14,127 12
$214,527 12

LIABILITIES.

Due shareholders, instalment shares...............................................
Due shareholders, savings shares...................................................
Due shareholders, income shares......................................................
Dividends credited ..............................................................................
Earnings undivided ............................................................................
Contingent fund (as per section 225 of Banking L a w ).............
Unearned or rebatable premium........................................................

$48,450
87,793
41,300
11,925
10, 155
10,000
4,902

07
97
00
27
81
00
00

$214,527 12
RECEIPTS.

Cash on hand January 1, 1912..........................................................
Dues on instalment shares credited to members...........................
Dues on savings shares......................................................................
Dues on income shares........................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Fees received ........................................................................................
Fines received ......................................................................................
Interest received ................................................................................
Premium received ................................................................................

$29
37,889
105,126
41,300
21,050
318
21
10, 784
2, 000

25
89
07
00
00
70
48
00
00

$218,519 39
DISBURSEMENTS.

Loaned on m ortg a g e......................................................’. ...................
Instalment dues repaid on withdrawal, or applied on lo a n s ..«
Paid savings shares ............................................................................
Dividends paid on withdrawal, or applied on loans...................
Cash dividends paid on income and accumulative prepared
shares ..................................................................................................
Paid salaries and clerk h ire..............................................................
Paid advertising, printing and postage.........................................
Paid rent ...............................................................................................
Paid banking department, assessment...........................................
Premium rebated ................................................................................
Cash on hand December 31, 1912....................................................

$20, 000
148,005
17, 332
16,005

00
38
10
34

1,221
1,380
95
60
15
278
14,127

00
00
17
00
28
00
12

$218,519 39
Plan, permanent. Par value of shares, $100. Instalments are 10 cents
weekly.
Shares in force January 1, 1912, 5,607% ; shares issued during the year,
3,167; shares withdrawn during the year, 4,068% ; shares in force, 4,706.
Borrowing members, 163, holding 2,055 shares; non-borrowing members, 375,




184

R eport on S a v in g s a n d L oan A ssociations .

holding 2,651 shares. Female shareholders, 283, holding 3,701 shares. Total
dividends credited members during the year on instalment shares, $11,070.65;
rate, 10 per cent. Total dividends credited or paid in cash to members dur­
ing the year on other shares, $3,339.78; rate, 6 per cent.
No unpaid withdrawals. Entrance or membership fee, 10 cents per share.
Operating expenses, as defined in section 227 of the Banking Law, incurred
and paid during the year, $1,535.17. Unpaid, none.
Premium plan, gross. Interest paid by borrowing members, 5
per cent.
Premium paid by borrowing members, 10 per cent.
Loans have been made in Monroe county, New York State. Largest mort­
gage loan outstanding, $6,400. Mortgages in force in New York State,
$200,400. No foreclosures during the year.

y
5

EQUITY CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION.
No. 92 Portland avenue, Rochester, N. Y.
[Organized under Law of 1894.
Officers.
P re sid e n t...................
Secretary ..................
Treasurer .................
Attorneys .................

Commenced business 1894.]

Names.
Post-office
PETER W. SEILER.................................................
i E itBERT J. MUSSMACHER...............................
FRANK J. SCHWALB.............................................
LEWIS, MCKAY & MCMILLAN...........................

addresses.
Rochester.
Rochester.
Rochester.
Rochester.

ASSETS

Loans on bond and m ortgage.......................
Loans on shares................................................
Cash on hand and in bank...........................
Furniture and fix tu res...................................

$121,680
208
5,674
301

00
00
45
00

$127,863 45
LIABILITIES.

Due shareholders, instalment shares.......... .....................................
Due shareholders, savings shares....................................................
Dividends credited ...............................................................................
Earnings undivided ............................................................................
Contingent fund (as per section 225 of Banking L a w )............

$30,715
78, 584
15, 324
173
3,066

59
07
38
03
38

$127,863 45
RECEIPTS.

Cash on hand January 1, 1912..........................................................
Dues on instalment shares credited to members.......................i .
Dues on savings shares.......... ...........................................................
Money borrowed ...................................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares repaid........ : ...........................................................
Fees received .........................................................................................
Fines received .......................................................................................
Interest received .................................................................................

$5,408
18, 449
44,543
2, 500
20,384
1,404
42
6
7,054

36
97
21
00
00
00
50
22
77

$99,793 03
DISBURSEMENTS.

Loaned on mortgage ...........................................................................
Loaned on shares .................................................................................
Instalment dues repaid on withdrawal, or applied on lo a n s ...
Paid savings shares.............................................................................
Dividends paid on withdrawal, or applied on loans...................
Paid borrowed money and prior mortgages...................................




$26, 988
1,196
13,879
43, 248
5,268
2, 500

00
00
83
87
38
00

M o n ro e C o u n t y .

185

Paid interest on borrowed money and prior mortgage...............
Paid salaries and clerk hire................................................................
Paid advertising, printing and postage...........................................
Paid rent ...............................................................................................
Paid taxes, insurance, etc..................................................................
Paid banking department, assessment.............................................
Officers’ bonds ......................................................................................
Finance com m ittee..............................................................................
Cash on hand December 31, 1912.....................................................

$36
848
9
106
2
9
19
6
5,674

83
50
57
00
40
20
00
00
45

$99, 793 03
Plan, permanent. Par value of shares, $104. Instalments are 10 cents,
15 cents and 25 cents weekly.
Shares in force January 1, 1912, 4,381; shares issued during the year, 1,040;
shares withdrawn during the year, 707; shares in force, 4,714. Borrowing
members, 58, holding 1,160 shares; non-borrowing members, 291, holding
3,554 shares. Female shareholders, 89, holding 776 shares. Total dividends
credited members during the year on instalment shares, $1,716.22; rate, 6
per cent. Total dividends credited or paid in cash to members during the
year on other shares, $3,964.22; rate, 6 per cent.
No unpaid withdrawals. Entrance or membership fee, 50 cents per mem­
ber. Operating expenses, as defined in section 227 of the Banking Law, in­
curred and paid during the year, $989.07. Unpaid, none.
Premium plan, premium-interest. Interest paid by borrowing members, 5
per cent, and 6 per cent. No premium charged.
Loans have been made in Monroe county, New York State. Largest mort­
gage loan outstanding, $9,256. Mortgages in force in New York State,
$121,680. No foreclosures during year.

FAIRPORT PERMANENT LOAN ASSOCIATION.
Fairport, N. Y.
[Organized under Law of 1851.

Commenced business lSSS.]

Officers.
Names.
Post-office addresses.
P resid en t..................... W IL L I'M A. BEETON................................... Fairport. N. Y.
Fairport. N. Y.
Secretary ................... E. C. SNOW......................................................
Treasurer .................
GEORGE G. MULLINER..............................
Fairport, N. Y.
...................
E. J. FISK ..........................................................
Fairport. N. Y.
Attorney
ASSETS.

Loans on bond and m ortgage............................................................
Cash on hand and in bank................................................................
Furniture and fixtures ......................................................................

$59,200 00
4,211 15
186 00
$63,597 15

LIABILITIES.

Due shareholders, instalment shares...............................................
Dividends credited ..............................................................................
Balance to be paid borrowers on mortgage loans.........................
Earnings undivided ............................................................................
Contingent fund (as per section 225 of Banking L a w )............




$51,286
9, 687
275
1, 200
1,147

62
20
00
86
47

$63,597 15

186

R eport on S a v in g s a n d L oan A ssociations .
r e c e ip t s .

Cash on hand January 1, 1912........................................................
Dues on instalment shares credited to members.........................
Mortgages redeemed, foreclosed or transferred to real estate..
Fees r e ce iv e d .........................................................................................
Fines received .......................................................................................
Interest received ................................................................................
Premium received ...............................................................................
Reverted dividends ............................................................................

$6,524
25,083
16,000
29
24
2, 936
1, 138
71

08
64
00
90
90
08
81
16

$51,808 57
DISBURSEMENTS.

Loaned on mortgage............................................................................
Instalment dues repaid on withdrawal, or applied on loa n s.. .
Dividends paid on withdrawal, or applied on loans..................
Paid matured shares ..........................................................................
Paid salaries and clerk h ire..............................................................
Paid banking department, assessment..............................................
Cash on hand December 31, 1912......................................................

$17,025
21, 409
1,235
7, 650
271
4
4,211

00
29
44
87
92
90
15

$51,808 57
Plan, permanent. Par value o f shares, $100. Instalments are 10 cents
and 20 cents weekly.
Shares in force January 1, 1912, 1,731; shares issued during the year, 299;
shares withdrawn during the year, 299; shares in force, 1,731. Borrowing
members, 44, holding 567 shares; non-borrowing members, 122, holding 1,164
shares. Female shareholders, 48, holding 283 shares. Total dividends cred­
ited members during the year on instalment shares, $3,901.29; rate, 8 per cent.
Total dividends forfeited by withdrawing members during the year, $71.16.
No unpaid withdrawals. Amount o f shares matured during the year,
$7,650.87. Entrance or membership fee, 10 cents per share. Operating ex­
penses, as defined in section 227 of the Banking Law, incurred and paid dur­
ing the year, $271.92. Unpaid, none.
Premium plan, instalment. Interest paid by borrowing members, 10 cents
per share per week. Premium paid by borrowing members, 4 cents per share
per week.
Loans have been made in Monroe county, New York State. Largest mort­
gage loan outstanding, $3,500. Mortgages in force in New York State,
$58,925. No foreclosures during the year.

GENESEE FALLS PERMANENT SAVINGS AND LOAN ASSOCIATION.
No. 368 Clinton avenue, North, Rochester, N. Y.
[Organized under Law of 1851.

Commenced business 1887.]

Officers.
Names.
P resid en t.................
JOSEPH KIPPHUT........................
Secretary ..................
HENRY W. MARTENS....................
Treasurer .................
DENNIS COFFEY............... •
............
Attorney ....................... HENRY W. MARTENS.....................

Post-office addresses.
563 Garson Avenue.
517 E. & B. Building.
28 Ward Street.
517 E. & B. Building.

ASSETS.

Loans on bond and m ortgage............................................................
Real e s t a t e .............................................................................................
Cash on hand and in bank................................................................
Furniture and fixtures........................................................................




$17,405
1, 300
267
50

00
00
50
00

$19,022 50

M o n ro e C o u n t y .

18T

LIABILITIES.

Due shareholders, instalment shares .............................................
Due shareholders, savings shares ...................................................
Due shareholders, income shares.....................................................
Dividends credited ..............................................................................
Earnings undivided ............................................................................
Contingent fund (as per section 225 of Banking L a w )............
Unearned or rebatable premium.....................................................

$2, 188
2, 418
10,500
830
1, 522
848
715

20
50
00
11
64
05
00

$19,022 50
RECEIPTS.

Cash on hand January 1, 1912........................................................
Dues on instalment shares credited to members............................
Dues on savings shares........................................................................
Dues on income shares........................................................................
Mortgages redeemed, foreclosed or transferredto real estate. . .
Fees received ........................................................................................
Interest received ..................................
Premium receiv ed ................................................................................
Rent r eceiv ed .........................................................................................

$1,320
2, 175
1, 777
1, 000
2, 820
5
968
80
174

74
73
47
00
20
30
75
00
50

$10,322 69
DISBURSEMENTS.

Loaned on mortgage............................................................................
Instalment dues repaid on withdrawal, or applied on loans. . .
Paid savings shares ............................................................................
Paid income shares ............................................................................
Dividends paid on withdrawal, or applied on loans..................
Cash dividends paid on income and accumulative prepaid
s h a r e s .................................................................................................
Paid salaries and clerk hire..............................................................
Paid advertising, printing and postage........................................
Paid rent ..............................................................................................
Paid repairs to real estate................................................................
Paid taxes, insurance, etc...........................................
Paid banking department, assessment...........................................
Cash on hand December 31, 1912................................. ‘...................

$1,600
2, 360
1, 709
1, 400
449

00
93
67
00
28

1, 518
687
30
40
217
3S
1
267

75
80
75
00
90
50
61
50

$10,322 69
Plan, permanent. Par value of shares, $100. Instalments are 10 cents
weekly.
Shares in force January 1, 1912, 419; shares issued during the year, 100;
shares withdrawn during the year, 98; shares in force, 421. Borrowing mem­
bers, 8, holding 168 shares; non-borrowing members, 36, holding 253 shares.
Female shareholders, 13, holding 129 shares. Total dividends credited mem­
bers during the year on instalment shares, $114.82; rate, 644 per cent. Total
dividends credited or paid in cash to members during the year on other
shares, $663.92; rate, 5 per cent.
No unpaid withdrawals. Entrance or membership fee, 10 cents per share.
Operating expenses, as defined in section 227 of the Banking Law, incurred
and paid during the year, $758.55. Unpaid, none.
Premium plan, gross. Interest paid by borrowing members, 5
per cent.
Premium paid by borrowing members, 5 per cent.
Loans have been made in Monroe county, New York State. Largest mort­
gage loan outstanding, $4,000. Mortgages in force in New York State,
$17,405. No foreclosures during the year.




%

188

R eport on S a v in g s an d L oan A ssociations .

HOME BUILDERS’ CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION.
No. 236 State street, Rochester, N. Y.
[Organized under Law of 1909.
Officers.
President...............
Secretary . . . . . . . .
Treasurer .............
Attorney ...............

..
..
..
..

Commenced business 1910.]

Names.
Post-office addresses.
PRANK H. CLEMENT............... ............. 236 State Street.
WILLIAM W. W ALKER............. ............. 236 State Street.
JAMES M. HARRISON...............
State Street.
CURTIS FITZSIMONS............... ............. 236 State Street.
ASSETS.

Loans on bond and mortgage ..........................................................
Cash on hand and in bank..................................................................

$10, 700 00
2,538 19
$13,238 19

LIABILITIES.

Due shareholders, instalment shares .............................................
Dividends credited ...............................................................................
Earnings undivided ............................................................................
Contingent fund (as per section 225 of Banking L a w )..............

$12,246
314
622
54

00
65
97
57

$13,238 19
RECEIPTS.

Cash on hand January 1, 1912..........................................................
Dues on instalment shares credited to members.........................
Fees re ce iv e d .........................................................................................
Fines received ................................. •
....................................................
Interest received .................................................................................

$2,075
5,646
12
3
681

88
00
00
86
11

$8,418 85
DISBURSEMENTS.

Loaned on mortgage ..........................................................................
Instalment dues repaid on withdrawal, or applied on loans..
Dividends paid on withdrawal, or applied on loans...................
Paid advertising, printing and postage.........................................
Paid banking department ................................................................
Safe deposit box
..........................................................................
B o o k s ................................................. .....................................................
Cash on hand December 31, 1912....................................................

$2,500
3,235
99
6
17
5
17
2, 538

00
00
41
75
O
'O
00
50
19

$8,418 85
Plan, permanent. Par value of shares, $200. Instalments are $1 monthly.
Shares in force January 1, 1912, 492; shares issued during the year, 41;
shares withdrawn during the year, 115; shares in force, 418. Borrowing
members, 7, holding 56 shares; non-borrowing members, 51, holding 362
shares. Female shareholders, 9, holding 37 shares. Total dividends credited
members during the year on instalment shares, $351.60; rate, 5 per cent.
No unpaid withdrawals. Entrance or membership fee, 25 cents per share.
Operating expenses, as defined in section 227 of the Banking Law, incurred
and paid during the year, $29.25. Unpaid, none.
Premium plan, premium-interest. Interest paid by borrowing members,
6 per cent. No premium charged.
Loans have been made in Monroe county, New York State. Largest mort­
gage loan outstanding, $1,800. Mortgages in force in New York State,
$10,700. No foreclosure during the year.




189

M o n ro e C o u n t y .
HOMESTEAD LOAN ASSOCIATION.
No. 806 Powers Building, Rochester, N. Y.
[Organized under Law of 1851.
Officers.
President....................
Secretary ..................
Treasurer .................
Attorney ...................

Commenced business 1881.]

Names.
A'"U S WALDER................................
GEORGE W. COLBURN....................
GEORGE W. THOMAS......................
GEORGE W. THOMAS......................

Post-office addresses.
806 Powers Building.
204 Granite Building.
804 Powers Building.
804 Powers Building.

ASSETS.

Loans on bond and mortgage............................................................
Cash on hand and in bank................................................................
Advances for taxes, insurance, e tc .................................................

$60,255 00
669 94
38 76
$60,963 70

LIABILITIES.

Due shareholders, instalment shares .............................................
Due shareholders, income shares ............................................... •..
Dividends credited .................................................................
Earnings undivided ............................................................................
Contingent fund (as persection 225 of Banking L a w )............
Unearned or rebatable premium ......................................................
Individual account ............................................................................

$22,594
26, 775
2,645
6,657
1,317
971
2

80
00
55
63
22
30
20

$60,963 70
RECEIPTS.

Cash on hand January 1, 1912......................................................
Dues on instalment sharescredited to members.............................
Dues on income shares ......................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Real estate sold ................................................................................
Fees received ......................................................................................
Fines received ....................................................................................
Interest received ................................................................................
Premium receiv ed ................................................................................
Rent received ......................................................................................
Advances repaid ................................................................................
Appraisal fees ....................................................................................
Expense fund ......................................................................................
Water rent refunded ..........................................................................
Reserve fund ......................................................................i ................
Individual accounts ..........................................................................
Land contracts ....................................................................................
Dividends credited ..............................................................................

$3,257
12,064
2,730
8,330
5,300
2
33
2, 660
780
154
47
58
1,084
1
162
961
2,500
2,216

73
80
00
00
00
00
80
58
00
75
79
00
70
25
00
00
00
95

$42,345 35
DISBURSEMENT'S.

Loaned on mortgage ..........................................................................
Instalment dues repaid on withdrawal, or applied on loans..
Dividends paid on withdrawal, or applied on loans..................
Cash dividends paid on income and accumulative prepaid
s h a r e s.................................................................................................
Paid matured shares ..........................................................................
Paid salaries and clerk-hire ............................................................
Paid r e n t ...............................................................................................
Paid repairs to real estate ..............................................................
Paid taxes, insurance, etc..................................................................
Paid banking department, examination...........................................




$18, 880 00
9,175 35
291 30
1,257
2,205
409
100
31
122
26

50
00
75
00
19
15
00

190

R eport on S a v in g s a n d L o an A ssociations .

Paid banking department,assessment...............................................
A p p ra isa ls..............................................................................................
Real estate commissions ..................................................................
Individual accounts ...........................................................................
S u n d ries.................................................................................................
Profit and loss .....................................................
Land contracts .....................................................................................
Cash on hand December 31, 1912....................................................

$4
58
133
2,966
56
3,459
2,500
669

37
00
55
00
20
05
00
94

$42,345 35
Plan, permanent. Par value of shares, $105. Instalments are 15 cents,
20 cents and 25 cents weekly.
Shares in force January 1, 1912, 872; shares issued during the year, 233;
shares withdrawn during the year, 137; shares in force, 968. Borrowing
members, 34, holding 441 shares; non-borrowing members, 103, holding 527
shares. Female shareholders, 49, holding 380 shares. Total dividends credited
members during the year on instalment shares, $954.85; rate, 5 per cent.
Total dividends credited or paid in cash to members, during the year on other
shares, $1,257.50; rate, 5 per cent.
No unpaid withdrawals. Amount of shares matured during the year,
$2,205.
Entrance or membership fee, 25 cents per member. Operating
expenses, as defined in section 227 of the Banking Law, incurred and paid
during the year, $565.95. Unpaid, none.
Premium plan,' gross. Interest paid by borrowing members, 10 cents per
share per week. Premium paid by borrowing members, $5 per share.
Loans have been made in Monroe county, New York State. Largest mort­
gage loan outstanding, $8,250. Mortgages in force in New York State,
$60,255. One foreclosure during the year.

HUDSON STREET PERMANENT SAVING AND LOAN ASSOCIATION.
No. 217 Hudson avenue, Rochester, N. Y.
[Organized under Law of 1851.

Commenced business 1885.]

Officers.
Names.
President....................
BERNARD LEUHM............................
Secretary ......................HENRY W. MARTENS.......................
Treasurer .................
HENRY C. W ULLE............................
HENRY W. MARTENS.......................
Attorney ...................

Post-office addresses.
628 N. Goodman St.
517 E. & B. Building.
96 University Avenue.
517 E. & B. Building.

ASSETS.

$16,600 00
153 66
60 00

Loans on bond and mortgage
Cash on hand and in bank..
Furniture and fixtures . . . .

$16,813 66
L IA B IL IT IE S .

Due shareholders, instalment shares..............................................
Due shareholders, savings shares ....................................................
Due shareholders, income shares ...................................................
Dividends credited ............................................'.................................
Earnings undivided ............................................................................
Contingent fund (as per section 225 of Banking L a w )............
Unearned or rebatable premium ....................................................




$4,844
829
8,155
1, 020
979
440
544

85
02
00
49
42
88
00

$16,813 66

M onroe C o u n t y .

191

RECEIPTS.

Cash on hand January 1, 1912.........................................................
Dues on instalment shares credited to members.........................
Dues on savings sh a re s................................... .................................
Mortgages redeemed, foreclosed ortransferred to real estate..
Fines received ......................................................................................
Interest received ................................................................................
Reverted dividends ............................................................................

$217 70
1,917 98
244 00
1,400 00
1 00
919 20
49 93
$4,749 81

DISBURSEMENTS.

- ......: ... --------------

Instalment dues repaid on withdrawal, or applied on lo a n s ...
Paid savings shares ..........................................................................
Paid income shares ............................................................................
Dividends paid on withdrawal, or applied on loans...................
Cash dividends paid on income and accumulative prepaid
shares . . .......................................................................... : ............
Paid salaries and clerk-h ire.............................................................
Paid r e n t ...............................................................................................
Paid banking department, assessment .........................................
Cash on hand December 31, 1912.....................................................

$1,322
366
2,000
169

38
00
00
39

347
359
31
1
153

00
00
00
38
66

$4,749 81
Plan, permanent. Par value of shares, $100. Instalments are 10 cents
weekly.
Shares in force January 1, 1912, 244; shares issued during the year, none;
shares withdrawn during the year, 20; shares in force, 224. Borrowing
members, 13, holding 166 shares; non-borrowing members, 20, holding 58
shares. Female shareholders, 8, holding 65 shares. Total dividends credited
members during the year on instalment shares, $226.90; rate, 5 per cent.
Total dividends credited or paid in cash to members during the year on other
shares, $327.36; rate, 4 per cent. Total dividends forfeited by withdrawing
members during the year, $49.93.
Amount of filed and unpaid withdrawals December 31, 1912, $2,600.
Entrance or membership fee, 10 cents per share. Operating expenses, as
defined in section 227 of the Banking Law, incurred and paid during the
year, $390. Unpaid, none.
Premium plan, gross. Interest paid by borrowing members, 5 y5 per cent.
Premium paid by borrowing members, 5 per cent.
Loans have been made in Monroe county, New York State. Largest mort­
gage loan outstanding, $2,500. Mortgages in force in New York State,
$16,600. No foreclosures during the year.

PINNACLE AVENUE SAVINGS AND LOAN ASSOCIATION.
No. 842 Clinton avenue, South, Rochester, N. Y.
[Organized under Law of 1851.
Officers.
President....................
Secretary ..................
Treasurer .................
Attorney .....................

Commenced business 1890.]

Names.
Post-office addresses.
CHARLES C.
REHTZ....................................
Rochester.
WILLIAM J. RICHTER.................................... Rochester.
WILLIAM EISENBERG.................................... Rochester.
WILLIAM J. RICHTER.................................... Rochester.
ASSETS.

Loans on bond and mortgage............................................................
Cash on hand and in bank................................................................
Furniture and fixtures.................. '....................................................




$95,625 00
5,206 17
50 00
$100,881 17

192

R eport on S a v in g s a n d L o an A ssociations .
LIABILITIES.

Due shareholders, instalment shares................................................
Dividends credited ...............................................................................
Earnings undivided ............................................................................
Contingent fund (as per section 225 of Banking L a w )............
Unearned or rebatable premium........................................................

$79; 877
12, 040
2,215
4, 600
2,147

36
64
67
00
50

$100,881 17
RECEIPTS.

Cash on hand January 1, 1912..........................................................
Dues on instalment shares credited to members.........................
Money borrowed ...................................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Eees received .........................................................................................
Fines received ......................................................................................
Interest received .................................................................................
Premium received ...............................................................................
Reverted dividends ..............................................................................

$3,158
46, 085
2, 500
10, 300
26
l
4, 531
1,323
79

78
86
00
00
25
65
72
00
46

$68,006 72
DISBURSEMENTS.

Loaned on mortgage ..........................................................................
Instalment dues repaid on withdrawal, or applied on loans..
Dividends paid on withdrawal, or applied on loa n s.. . : ............
Paid matured shares ..........................................................................
Paid borrowed money and prior mortgages............................. .
Paid interest on borrowed money and prior mortgages............
Paid salaries and clerk-hire..............................................................
Paid rent ...............................................................................................
Paid banking department, assessment...........................................

$17, 600
29,720
1, 751
10, 300
2, 500
22
758
84
6

00
41
98
00
00
92
00
00
94

A u d it o r s ..........................................................................................................

3 00

Premium rebated ................................................................................
Office supplies .......................................................................................
Cash on hand December 31, 1912......................................................

49 00
4 30
5,206 17
$68,006 72

Plan, permanent. Par value of shares, $100. Instalments are 15 cents
weekly.
Shares in force January 1, 1912, l,6471 ; shares issued during the year,
/4
301; shares withdrawn during the year, 197; shares in force, 1,751%. Bor­
rowing members, 87, holding 956% shares; non-borrowing members, 356,
holding 795 shares. Female shareholders, 191, holding 873 shares. Total
dividends credited members during the year on instalment shares, $4,464.38;
rate, 6 per cent. Total dividends forfeited by withdrawing members during
the year, $79.46.
No unpaid withdrawals. Amount of shares matured during the year,
$10,300. Entrance or membership fee, 25 cents per share. Operating ex­
penses, as defined in section 227 o f the Banking Law, incurred and paid
during the year, $849.30. Unpaid, none.
Premium plan, gross. Interest paid by borrowing members, 10 cents per
share per week. Premium paid by borrowing members, $9 per share.
Loans have been made in Monroe county, New York State. Largest mort­
gage loan outstanding,. $5,500. Mortgages in force in New York State,
$95,625. No foreclosures during the year.




M onroe C o u n ty.

193

PROFIT LOAN ASSOCIATION.
No. 448 Powers block, Rochester, N. Y.
[Organized under Law of 1851.
Officers.
President....................
Secretary ...................
Treasurer .................
A tto rn e y s.................

Commenced business 1886.]

Names.
Post-office addresses.
LEWIS H. GILBERT..................................
Rochester, N. Y.
WILLIAM J. TRIM BLE................................ Rochester, N. Y.
JOHN H. ASHTON.......................................
Rochester, N. Y.
GEO. & S. C. TRUESDALE.........................
Rochester, N. Y.
ASSETS.

Loans on bond and m ortgage............................................................
Contracts for the sale of real estate...............................................
Real estate ..........................................................................................
Cash on hand and in bank..................................................................

$312,600
4, 500
1,187
34,119

00
00

45
47

$352,406 92
LIABILITIES.

Due shareholders, instalment shares...............................................
Dividends credited ........................................... .•
.................................
Earnings undivided ............................................................................
Contingent fund (as per section 225 of Banking L a w ).............

$234,143
81,381
27,132
9,750

05
31
56
00

$352,406 92
RECEIPTS.

Cash on hand January 1, 1912.........................................................
Dues on instalment shares credited to members.........................
Mortgages redeemed, foreclosed or transferred to real estate..
Fees r e ce iv e d ........................................................................................
Fines re ce iv e d ......................................................................................
Interest received ................................................................................
Premium re ce iv e d ...............................................................................
Land contracts ......................................... ..........................................

$21,033
121,105
85, 200
17
114
15, 429
6 , 833
3, 300

50
60
00
50
93
99
46
00

$253,034 98
DISBURSEMENTS.

Loaned on mortgage............................................................................
Instalment dues repaid on withdrawal, or applied on lo a n s .. .
Dividends paid on withdrawal, or applied on loans...................
Paid for real estate..............................................................................
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage...........................................
Paid rent ...............................................................................................
Paid taxes, insurance, etc..................................................................
Paid banking department, examination.........................................
Paid banking department, assessment...........................................
Officers’ b o n d s .......................................................................................
Attorney f e e s .........................................................................................
Cash on hand December 31, 1912......................................................

$94,300
103, 606
18,276
1,187
1,080
79
64
65
81
24
15
134
34,119

00
09
75
45
00
00
00
75
75
97
00
75
47

$253, 034 98
Plan, permanent. Par value of shares, $100. Instalments are 10 cents
weekly.
Shares in force January 1, 1912, 5,402; shares issued during the year,
933; shares withdrawn during the year, 657; shares in force, 5,678. Bor­
rowing members, 110, holding 3,126 shares; non-borrowing members, 269,
holding 2,552 shares. Female shareholders, 167, holding 1,744 shares. Total

7




194

R eport on S a v in g s a n d L o an A ssociations .

dividends credited members during the year on instalment shares, $15,367.92;
rate, 6 per cent.
No unpaid withdrawals. Entrance or membership fee, 25 cents per share.
Operating expenses, as defined in section 227 of the Banking Law, incurred
and paid during the year, $1,238. Unpaid, none.
Premium plan, premium-interest. Interest paid by borrowing members, 10
cents per share per week. Premium paid by borrowing members, 5 cents
per share per week.
Loans have been made in Monroe county, New York State. Largest mort­
gage loan outstanding, $10,000. Mortgages in force in New York State,
$312,600. One foreclosure during the year.

ROCHESTER PERMANENT SAVINGS ASSOCIATION.
No. 448 Powers block, Rochester, N. Y.
[Organized under Law of 1851.
Officers.
President....................
Secretary ..................
Treasurer .................
Attorney ...................

Commenced business 1882.]

Names.
Post-office addresses.
STEPHEN C. TRUESDALE........................
Rochester, N. Y.
BERT M. PARKE S .......................................
Rochester, N. Y.
BERT M. PARKES....................................... Rochester, N. Y.
S. C. TRUESDALE....................................... Rochester, N. Y.
ASSETS.

Contracts for the sale of real estate................................................
Cash on hand and in bank................................................................
Profit and loss .....................................................................................

$829 21
2,201 24
1,225 84
$4,256 29

LIABILITIES.

Due shareholders, instalment shares........ ................................ ..

$4, 256 29

RECEIPTS.

Cash on hand January 1, 1912..........................................................
Real estate sold.....................................................................................
Interest re ceiv ed ....................... .'.........................................................
Rent received .......................................................................................
Contracts ..................................
Safe s o l d .................................................................................................

$322
3,500
10
184
152
25

48
00
62
00
00
00

$4,194 10
DISBURSEMENTS.

Instalment dues repaid on withdrawal, or applied on loans. . .
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage.........................................
Paid rent ...............................................................................................
Paid repairs to real estate................................................................
Paid taxes, insurance, e tc ..................................................................
Paid banking department, assessment.............................................
Real estate sold ...................................................................................
Cash on hand December 31, 1912....................................................

$1,402
165
1
49
120
124

53
85
44
00
89
09
68

128 38
2,201 24
$4,194 10

Plan, permanent.
weekly.




Par value of shares, $100.

Instalments are 10 cents

M onroe C o u n t y .

195

Shares in force January 1, 1912, 120; shares issued during the year, none;
shares withdrawn during the year, 1 2 0 ; shares in force, none.
No unpaid withdrawals. Entrance !or membership fee, 25 cents per share.
Operating expenses, as defined in section 227 of the Banking Law, incurred
and paid during the year, $343-23. Unpaid, none.
Premium plan, instalment. Interest paid by borrowing members, 5% per
cent. Premium paid by borrowing members, 10 cents per share per week.
Loans have been made in Monroe county, New York State. No mortgage
loans outstanding. No foreclosures during the year.

ROCHESTER SAVING AND LOAN ASSOCIATION.
No. 806 Powers building, Rochester, N. Y.
[Organized under Law of 1851.
Officers.
President....................
Secretary ..................
Treasurer .................
Attorney ...................

Commenced business 1889.]

Names.
Post-office addresses.
AMOS WALDER........................................... Rochester, N. Y.
GEORGE W. THOMAS.................................
Rochester, N. Y.
JOHN P. SMITH............................................
Rochester, N. Y.
GEORGE W. THOMAS.................................
Rochester, N. Y.
ASSETS.

Loans on bond and mortgage ..........................................................
Cash on hand and in bank........................................... ...................
Advances for taxes, insurance, etc.................................................

$24,556 38
1,702 19
38 57
$26,297 14

LIABILITIES.

Due shareholders, instalment s h a r e s .............................................
Dividends credited .............................................................................
Contingent fund (as per section 225 of Banking L a w ).............

$12,555 22
12,138 33
1,603 59
$26,297 14

RECEIPTS.

Cash on hand January 1, 1 9 1 2 ........................................................
Dues on instalment shares credited to members...........................
Mortgages redeemed,foreclosed or transferred to real estate..
Fines received ......................................................................................
Interest r e ce iv e d ..................................................................................
Premium received ..............................................................................
C on tra cts...............................................................................................
F orfeitu res.............................................................................................
Rent refunded ......................................................................................

$1, 385 08
4,063 72
3,900 00
152 00
894 66
165 12
549 36
8,982 46
100 95
$20,193 35

DISBURSEMENTS.

Loaned on mortgage............................................................................
Instalment dues repaid on withdrawal, or applied on loa n s..
Dividends paid on withdrawal, or applied on loans...................
Paid matured shares ........................................................................
Paid salaries <and clerk-hire................
Paid r e n t ...............................................................................................
Paid banking department, assessment...........................................
In ciden tals.............................................................................................
Attorney fees ......................................................................................
Profit and loss......................................................................................
Cash on hand December 31, 1912.............................................




$1,500
2,640
8,981
4,000
652
350
2
96
225
43
1,702

00
00
46
00
06
04
23
62
00
75
19

$20,193 35

19G

R eport on S a v in g s a n d L o an A ssociations .

Plan, permanent. Par value of shares, $100. Instalments are 25 cents,
50 cents and $1 monthly.
Shares in force January 1, 1912, 244; shares issued during the year, none;
shares withdrawn during the year, 55; shares in force, 189. Borrowing
members, 4, holding 47 shares; non-borrowing members, 10, holding 142
shares. Female shareholders, 2, holding 41 shares. Total dividends credited
members during the year on instalment shares, $7,970.88; rate, 200 per cent,
extra dividend. Total dividends forfeited by withdrawing members during
the year, $199.29.
N o unpaid withdrawals. Amount of shares matured during the year,
$4,000. Operating expenses, as defined in section 227 of the Banking Law,
incurred and paid during the year, $997.77. Unpaid, none.
Premium plan, instalment. Interest paid by borrowing members, 40 cents
and 45 cents per share per month. Premium paid by borrowing members,
35 cents and 40 cents per share per month.
Loans have been made in Monroe county, New York State. Largest
mortgage loan outstanding, $8,300. Mortgages in force in New York State,
$24,556.38. No foreclosures during the year.

SECURITY LOAN ASSOCIATION.
No. 448 Powers building, Rochester, N. Y.
[Organized under Law o f 1851.
Officers.
P resident....................
Secretary ...................
Treasurer .................
Attorney ...................

Commenced business 1881.]

Names.
Post-office addresses.
TIMOTHY DERRICK.................................... Rochester, N. Y.
WILLIAM H. PARAGHER......................... Rochester, N. Y.
WILLIAM H. PARAGHER......................... Rochester, N. Y.
GEORGE TRUESDALE.............................. Rochester, N. Y.
ASSETS.

Real estate ........................................................
Cash on hand and in bank...............................

$11,600 00
248 54
$11,848 54

LIABILITIES.

Due shareholders, instalmentshares.................................................
Dividends credited ...............................................................................
Prior mortgages ...............................
Earnings undivided .............................................................................
Contingent fund (as per section 225 of Banking L a w )..............

$4,762
936
4,800
440
909

43
15
00
51
45

$11,848 54
RECEIPTS.

Cash on hand January 1, 1912..........................................................
Fees re ce iv e d .........................................................................................
Rent re ceiv ed .........................................................................................

$253 52
2 25
1,051 00
$1,306 77

DISBURSEMENTS.

Paid
Paid
Paid
Paid
Paid
Cash

interest on borrowed money and prior mortgages............
salaries and clerk-hire..............................................................
repairs to real estate................................................................
taxes, insurance, e tc ..................................................................
banking department, assessment...........................................
on hand December 31, 1912............................




$288
50
349
369

00
30
46
32
1 15
248 54

$1,306 7^

M onroe C o u n ty.

197

Plan, permanent. Par value of shares, $105. Instalments are 10 cents,
15 cents and 25 cents weekly.
Shares in force January 1, 1912, 118; shares issued during the year, none;
shares withdrawn during the year, none; shares in force, 118. No borrowing
members; non-borrowing members, 14, holding 118 shares. Female share­
holders, 5, holding 26 shares.
Amount of filed and unpaid withdrawals December 31, 1912, $4,726.43.
Entrance or membership fee, 25 cents per member. Operating expenses, as
defined in section 227 of the Banking Law, incurred and paid during the year,
$50.30. Unpaid, none.
Premium plan, gross. Interest paid by borrowing members, 10 cents per
share per week. Premium paid by borrowing members, $10 per share.
Loans have been made in Monroe county, New York State. No mortgage
loans outstanding. • No foreclosures during the year.

TWENTIETH WARD CO-OPERATIVE SAVINGS AND LOAN
ASSOCIATION.
Corner Whitney and Campbell streets, Rochester, N. Y.
[Organized under Law of 1892.

Commenced business 1896.]

Officers.
President....................
Secretary ..................
Treasurer .................

Names.
HENRY A. MENSING...........
AUGUST J. D EN TIN GER...
JOHN SEILER..........................

Attorney ...................

WILLIAM F. LOVE.................

Post-office addresses.
341 Campbell Street.
332 Child Street.
Cor. Whitney and Campbell
Streets.
Rochester.

ASSETS

Loans on bond and mortgage.......................
Cash on hand and in bank...........................

$85,600 00
7,452 19
$93,052 19

LIABILITIES.

Due shareholders, instalment sh ares..............................................
Dividends credited ............................................................................
Earnings undivided ............................................................................
Contingent fund (as per section 225 of Banking L a w )..........

$78,936
9, 188
3,842
1,085

25
00
15
79

$93,052 19
RECEIPTS.

Cash on hand January 1, 1912..........................................................
Dues on instalment shares credited to members.........................
Mortgages redeemed, foreclosed ortransferred to real estate..
Fees r e ce iv e d ........................................................................................
Fines received .......................................................................................
Interest received ................................................................................
Premium received ..............................................................................

$9,060
55,195
2,700
194

67
91
00
60
2 94
4,346 72
1,155 26

$72,656 10
DISBURSEMENTS.

Loaned on mortgage............................................................................
Instalment dues repaid on withdrawal, or applied on loans..
Dividends paid on withdrawal, or applied on loans..................
Paid matured shares..........................................................................
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage...........................................
Paid r e n t ...............................................................................................




$11,500
42,676
1,841
8,428
647
17
50

00
11
69
85
75
75.
00

198

R eport on S a y in g s a n d L o an A ssociations .

Paid banking department, examination .......................................
Paid banking department, assessment .........................................
Interest refunded .......................................................... .....................
Cash on hand December 31, 1912....................................................

$26 00
6 52
9 24
7*452 19
$72,656 10

Plan, permanent. Par value of shares, $100. Instalments are 10 cents and
25 cents weekly.
Shares in force January 1 , 1912, 3,806; shares issued during the year, 824;
shares withdrawn during the year, 497; shares in force, 4,133. Borrowing
members, 63, holding 788 shares; non-borrowing members, 499, holding 3,345
shares. Female shareholders, 182, holding 1,263 shares. Total dividends
credited members during the year on instalment shares, $4,140.06; rate, 6
per cent.
No unpaid withdrawals. Amount of shares matured during the year,
$8,428.85. Entrance or membership fee, 10 cents and 25 cents per share.
Operating expenses, as defined in section 227 of the Banking Law, incurred
and paid during the year, $715.50. Unpaid, none.
Premium plan, premium-interest. Interest paid by borrowing members,
5
per cent. Premium paid by borrowing members, 3 cents per share.
Loans have been made in Monroe county, New York State. Largest
mortgage loan outstanding, $5,000. Mortgages in force in New York State,
$85,600. No foreclosures during the year.

y
B

UNION PERMANENT SAVINGS AND LOAN ASSOCIATION.
No. 664 Clinton avenue, North, Rochester, N. Y.
[Organized under Law of 1851.
Officers.
P resident....................
Secretary ..................
Treasurer .................
Attorneys..................... •

Commenced business 1886.]

Names.
ROBERT SIEBERT..............................
EDWARD A. SHULTS........................
CHARLES NUNNOLD.........................
WERNER & HARRIS...........................

Post-office addresses.
University Avenue.
34 City Hall.
664 Clinton Ave., N.
Insurance Bldg.

ASSETS.

Loans on bond and mortgage............................................................
Cash on hand and in bank..................................................................

$44, 500 00
1 , 856 68
$46,356 68

LIABILITIES.

— ............ .............

Due shareholders, instalment shares .............................................
Dividends credited ...............................................................................
Earnings undivided ............................................................................
Contingent fund (as per section 225 of Banking L a w )............
Unearned or rebatable premium ......................................................

$36, 556
7,108
1,643
684
364

35
06
35
22
70

$46,356 68
RECEIPTS.

Cash on hand January 1, 1912..........................................................
Dues on instalment shares credited to members...........................
Mortgages redeemed, foreclosed or transferred to real estate. .
Fees received .........................................................................................
Fines received .......................................................................................
Interest received .................................................................................
Premium r e ce iv e d .................................................................................
Transfer f e e ..............................................................................




$1,368 27
13,135 11
4, 500 00
19 40
2 65
2, 490 50
45 00
2 00

$21,562 93

199

M o n ro e C o u n t y .
DISBU RSEM EN TS.

Loaned on mortgage ..........................................................................
Instalment dues repaid on withdrawal, or applied on loa n s.. .
Dividends paid on withdrawal, or applied on loans...................
Paid salaries and clerk-hire ............................................................
Paid advertising, printing and postage .......................................
Paid r e n t ...................................... ......................................................
Paid banking department, assessm ent..........................................
State League dues ..............................................................................
Mortgage t a x ........................................................................................
Cash on hand December 31, 1912.............. *.....................................

$1, 000 00
14, 723 84
3, 522 36
377 00
12 30
57 00
375
5 00
5 00
1, 856 68
$21,562 93

Plan, permanent. Par value o f shares, $100. Instalments are 10 cents
weekly.
Shares in force January 1, 1912, 1,123; shares issued during the year, 194;
shares withdrawn during the year, 219; shares in force, 1,098. Borrowing
members, 25, holding 497 shares; non-borrowing members, 102, holding
601 shares. Female shareholders, 35, holding 230 shares. Total dividends
credited members during the year on instalment shares, $2,082.67; rate, 6
per cent.
No unpaid withdrawals. Entrance or membership fee, 10 cents per share.
Operating expenses, as defined in section 227 of the Banking Law, incurred
and paid during the year, $451.30. Unpaid, none.
Premium plan, gross. Interest paid by borrowing members, 5
per cent.
Premium paid by borrowing members, $4.50 per share.
Loans have been made in Monroe county, New York State. Largest mort­
gage loan outstanding, $4,000. Mortgages in force in New York State,
$44,500. No foreclosures during the year.

%

UNITED PERMANENT SAVINGS AND LOAN ASSOCIATION.
No. 510 Portland avenue, Rochester, N. Y.
[Organized under Law of 1851.
Officers.
President....................
Secretary ..................
Treasurer .................
Attorney ...................

Commenced business 1886.]

Names,.
Post-office addresses.
FRANK D. FOLSOM................................
296 Carter Street.
LEO SPIEGEL ......................................... 6 Kintz Place.
LOUIS KNAPP ......................................... Clifford Avenue.
JOHN B. K ILEY......................................
Powers Building.
ASSETS.

Loans on bond and mortgage ..........................................................
Cash on hand and in bank..-............................................................
Furniture and fixtures........................................................................

$53,250 00
2,764 78
50 00
$56,064 78

L IA B IL IT IE S .

Due shareholders, instalment shares...............................................
Dividends credited ..............................................................................
Earnings undivided ............................................................................
Contingent fund (as per section 225 of Banking L a w )............




$46,500
6 , 280
1, 848
1,435

74
60
44
00

$56,064 78

200

R eport on S a y in g s a n d L o an A ssociations .
r e c e ip t s .

Cash on hand January 1, 1912.........................................
Dues on instalment shares credited to members............................
Mortgages redeemed, foreclosed ortransferred to real estate..
Fees re ce iv e d .........................................................................................
Fines received .......................................................................................
Interest re ce iv e d ...................................................................................
Premium receiv ed .................................................................................

$1,347 43
32,153 49
7,700 00
37 00
4 00
2 , 738 50
695 05
$44,675 47

DISBURSEMENTS.

Loaned on mortgage ...............................................................
Instalment dues repaid on withdrawal, orapplied on loans..
Dividends paid on withdrawal, or applied on loans...................
Paid salaries and clerk -h ire..............................................................
Paid advertising, printing and postage..........................................
Paid r e n t ...............................................................................................
Paid banking department, assessm ent............................................
Officers’ b o n d s ......................... .'...........................................................
Repairing s a f e .......................................................................................
Cash on hand December 31, 1912....................................................

$11,850 00
28,492 65
1,129 00
362 85
33 35
25 00
3 84
8 00
6 00
2, 7641 78
$44,675 47

Plan, permanent. Par value of shares, $100 and $200. Instalments are
10 cents and 25 cents weekly.
Shares in force January 1, 1912, 1,188; shares issued during the year, 370;
shares withdrawn during the year, 265; shares in force, 1,293. Borrowing
members, 34, holding 277 shares; non-borrowing members, 216, holding
1,016 shares. Female shareholders, 98, holding 479 shares. Total dividends
credited members during the year on instalment shares, $2,670.25; rate, 7
per cent.
No unpaid withdrawals. Entrance or membership fee, 10 cents per share.
Operating expenses, as defined in section 227 of the Banking Law, incurred
and paid during the year, $435.20. Unpaid, none.
Premium plan, instalment. Interest paid by borrowing members, 5
per
cent. Premium paid by borrowing members, 5 cents per $200 share per week.
Loans have been made in Monroe county, New York State. Largest mort­
gage loan outstanding, $3,200. Mortgages in force in New Y ork State,
$53,250. No foreclosures during the year.

y
B

WADSWORTH DIME BANKING, AID AND LOAN ASSOCIATION.
No. 576 Hudson avenue, Rochester, N. Y.
[Organized under Law of 1851.
Officers.
President....................
Secretary ...................
Treasurer .................
Attorney ...................

Commenced business 1887.]

Names.
HENRY J. SIMMELINK....................
GEORGE STURMER ..........................
JOSEPH P. RIBSTEIN........................
GEORGE STURMER............................

Post-office addresses.
196 Hudson Avenue.
954 Clifford Avenue.
81 Huntington Park.
954 Clifford Avenue.

ASSETS.

Loans on bond and mortgage............................................................
Cash on hand and in bank................................................................
Furniture and fixtures.........................................................................




$46,100 00
923 86
40 00

$47,063 86

M onroe C o u n t y .

2 01

LIABILITIES.

Due shareholders, instalment shares.............................................
Due shareholders, income shares ....................................................
Dividends credited ..............................................................................
Earnings undivided ............................................................................
Contingent fund (as per section 225 of Banking L a w ).............

$20,911
19,100
2, 906
1, 945
2,200

95
00
85
06
00

$47,063 86
RECEIPTS.

Cash on hand January 1, 1912..........................................................
Dues on instalment shares credited to members...........................
Dues on income shares........................................................................
Money borrowed ..................................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Fees received ........................................................................................
Interest r eceiv ed ..................................................................................
Premium receiv ed ................................................................................

$1,932
16,278
5,022
1, 000
7,700
26
2,121
1, 084

66

25
50
00
00
50
45
55

$35,165 91
DISBURSEMENTS.

Loaned on mortgage ..........................................................................
Instalment dues repaid on withdrawal, or applied on loa n s...
Dividends paid on withdrawal, or applied on loans...................
Cash dividends paid on income and accumulative prepaid
sh a re s..................................................................................................
Paid borrowed money and prior mortgages ...............................
Paid interest on borrowed money andprior mortgages.............
Paid salaries and clerk-hire.............................................................
Paid banking department, examination ......................................
Paid banking department, assessment ..........................................
Cash on hand December 31, 1912.....................................................

$13,100 00
16, 770 85
1,976 10
919 85
1 , 000 00

10
442
20
3
923

00
00
00
25
86

$35,165 91

Plan, permanent. Par value of shares, $100. Instalments are 10 cents
weekly.
Shares in force January 1 , 1912, 1,097; shares issued during the year,
265; shares withdrawn during the year, 186; shares in force, 1,176. Bor­
rowing members, 28, holding 461 shares; non-borrowing members, 68 , holding
715 shares. Female shareholders, 24, holding 248 shares. Total dividends
credited members during the year on instalment shares, $1,539.70; rate, 8
per cent. Total dividends credited or paid in cash to members during the
year on other shares, $919.85; rate, 6 per cent.
No unpaid withdrawals. Entrance or membership fee, 10 cents per share.
Operating expenses, as defined in section 227 of the Banking Law, incurred
and paid during the year, $442. Unpaid, none.
Premium plan, instalment. Interest paid by borrowing members, 5
per
cent. Premium paid by borrowing members, 5 cents per share per week.
Loans have been made in Monroe county, New York State. Largest mort­
gage loan outstanding, $3,000. Mortgages in force in New York State, $46,100.
No foreclosures during the year.




y
5

202

K epobt on S a v in g s a n d L o an A ssociations ,
WESTERN SAVINGS AND LOAN ASSOCIATION.
No. 232 Pierpont street, Rochester, N. Y.
[Organized nnder Law of 1892.

Officers.
Vice-President.............
Secretary ..................
Treasurer .................
Attorney ...................

Commenced business 1894.]

Names.
Post-office addresses.
THOMAS A. SMYTH..................................... Rochester, N. Y.
E. C. STEPHENS......................................... Rochester, N. Y.
E. C.. STEPHENS......................................... Rochester, N. Y.
RICHARD E. W H ITE................................... Rochester, X. Y.
ASSETS.

Cash on hand and in bank................................................................

$549 29
-»

LIABILITIES.

Earnings undivided ............................. .■
.............................................
Withdrawal certificates ....................................................................
Interest reserved ...................................................................................

$324 41
58 88
166 00
$549 29

RECEIPTS.

•

Cash on hand January 1, 1912........................................................
Interest receiv ed ...................................................................................

$540 78
21 51
90

DISBURSEMENTS.

—

■ --------

Interest reserved..................................................................................
Withdrawal certificates ......................................................................
Undivided profits .................................................................................
Cash on hand December 31, 1912....................................................

$5
5
3
549

00
00
00
29

$562 29
Plan, serial. Par value of -shares, $100. Instalments are 25 cents, 50
cents and $1 monthly.
Shares in force January 1, 1912, none; shares issued during the year, none;
shares withdrawn during the year, none; shares in force, none.
No unpaid withdrawals. Operating expenses, as defined in section 227 of
the Banking Law, incurred and paid during the year; none. Unpaid, none.
N o mortgage loans outstanding. No foreclosures during the year.

NASSAU COUNTY.
HEMPSTEAD CO-OPERATIVE BUILDING AND LOAN ASSOCIATION.
No. 68 Main street, Hempstead, N. Y.
[Organized under Law of 1851.
Officers.
President....................
S ecretary...................
Treasurer .................
Attorneys.....................

Commenced business 1889.]

Names.
Post-office addresses.
S. ALONZO SMITH................................
Hempstead, N. Y.
GEORGE H. BAUKNEY..........................
Hempstead; N. Y.
WILLIAM PLYER ...................................
Hempstead, N. Y.
ROBERT & A. H. SEABURY...............
Hempstead, N. Y.
ASSETS.

Loans on bond and m ortgage............................................................ .
Loans on shares ..................................................................................
Cash on hand and in hank................................................................
Furniture and fixtures........................................................................
Instalments due and unpaid........................................
Interest, premium, fees and fines due and unpaid..




$167,720
11, 739
7,844
131

00
00
59
00

$1,558.00
659.11

$187,434 59

N

assau

C ounty.

203

LIABILITIES.

Due shareholders, instalment shares...............................................
Due shareholders, savings shares......................................................
Due shareholders, income shares..................
Dividends credited ..............................................................................
Earnings undivided ............................................................................
Contingent fund (as per section 225 of Banking L a w )..........
Deposits by borrowers........................................................................

$147,651
361
800
31,758
4, 555
2,283
25

00
00
00
23
80
56
00

$187, 434 59
RECEIPTS.

Cash on hand January 1, 1912..........................................................
Dues on instalment shares credited to members...........................
Dues on savings shares......................................................................
Dues on income shares........................................................................
Money borrowed ..................................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares repaid......................................................................
Fees received .........................................................................................
Fines received ......................................................................................
Interest received ..................................................................................
Premium received ..............................................................................
Deposits by borrowers....................................... ..................................

$2, 116 30
28, 738 00
246 00
400 00
5, 000 00
6,680 00
3,882 00
64 00
255 18
9,155 56
1, 300 32
175 00
$58,012 36

DISBURSEMENTS.

Loaned on mortgage............................................................................
Loaned on shares ................................................................................
Instalment dues repaid on withdrawal, orapplied on loans..
Paid savings shares ............................................................................
Paid income shares ............................................................................
Dividends paid on withdrawal, or applied on loans.....................
Cash dividends paid on income and accumulative prepaid
s h a r e s .................................................................................................
Paid matured shares ........................................................................
Paid borrowed money and prior mortgages...............................
Paid interest on borrowed money and prior mortgages..............
Paid salaries and clerk-hire ............................................................
Paid advertising, printing and postage...........................................
Paid r e n t ...........................
Paid banking department, assessm ent...........................................
State League dues ..............................................................................
Appraisal fees ......................................................................................
Deposits returned ...............................................................................
Attorney f e e s ........................................................................................
B o o k s .......................................................................................................
Cash on hand December 31, 1912......................................................

$17, 920
5, 124
12,018
162
250
3,495

00
00
00
00
00
99

23
2, 880
7,000
87
598
17
60
12
5
35
25
415
37
7,844

00
00
00
48
00
94
00
86
50
00
00
50
50
59

$58,012 36
Plan, serial. Par value of shares, $200 and $240. Instalments are $1
monthly.
Shares in force January 1, 1912, 2,335; shares issued during the year,
334; shares withdrawn during the year, 258; shares in force, 2,411. Bor­
rowing members, 151, holding 1,008 shares; non-borrowing members, 275,
holding 1,403 shares. Female shareholders, 178, holding 732 shares. Total
dividends credited members during the year on instalment shares, $9,090.56;
rate, 5 76/100 per cent. Total dividend credited or paid in cash to members




204

R eport on S a y in g s a n d L o an A ssociations .

during the year on other shares, $32.67; rate, 4 per cent. Total dividends for­
feited by withdrawing members during the year, $388.01.
No unpaid withdrawals. Amount of shares matured during the year,
$2,880. Entrance or membership fee, $1 per member. Operating expenses,
as defined in section 227 of the Banking Law, incurred and paid during the
year, $718.94. Unpaid, none.
Premium plan, instalment. Interest paid by borrowing members, 5 per
cent. Premium paid by borrowing members, 1 per cent.
Loans have been made in Nassau county, New York State. Largest mortgage
loan outstanding, $3,840. Mortgages in force in New York State, $167,720.
No foreclosures during the year.

PORT WASHINGTON BUILDING AND LOAN ASSOCIATION OF QUEENS
COUNTY, N. Y.
Port Washington, N. Y.
[Organized under Law of 1851.
Officers.
President....................
Secretary ...................
Treasurer .................
Attorney ...................

Commenced business 1891.]

Names.
Post-office addresses.
CHARLES F. LEW IS.......................... Port Washington, N. Y.
CHARLES E. HYDE........................... Port Washington, N, Y.
ALFRED C. BAYLES......................... Port Washington, N. Y.
ALLEN PERCY BAXTER................. PortWashington, N. Y.
ASSETS.

Loans on bond and m ortgage............................................................
Loans on shares.....................................................................................
Cash on hand and in bank................................................................
Furniture and fixtures........................................................................
Advances for taxes, insurance, etc...................................................
Instalments due and unpaid........................................
Interest, premium, fees and fines due and unpaid..

$1,751.00
1,472.TO

$129,800
7,025
. 16,296
153

00
00
83
19

10 00

$153,285 02
LIABILITIES.

Due shareholders, instalment shares................................................
Dividends credited ..............................................................................
Balance to be paid borrowers on mortgage loans.......................
Earnings undivided .............................................................................
Contingent fund (as per section 225 of Banking L a w )..........

$113,388
28, 263
4, 300
4, 765
2,567

00
24
00
95
83

$153,285 02
RECEIPTS.

Cash on hand January 1, 1912..........................................................
Dues on instalment shares credited to members.........................
Mortgages redeemed, foreclosed or transferred to real estate.. .
Loans on shares r e p a id ......................................................................
Fees received .........................................................................................
Fines received .......................................................................................
Interest received ...............................................................................
Premium rece iv e d .................................................................................
Advances repaid ...................................................................................

$9,399 68
24, 447 00
26, 400 00
750 00
41 50
356 37
6 , 628 88
2, 741 30
24 00
$70,788 73

DISBURSEMENTS.

Loaned on mortgage ...........................................................................
Loaned on shares...................................................................................
Instalment dues repaid on withdrawal, or applied on lo a n s .. .




$26, 900 00
5,125 00
16, 322 00

N assau C o u n t y .
Dividends paid on withdrawal, or applied on loans...................
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage...........................................
Paid r e n t ................................................................................................
Paid banking department, examination.........................................
Paid banking department, assessm ent...........................................
State League dues ..............................................................................
Return of overpaid subscription........ ............................................
Cash on hand December 31, 1912........................................................

205

$5,259 28
660 00
86 48
75 00
44 22
10 42
5 50
4 00
16,296 83
$70,788 73

Plan, serial. Par value of shares, $200. Instalments are $1 monthly.
Shares in force January 1, 1912, 2,003; shares issued during the year,
445; shares withdrawn during the year, 271; shares in force, 2,177. Bor­
rowing members, 54, holding 698 shares; non-borrowing members, 178, hold­
ing 1,479 shares. Female shareholders, 93, holding 712 shares. Total divi­
dends credited members during the year on instalment shares, $8,862.94;
rate, 6 9/10 per cent. Total dividends forfeited by withdrawing members dur­
ing the year, $757.45.
No unpaid withdrawals. Entrance or membership fee, $1 per member.
Operating expenses, as defined in section 227 of the Banking Law, incurred
and paid during the year, $826.98. Unpaid, none.
Premium plan, instalment. Interest paid by borrowing members, 5 per
cent. Premium paid by borrowing members, 35 cents per share per month.
Loans have been made in Nassau and Queens counties, New York State.
Largest mortgage loan outstanding, $5,000. Mortgages in force in New York
State, $129,800. No foreclosures during the year.

ROCKVILLE CENTRE SAVINGS AND LOAN ASSOCIATION.
No. 76 Village avenue, Rockville Centre, N. Y.
[Organized
Officers.
President....................
Secretary ..................
Treasurer .................

under Law of 1851. Commenced business 1889.]
Names.
Post-office addresses.
O. BYRON* LATIMER........................
Rockville Centre, N. Y
NELLIE P. O’N EILL........................
Rockville Centre, N. Y.
WILLIAM H. CONNELL..................
Rockville Centre, N. YASSETS.

Loans on bond and m ortgage............................................................
Loans on sh a res...................................................................................
Cash on hand and in bank................................................................

$22,350 00
2,228 37
700 46
$25,278 83

LIABILITIES.

Due shareholders, instalment shares...............................................
Dividends credited
..........................................................................
Earnings undivided ............................................................................
Contingent fund (as per section 225 o f Banking L a w )..........

$18,544
4,254
979
1,500

23
67
93
00

$25,278 83
RECEIPTS.

Cash on hand January 1, 1912..........................................................
Dues on instalment shares credited to members.........................
Money borrowed ..................................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares repaid......................................................................




$4, 316
7,571
1,500
4,500
9,003

99
16
00
00
38

20 6

R eport on S a v in g s a n d L o an A ssociations .

Fees received .........................................................................................
Interest received .................................................................................
Premium rece iv e d ................................................................................

$4 00
1,657 15
220 77

$28,773 45
D ISB U R SEM E N TS.

Loaned on m ortg a g e...........................................................................
Loaned on shares . . .
..................................................................
Instalment dues repaid on withdrawal, or applied on loans..
Dividends paid on withdrawal, or applied on loans...................
Paid matured shares ........................................................................
Paid borrowed money and prior mortgages...................................
Paid interest on borrowed money and prior mortgages..............
Paid salaries and clerk-hire............................................................ ;
Paid advertising, printing and postage.........................................
Paid r e n t ...............................................................................................
Paid banking department, assessment...........................................
Cpsh on hand December 31, 1912........ .'...........................................

$8,700
4,005
10,574
2,154

00
00
20

92

1 ,0 0 2 40

1,500 00
45 26
50 00
3 96
35 00
2 25
700 46
$28,773 45

Plan, permanent. Par value of shares, $200. Instalments are $1 monthly.
Shares in force January 1, 1912, 333; shares issued during the year, 54;
shares withdrawn during the year, 67; shares in force, 320. Borrowing
members, 8 , holding 112 shares; non-borrowing members, 41, holding 208
shares.
Female shareholders, 2 0 , holding 150 shares.
Total dividends
credited members during the year on instalment shares, $2,324.32; rate, 6
per cent. Total dividends forfeited by withdrawing members during the
year, $47.70.
No unpaid withdrawals. Amount o f shares matured during the year,
$1,002.40. Entrance or membership fee, $1 per member. Operating expenses,
as defined in section 227 of the Banking Law, incurred and paid during the
year, $88.96. Unpaid, none.
Premium plan, instalment. Interest paid by borrowing members, 6 . per
cent. Premium paid by borrowing members, 18 cents per share per month.
Loans have been. made in Nassau county, New York State.
Largest
mortgage loan outstanding, $4,100. Mortgages in force in New York State,
$22,350. No foreclosures during the year.

NEW YORK COUNTY.
AMERICAN CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION.
No. 147 East 125th street, New York, N. Y.
[Organized under Law of 1887.
Officers.
P resident....................
Secretary ..................
Treasurer .................
Attorney ...................

Commenced business 1888.
Laws of 1894.]

Names.
DAVID ALLAN................................
ARCHIBALD W. MCEWAN.........
GEORGE J. ELLIOTT..................
MARTIN S. COHEN......................

Reorganized under

Post-office addresses.
1044 Fox Street.
2161 Bathgate Avenue.
Ridgefield Park, N. J.
302 Broadway. .

ASSETS.

Loans on bond and m ortgage........................................... ................
Loans on sh a re s...................................................................................
Cash on hand and in bank................................................................




$40,250 00
1,380 00
736 98
$42,366 98

!Ne w Y o r k C o u n t y .

207

LIABILITIES.

Due shareholders, instalment shares ...........................................
Due shareholders, income shares.....................................................
Dividends credited ............................................................... ’ ............
Balance to he paid borrowers on mortgage loans.......................
Borrowed money ............................................................................ ...
Earnings undivided ............................................................................
Contingent fund (as per section 225 of Banking L a w )..........
Deposit on loans..................................................................................

$25,243
6 , 200
3,269
3,200
1 ,975
895
1,558
25

75
00
88

00
00

35
00
00

$42,366 98
RECEIPTS.

Cash on hand January 1, 1912........................................................
Dues on instalment shares creditedto members...........................
Money borrowed ..................................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares repaid......................................................................
Fines received ......................................................................................
Interest received ................................................................................
Deposit on loans..................................................................................

$2,942
7,674
700
3,900
950
3
2,258
30

34
75
00
00
00
44
19
00

$18,458 72
DISBURSEMENTS.

Loaned on m ortg a g e.................................................... ......................
Loaned on sh a res.................................................................................
Instalment dues repaid on withdrawal, or applied on loa n s.. .
Paid income shares ............................................................................
Dividends paid on withdrawal, or applied on loans...................
Cash dividends paid on income and accumulative prepaid
shares .................................................................................................
Paid interest on borrowed money and prior mortgages..........
Paid salaries and clerk-hire. . . ; ......................................................
Paid advertising, printing and postage.........................................
Paid rent ..............................................................................................
Paid hanking department, examination..........................................
Paid banking department, assessment .........................................
Office expenses ....................................................................................
Deposit on loans..................................................................................
Cash on hand December 31, 1912......................................................

$9,300
1,675
4, 784
600
310

00
00
00
00
63

320 83
106 16
200 00
5830
240 00
12 00
2 82

82 00
30 00
736 98
$18,458 72

Plan, permanent. Par value of shares, $200. Instalments are $1 monthly.
Shares in force January 1, 1912, 736%; shares issued during the year, 199;
shares withdrawn during the year, 8 6 ; shares in force,' 849%. Borrowing
members, 20, holding 156% shares-; non-borrowing members, 110, holding 693
shares. Female shareholders, 26, holding 134 shares. Total dividends credited
members during the year on instalment shares, $922.51; rate, 5 per cent.
Total dividends credited or paid in cash to members during the year on other
shares, $320.83; rate, 5 per cent. Total dividends forfeited by withdrawine
members during the year, $38.95.
No unpaid withdrawals. Operating expenses, as defined in section 227 of
the Banking Law, incurred and paid during the year, $580.30. Unpaid, non-.
No premium plan. Interest paid by borrowing members, 6 per cent. No
premium charged.
Loans have been made in New York, Kings, Queens, Richmond and West­
chester counties, New York State, and in New Jersey. Largest mortgage
loan outstanding, $4,700. Mortgages in force in New York State, $31,050.
No foreclosures during the year.




208

R eport on S a v in g s a n d L o an A ssociations .

BANE CLERKS' CO-OPERATIVE BUILDING AND LOAN ASSOCIATION
OF NEW YORK CITY.
No. 26 Broadway, New York, N. Y.
[Organized under Law o f 1851.
Officers.
President....................
Secretary ...................
Treasurer .................
Attorney ...................

Commenced business 1890.]

Names.
WILLIAM J. NEVIUS...........
CHARLES S. GAUBERT____
WILLIAM H. JUDSON...........
HERBERT REEVES ................

Post-office addresses.
S. Orange. N. J.
Box 25, Sta. W, Brooklyn.
26 Broadway.
55 Liberty Street.

ASSETS.

Loans on bond and mortgage............................................................
Loans on sh a res.......................................... .........................................
Contracts for the sale of real estate................................................
Cash on hand and in bank............................................................ ..
Advances for taxes, insurance, etc....................................................
Accrued interest ...................................................................................
Instalments due and unpaid...........................................
Interest, premium, fees and fines due and unpaid..

$733,600
47,057
8,652
15,297
945
3,850

00
00
36
28
88
66

$271.00
303.71

$809,403 18
LIABILITIES.

Due shareholders, instalment s h a r e s ....................... ......................
Due shareholders, income shares ....................................................
Dividends credited ...............................................................................
Balance to be paid borrowers on mortgage loans.......................
Earnings undivided .............................................................................
Contingent fund (as per section 225 of Banking L a w )...........
Deposits to secure loans....................................................................

$542,166
121,500
96, 498
35,050
1,723
12,000
465

00
00
07
00
91
00
20

$809,403 18
RECEIPTS.

Cash on hand January 1, 1912........................................................
Dues on instalment shares credited to members.......................
Dues on income shares ....................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares repaid......................................................................
Real estate sold...................................................................................
Fines received ...........................................................
Interest received .................................................................................
Advances repaid ...........................................................
Deposits to secure loans....................................................................

$12,277 05
164,153 00
40,900 00
54,200 00
40,335 O
O
752 35
103 79
41,821 68
160 00
1,713 09
$356,415 96

DISBURSEMENTS.

Loaned on m ortg a g e...........................................................................
Loaned on sh a re s.................................................................................
Instalment dues repaid on withdrawal, or applied on loa n s..
Paid income shares .............................................................................
Dividends paid on withdrawal, or applied on loans...............
Cash dividends paid on income and accumulative prepaid
s h a r e s ..................................................................................................
Paid matured shares ........................................................................
Paid borrowed money and prior mortgages...............................
Paid interest on borrowed money and prior mortgages.............
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage.......................................




$142,750
36,959
84,158
6 ,100
9,145

00
00
00
00
12

6,427
30,001
20,000
184
2,150
507

67
01
00
72
00
02

209

N ew Y oke C ounty.
Paid banking department, examination.........................................
Paid banking department, assessment ..................
Officers’ bonds ......................................................................................
Advances for taxes, insurance, etc.................................................
A u d ito r s ..................... '......................................... .................................
Directors’ fees ................................................... . ..............................
Safe deposit vault .............................................................
General expenses ................................................................................
Deposits to secure loans repaid........................................................
Cash on hand December 31, 1912.....................................................

$60
52
24
159
75
733
50
151
1,430
15,297

00

42
00
86

00
00
00

67
19
28

$356,415 96
Plan, serial. Par value of shares, $200. Instalments are $1 monthly.
Shares in force January 1, 1912, 13,492%; shares issued during the year,
4,334% ; shares withdrawn during the year, 3,168% ; shares in force, 14,658%.
Borrowing members, 191, holding 3,660 shares; non-borrowing members, 1,572,
holding 10,998% shares. Female shareholders, 484, holding 3,471 shares.
Total dividends credited members during the year on instalment shares,
$30,703.37; rate, 5% per cent. Total dividends credited or paid in cash to
members during the year on other shares, $6,427.67; rate, 5 per cent. Total
dividends forfeited by withdrawing members during the year, $1,437.63.
No unpaid withdrawals. Amount of shares matured during the year,
$30,001.01. Operating expenses, as defined in section 227 o f the Banking Law,
incurred and paid during the year, $3,690.69. Unpaid, none.
N o premium plan. Interest paid by borrowing members, 6 per cent. No
premium charged.
Loans have been made in Kings, Nassau, New York, Queens, Eichmond.
Suffolk and Westchester counties, New York State, and in Connecticut and
New Jersey. Largest mortgage loan outstanding, $12,000. Mortgages in
force in New York State, $309,750. No foreclosures during the year.

BANKERS’ LOAN AND INVESTMENT COMPANY.
Nos. 74 and 76 W all street, New York, N. Y.
[Organized under Law o f 1851.
Officers.
President....................
Secretary ..................
Treasurer .................
Attorney ...................

Commenced business 1890.]

Names.
Post-office addresses.
CLARENCE W. CLARK.................................. 74 Wall Street.
JOHN C. TEN EYCK..................................... 74 Wall Street.
CLARENCE W. CLARK.................................. 74 Wall Street.
JOHN C. TEN EYCK..................................... 74 Wall Street.
ASSETS.

Loans on bond andm ortgage..............................................................
Loans on shareb....................................................................................
Stocks and bonds..................................................................................
Real e s ta te .............................................................................................
Cash on hand and in bank...............................................................
Furniture and fixtures........................................................................
Interest, premium, fees and fines due and unpaid.......................
Advances for taxes* insurance, etc.................................................’
Real estate rentals
...........................................................................
J u d g m en t...............................................................................................




$190,907 51
3,612 88
6 ,8 6 8 75
644,166 93
4,137 97
3 , 332 48
3,288 24
417 88

27 58
614 64
$857,374 86

210

R eport on S a v in g s a n d L oan A ssociations .
L IA B IL IT IE S .

Due shareholders, instalment shares................................................
Due shareholders, income shares..................................... ..............
Dividends credited ................................................................
Prior mortgages ...................................................................................
Borrowed m o n e y ...................................................................................
Earnings undivided ................................... * ......................................
Contingent fund (as per section 225 of Banking L a w )...............
Interest payable ...................................................................................
Due agents .............................................................................................
Taxes due .............................................................................................
Insurance reserve .................................................................................
Real estate expense...............................................................................

$44,110
647, 000
8,964
73, 000
36, 500
32, 938
6 , 683
1 , 574
678
114
5, 519
292

49
00
10
00
00

38
04
05
94
41
01
44

$857,374 86
RECEIPTS.
Cash on hand January 1, 1912........................................................
$13,622 11
Dues on instalment shares credited to members...........................
8,528 52
1,000 00
Dues on income shares........................................................................
Prior mortgages ..................................................................
11,500 00
Money borrowed ...................................................................................
11,120 00
Mortgages redeemed, foreclosed or transferred to real estate..
39,300 48
3, 776 00
Loans on shares repaid......................................................................
Real estate sold.....................................................................................
7, 644 01
Fees received .........................................................................................
42 75
Fines received .....................................................................................
12 55
Interest r e ce iv e d ...................................................................................
4, 388 39
Premium rece iv e d ......................................... '......................................
12,399 98
Rent re ce iv e d .........................................................................................
35, 961 18
Expense returned .............................................
333 76
Advances repaid ...................................................................................
701 44
Real estate expense r e tu rn e d ............................................................
1,162 39
Profit and loss item s............................................................................
2, 489 66
Instalment stock dividend ................................................................
1, 479 23
1, 481 01
Furniture and fixtures ......................................................................
Real estate to profit and loss............................................................
16,345 97
From a g e n ts ...........................................................................................
3, 286 00
Miscellaneous accounts ......................................................................
200 00
Suspense .................................................................................................
5,892 97
Petty cash .............................................................................................
38 84
Insurance reserve .................................................................................
991 96
Contingent fund ...................................................................................
301 20
D ivid en d s................................................................................................
96 25
Guarantors’ p r o fits .....................................................................................
2,82705
Cash tr a n s fe r .........................................................................................
179 25
$187, 102 95
DISBURSEMENTS.

Loaned on mortgage ........................... .,...........................................
Loaned on shares ................................................................................
Instalment dues repaid on withdrawal, or applied on lo a n s ...
Paid income shares ............................................................................
Dividends paid on withdrawal, or applied on loans...................
Cash dividends* paid on income and accumulative prepaid
s h a r e s ........................................................ .................................•
Paid borrowed money and prior mortgages............................. .. .
Paid interest on borrowed money, and prior mortgages........ . .
Paid for real estate.. .. ; ..................................... ............................
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage...........................................




$19,450 04
5, 586 00
2,717 88
9,100 00
31086
12,169 39
30.670 00
8 , 524 54
26, 081 62
7,695 11
452 64

2 11

N e w Y ork C o u n ty.
Paid rent ...............................................................................................
Paid repairs to real estate................ ...............................................
Paid taxes, insurance, etc...................................................................
Paid banking departm ent..................................................................
Legal expenses .....................................................................................
Advances for taxes, insurance, etc...................................................
Sundry operating expenses..................................................................
Profit and loss item s..........................................................................
Furniture and 'fixtures ......................................................................
Agents .....................................................................................................
Miscellaneous accounts ......................................................................
Suspense............................................................................................. ; .
Petty cash .............................................................................................
Insurance reserve ................................................................................
D ividends...............................................................................................
Cash tr a n s fe r ........................................................................................
Ju dgm en ts...................... 1
......................................... ; ..........................
Cash on hand December 31, 1912.......................................................

$600
6,703
10, 974
166
3, 624
1, 066
2,542
14, 561
3,495
2,622
200
8, 351
37
63
4, 402
179
614
4,137

00
32
79
39
04
27
24
02
99
99
00
79
74
90
53
25.
64
97

$187,102 95
Plan, permanent. Par value of shares, $100. Instalments are 5 cents to
70 cents monthly.
Shares in force January 1, 1912, 9,942; shares issued during the year,
661; shares withdrawn during the year, 814%; shares in force, 9,788%.
Borrowing members, 36, holding 1,650% shares; non-borrowing members,
692, holding 8,138 shares. Female shareholders, 313, holding 2,722 shares.
Total dividends credited members during the year on instalment shares,
$1,479.23; rate, 6 per cent. Total dividends credited or paid in cash to mem­
bers during the yea! on other shares, $6,485.55; rate, 5 per cent. Total divi­
dends forfeited by withdrawing members during the year, $15.64.
Amount of filed and unpaid withdrawals December 31, 1912, $500. En­
trance or membership fee, 25 cents per share. Operating expenses, as de­
fined in section 227 of the Banking Law, incurred and paid during the year,
$10,859.28. Unpaid, none.
Premium plan, premium-interest. Interest and premium paid by borrowing
members, 50 cents to 66 % cents per share per month.
Loans have been made in Kings, New York and Westchester counties, New
York State, and in Texas and Virginia, largest mortgage loan outstanding,
$17,000. Mortgages in force in New York State, $178,211.73. One foreclosure
during the year.
BROADWAY DRY GOODS CO-OPERATIVE BUILDING AND LOAN
ASSOCIATION.
No. 320 Broadway, New York, N. Y.
[Organized under Law of 1851.
Officers.
President....................
Secretary ..................
Treasurer .................
Attorney ...................

Commenced business 1888.]

Names.
H. C. PLACE..............................
J. G. CARYL..............................
L. J. PARR, JR.......................
WALTER L. DURACK...........

Post-office addresses.
31 E. 17th Street
80 South Street, N. Y. C.
Ridgewood, N. J.
215 Montague St., Brooklyn.

ASSETS.

Loans on bond and mortgage........................................................
Loans on shares ..................................................................................
Cash on hand and in bank................................................................
Interest, premium, fees and fines due and unpaid.......................




$29,800
465
1,112
100

00
50
22
97

$31,478 69

212

R epoet on S a v in g s a n d L o an A ssociations .
LIABILITIES.

Due shareholders, instalment shares................................................
Due shareholders, income shares.....................................................
Dividends c r e d ite d ............................
Borrowed money .................................................................................
Earnings undivided .............................................................................
Contingent fund (as persection 225 o f Banking L a w ).............
Suspense account .................................................................................
Interest due ...........................................................................................

$18, 504
5,200
4,332
2 , 000
285
1,055

15
00
70
00
38
47
6 00
94 99

$31,478 69
RECEIPTS.

Cash on hand January 1, 1912..........................................................
Dues on instalment shares credited to members...........................
Dues on income s h a r e s .......................................................................
Money borrowed .................................................................. ................
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares repaid........................................................................
Fines received .......................................................................................
Interest r e ce iv e d ...................................................................................
Premium received ...............................................................................
Rent r e ce iv e d .........................................................................................
Advances repaid ...................................................................................
Fire loss .................................................................................................
Special deposit .....................................................................................

$1,246
4,210
3 , 000
10, 000
11,500
327
9
2, 051
406
67
26
512
55

46
03
00
00
00

50
08
31
90
50
65
79
00

$33,413 22
DISBURSEMENTS.

Loaned on mortgage ..........................................................................
Loaned on shares .................................................................................
Instalment dues repaid on withdrawal, or applied on lo a n s ...
Paid income shares .............................................................................
Dividends paid on withdrawal, or applied on loans...................
Cash dividends paid on income and accumulative prepaid
sh a re s...................................................................................................
Paid borrowed money and prior mortgages...................................
Paid interest on borrowed money and prior mortgages...............
Paid salaries and clerk-hire...................................................
Paid advertising, printing and postage............................................
Paid r e n t ................................................................................................
Paid taxes, insurance, etc..................................................................
Paid banking department, examination ........................................
Paid banking department, assessment............................................
Officers’ bonds .......................................................................................
Special deposits ...................................................................................
Fire l o s s ..................................................................................................
Undivided profits .................................................................................
Sundry expenses ...................................................................................
Cash on hand December 31, 1912......................................................

$1, 800 00
425 00
8,718 96
500 00
2,801 52
193
16,000
296
454
122
240
26
16
3
20
55
512
7
108
1,112

33
00
53
42
43
00
00
00
17
00
00
79
25
60
22

$33,413 22
Plan, serial. Par value of shares $100 and $250. Instalments are 40 cents
and $1 monthly.
Shares in force January 1, 1912, 48 2% ; shares issued during the year,
23 5% ; shares withdrawn during the year, 175; shares in force, 543. Bor­
rowing members, 11, holding. 172 shares; non-borrowing members, 49, holding
371 shares. No record of female shareholders. Total dividends credited mem­
bers during the year on instalment shares, $1,109.12; rate, 5 per cent. Total
dividends credited or paid in cash to members during the year on other
shares, $193.33; rate, 5 per cent.




213

N ew Y ork C o u n ty.

No unpaid withdrawals. Operating expenses, as defined in section 227 of the
Banking Law, incurred and paid during the year, $877.95. Unpaid, none.
Premium plan, instalment. Interest paid by borrowing members, 6 per
cent. Premium paid by borrowing members, 10 cents and 25 cents per share
per month.
Loans have been made in New York and Queens counties, New York State,
and in New Jersey. Largest mortgage loan outstanding, $5,800. Mortgages in
force in New York State, $12,750. •No foreclosures during the year.

CITIZENS’ SAVINGS AND LOAN ASSOCIATION OP NEW YORK CITY.
No. 247 West 125th street, New York, N. Y.
[Organized under Law of 1851.
Officers.
President....................
Secretary ...................
Treasurer .................
Attorney ...................

Commenced business 1889.]

Names.
WILMORE ANWAY .
E. M. CUTLER...........
GUSTAVUS REHAHN
WILMORE ANWAY

Post-office addresses.
141 Broadway.
56 Pine Street.
72 Stone Ave., Yonkers.
141 Broadway.

ASSETS.

Loans on bond and mortgage ...................
Loans on shares..............................................
Real estate ......................................................
Cash on band and in bank...........................
Furniture and fixtures...................................

$81,639
1,900
2,403
1,827
300

57
00

03
86

00

$ 88 , 070 46
LIABILITIES.

Due shareholders, instalment shares ...........................................
Due shareholders, accumulative prepaid shares...........................
Dividends credited ............................................................................
Borrowed money ................................................................................
Earnings undivided ............................................................................
Contingent fund (as per section 225 of Banking L a w )...............
Exchange account ................................................................................

$26,346
52, 875
3,361
2,250
1 , 810
1, 426

73
00

95
00

13
06
59

$88,070 46
RECEIPTS.

Cash on hand January 1, 1912........................................................
Dues on instalment shares credited to members...........................
Dues on accumulative prepaid shares.............................................
Money borrowed ..................................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares repaid......................................................................
Fees received .........................................................................................
Fines received .......................................................................................
Interest received ................................................................................
Premium rece iv e d ................................................................................
E xch a n ge................................................................................................
Profit and loss account......................................................................
Contingent a c c o u n t..............................................................................
Individual a c c o u n t......................................................: ......................
Dividend account ................................................................................

$1,028
13,595
3,250
40, 950
11,203
1,300
16
59
4, 869
495
7
18
191
903
1,284

44
37
00

00
00
00
50
29
61
50
87
14
25
00
10

$79,172 07
DISBURSEMENTS.

Loaned on m o r tg a g e ............................. ............................................
Loaned on shares ................................................................................
Instalment dues repaid on withdrawal, or applied on loa n s.. . .




$1,000 00
200 00
17, 317 29

2H4

R eport on S a v in g s a n d L o an A ssociations .

Paid accumulative prepaid shares..................................................
Dividends paid on withdrawal, or applied on loans.....................
Cash dividends paid on income and accumulative prepaid
sh a re s..................................................................................................
Paid borrowed money and prior mortgages...............................
Paid interest on borrowed money and prior mortgages..........
Paid for real estate ..........................................................................
Paid salaries and clerk-hire ..........................
Paid advertising, printing and postage.........................................
Paid r e n t ................................................................................................
Paid banking department, examination .......................................
Paid banking department, assessm ent...........................................
Sundries...................................................................................................
E x ch a n g e.................................................................................................
Dividend account .................................................................................
Profit and loss to contingent account..............................................
Profit and loss to exchange account................................................
Contingent account .............................................................................
Special account .....................................................................................
Individual account ...............................................................................
Cash on hand December 31, 1912....................................................

$9, 500 00
1, 485 60
2, 568 17
40, 700 00
250 69
267 55
983 27
65 35
215 88
27 00
7 46
64 05
6 15
1, 284 10
191 25
217
296 08
9 15
903 00
1,827 86
$79,172 07

Plan, permanent. Par value of shares, $250. Instalments are 25 cents,
35 cents and 50 cents weekly. '
Shares in force January 1, 1912, 805; shares issued during the year, 8 8 ;
shares withdrawn during the year, 121; shares in force, 772. Borrowing
members, 51, holding 180 shares; non-borrowing members, 170, holding 592
shares. Female shareholders, 42, holding 164 shares. Total dividends credited
members during the year on instalment shares, $1,284.10; rate, 4
per cent.
Total dividends credited or paid in cash to members during the year on other
shares, $2,568.17; rate, 4% per cent.
No unpaid withdrawals. Entrance or membership fee, 25 cents per mem­
ber. Operating expenses, as defined in section 227 of the Banking Law, in­
curred and paid during the year, $1,330.72. Unpaid, none.
Premium plan, instalment. Interest paid by borrowing members, 5 Vs per
cent, and 6 per cent. Premium paid by borrowing members, 5 cents and 10
cents per share per week.
Loans have been made in Kings, New York, Rockland and Westchester
counties, New York State, and in New Jersey. Largest mortgage loan out­
standing, $6,000. Mortgages in force in New York State, $38,139.57. No
foreclosures during the year.

y
2

CO-OPERATIVE BUILDING BANK.
Nos. 23 and 25 East Twenty-sixth street, New York, N. Y.
[Organized under Law of 1851.

Commenced business 1890.]

Officers.
President....................
Secretary ...................

Names.
MINOT C. KELLOGG.............
ROBERT B. WALDO.............

Treasurer .................
Attorneys...................

CHARLES L. HEINS...........
LEXOW,
MACKELLAR
&
W ELLS....................................

Post-office addressee.
27 Park Row.
23 and 25 East Twenty-sixth
Street.
Glen Ridge, N. J.
43 Cedar Street.

ASSETS.

Loans on bond and mortgage............................................................
Loans on s h a r e s ...................................................................................
Contracts for the sale of real estate................................................
Real estate ...........................................................................................




$35,960
10,180
16,915
116,845

85
00
54
00

215

2Te w Y o r k C o u n t y .
Cash on hand and in bank................................................................
Furniture and fixtures........................................................................
Advances for taxes, insurance, etc.................................................
In d iv id u a ls............................................................................................

$2,703' 58
100 00
18 00
59
$182,723 56

LIABILITIES.

-.1 _

Due shareholders, instalment shares ...........................................
Due shareholders, savings shares .................................................
Due shareholders, accumulative prepaid shares...........................
Dividends credited ..........................................
Due shareholders, matured shares...................................................
Prior mortgages ................................................................................
Earnings undivided ............................................................................
Contingent fund (as per section 225 of Banking L a w )..........

■
:

$32,097
523
32,609
22,450
51,739
30,000
9, 790
3,513

77
15
89
12
00
00
13
50

$182,723 56
RECEIPTS.

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

Cash on hand January 1,1912..........................................................
Dues on instalment sharescredited to members.........................
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares repaid........................................................................
Real estate sold....................................................................................
Fees received ......................................................................................
Fines received ......................................................................................
Interest received ....................
Premium received . ; ..........................................................................
Rent received ......................................................................................
Advances repaid ................................................................
Land contracts ....................................................................................
Profit and loss......................................................................................
In dividu als............................................................................................

$1,783 96
796 20
8,807 75
450 00
2,700 00
36 61
52 61
2,226 84
1,071 80
2,566 75
17 00
8,076 59
1,063 50
60 21
$29,709 82

DISBU RSEM EN TS.

Loaned on mortgage............................................................................
Instalment dues repaid on withdrawal, or applied on loa n s..
Paid savings shares ..........................................................................
Paid accumulative prepaid shares.................................................
Dividends paid on withdrawal, or applied on loans...................
Cash dividends paid on income and accumulative prepaid
shares .................................................................................................
Paid matured shares ..................................
Paid interest on borrowed money and prior mortgages..........
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage.......................................
Paid rent ...................................................... '........................................
Paid repairs to real estate................................................................
Paid taxes, insurance, etc..................................................................
Paid banking department, examination .......................................
Paid banking department, assessment .........................................
Advances for taxes, insurance, etc...................................................
Land contracts ....................................................................................
In dividu als.........................................................................
Reserve for taxes, etc..................................... .................................
Profit and loss......................................................................................
Real estate expenses............................................................................
Legal expenses ....................................................................................
Sundry expenses .................................................................................
Cash on hand December 31, 1912......................................................




■------

$1,900
2,376
3
23
375

00
54
26
24
87

1,403
2,520
1,500
2,446
67
948
3,966
1,154
63
15
30
1,639
89
5, 406
18
665
301
91
2 , 703

74
03
00
00
59
41
34
99
00
03
50
95
08
22
00
13
66
66

58

$29, 709 82

2il6

R eport on S a y in g s a n d L o an A ssociations .

Plan, permanent. Par value of shares, $100. Instalments are 12 cents
weekly; 10 cents to $1 monthly.
Shares in force January 1, 1912, 3,213; shares issued during the year, none;
shares withdrawn during the year, 117% ; shares in force, 3,095%. Borrowing
members, 43, holding 421% shares; non-borrowing members, 244, holding
2,674 shares. Female shareholders, 82, holding 526 shares. Total dividends
credited members during the year on instalment shares, $851.47; rate, 4
per cent. Total dividends credited or paid in cash to members during the
year on other shares, $1,892.57; rate, 4 per cent. Total dividends forfeited
by withdrawing members during the year, $36.61.
Amount of filed and unpaid withdrawals December 31, 1912, $16,124.08.
Amount of shares matured during the year, $3,011.99. Entrance or member­
ship fee, $1 per member. Operating expenses, as defined in section 227 of the
Banking Law, incurred and paid during the year, $3,553.66. Unpaid, none.
Premium plan, gross, instalment, and premium-interest. Interest paid by
borrowing members, 5% to 6 per cent. Premium paid by borrowing members,
1 8 /1 0 per cent.
Loans have been made in Albany, Erie, Kings, Ulster and Westchester
counties, New York State, and in Connecticut and Pennsylvania. Largest
mortgage loan outstanding, $15,989. Mortgages in force in New York State,
$32,060.85. No foreclosures during the year.

CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION OF NEW YORK.
No. 14 Bible House, New York, N. Y.
[Organized under Law of 1851.
Officers.
P resident....................
Secretary ...................
Treasurer .................
A tto rn e y s...................

Commenced business 1888.]

Names.
Post-office addresses.
CHARLES STUART FOLSOM.................
14 Bible House.
GEORGE E. LANGE.................................. 14 Bible House.
WILFRED M. THOMPSON...................... 14 Bible House.
AUSTIN & McKOWON..............................
50 Church Street.
ASSETS.

Loans on bond and mortgage.....................................
Loans on sh a re s.............................................................
Contracts for the sale of real estate.......................
Cash on hand and in bank............................................
Furniture and fixtures..................................................
Interest, premium, fees and fines due and unpaid
Advances for taxes, insurance, etc.............................

$ 66,200 00

24, 983 00
1,975 29
3,521 74

1 00
535 39
141 54
$97,357 96

LIABILITIES.

Due shareholders, instalment shares ...........................................
Due shareholders, savings shares ..................................................
Due shareholders, income shares ....................................................
Balance to be paid borrowers on mortgage loans.......................
Earnings undivided ............................................................................
Contingent fund (as per section 225 of Banking L a w )............
Suspense account .................................................................................
A p p ra isa ls................................................................. ............................

$20,306
667
62,230
3,200
4,852
6,000

61
22
00
00
53
00
86 60
15 00

$97,357 96
RECEIPTS.

Cash,
Dues
Dues
Dues

on
on
on
on

hand January 1, 1912........................................................
instalment shares credited to members.........................
savings shares ....................................................................
income s h a r e s ......................................................................




$4,176
11,028
232
5,950

59
21
68

00

N ew Y ork C ounty.
Money borrowed .......................................................-..........................
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares repaid........................................................................
Real estate sold....................................................................................
Fees received .............................' ..........................................................
Fines received ....................................................................................
Interest rece iv e d ..................................................................................
Premium received ..............................................................................
Advances repaid .....................................................................
Appraisal fees ......................................................................................
E x ch a n g e...............................................................................................
Building loan contracts......................................................................
Suspense account ................................................... ............................
Dishonored checks ..............................................................................

217
$4, 500
4, 100
1,881
350
29
28
5,177
82
43
291

00

00
00

00
00
63
56
97
31
55
70
11,500 00
6 97
252 41
$49,631 58

DISBURSEMENTS.

Loaned on m ortg a g e...........................................................................
Loaned on sh a res................................................................................
Instalment dues repaid on withdrawal, or applied on loa n s..
Paid savings shares ..........................................................................
Paid income shares ............................................................................
Cash dividends paid on income and accumulative prepaid
sh a r e s ................................................................................... ' . ...........
Paid borrowed money and prior mortgages.................................
Paid interest on borrowed money and prior mortgages..........
Paid salaries and clerk-hire....................
Paid advertising, printing and postage.................
Paid r e n t ............................................................ •
..................................
Paid taxes, insurance, etc..................................................................
Paid banking department,' examination.........................................
Paid banking department, assessment .........................................
Officers’ bonds .................................................
Metropolitan and State League dues.............................................
Building loan contracts......................................................................
A p p ra isa ls.....................................................
E xchange................................................................................................
Directors’ fees ......................................................................................
A u d ito rs.......................................................
Telephone...............................................................................................
C a m era...................................................................................................
Suspense account ................................................................................
D ividen d s...............................................................................................
Dishonored checks ..............................................................................
Cash on hand December 31, 1912.....................................................

$12,300
1,167
9,927
121
2,200

00
00
36
59
00

3,016
4,500
97
391
110
300
28
54
6
29
72
10,500
110
2
38
36
3
30
1
812
252
3,521

90
00
43
56
29
00
37
40
89
46
00
00
00
35
75
00
00
00
50
58
41
74

$49,631 58
Plan, permanent. Par value of shares, $100. Instalments are 10 cents
weekly or 43 cents monthly.
Shares in force January 1, 1912, 2,257; shares issued during the year,
1,693; shares withdrawn during the year, 1,263; shares in force, 2,687.
Borrowing members, 45, holding 1,295 shares; non-borrowing members, 227,
holding 1,392 shares. Female shareholders, 115, holding 1,137 shares. Total
dividends credited members during the year on instalment shares, $790.49;
rate, 5 per cent. Total dividends credited or paid in cash to members during
the year on other shares, $3,038.99; rate, 4 per cent, and 5 per cent.
No unpaid withdrawals. Entrance or membership fee, $1 per member.
Operating expenses, as defined in section 227 of the Banking Law, incurred
and paid during the year, $1,011.06. Unpaid, none.

y
3




218

R eport on S a v in g s a n d L o an A ssociations .

Premium plan, instalment. Interest paid by borrowing members, 6 per
cent. No premium charged.
Loans have been made in Kings, New York, Queens, Eichmond and West­
chester counties, New York State, and in New Jersey. Largest mortgage loan
outstanding, $7,400. Mortgages in force in New York State, $47,500. No
foreclosures during the year.

EDGEHILL CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION.
Spuyten Duyvil, New York, N. Y.
[Organized under Law of 1909.
Officers.
President....................
Secretary ..................
Treasurer .................
A ttorn eys...................

Commenced business 1909.]

Names.
Post-office addresses.
ELIAS M. JOHNSEN..............................
Spuyten Duyvil.
ALPREUS H. FAVOUR..........................
Spuyten Duyvil.
GILBERT H. JO H N S E N ........................ Spuyten Duyvil.
McKELVEY & FAVOUR........................ 84 William Street.

ASSETS.
Loans on bond and mortgage............................................................
Loans on shares ...................................................................................
Cash on hand and in bank..................................................................
Furniture and fixtures........................................................................
Interest, premium, fees and fines due and unpaid.......................

$48, 800
1, 215
1, 957
109
75

00
00
62
00
00

$52,156 62
LIABILITIES.

Due shareholders, instalment shares................................................
Due shareholders, income shares......................................................
Dividends credited ...............................................................................
Earnings undivided .............................................................................
Contingent fund (as per section 225 of Banking L a w )..............
Unearned or rebatable premium........................................................
Furniture reserve account..................................................................

$25, 356
24,325
1, 019
1, 160
155
75
64

88

00
06
79
89
00
00

$52, 156 62
RECEIPTS.

Cash on hand January 1, 1912..........................................................
Dues on instalment shares credited to members...........................
Dues on income shares........................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares repaid........................................................................
Fees r e ce iv e d ......................
Fines received .......................................................................................
Interest re ce iv e d .......................................................
Premium r eceiv ed ...................: ...........................................................
Reverted div id en d s...............................................................................

$142
12, 916
4,750
12,250
757
26
6

2,470
75
39

43
13
00
00
00
80
85
65
00
40

$33,434 26
DISBURSEMENTS.

Loaned on mortgage ..........................................................................
Loaned on shares...................................................................................
Instalment dues repaid on withdrawal, or applied on lo a n s ...
Paid income shares ......................... ...................................................
Dividends paid on withdrawal, or applied on loans...................
Cash dividends paid on income and accumulative prepaid
shares .................................................................................................
Paid salaries and clerk h ire................................................................




$23, 750
1,245
3,341
1,450
104

00
00
81
00
92

1 , 051 22

120 00

N e w Y ork C ounty.

219

Paid advertising, printing and postage...........................................
Paid rent ...............................................................................................
Paid banking department, examination.........................................
Paid banking department, assessment.............................................
Office ex pen ses................................................................................ ' . . .
Cash on hand December 31, 1912.....................................................

$46
120
18
2
226
1,957

30
00
50
89
00
62

$33,434 26
Plan, permanent. Par value of shares, $200. Instalments are $1 monthly.
Shares in force January 1, 1912, 1,015.75; shares issued during the year,
300.50; shares withdrawn during the year, 158.50; shares in force, 1,157.75.
Borrowing members, 21 , holding 369.50 shares; non-borrowing members, 215,
holding 788.25 shares. Female shareholders, 79, holding 263 shares. Total
dividends credited members during the year on instalment shares, $757.58;
rate, 5 per cent. Total dividends credited or paid in cash to members during
the year on other shares, $1,051.22; rate, 5 per cent. Total dividends for­
feited by withdrawing members during the year, $39.40.
No unpaid withdrawals. Entrance or membership fee, 10 cents per share.
Operating expenses, as defined in section 227 of the Banking Law, incurred
and paid during the year, $512.30. Unpaid, none.
Premium plan, gross. Interest paid by borrowing members, 5% per cent,
and 6 per cent. No premium charged.
Loans have been made in New York county, New York State. Largest
mortgage loan outstanding, $15,000. Mortgages in force in New York State,
$48,800. No foreclosures during the year.

EUREKA CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION.
149th street and Bergen avenue, New York, N. Y.
[Organized under Law of 1887.
Officers.
President....................
Secretary ..................
Treasurer .................
Attorney ...................

Commenced business 1888.]

Names.
JOHN L. BURGOYNE.............

Post-office addresses.
364 Willis Avenue.

J. H. HITTORFF.....................
JOHN DAVIS ..........................

998 Jackson Avenue.
68 William Street.

G E O R G E A . S P E N C E R ............

247 B ro a d w a y .

ASSETS.

Loans on bond and mortgage............................................................
Loans on shares....................................................................................
Cash on hand and in bank..................................................................
Furniture and fixtures ......................................................................

$92, 300
3,470
579
100

00
00
51
00

$96,449 51
LIABILITIES.

Due shareholders, instalment shares...............................................
Dividends credited ..............................................................................
Borrowed m o n e y ..................................................................................
Earnings undivided ............................................................................
Contingent fund (as per section 225 of Banking L a w )............
Unearned or rebatable premium........................................................

$69,134
11,518
11,500
2,276
1,249
772

00
32
00
17
02
00

$96,449 51
RECEIPTS.

Cash on hand January 1, 1912..........................................................
Dues on instalment shares credited to members...........................
Money borrowed ..................................................................................
Mortgages redeemed, foreclosed or transferred to real estate..




$3,150
19, 478
22,500
23, 600

08
00
00
00

220

R eport on S a v in g s a n d L o an A ssociations .

Loans and shares repaid......................................................................
Fines received .......................................................................................
Interest re ceiv ed ...................................................................................
Receipt book .........................................................................................
Mortgage loan account........................................................................
E xchange.................................................................................................
Reverted div id en d s...............................................................................
Interest refunded .................................................................................

$3, 500
19
5,107
17
118

00
88

41
25

00
2 08

415 05
34 50
$77,942 25

DISBURSEMENTS.

Loaned on mortgage ...........................................................................
Loaned on shares...................................................................................
Instalment dues repaid on withdrawal, or applied on lo a n s ...
Dividends paid on withdrawal, or applied on loans...................
Paid matured shares.............................................................................
Paid borrowed money and prior mortgages...................................
Paid interest on borrowed money and prior mortgages.............
Paid salaries and clerk h ire................................................................
Paid advertising, printing and postage............................................
Paid rent ...............................................................................................
Paid banking department, examination.........................................
Paid banking department, assessment..............................................
Officers’ bonds .................................
State League dues ...............................................................................
Attorney fees .......................................................................................
Architect’ s fees .....................................................................................
J a n ito r ....................................................................................................
Real estate expenses.............................................................................
Exchange ...............................................................................................
Dormant account ................................................................................
Cash on hand December 31, 1912......................................................

$27, 050 00
1,600 00
11,241 00
2,007 85
14,606 00
18, 000 00
272 07
445 50
108 15
120 00
22 00
7 62
16 00
6 00
86 30
5 00
2 00
4 65
71
1,761 89
579' 51
$77,942 25

Plan, serial. Par value of shares, $200. Instalments are $1 monthly.
Shares in force January 1, 1912, 1,586; shares issued during the year, 608;
shares withdrawn during the year, 346; shares in force, 1,848. Borrowing
members, 29, holding 462 shares; non-borrowing members, 227, holding 1,386
shares. Female shareholders, 76, holding 483 shares. Total dividends cred­
ited members during the year on instalment shares, $4,197.49; rate, 5 per
cent. Total dividends forfeited by withdrawing members during the year,
$415.05.
No unpaid withdrawals. Amount o f shares matured during the year,
$14,606. Entrance or membership fee, 25 cents. Operating expenses, as
defined in section 227 of the Banking Law, incurred and paid during the
year, $793.23. Unpaid, none.
Premium plan, gross. Interest paid by borrowing members, 5 per cent,
and 6 per cent. Premium paid by borrowing members, 1 per cent.
Loans have been made in Richmond, Queens and Westchester counties,
New York State, and in New Jersey. Largest mortgage loan outstanding,
$6,000. Mortgages in force in New York State, $90,500. No foreclosures
during the year.




2 21

N ew Y oek C ounty.

FIRST BOHEMIAN-SLAVONIC CO-OPERATIVE SAVINGS AND LOAN
ASSOCIATION.
No. 320 East Seventy-third street, New York, N. Y.
[Organized under Law of 1894.
Officers.
President....................
Secretary ...................
Treasurer .................
Attorney ...................

Commenced business 1899.]

Names.
THOMAS C A P E K ..................................
VACLAV V E S E L Y ................................
JAN. STANEK .....................................
THOMAS CAPEK .................................

Post-office addresses.
1429 First Avenue.
419 E. 72d Street.
364 East 72d Street.
1429 First Avenue.

ASSETS.

Loans on bond and m ortgage............................................................
Loans on shares....................................................................................
Cash on hand and in bank................................................................
Furniture and fixtures........................................................................
Interest, premium, fees and fines due and unpaid.......................

$12,100
1,981
375
26
259

00
00
88

84
95

$14,743 67
LIABILITIES,

Due shareholders, instalmentshares.................................................
Borrowed money ................................................................................
Earnings undivided ...............................................
Contingent fund (as per section225 of Banking L a w )...............
R e n t ........................... '.............................................................................
In terest...................................................................................................

$13,494
400
246
588
10
5

25
00

42
00
00
00

$14,743 67
RECEIPTS.

Cash on hand January 1,1912..........................................................
Dues on instalment sharescredited to members...........................
Money borrowed ..................................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares repaid ....................................................................
Fees received ........................................................................................
Fines received ......................................................................................
Interest r eceiv ed ..................................................................................
Transfer f e e ...........................................................................................

$843
2,686
400
5, 000
3, 830
7
32
907

26
25
00
00
48
25
40
09
50

$13,707 23
DISBURSEMENTS.

Loaned on mortgage ..........................................................................
Loaned on shares..................................................................................
Instalment dues repaid on withdrawal, or applied on loans. . .
Dividends paid on withdrawal, or applied on loans.....................
Paid salaries and clerk-hire ............................................................
Paid advertising, printing and postage.........................................
Paid r e n t ................................................................................................
Paid banking department ................................................................
Cash on hand December 31, 1912...................................................

$5, 500
2, 623
4, 342
665
163
3
15
17
375

00
74
25
85
80
50
00
21
88

$13,707 23
Plan, permanent. Par value of shares, $200. Instalments are 25 cents
weekly.
Shares in force January 1, 1912, 204; shares issued during the year, 29;
shares withdrawn during the year, 6 8 ; shares in force, 165. Borrowing mem­
bers, 19, holding 60 shares; non-borrowing members, 37, holding 105 shares.
Female shareholders, 24, holding 56 shares. Total dividends credited mem­
bers during the year on instalment shares, $665.88; rate, 60 cents per share.




222

R eport on S a y in g s a n d L o an A ssociations .

No unpaid withdrawals. Entrance or membership fee, 25 cents per share.
Operating expenses, as defined in section 227 of the Banking Law, incurred
and paid during the year, $182.30. Operating expenses, as defined in section
227 of the Banking Law, incurred during the year and remaining unpaid,

$ 10.
No premium plan. Interest paid by borrowing members, 6 per cent. No
premium charged.
Loans have been made in New York and Queens counties, New' York
State. Largest mortgage loan outstanding, $5,500. Mortgages in force in
New York State, $12,100. One foreclosure during the year.

FRANKLIN SOCIETY FOR HOME BUILDING AND SAVINGS.
No. 38 Park Row, New York, N. Y.
[Organized under Law of 1851.

Commenced business 1888.]

Officers.
Names.
President....................
JOHN C. M cGUIRE...............
Vice-President and
M a n a g er.................... C. O'C. HENNESSY..................
Secretary-Treasurer.. . . GILBERT LLOYD .................
Attorney ...................

STARK B. FERRISS.............

Post-office addresses.
Hotel St. George, Brooklyn.
Haworth, N. J.
1812 Church Avenue, Brook­
lyn, N. Y.
165 Broadway.

ASSETS.

Loans on bond and m ortgage............................................................ $1,482,727 60
Loans on shares ................................... ...............................................
7, 265 58
Contracts for the sale of real estate...............................................
86,817 76
Real estate .............................................................................................
146,264 28
Cash on hand and in bank................................................................
• 43,522 54
Furniture and fixtures ......................................................................
1,571 03
Advances for taxes, insurance, etc..................................................
301 98
Accounts receivable .............................................................................
683 50
$1,769,154 27
LIABILITIES.

--------

Due shareholders, savings s h a r e s ........................... ........................ $1, 596, 676 26
Due shareholders, income shares......................................................
6 6 ,100 00
Balance to be paid borrowers on mortgage loans.......................
12, 505 00
Prior mortgages ...................................................................................
4, 000 00
Borrowed money ...................................................................................
25, 000 00
Earnings undivided .............................................................................
35, 359 13
Contingent fund (as per section 225 of Banking L a w ).............
29, 100 00
Accounts p a y a b le ..................................................................................
413 88
$1, 769,154 27
RECEIPTS.

Cash on hand January 1, 1912..........................................................
Dues on savings shares......................................................................
Prior mortgages ..................................................................................
Money borrowed ...................................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares repaid ....................................................................
Real estate sold ...................................................................................
Interest re ce iv e d ...........................................
In d iv id u a ls.............................................................................................
Land contracts .....................................................................................
Attorney and appraisal fees..............................................................
Real estate profits ...............................................................................




$55,853
627,586
4, 000
25, 000
218,865
21, 257
•
30, 522
85,347
7,791
36, 462
6,816
5, 908

46
84
00
00

60
91
66

01
77
92
30
60

$1,125,413 07

!Ne w Y o r k C o u n t y .

223

DISBURSEMENTS.

Loaned on mortgage ..........................................................................
Loaned on shares ................................................................................
Paid savings shares ............................................................................
Paid income shares ............................................................................
Dividends paid on withdrawal, or applied on loans...................
Cash dividends paid on income and accumulative prepaid
shares .................................................................................................
Paid borrowed money and prior mortgages.................................
Paid interest on borrowed moneyand prior mortgages.............
Paid for real estate..............................................................................
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage.........................................
Paid r e n t ...............................................................................................
Paid repairs to' real estate................................................................
Paid taxes, insurance, e tc..................................................................
Paid banking department, examination .......................................
Paid banking department, assessment ......................................... ‘
A u d ito rs .................................................................................................
Sundry expen ses..................................................................................
Telephone...............................................................................................
Attorney and appraisal fees..............................................................
Miscellaneous items ............................................................................
In dividu als.............................................................................................
Land contracts ....................................................................................
Reserve account ...................................................................................
Cash on hand December 31, 1912....................................................

$ 39 9 , 007
19 , 028
4 3 3 , 705
16, 500
61,581

93

73
91
00
97

3 ,5 4 9 50

50,000 00
493 06
39, 472 87
8,058 00
5,244 80
3,200 00
428 95
1,281 74
117 75
121 37
300 00
1,585 27
392 40
6,636 16
7 84
8,545 46
22,563 29
67 53
43,522 54
$1,125,413 07

Plan, permanent. Par value of shares, $100.
Shares in force January 1, 1912, 90,538; shares issued during the year,
38,966; shares withdrawn during the year, 13,293; shares in force, 116,211.
Borrowing members, 613, holding 11,912 shares; non-borrowing members,
5,142, holding 104,299 shares. No record of female shareholders. Total
dividends credited or paid in cash to members during the year on other shares,
$65,131.47; rate, 4% per cent.
No unpaid withdrawals. Operating expenses, as defined in section 227 of
the Banking Law, incurred and paid during the year, $18,780.47. Operating
expenses, as defined in section 227 of the Banking Law, incurred during the
year and remaining unpaid, $250.
No premium plan. Interest paid by borrowing members, 6 per cent. No
premium charged.
Loans have been made in Kings, Nassau, New York, Queens, Richmond,
Rockland, Suffolk and Westchester counties, New York State, and in New
Jersey. Largest mortgage loan outstanding, $16,000. Mortgages in force in
New York State, $423,900.32. One foreclosure during the year.
GERMAN-AMERICAN BUILDING AND LOAN ASSOCIATION OF THE
CITY OF NEW YORK.
No. 1 Third avenue, New York, N. Y.
[Organized under Law o f 1851.

Commenced business 1888.]

Officers.
Names.
Post-office addresses.
President.................... IRVTNG W. PIMELOW ............
52 Wall Street.
Secretary .....................
HENRY
G.
ECKHOFF.................
412 E. 18th Stree
Treasurer .................
E. A. WIESER .......................
108 Park Row.
Attorney ...................
IRVING W. DIMELOW............
52 Wall Street.
ASSETS.

Loans on bond and mortgage............................................................
Loans on shares....................................................................................
Contracts for the sale of real estate...............................................




$119,550 00
7,010 00
5 , 593 57

224

R epoet on S a v in g s a n d L o an A ssociations .

Beal e s t a t e .............................................................................................
Cash on hand and in bank..................................................................
Furniture and fixtures........................................................................
Advances for taxes, insurance, e t c . . . .........................................

$33, 309 54
6, 385 05
300 00
122 35
$172,270 51

LIABILITIES.

Due shareholders, instalmentshares.................................................
Due shareholders, income shares..........................
Dividends credited
......................................................................
Prior mortgages ...................................................................................
Earnings undivided ............................................................................
Contingent fund (as per section 225 of Banking L a w )..............
Deposits .................................................................................................

$123,343
15,050
25,719'
800
4, 862
2, 429
65

80
00
15
00
98
58
00

$172,270 51
RECEIPTS.

Cash on hand January 1, 1912..........................................................
$1,133 74
Dues on instalment shares credited to members...........................
26, 350 40
Dues on income shares.............................................................
5,850
00
Money borrowed ...................................................................................
5, 000 00
Mortgages redeemed, foreclosed or transferred to real estate..
11,750 00
Loans on shares repaid.....................................................................
5,655 00
Beal estate sold.....................................................................................
2,000 00
Fees re ce iv e d ...............................................
51 50
Fines r e ce iv e d ...............................................................
66 36
Interest receiv ed ...................................................................................
6, 751 38
Premium receiv ed .................................................................................
2, 415 38
Bent r eceiv ed .........................................................................................
2, 266 59
Advances repaid ...................................................................................
575 95
Beal estate contracts.................................................................
322
00
Deposits .................................................................................................
443 25
Beverted div id en d s...................................................................
548
51
$71,180 06
DISBURSEMENTS.

Loaned on mortgage.............................................................................
Loaned on shares...................................................................................
Instalment dues repaid on withdrawal, or applied on lo a n s ...
Paid income shares..............................................................................
Dividends paid on withdrawal, or applied on loans.....................
Cash dividends paid on income and accumulative prepaid
shares .................................................................................................
Paid borrowed money and prior mortgages...................................
Paid interest on borrowed money and prior mortgages............
Paid for real estate.................................................................... i . . . .
Paid salaries and clerk h ire..............................................................
Paid advertising, printing and postage.........................................
Paid rent ...............................................................................................
Paid repairs to real estate................................................................
Paid taxes, insurance, etc....................................................................
Paid banking department, examination.........................................
Paid banking department, assessment...........................................
Advances for taxes, insurance, e tc ....................................................
Deposits .................................................................................................
Books .....................................................................................................
Miscellaneous items .............................................................................




$9,310 00
2,795 00
24,163 75
00
8, 246 35

25
,5 0
734
7,250
144
4, 899
1,613
178
210
665
852
55
12
341
412

87
00
68
09
75
40
00
89
48
10
87
97
99
25
218 35

N ew Y ork C ounty.

2 25
$31
78
30
6,385

Office expense ...............................
Commissions .................................
Janitor ...........................................
Cash on hand December 31, 1912

22
00
00
05

$71,180 06
Plan, serial. Par value of shares, $100 and $250. Instalments are 10 cents
and 25 cents weekly.
Shares in force January 1, 1912, 2,786; shares issued during the year, 857;
shares withdrawn during the year, 499; shares in force, 3,144. Borrowing
members, 63, holding 511 shares; non-borrowing members, 308, holding 2,633
shares. Female shareholders, 75, holding 300 shares. Total dividends credited
members during the year on instalment shares, $8,363.27; rate, 6 per cent.
Total dividends credited or paid in cash to members during the year on other
shares, $734.87; rate, 5 per cent. Total dividends forfeited by withdrawing
members during the year, $548.51.
No unpaid withdrawals. Entrance or membership fee, $1 per member.
Operating expenses, as defined in section 227 of the Banking Law, incurred
and paid during the year, $2,349.60. Unpaid, none.
Premium plan, premium-interest. Interest paid by borrowing members, 5
per cent. Premium paid by borrowing members, 4 cents per share per week.
Loans have been made in Kings, New York, Bichmond and Westchester
counties, New York State, and in New Jersey. Largest mortgage loan out­
standing, $6,500. Mortgages in force in New York State, $92,850. No fore­
closures during the year.
GREENWICH BUILDING AND LOAN ASSOCIATION.
No. 25 East Fourteenth street, New York, N. Y.
[Organized under Law of 1851.
Officers.
President......... ..
Secretary ..................
T rea s u rer

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

Attorney ...................

Commenced business 1889.]

Names.
JOHN F. CLEARY...............................
T. CONROY .........................................

M. F. C L E A R Y ..........................................

JAMES A. SPEER...............................

Post-office addresses
630
Hudson Street.
227
Henry Street.

630

44

H ud son S treet.

Wall Street.

ASSETS'.

Loans on bond and m ortgage...........................................................
Loans on shares....................................................................................
Cash on hand and in bank........ , .......................................................
Furniture and fixtures........................................................................
Interest, premium, fees and fines due and unpaid.......................

$9,250 00
127 84
726 86
75 00
14151
$10,321 21

LIABILITIES.

Due shareholders, instalment shares...............................................
Dividends credited ..............................................................................
Earnings undivided ............................................................................
Contingent fund (as per section 225 of Banking L a w )............
Suspense account ................................................................................

$7,437
2, 065
28
304
485

79
16
51
08
67

$10,321 21
RECEIPTS.

Cash on hand January 1, 1912.......................................................
Dues on instalment shares credited to members...........................
Loans on shares repaid........ ..............................................................
8




$2,335 43
1, 269 04
8 41

226

R epoet on S a v in g s a n d L o an A ssociations .

Fines received .......................................................................................
Interest rece iv e d ..................................................................................
Reverted d iv id en d s..............................................................................

$69 16
622 87
79, 41
$4,.384 32

DISBURSEMENTS.

Instalment dues repaid on withdrawal, or applied on lo a n s ...
Dividends paid on withdrawal, or applied on loans..................
Paid borrowed money and prior mortgages...................................
Paid interest on borrowed money and prior mortgages............
Paid salaries and clerk h ire..............................................................
Paid advertising, printing and postage...........................................
Paid rent ...............................................................................................
Paid banking department, examination.........................................
Paid banking department, assessment.............................................
Officers’ bonds .......................................................................................
Suspense account ................................................................................
Cash on hand December 31, 1912......................................................

$1, 205
578
1,500
56
131
22
120
13

56
41
00
25
24
10
00
00
90
20 00
10 00
726 86

$4,384 32
Plan, serial. Par value of shares, $200 and $250. Instalments are 20 cents
and 25 cents weekly.
Shares in force January 1, 1912, 160; shares issued during the year, 31;
shares withdrawn during the year, 28; shares in force, 163. Borrowing mem­
bers, 2, holding 37 shares; non-borrowing members, 27*, holding 126 shares.
Female shareholders, 17, holding 82 shares. Total dividends credited mem­
bers during the year on instalment shares, $465.25; rate, 4% per cent. Total
dividends forfeited by withdrawing members during the year, $79.41.
No unpaid withdrawals. Operating expenses, as defined in section 227 of
the Banking Law, incurred and paid during the year, $293.34. Unpaid, none.
Premium plan, instalment. Interest paid'by borrowing members, 6 per cent.
Premium paid by borrowing members, not to exceed 2 per cent.
Loans have been made in New Jersey. Largest mortgage loan outstanding,
$6,000. No mortgages in force in New York State. No foreclosures during
the year.

HARLEM RIVER BUILDING, LOAN AND SAVINGS ASSOCIATION.
No. 407 East Forty-seventh street, New York, N. Y.
[Organized under Law of 1851.
Officers.
President....................
Secretary ..................
Treasurer .................
Attorney ...................

Commenced business 1891.]

Names.
FRED DIETZ ...................................
AUGUSTUS W.BUGGELN..............
C. F. SCHANE...................................
AMOS H. STEPHENS...................

Post-office addresses.
407 East 47th Street
2060 Third Avenue.
2060 Third Avenue.
1 Madison avenue.

ASSETS.

Loans on bond and m ortgage............................................................
Real e s t a t e ......................................... ...................................................
Cash on hand and in bank................................................................
Instalments due and unpaid........................................
Interest premium, fees and fines due and unpaid..




$1,000 00
1, 600 00
608 55

$690.00
1,291.00

$3,208 55

N e w Y ork C ounty.

227

LIABILITIES.

Due shareholders, instalmentshares.................................................
Dividends credited................................................................................
Earnings undivided ............................................................................
Contingent fund (as per section 225 of Banking L a w )...............

$2,175
400
457
176

08
00
47
00

$3,208 55
RECEIPTS.

—- -

Cash on hand January 1, 1912.........................................................
Interest re ce iv e d ..................................................................................
Rent receiv ed .......................................................................................

$638 07
10 33
157 00
$805 40

DISBURSEMENTS.

-

Instalment dues repaid on withdrawal, or applied on lo a n s .. .
Dividends paid on withdrawal, or applied on loans..................
Paid repairs to real estate................................................................
Paid taxes, insurance, e tc..................................................................
Paid banking department, examination.........................................
Paid banking department, assessment...........................................
Cash on hand December 31, 1912.....................................................

$13
106
26
44
6

44
56
35
22
00
28
608 55

$805 40
Plan, permanent. Par value of shares, $100. Instalments are 55 cents
monthly.
Shares in force January 1, 19'12, 110; shares issued during the year, none;
shares withdrawn during the year, 10; shares in force, 100. Borrowing mem­
bers, 1, holding 10 shares; non-borrowing members, 8, holding 90 shares. No
female shareholders. Total dividends credited members during the year on
instalment shares, $506.56.
No unpaid withdrawals. Entrance or membership fee, 25 cents per share.
Operating expenses, as defined in section 227 of the Banking Law, incurred
and paid during the year, none. Unpaid, none.
Premium plan, premium-interest. Interest paid by borrowing members, 6
per cent. Premium paid by borrowing members, 6 per cent.
Loans have been made in Westchester county, New York State. Largest
mortgage loan outstanding, $1,000. Mortgages in force in New York State,
$1,000. No foreclosures during the year.
HUDSON CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION.
No. 315 Madison avenue, New York, N. Y.
[Organized under Law of 1909.
Officers.
President....................
Secretary ..................
Treasurer .................
Attorney ...................

Commenced business 1909.]

Names.
CLIFFORD B. HARMON....................
JOHN H. STORER................................
JOHN H. STORER.................................
A. B. CHEADLE....................................

Post-office addresses
315 Madison Avenue
315 Madison Avenue
315 Madison Avenue
315 Madison Avenue

ASSETS.

Cash on hand and in bank..................................................................

$1,454 62

LIABILITIES.

Due shareholders, instalment shares...........................................
Dividends cred ited ......................................... ..................................
Earnings undivided ........................................................................
Contingent fund (as per section 225 of BaYiking L a w )..........




$935
44
214
260

00
55
19
88

$1,454 62

228

R eport on S a v in g s a n d L oan A ssociations .
RECEIPTS.

Cash on hand January 1, 1912............................................................
Dues on instalment shares credited to members...........................
Mortgages redeemed, foreclosed or transferred to real estate..
Fines received .......................................................................................
Interest received ...................................................................................

$1,243
1,600
6, 800
175
401

11
50
00
04
30

$10,219 95
DISBURSEMENTS.

Instalment dues repaid on withdrawal, or applied on loa n s.. ..
Dividends paid on withdrawal, or applied on loans......................
Cash dividends paid on income and accumulativeprepaid shares
Paid matured shares............................................................................
Paid salaries and clerk-hire................................................................
Paid r e n t ................................................................................................
Paid banking department, exam ination........................................
Paid banking department, assessment............................................
Legal service ...................................................................... , ..............:
Suspense account ................................................................................
Cash on hand December 31, 1912........................................................

$5, 140
455
84
2, 080
640
246
13

50
83
00
00
40
00
00
60
100 00
5 00
1, 454 62

$10,219 95
Plan, serial. Par value of shares, $100. Instalments are 50 cents and $1
monthly.
Shares in force January 1, 1912, 418; shares issued during the year, 7;
shares withdrawn during the year, 315; shares in force, 110. No borrowing
members. Non-borrowing members, 17, holding 110 shares. Female share­
holders, 2, holding 10 shares. Total dividends credited members during the
year on instalment shares, $118.46; rate, 5 per cent. Total dividends credited
or paid in cash to members during the year on other shares, $30; rate, 5
per cent. Total dividends forfeited by withdrawing members during the
year, $92.90.
Amount of filed and unpaid withdrawals December 31, 1912, $979.55.
Entrance or membership fee, $1 per member. Operating expenses, as defined
in section 227 of the Banking Law, incurred and paid during the year, $886.40.
Unpaid, none.
No premium plan. Interest paid by borrowing members, 6 per cent. No
premium charged.
Loans have been made in Westchester county, New York State. No loans
outstanding. Three foreclosures during the year.

MODEL BUILDING AND LOAN ASSOCIATION OF MOTT HAVEN.
No. 2663 Third avenue, New York, N. Y.
I Organized under Law of 1851.
Officers.
President....................
Secretary ...................
Treasurer .................
Attorney ...................

Commenced business 1889.]

Names.
JOHN S. HANSON............................
JOSEPH B. HARE..............................
JULES F. VALOIS............................
HERBERT REEVES..........................

Post-office addresses.
37 Liberty Street.
1813 Webster Avenue.
2663 Third Avenue.
55 Liberty Street.

ASSETS.

Loans on bond and m ortgage............................................................
Loans on sh a res.....................................................................................
Beal estate.............................................’. ..............................................
Cash on hand and in bank......................................... ‘ .......................




$274,753
16, 169
9,590
5, 399

98
00
00
98

N e w Y ork C ounty.

229

Furniture and fixtures....................................................................
Interest, premium, fees and fines due and unpaid.......................
Advances for taxes, insurance, etc....................................................
Instalments due and unpaid........................................

$465 88
6, 170 50
688 14

$26.41

$313,237 48
LIABILITIES.

Due shareholders, instalment shares...............................................
Dividends credited ..............................................................................
Due shareholders, matured shares...................................................
Balance to be paid borrowers on mortgage loans.........................
Borrowed money ..................................................................................
Earnings undivided .......... .................................................................
Contingent fund (as per section 225 of Banking L a w )..............
Suspense a cco u n t..................................................................................

$200, 954
38, 950
24, 500
1,500
20, 000
16,982
10,200
150

00
45
00
00
00
46
00
57

$313,237 48
RECEIPTS.

Cash on hand January 1, 1912.........................................................
Dues on instalment shares credited to members...........................
Money borrowed ..................................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares repaid........................................................................
Beal estate'sold ..................................................................................
Fees received ........................................................................................
Pines received ................................................................/ ....................
Interest received ..................................................................................
Premium r eceiv ed ................................................................................
Bent receiv ed ........................................................................................
Advances repaid ..................................................................................
Profits on new shares taken in old series.......................................
Beal estate p r o fits ................................................................................
Cash over ..............................................................................................

$1,160 97
99,763 00
300, 750 00
25,099 43
7,561 00
3,250 00
76 25
287 91
17, 236 54
4, 092 65
390 O '
1,111 31
13, 807 49
500 00
53 93
$475, 140 48

DISBURSEMENTS.

Loaned on m ortgage...........................................................................
Loaned on shares..................................................................................
Instalment dues' repaid on withdrawal, or applied on loa n s.. .
Dividends paid on withdrawal, or applied on loans...................
Paid matured shares ................................................................ ..
Paid borrowed money and prior mortgages.................................
Paid interest on borrowed money and prior mortgages..........
Paid for real e s t a t e ............................................................................
Paid salaries and clerk-hire................................................................
Paid advertising, printing and postage.........................................
Paid r e n t ................................................................................................
Paid taxes, insurance, e tc ..................................................................
Paid banking departm en t..................................................................
Officers’ bonds ......................................................................................
Advances for taxes, insurance, etc...................................................
Collection ch a rg es................................................................................
Letter carrier ......................................................................................
Foreclosure expenses ..........................................................................
Com m issions..........................................................................................
Beal estate l o s s ....................................................................................




$16, 689
6,200
17, 701
2,325
105, 279
303, 250
1,304
11,340
2, 333
197
120
526
85
34
797
5
5
687
192
300

00
00
00
43
72
00
67
00
02
52
00
86
95
00
09
44
00
23
00
00

230

R eport on S a v in g s a n d L o an A ssociations .

Cash short .............................................................................................
F u rn itu re................................................................................................
Cash on hand December 31, 1912........................................................

$100 32
266 25
5, 399 98
$475,140 48

Plan, serial. Par value of shares, $125. Instalments are 50 cents monthly.
Shares in force January 1, 1912, 8,414; shares issued during the year, 1,854;
shares withdrawn during the year, 1,885; shares in force, 8,383. Borrowing
members, 98, holding 1,978 shares; non-borrowing members, 565, holding 6,405
shares, fem ale shareholders, 240, holding 2,374 shares. Total dividends
credited members during the year on instalment shares, $23,667.38; rate, 5.91
per cent. Total dividends forfeited by withdrawing members during the year,
$1,042.37.
No unpaid withdrawals. Amount of shares matured during the year, $24,500. Entrance or membership fee, 75 cents per member. Operating expenses,
as defined in section 227 of the Banking Law, incurred and paid during the
year, $2,694.98. Unpaid, none.
Premium plan, instalment. Interest paid by borrowing members, 6 per
cent. Premium paid by borrowing members, 2 per cent.
Loans have been made in Kings, Nassau, New York, Queens and West­
chester counties, New York State and in New Jersey. Largest mortgage loan
outstanding, $12,000. Mortgages in force in New York State, $174,674. Two
foreclosures during the year.

MOUNT MORRIS CO-OPERATIVE BUILDING AND LOAN ASSOCIATION.
No. 147 East 125th street, New York, N. Y.
[Organized under Daw o f 1851.
Officers.
P resident....................
Secretary ..................
Treasurer .................
Attorney ...................

Commenced business 1888.]

Names.
JAMES G. PATTON..........................
C. WOODS BOWERS.........................
CHARLES T. DEERIXG.................
HERBERT REEVES..........................

Post-office addresses.
147 East 125th Street.
147 East 125th Street.
147 East 125th Street
55 Liberty Street.

ASSETS.

Loans on bond and mortgage...................................
Loans on shares ...........................................................
Contracts for the sale of real estate.......................
Real e s ta te ................................................................... ..
Cash on hand and in bank.........................................
Furniture and fixtures ........ .....................................
Interest, premium, fees and fines due and unpaid
Borrowers’ incidentals.................................................
Interest on stock lo a n s ................................................

$25,316
513
19,005
43, 158
1,659
368
826
100
42

75
48
94
50
17
95
91
92
16

$90,992 78
LIABILITIES.

Due shareholders, instalment shares ...............
Due shareholders, income shares .....................
Earnings undivided ..............................................
Contingent fund (as per section 225 of Banking Law)
Suspense a cco u n t..................................................................
Com m issions..........................................................................




$72,062
9, 859
6,520
1,776
625
148

97
25
38
43
00
75

$90,992 78

N ew Y ork C ounty.

231

RECEIPTS.

Cash on hand January 1, 1912............................................................
Dues on instalment sharescredited to members.............................
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares repaid......................................................................
Interest r e ce iv e d ..............................................................................•..
Premium rece iv e d ................................................................................
Bent r e ce iv e d ........................................................................................
Real estate contracts ..........................................................................
Bank in te r e st................................................... '...................................
Incidentals ............................................................................................
Interest on stock loans........................................................................
Real estate rents, e tc ............................................................................
Interest on contracts ..........................................................................

$244
646
850
666
1, 149
212
102
1, 553
49
49
179
575
5

73
02
00
52
44
25
50
50
84
05
13
00
63

$6,283 61
DISBURSEMENTS.

Instalment dues repaid on withdrawal, or applied on lo a n s ...
Cash dividends paid on income and accumulative prepaid shares
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage...........................................
Paid r e n t ................................................................................................
Paid repairs to real estate................................................................
Paid taxes, insurance, e tc ....................................................................
Paid banking department, exam ination .........................................
Paid banking department, assessment .........................................
Incidentals.............................................................................................
C om m issions..........................................................................................
Assessm ent.............................................................................................
Bank collection s...................................................................................
Cash on hand, December 31, 1912.....................................................

$1,443 54
66 15
700 05
73 86
324 00
350 67
1,188 95
45 00
‘ 6 93
120 45
245 50
54 84
450
1, 659 17
$6,283 61

Plan, permanent. Par value of shares, $100. Instalments are 12% cents
weekly.
Shares in force January 1, 1912, 3,147; shares issued during the year,
none; shares withdrawn during the year, 5; shares in force, 3,142. Borrowing
members, 13, holding 101 shares; non-borrowing members, 331, holding 3,041
shares. Female shareholders, 122, holding 1,026 shares.
Amount of filed and unpaid withdrawals December 31, .1912, $51,250.05.
Operating expenses, as defined in section 227 of the Banking Law, incurred
and paid during the year, $1,222,86. Unpaid, none
Premium plan, instalment. Interest paid by borrowing members, 5 per
cent., 5% per cent, and 6 per cent. Premium paid by borrowing members, 40
cents per share.
Loans have been made in Kings, New York, Queens and Westchester
counties, New York State and in New Jersey. Largest mortgage loan out­
standing, $5,800. Mortgages in force in New York State, $19,832.87. No
foreclosures during the year.




232

R eport on S a y in g s a n d L oan A ssociations ,
MOUNT ST. VINCENT CO-OPERATIVE BUILDING AND LOAN
ASSOCIATION.
Nos. 531 and 535 E. Tremont avenue, New York, N. Y.
[Organized under Law o f 1851.

Commenced business 1888.]

Officers.
Names.
President............. ....
WILLIAM C. BERGEN...........
S e cre ta ry ............VT. ANDREW J. FLYNN................
Treasurer ................... JAMES O'CONNELL .............
Attorney ...................
JOHN J. O’GRADY.................

Post-office addresses.
180th St. and Andrews Ave.
1976 Hughes Avenue.
East Rockaway, L. 1.
277 Broadway.

ASSETS.

Loans on bond and mortgage............................................................
Real e s t a t e .............................................................................................
Cash on hand and in bank..................................................................
Furniture and fixtures........................................................................
Interest, premium, fees and fines due and unpaid..

$100, 100
7, 200
5, 077
50

00
00
59
00

$421.30

$112,427 59
LIABILITIES.

Due shareholders, instalment shares...............................................
Dividends credited . . ' ..........................................................................
Earnings undivided ............................................................................
Contingent fund (as per section 225 of Banking L a w )............

$72,656
28,796
9, 533
1,440

32
81
87
59

$112,427 59
RECEIPTS.

Cash on hand January 1,1912..........................................................
Dues on instalment sharescredited to members...........................
Money borrowed ......................................... .........................................
Mortgages redeemed, foreclosed or transferred to real estate..
Interest rece iv e d ..................................................................................
Premium receiv ed ................................................................................
Rent receiv ed .........................................................................................
Advances repaid .................................................................. : ..............

$4, 151
30,985
2, 000
6,350
6, 105
483
484
574

17
19
00
00
74
81
00
94

$51,134 85
DISBURSEMENTS.

Loaned on mortgage............................................................................
Instalment dues repaid on withdrawal, or applied on loa n s.. .
Dividends paid on withdrawal, or applied on loans...................
I'aid borrowed money and prior mortgages...................................
Paid interest on borrowed money and prior mortgages............
Paid for real estate............................................................................
Paid salaries and clerk h ire..............................................................
Paid advertising, printing and postage.........................................
Paid rent ...............................................................................................
Paid repairs to real estate................................................................
Paid taxes, insurance, e tc..................................................................
Paid banking department, assessment............................. „ .............
Officers’ bonds ...................................................'..................................
Advances for taxes, insurance, etc....................................................
Metropolitan League dues..................
Attorney f e e s ........................................................................................
Cash on hand December 31, 1912....................................................




$22,750 00
15, 929 99
61281
2,000 00
18 66
2, 950 00
478 00
1875
73 33
46 50
547 09
6 99
20 00
574 94
6 00
24 20
5,077 59
$51, 134 85

233

K ew Y ork C o u n ty.

Plan, permanent. Par value of shares, $100. Instalments are 25 cents
weekly.
Shares in force January 1, 1912, 1,455; shares issued during the year, 370;
shares withdrawn during the year, 65; shares in force, 1,760. Borrowing
members, 27, holding 756 shares; non-borrowing members, 167, holding 1,004
shares. Female shareholders, 71, holding 432 shares. Total dividends credited
members during the year on instalment shares, $5,102; rate, 6 per cent.
No unpaid withdrawals. Operating expenses, as defined
section 227 of
the Banking Law, incurred and paid during the year, $020.28. Unpaid, none.
Premium plan, premium-interest. Interest paid by borrowing members, 6 per
cent. Premium paid by borrowing members, 1% per cent.
Loans have been made in Kings, New York, Queens, Richmond and West­
chester counties, New York State.
Largest mortgage loan outstanding,
$12,000. Mortgages in force in New York State, $100,100. No foreclosures
during the year.

NEW YORK AND SUBURBAN CO-OPERATIVE BUILDING AND LOAN
ASSOCIATION.
No. 147 East 125th street, New York, N. Y.
[Organized under Law of 1851.
Officers.
President.................
Secretary ................./
Treasurer .................
Attorney ...................

Commenced business 1888.]

Names.
Post-office addresses.
ELIJAH D. CLARK............................. 1031
Trinity Avenue.
ABRAM D. WIMPRESS.................. 1122 Jackson Avenue.
WILLIAM S. BECKLEY.................. 131
East 23d Street.
ROBERT H. BERGMAN.....................
3219
Third Avenue.
ASSETS.

Loans on bond and m ortgage...........................................................
Loans on shares....................................................................................
Cash on hand and in bank................................................................
Interest, premium, fees and fines due and unpaid.......................
Advances for taxes, insurance, e tc...................................................

$484,700
19,636
1,723
2,649
646

00
00
21
35
16

$509,354 72
LIABILITIES.

Due shareholders, instalment shares...............................................
Due shareholders, income shares.....................................................
Dividends credited ..............................................................................
Due shareholders, matured shares...................................................
Balance to be paid borrowers on mortgage loans.........................
Borrowed m o n e y ..................................................................................
Earnings undivided ............................................................................
Contingent fund (as per section 225 of Banking L a w )............
Insurance paid in advance................................................................
Due on withdrawals............................................................................
Deposits on loans..................................................................................

$342,205
45, 950
76, 464
5, 250
12, 350
6, 750
3, 610
16,000
64
215
495

00
00
61
00
00
00
47
00
10
19
35

$509,354 72
RECEIPTS.

Cash on hand January 1, 1912..........................................................
Dues on instalment sharescredited to members............................
Dues on income shares........................................................................
Money borrowed ..................................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares repaid......................................................................
Fees received ........................................................................................




$1, 9I
06
94, 082
18, 100
55, 250
48,450
20,418
299

80
00
00
00
00
00
00

234

R eport on S a y in g s a n d L o an A ssociations .

Fines received ........................................... ■..........................................
Interest received . ........................................................................ ..
Premium rece iv e d .................................................................................
Advances repaid ...................................................................................
Deposits on loans.................................................................................
Suspense account ................................................................................
Taxes .....................................................................................................
Reverted dividends ............................................................................
Expense of loans...................................................................................

$74 23
27, 530 65
10
394 11
219 50
33 90
323 26
1, 59*0 99
357 35
$269,029 89

DISBURSEMENTS.

Loaned on mortgage......................................... : ................................
Loaned on shares.......... .......................................................................
Instalment dues repaid on withdrawal, or applied on loans. . .
Paid income shares..............................................................................
Dividends paid on withdrawal, or applied on loans...................
Cash dividends paid on income and accumulative prepaid
shares .................................................................................................
Paid matured shares............................................................................
Paid borrowed money and prior mortgages...................................
Paid interest on borrowed money and prior mortgages............
Paid salaries and clerk-hire..................
Paid advertising, printing and postage.........................................
Paid rent ...............................................................................................
Paid taxes, insurance, e tc..................................................................
Paid banking department, assessment............................
Officers’ bonds .......................................................................................
Metropolitan and State League dues.............................................
Deposit on loans refunded....................................................
Suspense account .................................................................................
Cash on hand December 31, 1912......................................................

$103,150
14, 307
40, 243
2,700
7,805

00
00
00
00
30

1, 680
33,035
59, 500
127
2,226
751
SOO
1, 184
34
37
14
87
33
1,723

52
00
00
38
00
33
00
07
68
50
00
00
90
21

$269,029 89

Plan, serial. Par value of shares, $200 and $250. Instalments are $1
monthly.
Shares in force January 1, 1912, 6,557% ; shares issued during the year,
3,516; shares withdrawn during the year, 1,022; shares in force, 9,051%.
Borrowing members, 215, holding 2,521 shares; non-borrowing members, 907,
holding 6,530% shares. Female shareholders, 580, holding 3,840 shares. Total
dividends credited members during the year on instalment shares, $20,421.39;
rate, 5% per cent. Total dividends credited or paid in cash to members dur­
ing the year on other shares, $1,680.52; rate, 4% per cent. Total dividends
forfeited by withdrawing members during the year, $1,590.99.
No unpaid withdrawals. Amount of shares matured during the year,
$38,285. Entrance or membership fee, $1 per member. Operating expenses, as
defined in section 227 of the Banking Law, incurred and paid during the year,
$3,418.83. Unpaid, none.
No premium plan. Interest paid by borrowing members, 6 per cent. No
premium charged.
Loans have been made in Kings, New York, Queens, Richmond, Suffolk and
Westchester counties, New York State, and in New Jersey. Largest mortgage
loan outstanding, $10,000. Mortgages in force in New York State, $461,050.
No foreclosures during the year.




N e w Y ork C o u n ty.

2 35

NEW YORK CO-OPERATIVE BUILDING AND LOAN ASSOCIATION.
Nos. 35-43 West 125th street, New York, N. Y.
[Organized under Law of 1851.

Commenced business 1888.]

Officers.
Names.
President.............[./Yl WM. M. EMBLER.............................
Secretary ........... Y ... ISAAC S. MARTIN...........................
Treasurer .................
JOHN R. BRODIE............................
Attorney ...................
WILLIAM LANGDOX ....................

Post-office addresses.
17 Beekman Place.
43 West 125th Street.
45 Vesey Street.
2 Rector Street.

ASSETS.

Loans on bond and mortgage............................................................
Loans on shares....................................................................................
Contracts for the sale of real estate...............................................
Real e s t a t e ............................................................................................
Cash on hand and in bank................................................................
Interest, premium, fees and fines due and unpaid.......................
Advances for taxes, insurance, e tc ...................................................

$213,300
5,678
2,200
22, 907
31,486
308
56

00
00
00
95
57
14
80

$275,937 46
LIABILITIES.

Due shareholders, instalment shares...............................................
Due shareholders, income shares.....................................................
Dividends credited ......................................
Balance to be paid borrowers on mortgage loans........................
Earnings undivided ............................................................................
Contingent fund (as per section 225 of Banking L a w )..............
Paid on lease contract........................................................................
Suspense account .........................................................................
Deposits on shares appropriated........................................................

$193,711
12,350
43,051
7,300
551
18,000
636
198
138

87
00
52
00
84
00
00
08
15

$275,937 46
RECEIPTS.

Cash on hand January 1, 1912.........................................................
Dues, on instalment shares credited to members.........................
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares repaid......................................................................
Real estate sold............ ; .....................................................................
Fees received ........................................................................................
Fines received ......................................................................................
Interest rece iv e d ..................................................................................
Premium rece iv e d .......... .....................................................................
Rent receiv ed ........................................................................................
Profit on real estate............................................................................
Deficiency ju d g m en t............................................................................
Deposit on shares appropriated..........................................
Paid on lease contracts........................................................................

$21,902
52,106
60, 250
3,293
10, 600
7
275
11,309
4, 682
288
1,453
12
726
44

52
90
00
00
00
00
70
46
88
00
30
50
72
00

$166,951 98
DISBURSEMENTS.

Loaned on mortgage............................................................................
Loaned on shares..................................................................................
Instalment dues repaid onwithdrawal, orapplied on lo a n s ...
Dividends paid on withdrawal, or applied onloans....................
Cash dividends paid on income and accumulativfe prepaid
shares .................................................................................................
Paid matured shares............................................................................
Paid for real estate..............................................................................




$53,200
2,886
24,417
1,938

00
00
77
61

617 50
16, 000 00
25,167 95

236

R eport on S a v in g s a n d L o an A ssociations .

Paid salaries and clerk h ire..............................................................
Paid advertising, printing and postage...........................................
Paid rent ...............................................................................................
Paid repairs to real estate................................................................
Paid taxes, insurance, e tc ..................................................................
Paid banking department, assessment..............................................
Officers’ bonds .......................................................................................
Advances for taxes, insurance, e tc .................................................
Legal services .......................................................................................
Deposits on appropriations repaid....................................................
Office repairs and insurance..............................................................
Commissions .........................................................................................
Heating and lighting.................................................................... '. . . .
Cash on hand December 31, 1 9 1 2 ...................................................

$3,905
434
585
10
3,812
19
60
21
1,362
782
68
95
81
31,486

00
44
00
38
35
29
00
60
07
50
24
50
21
57

$166,951 98
Plan, serial. Par value of shares, $200 and $250. Instalments are 20 cents
and 25 cents weekly.
Shares in force January 1, 1912, 4,172; shares issued during the year,
2,133%; shares withdrawn during the year, 1,263%; shares in force,
5,042. Borrowing members, 89, holding 950 shares; non-borrowing members,
583, holding 4,092 shares. Female shareholders, 237, holding 1,447 shares.
Total dividends credited members during the year on instalment shares,
$11,103.66; rate, 6 per cent. Total dividends credited or paid in cash to mem­
bers during the year on other shares, $617.50; rate, 5 per cent. Total divi­
dends forfeited by withdrawing members during the year, $1,504.68.
No unpaid withdrawals. Amount of shares matured during the year,
$16,000. Operating expenses, as defined in section 227 of the Banking Law,
incurred and paid during the year, $5,133.89. Unpaid, none.
Premium plan, instalment. Interest paid by borrowing members, 5 per cent.
Premium paid by borrowing members, 40 cents per share.
Loans have been made in Nassau, New York, Kings, Queens, Richmond and
Westchester counties, New York State, and in Connecticut and New Jersey.
Largest mortgage loan outstanding, $9,000. Mortgages in force in New York
State, $199,175. Three foreclosures during the year.

THE NEW YORK EDISON SAVINGS AND LOAN ASSOCIATION.
No. 55 Duane street, New York, N. Y.
[Organized under Law of 1910.
Officers.
President.
Secretary.
Treasurer
Attorney.

Commenced business 1912.]

Names.
Post-office addresses.
ATHUR W ILLIAM S.................................... 55 Duane Street.
J. C. ROBINSON.......................................... 55 Duane Street.
W. E. FREEMAN......................................
55 Duane Street.
BEARDSLEY, HEMMENS & JAYLO R. 54 Wall Street.
ASSETS.

Loans on bonds and mortgage ........................................................
Loans on shares....................................................................................
Cash on hand and in bank..................................................................
Instalments due and unpaid..............................................................
Interest, premium, fees and fines due and unpaid.........................
Appraisals, etc., due and Unpaid........................................................




$13, 710 00
200 00.
3,013 36
369 50
1851
270 78
$17,582 15

N ew Y ork C o u n ty.

237

LIABILITIES.

Due shareholders, instalment shares .............................................
Due shareholders, savings shares ...................................................
Due shareholders, accumulative prepaid shares .........................
Due shareholders, income shares ...................................................
Due shareholders, juvenile savings shares ...................................
Dividends credited ..............................................................................
Contingent fund (as per section 225 of Banking L a w )...............
Dues, etc., prepaid ..............................................................................

$14,278
569
1, 275
1,200
23
166
9
59

75
25
00
00
75
44
96
00

$17,582 15
RECEIPTS.

Dues on instalment shares credited to members...........................
Dues on savings shares ....................................................................
Dues on accumulative prepaid shares ...........................................
Dues on income shares ......................................................................
Dues on juvenile savings shares.....................................................
Money b orrow ed...................................................................................
Interest received .................. ..................•
...........................................
Advances repaid ...........................................
Deposits to secure loans......................................................................
Dues prepaid ........................................................................................
Interest on bank balance......................................................................
Interest reb a ted .....................

$14,164
808
1, 275
1, 200
23
2, 000
142
71
75
34
24
18

25
50
00
00
75
00
93
85
00
00
46
33

$19,838 07
DISBURSEMENTS.

Loaned on m ortg ag e...........................................................................
Loaned on shares ................................................................................
Instalment dues, repaid on withdrawal, or applied on loans. .*..
Paid savings shares ............................................................................
Paid borrowed money and prior mortgages...................................
Paid interest on borrowed money and prior mortgages..............
Appraisals, etc................................................................................... ....
Interest refunded ................................................................................
Cash on hand, December 31, 1912...................................................

$13, 710
200
258
239
2, 000
25
389
2
3,013

00
00
50
25
00
83
13
00
36

$19,838 07
Plan, serial. Par value of shares, $100 and $200. Instalments are 25 cents
weekly and $1 monthly.
Shares in force January 1, 1912, none; shares issued during the year, 3 320;
shares withdrawn during the year, 72; shares in force, 3,248. Borrowing
members, 16, holding 212 shares; non-borrowing members, 506, holding 3,036
shares.
Female shareholders, 51, holding 286 shares.
Total dividends
credited members during the year on instalment shares, $134.68; rate, 4.5
per cent. Total dividends credited or paid in cash to members during the
year on other shares, $31.76; rate, 4 per cent.
No unpaid withdrawals. Operating expenses, as defined in section 227 of
the Banking Law, incurred and paid during the year, none. Unpaid, none.
No premium plan. Interest paid by borrowing members, 6 per cent. No
premium charged.
Loans have been made in Kings and Westchester counties, New York State,
and in New Jersey. Largest mortgage loan outstanding, $3,600. Mortgages
in force in New York State, $11,450. No foreclosures during the year.




238

R epoet on S a v in g s a n d L oan A ssociations ,
NORTH NEW YORK SAVINGS AND LOAN ASSOCIATION.
No. 2796 Third avenue, New York, N. Y.
[Organized under Law of 1851.

Commenced business 1888.]

Officers.
Names.
President............. ROBERT B R O W N .....................
Secretary ............. j Z

GEORGE. W. C U D L IPP .

Treasurer ................./W IL L IA M H. WRIGHT.
Attorney .................* * J. HOMER HILDRETH
ASSETS.

Loans on bonds and mortgage.................................
Loans on shares .........................................................
Real estate ..................................................................
Cash on hand and in bank....................................... .
Furniture and fixtures...............................................
Interest, premium, fees and fines due and unpaid
Operating account .....................................................

Post-office addresses.
100 William Street.
657 Park Avenue.
351 East 141st Street.
Smith Bldg., 3d Ave. and
14Sth Street.

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

$215, 650
2,900
4,011
6,037
106
3, 496
439

00
00
87
22
53
13
99

$232,641 74
LIABILITIES.

----- ■

Due shareholders, instalment shares................................................
Borrowed money ..................................................................................
Earnings undivided ............................................................................
Contingent fund (as per section 225 of Banking L a w )...............
Architect and appraisal fees..............................................................

$213,298
7, 000
1, 481
10, 664
197

10
00
50
90
24

$232,641 74
RECEIPTS.

-------

Cash on hand January 1, 1912..........................................................
Dues on instalment shares credited to members...........................
Money borrowed ..................................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares rep a id .................................................................. ..
Fees received .........................................................................................
Interest r eceiv ed ...................................................................................
Premium received ................................................................................
Rent received .......................................................................................
Architect and appraisal fees..............................................................
Operating account ..............................................................................

■ ------- :

$22,059
43,797
8, 000
13,950
4, 595
1
11,051
275
331
248
439

28
92
00
00
00
00
35
75
80
47
99

$104, 750 56
DISBURSEMENTS.

Loaned on m ortg a g e............................................................................
Loaned on shares..................................................................................
Instalment dues repaid on withdrawal, or applied on lo a n s ...
Paid borrowed money and prior mortgages.................................
Paid interest on borrowed money and prior mortgages............
Paid for real estate..............................................................................
Paid salaries and clerk-hire................................................................
Paid advertising, printing and postage...........................................
Paid r e n t ................................................................................................
Paid repairs to real estate................................................................
Paid taxes, insurance, e tc ..................................................................
Paid banking department, assessment.............................................
Su n dries..................................................................................................
Architect and appraisal fees..............................................................
Interest refunded ................................................................................
Premium refunded ..............................................................................
Cash on hand, December 31, 1912......................................................




• ■

--------

$57, 950
4, 400
32, 617
1,000
96
439
850
68
240
108
426
16
161
261
58
18
6,037

00
00
01
00
85
flu
00
60
00
75
55
59
10
25
?(!
39
22

$104,750 56

IS e w Y o r k C o u n t y .
T

239

Plan, permanent. Par value of shares, $100 and $250. Instalments are
10 cents and 25 cents weekly.
Shares in force January 1, 1912, 1,615; shares issued during the year, 652;
shares withdrawn during the year, 297; shares in force, 1,970. Borrowing
members, 22, holding 250 shares; non-borrowing members, 337, holding $1,720
shares. Female shareholders, 150, holding 693 shares.
Total dividends
credited members during the year on instalment shares, $10,776.70; rate, 5V.
per cent.
No unpaid withdrawals. Operating expenses, as defined in section 227 of
the Banking Law, incurred and paid during the year, $1,319.70. Unpaid, none.
Premiunr plan, instalment. Interest paid by borrowing members, 5
per
cent, and 6 per cent. Premium paid by borrowing members, 21 cents per
share.
Loans have been made in New York county, New York State. Largest mort­
gage loan outstanding, $7,000. Mortgages in force in New York State,
$215,650. No foreclosures during the year.

POLONIA CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION.
No. 107 East Seventh street, New York, N. Y.
[Organized under Law of 1894.
Officers.
President....................
Secretary ...................
Treasurer .................
Attorney ...................

Commenced business 1903.]

Names.
LEON F. WAZETER.........................
IGNATIUS W. RAITH .....................
ANTONI CHOTKOWSKI...............
FRANCIS X. WAZETER................

Post-office addresses.
109 East Third Street.
130 East Third Street.
104 E. Seventh Street.
346 Broadway.

ASSETS.

Loans on bond and m ortgage............................................................
Loans on shares....................................................................................
Cash on hand and in hank..................................................................
Furniture and fixtures........................................................................

$22, 900
155
4, 989
75

00
00
74
00

$28,099 74
LIABILITIES.

Due shareholders, instalment shares
......................................
Due shareholders, accumulative prepaid shares.........................
Dividends credited ..............................................................................
Earnings undivided ............................................................................
Contingent fund (as per section 225 of Banking L a w ).........

$2, 621
24,450
136
689
201

50
00
90
40
94

$28,099 74
RECEIPTS.

Cash on hand January 1, 1912.........................................................
Dues on instalment shares credited to members...........................
Dues on accumulative prepaid shares.............................................
Loans on. shares repaid......................................................................
Fines received ......................................................................................
Interest received ..................................................................................
Contingent fund account by profit and loss...................................
Dividend account by profit and loss.................................................
E xch ange................................................................................................




$7,506
3,235
7,150
1,185

91
C
O
00
00
76
1,050 24
36 30
919 23
40

$21,033 84

240

R eport on S a v in g s a n d L o an A ssociations .
DISBURSEMENTS.

Loaned on mortgage ...........................................................................
Loaned on sh ares..................................................................................
Instalment dues repaid on withdrawal, or applied on lo a n s .. . .
Paid accumulative prepaid sh a r e s.............. .....................................
Dividends paid on withdrawal, or applied on loans...................
Cash dividends paid on incohie and accumulative prepaid shares
Paid salaries and clerk-hire..............................................................
Paid r e n t ................................................................................................
Paid banking department, assessment.............................................
Su n dries..................................................................................................
Profit and loss to dividends................................................................
Profit and loss to contingent fu nd.....................................................
E xchange.................................................................................................
Cash on hand, December 31, 1912......................................................

$6, 500
530
3, 194
3, 750
67
790
235
64
1
24
919
36

00
00
50
00
67
50
00
00
88
32
23
30
70
4,969 74

$21,083 S4
Plan, permanent. Par value of shares, $100. Instalments are 25 cents
weekly.
Shares in force January 1, 1912, 624; shares issued during the year, 57;
shares withdrawn during the year, 128; shares in force, 553. Borrowing
members, 6, holding 18 shares; non-borrowing members, 92, holding 535
shares. Female shareholders; 55, holding 314 shares. Total dividends cred­
ited members during the year on Instalment shares, $74.23; rate, 2 per cent.
Total dividends credited or paid in cash to members during the year on other
shares, $845; rate, 2 per cent.
No unpaid withdrawals. Operating expenses, as defined in section 227 of
the Banking Law, incurred and paid during the year, $323.62. Unpaid, none.
Premium plan, gross. Interest paid by borrowing members, 6 per cent. No
premium charged.
Loans have been made in New York county, New York State. Largest mort­
gage loan outstanding, $6,500. Mortgages in force in New York State, $22,900.
No foreclosures during the year.

PRODUCE EXCHANGE BUILDING AND LOAN ASSOCIATION.
No. 9 Stone street, New York, N. Y.
[Organized under Law of 1851.

Commenced business 1888.]

Officers.
Names.
President.....................
ALFRED R O M E R .................................
Secretary ................... HENRY A. PALMSTINE....................
Treasurer ............ /
HENRY A. PALMSTINE.......................
MORTIMER W. BYERS......................
Attorney .............. Y.

PoSt-office addresses.
26 Beaver Street.
9 Stone Street.
9 Stone Street.
41 Park Row.

ASSETS.

Loans on bond and mortgage............................................................
Contracts for the sale of real estate...............................................
Real e s t a t e .............................................................................................
Cash on hand and in bank..................................................................
Advances to shareholders....................................................................

’ $15,829
1,606
. 3, 959
12, 066
694

59
92
04
35
73

$34,156 63
LIABILITIES.

Due shareholders, instalment shares..............................................
Dividends credited ....................................... ; .....................................




$1,398 00
285 72

N e w Y okk C o u n t y .
Earnings undivided ............................................................................
Contingent fund (as per section 225 of Banking L a w )..........
Suspense account ................................................................................

2 41
$19, 926 63
12,505 85
40 43
$34,156 63

RECEIPTS.

Cash on hand January 1,1912..........................................................
Mortgages redeemed, foreclosed or transferred to real estate
Fees re ce iv e d .........................................................................................
Interest received ..................................................................................
Sale of s a f e ............................................................................................
Contract of s a le .....................■
..............................................................
Reserve fund ........................................................................................
Bank exch an ge......................................................................................

$7,597
51,700
3
3, 428
115
1, 653
30
1

27
00
00
88
00
08
92
00

$64,529 15
DISBURSEMENTS.

Instalment dues repaid on withdrawal, or applied on lo a n s ...
Dividends paid on withdrawal, or applied on loans..................
Paid salaries and clerk-hire................................................................
Paid advertising, printing and postage.........................................
Paid r e n t ...............................................................................................
Paid banking department, exam ination ........................................
Paid banking department, assessment . .. . ‘.................................
Reserve fund ........................................................................................
Profit and l o s s ......................................................................................
Special dividend ..................................................................................
Legal expenses ....................................................................................
Bank exch an ge.................................1...................................................
Contract of sale....................................................................................
General expenses..................................................................................
Cash on hand December 31, 1912.....................................................

$39, 628
9,766
1,800
20
453
18
6
431
127
36
50
1
10
113
12,066

50
18
00
63
32
50
29
46
00
72
00
00
00
20
35

$64,529 15

Plan, permanent. Par value of shares, $200. Instalments are $1 monthly.
Shares in force January 1, 1912, 872; shares issued during the year, none;
shares withdrawn during the year, none; shares in force, 872. Borrowing
members, 2, holding 16 shares; non-borrowing members, 90, holding 856
shares. Female shareholders, 35, holding 342 shares.
No unpaid withdrawals. Entrance or membership fee, 25 cents per share.
Operating expenses, as defined in section 227 of the Banking Law, incurred
and paid during the year, $2,387.15. Unpaid, none.
Premium plan, instalment. Interest paid by borrowing members, 6 per
cent. Premium paid by borrowing members, 50 cents per month per share.
Loans have been made in Westchester county, New York State, and in New
Jersey. Largest mortgage loan outstanding, $6,800. Mortgages in force in
New York State, $4,500. No foreclosures during the year.




242

R eport on S a v in g s a n d L oan A ssociations .

RAILROAD BROTHERHOODS’ SAVINGS AND BUILDING ASSOCIATION.
No. 505 Fifth avenue, New York, N. Y.
[Organized under Law o f 1851. -Commenced business 1891.]
Officers.
President....................
Secretary ..................
Treasurer .................
Attorney ...................

Names.
Post-office addresses.
EPHRAIM I. BAKER................................ 505 Fifth Avenue.
MICHAEL J. O’BRIEN............................
505 Fifth Avenue.
JOHN J. McGRANE................................ 505 Fifth Avenue.
WILLIAM LANGDON ............................
2 Rector Street.
ASSETS.

Loans on bond and mortgage..............................................................
Cash on hand and in bank....................................................................

$106,500 00
6, 942 83
$113,442 83

LIABILITIES.

Due shareholders, instalment shares...............................................
Earnings u n d iv id ed ..............................................................................
Contingent fund (as per section 225 of Banking L a w )...............

$105, 387 36
528 59
7, 526 88
$113,442 83

RECEIPTS.

Cash on hand January 1, 1912..........................................................
Dues on instalment shares credited to members...........................
Money borrowed ........................... .......................................................
Mortgages redeemed, foreclosed or transferred to real estate. . .
Fines received .......................................................................................
Interest received ...................................................................................
Premium received ...............................................................................

$7,765
49, 691
4, 500
22, 950
7
4, 991
2,419

73
11
00
00
70
53
83

$92,325 90
DISBURSEMENTS.

Loaned on mortgage..............................................................................
Instalment dues repaid on withdrawal, or applied on lo a n s...
Paid borrowed money and prior mortgages...................................
Paid interest on borrowed money and prior mortgages..............
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage...........................................
Paid r e n t ................................................................................................
Paid banking department ...............................................................
Officers’ bonds ................................................................................ \ . .
Metropolitan and State League dues.............................................
Notary fees ............................................................................................
Canceled account redeem ed................................................................
Cash on hand December 31, 1912......................................................

$23, 400
55, 535
4, 500
45
1,389
35
300
39
20
30
2
84
6,942

00
70
00
00
50
50
00
93
00
00
50
94
83

$92,325 90
Plan, permanent. Par value of shares, $200. Instalments are $1 monthly.
Shares in force January 1, 1912, 2,396; shares issued during the year, 4 2 i;
shares withdrawn during the year, 479; shares in force, 2,338. Borrowing
members, 39, holding 456 shares; non-borrowing members, 288, holding, 1,882
shares. Female shareholders, 97, holding 575 shares. Total dividends credited
members during the year on instalment shares, $5,337.24; rate, 6. per cent.
No unpaid withdrawals. Operating expenses, as defined in section 227 of
the Banking Law, incurred and paid during the year, $1,777.50. Unpaid, none.




243

N ew Y ork C o u n ty.

Premium plan, instalment. Interest paid by borrowing members, 5 per
cent. No stated premium.
Loans have been made in Kings, Queens, Rockland and Westchester counties,
New York State, and in New Jersey. Largest mortgage loan outstanding,
$8,250. Mortgages in force in New York State, $62,550. No foreclosures dur­
ing the year.
RAILROAD CO-OPERATIVE BUILDING AND LOAN ASSOCIATION.
No. 103 Park avenue, New York, N. Y.
[Organized under Law of 1851.

Commenced business 1890.]

Officers.
Names.
President...............✓ JOHN F. FAIRLAMB..............................
Secretary .............S/. GEORGE A. MARTIN...........................
ALONZO H. JOSEPH...........................
Treasurer ...........: . .
Attorney ...................
HENRY P. GRIFFIN............................

Post-office addresses.
Yonkers, N. Y.
Yonkers, N. Y.
425 Park Avenue.
White Plains, N. Y.

ASSETS.

Loans on bond and mortgage............................................................ $1,172, 674 99
Loans on shares....................................................................................
21,250 82
Stocks and bonds..................................................................................
29.886 81
Contracts for the sale of real estate.................................................
8, 600 10
Real estate ............................................................................................
1, 000 00
Cash on hand and in bank..................................................................
1, 756 93
Furniture and fixtures........................................................................
812 75
Interest, premium, fees and finesdue and unpaid.........................
1,709 88
Advances for taxes, insurance, etc.....................................................
101 63
$1,237,793 91
LIABILITIES.

Due shareholders, instalment shares...............................................
Due shareholders, savings shares.......................................................
Dividends c re d ite d ................................................................................
Borrowed m o n e y ..................................................................................
Earnings u ndivid ed...........................................................
Contingent fund (as persection 225 of Banking L a w )..................
Suspense account .............................................
Loan expense security.................................................................. . •••
A d v a n ces................

$288, 809
817,856
64, 557
21, 000
285
44,200
410
476
197

00
24
66
00
98
00
98
80
25

$1,237,793 91
RECEIPTS.

Cash on hand January 1, 1912...........................................................
Dues on instalment shares credited to members...........................
Dues on savings shares........................................................................
Money borrowed ..................................................................................
Mortgages redeemed, foreclosed or transferred to real estate...
Loans on shares repaid..............................................
Fines received ......................................................................................
Interest received ................................................................................
Premium received ................................................................................
Advances repaid .............................................
Reverted dividends ..............................................................................
Real estate contracts............................................................................
Loan expense security..........................................................................
Com m issions..........................................................................................
M iscellaneous........................................................................................




$2,208
87, 365
312,292
85, 300
153,101
23,889
126
64,572
536
1,196
170
1,280
1,492
419
1, 550

12
00
68
00
34
14
82
69
08
95
88
12
15
87
04

$735,501 88

244

R eport on S a y in g s a n d L o an A ssociations .
DISBURSEMENTS.

Loaned on mortgage.............................................................................
Loaned on shares....................................................................................
Instalment dues repaid on withdrawal, or applied on loans. . .
Paid savings shares ............................................................................
Dividends paid on withdrawal, or applied on loans...................
Paid matured shares ........................................................................
Paid borrowed money and prior mortgages...................................
Paid interest on borrowed money and prior mortgages............
Paid salaries and clerk-hire...............................................................
Paid advertising, printing and postage...........................................
Paid r e n t ................................................................................................
Paid taxes, insurance, e tc ..................................................................
Paid banking department, assessment...........................................
Advances for taxes, insurance, etc....................................................
Loan expense security............................... .....................................: . .
Office expen ses.......................................................................................
F u rn itu re.................
Suspense account .................................................................................
Directors’ fees .......................................................................................
M iscellaneous........................................................................................
Cash on hand December 31, 1912.......................................................

$407,512
22,975
59, 123
122, 496
8,706
25, 126
72,800
507
6,021
653
839
1,599
74
1,019
1,436
403
647
1,128
173
499
1,756

95
00
00
81
52
49
00
52
99
30
16
75
79
11
85
10
75
79
00
07
93

$735,501 88
Plan, permanent. Par value of shares, $200. Instalments are $1 per month.
Shares in force January 1, 1912, 17,048; shares issued during the year,
9,919; shares withdrawn during the year, 2,097; shares in force, 24,870. Bor­
rowing members, 346, holding 105 shares; non-borrowing members, 1,971,
holding 24,765 shares. Female shareholders, 563, holding 6,658 shares. Total
dividends credited members during the year on instalment shares, $17,350.11;
rate,*6 per cent.- Total dividends credited or paid in cash to members during
the year on other shares, $34,990.97; rate, 5 per cent. Total dividends for­
feited by withdrawing members during the year, $170.88.
No unpaid withdrawals. Amount of shares matured during the year,
$25,126.49. Operating expenses, as defined in section 227 of the Banking Law,
incurred and paid during the year, $8,673.01. Unpaid, none.
Premium plan, instalment. Interest paid by borrowing members, 6 per cent.
Premium paid by borrowing members, 40 cents per share.
Loans have been made in Kings, Nassau, New York, Queens, Kichmond,
Rockland and Westchester counties, New York State, and in New Jersey.
Largest mortgage loan outstanding, $13,393.96. Mortgages in force in New
York State, $847,128.92. No foreclosures during the year.

SAFETY CO-OPERATIVE BUILDING, LOAN AND SAVINGS
ASSOCIATION OF NEW YORK.
No. 216 East Twenty-sixth street, New York, N. Y.
[Organized under Law o f 1851.
Officers.
P resident...................
Treasurer .................
Attorney ...................

Commenced business 1888.]

Names.
Post-office addresses.
HALSTEAD H. FROST, Jn.........................
141 Broadway.
ROBERT G. HUNTER..................................... 873 Broadway.
HALSTEAD H. FROST, J b .......................... 141 Broadway.
ASSETS.

Cash on hand and in bank................................................................

$18 00

LIABILITIES.

Due shareholders, instalment shares........................................... ..




$18> 00

H ew Y ork C o u n ty.

245

RECEIPTS.

Cash on hand January 1, 1912.......................................................

$18 00

DISBURSEMENTS.

Cash on hand December 31, 1912.....................................................

$18 00

Plan, serial and permanent. Par value of shares, $250. Instalments are 25
cents monthly.
Shares in force January 1, 1912, 18; shares issued during the year, none;
shares withdrawn during the year, none; shares in force, 18. No borrowing
members. Non-borrowing members, 9, holding 18 shares. Female share­
holders, 1, holding 2 shares.
No unpaid withdrawals. Operating expenses, as defined in section 227 of
the Banking Law, incurred and paid during the year, none. Unpaid, none.
No premium plan.
No loans outstanding. No foreclosures during the year.

SCANDINAVIAN BUILDING AND MUTUAL LOAN ASSOCIATION OF
NEW YORE AND BROOKLYN.
No. 207 East Fifty-sixth street, New York, N. Y.
[Organized under Law of 1851.
Officers.
President . . . . 1 . . . . .
Secretary ..................
Treasurer .................
Attorney ...................

Commenced business 1888.]

Names.
AUGUST HALLBLOM.................
CHARLES G. EDLING................
ALBERT HANSEN ....................
CHARLES W. LEEMAN.............

Post-office addresses.
46 Vesey Street.
64 White Street.
1380 Plympton Avenue.
375 Fulton St., Brooklyn.

ASSETS.

Loans on bond and mortgage...................................
Loans on shares............................................................
Contracts for the sale of real estate.......................
Real e s t a t e ....................................................................
Cash on hand and in bank.......................................
Interest, premium, fees and fines due and unpaid
Advances for taxes, insurance, etc...........................

$9,043
605
1,000
4,454
416
203
137

80
00
00
38
13
98
84

$15,861 13
LlABILi'i'iiiiS.

Due shareholders, instalment shares...............................................
Dividends credited ..............................................................................
Due shareholders, matured shares...................................................
Earnings undivided ............................................................................
Contingent fund (as per section 225 of Banking L a w )............

$9, 309
2, 023
3, 837
294
395

65
55
46
64
83

$15,861 13
RECEIPTS.

Cash on hand January 1, 1912......................................................
Dues on instalment sharescredited to members.............................
Mortgages redeemed, foreclosed or transferred to real estate. .
Loans on shares repaid........................................................................
Interest re ceiv ed ..................................................................................
Advances repaid ..................................................................................
Reverted d iv id en d s..............................................................................
Apportioned dividen ds........................................................................




$443
1,303
2, 220
65
730
100
1
394

14
00
00
00
91
00
37
81

$5,258 23

246

R eport on S a y in g s a n d L o an A ssociations .
DISBURSEMENTS.

Loaned on shares .................................................................................
Instalment dues repaid on withdrawal, or applied on lo a n s ...
Dividends paid on withdrawal, or applied on loans...................
Paid matured shares............................................................................
Paid salaries and clerk-hire..................................................
Paid advertising, printing and postage.........................................
Paid rent ...............................................................................................
Paid taxes, insurance, etc..................................................................
Paid banking department, examination.........................................
Paid banking department, assessment.............................................
Miscellaneous .......................................................................................
Cash on hand December 31, 1912......................................................

$325 00
1,436 00
331 50
2,445 81
120 00
22 50
50 00
61 94
19 30
1 35
28 70
416 13

.....

$5,258 23
Plan, permanent. Par value of shares, $200. Instalments are $1 monthly.
Shares in force January 1, 1912, 167; shares issued during the year, 6;
shares withdrawn during the year, 34; shares in force, 139. Borrowing mem­
bers, 5, holding 44 shares; non-borrowing members, 17, holding 95 shares.
Female shareholders, 3, holding 29 shares. Total dividends credited members
during the year on instalment shares, $411.92; rate, 4 per cent. Total divi­
dends forfeited by withdrawing members during the year, $1.37.
No unpaid withdrawals. Amount of shares matured during the year, $1,800.
Operating expenses, as defined in section 227 of the Banking Law, incurred
and paid during the year, $221.20. Unpaid, none.
No premium plan. Interest paid by borrowing members, 6 per cent. No
premium charged.
Loans have been made in Queens, Rockland and Westchester counties, New
York State, and in New Jersey. Largest mortgage loan .outstanding, $3,800.
Mortgages in force in New York State, $5,243.80. No foreclosures during the
year.
SERIAL BUILDING, LOAN AND SAVINGS INSTITUTION.
No. 195 Broadway, New York, N. Y.
[Organized under Law of 1851.

Commenced business 1885.]

Officers.
Names.
Post-office addresses.
President.................... A. G. SAYLOR...............................................
195 Broadway.
Vice-President........... JAMES R. BEARD........................................
66 Broadway.
Secretary ...................//E D W IN F. HOWELL................................... 253 Broadway.
Attorney ................... ' JOHN T. MULHALL...................................... 206 Broad>vay.
ASSETS.

Loans on bond and m ortgage.........................
Loans on shares.................................................
Contracts for the sale of real estate.............
Real estate .. i ....................................................
Cash on hand and in bank.............................
Furniture and fixtures.....................................
Advances for taxes, insurance, e tc .................

$585,710
5,069
9,593
14,871
12,161
400
1,657

05
00
32
76
45
00
65

$629,463 23
LIABILITIES.

Due shareholders, instalment shares...............................................
Due shareholders, savings shares......................................................
Due shareholders, income shares......................................................
Due shareholders, juvenile savings shares.....................................
Dividends credited ..............................................................................




$158, 405
106,799
235, 200
1,160
42, 235

00
00
00
10
93

N e w Y ork C ou n ty.
Balance to be paid borrowers on mortgage loans.........................
Prior mortgages ..................................................................................
Borrowed m o n e y ..................................................................................
Earnings undivided ............................................................................
Contingent fund (as per section 225 of Banking L a w )..............

247
$16, 667
16, 500
15, 100
11, 307
26,088

27
00
00
88
05

$629,463 23
RECEIPTS.

Qash on hand January 1, 1912..........................................................
$19,256 01
Dues on instalment shares credited to members.........................
49, 863 00
Dues on savings shares.....................................................................
72, 492 00
Dues on income shares......................
56, 100 00
Dues on juvenile savings shares........................................................
843 10
Money borrowed ..................................................................................
2, 900 00
Mortgages redeemed, foreclosed or transferred to real estate..
56,052 18
Loans on shares repaid........................................................................
6, 384 00
Real estate sold....................................................................................
583 25
Interest receiv ed ..................................................................................
30, 637 89
Premium receiv ed ................................................................................
523 84
Advances r e p a id .........................................................................................
3,54619
Income dividends returned..................................................................
173 62
M iscellaneous.......................................................................
9 82
Profit and loss......................................................................................
74 72
$299,439 62
DISBURSEMENTS.

Loaned on mortgage............................................................................
Loaned on shares................................
Instalment dues repaid on withdrawal, or applied on loans. . .
Paid savings sh a r e s............................................................................
Paid income shares ............................................................................
Paid juvenile savings shares..............................................................
Dividends paid on withdrawal, or applied on loans...................
Cash dividends paid on income and accumulative prepaid
sh a res.............................................................................................. ...
Paid borrowed money and prior mortgages...................................
Paid interest on borrowed money and prior mortgages............
Paid for real estate............................................................................
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage.........................................
Paid rent ...............................................................................................
Paid repairs to real estate................................................................
Paid taxes, insurance, e tc ..................................................................
Paid banking department, examination.........................................
Paid banking department, assessment...........................................
Advances for taxes, insurance, etc.................................................
Miscellaneous expenses . . . ’. ..............................................................
Office furniture ....................................................................................
Cash on hand December 31, 1912............................................

$111,182 73
5,765 00
52, 285 00
38,719 00
36, 900 00
382 50
14,415 33
10,123
1,540
789
4,094
4,548
1,080
270
82
250
60
42
3, 969
544
231
12,161

22
38
23
85
50
71
00
50
47
50
77
38
60
50
45

$299,439 62
Plan, permanent. Par value of shares, $100 and $200. Instalments are
$1 monthly.
Shares in force January 1, 1912, 8,615; shares issued during the year,
5,927; shares withdrawn during the year, 2,158; shares in force, 12,384.
Borrowing members, 159, holding 1,254 shares; non-borrowing members, 1,593,
holding 11,130 shares. Female shareholders, 760, holding 5,017 shares- Total




R eport on S a y in g s a n d L o an A ssociations .

248

dividends credited members during the year on instalment shares, $12,728.94;
rate, 5.62 per cent.
Total dividends credited or paid in cash to members
during the year on other shares, $16,306.47;, rate, 4 per cent, and 5 per cent.
No unpaid withdrawals. Amount of shares matured during the year,
$24,800. Operating expenses, as defined in section 227 of the Banking Law,
incurred and paid during the year, $6,443.81. Unpaid, none.
Premium plan, instalment. Interest paid by borrowing members, 6 per
cent. Premium paid by borrowing members, 10 cents per $100.
Loans have been made in Kings, Nassau, New York, Orange, Queens, Rich­
mond, Rockland, Suffolk and Westchester counties, New York State, and in
New Jersey. Largest mortgage loan outstanding, $7,000. Mortgages in force
in New York State, $249',906.64. Two foreclosures during the year.

SHERMAN PARK BAU-YEREIN No. i.
No. 222 East Forty-second street, New York, N. Y.
[Organized under Law of 1851.
Officers.
President. .
Secretary . .
Treasurer .
Attorneys ..

Commenced business 1892.]

Names.
ERNST PROBST ................................
JOHN EISENHAUER ........................
MARTIN W EISS...................................
BARRETT & BUCKBEE......................

Post-office addresses.
246 East 57th Street.
244 East 30th Street.
Sherman Park, N. Y.
White Plains, N. Y.

ASSETS

Loans on bond and mortgage.......................
Loans on shares...............................................
Cash on hand and in bank...........................

$6,600 00
400 00
3,843 78
$10,843 78

LIABILITIES.

Due shareholders, instalment shares................................................
Due shareholders, savings Shares......................................................
Dividends credited ..............................................................................
Earnings undivided ............................................................................
Contingent fund (as per section 225 of Banking L a w )............
Unearned or rebatable premium........................................................

$6,570
500
2, 488
954
180
149

16
00
46
90
49
77

$10, 843 78
RECEIPTS. .

Cash on hand January 1, 1912..........................................................
Dues on instalment sharescredited to members...........................
Loans on shares repaid........................................................................
Fees received .........................................................................................
Interest r e ce iv e d ..................................................................................
Premium receiv ed ...........................................................
Reverted d iv iden ds..............................................................................

$3,217
1,231
200
2
365
50
2

04
00
00
00
00
00
30

$5,067 34
DISBURSEMENTS.

Loaned on mortgage............................................................................
Loaned on shares...................................................................................
Instalment dues repaid on withdrawal, or applied on loans. . . .
Dividends paid on withdrawal, or applied on loans...................
Paid salaries and clerk-hire ............................................................
Paid advertising, printing and postage.........................................




$600
400
H6
30
50
12

00
00
00
60
00
95

N ew Y ork C ounty.

249

Paid banking department, examination.........................................
Paid banking department, assessment..........................................
Cash on hand December 31, 1912......................................................

$1330
71
3,843 78
$5,067 34

Plan, serial. Par value of shares, $200. Instalments are $1 monthly.
Shares in force January 1, 1912, 100; shares issued during the year, 6;
shares withdrawn during the year, 2; shares in force, 104. Borrowing mem­
bers, 0, holding 27 shares; non-borrowing members, 27, holding 77 shares.
Female shareholders, 3, holding 16 shares. Total dividends credited members
during the year on instalment shares, $420.87; rate, 7 per cent. Total divi­
dends credited or paid in cash to members during' the year on other shares,
$25; rate, 5 per cent. Total dividends forfeited by withdrawing members
during the year, $2.30.
No unpaid withdrawals. Entrance or membership fee, $1 per member.
Operating expenses, as defined in section 227 of the Banking Law, incurred
and paid during the year, $62.95. Unpaid, nonePremium plan, gross. Interest paid by borrowing members, 6 per cent.
Premium paid by borrowing members, 10 per cent.
Loans have been made in Westchester county, New York State. Largest
mortgage loan outstanding, $1,400. Mortgages in force in New York State,
$6,600. No foreclosures during the year.

STAR CO-OPERATIVE BUILDING AND LOAN ASSOCIATION.
No. 257 Broadway, New York, N. Y.
[Organized under Law o f 1851.
Officer?.
President....................
Secretary ..................
Treasurer .................
Attorney ...................

Commenced business 1888.]

Names.
GEORGE H. PHILLIPS.......................
CHRISTIAN PETERSEN.....................
uiittlSTIAN P E T E R S E N ..................
JAMES M. TULLY..............................

Post-office addresses.
432 Central Park, W.
247 Broadway.
247 Broadway.
271 Broadway.

ASSETS.

Loans on bond and mortgage.'..........................................................
Contracts for the sale of real estate...............................................
Real e s t a t e ............................................................................................
Cash on hand and in bank..................................................................
Furniture and fixtures.........................................................-..............
Advances for taxes, insurance, etc...................................................

$25, 250
2, 500
1,597
455
10
6

00
00
71
55
75
25

$29,820 26
LIABILITIES.

Due shareholders, instalmentshares................................................
Dividends credited ..............................................................................
Prior mortgages ............................................................. ■
...................
Earnings undivided ............................................................................
Contingent fund (as per section 225 o,f Banking L a w )..............
Suspense account ................................................................................

..........

.......—

$11,515
5, 393
10, 000
344
2,479
87

31
40
00
45
60
50

$29, 820 26
RECEIPTS.

Cash on hand January 1, 1912..........................................................
Dues on instalment shares credited to members...........................
Mortgages redeemed, foreclosed or transferred to real estate..
Interest receiv ed ...............................................................................
Premium receiv ed ................................................................................
Rent receiv ed ........................................................................................




— .......... ..........

$587
1, 310
1,244
826
282
120

27
67
69
61
20
00

25 0

R eport on S a v in g s a n d L o an A ssociations .

Advances repaid ...................................................................................
Real estate contracts............................................................................
Safe s o l d .................................................................................................
Reverted div id en d s..............................................................................

$7
680
50
67

50
34
00
70

$5,176 98
DISBU RSEM EN TS.

: ... ;

Instalment dues repaid on withdrawal, or applied on lo a n s .. . .
Dividends paid on withdrawal, or applied on loans..................
Paid matured shares ...................................................., ..................■
.
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage.........................................
Paid rent .............................................
Paid taxes, insurance, etc..................................................................
Paid banking department, examination.........................................
Paid banking department, assessment...........................................
Officers’ bonds ............................
Legal expenses......................................................................................
Auditors ..............................................................................................
Trustees’ f e e s ........................................................................................
N o t a r y ....................................................................................................
Sundry expenses ..................................................................................
Discount on contract............................................................................
Suspense account ................................................................................
Cash on hand December 31, 1912.....................................................

$766
338
2, 548
448
7
104
97
29
1
20
253
20
6
2
6
39
35
455

00
54
66
00
50
00
02
00
66
00
00
00
00
00
00
00
05
55

$5,176 98
Plan, permanent. Par value of shares, $200 and $250. Instalments are $1
monthly.
Shares in force January 1, 1912, 163; shares issued during the year, 4;
shares withdrawn during the year, 22; shares in force, 145. Borrowing mem­
bers, 7, holding 51 shares; non-borrowing members, 22, holding 94 shares.
No record of female shareholders. Total dividends credited members during
the year on instalment shares, $1,051.62; rate, 5
per cent. Total dividends
forfeited by withdrawing members during the year, $67.70.
No unpaid withdrawals. Amount of shares matured during the year,
$1,000.42. Operating expenses, as defined in section 227 of the Banking Law,
incurred and paid during the year, $613.50. Unpaid, none.
Premium plan, instalment. Interest paid by borrowing members, 5
per
cent. Premium paid by borrowing members, 6 cents to 10 cents per week.
Loans have been made in Kings, New York and Queens counties, New York
State, and in New Jersey. Largest mortgage loan outstanding, $4,000. M ort­
gages in force in New York State, $3,750. No foreclosures during the year.

%

y
5

STEAMSHIP CLERKS’ SAVINGS AND LOAN ASSOCIATION.
Pier 14, East River, New York City.
[Organized under Law of 1910.

Commenced business 1911.]

Officers.
Names.
Post-office addresses.
President . . ............... HENRY E. de B E D T S .. . 4092 Perris St., Woodhaven, L. I.
Secretary .................. NAT. E. FARNHAM......... 128 Stiles St., Elizabeth, N. J.
Treasurer ................. JOHN J. HARRINGTON. 307 W. 126th Street.
Attorney..................... ^M ARTIN 'S. C O H E N .... 302 Broadway.
ASSETS.

Loans on- bond and mortgage
Loans on shares...................
Stocks and bonds.................... .




$7,400 00
6,983 00
4,171 25

N e w Y ork C ounty.
Cash on hand and in bank................................................................
Furniture and fixtures........................................................................
Interest, premium, fees and fines due and unpaid.......................

251
$566 92
40 50
133 18
$19,294 85

L IA B IL IT IE S .

Due shareholders, instalment shares...............................................
Due shareholders, savings shares...................................................
Due shareholders, accumulative prepaid shares...........................
Due shareholders, income shares.....................................................
Due shareholders, juvenile savings shares.....................................
Dividends credited ..............................................................................
Borrowed m o n e y ..................................................................................
Earnings undivided ............................................................................
Contingent fund (as per section 225 of Banking L a w )..............

$12, 532 43
2,147 16
1,800 00
100 00
1600
128 67
2, 000 00
558 18
12 41
$19,294 85

RECEIPTS.

Cash on hand January 1, 1912..........................................................
Dues on instalment shares credited to members.........................
Dues on savings shares......................................................................
Dues on accumulative prepaid shares.............................................
Dues on income shares........................................................................
Dues on juvenile savings shares......................................................
Money borrowed ..................................................................................
Loans on shares repaid........................................................................
Fines r e ce iv e d ......................................................................................
Interest receiv ed ..................................................................................
Deposit on application for mortgage...............................................

$738'
9,508263
300
100
44
2, 500
5,218
2
790
25

41
18
20
00
00
00
00
08
62
56
00

$19,490 05
DISBURSEMENTS.

Loaned on mortgage............................................................................
Loaned on shares................................. ................................................
Instalment dues repaid on withdrawal, or applied on loans. . . .
Paid savings sh a r e s ............................................................................
Paid accumulative prepaid shares...................................................
Paid juvenile savings shares. . . : .....................................................
Dividends paid on withdrawal, or applied on loans.....................
Paid borrowed money and prior mortgages...................................
Paid interest on borrowed money and prior mortgages............
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage...........................................
Paid banking department, examination.........................................
Paid banking department, assessm ent...........................................
Officers’ bonds ......................................................................................
Secretary’s supplies ............................................................................
Deposits on applications refunded...................................................
Subscriptions ........................................................................................
Safe deposit b ox ....................................................................................
Bonds pu rchased..................................................................................
Interest on bond purchased ..............................................................
Cash on hand December 31, 1912.....................................................




$4, 000
7,834
3, 073
795
600
48
46
1,300
61
15
9
27

00
08
00
82
00
00
62
00
06
00
02
00
90
20 00
475
25 00
15 00
5 00
1, 021 25
21 63
566 92

$19,490 05

252

R eport on S avings and L oan A ssociations.

Plan, permanent. Par value of shares, $200. Instalments are 25 cents
weekly.
Shares in force January 1, 1912, 917; shares issued during the year, 250;
shares withdrawn during the year, 285; shares in force, 882. Borrowing
members, 71, holding 438 shares; non-borrowing members, 09, holding 444
shares. Female shareholders, 15, holding 83 shares. Total dividends credited
members during the year on instalment shares, $05; rate, 4 per cent. Total
dividends credited or paid in cash to members during the year on other shares,
$110.29; rate, 4 per cent. Total dividends forfeited by withdrawing members
during the year, $1.94.
No unpaid withdrawals. Operating expenses, as defined in section 227 of
the Banking Law, incurred and paid during the year, $68.77. Unpaid, none.
No premium plan. Interest paid by borrowing members, 6 per cent. No
premium charged.
Loans have been made in Westchester county, New York State, and in New
Jersey. Largest mortgage loan outstanding, $3,400. Mortgages in force in
New York State, $3,900. No foreclosures during the year.

TEACHERS’ BUILDING AND LOAN ASSOCIATION OF NEW YORK CITY.
No. 156 Fifth avenue, New York, N. Y.
[Organized under Law of 1851.
Officers.
President....................
Secretary ..................
Treasurer .................
Attorney ...................

Commenced business 1888.]

Names.
JOHN F. WATERS..............................
RICHMOND B. ELLIOTT..................
SAMUEL McC. CROSBY......................
MAXWELL HALL ELLIO TT.............

Post-office addresses.
156 Fifth Avenue.
156 Fifth Avenue.
69 East 94th Street.
277 Broadway.

ASSETS.

Loans on bond and mortgage.....................................
Loans on shares............................................................
Beal estate ....................................................................
Cash on hand and in bank.........................................
Interest, premium, fees and fines due and unpaid
Advances for taxes, insurance, etc...........................
Suspended a c c o u n t........................................................

$363,088
5,660
127,580
23,896
3,864
691
256

79
00
00
55
71
46
81

. $525,038 32
LIABILITIES.

Due shareholders, instalment shares...............................................
$294, 642
Due shareholders, income shares........................................................
9,400
Dividends credited ..............................................................................
49,528
Due shareholders, matured shares....................................................
78,210
Balance to be paid borrowers on mortgage loans.........................
2,000
Prior m ortgages....................................................................................
65, 000
Earnings undivided ............................................................................
2, 628
22,865
Contingent fund (as per section 225 of Banking L a w )................
Personal a c c o u n t...................................................................................
513
Appraisal deposits . . ; ........................................................................
172
Undivided profits .................................................................................................... 77
Dividend account ................................................................................

00
00
79
00
00
00
62
34
40
13
80
24

$525,038 32
RECEIPTS.

Cash on hand January 1, 1912..........................................................
Dues on instalment shares credited to members...........................
Dues on income shares..........................................................................
Mortgages redeemed, foreclosed or transferred to real esta te...
Loans on shares repaid............................. -..........................................




$32,277
58,765
6,400
53, 850
4,029

97
00
00
14
00

N e w Y ork C o u n ty.
Fees received ........................................................................................
Fines received ..................................... . ...............................................
Interest received ..................................................................................
Premium received ................................................................................
Rent received..........................................................................................
Advances r e p a id ....................................................................................
Expense account ..................................................................................
Appraisal deposits ...............................................
Reverted dividends ............................................................................
Matured shares ....................................................................................
Suspended accounts ............................................................................

253
$88
30
21, 952
1, 077
7, 750
325
20
154
658
20, 400
1,863

00
90
45
64
68
61
78
25
03
00
04

$209,643 58
DISBURSEMENTS.
Loaned on mortgage............................................................................
Loaned on shares................................................ '.................................
Instalment dues repaid on withdrawal, or applied onloans. . . .
Paid income shares.............................................................................. ..
Dividends paid on withdrawal, or applied on loans.....................
Cash dividends paid on income and accumulative prepaid
sh a r e s..................................................................................................
Paid matured shares ..........................................................................
Paid interest on borrowed money andprior mortgages................
Paid for real estate............................................................................
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage.........................................
Paid r e n t ................................................................................................
Paid repairs to real estate................................................................
Paid taxes, insurance, etc................
Paid banking department, examination.........................................
Paid banking department, assessment...........................................
Advances for taxes, insurance, etc...................................................
Profit and loss......................................................................................
Appraisal fees ......................................................................................
Legal expenses......................................................................................
Loss on real estate................................................................................
Suspended account ..............................................................................
Expense account ..................................................................................
Cash on hand December 31, 1912.......................................................

$43,150.00
2, 260 00
43, 604 00
6,000 00
8,817 48
4, 461
41, 442
3, 250
17,220
2,894
75
450
4, 935
2,106
105
39
205
454
224
1, 421
235
2, 119
272
23,896

00
00
00
00
98
50
00
99
63
40
92
53
91
60
58
19
85
47
55

$209, 643 58
Plan, serial. Par value of shares, $200. Instalments ‘ are $1 monthly.
Shares in force January 1, 1912, 5,623; shares issued during the year,
1,064; shares withdrawn during the year, 1,013; shares in force, 5,674. Bor­
rowing members, 63, holding 545 shares; non-borrowing members, 844,
holding, 5,129 shares. Female shareholders, 796, holding 4,779 shares. Total
dividends credited members during the year on instalment shares, $12,388.96;
rate, 4 per cent. Total dividends credited or paid in cash to members during
the year on other shares, $4,461; rate, 4 per cent. Total dividends forfeited
by withdrawing members during the year, $454.91.
No unpaid withdrawals. Amount of shares matured during the year,
$20,400. Entrance or membership fee, $1 per member. Operating expenses,
as defined in section 227 of the Banking Law, incurred and paid during the
year, $3,692.95. Unpaid, none.
1 Premium plan, instalment. Interest paid by borrowing members, 5 per
cent, and 6 per cent. Premium paid by borrowing members, 20 cents to
30 cents per share.
Loans have been made in Kings, New York, Queens, Richmond and West­
chester counties, New York State, and in New Jersey. Largest mortgage
loan outstanding, $15,500. Mortgages in force in New York State, $162,198.76.
Six foreclosures during the year.




25 4

R eport on S a v in g s a n d L o an A ssociations .

TEACHERS’ CO-OPERATIVE BUILDING AND LOAN ASSOCIATION OF
THE CITY OF NEW YORK.
No. 166 East Sixtieth street, New York, N. Y.
[Organized under Law o f 1851.
Officers.
President....................
Secretary ..................
Treasurer .................
Attorney ...................

Commenced business 1888.]

Names.
JOSEPH G. FUREY...............
MAGNUS GROSS ....................
JAMES M. KIERAN...............
F. C. LEUBUSCHER...............

Post-office addresses.
3035 Ocean Ave., Brooklyn
620 West 179th Street.
Boston Avenue, Bronx.
258 Broadway.

ASSETS.

Loans on bond and mortgage.......................
Loans on shares................................................
Contracts for the sale of real estate..........
Real e s t a t e ........................................................
Cash on hand and in bank............................. .
Furniture and fixtures...................................
Advances for taxes, insurance, etc...............

$143,550
3,137
3,440
7,000
5,016
150
24

00
00
00
00
11
00
00

$162,317 11
LIABILITIES.

Due shareholders, instalment shares...............................................
Dividends credited ..............................................................................
Due shareholders, matured shares....................................................
Borrowed money .................................................................................
Earnings undivided .............................................................................
Contingent fund (as per section 225 of Banking L a w )...............
Suspense account ................................................................................

$100,782
21,213
26, 880
3,880
745
8, 000
816

00
96
00
00
15
00
00

$162,317 11
RECEIPTS.

Cash on hand January 1, 1912..........................................................
Dues on instalment shares credited to members...........................
Money borrowed ...................................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares repaid........................................................................
Real estate sold.....................................................................................
Fees received ........................................................................................
Fines received ..........................................................................
Interest received ...................................................................................
Premium r e ce iv e d ................................................................................
Rent re ce iv e d .........................................................................................
Advances repaid ................................
Dividend account . . . . : ......................................................................
Contingent fund ..................................................................................
Reverted dividends .............................................................................
Real estate contracts............................................................................
Profit on real estate............................................................................
A p p ra isa ls...............................................................................................

$1,572
19, 628
5, 000
20, 340
1,180
3, 150
32
152
7, 957
1, 023
510
403
5, 524
875
415
60
350
240

06
00
00
00
00
00
75
53
22
72
00
30
39
00
80
00
00
00

$68,414 77
DISBURSEMENTS.

Loaned on mortgage............................................................................
Loaned on shares...................................................................................
Instalment dues repaid on withdrawal, or applied on loans. . .
Dividends paid on withdrawal, or applied on loans.....................
Cash dividends paid on income and accumulative prepaid
sh a r e s...................................................................................................




$10, 000
1,075
12, 500
1, 932

00
00
00
44

1,075 20

255

N ew Y ork C ounty.
Paid matured shares ..........................................................................
Paid borrowed money and prior mortgages.................................
Paid interest on borrowed money and prior mortgages.............
Paid for real estate..................................................................
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage...........................................
Paid r e n t ................................................................................................
Paid repairs to real estate................................................................
Paid taxes, insurance, e tc....................................................................
Paid banking department, examination...........................................
Paid banking department, assessment...........................................
Advances for taxes, insurance, e tc ...................................................
Real estate contracts................................... ........................................
Committee expenses ............................................................................
Legal expenses ....................................................................................
General expenses ...................................................................................
Contingent fund ................................................................................ Dividend account ................................................................................
Cash on hand December 31, 1912......................................................

$1, 924
13,200
567
7,443
1,558
97
200
580
423
32
12
239
3, 500
32
363
212
875
5,554
5,016

37
00
50
37
28
75
00
15
28
50
30
00
00
50
11
82
00
09
11

$68,414 77
Plan, serial. Par value of shares, $200. Instalments are $1 monthly.
Shares in force January 1, 1912, 1,809; shares issued during the year, 701;
shares withdrawn during the year, 629; shares in force, 1,881. Borrowing
members, 33, holding 513 shares; non-borrowing members, 237, holding 1,368
shares. Female shareholders, 237, holding 1,233 shares. Total dividends
credited members during the year on instalment shares, $4,449.19; rate, 4
per cent. Total dividends credited or paid in cash to members during the
year on other shares, $1,075.20; rate 4 per cent. Total dividends forfeited
by withdrawing members during the year, $415.80.
No unpaid withdrawals. Amount of shares matured during the year,
$1,920. Entrance or membership fee, $1 per member. Operating expenses,
as defined in section 227 of the Banking Law, incurred and paid during the
year, $2,101.35. Unpaid, none.
Premium plan, instalment. Interest paid by borrowing members, 5 per
cent, and 6 per cent. Premium paid by borrowing members, 25 cents per
month per share.
Loans have been made in New York, Kings, Queens and Westchester coun­
ties, New York State and in New Jersey. Largest mortgage loan outstanding,
$16,480. Mortgages in force in New York State, $140,910. Two foreclosures
during the year.

TREMONT BUILDING AND LOAN ASSOCIATION.
No. 1931 Washington avenue, New York, N. Y.
[Organized under Law of 1851.
Officers.

President

SecretaryTreasurer
Attorney

Commenced business 1884.]

Post-office addresses.
Names.
THOMAS C. LEW IS........................ 2785 Briggs Avenue.
.jmAOBERT I. LOMAS, JR.................. 1941 Concourse Street.
1937 Concourse Street.
^ M A R T IN WALTER .......................
TITLE GUARANTEE & TRUST CO. 176 Broadway.
ASSETS.

Loans on bond and mortgage...........................................................
Loans on shares....................................................................................
Cash on hand and in bank..................................................................




$116,500 00
4,500 00
1, 851 00

$122,851 00

256

R eport on S a v in g s a n d L o an A ssociations .
LIABILITIES.

Due shareholders, instalment shares................................................
Dividends credited ..............................................................................
Earnings undivided ............................................................................
Contingent fund (as per section 225 of Banking L a w ) . . . ........

$97, 648
20, 479
2,694
2,129

00
46
21
33

$122,851 00
RECEIPTS.

Cash on hand January 1, 1912..........................................................
Dues on instalment shares credited to members...........................
Money borrow ed ....................................................................................
Mortgages redeemed, foreclosed or transferred to real esta te.. .
Loans on shares repaid........................................................................
Fees r e ce iv e d .........................................................................................
Fines received .......................................................................................
Interest received ..................................................................................
Premium rece iv e d ................................................................................

$2,160
23,409
4, 500
4, 700
2, 300
12
32
6,799
1, 363

45
50
00
00
00
00
66
00
97

$45,277 58
DISBURSEMENTS.

Loaned on mortgage............................................................................
Loaned on shares................................... ; .......... ..................................
Instalment dues repaid on withdrawal, or applied on loa n s.. ..
Dividends paid on withdrawal, or applied on loans.....................
Paid borrowed money and prior mortgages...................................
Paid interest on borrowed money and prior mortgages............
Paid salaries and clerk-hire...............................................................
Paid advertising, printing and postage.........................................
Paid r e n t ................................................................................................
Paid banking department, examination.........................................
Paid hanking department, assessment...........................................
Officers’ bonds .......................................................................................
State League dues................................................................................
J a n it o r ..........................................
Cash on hand December 31, 1912.......................................................

$12, 000
2, 950
12,428
1, 752
13,500
133
500
25
72
16
9
30
5
5
1, 851

00
00
50
05
00
43
00
25
00
35
00
00
00
00
00

$45,277 58

Plan, serial. Par value of shares, $100. Instalments are 50 cents monthly.
Shares in force January 1, 1912, 3,999; shares issued during the year, 359;
shades withdrawn during the year, 537; shares in force, 3,821. Borrowing
members, 29, holding 1,497 shares; non-borrowing members, 92, holding 2,324
shares. Female shareholders, 55, holding 1,421 shares. Total dividends
credited members during the year on instalment shares, $9,119.25; rate, 6
per cent. Total dividends forfeited by withdrawing members during the year,
$491.19.
No unpaid withdrawals. Entrance or membership fee, 50 cents per member.
Operating expenses, as defined in section 227 o f the Banking Law, incurred
and paid during the year, $637.25. Unpaid, none.
P.remium plan, instalment. Interest paid by borrowing members, 6 per cent.
Premium paid by borrowing members, 10 cents per share per month.
Loans have been made in New \ork county, New York State. Largest
mortgage loan outstanding, $9,500. Mortgages in force in New York State,
$116,500. No foreclosures during the year.




N e w Y ork C ounty.

257

UNION SQUARE PERMANENT CO-OPERATIVE BUILDING AND LOAN
ASSOCIATION.
Metropolitan Building, No. 1 Madison avenue, New York, N. Y.
[Organized
Officers.
President....................
Secretary ..................
Treasurer .................
Attorney ...................

under Law of 1851. Commenced business 1888.]
Names.
Post-office addresses.
JOHN W. GRIMMER......................... 240 East 20th Street.
JOHN A. ENGLERT.........................
1 Madison Avenue.
GEORGE S. LANGDON...................
139 East 23d Street.
WILLIAM LANGDON...................... 2 Rector Street.
ASSETS.

Loans on bond and mortgage............................................................
Contracts for the sale of real estate...............................................
Cash on hand and in bank..................................................................
Furniture and fixtures........................................................................

$34, 100
1, 726
2, 503
317

00
96
63
00

$38,647 59
LIABILITIES.

Due shareholders, instalment shares...............................................
Due shareholders, income shares....................................................
Dividends c r e d ite d ......................................................i ......................
Earnings undivided ............................................................................
Contingent fund (as per section 225 of Banking L a w )...............

$20,617
11, 150
4, 830
l t 173
875

99
00
59
96
05

$38,647 59
RECEIPTS.

Cash on hahd January 1, 1912.................; ......................................
Dues on instalment shares credited to members.......... ................
Dues on income shares........................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Interest receiv ed ..................................................................................
Premium r eceiv ed ................................................................................
Rent receiv ed ........................................................................................
Advances repaid ..................................................................................
Appraisal fees ........................................................... ' .........................
Furniture and fixtures..................
Profit and loss................ ' . ...................................................................

— .

, .

$5, 155
7,554
2,400
3,250
1, 798
868
230
52
4
15

99
14
(50
00
25
64
00
46
52
00
01

$21,329 01
DISBURSEMENTS.

Loaned on mortgage............................................................................
Instalment dues repaid on withdrawal, or applied on loans. . .
Paid income shares..............................................................................
Dividends paid on withdrawal, or applied on loans.....................
Cash dividends paid on ipcome and accumulated prepaid shares
Paid salaries and clerk-fiire..................
Paid advertising, printing andpostage...........................................
Paid rent ..............................................................................................
Paid banking departm ent..................................................................
Officers’ bonds ......................................................................................
Advances for taxes, insurance, e tc...................................................
Appraisal fees .................................................................
Furniture and fixtures..................................
Sundry expenses ............................................................................ —
Cash on hand December 31, 1912....................................... ..............

-

■-

$600 00
6, 623' 96
8,750 00
1, 053 61
780 00
420 00
41 80
323 36
30 34
18 75
50 53
4 52
32 00
96 51
2,503 63
$21,329 01

9




258

R e p o r t o n S a v in g s a n d L o a n A s s o c ia t io n s .

Plan, permanent. Par value of shares, $200. Instalments are $1 monthly.
Shares in force January 1, 1912, 552; shares issued during the year, 42;
shares withdrawn during the year, 97; shares in force, 497. Borrowing mem­
bers, 18, holding 133 shares; non-borrowing members, 95, holding 364 shares.
Female shareholders, 28, holding 83 shares. Total dividends credited mem­
bers during the year on instalment shares, $1,146.97; rate, 5 per cent. Total
dividends credited or paid in cash to members during the year on other shares,
$780; rate, 5 per cent.
No unpaid withdrawals. Operating expenses, as defined in section 227 of
the Banking Law, incurred and paid during the year, $900.42. Unpaid, none.
Premium plan, premium-interest. Interest paid by borrowing members, 5
per cent. Premium paid by borrowing members, 40 cents per share.
Loans have been made in Kings, Queens and Westchester counties, New
York State, and in New Jersey. Largest mortgage loan outstanding, $3,000.
Mortgages in force in New York State, $29,600. No foreclosures during the
year.

WEST END CO-OPERATIVE BUILDING AND LOAN ASSOCIATION.
(Permanent.)
No. 271 West 125th street, New York, N. Y.
[Organized under Law o f 1851.
Officers.
P resident....................
Secretary ..................
Treasurer .................
Attorney ...................

Commenced business 1887.]

Names.
FREDERICK HULBERG................
PH ILIP E. DOLAN........................
ISAAC W. COLE..............................
WILLIAM LANGDON......................

Post-office addresses.
265 West 125th Street
42 Wall Street.
654 West 142d Street.
2 Rector Street.

ASSETS.

Loans on bond and m ortgage..............................................................
Peal e s t a t e .............................................................................................
Cash on hand and in bank..................................................................
Furniture and fixtures........................................................................
Interest, premium, fees and fines due and unpaid.......................

$14, 875 00
6, 697 39
319 95
200 00
250 42
$22,342 76

LIABILITIES.

Due shareholders, instalment shares.............................................
Dividends credited ...............................................................................
Due shareholders, matured shares...................................................
Borrowed m o n e y ................................................: ................................
Earnings undivided ...................................................... ; ....................
Contingent fund (as per section 225 of Banking L a w )............

$14,163
474
3,750
3, 000
555
400

51
12
00
00
13
00

$22, 342 76
RECEIPTS.

Cash on hand January 1, 1912..........................................................
Dues on instalment shares credited to members............................
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares repaid........................................................................
Interest r e ce iv e d ............................
Premium r eceiv ed ................................................................................
Rent received .. : ...................................................................................




$305 70
976 47
1,250 00
20 00'
639 27
299 97
314 00

$3,805 41

N e w Y ork C ounty.

259

DISBURSEMENTS.

Loaned on shares........................................................... ......................
Instalment dues repaid on withdrawal, or applied on lo a n s .. . .
Cash dividends paid on income and accumulative prepaid shares
Paid matured shares ..........................................................................
Paid interest on borrowed money andprior mortgages................
Paid salaries and clerk-hire................................................................
Paid advertising, printing and postage.........................................
Paid rent ...............................................................................................
Paid repairs to real estate................................................................
Paid taxes, insurance, etc..................................................................
Paid banking department, examination.........................................
Paid banking department, assessment...........................................
Officers’ bonds ......................................................................................
Cleaning o ffic e .....................................................
Light, heat, e tc .............................................................
Insurance on office furnishings..........................................................
Cash on hand December 31, 1912......................................................

$20 00
1, 101 39
139 50
1, 250 00
ISO 00
281 00
64 73
240 00
48 50
65 40
12 00
178
4 00
48 00
22 68
6 48
319 95
$3,805 41

Plan, permanent. Par value of shares, $100 and $250. Instalments are 25
cents weekly.
Shares in force January 1, 1912, 267% ; shares issued during the year, 5 ;
shares withdrawn during the year, 17; shares in force 255%. Borrowing
members, 14', holding 59% shares; non-borrowing members, 35, holding 196
shares. Female shareholders, 15, holding 72'shares. Total dividends credited
members during the year on instalment shares, $474.12; rate, 4 per cent.
Total dividends credited or paid in cash to members during the year on other
shares, $139.50; rate, 3 per cent.
Amount of filed and unpaid withdrawals December 31, 1912, $1,823.87.
Operating expenses, as defined in section 227 of the Banking Law, incurred
and paid during the year, $666.89. Unpaid, none.
Premium plan,' instalment. Interest paid by borrowing members, 5 per
cent, and 6 per cent. Premium paid by borrowing members, 2 per cent.
Loans have been made in Kings, New York, Queens and Westchester
counties, New York State. Largest mortgage loan outstanding, $4,750.
Mortgages in force in New York State, $14,875. N o foreclosures during the
year.

WEST SIDE MUTUAL BUILDING, LOAN AND SAVING ASSOCIATION
OF THE CITY OF NEW YORK.
No. 267 W est Thirty-fourth street, New York, N. Y.
[Organized under Law of 1851.
Officers.
President....................
Secretary ..................
Treasurer .................
Attorney . 1 ...............

Commenced business 1888.]

Names.
FRANK H. GRAF................................
ELDRIDGE N. SMITH.........................
HENRY W. LEIN .................................
BENJAMIN PATTERSON ................

Post-office addresses.
322 Seventh Avenue
Lynbrook, N. Y.
423 W. 43d Street.
302 Broadway.

ASSETS.

Loans on bond and m ortgage.^........................................................
Cash on hand and in bank........ *.......................................................
Accrued in te r e s t....................................... ...........................................•




$102,450 00
451 64
2 00
$102,903 64

26 0

R e p o r t on S a v in g s a n d L o a n A s s o c ia t io n s .
LIABILITIES.

Due shareholders, instalment shares.............................................
Due shareholders, income shares......................................................
Balance to be paid borrowers on mortgage loans.........................
Borrowed m o n e y ..................................................................................
Earnings undivided ............................................................................
Contingent fund (as per section 225 of Banking L a w )............

$72,684
20,700
1, 500
1, 550
3, 469
3,000

16
00
00
00
48
00

$102,903 64
RECEIPTS.

Cash on hand January 1, 1912..........................................................
Dues on instalment shares credited to members...........................
Dues on income shares........................................................................
Money borrowed ..................................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Fines received ......................................................................................
Interest rece iv e d ..................................................................................
Premium receiv ed ................................................................................
E x ch a n g e................................................................................................

$1,686
30, 796
7,900
25, 650
7, 700
45
4, 890
1, 446
5

60
36
00
00
00
82
05
02
01

$80,119 86
DISBURSEMENTS.

Loaned on mortgage............................................................................
Instalment dues repaid on withdrawal, or applied on loa n s.. . .
Paid income shares...................... ............1.........................................
Cash dividends paid on income and accumulative prepaid shares
Paid borrowed money and prior mortgage...................................
Paid interest on borrowed money and prior mortgages............
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage.........................„ .............
Paid rent ...............................................................................................
Paid banking department, assessment......................................
Officers’ bonds .......................................................................................
State League dues................................................................................
Metropolitan League dues..................................................................
Moving s a f e ...........................................................................................
Cash on hand December 31, 1912......................................................

$29,200
21, 721
3,000
845
24, 100
221
409
44
83
6
6
5
14
10
451

00
14
00
66
00
99
99
68
34
42
00
00
00
00
64

$80,119 86
Plan, permanent. Par value of shares, $100 and $200. Instalments are
25 cents weekly.
Shares in force January 1, 1912, 2,018% ; shares issued during the year,
1,016; shares withdrawn during the year, 250; shares in force, 2,784%.
Borrowing members, 50, holding 1,053% shares; non-borrowing members, 168,
holding 1,731 shares. Female shareholders, 72, holding 829% shares. Total
dividends credited members during the year on instalment shares, $3,352.43;
rate, 6 per cent. Total dividends credited or paid in cash to members during
the year on other shares, $845.66; rate, 5 per cent.
No unpaid withdrawals. No entrance or membership fee. Operating ex­
penses, as defined in section 227 of the Banking Law, incurred and paid dur­
ing the year, $573.01. Unpaid, none.
Premium plan, instalment. Interest paid, by borrowing members, 5% per
cent. Premium paid by borrowing members, 2% cents, 3 cents and 3% cents
per $100 per week.
Loans have been made in New York, Richmond, Queens and Westchester
counties, New York State, and in New Jersey. Largest mortgage loan out­
standing, $4,000. Mortgages in force in New York State, $32,550. No fore­
closures during the year.




N ia g a r a C o u n t y .

261

NIAGARA COUNTY.
HOME CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION.
Main street, North Tonawanda, N. Y.
[Organized under Law of 1909.
Officers.
President....................
Secretary ..................
Treasurer .................
Attorney ...................

Commenced business 1911.]

Names.
F. A. MeCOY...................................
EDWARD W. MESSING.............
H. SM O Y ER...................................
D. G. O’DAY................................

Post-office addresses.
North Tonawanda, N. Y.
North Tonawanda, N. Y.
North Tonawanda, N. Y.
Tonawanda, N. Y.

ASSETS.

Loans on bond and mortgage............................................................
Cash on hand and in bank..................................................................
Instalments due and unpaid........................................
Interest, premium, fees and fines due and unpaid. .

$13,650 00
281 78

$20.00
9.41

$13,931 78
LIABILITIES.

Due shareholders, instalment shares..............................................
Dividends credited ..............................................................................
Borrowed 'money ..................................................................................
Earnings undivided ............................................................................
Contingent fund (as per section 225 of Banking L a w )..............
Suspense account ............

$11,458
508
1, 650
212
100
3

00
50
00
28
00
00

$13,931 78
RECEIPTS.

Cash on hand January 1, 1912............................................................
Dues on instalment shares credited to members...........................
Money borrowed ..................................................................................
Fees received ........................................................................................
Fines received ......................................................................................
Interest r eceiv ed ..................................................................................
Premium received ................................................................................
Reverted dividends .................................................................
Suspense account ................................................................................

$29 78
9, 873 75
8, 100 00
223 50
20 25
527 83
46 50
33 14
3 00
$18,857 75

DISBURSEMENTS.

Loaned on mortgage............................................................................
Instalment dues repaid on withdrawal, or applied on lda n s.. . .
Dividends paid on withdrawal, or applied on loans.....................
Paid borrowed money and prior mortgages...................................
Paid interest on borrowed money and prior mortgages..............
Paid salaries and clerk-hire................................................................
Paid advertising, printing and postage.........................................
Paid banking department, examination.............................'...........
Paid banking department, assessment.............................................
Officers’ bonds * ............................................. , ......................................
Overpayment on mortgage..................................................................
Cash on hand December 31, 1912.....................................................




$8, 970 00
2, 752 50
82 85
6, 552 00
70 76
67 20
46 70
20 60
36
8 00
5 00
281 78

$18.857 75

262

R e p o r t o x S a v in g s a n d L o a n A s s o c ia t io n s .

Plan, serial. Par value of shares, $130. Instalments are 25 cents weekly.
Shares in force January 1, 1912, 470; shares issued during the year, 890;
shares withdrawn during the year, 355; shares in force, 1,005. Borrowing
members, 12, holding 99 shares; non-borrowing members, 117, holding 906
shares.
Female shareholders, 30, holding, 169 shares.
Total dividends
credited members during the year on instalment shares, $409.55; rate, 6
per cent. Total dividends forfeited by withdrawing members during the year,
$33.14.
No unpaid withdrawals. Entrance or membership fee, 25 cents per share.
Operating expenses, as defined in section 227 o f the Banking Law, incurred
and paid during the year, $121.90. Unpaid, none.
Premium plan, instalment. Interest paid by borrowing members, 15 cents
per share per week. Premium paid by borrowing members, 2 cents per share
per week.
Loans have been made in Erie and Niagara counties, New York State.
Largest mortgage loan outstanding, $1,950. Mortgages in force in New York
State, $13,650. No foreclosures during the year.

LOCKPORT SAVING AND LOAN ASSOCIATION.
No. 6 Hodge Opera House Block, Lockport, N. Y.
[Organized under Law of 1851.
. Officers.
P resident....................
Secretary ..................
Treasurer .................
Attorney ...................

Commenced business 1888.]

Names.
Post-office- addresses.
JOHN A. MCLAUGHLIN............................
Lockport, N. Y.
MARK J. T O V E L L .......................................
Lockport, N. Y.
J. WALTER D U N CAN ................................. Lockport, N. Y.
CHARLES C. DELUDE................................. Lockport, N. Y.
ASSETS

Loans on bond and mortgage.......................
Loans on shares................................................
Cash on hand and in bank.............................
Furniture and fixtures...................................

$147,550
2,210
5,172
125

00
00
16
00

$155,057 16
LIABILITIES.

Due shareholders, instalment shares...............................................
Dividends credited ...............................................................................
Earnings undivided ............................................................................
Contingent fund (as per section 225 of Banking L a w )..............

$128, 900
20,838
138
5,179

75
60
65
16

$155,057 16
RECEIPTS.

Cash on hand January 1, 1912........................................................'..
Dues on instalment shares credited to members...........................
Mortgages redeemed, foreclosed or transferred to real estate...
Loans on shares repaid........................................................................
Fees received ..........................................................................
Interest received ...................................................................................
Premium rece iv e d ................................................................................

$4,069
47,139
11, 310
780
410
8.248
540

45
50
00
00
75
02
78

$72,498 50
DISBURSEMENTS.

Loaned on mortgage..................................... .........................................
Loaned on shares.............................................................. ‘. .................
Instalment dues repaid on withdrawal, or applied on loa n s.. . .
Dividends paid on withdrawal, or applied on loans.......................




$27,040
1,040
34.165
4,277

00
00
00
22

X ia g a r a C o u n t y .

263

Paid salaries and clerk-hire...............................................................
Paid advertising, printing and postage...........................................
Paid r e n t ........................................................................................
Paid banking department, assessment.............................................
State League dues................................................................................
Cash on hand December 31, 1912.......................................................

$650
63
75
10
5
5, 172

00
16
00
46
50
16

$72,498 50
Plan, serial. Par value of shares,. $130. Instalments are 25 cents weekly.
Shares in force January 1, 1912, 3,395; shares issued during the year, 1,643;
shares withdrawn during the year, 1,443; shares in force, 3,595. Borrowing
members, 193, holding 1,207 shares; non-borrowing members, 500, holding
2,388 shares. Female shareholders, 335, holding 1,485 shares. Total dividends
credited members during the year on instalment shares, $8,368.21; rate, 6
per cent. Total dividends forfeited by withdrawing members during the year,
$599.62.
No unpaid withdrawals. Amount of shares matured during the year,
$10,920. Entrance or membership fee, 25 cents per share. Operating expenses,
as defined in section 227 of the Banking Law, incurred and paid during the
year, $793.66. Unpaid, none.
Premium plan, instalment. Interest paid by borrowing members, 6 per
cent. Premium paid by borrowing members, 1 cent per share per week.
Loans have been made in Erie and Niagara counties, New York State.
Largest mortgage loan outstanding, $5,070. Mortgages in force in New York
State, $147,550. No foreclosures during the year.

NIAGARA PERMANENT SAVINGS AND LOAN ASSOCIATION.
No. 5 Falls street, Niagara Falls, N. Y.
[Organized under Law of 1851.
Officers.
President....................
Secretary ...................

Treasurer .................
Attorneys...................

Commenced business 1887.]

Names.
FRANK L e BLOND...............................

Post-office addresses.
Niagara Falls, N. Y.

ANN E. RAE...........................................
CARY & WALLACE..............................

Niagara
Niagara

ANN E. R A E ...................... •
.....................

Niagara Falls, N. Y.

Falls, N. Y.
Falls, N. Y.

ASSETS

Loans on bond and mortgage.......................
Loans on shares...............................................
Contracts for the sale of real estate..........
Beal estate ........................................................
Cash on hand and in bapk.............................
Furniture and fixtures...................................
Advances for taxes, insurance, e tc ..............

$1,389,210
48,456
14,819
18,432
5,591
350
430

00
00
25
li
40
00
23

$1,477,288 99
LIABILITIES.

Due shareholders, instalment shares...............................................
Due shareholders, income shares........................................................
Dividends credited ..............................................................................
Borrowed m o n e y ..................................................................................
Earnings undivided .......................................................................... .
Contingent fund (as per section 225 of Banking L a w )..............




$843,103
383,980
145, 939
24, 000
22,266
58,000

25
00
49
00
25
00

$1,477,288 99

264

R e p o r t o n S a v in g s a n d L o a n A s s o c ia t io n s .
RECEIPTS.

Cash on hand January 1, 1912..........................................................
Dues on instalment shares credited to members...........................
Dues on income shares........................................................................
Money b o rro w e d ....................................................................................
Mortgages redeemed, foreclosed or transferred to real estate...
Loans on shares repaid....................
Fees received .........................................................................................
Fines received ..............
Interest r e ce iv e d ...................................................................................
Premium rece iv e d .................................................................................
Rent re ceiv ed .........................................................................................
Advances r e p a id ....................................................................................
Reverted dividends ..............................................................................
Real estate contracts............................................................................

$1,247
439,118
107, 000
62, 000
246,580
327,939
1,153
133
83, 363
4, 057
182
165
1,318
2, 984

69
60
00
00
00
00
50
25
34
49
00
39
33
57

$1,277,243 16
DISBURSEMENTS.

Loaned on mortgage............................................................................
Loaned on shares...................................................................................
Instalment dues repaid on withdrawal, or applied on loa n s...
Paid incomeshares..................................................................................
Dividends paid on withdrawal, or applied on loans......................
Cash dividends paid on income add accumulative prepaid
sh a re s..................................................................................................
Paid matured s h a r e s .............................................................. ............
Paid borrowed money and prior mortgages...................................
Paid interest on borrowed money and prior mortgages..............
Paid for real estate..............................................................................
Paid salaries and clerk-hire................................................................
Paid advertising, printing and postage........................................
Paid r e n t ................................................................................................
Paid repairs to real estate................................................................
Paid taxes, insurance, e tc ..................................................................
Cash on hand December 31, 1912........................................................

$381,150
319,946
76,587
48, 060
6, 676

00
00
15
00
41

17, 780
350,547
46, 000
554
16,954
4,714
810
1, 452
56
361
5,591

95
74
00
62
25
00
34
99
29
02
40

$1,277,243 16
Plan, permanent. Par value of shares, $130. Instalments are 25 cents
weekly.
Shares in force January 1, 1912, 26,973; shares issued during the year,
9,893; shares withdrawn during the year, 6,203; shares in force, 30,663. Bor­
rowing members, 670, holding 10,822 shares; non-borrowing members, 3,181,
holding 19,841 shares. Female shareholders, 1,995, holding 12,087 shares.
Total dividends credited members during the year on instalment shares,
$57,646.41; rate, 8 per cent. Total dividends credited or paid in cash to
members during the year on other shares, $17,780.95; rate, 5 per cent. Total
dividends forfeited by withdrawing members during the year, $1,318.33.
No unpaid withdrawals. Amount of shares matured during the year,
$350,547.74. Entrance or membership fee, 25 cents per share, not to exceed
$1 per member. Operating expenses, as defined in section 227 of the Banking
Law, incurred and paid during the year, $6,977.33. Unpaid, none.
Premium plan, instalment. Interest paid by borrowing members, 6 per.
cent. Premium paid by borrowing members, 2 cents per share per week.
Loans have been made in Niagara county, New York State. Largest mort­
gage loan outstanding, $17,680. Mortgages in force in New York State,
$1,389,210. No foreclosures during the year.




O n e id a C o u n t y .

265

ONEIDA COUNTY.
CORNHILL BUILDING AND LOAN ASSOCIATION.
No. 68 South street, Utica, N. Y.
[Organized under Law of 1851.
Officers.
President....................
Secretary ...................
Treasurer .................
Attorney ...................

Commenced business 1891.]

Names.
Post-office addresses.
J. LEWIS JONES.................................................... Utica, N.Y.
OWEN F. LUKER..................................................... Utica, N.Y.
CHARLES W. BUSHINGER................................. Utica, N.Y.
HERBERT D. PITCHER.......................................
Utica, N.Y.
ASSETS.

Loans on bond and m ortgage............................................................
Loans on shares....................................................................................
Contracts for the sale of real estate...............................................
Cash on hand and in bank................................................................
Furniture and fixtures.......... .............................................................
Interest, premium, fees and fines due and unpaid.......................
In sta lm en ts due a n d u n p a i d ........................................

$384,575
9,818
2, 400
6
10
390

00
00
00
86
O
O
63

$528 00

$397,200 49
L IA B IL IT IE S .

Due shareholders, instalment shares...............................................
Dividends credited ..............................................................................
Balance to be paid borrowers on mortgage loans........................
Borrowed money’ ..................................................................................
Earnings' undivided ...............................................
Contingent fund (as per section 225 of Banking L a w )..............
Interest on borrowed money..............................................................

-

$270, 175
59, 263
°6, 540
49, 873
3, 033
7, 504
808

50
90
00
78
51
85
95

$397,200 49
R E C E IP T S .

Cash on hand January 1, 1912..........................................................
Dues on instalment shares credited to members...........................
Money borrowed ..................................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares repaid........................................................................
Fees received . . . : .....................................................
Fines received ......................................................................................
Interest received ..................................................................................
Premium r eceiv ed ......................................... ’ .....................................
Reverted dividends ..............................................................................
Mortgage t a x ........................................................................................

$97
67,212
129, 774
57,500
7, 369
193
179
15, 084
6, 275
327
186

04
50
27
O
O
00
00
19
77
89
15
25

$284, 199 06
DISBURSEM ENTS.

Loaned on m
o r t g a g e . .........................................
Loaned on s
h
a
r
e
s
...............................
Instalment dues repaid on withdrawal, or applied on loans..
Dividends paid on withdrawal^ or applied on loans....................
Paid matured shares . . . . . ; .......... ...................................................
Paid borrowed money and prior mortgages...................................
Paid interest on borrowed money and prior mortgages............
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage.........................................
Paid rent ..............................................................................................
Paid banking department, examination.........................................




$110, 330
9,418
29,042
4, 671
19, 600
108,550
1, 130
700
20
2
38

00
00
50
67
00
49
09
00
58
00
40

266

R e p o r t o n S a v in g s a n d L o a n A s s o c ia t io n s .

Paid banking department, assessment.............................................
Water .....................................................................................................
Books ......................................................................................................
Directors’ fees .......................................................................................
Mortgage t a x ..............................................................................
Cash on hand December 3d, 1912................................... ; ..........

$25 58
93
65 46
43 00
553 50
6 86'

.

$284, 199 06
Plan, serial. Par value of shares, $100. Instalments are 50 cents monthly.
Shares in force January 1, 1912, 10,240; shares issued during the year,
2,906; shares withdrawn during the year, 1,687; shares i# force, 11,459. Bor­
rowing members, 233, holding 4,373 shares; non-borrowing members, 532,
holding 7,08'G shares. Female shareholders, 294, holding 3,718 shares. Total
dividends credited members during the year on instalment shares, $17,450.85;
rate, 6 per cent. Total dividends forfeited by withdrawing members during
the year, $327.15.
No unpaid withdrawals.
Amount of shares matured during the year,
$19,600. Entrance or membership fee, $1 per member. Operating expenses,
as defined in section 227 of the Banking Law, incurred and paid during the
year, $831.97. Unpaid, none.
Premium plan, instalment. Interest paid by borrowing members, 4
per
cent. Premium paid by borrowing members,
per cent.
Loans have been made in Oneida county, New York State. Largest mort­
gage loan outstanding, $6,000. Mortgages in force in New York State,
$378,036. No foreclosures during the year.

y
s

1
%

HOMESTEAD AID ASSOCIATION OF UTICA.
No. 90 Seneca street, Utica, N. Y.
[Organized under Law of 1851.

Commenced business 1884.]

Officers.
Names.
President.................... WATSON T. DUNMORE.......................
Secretary ................... SHERWOOD Si CURRAN.....................
Treasurer .................
CHARLES B. ROGERS......................
Attorney ................... ^^VA.TSON T. DUNMORE........................

Post-office addresses.
90 Seneca Street.
90 Seneca Street.
First National Bank.
90 Seneca Street.

ASSETS.

.Loans on bond and mortgage............................................................ $3,089,073 24
Loans on shares.....................................................................................
170,231 00
Beal estate ...........................................................................................
24, 096 25
Cash on hand and in bank..................................................................
13, 967 78
Interest, premium, fees and fines due and unpaid.......................
3, 337 34
Advances for taxes, insurance, etc................................... .............
1,505 45
Accrued in te r e s t...................................................................................
859 44
$3,303,070 50
LIABILITIES.

.............. _=

Due shareholders, instalment shares............................................... $2,605,641 00
Dividends credited ......................... .•
...................................................
504, 705 97
Due shareholders, matured shares.....................................................
382 01
Balance to be paid borrowers on mortgage loans.........................
55, 780 00
Borrowed money ..................................................................................
64,218 55
Earnings undivided ............................................................................
3, 874 46
Contingent fund (as persection 225 of Banking L a w )..............
68,294 53
Interest accrued ...................................................................................
94 51
Accrued expenses .................................................................................
79 47




$3,303, 070 50

O n e id a C o u n t y .

267

RECEIPTS.

Cash on hand January 1, 1912..........................................................
Dues on instalment shares credited to members...........................
Money borrowed ..................................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares repaid........................................................................
Fees r e ce iv e d ........................................................................................
Fines received ......................................................................................
Interest r eceiv ed ..................................................................................
Premium receiv ed ................................................................................
Kent rece iv e d .................. , ...................................................................
Advances repaid ..................................................................................
Mortgage taxes ....................................................................................
Reverted div id en d s..............................................................................
Bonds sold ..................................... .......................................................
Judgment paid ....................................................................................
Water .....................................................................................................
Foreclosure expenses ..........................................................................

$55, 192
607,436
271, 782
330,019
91, 143'
863
888
131,443
18, 177
656
802
952
2, 890
23, 137
20
4
163

36
00
24
00
00
00
61
33
10
40
91
00
12
50
00
08
00

$1,535,570 65
DISBURSEMENTS.

Loaned on mortgage............................................................................
Loaned on shares ................................................................................
Instalment dues repaid on withdrawal, or appliedon loans. . .
Dividends paid on withdrawal, or applied on loans..................
Paid matured shares ..........................................................................
Paid borrowed money and prior mortgages...................................
Paid interest on borrowed money andprior mortgages............
Paid for real estate....................................... 1...................................
Paid salaries and clerk-h ire...,.......................................................
Paid advertising, printing and postage.........................................
Paid taxes, insurance, e tc ...................................................
Paid banking department, examination.........................................
Paid banking department, assessment ..........................................
Mortgage taxes ................................
A p p ra isa ls..............................................................................................
Furniture ..............................................................................................
Office expenses ....................................................................................
Cash on hand December 31, 1912...................................................

$688, 784
101, 913
292, 395
50, 346
102, 940
271, 782
1,255
1,708
3,013'
199
1,447
116
223
3, 597
1, 088
6
786
13,967

24
00
00
39
47
24
18
31
00
95
85
02
91
00
00
30
01
78

$1,535,570 65
Plan, serial. Par value of shares, $100 and $200. Instalments are 50 cents
and $1 monthly.
Shares in force January 1, 1912, 52,763; shares issued during the year,
17,406; shares withdrawn during the year, 7,765; shares in force, 62,404.
Borrowing members, 2,511, holding 25,225 shares; non-borrowing members,
3,299, holding 37,179 shares. Female shareholders, 2,128, holding 22,347
shares. Total dividends credited members during the year on instalment
shares, $136,271.74; rate, 5 per cent. Total dividends credited or paid in
cash to members during the year on other shares, $1,877.57; rate, 4 per cent,
and 4
per cent. Total dividends forfeited by withdrawing members dur­
ing the year, $2,890.12.
No unpaid withdrawals. Amount of shares matured during the year,
$111,100.58. Entrance or membership fee, $1 per member. Operating ex­
penses, as defined in section 227 of the Banking Law, incurred and paid dur­
ing the year, $5,079.21. Operating expenses, as defined in section 227 of the
Banking Law, incurred during the year and remaining unpaid, $79.47.

y
B




268

R e p o r t o n S a y in g s a n d L o a n A s s o c ia t io n s .

y
B

Premium plan, instalment. Interest paid by borrowing members, 4
per
cent., 5 per cent, and 6 per cent. Premium paid by borrowing members, % of
I per cent.
Loans have been made in Herkimer and Oneida counties, New York State.
Largest mortgage loan outstanding, $40,000. Mortgages in force in New York
State, $3,089,073.24. Three foreclosures during the year.

HOMESTEAD AID ASSOCIATION OF WHITESTOWN, N. Y.
Whitesboro, N. Y.
[Organized under Law of 1892.
Officers.
President....................
Secretary ..................
Treasurer .................
Attorney ...................

Commenced business 1893.]

Names.
Post-office addresses
DRANK W. TOBIN.....................................
Whitesboro, N.Y.
JOHN H. HENRY.......................................
Whitesboro, N.Y.
CHARLES E. HAYNES.............................
Whitesboro, N.Y.
ADRIAN S. MALSAN................................. Whitesboro, N.Y.
ASSETS.

Loans on bond and mortgage............................................................
Loans on shares ...................................................................................
Cash on hand and in bank..................................................................
Interest, premium, fees and fines due and u n p a id ......................

$49,450
950
516
130

00
00
06
66

$51,046 72LIABILITIES.

Due shareholders, instalment shares.............................................
Dividends credited ............................................................................ ..
Borrowed m o n e y ..................................................................................
Earnings undivided ............................................................................
Contingent fund (as per section 225 of Banking L a w )..............

$34,643'
10, 094
3, 556
2, 217
535

57
90
00
0&
17

$51,046 72'
RECEIPTS.

Cash on hand January 1, 1912..........................................................
Dues on instalment shares credited to members.........................
Money borrowed ...................................................................................
Mortgages redeemed, foreclosed or transferred to real esta te..
Loans on shares repaid......................................................................
Fees r e ce iv e d .........................................................................................
Fines received .......................................................................................
Interest rece iv e d ..................................................................................
Premium received ..............................................................................

$1, 327
10, 158
14, 612
3, 450
1,250
19
26
1,793
841

69
09
00
00*
00
00
69
74
55

$33,478 76
DISBURSEMENTS.

Loaned on mortgage............................................................................
Loaned on shares..................................................................................
Instalment dues repaid on withdrawal, or applied on lo a n s .. . .
Dividends paid on withdrawal, or applied on loans....................
Paid matured shares ..........................................................................
Paid borrowed money and prior mortgages...................................
Paid interest on borrowed moneyand prior mortgages.............
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage.........................................
Paid rent ...............................................................................................
Paid taxes, insurance, e tc ..................................................................




$13,750
850
5, 326
528
1, 199
11, 056
78
50
18
12
77

00
00
18
50
94
00
85
00
65
00
00

269

O n e id a C o u n t y .
Paid banking department, examination.........................................
Paid banking department, assessment .........................................
Cash on hand December 31, 1912.....................................................

$13 40
2 18
516 06
$33, 478 76

Plan, serial. Par value of shares, $200. Instalments are $1 monthly.
Shares in force January 1, 1912, 781% ; shares issued during the year,
166% ; shares withdrawn during the year, 5 0 % ; shares in. force, 897%. Bor­
rowing members, 39, holding 238% shares; non-borrowing members, 127, hold­
ing 659% shares. Female shareholders, 42, holding 209 shares. Total divi­
dends credited members during the year on instalment shares, $2,204.67; rate,
5 7/1 0 per cent. Total dividends forfeited by withdrawing members during
the year, 41 cents.
No unpaid withdrawals. Amount of shares matured during the year,
$1,199.94. Entrance or membership fee, $1 per member. Operating expenses,
as defined in section 227 of the Banking Law, incurred and paid during the
year, $80.65. Unpaid, none.
Premium plan, instalment. Interest paid by borrowing members, 4% per
cent. Premium paid by borrowing members,
per cent.
Loans have been made in Oneida county, New York State. Largest mort­
gage loan outstanding, $3,000. Mortgages in force in New York State,
$49,450. N o foreclosures during the year.

1
%

MUTUAL SAVINGS, LOAN AND BUILDING ASSOCIATION OF
SOME, N. Y.
No. 109 W est Dominick street, Home, N. Y.
[Organized under Law of 1851.
Officers.
President....................
Secretary ..................
Treasurer .................
Attorney ...................

Commenced business 1888.]

Names.
Post-office addresses.
A. C. KESSINGER............................................. Rome, N. Y.
JOHN F. FINNEGAN....................................... Rome, N. 1.
F. M. SHELLEY............................................... Rome, N. Y.
S. M. STEVENS............................................... Rome, N. Y.
ASSETS.

Loans on bond and m ortgage............................................................
Cash on hand and in bank..................................................................

$6, 720 00
471 96
$7,191 96

LIABILITIES.

Due shareholders, instalment shares...............................................
Dividends credited ..............................................................................
Earnings undivided ............................................................................
Contingent fund (as per section 225 of banking L a w )...............

$6, 629
319
113
130

00
11
85
00

$7,191 96
RECEIPTS.

Cash on hand January 1, 1912...........................................................
Dues on instalment shares credited to members...........................
Fees received ........................................................................................
Fines received ......................................................................................
Interest rece iv e d .....................................................




$1, 006
2,170
2
11
304

43
00
00
80
80

$3,495 03

270

R e p o r t o n S a v in g s a n d L o a n A s s o c ia t io n s .
DISBURSEMENTS.

Loaned on mortgage............................................................................
Instalment dues repaid on withdrawal, orapplied on loans. . .
Dividends paid on withdrawal, or applied onloans....................
Paid salaries and clerk-hire................................................................
Paid advertising, printing and postage...........................................
Paid r e n t ................................................................................................
Paid banking department, ex a m in a tion .........................................
Paid banking department, assessment...........................................
Officers’ b o n d s .........................................................................................
Cash on hand December 31, 1912.......................................................

$2,205
545
97
125
. 25
2
8

00
00
15
00
00
00
50
42
15 00
471 96

$3,495 03
Plan, permanent. Par value of shares, $105. Instalments are $1 monthly.
Shares in force January 1, 1912, 141; shares issued during the year, 38;
shares withdrawn during the year, 13; shares in force, 166. Borrowing
members, 8, holding 66 shares; non-borrowing members, 13, holding 100
shares. Female shareholders, 4, holding, 36 shares. Total dividends cred­
ited members during the year on instalment shares, $152.24; rate 3 per cent.
Total dividends forfeited by withdrawing members during the year, $8.42.
No unpaid withdrawals. Entrance or membership fee, 25 cents per 5 shares
or less. Operating expenses, as defined in section 227 of the Banking Law,
incurred and paid during the year, $167. Unpaid, none.
Premium plan, gross. Interest paid by borrowing members, 5 per cent.
No premium charged.
Loans have been made in Oneida county, New York State. Largest mort­
gage loan outstanding, $1,260. Mortgages in force in New York State, $6,720.
No foreclosures during the year.

ORISKANY FALLS CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION.
Oriskany Falls, N. Y.
[Organized under Law of 1894.
Officers.
P resident....................
Secretary ...................
Treasurer .................

Commenced business 1900.]

Names.
HARRY H HATHEWAY.....................
ALLEN W. REYNOLDS.....................
ALLEN W. REYNOLDS.....................

Post-office addresses.
Oriskany
Falls, N.Y.
Oriskany
Falls, N.Y.
Oriskany
Falls, N.Y.

ASSETS

Loans on bond and m ortgage.........................
Cash on hand and in bank.............................
Furniture and fixtures...................................

$36,900 00
.1,382 49
54 05
$38,336 54

LIABILITIES.

Due shareholders, instalment shares...............................................
Dividends credited ..........................................‘....................................
Earnings undivided ............................................................................
Contingent fund (as per section 225 of Banking L a w )...............

$35,364
1, 861
554
555

85
95
74
00

$38, 336 54
RECEIPTS.

Cash on hand January 1, 1912.........................................................
Dues on instalment shares credited to members...........................
Fees received ...................................................................... ..................
Fines received .......................................................................................




$1,390
10, 570
12
44

80
04
50
15

271

O nondaga C o u n ty.
Interest received ..................................................................................
Bank in te r e s t........................................................................................
Reverted dividends ..............................................................................

$2, 172 50
15 71
5 65
$14,211 35

DI SBUItSEMENTS.

Loaned on mortgage............................................................................
Instalment dues repaid on withdrawal, or applied on lo a n s ...
Dividends paid on withdrawal, or applied on loans...................
Paid interest on borrowed money and prior mortgages..............
Paid salaries and clerk-hire................................................................
Paid banking department, examination...........................................
Paid banking department, assessment.............................................
Sundry expenses ................................................................................
Oash on hand December 31, 1912.....................................................

$900
11, 708
58
1
60
22
2
75
1,382

00
10
62
56
00
00
84
74
49

$14,211 35
Plan, serial. Par value of shares, $100. Instalments are 50 cents and $1
monthly.
Shares in force January 1, 1912, 884; shares issued during the year, 50;
shares withdrawn during the year, 163; shares in force, 771. Borrowing
members, 39, holding 369 shares; non-borrowing members, 68, holding 402
shares. Female shareholders, 31, holding 215 shares. Total dividends cred­
ited members during the year on instalment shares, $1,920.57; rate, 6 per
cent. Total dividends forfeited by withdrawing members during the year,
$5.«5.
No unpaid withdrawals. Entrance or membership fee, 25 cents per share.
Operating expenses, as defined in section 227 of the Banking Law, incurred
and paid during the year, $92.24. Unpaid, none.
No premium plan. Interest paid by borrowing members, 6 per cent. No
premium charged.
Loans have been made in Oneida county, New York State. Largest mort­
gage loan outstanding, $2,200. Mortgages in force in New York State,
$36,900. No foreclosures during the year.

ONONDAGA COUNTY.
FAIR CITY CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION.
No. 631 University block, Syracuse, N. Y.
[Organized under law of 1894.
Officers.
President....................
Secretary ..................
Treasurer .................
Attorney ...................

Commenced business 1908.]

Names.
JAMES W. G ARLICS......................
CLARENCE F. MOORE.................
ANDREW J. EATON......................
WILLARD A. R ILL..................

Post-office addresses.
221 Amherst Avenue.
101 Windsor Place.
102 Putnam Street.
631 University Block.

ASSETS.

Loans on bond and mortgage............................................................
Loans on shares....................................................................................
Cash on hand and in bank..................................................................




$6, 000 00
2, 630 00
1,067 37

272

R e p o r t o n S a v in g s a n d L o a n A s s o c ia t io n s .
LIABILITIES.

Due shareholders, instalment shares................................................
Dividends credited ..................................................•..........................
Earnings undivided .............................................................................
Contingent fund (as per section 225 of Banking L a w )...............

$8,759
855
28
55

00
05
07
25

$9,697 37
RECEIPTS.

Cash on hand January 1, 1912............................................................
Dues on instalment shares credited to members...........................
Money borrowed ...................................................................................
Mortgages redeemed, foreclosed or transferred to real estate...
Loans on shares repaid........................................................................
Fees received .........................................................................................
Fines received .......................................................................................
Interest received ...................................................................................
Premium rece iv e d .................................................................................

$1,150
3,194
660
1, 700
60
27
13
473
28

3600
00
00
O'
O
00
72
6849

$7,307 25
DISBURSEMENTS.

Loaned on m ortg ag e............................................................................
Loaned on sh ares..................................................................................
Instalment dues repaid on withdrawal, or applied on lo a n s .. . .
Dividends paid on withdrawal, or applied on loans.....................
Paid borrowed money and prior mortgages...................................
Paid interest on borrowed money and prior mortgages..............
Paid advertising, printing and postage...........................................
Paid r e n t ................................................................................................
Paid banking department, exam ination .........................................
Paid banking department, assessment............................................
Officers’ b o n d s ........................................................................................
S e a l........................................................................................
Cash on hand, December 31, 1912......................................................

$3, 000
1,315
1, 137
61
660
10
23
5
.14

0000
00
11
00
28
84
OO
60
55
10 OO
2 50
1,067 37

$7,307 25

Plan, permanent. Par value of shares, $100. Instalments are $1 monthly.
Shares in force January 1, 1912, 248; shares issued during the year, 108;
shares withdrawn during the year, 68; shares in force, 288. Borrowingmembers, 14, holding 163 shares; non-borrowing members, 26, holding 125
shares. Female shareholders, 9, holding 39 shares. Total dividends credited
members during the year on instalment shares, $446.01; rate, 5%: per cent..
Total dividends forfeited by withdrawing members during the year, $28.49:
No unpaid withdrawals. Entrance or membership fee, 25 cents per share.
Operating expenses, as defined in section 227 o f the Banking Law, incurred
and paid during the year, $41.34. Unpaid, none.
Premium plan, gross. Interest paid by borrowing members, 6 per cent. No.
premium charged.
Loans have been made in Onondaga county, New York 'State. Largest
mortgage loan outstanding, $3,000. Mortgages in force in New York State,
$6,000. No foreclosures during the year.




273

O nondaga C o u n ty.

SYRACUSE CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION.
No. 101 South Salina street, Syracuse, N. Y.
[Organized under Law of 1887.
Officers.
President....................
Secretary ..................
Treasurer .................
Attorney ...................

Commenced business 1888.

Names.
Post-office addresses.
JOHN E. BIERHARDT..................................
Syracuse, N. Y.
EDWARD H. JAMES'....................................
Syracuse, N. Y.
JACOB STEPHENS ....................................
Syracuse, N. Y.
GEORGE W. DRISCOLL...............................
Syracuse, N. Y.
ASSETS.

Loans on bond and m ortgage............................................................
Loans on shares ..................................................................................
Cash on hand and in bank................................................................
Furniture and fixtures........................................................................
Instalments due and unpaid..............................................................
Interest, premium, fees and fines due and unpaid.....................

$181,254
12, 393
15, 621
120
76
75

OO
00’
01
00
00"
54

$209,539 55
LIABILITIES.

Due shareholders, instalment shares.............................................
Dividends credited ..................................... .........................................
Balance to be paid borrowers on mortgage loans.........................
Earnings undivided ............................................................................
Contingent fund (as per section 225 of Banking L a w )............

$165,516
31,606
2, 500
1, 015
8,901

00
40
00
84
31

$209,539 55
RECEIPTS.

Cash on hand January 1, 19‘12........................................................
Dues on instalment shares credited to members.........................
Mortgages redeemed, foreclosed or transferred to real esta te..
Loans on shares repaid......................................................................
Real estate sold ..................................................................................
Fines rece iv e d .......................................................................................
Interest receiv ed ..................................................................................
Reverted dividends ............................................................................
Deficiency ju d g m en t............................................................................

$12,162
32, 203
25, 357
35,076
1, 500
15
12, 078
61
275

17
00
57
00
00:
88
02
63
00

$118,729 27
DISBURSEMENTS.

Loaned on mortgage............................................................................
Loaned on shares..................................................................................
Instalment dues repaid on withdrawal, or applied on lo a n s .. .
Dividends paid on withdrawal, or applied on loans..................
Paid matured shares............................................................................
Paid salaries and clerk h ire............................................................
Paid advertising, printing and postage...........................................
Paid rent ...............................................................................................
Paid taxes, insurance, etc..................................................................
Paid hanking department, examination.........................................
Paid banking department, assessment.............................................
State League dues................................................................................
Books and stationery..........................................................................
Auditors .................................................................................................
Telephone ...............................................................................................
Office disbursem ents............................
Cash on hand December 31, 1912.....................................................




$34, 000 00
29,719 00
4,716 OO
546 50
31,206 92
2,257 00
39 57
350 00
41 41
29' 00
1550
6 00
42 IT
50 00
48' 00
41 10
15,621 01
$118, 729 27

274

R e p o r t o k S a v in g s a n d L o a n A s s o c ia t io n s .

Plan, permanent. Par value of shares, $200. Instalments are $1 monthly.
Shares in force January 1, 1012, 2,576; shares issued during the year, 375;
shares withdrawn during the year, 301; shares in force, 2,650. Borrowing
members, 1‘08, holding 1,082 shares; non-borrowing members, 236, holding
1,568 shares. No record of female shareholders. Total dividends credited
members during the year on instalment shares, $8,604.61; rate, 5 13/100 per
cent. Total dividends forfeited by withdrawing members during the year, $54.71.
No unpaid withdrawals. Amount of shares matured during the year, $31,206.92. No entrance or membership fee. Operating expenses, as defined in
section 227 of the Banking Law, incurred and paid during the year, $2,833.93.
Unpaid, none.
No premium plan. Interest paid by borrowing members, 6 per cent. No
premium charged.
Loans have been made in Onondaga county, New York State. Largest mort­
gage loan outstanding, $6,000. Mortgages in force in New York State,
$181,254. No foreclosures during the year.

ONTARIO COUNTY.
GENEVA PERMANENT LOAN AND SAVING ASSOCIATION.
No. 48. Seneca street, Geneva, N. Y.
[Organized under Law of 1851.
Officers.
President....................
Secretary ..................
Treasurer .................
Attorney ...................

Commenced business 1886.]

Names.
Post-office addresses.
MONTGOMERY S. SANDFORD...................
Geneva,
N.Y.
JOHN G. FARW ELL.......................................
Geneva,
N.V.
WILLIAM O’ HANLON..................................... Geneva,
N.Y.
LEWIS W. KEYES........................................... Geneva,
N.Y.
ASSETS.

Loans on bond and m ortgage............................................................
Loans on shares.....................................................................................
Gash on hand and in hank..................................................................
Advances for taxes, insurance, etc.................................................

$529,873
47,007
14, 085
216

00
00
58
29

$591, 181 87'
LIABILITIES.

=

=

=

=

=

Due shareholders, instalment shares...................................................
$300,238 98
Due shareholders, savings shares......................................................
181,701 72
Dividends credited ..................................................................................
89, 32310
Balance to be paid borrowers on mortgage loans.............................
5, 42500
Earnings undivided ...................................................................................
6. 54300
Contingent fund (as per section 225 of Banking L a w )............
7,950 07
$591, 181 87'
RECEIPTS.

Cash on hand January ! , 1912..........................................................
Dues on instalment shares credited to members...........................
Dues on savings shares........................................................................
Money borrowed ............................................................................ \ . .
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares repaid........................................................................
Pees re ce iv e d .........................................................................................
Fines received .......................................................................................
Interest r e ce iv e d ...................................................................................
Premiums r e ce iv e d ..............................................................................
Advances repaid ...................................................................................
Recording taxes ............................................*.....................................
Reverted d iv id en d s..............................................................................




=

=

=

=

=

$8,180
103, 753
160, 034
7, 500
72,340
39,665
93
14
26, 749
6, 087
161
47
396

24
29
33
00
05
18
50
66
04
27
53
50
66

$425,023 25

275

O range C o u n t y .
DISBURSEMENTS.

Loaned on mortgage............................................................................
Loaned on shares..................................................................................
Instalment dues repaid on withdrawal, or applied on loans. . .
Paid savings shares..............................................................................
Dividends paid on withdrawal, or applied on loans.....................
Paid borrowed money and prior mortgages.................................
Paid interest on'borrowed money and prior mortgages............
Paid salaries and clerk h ire..............................................................
Paid advertising, printing and postage...........................................
Paid rent ..............................................................................................
Paid taxes, insurance, etc..................................................................
Paid banking department, assessment...........................................
Legal expenses......................................................................................
Miscellaneous