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ANNUAL REPORT
OF TH E

Superintendent of Banks
R E L A T IV E T O .

Savings and Lo&n A§$0Ciftti6 ris,’ '
Land Bank of the State of New York and
Credit Unions

FOR THE YEAR 1917

T R A N S M IT T E D T O T H E L E G IS L A T U R E M A R C H 15, 1918




ALBANY
J. B. LYON COMPANY, PRINTERS
1918




S

t a t e

of

N

Y

ew

ork

N o. 12.

IN

SENATE
M arch 15,1918

ANNUAL REPORT
OF THE

Superintendent of Banks, Relative to Savings and Loan
Associations, Land Bank of the State of New York and
Credit Unions

STA TE OF N EW Y O R K :
B anking D epartm ent ,
A lbany , March 15, 1918.

To the Honorable 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, the
Land Bank o f the iState o f N ew Y ork and credit unions, fo r the
year ending December 31, 1917.
V ery respectfully yours,




G E O R G E I. S K IN N E R ,

Superintendent of Banks




REPORT
To the Legislature:
In com pliance with the provisions o f the Banking Law, I am
subm itting fo r your consideration that part o f the annual report
o f this Department which relates to savings and loan associations,
the Land Bank o f the State o f H ew Y ork and credit unions. A ll
o f these corporations are strictly co-operative institutions. They
differ in their management from savings hanks, which are also
mutual corporations, from the fact that their officers and directors
are elected by the members instead o f their affairs being managed
and their officers elected by a self-perpetuating board o f trustees
named at the tim e o f organization.
S avings and L oan A ssociations
The savings and loan system o f this State dates back to the
year 1851, when a b ill authorizing the incorporation o f “ B uilding,
M utual Loan and A ccum ulating Fund Associations ” was enacted.
The building and loan movement in this country antedates this
period by many years and, in fact, is said to have existed prior
to the boasted co-operative systems o f Germany and other European
nations. It is sometimes claim ed to have furnished a m odel fo r
them.
The laws governing such associations in this State were until
about twelve years ago in such condition as to perm it many abuses
and the present statute, which is as nearly perfect as the ingenuity
o f the founders o f the present associations educated by some rather
unfortunate experiences can make it, is the result o f very careful
consideration and successive amendments. It is only recently that
the savings and loan associations o f this State have commenced
to take that place among its financial institutions to which, from
their general usefulness to th rifty wage-earners and their special
function o f enabling wage-earners and laborers to obtain homes,
they are entitled. It has been a source o f great regret to those
most interested in the movement that the farm ers o f the State have
not adapted this co-operative system to their needs and made the
same use o f its opportunities as our urban population and the




[5 ]

6

A nnual R eport

of the

dwellers in villages. It is peculiarly gratifyin g to tlie advocates
o f the system that, in a year in which, with the co-operation o f
the officers o f these mutual assocations, the savings o f the th rifty
and industrious have been, through patriotic m otives, so largely
invested in Liberty bonds, the work o f these associations has
shown such great progress.
N otwithstanding the voluntary liquidation o f a number o f asso­
ciations, the involuntary liquidation o f another and the fact that
only one new association actually began business during the year,
the total resources o f the savings and loan associations o f the State
increased over $6,400,000, and the total resources o f such associa­
tions are now in excess o f $86,000,000.
The original building societies were neighborhood affairs and
terminated with the m aturity o f the shares o f the original mem­
bers. M any o f those most interested in the progress o f these asso­
ciations in the early days believed, from the experiences o f the
so-called national building and loan associations, that it would be
im possible to properly conduct large institutions o f this character.
I can remember when one national association heralded in glaring
advertisements the fact that its total resources had reached one
m illion dollars. E xperience has proved, however, that large asso­
ciations can be operated safely, provided their loaning territory is
lim ited and they are managed by competent officers. A t the pres­
ent tim e there are no less than twenty-one strictly local associations
having resources o f over one m illion dollars each, and the largest
o f these associations has total assets o f $4,318,148.
D istribution by C ounties
One o f the most pleasing features o f the savings and loan
movement, in view o f the lessons o f th rift which such associations
necessarily teach and the desire fo r home-owning which they pro­
m ote and inculcate, is their very w ide distribution geographically.
W here well managed, moreover, they seem to thrive equally in
small villages and in the large cities. Such associations are in
existence in forty-seven o f the sixty-two counties o f the State, the
number in a county varying from one to thirty-seven.
The follow in g table gives the distribution o f the associations
reporting fo r the year 1917 by counties, together with their
reported resources on the thirty-first days o f December, 1916 and




S uperintendent

of

B anks.

7

1917, and the amount o f the increase or decrease in such resources
fo r each county during the year:
R eported R esources
COUNTIES

Allegany....................................
Broome......................................
Cattaraugus..............................
Chautauqua..............................
Chemung...................................
Chenango...................................
Columbia...................................
Cortland....................................
Delaware...................................
Dutchess....................................
Erie............................................
Franklin.....................................
Genesee.....................................
Greene.......................................
Herkimer...................................
Jefferson....................................
Kings.........................................
Madison.....................................
Monroe......................................
Nassau.......................................
New York.................................
Niagara.....................................
Oneida.......................................
Onondaga..................................
Ontario......................................
Orange.......................................
Orleans.......................................
Oswego.......................................
O tsego.......................................
Queens.......................................
Rensselaer.................................
Richmond..................................
Rockland...................................
St. Lawrence.............................
Saratoga.....................................
Schenectady..............................
Steuben......................................
Sullivan.....................................
Tompkins..................................
Ulster.........................................
Warren.......................................
Washington...............................
Westchester...............................

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




Number
of
associa­
tions

6
1
4
2
3
3
3
1
2
2
1
1
37
1
1
1
4
2
28
2
18
3
32
3
5
2
1
9
2
5
1
8
5
14
7
5
1
1
6
1
1
2
4
1
1
9
1

Increase

Decrease

Dec. 31, 1916 Dec. 31, 1917

<1,293,916
202,555
1,092,790
264,357
1,631,718
533,147
2,301,548
314,949
72,009
109,016
34,201
697,131
8,635,757
116,106
595,732
221,871
941,068
646,033
9,384,973
215,245
3,266,995
499,361
11,321,691
2,815,162
4,759,909
254,148
914,215
2,839,186
370,935
1,871,297
734,674
1,049,988
4,286,185
5,429,412
2,049,359
1,577,258
110,658
1,137,733
1,689,991
40,445
155,786
46,406
474,525
623,813
28,642
1,956,097
21,888

<1,289,004
236,173
719,795
271,886
1,861,019
626,823
2,500,142
316,198
85,480
122,454
36,645
744,891
9,541,301
129,947
641,160
261,572
1,037,593
686,648
9,434,616
219,335
3,346,908
501,355
12,517,055
3,481,531
4,980,499
268,326
1,095,022
3,207,371
374,357
1,932,855
884,201
1,077,543
4,721,392
6,124,839
2,212,857
1,784,330
149,622
1,246,625
1,778,241
43,389
143,222
80,332
544,318
651,925
35,017
2,105,268
21,747

253 <79,629,881 <86,072,829

<4,912
<33,618
372,995
7,529
229,301
93,676
198,594
1,249
13,471
13,438
2,444
47,760
905,544
13,841
45,428
39,701
96,525
40,615
49,643
4,090
79,913
1,994
1,195,364
666,369
220,590
14,178
180,807
368,185
3,422
61,558
149,527
27,555
435,207
695,427
163,498
207,072
38,964
108,892
88,250
2,944
12,564
33,926
69,793
28,112
6,375
149,171
141
<6,833,560
6,442,948

<390,612

8

A nnual R eport

op the

It appears from this table that the savings and loan associations
o f twenty-one counties reported resources o f over one m illion dol­
lars each, that there was an increase in the reported resources o f
every county except fou r, and that in only one o f these counties
was the decrease considerable.
M odel B uilding and L oan A ssociation
The exceptional decrease shown in the reported resources o f the
savings and loan associations o f the county o f B ronx is due to the
failu re o f the M odel B uilding and Loan Association o f M ott
Haven as a result o f the dishonesty o f two o f its officers. This
failu re is one o f the rare cases in which the Departm ent has been
obliged to close a local savings and loan association on account o f
the crim inal conduct o f its officers, and was all the more remark­
able from the good reputation that those officers had previously
borne. The liquidation o f this association has proceeded so
rapidly that thirty-five per centum o f their claims has already
been paid to the investing members o f the association, notwith­
standing the involved .condition in which its affairs were le ft as
the result o f the forgeries perpetrated.
E agle S avings and L oan C ompany
M ention has been made in recent reports o f this Department
o f the affairs o f the E agle Savings and Loan Company, one o f the
surviving national building and loan associations, which not only
suffered from the false theories originally adopted and the unsound
methods practiced until prohibited by amendments to the Bank­
in g Law, but from two rather serious defalcations which were
brought to light by examiners o f this Department. Since the
discoveiy o f the last defalcation, its affairs have been further com­
plicated by numerous suits brought by various members to have
their claim s preferred at the expense o f the membership gen­
erally, on account o f alleged false representations made by form er
officers, the probability being ignored that practically the same
representations were made to all members o f the same class. On
account o f the varied testim ony in the individual eases, however,
the courts seem to have been unable to form ulate any general rule
by which the rights o f the various classes o f members could be




S uperintendent

of

B anks.

9

determined and, with only five shareholders opposing, the mem­
bers have since the close o f the year voted to go into voluntary
liquidation, in accordance w ith the provisions o f section 486 o f
the Banking Law.
A ssociations V oluntarily D issolved
The Broadway D ry Goods Co-operative B uilding and Loan
Association o f N ew Y ork and the M utual Savings, Loan and
B uilding Association, o f Rom e, voluntarily liquidated their affairs
during the year, paying all members in fu ll, and have been finally
dissolved by orders o f the Supreme Court.
N ew A ssociations
The follow ing table gives the names and locations o f the savings
and loan associations organized during the year, together w ith the
dates upon which the organization certificates were approved and
the dates when their authorization certificates were issued:

Location

Certificate
approved

Date of
authorization

Sept. 4,1917

NAME

Sept. 5,1917

Sept. 14,1917
Dec. 26,1917

Sept. 14,1917
Dec. 26,1917

Northern Westchester Savings and Loan AssociaCooperstown Savings and Loan Association........

Cooperstown..

The N orthern W estchester Savings and Loan Association and
the Cooperstown Savings and Loan Association had not yet com­
menced business at the close o f the year.
A ssociations in L iquidation
A number o f the associations have done no new business in
many years and are in practical liquidation, although their names
are still carried upon our roster and their reports are included in
our tabulations. The follow ing table gives the names and locations
o f such associations:




10

A nnual R epoet

op the

Elm ira M utual Building-Loan A ssociation .......................................................
Security Loan A ssociation .....................................................................................
W estern Savings and Loan A ssociation .............................................................
C o-operative Building B ank.................................................................................
Harlem R iver Building, Loan and Savings A ssociation ................................
M ount M orris C o-operative Building and Loan A ssociation .......................

Elm ira.
R ochester.
R ochester.
New Y ork.
N ew Y ork.
N ew Y ork.

N ational and L ocal A ssociations
Although only two o f the associations form erly classified as
national building and loan associations are still engaged in active
business, it seems only fa ir to the strictly local associations to sep­
arate their operations from those o f the form er national associa­
tions, although the present business o f both classes o f associations
is governed by the same statute. The follow ing are the associa­
tions form erly classified as national building and loan associations:
Central Savings and Loan A ssociation...............................................................
Eagle Savings and Loan C om pany.....................................................................
Elm ira M utual Building-Loan A ssociation.........................................................
W estern Savings and Loan A ssociation .............................................................
Bankers Loan and Investm ent C om pany.........................................................
C o-operative Building B ank.................................................................................

A lbany.
B rooklyn.
Elm ira.
Rochester.
N ew Y ork.
N ew Y ork.

C omparative T able
The follow ing table gives the principal items o f assets and lia­
bilities, receipts and disbursements o f the associations o f the State
at the close o f business Decem ber 31, 1917, with various items o f
general interest, the items being separately stated fo r the national
and local associations:

A ssists

Nationals

Locals

Totals

$1,955,523 $73,625,287
35,343
2,084,722
8,755
2,070,234
4,000
99,000
Shares of Land Bank of the State of New York...........
11,709
302,262
1,181,433
1,489,652
428,158
2,450,199
Cash on hand and in bank...............................................
43,202
4,566
Furniture and fixtures.......................................................
28,473
108,199
20,549
Interest, premium, fees and fines due and unpaid........
29,321
92,182

$75,580,810
2,120,065
2,078,989
103,000
314,031
2,671,085
2,878,357
47,768
28,473
128,748
121,503

$3,679,417 $82,393,412

$86,072,829

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




S uperintendent

op

L iabilities

B anks.

Nationals

11

Locals

Totals

Other liabilities..................................................................

$2,851,278 $66,511,490
31,343
353,684
8,445,346
104,260
255,985
14,951
135,200
218,550
1,964,100
35,000
675,800
277,332
1,415,465
2,310,012
21,751
167,120
124,952
159,210

$69,362,768
385,027
8,549,606
270,936
353,750
1,999,100
675,800
1,692,797
2,331,763
167,120
284,162

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

$3,679,417 $82,393,412

$86,072,829

Due shareholders, dues.....................................................
Due shareholders, matured shares..................................
Due shareholders, dividends credited.............................
Balance due borrowers on mortgage loans.....................
Prior mortgages.................................................................
Borrowed money...............................................................
..............................................................
Undivided profits
Guaranty fund..................................................................

R eceipts

$2,999,670
22,402,772
22,050
4,282,142
8,984,978
2,018,597
279,976
36,115
38,777
4,171,233
278,056
75,992
65,138
1,692,076

$3,250,376
22,550,061
42,050
4,361,422
9,337,962
2,029,909
398,220
36,472
38,960
4,269,080
291,498
138,579
66,185
1,945,789

$1,411,991 $47,347,572

$48,759,563

Loaned on mortgages........................................................
Loaned on shares..............................................................
Payments to shareholders before maturity, dues..........
Paid matured shares....................................................... .
Payments to shareholders, dividends withdrawn..........
Cash dividends paid on income and accumulative prcpaid 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, 1917...................................

$244,364 $14,589,316
2,218,802
17,960
110,491
14,410,787
14,411
4,673,756
1,213,911
11,016

$14,833,680
2,236,762
14,521,278
4,688,167
1,224,927

349,009
3,520,487
109,946
389,136
318,597
40,358
38,719
32,296
52,003
2,940,250
2,450,199

359,412
3,650,717
126,948
469,017
343,316
45,654
46,955
49,259
78,014
3,207,100
2,878,357

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

$1,411,991 $47,347,572

$48,759,563

Cash on hand January 1, 1917........................................
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....................................................................
Dividends retained on withdrawals.................................
Other receipts...................................................... 1...........
Totals..........................................................................

$250,706
147,289
20,000
79,280
352,984
11,312
118,244
357
183
97,847
16,442
62,587
1,047
253,713

D isbursements




10,403
130,230
17,002
79,881
24,719
5,296
8,236
16,963
26,011
266,850
428,158

12

A nnual R eport

M iscellaneous Items

op the

Nationals

Locals

Shares in force January 1,1917.......................................
1,799,464
127,913
Shares issued during the year..........................................
14,096
469,660
Shares withdrawn during the year..................................
8,384
361,640
Shares in force December 31, 1917..................................
133,625
1,907,484
Borrowing members..........................................................
39,391
346
Shares held by borrowing members.................................
508,504
10,373
Non-borrowine members..............................................
6,981
152,853
Shares held by non-borrowing members.........................
123,252
1,398,980
Female shareholders*........................................................
2,675
63,331
Shares held by females*...................................................
455,703
43,773
Dividends credited on installment shares during the year
84,113 $2,758,592
Dividends credited or paid in cash on other shares
during the year..............................................................
$780,399
$18,123
Filed and unpaid withdrawals December 31, 1917........
$756,920
$76,494
Shares matured during the year......................................
$15,011 $4,660,768
Operating expenses for the year, paid............................
$49,680
$446,617
Operating expenses for the year, unpaid........................
$31
$1,088
Amount of mortgages on property in this State............ $1,925,942 $69,329,756
$1,351,397
Number of foreclosures commenced in 1917..................
39
223
Number of foreclosures completed in 1917.....................
13
130
Number of parcels of real estate acquired in’ 1917 by
foreclosure or settlement of loans................................
19
112

Totals

1,927,377
483,756
370,024
2,041,109
39,737
518,877
159,834
1,522,232
66,006
499,476
$2,762,705
$798,522
$833,414
$4,675,779
$496,297
$1,119
$71,255,698
$1,351,397
262
143
131

*E
ighteen associations dtd not report in regard to these item
s.
I tems op S pecial I nterest
W hile the total reported assets o f all the associations o f the
State were $86,072,829, an increase o f $6,442,948, the assets o f
the local associations amounted to $82,393,412, an increase o f
$6,390,741, or 8.4 per centum. The membership o f all the asso­
ciations o f the State was 199,571, a decrease o f 743, w hile the
membership o f the local associations decreased 1,873, leaving a
total membership in the local associations o f 192,244.
The fem ale shareholders constituted nearly one-third o f the
membership o f these associations, there being 66,006 fem ale share­
holders, holding 499,476 shares. Eighteen o f the associations,
moreover, did not report the number o f fem ale shareholders. The
local associations paid over $670,000 m ore to the holders o f
matured shares than during the previous year, the total amount
so paid them being $4,673,756. The total amount paid to the
holders o f matured shares by all the associations was $4,688,167.
The extent to which these associations are used as a m atter o f
tem porary accommodation or their shareholders find themselves




S uperintendent

of

B anks.

13

unable to carry their shares to m aturity, is indicated by the amount
o f withdrawals paid. The total withdrawals paid during the year
amounted to $15,746,205, o f which amount $15,624,698 was paid
by the local associations. This is $2,322,958 m ore than was paid
during the preceding year.
Cash dividends were also paid to members to the amount o f
$359,412, making total payments to members during the year o f
$20,793,784, or m ore than one-fourth o f the total resources o f the
associations at the beginning o f the year.
The associations had cash on hand at the end o f the year amount­
ing to $2,878,357. The amount o f money borrowed by them, how­
ever, at the close o f the year amounted to $1,999,100, an increase
o f $700,000. It is believed that this increase is largely due to
their endeavors to participate as fu lly as possible in the placing
o f Liberty Loan bonds, either by direct investment and sale or by
the issue o f national defense savings shares. Savings and loan
associations either fo r themselves or their patrons subscribed fo r
Liberty Loan bonds to the amount o f $3,140,400.
One o f the gratifyin g features o f their reports is the continued
increase in. the guaranty funds o f the local associations, consisting
o f the amounts set aside each year to meet unforeseen losses. The
guaranty funds o f the various local associations at the close o f the
year amounted to $2,310,012. The undivided profits o f the local
associations at the close o f the year amounted to $1,415,465, giving
them an aggregate surplus o f $3,725,477, or nearly 5 per centum
o f all the dues and dividends credited to members, an increase
during the year o f $326,368.
The total surplus o f all the associations o f the State, including
nationals, was $4,024,560, or 5.14 per centum o f the various
amounts credited to their members.
E arnings , E xpenses and D ividends
There is sufficient uniform ity at the present tim e in the busi­
ness methods o f the various savings and loan associations o f the
State so that, w hile to some extent an approxim ation, the principal
items o f profit and loss can be inserted under general headings.
The follow in g table gives as nearly as is practicable the earnings
and expenses o f the two classes o f associations, together with
totals:




A nnual R eport

14

E arnings

of the

Locals

Nationals

Fees received......................................................................
Fines received....................................................................
Interest received................................................................
Premiums received............................................................
Rent received....................................................................
Dividends forfrated...........................................................

$357
183
97,847
16,442
62,587
1,047

$36,115
38,777
4,171,233
278,056
75,992
65,138

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

$178,463

$4,665,311

Totals

.

$36,472
38,960
4,269,080
294,498
138,579
66,185

$4,843,774

•
E xpenses

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.................................................
Miscellaneous operating expenses....................................

$17,002
24,719
5,296
8,236
16,963
26,011
11,460

$109,946
318,597
40,358
38,719
32,296
52,003
50,031

$126,948
343,316
45,654
46,955
49,259
78,014
61,491

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

$109,687

$641,950

$751,637

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

$68,776

$4,023,361

$4,092,137

The total net earnings o f all the associations o f the State, ac­
cording to this table, appear to have been $4,092,137, o f which
amount $4,023,361 was reported by the local associations. The
dues and dividends credited to the members o f these associations
on the first o f the preceding year amounted to $70,338,225, so that
earnings were at the rate o f over 5.7 per centum per annum.
The rate o f dividends paid by 238 local associations upon their
installm ent shares averaged five and three-eighths per centum,
w hile 127 o f these associations paid dividends on other classes o f
shares averaging fo u r and one-half per centum per annum.
The two national associations still engaged in active business
credited dividends upon their regular installm ent shares at the rate
o f six per centum per annum and paid dividends on other classes o f
shares at the average rate o f five and five-eighths per centum per
annum.
The operating expenses, or expenses o f management, o f the
local associations during the year amounted to $447,705, or sub­
stantially $6.36 fo r each thousand dollars o f accumulated capital,
while the operating expenses o f all the associations, including
nationals, amounted to $497,416, or $6.78 fo r each thousand dol­
lars o f accumulated capital.




S uperintendent

of

B anks.

15

Upon the basis o f resources, the economy exercised would be
even more apparent, as the operating expenses o f all the associ­
ations o f the State would be $5.77 fo r each thousand dollars o f
reported resources and fo r the local associations $5.43.

L and B ank of th e State of N ew Y ork
In considering the total resources o f the savings and loan
system, there can very w ell be added the assets o f the Land Bank
o f the State o f N ew Y ork, which amounted at the close o f busi­
ness on the thirty-first day o f December, 1917, to over threequarters o f a m illion o f dollars, an increase o f nearly $300,000
during the year.
This institution was designed to be a central institution fo r
the savings and loan associations o f the State. It constitutes, to
some extent, a clearing house fo r the operations o f its members
and bears about the same relation to them that the Federal Keserve
Bank bears to its member banks. Its purpose is to furnish mem­
ber associations with funds at a com paratively low rate o f interest
and to make liquid, to as great a degree as is possible, the land
values o f the State whether the lands are located in farm ing sec­
tions or in cities. But, as has already been noted, from lack o f un­
derstanding o f the opportunities presented or fo r other reasons,
none o f the co-operative systems o f the State which have thus far
been developed have become popular among farm ers and even the
savings and loan associations o f the State already organized have
quite largely failed to avail themselves o f the advantages offered by
membership in this institution. E very association o f the State is
eligible fo r membership, but, through the in jection o f politics, the
Land Bank was nearly wrecked at the tim e o f its organization, and
the prejudices then created have never been entirely removed. It
must be adm itted, moreover, that present conditions are hardly
suitable fo r its rapid growth and the development o f the ideas
underlying its organization. It is perhaps indicative o f its real
merits that it has made as much progress as it has and at some
future tim e it may fu lly realize the expectations o f its founders.
Its growth does not appear to com pare unfavorably with that o f
the Farm Land Banks practically organized and supported by
the N ational Government. The follow ing table gives the names




16

A nnual R epost

of the

and locations o f the associations which are members o f the Land
Bank at the present tim e:

Members Associations of the Land Bank o f the State o f New York
N ame
L ocation
Am erican C o-operative Savings and Loan A ssociation................. New Y ork.
A tlantic Savings and Loan A ssociation............................................ Brooklyn.
Bank Clerks’ C o-operative Building and Loan A ssociation o f
New Y ork C ity .................................................................................... New Y ork.
Bankers’ Loan and Investm ent C om pany........................................ New Y ork.
B ay B idge Savings and Loan A ssociation ........................................ B rooklyn.
B edford C o-operative Building-Loan A ssociation........................... Brooklyn.
B rooklyn M utual Building and Loan A ssociation .......................... Brooklyn.
Building and Loan A ssociation o f Newburgh, N . Y ., T h e ........... Newburgh.
Bushwick C o-operative Building and Loan A ssociation ............... B rooklyn.
Catskill Savings and Loan A ssociation.............................................. Catskill.
Chenango C o-operative Savings and Loan Association o f N or­
w ich, N . Y ., T h e................................................................................. N orw ich.
C o-operative Building Bank, T h e....................................................... New Y ork.
C o-operative Savings and Loan A ssociation o f New Y ork ........... New Y ork.
Corning C o-operative Savings and Loan A ssociation.................... Corning.
D im e Building and.Loan A ssociation, T h e...................................... Oswego.
D im e Savings and Loan A ssociation.................................................. Cortland.
E ast B rooklyn Savings and Loan A ssociation................................. B rooklyn.
E ast New Y ork Savings and Loan A ssociation............................... B rooklyn.
E quitable C o-operative Building and Loan A ssociation ............... B rooklyn.
First Farmers’ Savings and Loan A ssociation................................. W oodridge.
' Franklin Society for H om e Building and Savings, T h e............... New Y ork.
Geneva Perm anent Loan and Savings A ssociation......................... Geneva.
Germ an-Am erican Building and Loan A ssociation o f the C ity o f
N ew Y ork, T h e.................................................................................... New Y ork.
Gouverneur Savings and Loan A ssociation ...................................... Gouverneur.
H am ilton Savings and Loan A ssociation .......................................... B rooklyn.
H om e Building and Loan A ssociation o f .......................................... Spring V alley.
H om estead Loan A ssociation ............................................................... Rochester.
M anhattan Savings and Loan A ssociation....................................... New Y ork.
M eehanicville C o-operative Savings and Loan A ssociation.......... M echanicville.
M odel Building and Loan A ssociation o f B rooklyn, N . Y ., The B rooklyn.
N ew R ochelle C o-operative Building and Loan A ssociation........ New R ochelle.
N ew Y ork Edison Savings and Loan A ssociation, T h e................. New Y ork.
N iagara Perm anent Savings and Loan A ssociation, T h e.............. Niagara Falls.
N orth Shore Building, Loan and Savings A ssociation................... P ort R ichm ond.
Ogdensburg Savings and Loan A ssociation ...................................... Ogdensburg.
Oriskany Falls C o-operative Savings and Loan A ssociation........ Oriskany Falls.
Pioneer Building-Loan and Savings A ssociation o f T roy, T h e ... T roy.
Polish-Am erican C o-operative Savings and Loan A ssocia tion .. . B rooklyn.
Polish Savings and Loan A ssociation o f R ichm ond C ounty, N .Y .,
T h e......................................................................................................... P ort Richm ond.
Prudential Savings and Loan A ssociation ........................................ W est New Brighton.
Queens C ounty C o-operative Savings and Loan A ssociation ----- Jamaica.
R ockaw ay Savings and Loan A ssociation ......................................... R ockaw ay Park.
Saugerties C o-operative Savings and Loan A ssociation, T h e .. . Saugerties.
Serial Building, Loan and Savings In stitu tion ................................ New Y ork.
South B rooklyn Savings and Loan A ssociation............................... B rooklyn.
South Shore Savings and Loan A ssociation.......... ........................... N ew D orp.
W alton C o-operative Savings and Loan A ssociation, T h e ........... W alton.
W esterleigh Building, Loan and Savings A ssociation.....................W est New Brighton.

The Land Bank has a capital o f $103,000, a surplus o f $5,425
and total resources o f $757,932.




S uperintendent

of

B anks

17

It seems quite probable that, even during this period o f high
interest rates when the operations o f all financial institutions are
restricted by the enormous demands that are being made upon the
financial resources o f the country by the N ational Government,
membership in this institution w ill prove valuable and the Land
Bank may be able to demonstrate its usefulness.
C redit U nions
A credit union is the latest form o f co-operative financial insti­
tution authorized by the laws o f this State. The statute relating
to credit unions is based partially upon the form s o f co-operative
finance existing in other countries and states and partially upon
the experience o f the savings and loan associations o f this State.
Credit unions were intended to enable wage-earners generally,
by pooling their resources and their credit, to obtain small loans
at reasonable rates and to assist farm ers by the same means in pro­
curing funds fo r productive purposes upon their personal credit.
Although the form ation o f war savings societies and the sale o f
war savings certificates and war savings stamps w ill, in my judg­
ment, affect to a considerable extent the business o f these small
institutions and w ill possibly prevent fo r a tim e their rapid
growth, eleven credit unions were organized during the year 1917.
N ew C redit U nions
The follow ing table gives the names and locations o f the credit
unions organized during the year, the dates on which their organi­
zation certificates were approved and the dates on which their
authorization certificates were issued:
nam e

New York Life Employees’ Credit Union..............
Austrian Hungarian Credit Union.......................
American Mutual Credit Union.............................
Star Credit Union....................................................
Riverside Businessmen Credit Union of New
York C ity..........................................: .................
Jewish Farmers Co-operative Credit Union of
Mountaindale, New Y ork...................................
The Tribune Credit Union, In c.............................
Metals Credit Union...............................................
Homier Credit U n ion .............................................
Japanese Credit Union............................................
Madison Avenue Credit Union..............................




Location

Certificate
approved

Date of
authorization'

New York___
Brooklyn........
New Y o rk .. . .
Rochester. . . .

Jan. 12,1917
Nov. 14,1916
Feb. 19,1916
April 25,1917

Jan.
Jan.
Mar.
M ay

New York___

April 25, 1917

May 3,1917

Mountaindale. Mar. 24,1917
New Y ork___ April 13,1917
New Y o rk .. . . June 11,1917
New Y o rk .. . . June 22, 1917
New York___ June 11,1917
New Y o rk .. . . May 23,1917

May 9,1917
June 7,1917
June 18,1917
July 17,1917
June 23,1917
Sept. 27,1917

17,1917
24,1917
22,1917
9,1917

A nnual R eport

18

op the

The Japanese Credit U nion did not begin business w ithin the
tim e lim ited and its corporate existence has been forfeited.
S ummary op R esources and L iabilities
The follow ing table contains a summary statement o f the
resources and liabilities o f the credit unions o f the State at the
close o f business on the thirty-first day o f December, 1917, as
reported to this department:
Resources
Loans to m em bers.....................................................................................................
B on ds............................................................................................................................
Shares o f other credit union s..................................................................................
Cash on hand and in bank......................................................................................
Interest on loans due and accrued........................................
Other assets.................................................................................................................

$319,869
68,428
29
74,205
1,857
988

T ota ls...................................................................................................................

$465,367

Liabilities
Shares, fu lly p a id .......................................................................................................
Shares, installm ent.....................................................................................................
Unpaid dividends credited on shares....................................................................
Am ount due members for deposits........................................................................
Borrow ed m on ey........................................................................................................
Guaranty fu n d ...........................................................................................................
U ndivided profits................................................................................<
......................
Interest accrued on deposits....................................................................................
Interest accrued on borrow ed m on ey...................................................................
Other liabilities........................................................................................................

$308,735
23,774
272
53,633
16,610
13,266
16,637
157
7
32,276

T ota ls...................................................................................................................

$465,367

Although the law authorizing the organization o f credit unions
has only been in existence a short tim e, thirty-nine credit unions
are now engaged in business in this State and, as appears by the
foregoing table, they have accumulated total resources o f
$465,367.
The greatest difficulty that has been found in connection with
.the organization and operation o f credit unions is the fact that
they have been incorporated largely by people o f such lim ited
business experience that it has been hard to find capable
officers, and especially secretaries with sufficient knowledge o f
bookkeeping methods to enable them to keep their records cor­
rectly or even to make proper reports to this department. This
trouble has been encountered, notwithstanding the thoroughness
with which applications fo r authorization have been investigated




S uperintendent

oe

B anks

19

and so much care has been exercised that eleven applications
fo r the authorization o f credit unions were refused during the
year.
C onclusion
The law relating to savings and loan associations, the Land
Bank o f the State o f N ew Y ork and credit unions w ill be printed
in the appendix to this report. The appendix w ill also contain
in slightly abbreviated form , the reports o f all these corporations,
together w ith summary statements o f their resources and liabili­
ties and, where reported, their receipts and disbursements. It
w ill also contain a table giving the names, locations, dates o f
organization and dates o f liquidation, i f closed, o f all savings and
loan associations which have at any tim e reported to this
department.
R espectfully submitted,




G E O R G E I. S K IN N E R ,

Superintendent of Bwiks.







APPENDIX




LIST
OF

Savings and Loan Associations
That have Reported to the Banking Department or have been Organized or Authorized
under the Banking Law

F r o m 1875 t o 1917

Including Building Lot Associations
N ote .— The associations whose names are printed in Sm all C aps closed before 1890.
The associations whose names are printed in Italics dosed after 1890.
The associations whose names are printed in Roman are in existence at thi3 date, January 1,
1918.




[23]

to

LIST OF SAVINGS AND LOAN ASSOCIATIONS
NAMES OF ASSOCIATIONS.
ALBANY COUNTY.
Albany County Savings and Loan Association of Albany, N. Y ........

Location.

Organized.

First
report
for year.

1873
July 15,1890
May 19,1913
Feb. 4,1889

1892
1888
1891
1891
1891
1876
1888
1889
1890
1875
1875
1875
1875
1875
1890
1913
1890

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

Alfred,

April 9,1884

1889

BRONX COUNTY.
Eureka Co-operative Savings and Loan Association.......................
Model Building and Loan Association of Mott Haven a ...................
Mount Saint Vincent Co-operative Building and Loan Association
North New York Co-operative Building and Loan Association.. . .
Tremont Building and Loan Association..........................................

New York,
New York,
New York,
New York.
New York.

June 8,1888
Aug. 13,1889
Mar.,
1888
April 19,1888
May,
1884

1888
1889
1890
1888
1889

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,

Binghamton
Binghamton
Binghamton,
Deposit. . . .
Binghamton

May 22,1891
Mar. 15,1875
April 2,1886
Mar. 1,1894
June 24,1889

1891
1875
1887

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

Gowanda..
Olean........
Salamanca.

Oct. 5,1889
Feb. 1,1892
Sept.,
1882

1890
1892
1884

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 Association t ..........

Jamestown,
Jamestown
Dunkirk...
Jamestown
Jamestown.

Nov. 1,1881
May 13,1891
April 1,1889
Nov. 22,1881
Nov. 22,1881

1881
1891
1890
1894
1883

A lbany Savings

and

G erman Savings

and

L oan A ssociation ................................................

Central Savings and Loan Association....................................................
Central Savings and Loan Association] j| ..............................................
|
Commercial Union Cooperative Bank....................................................
B uilding F und A ssociation , N o . 8 .............

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

and
and
and
and
and

B uilding
B uilding
B uilding
B uilding
B uilding

F und
F und
F und
F und
F und

A ssociation ,
A ssociation ,
A ssociation ,
A ssociation ,
A ssociation ,

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

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

BROOME COUNTY.
Binghamton and Washington Land Company.......................................
C atholic B uilding




and

L oan F und A ssociation ...........................

Oct. 11,1892
Nov. 5,1888
Dec.,
1890
Feb. 16,1891
Feb. 16, 1891
May 7,1888
Dec. 31,1888
Jan. 29, 1889
1868
1869
1868

1889

*1888
tl892
*1876
Mch. 28, 1913
*1876
*1876
*1878
*1877
*1877
***Oct. 11, 1905

Mar. 9, 1917

1893
*1881
1894

1895
1902
1901
$1894

R eport on S avings and L oan A ssociations

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

Albany.........
Albany.........
Albany.........
Albany.........
Albany.........
Albany.........
Albany.........
Albany.........
Albany.........
Albany.........
Albany.........
Albany.........
Albany.........
Albany.........
Albany.........
Voorheesville
Albany.........

Closed.

Lake Shore Savings and Loan Association.........................................
Scandinavian Building and Loan Association......................................
Silver Creek Co-operative Savings and Loan Association.................
CHEMUNG COUNTY.
Chemung Valley Mutual Loan Association^......................................
Elmira Co-operative Savings and Loan Association..........................
E lm ira B uilding

and

L oan A ssociation ...........................................

T ow n

op

F ishkill B uilding

and

Elmira...................................
Elmira...................................

April,
1875
May 28,1888
May 1,1872
April 18,1893
Sept.,
1891

1875
1888
1875
1893
1891

Oxford...................................

April 24, 1888
July 23,1897

1888
1897

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

1876
1911
1881

Mar. 28,1895
July 31,1911
Oct. 11.1907

1907

April, ||1888

1888
1882

ww

1895
1911

Hudson.................................

L oan A ssociation .....................

ERIE COUNTY.
Acme Savings and Loan A ssociationff.................................................
Adams Savings and Loan Association..................................................

1891
1890

Aug. 5j 1890
April 15,1909

*1878
1893
* io io

Mar. 4,1905

*1882

1890
***1902
1890
1893
1875
*1875
1890
/Etna Permanent Savings and Loan Association...............................
A llemania Savings and A id A ssociation ..........................................
1875
*1878
Buffalo..................................
1890
ttl900
Buffalo..................................
Amherst Savings and Aid Association..................................................
1900
Feb. 8, 1909
Amherst Savings and Loan AssociatwmlflT............................................
Buffalo..................................
1876
*1879
A micable Savings and A id A ssociation ............................................
Buffalo..................................
1875
*1879
A urora Savings and A id A ssociation ................................................
Buffalo..................................
1890
1898
Bavaria Mutual Permanent Savings and Loan Association................
Buffalo..................................
1875
*1875
Buffalo..................................
B av a r ia Street A iding and A ccumulating Society .....................
1893
1895
Black Rock Capital Savings and Loan Association..............................
Buffalo..................................
1890
Black Rock Mutual Home and Savings Association.........................
Jan. 1,1890
1892
1890
Bristol Permanent Dime Savings and Loan Association..................... .
Buffalo..................................
1890
1893
Broadway Dime Permanent Savings and Loan Association................ .
Buffalo.................................. Feb. 27, 1890
1894
**1894
Buffalo.................................. Mar. 31,1891
Broadway Market Dime Permanent Savings and Loan Association_
_
1890
1893
Buffalo Building and Loan Association................................................
Buffalo.................................. Jan. 8,1890
*1875
1875
B uffalo C ity Savings and M utual B enefit F und A ssociation ,
Buffalo..................................
* 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.
+f Formerly Globe Permanent Dime Savings and Loan Association, q. v.
t Formerly James­
town Permanent Loan and Building Association, q. v. Reorganized December 17, 1894.
t t Name changed to Amherst Savings and Loan Association March 19,
1900.
| Reorganized as Jamestown Co-operative Savings and Loan Association, December 17, 1894.
If Reorganized October 7, 1896.
IHf Formerly Am­
herst Savings and Aid Association, q. v.
j|Reincorporated July 9, 1895.
|| Formerly Commercial Union Co-operative Bank,
||
a Taken possession of by
Superintendent of Banks.
/E tna L oan

and

A ccumulating F und A ssociation .......................




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

Jan. 13, 1890
1887
Mar. 21, 1872
Oct. 23, 1889
June 3,1874
Mar. 27,1890
Mar. 27,1890
April 11,1876
Mar. 16,1875
April 2, 1888
Deo. 6,1872
1889

1909

1896

L ist of A ssociations

Elmira Mutual Building-Loan Association.........................................
Queen City Homestead Association.......................................................
CHENANGO COUNTY.
Chenango Co-operative Savings and Loan Association.....................
Oxford Co-operative Savings and Loan Association..............................
COLUMBIA COUNTY.
Hudson Building and Loan Association...............................................
Hudson Savings and Loan Association...............................................
Stuyvesant Falls Building and Loan Association..............................
CORTLAND COUNTY.
Century Co-operative Savings and Loan Association.......................
Dime Savings and Loan Association...................................................
DELAWARE COUNTY.
Walton Co-operative Savings and Loan Association (The)...............
DUTCHESS COUNTY.
Home Co-operative Savings and Loan Association...........................

Feb. 13,1891

Jamestown............................

to

c*

L ist

of

Savings

and

to
os

L oan A ssociations — (Continued).

NAMES OF ASSOCIATIONS.

Location.

Organized.

First
report
for year.

Closed.

1890
June 21,1887
Feb. 20,1881
April 12,1879
Mar. 31,1893
Jan. 28,1890
Aug. 10,1904
Feb. 9,1874
April,
1888
May 22,1880
Feb. 22,1876
June 6,1890
July 1,1885
May 31,1887
Aug. 4,1884
Sept. 3,1878
Nov. 24,1891
Mar. 2,1891
April 12,1878
May,

1870

Feb. 3,1.890
April 30,1890
C olumbia Savings

and

C oncordia S avings
C oncordia S avings




A id A ssociation , N o . 2 ..................................................................

Sept. 7,1876

A id A ssociation , N o . 2 ................................................................
A id A ssociation , N o . 3 ................................... ............................

May 1,1894
Mar. 22,1897
Aug. 4,1869
April 1,1876
Oct. 4,1870
May 24; 1873

and
and

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

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

*1893
1892
Feb. 24, 1912
1896
*1875
*1875
t+1901
*1890
May 22,1908
*1875
July 25,1894
*1877
*1878
1892
1897
*1875
1892
*1878
tl892
Dec. 17,1894
*1879
1894
*1892
*1878
*1877
*1875
1891
*1878
1897
Dec. 1,1905
' 1892
*1877
*1879
*1875
1895
1897
*1875
*1880
*1876
*1877

R eport on

ERIE COUNTY — {Continued).

m
%
w
a
c
m
>
§
f

0

*
>
m
01
O
Q

*1879
1876
1892
1890
1913
1902
1890
*1875
1875
1895
1899
1890
*1875
1875
*1876
1875
Nov. 18, 1905
1892
Dec. 10,1891
1891
1893
Nov. 22,1891
1894
1891
Sept. 11,1888
1876
*1878
1913
June 24,1913
1893
1890
April 11,1888
1875
*1877
Buffalo...................................
1894
April 19,1894
1892
1894
Jan. 2,1887
1895
1897
Nov. 1,1895
1875
*1877
Buffalo...................................
Mar. 18,1889
1889
*1878
April 6,1878
1878
E llicott Savings an d L oan A sso ciatio n ..............................................................................
1892
Feb.,
1882
1890
1890
1915
Sept. 22,1879
1875
*1876
1892
1890
April 3,1888
ttl899
1890
Feb. 27,1890
1902
1890
Oct.,
1888
*1875
1875
1889
Dec. 21,1883
*1875
1875
Aug. 6,1870
*1878
1878
Buffalo................................... Mar. 10,1877
1901
1890
May,
1889
ttl896
1890
Mar. 4,1890
*1879
1878
1890
1897
Dec. 2,1889
1892
1890
May,
1889
*1877
1875
April 17,1871
1896
1890
July,
1884
*1878
1878
1875
*1876
Buffalo................................... Jan. 5, i87 i
1891
May 27,1891
**1895
1890
Buffalo................................... July 1,1890
*1877
1877
Buffalo................................... Mar. 7,1877
1875
*1875
May 5,1891
1890
Buffalo...................................
1891
1897
Frontier Savings Fund and Aid Association......................................................................... Buffalo................................... April 28,1891
* The last report received was for that year.
** Amalgamated with Irish-American Savings and Loan Association.
t Consolidated with Richmond
Avenue Permanent Dime Savings and Loan Association.
f t Receiver appointed.
t Did not report for year 1896.
§ Formerly Iroquois Permanent Dime
Savings and Loan Association, q. v.
If Attempted revival of St. Joseph’s Street Permanent Savings and Loan Association of Rochester, q.
closed by order of
the Superintendent of Banks in 1897.
7,1876
2,1889
14,1913
16,1886
26,1872
14,1895
22,1889

L ist of A ssociations




June
Dec.
May
Oct.
July
Aug.
Jan.

to

to

L ist

of

Sayings

and

00

L oan A ssociations — (Continued)

names of associations.

Location.

Mar.
Mar.
Oct.
June
June
May
July
Oct.
Oct.
Aug.
May
July

20,1890
14,1871
26,1914
5,1873
1,1869
8,1876
1890
1,1890
1890
1,1890
1,1890
4,1898
13,1878
6,1869

June 1,1890
Jan. 13,1890
July 1,1886
May 2 8 ,188B
Jan. 7,1889
Jan. I! 1890
Feb. 6,1873
May 7,1886
Sept. 16,1882
Oct. 6,1870
June 4,1890
Jan. 31,1884
May 1,1890
May 6,1890
May 29,1883
Feb. 19,1881
June 24,1891
July 21,1875
Sept. 30j 1890
Dec. 24,1914
JEFFERSON AND CLINTON LOAN AND ACCUMULATING FUND ASSOCIATION.......................




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

First
report
for year.

1890
1875
1914
1875
1875
1876
1892
1890
1891
1890
1892
1898
1891
1875
1875
1892
1876
1890
1890
1890
1889
1*90
1875
1875
1890
1875
1890
1875
1890
1890
1890
1890
1890
1890
1875
1*93

Closed.

11111894
*1876
( ( .......
*1878
*1875
*1878
1893
1893
$1892
$1892
1896
1895
*1875
*1875
11894
*1878
111898
***Dec. 22, 1906
tttl903
*i878
*1878
*1876
1895
*1876
Feb. 27, 1912
1894
M ay 2, 1895
1893
*1875

1876

*1877

1890
1915
1877

ttl894
*1877

R eport on S avings and L oan A ssociations

ERIE COUNTY — {Continued).

Organized.

1894
1890
1915
*1875
1875
1893
April 16,1883
1890
Nov. 15,1916
1916
*1880
Feb. 24', 1880
1880
April 14, 1908
April 9,1903
1903
1893
Sept. 6,1887
1890
Nov. 2,1914
1914
*1878
1878
1902
May 27,1890
1890
1894
Sept. 8,1886
1890
1891
1890
***Sept. 5, 1905
June 2,1891
189i
*1878
Buffalo...................................
1875
*1876
Mar. 13,1875
1875
*1878
1878
July 3,1891
1892
1894
April 3,1888
1890
1895
Buffalo................................... April 19,1887
1890
1894
Buffalo................................... Mar. 12,1890
1890
1891
1890
*1876
Feb. 19,1872
1875
1899
1887
1890
***1902
Aug. 12,1885
1890
*1892
Jan. 11,1888
1890
1893
1891
1885
ttl896
Jan. 26,1886
1890
***1902
April 16, 1889
1890
July 14, 1911
Dec. 9,1891
1892
*1879
April 1,1874
1875
*1879
Feb. 2,1878
1878
Mar. 16, 1895
1891
1892
*1875
1875
*1878
1877
*1878
1878
§11893
Sept. 7,1890
1890
*1875
1875
M ay 9,1890
1890
1894
Aug. 25,1888
1890
1899
Jan. 19,1891
1891
June 19, 1905
Buffalo................................... April 6,1891
1891
1892
Oct. 26,1886
1890
1891
Old Homestead Savings and Loan Association...................................................................... Buffalo...................................
1890
* 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, g. v.
1;t Name changed to Columbia Co-operative Savings and Loan Association, f t t Receiver appointed May 27, 1903.
J Name changed to German-American Dime Savings and Loan Association.
$$ Name changed to Standard Savings and Loan Association of Buffalo, N. Y.
j j t Formerly Lovejoy Savings and Loan Association.
§ Name changed to German Central Permanent Dime Mutual Loan and Savings Association.
§§ Con­
solidated with Plymouth Rock Savings and Aid Association.
If Absorbed by the Safety Investment and Loan Company, Syracuse.
I ff Name changed to
Acme Savings ana Loan Association on the 23d of December, 1898.
| Formerly German Central Dime Permanent Mutual Savings ana Loan Association.
|
III! Transferred to Fourth Ward Savings and Aid Association.

L ist of A ssociations




Sept. 10,1888
M ay 27,1915

fcO

c©

L ist

of

Sayings

and

L oan A ssociations —

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

(Continued).

Location.

Organized.

First
report
for year.

Closed.

P eckham Savings and L oan A sso ciatio n .............................................................................
People’s Dim e Savinas and Loan Association, N o. 2 ..............................................................
People's Permanent Dime Savinas and Loan Association .......................................................
P eople ’ s S avings and A id A ssociation .................................................................................
P eople ’ s S avings and A id A ssociation , N o . 2 ....................................................................
P er ry L oan and A ccumulating F und A sso ciatio n ..........................................................
P er ry Savings and A id A ssociation .......................................................................................
Phoenix Dime Savinas and Loan Association.....................................................................
P h oenix P ermanent L oan Asso ciatio n .................................................................................
P ioneer L oan and A ccumulating F und Asso c ia tio n ......................................................
Plymouth Permanent Savinas. Loan and Aid Association .......................................................
Plymouth Iloc-k Savings and Aid Association .............................................................................
Polish Co-operative Savings and Loan Association.................................................................

Aug. 13,1889
April 29,1890

P ratt
P ratt

April 5 ,1890
M ar.,
1889
M ar. 8 ,1877

B uffalo......................................

A id A ssociation ............................................................
A id Asso ciatio n , N o . 2 ...............................................
Prince Albert Permanent Savings and Loan Association .........................................................
P rospect H il l L oan and A ccumulating F und A ssociation .........................................
Provident Savings and Loan Association ......................................................................................
Queen City Permanent Dime Savings and Loan Association ...................................................
Q ueen C ity Savings and A id A sso ciatio n ...........................................................................
Richmond Avenue Permanent Dime Savings and Loan Association.......................................
Riverside Co-operative Savings and Loan A ssociation...........................................................
Riverside Savings Fund and Aid Association ..............................................................................
Rock Savings and Loan Association ..............................................................................................
Rose Permanent Savings and Loan Association ..........................................................................
S ain t F ra n cis A iding and A ccumulating So c ie t y ...........................................................
Savings and L oan Association , N o . 1, op B u ffa lo ..........................................................
Scajaquada Savings and Loan A ssociation...............................................................................
Schiller Park Savings and Loan A ss ocia tion ............................................................................
Second Ward Loan Association......................................................................................................
Security Savings and Loan Association o f Buffalo, N . Y ......................................................
S e n eca L oan and A ccumulating F und A ssociation ........................................................
and
and

C linton Savings
C linton Savings

B uffalo......................................

and
and

Feb. 24,1890
Oct. 28,1890
Mar.
April
N ov.
M ar.

Mar. 13,1871

Seneca Savings and Loan Association.........................................................................................
A id A sso ciatio n .....................................................................

Siberia Dime Savings and Loan Association.........................................................................
South Park Building L ot Association..........................................................................................

Springville Co-operative Savings and Loan Association........................................................
Standard Savings and Loan Association of Buffalo, N . Y.^f...............................................




6 ,1890
9 ,1895
19,1888
12,1888

Sept 21. 19i6
Sept. 4, 1917
Mar. 14,1889
Sept. 27,1912

Seventh Ward Permanent Savings and Aid Association.......................................................
and

28,1891
21,1879
18,1872
4 ,1890
27,1884
29,1909
29,1890

Feb. 12,1878
April 16,1888

Seneca Mutual Savings and Loan Association......................................................................
Seneca Permanent Dime Savings and Loan Association....................1................................
Seventh W ard Savings

Feb.
Mar.
M ay
Mar.
Mar.
Mar.
Jan.

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

M ay 3,1894
Aug.,
1890
Feb. 17,1914
Jan. 26,1889
Aug. 26,1873
Jan. 22,1891
M a y 8,1893
June 20,1894
Jan. 26,1886

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
1916
1917
1890
1912
1875
1894
1890
1914
1890
1875
1891
1894

llL

1892
1894
*1878
1893
*1875
*1875
*1877
*1879
1893
*1879
*1877
1894
tl8 9 4
*1892
*1875
*1878
1897
*1875
1892
1894
*1878
Feb. 25, 1914
1895
1893
' 1891
*1875
*1878
M a y 28,1 89 5
*i878
1895
1894
§1894
*1877
1894
Feb. 17, ld l2

R eport on S avings and L oan A ssociations

E R IE C O U N T Y — {Continued).

Peckham Dime Satinas and Loan Association ...........................................................................

Superior Permanent Savings and Loan Association..............................
Syc imore c n i Johnson Permanent Savings and Loan Association........
Sycamore and Johnson Savings and Loan A ssocia tion !!......................

Sycamore Savings and Loan Association................................................
S ycamore Street Savings

and

A id A ssociation ...............................

Terrace Savings and Loan Association...................................................
Third Ward Permanent Savings and Loan Association.........................
T hirteenth W ard L oan and A ccumulating F und A ssociation .
T huringia Savings and A id A ssociation ............................................
T onawanda A id and Savings A ssociation ..........................................

Tonawanda Enterprise Aid and Savings Association............................

Twelfth Word Savings and Aid Association..........................................
U nion L oan and A ccumulating F und A ssociation .........................
Union Savings and Aid Association.......................................................
U nion Savings

and

M utu al B en efit A ssociation ...........................

W estern Loan and A ccumulating F und A ssociation ...................
W estern Savings and A id A ssociation ...............................................
WESTrnALiA, N o. 2, Loan and A ccumulating F und A ssociation

West Seneca Co-operative Savings and Loan Association.......................
West Side Savings and Loan Association...............................................
West Utica Street Loan and Savings Association...................................

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

Mar. 2 i, 1872
May 4,1904
Dec.,
1889
Mar. 27,1887
Oct. 2,1882
July 9,1889
Oct. 13,1879
Aug. 12,1913
Aug. 6,1888
Aug. 16,1869

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

May 17,3875
Feb. 10, 1899

1899

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

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

1889
1891
1891

Oct. 13, 1908
$Sept., 1891
1902

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

April 15,1879
April 15,1879

1879
1879

tttl901

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

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

William and Sherman M utual Savings and Loan Association.............

William Street Dime Savings and Loan Association..............................

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

William Street Permanent Savings and Loan Association....................
Williamsville Savings and Loan Association............................................

Winslow Permanent Savings and Loan Association..............................
W orkingman Savings and A id A sso ciatio n .......................................
W orkingmen ’ s S avings and A id A ssociation .....................................
W orkingmen ’ s Savings and L oan F und A ssociation ......................
F R A N K L IN C O U N TY.
Saranac Lake Co-operative Savings and Loan Association..................
F U L T O N C O U N TY.

Gloversville Building and Loan Association............................................
Gloversville Homestead Building and Loan Association.........................
People’s Savings and Loan Association..................................................
G E N E SE E C O U N TY.

Genesee County Permanent Loan and Building Association..................
Genesee County Loan A ssocia tion tt.......................... ..............................

1892
**1892
April 29, 1895
*1875
1892
1896
*1876
*1878
*1889
1894
1894
*1876
Aug. 20, 1895
*1875
1893
1895
II
*1870
*1875
*1878
Sept. 26, 1905
1893
1893
1894
1893
*1875
*1878
*1879

G R E E N E C O U N TY.

b
Building and Loan Association o f CatskiU b ..........................................
Catskill.................................. Feb.,
1889
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.
f Business taken by the Free­
hold Savings and Loan Association in October.
f t Formerly Sycamore and Johnson Permanent Savings and Loan Association, q. v.
t t t Name changed to
Genesee County Loan Association.
t All members not withdrawn were transferred to the Commercial Union Co-operative Bank, Albany.
t t Formerly
Genesee County Permanent Loan and Building Association, g. v.
§ Consolidated with Masten and Easton Permanent Savings and Aid Association.
IT For­
merly Mulberry Permanent Savings and Loan Association, No. 3, q. v.
1 Never completed incorporation.
1
a Formerly Building and Loan Association of Catskill.
Name changed to Catskill Savings and Loan Association, April 1, 1911.




L ist of A ssociations

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

April 15,1899
June 19,1888
June 19,1888
Oct. 18,1886

1890
1890
1892
1890
1875
1890
1890
1875
1875
1889
1889
1890
1876
1890
1875
1890
1890
1
!
1876
1875
1875
1904
1890
1890
1890
1890
1879
1913
1890
1875
1877
1875

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

09

L ist

of

Sayings

and

NAMES OF ASSOCIATIONS.




Location.

fc©

Organized.

First
report
for year.

Closed.

Dolgeville.
F rankfort..
H erkim er..
Ilion..........
Little Falls

Oct.
Dec.
July
Oct.
July

13,1891
12,1911
1,1898
3,1888
11,1913

1892
1911
1898
1890
1913

C arthage..
C layton ...
Watertown
Watertown,

M arch, 1889
April 21,1900
D ec. 19,1887

1890
1890
1900
1888

1902
1901

Sept. 25,1893
April 25,1894
M ay 14,1888
April 25,1894

1893
1894
1888
1894

JM ay 31, 1894

Jan.
1888
June 16,1893
N ov. 16,1885
M ar. 2,1887

1888
1885
1887

"d

Jan. 16,1883
July 27,1888
N ov. 18,1889
M ay 3,1888
June 30,1891
April 26,1885

1883
1889
1890
1888
1891
1885

| 1896
|
1893

Sept. 20,1892

1892

h

M ay 10,1899
June 4,1888
June 26,1894
Dec. 19,1889
Deo. 19, 1889
Feb. 21,1889
July 19,1889
July 22,1895
June 10,1897
Oct, 2,1888
Sept. 8,1886
Jan. 17,1888
Aug. 18,1904
M ay 27.1889

1899
1890
1894
1890
1890
1890
1890
1895

1902

B rooklyn...
B rooklyn...
B rooklyn...
B rooklyn...
B rooklyn...
B rooklyn...
B rooklyn...
B rooklyn...
B rooklyn...
B rooklyn...
B rooklyn...
B rooklyn...
Bath Beach,
B rooklyn...
B rooklyn ...
B rooklyn...
B rooklyn...
B rooklyn...
B rooklyn...
B rooklyn...
B rooklyn...
B rooklyn...
B rooklyn...
B rooklyn ...
B rooklyn...
B rooklyn...
B rooklyn...
B rooklyn ...
B rooklyn...
B rooklyn...
B rooklyn...
B rooklyn...
B rooklyn...
B rooklyn ...

§

1890
1888
1890
1904
1889

t«1 9 0 0

July 13,1911

1894

**1897
m
m
Oct. 4,1906
1897

Sept. 2,1911

R eport o f S avings and L oan A ssociations

H ERK IM ER COUNTY.
Dolgeville Savings, Building and Loan Association.............
Frankfort Savings and Loan Association...........................
Herkimer Co-operative Savings and Loan A ssociation.. .
Ilion Permanent Savings, Building and Loan Association
little Falls Building, Savings and Loan Association........
JEFFERSON COUNTY.
Carthage Savings, Loan and Building Association............
Security Building, Loan and Savings Association...............
Watertown Homestead Investment Company.........................
Watertown Savings, Loan and Building Association........
KINGS COUNTY.
Afro-American Investment and Building C om pan j/ftttt..................................
Atlantic Building and Loan Association o f Brooklyn^......................................
Atlantic Co-operative Savings and Loan Association..........................................
Atlantic Co-operative Savings and Loan Association*** l ..................................
Atlantic Savings and Loan Association k .........................................................
Bay Ridge Savings and Loan Association a .....................................................
Bedford Co-operative Building-Loan Association............................................
Bennett Homestead Association...........................................................................
Brooklyn and New York Arcanum Building, Loan and Savings Association
Brooklyn City Co-operative Building and Loan Association d ...........................
Brooklyn C ity Savings and Loan Association c...............................................
Brooklyn Mutual Building and Loan Association...........................................
Bushwick Co-operative Building and Loan Association.................................
Citizens’ Co-operative Building and Loan Association o f Bath Beach, N . Y ...
Crescent Building and Loan Association............................................................
Eagle Savings and Loan Comjiany^r.................................................................
East Brooklyn Co-operative Building Association f ...........................................
East Brookhrn’Savings and Loan Association e ...............................................
East New York Co-operative Savings and Building-Loan Association h ..........
East New Y ork Savings and Loan Association g .............................................
Empire State Co-operative Savings and Loan Association^^...........................
Equitable Co-operative Building and Loan Association.................................
Excelsior Co-operative Savings and Loan Association........................................
Fifth Avenue Co-operative Building and Loan Association m ...........................
Fifth Avenue Savings and Loan Association....................................................
Flatbush Co-operative Savings and Loan Association....................................
Fort Greene Co-operative Building and Loan Association.............................
Fortuna Building, Co-operative Savings and Loan Association.........................
Franklin Co-operative Savings and Loan Association........................................
Fulton Co-cperative Building and Loan Association......................................
German Building and Saving Company of Brooklyn, N . Y ...........................
Germania Building, Saving and Loan Institution............................................
Greenpoint Polish Co-operative Savings and Loan A ssoa'otionttttt...............
Hamilton Co-operative Building and Loan Association n ...................................

09

L oan Associations — (Continued)

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

Dec. 12,1888
Sept. 1,1887
Jan. 21,1888
Jan. 10,1888
Sept. 11,1913
Mar. 28,1888
July,
1888

30,1895
2,1884
17,1900
19,1890
11,1886

1889
1888
1890
1888
1913
1890
1889
1890
1896
1890
1890
1901
1893
1890
1890
1889
1896
1885
1900
1890
1888

July 29,1897
Mar. 28,1887
Mar. 27,1895
April 14j 1890
M ay 18,1896
April 8,1905

1897
1890
1895
1890
1896
1905

Jan.,
1882
O ct.,
1889
June,
1889
Aug. 26,1901
M ay 13,1893
April 25,1889
Oct. 16,1890
July
July
Oct.
M ay
M ay

Mar. 6, 1909
1893
1901
Feb. 2,1906
N ov. 6,1911
*1890
1899
Sept. 7,1894
1902
m w oi
1.898
1891
tttS ept. 2,1910
/
June 24,1909
b
Oct. 24,1904
Aug. 19, 1909

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

Sept. 4,-1889

1890

1893

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

Jan. 16,1888

1888

t$1897

Feb. 9,1889
M ay 16j 1887

1889
1887

Rochester.............................. Oct. 9,1890
1903
1890
*1876
A llemania Savings , A id an d L oan A ssociation ........................................................
1875
Rochester.............................. M ay,
1902
American Homestead Saving and Loan Association§§ ..................................................
1888
1896
* 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.
f Successor to Atlantic Co-operative Savings and Loan Association.
f t Reincorporated July 9, 1895.
t t 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 dosed by Superintendent of
Banks.
| Succeeded by Atlantic Building and Loan Association, q. v.
Jt Receiver appointed January 20, 1897.
t t t Receiver appointed.
§ Did not
do any business.
§§ Formerly Goodman Street Dime Savings and Loan Association, q. v.
f Removed from Buffalo in 1897.
I ff Name changed to Provi­
dent Savings-Loan Investment Company.
| Merged in the Franklin Society for Home-building and Savings, of New York C ity.
|
a Formerly Town of New
Utrecht Co-operative Building and Loan Association.
b Name changed to Bay Ridge Savings and Loan Association, Feb. 15, 1911.
c Formerly Brooklyn
C ity Co-operative Building and Loan Association.
d Name changed to Brooklyn C ity Savings and Loan Association Jan. 1,1911.
e Formerly East Brooklyn
Co-operative Building Association.
/N am e changed to East Brooklyn Savings and Loan Association Feb. 1, 1911.
g Formerly East New York Co-operative
Savings and Building-Loan Association.
h Name changed to East New York Savings and Loan Association Feb. 21, 1911.
* Formerly South Brooklyn
Co-operative Building and Loan Association..... /N am e changed to South Brooklyn Savings and Loan Association, March 15, 1911.
JbFormerly 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.
n Name changed to Hamilton Savings and Loan Association January 1,1915.




L ist of A ssociations

Homestead Co-operative Building and Loan Association..............................................
Industrial Co-operative Building and Loan Association...............................................
John H . Shulls Co-operative Building and Loan Association.......................................
Kings County Co-operative Building and Loan Association........................................
Kings County Savings and Loan Association.............................................................
Long Island Building and Loan Association.................................................................
Madison Co-operative Building and Loan Association..............................................
tO Mechanics' Co-operative Bank.......................................................................................
Mercantile Association o f B rook lyn ^ ..........................................................................
M odel Building and Loan Association of Brooklyn, N . Y .........................................
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 Beal Estate ron tin etttt.................................................................................
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 o f 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.............................
WiUiamsburgh Co-operative Savings and Loan Assocwilwmttttt................................
LEW IS COUNTY.
Lowville Savings and Loan Association.........................................................................
LIVINGSTON COUNTY.
DansviUe Savings and Loan Association.......................................................................
MADISON COUNTY.
Canastota Savings and Loan Association....................................................................
Oneida Saving, Building and Loan Association.......................... ...............................
MONROE COUNTY.
Alliance Loan Association..............................................................................................

©3
03

L ist

of

Sayings

and

05

L oan Associations — { Continued) .

NAM ES OF ASSOCIATIONS.

Location.

Organised.

M ar. 9,1891
D ec.,
1889
Jan. 18,1888
Sept. 3,1887
Oct. 20,1871

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

Jan. 9,1891
M ay 12,1871
June 3,1885
M ay 17,1889
Sept.,
1889
June 17,1908
Oct. ll 1886
June 25,1890
M ay 18,1891
April,
1885
Sept. 26,1889
Jan.,
1872

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

Jan. 25,1888
Jan. 25,1888
M ay 27,1891
Oct. 4,1889
Jan. 12,1895
M ar. 2j 1891
Oct. 13,1894

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

*1875
1898
1898
1891
April 25,1910
1901
*1875
1891
July 1,1892
*1875
Jan. 29,1914
1902
*1875
1894
1898
' *1876
1903
*1876
1898
1894
1897
*1875
*1900
1893
*1877
Dec. 4, 1905
April 12,1907
*1875
*1875
fl893
1895
§1891
1894
M ar. 6,1909
1898
N ov. 21,1892

§
o
B
C
3

S avings and L oan A ssociations

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

C itizens ' B uilding L ot A ssociation .......................................................................................




Closed.
w

MONROE COUNTY — (Continued).

Equil y Co-operative Savings and Loan Association..........................................................

First
report
for year.

§1899
1890
1890
1895
1891
1894
1890
Jan. 22,1907
1890
*1876
1875
*1877
1875
*1875
1875
M ay 29,1872
Dec. 30,1904
1891
Jan.,
1888
*1875
1875
1900
1890
M ay 4 ,i8 8 7
|Jan. 4,1892
|
1888
April 3,1888
*1875
1875
M ay 23,1873
*1895
1890
1888
1901
1890
Aug. 20,1887
1902
1891
M ar. 27,1891
1890
Sept. 17,1887
§ io o i
1891
M ar. 5,1891
Aug., 1893
1891
Aug.,
1891
*1891
1891
Aug. 20,1891
1891
1890
1892
1886
1890
1902
M ay 24,1885
1890
*1875
1875
M ar. 14,1871
*1875
1875
1896
M ar. i , i887
1890
H1896
M ay,
1888
1890
1902
1890
N ov. 14,1889
1894
1890
' 1889
1900
Hawthorne Terrace Association..............................................................................................
1890
Sept. 4,1888
July 10,1893
1891
1891
1896
1890
Hayward Homestead Tract Association.................................................................................
M ay 20,1889
N ov. 4,1904
Oct. 25,1882
1890
1891
Highland Terrace Association................................................................................................
1891
1891
§1899
Jan. 1,1886
1890
Home Banking and Loan Association....................................................................................
1910
M ar. 30,1910
1890
Oct. 13,1881
1.896
1891
Oct. 29,1891
N ov. 2| 1885
1890
*'
*i.875
H umboldt S avings , A id an d L o an A ssociation ..................................................................
M ay Si 1871
1875
*1875
I ndependent B uilding L ot A ssociation ...............................................................................
1875
1892
Industrial Loan Association....................................................................................................
1891
Oct. 9,1890
1900
1890
M ay 16,1890
*1875
J a y Stre et and P ool F arm B uilding L ot A ssociation ...................................................
1875
*1876
J a y Stre et B uilding , A id and L oan A ssociation ..............................................................
1875
1893
Jennings Park Homestead Association..................................................................................
July 21,1890
1891
1893
Kellogg Homestead Association...............................................................................................
1891
1891
1901
Lake Avenue Permanent Savings and Loan Association....................................................... Rochester.............................. Feb. 5,1889
1890
* The last report received was for that year.
t Name changed to Empire Permanent Savings and Loan Association.
t Formerly Empire Permanent
Loan Association, q. «.
| W ent into hands o f receiver.
^ Name changed to American Homestead Savings and Loan Association.
| Name changed to
|
Mutual Benefit Savings and Loan Association.

L ist of A ssociations




June 9,1888
M ay 7,1888
Feb. 24,1891
M ay 21,1889
Sept. 23,1886
Sept. 7,1871

L ist

of

Sayings

and

NAMES OF ASSOCIATIONS.

L oan Asso c ia t io n ....................................................

and

A id A ssociation ..................................................

N orth Stre et C en tral Savings , A id

an d

L oan A ssociation ......................

North-western Homestead Association....................................................................
O ntario Savings , A id and L oan A sso c ia tio n ...................................................
O ntario S tre et Savings and A id A sso ciatio n ................................................

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




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

N ov. 12,1887
M ay 11,1871
Feb. 18,1884
April 17,1888
April 9,1888
Feb. 26,1872
Jan. 2,1889
Aug. 18,1890
July 23,1889
Feb. 24,1886
M ar. 4,1890
Dec. 4,1889
Mar. 11,1886
June 23,1871
Jan. 2,1883
July 1,1890
1883
June 20,1871
N ov. 9,1889

June 10,1891
July 19,1887
N ov. 26,1890

M ay 1,11872
Mar. 16,1888
Oct. 8,1885

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

1897
1903
1899
Mar. 9,1900
M ar. 15,1909
1902
$$1899
1897
*1892
1897
*1875
*1877
1892
Jan. 11,1905
1902
*1875
Mar. 13,1905
*1875
M ay 3,1910
1903
Jan. 5,1906
*1877
$1894
1903
Sept. 29,1904
June 22,1911
1896
1897
1902
*1875
Dec. 13,1907
N ov. 24,1908
Jan. 2,1905
*1875
Mar. 14,1894
*1876
*1875
April 10,1908
Jan. 23,1909

A s s o c ia t io n s

N orth C linton Savings

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

M ay 19,1890
M ar. 13,1890
Jan. 19,1888
Feb. 19,1889
July 5,1889
July 19,1887
June 18,1883
N ov. 5,1890
May 15,1889
N ov. 16,1891
M ay 20,1872

Closed.

L oan

M utual L oan Asso c ia tio n .......................................................................................

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

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

First
report
for year.

an d

and

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

Organized.

S a v in g s

M onbob C o- opekative B uilding L ot A ssociation ...........................................

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

Location.

on

M aplewood and L a k e A venue C o- operative B uilding L o r A ssociation ,
M echanics ’ M utual B en efit So c ie t y ............ .....................................................

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

OS

R eport

MONROE COUNTY — (Contintied).
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 Association......................................
LyeU Avenue Savings and Loan Association.........................................................
M cKee Place Land Association.............................................................................
M ain Savings and Loan Association**.................................................................
M aple Street Land Association...............................................................................

M onroe Savings , A id

09

L oan Associations — ( Continued).

1890
Feb. 7,1906
1890
1891
1898
1890
1892
1890
1875
*1876
R epu blic A id an d L oan A ssociation .....................................................................................
1892
1.892
1893
Rochester and Kenmore Land Company................................................................................
1875
M ay 9,1871
R ochester C en tral A id and L oan Association ................................................................
*1875
1892
M ay 20,1886
Rochester Dime Savings and Loan Association.....................................................................
1896
1890
April 30,1884
Rochester Equity Deposit and Loan Association............................................................... , .
N ov. 11,1905
1878
R ochester F low er C ity Savings and A id A ssociation ..................................................
*1881
1877
R ochester G erman S harpshooters ’ C o- operative B uilding L ot A ssociation ___
*1877
1879
R ochester G erman Shooting P a r k C o- operative B uilding L ot A ssociation ........
*1879
1892
1882
D ec. 17,1913
Rochester Permanent Savings Association.............................................................................
1875
April 4,1871
*1875
R ochester Sav in gs , A id and L oan A ssociation .................................................................
1877
Jan. 23,1877
R ochester Savings and L oan A ssociation ..........................................................................
*1877
1894
Feb. 26,1914
Rochester Saving and Loan Association^ ..............................................................................
[
1875
N ov. l| 1872
*1875
R ochester S hooters ’ C o- operative B uilding L ot A ssociation ..................................
1876
N ov. 23i 1872
*1876
R ochester S hooting P a r k C o- operative L ot A ssociation ............................................
1875
April 1,1874
*1875
R ochester S hooting P a r k So c ie t y ........................................................................................
1890
Saint Joseph Street Lot Association............................... .......................................................
1893
1890
Aug. 25,1.886
Saint Joseph Street Permanent Savings and Loan Association............................................
**1895
1892
M ay 17,1881
Security Loan Association.....................................................................................................
1893
April 1,1893
Sehm Tract Building Lot Association....................................................................................
1898
1890
April,
1886
1894
Sixth Ward Permanent Savings and Loan Association........................................................
1890
1902
Sept. 16,1886
South End Savings and Loan Association.............................................................................
1890
D ec. 2,1889
1901
South Park Homestead Tract Association.............................................................................
1890
Jan. 1, 1887
1892
Standard Loan Association.....................................................................................................
1891
Mar. 17; 1891
1894
State Building and Loan Association....................................................................................
1875
Aug. 14,1874
*1875
Strasbourg B uilding A ssociation ..........................................................................................
1875
*1876
Strassburger Savings and A id A ssociation .......................................................................
1891
1894
Aug. 11,1891.
Streb Lot Association..............................................................................................................
1890
D ec. 22, 1905
June 16,1887
Tenth Ward Dime Permanent Savings and Loan Association.............................................
1890
111896
Teutonia Permanent Savings and Loan Association............................................................
1875
*1875
T eutonia Savings , A id and L oan A ssociation ...................................................................
1890
June 5, 1906
July 13,1886
Third Ward Permanent Savings and Loan Association.......................................................
1890
1891
Thirteenth Ward Permanent Loan Association.....................................................................
1875
*1876
Jan. 7, i.872
T welfth W ard Savings an d L oan A ssociation .................................................................
1896
Twentieth Ward Co-operative Savings and Loan Association..........................................
Feb. 11,1896
1890
April 1, 1909
Aug. 2,1887
Union Dime Permanent Loan A ssociolton fft...................................................... ...............
1890
M ay 18,1886
Union Permanent Savings and Loan Association...............................................................
1875
*1878
Sept. 5,1871
Union S avings and A id A sso ciatio n ......................................................................................
1890
United Permanent Savings and Loan Association..............................................................
Aug. 3,1886
1890
Wadsworth Dime Banking, Aid and Loan Association......................................................
Oct. 12,1887
1890
1902
Wakelee Farm Dime Banking and Loan Association............................................................ Rochester.............................. Oct. 13,1886
* The last report received was for that year.
** Purchased by Rochester Savings and Loan Association.
f Formerly Fourth Ward Permanent Savings
and Loan Association, q. v.
f t Receiver appointed March 7, 1903.
f f t Taken possession of and closed by Superintendent of Banks.
t Name changed to
Rochester Savings and Loan Association by chap. 441, L. 1894.
t t Name changed to Knickerbocker Building Loan Company.
H Formerly National Savings
and Loan Association, q. v.
| Receiver appointed.
|
Phanix Savings and Loan Association.................................................................................
Pinnacle Avenue Savings and Loan Association.................................................................
Plymouth Avenue Savings and Loan Association.................................................................
Polonia Savings and Loan Association.................................................................................
Profit Loan Association.........................................................................................................

19,1883
24,1890
1,1891
27', 1890
24| 1886

L ist of A ssociations




M ay
Feb.
Jan.
Jan.
May

09
<^r

L ist

of

Savings

and

NAM OF ASSOCIATIONS.
ES

Location.

MONROE COUNTY — (Concluded.).
Warner Street Building Lot Association.................................................................
W ashington A id

and

L oan A ssociation ...............................................................

Washington Permanent Loan and Aid Association...............................................
Webster Avenue Homestead Lot Association...........................................................
W est A venue B uilding L ot Asso ciatio n .............................................................

and

A id Asso c ia tio n ...........................................................

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

A storia C o -operative B uilding A ssociation .....................................................

Bank Clerks’ Co-operative Building and Loan Association of New York City.
Bankers’ Loan and Investment Company...........................................................
Bellport Mutual Loan Association o f New York....................................................
Birkbeck Investment Savings and Loan Company o f A w en 'cotttt.......................
Breslau Building and Loan Association.................................................................
Breads ay Dry Goods Company Co-operative Building and Loan Association. ..
California Perfume Co. Employees’ Savings and Loan Association................
C entral C o-operative B uilding

and

L oan A ssociation ...............................

Central Park Co-operative' Savings and Loan Association.....................................
Century Savings and Loan Company......................................................................
Chatterton Hitt Building Lot Association...............................................................
Chosen Friends' Home Loan and Savings League..................................................
C itizens ’ M utual L oan

and

A ccumulating F und A ssociation ...................

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




First
report
for year.

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

Feb. 28,1872
M ay 11,1886
M ay 2,1890
April,
1873
N ov. 10,1890
M ar. 18,1889

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

Oct. 11,1887
M ay 20,1875
Mar. 9,1883
April 30,1890
M ay,
1890
April 3,1886

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

N ov. 19,1889
Oct. 28,1891
N ov. 29,1889
M ar. 2,1888
N ov. 8,1890
N ov. 7,1889
M ay 24,1870
M ar. 26,1890

1888
1890
1890
1875
1890
1890
1891
1892
1891
1888
1915
1888
1895
1891
1899
1890
1875
1890
1892
1895

Closed.

1893
*1875
D ec. 28, 1905
1896
*1875
1898
Sept. 16, 1907

1S90
1891
1889

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..................................................
NEW YO RK COUNTY.
American Co-operative Savings and Loan A ssociationf.....................................
Anglo-American Savings and Loan Association....................................................
Assured Building-Loan Association........................................................................

Organized.

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

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

July,
1891
Feb. 18,1892
M ay 23,1891
Sept. 12,1888
M ar. 4, 1915
June 20,1888
Aug. 13,1895
D ec.,
1891
Jan. 27,1899
Oct. 1,1890

New Y o rk .............................
New Y ork.............................

July 19,1889
M ar.,
1892
Feb. 8,1885

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

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

itl9 0 0
1111111900
*1875
1893
Deo. 27,1912
1892
Mar. 14,1917
*1888
1900
1892
W t l9 0 1
TO 1901
*1875
tti8 9 4
1898

w
H
hj
O

B

§
Savings and L oan A ssociations

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

09

QO

L oan Associations — (Continued),

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.....................................
C o- operative R eal E state A ssociation ..........................................................

Co-operative Savings and Loan Association of New Y o rk ftt.......................
Cosmopolitan Co-operative Building and Loan Association..............................
D aily N ew s B uilding

and

L oan A ssociation ................................................

F irst
F irst
F irst
F irst

C o-operative L and and B uilding So c ie t y .........................................
N ational B uilding and M utual L oan A ssociation ........................
U nion C o- operative B uilding A ssociation , Section 2 ..................
U nion C o- operative L and and B uilding So c ie t y .........................

June i l , 1890
Oct. 7,1903
M ar. 8) 1882
June 4,1888
April 26,1888
April 26,1888
April 26,1888
Feb. 9,1891
Feb. 15,1888
April 30,1909
Mar. 23,1891
April 20, 1894
April 6,1891
Sept. 8,1888
M ay,
1891
A pnl,
1891
April 3,1901
June 19,1888
Oct. 14,1902
July li 1888
June 12,1889

1892
1891
1890
1890
1882
1888
1890
1888
1889
1894
1891
1888
1909
1891
1894
1891
1890
1891
1893
1901
1890
1902
1889
1899
1879
1875
1879
1875

££1902
1893
1891
£1903
1884
1891
§1889
flS 9 4
ttl89 6
1892
£$1902
Aug. 17, 1911
££1896
1893
1892
1892
1900
N ov. 22,1908
Jan. 30, 1912
N ov. 20, 1908
Jan. 29, 1906
*1879
*1875
*1881
*1881
Feb. 16, 1906
1892
£1894

1868
Feb. 2,1905
Flushing Heights Co-operative Savings and Loan Association*a.......................
June 29,1886
1890
Fordham Co-operative Building and Loan Association......................................
Jan. 12,1894
Franklin Mutual Building and Loan Association of New York.......................
April 26,1888
1896
Franklin Society for Home Building and SavingsTff......................................
*1890
July 5,1888
1888
Fraternity Co-operative Building and Loan Association....................................
1889
German-American Building and Loan Association of the C ity of New York
Oct. 15i 1889
Greenwich Building and Loan Association......................................................
1890
££Nov. 1905
April 21,1894
1895
Guardian Savings and Loan Company...............................................................
£1892
Mar. 25,1892
1892
Hand in Hand Mutual Building and Loan Association....................................
M ar. 13, 1909
1894
N ov.,
1888
Harbor and Suburban Building and Savings AssociaJiontttt***....................
££Feb. 9,1904
1887
Harlem Co-operative Building and Loan Association........................................
New Y ork............................. Mar. 21,1887
* The last report received was for that year.
** Formerly Daily News Building, Savings and Loan Association, q. v.
*** Began proceedings in 1894 to
change name to Round Robin Savings ana 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 f 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.
IT Name changed to Daily News Savings and Building Loan Association.
Tflf Formerly D aily News Savings and Building-Loan Association, q. «.
f 1 f Name
T
changed to United Savings-Loan Society.
| Formerly Daily News Building and Loan Association,q. v.
|
|| Successor to United States Bond Company of New
||
York, q. v.
||| Merged in the Franklin Society for Home Building and Savings.
||l
1Tl1f1[*Receiver appointed M ay 18, 1901.
IflTIFt Charter forfeited by
non-user.
Formerly Sun and Evening Sun Building, Mutual Loan and Accumulating Fund Association, q. v.
*a Dropped from official list.
**a Assets sold to Serial Building, Loan and Savings Institution.




L ist of A ssociations

Daily News Building, Savings and Loan Assoctotion[|....................................
Daily News Savings and Building-Loan Association**....................................
Eagle Building, Mutual Loan and Accumulating Fund Association................
East Side Co-operative Building and Loan Association....................................
Edgchill Co-operative Savings and Loan Association.....................................
Electric Building, Loan and Savings Association**a........................................
Empire Loan and Investment Company.............................................................
Equitable Building and Loan Association] | |
| .....................................................
Equitable Permanent Co-operative Building and Loan Association..................
Equitable Savings and Investment Association...................................................
Equitable Savings Societylflffllf*........................................................................
European Liberty Building, Co-operative Savings and Loan Association.........
Excelsior Building and Loan Assoc£ation*1fl<
]ff* tt t t .....................................
Fairview Heights Building and Lot Association.................................................
Federal Co-operative Building and Loan Association........................................
First Bohemian-Slavonic Co-operative Savings and Loan Association..........

June 7,1892
Feb. 10,1891

C
O

CO

L ist or Sayings

and

NAMES OF ASSOCIATIONS.

Location.

Organized.

First
report
for year.

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

April 15,1891
M ay 28,1888
1890
Jan. 30,1894
M ay 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

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

April 16,1903
April 10,1890
April 27,1882
Aug.,
1887
D ec. 1,1893
June 10,1913
April 3,1890
Oct. 9,1889

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

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

Feb. 22j 1888
Dec. 31, 1888
M ar. 14', 1888
Mar. 5,1888
April 3,1890
Sept.,
1889
Sept. 17,1890
April 19,1888
Sept. 6,1894
M ay 23,1906
Aug. 13,1900
Mar. 29,1888
Jan.,

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

1890

Feb. 24, i888

1894
1892
1887
1893
1913
1890
1889
1888
1888
1889
1888
1888
1895
1890
1890
1888
L
IU
1906
1889
1888
1890
1890
1888

Closed.

M ar. 9,1907
*1891
1903
**cl898
June 2,1913
$1899
June 29,1912
1892
*61903
Oct. 3, 1908
*<*1895
**<*1893
****01894
1899
M ay 20,1911
*11*1903
$$1898
N ov. 23, 1905
**§*
§1901
$1893
§1899
II
fl8 9 4
§1902
N ov. 30, 1906
*1900
$$1891
§§1892
July 12, 1912
July 13, 1911
*H*1900
"*****oi909
1903
1891

R eport on S avings and L oan A ssociations

. NEW YO RK 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 Com pa»i/***ct1'tt.......................................................
International Loan and Savings Society.....................................................................
Investors’ Savings and Loan Company****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 o f the City o f New York
Knickerbocker Savings and Loan Company*cf\f\....................................................
Kupeler Share Co-operative Savings and Loan Association......................................
Lenox Building Loan Company..................................................................................
Manhattan and Suburban Savings and Loan Institution..........................................
Manhattan Mutual Co-operative Savings and Loan Associationt .............................
Manhattan Real Estate and Loan Company o f New York........................................
Manhattan Savings and Loan Association...............................................................
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.................................................................
Mount Morris Co-operative Building and Loan Association.................................
Murray H ill Co-operative Building and Loan Association**....................................
Mutual Realty and Loan Corporationf t .....................................................................
Mutual Savings and Distribution Fund Association.................................................
National Homestead Company....................................................................................
National Mutual Building and Loan Association o f New York...............................
New Century Co-operative Savings and Loan Association.........................................
Newmark Dwinsker Co-operative Savings and Loan Associoiw m tttt......................
New York and BeUport 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.......................................................
Nets York City Co-operative Savings and Loan Association.....................................
New York Co-operative Building and Loan Association........................................




o

L oan Associations — ( Continued) ,

N ew Y ork C o- operative B uilding L ot A ssociation .............................................

New
New
New
New
New

York Edison Savings and Loan Association, The............................................
York Mortgage Company o f New York...............................................................
York Mutual Savings and Loan Association......................................................
York National B uilding and Loan Association..................................................
York State Mortgage Bank and Savings Association..........................................

N e w Y ork T ontine So c ie t y ...........................................................................................

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

1868
M ay 9,1912
M ar.,
1892
June 26,1890
Jan. 13,1890
Sept. 28,1891
1884
Oct. 2,1886
M ar. 18,1902
April 11,1891
Sept. 12,1889
Oct. 18,1893
June 6,1900
June 27,1899

1875
1912
1893
1890
1890
1891
1884
1890
1902
1891
1890
1893
1900
1899

April 4,1892
July 10,1888
July 2,1884
Feb. 16,1894
Mar. 12,1903
Oct. 25| 1886
July 2,1888

1892
1890
1885
1894
1903
1890
1888

*1876
Feb. 23. 1906
Feb. 12, 1907
§1899
Feb. 10,1912
*1884
§1902
July 15, 1909
1892
*1910
Sept. 7,1906
1902
N ov. 26, 1909
!!**1 9 0 1
April 18,1904
1903
!S ep t. 2, 1910
!!1 8 9 6
M ch. 29,1912

!!* *
1895
tttl8 9 8
1899
J «M a r. 9,1906
1899
M ch. 8, 1913
1892
1890
*1892
New Y ork.............................
1891
§1900
1893
New Y ork.............................
1896
New Y ork.............................
1895
!!!1 8 9 9
New Y ork.............................
1894
1914
1889
1889
*1882
S econd N ational B uilding and M utual L oan A ssociation ................................
1875
*1876
S econd U nion C o- o perative L and and B uilding Society .....................................
1875
New Y ork.............................
1.867
♦The last report received was for that year.
** Reincorporated February 17, 1897.
*** Removed from Rochester in 1897.
t Reincorporated M ay 3,
1895.
f t 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 Super­
intendent of Banks.
$ Did not report for the years 1893 and 1894; name changed to Mutual Realty and Loan Corporation in 1895.
Dissolved by action
because of fraudulent and illegal practices.
t t t Formerly Mercantile Association of Brooklyn, a.
removed from Kings county in 1899; merged with Knicker­
bocker Savings and Loan Company, 1906.
§ Receiver appointed.
§§ Absorbed by Granite State Provident Association, Manchester, N. H.
§§§ Formerly
M ethodist Book Concern Employees’ Co-operative Building and Loan Association, q. v.
! In hands of receiver.
! ! Name changed to Investors’ Savings and
Loan Company.
! ! ! Receiver appointed October 23, 1899.
| Name changed to the Prudential Savings and Loan Association of New Y ork, N . Y .
j
|| Never
||
completed incorporation.
||| Formerly Teachers’ Equitable Budding-Loan Association, q. v.
|||
*a Merged in the Produce Exchange Building and Loan Associ­
ation.
**a Name changed to Keystone Savings and Loan Association.
***a Formerly Keystone National Savings, Loan and Investment Association, q. v.
****a Name changed to Lenox Building-Loan Company.
*****a Name changed to Co-operative Savings and Loan Association o f New York.
*b Receiver
appointed August 29, 1903.
*c Formerly Knickerbocker Building-Loan Company, Rochester, changed from Lyell Avenue Savings and Loan Association, q.
removed to New Y ork city in 1905.
**c 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.
* !* Did not commence business. **§* Merged in the Franklin Society for Home Building and
Savings, August 19, 1901.
! ! * * Charter abandoned.
! ! ! * * * Removed from Kings county in 1902.
aa Receiver appointed September 12, 1903.
bb Receiver appointed April 15,1903.




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

Feb. 20,1895
Jan.,
1882
June 1,1888
July 23,1891
M ar. 5i 1890
Feb. 2; 1891
Feb. 20,1890
M ar. 19,1895
Jan. 11,1894
N ov. 10,1914
Sept. 18,' 1888
Oct. 23,1887

L ist of A ssociations

New York World Co-operative Building and Loan Association..................................
Nineteenth Ward Co-operative Savings and Loan A ssoctolionfftt.............................
Nonpareil Savings and Loan Association....................................................................
Northern Building, Savings and Loan Association.....................................................
Novy Tabor Building and Mutual Loan Corporation.................................................
Ocean Avenue Lot A ssocia tion !!!***.........................................................................
Ocean Breeze Building Lot Association........................................................................
Our Own Home Association..........................................................................................
Park Building and Loan Association..........................................................................
People's Co-operative Building and Loan Association bb............................................
People’s Real Estate Tontine*d...................................................................................
Peter Cooper Savings and Loan Society.......................................................................
Polonia Co-operative Savings and Loan Association................................................,
Popular Banking, Savings and Loan A ssocioiio»***tttt..........................................
Produce Exchange Building and Loan Association.................................................... .
Prospect Co-operative Savings and Loan Association..................................................
Provident Co-operative Savings and Loan Association................................................ .
Provident Savings-LoanInvestment Company (The) JJJ........................................... .
Prudential Savings and Loan Association of New York, N . Y. (The) §§§...............
Railroad Brotherhoods Savings and Building Association.......................................
Railroad Co-operative Building and Loan Association.............................................
Railroad and Steamship Employees’ Mutual-Building and Loan Association........... .
Republic Savings and Loan Assodation\ | |
| | l................................................................
Retail Merchants’ Co-operative Savings and Loan Association...................................
Riverside Building and Loan Association....................................................................
Rural Savings and Loan Association......................................................................... .
Safety Co-Operative Building, Loan and Savings Association of New York C ity. . . . .
Scandinavian Building and Mutual Loan Association of New York and Brooklyn.

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

L ist

of

Savings

and

to

L oan Associations — ( Continued).

NAM ES OF ASSOCIATIONS.

Organised.

April,

1891

First
report
for year.

N ov. 10,1910
May 5,1890
Jan. 1,1888
Sept. 5,1887
1890
M ay 1,1887

1910
1890
1890
1888
1890
1889




1897
||||**1902
[1111893
IfflD ec. 12,1905
1893
Jan. 24,1907
Dec. 19,1904

' ' ” ‘ "T O i894

Jan. 20,1904
*t*1893
*t*M ay 1,1893
f f Jan. 5,1905
Feb. 16,1912
Jan. 2,1905
*1900
1903
*1875

1896
*1893
Sept. 25,1894

A s s o c ia t io n s

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

1894
1894

L oan

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

1898
*1889
tttl8 9 3
itil8 9 2

and

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

L oan A ssociation ..................................................

S a v in g s

April,
1892
April,
1891
Jan. 20,1885
Dec. 31,1891
Deo.,
1891
Aug. 20,1892
Feb.,
1888
Mar. 22,1911
April 10,1888
June 19,1888
Sept.,
1888
July 6, 1888
Feb. 20,1890
Dec. 6,1895
D ec.,
1889
April 20,1888
Jan. 4,1889
Sept. 12,1888
Jan. 1,1891
Oct. 1,1890
Jan. 1,1891
Dec. 15,1890
Dec. 15,1890
July 22,1891
Jan. 15,1894
May 20,1896
N ov. 14,1887
Aug. 17,1888
Sept. 24,1900
Oct. 4,1875

and

Security Investment Company.................................................................................................
Security Mutual Bank............................................................................................................
Serial Building, Loan and Savings Institution....................................................................
Sherman Park BaurVerein, N o. 1 .........................................................................................
Sherman Park Savings and Building Association................................................................
Silver Lake Park Building and Loan Association.................................................................
Star Co-operative Building and Loan Association.............................................................
Steamship Clerks' Savings and Loan Association...............................................................
Stuyvesant Co-operative Building and Loan Association§§..................................................
Sun and Evening Sun Building, Mutual Loan and Accumulating Fund Association........
Teachers’ Building and Loan Association of New York C ity...........................................
Teachers’ Co-operative Building and Loan Association of the City of New Y ork..........
Teachers’ Equitable Building-Loan Association....................................................................
Treasury Corporation Co-operative-Savings and Loan Association......................................
Triangle-Building, Loan and Tontine Savings Fund Association........................................
Twenty-third Ward Co-operative Building and Loan Association........................................
Union Building, Loan and Savings Association...................................................................
Union Square Permanent Co-operative Building and Loan Association..........................
United Building and Loan Bank. , ........................................................................................
United Savings-Loan Society**%*..........................................................................................
United States Bond Company.................................................................................................
United States Building-Loan League......................................................................................
United States Savings and Loan Bank*%*.............................................................................
Universal Trust C om panj/tttt..............................................................................................
Washington Heights Savings and Loan Association.............................................................
Westchester Co-operative Savings and Loan Association.......................................................
W est End Co-operative Building and Loan Association...................................................
W est Side M utual Building, Loan and Saving Association of the City of New Y o rk ...
Wood-Harmon Co-operative Savings and Loan Association.................................................

on

W oodlawn H eights M utual B uilding A sso ciatio n ........................................................

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
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

S ecurity C o- opkrativb Savings

Closed.
R eport

NEW YO R K COUNTY — (Concluded).
Surety Building-Loan Mortgage Company***.......................................................................

Location.

U tica..............
U tica..............
W hitesboro...
Rom e..............
Oriskany Falls
U tica..............

Feb. 7,1891
Feb.,
1884
April 3,1893
Aug. 23,1888
Oct. 1,1900
April,
1891

1891
1884
1893
1890
1900
1891

ONONDAGA COUNTY.
Atlantic Savings and Loan Association o f 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 o f Syracuse, N . Y . ...
Empire Co-operative Savings’ Building and Loan Association.
Empire Savings and Loan Association 1 f t t t ...........................
1
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 Association%%.................
Safety Investment and Loan Company......................................
Syracuse Co-operative Savings and Loan Association...........
United Savings, Building and Loan Association.......................

Syracuse
Syracuse
Syracuse
Syracuse
Syracuse
Syracuse
Syracuse
Syracuse
Syracuse
Syracuse
Syracuse
Syracuse
Syracuse
Syracuse
Syracuse
Syracuse
Syracuse
Syracuse
Syracuse

Mar. 21,1892
Mar. 27,1891
1889

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
M ar.,
1891

ORANGE COUNTY.
Building and Loan Association of Newburgh, N. Y ..................
Co-operative Loan and Savings Society......................................
D eerpark and W e 3tfall B uilding and L oan A ssociation .

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

Feb. 16, 1918
..............i895

1894
1890
1893
1887
1890
1888
1893

1894

1890
1891

N ov. 18,1908

Newburgh..
M ay,
1886
1886
Port Jervis.
1892
Aug. 13,1891
*1878
Port Jervis.
1872
1876
D elaware B uilding and L oan A ssociation .............................
*1877
Port Jervis.
1875
Goshen.......
Goshen Co-operative Savings and Loan Association (T he).......
Aug. 5,1910
1910
Homestead Building and Loan Association.................................
Middletown.
D ec.,
1888
1889
Middletown
M iddletown B uilding and L oan A ssociation ........................
*1876
1875
Sept. 23,1873
M utual B uilding and L oan A ssociation .................................
Port Jervis.
*1879
July 1,1874
1875
* The last report received was for that year.
** Charter forfeited by non-user.
*** Formerly Security Mutual Bank, q. v.
t Receiver appointed
April, 1898.
tt Assignee appointed.
f t t Consolidated with the Bankers' Loan and Investment Company.
f t t t Taken possession of and closed by Super­
intendent of Banks.
£ Transferred to Eastern Building and Loan Association of Syracuse, N. Y .
tt Removed from Geneva to Syracuse in 1895.
tt 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.
Receiver appointed.
IH f! Transferred to People’s Co-operative Building and Loan Associa­
tion.
| Formerly Empire Co-operative Savings, Building and Loan Association, q. v.
|
J Name changed to Republic Savings ana Loan Association.
jjj
**H* Formerly Chosen friends’ Homs, Loan and Savings League, q. v.
*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, q. v.
||||**Name changed to Excelsior Building and
Loan Association.




L ist of A ssociations

ONEIDA COUNTY.
Comhill Building and Loan Association......................................
Homestead Aid Association of U tica...........................................
Homestead Aid Association of W hitestown, 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 o f Utica.........................

09

L ist

of

Savings

and

L oan Associations — (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............................

M ay 30,1868
Aug.,
1891
M ay 30,1868

1875
1892
1875

Central V alley......................
M iddletown..........................
M onroe.................................
Central V alley......................

April,
1890
Oct. 12,1873
Feb. 27,1903
Feb.,
1889

1890
1875
1903
1890

M edina..................................
A lbion...................................

Mar. 20,1888
July 16.1889

1888
1889

Oswego.................................. M ar. 5, 1890
Oswego..................................
1884
Oswego.................................. Oct. 1,1888
G erman D eposit and A id A ssociation ................................................................................... Oswego.................................. Aug. 4,1874
Home Savings and Aid Association....................................................................................... Oswego.................................. Feb. 1,1888
Lake C ity Building and Loan Association.......................................................................... Oswego.................................. Aug. 14,1890
M utual D eposit and A id A sso ciatio n .................................................................................. Oswego.................................. July 22,1879
O ntario Savings and A id A ssociation ................................................................................... Oswego.................................. July 8, 1873
O swego M utual Savings and A id A ssociation .................................................................. Oswego.................................. Feb. 20.1884
Oswego Savings and Loan Association................................................................................... Oswego.................................. April 16,1888
Reciprocity Building and Loan Association........................................................................ Oswego.................................. Oct. 16,1890
Security Building and Loan Association.............................................................................. Oswego.................................. Aug. 1,1890

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

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

Cooperstown........................
Oneonta.................................

D ec. 26, 1917
April 27,1888

1888

QUEENS COUNTY.
Astoria Real Estate Association.............................................................................................
Bohemian Tax-payers’ Co-operative Savings and Loan Association o f Long Island C ity..
Central Permanent Building and Loan Association...........................................................
Columbia Building and Loan Association^.........................................................................
Flushing Co-operative Savings and Loan Association.......................................................
Long Island C ity Building and Loan Association..............................................................
Long Island Savings and Investment Association..............................................................
Queens County Co-operative Savings and Loan Association............................................

Long Island C ity.................. M ar. 4,1889
Long Island C ity.................. Jan. 4,1897
Long Island C ity.................. Dec. 4,1888
Woodhaven........................... Aug. 14,1889
Flushing................................ M ar.,
1888
Long Island C ity.................. June,
1887
Flushing................................ April 14,1892
Jamaica................................. M ay 22,1888

1890
1897
1889
1889
1890
1887
1893
1888

Closed.

ORANGE COUNTY — (Concluded).
N ev ersink B uilding an d L oan A sso ciatio n .......................................................................
O range C ounty B uilding an d L oan A sso ciatio n .............................................................

Orange County Building and Loan Association, N o. 2 .....................................................
Port Jervis Building and Loan Association, No. 1, o f the Village o f Port Jervis, Orange
County, N . Y ......................................................................................................................
Port Jervis Real Estate and Loan Association...................................................................
Port Jervis Savings and Loan Association, N o. 1..............................................................
Union Building and Loan Association of the Town of W oodbury, County of Orange,
State of New Y ork.............................................................................................................
W allkill B uilding and L oan A ssociation ..........................................................................
Warwick, Monroe and Chester Building and Loan Association........................................
Woodbury, Monroe and Chester Building and Loan Association.........................................
ORLEANS COUNTY.
Medina Savings and Loan Association................................................................................
Orleans County Co-operative Savings and Loan Association............................................
OSWEGO COUNTY.
Dime Building and Loan Association..................................................................................

E mpire Savings

and

A id A ssociation .....................................................................................

Frontier Permanent Building and Loan Association.........................................................




*1879
*1882
tttt

*1876
tU 903

*1888
*1879
1893
*1883
April, 1878
*1888
April, 1892

*1902
**M ar. 3,1906

R eport on Savings and L oan A ssociations

Location.

NAM ES OF ASSOCIATIONS.

Rockaway Savings and Loan Association...........................................................................
Whitestone Co-operative Savings and Loan Associations.................................................

W est Rockaway.
W hitestone........

RENSSELAER COUNTY.
Castleton Building, Savings and Loan Association............................................................
Castleton Savings and Loan Association................................................................................

C astleton.. . .
Castleton___
Hoosick Falls
Industrial Building-Loan and Savings Association of T roy.............................................. T roy.............
Permanent Savings and Loan Association of Hoosick Falls, New Y ork........................... Hoosick Falls
Pioneer Building-Loan and Savings Association of T roy................................................... T roy.............
Troy Co-operative Savings and Loan Association............................................................. T roy.............
T rot Savings C ompant ................................................................................................................ T roy.............

H oosick B uilding

and

L oan A ssociation ............................................................................

Oct. 5,1914
Aug. 31,1891

1914
1891

Feb. 24,1913
1882
M ay 1,1889
June,
1889
Feb. 25,1889
Oct. 25,1897
1870

1913
1890
1885
1889
1889
1889
1897
1875

Stapleton.................
Mariner’s H arbor...
New Brighton.........
Mariner’s H arbor...
Port Richm ond........
Port Richm ond. . . . ,
Port Richmond
W est New Brighton.
W est New Brighton
Mariner’s H arbor.,.,
Tottenville.............. .
New Dorp.................
W est New Brighton.
Tompkinsville......... .
W est New Brighton.

M ay,
1887
M ay 4,1906
July 17,1900
Feb.,
1887
April 18,1888
July 18,1912
Feb. 3,1910
D ec. 9,1892
M ay 22, 1916
Aug. 25,1902
D ec. 13,1881
Feb. 17,1915
Feb. 8,1876
July 13,1908
Dec. 9,1892

1887
1906
1900
1887
1888
1912
1910
1893
1916
1902
1881
1915
1876
1908
1902

ROCKLAND COUNTY.
Co-operative Savings and Loan Association of Spring Valley...........................................
Helping Hand Building and Loan Association.....................................................................
Home Building and Loan Association of Spring Valley.....................................................
Nyack Building, Co-operative Savings ana Loan Association..........................................
Orangetown Savings and Loan Association.......................................................................
Park Co-operative Savings and Loan Association of Pearl River, New York..................
Provident Building and Loan Association of Haverstraw, N. Y ., Inc., The....................
Provident Building and Loan Association o f Spring Valley, New York |j.........................
Suffera Savings and Loan Association.................................................................................
Town o f Ramapo Building and Loan Association, No. 1, of the Village of Suffem, Rock­
land County, New For& ftt................................................................................................

Spring Valley
Spring Valley
Spring Valley
N yack..........
Spark ill........
Pearl R iv er..
Haverstraw..
Haverstraw..
Suffem ..........

Sept. 1,1889
M ay,
1891
Mar. 1,1891
June 13,1888
M ay 27,1915
April 25,1899
June 1,1888
June 1,1888
Feb. 1,1887

1889
1892
1892
1890
1915
1899
1890
1890
1887

Suffem ..........

Feb.

1887

1,1887

*1881

***1902

1893

II
ttt

ST. LAW RENCE COUNTY.
1890
Feb. 27,1889
Canton Savings and Loan Association................................................................................. Canton.......
1892
Jan. 14,1892
Gouvemeur Savings and Loan Association......................................................................... Gouvemeur,
1890
M ay 1,1890
Norwood Savings, Loan and Building Association............................................................. N orw ood...
1888
April 21,1888
Ogdensburg Savings and Loan Association.......................................................................... Ogdensburg.
1890
M ay 16,1890
Potsdam Savings, Loan and Building Association.............................................................. P otsdam .. .
* The last report received was for that year.
** Receiver appointed 1906.
*** Name changed to Westerleigh Building, Loan and Savings Association,
t Formerly Prohibition Park Building, Loan and Savings Association, q. «.
f f Name changed to Warwick, Monroe and Chester Building and Loan Association.
Ttt Name changed to Suffem Savings and Loan Association, July 1, 1911.
t t t t Name changed to Port Jervis Savings and Loan Association Number 1
,
February 1, 1912.
$ Removed from Brooklyn, Kings County, December 7, 1899.
§ Reincorporated February 7, 1896.
| Reincorporated October 18, 1896.
|
Name changed to The Provident Building and Loan Association of Haverstraw, N . Y ., Inc., M ay 26,1913.




L ist of A ssociations

RICHM OND COUNTY.
Edgewater Co-operative Savings and Building-Loan Association.....................................
Milliken Co-operative Savings and Loan Association of New Y ork.................................
New Brighton Co-operative Savings and Loan Association..............................................
Northfield Building, Loan and Savings Association...........................................................
North Shore Building, Loan and Savings Association.......................................................
Polish Savings and Loan Association of Richmond County, N. Y ., The.........................
Port Richmond Co-operative Savings and Loan Association............................................
Prohibition Park Building, Loan and Savings Association.................................................
Prudential Saving and Loan A ssociation.; .......................................................................
Richmond Borough Co-operative Savings and Loan Association......................................
Richmond County Building and Mutual Loan Association..............................................
South Shore Savings and Loan Association......................................................................
Staten Island Building, Loan and Savings Association......................................................
Tompkinsville Co-operative Savings and Loan Association..............................................
Westerleigh Building, Loan and Savings A ssociationf.......................................................

1891
*1889

cn

L ist or Sayings

and

L oan Associations — {Concluded),

05

NAM OP ASSOCIATIONS.
ES

Location.

Organized.

First
report
for year.

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

M echanicville........................

April 25,1905

1905

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

Schenectady..........................

April,

1889

SENECA COUNTY.
Seneca Building and Loan Association^,...............................................................................

Seneca Falls........................

April 1,1893

1893

1898

STEUBEN COUNTY.
Avoca Co-operative Savings and Loan Association...............................................................
Bath Savings and Loan Association....................................................................................
Cohocton Dime Savings and Loan Association......................................................................
Coming Co-operative Savings and Loan Association.........................................................
Hanunondsport Savings and Loan Association.................................................................
Homellsville Co-operative Savings and Loan Association.................................................
Maple C ity 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.............................................................
Wayiand Dime Savings and Loan Association...................................................................

A voca..................................... N ov. 14,1889
Bath....................................... Feb. 4,1890
Cohocton............................... Feb. 6,1890
C om ing................................. M ay 14,1899
Hammondsport..................... M ay 12,1915
H oraell.................................. Mar. 27,1888
H om ed.................................. Jan. 18,1906
North Cohocton.................... April 1,1891
W allace.................................. Feb. 24,1891
W ayiand................................ Jan. 20,1888

1890
1890
1890
1889
1915
1888
1906
1891
1896
1888

Feb. 21,1916

SUFFOLK COUNTY.
AmityviUe Co-operative Building, Loan and Savings Associationt ......................................
Babylon and Oak Beach Co-operative Savings and Loan Association..................................
Co-operative Savings and Loan Association o f Sayville.........................................................

AmityviUe.............................
Babylon.................................
Sayvide..................................

N ov. 20,1893
M ay 31,1895
July 2,1894

1893
$1895
1894

1896

SULLIVAN COUNTY.
First Farmers’ Savings and Loan Association....................................................................

Centervide Station...............

Aug. 12,1914

1914

W avbrly M utual L oan A ssociation ......................................................................................

W averly.................................
W averly.................................

July 21,1903
April,
1876

1903
1876

*1885

TOM PKINS COUNTY.
Groton Savings and Loan Association.................................................................................
Ithaca Savings and Loan Association.................................................................................
Trumansburg Co-operative Savings and Loan Association...................................................

Groton...................................
Ithaca....................................
Trumansburg........................

July 18,1914
M ay 17,1915
April 30,1907

1914
1915
1907

Aug. 25, 1909

ULSTER COUNTY.
Home Co-operative Savings and Loan Association o f the City o f Kingston, Rondout, N. Y. R ondout................................
Home-Seekers’ Co-operative Savings and Loan Association of the City of Kingston,
N. Y.||----- '. ........................................................................................................................ Rondout................................
Kingston Co-operative Savings and Loan A ssociation.................................................... Kingston...............................

5,1889

1889

§1891

July 21,1891
Jan. 11,1892

1891
1892




1895

.......... **iS96

1901
1899

Dec. 31, 1904

R eport on S avings

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

1889

Closed.

d
O
!>
3

a
t

at
O

a

July

£

H
w
O

at

Saugerties Co-operative Savings and Loan Association (T he).......................
Wailkill Valley Savings and Loan Association................................................
_
W ARREN COUNTY.
Glens Fails Savings and Loan Association......................................................

N ov. 7,1907
Sept. 3, 1913

1907
1913

D ec. 2 .1S39

W ailkill.................................

1890

W ASHINGTON COUNTY.
Whitehall Co-operative Savings and Loan Association..................................

W hitehall..............................

D ec. 31,1910

.
.
W AYNE COUNTY.
Lyons Co-operative Savings and Loan Association............................................
Wayne Building, Loan and Accumulating Fund Association.........................

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

M ar. 31,1909
M ar. 8,1888

1909
1888

Yonkera.................................
W hits Plains.........................

Jan. 19,1897
M ar. 17, 1893
June 13, 1901
June 17' 1887
Dec. 24,1890
Sept. 15| 1888
Sept. 14j 1917
M ay 2, 1900
July 1,1890
1891

1897
1893
1901
1887
1890
1890

1898
1895

1902

July 16, 1909

Yonkers.................................

M ay 1,1889
Dec. 4, 1916
WiUiamsbridge...................... Feb. 28, 1890
Jan. 18,1888

1900
1890
1895
1890
1889
1916
1892
1888

W YOM ING COUNTY.
Tonawanda Valley Co-operative Savings and Loan Association.....................

A ttica....................................

M ay 14,1907

1907

Jan. 27,1890

9, 1911
111900

1890

YATES COUNTY.
Home Savings and Loan Association of Penn Yan.......................................

White Plains.........................

1901
1893

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




L ist of A ssociations

W ESTCH ESrER COUNTY.
Fidelity Co-operative Savings and Loan Association........................................ .
Harrison Building and Loan Association.. . . : ................................................,
HastingS'On-Hudaon Building, Co-operative Savings and Loan Association
Home Building and Loan Association of Mount Vernon...............................
Mamaroneck Co-operative Savings and Loan Association........................... .
New Rochelle Co-operative Building and Loan Association..........................
Northern Westchester Savings and Loan Association....................................
Parle View Lot Association. . . .........................................................................
Peekskill Co-operative Building, Savings and Loan Association.................
Tarrytown and North Tarry town Building and Loan Association..............
Tuckahoe Home Building and Loan Association...........................................
White Plains Building and Loan Association.................................................
W hite Plains Savings and Loan A ssociation ................................................
WiUiamsbridge Building and Loan Association...............................................
Yonkers Building and Loan Association........................................................

***Mar.




DETAILED STATEMENT
OF THE CONDITION OF THE

Savings and Loan Associations
OF THE

STATE OF NEW YORK
J a n u a r y 1, 1918
A S C O M P IL E D F R O M R E P O R T S T O T H E B A N K IN G D E P A R T M E N T
These Associations Are Arranged Alphabetically by Counties




[49]




ALBANY COUNTY
ALBANY COUNTY SAVINGS AND LOAN ASSOCIATION
N os. 309-313 South P earl street, A lban y, N . Y .
[Organized under Law of 1892.
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney......................

Commenced business 18921

Names
R. B. ROCK...............................................
GUY H. BENJAMIN...............................
CHAS. F. KAHNLE...............................
LOUIS SILBERMAN..............................

Post*office addresses
143
Dongan Avenue.
11
Delaware Terrace.
46
Bassett Street.
De
Graaf Building.

ASSETS
Loans on bond and m ortg a g e..............................................................
Loans on shares...........................................................................................
R eal estate ..................................................................................................
Cash on hand and in b a n k .....................................................................
F u rn itu re and fixtu res..............................................................................
Advances fo r taxes, insurance, e t c .....................................................

$221,370
5 ,1 4 3
20 ,52 3
4 ,4 27
100
8

41
00
00
87
00
00

$251,572 28
LIABILITIES
D ue shareholders, d u e s ............................................................................
D ue shareholders, dividends cred ited ....................................................
B orrow ed m o n e y .........................................................................................
U ndivided profits .......................................................................................
G uaranty fu n d (a s per section 392 of Banking L a w ) ..................
Suspended d u e s ...........................................................................................

$210,436
16,227
11,500
5 ,9 9 3
7 ,3 9 4
20

84
56
00
41
16
31

$251,572 28
RECEIPTS
Cash on hand January 1, 1917..............................................................
D ues credited' t o m em bers.......................................................................
M oney b o r r o w e d .........................................................................................
M ortgages redeemed, foreclosed or tran sferred t o real e s t a t e ..
Loans on shares re p a id ............................................................................
R eal estate s o ld ...........................................................................................
Fees r e c e iv e d ................................................................................................
Fines r e c e iv e d ..............................................................................................
Interest r e c e iv e d .........................................................................................
R en t r e c e iv e d ...............................................................................................
D ividends retained on w ith draw a ls...................................................
A dvances r e p a i d .........................................................................................
F ire l o s s .........................................................................................................
P ro fit and loss ...........................................................................................
Telephone ......................................................................................................

$ 3,397
106,563
15,000
36,156
8 ,0 3 0
2 ,2 9 7
105
224
12,986
1 ,1 56
735
850
1 ,0 5 0
31

02
18
00
34
00
00
00
08
48
00
36
59
05
05
20

$188,582 35
DISBURSEMENTS'
Loaned on m o r t g a g e ................................................................................
Loaned on shares............... .........................................................................
Dues repaid on w ithdraw al, or applied on lo a n s ...........................
D ividends paid on w ithdraw al, or applied on lo a n s ....................
P a id borrow ed m oney and p rior m ortga ges..................................
P a id interest on borrow ed m oney and p r io r m ortga ges...........
P aid fo r real esta te ..................................................................................




[51]

$ 3 5 ,7 0 0
5 ,6 6 0
115,023
8 ,5 8 4
8 ,5 0 0
327
3 ,8 20

00
00
46
25
00
09
00

52

R eport

on

Sayings

L oan A ssociations

and

P a id salaries and clerk-hire .................................................................
P a id advertising, prin tin g and posta ge..............................................
P a id repairs to real esta te.....................................................................
P a id taxes, insurance, e t c ............................................
P a id banking departm ent, assessm ent...............................................
Officers’ bonds ..............................................................................................
A dvances fo r taxes, insurance, e t c ....................................................
S ta te League d u es.......................................................................................
F ire loss .......................................................................................................
T e le p h o n e ......................................................................................................
L i g h t s ..............................................................................................................
C le a n in g .........................................................................................................
S ta tion ery ....................................................................................................
F u el ................................................................................................................
Sundries ........................................................................................................
M iscellaneous ..............................................................................................
Cash on hand Decem ber 31, 1917 ........................................................

$ 2 ,90 8
160
340
1 ,165
15
28
36
7
1 ,050
55
44
99
22
155
183
267
4 ,4 2 7

67
03
68
25
93
00
00
00
05
55
40
14
72
00
56
70
87

$1 8 8,5 8 2 35
P lan , permanent. P a r value o f shares, $100. Instalm ents are 251 cents
w eekly.
Sh ares in fo rce Janu ary 1, 1917, 7,192; shares issued du rin g th e year,
2,353; shares w ithdraw n during th e year, 2,9 76 ; shares in force, 6,569.
B orrow in g members, 177, h oldin g 1,978 shares; n on-borrow ing m em bers,
839, h oldin g 4,591 shares. Fem ale shareholders, 598, h oldin g 2,932 shares.
T o ta l dividends credited m em bers du rin g th e year on instalm ent shares,
$7,336.25; rate 5 p er cent. T ota l dividends cred ited or paid in cash to m em ­
bers durin g th e year on oth er shares, $1,876.52; ra te 4 per cent.
N o u n paid w ithdraw als. O perating expenses, as denned in section 390
o f the B ank ing Law , incurred and pa id d u rin g the year, $3,664.07. U npaid
none.
'
N o prem ium plan. In terest pa id b y b orrow in g members, 6 per cent. N o
prem ium charged.
L oan s have been m ade in Albany, Rensselaer and Schenectady counties,
N ew Y o rk State. Largest m ortgage loan ou tstan din g, $6,000. M ortgages in
fo rce in N ew Y ork State, $221,370.41. T w o foreclosures du rin g the year.

CENTRAL SAVINGS AND LOAN ASSOCIATION
N o. 302 Central avenue, A lban y, N . Y .
[Organized under Law o f 1851.
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................

Commenced business 1891]

Names
Post-office addresses
JOHN WAGNER................................................... Albany. N. T.
FREDERICK W. COOK....................................... Albany, 'N. Y.
FREDERICK G. MICHEL.................................. Albany, iN. Y.
HOWARD HENDRICKSON...............................
Albany, N. Y.
A SSE TS

L oans on bond and m o rtg a g e.................................................................
L oans on shares.........................................................................................
R eal estate .................................
Cash on hand and in b a n k ............................................................ ,........
F u rn itu re and fixtu res..............................................................................
Interest, prem ium , fees and fines due and u n p a id .........................
A dvances fo r taxes, insurance, e tc ...................................................




$75,026
175
10,672
738
300
1,6 86
236

21
00
33
66
00
87
89

$88,8 3 5 96

A lbany C ounty

53

L IA B IL IT IE S

D ue shareholders, d u es..........................................................................
D ue shareholders, dividends cred ited .................................................
B alance to be pa id borrow ers on m ortgage lo a n s ..........................
B orrow ed m oney .......................................................................................
U ndivided profits .......................................................................................
G uaranty fun d (a s per section 392 o f Banking l a w ) ....................

$64,911
4 ,8 6 3
300
7 ,5 0 0
7 ,361
3 ,9 0 0

43
37
00
00
16
00

$ 88,835 96
R E C E IPTS

Cash on hand Janu ary 1, 1917............................................................
Dues credited to m em bers.....................................................................
M oney borrow ed .......................................................................................
M ortgages redeemed, foreclosed or transferred to real e s t a t e ..
Loans on shares re p a id ............................................................................
F ines received ...........................................................................................
In terest received .......................................................................................
Prem ium received ...................................................................................
Rent received ..............................................................................................
D ividends retained on w ith d raw a ls...................................................
Advances repaid .......................................................................................

$ 2 ,85 2
23 ,36 2
5 ,5 0 0
20,259
197
106
4 ,3 2 8
2 ,1 6 8
865
337
51

85
74
00
01
00
45
58
57
02
94
30

$60,029 46
D ISBU RSEM EN TS

Loaned on m o rtg a g e................................................................................
Loaned on shares.......................................................................................
Dues repaid on w ithdraw al, or applied on lo a n s ...........................
P a id m atured shares................................................................................
D ividends paid on w ithdraw al, or applied on lo a n s ....................
Cash dividends pa id on incom e and accum ulative prepaid
shares .........................................................................................................
P a id borrow ed m oney and p rior m ortga ges..................................
P aid interest on borrow ed m oney and p rior m ortga ges...........
P a id fo r real esta te...................................................................................
P a id salaries and1 clerk -h ire................................................................
P a id advertising, prin tin g and p osta ge...........................................
P a id ren t ....................................................................................................
P a id repairs to real esta te...................................................................
P a id taxes, insurance, e t c .....................................................................
P a id banking departm ent, assessm ent...............................................
Advances fo r taxes, insurance, e t c ...................................................
Cash on hand Decem ber 31, 1917........................................................

$13,525
182
21 ,47 2
6 ,011
732

00
00
54
96
37

1,986
9 ,1 0 0
602
3 ,2 02
1,141
338
300
428
165
6
93
738

82
00
75
64
10
71
00
72
69
67
83
66

$60,029 46

Plan, permanent. P a r value o f shares, $100. Instalm ents are 15 cents
weekly.
Shares in fo rce Janu ary 1, 1917, 7,435; shares issued du rin g the year,
1,416; shares w ithdraw n during the year, 1,092; shares in force, 7,759.
B orrow in g members, 61, h oldin g 768 shares; n on-borrow ing members, 370,
h oldin g 6,991 shares. Fem ale shareholders, 316, holding 3,034 shares. T otal
dividends credited members du rin g the year on instalm ent shares, $1,987.13;
rate 6 per cent. T ota l dividends credited or paid in cash to members during
the year on oth er shares, $1,986.82; ra te 6 per cent.
N o unpaid w ithdraw als.
Am ount o f shares m atured du rin g the year,
$6,011.96. O perating expenses, as defined in section 390 o f th e Banking Law ,
incurred and p a id du rin g the year, $1,779.81. U npaid, none.
Prem ium pla n , instalm ent. In terest pa id b y b orrow in g members, 5 y 5 per
cent. Prem ium pa id b y b orrow in g members, 5 cents per share per week.




54

R eport

on

Savings

and

L oan A ssociations

L oans have been m ade in A lbany, Colum bia, Essex, Greene, Onondaga,
Rensselaer, Saratoga, Schenectady and Schoharie counties, N ew Y ork State.
L argest m ortgage loan outstanding, $5,000. M ortgages in force in N ew Y ork
State, $75,026.21. One foreclosure du rin g th e year.

PERMANENT SAVINGS AND LOAN ASSOCIATION OF ALBANY, N. Y.
N o. 106 State street, A lbany, N . Y .
[Organized under Law o f 1851.
Officers
President....................
Secretary.....................
Treasurer...................
Attorney......................

Names

Commenced business 1889]
Post-office addresses

HENRY SCHAFER..............................................
OHAS. P. BRETT.................................................
STEPHEN L. FOSTER.......................................
EDWARD W. RANKIN.......................................

ASSETS
L oan s on bond and m ortg a g e.................................................................
Loans o n shares.........................................................................................
R ea l estate ..................................................................................................
Cash on hand and in b a n k .....................................................................
A dvances fo r taxes, insurance, e t c ....................................................
Street im provem ent certifica tes............................................................

Albany,
Albany,
Albany,
Albany,

N.
N.
N.
N.

$236,800
2 6 ,4 7 2
5 ,2 4 3
3 ,1 9 9
18
154

Y.
Y.
Y.
Y.
00
00
79
57
75
93

$271,889 04
LIABILITIES
D ue shareholders, d u es............................................................................
D ue shareholders, dividends cred ited ...............................................
B alance to be pa id borrow ers on m ortgage lo a n s .........................
B orrow ed m oney .......................................................................................
U ndivided profits .......................................................................................
G u a ra n ty fund (as per section 392 o f B anking L a w ) ..................

$194,084
2 5 ,0 6 4
1 ,0 00
2 3 ,0 0 0
18,378
10,361

20
72
00
00
92
20

$271,889 04
RECEIPTS
Cash on hand Janu ary 1, 1 9 1 7 ..........................................................
D ues credited to m em bers.....................................................................
M oney borrow ed .......................................................................................
M ortgages redeemed, foreclosed or tran sferred t o real e s ta t e ..
L oan s on shares re p a id .........................................................................
Fines received ............................................................................................
In terest received .......................................................................................
R en t received ............................................................................................
D ividends retained on w ith draw a ls......................................................
Advances repaid .......................................................................................
C ertificates repaid ...................................................................................
R epairs to real estate repaidi.................................................................

$3 ,66 1
8 7 ,86 9
2 5 ,0 0 0
4 4 ,2 0 0
4 3 ,31 9
353
15,311
719
1 ,105
12
45
8

26
52
00
00
00
83
32
00
75
50
40
00

$221,605 58
DISBURSEMENTS
Loaned on m ortga ge...................................................................................
Loaned on shares.......................................................................................
Dues repaid on w ith draw al, or applied on lo a n s .........................
P a id m atured shares ..............................................................................
D ividends paid on w ithdraw al, or applied on lo a n s ....................
P a id borrow ed m oney and p rior m ortga ges..................................
P a id interest on borrow ed m oney a nd p rior m ortga ges...........
P a id fo r rea l esta te...................................................................................
P a id salaries and clerk -h ire.................................................................
P a id advertising, prin tin g and p osta ge................; ..........................




$58,3 5 0
4 3 ,09 0
6 6 ,13 0
22 ,53 1
3 ,5 1 3
17,000
762
1 ,4 36
2 ,7 2 8
603

00
00
13
32
26
00
09
42
00
42

A lbany C ounty
P aid rent ....................................................................................................
P a id repairs t o real esta te.....................................................................
P a id taxes, insurance, etc.......................................................................
P a id banking departm ent, assessm ent...............................................
Officers’ bonds ............................................
Advances fo r taxes, insurance, e t c ......................................................
Street im provem ent certifica tes............................................................
Cleaning office ...........................................................................................
Telephone ....................................................................................................
L ig h t .............................................................................................................
A djustm ent, ro ll b o o k ..............................................................................
Office sundries and su p plies.................................................................
Insurance ....................................................................................................
Expense o f m oving and furnishing new office.................................
Com m ission ..................................................................................................
Cash on hand Decem ber 31, 1917........................................................

$720
99
209
16
34
31
200
78
60
20
91
34
635
30
3 ,1 9 9

00
28
01
29
001
25
33
00
73
64
50
04
79
51
00
57

$221,605 58
Plan, permanent. P a r value o f shares, $100. Instalm ents are 25 cents
weekly.
Shares in fo rce Janu ary 1, 1917, 7,461; shares issued du rin g the year,
2,436; shares w ithdraw n du rin g th e year, 2,532; shares in force, 7,365.
B orrow in g members, 253, holding 4,139 shares; non-borrow ing members,
764, h oldin g 3,226 shares. Fem ale shareholders, 509, h oldin g 2,529 shares.
T ota l dividends credited mem bers during th e year on instalm ent shares,
$9,719.81; ra te 5 per cent.
N o unpaid w ithdraw als.
A m ount o f shares m atured du rin g th e year,
$22,531.32. O perating expenses, as defined in section 390 o f th e B anking
Law , incurred and pa id du rin g th e year, $5,036.13. Unpaid, none.
N o prem ium plan. In terest paid b y borrow in g members, 6 per cent. N o
prem ium charged.
Loans have been made in Albany, Colum bia, Bensselear and Saratoga
counties, N ew Y ork State.
Largest m ortgage loan outstanding, $10,500.
M ortgages in force in N ew Y ork State, $236,800. One foreclosure durin g the
year.

THE SAFETY BUILDING-LOAN AND SAVINGS ASSOCIATION OF THE
CITY OF ALBANY
N o. 467 B roadw ay, A lbany, N . Y .
[Organized under Law of 1851. Commenced business 1889]
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney......................

Names
FRANCIS J. KELLEHER.................
EDWARD J. B. MURRAY................
JOHN J. GALLOGLY.........................
ANDREW G. SEELMAN...................

Post-office addresses
7 Providence Street.
300 Quail Street.
B’way and Arch Street.
68 State Street.

ASSETS
Loans on bond and m ortg a g e..................................................... .........
Loans on shares................................................................................ ..........
Stocks and b o n d s.............................................................................. .........
Cash on hand and in b a n k .....................................................................
F u rn itu re and fix tu res................................................................ .........
Instalm ents due and u n p a id ..................................................... .........
Interest, prem ium , fees and fines due and u n p a id ............. .........
Advances fo r taxes, insurance, e t c ..........................................
Interest accrued n ot d u e .............................................................. .........
Fines accrued n ot d u e..................................................................... .........




$327,500
20 ,68 9
12,975
583
150
2 ,0 8 9
1,843

00
00
00
95
00
00
65

1 ,624 90
36 50
$368,190 09

56

R eport

on

Savings

and

L oan A ssociations

L IA B IL IT IE S

D ue shareholders, d u es..............................................................................
D ue shareholders, dividends cred ited ...............................................
B orrow ed m oney .......................................................................................
G uaranty fu n d (as per section 392 o f Banking L a w ) ................
D ues pa id in advance............................. ................................................
In terest pa id in advan ce........................................................................
Personal account .......................................................................................

$280,746
59 ,14 6
9 ,5 0 0
18,444
240
104
7

50
53
00
72
75
30
29

$368,190 09
R E C E IP T S

C ash on hand Ja n u a ry 1, 1917.............................................................
Dues credited to m em bers.....................................................................
M oney b o r r o w e d ..........................................................................................
M ortgages redeemed, foreclosed or tran sferred to real e s t a t e ..
L oans on shares r e p a i d . . .....................................................................
Fees received ..............................................................................................
Fines r e c e iv e d ..............................................................................................
In terest received .....................................................................................
D ividends retained on. w ith d raw a ls...................................................
A dvances repaid .......................................................................................
L ib e rty loan members* cre d its ............................................................
F ire loss .......................................................................................................
Insurance .......................................................................................................
A ccrued in terest .......................................................................................
D epreciation, fu rn itu re and fix tu res.................................................
P ro fit and lo s s ............................................................................................

$625
7 9 ,30 6
4 9 ,50 0
5 6 ,98 5
2 5 ,0 0 2
77
599
2 0 ,7 2 3
1 ,1 6 2
125
4 ,3 2 5
4 ,2 2 6
4
154
50
108

17
75
00
44
00
02
78
18
37
83
00
00
50
45
00
93

$242,976 42
D ISBU RSEM EN TS

L oaned o n m o r t g a g e .................................................................................
Loaned on shares............................................................
D ues repaid on w ithdraw al, or applied on loa n s.........................
P a id m atured shares...................................................................................
D ividends pa id on w ithdraw al, or applied on lo a n s ....................
Cash dividends paid on incom e and accum ulative prepaid
shares .........................................................................
P a id borrow ed m oney and p rior m ortga ges..................................
P a id interest on borrowed/ m oney and p rio r m ortga ges...........
P a id salaries and clerk-h ire...................................................................
P a id advertising, prin tin g and p osta g e.............................................
P a id rent .......................................................................................................
Personal accou nt .......................................................................................
P a id banking departm ent, assessm ent...............................................
Officers’ bonds and in su rance.................................................................
Advances fo r taxes, insurance, e t c ......................................................
State League d u es.......................................................................................
T e le p h o n e .......................................................................................................
L ig h t ..............................................................................................................
N ew safe, m oving and p a in tin g ............................................................
S afe deposit b o x ...........................................................................................
Office supplies ............................................................................................
D epreciation, fu rn itu re ..........................................................................
Bonds purchased .......................................................................................
Insurance, fu rn itu re ..............................................................................
F ire losses ....................................................................................................
Cash on hand Decem ber 31, 1917........................................................




$42,5 3 5
2 2 ,4 4 8
4 4 ,05 7
4 4 ,8 0 0
4 ,2 8 7

44
00
00
00
32

1 ,6 46
5 8 ,00 0
822
915
119
250
125
22
35
372
8
38
9
127
5
33
50
17,454
3
4 ,2 2 6
583

74
00
89
00
88
08
00
90
03
59
00
57
00
00
00
58
00
45
00
00
95

$242,976 42

A lbany C ounty

57

P lan, serial. P a r value o f shares, $200. Instalm ents are 50 cents sem i­
m onthly.
Shares in force January 1, 1917, 4,439; shares issued du rin g the year,
6 1 8 % ; shares w ithdraw n during th e year, 8 8 2 % ; shares in force, 4,175.
B orrow in g members, 259, h oldin g 1,983% shares; non-borrow ing members,
326, h oldin g 2,191% shares. Fem ale shareholders, 224, h old in g 1,364 shares.
T ota l dividends credited members during the yea r on instalm ent shares,
$17,470.27; rate 6 per cent. T otal dividends credited or paid in cash to
members du rin g the year on other shares, $1,646.74; rate 4 % per cent.
N o unpaid w ithdraw als.
A m oun t o f shares m atured during th e year,
$44,800. Entrance fee, 25 cents per share; m axim um fee $1. O perating
expenses, as defined in section 390 o f th e Banking Law , incurred and paid
durin g the year, $1,591.14. U npaid, none.
N o prem ium plan. Interest paid b y b orrow in g members, 6 per cent. N o
prem ium charged.
Loans have been m ade in Albany, Rensselaer and Schenectady counties,
N ew Y ork State. L argest m ortgage loan outstanding, $5,500. M ortgages
in force in N ew Y ork State, $327,500. N o foreclosures during th e year.

VOORHEESVILLE SAVINGS AND LOAN ASSOCIATION
Voorheesville, N. Y.
[Organized under Law of 1910.
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney......................

Commenced business 1913]

Names
Post-office addresses
FREDERIC V. GRIESMAN.................... Voorheesville, N. Y.
JOHN C. GUFFIN..................................... Voorheesville, N. Y.
JOHN C. GUFFIN..................................... Voorheesville, N. Y.
S. J. DARING.............................................
Voorheesville, N. Y.

ASSETS
Loans on bond and m ortg a g e...........................
Cash on hand and in b a n k ...............................
F u rn itu re and fixtu res...................................... .

$34,4 9 3 33
788 05

12 00
$35,2 9 3 38

LIABILITIES
D ue shareholders, d u es............................................................................
D ue shareholders, dividends credited:.................................................
U ndivided profits .....................................................................................
G uaranty fund (a s per section 392 o f Banking L a w ) ................

$32,172
2 ,0 5 6
822
241

35
93
41
69

$35,293 38
RECEIPTS
Cash on hand Janu ary 1, 1917............................................................
Dues credited t o m em bers.....................................................................
M oney borrow ed .......................................................................................
M ortgages redeemed, foreclosed or transferred to real e s t a t e ..
Fees received .............................................................................................
Fines r e c e iv e d ..................................................................................................
In terest received ........... : .........................................................................
D ividends retained on w ith draw als.....................................................
Shares transferred ...................................................................................

$378
17,853
2 ,3 5 0
2 ,6 6 0
5
1 ,778
27
55

88
70
00
00
25
50
95
42
54

$25,1 1 0 24
DISBURSEMENTS
Loaned on m ortg a g e..............................................................................
D ues repaid on w ithdraw al, or applied on loa n s.........................
D ividends pa id on w ithdraw al, or applied on lo a n s ....................




$11,2 0 0 00
7 ,1 1 6 40
233 28

58

R eport

on

Savings

and

L oan A ssociations

P a id borrow ed m oney and p rior m ortga ges..................................
P a id in terest on borrow ed m oney and p rior m ortga ges...........
P a id salaries and clerk -h ire.................................................................
P a id banking departm ent, exam in ation ...........................................
P a id banking departm ent, assessm ent...............................................
Officers’ bonds ............................................................................................
Supplies .........................................................................................................
Cash on hand Decem ber 31, 1917........................................................

$ 5 ,45 0
157
I ll
26
2
8
16
788

00
85
00
32
56
00
78
05

$ 2 5 ,1 1 0 24
Plan, permanent. P a r value o f shares, $100. Instalm ents are 25 cents
w eekly.
Shares in fo rce Janu ary 1, 1917, 767; shares issued du rin g th e year, 417 ;
shares w ithdraw n du rin g th e year, 163; shares in force, 1,021. B orrow in g
mem bers, 22, h oldin g 319 shares; n on-borrow ing mem bers, 73, h old in g 702
shares. Fem ale shareholders, 20, h oldin g 140 shares. T ota l dividends credited
mem bers d u rin g th e year on instalm ent shares, $706.96; ra te 5 per cent.
T ota l dividends credited or paid1 in cash t o members du rin g the year on
oth er shares, $416.46; rate 4 per cent, and 5 per cent.
N o unpaid w ithdraw als. E ntrance fee, 25 cents per share. O perating
expenses, as defined in section 390 o f th e Banking Law , incurred and pa id
du rin g the year, $135.78. U npaid, none.
N o prem ium plan. In terest pa id b y b orrow in g members, 6 per cent. N o
prem ium charged.
L oan s have been m ade in A lb a n y cou nty, N ew Y o rk State.
L argest
m ortga ge loan outstanding, $3,700. M ortgages in force in N ew Y o rk State,
$34,493.33. N o foreclosures during th e year.

WEST END SAVINGS AND LOAN ASSOCIATION
N o. 854 M adison avenue, A lbany, N . Y .
[Organized under Law of 1851. Commenced business 1890]
Officers
Names
Post-office addresses
President..................... WILLIAM E. FOSKETT...................... 22 No. Pine Avenue.
THOMAS
H. BELL.................
749 Myrtle Avenue.
S ecreta ry....................
Treasurer...................
C. A. HOLLENBECK............................ 448 Hamilton Street.
Attorney...................... WALTER E. WARD............................... 1024 Madison Avenue.
ASSETS
Loans on bond and m ortg a g e......................................
Loans on shares.................................................................
Stock s and b o n d s...............................................................
R eal estate ..........................................................................
Cash on hand and: in b a n k .............................................
Interest, prem ium , fees and fines due and unpaid

$237,055
250
1 ,8 5 9
2 5 ,44 8
7,8 51
762

00
00
10
10
61
11

$273,225 92
LIABILITIES
D ue shareholders, d u es............................................................................
D ue shareholders, dividends cred ited ...............................................
B orrow ed m oney .......................................................................................
U n divided profits .....................................................................................
G uaran ty fun d (a s per section 392 o f B anking L a w ) ................
Im provem ent t o real estate, b ill d u e .................................................
B alance due on L ib erty b on d s............................................................
In stallm en ts on accou n t L ib erty b on d s...........................................
In terest pa id in advan ce............................




$ 2 00,574
3 7 ,98 8
5 ,0 0 0
19 ,01 0
9 ,5 0 0
260
40
696
156

03
95
00
53
00
00
00
16
25

$ 2 73,225 92

A lbany County

59

R E C E IPTS

Cash on hand Janu ary 1, 1917............................................................
D ues cred ited t o m em bers............................................................ ; . . .
M on ey borrow ed .......................................................................................
M ortgages redeemed, foreclosed or transferred to real e s t a t e ..
L oan s on shares re p a id ..........................................................................
Pees received ..............................................................................................
In terest r e c e iv e d .........................................................................................
B en t received ..............................................................................................
L ib erty bonds s o ld .....................................................................................
Over deposit b y trea su rer.....................................................................
P ro fit and loss, special reserve a ccou n t..........................................
P ro fit and loss, prem ium a ccou n t........................................................

$ 1 7 ,1 8 5 00
9 7 ,0 8 0 94

10,000 00
6 7 ,7 5 2
867
58
17,401

00
00
50
46

2,122 00
1,047 10

1 00
280 20
3 ,7 0 7 67
$216,952 87

D ISBU RSEM EN TS

L oan ed on m o rtg a g e................................................................................
L oan ed on sh a res.......................................................................................
D ues repaid on w ith draw al, o r applied on lo a n s .........................
D ividends p a id on w ithdraw al, o r applied on lo a n s ................
P a id b orrow ed m on ey and p rior m ortga ges..................................
P a id in terest on borrow ed m oney and p rior m ortga ges...........
P a id fo r real esta te..................................................................................
P a id salaries and clerk -h ire.................................................................
P a id advertising, p rin tin g and p o sta g e...........................................
P a id ren t .....................................................................................................
P a id repairs t o real e sta te.....................................................................
P a id taxes, insurance, e t c .....................................................................
P a id banking departm ent, assessm ent...............................................
Officers* b o n d s ..............................................................................................
S tate L eagu e du es.......................................................................................
A u d itors .........................................................................................................
F u rn itu re ....................................................................................................
Com m ission, collectin g ren ts...................................................................
Foreclosure costs .......................................................................................
W ith d raw n from reserve fu n d ............................................................
T ran sfer fro m reserve fu n d to profit and lo s s .............................
T ran sfer from bonds and m ortgages to profit and lo s s ................
T ran sfer from prem ium t o p rofit and lo s s ......................................
L ib e rty bonds pu rch ased..........................................................................
Cash on hand D ecem ber 31, 1917........................................................

$50,4 1 0
617
122,930
1 2 ,8 4 4
5 ,0 0 0
20
6 ,3 3 4
1 ,727
122
.373
394
1 ,1 5 0
18
45
7
500
6
51
276
13
230
150
3 ,7 0 7
2 ,1 7 0
7 ,8 51

00
00
27
45
00
83
10
15
81
50
74
30
11
70
00
00
69
30
25
15
20
00
67
04
61

$216,952 87

P la n , permanent. P a r value o f shares, $105. Instalm ents are 25 cents
weekly.
Shares in fo rce J a n u a ry 1, 1917, 8,987; shares issued during th e year, 1,378;
shares w ith draw n d u rin g th e year, 1,571; shares in force, 8,794. B orrow in g
members, 161, h oldin g 2,229 shares; n on-borrow ing mem bers, 831, holding
6,565 shares. Fem ale shareholders, 362, h oldin g 3,251 shares. T ota l div i­
dends credited mem bers during the yea r on instalm ent shares, $11,413.40; rate,
5 p er cent.
N o u n pa id w ithdraw als. M em bership fee, 50 cents. O perating expenses,
a s defined in section 390 o f the Banking L aw , incurred and pa id du rin g the
year, $2,852.26. U npaid, none.
Prem ium plan, prem ium -interest. In terest pa id b y b orrow in g members,
13 cents per share per week. N o prem ium charged.
Loans have been m ade in A lbany, Bensselaer and Schenectady counties,
N ew Y o rk State. L a rgest m ortgage loan outstanding, $7,140. M ortgages in
fo rce in N ew Y ork State, $237,055. Three foreclosures du rin g the year.




60

R eport

on

Savings

and

L oan A ssociations

ALLEGANY COUNTY
ALFRED MUTUAL LOAN ASSOCIATION
N o. 44 N orth M ain street, A lfred , N . Y .
[Organized under Law of 1351.
Officers
President....................
Secretary.....................
Treasurer...................
Attorney.....................

F.
E.
F.
E.

A.
P.
H.
P.

Commenced business 1 8 8 4 ]

Names
Post-office addresses
CRUMB........................................................ Alfred, N. Y.
SAUNDERS.................................................
Alfred, N. Y.
E LLIS.......................................................... Alfred, N. Y.
SAUNDERS................................................. Alfred, N. Y.

ASSETS
Loans on bonds and m ortg a g e.................................................................
Loans on shares...........................................................................................
Stock s and b on d s.........................................................................................
C on tracts fo r the sale o f real esta te .................................................
R eal e s t a t e ....................................................................................................
Cash on hand and in b a n k .....................................................................
F u rn itu re and fix tu res..............................................................................
Instalm ents du e and u n p a id .................................................................
Interest, prem ium s, fees and fines due and u n p a id .......................
Advances fo r taxes, insurance, e t c ......................................................
R en t due and u n p a id .................................................................................
Supplies on h a n d .........................................................................................

$211,491
11,750
1 ,6 00
5 ,2 2 8
3 ,0 0 0
110
316
1 ,2 6 0
1 ,2 7 4
47
35
60

06
00
00
43
00
34
78
11
07
64
50
00

$236,173 93
L IA B IL IT IE S

D ue shareholders, d u es..............................................................................
D ue shareholders, dividends cred ited .................................................
Balance to be pa id borrow ers on m ortgage lo a n s .........................
B orrow ed m o n e y .........................................................................................
U ndivided p r o f i t s .............................................................................
G u aran ty fu n d (a s per section 392 o f Banking L a w ) ..................
A pp lica tio n d e p o s it s ....................... ...........................................................
Instalm ent dues p r ep a id ..........................................................................
In terest p r e p a i d .........................................................................................
Suspense a c c o u n t ....................

$176,001
37 ,05 9
100
1 5,220
1 ,8 82
5 ,5 4 0
7
261
21
80

50
06
00
00
94
00
50
68
13
12

$236,173 93
R E C E IPTS

Cash on hand Janu ary 1, 1917.............................................................
Dues credited to m em bers........................................................................
M on ey b o r r o w e d .........................................................................................
M ortgages redeemed, foreclosed or transferred to real estate.
L oan s on shares re p a id ............................................................................
Fees r e c e iv e d ................................................................................................
F ines r e c e iv e d ..............................................................................................
In terest r e c e iv e d .........................................................................................
R en t r e c e iv e d ...............................................................................................
D ividends retained on w ith draw als......................................................
A dvances r e p a i d .........................................................................................
A pp lica tion deposits ................................................................................
R eal estate co n tra cts................................................................................
Suspense account .......................................................................................




$408
53,175
2 2 ,5 0 0
19,817
9 ,1 5 0
2
476
1 3 ,023
354
259
59
363
1,879
80

61
15
00
89
00
50
41
53
36
17
34
41
44
12

$121,549 93

A llegany 'County

61

DISBU RSEM EN TS

Loaned on m o rtg a g e..................................................................................
Loaned on shares.........................................................................................
D ues repaid on w ith draw al, or applied on lo a n s ...........................
P a id m atured shares...................................................................................
D ividends pa id on w ithdraw al, or applied on lo a n s ....................
Cash dividends pa id on incom e and accum ulative prepaid
shares .........................................................................................................
P a id borrow ed m oney and p rior m ortga ges....................................
P a id interest on borrow ed m o n e y and p r io r m ortga ges..............
P a id salaries and clerk-hire .................................................................
P a id advertising, prin tin g and p osta g e.............................................
P a id repairs t o real esta te.....................................................................
P a id taxes, insurance, e t c .......................................................................
P aid banking departm ent, exam in ation .............................................
P aid banking departm ent, assessm ent...............................................
Officers’ bonds ..............................................................................................
Advances fo r taxes, insurance, e t c ........................................................
State league dues and expenses............................................................
A pplication deposits used or retu rn ed...............................................
L ib erty bonds ..............................................................................................
Cash on hand Decem ber 31, 1917........................................................

$ 5 3 ,9 0 0
9 ,6 0 0
13,868
2 0 ,10 0
1 ,852

00
00
50
00
54

263
17,850
699
795
293
12
50
30
12
16
91
16
385
1 ,600
110

22
00
65
00
15
82
85
50
97
00
93
55
91
00
34

$121,549 93
Plan, serial. P a r value o f shares, $200. Instalm ents are $1 m onthly.
Shares in force J a n u a ry 1, 1917, 2,805; shares issued du rin g the year,
728% > shares w ithdraw n du rin g the year, 3 6 0 % ; shares in force, 3,173% .
B orrow in g members, 163, h oldin g 1,464% shares; non-borrow ing members,
337, holding 1,708% shares. Fem ale shareholders, 220, holdin g 1,042% shares.
T otal dividends credited mem bers du rin g the year on instalm ent shares,
$11,591.40; rate, 6 per cent. T otal dividends credited or pa id in cash to
members du rin g the year on oth er shares, $263.22; rate, 4 % per cent.
N o unpaid w ithdraw als.
A m ount o f shares m atured du rin g th e year,
$20,100. O perating expenses, as defined in section 390 o f th e B anking Law ,
incurred and p a id durin g the year, $1,120.70. U npaid, none.
N o prem ium plan. In terest paid b y b orrow in g members, 6 per cent. N o
prem ium charged.
L oan s have been m ade in A llegan y county, N ew Y ork State. Largest m ort­
gage loan outstanding, $6,000. M ortgages in force in N ew Y ork State,
$211,391.06. N o foreclosures durin g the year.

BRONX COUNTY
EUREKA CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION
553 Courtland avenue, N ew Y ork, N. Y .
[O rgan ized under L aw o f 1887. Com m enced business 1888]
O fficers
P residen t..................................
S ecretary..................................
T reasu rer................................
A ttorn ey ..................................

Names
JOH N L. B U R G O Y N E ..
GEORGE A . SPENCER.
J. H. H IT T O R F F ..........
JOHN D A V IS .................

P ost-office addresses
295 E ast 139th S treet.
247 B roadw ay.
993 Jackson A venue.
68 W illiam Street.

A SSE TS

Loans on bond and m ortg a g e...........................
Loans on shares.....................................................
Stocks and b on d s......................... ........................
Cash on hand and in b a n k ...............................
Furn itu re and fix tu res........................................




$108,400
5 ,9 3 5
15 ,24 3
181

00
00
75
32

100 00
$129,860 07

62

R eport

on

Savings

and

L oan A ssociations

L IA B IL IT IE S

D ue shareholders, dues ..........................................................................
D ue shareholders, dividends cred ited .................................................
B orrow ed m o n e y .........................................................................................
U ndivided p r o f i t s .......................................................................................
G uaran ty fun d (a s per section 392 o f Banking L a w ) ................
Unearned o r rebatable prem iu m ............................................................

$ 1 0 1,1 2 5
15,643
6 ,0 0 0
3 ,3 4 9
2 ,6 2 4
1 ,1 18

00
00
00,
47
60
00

$1 2 9,8 6 0 07
RECEIPTS
Cash on hand Janu ary 1, 1917...............................................................
D ues credited t o m em bers........................................................................
M oney b o r r o w e d .........................................................................................
M ortgages redeemed, foreclosed or tran sferred to real e s t a t e ..
Loans on shares re p a id ............................................................................
Fees r e c e iv e d ................................................................................................
Fines r e c e iv e d ..............................................................................................
In terest r e c e iv e d .........................................................................................
Prem iu m r e c e iv e d .......................................................................................
D ividends retained on w ith draw a ls....................................................
Advances r e p a i d .........................................................................................
In terest on bank b a la n ce..........................................................................
E xchange .......................................................................................................
Cash o v e r .......................................................................................................

$ 1 6 ,4 1 3
2 7 ,2 4 0
1 9 ,00 0
19,800
3 ,6 4 0
12
19
6 ,6 5 8
200
453
57
264

98
00
00
00
00
00
43
63
00
87
13
30
20
* 2 00

$93,761 54
DISBURSEMENTS
Loaned on m o rtg a g e...................................................................................
Loaned on shares.........................................................................................
D ues repaid on w ithdraw al, o r applied on b o n d s .........................
P a id m atured sh a res..............................................................
D ividends pa id on w ith draw al, o r applied on loa n s.......................
P a id borrow ed m oney and p rior m ortga ges....................................
P a id interest on b orrow ed m oney and p rior m ortga ges..............
P a id salaries and clerk -h ire...................................................................
P a id advertising, p rin tin g and p osta g e.............................................
P a id rent .......................................................................................................
P a id banking departm ent, exam in ation .............................................
P a id banking departm ent, assessm ent...............................................
Officers’ b o n d s ..............................................................................................
State League d u es.......................................................................................
Bonds p u r c h a s e d .........................................................................................
A tto rn e y f e e s ................................................................................................
D irectors’ f e e s ..............................................................................................
Revenue stam ps .........................................................................................
In terest and com m ission on bonds pu rch ased..................................
Cab h i r e .........................................................................................................
In terest rebated .........................................................................................
Cash on hand D ecem ber 31, 1917..........................................................

$ 2 0 ,0 0 0
6 ,7 8 5
15,225
2 0 ,2 0 9
1,9 67
13 ,00 0
83
500
161
165
19
8
16
6
15,243
12
81
1
91
2

00
00
00
67
80
00
00
00
88
00
50
54
00
00
75
50
00
20
88
00
50
181 32

$93,7 6 1 54
P lan , serial. P a r value o f shares, $200. Instalm ents are $1 m onthly.
Shares in force J anu ary 1, 1917, 2,439; shares issued du rin g the year, 372;
shares w ithdraw n du rin g th e year, 53 0 ; shares in force, 2,281. B orrow in g
mem bers, 35, h oldin g 542 shares; non-borrow ing m em bers, 291, h oldin g 1,739
shares.
Fem ale shareholders, 101, h oldin g 603 shares. T o ta l dividends
credited mem bers du rin g th e year on instalm ent shares, $5,963.40; rate, 5
per cent.




63

B ronx C ounty

N o unpaid w ithdraw als. A m oun t o f shares m atured du rin g the year,
$20,209.67. Entrance fee, 25 cents per book. Operating expenses, as defined
in section 390 o f the Banking Law , incurred and paid du rin g the year, $945.58.
U npaid, none.
Prem ium plan, gross. Interest pa id b y borrow in g members, 5 per cent.
Prem ium paid b y borrow in g members, 1 per cent.
Loans have been m ade in B ronx, Queens, B ichm ond and W estchester
counties, N ew Y ork State. L argest m ortgage loan outstanding, $7,000.
M ortgages in force in N ew Y ork State, $108,400. N o foreclosures du rin g the
year.

MOUNT ST. VINCENT CO-OPERATIVE BUILDING AND LOAN
ASSOCIATION.
N o. 1932 A rth u r avenue, New Y ork , N . Y .
[Organized under Law of 1851. Commenced business 1888]
Officers
President................................
Secretary................................
Treasurer..............................
Attorney................................

Names
WILLIAM C. BE R G E N ...........
ANDREW J. FLYNN................
JAMES O’CONNELL................
JOHN J. O’GRADY...................

Post-office addresses
130 West 180th Street.
1976 Hughes Avenue.
539 West 147th Street.
277 Broadway.

ASSETS
Loans on bond and m ortg a g e.................................................................
Real e s t a t e ....................................................................................................
Cash on hand and in b a n k .......................................................................
Furn itu re and fixtu res..............................................................................

$210,800
8 ,7 5 0
7 ,5 17
50

00
00
71
00

$227,117 71
LIABILITIES
D ue shareholders, d u e s ............................................................................
Due shareholders, dividends cred ited .................................................
Undivided profits .......................................................................................
G uaranty fu n d (a s per section 392 o f B anking L a w ) ................

$161,334
55,888
6 ,3 1 0
3 ,5 8 3

23
90
86
72

$227,117 71
RECEIPTS
Cash on hand Janu ary 1, 1917............................................................
Dues credited t o m em bers.....................................................................
M ortgages redeemed, foreclosed or transferred to real e s t a t e ..
R eal estate s o ld ...........................................................................................
. Interest r e c e iv e d .........................................................................................
Prem ium r e c e iv e d ......................................................................................
Rent r e c e iv e d ...............................................................................................

$12,0 6 4
37 ,29 4
18,200
3 ,1 0 6
11,045
145
462

88
46
00
22
59
80
00

$82,3 1 8 95
DISBURSEMENTS
Loaned on m o rtg a g e ............................. .. ...................................................
Dues repaid on w ithdraw al, or applied on lo a n s ...........................
Dividends paid on w ithdraw al, o r applied on lo a n s ....................
P aid fo r real esta te ..................................................................................
P a id salaries and clerk -h ire...................................................................
P aid advertising, p rin tin g and p osta ge.............................................
P aid rent . . . . . . .....................................................................................
P aid repairs t o real e sta te .....................................................................
P a id taxes, instirance, e t c .......................................................................




$46,950
18,155
3 ,377
4 ,5 0 0
508
47
100
398
135

00
33
14
00
00
25
00
25
48

64

R eport

on

Savings

and

L oan A ssociations

P a id banking departm ent, exam in ation ...........................................
P a id banking departm ent, assessm ent............................................
Officers’ b o n d s ..............................................................................................
League d u e s ..................................................................................................
A ttorn ey’s fees ............................................................................................
F oreclosure costs .................... : ................................................................
E xam ining prop erty o f association ......................................................
Cash on hand December 31, 1917..........................................................

$19
12
8
17
215
352
5
7 ,517

50
91
00
00
00
38
00
71

$ 82,318 95
P lan, permanent. F a r value o f shares, $100. Instalm ents are 25 cents
weekly.
Shares in force January 1, 1917, 3,018; shares issued d u rin g the year,
1,137; shares w ithdraw n during the year, 47 7 ; shares in force, 3,678. B or­
row in g members, 48, h olding 1,960 shares; non-borrow ing members, 266, h old ­
ing 1,718 shares. Fem ale shareholders, 116, h oldin g 1,124 shares. T ota l
dividends credited members during the year on instalm ent shares, $11,621.09;
rate, 6 per cent.
N o unpaid w ithdraw als. O perating expenses, as defined in section 390 o f
the Banking Law , incurred and p a id during the year, $685.25. U npaid, none.
Prem ium plan, premium-interest. Interest p a id b y borrow in g members,
6 p er cent. Prem ium paid b y borrow in g members, about 1 % per cent.
Loans have been m ade in B ronx, K in gs, N ew Y ork , Queens, R ichm ond, S u f­
fo lk and W estchester counties, N ew Y ork State, and in N ew Jersey. L argest
m ortgage loan outstanding, $23,750. M ortgages in force in N ew Y o rk State,
$201,300. One foreclosure during tlie year.

NORTH NEW YORK SAYINGS AND LOAN ASSOCIATION
N o. 499 W illis avenue, N ew Y ork , N . Y .
[Organized under Law of 1851. Commenced business 1888]
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney........... ..

Names
FRANK A. HOOKER...............
GEORGE W. CUDLIPP...........
WILLIAM H. W RIGH T...........
J. HOMER HILDRETH.........

Post-office addresses
1815 Webster Avenue.
251 E. Klngsbridge Road.
351 East 141st Street.
7 East 42d Street.

ASSETS
L oan s o n bond a nd m ortg a g e.................................................................
Loans on shares............................................................................................
R ea l estate ...................................................................................................
C ash on hand a n d in b a n k .................................. .....................................
F u rn itu re and fix tu res............................................................. ...............
In terest, prem ium , fees a nd fines due and u n p a id ............... . . . .

$ 2 22,800
4 ,8 3 0
2 4 ,0 0 0
1,061
106
5 ,0 2 2

00
00
00
84
53
09

$2 5 7,8 2 0 46
LIABILITIES
D ue shareholders, dues and dividends cred ited ..............................
B orrow ed m oney ........................................................................................
U n divided p rofits ......................................................................................
G uaran ty fun d (a s per section 392 o f B anking L a w ).................
P erson al a c c o u n t s ......................................................................................




$23 8,2 0 9
2 ,0 0 0
4 ,6 8 7
12,298
624

26
00
94
85
41

$257,820

46

65

B ronx County
RECEIPTS
Cash on hand Janu ary 1, 1917..............................................................
Dues credited to m em bers.......................................................................
M oney borrow ed .........................................................................................
M ortgages redeemed, foreclosed or tran sferred to real e s t a t e ..
Loans on shares rep a id .............................................................................
In terest received ........................................................................................
Prem ium received ......................................................................................
R en t received ...............................................................................................
Personal accounts .....................................................................................
P rofit and lo s s ..............................................................................................

$15,541
40 ,26 3
6, 000
12,750
4 ,3 3 4
2 2 ,8 2 8
140
1, 724
1,293
100

78
28
00
00
46
32
15
00
05
91

$104,975 95
DISBURSEMENTS
-------------------------$21,250 00
Loaned on m o rtg a g e..................................................................................
Loaned on shares.........................................................................................
5, 860 46
'Dues repaid on w ithdraw al, or applied on lo a n s ...........................
59,509 19
P a id borrow ed m oney and p rior m ortga ges....................................
4 ,0 0 0 00
P a id interest on borrow ed m oney and p rior m ortga ges...........
41 79
P a id salaries and clerk -h ire...................................................................
850 00
P a id advertising, prin tin g and p osta ge.............................................
219 10
P a id rent .......................................................................................................
240 00
P a id repairs t o real esta te.....................................................................
145 69
P a id taxes, insurance, e t c .......................................................................
715 64.
P aid banking departm ent, exam ination .............................................
19 50
P a id banking departm ent, assessm ent.........................
16 67
Advances fo r taxes, insurance, e t c ......................................................
999 55
P rofit and lo s s ..............................................................................................
16 66
A ccrued interest ........................................................................................
10,029 86
Cash on hand Decem ber 31, 1917..........................................................
1,061 84
$104,975 95
Plan, permanent. P a r value o f shares, $100 and $250. Instalm ents are
10 cents and 25 cents weekly.
Shares in fo rce Janu ary 1, 1917, 2,307; shares issued during the year, 238;
shares w ithdraw n du rin g the year, 132; shares in force, 2,413. B orrow ing
members, 22, h oldin g 358 shares; non-borrow ing members, 319, holding 2,055
shares. Fem ale shareholders, 163, h oldin g 1,144 shares. T ota l dividends
credited members du rin g the year on instalm ent shares, $11,311.37; rate, 5
per cent.
N o unpaid w ithdraw als. O perating expenses, as defined in section 390 o f
th e B anking Law , incurred and paid du rin g the year, $1,309.10. Unpaid,
none.
Prem ium plan, instalm ent. Interest paid b y borrow in g members, 6 per
cent. Prem ium pa id b y b orrow in g members, 21 cents per share per m onth
on old loans.
Loans have been m ade in New Y ork county, N ew Y ork State. Largest
m ortgage loan ou tstan din g, $7,500. M ortgages in force in N ew Y ork State,
$222,800. N o foreclosures du rin g the year.

TREMONT BUILDING AND LOAN ASSOCIATION
N o. 1931 W ash ington avenue, N ew Y ork , N. Y .
[Organized under Law o f 1851. Commenced business 1884]
Officers
President..........
Secretary..........
Treasurer.........
Attorney...........

3




Names
THOMAS C.
LEW IS...........
ROBERT I. LOMAS, J u ..
GEORGE W. R O EM ER...
THEODORE PI. FRIEND.

Post-office addresses
4260 Broadway.
1941 Concourse.
1739 Topping Avenue.
132 Nassau Street.

66

K eport

on

Savings

and

L oan A ssociations

ASSETS
L oan s on bond and m ortg a g e.................................................................
Loans on sh a res.........................................................................................
Stock s and b o n d s.................... ■
....................................................................
B ea l estate ...................................................................................................
Cash on hand and in b a n k .....................................................................

$ 9 4 ,1 0 0
4 ,0 9 0
400
4, 921
1,927

00
00
00
08
43

$104,998 51
LIABILITIES
D ue shareholders, d u e s .............................................................................
D ue shareholders, dividends credited'.................................................
U ndivided profits ......................................................................................
G uaran ty fun d (as p er section 392 o f B anking L a w ) ................

$ 8 0 ,4 4 9
17, 790
2 ,7 9 1
3 ,9 67

00
14
56
81

$104,998 51
RECEIPTS
Cash on hand J a n u a ry 1, 1917...............................................................
Dues credited to m em bers.......................................................................
M on ey b o r r o w e d .........................................................................................
M ortgages redeemed, foreclosed or transferred to real e s t a t e ..
Loans o n shares re p a id ............................................................................
Pees received ...............................................................................................
P ines r e c e iv e d ..............................................................................................
In terest received .......................................................................................
Preriiium r e c e iv e d .......................................................................................
C ollected on deficiency ju d g m en ts........................................................
L ib e rty bonds ..............................................................................................

$ 1 ,0 8 8 24
20 ,33 1 55
1, 800 00
18,700 00
345 00
14 50
15 14
5, 082 34
1 ,0 1 8 00
1 ,2 2 2 25
100 00
$49,717 02

DISBURSEMENTS
Loaned o n m o rtg a g e...................................................................................
L oaned o n shares........................................................................................
Dues repaid on w ith draw al, or applied on lo a n s .........................
P a id m atured shares ...............................................................................
D ividends .paid on w ith draw al, or applied on lo a n s ......................
P a id borrow ed m oney and p rior m ortga ges......................................
P a id interest on borrow ed m oney and p rior m ortga ges................
P a id salaries a nd clerk -h ire...................................................................
P a id advertising, p rin tin g and p osta g e............................................
P a id ren t .....................................................................................................
P a id taxes, insurance, e t c .......................................................................
P a id banking departm ent, exam in ation .............................................
P a id banking departm ent, assessm ent...............................................
Officers’ bonds ..............................................................................................
L ib e rty bonds ..............................................................................................
L egal expense ..............................................................................................
Cash on hand December 31, 1917........... ..............................................

$20, 300
1 ,3 70
9 ,2 8 6
9 ,5 0 0
1 ,634
4 ,3 0 0
39
600
37
72
247
16
7
30
500
250
1, 527

00
00
00
00
66
00
00
00
16
00
50
25
02
00
00
00
43

$49,717 02
P la n , serial. P a r value o f shares, $100. Instalm ents are 50 cents m onthly.
Shares in fo rce Ja n u a ry 1, 1917, 3,330; shares issued d u rin g th e year, 551;
shares w ithdraw n during the year, 5 7 2 ; shares in force, 3,309. B orrow in g
mem bers, 25, h oldin g 1,159 shares; non-borrow ing members, 100, h oldin g
2,150 shares. Fem ale shareholders, 64, h oldin g 1,497 shares. T o ta l d iv i­
dends credited members du rin g the year on instalm ent shares, $6,384.91;
rate, 7 per cent.




B roome County

67

N o unpaid w ithdraw als. A m oun t o f shares m atured du rin g th e year,
$9,500. M em bership fee, 50 cents. Operating expenses, as defined in section
390 o f the B anking Law , incurred and paid during th e year, $739.16. U npaid,
none.
Prem ium plan, instalm ent. Interest pa id b y b orrow in g members, 6 per
cent. Prem iu m p a id b y borrow in g members, 10 cents per share per month.
'Loans have been m ade in B ron x cou nty, New Y ork State. Largest m ort­
gage loan outstanding, $8,000.
M ortgages in force in N ew Y ork State,
$94,100. N o foreclosures du rin g th e year.

BROOME COUNTY
CO-OPERATIVE BUILDING AND LOAN ASSOCIATION OF BINGHAMTON,
NEW YORK
Room 418 S ecu rity M utual L ife B uilding, corner Exchange and C ou rt streets,
Bingham ton, N . Y .
[Organized under Law of 1851.
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................

Commenced business 1886]

Names
H. D. WHITMARSH...............
FREDERICK J. BAUMANN..
CHARLES D. MATTHEW’S . . .
E. DAY CLARK........................

Post-office addresses
Binghamton, N. Y.
416 Security Mut. Life Bldg.
Binghamton, N. Y.
Binghamton, N. Y.

ASSETS
Loans on bond and m ortga ge.........................
Loans on shares..................................................
Cash on hand and in b a n k ..............................
Furn itu re and fixtu res......................................

$221, 450
1 ,9 0 0
225
125

00
00
20
00

$223, 700 20
LIABILITIES
D ue shareholders, d u es.............................................................................
D ue shareholders, dividends cred ited ...................................................
B orrow ed m oney ........................................................................................
Undivided profits ......................................................................................
G uaranty fun d (a s per section 392 o f Banking L a w ) ..................

$165,893
15,916
30 ,84 0
6 ,121
4 ,9 2 8

00
38
97
44
41

$223, 700 20
RECEIPTS
Cash on hand Ja n u a ry 1, 1917..............................................................
Dues credited to m em bers.......................................................................
M oney borrow ed .................................................
M ortgages redeemed, foreclosed or transferred to real e s t a t e ..
Loans on shares re p a id ............................................................................
Fees received ...............................................................................................
Fines received .............................................................................................
In terest received .......................................................................................
D ividends retained on w ith draw a ls.................................
Advances repaid .........................................................................................




$44 63
39 ,87 6 50
56,281 72
3 3 ,5 0 0 00
426 00
63 25
83 58
13,237 04
232 39
8 00
$143,752 11

68

R eport

on

Savings

and

L oan A ssociations

DISBURSEMENTS
Loaned o n m ortga ge...................................................................................
Loaned on shares........................................................................................
Dues repaid o n w ithdraw al, or applied on lo a n s ...........................
P a id m atured shares..................................................................................
D ividends p a id on w ithdraw al, or app lied on lo a n s .....................
Cash dividends p a id on incom e and accum ulative prepaid
shares ................................................................................ , ......................
P a id 'borrowed m oney and p rior m ortga ges.....................................
P a id interest o n borrow ed m oney and p rior m ortga ges............
P a id salaries a nd clerk -h ire...................................................................
P a id advertising, p rin tin g and p osta g e.............................................
P a id ren t ......................................................................................................
P a id taxes, insurance, e t c ........................................................................
P a id banking departm ent ......................................................................
Officers’ b o n d s ..............................................................................................
A u ditin g com m ittee ..................................................................................
Cash on hand Decem ber 31, 1917..........................................................

$49, 400
500
2 1 ,3 0 0
3 ,4 5 4
1,6 74

00
00
00
38
77

4, 562
59 ,61 5
1 ,796
775
12
120
235
35
30
15
225

93
16
19
00
43
00
07
98
00
00
20

$143,762 11
P la n , serial. P a r valu e o f shares, $200. Instalm ents are $1 m onthly.
Shares in force J a n u a ry 1, 1917, 2,270; shares issued du rin g the year, 51 2 ;
shares w ithdraw n du rin g the year, 3 05; shares in force, 2,477. B orrow in g
m em bers, 110, h old in g 1,134 shares; n on-borrow ing members, 99, h oldin g
1,343 shares. Fem ale shareholders, 70, h oldin g 884 shares. T ota l dividends
credited members d u rin g th e year on instalm ent shares, $3,939.50; rate, 5
p er cent. T o ta l dividends credited or p a id in cash to m em bers du rin g the
yea r o n oth er shares, $4,562.93; ra te, 5 per cent.
N o unpaid w ithdraw als. A m oun t o f shares m atured du rin g th e year,
$3,454.38. Entrance fee, 10 cents and 25 cents per share. O perating expenses,
as defined in section 390 o f th e Banking Law , incurred and paid du rin g the
year, $952.43. U npaid, none.
P rem ium plan, instalm ent. Interest p a id b y borrow in g members, 6 per
cent. N o prem ium charged.
Loans have been m ade in B room e cou nty, N ew Y ork State. L argest m ort­
gage loan ou tstan din g, $6,000. (Mortgages in force in N ew Y ork State,
$221,450. N o foreclosures du rin g th e year.

HOME MUTUAL LOAN AND SAVINGS ASSOCIATION OF BINGHAMTON,
NEW YORK
N o. 18 C ourt street, B ingham ton, N . Y .
[Organized under Law of 1851.
Officers
President....................
Secretary.....................
Treasurer................. ..
Attorney.....................

Commenced business 1889]

Names
Post-office addresses
W. H. HECOX................................................ Binghamton, N. Y.
WILLIAM A. JOHNSON............................. Binghamton, N. Y.
W. P. SHERWOOD........................................ Binghamton, N. Y.
M. E. PAGE...................................................
Binghamton, N. Y.

ASSETS
L oans on bond and m ortg a g e.................................................................
L oans on shares............................................................................................
C on tracts fo r the sale o f real esta te....................................................
Cash on hand and in b a n k .....................................................................
F u rn itu re and' fix tu res..............................................................................
A dvances fo r taxes, insurance, e t c ......................................................




$49, 697
1,45.3
1 ,999
3 ,7 7 4
200
62

73
00
18
44
00
17

$48,186 52

B roome County
LIABILITIES
Due shareholders, du es.............................................................................
D ue shareholders, dividends cred ited .................................................
Borrowed.' m oney ........................................................................................
U ndivided profits ................................................. .....................................
G uaranty fu n d ( as per section 392 o f Banicing L a w ) ................

69

$ 37,825
3, 751
5 ,0 0 0
79
1 ,5 3 0

28
86
00
38
00

$ 48,186 52
RECEIPTS
Cash on hand Janu ary 1, 1917...............................................................
Dues credited to m em bers.......................................................................
M ortgages redeemed, foreclosed or tran sferred to real esta te. .
Loans on shares re p a id .............................................................................
Fees r e c e iv e d ................................................................................................
Interest received ........................................................................................
D ividends retained on w ith d raw a ls....................................................
C ontracts fo r the sale o f real esta te ....................................

$1 ,07 8
6 ,1 65
6, 637
380
1
2 ,8 4 3
8
50

66
21
86
00
50
59
80
00

$17,165 62
DISBURSEMENTS
Loaned on m o rtg a g e...................................................................................
Loaned on shares.......................................................................................
Dues repaid on w ithdraw al, o r applied on lo a n s ...........................
P a id m atured shares.................................................................................
D ividends p a id on w ithdraw al, or applied on lo a n s ....................
Cash dividends paid on incom e and accum ulative prepaid
shares .........................................................................................................
P a id borrow ed m oney and p rior m ortga ges.....................................
P a id interest on borrowed' m oney and p rior m ortga ges..............
P aid salaries and clerk -h ire.........................................................
P a id advertising, p rin tin g and p osta ge.............................................
P a id rent .....................................................................................................
Officers’ bonds ............................................................................................
Advances fo r taxes, insurance, e t c ........................................................
B u rgla ry insurance ...................................................................................
Insurance, furn itu re and fix tu res.........................................................
Office expense ...............................................................................................
Cash on hand December 31, 1917..........................................................

$700
100
5 ,2 1 0
2 ,5 0 7
333

00
00
18
22
61

1,079
2 ,5 0 0
450
300
42.
60
25
45
6
6
25
3 ,7 74

16
00
00
00
35
00
00
28
38
66
34
44

$17,165 62
P lan, permanent. P ar value o f shares, $100, $200, $300 and $500. In stal­
m ents are 25 cents weekly.
Shares in force Janu ary 1, 1917, 5 68; shares issued during the year, 154;
shares w ithdraw n durin g the year, 144; shares in force, 578. B orrow ing
members, 13, h oldin g 106 shares; non-borrow ing mem bers, 87, h oldin g 472
shares.
Fem ale shareholders, 33, h oldin g 165 shares.
T ota l dividends
credited m em bers durin g th e year on instalm ent shares, $898.09; rate, 5
per cent. T ota l dividends credited o r pa id in cash to members du rin g the
yea r on other shares, $1,079.16; rate, 5 per cent.
N o unpaid w ithdraw als.
A m ount o f shares m atured during the year,
$2,507.22. M em bership fee, 25 cents per member. O perating expenses, as
defined in section 390 o f the B anking Law , incurred and p a id du rin g the year,
$465.73. U npaid, none.
N o prem ium plan. In terest paid by b orrow in g members, 6 per cent. N o
prem ium charged.
Loans have been made in B room e cou nty, N ew Y ork State. L argest m ort­
gage loan outstanding, $3,500.
M ortgages in force in N ew Y ork State,
$40,697.73. N o foreclosures during the year.




70

R eport

on

Savings

and

L oan A ssociations

CATTARAUGUS COUNTY
GOWANDA CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION
N o. 37 M ain street, Gowanda, N . Y .
[Organized under Law of 1851.
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................

Commenced business 1888]

Names
Post-office addresses
C. J. HOWARD.................................................. Gowanda, N. Y.
FRANKLIN J. HERDEG..............................
Gowanda, N. Y.
FRANKLIN J. HERDEG.............................. Gowanda, N. Y.
FRED J. BLACKMON..................................... Gowanda, N. Y.

ASSETS
Loans on bon d and m ortg a g e.................................................................
L oan s on shares............................................................................................
S tock s and b on d s.........................................................................................
C ontracts fo r the sale o f real esta te...................................................
R ea l estate ...................................................................................................
Cash on hand and in b a n k .......................................................................
F u rn itu re a nd fix tu res..............................................................................
Interest, prem ium , fees and fines due and u n p a id ........................
A ccru ed interest ........................................................................................

$ 9 04,575
38,421
108,310
5 ,1 2 8
5 ,5 0 0
164,417
850
1,081
6 ,3 1 8

69
35
53
00
00
78
00
91
09

$ 1 ,2 3 4 ,6 0 3 35
L IA B IL IT IE S

D ue shareholders, d u es............................................................................. $ 1 ,1 2 4 ,4 3 4
D u e shareholders, dividends cred ited ..................................................
52,581
U ndivided p r o f i t s .......................................................................................
40,4*98
17, 000
G u aran ty fun d (as per section 392 o f Banking L a w ) ................
L ig h t ...............................................................................................................
4
G as ..................................................................... ............................................
12
Telephone ......................................................................................................
4
A dv ertisin g and p r in tin g ........................................................................
65

08
88
47
00
69
90
75
68

$ 1 ,2 3 4 ,6 0 3 35
R E C E IP T S

Cash o n hand Ja n u a ry 1, 1917...............................................................
D ues credited t o m em bers........................................................................
M ortgages redeemed, foreclosed or transferred to real e s t a t e ..
Loans on shares re p a id ............................................................................
Fees received ...............................................................................................
F in es r e c e iv e d ..............................................................................................
In terest received ........................................................................................
R en t r e c e iv e d ...............................................................................................
D ividends retained on w ith d raw a ls.........................................•
............
R e a l estate co n tra ct..................................................................................
Bonds ..............................................................................................................
L ib e rty bonds ..............................................................................................

$90,761
800, 938
137, 589
34 ,75 6
361
25
60 ,28 7
182
725
480
300
2 ,9 5 0

25
40
65
26
75
34
74
50
75
00
00
00

$ 1 ,1 2 9 ,3 5 8 64
DISBURSEMENTS*

Loaned on m o rtg a g e...................................................................................
Loaned o n shares............................................................................*...........
Dues repaid o n w ithdraw al, or applied on lo a n s ...........................
P a id m atured shares.................................................................................
D ividends p a id on w ith draw al, or applied on lo a n s ..................




$219,942
4 7 ,9 8 5
535,5 5 8
5 2 ,5 2 8
3 ,0 1 9

42
76
92
33
93

Cattaraugus County

11

Cash dividends paid on incom e and accum ulative prepaid
shares ..........................................................................................................
P a id interest on borrow ed m oney and p rior m ortga ges..............
P a id salaries and clerk -h ire...................................................................
P aid advertising, p rin tin g and p osta ge.............................................
P a id rent ......................................................................................................
P aid repairs to real esta te.....................................................................
P a id taxes, insurance, e t c .......................................................................
P a id banking departm ent, exa m in a tion .............................................
P a id banking departm ent, assessm ent...............................................
S ta te league d u es............................................................
L ig h t and fu e l..............................................................................................
Telephone .....................................................................................................
Cleaning ........................................................................................................
W a ter .............................................................................................................
B ook s and s ta tion ery ................................................................................
A u d itin g ........................................................................................................
N igh t w atchm an ........................................................................................
A ttorn ey ........................................................................................................
Incidentals ...................................................................................................
L ib erty bonds pu rch a sed..........................................................................
Cash on hand Decem ber 31, 1917........................................................

$21,0 7 9
180
3 ,2 4 3
418
45
171
204
68
59
13
149
70
38
11
133
6
7
55
48
7 9 ,00 0
164,417

91
97
45
60
00
20
61
23
94
00
86
45
00
00
75
00
00
90
63
00
78

$ 1 ,1 2 9 ,3 5 8 64
P lan , permanent. P a r value o f -shares, $125. Instalm ents are 25 cents
weekly.
Shares in force J a n u a ry 1, 1917, 7,533; shares issued du rin g the year, 1,447;
shares w ithdraw n during the year, 1,484; shares in force, 7,496. B orrow in g
members, 346, h oldin g 2,378 shares; n on-borrow ing members, 1,091, holding
5,118 shares. Fem ale shareholders, 571, holding 2,589 shares. T ota l d iv i­
dends credited mem bers during th e year on instalm ent shares, $17,307.19;
rate, 6 per cent. T ota l dividends credited o r paid in cash to members durin g
the yea r o n oth er shares, $27,593.45; rate, 3 per cent., 4 % per cent, and 6
per cent.
N o unpaid w ithdraw als. A m oun t o f shares m atured du rin g the year,
$52,528.33. E ntrance fee, 25 cents per share. O perating expenses, as defined
in section 390 o f the B anking L aw , incurred and paid du rin g the year,
$4,240.64. O perating expenses, as defined in section 390 o f the Banking Law,
incurred du rin g the year and rem aining unpaid, $88.02.
P rem ium plan, instalm ent. Interest paid b y b orrow in g members, 6 per
cent. . Prem ium pa id b y borrow in g members, 2 % cents per share per week.
Loans have been made in C attaraugus, Chautauqua and E rie counties, New
Y ork State. L argest m ortgage loan outstanding, $8,000. M ortgages in force
in N ew Y o rk State, $904,575.69. N o foreclosures during the year.

OLEAN BUILDING, LOAN AND SAVINGS ASSOCIATION
N o. 109 N orth street, Olean, N . Y .
[Organized under Law o f 1861.
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................

Commenced business 1892]

Names
CHAS. W. S M IT H .............. .
F. V. R. STILLMAN...........
ALLAN R. WILLIAMS___
CREIGHTON S. ANDREW'S

ASSETS
Loans o n bond and m ortg a g e...........................
Loans on shares.....................................................




Post-office addresses
.........
..........
...........
.........

Olean,
Olean,
Olean,
Olean,

N.
N.
N.
N.

Y.
Y.
Y.
Y.

$65, 909 00
1,573 00

T2

R eport

on

Savings

and

L oan A ssociations

Stocks and bonds .....................................................................................
C ontracts fo r the sale of real esta te.................................................
Cash on hand and in b a n k .....................................................................
B alance, cou n ty clerk’s office.................................................................

$100
103
4 ,9 1 7
15

00
00
04
09

$72,608 13
LIABILITIES
D ue shareholders, d u e s .........................................................................
D ue shareholders, dividends cred ited ................................................
B orrow ed m oney
.....................................................................................
U ndivided profits .....................................................................................
G uaran ty fun d (as per section 392 o f Banking L a w ) ..................

$54,903
8 ,8 4 3
5 ,5 0 0
800
2, 560

57
75
00
81
00

$72,608 13
RECEIPTS
Cash on hand Janu ary 1, 1917...............................................................
Dues credited to m em bers........................................................................
M oney b o r r o w e d ..........................................................................................
M ortgages redeemed, foreclosed or tran sferred t o real e s t a t e ..
Loans on shares re p a id ............................................................................
In terest received ........................................................................................
Prem ium received ......................................................................................
D ividends retained on w ith draw a ls....................................................
Contracts fo r the sale o f real esta te....................................................
L ib erty bonds ..............................................................................................
C ou nty clerk ................................................................................................

$3 ,12 2
2 0 ,33 5
5 ,5 0 0
7, 500
2, 593
3 ,5 0 1
1 ,0 8 0
54
1,4 36
. 300
8

49
77
00
00
00
15
32
23
02
00
89

$45,431 87
DISBURSEMENTS
Loaned on m o rtg a g e...................................................................................
L oaned on sh a res........................................................................................
Dues rep aid on w ithdraw al, or applied on lo a n s...........................
P a id m atured sh a res..................................................................................
D ividends p a id on w ithdraw al, or applied on lo a n s ......................
Cash dividends p a id on incom e and accum ulative prepaid
shares ........................................................................................................
P a id borrow ed m oney and p rior m ortga ges....................................
P a id in terest on borrow ed m oney and p rior m ortga ges..............
P a id salaries a n d clerk -h ire..................................................................
P a id a dvertisin g, p rin tin g and p osta ge.............................................
P a id ren t ......................................................................................................
P a id banking departm ent, exa m in a tion .............................................
P a id banking departm ent, assessm ent...............................................
L ib erty bonds pu rch ased........................................................................
M ortgage ta x ..............................................................................................
Cash on hand Decem ber 31, 1917..........................................................

$ 9 ,10 0
2 ,2 01
10,988
8 ,9 7 4
798

00
00
97
46
00

128
6 ,3 0 0
135
1 ,0 4 0
235
132
31
5
400
44
4 ,9 1 7

44
00
76
00
76
00
25
19
00
00
04

$45,431 87
P lan , perm anent. P a r value o f shares, $100. Instalm ents are 20 cents
weekly.
Shares in force J a n u a ry 1, 1917, 1,864; shares issued du rin g th e year, 406;
shares w ithdraw n durin g the year, 2 97; shares in force, 1,973. B orrow ing
members, 67, h oldin g 659 shares; non-borrow ing members, 295, h old in g 1,314
shares.
Fem ale shareholders, 207, h oldin g 1,327 shares. T o ta l dividends
credited members during the year on instalm ent shares, $2,740.77; rate, 5
per cent. T ota l dividends credited or pa id in cash to mem bers durin g the
year on oth er shares, $156.53; rate, 3 % per cent.




Cattaraugus County
N o u npaid w ithdraw als.
Am ount o f shares m atured du rin g the year,
$8,974.46. O perating expenses, as defined in section 390 o f the Banking Law,
incurred and pa id durin g the year, $1,407.76. U npaid, none.
Prem ium plan, instalm ent. Interest paid by b orrow in g mem bers, 10 cents
per share per week. Prem ium paid b y b orrow in g mem bers, 15 cents per
share per month.
•Loans have been made in Cattaraugus county, N ew Y ork State. Largest
m ortgage loan outstanding, $6,000. M ortgages in force in New Y ork State,
$65,900. N o foreclosures du rin g the year.

SALAMANCA LOAN AND BUILDING ASSOCIATION
N o. 10 A tla n tic street, Salam anca, N . Y.
[Organized under Law of 1851.
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................

Commenced business, 1882]

Names
Post-office addresses
ED. BOLARD.................................................
Salamanca, N. Y.
JOHN HOAG.................................................
Salamanca, N. Y.
EDWARD P. HOY.........................................
Salamanca, N. Y.
HUDSON ANSLEY....................................... Salamanca, N. Y.
ASSETS

L oan s on bond and m o r t g a g e ........................................ %
......................
Cash on hand and in b a n k .. ...................................... ........................
Furniture and fix tu res..............................................................................
Advances fo r taxes, insurance, e t c ........................................................
A ttorney, a d v a n c e s ....................................................................................

$ 5 4 1,2 5 0
12,306
100
110
40

00
64
00
80
90

$553,808 34
LIABILITIES
D ue shareholders, d u e s ............................................................................
Due shareholders, m atured shares........................................................
D ue shareholders, dividends cred ited.................................................
Balance to be paid borrow ers on m ortgage lo a n s..........................
Borrow ed m o n e y .........................................................................................
Undivided profits .......................................................................................
G uaran ty fu n d (as per section 392 o f Banking L a w ) ..................
Unearned o r rebatable prem iu m ..........................................................

$421,366
250
75,575
1,875
25 ,34 0
80
12,881
16,439

20
00
36
00
62
01
58
57

$553,808 34
RECEIPTS
Cash on hand Janu ary 1, 1917............................................................
Dues credited to m em bers.......................................................................
M oney borrow ed .........................................................................................
M ortgages redeemed, foreclosed or transferred t o real esta te. . .
Fines r e c e iv e d ..............................................................................................
Interest r e c e iv e d ........... .............................................................................
Prem ium r e c e iv e d .......................................................................................
D ividends retained on w ith draw a ls......................................................
Advances r e p a i d .........................................................................................
R e n t .................................................................................................................




$13,595
117,216
30,462
72,125
194
25,653
3,7 12
712
93
42

75
61
00
00
57
72
50
16
57
00

$263,807 88

74

R eport

ok

S ayings

and

L oan A ssociations

DISBURSEMENTS
Loaned on m o rtg a g e...................................................................................
Dues repaid on w ithdraw al, o r applied on lo a n s ...........................
P aid m atured s h a r e s .................................................................................
D ividends pa id on w ithdraw al, o r applied on lo a n s ....................
P a id borrow ed m oney and p rior m ortga ges....................................
P a id interest on borrow ed m oney and p rior m ortga ges.............
P a id salaries and c le r k -h ir e ......................
P a id advertising, p rin tin g and p osta g e ..........................................
P a id rent .......................................................................................................
P aid taxes, insurance, e t c ........................................................................
P a id banking departm ent, exa m in a tion .............................................
P a id banking departm ent, a ssessm en t...............................................
Advances fo r taxes, insurance, e t c ........................................................
State League d u es...................................
R efund o f p r e m iu m ...................................................................................
T e le p h o n e ...................... . .............................................................................
Fuel and lig h t ..............................................................................................
G leaning o f f ic e ..............................................................................................
Supplies .........................................................................................................
Cash on hand Decem ber 31, 1917..........................................................

$ 63,125
6 8 ,4 1 6
64,231
7 ,6 1 4
4 3 ,7 0 8
1 ,8 35
1 ,3 5 0
175
216
16
35
34
144
10
507
24
16
13
24
12,306

00
86
80
44
84
36
00
55
00
00
00
27
91
00
90
34
50
50
97
64

$263,807 88
Plan, serial. P a r valu e o f shares, $125. Instalm ents are 25 cents w eekly.
Shares in fo rce Janu ary 1, 1917, 8,618; shares issued du rin g the year,
1061; shares w ithdraw n du rin g the year, 1,636; shares in force, 8,043. B or­
row in g members, 479, h oldin g 4,265 shares; non-borrow ing mem bers, 429,
h oldin g 3,778 shares. Fem ale shareholders, 448, holdin g 2,563 shares. T ota l
dividends credited mem bers du rin g the year on instalm ent shares, $25,550.40;
rate, 6 per cent.
N o unpaid w ithdraw als. A m oun t o f shares m atured during the year,
$64,231.80. O perating expenses, as defined in section 390 o f the B anking Law ,
incurred and paid d u rin g th e year, $1,850.86. Unpaid, none.
Prem ium plan, gross. In terest paid b y b orrow in g members, 6 per cent.
Prem ium s paid by b orrow in g members, 6 per cent.
Loans have been m ade in Cattaraugus cou nty, N ew Y ork State. Largest
m ortgage loan outstanding, $25,000. M ortgages in force in N ew Y ork State,
$541,250. T w o foreclosures du rin g the year.

CHAUTAUQUA

COUNTY

DUNKIRK SAYINGS AND LOAN ASSOCIATION
N o. 229 Central avenue, D unkirk, N . Y .
[Organized tinder Law of 1851. Commenced business 1889]
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney......................

Names
Post-office addresses
HENRY SMITH.............................. 528 Duer Street.
WILLIAM T. MADIGAN........... 229 Central Avenue.
JAMES M. MADIGAN................. Merchants National Bank.
8. .T. KARIN............. ....................... Post-office Building.
ASSETS
L oans on bond and m o rtg a g e.................................................................
$286,000 00
Loans on shares............................................................................................
1,5 00 00
Stocks and b o n d s.........................................................................................
2 ,5 0 0 00
Cash on hand and in b a n k ........................................................................
12,306 95
F u rn itu re and fixtu res..............................................................................
367 89
Interest, prem ium , fees and fines due and u n p a id .........................
352 34




$303,027 18

T5

C hautauqua County
LIABILITIES
D ue shareholders, du es..............................................................................
D ue shareholders, dividends cred ited .................................................
Balance to be paid borrow ers on m ortgage lo a n s ...........................
U ndivided profits .......................................................................................
G uaranty fun d (as per section 392 o f B anking L a w ) ................

$265,523
23 ,14 1
5 ,3 0 0
3 ,6 4 5
5 ,4 1 6

31
53
00
74
60

$303,027 18
RECEIPTS
============
Cash on hand J anu ary 1, 1917...............................................................
$11,819 45
122,995 28
D ues cred ited to m em bers.......................................................................
M oney borrow ed .........................................................................................
3 ,0 0 0 00
. M ortgages redeemed, foreclosed or transferred to real e s t a t e ..
39,600 00
Loans on shares re p a id ................................................................
700 00
R eal estate s o l d .........................................................................................
1 ,940 00
Fees r e c e iv e d ................................................................................................
601 50
Fines r e c e iv e d ................................................................................
174 61
Interest r e c e iv e d .........................................................................................
13,670 60
70 00
R ent r e c e iv e d ................................................................ . ............................
D ividends retained on w ith d raw a ls......................................................
509 34
Sale o f old pass b o o k s .................... .........................................................
1 68
$195,082 46
DISB U R SEM E N TS

Loaned on m o rtg a g e...................................................................................
Loaned on shares.........................................................................................
Dues repaid on w ithdraw al, or applied on lo a n s ...........................
P aid m atured shares..................................................................................
D ividends pa id on w ithdraw al, or applied on lo a n s ....................
P aid borrow ed m oney and p rior m ortga ges......................................
P a id interest on borrow ed m oney and p rior m ortga ges..............
P aid salaries and clerk -h ire...................................................................
P aid advertising, p rin tin g and p o s ta g e .............................................
P aid rent ......................................................................................................
P aid repairs to real esta te.....................................................................
P aid taxes, insurance, e t c .......................................................................
P aid banking departm ent, exa m in a tion ............................................
P a id banking departm ent, assessm ent...............................................
State League d u es.......................................................................................
V a u lt r e n t ....................................................................................................
B ook s and sta tion ery ................................................................................
Telephone, ligh t and clea n in g..............................................................
L iberty bonds pu rch ased..........................................................................
Cash on hand Decem ber 31, 1917..........................................................

------- ■
-------------------

$ 77,750
1,000
4 8,105
4 5 ,0 0 5
2 ,5 0 8
4 ,0 0 0
23
1 ,4 00
37
75
210
46
24
16
7
20
17
27
2 ,5 0 0
12,306

00
00
89
97
95
00
46
00
00
00
00
74
12
28
00
00
59
51
00
95

$195,082 46
P lan , serial. P a r value o f shares, $100. Instalm ents are 25 cents weekly.
Shares in force January 1, 1917, 8,240; shares issued du rin g the year,
2,373; shares w ithdraw n du rin g the year, 1,920; shares in force, 8,6'93. B or­
row in g members, 294, h oldin g 2,912. shares; non-borrow ing members, 1,379,
h oldin g 5,781 shares. Fem ale shareholders, 847, holding 3,566 shares. T ota l
dividends credited mem bers du rin g th e year on instalm ent shares, $12,304.67;
rate, 5 per cent.
N o unpaid w ithdraw als. Am ount o f shares m atured du rin g the year,
$45,005.97. Entrance fee, 25 cents per share. O perating expenses, as defined
in section 390 o f the B anking Law , incurred and paid during the year,
$1,584.10. U npaid, none.
N o prem ium plan. Interest paid b y b orrow in g members, 10 cents per share
per week. N o prem ium charged.
Loans have been made in Chautauqua county, N ew Y ork State. Largest
m ortgage loan outstanding, $5,000. M ortgages in force in New Y ork State,
$286,000. N o foreclosures du rin g th e year.




76

R ei>
ort

on

Savings

and

L oan A ssociations

L A K E SH ORE SA V IN G S A N D LO AN A SSO CIA TIO N
N o. 18 E ast Second street, D unkirk, N . Y .
[Organized under Law of 1S51. Commenced business 1891]
Officers
Names
Post-office addresses
President.......................
DANIEL
SCANNELL........
211 Park Avenue.
S e cre ta ry ...............- JOHN J. MADIGAN....................... .113 West Fourth Street.
Treasurer...................
C. C. COOLEY.................................
Lake Shore Nat. Bank.
Attorney.....................
J. L. HURLBERT........................... 18 East Second Street.
ASSETS
L oan s on bond and m ortg a g e.................................................................
Stocks and bon d s.........................................................................................
Cash on hand and in b a n k .......................................................................
A dvances fo r taxes, insurance, e t c ........................................................
In divid u a l a c c o u n t s ...................................................................................

$254,450
1 ,000
1,3 81
5
230

00
00
91.
40
30

$257,067 61
LIABILITIES
D ue shareholders, du es..............................................................................
D ue shareholders, dividends cred ited .................................................
Balance to be p a id borrow ers on m ortgage lo a n s .........................
U n divided profits .......................................................................................
G uaran ty fu n d (a s per section 392 o f Banking L a w ) ................

$208,357
4 0 ,2 3 6
2 ,5 0 0
1 ,371
4 ,6 0 1

29
90
00
79
63

$257,067 61
RECEIPTS
Cash on hand Janu ary 1, 1917............................................................
D ues credited to m em bers........................................................................
M on ey b o r r o w e d .........................................................................................
M ortgages redeemed, foreclosed' or transferred to real e s ta te ..
Fees r e c e iv e d ................................................................................................
F ines r e c e iv e d ..............................................................................................
In terest r e c e iv e d .........................................................................................
A dvances r e p a i d .........................................................................................

$9 ,87 9
5 3 ,82 3
5 ,0 0 0
35 ,24 2
304
93
12,205
38

18
30
00
75
16
94
15
33

$116,586 81
DISBURSEMENTS!
L oan ed on m o rtg a g e...................................................................................
D ues repaid on w ithdraw al, or applied on lo a n s ...........................
P a id m atured shares...................................................................................
D ividends p a id on w ith draw al, or applied on lo a n s ......................
P a id borrow ed m oney and p r io r m ortga ges....................................
P a id in terest on borrow ed m oney and p rio r m ortga ges..............
P a id salaries and clerk -h ire...................................................................
P a id advertising, prin tin g and p osta ge.............................................
P a id ren t .......................................................................................................
P a id bank in g departm ent, assessm ent...............................................
Advances fo r taxes, insurance, e t c ........................................................
S tate League du es.......................................................................................
Insurance .......................................................................................................
E xpress ...........................................................................................................
L ib e rty bonds pu rch ased..........................................................................
Entrance fees retu rn ed .................................
Cash on hand Decem ber 31, 1917..........................................................




$69,6 0 0
2 4 ,9 6 3
6 ,0 8 6
3 ,7 1 7
9 ,0 0 0
153
600
13
25
14
5
6
9

00
28
60
57
00
18
00
70
00
49
40
00
00
68
1 ,0 00 00
10 00
1,3 81 91

$116,586 81

C hautauqua County

77

Plan, perm anent serial. P a r value o f shares, $100. Instalm ents are 10
cents weekly.
Shares in force Janu ary 1, 1917, 9,347; shares issued du rin g the year,
3,040; shares w ithdraw n du rin g the year, 1,556; shares in force, 10,831.
B orrow in g mem bers, 164, h oldin g 3,174 shares; non-borrow ing members, 555,
h oldin g 7,657 shares. Fem ale shareholders, 268, holding 3,263 shares. Total
dividends credited mem bers du rin g the year on instalm ent shares, $11,346.10;
rate, 5 % per cent.
N o unpaid w ithdraw als. A m oun t o f shares m atured d u rin g the year,
$6,086.60. Entrance fee, 10 cents per share. O perating expenses, as defined
in section 390 o f the Banking Law , incurred and paid durin g the year,
$654.33. U npaid, none.
N o prem ium plan. Interest paid b y b orrow in g members, 5 % per cent. N o
prem ium charged.
L oan s have been made in Chautauqua county, New Y ork State. Largest
m ortgage loan outstanding, $5,863. M ortgages in force in N ew Y ork State,
$254,450. Tw o foreclosures du rin g th e year.

SILVER CREEK CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION
N o. 10 M ain street, S ilver Creek, N. Y .
[Organized under Law of 1894. Commenced business 1909]
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney......................

Names
Post-office addresses
C. S. HOLMES.............................................. SilverCreek,
N.Y.
W. J. BRAND................................................ SilverCreek,
N.Y.
HOWARD M. MONTGOMERY.................. SilverCreek,
N.Y.
CARLTON B. LIVERMORE......................
SilverCreek.
N.Y.

ASSETS
Loans on bond and m ortg a g e.................................................................
Loans on shares............................................................................................
Stocks and b o n d s.........................................................................................
Cash on hand and in b a n k .......................................................................
Furn itu re and fix tu res..............................................................................

$40,050
565
2 6 ,00 0
33
81

00
00
00
14
75

$66,729 89
LIABILITIES
Due shareholders, d u es..............................................................................
D ue shareholders, dividends cred ited ....................................................
B orrow ed m o n e y .........................................................................................
U ndivided profits .......................................................................................
G uaranty fun d (as per section 392 o f Banking L a w ) ..................

$52,898
2 ,1 3 6
9 ,9 0 0
1 ,249
544

75
81
00
62
71

$66,729 89
RECEIPTS
Cash on hand J anu ary 1, 1917..............................................................
D ues credited to m em bers.......................................................................
M oney b o r r o w e d ............................. •..........................................................
M ortgages redeemed, foreclosed or transferred to real e s t a t e ..
Loans on shares re p a id ............................................................................
Fees r e c e iv e d ................................................................................................
Fines r e c e iv e d .................................... *.......................................................
In terest r e c e iv e d .........................................................................................

$863 96
38,067 97
18,425 00
11,114 56
1,1 55 00
94 25
21 18
3 ,1 4 3 03
$72,884 95

DISBURSEMENTS
Loaned on m o rtg a g e ..................................................................................
Loaned on shares.........................................................................................
Dues repaid on w ithdraw al, or applied on lo a n s ...........................
P a id m atured sh a res..................................................................................




$7,000
600
15,179
13,953

00
00
19
32

78

R eport

on

Savings

and

L oan A ssociations

D ividends paid on w ithdraw al, or applied on lo a n s .......................
Cash dividends paid on incom e and accum ulative prepaid
shares .........................................................................................................
P a id borrow ed m oney and p rior m ortga ges....................................
P a id interest on borrow ed m oney and p r io r m ortg a g es................
P a id salaries and clerk -h ire...................................................................
P a id advertising, p rin tin g and posta ge.............................................
P eid rent ......................................................................................................
P a id banking departm ent, assessm ent...............................................
Officers’ b o n d s ..............................................................................................
State League du es.......................................................
R ecord in g m ortgages an d m ortgage t a x .............................................
L ib e rty bonds pu rch ased..........................................................................
Cash on hand Decem ber 31, 1917..........................................................

$360 3T

445 00
8 ,5 2 5
539
150
18
26
3
12
3
35
2 6 ,00 0
33

00
61
00
74
00
73
00
00
85
00
14

$ 7 2 ,8 8 4 95
P lan , permanent. P a r value o f shares, $100. Instalm ents are 25 cents
w eekly.
Shares in fo rce J a n u a ry 1, 1917, 1,066; shares issued du rin g th e year,
7 8 4 % ; shares w ithdraw n during the year, 4 09; shares in force, 1,441% . B or­
row in g members, 28, h oldin g 278 shares; n on-borrow ing members, 342, holdin g
1,163% shares. Fem ale shareholders, 106, h oldin g 155 shares. T ota l d iv i­
dends credited members durin g the yea r on instalm ent shares, $1,786.74; rate,
7 % per cent. T ota l dividends credited! or paid in cash t o m em bers durin g
th e year on oth er shares, $445; rate, 5 per cent.
N o u n paid w ithdraw als. A m oun t o f shares m atured du rin g th e year,
$13,440.19. Entrance fee, 25 cents per share. O perating expenses, a s defined
in section 390 o f th e B anking L aw , incurred and p a id d u rin g th e year, $245.59.
U npaid, none.
N o prem ium plan. In terest pa id b y b orrow in g members, 5 % per cent. N o
prem ium charged.
L oan s have been m ade in Chautauqua cou n ty, N ew Y ork State. L argest
m ortga ge loan outstanding, $5,000. M ortgages in force in N ew Y ork State,
$40,050. N o foreclosures du rin g the year.

CHEMUNG COUNTY
THE CHEMUNG VALLEY MUTUAL LOAN ASSOCIATION
N o. 121 E a st Church street, E lm ira, N . Y .
[Organized under Law o f 1851. Commenced business 1875. Reorganized under
Law of 1894]
Officers
Names
Post-office addresses
OLAY W. HOLMES------410 W. Gray Street.
President.
GEORGE H. DAVIDSON
121 East Church Street.
Secretary.
MILTON Y. SMITH------Second National Bank.
Treasurer
511 Robinson Bldg.
CASSIUS A. PHILLIPS
Attorney.
ASSETS
L oan s on bond and m ortg a g e................................................................. $ 1 ,8 1 8 ,6 4 7
L oan s on shares...........................................................................................
77 ,25 0
Stocks and b o n d s.........................................................................................
50 ,00 0
C ontracts fo r the sale o f real esta te....................................................
1,017
Cash on hand and in b a n k .......................................................................
40,211
F u rn itu re and f i x t u r e s . . . . .....................................................................
907
Instalm ents due and u n p a id .....................................
4 ,1 4 5
Interest, prem ium , fees and fines due and u n p a id .........................
379
A dvances fo r taxes, insurance, e tc ......................................................
821




38
00
00
45
46
40
83
20
55

$ 1 ,9 9 3 ,3 8 0 27

Chemung C ounty

TO

LIABILITIES
Due shareholders, d u e s ............................................................................ $ 1 ,6 2 3 ,1 7 9
Due shareholders, matured shares........................................................
400
D ue shareholders, dividends cred ited .................................................
221,350
Balance to be paid borrow ers on m ortgage loa n s.......................
7 ,1 7 0
B orrow ed m o n e y .........................................................................................
99 ,00 0
U ndivided profits .......................................................................................
4 ,2 3 3
G uaranty fun d (a s per section 392 o f Banking L a w ) ..................
34 ,54 5
Installm ents p r e p a i d ................................................................................
3 ,2 8 8
In terest p r e p a i d .........................................................................................
212

82
00
01
00
00
60
17
82
85

$ 1 ,9 9 3 ,3 8 0 27
RECEIPTS
Cash on hand J anu ary 1, 1917...............................................................
Dues credited to m em bers. . ...................................................................
M oney b o r r o w e d ...................
M ortgages redeemed, foreclosed or transferred to real e s t a t e ..
Loans on shares re p a id ............................................................................
Real estate s o ld ...........................................................................................
Fees r e c e iv e d ................................................................................................
• Fines r e c e iv e d ..............................................................................................
Interest r e c e iv e d .........................................................................................
D ividends retained on w ith draw a ls......................................................
Advances r e p a i d .........................................................................................
Juvenile banks s o ld .....................................................................................

$18,881
385,386
139,000
187,665
49,050
180
1,401
822
9 4 ,91 4
1,4 74
815
13

30
19
00
35
00
00
00
35
24
93
83
00

$879,604 19
DISBURSEMENTS
Loaned on m o rtg a g e..................................................................................
Loaned on shares.........................................................................................
Dues repaid on w ithdraw al, or applied on lo a n s .............................
P aid m atured s h a r e s ................................................................................
D ividends paid on w ithdraw al, or applied on lo a n s ....................
Cash dividends paid on incom e and accum ulative prepaid
shares .........................................................................................................
P aid borrow ed m oney and p rior m ortga ges....................................
P aid interest on borrow ed m oney and p rior m ortga ges...........
P a id salaries and clerk -h ire...................................................................
P aid advertising, prin tin g and p osta ge.............................................
P a id rent ......................................................................................................
P a id banking departm ent, exam ination .............................................
P a id banking departm ent, assessm ent...............................................
Advances fo r taxes, insurance, e t c ......................................................
Sundry e x p e n s e s .........................................................................................
A ppraisals ....................................................................................................
F u rn itu re and fix tu res..............................................................................
Juvenile banks retu rn ed............................................................................
L ib e rty bonds pu rch ased.........................................................................
Cash on hand D ecem ber 31, 1917........................................................

$291,680
4 2 ,3 0 0
2 25,938
126,600
14,407

00
00
69
00
14

19,734
60,000
1,647
4 ,7 4 0
157
700
113
109
443
294
372
147
8
50 ,00 0
40,211

36
00
24
00
63
00
87
16
33
06
00
25
00
00
46

$879,604 19
Plan, serial. P a r value o f shares, $200. Instalm ents are $1 m onthly.
Shares in force Janu ary 1, 1917, 19,014; shares issued during the year,
3,571; shares w ithdraw n during the year, 2,593; shares in force, 19,992.
B orrow in g members, 1,530, h oldin g 11,624 shares; n on-borrow ing members,
846, holdin g 8,368 shares. Fem ale shareholders, 1,204, holdin g 7,732 shares.
Total dividends credited members during the year on instalm ent shares,
$61,053.13; rate, 5 % per cent. Total dividends credited or paid in cash to
mem bers during the year on other shares, $22,637.66; rate, 4 per cent.




80

R eport

on

Savings

L oan A ssociations

and

A m ount o f filed and unpaid -withdrawals D ecem ber 31, 1917, $400. Am ount
o f shares m atured du rin g the year, $127,000. Entrance fee, 25 cents per
share. O perating expenses, as defined in section 390 o f the Banking Law,
incurred and p a id during the year, $6,263.69. U npaid, none.
Prem ium plan, gross. Interest paid b y b orrow in g mem bers, 5 1 /1 0 per
cent. N o prem ium charged.
Loans have been made in Chemung county, N ew Y ork State. Largest
m ortgage loan outstanding, $25,000. M ortgages in force in N ew Y ork State,
$1,818,647.38. N o foreclosures during the year.

ELMIRA CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION
N o. 157 L ake street, E lm ira, N . Y .
[Organized under Law of 1887.
Officers
President.....................
Acting Secretary----Acting Treasurer----A ttorn ey....................

Commenced business 1888]

Names

Post-office addresses

HENRY L. ROSENBAUM...................................
RUTH A. SPENCER.............................................
RUTH A. SPENCER..............................................
HERSCHEL L. GARDNER................................

Elmira,
Elmira,
Elmira,
Elmira,

N. Y.
N. Y.
N. Y.
N. Y.

ASSETS
Loans on bond and m ortg a g e.................................................................
L oan s on shares............................................................................................
Stocks and b on d s.........................................................................................
Cash on hand and in b a n k ........................................................................
F u rn itu re and fix tu res..............................................................................
Instalm ents due and u n p a id ...................................................................
In terest, prem ium , fees and fines due and u n p a id .........................

$460,250
2 5 ,2 5 0
9 ,2 00
2 ,8 8 4
100
2 ,2 6 2
1 ,8 62

00
00
00
93
00
00
74

$501,809 67
LIABILITIES
D ue shareholders, d u es..............................................................................
Due shareholders, dividends cred ited .................................................
B orrow ed m o n e y .........................................................................................
U ndivided p r o f i t s .......................................................................................
G uaran ty fund (as per section 392 o f B anking L a w ) .................
In stallm en t dues p rep a id ..........................................................................

$413,358
5 3 ,36 4
2 5 ,0 0 0
998
8 ,9 5 2
136

00
73
00
91
03
00

$501,809 67
RECEIPTS
Cash on hand January 1, 1917...............................................................
D ues credited to m em bers........................................................................
M oney borrow ed .......................................................................................
M ortgages redeemed, foreclosed or transferred t o real e s t a t e .. .
L oa n s on shares rep a id ..............................................................................
Fees r e c e iv e d ................................................................................................
Fines received ..............................................................................................
In terest r e c e iv e d .........................................................................................
R en t r e c e iv e d ...............................................................................................
D ividends retained on w ith d raw a ls......................................................
A dvances r e p a i d .........................................................................................




$ 1 ,31 6
9 1 ,20 6
15,600
4 4 ,0 0 0
20 ,42 5
232
263
2 4 ,19 7
41
259
21

51
00
00
00
00
25
19
11
42
59
66

$197,562 73

CilEMUNG COUNTY
DISBURSEMENTS
Loaned on m o rtg a g e..................................................................................
Loaned on shares.........................................................................................
Dues repaid on w ithdraw al, or applied on lo a n s ...........................
P aid m atured shares...................................................................................
D ividends paid on w ithdraw al, or applied on lo a n s ......................
Cash dividends paid on incom e and accum ulative prepaid
shares .........................................................................................................
P aid borrow ed m oney and prior m ortga ges......................................
P a id interest on borrow ed m oney and p rior m ortga ges...........
P aid salaries and clerk-h ire...................................................................
P aid advertising, p rin tin g and p osta g e.............................................
P aid rent .......................................................................................................
P aid banking departm ent, exa m in a tion .............................................
P a id banking departm ent, assessm ent...............................................
Sundry e x p e n s e s ............................
A ppraisals ....................................................................................................
Juvenile banks redeem ed..........................................................................
L ib erty bonds pu rch ased..........................................................................
Cash on hand Decem ber 31, 1917..........................................................

81

$60,250
21 ,50 0
4S,450
22 ,40 0
4 ,7 9 2

00
00
00
00
03

4 ,8 4 9
10,600
1,256
1,809
195
61
47
28
159
72
7
9 ,200
2 ,8 84

12
00
27
67
46
14
50
46
15
00
00
00
93

$197,562 73
Plan, serial. P a r value o f shaves, $200. Instalm ents are $1 m onthly.
Shares in force Janu ary 1, 1917, 6,442; shares issued du rin g th e year,
1,204; shares w ithdraw n durin g the year, 953; shares in force, 6,693. B or­
row in g members, 218, h oldin g 2,943 shares; non-borrow ing members, 377,
holdin g 3,750 shares. Fem ale shareholders, 246, holding 1,962 shares. T ota l
dividends credited members durin g the year on instalm ent shares, $14,889.86;
rate, 4 % per cent. T ota l dividends credited or paid in cash t o mem bers du r­
ing the year on oth er shares, $9,941.38; rate, 4 per cent.
N o unpaid w ithdraw als. Am ount o f shares m atured du rin g th e year,
$22,400. Entrance fee, 25 cents per share. O perating expenses, as defined
in section 390 o f th e B anking L aw , incurred and paid du rin g the year,
$2,297.42. U npaid, none.
Prem ium plan, gross. In terest paid b y b orrow in g members, 5 1 /1 0 per cent.
N o premium charged.
Loans have been m ade in Chemung county. New Y ork State. L argest
m ortgage loan outstanding, $8,900. M ortgages in force in New Y ork State,
$460,250. N o foreclosures du rin g the year.

THE ELMIRA MUTUAL BUILDING-LOAN ASSOCIATION
N o. 258 State street, E lm ira, N . Y .
[Organized under Law of 1892. Commenced business 1893]
Officers
Secretary.....................

Names
Post-office addresses
CHAS. J. DeLANEY....................................
258 State Street.

ASSETS
Cash on hand and in b a n k .......................................................................
P rofit and lo s s ..............................................................................................

$2 ,32 4 15
2 ,6 2 8 86
$4 ,95 3 01

LIAB ILITIES
Due shareholders, dues ................................................................. .........
D ue shareholders, dividends cred ited ...................................... .........
D ue shareholders, division o f assets........................................ .........




$ 1,898 17
753 36
2 ,3 01 48
$4 ,95 3 01

82

R eport

on

Savings

and

L oan A ssociations

r e c e ip t s

Cash on hand Janu ary 1, 1917..............................................................
M ortgages redeemed, foreclosed or transferred to real esta te. .
In terest r e c e iv e d .........................................................................................
Checks returned ............................................................................'. ..........

$ 4,269
956
135
66

84
52
26
54

$ 5,428 16
DISBURSEMENTS'
P a id salaries and clerk -h ire...................................................................
P a id advertising, p rin tin g and p osta ge.............................................
P a id banking d e p a rtm e n t.......................................................................
C ollection and exch ange............................................................................
N o ta ry fees ..................................................................................................
S t o r a g e ...........................................................................................................
L oss on real estate m ortg a g e.................................................................
A ssets d i v i d e d ..............................................................................................
Cash on hand Decem ber 31, 1917.........................................................

$120
6
11
38
1
10
16
2 ,9 0 0
2 ,3 2 4

00
50
25
23
25
00
24
54
15

$5 ,42 8 16
Plan, serial. P a r value o f shares, $100.' Installm ents are 50 cents and $1
m onthly.
Shares in force Janu ary 1, 1917, 1 ,3 2 3 % ; shares issued during the year,
n o s e ; shares w ithdraw n du rin g th e year, 6 73; shares-in force, 6 5 0 % . N on ­
b orrow in g members, 69, h oldin g 650% shares. Fem ale shareholders, 5, h old­
in g 58 shares.
N o unpaid w ithdraw als. Operating expenses, as defined in section 390 of
th e Banking Law , incurred and paid du rin g the year, $174.73. U npaid, none.
N o prem ium plan. N o prem ium charged.
N o m ortgage loans outstanding. N o foreclosures du rin g the year.

CHENANGO COUNTY
THE CHENANGO CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION
OF NORWICH, N. Y.
N o. 182 B road street, N orw ich , N . Y .
[Organized under Law o f 1887.
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................

Commenced business 1888]

Names
Post-office addresses
F. JOE SCHORN............................................... Norwich, N. Y.
CHARLES C. M cN ITT.....................................
Norwich, N. Y.
A. J. BRAMER...................................................
Norwich, N. Y.
IRA H. HYDE.....................................................
Norwich, N. Y.

ASSETS
L oan s on bond and m ortg a g e.................................................................
L oan s on shares...........................................................................................
Stock s and b on d s.........................................................................................
Shares o f Land Bank o f State o f N ew Y o r k ....................................
R ea l e s t a t e ....................................................................................................
Cash on hand and in b a n k .....................................................................
F u rn itu re and fix tu res..........................................................................
A dvances fo r taxes, insurance, e t c ..................................................




$272,010
12,010
15,000
1,000
10 ,30 0
4 ,6 3 4
1,207
35

31
50
00
00
00
95
59
31

$316,198 66

Chenango County
LIABILITIES
D ue shareholders, d u e s .............................................................................
Due shareholders, dividends cred ited...............................................
B alance to be paid borrowers on m ortgage lo a n s.......................
Borrow ed m oney .......................................................................................
U ndivided p r o f i t s .......................................................................................
G uaranty fund (as per section 392 o f Banking L a w ) ................

83

$242,389
45,089
239
15,000
5 ,079
8 ,4 0 0

44
94
50
00
78
00

$316,198 66
RECEITTS
Cash on hand January 1, 1917............................................................
Dues credited to m em bers.....................................................................
M oney borrow ed .......................................................................................
M ortgages redeemed, foreclosed or transferred to real e s ta t e ..
Loans on shares re p a id ............................................................................
Fees received ..............................................................................................
Fines received .........................................................................................
Interest received .....................................................................................
Bent received ............................................................................................
Dividends retained on w ith draw als...................................................
Pass books ..................................................................................................

$12,141
6 7 ,7 3 3
15,000
6 0 ,00 3
12,053
35
19
16,731
530
1 ,1 4 6
17

24
95
00
42
50
00
26
70
79
30
50

$185,412 66
DISBURSEMENTS
Loaned on m o r tg a g e ..............................................................................
Loaned on shares.......................................................................................
Dues repaid on w ithdraw al, or applied o n lo a n s...........................
P aid m atured shares..............................................................................
Dividends paid on w ithdraw al, or applied on lo a n s .....................
C ash dividends pa id on incom e and accum ulative prepaid
shares .......................................................................................................
P a id in terest on borrow ed m oney and p rior m ortga ges............
P a id salaries and cle r k -h ir e ,..............................................................
P a id advertising, prin tin g and p osta g e ..........................................
P a id taxes, insurance, e t c .....................................................................
P a id banking departm ent, exam in ation ..........................................
P a id banking departm ent, assessm ent...............................................
Interest on advance d u es........................................................................
L ib e rty bonds pu rch ased..........................................................................
Cash on hand Decem ber 31, 1917........................................................

$ 6 0 ,4 7 4
6 ,0 3 0
58 ,37 2
33,600
3 ,6 1 3

29
00
14
00
25

1 ,647 24
140 63
1 ,1 4 0 00
198 81
410 39
107 43
1961
23 92
15,000 00
4 ,6 3 4 95
$185,412 66

P lan, serial. P a r value o f shares, $200. Instalm ents are $1 m onthly
Shares in force Janu ary 1, 1917, 2,803; shares issued during th e year,
44 5 ; shares w ithdraw n during the year, 6 78; shares in force, 2,570. B orrow ­
in g members, 233, b oldin g 1,354 shares; non-borrow ing members, 213, hold­
in g 1,216 shares.
Fem ale shareholders, 189, holding 957 shares.
Total
dividends credited members during the year on instalm ent shares, $10,670.89;
rate, 6 per cent. T ota l dividends credited or paid in cash to members during
the year on the oth er shares, $3,954.79; rate, 4 per cent.
N o unpaid w ithdraw als.
Am ount o f shares m atured du rin g the year,
$33,600.
Entrance fee, 50 cents per certificate.
O perating expenses, as
defined in section 390 o f the Banking Law , incurred and paid du rin g the
year, $1,338.81. U npaid, none.
N o prem ium plan. Interest paid b y b orrow in g members, 6 per cent. N o
prem ium charged.
Loans have been made in Chenango county, New Y ork State. Largest
m ortgage loan outstanding, $3,600. M ortgages in force in N ew Y ork State,
$272,010.13. One foreclosure du rin g the year.




84:

R eport

on

Savings

and

L oan A ssociations

COLUMBIA COUNTY
HUDSON SAVINGS AND LOAN ASSOCIATION
N o. 346 W arren street, H udson, N. Y .
[Organized under Law of 1910. Commenced business. 1 9.11 ]
Officers
Names
Post-office addresses
President.....................
Secretary.....................
Treasurer...................
Attorney.....................

DELBERT DINEHART........................................
E. C. VAN LOAN...................................................
E. C. VAN LOAN...................................................
L. R. TILDEN.........................................................

ASSETS
L oan s on bond and m o rtg a g e ............................................................
L oans on shares..........................................................................................
Stocks an d b o n d s.......................................................................................
Cash on hand and in b a n k .....................................................................
F u rn itu re and fix tu res............................................................................

Hudson,N.
Hudson,N.
Hudson,N.
Hudson,N.

Y.
Y.
i.
Y.

$69,823
580
100
17
15

50
00
00
90
00

$70,536 40
LIABILITIES
Due shareholders, d u es............................................................................
D ue shareholders, dividends cred ited ..................................................
B orrow ed m oney .......................................................................................
U ndivided profits .....................................................................................
G uaran ty fund, (a s per section 392o f B anking L a w ) ..................

$56,6 4 5
7 ,0 8 6
4 ,4 5 0
1 ,5 42
811

00
96
00
93
51

$70,536 40
RECEIPTS
Cash on hand Janu ary 1, 1917............................... •
...........................
D ues credited to m em bers.....................................................................
M oney borrowed. .......................................................................................
M ortgages redeemed, foreclosed or transferred to real e s t a t e ..
L oan s on shares r e p a id ..........................................................................
Fees received ..............................................................................................
F ines received ...........................................................................................
In terest received .......................................................................................
D ividends retained on w ith draw a ls....................................................
A dvances repaid .......................................................................................

$ 1 ,15 5
13,679
9 ,8 0 0
3 ,8 6 0
2 ,4 8 5
37
89
3 ,7 6 5
148
12

17
00
00
00
00
00
49
11
46
00

$35,031 23
DISBURSEMENTS
L oan ed on m o rtg a g e...................................................................................
Loaned on shares.......................................................................................
D ues repaid on w ithdraw al, or applied on lo a n s .........................
D ividends paid on w ith draw al, or applied on lo a n s ....................
Cash dividends pa id on incom e and accum ulative prepaid
shares .........................................................................................................
P a id borrow ed m oney and p rior m ortga ges..................................
P a id interest on borrow ed m oney and p rior m ortga ges.............
P a id salaries and clerk -h ire.................................................................
P a id advertising, p rin tin g and p osta g e...........................................
P a id banking departm ent, exa m in a tion ...........................................
P a id banking departm ent, assessm ent...............................................
Officers’ b o n d s ............................................................................................
A dvances fo r taxes, insurance, e t c ......................................................
S tate League d u es.....................................................................................
In spectors o f e lection ..............................................................................




$20,400
600
7 ,3 3 2
734

00
00
00
84

85 50
5 ,3 5 0 00
42 03
250 00
46 40
1375
4 36
12 00
12 00
5 00
2 00

C olumbia County '

85

A u d ito r’s fees ...........................................................................................
T raveling expenses ..................................................................................
L ib erty bond pu rch ased.........................................................................
Mem bership fee retu rn ed.......................................................................
Cash on hand December 31, 1917........................................................

$20
1
100
2
17

00
45
00
00
90

$35,031 23
Plan, serial. P a r value o f shares, $200. Instalm ents are $1 m onthly.
Shares in force January 1, 1917, 1,097; shares issued during the year,
186; shares w ithdraw n du rin g the year, 167; shares in force, 1,116. B orrow ­
in g m em bers, 41, h oldin g 426 shares; n on-borrow ing members, 155, holdin g
690 shares. Fem ale shareholders, 34, holdin g 198 shares. T ota l dividends
credited members d u rin g the year on instalm ent shares, $2,770.49; rate 5
per cent. T ota l dividends credited or paid in cash to members d u rin g the
year on other shares, $95.12; rate 5 per cent.
N o unpaid w ithdraw als. Entrance fee, 25 cents per share. O perating
expenses, as defined in section 390 o f the Banking Law , incurred and paid
du rin g the year, $338.85. U npaid, none.
N o prem ium plan. Interest paid by b orrow in g members, 6 per cent. N o
prem ium charged.
L oan s have been made in C olum bia county, New Y ork State. Largest
m ortgage loan outstanding, $5,600. M ortgages in force in New Y ork State,
$69,823.50. N o foreclosures during the year.

STUYVESANT FALLS BUILDING AND LOAN ASSOCIATION
Stuyvesant F alls, N . Y .
[Organized under Law o f 1851. Commenced business 1881]
Officers
President....................
Secretary.....................
Treasurer...................
Attorney......................

Names
JAMBS R. HUGHES.........................
LB ROY DRUMM...........................
DORR ALLEN ................................
WILLIAM GRAF...............................

Post-office addresses
Stuyvesant Falls, N. Y.
Stuyvesant Falls. X. Y.
Stuyvesant Falls, N. Y.
Hudson, N. Y.

ASSETS
Loans on bond and m ortg a g e.................................................................
Loans on shares...........................................................................................
Cash on hand and in b a n k .....................................................................

$14,325 00
565 00
54 30
$14,944 30

LIABILITIES
-------------------------D ue shareholders, d u es...........................................................................
$11,099 00
D ue shareholders, dividends cred ited..................................................
2 ,3 2 4 01
B orrow ed m oney ........................................................................................
905 00
U ndivided profits ....................................................................................
209 63
G uaranty fund (as per section 392 of Banking L a w ) ................
406 60
$14,944 30
RECEIPTS
------------------------Cash on hand Janu ary 1, 1917.............................................................
$1 23
Dues credited to m em bers......................................................................
2 .5 95 70
M oney borrow ed .........................................................................................
1, 604 00
M ortgages redeemed, foreclosed or transferred to real e s t a t e ..
1. 090 00
Fees received ...............................................................................................
9 00
Fines received ............................................................................: ...............
10 05
Interest received ........................................................................................
888 14
D ividends retained on w ith draw a ls......................................................
1 68




$6,109 80

86

R epoet

on

Savings

and

L oan A ssociations

DISBURSEMENTS
Loaned on m o rtg a g e...................................................................................
D ues repaid on w ithdraw al, o r applied on lo a n s .........................
P a id m atured shares..................................................................................
D ividends pa id on w ithdraw al, or applied on loa n s.......................
P a id borrow ed m oney and p rio r m ortga ges....................................
P a id interest on borrow ed m oney and p rior m ortga ges...........
P a id salaries and clerk -h ire...................................................................
P a id advertisin g, prin tin g and p osta ge.............................................
P a id banking departm ent, exa m in a tion ...........................................
P a id banking departm ent, assessm ent..............................................
Cash on hand ‘D ecem ber 31, 1917........................................................

$800
405
1 ,0 0 0
61
3 ,6 0 0
104
50
19
13
1
54

00
00
00
50
00
98
00
02
10
90
30

$6 ,10 9 80

P lan , serial. P a r value o f shares, $200. Instalm ents are $1 m onthly.
^Shares in fo rce J a n u a ry 1, 1917, 191; shares issued du rin g th e year, 3 8 ;
shares w ithdraw n du rin g the year, 14; shares' in force, 215. B orrow in g
m em bers, 18, h oldin g 95 shares; n on-borrow ing members, 38, h oldin g 120
shares. Fem ale shareholders, 14, h oldin g 40 shares. T ota l dividends credited
mem bers durin g th e year on instalm ent shares, $665.04; rate, 6 per cent.
N o unpaid w ithdraw als. A m oun t o f shares m atured du rin g the year,
$1,000. M em bership fee, $1. O perating expenses, as defined in section 390
o f the Banking Law , incurred and paid d u rin g the year, $69.02. U npaid, none.
N o prem ium plan. In terest paid b y b orrow in g members, 6 per cent. N o
prem ium charged.
Loans have been made in C olum bia and Rensselaer counties, N ew Y ork
State. L argest m ortgage loan outstanding, $1,400. M ortgages in force in
N ew Y o rk State, $14,325. N o foreclosures d u rin g the year.

CORTLAND COUNTY
THE CENTURY CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION
[Organized
Officers
President.....................
Secretary.....................
Treasurer...................

E a st M ain street, M arathon, N . Y .
under Law of 1894. Commenced business 1895]
Names
Post-office addresses
FIRED H. SW IFT........................................... Marathon, N. Y.
A. C. BAKER................................................. Marathon, N. Y.
E. L. COURTNEY......... .................................. Marathon, N. Y.

ASSETS
Loans on bond and m ortg a g e.................................................................
L oans on shares............................................................................................
Stocks and b on d s........................................................................................
R eal estate ...................................................................................................
Cash on hand and in b a n k .........................................................................
F u rn itu re and fixtu res..............................................................................

$22,975
2 ,1 7 5
100
662
317
11

00
00
00
96
65
20

$26,241 81
LIABILITIES
D ue shareholders, d u e s.............................................................................
D ue shareholders, dividends credited'.................................................
U ndivided profits .......................................................................................
G uaranty fund (as per section 392 o f B anking L a w ) ................




$22, 453
3 ,1 3 4
74
578

65
84
41
91

$26,241 81

Cortland C ounty

87

RECEIPTS
Cash on hand Janu ary 1, 1917..............................................................
Dues credited to m em bers.......................................................................
M oney b orrow ed . . . . ' ...............................................................................
M ortgages redeemed, foreclosed or transferred t o real e s t a t e ..
Loans on shares re p a id ............................................................................
Fees received ...............................................................................................
Fines r e c e iv e d ..............................................................................................
In terest received ........................................................................................
D ividends retained on w ith d raw a ls...................................................
A ttorn ey’ s fees ...........................................................................................
L ib erty bonds ..............................................................................................

$727
5, 625
1 ,9 00
850
1 ,9 05
7
48
1,3 95
19
1
500

62
73
00
00
00
00
41
26
47
25
00

$12,979 74
DISBURSEMENTS
Loaned on m o rtg a g e..................................................................................
Loaned on shares........................................................................................
Dues repaid on w ithdraw al, or applied on lo a n s ...........................
P a id m atured shares.................................................................................
D ividends paid on w ithdraw al, o r applied on lo a n s .......................
P a id borrow ed m oney and p rior m ortga ges.....................................
P a id interest o n borrow ed m oney and p r io r m ortga ges...............
P a id fo r real e sta te...................................................................................
P aid salaries and cle rk -h ire ...................................................................
P a id advertising, p rin tin g and p osta ge............................................
P a id banking departm ent, assessm ent...............................................
M ortgage t a x ...............................................................................................
A ttorn ey’s fees ...........................................................................................
L ib erty bonds pu rch ased..........................................................................
Cash on hand Decem ber 31, 1917..........................................................

$600
1,925
1,555
3 ,9 13
264
2, 950
22
662
150
9
2
3
4
600
317

00
00
20
20
04
00
63
96
00
41
55
00
10
00
65

$12,979 74
P lan, permanent. P a r value of shares, $100. Instalm ents a re 50 cents
and $1 m onthly.
Shares in force Ja n u a ry 1, 1917, 684; shares issued du rin g the year, 2 8 ;
shares w ithdraw n du rin g th e year, 6 3 ; shares in force, 649. B orrow in g
mem bers, 24, h oldin g 265 shares; non-borrow ing members, 58, h oldin g 384
shares. Fem ale shareholders, 23, holdin g 95 shares. T o ta l dividends credited
members du rin g th e year on instalm ent shares, $1,243.78; rate, 6 % per cent.
N o unpaid w ithdraw als. A m oun t of shares m atured du rin g year, $3,913.20.
Entrance fee, 25 cents per share. O perating expenses, as defined in section
390 o f the B anking Law , incurred and paid du rin g the year, $169.06. U npaid
none.
N o prem ium plan. In terest paid b y b orrow in g members, 6 per cent. No.
prem ium charged.
Loans have been m ade in B room e and C ortland counties, N ew Y o rk State.
L argest m ortgage loan outstanding, $2,700. M ortgages in force in New
Y ork State, $22,975. N o foreclosures du rin g the year.

DIME SAVINGS AND LOAN ASSOCIATION
N o. 56 M ain street, C ortland, N . Y .
[Organized under Law of 1910. Commenced business 1911]
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................




Names
FREDERICK B. NOURSE
W. A. STOCKWELL___
FRANK J. PECK...............
A. J. BUCK...........................

Post-office addresses
Cortland.
Cortland,
Cortland,
Cortland,

X.
N.
N.
N.

Y.
Y.
Y.
Y.

88

R eport

on

Savings

and

L oan A ssociations

assets
Loans o » bond and m o r t g a g e .................................................................
Loans o n shares .......................................................................................
Stocks a nd bonds .......................................................................................
Shares o f L and Bank o f S ta te o f N ew Y o r k .....................................
R ea l estate ..................................................................................................
Gash on hand and in b a n k .....................................................................
In terest, prem ium , fees and fines due and u n p a id .............................
$4,198 65
Instalments due and unpaid...........................................

$ 8 7 ,7 5 0
1 ,4 0 0
1, 000
1 ,000
3 ,3 0 6
1 ,6 34
123

00
00
00
00
22
03
24

$96,2 1 3 49
LIABILITIES
D ue shareholders, d u e s ............................................................................
D ue shareholders, dividends cred ited .................................................
B orrow ed m oney .......................................................................................
Advances b y L a n d 'B ank..................................•
.......................................
U n divided p r o f i t s .......................................................................................
G uaran ty fund (a s per section 392 o f B anking L a w ) ............

$ 6 1 ,9 7 2
6 ,2 3 2
11, 000
1 4 ,00 0
2 ,4 8 2
526

30
33
00
00
09
77

$ 9 6 ,2 1 3 49
RECEIPTS
Cash on hand J a n u a ry 1, 1917.............................................................
D ues credited to m em bers.....................................................................
M on ey borrow ed .........................................................................................
M ortgages redeemed, foreclosed or transefrred to real e s t a t e ..
L oan s on salaries re p a id ..........................................................................
Fees received ..............................................................................................
In terest received .......................................................................................
P rem ium r e c e iv e d .......................................................................................
D ividends retained on wit-hdrawls ....................................................

$1 ,95 1
1 6 ,62 0
9 ,0 0 0
6 ,6 0 0
1 ,175
59
4, 330
1 ,2 99
53

81
75
00
00
00
35
56
18
94

$41, 090 59
DISBURSEMENTS
Loaned on m ortgage .................................................................................
Loaned on shares .....................................................................................
D ues repaid o n w ith draw al, or applied on lo a n s ............................ D ividends pa id on w ithdraw al, or applied on lo a n s ....................
Cash dividends pa id on incom e and accum ulative prepaid
shares ................ . ......................................................................................
P a id borrow ed1m oney a nd p rior m ortga ges......................................
P a id interest on borrow ed m oney and p r io r m ortga ges............
P a id fo r re a l estate .................................................................................
P a id salaries and clerk-hire .................................................................
P a id advertising, p rin tin g and postage ...........................................
P a id rent .......................................................................................................
P a id banking departm ent, a s se s s m e n t...............................................
Officers’ bonds ............................................................................................
State League d u e s .....................................................................................
L ib erty bonds purchased ........................................................................
Cash on hand Decem ber 31, 1917 ........................................................

$15, 700 00
1, 330 00
9, 829 44
243 18
604
5, 500
1 ,183
3 ,3 0 6
503
83
150
5
12
5
1 ,0 00
1, 634

86
00
49
22
43
04 •
00
90
00
00
00
03

$41,0 9 0 59

P la n , perm anent. P a r valu e o f shares, $100. Instalm ents are 10 cents
w eekly.
Shares in fo rce J a n u a ry 1, 1917, 2,357; shares issued d u rin g th e year,
5 9 3 % ; Shares w ithdraw n d u rin g the year, 3 58; shares in force, 3,092% .




D elaware County

89

B orrow in g members, 44 holding 1,003 shares; non-borrow ing mem bers, 151,
h oldin g 2,089% shares. Fem ale shareholders, 91, h oldin g 918% shares.
T otal dividends credited members du rin g the year on instalm ent shares,
$2,512.46; rate, 6 per cent. T ota l dividends credited or paid in cash t o m em ­
bers du rin g the year on other shares, $604.86; rate, 4 % per cent.
N o unpaid w ithdraw als. E ntrance fee, 10 cents per share. O perating
expenses, as defined in section 390 o f th e Banking Law , incurred and paid
du rin g th e year, $753.47. U npaid, none.
Prem ium plan, prem ium -interest. In terest paid b y b orrow in g members,
10 cents per week per share. Prem ium pa id b y b orrow in g members, 3 cents
per week per share.
L oans have been m ade in C ortla n d county, N ew Y ork State. Largest
m ortgage loan outstanding, $4,500. M ortgages in force in N ew Y ork State,
$87,750. One foreclosure du rin g the year.

DELAW ARE COUNTY
THE WALTON CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION
N o. 136 D elaw are street, W a lton , N . Y .
[Organized
Officers
President.....................
Secretary.....................
Treasurer......................
Attorney.....................

under Law of 1894. Commenced business 1907]
Names
Post-office addresses
HENRY W. RETZ...............................................
Walton. N. Y.
BLANCHE L. Y EN D ES...................................
Walton. N. Y.
ROBERT
B. ST. JOHN ....................... Walton. N. Y.
A. G. PATTERSON............................................. Walton, N. Y.

ASSETS
Loans and bond and m ortgage ............................................................
Loans on shares .......................................................................................
Shares o f Land Bank o f S ta te o f New Y o r k ......................................
Cash on hand and in b a n k .....................................................................

$ 3 3 ,0 0 0
1, 642
1, 000
1, 003

00
00
00
77

$36,645 77
LIAB ILITIES
D ue shareholders, dues ............................................................................
D ue shareholders, dividends cred ited ..................................................
B orrow ed m o n e y .........................................................................................
Undivided profits .......................................................................................
G uaranty fund (as per section 392 o f B anking L a w ) ..................

$20,654
3 ,6 6 2
1,500
1,5 22
307

00
45
00
25
07

$36,645 77
RECEIPTS
Cash on hand J a n u a ry 1, 1917............................................................
Dues credited t o members .....................................................................
M oney borrow ed .........................................................................................
M ortgages redeemed, foreclosed or transferred to real e s t a t e ..
Loans on shares repaid ..........................................................................
Fees received ..............................................................................................
F ines r e c e iv e d ..............................................................................................
Interest received .................
D ividends retained on w ith d r a w a ls .....................................................




$401
7, 872
3, 750
2, 550
450
32
11
2 ,1 3 7
57

16
00
00
00
00
00
06
23
12

$17, 260 56

90

K eport

on

Savings

and

L oan A ssociations

DISBURSEMENTS
Loaned o n m ortgage ..............................................................................
Loaned on s h a r e s .......................................................................................
D ues repaid on w ithdraw al, or applied on lo a n s .............................
D ividends pa id on w ith draw al, or applied on l o a n s ....................
Cash dividends p a id on incom e and accum ulative prepaid
shares .........................................................................................................
P a id borrow ed m oney an d p r io r m o r t g a g e s ..................................
P a id interest o n borrowed' m oney and p rior m o r t g a g e s ...........
P a id salaries and clerk-hire .................................................................
P a id advertising, p rin tin g and p osta g e.............................................
P a id banking departm ent, a s s e s s m e n t...............................................
Officers’ bonds ...........................................................................................
A dvances fo r taxes, insurance, e tc ........................................................
S ta te L eagu e dues .....................................................................................
B ook ...................................................................................................."------Cash on hand Decem ber 31, 1917........................................................

$ 4 ,4 0 0
442
2 ,7 4 8
880

00
00
00
77

120
7 ,7 5 0
243
120
22
3
16

70
00
31
00
74
02
00
75
3 00
50
$1 ,00 3 77
$ 1 7 ,2 6 0 56

P lan , permanent. P a r value o f shares, $200. Instalm ents a re $1.00
m onthly.
Shares in fo rce J a n u a ry 1, 1917, 5 6 9 % ; shares issued during the year,
127; shares w ithdraw n d u rin g th e year, 4 4 ; shares in force, 652% . B or­
row in g mem bers, 31, h oldin g 203 shares; n on-borrow ing members, 97, h oldin g
449% shares. Fem ale shareholders, '39, h oldin g 2 07% shares. T ota l d iv i­
dends credited mem bers d u rin g th e year on instalm ent shares, $1,200.26;
rate, 5 % per cent. T o ta l dividends credited o r paid in cash t o mem bers
du rin g the yea r on other shares, $126.70; rate, 4 per cent.
N o unpaid w ithdraw als. E ntrance fee, 25 cents per share. O perating
expenses, a s defined in section 390 o f th e [Banking Law , incurred and pa id
d u rin g the year, $162.24. U npaid, none.
P rem ium plan, gross. In terest pa id b y b orrow in g mem bers, 6 per cent.
N o prem ium charged.
L oa n s have been m ade in D elaw are cou nty, N ew Y ork State. L argest
m ortga ge loan outstanding, $5,000. [Mortgages in force in N ew Y ork State,
$33,000. N o foreclosures du rin g the year.

DUTCHESS COUNTY
THE HOME CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION
N o. 47 M arket street, Poughkeepsie, N . Y .
[Organized under Law of 1887. Commenced business 1888. Reorganized under
Laws o f 1894]
Officers
Names
Post-office addresses
President..................... GEORGE W. E R IE G E R .. . .
Poughkeepsie, N. Y.
Poughkeepsie. N. Y.
Secretary..................... CLARENCE DE LAMATER
Treasurer...................
GUILFORD DUDLEY...........
Poughkeepsie, N. Y.
Attorney.....................
JOHN J. MYLOD....................
Poughkeepsie, N. Y.
ASSETS
L oan s on bond and m ortgage ......................................
...
$687, 300 00
2 7 ,1 0 0 00
L oan s o n shares ..............................................................
3, 350 00
Stock s and b o n d s ..............................................................
2 ,9 6 5 62
B ea l e s t a t e ............................................................................
Cash o n h an d a n d in bank ..........................................
21, 099 75
F u rn itu re and fixtures .................................................
298 88
In stalm en ts du e and u n p a i d ........................................
2,77764
$819 85
Interest, premium, fees and fines due and unpaid.




$744,891 89

D utchess C ounty
LIABILITIES
Due sheraholders, d u e s ............................................................................
D ue shareholders, m atured shares ...................................................
D ue shareholders, dividends credited ...............................................
Balance to be paid borrow ers on m ortgage lo a n s .........................
U ndivided profits .......................................................................................
G u aran ty fu n d (a s per section 302 o f Banking L a w ) ................
In terest p a id in advance .....................................................................
D ues paid in advance ..............................................................................
In divid u a l accounts ................................................................................

91

$558,044
32, 540
118, 556
2 ,8 0 0
14 530
17,181
30
1 ,099
100

00
80
27
00
34
08
26
25
00

$744,891 89
RECEIPTS
Cash on hand Janu ary 1, 1917............................................................
D ues credited t o members .....................................................................
M ortgages redeemed, foreclosed or transferred to rea l e s t a t e ..
L oans on shares re p a id ..............................................................................
Fees received ..............................................................................................
Fines received ............................................................................................
In terest received .......................................................................................
B en t received ..............................................................................................
D ividends retained on w ithdraw als ...................................................
L ib erty bonds ............................................................................................

$20,385 06
126,018 48
72,760 00
10,200 00
416 25
702 91
41,429 27
380 00
1 ,2 86 22
1 ,6 5 0 00
$275,218 19

DISBURSEMENTS
Loaned on m ortgage ................................................................................
Loaned on shares .....................................................................................
Dues repaid' o n w ith draw al, or applied loans .............................
P a id m atured shares ..............................................................................
D ividends paid on w ithdraw al, o r applied loans .........................
Cash dividends p a id on incom e and accum ulative prepaid
shares .........................................................................................................
P a id salaries and c le r k - h ir e ...................................................................
P a id advertising, p rin tin g and postage ...........................................
P a id rent ....................................................................................................
P a id repairs t o real estate ...................................................................
P a id taxes, insurance, etc.........................................................................
P a id banking departm ent, exam ination ...........................................
P a id banking departm ent, assessment .............................................
Officers' b o n d s ..............................................................................................
State League dues and expenses o f d e le g a t e ..................................
Telephone ....................................................................................................
L ig h t .............................................................................................................
A u d it com m ittee .......................................................................................
S tation ery ....................................................................................................
J a n ito r ...........................................................................................................
Express .........................................................................................................
Cash difference ...........................................................................................
In terest returned .......................................................................................
T ypew riter ..................................................................................................
L ib erty bonds purchased ........................................................................
Cash on hand D ecem ber 31, 1917 ........................................................

$ 1 12,560
13, 900
5 5 ,2 9 4
5 2,675
10,727

00
00
65
86
35

364
2 ,1 6 0
247
360
344
43
45
42
60
49
48
13
15
26
6

44
00
45
00
82
69
42
29
00
40
06
70
00
55
00
27
00
00
50
00
75

10
50
94
5, 000
21,099

$275,218 19

P lan , serial. P a r valu e o f shares, $200. Instalm ents are $1.00 m onthly.
Shares in fo rce J anu ary 1, 1917, 9,421; shares issued du rin g the year,
1,641; shares w ithdraw n d u rin g th e year, 1,262; shares in force, 9,800. B or­
row in g members, 370, h oldin g 3,541 shares; n on-borrow ing members, 802,




92

R eport

ox

Savings

L oan A ssociations

and

h oldin g 6,259 shares. Fem ale shareholders, 456, holding 3,435 shares. Total
dividends credited members du rin g the year on instalm ent shares, $35,605.63;
rate, 5 % per cent. T ota l dividends credited or p a id in cash to members
du rin g the year on other shares, $754.02; rate, 4 % per cent.
N o unpaid w ithdraw als. A m ou n t o f shares m atured d u rin g th e year,
$64,673.26. E ntrance fee, 25 cents per share. O perating expenses as defined
in section 390 o f th e B anking L aw , incurred and pa id du rin g th e year,
$3,069.92. U npaid, none.
P rem ium plan , gross. In terest pa id b y borrow in g members, 6' per cent.
N o prem ium charged.
L oans have been made in Dutchess, Putnam and U lster counties, N ew Y ork
State. L argest m ortgage loan outstanding, $16,000. M ortgages in force
in N ew Y o rk State, $684,500. N o foreclosures du rin g th e year.

ERIE COUNTY
AETNA PERMANENT SAVINGS AND LOAN ASSOCIATION
N o. 77 Seventeenth street, B uffalo, N . Y .
Officers

[Organized under Law of 1851.
Names

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

Commenced business 1880]
Post-office addresses

CHARLES H. SCHWENK..................
WILLIAM E. SHIFFERENS...........
CONRAD K AISER..............................
GEORGE B. BURD..............................

51 Fifteenth Street.
14 Seventeenth Street.
371 Vermont Street.
26 Erie Co. Bk. Bldg.

ASSETS

Loans on bond and m o r t g a g e .................................................
Loans on shares ........................................................................
Stocks and b o n d s ........................................................................
R ea l estate ...................................................................................
Cash on hand an d in b a n k ......................................................
F u rn itu re and fixtures ............................................................ .

$89, 050
480
1, 050
721
3, 759
273

00
00
00
47
85
00

$95, 334 32
LIABILITIES
D ue shareholders, dues .......................................................... .
D ue shareholders, dividends c r e d i t e d ................................
U n divided profits ..................................................................... .
G uaran ty fun d (a s per section 392 o f Banking L a w ) .
Unearned o r rebatable prem ium ..........................................

$ 75,006
10,722
1 ,1 3 6
4, 200
4, 269

10
10
62
00
50

$95,3 3 4 32
RECEIPTS
Cash on hand Janu ary 1, 1917............................................................
D ues credited t o mem bers . . . ' ...............................................................
M ortgages redeemed, foreclosed o r tran sferred to real e s t a t e ..
Loans on shares rep aid ..........................................................................
Fees received ..............................................................................................
F in es r e c e iv e d ..............................................................................................
In terest r e c e iv e d ..........................................................................................
P rem ium r e c e iv e d .......................................................................................
D ividends retained on w ithdraw als ....................................................
L ib erty bonds ..............................................................................................




$7 ,04 8
34,781
7, 280
600
152
16
5, 377
910
960
150

90
35
00
00
25
74
2Q
00
00
00

$ 5 7 ,2 7 6 44

E rie County

93

DISBURSEMENTS
Loaned o n m ortgage ................................................................................
Loaned on shares .......................................................................................
Dues repaid on w ithdraw al, or applied on l o a n s .........................
P a id m atured shares ..............................................................................
D ividends pa id on w ithdraw al, or applied on lo a n s ....................
P a id salaries and clerk-hire .................................................................
P a id advertising, p rin tin g and postage ..........................................
P a id repairs t o real e s t a t e .....................................................................
P a id taxes, insurance, etc.........................................................................
P a id banking departm ent, exam ination ...........................................
P a id banking departm ent, a s s e s s m e n t...............................................
Prem ium repaid .......................................................................................
F u rn itu re an d fixtures ............................................................................
L iberty bonds p u r c h a s e d ..........................................................................
Cash on hand Decem ber 31, 1917 ........................................................

$11,1 8 0 00
1 ,0 80 00
20, 390 25
16, 620 00
1, 835 65
. 7 5 3 00
61 20
90 00
22 98
14 00
651
180 00
83 00
1,200 00
3, 759 85
$57,276 44

Plan, serial. P a r value o f shares, $130. Instalm ents are 25 cents weekly.
Shares in force J a n u a ry 1, 1917, 2,446; shares issued du rin g the year,
609; shares w ithdraw n du rin g the year, 4 46; shares in force, 2,609. B or­
row in g mem bers, 42, h oldin g 563 shares; n on-borrow ing members, 341, holding
2,046 shares. Fem ale shareholders, 152, h old in g 847 shares. T ota l d iv i­
dends credited members du rin g th e year on instalm ent shares, $5,548.75;
rate, 7 per cent.
N o unpaid w ithdraw als. A m oun t o f shares m atured du rin g the year,
$16,620. Entrance fee, 25 cen ts per share. O perating expenses, as defined
in section 390 o f th e B anking Law , incurred and pa id du rin g the year,
$814.20. U npaid, none.
Prem ium plan, gross. Interest p a id b y b orrow in g members, 16 cents per
share. Prem ium p a id b y b orrow in g members, $10.00 per share.
Loans have been made in E rie county, N ew Y ork State. Largest m ortgage
loan outstanding, $8,060. M ortgages in force in New Y ork State, $89,050.
N o foreclosures du rin g the year.

BLACK ROCK MUTUAL HOME AND SAVINGS ASSOCIATION
N o. 52 A m herst street, B uffalo, N . Y .
[Organized under Law o f 1851.
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney......................

Commenced business 1890]

Names
CONRAD MAY ......................................
PRED L. HEITZMANN......................
JAMES LEE ............................................
JAMES P. SCHAUS...............................

Post-office addresses
249
East Street.
206 Dearborn Street
62
Amherst Street.
604
Curtiss Building.

ASSETS
Loans on bond and m ortg a g e ..............................................................
Stocks and b on d s.......................................................................................
R eal estate ..................................................................................................
Cash on hand and in b a n k .................................................................
Advances fo r taxes, insurance, e t c ......................................................

$264,810
1,000
2 0,119
20,693
279

00
00
12
64
21

$306,901 97
L IA B IL IT IE S

Due shareholders, dues......................................................................
Due shareholders, dividends credited............................................
Balance to be paid borrowers on mortgage loans.......................




$246,113 55
34,567 37
1,400 00

94

R

eport

on

S a v in g s

and

L

oan

A

s s o c ia t io n s

U ndivided profits .....................................................................................
G uaranty fun d (as per section 392 o f B anking L a w ) ................

$11,621 05
13,200 00
$306,901 97

R E C E IPTS

C ash on hand Janu ary 1, 1917.............................................................
D ues cred ited to m em bers.....................................................................
M ortgages redeemed, foreclosed o r tran sferred to real e s ta t e ..
R eal estate s o ld .........................................................................................
Fines r e c e iv e d ..............................................................................................
In terest received .....................................................................................
P rem ium received ...................................................................................
R en t received ..............................................................................................

$ 1 4 ,7 6 3
231,595
6 9 ,34 0
1 ,1 75
28
17,051
3 ,2 2 0
1 ,4 05

04
18
00
00
35
80
60
00

$338,578 97
DISBURSEMENTS
Loaned on m o rtg a g e ................................................................................
Dues repaid on w ithdraw al, o r applied on lo a n s ...........................
D ividends paid on w ithdraw al, or applied on lo a n s ....................
P a id borrow ed m oney and p rior m ortga ges..................................
P a id interest on b orrow ed m oney and p r io r m ortga ges______
P a id f o r rea l esta te...................................................................................
P a id salaries and clerk -h ire.................................................................
P a id advertising, p rin tin g and p o s ta g e ...........................................
P a id rent .......................................................................................................
P a id repairs to real esta te...................................................................
P a id taxes, insurance, e t c .....................................................................
P a id banking departm ent, exa m in a tion ...........................................
P a id banking departm ent, assessm ent.............................................
Officers’ bonds ............................................................................................
A dvances fo r taxes, insurance, etc.....................................................
S tate League du es.....................................................................................
T e le p h o n e .........................................................................
L ig h ts ...........................................................................................................
H eat ................................................................................................................
M ortga ge ta x
..................................................................................
Office s u p p lie s ..............................................................................................
L ib e rty bonds purchased .......................................................................
L egal e x p e n s e ..............................................
Cash on hand Decem ber 31, 1917........................................................

$ 4 5 ,4 3 0
2 4 3 ,7 9 8
8 ,7 7 8
1 0 ,00 0
159
2 ,7 5 0
3 ,7 0 3
445
150
78
671
38
19
77
279
7
42
27
153
139
117
1 ,0 00
19
2 0 ,69 3

00
98
56
00
02
00
50
49
00
31
55
00
95
19
21
00
10
96
00
50
01
00
00
64

$338,578 97
Plan, permanent. P a r value o f shares, $130. Instalm ents are 25 cents
weekly.
Shares in force Janu ary 1, 1917, 8,703; shares issued du rin g the year,
1,329; shares w ithdraw n du rin g th e year, 1,261; shares in force, 8,771.
B orrow in g members, 133, h oldin g 1,163 sh a res; n on-borrow ing members,
1,346, holdin g 7,608 shares. Fem ale shareholders, 457, h oldin g 2,300 shares.
T o ta l dividends credited mem bers du rin g the year on instalm ent shares,
$11,079.15; rate, 5 per cent.
N o unpaid w ithdraw als. O perating expenses, as defined in section 390 o f
the B anking Law , incurred and paid du rin g the year, $4,723.25. U npaid, none.
Prem ium plan, instalm ent. Interest paid b y b orrow in g members, 6 per
cent. Prem ium pa id b y b orrow in g m em bers, 5 cents p er share per week.
Loans have been made in E rie county, N ew Y ork State. L argest m ortgage
loan outstanding, $9,000. M ortgages in force in N ew Y o rk State, $264,810.
N o foreclosures durin g the year.




E

r ie

95

County

CARLTON STREET PERMANENT SAVINGS AND AID ASSOCIATION
N o. 306 Carlton street, Buffalo, N . Y .
[Organized under Law of 1831. Commenced business 1880]
Officers
Names
Post-office addresses
President.....................
Secretary.....................
Treasurer...................
Attorney.....................

CHARLES DETHLOFF................
JOHN A. GLUNZ..........................
WILLIAM SCHMIDT....................
LOUIS BRAUNLEIN....................

55 Berlin Street.
38 Peach Street.
306 Carlton Street.
Mutual Life Bldg.

ASSETS
Loans on bond and m o rtg a g e..............................................................
Cash on hand and in b a n k .....................................................................
Furn itu re and fix tu res............................................................................

$37,437 50
5 ,9 1 7 77
50 00
$43,4 0 5 27

LIABILITIES
-------------------------D ue shareholders, d u es..........................................................................
$ 3 8 ,0 7 9 25
D ue shareholders, dividends cred ited ...............................................
3 ,3 6 0 96
U ndivided profits .......................................................................................
1,0 85 01
G uaranty fund (as per section 392 o f B anking L a w ) ..................
880 05
$43,4 0 5 27
RECEIPTS
Cash on hand Janu ary 1, 1917............................................................
Dues credited t o m em bers.....................................................................
M ortgages redeemed, foreclosed or transferred t o real e s t a t e ..
Fees r e c e iv e d ................................................................................................
Interest received .......................................................................................

$ 8 ,8 0 4
4 1 ,2 3 5
5 ,3 1 2
171
2 ,4 6 9

73
75
50
25
64

$57,9 9 3 87
DISBURSEMENTS
Loaned on m ortg a g e................................................................................
Dues repaid on w ithdraw al, or applied on lo a n s ...........................
D ividends paid on w ithdraw al, o r applied on lo a n s ......................
P a id salaries and clerk -h ire.................................................................
P a id advertising, p rin tin g and posta ge...........................................
P a id rent ....................................................................................................
P a id banking departm ent, exam ination ...........................................
P a id banking departm ent, assessm ent...............................................
Cash on hand December 31, 1917........................................................

$11,800
38 ,40 6
1,359
432
9
51
14
3
5 ,9 17

00
25
34
00
66
50
00
35
77

$57,9 9 3 87
Plan, permanent. P a r value o f shares, $100. Instalm ents are 25 cents
weekly.
Shares in force Janu ary 1, 1917, 3,396; shares issued du rin g the year,
6 85; shares w ithdraw n during the year, 583; shares in force, 3,498. B orrow ­
in g members, 33, h oldin g 563 shares; non-borrow ing members, 405, holding
2,935 shares. Fem ale shareholders, 240, h oldin g 1,609 shares. Total divi­
dends credited m em bers du rin g the year on instalm ent shares, $1,595.14;
rate 5 per cent.
N o unpaid w ithdraw als.
Entrance fee, 25 cents per share.
Operating
expenses, as defined in section 390 o f the B anking Law , incurred and paid
durin g the year, $493.16. Unpaid, none.
Prem ium plan, gross. Interest pa id b y borrow in g mem bers, 12 cents per
share p er week. N o prem ium charged.
Loans have been made in Erie county, N ew Y ork State. L argest m ortgage
loan outstanding, $3,500. M ortgages in force in N ew Y ork State, $37,437.50.
N o foreclosures du rin g the year.




96

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s s o c ia t io n s

CLINTON MUTUAL SAYINGS AND LOAN ASSOCIATION
N o. 379 W illia m street, Buffalo, N . Y .
[Organized under Law o f 1851. Commenced business 1878]
Officers
Names
Post-office addresses
President....................
FREDERICK GRAMLICH................. 596 Clinton Street.
37 Laurel Street.
Secretary..................... CHARLES KLING..............................
Treasurer...................
CHARLES KLING............................... 37 Laurel Street.
Attorneys...................
STEIN & BARBER.............................. 410 Brisbane Building.
ASSETS
Loans on bond and m ortg a g e...........................
Stocks and b o n d s.................................................
C on tracts fo r th e sale o f real esta te...........
R eal e s t a t e ...............................................................
Cash on hand and in b a n k ................................
A dvances fo r taxes, insurance, e t c ................

$ 5 21,674 62
5 ,0 0 0 00

2,866 21
6 ,6 0 0 00
3 0 ,0 4 0 12
136 49
$566,317 44

LIABILITIES
D ue shareholders, d u es..............................................................................
D ue shareholders, dividends cred ited ....................................................
U ndivided p r o f i t s .......................................................................................
G uaran ty fund (as per section 392 o f B anking L a w ) ..................

$459,701
4 8 ,69 6
3 1 ,00 0
26 ,91 9

50
20
00
74

$566,317 44
RECEIPTS
Cash on hand Janu ary 1, 1917............................................................
D ues cred ited to m em bers.....................................................................
M ortgages redeemed, foreclosed or transferred to real e s t a t e ..
R ea l estate s o ld ..........................................................................................
Fees r e c e iv e d ................................................................................................
In terest received .....................................................................................
R en t received ............................................................................................
D ividends retained on w ith d raw a ls....................................................
A dvances repaid .......................................................................................
P ro fit on sale o f real esta te.................................................................
R eceived on ju d g m en t..............................................................................
Contracts fo r sale o f real esta te ........................................................
Taxes, insurance e t c .................................................................................

$28,7 8 5
2 4 7 ,0 4 6
8 7 ,47 4
7 ,2 7 0
989
31 ,28 0
1 ,2 05
1,6 73
457
3 ,3 6 6
30
2 ,3 0 7
31

10
25
21
79
75
00
50
23
58
00
00
61
91

$411,917 93
DISBURSEMENTS
L oaned on m o rtg a g e.......................................................... .'.................
D ues repaid on w ithdraw al, or applied on lo a n s .........................
P a id m atured shares ..............................................................................
D ividends paid on w ith draw al, or applied on lo a n s ....................
P a id fo r real esta te...................................................................................
P a id salaries and clerk -h ire.................................................................
P a id advertising, p rin tin g and p o sta g e...........................................
P a id repairs t o real esta te......................................................................
P a id taxes, insurance, e t c .....................................................................
P a id banking departm ent, exa m in a tion ...........................................
P a id banking departm ent, assessm ent...............................................
A dvances fo r taxes, insurance, e t c ......................................................
Com m ission fo r sale o f real esta te....................................................




$98,2 4 7
201,741
5 4 ,72 2
10,895
2 ,8 7 0
4 ,3 1 4
927
1,141
841
51
34
116
177

33
25
66
38
79
50
94
53
64
75
21
24
50

E

r ie

County

97

Foreclosure costs ...............- ...................................................................
T ypew riter ....................................................................................................
Taxes and interest charged to real estate co n tra cts....................
L ib erty bonds pu rch ased........................................................................
Cash on hand Decem ber 31, 1917........................................................

$486
102
206
5 ,0 0 0
3 0 ,04 0

07
50
52
00
12

$411,917 93
Plan, permanent. P a r value o f shares, $130. Instalm ents are 25 cents
weekly.
Shares in force Ja n u a ry 1, 1917, 19,697; shares issued during th e year,
14,258; shares w ithdraw n during th e year, 14,928; shares in force, 19,027.
B orrow in g members, 216, holding 2,224 shares; non-borrow ing members, 2,712,
h oldin g 16,803 shares. Fem ale shareholders, 1,745, h oldin g 9,763 shares.
T ota l dividends credited members du rin g the year on instalm ent shares,
$22,311.51; rate, 5 p e r ce n t.
N o u n paid w ithdraw als. A m oun t o f shares m atured du rin g the year,
$54,722.66. Entrance fee, 25 cents per share. O perating expenses, as defined
in section 390 o f the Banking L aw , incurred and paid durin g th e year,
$5,242.44. U npaid, none.
N o prem ium plan. In terest pa id b y b orrow in g members, 6 per cent. N o
prem ium charged.
Loans have been made in E rie county, N ew Y ork State. L argest m ortgage
loan outstanding, $6,250. M ortgages in force in N ew Y ork State, $521,674.62.
Three foreclosures du rin g the year.

THE CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION OF HAMBURG
N o. 44 M ain street, H am burg, N . Y .
[Organized under Law of 1010. Commenced business 1913]
Officers
Names
Post-office addresses
President....................... CARLTON
E.
ENO................. Hamburg, N. Y.
Secretary.....................
ARTHUR J. STRAUB.................................. Hamburg, N. Y.
Treasurer...................... REUBEN
F. KNOCHE..................... Hamburg, N. Y.
Attorney.....................
ALBERT L. STRATEMEIER.................... Hamburg, N. Y.
ASSETS
Loans on bond and m ortg a g e.................................................................
Loans on shares............................................................................................
Stocks and b o n d s.........................................................................................
Cash on hand and in b a n k .....................................................................
Interest, prem ium , fees and fines due and u n p a id .......................

$78,250
4 ,2 1 5
2 ,8 0 0
921
554

00
15
00
10
68

$86,740 93
LIABILITIES
D ue shareholders, du es..............................................................................
D ue shareholders, dividends cred ited ...................................................
B orrow ed m o n e y .........................................................................................
U ndivided profits .......................................................................................
G uaranty fund (as per section 392 o f B anking L a w ) ..................
O perating expense u n p a id .......................................................................

$ 70,487
6,8 71
8 ,5 0 0
352
450
79

75
41
00
53
00
24

$ 86,740 93
RECEIPTS
Cash on hand J anu ary 1, 1917............................................................
Dues credited to m em bers........................................................................
M oney b o r r o w e d .........................................................................................
M ortgages redeemed, foreclosed or tran sferred to real e s t a t e ..
Loans on shares re p a id ............................................................................




$ 4,617
33,121
19,500
12,800
2 ,7 5 7

98
75
00
00
25

98

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Fees r e c e iv e d ................................................................................................
In terest r e c e iv e d .........................................................................................
P rem ium r e c e iv e d .......................................................................................
D ividends retained on w ith d raw a ls......................................................
L ib e rty bonds s o ld .......................................................................................

$162
3 ,9 75
658
125
950

50
05
56
71
00

$78,668 80
DISBURSEMENTS
-------------------------Loaned on m o rtg a g e...................................................................................
$ 44,250 00
Loaned on s h a r e s .......................................................................................
3 ,9 0 3 00
13,196 50
Dues repaid on w ithdraw al, or applied on lo a n s ...........................
D ividends paid on w ithdraw al, o r applied on lo a n s ......................
664 86
Cash dividends p a id on incom e and accum ulative prepaid
shares ................................................................................ •
.......................
71 41
11,000 00
P a id borrow ed m oney and p rior m ortg a g es....................................
P a id interest on borrow ed m oney an d p rior m ortga ges...............
503 36
P a id salaries and clerk-h ire...................................................................
275 00
P a id advertising, p rin tin g and p osta g e............................................
113 47
P a id banking departm ent .....................................................................
20 10
L ib erty bonds pu rch ased..........................................................................
3 ,7 5 0 00
Cash on hand Decem ber 31, 1917........................................................
921 10
$78,668 80
Plan, permanent. P a r value o f shares, $125. Instalm ents are 25 cents
w eekly.
Shares in force Janu ary 1, 1917, 1,911; shares issued du rin g th e year, 6 50;
shares w ithdraw n du rin g th e year, 2 1 3 ; shares in force, 2,348. B orrow in g
mem bers, 35, h oldin g 241 shares; n on-borrow ing members, 391, h oldin g 2,107
shares.
Fem ale shareholders, 126, h oldin g 569 shares.
T ota l dividends
credited members du rin g the year on instalm ent shares, $3,343.46; rate, 6
per cent. T o ta l dividends credited or pa id in cash t o members du rin g th e
year on oth er shares, $299.07; rate, 4 per cent, and 6 per cent.
N o unpaid w ithdraw als. Entrance fee, 25 cents per share. O perating
expenses, as defined in section 390 o f the Banking Law , incurred and pa id
du rin g the year, $388.47. O perating expenses, as defined in section 390 o f
the Bank in g Law , incurred durin g the year and rem aining unpaid, $79.24.
Prem ium plan, prem ium -interest. In terest pa id b y b orrow in g members, 6
per cent. Prem ium paid b y borrow in g members, 4 cents per share per week.
L oan s have been m ade in E rie county, N ew Y ork State. Largest m ortgage
loan outstanding, $8,000. M ortgages in force in New Y o rk State, $78,250.
N o foreclosures du rin g the year.

DEPEW CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION
N o. 104 Sawyer avenue, D epew , N . Y .
[Organized under Law o f 1894.
Officers
President.. .
Secretary...
Treasurer..,
A ttorn ey.. .

Commenced business 1895]
Post-office addresses
E. J. NASH.......................................................... Depew, N. Y.
J. FRED PETTYS...............................................
Depew, N. Y.
GUSTAV GRAMLIOH.......................................... Depew, N. Y.
S. JAY O’H ART..................................................... Depew, N. Y.
Names

ASSETS
Loans on bond and m o r t g a g e .................................................................
Stocks and bonds .......................................................................................
B eal estate ..................................................................................................
Cash on hand and in bank .....................................................................
F u rn itu re and fixtures ............................................................................
Insurance due ..............................................................................................




$79, 700
1»000
009
4 ,4 5 5
87
40

00
00
10
26
75
80

$86,192 91

E

r ie

C

99

ounty

LIAB ILITIES
D ue shareholders, dues ............................................................................
Due shareholders, dividends c r e d it e d .................................................
U ndivided profits .......................................................................................
G uaranty fu n d (as per section 392 o f Banking L a w ) ................

$72, 390
8, 933
3 ,0 71
1 ,797

86
70
31
04

$86,192 91
RECEIPTS
Cash on hand Ja n u a ry 1, 1917 ............................................................
Dues credited to members .....................................................................
M ortgages redeemed, foreclosed or transferred to real esta te. .
Fees r e c e iv e d ................................................................................................
Interest received .......................................................................................
Advances repaid .......................................................................................

$14,947
33, 298
9 ,5 0 0
17
5 ,6 7 3
17

80
88
00
25
10
80

$63,454 83
DISBURSEMENTS
Loaned on m o rtg a g e...................................................................................
D ues repaid on w ithdraw al, or applied on l o a n s .........................
D ividends paid on w ithdraw al, or applied on l o a n s ....................
P a id salaries and c le r k - h ir e ...................................................................
P a id advertising, p rin tin g and postage .............................................
P a id rent ......................................................................................................
P a id repairs t o real e s t a t e .....................................................................
P a id taxes, insurance, etc.........................................................................
P a id hanking departm ent .....................................................................
Officers’ bonds ..............................................................................................
Advances fo r taxes, insurance etc.......................................................
E r r o r s .............................................................................................................
L ib erty bonds purchased .......................................................................
F urniture .......................................................................................................
L ig h t .............................................................................................................
Sundry e x p e n s e s .........................................................................................
Cash on hand Decem ber 31, 1917..........................................................

$ 2 3 ,7 0 9
30, 614
2, 359
800
19
35
201
37
19
45
16
2
1 ,0 0 0
87
19
41
4 ,4 55

00
10
28
00
70
00
68
74
25
00
80
00
00
75
54
73
26

$63,454 83
Plan, permanent. P a r value o f shares, $100. Instalm ents are 16% cents
and 26 cents weekly.
Shares in fo rce Ja n u a ry 1, 1917, 2,380; shares issued du rin g the year,
1,107; shares w ithdraw n du rin g the year, 710; shares in force, 2,777. B or­
row in g members, 62, h oldin g 797 shares; non-borrow ing'm em bers, 262, holding
1,980 shares. Fem ale shareholders, 37, h oldin g 396 shares. T ota l d iv i­
dends credited members during the yea r on instalm ent shares, $3,078.11;
rate, 8 per cent.
N o unpaid w ithdraw als. Membership fee, 25 cents. O perating expenses,
as defined in section 390 o f the B anking Law , incurred and pa id durin g
the year, $960.97. U npaid, none.
Prem ium plan, prem ium -interest. Interest paid b y b orrow in g members,
6 per cent. Prem ium pa id by borrow in g members, 2 per cent.
Loans have been made in E rie county, N ew Y ork State. Largest m ortgage
loan outstanding, $3,100. M ortgages in force in N ew Y ork State, $79,700.
N o foreclosures du rin g the year.




100

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EAST BUFFALO SAVINGS AND LOAN ASSOCIATION
No. 1156 Lovejoy street, Buffalo, N. Y.
[Organized under Law o f 1910.
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney......................

Commenced business 1913]

Names
PREDOLIN THOMA..................
EDWARD C. KATH ER...........
CHARLES A. KLOCKE.............
GEORGE L. GRORE..................

Post-office addresses
1072 Lovejoy Street.
47 Ludington Street.
1156 Lovejoy Street.
Ellicott Square.

ASSETS
L oans on bond and m ortg a g e...........................
L oan s on shares.....................................................
Stocks and b o n d s..................................................
Cash on hand and in b a n k ...............................

$ 1 6 ,5 1 0
835
250
1,431

00
00
00
44

$19,0 2 6 44
LIABILITIES
D ue shareholders, du es..............................................................................
D ue shareholders, dividends cred ited .................................................
U ndivided profits ......................................................................................
G uaran ty fu n d (a s per section 392 of Banking L a w ) ................

$ 1 7 ,2 9 4
891
697
143

00
18
65
61

$19,0 2 6 44
RECEIPTS
Cash on hand J a n u a ry 1, 1917............................................................
D ues credited t o m em bers.......................................................................
Loans on shares re p a id ............................................................................
Fees received ...............................................................................................
F ines r e c e iv e d ..............................................................................................
In terest received ........................................................................................
D ividends retained on w ith draw a ls......................................................

$1 ,48 7
10,246
300
69
3
822
28

02
75
00
25
18
05
08

$12,9 5 6 33
DISBURSEMENTS
Loaned on m o rtg a g e..................................................................................
Loaned on shares........................................................................................
D ues repaid on w ith draw al, o r applied on lo a n s ...........................
D ividends p a id on w ithdraw al, or applied on lo a n s....................
P a id salaries an d clerk -h ire...................................................................
P a id advertisin g, p rin tin g and p osta ge...........................................
P a id banking departm ent, exam ination ...........................................
P a id banking departm ent, assessm ent..............................................
Officers’ b o n d s ..............................................................................................
L ib e rty bonds pu rch ased..........................................................................
Cash on hand 'December 31, 1917........................................................

$4 ,42 0
675
5, 892
138
104
16
14
1
12
250
1,4 31

00
00
50
96
00
60
00
83
00
00
44

$12,956 33
P la n , serial. P a r valu e o f shares, $130. Instalm ents are 2 5 cents weekly.
Shares in force J a n u a ry 1, 1917, 71 9 ; shares issued du rin g th e year, 4 24;
shares w ith draw n durin g the year, 3 9 0 ; shares in force, .753. B orrow in g
m em bers, 20, h oldin g 147 shares; n on-borrow ing members, 115, h oldin g 606
shares.
Fem ale shareholders, 51, h old in g 188 shares.
T o ta l dividends
credited mem bers du rin g the year on instalm ent shares, $620.92; rate, 5
per cent.




E

r ie

101

County

N o u npaid w ithdraw als. Entrance fee, 25 cents per share. O perating
expenses, as defined in section 390 o f the Banking Law , incurred and paid
du rin g the year, $132.60. U npaid, none.
N o prem ium plan. In terest pa id b y b orrow in g members, 6 per cent. N o
prem ium charged.
Loans have been made in E rie county, N ew Y ork State. Largest m ortgage
loan outstanding, $2,210. [Mortgages in force in N ew Y ork State, $16,510.
N o foreclosures durin g the year.

EAST SIDE SERIAL SAYINGS AND LOAN ASSOCIATION
No. 344 East Genesee street, Buffalo, N. Y.
[Organized under Law o f 1-892.
Officers
Names
President....................
Secretary.....................
Treasurer...................
Attorney.....................

Commenced business 1894]
Post-office addresses

ALEXANDER FRANKE...............
JACOB A. STAUCH......................
WILLIAM GERBER........................
CHARLES A. H AHL......................

353 Sherman Street.
472 Hickory Street.
115 East Genesee Street.
Electric Building.

ASSETS
Loans on bond and m ortga ge.................................................................
Loans on shares..........................................................................................
Real estate ...................................................................................................
Cash on hand and in b a n k .....................................................................
F u rn itu re and fix tu res.............................................................................

$ 7 3 ,3 7 0
070
4 ,5 0 0
2 ,1 4 5
260

00
00
00
49
70

$81,246 19
LIABILITIES
Due shareholders, du es..............................................................................
Due shareholders, dividends cred ited ..................................................
Undivided profits .......................................................................................
G uaranty fund (a s per section 392 of B anking L a w ) ................
Unearned or rebatable prem iu m ..........................................................

$72,035
6 ,0 5 0
1, 265
979
16

31
12
54
22
00

$81,246 19
RECEIPTS
Cash on hand January 1, 1917...............................................................
Dues credited to m em bers.......................................................................
M ortgages redeemed, foreclosed or transferred to real e s ta te ..
Loans on shares re p a id ............................................................................
R eal estate s o ld ..........................................................................................
Fines received .............................................................................................
In terest received ........................................................................................
R ent received ..............................................................................................

$5,812 09
62,011 00
7 ,8 2 0 00
1 ,6 7 0 00
900 00
7 25
3, 800 01
130 00
$82,150 35

DISBURSEMENTS
Loaned on m o rtg a g e .................................................................................
Loaned on shares........................................................................................
Dues repaid on w ithdraw al, or applied on lo a n s ...........................
D ividends paid on w ithdraw al, or applied on lo a n s ......................
P aid fo r real esta te...................................................................................
P a id salaries and clerk -h ire..................................................................
P aid advertising, p rin tin g and p osta ge.............................................
P a id rent .....................................................................................................
P aid repairs to real esta te.....................................................................




$ 1 8 ,8 0 0
1,735
52, 584
1,128
4 ,5 0 0
849
63
89
56

00
00
00
66
00
00
54
30
84

102
P a id
P a id
P aid
S afe
Cash

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s s o c ia t io n s

taxes, insurance, e t c .....................................................................
banking departm ent, exa m in a tion ............................................
banking departm ent, assessm ent...............................................
.................................................................................................................
on hand Decem ber 31, 1917......... •
.............................................

$50
19
5
123
2 ,1 4 5

86
50
16
00
49

$82,150 35
P lan , permanent. P a r value o f shares, $130. Instalm ents are 25 cents
weekly.
Shares in force Ja n u a ry 1, 1917, 4,527; shares issued du rin g the year,
1,305; shares w ithdraw n du rin g th e year, 6 45; shares in force, 5,247. B or­
row in g members, 38, h oldin g 370 shares; non-borrow ing members, 747, h old­
in g 4,877 shares. Fem ale shareholders, 381, h oldin g 1,874 shares. T ota l
dividends credited mem bers du rin g th e year on instalm ent shares, $2,478.06;
rate, 4 per cent.
N o unpaid w ithdraw als. O perating expenses, as defined in section 390 o f
th e B anking Law , incurred and pa id during the year, $1,001.84. U npaid,
none.
Prem ium plan, gross. In terest paid b y b orrow in g members, 5 per cent, to
6 per cent. Prem ium paid b y b orrow in g mem bers, $5.
L oan s have been made in E rie county, N ew Y ork State. Largest m ortga ge
loa n outstanding, $4,500. M ortgages in force in N ew Y ork State, $73,370.
N o foreclosures du rin g th e year.

THE ELLIC0TT PERMANENT SAVINGS AND LOAN ASSOCIATION
N o. 17 E ast Genesee street, Buffalo, N . Y.
[Organized tinder Law of 1851. Commenced business 1889]
Officers
Names
Post-office addresses
President..................... PH ILIP GOETZMANN................... 17 East Genesee Street.
Secretary..................... HENRY F. HOLTZ........... .............. 118 East Eagle Street.
EDWARD D. REED........................ German-Amerfcan Bank.
Treasurer...................
Attorney...................... WILLIAM G. KILHOFFER.........
308 Brisbane Bldg.
ASSETS
L oans on bond and m ortg a g e.................................................................
Stocks and b o n d s.........................................................................................
C ash on hand and in b a n k .....................................................................
F u rn itu re and fix tu res..............................................................................

$ 6 4 ,4 9 0
2 ,0 0 0
5 ,2 0 5
100

00
00
11
00

$71,7 9 5 11
LIABILITIES
D ue shareholders, d u es..............................................................................
D ue shareholders, dividends cred ited ...................................................
U ndivided p r o f i t s .......................................................................................
G u a ra n ty fun d (as per section 392 o f B anking L a w ) ................

$59,101
7 ,851
2 ,6 4 2
2 ,2 0 0

07
32
72
00

$71,7 9 5 11
RECEIPTS
Cash on hand Ja n u a ry 1, 1917............................................................
D ues credited t o m em bers.......................................................................
M ortgages redeemed, foreclosed o r transferred to real e s ta te ..
Fees r e c e iv e d ................................................................................................
In terest r e c e iv e d .........................................................................................




$ 4 ,79 5
5 8,162
17 ,84 0
103
4 ,1 8 0

85
96
00
25
56

$85,082 62

E

r ie

103

County

DISBURSEMENTS
Loaned on m o rtg a g e ..................................................................................
Dues repaid on w ithdraw al, or applied on lo a n s ...........................
D ividends pa id on w ithdraw al, or applied on lo a n s .......................
P a id salaries and clerk -h ire...................................................................
P aid advertising, p rin tin g and p o sta g e...........................................
P a id rent .......................................................................................................
P a id taxes, insurance, e t c .......................................................................
P a id banking departm ent, exam ination ....................
P a id banking departm ent, assessm ent...............................................
State League d u es.......................................................................................
L ib e rty bonds pu rch ased..........................................................................
Cash on hand Decem ber 31, 1917..........................................................

$14,050
6 0 ,37 6
3 ,921
761
81
150
5
21
5
5
500
5 ,2 0 5

00
51
32
25
52
00
48
00
43
00
00
11'

$85,082 62

Plan, permanent. P a r value o f shares, $130. Instalm ents are 25 cents
weekly.
Shares in fo rce Janu ary 1, 1917, 4,280; shares issued during the year, 413;
sh a res. w ithdraw n du rin g the year, 7 55; shares in force, 3,938. B orrow in g
members, 41, h oldin g 371 sh ares; non-borrow ing members, 361, h oldin g 3,567
shares. Fem ale shareholders, 156, h oldin g 1,048 shares. T ota l dividends
credited members during the year on instalm ent shares, $2,751.73; rate, 4 ^
per cent.
N o unpaid w ithdraw als. Entrance fee, 25 cents per share. O perating
expenses, as defined in section 390 o f the Banking Law , in curred and paid
during the year, $997.77. U npaid, none.
N o prem ium plan. In terest pa id b y borrow in g members, 6 p er cent. N o
premium charged.
Loans have been made in E rie county, N ew Y ork State. L a rg est m ortgage
loan outstanding, $4,240. M ortgages in force in N ew Y o rk State, $64,490.
N o foreclosures du rin g the year.

ERIE SAVINGS AND LOAN ASSOCIATION
N o. 39 E rie street, Buffalo, N . Y .
[Organized under Law of 1851.
Officers
Names
President......................
Secretary......................

Treasurer...................
Attorney.....................

Commenced business 1884]
Post-office addresses

E D W A R D F. M E IS T E R ...................
GEORGE R E P P ........................................

E rie Street.
39
E rie Street.

GEORGE KARBACH ...........................
39
Erie Street.
JOHN M. HULL......................................1108 Marine Nat. Bk. Bl.
A SSE TS

Loans on bond and m ortg a g e...................... .
Loans on shares.....................................................
Contracts fo r the sale o f real esta te.........
R eal e s t a t e ............................................................
Cash on hand and in b a n k ...............................
F u rn itu re and fix tu res........................................

$ 1 ,1 4 4 ,7 7 0
4 7 ,85 3
6 ,3 4 0
35,000
94 ,75 5
4 ,5 0 0

52
05
46
00
60
00

$ 1 ,3 3 3 ,2 1 9 63
L IA B IL IT IE S

---------------------------

D ue shareholders, d u es.............................................................................. $ 1 ,0 9 5 ,7 4 4
Due shareholders, m atured shares......................................................
5 0,028
Due shareholders, dividends cred ited .................................................
87 ,25 0
B orrow ed m o n e y .........................................................................................
50,000
U ndivided profits .......................................................................................
3 ,1 9 7
G uaranty fun d (a s per section 392 o f B anking L a w ) ..................
4 7 ,00 0




01
18
01
00
43
00

$ 1 ,3 3 3 ,2 1 9 63

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and

L

oan

A

s s o c ia t io n s

r e c e ip t s

Cash on hand Janu ary 1, 1917........................................................................ $27,3 8 2
Dues cred ited t o m em bers........................................................................
648,722
M on ey b o r r o w e d ..........................................................................................
105,000
M ortgages redeemed, foreclosed or transferred to real e s t a t e .. .
193,593
L oan s on shares re p a id ............................................................................
55 ,13 9
In terest r e c e iv e d .........................................................................................
67 ,88 3
R en t r e c e iv e d ................................................................................................
1,1 91
D ividends retained on w ith d ra w a ls......................................................
2 ,2 6 8
870
C ontracts fo r the sale o f rea l esta te.................................................
A pp ra isa ls ............................................
798
M ortgage ta x ..............................................................................................
1,437
.S old o ld b o o k s ..............................................................................................
158
4
S old o ld ta b le ...................................
Revenue stam ps .........................................................................................
13
Rebate on a d vertisin g..............................................................................
2

41
61
00
61
45
11
80
82
00
00
25
03
00
17
80

$ 1 ,1 0 4 ,4 6 5 06
DISBURSEMENTS
L oaned on m o rtg a g e...................................................................................
Loaned on shares..........................................................................................
D ues repaid on w ith draw al, or applied on lo a n s ...........................
P a id m atured s h a r e s ................................................................................
D ividends paid on w ith draw al, or applied on lo a n s .......................
Cash dividends pa id on incom e and accum ulative prepaid
shares ......................................................................................... ? .............
P a id b orrow ed m oney and p rior m ortga ges......................................
P a id interest on borrow ed m oney an d p rior m ortg a g es..............
P a id salaries and clerk -h ire...................................................................
P a id advertising, p rin tin g and p osta ge.............................................
P a id rep airs t o real esta te .....................................................................
P a id taxes, insurance, e t c ........................................................................
P a id banking departm ent, exam ination .............................................
P a id banking departm ent, assessm ent...............................................
Officers’ bonds, com pensation and b u rgla ry in su rance................
M ortgage t a x e s ............................................................................................
T e le p h o n e .......................................................................................................
E le ctric b i l l ..................................................................................................
G as b i l l s .........................................................................................................
Sundries .........................................................................................................
Coal ..................................................................................................................
A pp raisals ...................................
C on tract fo r the sale o f real esta te....................................................
F u rn itu re and fixtures. '.'.'.V ..................................................................
Cash on hand Decem ber 31, 1917...............

$304,179
6 5 ,37 7
4 5 1 ,4 3 0
82 ,43 3
6 ,7 2 6

77
00
98
19
01

566
80,000
938
7 ,4 2 3
1 ,068
705
696
88
68
226
1 ,4 37
72
236
20
345
100
504
392
4 ,6 7 0
9 4 .7 5 5

16
00
29
99
76
43
67
00
66
37
25
30
81
18
32
50
00
99
83
60

$ 1 ,1 0 4 ,4 6 5 06
P lan , permanent. P a r valu e of shares, $130. Instalm ents are 25 cents
w eekly.
Shares in force Janu ary 1, 1917, 66,960; shares issued du rin g the year,
31.333; shares w ithdraw n du rin g the year, 24,633; shares in force, 73,660.
B orrow in g members, 840, h oldin g 38,159 shares; non-borrow ing members,
7,970, h oldin g 35,501 shares. Fem ale shareholders, 3,766. T ota l dividends
credited mem bers du rin g the year on instalm ent shares, $31,405.87; rate, 5 %
per cent. T ota l dividends credited or paid in cash t o mem bers du rin g th e
yea r on oth er shares, $19,442.79; rate, 4 per cent, and 5 % per cent.
N o u n paid w ithdraw als. A m oun t o f shares m atured du rin g the year,
$81,385.87. O perating expenses, as defined in section 390 o f the B anking Law ,
in curred and pa id durin g the year, $9,022.23. U npaid, none.




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105

Prem ium plan, prem ium -interest. Interest pa id b y b orrow in g mem bers, 6
per cent. N o prem ium charged.
Loans have been m ade in E rie county, N ew Y ork State. L a rg est m ortgage
loan outstanding, $25,000. M ortgages in force in N ew Y o rk State, $1,144,770.52. One foreclosure during the year.

FREEHOLD SAVINGS AND LOAN ASSOCIATION
N o. 809 M ain street, Buffalo, N . Y .
[Organized under Law o f 1851. Commenced business 1891]
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney......................

Names
Post-office addresses
PETER .T WEIGEL.......................... 218
.
Ellicott Square.
EDWARD J. ZITTE L..................... 672
Elm Street.
CHARLES J. F IX ............................. 808
Main Street.
GODFREY M. FROHE..................... 476
Ellicott Square.

ASSETS
Loans on bond and m ortg a g e...............................................................
Loans on shares............................................................................................
Stocks and b o n d s.........................................................................................
Cash on hand and in b a n k .....................................................................
Advances fo r taxes, insurance, e t c ......................................................

$165,299
900
8 ,5 1 2
11,235
132

52
00
00
77
73

$186,080 02
LIABILITIES
D ue shareholders, du es..............................................................................
D ue shareholders, dividends cred ited .................................................
U ndivided profits .......................................................................................
G uaranty fun d (a s per section 392 o f B anking L a w ) ..................
Unearned o r rebatable p re m iu m ,....................
Suspense account .......................................................................................

$150,098
2 3 ,8 7 7
8 ,9 75
2 ,9 6 8
125
35

17
43
13
37
00
92

$186,080 02
RECEIPTS
Cash o n hand J anu ary 1, 1917...............................................................
Dues credited to m em bers.......................................................................
M ortgages redeemed, foreclosed or tran sferred t o real e s t a t e ..
L oans on shares re p a id ..............................................................................
B eal estate s o ld ............................................................................................
In terest r e c e iv e d .........................................................................................
Advances r e p a i d .........................................................................................
P ro fit and loss, sale o f real esta te........................................................
B ills r e c e iv a b le ............................................................................................
L ib e rty bonds ..............................................................................................
B ea l estate co n tra cts................................................................................

$7,478
110,341
21,747
400
2 ,2 0 0
10,238
16
500
100
488
200

57
05
60
00
00
54
43
00
00
00
00

$153,710 19
DISBURSEMENTS
Loaned on m o rtg a g e...................................................................................
•Loaned on shares.........................................................................................
D ues repaid on w ithdraw al, or applied on lo a n s .............................
D ividends paid on w ithdraw al, or applied on loa n s........................
P a id salaries and clerk -h ire...................................................................
P a id advertising, prin tin g and p osta ge.............................................
P a id rent .......................................................................................................
P a id banking departm ent, exa m in a tion .............................................
P a id banking departm ent, assessm ent...............................................




$26,737
825
98 ,84 2
3 ,8 21
1,609
65
390
27
11

12
00
33
91
00
10
00
00
09

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Officers* b o n d s ..............................................................................................
State League d u es.......................................................................................
L ib e rty bonds pu rch ased..........................................................................
F ire in s u r a n c e ..............................................................................................
R ea l estate com m ittee..............................................................................
A u d itin g c o m m it t e e ...................................................................................
T e le p h o n e .......................................................................................................
L ig h tin g, heating, e t c ................................................................................
B u rgla ry insurance ...................................................................................
C ontracts fo r the sale o f real esta te....................................................
B ills r e c e iv a b le ............................................................................................
Cash on hand D ecem ber 31, 1917..........................................................

$52
6
9 ,0 0 0
9
51
51
42
281
27
525
100
1 1,235

63
00
00
45
30
00
00
37
12
00
00
77

$153,710 19
P lan , permanent. P a r valu e o f shares, $130. Instalm ents are 25 cents
w eekly.
Shares in fo rce Ja n u a ry 1, 1917, 10,096; shares issued du rin g th e year,
1,781; shares w ithdraw n du rin g th e year, 7 4 5 ; shares in force, 11,132. B or­
row in g members, 40, h oldin g 481 shares; non-borrow ing mem bers, 865, h oldin g
10,651 shares. Fem ale shareholders, 574, h oldin g 3,319 shares. T ota l d iv i­
dends credited members du rin g the yea r on instalm ent shares, $7,221.29; rate,
5 p er cent.
N o unpaid w ith draw als. O perating expenses, as defined in section 390 o f
th e Banking Law , incurred and pa id du rin g th e year, $2,584.97. U npaid,
none.
Prem ium plan, gross. Interest p a id b y b orrow in g mem bers, 6 per cent.
N o prem ium charged.
L oans have been made in E rie county, N ew Y ork State. Largest m ortgage
loan outstanding, $7,150. M ortgages in force in N ew Y ork State, $165,299.52.
N o foreclosures du rin g th e year.

GENESEE STREET SAVINGS AND LOAN ASSOCIATION
N o. 1535 Genesee .street, Buffalo, N . Y .
[Organized under Law of 1914.
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................

Commenced business 1914]

Names
CHARLES BAUER, J b .................
OTTO R. GERiLACH....................
EMIL HOLZBUNER.....................
J. ADAM W EISS............................

Post-office addresses
2578 Bailey Avenue.
97 Bissell Avenue.
62 Wagner Place.
806 Mutual Life Building.

ASSETS
Loans on bond and m ortg a g e.................................................................
Stocks and b o n d s.........................................................................................
Cash on hand and in b a n k .....................................................................

$ 10,270 00
200 00
10,429 30
$20,899 30

LIABILITIES
D ue shareholders, d u e s ............................................................................
D ue shareholders, dividends cred ited .................................................
U ndivided profits .......................................................................................
G uaran ty fu n d (a s per section 392 o f B anking L a w ) ................
Unearned o r rebatable prem iu m ..........................................................




$19,886
819
87
66
40

25
03
22
20
60

$20,8 9 9 30

E

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County

RECEIPTS
Cash on hand J anu ary 1, 1917...........................................................
Dues credited to m em bers.......................................................................
M ortgages redeemed, foreclosed or transferred to real esta te. .
Fees r e c e iv e d ................................................................................................
Fines r e c e iv e d ..............................................................................................
Interest r e c e iv e d .........................................................................................

107

$ 3 ,38 2
2 8 ,1 7 0
650
155
46
695

92
25
00
62
19
88

$33,100 86
DISBURSEMENTS
-------------------------Loaned on m o rtg a g e..................................................................................
$ 2 ,6 0 0 00
Dues repaid on w ithdraw al, or applied on lo a n s ...........................
19,424 00
D ividends paid on w ithdraw al, or applied on lo a n s ....................
7931
P a id salaries and clerk -h ire...................................................................
153 50
P a id advertising, prin tin g and p osta ge.............................................
138 95
P a id r e n t ...................
12 00
P aid banking departm ent, exam in ation .............................................
13 00
1 69
P a id banking departm ent, a ssessm en t...............................................
Officers’ b o n d s ..............................................................................................
4 65
Office r e p a i r s ................, .............................................................................
42 21
L ib erty bonds pu rch ased..........................................................................
200 00
Sundries .........................................................................................................
2 25
Cash on hand December 31, 1917..........................................................
10,429 30
$33,100 86
P lan, permanent. P a r value o f shares, $130. Instalm ents are 25 cents
weekly.
Shares in force Janu ary 1, 1917, 1,457; shares issued during the year, 1,217;
shares w ithdraw n du rin g the year, 635; shares in force, 2,039. B orrow in g
members, 7, holdin g ,79 shares; non-borrow ing members, 335, h oldin g 1,960
shares. Fem ale shareholders, 152, h oldin g 744 shares. T ota l dividends
credited members du rin g th e year on instalm ent shares, $544.94; rate, 5 per
cent.
N o unpaid w ithdraw als. Entrance fee, 25 cents per share. O perating
expenses, as defined in section 390 o f th e B anking Law, incurred and paid
during the year, $355.25. U npaid, none.
Prem ium plan, gross. Interest paid by b orrow in g members, 6 per cent.
Prem ium paid b y b orrow in g members, 1 per cent.
Loans have been made in E rie county, N ew Y ork State. L argest m ortgage
loan outstanding, $3,120. M ortgages in force in N ew Y ork State, $10,270.
N o foreclosures durin g the year.

THE GERMAN CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION
N o.
[Organized
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................

568 E ast Genesee street, B uffalo, N. Y .
under Law of 1894. Commenced business 1898]
Names
Post-office addresses
MICHAEL KUNTZ.......................... 295 Grey Street.
ARNOLD L. EATON........................ M. & T. National Bank.
ANDREW YOUNG ...........................
5826 Genesee Street.
L. P. HANCOCK................................ Mutual Life Ins. Bldg.

ASSETS
Loans on bond and m ortg a g e.................................................................
Loans on sh a res..........................................................................................
Contracts fo r the sale o f real esta te ...................................................
R eal estate ..................................................................................................
Cash on hand and in b a n k .....................................................................
F u rn itu re and fixtu res..............................................................................




$32,770
325
3, 325
281
3,1 98
134

00
00
00
85
86
50

$40,035 21

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LIABILITIES
D ue shareholders, d u es.............................................................................
D u e shareholders, dividends cred ited .................................................
U ndivided p r o f i t s ......... ................................................................ .............
G u a ra n ty fun d (a s per section 392 o f Banking L a w ) ................

$34,391
3 ,7 4 7
1 ,1 9 6
700

26
70
25
00

$40,035 21
RECEIPTS
Cash on hand Janu ary 1, 1917............................................................
Dues credited t o m em bers.....................................................................
•Money borrow ed ........................................................................................
M ortgages redeemed, foreclosed or transferred t o real e s t a t e ..
L oan s on shares re p a id .............................................................................
Fees received ...............................................................................................
In terest received ........................................................................................
Prem ium r e c e iv e d ......................................................................................
A dvances repaid ........................................................................................

$600 48
3 5 ,5 9 5 45
800 00
7 ,3 4 5 00
645 00
40 00
2, 341 65
151 42
13 75
$47,532 75

DISBURSEMENTS
Loaned on m o rtg a g e..................................................................................
L oaned on shares........................................................................................
D ues repaid o n w ithdraw al, or applied on lo a n s .........................
D ividends p a id on w ith draw al, or applied on lo a n s .....................
P a id borrow ed m oney and p rio r m ortga ges....................................
P a id interest on borrow ed m oney and p rior m ortga ges.............
P a id salaries and clerk -h ire...................................................................
P a id advertising, p rin tin g and p osta ge.............................................
P a id rent ......................
P a id repairs t o real e sta te.....................................................................
P a id taxes, insurance, e t c ......................................................................
P a id banking departm ent, exa m in a tion ............................................
P a id banking departm ent, assessm ent...............................................
Officers’ b o n d s ..............................................................................................
Insurance, furn itu re .................................................................................
S u ndry expense ...................................................................
Cash on hand 'December 31, 1917..........................................................

$ 7 ,2 2 5 00
475 00
3 4 ,42 0 36
474 81
800 00
7 46
706 12
2140
82 50
49 34
4 72
19 50
3 23
10 02
3 18
31 25
3 ,1 9 8 86
$47,532 75

P lan , permanent. P a r valu e o f shares, $50 and $130. Instalm ents are 10
cents and 25 cents weekly.
Shares in fo rce J a n u a ry 1, 1917, 2,5 96 ; shares issued du rin g th e yea r, 360;
shares w ithdraw n during the year, 35 1 ; shares in force, 2,605. B orrow in g
m em bers, 26, h oldin g 2143 shares; n on-borrow ing members, 484, h oldin g 2,362
shares. Fem ale shareholders, 244, h oldin g 1,101 shares. T ota l dividends
credited mem bers du rin g th e year on instalm ent shares, $1,206.54; rate, 4
per cent.
N o unpaid w ithdraw als. M em bership fee, 10 cents and 25 cents. O perating
expenses, a s defined in section 390 o f the B anking Law , incurred and paid
d u rin g th e year, $854.47. U npaid, none.
Prem ium plan, instalm ent. In terest paid b y b orrow in g mem bers, 6 per
cent. Prem ium pa id b y b orrow in g mem bers, 1 per cent.
Loans have been m ade in E rie cou nty, N ew Y o rk State. Largest m ortgage
loan outstanding, $3,400. 'M ortgages in force in N ew Y o rk State, $32,770.
N o foreclosures du rin g the year.




E

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109

GOODELL PERMANENT LOAN ASSOCIATION
N o. 109 G oodell street, Buffalo, N . Y .
[Organized under Law of 1851. Commenced business 1888]
Officers
Names
Post-office addresses
President..................... J. HENRY WALLENHORST.................. 82 Goodell Street.
Secretary..................... JOHN R. SCHWEIGERT........................ 34 Holland Street.
Treasurer...................
WILLIAM C. GERLACH........................ 207 Goodell Street.
Attorney...................... CHARLES J. DEJCKOP............................ 328 Brisbane Bldg.
ASSETS
Loans on bond and m ortg a g e................................................................
Contracts fo r the sale o f real esta te.......................' . .......................
Cash on hand and in b a n k .....................................................................
Furniture and fix tu res..............................................................................
Interest, premium, fees and fines due and unpaid..
$247 00

$84,570
450
11,444
379

00
00
29
33

$96,843 62
LIABILITIES
Due shareholders, d u es..............................................................................
Due shareholders, dividends cred ited .................................................
Balance to be paid borrow ers on m ortgage lo a n s .......................
Undivided p r o f i t s .......................................................................................
G uaranty fund (as per section 392 o f B anking L a w ) ................
Unearned or rebatable prem iu m ............................................................

$81,879
10,563
890
259
2 ,5 00
750

75
92
00
95
00
00

$96,843 62
RECEIPTS
Cash on hand Janu ary 1, 1917..................................
Dues credited t o m em bers.......................................................................
M ortgages redeemed, foreclosed or transferred to real e s ta te ..
In terest received .......................................................................................
Rent received ..............................................................................................
Correction o f e r r o r .....................................................................................

$13,072
48 ,12 7
5 ,1 4 0
4 ,9 6 6
87
2

42
00
00
791
00
28

$71,395 49
DISBURSEMENTS
Loaned on m o rtg a g e...................................................................................
Dues repaid on w ithdraw al, o r applied on lo a n s .........................
D ividends paid on w ithdraw al, or applied on lo a n s ....................
P a id salaries and clerk -h ire...................................................................
P a id advertising, prin tin g and p osta ge.............................................
P aid rent .......................................................................................................
P aid banking departm ent .....................................................................
Officers’ b o n d s ..............................................................................................
J a n itor s e r v ic e .............................................................................................
Gas and w a te r..............................................................................................
Office r e p a i r s ................................................................................................
M is ce lla n e o u s ...............................................................................................
In terest assumed on m ortga ges............................................................
Prem ium refunded ..................................................................................
Cash on hand Decem ber 31, 1917........................................................

$13,900
4 1,726
2 ,9 3 8
1 ,0 14
21
216
25
12
23
11
7
6
33
15
11,444

00
25
29
00
25
00
75
00
46

95
37
55
33
00
29

$71,395 49
Plan, permanent. P a r value o f shares, $130. Instalm ents are 25 cents
weekly.
Shares in force Janu ary 1, 1917, 3,673; shares issued durin g the year, 903;
shares w ithdraw n du rin g the year, 820; shares in force, 3,756. B orrow in g




110

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members, 23, h oldin g 329 shares; non-borrow ing members, 474, h oldin g 3,427
shares. Fem ale shareholders, 308, h oldin g 1,915 shares. T ota l dividends
credited members du rin g the year on instalm ent shares, $3,521.93; rate, 4 %
per cent.
N o unpaid w ithdraw als. O perating expenses, as defined in section 390 o f
the B anking Law , incurred and paid du rin g the year, $1,312.58. U npaid,
none.
Prem ium plan, gross. In terest paid b y borrow in g members, 5 per cent.,
per cent, and 6 per cent. Prem ium pa id b y b orrow in g mem bers, $5 pelshare.
Loans have been made in E rie county, N ew Y ork State. L argest m ortgage
loan outstanding, $5,120. M ortgages in force in N ew Y ork State, $84,570.
N o foreclosures du rin g th e year.

HAMBURGH SAVINGS AND LOAN ASSOCIATION
[Organized
Officers
President.....................
Secretary.....................
Treasurer...................
• Attorney.....................

M ain street, H am burg, N. Y .
under Law of 1851. Commenced business 1890]
Names
Post-office addresses
NEWTON C. FIS H ............................... Hamburg,N. Y.
GEORGE J. BRENDEL......................
Hamburg,N. Y.
OTHO CHURCHILL .......................
Hamburg,N. Y.
FRANK C. BRENDEL......................... BrisbaneBldg., Buffalo.
ASSETS

Loans on bond and m ortg a g e.................................................................
Loans on shares...........................................................................................
Stocks and b on d s........................................ ................................................
Contracts fo r the sale o f real esta te...................................... ..
Cash on hand and in b a n k .....................................................................

$70,965
5 ,8 4 0
3 ,8 2 6
880
7 ,9 0 9

50
00
00
43
53

$89,4 2 1 46
LIABILITIES
D ue shareholders, d u es..............................................................................
D ue shareholders, m atured shares........................................................
D ue shareholders, dividends credited ...............................................
U n divided profits .......................................................................................
G u aran ty fu n d (as per section 392 o f B anking L a w ) ................
U nearned o r rebatable prem iu m ............................................................

$76,0 0 9
176
10,014
439
1 ,8 54
927

50
00
89
60
34
13

$89,421 46
RECEIPTS
Cash on hand Janu ary 1, 1917.............................................................
D ues credited to m em bers.......................................................................
M ortgages redeemed, foreclosed or tran sferred t o real e s t a t e ..
L oan s on shares re p a id ..............................................................................
Fees r e c e iv e d ................................................................................................
In terest r e c e iv e d .........................................................................................
P rem ium received .....................................................................................
Sale o f s a fe ....................................................................................................
L ib e rty bond in stalm en ts.....................................................
C ontracts fo r the sale o f real esta te..................................'. ...............




$588
34 ,75 0
6 ,2 7 0
800
197
4 ,0 8 3
265
75
1 ,1 74
85

59
75
00
00
50
30
00
00
00
50

$48,289 64

E

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111

County

DISBURSEMENTS'
Loaned on m o rtg a g e...................................................................................
Loaned on s h a r e s .......................................................................................
D ues repaid on w ithdraw al, or applied on lo a n s .............................
P a id m atured shares...................................................................................
D ividends paid on w ithdraw al, or applied on lo a n s ....................
Cash dividends pa id on incom e and accum ulative prepaid
shares .........................................................................................................
P a id salaries and clerk-hire .................................................................
P a id advertising, p rin tin g and p osta g e.............................................
P a id rent .......................................................................................................
P a id banking departm ent, exa m in a tion .............................................
P a id banking departm ent, assessm ent...............................................
L ib erty bonds pu rch ased..........................................................................
Accrued interest on b on d s........................................................................
Incidentals ....................................................................................................
Interest paid on m ortgage pu rch ased...............................................
Cash on hand Decem ber 31, 1917........................................................

$14,090
3 ,2 0 0
10,078
5 ,3 41
1 ,5 08

00
00
00
15
06

536
300
44
150
26
5
5 ,0 0 0
76
5
18
7 ,9 09

41
00
97
00
70
03
00
31
08
40
53

$48,289 64
Plan, serial. P a r value o f shares, $130. Instalm ents are 25 cents weekly.
Shares in force Janu ary 1, 1917, 1,244; shares issued du rin g the year,
1,030; shares w ithdraw n durin g th e year, 50 1 ; shares in force, 1,773. B or­
row in g members, 27, holdin g 256 sh a res; non-borrow ing mem bers, 291, h oldin g
1,517 shares. Fem ale shareholders, 96, h oldin g 412 shares. T ota l dividends
credited mem bers durin g the year on instalm ent shares, $3,544.95; rate, 5 9 /1 0
per cent. T ota l dividends credited or p a id in cash t o mem bers du rin g the
year on other shares, $536.41; rate, 4 % p er cent.
N o unpaid w ithdraw als. A m ount o f shares m atured du rin g th e year,
$6,464.75. E ntrance fee, 25 cents per share. O perating expenses, as defined
in section 390 o f the B anking Law , incurred and paid du rin g the year, $500.05.
U npaid, none.
Prem ium plan, gross. In terest paid b y b orrow in g members, 6 per cent.
Prem ium pa id b y b orrow in g members, $5 per share.
Loans have been m ade in E rie county, N ew Y o rk State. L argest m ortgage
loan outstanding, $6,000. M ortgages in force in N ew Y ork State, $70,965.50.
N o foreclosures du rin g the year.

HERCULES PERMANENT SAVINGS AND LOAN ASSOCIATION
[Organized
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................

N o. 188 C herry street, B uffalo, N . Y .
under Law of 1861. Commenced business 1885]
Names
Post-office addresses
ALIOS REGER.......................... 76 Rose Street.
WILLIAM C. CRAMER.........
24 Locust Street.
GEORGE SPINDLER.............
242 Cherry Street.
JACOB STEIN..........................
Brisbane Building.

ASSETS
Loans on bond and m ortga ge.................................................................
Cash on hand and in b a n k .....................................................................
F u rn itu re and fix tu res..............................................................................

$920 00
1,977 65
50 00

$2,947 65
LIABILITIES
= = = = = = = =
D ue shareholders, du es..............................................................................
$2,709 50
D ue shareholders, dividends cred ited .................................................
94 95
U ndivided profits .......................................................................................
48
G uaranty fun d (a s per section 392 o f B anking L a w ) ................
142 72




$2,947 65

112

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S a v in g s

and

L

oan

A

s s o c ia t io n s

r e c e ip t s

Cash on hand J anu ary 1, 1917...............................................................
Dues credited t o m em bers........................................................................
M ortgages redeemed, foreclosed or transferred to real e s ta te ..
Fees r e c e iv e d ................................................................................................
In terest r e c e iv e d .........................................................................................

$ 1 ,18 3
6 ,0 6 3
1 ,170
31
121

74
77
00
16
67

$ 8 ,57 0 34
-- - ............ -

DISBURSEMENTS
D ues repaid on w ithdraw al, or applied on lo a n s ...........................
D ividends paid on w ithdraw al, o r applied on lo a n s ..................
P a id salaries and clerk -h ire...................................................................
P a id banking departm ent, exa m in a tion .............................................
P a id banking departm ent, assessm ent...............................................
Cash on hand D ecem ber 31, 1917..........................................................

$ 6 ,44 5
58
78
10
1
1,9 77

02
16
06
25
20
65

$ 8 ,57 0 34
Plan, permanent. P a r value o f shares, $130. Instalm ents are 25 cents
w eekly.
Shares in force J anu ary 1, 1917, 54 2 ; shares issued during the year, n on e;
shares w ithdraw n du rin g the year, 109; shares in force, 433. B orrow in g
members, 2, h oldin g 16 shares; non-borrow ing mem bers, 65, holdin g 417 shares.
Fem ale shareholders, 25, h oldin g 138 shares. T ota l dividends credited mem­
bers durin g the year on instalm ent shares, $38.12; rate, 3 % per cent.
N o unpaid w ithdraw als. Entrance fee, 25 cents per share. O perating
expenses, as defined in section 390 o f th e B anking Law , incurred and paid
du rin g the year, $78.06. U npaid, none.
Prem ium plan, gross. In terest paid b y borrow in g members, 6 per cent. N o
prem ium charged.
Loans have been made in E rie county, N ew Y ork State. Largest m ortgage
loa n outstanding, $780. M ortgages in force in N ew Y ork State, $920. N o
foreclosures d u rin g the year.

HOMESTEAD SAVINGS AND LOAN ASSOCIATION
[Organized
Officers
President....................
Secretary.....................
Treasurer...................
Attorney......................

N o. 360 P ea rl street, B uffalo, N . Y .
under Law of 1851. Commenced business 1884]
Names
Post-office addresses
GEORGE TROUP.................................................. Holland,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 ortg a g e ...........................
L oan s on shares......................................................
Stocks and b o n d s...................................................
P e a l e s t a t e ..............................................................
Cash on hand and in b a n k ...............................
F u rn itu re and fix tu res........................................
LIABILITIES

$945,580 00
30 ,92 3 00

10,000 00
2 7 ,00 0 00
3 2 ,09 4 98
600 00
$ 1 ,0 4 6 ,1 9 7 98
— - - ■ --------

D ue shareholders, dues and dividends cre d ite d .............................
D ue shareholders, dividends credited on incom e shares..............
Balance to be pa id borrow ers on m ortgage lo a n s .........................
U ndivided profits .......................................................................................
G uaranty fu n d (a s per section 392 o f B anking L a w ) ................
Unearned o r rebatable prem iu m ..........................................................
In divid u a l a c c o u n t s ...................................................................................
Suspended dues, cash o v e r ......................................................................




$957,548 47
1,3 08 00
400 00
11,182 48
5 0 ,0 0 0 00
1 4 ,6 7 3 -5 6
236 53
149 20

E

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113

County

Contingent d iv id e n d s ................................................................................
Suspense a c c o u n t.........................................................................................

$10,645 65
54 09
$ 1 ,0 4 6 ,1 9 7 98

R E C E IP T S

=

Cash on hand Janu ary 1, 1917..............................................................
D ues credited t o m em bers.......................................................................
M ortgages redeemed, foreclosed or transferred to real e s t a t e ..
Loans on shares rep a id ..............................................................................
Fees r e c e iv e d ................................................................................................
Interest r e c e iv e d .........................................................................................
Prem ium r e c e iv e d .......................................................................................
R en t r e c e iv e d ...............................................................................................
In divid u al a c c o u n t s ...................................................................................
Suspended dues, cash o v e r .......................................................................
A pp raisals .....................................................................................................
Suspense accounts .....................................................................................
DISBURSEMENTS
Loaned on m o rtg a g e ..................................................................................
Loaned on s h a r e s ........................................................................................
Dues repaid on w ithdraw al, or applied on lo a n s.............................
P aid m atured s h a r e s ................................................................
Cash dividends paid on incom e and accum ulative prepaid
shares ....................................................................................................
P aid salaries and clerk -h ire.........................................................
P aid advertising, p rin tin g and p osta ge.............................................
P a id r e n t .......................................................................................................
P aid repairs to real esta te.....................................................................
P aid taxes, insurance, e tc ........................................................................
P aid banking departm ent, exam ination .............................................
Paid banking departm ent, assessm ent...............................................
In dividual a c c o u n t s ...................................................................................
Contingent d iv id e n d s ................................................................................
Suspended dues, cash o v e r ................................................. ; .................
M ortgage t a x e s ...........................................................................................
Prem ium rebated .......................................................................................
R egistry fees reb a ted................................................................................
Interest rebated .........................................................................................
L ib erty bonds pu rch ased..........................................................................
Sundry e x p e n s e s .........................................................................................
Cash on hand Decem ber 31, 1917........................................................

=

=

=

$13,104
391,160
107,175
120,091
1,3 50
55,302
2 ,8 2 0
445
2 ,4 7 5
188
4
54

=

06
80
00
00
90
51
00
00
16
82
00
09

$694,171 34
-------$112,600 00
120,419 00
217,577 51
173,276 18
1,957
5 ,3 63
461
474
162
S98
61
66
2 ,471
13,044
240
335
920
28
63
10,000
1,653
3 2 ,09 4

00
00
84
75
81
49
50
41
12
50
29
00
61
90
63
00
82
98

$694,171 34
Plan, permanent. P a r value o f shares, $50 and $100. Instalm ents are 10
cents and 20 cents weekly.
Shares in force Janu ary 1, 1917, 40,807; shares issued du rin g the year,
8 ,8 3 3 % ; shares w ithdraw n durin g the year, 10,652; shares in force, 38,988% .
B orrow in g members, 433, h oldin g 6,219 shares; non-borrow ing members, 2,949,
h oldin g 32,769% shares. Fem ale shareholders, 2,045, holding 20,957 shares.
T ota l dividends credited members durin g the yea r on instalm ent shares,
$44,533.23; rate, 4 per cent. T ota l dividends credited or paid in cash to
members du rin g the year on other shares, $2,330; rate, 4 per cent.
N o unpaid w ithdraw als. A m ount o f shares m atured du rin g the year,
$186,320.68. Entrance fee, 20 cents per share. O perating expenses, as defined
in section 390 o f the B anking Law , incurred and paid du rin g the year,
$7,949.41. Uinpaid, none.
Prem ium plan, gross. In terest paid b y b orrow in g members, 5 per cent,
and 6 per cent. Prem ium paid b y b orrow in g members, $4 on each $100 share.
Loans have been made in E rie and Genesee counties, New Y ork State.
Largest m ortgage loan outstanding, $18,400. M ortgages in force in N ew Y ork
State, $945,580. N o foreclosures du rin g the year.




114

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L oan A

s s o c ia t io n s

HYDRAULIC MUTUAL SAVINGS AND LOAN ASSOCIATION
N o. 813 Seneca street, B u ffalo, N . Y .
[Organized under Law of 1851.
r i^ lU C lllM

• * • • ♦ • • • •

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

M / V Y A A U

Commenced business 1881]

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

JULIEN A. RIESTER....................
EUGENE J. RIESTER....................
HENRY J. ROSCHE.........................

61V

D tlU S

AVCUUC.

230 East Ferry Street.
588 Linwood Avenue.
28? East North Street.

ASSETS
L oan s on bond and m ortg a g e.................................................................
Stocks and b on d s.........................................................................................
Contracts fo r the sale o f real estate....................................................
•Cash on hand and in b a n k .....................................................................
F u rn itu re and fix tu res..............................................................................
LIABILITIES
D ue shareholders, dues and dividends cred ited .............................
U ndivided p r o f i t s .......................................................................................
G uaran ty fun d (as per section 392 o f Banking L a w ) ................
U nearned or rebatable p rem iu m ..........................................................

$ 76,458
1 ,0 0 0
1 ,5 75
10,566
75

00
00
00
72
00

$89,672 72
........ ............
$71,891
8 ,4 6 3
5 ,0 0 0
4 ,3 1 7

82
71
00
19

$89,672 72
RECEIPTS
Cash on hand J anu ary 1, 1917............................................................
D ues credited to m em bers........................................................................
M ortgages redeemed, foreclosed o r tran sferred t o real e s t a t e ..
B e a l estate s o ld ...........................................................................................
Fees r e c e iv e d ................................................................................................
F ines r e c e iv e d ..............................................................................................
In terest r e c e iv e d .........................................................................................
Prem iu m r e c e iv e d ........... : .......................................................................
B en t received ..............................................................................................
C on tra ct fo r th e sale o f rea l esta te.....................................................
Gain on real esta te...................................................................................

$13,4 0 5
31,718
9 ,8 7 6
1 ,7 50
290
65
4 ,7 3 2
750
234
525
1,041

33
00
50
45
50
16
76
00
70
00
85

$ 6 4 ,3 9 0 25
D ISBU RSEM EN TS

Loaned on m ortg a g e...................................................................................
D ues rep aid on w ith draw al, o r applied on lo a n s .............................
P a id m atured shares...................................................................................
P a id salaries and clerk -h ire...................................................................
P a id advertising, p rin tin g and posta ge...............................................
P a id r e n t .......................................................................................................
P a id repairs to real esta te.....................................................................
P a id taxes, insurance, e tc ............................. •
.........................................
P a id banking departm ent, assessm ent...............................................
Officers’ b o n d s ..............................................................................................
L ib e rty bonds pu rch ased..........................................................................
P rem ium rebated .......................................................................................
C ollection o f re n ts .......................................................................................
Com m ission on sale o f real esta te......................................................
Searches .........................................................................................................
F u r n i t u r e .......................................................................................................
M o v in g .............................................................................................................
Cash on hand Decem ber 31, 1917........................................................




-------- --------■ = =

$14,350
2 5 ,0 3 6
11,738
862
9
104
32
87
6
20
1 ,0 0 0
343
23
157
11
38
3
10,566

00
21
81
25
35
00
25
00
28
00
00
19
47
82
00
90
00
72

$64,390 25

E

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Co u nty

115

Plan, permanent. P a r value o f shares, $100. Instalm ents are 25 cents
weekly.
Shares in fo rce January 1, 1917, 2,407; shares issued during th e year,
1,161; shares w ithdraw n during the year, 1,169; shares in force, 2,399. B or­
row in g members 40, holding 373 shares; n on-borrow ing members, 375, holding
2,026 shares. Fem ale shareholders, 200, h oldin g 952 shares. T ota l dividends
credited members during the year on instalm ent shares, $3,196.90; rate, 5
per cent.
N o unpaid w ithdraw als. A m ount o f shares m atured during the year,
$11,738.81. Entrance fee, 25 cents per share. O perating expenses, as defined
in section 390 o f the Banking Law , incurred and paid du rin g th e year,
$1,022.07. U npaid, none.
Prem ium plan, gross. Interest pa id b y borrow in g members, 12 % cents per
share per week. Prem ium paid b y b orrow in g members, $10 per share.
Loans have been made in E rie county, New Y ork State. L argest m ortgage
loan outstanding, $3,000. M ortgages in force in N ew Y ork State, $76,456.
N o foreclosures during the year.

INDUSTRY PERMANENT DIME SAVING AND LOAN ASSOCIATION
N o. 173 Peckham street, B uffalo, N . Y .
[Organized under Law of 1851. Commenced business 1891]
Officers
Post-office addresses
Names
P H IL IP P RO SE N K R A N Z-----18 Sweeney Street.
President.. .
F R IT Z W E IS S ...........................
Secretary.. .
757 Broadway.
Treasurer..,
FRED W EISS............................ 30 Herman Street.
THEODORE STEEG............... 1048 Genesee Street.
Attorney. . .
ASSETS
Loans on bond and m ortg a g e.................................................................
Cash on hand and in b a n k .......................................................................

$30,3 1 5 40
4 ,1 4 4 39
$34,459 79

LIAB ILITIES
D ue shareholders, d u es..............................................................................
D ue shareholders, dividends cred ited .................................................
U ndivided p r o f i t s .......................................................................................
G uaranty fund (a s per section 392 o f B anking L a w ) ................
Unearned o r rebatable prem iu m ............................................................

$26,831
3 ,1 02
1 ,200
1 ,515
1 ,8 10

96
32
51
00
00

$34,459 79
RECEIPTS
Cash on hand J anu ary 1, 1917............................................................
Dues credited to m em bers........................................................................
M ortgages redeemed, foreclosed or transferred to real e s t a t e ..
Fees received ..............................................................................................
Fines r e c e iv e d ..............................................................................................
In terest r e c e iv e d .........................................................................................
Prem ium r e c e iv e d .......................................................................................
Advances r e p a i d .........................................................................................
O verdraft r e p a i d ........................

$ 9 ,57 4 72
16,609 32
784 60
133 05
14 55
1 ,635 33
500 00
79 50
100 00
$29,431 07

DISBURSEMENTS
Loaned on m o rtg a g e...................................................................................
Dues repaid on w ithdraw al, or applied on lo a n s .............................
D ividends pa id on w ithdraw al, or applied on lo a n s .......................
P a id salaries and clerk-h ire...................................................................
P a id advertising, p rin tin g and p osta ge.............................................




$7 ,50 0
16,124
1 ,0 75
443
17

00
84
64
25
65

116

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and

L

oan

A

s s o c ia t io n s

P a id rent .......................................................................................................
P a id banking departm ent, exa m in a tion .............................................
P a id bankin g departm ent, a s sessm en t...............................................
Advances fo r taxes, insurance, e t c ......................................................
P rofit and loss ............................................................................................
Cash on hand Decem ber 31, 1917........................................................

$10
25
2
79
7
4 ,1 4 4

00
00
96
50
84
39

$29,431 07

Plan, permanent. P a r valu e o f shares, $100. Instalm ents are 10 cents
weekly.
Shares in force Ja n u a ry 1, 1917, 1,580; shares issued du rin g the year, 1,920;
shares w ithdraw n du rin g the year, 1,868; shares in force, 1,632. B orrow in g
members, 9, h oldin g 303 shares; non-borrow ing members, 174, h oldin g 1,329
shares. Fem ale shareholders, 84, h oldin g 660 shares. T ota l dividends
credited members du rin g the year on instalm ent shares, $278.63; rate, 4 per
cent. T o ta l dividends credited or paid in cash to mem bers durin g th e year
on other shares, $843.27; rate, 4 per cent.
N o unpaid w ithdraw als.
Entrance fee, 10 cents per share.
O perating
expenses, as defined in section 390 o f th e B anking Law , incurred and paid
du rin g the year, $498.86. U npaid, none.
Prem ium plan, gross. Interest^ paid b y b orrow in g members, 6 per cent.
Prem ium pa id b y b orrow in g members, 10 per cent.
L oan s have been made in E rie county, N ew Y ork State. Largest m ortgage
loan outstanding, $5,400. M ortgages in force in N ew Y ork State, $30,315.40.
N o foreclosures du rin g the year.

IRISH-AMERICAN

s a v in g s a n d l o a n a s s o c ia t io n

N o. 138 P earl street, Buffalo, N. Y .
[Organized under Law of 1851. Commenced business 1884]
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................

Names
Post-office addresses
WILLIAM J. FORSYTH....................................
Buffalo, N. Y.
JOSEPH W. DOOLEY....................................... Buffalo, N. Y.
JAMES HANRAHAN......................................... Buffalo, N. Y.
GEO. J. COCHRANE........................................... Buffalo, N. Y.

ASSETS
L oans on bond and m ortg a g e............................................................... $ 2 ,7 0 8 ,7 5 3
L oan s on shares.........................................................................................
9 2 ,85 2
Stocks and b o n d s.......................................................................................
*45.850
Cash on hand and in b a n k .....................................................................
228,886
A dvances fo r taxes, insurance, e t c ......................................................
27
Instalments due and unpaid.........................................
$1,698 00
Interest, premium, fees and fines due and unpaid..
1,327 42

66
38
00
73
55

$ 3 ,0 7 6 ,3 7 0 32
LIABILITIES
D ue shareholders, du es............................................................................ $ 2 ,6 6 3 ,7 6 3
D ue shareholders, dividends cred ited ...............................................
239,798
U ndivided profits .......................................................... ..........................
2 6 ,80 8
G uaranty fu n d (a s per section 392 o f B anking L a w ) ................
145,000
U nearned o r rebatable prem iu m ........................................................
1 .0 00




71
50
11
00
00

$3 ,076 ,37 0 32

E

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C ounty

RECEIPTS
Cash on hand Janu ary 1, 1917............................................................
Dues credited to m em bers.....................................................................
M ortgages redeemed, foreclosed or transferred to real e s t a t e ..
Loans on shares re p a id .....................................................
Fees received .............................................................................................
Fines received ...........................................................................................
Interest received ...............................
D ividends retained on w ith d raw a ls...................................................
Advances repaid .......................................................................................
L ib erty bonds s o ld .....................................................................................
N ational defense savings shares..........................................................

117

$237,997
1 ,1 4 4 ,1 8 3
341,742
74,253
3 ,9 0 5
824
166,154
5 ,0 47
139
4 ,1 5 0
15,677

06
53
00
60
25
58
72
60
79
00
00

$ 1 ,9 9 4 ,0 7 5 13
DISBURSEMENTS
Loaned on m o rtg a g e................................................................................
Loaned on shares.......................................................................................
Dues repaid on w ithdraw al, o r applied on lo a n s .........................
P a id m atured shares................................................................................
D ividends paid on w ithdraw al, o r applied on lo a n s ....................
P a id salaries and clerk -h ire.................................................................
P a id advertising, prin tin g and posta ge...........................................
P a id rent ....................................................................................................
P aid banking departm ent, exam ination ..........................................
P aid banking departm ent, assessm ent...............................................
Advances fo r taxes, insurance, e t c ......................................................
A pp ra isin g property ..............................................................................
A u ditin g ......................................................................................................
Individual accounts ..................................................................................
N ational defense savings shares..........................................................
In terest .........................................................................................................
L ib erty bonds pu rch ased........................................ ..............................
Accrued interest on b on d s.....................................................................
Cash on hand Decem ber 31, 1917........................................................

$655,362
85,647
593,140
312,031
44 ,09 0
11,211
1,6 96
2 ,4 0 0
179
161
55
3 ,2 7 4
80
532
5 ,1 5 0
22
50 000
154
228,886

00
73
16
50
13
00
88
00
55
49
35
00
00
20
00
23
00
18
73

$ 1 ,9 9 4 ,0 7 5 13
Plan, serial. P a r value o f shares, $130. Instalm ents are 25 cents weekly.
Shares in force Janu ary 1, 1917, 93,300; shares issued du rin g the year,
33,468; shares w ithdraw n du rin g the year, 14,166; shares in force, 112,602.
B orrow in g members, 946, holding 12.270 shares; non-borrow ing members,
7,224, h oldin g 100.332 shares. Fem ale shareholders, 4,135, h oldin g 56,301
shares. T ota l dividends credited members du rin g the year on instalm ent
shares. $111,852.30; rate 6 per cent. T ota l dividends credited or paid in
cash to members du rin g the year on other shares, $19,333.33; rate 3 Ys per
cent, and 4 per cent.
N o unpaid w ithdraw als. A m ount o f shares m atured du rin g the year,
$312,031.50. Entrance fee, 25 cents per share. O perating expenses, as defined
in section 390 o f the B anking Law , incurred and paid du rin g the year,
$19,182.08. U npaid, none.
Prem ium plan, gross. Interest paid b y b orrow in g members, 6 per cent.
N o prem ium charged.
Loans have been made in E rie county. New Y ork State. L argest m ortgage
loan outstanding, $30000.
M ortgages in fo rce in N ew Y ork State,
$2,708,753.66. F ou r foreclosures during the year.




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ITALIAN-AMERICAN SAVINGS AND LOAN ASSOCIATION
N o. 228 C ou rt street, B uffalo, N . Y .
[Organized under Law o f 1914. Commenced business 19151
Officers
Names
Post-office addresses
President................... CARMELO G U G IN O ............................
36 Mechanic Street.
Secretary................... HORACE O. L A N Z A ................................ 228 Court Street.
Treasurer................... HORACE O. LANZA................................
228 Court Street.
Attorney..................... HORACE O. LANZA................................ 921 White Building.
'
ASSETS
Loans on bond and m o rtg a g e.................................................................
Cash on hand and in b a n k .....................................................................

$ 1 8 ,0 0 0 00
4 ,1 3 6 78

$22,136 78
LIABILITIES
==================
D ue shareholders,
d u es....................................................................
$ 11,190 16
D ue shareholders, dividends cred ited................................................
25 56
B orrow ed m oney .......................................................................................
10,000 00
U ndivided p r o f i t s .......................................................................................
908 88
G uaran ty fun d (a s per section 392 o f B anking L a w ) ..................
12 18
$22,1 3 6 78
RECEIPTS
=========
$ 5 ,6 2 4 66
Cash on hand Ja n u a ry 1, 1917............................................................
D ues credited t o m em bers.....................................................................
4 3 ,6 0 4 35
M oney borrow ed ....................................................................................
10,000 00
M ortgages redeemed, foreclosed or transferred to real e s t a t e ..
38 ,78 0 00
L oans on shares re p a id ............................................................................
760 00
Fees received ..............................................................................................
6 50
In terest received .......................................................................................
1 ,583 95
D ividends retained on w ith d raw a ls....................................................
1 35
$10 0,3 6 0 81
DISBURSEMENTS
= = = = = = =
L oan ed on m o rtg a g e...................................................................................
$23,2 4 0 00
L oaned on sh a res.......................................................................................
400 00
D ues repaid on w ithdraw al, or applied on lo a n s ............................
70 ,67 7 24
D ividends pa id on w ithdraw al, or applied on lo a n s ......................
352 13
Cash dividends pa id on incom e and accum ulative prepaid
shares .........................................................................................................
468 17
47 05
P a id interest on borrow ed m oney and p rior m ortg a g es...............
P a id salaries and clerk -h ire.................................................................
445 00
P a id rent .......................................................................................................
3 34
Expenses, sale o f m ortga ges.................................................................
591 10
Cash on hand Decem ber 31, 1917........................................................
4 ,1 3 6 78
$ 1 00,360 81
P lan , permanent. P a r value o f shares, $130. Instalm ents are 25 cents
weekly.
Shares in fo rce J anu ary 1, 1917, 713; shares issued du rin g the year, 146;
shares w ithdraw n du rin g th e year, 127; shares in force, 732. B orrow in g
m em bers, 5, h oldin g 99 shares; non-borrow ing members, 53, h oldin g 633
shares. Fem ale shareholders, 6, holding 22 shares. T ota l dividends credited
m em bers durin g th e y ea r on instalm ent shares, $194.40; rate 6 per cent.
T o ta l dividends credited o r paid in cash t o members du rin g the year on other
shares, $488.17; rate 4 per cent.
N o unpaid w ithdraw als. Entrance fee, 25 cents per share. O perating
expenses, as defined in section 390 o f the B anking Law , incurred and pa id
du rin g th e year, $448.34. U npaid, none.
P rem iu m plan, instalm ent. Interest pa id b y borrow in g members, 6 per
cent. N o prem ium charged.
L oan s have been m ade in E rie county, N ew Y o rk State. L argest m ortgage
loa n outstanding, $4,000. M ortgages in force in N ew Y ork State, $18,000.
N o foreclosures du rin g th e year.




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JEFFERSON SAVINGS AND LOAN ASSOCIATION
N o. 1290 Jefferson street, B uffalo, N . Y ,
[Organized under Law o f 1914. Commenced business 1915]
Post-office addresses
Officers
Names
1294 Jefferson Street.
WILLIAM O. BISHOP----President.
EDWARD D E C K .....................
166 Winslow Avenue.
Secretary.
Treasurer
GEORGE F. GROF................... 384 Cresent Avenue.
Attorney.
FREDERICK G. BAG L E Y ...
275 Riley Street.
ASSETS
Loans on bond and m ortga ge.................................................................
Loans on shares.........................................................................................
Stocks and b on d s.......................................................................................
Cash on hand and in b a n k .....................................................................
Furn itu re a nd fix tu res..........................................................................

$42,8 0 0
1,895
3 ,3 00
5 ,175
300

00
00
00
86
00

$53,470 86
LIABILITIES
Due shareholders, d u es..............................................................................
D ue shareholders, dividends cred ited ...............................................
U ndivided profits .......................................................................................
G uaranty fund (as per section 392 o f B anking L a w ) ................
D ue subscribers to L ib erty b on d s........................................................

$50,067
1 ,7 9 0
1,011
173
428

00
89
18
79
00

$53,470 86
RECEIPTS
Cash on hand Janu ary 1, 1917............................................................
D ues credited to m em bers............................................................ . . . .
M oney b o r r o w e d ........................................................................................
M ortgages redeemed, foreclosed o r transferred to real e s ta te ..
Loans on shares re p a id ..........................................................................
Fees received ..............................................................................................
Interest received .......................................................................................
Prem ium received .....................................................................................
D ividends retained on w ith draw a ls...................................................
L ib e rty bonds s o ld ...................................................................................
Subscriptions on L ib erty b on d s..........................................................

$ 5,457 75
4 9,023 75
3 ,6 5 0 00
700 00
666 00
355 25
2 ,4 53 44
247 80
7001
1,700 00
2 ,1 28 00
$66 452 00

DISBURSEMENTS
Loaned on m o rtg a g e................................................................................
Loaned on shares.......................................................................................
Dues repaid on w ithdraw al, o r applied on lo a n s .........................
D ividends paid on w ithdraw al, or applied on lo a n s ....................
P aid borrow ed m oney and p rior m ortg a g es..................................
P a id interest on borrow ed m oney and p rior m ortga ges..............
P a id salaries and clerk-h ire.................................................................
P a id advertising, p rin tin g and p osta ge...........................................
P aid rent ....................................................................................................
P a id banking departm ent, assessm ent...............................................
Office supplies ...........................................................................................
Furn itu re and fix tu res............................................................................
L ib erty bonds pu rch ased..........................................................................
Cash on hand Decem ber 31, 1917........................................................




$17,500
1,995
30,271
233
3 ,6 50
15
250
191
259
2
95
112
6 ,7 00
5 ,1 75

00
00
00
77
00
36
00
30
00
92
05
74
00
86

$66 452 00

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Plan, permanent. P a r value o f shares $130. Instalm ents are 25 cents
weekly.
Shares in fo rce J a n u a ry 1, 1917, 2,978; shares issued d u rin g the year,
2,3 45 ; shares w ith draw n during the year, 1,126; shares in force, 4,197.
B orrow in g members, 13, h oldin g 130 shares; non-borrow ing members, 681,
h oldin g 4,067 shares. Fem ale shareholders, 388, h oldin g 1,911 shares. T otal
dividends credited mem bers du rin g th e year on instalm ent shares, $1,365.10;
ra te 4 % per cent. T ota l dividends credited o r paid in cash to members
du rin g the yea r on oth er shares, $20.19; ra te 3 per cent.
N o unpaid w ithdraw als. Entrance fee, 25 cents per share. O perating
expenses, as defined in section 390 o f th e B anking Law , incurred and paid
du rin g the year, $908.09. U npaid, none.
Prem ium plan, instalm ent. Interest pa id b y b orrow in g mem bers, 6 per
cent. Prem ium pa id b y b orrow in g members, 5 cents per share per week.
L oans have been m ade in E rie county, N ew Y ork State. L argest m ortgage
loan outstanding, $3,000. M ortgages in force N ew Y ork State, $42,800. N o
foreclosures du rin g th e year.

KENMORE SAVINGS AND LOAN ASSOCIATION
N o. 2852 D elaw are avenue, K enm ore, N . Y .
[Organized under law of 1914. Commenced business 19171
Officers
Names
Post-office addresses
President.......................... CHARLES A. SCHEELER........................Buffalo, N. Y.
Secretary.......................... JOHN S. GILBERT...................................... ' Kenmore, X. Y.
Treasurer........................ WILLIAM W. WHITELOCK.....................~ Kenmore. X. Y.
Attorney.......................... JOHN S. KNIBLOE.................................... ‘ Buffalo, N. Y.
ASSETS
Loans on bond and m o rtg a g e.................................................................
Loans on shares...........................................................................................
Cash on hand and in b a n k ..................................... ...............................
F u rn itu re and fix tu res..............................................................................

$ 4 ,30 0
46
4 ,9 8 2
240

00
00
34
00

$ 9 ,5 6 8 34
LIABILITIES
D ue shareholders, du es............................................................................
D ue shareholders, dividends cred ited ..................................................
U ndivided profits .....................................................................................
G uaran ty fu n d ( as per section 392 o f Banking L a w ) ..................
Special deposit .........................................................................................
Clerk-hire unpaid .....................................................................................

$ 9,228
31
259
3
20
25

75
78
37
44
00
00

$ 9 ,56 8 34
RECEIPTS
D ues credited t o m em bers........................................................................
M ortgages redeemed, foreclosed o r transferred to real e s ta te ..
L oans on shares re p a id ..........................................................................
Fees received ..............................................................................................
F ines received ............................................................................................
In terest received .......................................................................................
Prem ium received ...................................................................................
B en t received ............................................................................................
D ividends retained on w ith d raw a ls....................................................
G u a ra n ty fu n d .........................................................................................
Special deposits .......................................................................................
P ro fit and lo s s ............................................................................................
D ividends credited ...................................................................................




$10,7 7 5
400
185
331
17
175
16.

25
00
00
50
45
55
76

12 00
1
3
185
25
36

19
44
40
50
91

$12,165 95

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DISBURSEMENTS
Loaned on m o rtg a g e...................................................................................
Loaned on shares.......................................................................................
Dues repaid on w ithdraw al, o r applied on lo a n s .........................
D ividends paid on w ithdraw al, or applied on loa n s......................
P a id advertising, p rin tin g and p osta ge.............................................
P a id banking departm ent .....................................................................
F u rn itu re and fixtu res..............................................................................
Expense o f lo a n s .......................................................................................
P rofit and lo s s ...........................................................................................
Cash on hand Decem ber 31, 1917........................................................

$ 4 ,70 0 00
231 00
1,546 50
5 13
244 98
10 25
240 00
165 '40
40 35
4 ,9 8 2 34
$12,165 95

Plan, permanent. P a r value o f shares, $125. Instalm ents are 25 cents
weekly.
Shares in force Janu ary 1, 1917, n on e; shares issued du rin g the year,
1,238; shares w ithdraw n during the year, 20 9 ; shares in force, 1,029. B orrow ­
ing members, 3, holdin g 35 sh ares; non-borrow ing members, 119, holding
994 shares. Fem ale shareholders, 34, h oldin g 140 shares. T ota l dividends
credited mem bers du rin g the year on instalm ent shares, $36.76; rate, 4 per
cent. T ota l dividends credited or paid in cash to members du rin g the year
on oth er shares, 15 cen ts; rate, 4 per cent.
N o unpaid w ithdraw als.
Entrance fee, 25 cents per share. O perating
expenses, as defined in section 390 o f the Banking Law , in curred and paid
during the year, $244.98. O perating expenses, as defined in section 390 of
the Banking Law , incurred durin g the yea r and rem aining unpaid, $25.
Prem ium plan, perm ium -interest. Interest paid b y b orrow in g members,
6 per cent. Prem iu m paid b y borrow in g members, 2 ]/-> cents per share per
week.
Loans have been m ade in E rie county, N ew Y o rk State. L argest m ortgage
loan outstanding, $2,300. M ortgages in force in N ew Y ork State, $4,300. N o
foreclosures du rin g the year.

LACKAWANNA SAVINGS AND LOAN ASSOCIATION
N o. 955 R id ge road, Lackaw anna, N. Y .
[Organized under Law o f 1914. Commenced business 1914]
Officers
Names
Post-office addresses
President..................... TALMADGE BLASS................................ Lackawanna, N. Y.
Secretary.....................
MARTIN T. RYAN....................................
Lackawanna, N. Y.
Treasurer...................
MARTIN I. DELANEY............................ Lackawanna, N. Y,
Attorney.....................
JOHN J. SULLIVAN................................ Lackawanna, N. Y.
ASSETS
Loans on bond and m ortg a g e..............................................................
Cash on hand and in b a n k .....................................................................

$13,300 00
2 ,0 5 2 78
$15,352 78

LIABILITIES
Due shareholders,
du es.....................................................................
D ue shareholders, dividends cred ited ................................................
U ndivided profits
.........................................................................
G uaranty fund (as per section 392 o f Banking L a w ) ..................
Suspense account .......................................................................................




$14,354
622
320
30
25

30
86
62
00
00

$15,352 78

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Cash on hand Ja n u a ry 1,1917..........................
Dues credited to m em bers.....................................................................
M oney borrow ed .......................................................................................
Fees received ..............................................................................................
In terest received .....................................................................................
Suspense a c c o u n t .......................................................................................

$1 ,33 8
6 ,0 4 5
1 ,3 00
10
663
25

08
88
00
00
84
00

$ 9 ,38 2 80
DISBURSEMENTS
Loaned on m o rtg a g e...................................................................................
D ues repaid on w ithdraw al, or applied on lo a n s .........................
D ividends paid on w ith draw al, or applied on lo a n s ....................
P a id borrow ed m oney and p rior m ortga ges....................................
P a id interest on borrow ed m oney and p r io r m ortga ges...........
P a id salaries and clerk -h ire.................................................................
P a id advertising, p rin tin g and posta ge...........................................
P a id banking departm ent, assessm ent...............................................
Officers’ bonds ............................................................................................
Cash on hand Decem ber 31, 1917........................................................

$ 2 ,80 0 00
1 ,663 08
9 52
2 ,8 0 0 00
13 42
14 50
10 47
170
17 33
2 ,0 5 2 78
$ 9 ,38 2 80

Plan, permanent. P a r value o f shares, $100. Instalm ents are 50 cents
m onthly.
Shares in force J anu ary 1, 1917, 9 4 2 ; shares issued du rin g the year, 172;
shares w ithdraw n du rin g the year, 101; shares in force, 1,013. B orrow in g
members, 9, holdin g 133 shares; non-borrow ing mem bers, 73, h oldin g 880
shares. Fem ale shareholders, 10, h oldin g 69 shares. T ota l dividends credited
m em bers du rin g th e yea r on instalm ent shares, $377.75; rate 5 per cent.
T o ta l dividends credited o r p a id in cash to mem bers du rin g the year on other
shares, $119.94; rates, variou s.
N o unpaid w ithdraw als.
M em bership fee, $1.
O perating expenses, as
defined in section 390 o f th e Banking Law , incurred and p a id d u rin g th e
year, $44. U npaid, none.
N o prem ium plan. In terest paid b y b orrow in g members, 6 per cent. N o
prem ium charged.
L oan s have been m ade in E rie county, N ew Y ork State. L argest m ortgage
loa n outstanding, $2,200. M ortgages in fo rce in N ew Y ork State, $13,300.
N o foreclosures d u rin g the year.

LOVEJOY PERMANENT DIME SAVINGS AND LOAN ASSOCIATION
N o. 668 W illia m street, B uffalo, N . Y .
[Organized under Law of 1851. Commenced business 1891]
Officers
President.....................
Secretary.....................
Treasurer....................
Attorney......................

Names
HENRY SCHMIDT............................
OHARLES LOWENSTEIN................
ANTON VOLK.....................................
J. ADAM W EISS................................

Post-office addresses
39 Blake Street.
1546 Fillmore Avenue.
93 Stanton Street.
Mutual Life Bldg.

ASSETS
L oan s on bond and m ortg a g e...............................................................
L oan s on shares............................................................................................
Stock s and b o n d s.......................................................................................
Cash on hand and in b a n k .....................................................................




$ 1 9 ,9 6 3
311
500
4 ,9 7 1

75
25
00
40

$25,746 40

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LIABILITIES
Dne shareholders, du es..............................................................................
D ue shareholders, dividends cred ited ...............................................
U ndivided profits .....................................................................................
G uaranty fu n d (as per section 392 o f B anking L a w ) ..............
Unearned o r rebatable p r e m iu m .....................................................

$21,665
1,6 93
1,0 12
1 ,000
375

37
04
99
00
00

$ 25,746 40

RECEIPTS
Cash on hand J anu ary 1, 1917............................................................
Dues credited to m em bers.....................................................................
M ortgages redeemed, foreclosed or transferred t o real e s t a t e ..
Loans on shares re p a id ..........................................................................
Fees received ..............................................................................................
Fines received ...........................................................................................
Interest received .......................................................................................
Prem ium received ...................................................................................
P ro fit and loss, dues and d ividen ds...................................................

$ 6,538
15,751
1,467
268
193
65
947
539
104

55
74
50
75
85
35
80
98
50

$ 25,878 02

DISBURSEMENTS
Loaned on m o rtg a g e...................................................................................
Dues repaid on w ithdraw al, or applied on lo a n s .........................
D ividends paid on w ithdraw al, o r applied on lo a n s....................
P a id salaries and clerk -h ire.................................................................
P aid advertising, p rin tin g and p osta ge...........................................
P aid rent ....................................................................................................
P aid banking departm ent, exa m in a tion .............................................
P aid banking departm ent, assessm ent...............................................
Officers’ bonds ...........................................................................................
L ib erty bonds pu rch ased..........................................................................
Cash on hand Decem ber 31, 1917......................................................

$6,256
12,498
1,007
577
13
20
19
2
12
500
4,971

25
25
38
90
02
00
50
32
00
00
40

$25,878 02

Plan, permanent. P a r value o f shares, $100. Instalm ents are 10 cents
weekly.
Shares in fo rce Janu ary 1, 1917, 2,647; shares issued durin g th e year,
2,324; shares w ithdraw n during th e year, 1,490; shares in force, 3,481.
B orrow in g m em bers, 15, h oldin g 400 shares; n on-borrow ing members, 240,
h oldin g 3,081 shares. Fem ale shareholders, 121, holding 1,459 shares. Total
dividends credited members during the year on instalm ent shares, $1,004.97;
rate, 6 per cent.
N o unpaid w ithdraw als. Entrance fee, 5 cents and 10 cents per share.
O perating expenses, as defined in section 390 o f the B anking Law , incurred
and paid du rin g the year, $622.92. Unpaid, none.
Prem ium plan, gross. In terest p a id b y b orrow in g members, 6 per cent.
Prem ium pa id by b orrow in g members, 7 % per cent.
Loans have been made in E rie county, N ew Y ork State. L argest m ortgage
loan outstanding, $3,762.50.
M ortgages in force in New Y ork State,
$19,963.75. N o foreclosures during the year.




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NIAGARA SAYINGS AND LOAN ASSOCIATION
N o. 12 M ain street, Tonaw anda, N . Y .
[Organized under Law o f 1891. Commenced business 1890]
Officers
Names
Post-office addresses
President...
FEED ENGELKING................................... Tonawanda, N. Y.
Secretary.. .
EDWARD W. BETTS................................... Tonawanda, N. Y.
Treasurer..
CHARLES ZU CK M U IER..........................
Tonawanda. N. Y.
Attorney. . .
JOHN K. PATTON........................................ Tonawanda, N. Y.
ASSETS
L oan s on bond and m o rtg a g e................................................................. $ 1 ,0 5 6 ,0 2 6
Loans on shares............................................................................ ............
6 ,2 4 0
Stocks and b on d s.......................................................................................
2 5 ,0 0 0
R ea l estate ................................................................................................
3 ,6 5 2
Cash on hand and in b a n k ......................................................................
6 3,191
F u rn itu re and fixtu res............................... ...........................................
300
A dvances fo r taxes, insurance, e t c ....................................................
181
Instalments due and unpaid........................................
$8,789 75
Interest, premium, fees and fines due and unpaid..
2,395 44

93
00
00
75
58
00
42

$ 1 ,1 5 4 ,5 9 2 68
LIABILITIES
D ue shareholders, d u es..........................................................................
D ue shareholders, dividends cred ited .............................................
B orrow ed m o n ey .......................................................................................
U ndivided profits
...................................................................................
G uaran ty fun d (a s per section 392 o f B anking L a w ) ................

$938,588
149,580
1 ,4 0 0
2 5 ,02 3
4 0 ,00 0

50
84
00
34
00

$ 1 ,1 5 4 ,5 9 2 68
RECEIPTS
Cash on hand Janu ary 1, 1917............................................................
D ues credited to m em bers.-...................................................................
M ortgages redeemed, foreclosed or transferred to real e s t a t e ..
L oan s on shares re p a id ..........................................................................
R eal estate s o ld .........................................................................................
Fees received ..............................................................................................
F ines received ..........................................................................................
In terest received .......................................................................................
P rem ium r e c e iv e d .......................................................................................
D ividends retained on w ith draw a ls....................................................
A dvances rep aid .......................................................................................
P ro fit and loss, real esta te...................................................................

$37,4 9 9
327,226
162,1 1 0
3 ,6 4 0
3 ,4 3 9
1,818
947
61 ,47 5
7 ,2 5 5
3 ,4 2 3
31
2.28S

33
25
00
00
21
25
31
17
51
89
55
96

$611,155 43
DISBURSEMENTS
Loaned on m o rtg a g e...................................................................................
Loaned on shares .....................................................................................
D ues repaid on w ith draw al, or applied on l o a n s .------•
..............
P a id m atured shares ..............................................................................
D ividends pa id on w ithdraw al, or applied on lo a n s ....................
P a id b orrow ed m oney and p rior m ortga ges....................................
P a id in terest on borrow ed m oney and p rior m ortga ges...........
P a id fo r real estate ..............................................................................
P a id salaries and clerk -h ire.................................................................
P aid advertising, p rin tin g and p osta ge...........................................
P a id ren t .....................................................................................................
P a id banking departm ent, exam ination ...........................................
P a id banking departm ent, assessm ent.............................................




$204,880
6 ,8 9 0
115,975
170,170
10,512
1 ,0 0 0
126
5 ,4 6 3
6 ,2 4 0
154
300
67
70

00
00
00
00
74
00
50
85
00
97
00
45
33

E rie C ounty
Officers’ bonds ..............................................................................................
Advances fo r taxes, insurance, e t c ......................................................
State League du es.......................................................................................
J a n itor ...........................................................................................................
Insurance on fu rn itu re ............................................................................
L ig h tin g .......................................................................................................
Office r e p a i r s ................................................................................................
L ib erty bonds pu rch ased..........................................................................
Foreclosure costs .......................................................................................
Cash on hand Decem ber 31, 1917........................................................

125
$32
160
15
40
7
15
26
2 5 ,00 0
815
63,191

00
27
00
57
63
77
70
00
07
58

$611,155 43

P lan , serial. P a r value o f shares, $130. Instalm ents are 25 cents weekly.
Shares in fo rce Janu ary 1, 1917, 25,396; shares issued du rin g the year,
6,981; shares w ithdraw n du rin g the year, 9,324; shares in force, 23,053.
B orrow in g members, 762, h oldin g 7,960 shares; non-borrow ing members,
2,393, h oldin g 15,093 shares. Fem ale shareholders, 1,282, h oldin g 7,902 shares.
T otal dividends credited members du rin g the year on instalm ent shares,
$63,482.83; rate, 6 3 /1 0 per cent.
N o unpaid w ithdraw als.
A m oun t o f shares m atured du rin g the year,
$170,170. Entrance fee, 25 cents per share. O perating expenses, as defined
in section 390 o f the B anking Law , incurred and p a id du rin g th e year,
$6,832.64. U npaid, none.
Prem ium plan, instalm ent. Interest paid b y borrow in g members, 6 per
cent. Prem ium paid b y b orrow in g members, 2 cents per share p er week.
Loans have been made in E rie and N iagara counties, N ew Y ork State.
L argest m ortgage loan outstanding, $12,090. M ortgages in force in N ew Y ork
State, $1,056,026.93. Tw o foreclosures du rin g the year.

THE PEOPLE’S DIME SAVINGS AND LOAN ASSOCIATION No. 2
N o. 338 Genesee street, B uffalo, N . Y .
[Organized under Law of 1851. Commenced business 1890]
Officers
Names
Post-office addresses
President..................... GEORGE J. FLIERL................................
61 Earl Place.
Secretary..................... FRED SCHULTZ......................................
166 Cherry Street.
Treasurer...................
A. C. KRA'NICHFELD.............................. 434 Genesee Street.
J. J. STEIN............................................... Brisbane Building.
Attorney.....................
ASSET®
Loans on bond and m ortg a g e ...............................................................
Stocks and b o n d s.......................................................................................
R eal estate ..................................................................................................
Cash on hand and in b a n k ..................................................................
F u rn itu re and fix tu res............................................................................

$89,200 00

1,200 00
7 ,0 0 0 00
6 ,1 51 48
300 00
$103,851 48

LIAB ILITIES
D ue shareholders,
Due shareholders,
U ndivided profits
G uaranty fun d (as




d u es..........................................................................
dividends cred ited ...............................................
.....................................................................................
per section 392 o f Banking L a w ) ................

$91,224
8 ,3 1 8
1,898
2 ,4 1 0

20
88
40
00

$103,851 48

126

R eport

on

Sayings

and

L oan A ssociations

r e c e ip t s

Cash on hand J anu ary 1, 1917.............................................................
Dues credited t o m em bers.....................................................................
M ortgages redeemed, foreclosed or transferred to real e s t a t e ..
Fees received ..............................................................................................
F ines received ................................................. ........................................’
In terest received .......................................................................................
R en t received ............................................................................................
D ividends retained on w ith draw a ls....................................................

$ 5,394 44
80*227 40
49*600 00
332 20
166 53
5,335 15
’ 457 09
67 10
$141,579 91

DISBURSEM ENTS

L oaned on m ortg a g e................................................................................
Dues repaid on w ithdraw al, o r applied on lo a n s...........................
D ividends paid on w ith draw al, or applied on lo a n s ....................
P a id salaries and clerk -h ire.................................................................
P a id advertisin g, p rin tin g and p osta ge...........................................
P a id repairs t o real esta te.....................................................................
P a id taxes, insurance, e t c .....................................................................
P a id banking departm ent, exa m in a tion ...........................................
P a id banking departm ent, assessm ent.............................................
Officers’ bonds ............................................................................................
S tate League d u es.....................................................
L ig h t, fu el and w a te r..............................................................................
N ew books .........................................................................
Sundry expense .........................................................................................
L ib e rty bonds purchased .....................................................................
C ash on hand Decem ber 31, 1 9 1 7 . . , .................................................

$29,700
9 6 ,7 6 4
5 ,5 6 7
1 ,8 0 4

00

10
61
25
4 25
69 10
144 02
17 75
8 20
12 00

6 00
52
41
36
1,2 00
6 ,1 5 1

80
50
85
00
48

$141,579 91
P lan , permanent. P a r valu e o f shares, $100. Instalm ents are 10 cents
weekly.
Shares in fo rce Ja n u a ry 1, 1917, 15,126; shares issued du rin g the year,
3,322; shares w ithdraw n during the year, 3,846; shares in force, 14,602.
B orrow in g members, 56, holdin g 1,100 shares; non-borrow ing members, 830,
h oldin g 13,502 shares. Fem ale shareholders, 519, h oldin g 7,176 shares. T ota l
dividends credited members durin g th e year on instalm ent shares, $3,498.17;
rate, 4 per cent, and 5 per cent.
N o unpaid w ithdraw als.
Entrance fee, 10 cents per share. O perating
expenses, as defined in section 390 o f the B anking Law , incurred and paid
du rin g the year, $1,957.65. Unpaid, none.
N o prem ium plan. In terest paid b y b orrow in g members, 6 per cent. -N o
prem ium charged.
Loans have been made in E rie county, N ew Y o rk State. L argest m ortgage
loan outstanding, $7,000. M ortgages in force in N ew Y ork State, $89,200.
One foreclosure durin g the year.

POLISH CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION
N o. 615 F illm ore avenue, B uffalo, N. Y .
[Organized under Law of 1894. Commenced business 1909]
Officers
Names
Post-office addresses
President..................... ANTHONY SCHREIBER.................... 662 Fillmore Avenue.
Secretary..................... S. S. NOWICKI..................................... 615 Fillmore Avenue.
Treasurer...................
S. LIPOWICZ........................................
1199 Broadway.
Attorney.....................
LEON J. NOWAK................................
801 Fillmore Avenue.
ASSETS
Loans on bond and m ortgage
Stocks and b o n d s......................




$171,415 OO
2 4 ,70 0 00

E rie County
Cash on hand and in h an k.......................................................................
Interest, prem ium , fees and fines due and u n p a id .........................

127
$21,711 34
951 07
$218,777 41

LIABILITIES
D ue shareholders, d u es............................................................................
D ue shareholders, dividends cred ited ...............................................
B orrow ed m oney .......................................................................................
U ndivided profits .......................................................................................
G uaran ty fund (as per section 392 o f B anking L a w ) ................
Unearned o r rebatable prem iu m ........................................................

$182,873
3 ,4 9 8
23 ,20 0
7 ,6 46
1 ,5 0 0
58

57
93
00

86
00
05

$218,777 41
RECEIPTS
Cash on hand Janu ary 1, 1917............................................................
Dues credited t o m em bers.....................................................................
M oney borrow ed .......................................................................................
M ortgages redeemed, foreclosed or transferred to real e s t a t e ..
Fees r e c e iv e d ................................................................................................
Interest received .......................................................................................

$29,904
140,503
23 ,20 0
9 ,7 0 5
103
9 ,9 1 7

39
32

00
00
00
46

$213,333 17
DISBURSEMENTS
Loaned on m o rtg a g e..................................................................................
Dues repaid on w ithdraw al, or applied on lo a n s...........................
D ividends paid on w ithdraw al, or applied on loa n s......................
P a id interest on borrow ed m oney and p rior m ortga ges...........
P aid salaries and clerk-h ire................................................................
P aid advertising, prin tin g and posta ge..........................................
P aid rent ......................................................................................................
P aid banking departm ent, exam ination .................................
P aid banking departm ent, assessm ent...............................................
L ib erty bonds pu rch ased.......................................................................
Cash on hand Decem ber 31, 1917........................................................

$36,6 0 0
122,611
6 ,2 10
13
1,098
249
107
19
11
24 ,70 0
21 ,71 1

00
17
29
65
50
85
50
50
37
00
34

$213,333 17
Plan, permanent. P a r value o f shares, $130. Instalm ents are 25 cents
weekly.
Shares in force Janu ary 1, 1917, 20,026; shares issued du rin g the year,
6,490; shares w ithdraw n during the year, 6,784; shares in force, 19,732.
B orrow in g members, 8, holding 33 shares; non-borrow ing members, 738, hold­
in g 19,699 shares. Fem ale shareholders, 221, h oldin g 4,745 shares. T otal
dividends credited mem bers during the year on instalm ent shares. $1,499.47;
rate, 4 % per cent. T otal dividends, credited or paid in cash to members
du rin g th e year on other shares, $5,080.80; rate, 4 per cent.
N o unpaid w ithdraw als. Entrance fee, 25 cents per share. Operating
expenses, as defined in section 390 of the B anking Law , incurred and paid
durin g the year, $1,455.85. Unpaid, none.
Prem ium plan, gross. In terest paid b y borrow in g members, 6 per cent.
Prem ium paid by borrow in g members, $4 per share.
Loans have been made in E rie and N iagara counties, N ew Y ork State.
L argest m ortgage loan outstanding, $15,000. M ortgages in force in New^
Y o rk State, $171,415. N o foreclosures during th e year.




128

R eport

on

Savings

and

L oan A ssociations

RIVERSIDE CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION
N o. 1911 N iagara street, B uffalo, N . Y .
[Organized under Law o f 1894. Commenced business 1895]
Officers
Names
Post-office addresses
President..................... WILLIAM BRANDT..................
538 Tonawanda Street.
27 Farmer Street.
Secretary..................... FRANK M. ROESSLER...........
Treasurer...................
GEORGE DEHLINGER..........
4 Hartman Place.
JOHN S. DRUAR..................... Erie Co. Sav. Bank Bldg.
Attorney.....................
ASSETS
L oan s on bond and m ortg a g e.........................
L oans on shares....................................................
Stocks and b o n d s...............................................
R ea l estate ..........................................................
Cash on hand and in b a n k .............................
F u rn itu re and fix tu res......................................
Advances fo r taxes, insurance, e t c ...........

$193,650
150
7 ,5 0 0
7 ,7 3 9
31,351
650
263

00
00
00

86
21
00
01

$ 2 41,304 08
LIABILITIES
D ue shareholders, dues and dividends cred ited ...........................
D ue shareholders, m atured shares......................................................
Balance t o be p a id borrow ers on m ortgage lo a n s .........................
U n divided profits .....................................................................................
G uaranty fu n d (as per section 392 o f B anking L a w ) ................

$207,388
2 3 ,5 0 0
1 ,2 00
4 ,1 1 6
5 ,1 0 0

04
00
00
04
00

$241,304 08
RECEIPTS

Cash on hand Janu ary 1, 1917............................................................
D ues credited to m em bers.....................................................
M ortgages redeemed, foreclosed or tran sferred t o real e s t a t e ..
In terest received .......................................................................................
P rem iu m received .................
R ent received ............................................................................................
D ividends retained on w ith draw a ls....................................................
A dvances repaid .......................................................................................
L ib e rty bonds s o ld .......................................................................................
D epreciation, furn itu re and fix tu re s .................................................
A pp raisals ....................................................................................................
U nclaim ed b a la n c e s ...................................................................................
D ividends refunded ...................................................................................
P ro fit and lo s s ............................................................................................

$20,9 7 8
173,431
2 8 ,6 0 0
10,407
2 ,6 3 1
611
168
92
500
36
75
15
10

04
04
00
15
91

00

10
21
00
25
00
41
82
1 00

$237,557 93
DISBURSEMENTS
Loaned on m o rtg a g e...................................................................................
D ues repaid on w ithdraw al, or applied on lo a n s ...........................
P a id m atured shares ..............................................................................
P a id salaries and clerk -h ire.................................................................
P a id advertising, p rin tin g and p osta g e ...........................................
P a id ren t .....................................................................................................
P a id repairs t o real esta te.....................................................................
P a id taxes, insurance, e t c .....................................................................
P a id banking departm ent, assessm ent...............................................
Officers’ bonds ............................................................................................
A dvances fo r taxes, insurance,
e tc ................................................
L ib e rty bonds pu rch ased..........................................................................
Safe ..................................................................................................................




$ 46,125
140,845
8 ,1 9 0
2 ,0 6 8
73
35
34
150
13
26
29
8 ,0 0 0

00
85
34
50
67
00
82
33
30
00
00
00

100 00

E rie County

120

A dd ing m achine .......................................................................................
A pp raisal fees ...........................................................................................
B u rgla ry insurance ..................................................................................
H eat and lig h t...........................................................................................
Telephone ......................................................................................................
Cleaning office ...........................................................................................
D epreciation, furn itu re and fixtu res...................................................
B ooks and sun dries..................................................................................
Cash on hand Decem ber 31, 1917..........................................................

$160 25

00 00
41 50
20 40
43 70
50 50
30 25
57 25
31,351 21
$237,557 93

Plan, permanent. P a r value o f shares, $100. Instalm ents arc 12 \U cents
and 25 cents weekly.
Shares in force Janu ary 1, 1917, 8,559; shares issued du rin g the year,
3,328; shares w ithdraw n during the year, 217; shaves in force, 11.070.
B orrow in g mem bers, 118, holding 1,792 shares; non-borrow ing members.
1,505, holdin g 9,878 shares. Fem ale shareholders; no recoi-d kept. Total
dividends credited members during the year on instalm ent shares, $0,916.43;
rate, 5 per cent. T ota l dividends credited or paid in cash to members during
the year on other shares, $1,812.30; rate, 4 per cent.
N o unpaid w ithdraw als.
A m ount o f shares m atured during the year,
$26,523.91. O perating expenses, as defined in section 390 o f the Banking Law,
incurred and paid durin g the year, $2,515.58. Unpaid, none.
Prem ium plan, instalm ent. Interest paid b y borrow in g members, 51 per
/-,
cent, and 6 per cent. Prem ium paid b y b orrow in g members, 3 cents per
share per week.
Loans have been made in E rie county, N ew Y ork State. Largest m ortgage
loan outstanding, $5,100. M ortgages in force in New Y ork State, $193,050.
N o foreclosures during the year.

SCAJAQUADA SAVINGS AND LOAN ASSOCIATION
N o. 863 E ast F erry street, B uffalo, N. Y .
[Organized under Law of 1914. Commenced business 1916]
Officers
Names
Post-office addresses
President................................ FRED WEBER, Sit...............
475 Winslow Avenue.
Secretary................................ JOSEPH P. DONLAY..........
344 Bissell Avenue.
Treasurer................................ JOHN KRUGER ................. 41 Carl Street.
Attorney................................
JOSEPH ROEMHILD, Jit. . .
Mutual Life Building.
ASSETS
Loans on shares...........................................................................................
Cash on hand and in b a n k .....................................................................

$452 50
1,317 18
$ 1,769 08

LIABILITIES
Due shareholders, d u es............................................................................
D ue shareholders, dividends cred ited .................................................
U ndivided profits .......................................................................................
G uaranty fun d (as per section 392 of Banking L a w ) ................

$1 ,68 7
38
39
4

80
35
24
29

$ 1,769 68
RECEIPTS
Cash on hand Janu ary 1,1917.................................................................
Dues credited to m em bers........................................................................
Loans on shares re p a id ...........................'...............................................
Fees received ..............................................................................................
Fines r e c e iv e d ..............................................................................................
Interest received
.................................................................................




$ 1,336
2 ,7 99
498
55

29

00
50
05

2 86
67' 34

130

R eport

on

Savings

and

L oan A ssociations

Prem ium received ...................................................................................
D ividends retained on w ith draw a ls...................................................
D ividend repaid .......................................................................................

$10 52
4 05
5 10
$ 4 ,77 8 71

DISBURSEMENTS
Loaned on shares.......................................................................................
Dues repaid on w ithdraw al, or applied on lo a n s ...........................
D ividends paid on w ithdraw al, or applied on loa n s......................
P a id advertising, p rin tin g and p osta ge...........................................
P a id banking departm ent, assessm ent...............................................
Officers’ b o n d s ..............................................................................................
L egal s e r v i c e ................................................................................................
Cash on hand D ecem ber 31, 1917........................................................

$926
2 ,4 3 6
24
26

1
32
15
1,317

00
60
70
15
08
00
00
18

$ 4 ,7 7 8 71
P lan , permanent. P a r value o f shares, $100. Instalm ents are 10 cents
weekly.
Shares in force J a n u a ry 1, 1917, 482; shares issued durin g th e year, 651;
shares w ithdraw n d u rin g the year, 6 34; shares in force, 499. B orrow ing
mem bers, 11, h oldin g 150 shares; non-borrow ing members, 30, h oldin g 349
shares. Fem ale shareholders, 11, h oldin g 171 shares. T ota l dividends credited
m em bers du rin g the yea r on instalm ent shares, $48.62; rate, 6 % per cent.
N o unpaid w ithdraw als.
Entrance fee, 10 cents per share. O perating
expenses, as defined in section 390 o f the B anking L aw , in curred and paid
du rin g the year, $74.23. Unpaid, none.
N o prem ium plan. In terest paid b y borrow in g members, 6 per cent. N o
prem ium charged.
N o loans have been made.

SCHILLER PARK SAVINGS AND LOAN ASSOCIATION.
N o. 2117 E ast Genesee street, B uffalo, N . Y .
[Organized under law of 1914. Commenced business 19171
Officers
Names
Post-office addresses
President................................ CHARLES GEIGLE.................... 92
Floss Avenue.
Secretary................................ PETER BRENDEL..................... 267
Laurel Street.
Genesee Street.
Treasurer.............................. ERNEST F. STOROK................. 2195
Attorney................................ J. ADAM WEISS......................... 606
Mutual Life Bldg.
ASSETS
Cash on hand and in bank

$ 3 ,20 2 39

LIABILITIES
D ue shareholders, d u es..............................................................................
D ue shareholders, dividends cred ited ...............................................
U ndivided p r o f i t s .......................................................................................
G uaranty fun d ( as per section 392 o f Banking L a w ) ................

$3 ,14 4
5
49
3

00
64
63
12

$3 ,20 2 39
RECEIPTS
D ues credited to m em bers.....................................................................
Fees received ..............................................................................................
Fines received .............................................................................................
In terest received .......................................................................................




$ 3 ,36 9
44
4
14

50
10
20
09

$3 ,43 1 89

E rie County

131

DISBURSEMENTS
Dues repaid on w ithdraw al, or applied on lo a n s ...........................
Officer’ s bonds .............................................................................................
Cash on hand December 31, 1917........................................................

$225 50
4 00
3 ,2 02 39
$ 3,431 89

P la n , permanent. P a r value o f shares, $130. Instalm ents are 25 cents
weekly.
Shares in force Janu ary 1, 1917, n on e; shares issued during th e year, 973;
shares w ithdraw n du rin g the year, 6 3 ; shares in force, 910. N o borrow ing
members. N on-borrow ing members, 180, holdin g 910 shares. Fem ale share­
holders, 20, h oldin g 378 shares.
T ota l dividends credited members du rin g th e year on instalm ent shares,
$5.64; rate 4 per cent.
N o unpaid w ithdraw als.
E ntrance fee, 25 cents per book.
Operating
expenses, as defined in section 390 o f th e B anking Law , incurred and paid
during the year, $4. Unpaid, none.
Prem ium plan, gross.
N o loans have been made.

SECURITY SAYINGS AND LOAN ASSOCIATION OF BUFFALO, N. Y.
N o. 10 B uilders Exchange, P earl street, B uffalo, N . Y .
[Organized under Law of 1910. Commenced business 1912]
Officers
Names
Post-office addresses
FERDINAND GRIMM___
316 Terrace.
President.
11 East Utica Street.
Secretary.
FREDERICK BENNETT..
254 Weiss Street.
JOHN E. SCHUESLER___
Treasurer
809 Chamber of Commerce.
JOSEPH A. W E C H T E R ...
Attorney.
ASSETS
Loans on bond and m ortg a g e.................................................................
Loans on shares .......................................................................................
Stocks and bonds .......................................................................................
R eal estate ..................................................................................................
Cash on hand and in b a n k .....................................................................
Furniture and fixtures ............................................................................
Advances fo r taxes, insurance, e t c .....................................................

$141,540
20,055
9, 726
910
4 ,2 3 9
137
17

00
00
00
00
09
80
82

$176,625 71
LIABILITIES
D ue shareholders, d u es..............................................................................
$155,309 00
D ue shareholders, dividends cred ited ...................................................
17,780 32
Undivided profits ...........................................................................................
2, 003 39
1,483 00
G uaranty fund (a s per section 392 o f Banking L a w ) ................
Unearned or rebatable prem iu m ............................................................
50 00
$176,625 71
RECEIPTS
Cash on hand Janu ary 1, 1917...........................................................
D ues credited to m em bers.......................................................................
M oney borrow ed .........................................................................................
M ortgages redeemed, foreclosed or transferred to real esta te. .
Loans and shares rep a id ..........................................................................
Fees r e c e iv e d ................................................................................................
Fines received ............................................................................................
Interest received .......................................................................................




$1,010
53,305
500
9 ,7 2 0
8,2 02
93
41
7. 424

67
25
00
00
00
40
50
25

132

K eport

on

Savings

and

L oan A ssociations

Prem iu m received .....................................................................................
D ividends retained on w ith d raw a ls...................................................
Cash o v e r .......................................................................................................
L ib e rty bonds sold ...................................................................................

$1 ,62 2
423
45
5 ,2 7 4

84
07
98
00

$ 8 7 ,6 6 2 96
DISBU RSEM EN TS

----------------------------

Loaned on m o r tg a g e .................................................................................
Loaned on s h a r e s ................................................... ...................................
D ues repaid on w ithdraw al, or applied on lo a n s...........................
D ividends paid on w ithdraw al, or applied on lo a n s....................
P a id borrow ed m oney and p rior m ortga ges......................................
P a id in terest on borrow ed m oney and p rior m ortga ges................
P a id salaries and clerk -h ire.......................................................
P a id advertising, p rin tin g and p osta ge.............................................
P a id r e n t .......................................................................................................
P a id taxes, insurance, e t c .......................................................................
P a id banking departm ent, exa m in a tion .............................................
P a id banking departm ent, assessm ent...............................................
Officers’ bonds ..............................................................................................
Advances fo r taxes, insurance, e t c ........................................................
A p p r a is a ls ......................................................................................................
R en t o f safe deposit b o x ..........................................................................
P ro fit and loss, e rro rs ..............................................................................
L ib e rty bonds pu rch ased..........................................................................
Cash on hand Decem ber 31, 1917 ........................................................

$15, 890
18,007
30,489
2 ,1 09
500
2
731
106
275
25
24
0
78
4
132
20
17
1 5 ,00 0
4 ,2 3 9

00
00
75
31
00
42
00
44
00
65
45
73
90
82
00
00
40
00
09

$87,6 6 2 96
P la n , perm anent. P a r valu e o f shares, $130. Instalm ents are 25 cents
w eekly.
Shares in fo rce J a n u a ry 1, 1917, 4,268; shares issued du rin g th e year,
7 1 9 ; shares w ithdraw n du rin g the year, 7 74; shares in force, 4,213. B or­
row in g mem bers, 84, b old in g 1,200 snares; non-borrow ing members, 366, hold­
in g 3,013 shares.
Fem ale shareholders, 141 h oldin g 921 shares.
T ota l
dividends credited members during the yea r on instalm ent shares, $8,132.45;
rate, 6 per cent.
N o unpaid w ithdraw als.
Entrance fee, 10 cents per share. O perating
expenses, as defined in section 390 o f th e B anking Law , incurred and paid
du rin g th e yea r, $1,343.34 U npaid, none.
P rem ium plan, instalm ent. Interest paid b y borrow in g mem bers 6 per
cent. Prem iu m paid b y b orrow in g m em bers, 5 cents per share per week.
L oans have been made in E rie cou nty, N ew Y ork State. Largest m ort­
ga ge loa n outstanding, $9,100. M ortgages in force in N ew Y ork State,
$141,540. N o foreclosures durin g the year.

SENECA SAVINGS AND LOAN ASSOCIATION
N o. 2234 Seneca street, B uffalo, N . Y .
[Organized under Law o f 1910. Commenced business 1914]
Officers
Names
Post-office addresses
President..................... JOHN MAYER................................... 88 Indian Ch. Road.
Secretary.....................
FRED W. MOELICH......................... 284 Cherry Street.
Treasurer...................
RICHARD G. WALLNAT................. 23R6 Seneca Street.
Attorney.....................
EDWARD A. PURTILL....................
109 D. S. Morgan Bldg.
ASSET,S
L oan s on bond and m ortg a g e.................................................................
Loans on s h a r e s ........... .............................................................................
Cash on hand and in b a n k .....................................................................




$ 7 ,7 9 5 00
327 50
1, 737 89
$ 9 ,86 0 39

E rie C ounty
LIABILITIES
Due shareholders, d u e s ............................................................................
Due shareholders, dividends cred ited .................................................
Undivided profits .......................................................................................
G uaranty fun d (a s per section 392 o f Banking L a w ) ................
Unearned o r rcbatable prem iu m ............................................................

133
$ 9 ,3 4 0 75
450 08
631
33 25
21 00
$ 9 ,8 6 0 39

RECEIPTS
Cash on hand January 1, 1917............................................................
Dues credited to m em bers.....................................................................
Loans on shares re p a id ..............................................................................
Fees received ..............................................................................................
Interest received .......................................................................................
Interest advanced on mortgage-............................................................

$5 ,14 6
7 ,2 7 5
505
119
375
41

64
00
00
25
50
75

$ 13,463 14
DISBURSEMENTS
Loaned on m ortgage ................................................................................
Loaned on s h a r e s .......................................................................................
Dues repaid on w ith draw al, o r applied on lo a n s .........................
D ividends paid on w ithdraw al, or applied on lo a n s....................
P a id salaries and clerk-h ire...................................................................
P aid advertising, p rin tin g and p o sta g e...............................................
P a id rent .......................................................................................................
P a id banking departm ent .....................................................................
Interest on m o rtg a g e...............................................................................
F u rn itu re and fix tu res..............................................................................
Cash on hand Decem ber 31, 1917........................................................

$5,845
582
4 ,9 4 5
92
63
20
103
14
41
16
1,7 37

00
50
75
48
00
45
84
00
75
48
SO

$ 13,463 14
Plan, permanent. P a r value o f shares, $130. Instalm ents are 25 cents
weekly.
Shares in force Janu ary 1, 1917, 458; shares issued during the year 477;
shares w ithdraw n du rin g the year, 276; shares in force, 659. B orrow in g
members, 3, holdin g 22 shares; non-borrow ing members, 141, holdin g 637
shares.
Fem ale shareholders, 70 h oldin g 229 shares.
T ota l dividends
credited members du rin g the yea r on instalm ent shares, $269.90; rate 4 per
cent.
N o unpaid w ithdraw als. Entrance fee, 25 cents per share.
Operating
expenses, as defined in section 390 o f the B anking Law , incurred and paid
du rin g the year, $187.29. U npaid, none.
Prem ium plan, gross. In terest paid b y b orrow in g mem bers, 6 per cent.
Prem ium paid b y borrow in g members, $5 per share.
Loans have been made in E rie county, N ew Y ork State. L argest m ort­
gage loan outstanding, $2,500. M ortgages in force in New Y ork State, $7,795.
N o foreclosures du rin g the year.

SYCAMORE AND JOHNSON SAVINGS AND LOAN ASSOCIATION
N o. 755 Genesee street, Buffalo, N . Y .
[Organized under Law of 1851. Commenced business 1888]
Officers
Names
Post-office addresses
President..................... CONRAD STE LLR E C H T..................... 73 Berlin Street.
Secretary..................... GEORGE H. GEBAUER......................
160 Johnson Street.
Treasurer..................... OTTO M A Y E R ........................................
609 Sycamore Street.
Attorney.....................
WM. O. W E IM A R .................................. 54 Hedley Place.




134

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Savings

and

L oan A ssociations

ASSETS
Loans on bond and m ortg a g e.................................................................
Cash on hand and in b a n k .....................................................................

$56,940 00
7 ,0 9 3 03
$64,033 03

LIABILITIES
D ue shareholders, dues ..........................................................................
D ue shareholders, dividends cred ited .................................................
U ndivided p r o f i t s .......................................................................................
G uaran ty fun d (a s per section 392 o f Banking L a w ) ................

$ 59, 417
3 ,3 4 2
190
1,083

50
29

01
23

$64,0 3 3 03
RECEIPTS
Cash o n hand J anu ary 1, 1917............................................................
D ues credited t o members .....................................................................
M ortgages redeemed, foreclosed or transferred to real e s t a t e ..
Fees received ..............................................................................................
In terest received .......................................................................................

$ 2 ,56 6
31,023
4 ,4 2 0
185
%

07
75

00
25

374 03

$40,569 10
DISBURSEMENTS
Loaned on m ortgage ................................................................................
D ues repaid on w ith draw al, or applied on lo a n s ...........................
D ividends pa id on w ith draw al, o r applied on lo a n s . ..............
P a id salaries and clerk -h ire...................................................................
P a id advertising, p rin tin g and p osta ge.............................................
P a id r e n t ............................... ’. ....................................................................
t*aid banking departm ent, exam in ation .............................................
P a id banking departm ent, assessm ent...............................................
Officers’ bonds ..............................................................................................
F u rn itu re and fixtures ............................................................................
Cash on hand Decem ber 31, 1917........................................................

$ 7 ,02 0
24, 342
1, 044
847
24
85
14
4
16
79
7 ,0 9 3

00

00
08
25
00
00

00
36

00
38
03

$ 40,569 10
P lan , permanent. P a r value o f shares, $130. Instalm ents are 25 cents
weekly.
Shares in fo rce J anu ary 1, 1917, 2,245; shares issued during the year
741 j shares w ithdraw n d u rin g the year, 45 3 ; shares in force, 2,533. B orrow ­
in g mem bers, 46, h oldin g 438 shares; non-borrow ing members, 367, holding
2,095 shares. Fem ale shareholders, 166, h oldin g 948 shares. T ota l d iv i­
dends credited mem bers du rin g th e year on instalm ent shares, $1,393.94;
rate, 4 per cent.
N o unpaid w ithdraw als.
E ntrance fee, 25 cents per share.
O perating
expenses, a s defined in section 390 o f the banking Law , incurred and paid
du rin g the year, $1,051.63. U npaid, none.
N o prem ium plan. In terest pa id b y borrow in g mem bers, 6 per cent. N o
prem ium charged.
Loans have been m ade in E rie cou nty, N ew Y o rk State. L argest m ort­
gage loan ou tstan din g, $4,550. M ortgages in force in N ew Y ork State,
$56,940. N o foreclosures du rin g th e year.




E rie County

135

WILLIAM AND SHERMAN MUTUAL SAVINGS AND LOAN
ASSOCIATION
N o. 592 W illia m street, Buffalo, N. Y .
[Organized under Law of 1851. Commenced business 1882]
Officers
Names
Post-office addresses
President.............................. GUSTAV KOCH ............................... 624 William Street.
Secretary................................ HENRY GEGER ..........................
114 Roehrer Avenue.
Treasurer............................... THEO. KUNZ ..............................
88 Goembel Avenue.
Attorney................................ H. W. BRENDEL.......................... Mutual Life Bldg.
ASSETS
$6 ,60 0 00
Loans on bond and m ortg a g e ..............................................................
Cash on hand and in b a n k .....................................................................
7 ,1 08 63
$13,708 63
LIABILITIES
=========
Dxie shareholders, d u es.........................................................................
$11,936 501
Due shareholders, dividends cred ited ...............................................
869 75
Undivided profits .....................................................................................
377 38
G uaranty fund (as per section 392 o f Banking L a w ) ................
465 00
Unearned or rebatable prem iu m ........................................................
60 00
$13,708 63
RECEIPTS
=========
Cash on hand J anu ary 1, 1917............................................................
$ 6,208 97
Dues credited t o m em bers.......................................................................
5 ,4 3 8 25
M ortgages redeemed, foreclosed or transferred to real esta te. .
800 00
Fees r e c e iv e d ................................................................................................
27 75
Interest received .......................................................................................
584 12
Advances r e p a i d .........................................................................................
43 76
$13,102 85
DISBURSEMENTS
=========
Dues repaid on w ithdraw al, o r applied on lo a n s .........................
$5,318 75
D ividends paid on w ithdraw al, or applied on loa n s....................
367 15
P a id salaries and clerk -h ire.................................................................
231 00
10 00
P a id advertising, prin tin g and p osta ge..........................................
P a id r e n t ......................................................................................................
6 00
P a id banking departm ent, exa m in a tion ..........................................
14 00
P a id banking departm ent, assessm ent.............................................
181
A dvances fo r taxes, insurance, e t c ...................................................
43 76
A ttorn ey .......................................................................................................
1 75
Cash on hand Decem ber 31, 1 9 1 7 ..* ..................................................
7 ,1 08 63
$13,102 85

Plan, permanent. P a r valu e o f shares, $100. Instalm ents are 25 cents
weekly.
Shares in force Janu ary 1, 1917, 49 7 ; shares issued during th e year, 111;
shares w ithdraw n during the year, 2 2 9 ; shares in force, 379. B orrow ing
members, 4, h oldin g 48 shares; non-borrow ing members, 73, holding 331
shares. Fem ale shareholders, 38, holding 160 shares. T ota l dividends credited
mem bers du rin g the yea r on instalm ent shares, $494.98; ra te 4 per cent.
N o unpaid w ithdraw als. Entrance fee, 25 cents per share.
Operating
expenses, as defined in section 390 o f th e Banking Law s incurred and paid
during the year, $248.75. U npaid, none.
Prem ium plan, gross. Interest paid b y b orrow in g members, 6 per cent.
Prem ium pa id b y b orrow in g members, $2.50 per share.
L oan s have been made in E rie county, N ew Y ork State. Largest m ortgage
loan outstanding, $2,000. M ortgages in force in N ew Y ork State, $6,600. N o
foreclosures du rin g the year.




loO

I iEpoet

on

Savings

ani>

L oan A ssociations

WILLIAM STREET PERMANENT SAVINGS AND LOAN ASSOCIATION
N o 201 W illiam street, Buffalo, N . Y .
[Organized under Law o f 1851, Commenced business 1879]
Officers
Names
Post-office addresses
President.
JOSEPH B. M ILLER.................... 250 'Northampton Street.
Secretary.
FRANK R. RUCKDESCHEL____ 59 Walnut Street.
Treasurer,
RUDOLPH GUNOLD...................... 600 Goodyear Avenue.
Attorney.
FRANK R. RUCKDESCHEL. . . .
73 West Eagle Street.
ASSETS
Loans on bond and m ortg a g e.................................................................
Cash on hand and in b a n k .....................................................................

$23,809 50
14,865 30
$ 38,674 80

LIABILITIES
D ue shareholders, du es..........................................................
D ue shareholders, dividends c r e d ite d ,...........................
U ndivided p r o f i t s .....................................................................
G uaran ty fund (a s per section 392 of B anking L aw )
Unearned o r rebatable prem iu m ...........................................

$31,7 4 2
2 ,4 9 8
928
1 ,8 00
1 ,7 05

50
37
73

00
20

$ 38,674 80
RECEIPTS
Cash on hand J anu ary 1, 1917.........................
Dues credited to m em bers....................................
Fees received ..........................................................
In terest received .................................................
Prem ium received .................................................

$14,838
12,869
77
1 ,4 45
72

14

00
75
81
50

$ 29,303 20
DISBURSEMENTS
Loaned on m o rtg a g e ............................................................
D ues repaid on w ith draw al, or applied on lo a n s . . .
P a id m atured shares..........................................................
D ividends paid on w ith draw al, or applied on loans
P a id salaries and clerk -h ire...........................................
P a id r e n t ................................................................................
P aid banking departm ent, exam in ation ....................
P a id banking departm ent, assessm ent.........................
Officers’ bonds .....................................................................
Supplies ..................................................................................
Cash on hand December 31, 1917..................................

$ 1 ,0 7 2
6 ,7 8 2
5 ,6 5 4
530
318
53
14
3

50
25
12
36
00
00
00
22

8 00
2 45
14,865 30
$29,3 0 3 20

Plan, permanent. P a r value o f shares, $100. Instalm ents are 25 cents
weekly.
Shares in force J a n u a ry 1, 1917, 9 77; shares issued du rin g the year, 311;
shares w ithdraw n du rin g the year, 343; shares in force, 945. B orrow ing
m em bers, 21, h old in g 228 shares; non-borrow ing members, 139, h oldin g 717
shares.
Fem ale shareholders, 51, h oldin g 272 shares.
T ota l dividends
credited m em bers durin g the year on instalm ent shares, $1,322.44; ra te 6
per cent.
N o unpaid w ithdraw als.
A m ount o f shares m atured du rin g the year,
$5,654.12. Entrance fee, 25 cents per share. O perating expenses, as defined
in section 390 o f th e Banking Law , incurred and paid du rin g the year,
$381.45. U npaid, none.
Prem ium plan, gross. Interest paid b y b orrow in g members, 12% cents
per share per week. Prem ium paid b y borrow in g members, $7.25 per share.
Loans have been made in E rie county, New Y ork State. L argest m ortgage
loan outstanding, $2,466.75.
M ortgages in force in N ew Y o rk State,
$23,809.50. N o foreclosures during the year.




E rie C ounty
WILLIAMSVILLE SAVINGS AND LOAN ASSOCIATION
N o. 5596 M ain street, W illiam sville, N . Y .
[Organized under Law of 1910. Commenced business 1913]
Officers
Names
Post-office addresses
B. MILLER .............................
Williamsville. N. Y.
GEORGE H. DANIEL............................ Williamsville, N. Y.
WILLIAM J. JENKINS.........................
Williamsville, N. Y.
GEO. W. W ALTERS.................
Williamsville, N. Y.
ASSETS
$10,250 00
Loans on bond and m ortg a g e..............................................................
Loans on s h a r e s .........................................................................................
1,308 00
Cash on hand and in b a n k .....................................................................
3, 978 66

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

LIABILITIES
.
Due shareholders, dues ..........................................................................
D ue shareholders, dividends cred ited .................................................
U ndivided profits .....................................................................................
G uaranty fund (a s per section 392 o f B anking L a w ) ................

-

$15,536 66
------- —
$14,195 11
1 ,060 66
105 89
175 00

RECEIPTS
Cash on hand Janu ary 1, 1917............................................................
Dues credited t o m em bers.......................................................................
M oney borrow ed .........................................................................................
M ortgages redeemed, foreclosed or transferred to real e s ta te ..
Loans on shares re p a id ..............................................................................
Fees received ................................................................................................
Interest received .......................................................................................
Prem ium received .....................................................................................

$15,536 66
------:
—
$861 07
10, 619 00
1,250 00
1.200 00
1, 670 00
48 00
665 31
60 79

DISBURSEMENTS
Loaned on m ortgage .......................................... .*...................................
Loaned on shares .......................................................................................
Dues repaid on w ithdraw al, or applied on lo a n s .........................
D ividends pa id on w ithdraw al, o r applied on lo a n s ....................
P a id borrow ed m oney and p rior m ortga ges....................................
P a id interest on borrow ed m oney and p rior m ortga ges..............
P aid salaries and clerk -h ire.................................................................
P a id advertising, prin tin g and p osta ge...........................................
P a id banking departm ent, exam in ation .............................................
P a id banking departm ent, assessm ent...............................................
Officers’ bonds ..............................................................................................
Cash on hand December 31, 1917........................................................

$16,374 17
- ■==
$2, 277 25
2 ,2 5 0 00
6 , 314 57
64 26
1,250 00
144 66
50 00
22 93
12 20
1 64
8 00
3 ,9 7 8 66
$16,374 17

Plan, permanent. P a r value o f shares, $100. Instalm ents are 20 cents
weekly.
Shares in force Janu ary 1, 1917, 892; shares issued du rin g th e year, 157;
shares w ithdraw n du rin g the year, 208; shares in force, 841. B orrow in g
members, 17, h oldin g 285 shares; n on-borrow ing members, 108, holding 556
shares. Fem ale shareholders, 38, holdin g 148 shares. T ota l dividends credited
mem bers du rin g th e year on instalm ent shares, $459.14; rate, 6 per cent.
N o unpaid w ithdraw als.
Entrance fee, 20 cents per share.
Operating
expenses, as defined in section 390 o f the Banking Law , incurred and paid
during the year, $80.93. U npaid, none.
Prem ium plan, instalm ent. Interest paid b y b orrow in g members, 6 per
cent. P rem ium paid b y borrow in g members, 1 cent and 2 cents per share
per week.
Loans have been made in E rie county, N ew Y ork State. Largest m ort­
gage loan outstanding, $3,000.
M ortgages in force in New Y ork State,
$10,250. N o foreclosures during the year.




138

R eport

on

Savings

and

L oan A ssociations

FRANKLIN COUNTY
SARANAC LAKE CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION
No. 79 M ain street, Saranac Lake, N . Y .
[Organized under Law of 1894. Commenced business 1899]
Officers
Names
Post-office addresses
President................................ WILLIAM J. CALLANAN................. SaranacLake,N. Y.
Secretary................................ C. J. AYRES......................................... SaranacLake,N. Y.
Treasurer............................... EUCLID C. PINE................................ SaranacLake,N. Y.
Attorney................................ HERBERT P, COATS........................ SaranacLake,N. Y.
ASSETS
Loans on bond and m ortg a g e.................................................................
L oan s on shares .........................................................................................
Cash on hand and in b a n k .....................................................................

$119,500 00
10,328 18
119 40
$129,947 58

LIABILITIES
D ue shareholders, d u es..............................................................................
D ue shareholders, dividends cred ited ...................................................
Balance t o be pa id borrow ers on m ortgage lo a n s .........................
B orrow ed m oney .......................................................................................
U ndivided profits .......................................................................................
G uaranty fu n d (a s per section 392 o f B anking L a w ) ................

$101,672
20,703
425
3 ,0 00
1, 381
2 ,7 6 5

00
95
00
00
32
31

$129,947 58
RECEIPTS
Cash on hand Janu ary 1, 1917...............................................................
Dues credited to m em bers.......................................................................
M oney borrow ed .........................................................................................
M ortgages redeemed, foreclosed cfr transferred t o real e s ta t e ..
L oan s on shares re p a id ............................................................................
Fees received ..............................................................................................
Fines received ..............................................................................................
In terest received .......................................................................................
P rem ium received .....................................................................................
D ividends retained on w ith d ra w a ls...................................................
Advances repaid .........................................................................................

$ 2 ,1 9 0 00
2 5 ,71 2 00
6 , 250 00
13 ,15 0 00
4 ,0 4 8 00
137 50
47 05
5, 264 98
1 ,755 00
230 87
55 31
$ 58,840 71

DISBURSEMENTS!
L oaned on m o rtg a g e.........................................................#........................
Loaned on shares.............................................................. .*........................
D ues repaid on w ith draw al, or applied on lo a n s ..........................._
P a id m atured shares................................................................................ ‘
D ividends pa id on w ithdraw al, or applied on lo a n s ....................
P a id borrow ed m oney and p rior m ortga ges....................................
P a id interest on borrow ed m oney and p rior m ortga ges...........
P a id salaries and clerk -h ire...................................................................
P a id advertising, p rin tin g and posta ge...............................................
P a id banking departm ent.......................................................................
State league dues and expenses............................................................
M ortgage taxes ...........................................................................................
Cash on hand December 31, 1917..........................................................




$ 2 3 ,6 5 0
9, 215
9, 399
11,049
1 ,752
3 ,2 5 0
49
200
14
37
36

00
18
00
15
38

00

03
00
06
11 .
00
68 80
119 40

$58,8 4 0 71

G enesee County

139

Plan, serial. P a r value o f shares, $200. Instalm ents are $1 m onthly.
Shares in fo rce Janu ary 1, 1917, 2,031; shares issued durin g the year, 5 50;
shares w ithdraw n during the year, 303; shares in force, 2,278. B orrow in g
members, 65, h oldin g 579 shares; nonborrow ing members, 229, h oldin g 1,699
shares. Fem ale shareholders, 124, holdin g 891 shares. T ota l dividends cred­
ited members du rin g the year on instalm ent shares, $6,639.77; rate, 6 per
cent.
N o unpaid {w ithdraw als.
A m ount o f shares matured du rin g th e year
$11,049.15. E ntrance fee, 25 cents per share. O perating expenses, as defined
in section 390 o f the Banking Law , incurred and pa id during the year,
$250.06; unpaid, none.
Prem ium plan, prem ium -interest. Interest paid b y b orrow in g members, 75
cents per share per m onth. Prem ium paid by b orrow in g members, 25 cents
per share per month.
Loans have been made in Essex and F ran klin counties, New Y ork State.
L argest m ortgage loan outstanding, $7,000. M ortgages in force in N ew Y ork
State, $119,500. One foreclosure du rin g the year.

GENESEE

COUNTY

THE GENESEE COUNTY LOAN ASSOCIATION
[Organized
Officers
President.....................
Secretary.....................
T reasu rer.................
Attorney.....................

N o. 112 M ain street, Batavia, N . Y .
under Law of 1851. Commenced business 1879]
Names
Post-office addresses
G. S. GRISWOLD...............................................
Batavia, N. Y.
W. G. POLLARD.................................................. Batavia, N. Y.
JOHN W. PR A T T ................................................ Batavia, N. Y.
JAMBS L. K ELLY............................................... Batavia, N. Y.
A SSE TS

Loans on bond and m ortg a g e ..............................................................
Loans on shares...........................................................................................
Stocks and b o n d s.........................................................................................
R eal e s t a t e ....................................................................................................
Cash on hand and in b a n k .....................................................................

$ 5 32,970 98
1 2,230 00
57. 906 20

8,000 00
30, 053 29
$641,160 47

LIABILITIES
D ue shareholders, dues ............................................................................
D ue shareholders, dividends cred ited ...............................................
U ndivided profits .......................................................................................
G uaranty fun d (a s per section 392 o f B anking L a w ) ................

$536,103
6 0,800
11,256
3 3,000

96
09
42
00

$641,160 47
RECEIPTS
Cash on hand J anu ary 1, 1917............................................................
Dues credited t o m em bers.......................................................................
M ortgages redeemed, foreclosed or transferred to real e s ta te ..
Loans on shares re p a id ............................................................................
Interest received .......................................................................................
R ent received .............................................................................................
D ividends retained on w ith d raw a ls.....................................................
B onds sold ....................................................................................................




$20,286
205,661
61,956
7 ,203
33.322
330
383
5 .8 5 0

43
61
27
00
87
00
29
00

$340,993 47

140

R eport

on

Savings

and

L oan A ssociations

DISB U R SEM E N TS

Loaned on m o rtg a g e...................................................................................
Loaned on shares.........................................................................................
D ues repaid on w ith draw al, or applied on lo a n s ...........................
P a id m atured sh a res..................................................................................
D ividends p a id on w ithdraw al, or applied on lo a n s ...................
P a id salaries and elerk-hire................................................. .................
P a id advertising, p rin tin g and p osta g e.............................................
P a id repairs t o rea l e sta te.....................................................................
P a id taxes, insurance, e t c .......................................................................
P a id banking departm ent, exa m in a tion .............................................
P a id banking departm ent, assessm ent...............................................
M ortgage ta x ..............................................................................................
H ea t and lig h t ........... ..................................................................................
Telephone an d sup plies..................................................................., ------L ib erty bonds pu rch ased...............................................................'..........
A ccrued interest on bonds pu rch ased .................................................
L oss on bonds, charged o f f ........................................................................
Cash on hand Decem ber 31, 1917........................................................

$ 8 0 ,7 5 2
9 ,1 1 8
156,247
14,178
13,060
3, 710
672
34
222
103
36
228
253
227
30,049
43
2 ,0 0 0
30,053

75
00
86
15
76
00
84
40
30
32
20
00
98
92
95
75
00
29

$340,993 47
Plan, permanent. P a r value o f shares, $125. Instalm ents are 25 cents
weekly.
Shares in fo rce Ja n u a ry 1, 1917, 6,658; shares issued du rin g the year,
3,042; shares w ith draw n d u rin g th e year, 3,200; shares in force 6,500. B or­
row in g mem bers, 160, h oldin g 1,002 shares; n on-borrow ing members, 1,812,
h oldin g 5,498 shares. Pem ale shareholders, 906, holding 2,240 shar.es. T ota l
dividends credited mem bers du rin g the yea r on instalm ent shares, $8,414.07;
rate, 5 per cent. T ota l dividends credited o r paid in cash to mem bers du rin g
th e yea r on other shares, $14,161.25; rate, 4 per cent.
N o unpaid w ithdraw als. A m ou n t o f shares m atured durin g the year,
$14,178.15. O perating expenses, as defined in section 390 o f the B anking Law ,
in curred and p a id du rin g th e year, $4,'864.74. U npaid, none.
N o prem ium plan. In terest p a id b y b orrow in g members, 5 per cent, 5 %
per cent and 6 per cent. N o prem ium charged.
L oan s have been made in Genesee county, N ew Y ork State. Largest m ort­
ga ge loan outstanding, $20,000. M ortgages in force in N ew Y ork State,
$532,970.98. N o foreclosures du rin g th e year.

GREENE COUNTY
CATSKILL SAYINGS AND LOAN ASSOCIATION
[Organized
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................

N o. 325 M ain street, Catskill, N . Y .
under Law of 1851. Commenced business 1889]
Names
Post-office addresses
PERCIVAL GOLDEN....................................... Catskill, N. Y.
THOMAS E. JONES......................................... Catskill, N. Y.
P. GARDNER COFFIN....................................
Catskill, N. Y.
ORLIFF T. H EATH ........................................
Catskill, N. Y.

ASSETS
L oan s on bond and m ortg a g e......................................
Loans on shares ............................................................
Stocks and b on d s............................................................
Shares o f Land Bank o f State o f N ew Y o r k ____
Cash on hand and in b a n k ...........................................
F urniture and fix tu res.................................................
Interest, prem ium , fees and fines due and unpaid
A ccrued interest .............................................................




$2 0 5,0 5 0 00
3 ,4 62 75
4 3 ,3 4 0 00

1,000 00
7 ,551
517
50
600

39

86
00

00

$261,572 00

G reene C ounty

141

LIABILITIES
D ue shareholders, dues and dividends cred ited ............................
B alance to he pa id borrow ers on m ortgage lo a n s .........................
B orrow ed m oney .......................................................................................
U ndivided profits .....................................................................................
G uaran ty fu n d (as per section 392 o f B anking L a w ) ................
Suspense accou nt .....................................................................................

$231,680
100
6, 000
9 ,6 5 4
3 ,5 0 0
10,637

48
00
00
42
00
10

$261,572 00
RECEIPTS
Cash on hand Janu ary 1, 1917............................................................
D ues credited t o m em bers.....................................................................
M oney b orrow ed .......................................................................................
M ortgages redeemed, foreclosed or transferred to real e s t a t e ..
L oan s on shares re p a id ..........................................................................
Fines r e c e iv e d ..............................................................................................
In terest received .......................................................................................
Prem ium received .....................................................................................
D ividends retained on w ith d raw a ls...................................................
Suspense account .......................................................................................
A m ortization , discou nt b on d s.................................................................
A m ortization , prem ium b o n d s ..............................................................
N ation al defense shares....................
L ib erty bonds ............................................................................................

$2 ,42 6
62,228
11,500
15,100
1,721
50
10,511
239
18
9 ,1 2 6
59
11
2 ,4 81
350

53
35
00
00
54
22
64
32
02
97
62
76
25
00

$115,825 22
DISBURSEMENTS
Loaned on m o rtg a g e...................................................................................
Loaned on shares.......................................................................................
Dues repaid on w ithdraw al, o r applied on lo a n s ...........................
D ividends paid on w ithdraw al, o r applied on lo a n s ....................
Cash dividends p a id on incom e and accum ulative prepaid
shares .........................................................................................................
P a id borrow ed m oney and p rior m ortga ges......................................
P a id interest on borrow ed m oney and p rior m ortga ges...........
P a id salaries and clerk -h ire.................................................................
P aid advertising, p rin tin g and p osta g e ..........................................
P a id ren t .......................................................................................................
P aid banking departm ent, exam ination ...........................................
P a id banking departm ent, assessm ent...............................................
State League d u es.....................................................................................
Safe ...............................................................................................................
Sundries ......................................................................................................
L ib e rty bonds purchased .......................................................................
In dividuals ..................................................................................................
R epairs ...........................................................................................................
Safe deposit b o x .........................................................................................
A m ortization , discou nt b on d s.................................................................
A m ortization , prem ium b on d s..............................................................
N ational defense shares.........................................................................
Cash on hand D ecem ber 31, 1917..........................................................




$33,250
1 ,3 6 0
44 ,15 5
2 ,6 2 4

00
08
40
46

448
5 ,5 00
38
850
127
125
50
14
7
226
24
19,000
37

00

00
60
00
80
00
71
11

00

35
85
00
27
6 82

6 00
59
11
350
7,551

62
76
00
39

$115,825 22

142

R eport

on

Savings

and

L oan A ssociations •

P lan , permanent. P a r valu e of shares, $25, $100, and $200. Instalm ents
are 35 cents, '50 cents and $11 m onthly.
Shares in fo rce Janu ary 1, 1917, 6,743% . T ota l dividends credited m em ­
bers du rin g the yea r on instalm ent shares, $2,378.58; rate 5 per cent. T ota l
dividends credited or pa id in cash to members durin g the year on other
shares, $4,122.36; ra te 4 p er cent.
N o unpaid w ithdraw als. O perating expenses, as defined in section 390 o f
th e B anking L aw , incurred and paid du rin g the year, $1,171.57. U npaid,
none.
N o prem iiim plan. In terest pa id b y b orrow in g members, 4 % per cent. 5
per cent. 5 % per cent, and 6 per cent. N o prem ium charged.
Loans have been m ade in Greene county, N ew Y o rk State. L a rg est m ort­
ga ge loan outstanding, $10,000. M ortgages in force in N ew Y ork State,
$205,050. N o foreclosures durin g the year.

HERKIMER COUNTY
FRANKFORT SAVINGS AND LOAN ASSOCIATION
N o. 128 L itchfield street, F ran k fort, N . Y.
[Organized under Law of 1910. Commenced business 1912]
Officers
Names
Post-office addresses
President................................ SEYMOUR S. RICHARDS....................... Frankfort, N. Y.
Secretary................................ H. SEYMOUR GETMAN......................... Frankfort, N. Y.
Treasurer.............................. GEORGE S. ALLEN................................. Frankfort, N. Y,
Attorney................................ E. LA GRANGE SMITH......................... Frankfort, N. Y.
ASSETS
Loans on bond and m ortg a g e.................................................................
L oans on shares.........................................................................................
C ash on hand and in b a n k .....................................................................
F u rn itu re and fixtu res..............................................................................

$ 7 3 ,8 0 0
667
1 ,0 7 5
171

00
00
82
50

$ 7 5 ,7 1 4 32
LIABILITIES
D ue shareholders, d u es..............................................................................
D ue shareholders, dividends cred ited ....................................................
B orrow ed m o n e y .........................................................................................
U ndivided p r o f i t s .......................................................................................
G uaran ty fu n d (a s per section 392 o f B anking L a w ) ................

$61,5 5 4
6 ,5 2 3
5 ,0 0 0
2 ,0 0 4
632

46
30
00
38
18

$75,7 1 4 32
RECEIPTS
Cash on hand Janu ary 1, 1917............................................................
D ues credited t o m em bers.......................................................................
M oney b o r r o w e d .........................................................................................
M ortgages redeemed, foreclosed or transferred t o real e s t a t e ..
L oan s on shares re p a id ............................................................................
Fees r e c e iv e d ................................................................................................
In terest r e c e iv e d .........................................................................................

$628
3 5 ,85 6
8 ,0 0 0
16,000
325
94
3 ,9 2 8

61
85
00
00
00
20
83

$64,833 49
DISBURSEMENTS
L oaned on m o rtg a g e...................................................................................
Loaned on shares................................... .....................................................
D ues rep aid on w ithdraw al, or applied on lo a n s.............................
D ividends p a id on w ith draw al, or applied on lo a n s ..................
P a id borrow ed m oney and p rior m ortga ges....................................
P a id interest on borrow ed m oney and p rior m ortga ges..............




$29,800 00
737 00
2 6 ,70 6 36
91817
5 ,0 0 0 00
77 50

H erkimer County
P aid salaries and clerk -lu re...................................................................
P aid advertising, p rin tin g and p osta g e............................................
P aid rent .......................................................................................................
P a id banking departm ent, exam ination ...........................................
P a id banking departm ent, assessm ent........... ...................................
Advances fo r taxes, insurance, e t c ........................................................
M iscellaneous e x p e n s e ..............................................................................
Cash on hand December 31, 1917........................................................

143
$300 00
36 09
10 00
1800
4 61
2 37
57 57
1 ,075 82
$64,833 49

Plan, serial. P a r value o f shares, $100. Instalm ents are 10 cents and 25
cents weekly.
Shares in fo rce January 1, 1917, 2 ,7 23 ; shares issued durin g the year, 942;
shares w ith draw n durin g the year, 263; shares in force, 3,402. B orrow in g
members, 53, h oldin g 755 shares; non-borrow ing members, 293, holding 2,647
shares. Fem ale shareholders, 132, h oldin g 639 shares. T ota l dividends
credited members during the year on instalm ent shares, $3,015.56; rate, 6
per cent.
N o unpaid w ithdraw als. Entrance fee, 10 cents per share. O perating
expenses, as defined in section 390 o f the Banking Law , incurred and paid
durin g th e year, $496.03. Unpaid, none.
Prem ium plan, instalm ent. In terest paid b y borrow in g members, 10 cents
per share p er week. Prem ium pa id b y b orrow in g members, 2 cents per share
per week.
Loans have been made in H erkim er cou nty, N ew Y ork State. L argest
m ortgage loan outstanding, $3,500. M ortgages in force in N ew Y ork State,
$73,800. N o foreclosures during th e year.

HERKIMER CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION
P ryne B u ildin g, N orth M ain street, H erkim er, N . Y .
[Organized under Law of 1894. Commenced business 1898]
Officers
Names
Post-office addresses
President..................... CHARLES STEWART.................................. Herkimer, N. Y.
Secretary..................... CLARENCE B. ROOT................................... Herkimer, N. Y.
CLARENCE A. McCREERY......................... Herkimer, N. Y.
Treasurer...................
Attorney.....................
WILLIAM J. GARDINIER......................... Herkimer, N. Y.
ASSETS
Loans on bond and m ortg a g e ........................................
Loans on shares...................................................................
Stocks and b o n d s.................................................................
Cash on hand and in b a n k .............................................
F u rn itu re and fix tu res......................................................
Interest, prem ium , fees and fines due and unpaid

$164,850
1,641
4 ,2 5 0
5 ,8 1 2

00
50
00
57

120 00
623 00
$177,297 07

LIABILITIES
D ue shareholders, du es..............................................................................
D ue shareholders, dividends cred ited ...................................................
B orrow ed m o n e y .........................................................................................
U ndivided profits .......................................................................................
G uaranty fun d (as per section 392o f Banking L a w ) ..................




$145,433
17,992
8 ,5 00
3 ,428
1,943

62
44
00
01
00

$177,297 07

144

R eport

on

Sayings

and

L oan A ssociations

r e c e ip t s

Cash on hand J anu ary 1, 1917...........................................................
D ues credited t o m em bers.......................................................................
M on ey b o r r o w e d .........................................................................................
M ortgages redeemed, foreclosed or transferred to real e s t a t e ..
Loans on shares r e p a id ..............................................................................
Fees r e c e iv e d ................................................................................................
Fines r e c e iv e d ..............................................................................................
Interest r e c e iv e d .........................................................................................
D ividends retained on w ith draw a ls......................................................
A dvances r e p a i d .........................................................................................
L ib e rty bonds s o ld .......................................................................................

$ 4 ,4 8 4 57
68,000 69
2 6 ,0 0 0 00
12,850 00
2 ,7 8 0 00
49 io
81 08
7 ,9 2 8 52
245 83
57 06
750 00
$123,226 85

DISBU RSEM EN TS

Loaned on m o rtg a g e...................................................................................
Loaned on shares.........................................................................................
D ues repaid on w ithdraw al, or applied on lo a n s ...........................
D ividends p a id on w ith draw al, or applied on lo a n s ....................
P a id borrow ed m oney and p rior'm ortg a g es......................................
P a id interest on borrow ed m oney and p r io r m ortga ges..............
P a id salaries and clerk -h ire...................................................................
P a id advertising, p rin tin g and p osta ge.............................................
P a id banking departm ent, assessm en t...............................................
State League du es.......................................................................................
Insurance ......................................................................................................
Search .............................................................................................................
A pp ra isa ls .......................................
A t t o r n e y .........................................................................................................
A u ditors .........................................................................................................
R ecord in g .......................................................................................................
L ib e rty bonds pu rch ased..........................................................................
Cash on hand Decem ber 31, 1917........................................................

$39,300
3 ,0 3 6
4 9 ,40 7
2 ,0 8 6
17,500
185
800
1
9

00
50
09

88
00
19
00
00
56

6 00
2 06
4 00
24
3
20
28
5 ,0 0 0
5 ,8 1 2

50
00
00
50
00
57

$123,226 85

P lan , perm anent. P a r valu e o f shares, $100. Instalm ents are 15 cents
weekly.
Shares in fo rce Ja n u a ry 1, 1917, 6,884; shares issued diming the year, 1,382;
shares w ithdraw n durin g the year, 1,782; shares in force, 6,484. B orrow in g
mem bers, 82, h oldin g 1,465 sh a res; non-borrow ing members, 414, h oldin g 5,019
shares. Fem ale shareholders, 187, h oldin g 1,772 shares. T ota l dividends
credited members du rin g the year on instalm ent shares, $5,515.70; rate, 5 %
per cent. T o ta l dividends credited or paid in cash t o m em bers du rin g the
yea r on other shares, $689.91; rate, 4 per cent, and 5 per cent.
N o unpaid w ithdraw als.
Entrance fee, 5 cents per share. O perating
expenses, as defined in section 390 o f the B anking Law , incurred and paid
du rin g the year, $885.06. U npaid, none.
N o prem ium plan. Interest paid b y borrow in g members, 5 % per cent.,
5 % per cent, and 6 per cent. N o prem ium charged.
L oan s have been made in H erkim er county, N ew Y ork State. L argest m ort­
gage loan outstanding, $4,000.
M ortgages in force in N ew Y ork State,
$164,850. N o foreclosures du rin g th e year.




H erkimer C ounty

145

ILION PERMANENT SAVING, BUILDING AND LOAN ASSOCIATION
N o. 10 E a st M ain street, Ilion , N . Y .
[Organized under Law of 1851. Commenced business 1888]
Officers
Names
Post-office addresses
President....................
SAMUEL T. RUSSELL......................................... Ilion, N. Y.
Secretary..................... W. H. GRIMSHAW...............................................
Ilion, N. Y.
Treasurer...................
JOHN A. GIBfLIN.................................................
Ilion, N. Y.
JAMES CONKLING...............................................
Ilion, N. Y.
Attorney.....................
ASSETS
Loans on bond and m ortg a g e.................................................................
Stocks and b o n d s.........................................................................................
Cash on hand and in b a n k .....................................................................

$690,060 00
10, 000 00
31 ,04 0 00
$731,100 00

LIABILITIES
Due shareholders, dues and dividends cred ited .............................
Undivided profits .......................................................................................
G uaranty fund (as per section 392 o f Banking L a w ) ................
Unearned or rebatable prem iu m ............................................................

$664,773
16,468
15,641
34,216

95
17
36
52

$731,100 00
RECEIPTS
Cash on hand Janu ary 1, 1917............................................................
Dues credited to m em bers.......................................................................
M ortgages redeemed, foreclosed or transferred to real e s ta t e ..
Fees r e c e iv e d ................................................................................................
Fines r e c e iv e d .............................................................................................
Interest received .......................................................................................
Prem ium received .....................................................................................
Rent received ..............................................................................................

$14,491
301,986
127, 740
399
473
31 ,95 3
6 ,1 6 5
600

51
46
00
15
40
70
00
00

$483,809 22
DISBURSEMENTS
Loaned on m o rtg a g e ............................................................ •
.....................
Dues repaid on w ithdraw al, or applied on lo a n s ...........................
P a id salaries and clerk -h ire...................................................................
P a id advertising, p rin tin g and p osta ge.............................................
P a id rent ......................................................................................................
P a id banking departm ent, assessm ent...............................................
Officers’ b o n d s .............................................................................................
State League dues and delegates’ expenses........................................
L ib erty bonds pu rch ased..........................................................................
R ebate on prem iu m s..................................................................................
M ortgage t a x e s ...........................................................................................
A u d itors .........................................................................................................
Inspectors o f election ..............................................................................
W atchm an ....................................................................................................
S a tisfyin g m o rtga ges........................
F u rn itu re ......................................................................................................
Insurance on fu rn itu re ..............................................................................
Cash on hand D ecem ber 31, 1917 ..........................................................

$139,020
297,642
2 ,7 7 6
70
600
41
28
37
10,000
1,929
473
60
10
20
39
14
6
31 ,04 0

00
24
05
25
00
98
00
00
00
10
50
00
00
00
50
85
75
00

$483,809 22
Plan, permanent.
weekly.




P a r value o f shares, $105.

Instalm ents are 25 cents

146

R eport

on

Savings

and

L oan A ssociations

Shares in fo rce Janu ary 1, 1917, 24,003; shares issued du rin g the year,
3,964; shares w ithdraw n du rin g the year, 5,319; shares in force, 22,648.
B orrow in g members, 378, holding 6,572 shares; non-borrow ing members,
1,409, h oldin g 16,076 shares. Fem ale shareholders, 694, h oldin g 6,480 shares.
T o ta l dividends credited members du rin g the year on instalm ent shares,
$25,590.49; rate, 5 per cent.
N o unpaid w ithdraw als.
Entrance fee, 10 cents per share.
O perating
expenses, as defined in section 390 o f th e B anking Law , incurred and paid
du rin g the year, $3,022.90. U npaid, none.
P rem ium plan, gross. Interest pa id b y b orrow in g members, 5 per cent.
P rem ium paid b y borrow in g members, $5 per share.
L oan s have been made in H erkim er cou nty, N ew Y ork State. L argest
m ortgage loan outstanding, $5,250. M ortgages in force in N ew Y ork State,
$690,060. N o foreclosures during the year.

LITTLE FALLS BUILDING, SAVINGS AND LOAN ASSOCIATION
N o. 603 E a st M ain street, L ittle F alls, N . Y .
[Organized under Law o f 1910. Commenced business 1913]
Officers
Names
Post-office addresses
Little Falls. N. Y.
President..................... FRANK SENIOR.......................................
Secretary..................... EDWARD H. KINGSBURY.................... Little Falls, N. Y.
Treasurer...................
JOHN O’ ROURKE..................................... Little Falls, N. Y.
A t t o r n e y .................. W. EARL W ARD........................................ Little Falls, N. Y.
ASSETS
Loans on bond and m ortg a g e.................................................................
Loans on shares............................................................................................
Stocks and b o n d s.........................................................................................
Cash on hand and in b a n k .....................................................................

$45, 450
260
6 , 096
1, 675

00

00
48

66

$ 5 3 ,4 8 2 14
LIABILITIES
Due shareholders, d u es..............................................................................
D ue shareholders, dividends cred ited .................................................
U ndivided profits ............................................................ ..........................
G u aran ty fund (a s per section 392 o f B anking L a w ) ................

$49, 390
2 ,8 1 0
1,0 90
190

50
80
07
77

$ 5 3 ,4 8 2 14
RECEIPTS
Cash on hand Ja n u a ry 1, 1917............................................................
D ues credited to m em bers.......................................................................
M on ey b o r r o w e d .........................................................................................
M ortgages redeemed, foreclosed o r transferred to real esta te. .
L oans on shares re p a id ............................................................................
Fees received ................................................................................................
F ines received ...........................................................................................
In terest received .......................................................................................
D ividends retained on w ith d raw a ls.....................................................

$ 3,157 40
31 ,13 6 00

1,000 00
2, 500
478
93
58
2 ,2 1 5

00

00
50
32

22
6 73

$40,645 17
DISBURSEMENTS
Loaned on m o rtg a g e..................................................................................
Loans o n shares...........................................................................................
Dues repaid on w ithdraw al, or applied on lo a n s .........................
D ividends pa id on w ith draw al, o r applied on lo a n s ....................
P a id borrow ed m oney and p rior m ortga ges......................................
P a id in terest on borrow ed m oney and p r io r m ortga ges..............




$ 10,000
363
20,707
467
1,000
5

00
00
50
46
00
00

147

J efferson County
P aid salaries and clerk -h ire...................................................................
P a id advertising, p rin tin g and p osta ge.............................................
P a id banking departm ent, assessm ent...............................................
B onds purchased .......................................................................................
D ifference in d u es.......................................................................................
Cash on hand December 31, 1917........................................................

$250
71
3
6 ,0 9 6
5
1 ,675

00
62
45
48
00

66

$40,645 17
P lan , permanent. P a r value o f shares, $100. Instalm ents are 25 cents
weekly.
Shares in fo rce Janu ary 1, 1917, 2,233; shares issued during the year 935;
shares w ithdraw n du rin g the year, 7 33; shares in force, 2,435. B orrow in g
members, 18, h oldin g 279 shares; non-borrow ing members, 337, h oldin g 2,156
shares.
Fem ale shareholders, 122, h oldin g 615 shares.
T ota l dividends
credited mem bers durin g the yea r on instalm ent shares, $1,843.14; rate, 6
per cent.
N o unpaid w ithdraw als. Entrance fee, 10 cents per share. Operating
expenses, as defined in section 390 o f the Banking Law , incurred and paid
during the year, $321.62. U npaid, none.
Prem ium plan, instalm ent. In terest paid b y b orrow in g members, 5 % per
cent. N o prem ium charged.
Loans have been made in H erkim er county, N ew Y ork State. Largest
m ortgage loan outstanding, $4,300. M ortgages in force in N ew Y ork State,
$45,450. N o foreclosures during the year.

JEFFERSON COUNTY
CARTHAGE SAVINGS, LOAN AND BUILDING ASSOCIATION
N o. 8 S trickland B u ildin g, S o. M echanic street, Carthage, N . Y .
[Organized under Law of 1851. Commenced business 1889]
Officers
Names
Post-office addresses
President..................... C. E. F RANC IS ................................................ Carthage, N. Y.
Secretary..................... W. W. SW EET................................................... Carthage, N. Y.
Treasurer...................
F. W. COBURN................................................ Carthage, N. Y.
Attorney..................... W. A. PORTER.................................................. Carthage. N. Y.
ASSETS
Loans on bond and m ortga ge.........................
L oan s on sh a re s...................................................
Stocks and b o n d s.................................................
Cash on hand and in b a n k .............................
F u rn itu re and fix tu res......................................

$285,265
4 ,445
3 ,0 00
25,367

50
00
00
94

1, 200 00
$319,278 44

LIABILITIES
Due shareholders, d u es............................................................................
D ue shareholders, dividends cred ited .................................................
U ndivided p r o f i t s ............................. .........................................................
G uaranty fu n d (as per section 392 o f Banking L a w ) ................

$284,683
14, 953
14,092
5, 548

73
74
97
00

$319,278 44
RECEIPTS
Cash on hand January 1, 1917..............................................................
Dues credited to m em bers.....................................................................
M ortgages redeemed, foreclosed or transferred to real e s ta te ..
Loans on shares re p a id ............................................................................
Interest received .......................................................................................




$11,249
70,746
39,225
8, 328
16,690

43
04
00
00
10

148

R eport

on

Savings

and

L oan A ssociations

Prem ium r e c e iv e d .......................................................................................
D ividends retained on w ith draw a ls....................................................

$363 58
236 25

$146,838 40
DISBURSEMENTS
===========
Loaned on m ortga ge...................................................................................
$ 30,475 00
Loaned on shares.........................................................................................
8 .4 0 8 00
D ues repaid on w ith draw al, or applied on lo a n s ...........................
55. 283 20
P a id m atured sh a res..................................................................................
12.746 66
6 , 565 41
D ividends p a id on w ith draw al, o r applied on lo a n s ....................
C ash dividends p a id on incom e and accum ulative prepaid
shares .........................................................................................................
2 ,4 9 2 13
P a id salaries and clerk -h ire...................................................................
1,599 30
P a id advertising, p rin tin g and p o sta g e.............................................
256 44
P a id ren t .....................................................................................................
300 00
P a id banking departm ent, exam in ation ...........................................
71 50
P a id banking departm ent, assessment.................................................
19 36
M ortgage t a x e s ............................................................................................
153 16
I n s u r a n c e ................................•.....................................................................
10 30
L ib erty bonds pu rch ased..........................................................................
3 ,0 0 0 00
Cash on hand Decem ber 31, 1917..........................................
2 5 ,36 7 94
$146,838 40
P lan , permanent. P a r value o f shares, $100. Instalm ents are 10 cents and
25 cents w eekly.
Shares in fo rce Ja n u a ry 1, 1917, 1,518; shares issued du rin g th e year,
4 4 1 ; shares w ith draw n du rin g th e year, 5 5 7 ; shares in force, 1,402. B or­
row in g members, 96, h oldin g 476 shares; non-borrow ing mem bers, 224, h old ­
in g 926 shares. Fem ale shareholders, 135, h oldin g 396 shares. T ota l d iv i­
dends credited members du rin g th e yea r on instalm ent shares, $4,570.04;
rate, 5 % per cent. T ota l dividends credited or paid in cash to members
du rin g the year on other shares, $7,853.67; rate, 4 per cent.
N o unpaid w ithdraw als. A m oun t o f shares m atured du rin g th e year,
$12,746.66. O perating expenses, as defined in section 390 o f the Banking
L aw , incurred and paid du rin g the year, $2,166.04. U npaid, none.
N o prem ium plan. In terest paid b y b orrow in g members, 6 per cent.
N o prem ium charged.
Loans have been made in Jefferson and Lew is
counties, N ew Y ork State.
Largest m ortgage loan outstanding, $7,500.
M ortgages in fo rce in N ew Y ork State, $285,265.50. N o foreclosures du rin g
th e year.

WATERTOWN SAVINGS, LOAN AND BUILDING ASSOCIATION
N o. 105 Charlebois B rothers block, W atertow n, N . Y.
[Organized under Daw o f 1851. Commenced business 1888]
Officers
Names
Post-office addresses
President.....................
Secretary.....................
Treasurer...................
Attorney.....................

EDI W. HERRICK................................
A. E. SHERWOOD..................................
A. E. SHERWOOD..................................
JOSEPH ATWEDD ..............................

ASSETS
Loans on bond and m ortg a g e.........................
L oan s on shares...................................................
Stocks and b o n d s.................................................
C ontracts fo r the sale o f real esta te...........
R ea l estate..............................................................
Cash on hand and in b a n k ...............................
F u rn itu re and fixtu res......................................




Watertown, N. Y.
Watertown, N. Y.
Watertown. N. Y.
122 Winslow Street.
$322,781
17,601
3 ,9 5 0
14. 397

76
25
00
79

6.688 00
1 ,3 9 5 85
555 98
$367, 370 63

J efferson County

149

L IA B IL IT IE S

I>ue shareholders, d u e s . , . . '.....................................................................
Due shareholders, dividends cred ited ...............................................
B alance to he paid borrow ers on m ortgage lo a n s .........................
B orrow ed m oney .......................................................................................
Undivided profits .......................................................................................
G uaranty fund (as per section 392 o f Banking L a w ) ................

$285,656
49 ,68 7
400
2 ,0 0 0
21, 500
8 ,1 2 5

34
90
00
00
87
52

$367, 370 63
RECEIPTS

Cash on hand Janu ary 1, 1917............................................................
Dues credited to m em bers.......................................................................
M oney borrow ed .........................................................................................
M ortgages redeemed, foreclosed or transferred to real e s t a t e ..
Loans on shares re p a id ..............................................................................
Fines r e c e iv e d ..............................................................................................
Interest r e c e iv e d .........................................................................................
Rent received .............................................................................................
D ividends retained on w ith d raw a ls...................................................
Advances r e p a i d .........................................................................................
L ib erty bond s o ld .......................................................................................
Contracts fo r the sale o f real esta te...................................................
P rofit and loss, sale o f real esta te........................................................

$12,217
84,764
11,000
26,500
9 ,1 0 0
56
23, 090
773
558
58
50
2, 246
2 ,0 3 4

62
99
00
00
50
42
77
25
37
30
00
08.
51

$172,450 81
DISBURSEMENTS
Loaned on m o rtg a g e..................................................................................
Loaned on shares.........................................................................................
Dues repaid on w ith draw al, or applied on lo a n s .........................
P a id m atured s h a r e s ................................................................................
D ividends paid on w ithdraw al, or applied on lo a n s ........................
P aid borrow ed m oney and p rior m ortga ges......................................
P aid interest on borrow ed m oney and p rior m ortga ges...........
P a id fo r real esta te..................................................................................
P a id salaries and clerk -h ire...................................................................
P a id advertising, p rin tin g and p osta ge.............................................
P a id r e n t ......................................................................................................
P a id repairs to real esta te.....................................................................
P a id taxes, insurance, e t c .....................................................................
P a id banking departm ent, exam ination .............................................
P a id banking departm ent, assessm ent...............................................
Officers’ bonds ...........................................................................................
S u n d r ie s .........................................................................................................
State League d u es.......................................................................................
M ortgage t a x e s ...........................................................................................
F oreclosure ..................................................................................................
W a ter rents .................................
M ovin g ...........................................................................................................
S i g n s ...............................................................................................................
Office insurance ................................................................ '.......................
M e t e r ..............................................................................................................
Bonds purchased ................................................................ ......................
F urniture and fix tu res..............................................................................
Interest on real estate, con tra cts..........................................................
Cash on hand December 31, 1917...................




$56, 425 00
15,521 00
46, 496 04
2 2,539 84
6 . 959 50
9, 000 00
125 00
5 ,6 0 2 68
1,814 50
94 24
133 33
282 58
318 OS
90 00
20 81
28 00
• 82 36
7 00
257 50
271 88
37 00
86 00
26 40
5 50
5 00
4. 000 00
64 95
760 77
1,395 85
$172,450 81

150

R eport

on

Savings

and

L oan A ssociations

P lan , permanent. P a r value o f shares, $100. Instalm ents are 10 cents
weekly.
'
: !il
Shares in force Janu ary 1, 1917, 14,010; shares issued du rin g the year,
3,198; shares w ithdraw n durin g th e year, 2,440; shares in force 14,777.
B orrow in g members, 375, h oldin g 2,957 shares; non-borrow ing members, 975,
h oldin g 11,820 shares. Fem ale shareholders, 615, holding 5,898 shares. T ota l
dividends credited members du rin g the year on instalm ent shares, $16,126.29;
rate, 6 per cent. T ota l dividends credited or paid in cash to members, du rin g
th e yea r on other shares, $1,542.08; rate, 4 per cent.
N o unpaid w ithdraw als. A m ount o f shares m atured du rin g the year, $22,539.84. E ntrance fee, 25 cents per member. O perating expenses, as defined in
section 390 o f the B anking Law , incurred and pa id durin g the year, $2,282.33.
U npaid, none.
Prem iu m plan, prem ium -interest. In terest paid b y b orrow in g members,
5 % per cent. Prem ium pa id b y b orrow in g m em bers, 2.08 per cent.
Loans have been made in Jefferson county, N ew Y ork State. Largest m ortage loan outstanding, $10,000. M ortgages in force in New Y ork State,
322,781.76. One foreclosure during the year.

f

KINGS COUNTY
ATLANTIC SAVINGS AND LOAN ASSOCIATION
N o. 321 Court street, B rooklyn, N. Y .
[Organized under Law of 1887.
Officers
President................................
Secretary................................
Treasurer..............................
Attorney................................

Commenced business 1888. Reorganized under
Law o f 1892]
Names
Post-office addresses
JOHN J. P. PAGAN..................
609 Sixth Street.
THOMAS .T SKIJ.SE..................
.
305 President Street.
JOHN A. LAW LER...................
497 First Street.
CHARLES A. WEBBER..........
44 Court Street.
ASSETS

L oan s on bond and m ortg a g e................................................................. $ 1 ,2 9 1 ,1 5 0
Loans on shares...........................................................................................
2 4 ,3 5 0
Stocks and b o n d s.........................................................................................
6 0 ,05 0
Shares o f Land Bank o f State o f N ew Y o r k ......................................
1 ,000
1 ,7 0 0
C ontracts fo r the sale o f real esta te....................................................
B ea l e s t a t e ....................................................................................................
12,200
Cash on hand and in b a n k .......................................................................
68 ,97 8
Furn itu re and fix tu res..............................................................................
875

00

00
00
00

00
00
73

00

$ 1 ,4 6 0 ,3 0 3 73
LIABILITIES

•

D ue shareholders, d u e s .............................................................................. $ 1 ,3 1 8 ,9 8 5
D ue shareholders, dividends cred ited .................................................
37 ,40 6
P rio r m o r t g a g e s .........................................................................................
5 ,7 5 0
U ndivided p r o f i t s .......................................................................................
2 0 ,4 4 6
G uaran ty fun d (as per section 392 o f Banking L a w ) ..................
42 ,70 9
M a tu rity f u n d ..............................................................................................
14,774
In terest paid in advan ce.........................................................................
467
Reserve f u n d ........... •..................................................................................
•
19,764




04
64
00
05
79
20
33

68

$ 1 ,4 6 0 ,3 0 3 73

K ings County

151

RECEIPTS
Cash on hand Janu ary 1, 1917...............................................................
Dues credited to m em bers.......................................................................
P r io r m o r t g a g e s .........................................................................................
M ortgages redeemed, foreclosed or transferred to real e s t a t e ..
Loans on shares re p a id ............................................................................
R eal estate sold .........................................................................................
Interest r e c e iv e d ........................................................................................
R en t r e c e iv e d ...............................................................................................
L oan deposits received..............................................................................
Shares o f Land Bank s o ld .......................................................................
L iberty bonds s o ld .......................................................................................

$68,0 4 7
311,894
2 ,0 0 0
136,450
18,450
6 ,1 0 0
61,151
612
2 ,0 0 0
4 ,0 0 0
2 6 ,77 0

04
28
00
00

00
00
33

00
00
00
00

$637,474 65

DISBURSEMENTS
Loaned on m o rtg a g e........................
Loaned on shares.........................................................................................
Dues repaid on w ithdraw al, or applied on lo a n s ...........................
P a id m atured s h a r e s ................................................................................
Cash dividends pa id on incom e and accum ulative prepaid
shares .........................................................................................................
P a id borrow ed m oney and p rior m ortga ges....................................
P aid interest on borrow ed m oney and p rior m ortga ges................
P aid fo r real e s t a t e ...................................................................................
P a id salaries and clerk -h ire...................................................................
P a id advertising, prin tin g and p osta ge.............................................
P a id banking departm ent, exam in ation .............................................
P a id banking departm ent, assessm ent...............................................
Loan deposits re p a id ...................................................................................
General expense .........................................................................................
A tla n tic B u ildin g expense.......................................................................
M atu rity f u n d ..............................................................................................
Reserve f u n d ................................................................................................
Bonds purchased .......................................................................................
Cash on hand December 31, 1917........................................................

$116,200
2 6 ,2 0 0
244,974
62,359

00
00
97
64

2 ,6 7 0
6 ,0 0 0
996
7 ,2 7 3
4 ,8 6 7
401
45
84
2 ,0 0 0
2 ,051
307
1 ,596
3 ,6 4 5
8 6,820
68 ,97 8

75
00
64
85
00
80
50
77
00
36
67
38
59
00
73

$637,474 65
Plan, permanent. P a r value o f shares, $200. Instalm ents are $1 m onthly.
Shares in force Janu ary 1, 1917, 42,700; shares issued du rin g the year,
5,003; shares w ithdraw n du rin g the year, 8,266; shares in force, 39,437.
B orrow in g members, 789, h oldin g 6,561 shares; n on-borrow ing members, 2,964,
holdin g 32,876 shares. Fem ale shareholders, 1,776, holding 20,948 shares.
T ota l dividends credited members du rin g th e year on instalm ent shares,
$13,813.28; rate, 4 % per cent, and 5 % per cent. T ota l dividends credited or
paid in cash t o mem bers during the year on other shares, $26,264.11; rate,
4 per cent., 4*4 per cent, and 4 % per cent.
N o unpaid w ithdraw als.
A m ount o f shares m atured du rin g th e year,
$62,359.64. O perating expenses, as defined in section 390 o f the Banking Law ,
incurred and paid du rin g the year, $7,320.16. U npaid, none.
N o prem ium plan. Interest paid b y b orrow in g members, 5 per cent., 5 %
per cent, and 6 per cent. N o premium charged.
Loans have been made in K ings, Queens, N ew Y ork, R ichm ond, Stiff oik and
W estchester counties, N ew Y ork State. L argest m ortgage loan outstanding,
$10,000. M ortgages in force in New Y ork State, $1,291,150. Tw o foreclosures
during the year.




152

R eport

on

Savings

and

L oan A ssociations

BAY RIDGE SAVINGS AND LOAN ASSOCIATION
N o. 7416 T h ird avenue, B rooklyn, N . Y .
[Organized
Officers
President....................
Secretary.....................
Treasurer...................
Attorney.....................

under Law of 1851. Commenced business 1887]
Names
Post-office addresses
WILLIAM B. HATFIELD.............. 317 Ninety-third Street.
HARRY H. OATES........................ Sedgwick Place
.TAMES RUDDIMAN...................... Senator Street.
WALTER L. DURACK.................
215 Montague Street.

ASSETS
Loans on bond and m ortg a g e ...........................
Stocks and b on d s......................................................
Shares o f Land Bank o f State o f N ew Y ork
R eal e s t a t e .................................................................
Cash on hand and in b a n k ....................................
F u rn itu re and fix tu re s ..........................................

$115,063 80

1,000 00
1,000 00
8 ,4 2 4 54
438 01
50 00
$125,976 35

LIABILITIES
D ue shareholders, d u e s ....................................................: ........................
D ue shareholders, dividends cred ited ....................................................
B orrow ed m o n e y .........................................................................................
U ndivided p r o f i t s .......................................................................................
G uaranty fund (as per section 392 o f Banking L a w ) ....................

$100,250
1 2,742
7 ,0 0 0
1,2 56
4 ,7 2 6

72
60
00
22
81

$125,976 35
RECEIPTS
Cash on hand J anu ary 1, 1917...........................................................
D ues credited to m em bers.......................................................................
M oney b o r r o w e d .........................................................................................
M ortgages redeemed, foreclosed or transferred to real e s t a t e ..
In terest r e c e iv e d .........................................................................................
Prem ium r e c e iv e d .......................................................................................
R ent r e c e iv e d ....................................................................................

$ 5 ,06 8
2 7 ,82 3
8 ,0 0 0
1 6,352
6 ,4 85
511
1 ,2 94

76
06
00
48
17
22
41

$ 65,535 10
DISBURSEMENTS
Loaned on m ortga ge...................................................................................
Dues repaid on w ithdraw al, or applied on lo a n s ...........................
D ividends paid on w ith draw al, o r applied on lo a n s ..................
C ash dividends pa id on incom e an d accum uative prepaid
shares .........................................................................................................
P a id borrow ed m oney and p rior m ortga ges......................................
P a id interest on borrow ed m oney and p rior m ortga ges..............
P a id fo r real esta te...................................................................................
P a id salaries and clerk -h ire...................................................................
P a id advertising, p rin tin g an d p osta ge.............................................
P a id rent .......................................................................................................
P a id repairs to real esta te .....................................................................
P a id taxes, insurance, e tc ........................................................................
P a id banking departm ent, exa m in a tion .............................................
P a id banking departm ent, assessm ent...............................................
Officers’ b o n d s ..............’. .............................................................................
State League dues and expenses............................................................
L ib e rty bonds pu rch a sed..........................................................................
Cash on hand Decem ber 31, 1917..........................................................




$ 15,116 28
33 ,16 9 43
4 ,6 5 9 06
1 ,963
1 ,0 0 0
100
6 ,4 0 0
712
75
180
523

40
00
38
84
00
72
00
11
86 38
15 00
8 47
10 00
72 00
1,005 02
438 01

$65,535 10

K ings County

153

Plan, permanent.- P ar value o f shares, $100 and $250. Instalm ents are 50
cents m onthly.
Shares in force January 1, 1917, 1,960; shares issued du rin g the year, 342;
shares w ith draw n during the year, 359; shares in force, 1,943. B orrow in g
members, 60, h oldin g 1,150 shares; non-borrow ing members, 327, holding 793
shares. Fem ale shareholders, 83, h oldin g 245 shares.
T ota l dividends
credited members du rin g the year on instalm ent shares, $3,028.43; rate, 5 per
cent. T o ta l dividends credited o r paid in cash to members du rin g the year
on other shares, $1,963.40; rate, 5 per cent.
N o unpaid w ithdraw als. O perating expenses, as defined in section 390 of
the Banking Law , incurred and pa id du rin g the year, $1,049.72. Unpaid, none.
Prem ium plan, instalm ent. In terest pa id b y b orrow in g members, 6 per
cent. Prem ium paid b y borrow in g members, 1 per cent.
Loans have been m ade in K in gs and Queens counties, N ew Y ork State.
Largest m ortgage loan outstanding, $9,000. M ortgages in force in New Y ork
State, $115,063.80. One foreclosure du rin g the year.

BEDFORD CO-OPERATIVE BUILDING LOAN ASSOCIATION
N o. 1646 F u lton street, B rooklyn, N . Y .
[Organized under Law of 1851. Commenced business 1888]
Names
Post-office addresses
Officers
President.. .
CHARLES K AISER.................. Brooklyn.
Secretary...
EDWIN F. HOWELL................. 9 Arlington Place.
Treasurer...
AUGUST BUERMANN................ Brooklyn.
Attorney. . .
MARTIN S. COHEN................. 302 Broadway, New York.
ASSETS
Loans on bond and m ortg a g e.................................................................
Loans on shares............................................................................................
Stocks and b o n d s.........................................................................................
Shares o f land Bank o f S tate o f N ew Y o r k ....................................
R eal e s t a t e ....................................................................................................
Cash on hand and in b a n k .....................................................................
Advances fo r taxes, insurance, e t c ......................................................
Loans to other savings and loan a ssocia tion s...............................

$110,849
800
6 ,9 30
2 ,0 0 0
6 ,9 50
7,973
387
2 ,0 0 0

09

00
21

00
00
39
57

00

$137,890 26
LIABILITIES
Due shareholders, du es..............................................................................
D ue shareholders, dividends cred ited .................................................
Balance t o be pa id borrow ers on m ortgage lo a n s .........................
B orrow ed m o n e y ................................................................... ......................
Advances b y L and B a n k ............................................................................
U ndivided p r o f i t s .......................................................................................
G uaranty fund (as per section 392 o f Banking L a w ) ..................
M a tu rity f u n d ..............................................................................................

$96,684
16,582
1,144
5 ,0 00
9 ,0 0 0
2 ,5 50
6 ,0 0 0
927

78

68
00
00
00
84
00
96

$137,890 26
RECEIPTS
Cash on hand Janu ary 1, 1917............................................................
Dues credited to m em bers.......................................................................
M oney b o r r o w e d .........................................................................................
M ortgages redeemed, foreclosed or transferred to real e s ta te ..
Loans on shares re p a id ............................................................................




$1,838
26,915
1,000
23,552
1,550

16
37
00

68
00

154:

R eport

on

Savings

and

L oan A ssociations

Real estate sold .......................................................................................
In terest r e c e iv e d .........................................................................................
R en t received ..............................................................................................
D ividends retained on w ith draw a ls......................................................
Advances r e p a i d ............................................
L and Bank div id en d ...................................................................................
Land Bank shares .....................................................................................
L ib e rty bonds ..............................................................................................
N ation al defense shares...................................
A dvances from Land B a n k .....................................................................
M iscellaneous ..............................................................................................

$150
6 ,9 8 0
173
480
657
50
3 ,0 0 0

1,102
5 ,0 41
5 ,0 0 0

6

41
77

00
98
26
00
00
89
18
00
48

$77,499 18
D ISB U R SEM E N TS

Loaned on m o rtg a g e...................................................................................
Loaned on s h a r e s .......................................................................................
D ues repaid on w ithdraw al, or applied on lo a n s ...........................
D ividends pa id on w ith draw al, or applied on lo a n s ....................
C ash dividends p a id o n incom e and accum ulative prepaid
shares .........................................................................................................
P a id borrow ed m oney and p rior m ortg a g es....................................
P a id interest on borrow ed m oney and p rior m ortga ges................
P a id fo r real e s t a t e .................................................................................
P a id salaries and clerk -h ire...................................................................
P a id advertising, p rin tin g and posta ge.............................................
P a id repairs t o real e s t a t e ,...................................................................
P a id taxes, insurance, e t c ........................................................................
P a id banking departm ent, exam in ation .............................................
P a id banking departm ent, assessm ent...............................................
Officers’ b o n d s ..............................................................................................
A dvances fo r taxes, insurance, e t c ........................................................
L ib e rty bonds pu rch ased..........................................................................
L oans t o oth er savings and loan a ssocia tion s...............................
F orfeited dividends from m a tu rity fu n d ...........................................
N ation al defense shares............................................................................
L an d Bank, advances re p a id ...................................................................
M iscellaneous ..............................................................................................
Cash on hand Decem ber 31, 1917........................................................

$ 6 ,1 5 0
500
37 ,62 8
4 ,6 0 6

00
00
94
72

619
1 ,5 0 0
693
3 ,4 1 3
826
145
210
173
13
9
18
367
8 ,0 3 3
2 ,0 0 0
480
1 ,134
1 ,0 00
1
7 ,9 7 3

54
00
88
90
00
28
16
21
00
44
00
75
10
00
98
89
00
00
39

$77,499 18

P lan, permanent. P a r value of shares, $100 and $200. Instalm ents are $1
m onthly.
Shares in force J a n u a ry 1, 1917, 3,322; shares issued du rin g the year, 515;
shares w ithdraw n du rin g the year, 686 ; shares in force, 3,151. B orrow in g
mem bers, 77, holdin g 687 shares; non-borrow ing members, 315, holdin g 2,464
shares. Fem ale shareholders, 150, h oldin g 1,207 shares. T ota l didviends
credited members du rin g the year on instalm ent shares, $4,411.26; rate, 6
per cent. T o ta l dividends credited o r p a id in cash to members du rin g the yea r
on other shares, $1,420.96; rate, 5 per cent.
N o u n paid w ithdraw als. O perating expenses, as defined in section 390 o f
the Banking Law , incurred and pa id du rin g th e year, $989.28. U npaid, none.
Prem iu m plan, instalm ent. Interest p a id b y b orrow in g members, 6 per cent.
N o prem ium charged.
L oans have been m ade in K in gs, N assau and Queens counties, N ew Y ork
State. Largest m ortgage loan outstanding, $6,294.41. M ortgages in force
in N ew Y o rk State, $110,849.09. T w o foreclosures du rin g the year.




K ings C ounty

155

BROOKLYN AND NEW YORK ARCANUM BUILDING, LOAN AND
SAYINGS ASSOCIATION
N o. 9 Greene avenue, B rooklyn, N . Y .
[Organized under Law of 1851. Commenced business 1885]
Officers
Names
Post-office addresses
President.................. CHARLES A. LENT................ . 90 Maiden Lane, New York
Secretary.................. J. ADDISON ROBB..................
482 Green Ave., Brooklyn.
Treasurer.................. .T, ADDISON ROBB..................1 482 Green Ave.. Brooklyn.
I. N. SIEVWRIG1IT................ 204 Montague St., Brooklyn.
Attorney...................
ASSETS
L oans on bond and m ortg a g e.................................................................
Loans o n shares...........................................................................................
Cash on hand and in b a n k .....................................................................
F u rn itu re and fixtu res..............................................................................
Interest, prem ium , fees and fines due and u n p a id .........................
A ccrued i n t e r e s t .........................................................................................

$90,400
1,475
2,7 11
52
58
203

00
00
22
90
40
96

$94,901 48
LIABILITIES
D ue shareholders, d u es............................................................................
D ue shareholders, dividends cred ited .................................................
U ndivided p r o f i t s .......................................................................................
G uaranty fun d (as per section 392 o f Banking L a w ) ................
M a tu rity reserve d ividen ds.....................................................................
Suspense a c c o u n t .........................................................................................

$77,646
6 ,3 9 3
5 ,5 0 2
2 ,3 01
2 ,0 9 2
964

06
66
70
80
60
66

$94,901 48
RECEIPTS
Cash on hand J anu ary 1, 1917..............................................................
Dues credited to m em bers..............................................
M oney b o r r o w e d .........................................................................................
M ortgages redeemed, foreclosed or transferred to real e s t a t e ..
L oan s on shares re p a id ............................................................................
Fees r e c e iv e d ................................................................................................
Fines r e c e iv e d ..............................................................................................
In terest received .......................................................................................
D ividends retained on w ith draw a ls...................................................

$5,628
18,702
2 ,5 0 0
12,000
1 ,1 1 0
13
110
5 ,3 1 4
334

88
81
00
00
00
00
73
30
48

$45,7 1 4 20
DISBURSEMENTS
= = = = = = = =
Loaned on m o rtg a g e..................................................................................
$ 1 4 ,0 0 0 00
Loaned on shares.........................................................................................
1,085 00
D ues repaid on w ithdraw al, or applied on lo a n s ...........................
15 ,85 6 86
P a id m atured shares..................................................................................
6,1 83 25
D ividends paid on w ithdraw al, or a pplied on lo a n s ......................
1,735 99
Cash dividends p a id on incom e and accum ulative prepaid
shares .........................................................................................................
622 00
P a id borrow ed m oney and prior m ortga ges....................................
2 ,5 0 0 00
P a id interest on borrow ed m oney and p rior m ortga ges.............
30 56
P a id salaries and clerk -h ire...................................................................
618 00
P a id advertising, prin tin g and p osta ge.............................................
42 60
P a id r e n t ................................
240 00
P a id banking departm ent, exam ination .............................................
15 00
P aid banking departm ent, assessm ent...............................................
6 65
A u d i t ...............................................................................................................
25 00
Sundries .........................................................................................................
42 07
Cash on hand Decem ber 31, 1917........................................................
2,7 11 22




$45,714 20

15G

R

eport

on

S a v in g s

and

L

oan

A

s s o c ia t io n s

P lan, permanent. P a r value o f shares, $100 and $200. Instalm ents are $1
m onthly.
Shares in fo rce Janu ary 1, 1917, 1,772; shares issued du rin g the year, 332;
shares w ithdraw n du rin g the year, 4 6 0 ; shares in force, 1,644. B orrow in g
members, 25, h oldin g 4 5 2 % shares; non-borrow ing members, 151, holdin g
1,191% shares. Fem ale shareholders, 63, h oldin g 428 shares. T ota l d iv i­
dends credited m em bers durin g the year on instalm ent shares, $3,214.46;
rate, 5 per cent. T ota l dividends credited or paid in cash t o members durin g
the yea r on other shares, $622; rate, 5 per cent.
N o unpaid w ithdraw als.
A m oun t o f shares m atured du rin g the year,
$6,183.25. M em bership fee, $1. O perating expenses, as defined in section 390
o f the Banking Law , incurred and p a id du rin g th e year, $967.67. U npaid,
none.
N o prem ium plan. In terest pa id b y b orrow in g members, 6 per cent. N o
prem ium charged.
Loans have been made in K in gs, Nassau, New Y ork, Queens and Suffolk
counties, N ew Y o rk State. L argest m ortgage loan outstanding, $10,000.
M ortgages in force in N ew Y ork State, $90,400. N o foreclosures du rin g the
year.

BROOKLYN CITY SAYINGS AND LOAN ASSOCIATION
N o. 91 C ou rt street, B rooklyn , N . Y .
[O rganized
Officers
President.....................
Secretary....................
Treasurer...................
Attorney.....................

under Law o f 1851. Commenced business 1887]
Names
Post-office addresses
JOSEPH V. SCULLEY............................ 91 Court Street.
GEORGE A. ROSE.................................... 91 Court Street.
THOMAS J. K E L L Y ................................ 91 Court Street.
JOSEPH H. DELANEY........................... 189Montague Street.
ASSETS
L oan s on bond and m ortg a g e...........................
$603,400 00
Stocks and b on d s...................................................
19,250 00
Real e s t a t e ..............................................................
3 0 ,0 0 0 00
Cash on hand and in b a n k ...............................
26 ,38 7 91
A ccrued i n t e r e s t ...................................................
3,-?85 20
$682,523 17

LIABILITIES
D ue shareholders, d u es..............................................................................
D ue shareholders, dividends cred ited ...................................................
B orrow ed m o n e y .........................................................................................
U ndivided profits .......................................................................................
G uaran ty fun d (as per section 392 o f B anking L a w ) ..................
Suspended a c c o u n t s ...................................................................................

$607,200
15,275
7 ,5 0 0
13,586
3 7 ,00 0
1,9 60

52
57
00
41
00
67

$682,523 17
RECEIPTS
Cash on hand Janu ary 1,1917..............................................................
D ues credited t o m em bers....................................................................... '
M oney b o r r o w e d .................... .....................................................................
M ortgages redeemed, foreclosed or transferred to real e s t a t e ..
R eal estate sold .........................................................................................
In terest r e c e iv e d .....................................................
P rem ium r e c e iv e d .......................................................................................
R en t r e c e iv e d ...............................................................................................
Paym ents on term m ortga ges.................................................................
Stocks and b on d s.........................................................................................
A ccrued in t e r e s t .........................................................................................
Sundries .........................................................................................................




------------$33,458 64
140,540 02
9 ,0 0 0 00
4 5 ,8 5 0 00
9 ,1 0 0 00
29 ,48 9 68
2 ,4 3 1 24
2 ,4 8 8 93
6 ,8 6 0 64
3 ,3 0 0 00
1 ,549 65
186 70
$284,255 50

157

K ings C ounty
DISBURSEMENTS
Loaned on m o rtg a g e..................................................................................
Dues repaid on w ithdraw al, or applied on lo a n s ...........................
D ividends pa id on w ithdraw al, o r applied on lo a n s ....................
Cash dividends paid on incom e and accum ulative prepaid
shares .........................................................................................................
P a id borrow ed m oney and p rior m ortga ges....................................
P a id fo r real e s t a t e '................................................................................
P aid salaries and clerk -h ire...................................................................
P aid advertising, prin tin g and p osta ge.............................................
P aid r e n t ......................................................................................................
P a id repairs to real e sta te.....................................................................
P aid taxes, insurance, e tc ........... ...........................................................
P a id banking departm ent, exam ination .............................................
P a id banking departm ent, assessm ent...............................................
Paym ents on term m ortga ges............................................
A ccrued i n t e r e s t .........................................................................................
L ib erty bonds p u rch a se d ..........................................................................
General e x p e n s e ...........................................................................................
Sundries .........................................................................................................
Cash on hand Decem ber 31, 1917..........................................................

$70,450 00
121,156 66
14,216 17
9,331
1 ,5 0 0
320
3 ,4 6 3
358
1,010
132
853
41
39
8,931
5,1 57
20 ,00 0
809
95
26 ,38 7

44
00
43
92
06
00
70
75
00
61
49
54
00
82
00
91

$284,255 50
P lan, permanent. P ar value of shares, $100 and $200. Instalm ents are $1
m onthly.
Shares in force Janu ary 1, 1917, 7,892 1 3 /2 0 ; shares issued during the
year, 962 9 /1 0 ; shares w ithdraw n during the year, 9 7 3 % ; shares in force,
7,882 7 /2 0 . B orrow in g members, 151, h oldin g 1,743 7 /2 0 shares; non-bor­
row ing mem bers, 860, h oldin g 6,139 shares. Fem ale shareholders, 456, hold­
in g 3,241 1 /1 0 shares. T ota l dividends credited members during the year on
instalm ent shares, $13,027.64; rate, 5 per cent. T ota l dividends credited or
paid in cash to m em bers during the year on other shares, $11,579.37; rate,
4 % per cent, and 5 per cent.
N o unpaid w ithdraw als. O perating expenses, as defined in section 390 of
the B anking Law , incurred and paid during the year, $5,641.80. Unpaid,
none.
Prem ium plan, prem ium -interest. Interest paid b y b orrow in g members, 6
per cent. N o prem ium charged.
L oans have been m ade in K in gs, Nassau, N ew Y ork, Queens, R ichm ond and
W estchester counties, N ew Y ork State, and in New Jersey. L argest m ortgage
loan outstanding, $8,000. M ortgages in force in New Y ork State, $601,900.
Tw o foreclosures during the year.

BROOKLYN MUTUAL BUILDING AND LOAN ASSOCIATION
N o. 526 N ostrand avenue, B rooklyn, N. Y .
[Organized
Officers
President.....................
Secretary.....................
Treasurer...................
Attorneys...................

under Law of 1851. Commenced business 1883]
Names
Post-office addresses
P. P. WISEBURN...................
803 Putnam Avenue.
EDWARD CROWN...................
505 Lorimer Street.
E. C. BRINS............................. 256 Midwood Street.
REMSEN & PARSONS...........
60 Wall St., New York, N. Y.

ASSETS
Loans o n bond and m ortg a g e.................................................................
Loans on shares...........................................................................................
Shares o f ’L and Bank o f State o f N ew Y o r k ....................................
Cash on hand and in b a n k .....................................................................
Furniture and fixtu res..............................................................................
Interest, prem ium , fees and fines due and u n p a id ..........................
Supplies on h a n d .........................................................................................




$53,425
2 ,4 3 5
1,000
951
60
366
15

00
00
00
12
00
12

00

$58,252 24

158

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eport

on

S a v in g s

and

L

oan

A

s s o c ia t io n s

LIABILITIES
D ue shareholders, d u es..............................................................................
D ue shareholders, m atured shares........................................................
D ue shareholders, dividends cre d ite d .................................................
U ndivided profits .......................................................................................
G uaran ty fund (a s per section 392 o f Banking L a w ) ................
Suspense accounts ...................................................................................

$42,759 91
6 ,7 2 0 25
7 ,7 5 0 39

9 44
986 30
25 95
$ 58,252 24

RECEIPTS
Cash on hand January 1, 1917...............................................................
D ues credited to m em bers.......................................................................
M ortgages redeemed, foreclosed or transferred to real e s t a t e ..
L oan s on shares re p a id ..............................................................................
Fines r e c e iv e d ..............................................................................................
In terest r e c e iv e d .........................................................................................
D ividends retained on w ith d raw a ls......................................................
A dvances r e p a i d .........................................................................................
D ividends on shares reissued...................................................................
C o r r e c t io n s ....................................................................................................

$ 4 ,32 2 92
11,422 54
7 ,6 0 0 00
3 ,0 9 0 00
18 32
2 ,8 4 9 29
48 64
66 18
85 80
60
$29,5 0 4 29

DISBURSEMENTS
Loaned on m o rtg a g e.....................................................
Loaned on shares.........................................................................................
Dues repaid on w ith draw al, or applied on lo a n s .........................
P a id m atured s h a r e s ................................................................................
D ividends pa id on w ithdraw al, or applied on lo a n s ......................
P a id salaries and clerk -h ire...................................................................
P a id advertising, p rin tin g and p o sta g e.............................................
P a id rent .......................................................................................................
P a id banking departm ent, exa m in a tion .............................................
P a id banking departm ent, assessm ent...............................................
Officers’ b o n d s ..............................................................................................
League d u e s ..................................................................................................
Cash on hand Decem ber 31, 1917........................................................

$16,9 0 0 00
2 ,8 6 0 00
7 ,4 67 68
90 62
840 64
201 50
31 37
120 00
16 25
411
10 00
11 00
951 12
$29,5 0 4 29

Plan, serial. P a r valu e o f shares, $200. Instalm ents are $1 m onthly.
Shares in force J a n u a ry 1, 1917, 7 9 5 ; shares issued du rin g th e year, 130;
shares w ithdraw n du rin g th e year, 175; shares in force, 750. B orrow in g
mem bers, 32, h oldin g 280 shares; non-borrow ing members, 98, h oldin g 470
shares. Fem ale shareholders, no record kept. T ota l dividends credited m em ­
bers du rin g th e year on instalm ent shares, $2,406.63; rate, 5 per cent. T ota l
dividends credited or pa id in cash to mem bers du rin g the year on other shares,
$134.18; rate, 4 per cent, and 5 per cent.
N o unpaid w ithdraw als. O perating expenses as defined in section 390 o f
the Banking Law , incurred and p a id during the year, $373.87. U npaid, none.
N o prem ium plan. In terest p a id b y b orrow in g mem bers, 6 per cent. N o
prem ium charged.
L oan s have been made in K in gs, Queens, R ichm ond and W estchester
counties, N ew Y o rk State. L a rgest m ortgage loan outstanding, $3,300.
M ortgages in force in N ew Y ork State, $53,425. N o foreclosures du rin g the
year.




K

in g s

C ounty

159

BUSHWICK CO-OPERATIVE BUILDING AND LOAN ASSOCIATION
N o. 612 Grand) street, B rooklyn, N . Y .
[Organized under Law o f 1851. Commenced business 1888]
Officers
Names
Post-office addresses
President................................ CHARLES J. McGINNESS.... 11 Union Avenue.
Secretary................................ WILLIAM A. ERNST. 74 Van Buren Street.
Treasurer.............................. DANIEL CANTY.
134 McDonough Street
Attorney................................
JAMES P. JUDGE.
189 Montague Street.
ASSETS
Loans on bond and m ortg a g e.................................................................
Loans on shares...........................................................................................
Stocks and b on d s.........................................................................................
Shares o f L and Bank o f State o f New Y o r k .................................
R eal e s t a t e ....................................................................................................
Cash on hand and in b a n k .....................................................................
Furn itu re and fix tu res..............................................................................
Advances fo r taxes, insurance, e t c .....................................................
LIABILITIES
D ue shareholders, dues and dividends cred ited .............................
U ndivided p r o f i t s .......................................................................................
G uaranty fun d (a s per section 392 of Banking L a w ) ................
Suspense a c c o u n t .......................................................................................
RECEIPTS
Cash on hand Janu ary 1, 1917...............................................................
Dues credited to m em bers.......................................................................
M ortgages redeemed, foreclosed or transferred to real e s t a t e ..
Loans on shares re p a id ............................................................................
In terest r e c e iv e d ..............................................
Prem ium r e c e iv e d .......................................................................................
R ent r e c e iv e d ...............................................................................................
Advances r e p a i d .........................................................................................
Suspense a c c o u n t .........................................................................................
N ational defense s h a r e s ............................................................................
G eneral expense a ccou n t............................................................................

$128,950
1,185
6 ,4 5 0
1,0 00
10,600
3 ,0 78
225
58

00
00
00
00
00
89
00
00

$151,546 89
-----------$139,992 03
3 ,7 8 6 37
7 ,7 0 0 00
68 49
$151,546 89
_ _ _ _ _ _ _ _ _
$ 12,790
23 ,20 2
12,300
4 ,8 9 0
7 ,8 3 5
887
927
128
1
957
7

91
83
00
00
42
23
60
25
00
00
94

$63,928 18
DISBURSEMENTS
= = = = = = = =
Loaned on m o rtg a g e..................................................................................
$12,000 00
Loaned on shares.........................................................................................
2 ,6 5 5 00
Dues repaid on w ithdraw al, or applied on loa n s...........................
3 3,012 37
P a id m atured s h a r e s ................................................................................
3 ,0 0 0 00
Cash dividends pa id on incom e and accum ulative prepaid
shares .........................................................................................................
612 00
P a id salaries and clerk -h ire...................................................................
1,706 72
P a id advertising, p rin tin g and posta ge.............................................
122 30
P a id rent .......................................................................................................
420 00
P aid repairs to real esta te.....................................................................
41 04
P a id taxes, insurance, e t c .......................................................................
298 14
P aid banking departm ent, exam ination .............................................
20 00
P a id banking departm ent, assessm ent...............................................
10 31
Advances fo r taxes, insurance, e t c ......................................................
204 30
L ib erty bonds pu rch ased..........................................................................
6 ,4 50 00
General expense .........................................................................................
297 11
Cash on hand December 31, 1917 ........................................................
3 ,0 78 89




$63,928 18

160

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eport

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S a v in g s

and

L

oan

A

s s o c ia t io n s

Plan, permanent. P a r valu e o f shares, $100. Instalm ents are 10 cents
weekly.
Shares in force Janu ary 1, 1917, 4,344; shares issued du rin g the year, 1,027;
shares w ithdraw n du rin g the year, 93 9 ; shares in force, 4,432. B orrow in g
mem bers, 50, h oldin g 886 shares; non-borrow ing members, 295, h oldin g -3,546
shares. Fem ale shareholders, 105, h oldin g 1,131 shares. T otal dividends
credited mem bers du rin g the year on instalm ent shares, $5,999.13; rate, 5 per
cent. T ota l dividends credited or pa id in cash to members durin g th e year
on other shares, $612; rate, 4 per cent.
N o unpaid w ithdraw als. A m oun t o f shares m atured durin g th e year,
$3,000. O perating expenses, as defined in section 390 o f the B anking Law ,
incurred and paid during th e year, $2,538.19. U npaid, none.
Prem ium plan, installm ent. In terest pa id b y borrow in g members, 5 % per
cent, and 6 per cent. Prem ium pa id b y borrow in g members, 6 7 /1 0 cents
per share per month.
L oan s have been made in K in gs and Queens counties, N ew Y ork State.
L a rgest m ortgage loan outstanding, $7,500. M ortgages in force in N ew Y ork
State, $128,950. N o foreclosures durin g th e year.

EAGLE SAVINGS AND LOAN COMPANY
N o. 186 Kemsen street, B rooklyn , N . Y .
[Organized under Law of 1851. Commenced business 1891]
Officers
Names
Post-office addresses
186 Remsen Street.
President.................... JOHN K. BYARD......................
Secretary..................... WILLIAM H. GLUCK...........
186 Remsen Street.
Treasurer...................
WILLIAM H. GLUCK...........
186 Remsen Street.
Attorney..................... ALMET REED LA T SO N .. . .
55 John Street. N. Y. City.
ASSETS
L oan s on bond and m ortg a g e........................................
L oan s on shares...................................................................
C ontracts fo r th e sale o f real es ta te ...........................
B ea l estate ..........................................................................
C ash on hand and in b a n k .............................................
F u rn itu re and fixtu res......................................................
In terest, prem ium , fees and fines due and unpaid
Advances fo r taxes, insurance, e t c .............................
I n d iv id u a ls ............................................................................

$ 1 ,6 0 7 ,5 9 5
2 2 ,85 5
4 ,3 4 7
422,5 9 8
398,701
1 ,5 00
14,597
5 ,7 1 0
1 7,369

58
19
59
10

86
00
59
67
57

$ 2 ,4 9 5 ,2 7 6 15
LIABILITIES
-------------------------D u e shareholders, du es...................................... ' . ..................................... $ 2 ,0 2 4 ,8 2 6 20
D ue shareholders, dividends cred ited.................................................
6 2,813 16
P r io r m o r t g a g e s .........................................................................................
149,350 00
163,984 69
U n divided p r o f i t s ........................... ' ..........................................................
5 ,1 1 4 78
G uaran ty fun d (as per section 392o f B anking L a w ) ................
B eserved fo r ta x e s .......................................................................................
2 ,3 5 7 54
A ccrued in t e r e s t .........................................................................................
1 ,4 5 9 38
Shareholders’ deduction a ccou n t..........................................................
8 5 ,3 7 0 40
$ 2 ,4 9 5 ,2 7 6 15
RECEIPTS
Cash on hand Janu ary 1, 1917...............................................................
D ues credited to m em bers........................................................................
M ortgages redeemed, foreclosed or transferred to real e s ta t e ..
B ea l estate s o ld ...........................................................................................
F ines r e c e iv e d ..............................................................................................
In terest r e c e iv e d .........................................................................................
Prem ium r e c e iv e d .......................................................................................
B en t r e c e iv e d ......................................................... .....................................
D ividends retained on w ith draw a ls......................................................
A dvances r e p a i d .........................................................................................




$210,831
16,571
2 42,471
7 9,279
14
86 ,30 0
4 ,6 2 2
2 7 ,32 3
676
9 ,4 4 5

98
06
13
09
13
62
40
25
36
69

K

in g s

County

Legal expense ..............................................................................................
P ro fit and lo s s ..............................................................................................
I n d iv id u a ls ....................................................................................................

161
$277 05
735 17
14,432 96
$692,980 89

DISBURSEMENTS
Loaned on m o rtg a g e ..................................................................................
Dues repaid on w ithdraw al, or applied on lo a n s .............................
D ividends paid on w ithdraw al, or applied on lo a n s ......................
P a id borrow ed m oney and p rior m ortga ges....................................
P a id interest on borrow ed m oney and prior m ortga ges..............
P a id fo r real e s t a t e ...................................................................................
P a id salaries and clerk -h ire...................................................................
P a id advertising, p rin tin g and p osta g e.............................................
P a id rent .......................................................................................................
P a id repairs t o real esta te.....................................................................
P a id taxes, insurance, e t c ........................................................................
P a id banking departm ent, exam ination .............................................
P a id banking departm ent, assessm ent...............................................
Advances fo r taxes, insurance, e t c ...................................................
A ttorn ey f e e s ................................................................................................
L egal expenses ............................................................................................
Sundries .........................................................................................................
P ro fit and l o s s . . . . .....................................................................................
M ortgage ta x ..............................................................................................
A p p r a is in g .....................................................................................................
I n d iv id u a ls ....................................................................................................
Cash on hand Decem ber 31, 1917..........................................................

$ 76,066
29 ,92 6
8 ,5 4 4
12,350
8 ,5 16
66,043
11,901
829
6 ,0 00
9 ,9 9 6
14 ,76 8
423
147
8 ,8 35
7 ,2 5 0
1,147
1,695
144
36
40
2 9 ,61 5
398,701

20

68
69
00
02
94
89
17
00
96
21
00
14
17
00
67

88
66
45
00
30

86

$692,980 89
Plan, permanent. P a r value o f shares, $100. Instalm ents are 5 cents, 12%
cents, 16% cents, 25 cents, 33 % cents, 50 cents and $1 m onthly.
Shares in force Jan u ary 1, 1917, 100,511.1065; shares issued du rin g the
year, n on e; shares w ithdraw n durin g the year, 1,523.8599; shares in force,
98,987.2466. B orrow in g members, 214, holdin g 7,857.2466 shares; non-borrow ­
in g members, 4,187, h oldin g 91,130 shares. Fem ale shareholders, 1,815, h old­
in g 35,620 shares. A m ou n t of filed and unpaid w ith draw als Decem ber 31,
1917, $736,716.35.
E ntrance fee, 25 cents per share. Operating expenses, as defined in sec­
tion 300 o f the Banking Law, incurred and paid du rin g the year, $29,045.72.
U npaid, none.
Prem ium plan, instalm ent. In terest paid b y borrow in g mem bers, 6 per
cent. Prem ium paid b y borrow in g members, 16% cents per share per month.
Loans have been m ade in B ron x, K ings, Nassau, N ew Y ork , Queens, R ich ­
m ond, Suffolk and W estchester counties, N ew Y ork State. L argest m ortgage
loan oustanding, $11,400. M ortgages in force in N ew Y ork State, $1,607,595.58. Eleven foreclosures during the year.

EAST BROOKLYN SAVINGS AND LOAN ASSOCIATION
N o. 1012 Gates avenue, B rooklyn, N . Y .
LOrganized under Law of 1851. Commenced business 1885]
Officers
Names
Post-office addresses
President..................... GEORGE J. BEYER.............................
1112 Decatur Street.
Secretary..................... ALFRED BAILEY................................ 1012 Gates Avenue.
Treasurer...................
WILLIAM .STODDARD.........................
500 Macon Street.
Attorney .................
BRYISR H. PENDRY...........................
1012 Gates Avenue.
ASSETS
Loans on bond and m o rtg a g e.................................................................
$480,914 20
Loans on shares .........................................................................................
1,182 50

6




162

K ep o r t on

S a v in g s

and

L

oan

A

s s o c ia t io n s

Stocks and bonds .......................................................................................
Shares o f Land Bank o f State o f N ew Y o r k ....................................
R eal e s t a t e ....................................................................................................
Cash on hand and in b a n k ............................................................ : . . .
F u rn itu re and fix tu res..............'...............................................................
Advances fo r taxes, insurance, e t c ...................................................

$ 3 3 ,1 3 3
1 ,0 0 0
34 ,80 7
2 6 ,46 4
350
591

25
00
25
95
00
16

$578,443 31
LIABILITIES
D ue shareholders, dues and dividends c r e d i t e d . . . , .....................
P r io r m o r t g a g e s .........................................................................................
B orrow ed m o n e y .........................................................................................
U ndivided profits ..............................................................
G uaranty fun d (as per section 392 o f B anking L a w ) ..................
Special deposits .........................................................................................
Suspense account .......................................................................................

$501,580
18,000
10,000
23 ,41 8
25 ,11 7
47
280

08
00
00
13
71
02
37

$578,443 31
RECEIPTS
Cash on hand Janu ary 1, 1917............................................................
$ 4 5 ,5 3 3 24
Dues cred ited to m em bers........................................................................
113,113 63
P r io r m o r t g a g e s .........................................................................................
1 ,000 00
M on ey b o r r o w e d ..................................................................
1 0 ,0 0 0 00
M ortgages redeemed, foreclosed or transferred to real e s t a t e ..
5 5 ,8 0 4 01
Loans on shares re p a id ........................................................................... .‘ .
1 ,3 9 0 00
R eal estate s o ld ............................................................................................
5 ,8 2 6 39
In terest r e c e iv e d .........................................................................................
2 9 ,7 6 4 98
R e n t received ..............................................................................................
3 ,4 4 8 57
A dvances r e p a i d .........................................................................................
1 ,5 4 4 36
Special deposits .........................................................................................
8 ,1 1 3 14
C on tin gent fu n d .......................................................................................
1 ,3 5 9 15
F u rn itu re .....................................................................................................
50 00
Shares o f L and B a n k ...................................................................
2 ,0 0 0
00
L ib e rty bonds- ............................................................................................
5 ,5 7 4 00
$284,521 47
DISBURSEMENTS
L oaned on m o rtg a g e...................................................................................
L oaned on s h a r e s .....................................
D ues repaid on w ithdraw al, o r applied on lo a n s .........................
Cash dividends pa id on in com e and accum ulative prepaid
shares .........................................................................................................
P a id borrow ed m oney and p r io r m ortg a g es....................................
P a id interest on borrow ed m oney and p rior m ortga ges...........
P a id salaries and clerk -h ire.................................................................
P a id advertising, p rin tin g and p osta g e...........................................
P a id rent ....................................................................................................
P a id repairs to real esta te...................................................................
P a id taxes, insurance, e t c ........... .........................................................
P aid banking departm ent, exa m in a tion ...........................................
P a id banking departm ent, assessm ent...............................................
Officers’ bonds .....................................................................................
Advances fo r taxes, insurance, e t c ........................................................
League dues ................................................................................................
L ib e rty bonds pu rch ased..........................................................................
Special deposits .......................................................................................
T a x s e a r c h .....................................................................................................
C ontracts fo r sale o f real esta te ..........................................................
A ttorn ey .......................................................................................................




$45,650 00
1 ,8 22 50
143,260 53
3 ,0 6 8
3 ,1 0 0
115
2 ,9 5 3
208
900
415
1 ,2 3 6
35
36
19
1 ,7 7 6
46
2 1 ,00 6
8 ,4 4 9
23
118
39

30
00
57
50
94
00
97
49
00
39
00
81
00
00
89
75
48
50

K

in g s

163

C ounty

Telephone
.................................................................................................
H eat ...............................................................................................................
J a n itor ...........................................................................................................
L ig h t .............................................................................................................
U ndivided profits ........................................................................................
Cash on hand December 31, 1917..........................................................

$66 40
142
360
133
23,071
2 6 ,46 4

75
00
59
16
95

$284,521 47
Plan, permanent. P a r value o f shares, $100. Instalm ents are 50 cents
m onthly.
Shares in force Janu ary 1, 1917, 10,322; shares issued du rin g the year,
805; shares w ithdraw n during the year, 793; shares in force, 10,334. B orrow ­
ing members, 178, holding 3,026 shares; n on-borrow ing members, 1,176, hold­
in g 7,308 shares. Fem ale shareholders, no record kept.
T ota l dividends
credited members du rin g the year on instalm ent shares, $20,462.01; rate, 4 %
per cent. T o ta l dividends credited o r paid in cash to mem bers during the
year on other shares, $3,038.30; rate 4 % per cent.
N o unpaid w ithdraw als. O perating expenses, as defined in section 390 o f
the B anking Law , incurred and paid du rin g the year, $4,830.18. Unpaid,
none.
N o prem ium plan. Interest paid b y b orrow in g members, 6 per cent. N o
prem ium charged.
Loans have been m ade in K in gs, Nassau, N ew Y ork, Queens and W est­
chester counties, New Y ork State, and in N ew Jersey. L argest m ortgage
loan outstanding, $12,000.
M ortgages in force in N ew Y ork State,
$480,914.20. N o foreclosures during the year.

EAST NEW YORK SAVINGS AND LOAN ASSOCIATION
N o. 2790 Fu lton street, B rooklyn, N. Y .
[Organized
Officers
President....................
Secretary.....................
Treasurer...................
Attorney.....................

under Law of 1892. Commenced business 18921
Names
Post-office addresses
EUGENE R. TICIIEXOR....................
189 Montague Street.
MORRIS KLEIN .....................................
50
Bradford Street.
FRANK T. SMITH................................. 141Shepherd Avenue.
WALTER L. DURACK........................ 215 Montague Street.

ASSETS
Loans on bond and m ortg a g e .............................
Loans on shares......................................................
Shares o f Land Bank o f State of N ew Y ork
Contracts fo r the sale o f real esta te................
R eal estate .............................................; ...............
Cash on hand and in h an k .................................
Furn itu re and fix tu res..........................................
Advances fo r taxes, insurance, e t c ..................

$200,450 00
11,700 00

2, 000 00
600
33,550
5 ,3 79
60
143

00
00
24

00
05

$253,882 29
LIABILITIES
Due shareholders, dues and dividends cred ited .............................
P rio r m ortgages .........................................................................................
B orrow ed m o n e y .........................................................................................
Advances b y Land B a n k ............................................................................
Undivided profits .......................................................................................
G uaranty fun d (a s per section 392 o f B anking L a w ) ................
M ortgage on real esta te .........................................................................




$181,673
7 ,8 50
17, 000
30,000
6, 358
9 ,000
2 ,0 0 0

36
00
00
00
93
00
00

$253,882 29

164

R eport

on

Savings

and

L oan A ssociations

r e c e ip t s

Cash on hand Janu ary 1, 1917............................................................
Dues credited to m em bers.....................................................................
M on ey borrow ed .........................................................................................
M ortgages redeemed, foreclosed or transferred to real e s t a t e ..
L oan s on shares re p a id ............................................................................
R ea l estate s o ld ............................................................................................
In terest received .......................................................................................
P rem ium received .....................................................................................
R en t received ..............................................................................................
P ro fit and l o s s . .'.........................................................................................
Taxes, insurance, e t c ................................................................................
A dvances r e p a i d .........................................................................................
L ib e rty bonds s o ld .......................................................................................
Special deposits .........................................................................................
L and bank advances...................................................................................
U ndivided earnings ...................................................................................
M ortgage on real esta te..........................................................................
C ontingent f u n d .........................................................................................
R ea l estate co n tra ct...................................................................................
Suspended a c c o u n t s ...................................................................................
Taxes, insurance, etc., tran sferred ........................................................
R eal estate repairs, tra n sferred ............................................................
A dvertisin g, p rin tin g and postage, tra n sferred .............................
Salaries and clerk hire, tran sferred ....................................................

$20,5 2 0
55 ,57 6
29,000
4 0 ,8 5 0
14 ,28 0
8 6 ,7 5 0
11,112
1,761
4, 373
13,969
175
1 ,673
434
4 ,7 3 8
3 0 ,00 0
3, 838
2 ,0 0 0
418
100
7
6 ,1 9 2
97
189
1,007

08
14
00
00
00
00
33
41
75
55

86
63
00
00

00
61
00
22 .
00
26
41
00
50
00

$329,064 75
DISBURSEMENTS
Loaned on m o rtg a g e...................................................................................
Loaned on shares.......................................................................................
D ues repaid on w ith draw al, o r applied on lo a n s ...........................
Cash dividends pa id on incom e and accum ulative prepaid
shares .........................................................................................................
P a id borrow ed m oney and p rior m ortga ges......................................
P a id interest on borrow ed m oney and p rior m ortga ges...........
P a id fo r real esta te.................................................................................
P a id salaries and clerk -h ire...................................................................
P a id advertising, p rin tin g and p osta ge.............................................
P a id r e n t .......................................................................................................
P a id repairs t o real esta te .....................................................................
P a id taxes, insurance, e t c ........................................................................
P a id banking departm ent, exa m in a tion .............................................
P a id banking departm ent, assessm ent..................................................
P r e m iu m .........................................................................................................
A dvances fo r taxes, insurance, e t c ......................................................
In terest .........................................................................................................
L ib e rty bonds pu rch ased..........................................................................
M ortgage on real esta te..........................................................................
Special deposits .........................................................................................
L an d Bank share.........................................................................................
C ontingent fun d .........................................................................................
Suspended accounts ...................................................................................
R eal estate p r o fit........... ............................................................................
P r o fit and lo s s ..............................................................................................
U ndivided earnings ...................................................................................
R e n t s ...............................................................................................................
Cash on hand Decem ber 31, 1917........................................................




$40,4 5 0 00
2 3 ,57 0 00
123, 206 08
3, 232
2 3 ,0 0 0
3, 296
30, 800
1 ,007
147
31
97
6, 322

86

00
36
00
00
50
58
00
61
68 00
19 66
1,761 41
958 52
7 , 815 97

434 00
29 ,50 0
4 ,7 3 8
1 ,0 00
3 ,5 0 0

00
00
00

50
14,110
218
4 ,3 4 2
5 ,3 7 9

00
81
72
17
24

00
7 26

$329,064 75

K

in g s

County

165

Plan, permanent. P a r value of shares, $100. Instalm ents are 10 cents
w eekly and 50 cents m onthly.
Shares in force Janu ary 1, 1917, 13,247; shares issued du rin g th e year,
2 ,0 9 8 % ; shares w ithdraw n du rin g the year, 4 ,4 8 0 % ; shares in force, 10,865.
B orrow in g members, 41, holding 985 shares; non-borrow ing members, 476,
h oldin g 9,880 shares. Fem ale shareholders, no record kept. T ota l dividends
credited members du rin g the year on instalm ent shares, $2,602.17; rate, 2 %
per cent. T ota l dividends credited or paid in cash to members durin g the
year on oth er shares, $3,232.86; rate, 2 % per cent.
N o unpaid w ithdraw als. O perating expenses, as defined in section 390 o f
the B anking Law , incurred and pa id du rin g the year, $1,186.08. Unpaid,
none.
P rem ium plan, instalm ent. In terest pa id b y b orrow in g members, 5 % per
cent, and 6 per cent. Prem ium paid b y b orrow in g members, 1 per cent, and
2% per cent.
Loans have been made in K in gs, Nassau, Queens and Suffolk counties,
New Y o rk State. L argest m ortgage loan outstanding, $16,100. M ortgages in
fo rce in N ew Y ork S late, $200,450. Three foreclosures du rin g the year.

THE EQUITABLE CO-OPERATIVE BUILDING AND LOAN ASSOCIATION
N o. 124 C ourt street, B rooklyn, N. Y .
[Organized
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................

under Law of 1851. Commenced business 1888]
Names
Post-office addresses
JAMES P. JUDGE.................................
189 Montague Street.
THOMAS M. MANNION...................... 244 Macon Street.
JAMES P. COLLINS.............................. 184 Midwood Street.
JAMES P. JUDGE.................................
189 Montague Street.

ASSETS
Loans on bond and m ortg a g e.................................................................
Stocks and b on d s.......................................................................................
Shares o f Land Lank of State o f New Y o r k ..................................
Cash on hand and in b a n k .....................................................................
Advances fo r taxes, insurance, e t c ...................................................

$210,750
6, 000
1,000
5. 474
120

00
00
00
06
60

$223,344 66
LIABILITIES
Due shareholders, dues and dividends cred ited ...........................
P r io r m ortgages .......................................................................................
U ndivided profits .....................................................................................
G uaranty fun d (a s per section 392
o f Banking L a w ) .............
D ividends unpaid .......................................................................................
L ib erty bond in sta llm en ts.....................................................................

$194,991
3,000
10,825
12,025
1, 065
1 ,437

32
00
74
02
58
00

$ 2 23,344 66
RECEIPTS
Cash on hand J anu ary 1, 1917............................................................
Dues credited to m em bers.....................................................................
M ortgages redeemed, foreclosed or transferred to real e s t a t e ..
Loans on shares re p a id .......................................................................
Interest and prem ium received.......................................................
Advances r e p a i d .........................................................................................
L ib erty bonds s o ld .......................................................................................
L ib erty bond in stalm en ts..........................................................................




$4 ,84 6
38 ,08 4
21, 225
3 ,0 0 0
14,101
255
3, 000
1,437

03
87
00
00
65
25
00
00

$85,949 80

166

R

eport

on

S a v in g s

and

L

oan

A

s s o c ia t io n s

DISBURSEMENTS
Loaned on m o rtg a g e...................................................................................
Loaned on shares........... ...........................................................................
Dues repaid on w ithdraw al, or applied on lo a n s.........................
P a id m atured shares.................... : .........................................................
Cash dividends pa id on incom e and accum ulative prepaid
shares .........................................................................................................
P a id interest on borrow ed m oney and p rior m ortga ges...........
P a id salaries and clerk -h ire...................................................................
P a id advertising, p rin tin g and p osta g e ..........................................
P a id ren t ......................................................................................................
P a id banking departm ent, exam ination .............................................
P a id banking departm ent, assessm ent...............................................
A dvances fo r taxes, insurance, e t c ......................................................
Expenses .......................................................................................^.............
L ib erty bonds pu rch ased.........................................................................
Cash on hand December 31, 1917........................................................

$16,200
3 ,0 00
25, 779
2 0 ,7 5 0
2 ,3 0 5
75
2 , 337
56
395
25
13
338
198
9 ,0 0 0
5 ,4 7 4

00
00
22

00
94
00
84
65
04
00
92
42
71

00
06

$85,949 80

P lan , permanent. P a r value o f shares, $100 and $250. Instalm ents are 10
cents and 25 cents weekly.
Shares in fo rce Ja n u a ry 1, 1917, 6,504; shares issued du rin g the year,
744; shares w ithdraw n d u rin g the year, 760; shares in force,, 6,488. B or­
row in g members, 69, h oldin g 643% shares; n on-borrow ing members, 271,
h oldin g 5,844% shares. Fem ale shareholders, no record kept. T ota l dividends
credited members du rin g the year on instalm ent shares, $6,611.93; rate, 5
per cent. T ota l dividends credited or paid in cash to members du rin g the
yea r on oth er shares, $2,305.94; rate, 4 % per cent.
N o unpaid w ithdraw als. A m ount o f shares m atured du rin g the year,
$20,750. O perating expenses, as defined in section 390 o f the B anking Law ,
incurred and paid during the year, $2,988.24. U npaid, none.
Prem ium plan, prem ium -interest. Interest paid b y b orrow in g members,
6 per cen t.; prem ium paid b y b orrow in g members, 8/10 of, 1 per cent.
Loans have been made in Bronx, K in g s and Queens counties, N ew Y ork
State. Largest m ortgage loan outstanding, $11,100. M ortgages in force in
N ew Y o rk State, $210,750. N o foreclosures durin g the year.

FIFTH AVENUE SAVINGS AND LOAN ASSOCIATION
N o. 483a F ifth avenue, B rooklyn, N. Y .
[Organized
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................

under Law of 1851. Commenced business 1890]
Names
Post-office addresses
WM. M. KELLOGG............................ 488 Thirteenth Street.
STEPHEN Y. M cN AIR ...................... 1837 61st Street.
WM. J. ALLEN..................... ............
505 Sixth Avenue.
JAMES P. JUDGE..............................
189 Montague Street.

ASSETS
L oan s on bond and m ortg a g e ......................................
L oan s on shares.................................................................
Stocks and bonds..............................................................
R ea l estate .......................................................................
Cash on hand and in b a n k ..........................................
F u rn itu re and fix tu res...................................................
Interest, prem ium , fees and fines due and unpaid




$83,1 5 0
2 ,3 5 0
1,339
5 ,7 1 8
2 ,2 1 4
50
621

00
00
00
73
63
00
75

$95,4 4 4 11

K

in d s

C

ounty

167

LIABILITIES
Due shareholders, d u es..............................................................................
D ue shareholders, dividends cred ited .................................................
U ndivided profits .......................................................................................
G uaranty fu n d (a s per section 392 o f B anking L a w ) ................

$24,2 8 4
58 ,31 3
7, 846
5 ,0 0 0

20
13
78
00

$95,4 4 4 11
RECEIPTS
Cash on hand Janu ary 1, 1917..............................................................
Dues credited to m em bers.......................................................................
M oney borrow ed .......................................................................................
M ortgages redeemed, foreclosed or transferred to real esta te. .
Loans on shares re p a id ............................................................................
Interest received .......................................................................................
Prem ium received .............
K ent received ..............................................................................................
L ib erty bonds s o ld .......................................................................................

$743
10,108
7 ,0 0 0
8 , 900
1,059
5 ,0 6 0
610
488
1, 661

16
22
00
00
00
40
84
84
00

$35,631 46
DISBURSEMENTS
Loaned on m o rtg a g e...................................................................................
Loaned on sh a res.........................................................................................
Dues repaid on w ithdraw al, or applied on lo a n s ...........................
D ividends p a id on w ith draw al, or applied on lo a n s ....................
P a id borrow ed m oney and p rio r m ortga ges....................................
P a id interest on borrow ed m oney and p rior m ortga ges.............
P a id salaries and clerk -h ire...................................................................
P a id advertising, p rin tin g and p osta g e.............................................
P a id rent ......................................................................................................
P a id taxes, insurance, e t c .......................................................................
P a id banking departm ent, exa m in a tion ..........................................
P a id banking departm ent, assessm ent...............................................
State League d u es.......................................................................................
A u d itors’ fees .............................................................................................
L ib erty bonds pu rch ased.........................................................................
Cash on hand Decem ber 31, 1917........................................................

$8 ,00 0
639
12, 504
942
7 ,0 0 0

00
00
47
27
00
86 23
786 91
18 68
216 00
169 20
12 50
6 57
5 00
30 00
3, 000 00
2, 214 63

$35,631 46
Plan, permanent. P a r value o f shares, $100 and $250. Instalm ents are
10 cents w eekly and 25 cents m onthly.
Shares in fo rce Janu ary 1, 1917, 3 ,0 4 4 % ; shares issued du rin g the year,
7 85; shares w ithdraw n du rin g the year, 4 5 6 % ; shares in force, 3,372%.
B orrow in g members, 29, h oldin g 332% shares; non-borrow ing members, 178,
h oldin g 3,040 shares. Fem ale shareholders, 65 holding 1,147 shares. T ota l
dividends credited mem bers du rin g th e year on instalm ent shares $4,384.24;
rate, 5 % per cent.
N o unpaid w ithdraw als. O perating expenses, a s defined in section 390 o f
the B anking Law , incurred and paid du rin g the year, $1,056.59. Unpaid,
none.
P rem ium plan, instalm ent. Interest paid b y borrow in g members, 5 % per
eent. and 6 per cent. Prem ium paid b y b orrow in g members, 2 cents per
share per week.
Loans have been made in K in gs and Queens counties, N ew Y ork State.
Largest m ortgage loa n outstanding, $6,700.
M ortgages in force in New
Y ork State, $83,150. N o foreclosures d u rin g the year.




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FLATBUSH CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION
No. 849 Flatbush avenue, B rooklyn, N . Y .
f Organized under Law o f 1887. Commenced business 1889]

Treasurer...........................
Attorney.............................

GEORGE W. EGBERT.................
JOHN D. PRINCE, J R .................

355 East 16th Street.
166 Montague Street.

ASSETS
L oan s on bond and m ortg a g e.................................................................
L oans on s h a r e s ..........................................................................................
Cash on hand and in b a n k .....................................................................
F u rn itu re and fixtures ............................................................................
In terest, prem ium , fees and fines due and u n p a id .......................

$ 1 33,622 26
3, 585 00
1 ,1 57 85
100 00
7500

LIABILITIES
D ue shareholders, dues ..........................................................................
D ue shareholders, dividends cred ited .................................................
B orrow ed m oney .......................................................................................
U ndivided profits .......................................................................................
G uaran ty fun d (a s per seetion 392 o f B anking L a w ) . . . .........
U nearned o r rebatable prem iu m .......................................................... '

$13 8,5 4 0
==
$103,637
19,756
3 ,000
3, 430
6 ,6 0 0
2 ,1 1 5

11
00
73
00
40
00
98

$ 1 38,540 11
RECEIPTS
= = = = = = = =
Cash on hand J anu ary 1, 1917.............................................................
$ 1 6 ,8 5 2 70
D ues credited to m em bers........................................................................
2 8 ,07 5 00
M oney borrow ed .......................................................................................
4 ,0 0 0 00
M ortgages redeemed, foreclosed or tran sferred to real e s ta te ..
10,861 02
L oan s on shares re p a id ............................................................................
1 ,1 3 0 00
Fees r e c e iv e d ..............................................................................................
165 25
F ines received ............................................................................................
101 66
In terest received .......................................................................................
5 ,7 8 9 76
1 ,1 58 25
P rem iu m received ........................... .........................................................
D ividends retained o n w ith d raw a ls....................................................
60 75
A p p r a is a ls ......................................................................................................
95 00
P ro fit and loss, prem ium earn ed..........................................................
377 48
R e f u n d .............................................................................................................
3 97

DISBURSEMENTS
—
Loaned on m o rtg a g e.................................................................................
Loaned on shares .....................................................................................
D ues repaid on w ith draw al, or applied on lo a n s ..........................
P a id m atured shares ..............................................................................
D ividends paid on w ithdraw al, or applied on lo a n s ......................
P a id borrow ed m oney and p rior m o r tg a g e s ..... ...............................
P a id interest on borrow ed m oney and p r io r m ortga ges...............
P a id salaries and clerk -h ire...................................................................
P a id advertising, p rin tin g and p o sta g e ...............................................
P a id r e n t ........................................................................................................
P a id banking departm ent, exam in ation .............................................
P a id banking departm ent, assessm ent...............................................
A p p r a is a ls ......................................................................................................
G eneral expense .........................................................................................
P rem ium rebated .......................................................................................
P ro fit and loss, prem ium earn ed..........................................................
Cash on hand Decem ber 31, 1917........................................................




$ 68 , 670 84
~
$43,6 4 5 75
3 ,0 0 5 00
3 ,5 2 2 00
14, 200 00
303 76
1 ,0 0 0 00
12 34
740 00
43 55
120 00
19 50
8 07
95 00
50 39
370 15
377 48
1 ,1 57 85
$68,670 84

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County

P lan , serial. P a r value o f shares, $200. Instalm ents are $1 m onthly.
Shares in fo rce Janu ary 1, 1917, 2,065; shares issued durin g the year,
6 54; shares w ithdraw n du rin g the year, 2 23; shares in force, 2,496. B orrow ­
in g members, 56, h oldin g 839 sh a res; non-borrow ing members, 312, holding
1,657 shares. Fem ale shareholders, 149, holding 1,000 shares. T o ta l d iv i­
dends credited mem bers during the year on instalm ent shares, $5,992.20;
rate, 5 ^ per cent.
N o unpaid w ithdraw als. A m oun t o f shares matured d u rin g th e year,
$14,200. E ntrance fee, 25 cents per share. O perating expenses, as defined
in section 390 o f th e B anking Law , incurred and paid du rin g th e year,
$953.94. U npaid, none.
P rem ium plan, gross. In terest pa id b y b orrow in g members, 5 per cent,
and 6 per cent. P rem ium pa id b y b orrow in g members, $1 to $8.25 per share.
Loans have been made in K in g s and Queens counties, N ew Y ork State.
Largest m ortgage loan outstanding, $11,297.50. M ortgages in force in New
Y o rk State, $133,622.26. N o foreclosures du rin g th e year.

FORT OREENE CO-OPERATIVE BUILDING AND LOAN ASSOCIATION
N o. 401 B ridge street, B rooklyn, N . Y .
[Organized
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................

under Law o f 1851. Commenced
Names
JOHN J. KENNEY........................
GEORGE D. WILSON...................
JAMES R. BRACKEN..................
HENRY E. HEISTAD..................

business 1889]
Post-office addresses
100 N. Oxford Street.
219 Adelphl Street.
146 Rutland Road.
190 Montague Street.

ASSETS
Loans on bond and m ortg a g e........................................
Loans on shares.................................................................
Stocks and b on d s...............................................................
Cash on hand and in b a n k .............................................
F u rn itu re and fix tu res......................................................
Interest, prem ium , fees and fines due and unpaid

$146,200
11,344
500
3 ,9 8 9
80
2 ,3 81

00
,50
00
24

00
05

$164,494 79
LIABILITIES
D ue shareholders, d u es.........................................................
D ue shareholders, dividends cred ited .................................................
B orrow ed m oney .......................................................................................
U ndivided profits ..........................................
G uaranty fund (a s per section 392 o f Banking L a w ) ...............
A ppraisals .....................................................................................................
S u s p e n s e .........................................................................................................

$121,484
30,459
3 ,0 37
4 ,6 1 3
4 ,8 8 3
10

69
70
92

22

26
00
6 00

$164,494 79
RECEIPTS
Cash on hand Janu ary 1, 1917............................................................
Dues credited to m em bers.....................................................................
M oney borrow ed .......................................................................................
M ortgages redeemed, foreclosed o r transferred to real e s t a t e ..
Loans on shares re p a id ............................................................................
Fees received ..............................................................................................
Fines r e c e iv e d ..............................................................................................
Interest received .......................................................................................
Prem ium received .....................................................................................
D ividends retained on w ith d raw a ls......................................................
Advances repaid .......................................................................................




$17,720
24 ,10 4
3 ,0 3 7
8 ,2 0 0
4 ,7 1 4
18
93
7 ,3 77
861
487
104

62
22
92

00
00
75
09
08
75
65
00

$ 66,719 08

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DISBURSEMENTS
Loaned on m o rtg a g e...................................................................................
Loaned on shares.......................................................................................
Dues repaid on w ithdraw al, or applied on lo a n s .........................
P a id m atured shares ..............................................................................
D ividends pa id on w ithdraw al, o r applied on lo a n s ....................
P a id interest on borrow ed m oney and p r io r m ortga ges...........
P a id salaries and clerk -h ire.................................................................
P a id advertising, p rin tin g and p osta g e...........................................
P a id r e n t .................................
P a id banking departm ent, exa m in a tion ...........................................
P a id banking departm ent, assessm ent...............................................
Officers’ bonds ............................................................................................
Advances fo r taxes, insurance, e t c ....................................................
State League du es.....................................................................................
A pp ra isa ls ..................................................................................................
A u d ito rs .......................................................................................................
Sign ................................................................................................................
Supplies .......................................................................................................
L ib e rty bonds pu rch ased..........................................................................
R efun d o f i n t e r e s t .....................................................................................
Cash on hand Decem ber 31, 1917........................................................

$32,200 00
5 ,4 9 6 00
9 ,7 3 5 61

11,593 21
1,851
38
856
27
125
15
9

6
59

12
70
16
15
5
500
99
3 ,9 8 9

28
33
33
27
00
00
98
00
00
00
00
00
00
75
©0
08
24

$ 6 6 ,7 1 9 08
Plan, permanent. P a r V a lu e o f shares, $200, and $250. Instalm ents are
25 cents w eekly and $1 m onthly.
Shares in force Janu ary 1, 1917, 2,078 3 /1 0 ; shares issued du rin g th e year,
year, 323; shares w ithdraw n durin g th e year, 313 6 /1 0 ; shares in force,
2,087 7 /1 0 . B orrow in g members, 66 , h oldin g 715 9 /2 0 shares; n on-borrow ­
in g members, 205, h oldin g 1,372*4 shares. Fem ale shareholders, 106, h oldin g
670 3 /1 0 shares. T ota l dividends credited m em bers during the year on in sta l­
m ent shares, $8,307.42; ra te 6 per cent.
N o unpaid w ithdraw als.
A m oun t o f shares m atured du rin g th e year,
$11,593.21. M em bership fee, 25 cents and 50 cents. O perating expenses, as
defined in section 390 o f the Banking L aw , incurred and p a id du rin g year,
$1,133.35. U npaid, none.
P rem ium plan, instalm ent. In terest p a id b y borrow in g members, 5 per
cent. 5 % per cent, and 6 per cent. Prem ium pa id b y b orrow in g members,
4 /5 o f 1 per cent.
L oan s have been m ade in K in gs, Queens and R ich m on d counties, N ew
Y o rk State. L argest m ortgage loan outstanding, $10,000. M ortgages in
fo rce in N ew Y ork State, $146,200. N o foreclosures during th e year.

FULTON CO-OPERATIVE BUILDING AND LOAN ASSOCIATION
N o. 177 C ourt street, B rooklyn, N . Y .
[Organized
Officers
President.....................
Secretary....................
Treasurer...................

under Law of 1851. Commenced business 1888]
Names
Post-office addresses
E. DROSSE................................
25 Broad Street, New York.
J. F. RATHBON........................
215 Montague Street.
CHARLES C. JACOBS...........
796 President Street.

ASSETS
L oan s on bond and m o rtg a g e.................................................................
R eal e s t a t e .....................................................................................................
Cash on hand and in b a n k .....................................................................
F u rn itu re and fix tu res............................................................................
Interest, prem ium , fees and fines due and u n p a id .........................




$46,2 5 0
10 ,25 0
567
257
315

00
00

86
60
00

$ 5 7 ,6 4 0 46

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LIABILITIES
D ue shareholders, d u es..............................................................................
D ue shareholders, dividends cred ited .................................................
U ndivided profits .....................................................................................
G uaranty fun d (as per section 392 o f Banking L a w ) ................

171

$ 5 1 ,4 7 5 64
2,495 97
132 62
3 ,5 36 23
$57,6 4 0 46

RECEIPTS
Cash on hand Janu ary 1, 1917............................................................
Dues credited to m em bers.....................................................................
M ortgages redeemed, foreclosed or transferred to real e s ta te ..
Loans on shares re p a id ..........................................................................
Fees r e c e iv e d ................................................................................................
Interest received .......................................................................................
R en t r e c e iv e d ................................................................................................

$639
16,144
4 ,1 0 0
390

01

33
00
00

6 50
2 ,4 6 0 97
755 00

$24,495 81
DISBURSEMENTS
= = = = = =
Loaned on m o rtg a g e...................................................................................
$ 7,200 00
Loaned on shares.......................................................................................
90 00
Dues repaid on w ithdraw al, or applied on lo a n s .........................
12,272 76
D ividends paid on w ithdraw al, or applied on lo a n s ....................
1,845 OS
Cash dividends paid on incom e and accum ulative prepaid
shares .........................................................................................................
1,503 50
P a id salaries and clerk-h ire.................................................................
338 00
P a id advertising, prin tin g and p o sta g e ..........................................
17 00
P aid banking departm ent, exa m in a tion ..........................................
13 00
P aid banicing departm ent, assessm ent...............................................
4 24
L ig h t .............................................................................................................
57 79
Sundry expenses .......................................................................................
70 11
Expenses on real esta te..........................................................................
516 47
Cash on hand Decem ber 31, 1917........................................................
567 8 6 .
$24,495 81
Plan, serial. P a r valu e o f shares, $100. Instalm ents are 10 cents weekly.
Shares in force January 1, 1917, 8 6 2 % ; shares issued du rin g th e year,
2 40; shares w ithdraw n du rin g the year, 2 28; shares in force, 85 7 % . B orrow ­
in g members, 3, h oldin g 65% shares; non-borrow ing members, 61, holding 809
shares. Fem ale shareholders, 19, holding 232 shares. T ota l dividends credited
members during the year on instalm ent shares, $727.46; rate 4 per cent,
and 5 per cent. T ota l dividends credited or paid in cash to members during
the year on other shares, $1,503.50; rate 4 per cent, and 5 per cent.
N o unpaid w ithdraw als. M em bership fee, 50 cents. O perating expenses,
as defined in section 390 o f the B anking Law , incurred and pa id durin g the
year, $482.90. U npaid, none.
N o prem ium plan. Interest paid b y borrow in g members, 6 per cent. N o
prem ium charged.
Loans have been made in K ings, Queens and Richm ond counties, N ew Y ork
State and in N ew Jersey. Largest m ortgage loan outstanding, $5,000. M ort­
gages in force in N ew Y ork State, $44,750. N o foreclosures durin g th e year.

THE GERMAN BUILDING AND SAVING COMPANY OF BROOKLYN, N. Y.
No. 94'9 W illough by avenue, B rooklyn, N. Y .
[Organized under Law of 1851. Commenced business 18861
Officers
Names
Post-office addresses
President..................... HENRY C. MACHOLD...........
166 Chauncey Street.
Secretary.................... ADAM ARCHINAL...................
1014 Forest Avenue.
Treasurer...................
ADAM ARCHINAL...................
1014 Forest Avenue.
Attorney.....................
GEORGE L. STAMM................. 140 Nassau St., New York.




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ASSETS
L oan s on bond and m ortg a g e.................................................................
Loans on shares............................................................................................
Cash on hand and in b a n k .....................................................................

$26,900 00
2 129 00
2^438 31
$31,467 31

LIABILITIES

D ue shareholders, d u es..............................................................................
D ue shareholders, dividends cred ited .................................................
U n divided p r o f i t s .......................................................................................
G uaran ty fluid (a s per section 392 o f B anking L a w ) ..............!
Unearned o r rebatable prem iu m ........................................................

$27,295
2 ,9 1 4
607
480
170

00

49
35
45

02

$ 31,467 31
RECEIPTS
Cash on hand Janu ary 1, 1917.............................................................
Dues cred ited t o m em bers........................................................................
M ortgages redeemed, foreclosed o r transferred to real e s t a t e ..
L oan s on shares re p a id ..........................................................................
Pees r e c e iv e d ................................................................................................
Fines received ............................................................................................
In terest received .......................................................................................
D ividends retained on w ith d raw a ls....................................................

$ 2 ,6 3 0 91
8 ,8 2 8 26
6 00 00
1 ,4 77 00
42 75
58 62
1 ,427 22
30 73
$15,095 49

DISBURSEMENTS
Loaned on m o rtg a g e...................................................................................
L oaned on sh a res.......................................................................................
D ues repaid on w ith draw al, or applied on lo a n s .........................
D ividends paid o n w ithdraw al, o r applied on lo a n s ....................
P a id salaries and clerk -h ire...................................................................
P a id advertising, prin tin g and p osta g e...........................................
P a id ren t .....................................................................................................
P a id banking departm ent, exa m in a tion ...........................................
P a id banking departm ent, assessm ent...............................................
Officers’ bonds ..............................................................................................
R en t o f v a u lt................................................................................................
Cash on hand Decem ber 31, 1917........................................................

$ 3 ,5 0 0
2 ,5 4 0
5 ,6 2 3
469
471
13
12

10
2

8
5
2 ,4 3 8

00
00
61
93
50
70
00
00
64
80
00
31

. $15,0 9 5 49
P lan , serial-perm anent. P a r valu e o f shares, $100. Instalm ents are 10
cents weekly.
Shares in fo rce J anu ary 1, 1917, 1,505; shares issued du rin g th e year,
5 1 5 ; shares w ithdraw n du rin g the year, 36 5 ; shares in force, 1,655. B orrow ­
in g mem bers, 15, h oldin g 315 sh a res; non-borrow ing members, 119, holdin g
1,340 shares. Fem ale shareholders, 34, h oldin g 345 shares. T ota l dividends
credited members du rin g the year on instalm ent shares, $941.78; ra te 4
per cent.
N o unpaid w ithdraw als. E n tran ce fee, 10 cents per share and 25 cents
per mem ber. O perating expenses, as defined in section 390 o f th e Banking
Law , in curred and pa id during th e year, $511. U npaid, none.
Prem ium plan, gross. In terest p a id b y borrow in g members, 6 per cent.
Prem ium p a id b y b orrow in g members, up to 2 p er cent.
L oans have been m ade in K in gs, N assau and Queens counties, N ew Y ork
State. L argest m ortgage loan outstanding, $3,500. M ortgages in force in
N ew Y o rk State, $26,900. N o foreclosures du rin g th e year.




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GERMANIA BUILDING, SAVINGS AND LOAN INSTITUTION
N o. 1269 Gates avenue, B rooklyn, N . Y .
[Organized under Law of 1861. Commenced business 1888]
Officers
Names
Post-office addresses
65 Palmetto Street.
President..................... FREDERICK S. .SHACKNE. . . .
Secretary..................... GARFIELD HARMON ...................
412 Central Avenue.
Treasurer...................
ALBIN H. WENZEL....................... 1804 Norman Street.
Attorney.....................
GEO. F. ALEXANDER.................. 115 Washington Street.
ASSETS
Loans on bond and m ortg a g e.................................................................
Loans on shares............................................................................................
Cash on hand and in b a n k .....................................................................
F u rn itu re and fixtu res............................................................................
Interest, premium, fees and fines due and u n p a id .........................

$7 ,60 0
706
1 ,316
25
72

00
50
43
00
25

$9 ,72 0 18
LIABILITIES
= = = = = = =
Due shareholders, du es..............................................................................
$9,125 57
Due shareholders, dividends cred ited...............................................
363 13
U ndivided profits .....................................................................................
119 31
G uaranty fun d (as per section 392. o f B anking L a w ) ................
112 17
$ 9 ,72 0 18
RECEIPTS
===========
Cash on hand Janu ary 1, 1917............................................................
$1,597 83
Dues credited to members .....................................................................
6 ,1 50 87
M ortgages redeemed, foreclosed or transferred to real esta te. .
350 00
Loans on shares re p a id ................................................................
978 50
Fees received ..............................................................................................
9 25
Interest received .......................................................................................
539 73
Dividends retained on w ith draw a ls...................................................
22 02
Forfeiture on loan can celled.................................................................
12 17
Loan on share overdue, profit and lo s s ...............................................
2 40

DISBURSEMENTS
Loaned on m ortg a g e...................................................................................
Loaned on shares.......................................................................................
Dues repaid on w ithdraw al, or applied on lo a n s.........................
P a id salaries and clerk -hire.................................................................
P a id advertising, p rinting and p ostage.............................................
P aid rent .....................................................................................................
P aid banking departm ent, exam ination .............................................
• P aid banking departm ent, assessm ent...............................................
Cash on hand December 3, 1917............................................................

$9,662 77
---------$3 ,85 0 00
1,160 00
3 ,265 18
10 00
25 78
24 00
10 00
1 38
1,316 43
$9,662 77

Plan, permanent. P a r valu e o f shares, $100. Instalm ents are 50 cents
m onthly.
Shares in force Janu ary 1, 1917, 886 ; shares issued during the year, 366;
shares w ithdraw n during the year, 336; shares in force, 916. B orrow ing
members, 9, holdin g 80 shares; non-borrow ing members, 94, h olding 836
shares. Fem ale shareholders, 34, holding 218 shares. Total dividends credited
members du rin g the year on instalment shares, $363.13; rate 5 per cent.
N o unpaid w ithdraw als. Operating expenses, as defined in section 390 o f
the B anking Law , incurred and paid during the year, $59.78. U npaid, none.
N o prem ium plan. Interest paid b y borrow in g members, 6 per cent. N o
prem ium charged.
Loans have been m ade in K in gs and Queens counties, N ew Y ork State.
Largest m ortgage loan outstanding, $2,350. M ortgages in force in New Y ork
State, $7,600. N o foreclosures during the year.




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HAMILTON SAVINGS AND LOAN ASSOCIATION
N o. 498 C ou rt street, B rooklyn, N . Y .
[Organized under Law of 1851. Commenced .business 1889]
Officers
Names
Post-office addresses
President....................
J. BARTH. CRONIN
573 Clinton Street.
Secretary....................
CHAS. J. CULLEN.
39 Third Place.
Treasurer..................... FRANCIS S H E A .. .
518 Court Street.
Attorney.....................
JOHN P. HURLEY.
489 Clinton Street.
ASSETS
L oans on bond and m ortg a g e.................................................................
L oan s on shares.........................................................................................
Stocks and b o n d s.......................................................... ' . .........................
Shares o f L and Bank o f State o f N ew Y o r k ...................................
R ea l estate ................................................................................................
Cash on hand and in b a n k .....................................................................
F u rn itu re and fixtu res..............................................................................
A dvances fo r taxes, insurance, e t c ....................................................

$1 0 2,6 5 0
2 ,1 3 7
1,9 53
1 ,0 00
15,635
3 ,5 6 3
756
3 ,1 0 8

00
75
50
00
80
60
01
31

$130,804 97
LIABILITIES
D ue shareholders, dues and div iden ds....................................................
U n divided profits .......................................................................................
G uaran ty fun d (as per section 392o f B anking L a w ) ..................
D eposit .........................................................................................................

$125,376
1 ,447
3,9 71
10

46
26
25
00

$130,804 97
RECEIPTS
Cash on hand Janu ary 1, 1917............................................................
D ues credited t o m em bers.....................................................................
M ortgages redeemed, foreclosed or transferred to real e s t a t e ..
L oans on shares rep a id ............................................................................
Fines received ...........................................................................................
In terest received .......................................................................................
P rem iu m received .....................................................................................
R en t received ..............................................................................................
A dvances repaid .......................................................................................
D eposits .........................................................................................................
C ash o v e r .......................................................................................................
L ib e rty bond subscrip tion s.....................................................................
D ividend fro m L and B a n k .....................................................................

$17,252
6 3,821
5 ,7 0 0
3 ,7 4 2
58
5 ,8 31
138
1 ,123
1 ,2 9 0
135
39
1 4 ,09 9
25

63
29
00
75
76
10
76
26
97
00
09
50
00

$1 1 3,2 5 8 11
DISBURSEMENTS
L oaned on m o rtg a g e........................................................
L oaned on shares............................................................
D ues repaid on w ith draw al o r applied on loans
P a id salaries and clerk -h ire......................................
P a id advertising, prin tin g and posta ge................
P a id ren t ..........................................................................
P a id repairs t o real esta te........................................
P a id taxes, insurance, e t c ...........................................
P a id banking dep artm en t.............................................
D ividends ..........................................................................
Officers’ bonds .................................................................
A dvances fo r taxes, insurance, e t c ...........................
League dues .....................................................................
L ig h t and h e a t...................................................................




$25,050
3 ,2 7 6
5 7 ,6 4 0
765
76
300
40
384
29
3 ,9 4 2

00
50
28
46
17
00
00
25
25
44

12 00
1 ,5 1 4 49

12 00
133 98

K

in g s

175

C ounty

$23 00
125 00
38 75
128 11
11 i o
16 ,05 3 00
26 00
72 00
23 12
7 61
10 00
3 ,5 6 3 60

D irectors fees .............................................................................................
D eposits returned ..................................................................................
Office supplies ...........................................................................................
Office f u r n i t u r e ...........................................................................................
In terest on b o n d s .......................................................................................
L ib e rty bonds pu rch ased.........................................................................
L etterin g w in d o w .........................'.............................................................
J a n itor .........................................................................................................
Cash short ..................................................................................................
P e tty c a s h ....................................................................................................
A u ditin g .......................................................................................................
Cash on hand Decem ber 31, 1917........................................................

$113,258 11

Plan, permanent. P a r value of shares, $200 and $250. Instalm ents are
25 cents weekly.
Shares in force Ja n u a ry 1, 1917, 7 ,9 2 2 1 9 /2 0 ; shares issued during the
year, 2 ,2 7 7 % ; shares w ithdraw n during the year, 1,596 4 / 5 ; shares in force,
8,603 2 /5 . B orrow in g members, 41, h oldin g 5 7 1 2 /5 shares; non-borrow ing
members, 794, h oldin g 8,032 shares.
Fem ale shareholders, 483, holding
4,715 2 /5 shares. T o ta l dividends credited members during th e year on
instalm ent shares, $2,536.66; rate 5 per cent. T o ta l dividends credited or
paid in cash t o members during th e year on other shares, $1,405.78; ra te 4 %
per cent.
N o unpaid w ithdraw als. O perating expenses, as defined in section 390 of
the Banking Law , incurred and paid du rin g the year, $1,476.97. U npaid,
none.
Prem ium plan, instalm ent.
In terest paid b y b orrow in g members, 5 %
per cent, and 6 per cent. Prem ium paid b y borrow in g members, 10 cents per
share per week.
Loans have been made in K in g s county, N ew Y ork State. L argest m ortgage
loan outstanding, $6,000. M ortgages in force in N ew Y ork State, $102,650.
N o foreclosures du rin g the year.

KINGS COUNTY SAYINGS AND LOAN ASSOCIATION
N o. 1161 Fu lton street, B rooklyn, N. Y .
[Organized under Law of 1910. Commenced business 1913]
Officers
Names
Post-office addresses
President...................................... A. LUDLOW PERKINS...........
1101 Fulton Street.
Secretary...................................... CHARLES T. TRACE............... Maspeth, L. I.
Treasurer..................................... SAMUEL Wv LOW..................... 37 Halsey Street.
Attorney......................................
JOHN R. MANLEY................... S22 Marcy Avenue.
ASSETS
Loans on bond and m ortgage ..............................................................
Loans on shares .......................................................................................
Cash on hand and in b a n k .....................................................................

$ 9 ,3 1 0 00
375 00
857 16
$10,542 16

LIABILITIES
D ue shareholders, dues ....................................................................... •
D ue shareholders, dividends credited ...............................................
U ndivided profits .......................................................................................
G uaranty fun d (a s per section 392 of B anking L a w ) ................




$9, 817
440
228
56

00
17
36
63

$10,542 16

176

R

eport

on

S a v in g s

and

L oan

A

s s o c ia t io n s

r e c e ip t s

Cash on hand Janu ary 1, 1917.............................................................
D ues credited t o m em bers.....................................................................
L oans on shares repaid ..........................................................................
Fees r e c e iv e d ................................................................................................
In terest received ............................. .. •....................................................

$81
4 ,1 0 4
155
9
524

48

00
00
00
05

$ 4 ,87 3 53
DISBURSEMENTS
Loaned on m o rtg a g e...................................................................................
Loaned on shares .......................................................................................
D ues repaid o n w ith draw al, or applied on loans ......................
D ividends p a id on w ith draw al, o r applied on lo a n s ....................
Cash dividends pa id on incom e and accum ulative prepaid
shares .......................................................................
P a id borrow ed m oney and p rior m ortgages ..................................
P a id banking departm ent, exa m in a tion ...........................................
P a id hanking departm ent, a s s e s s m e n t...............................................
Officers’ bonds ..............................................................................................
Cash on hand Decem ber 31, 1917........................................................

$ 2 ,0 0 0
325
1 ,2 96
36

00
00
00
02

161
150
33
1
13
857

32
00
58
45
00
16

$ 4 ,8 7 3 53
P la n , permanent. P a r value o f shares, $200. Instalm ents a re 50 cents
and $1 m onthly.
Shares in fo rce Ja n u a ry 1, 1917, 2 09; shares issued du rin g the year, 7 6 ;
shares w ithdraw n du rin g th e year, 4 4 ; shares in force, 241. B orrow in g m em ­
bers, 11, h oldin g 66 sh a res; ■n on-borrow ing mem bers, 35, h oldin g 175 shares.
'
Fem ale shareholders, 20, h oldin g 99 shares.
T ota l dividends credited m em ­
bers d u rin g the yea r on instalm ent shares, $ 2 1 3 ,6 8 ; rate, 5 per cent. T ota l
dividends credited or pa id in cash to mem bers du rin g the year on oth er shares,
$188.29; rate 5 per cent.
N o unpaid w ithdraw als.
M em bership fee, $1.
O perating expenses, as.
defined in Section 390 o f th e B anking Law , incurred and pa id du rin g th e
yea r, $13. U npaid, none.
P rem iu m plan, instalm ent. In terest pa id b y borrow in g mem bers, 6 per
cent. N o prem ium charged.
L oan s have been m ade in K in g s and Queens counties, N ew Y ork State.
Largest m ortgage loan outstanding, $ 2,500. M ortgages in force in N ew Y ork
State, $9, 310. N o foreclosures du rin g the year.

MADISON CO-OPERATIVE BUILDING AND LOAN ASSOCIATION
N o. 897 Gates avenue, B rooklyn, N . Y .
[Organized
Officers
President....................
Secretary.....................
Treasurer...................
Attorney.....................

under Law o f 1851. Commenced business 1688]
Names
Post-office addresses
H. A. D. HOLLMAN..................
488 Monroe Street.
CHARLES F. W ILCOX...........
18 Revere Place.
R. J. DOBBIN..........................
690 Park Place.
Z. D. RACE................................
176 Broadway, New York.
A S S E TS

L oan s on bond and m ortg a g e.................................................................
L oan s on shares ..........................................................................................
Stock s and b on d s.......................................................................................
B ea l estate ..................................................................................................
Cash on hand and in b a n k .....................................................................
F u rn itu re and fixtures ..........................................................................
A dvances f o r taxes, insurance, e t c ......................................................




$ 1 0 2,6 0 0
3 ,1 1 0
5 ,0 0 0
7 ,1 1 9
4 ,4 3 5
25
108

00
00
00

66
47

00
33

$ 1 22,398 46

K

in g s

County

LIABILITIES
D ue shareholders, d u es............................................................................
D ue shareholders, dividends cred ited .................................................
B orrow ed m oney .......................................................................................
U ndivided profits .......................................................................................
G uaran ty fu n d (as per section 392 o f B anking L a w ) ................
Special deposit ............................................................................................

177
$ 9 8 ,5 1 2
8 ,8 4 1
11 ,00 0
631
2 ,2 5 5
158

00
47
00
30
52
17

$122>, 398 46
RECEIPTS
Cash on hand Janu ary 1, 1917............................................................
D ues credited t o m em bers.....................................................................
M oney borrow ed .........................................................................................
M ortgages redeemed, foreclosed o r transferred to real e s ta t e ..
Loans o n shares re p a id ..............................................................................
R eal estate sold ..........................................................................................
Rees, received ..............................................................................................
F ines received ............................................................................................
In terest received .......................................................................................
Prem ium received .....................................................................................
R en t received ........................................................................
D ividends retained on w ith d raw a ls....................................................
Advances repaid .......................................................................................
Special dep osit ............................................................................................
W ith d raw al, accou nt o f m ortgage lo a n ..............................................
R e b a t e s ...............................................................................................

$5 ,91 1
2 9 ,39 4
11,000
3 2 ,9 6 0
8 ,4 7 0
2 ,3 0 0
151
58
6 , 569
61
186
495
9
350
355

74
00
00
00
00
00
22
97
24
40
50
33
00
00
50
68 7®

$98,281 66
DISBURSEMENTS
Loaned on m o r t g a g e ................................................................................
Loaned on shares .....................................................................................
Dues repaid on w ith draw al, o r applied on lo a n s ...........................
P a id m atured shares ..............................................................................
D ividends paid on w ithdraw als, o r applied on lo a n s..................
Cash dividends pa id on incom e and accum ulative prepaid
s h a r e s ..........................................................................................................
P a id borrow ed m oney and p rior m ortga ges....................................
P a id interest on borrow ed m oney and p rior m ortga ges...........
P a id fo r real estate ................................................................................
P a id salaries and clerk -h ire...................................................................
P a id advertising, p rin tin g and p osta g e.............................................
P a id rent .......................................................................................................
P a id taxes, insurance, e t c ........................................................................
P a id banking departm ent, exa m in a tion .............................................
P a id banking departm ent, assessm ent...............................................
A dvances fo r taxes, insurance, e t c ......................................................
Special deposit ............................................................................................
P a id fo r deed o f property, settlem ent o f m ortgage lo a n .........
L egal expenses ..........................................................................................
S u ndry expenses ......................................................................................
L ib e rty bonds pu rch ased..........................................................................
Cash on hand Decem ber 31, 1917 ........................................................

$ 2 5 ,0 0 0
6 ,9 8 5
20 ,57 5
23, 243
1,811

00
00
00
52
16

1,9 3 7
3 ,0 0 0
178
3 ,2 0 0
475
85
84
1,417
10

50
00
75
00
00
75
00
07
00
54
33
00
00
80
77
00
47

8
117
350
100
122
144
5 ,0 0 0
4 ,4 3 5

$98,281 66
P la n , permanent.

P a r valu e o f shares, $100 and $200. Instalm ents are

$1 m onthly.
Shares in fo rce Ja n u a ry 1, 1917, 1,839; shares issued du rin g the year, 398;
shares w ith draw n du rin g th e yea r, 5 5 3 ; shares in force, 1,684. B orrow in g
members, 50, h oldin g 583 sh a res; non-borrow ing members, 189, holding




178

R

eport

on

S a v in g s

and

L

oan

A

s s o c ia t io n s

1101 shares. Fem ale shareholders, 73, h oldin g 431 shares. T otal dividends
cred ited mem bers during th e yea r on instalm ent shares, $3,770.23; rate, 5
per cent. T o ta l dividends cred ited o r pa id in cash t o members du rin g the
year on oth er shares, $1,937.50; rate, 5 per cent.
N o unpaid w ithdraw als. A m ou n t o f shares m atured during the year,
$23,243.52. O perating expenses, as defined in section 390 o f th e Banking
Law , incurred and paid d u rin g the year, $789.52. U npaid, none.
N o prem ium plan. In terest pa id b y b orrow in g members, 6 p e r cent. N o
prem ium charged.
L oan s have been made in B ron x, K in gs, N ew Y ork, Queens, Rockland and
W estchester counties, N ew Y ork State, and in N ew Jersey. L argest m ort­
gage loan outstanding, $5,600. M ortgages in force in New Y ork State,
$49,000. N o foreclosures du rin g the year.

THE MODEL BUILDING AND LOAN ASSOCIATION OF BROOKLYN, N. Y.
N o. 129 R alph avenue, B rooklyn, N . Y .
[Organized
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................

under Law o f 1851. Commenced business 1889]
Names
Post-office addresses
THOMAS P. LARKIN.................... 480-a McDonough Street.
JOHN P. LYNCH............................ 486-a Decatur Street.
FREDERICK L. JENKINS.......... 121 Bainbridge Street.
THOMAS P. HAGGERTY............. 1028 Gates Avenue.
ASSETS

L oan s on bond and m ortg a g e......................................
Loans on shares.................................................................
Stocks and b o n d s............................................................
Shares o f L and Bank o f State o f N ew Y o r k ____
R eal estate ........................................................................
Cash on hand and in b a n k ...........................................
Interest, prem ium , fees and fines due and unpaid

$ 4 9 ,2 5 0 00
3 ,0 6 5 00
2 ,7 7 5 00

1,000 00
4 ,3 2 1 77
3 ,6 0 0 49
163 64
$64,1 7 5 90

LIABILITIES
D ue shareholders, d u es..........................................................................
D ue shareholders, dividends cred ited .....................................................
P r io r m ortgages .......................................................................................
B orrow ed m oney .......................................................................................
U ndivided profits
................................................................................
G uaranty fu n d (as per section 392 o f B anking L a w ) ..................
A ccrued in terest
...............................................................................
A pp raisals .................................................................................................. ‘ .

$ 4 9 ,3 5 9
4 ,7 3 8
3 ,0 0 0
2 ,0 0 0
1,081
3 ,9 0 0
91
5

75
49
00
00
55
00
11

00

$64,175 90
RECEIPTS
Cash on hand Janu ary 1, 1917............................................................
Dues credited t o m em bers........................................................................
M ortgages redeemed, foreclosed or transferred to real e s t a t e ..
L oan s on shares re p a id ............................................................................
In terest received .......................................................................................
Prem iu m received .....................................................................................
R en t received ............................................................................................
D ividends retained on w ith d ra w a ls....................................................
A ppraisals ..................................................................................................




$ 5 ,2 2 0 19
14,617 02
5 ,9 0 0 00
1 ,2 75 00
3 ,0 8 8 56
735 41
420 00
37 88
20 00
$31,3 1 4 96

K

in g s

C ounty

DISBURSEMENTS
Loaned on m o rtg a g e ..................................................................................
Loaned on shares.......................................................................................
D ues repaid on w ithdraw al, o r applied on lo a n s .........................
P a id m atured shares..................................................................................
D ividends p a id on w ith draw al, or applied on loa n s....................
Cash dividends pa id on incom e and accum ulative prepaid
shares .........................................................................................................
P a id borrow ed m oney and p rior m ortga ges....................................
P a id in terest on borrow ed m oney and p rior m ortga ges.............
P a id salaries and clerk -h ire.................................................................
P a id advertising, p rin tin g and p osta ge.............................................
P a id rent ....................................................................................................
P a id repairs to real esta te .....................................................................
P a id taxes, insurance, e t c .....................................................................
P a id banking departm ent, exam ination ..........................................
P a id banking departm ent, assessm ent...............................................
Officers’ bonds ...........................................................................................
State League d u es.......................................................................................
State League con ven tion .........................................................................
R epairs ...........................................................................................................
S atisfaction o f m ortg a g e.......................................................................
A ppraisals ....................................................................................................
Cash on hand Decem ber 31, 1917........................................................

179

$ 2 ,0 0 0
3 ,2 4 0
8 ,1 2 0
8 ,5 99
320

00
00
47
71
20

888 03
3 ,0 0 0
397
645
14
135
105
154
10
5
16
•5
35
5
2
15
3 ,6 0 0

00
09
00
50
00
97
08
00
02
00
00
00
00
50
00
49

$31,3 1 4 06
P lan , permanent. P a r value o f shares, $100. Instalm ents a re 25 cents
weekly.
Shares in fo rce Janu ary 1, 1917, 1 ,9 3 2 % ; shares issued du rin g the year,
378; shares w ithdraw n during th e year, 729; shares in force, 1,581% . B or­
row in g members, 21, h oldin g 433% shares; n on-borrow ing members, 121,
h oldin g 1,148 shares. Fem ale shareholders, 47, holdin g 477 shares. T otal
dividends credited mem bers d u rin g the yea r on instalm ent shares, $1,898.39;
rate 6 per cent. T ota l dividends credited o r pa id in cash t o members during
the yea r on oth er shares, $888.03; ra te 5 per cent, and 6 per cent.
N o unpaid "withdrawals. A m oun t o f shares m atured du rin g th e year,
$8,599.71. O perating expenses, as defined in section 390 o f th e B anking Law ,
incurred and p a id du rin g the year, $855.50. U npaid, none.
Prem ium plan, prem iu m -interest. In terest pa id b y b orrow in g members,
5 % per cent. Prem ium pa id b y borrow in g members, 3 cents per share per
week.
Loans have been m ade in K in g s and Queens counties, N ew Y o rk State.
L argest m ortgage loan outstanding, $6,000. M ortgages in force in N ew Y ork
State, $49,250. N o foreclosures during th e year.

NASSAU CO-OPERATIVE BUILDING AND LOAN ASSOCIATION
N o. 2738 A tla n tic avenue, B rooklyn, N . Y .
[Organized under Law of 1851. Commenced business 1889]
Officers.
Names
Post-office addresses
President..................... JAMES J. FARRELL.......................... 58
Jerome Street.
Secretory..................... M. V. DORNBY.................................... 209 Sunnyside Avenue.
T re a su re r................ PETER J. EVERS............................... 154 Linwood Street.
Attorneys................... KIENDL & GROSS............................... 215Montague Street.
ASSETS
Loans on bond and m ortg a g e ..............................................................
Stocks and b o n d s.......................................................................................
C ontracts fo r th e sale o f real esta te...................................................
R eal e s t a t e ....................................................................................................




$481,792
5 ,0 0 0
2 ,7 5 0
32,397

50
00
00
94

180

R

eport

on

S a v in g s

and

L

oan

A

s s o c ia t io n s

Cash on hand and in b a n k .....................................................................
F u rn itu re and fix tu res..............................................................................
Interest, prem ium , fees and fines due a nd u n p a id .........................
A dvances fo r taxes, insurance, e t c ......................................................

$4 ,83 3 53

325 00
3 ,8 8 6 39
1 ,2 53 35
$5 3 2,2 3 8 71

LIABILITIES
D ue shareholders, dues and dividends cre d ite d .............................
U n divided p rofits
...........................................................................
G uaran ty fu n d (as per section 392 o f B anking L a w ) ..................
Suspense a c c o u n t .......................................................................................
Special deposits .......................................................................................

$501,876 53

5,753 53
2 4 ,3 7 7 60
8 81
222 24
$ 5 32,238 71

RECEIPTS
Cash on hand J anu ary 1, 1917...............................................................
Dues credited t o m em bers.....................................................................
M ortgages redeemed, foreclosed o r tran sferred t o real e s t a t e ..
R ea l estate s o ld .........................................................................................
Fees r e c e iv e d ................................................................................................
In terest received .......................................................................................
P rem ium received .....................................................................................
R e n t received ..............................................................................................
Advances repaid .......................................................................................
Special deposits ..........................................................................................
L ib e rty bonds s o ld .....................................................................................
S u n d r ie s .........................................................................................................

$ 3 0 ,6 0 4
122,767
3 3 ,2 4 8
1 ,4 9 4
123
2 5 ,9 8 5
4 ,5 0 8
.2,443
676
1 ,3 77
3 ,0 0 0

71

94
19
50
00

45
72
87
15
30
00

10 20
$ 2 26,240 03

DISBURSEMENTS
Loaned on m o rtg a g e...................................................................................
D ues repaid on w ithdraw al, o r applied on lo a n s ...........................
P a id m atured sh a res.................................................................................
D ividends p a id on w ith draw al, o r applied on lo a n s ....................
P a id fo r real esta te...................................................................................
P a id salaries and clerk -h ire...................................................................
P a id advertising, p rin tin g and p osta g e...........................................
P a id r e n t ............................................................
P a id repairs t o real estate ...................................................................
P a id taxes, insurance, e t c ......................................................................
P a id banking departm ent, exa m in a tion ...........................................
P a id banking departm ent, assessm ent...............................................
Officers’ bonds ............................................................................................
A dvances fo r taxes, insurance, e t c ......................................................
League dues ................................................................................................
Special deposits .......................................................................................
L ib e rty bonds purchased ......................................................................
L ig h t and h e a t..............................................................................................
B u rgla r alarm ..........................................................................................
Office f u r n i t u r e ............................................................................................
Sundries .........................................................................................................
Cash o n hand Decem ber 31, 1917........................................................

$ 3 5 ,7 8 2
128,011
2 0 ,3 0 0
7 ,5 6 9
1 2 ,4 5 0
2 ,8 0 3
389
240
1,961
2 ,3 7 3
45
32
31
909
26
239
8 ,0 0 0
123
37
25
54
4 ,8 3 3

50

21
00
62
00
09
99
00
83
33
50
84
20
07
00
10
00
97
50
00
75
53

$ 2 2 6 ,2 4 0 03
Plan, perm anent. P a r valu e o f shares, 100 and $250. Instalm ents are 10
cento and 25 cents w eekly.
Shares in fo rce Ja n u a ry 1, 1917, 1 5 ,8 3 8 % ; shares issued du rin g th e year,
1 ,2 4 4 % ; shares w ithdraw n du rin g th e year, 1,528; shares in force, 15,555% .




K

in g s

181

County

B orrow in g members, 87, h oldin g 1,807% shares; non-borrow ing members,
1,426, h oldin g 18,748 shares. Fem ale shareholders, no record kept. T ota l
dividends credited members durin g the year on instalm ent shares, $25,309.30;
rate 5 % per cent.
N o unpaid w ithdraw als. A m oun t o f shares m atured during the year,
$20,300. M em bership fee, $1. O perating expenses, as defined in section 390
o f the B anking Law , incurred and pa id du rin g the year, $3,738.84. U npaid,
none.
Prem iu m plan, instalm ent. In terest pa id b y borrow in g m em bers, 5% per
cent. Prem ium paid b y b orrow in g members, 4 cents a nd 10 cents per week
per share.
L oan s have been made in K in gs, N assau and Queens counties, N ew Y ork
State. L argest m ortgage loan outstanding, $12,000. M ortgages in force in
N ew Y ork State, $481,792.50. One foreclosure du rin g th e year.

PEOPLE'S CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION OF
BROOKLYN
N o. 14 Graham avenue, B rooklyn, N . Y .
[Organized under Law of 1894.
Officers
Acting President......
Secretary.....................
Treasurer...................
Attorneys...................

Commenced business 1895]

Names
SAMUEL H. BAEB......................
MORRIS HIRSCH.......................
JOEL Bu GOODMAN...................
W EIL & PURVIN........................

Post-office addresses
465 W. Broadway, N. Y.
334 Berry Street.
57 W. 23d Street, N. Y.
291 Broadway, New York.

ASSETS
Loans on bond and m o rtg a g e ......................................
Loans on shares...............................................................
Stocks and b o n d s............................................................
Cash on hand and in b a n k ...........................................
Interest, prem ium , fees and fines due and unpaid

$ 8 2 ,8 0 9
7 ,9 1 9
32,681
5 ,9 7 2
549

09
00
25
84
95

$ 1 29,914 94
LIABILITIES
D ue shareholders, d u es............................................................................
D ue shareholders, dividends cred ited ...............................................
Suspense a c c o u n t .......................................................................................
G uaran ty fun d (as per section 392 o f Banking L a w ) ................
Unearned or rebatable prem iu m ........................................................

$105,021
2 1 ,8 0 4
521
2 ,4 1 7
150

00
48
20
36
00

$129,914 04
RECEIPTS
Cash on hand J a n u a ry 1, 1917.............................................................
D ues credited t o m em bers.....................................................................
M ortgages redeemed, foreclosed or tran sferred to real e s t a t e ..
Loans on shares re p a id ..............................................................................
Fees received ..............................................................................................
F ines r e c e iv e d ..............................................................................................
In terest received .......................................................................................
Prem ium r e c e iv e d .......................................................................................
D ividends retained on w ith d raw a ls....................................................
Bonds sold .................................................................................................
Suspense account .......................................................................................




$11,431
1 9 ,29 4
8 ,0 0 0
2 ,8 2 5
22

52
00
00
00
15
8 84
6 ,5 5 7 98
112 72
284 86
506 25
521 20

$49,5 6 4 52

182

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and

L

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DISBURSEMENTS
Loaned on m o rtg a g e ..................................................................................
Loaned on sh a res..................................................................................... ....
Dues repaid o n w ithdraw al, or applied on lo a n s .........................
D ividends pa id on w ithdraw al, o r applied on loa n s....................
P a id salaries and clerk-h ire.................................................................
P a id advertising, p rin tin g and p o sta g e ..........................................
P aid r e n t .......................................................................................................
P aid banking departm ent, exa m in a tion ..........................................
P a id banking departm ent, assessm ent...............................................
Officers’ bonds ............................................................................................
A pp raisals ....................................................................................................
In terest on bonds pu rch a sed.................................................................
Bonds purchased .......................................................................................
B rokers c o m m is s io n ...................................................................................
L oss on bonds s o ld .....................................................................................
Cash on hand Decem ber 31, 1917........................................................

$ 8 ,6 0 0
1 ,1 50
1 6,824
4 ,7 7 5
303
62
85
16

00
00
00
95
50
20
00
50
8 60
72 00
10 00
52 68
1 1 ,5 6 0 00
5 00
6 25
5 ,9 7 2 84

$ 4 9 ,5 6 4 52
Plan, serial. P a r value o f shares, $200 and $250. Instalm ents are 50 cents
sem i-m onthly.
Shares in force Ja n u a ry 1, 1917, 1,622; shares issued du rin g the year, 178;
shares w ithdraw n du rin g th e year, 2 1 6 ; shares in force, 1,584. B orrow in g
members 43, h oldin g 454 shares; n on-borrow ing m em bers, 189, h oldin g 1,130
shares.
Fem ale shareholders, 91 h oldin g 552 shares.
T o ta l dividends
credited members du rin g th e yea r on instalm ent shares, $2,920; rate, 2.55
per cent.
N o unpaid w ithdraw als.
Entrance fee, 25 cents per share. O perating
expenses, as defined in section 390 o f the B anking Law , incurred and pa id
du rin g th e year, $597.70. U npaid, none.
Prem ium plan, instalm ent. In terest pa id b y b orrow in g mem bers, 6 per
cent. Prem ium p a id b y b orrow in g mem bers, 2 cents per m on th on each $100.
L oan s have been m ade in K in gs and W estchester counties, N ew Y ork State
and in N ew Jersey. L argest m ortgage loan outstanding, $9,600. M ortgages
in force in N ew Y ork State, $74,000. N o foreclosures during th e year.

POLISH-AMERICAN CO-OPERATIVE SAVINGS AND LOAN
ASSOCIATION
N o. 660 T h ird avenue, B rooklyn, N . Y .
[Organized
Officers
President.....................
Secretary....................
Treasurer...................
Attorney........... ..

tinder Law of 1894. Commenced business 1900]
Names
Post-office addresses
JOHN GUTOWSKI.................
5105 6th Avenue.
PRANK A. JURBK. .............
236 57th Street.
JOHN SKOWRONSKI.............
137 Nineteenth Street.
ROBERT J A G O C K I.................
707 Third Ave., Brooklyn.

ASSETS
Loans on bond and m ortg a g e........................................
Loans on sh a res.................................................................
Stocks and b on d s...............................................................
Shares o f L an d Bank o f State o f N ew Y o r k .........
R eal estate ............................... .........................................
Cash on hand and in b a n k .............................................
F u rn itu re and fixtu res.................................................
In terest, prem ium , fees and fines due and unpaid
Advances fo r taxes, insurance, e tc .............................
D eposit fo r electric m e te r.............................................
B ills r e c e iv a b le ...................................................................




$ 1 83,800 00'

2,100 00
3 ,1 0 0 00

1,000 00
9 ,5 0 0
1 1,036
165
1 ,4 7 6
7
5
3 ,0 0 0

00
67
00
53
61
00
00

$ 2 15,190 81

K

in g s

C ounty

LIAB ILITIES
D ue shareholders, du es............................................................................
Due shareholders, dividends cred ited ...................................................
P r io r m ortgages .......................................................................................
U ndivided profits .......................................................................................
G uaran ty fund (as per section 392 o f Banking L a w ) ..................

183
$187,679
12,003
9 ,0 0 0
4 ,5 4 8
1,9 60

06
22
00
48
05

$215,190 81
RECEIPTS
Cash on hand January 1, 1917...............................................................
D ues credited t o m em bers..............................................
P r io r m ortgages .......................................................................................
M ortgages redeemed, foreclosed or transferred to real e s t a t e ..
Loans on shares re p a id ............................................................................
R eal estate s o ld ...........................................................................................
Fees r e c e iv e d ................................................................................................
Fines received ...........................................................................................
Interest received .......................................................................................
R en t r e c e iv e d ................................................................................................
Divideilds retained on w ith d raw a ls......................................................
Advances repaid .......................................................................................
A ppraisals ....................................................................................................
Pass b o o k s ....................................................................................................
L ib erty bonds s o ld ..................................................................................

$8,998 62
74 ,85 4 07
9 ,0 0 0 00
10,100 00
3 ,0 6 9 50
1 ,4 52 80
31 09
16 31
8 ,9 46 61
865 00
17806
845 79
82 50
2 50
5 ,4 00 00
$123,842 85

DISBURSEMENTS
Loaned on m o rtg a g e ..................................................................................
Loaned on shares.........................................................................................
D ues repaid on w ithdraw al, or applied on loa n s.........................
P a id m atured shares................................................................................
D ividends paid on w ithdraw al, or applied on lo a n s .....................
P a id fo r real esta te ..................................................................................
P a id salaries and clerk -h ire...................................................................
P a id advertising, p rin tin g and p osta ge.............................................
P a id r e n t ......................................................................................................
P a id repairs to real esta te.....................................................................
P a id taxes, insurance, e t c .......................................................................
P a id banking departm ent, exam ination ...........................................
P a id banking departm ent, assessm ent...............................................
Officers’ bonds ............................................................................................
A dvances fo r taxes, insurance, e t c ........................................................
League dues and expenses.....................................................................
B ills r e c e iv a b le ...........................................................................................
A ppraisals ....................................................................................................
L ib e rty bonds pu rch ased..........................................................................
In terest on L ib erty b on d s.......................................................................
L ig h t and h e a t..............................................................................................
Sp ecial deposit re p a id ..............................................................................
F u rn itu re and fixtures ..........................................................................
In terest on special d ep osit.....................................................................
L egal expense ............................................................................................
Sundries .........................................................................................................
Cash on hand Decem ber 31, 1917........................................................

$42,950
2 ,5 1 5
3 8 ,10 0
8 ,7 99
4 ,3 5 2
1,452
1 ,3 9 5
196
180
193
213
19

11

00
00
02
41
77
80
50
00
00
50

66
50
33
00
91
00
00
50
00
55

29
633
17
3 ,0 0 0
130
8 ,5 0 0
1
29 88
50 00
4 50
2 00
50
27 85
11,036 67
$123,842 85

Plan, permanent. P a r value o f shares, $200. Instalm ents are 12% cents
and 25 cents weekly.
Shares in fo rce Janu ary 1, 1917, 2,376; shares issued during the year,




184

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s s o c ia t io n s

5 4 4 ; shares w ithdraw n d u rin g the year, 26 7 ; shares in force, 2,653. B orrow ­
in g members, 59, h oldin g 967 shares; n on-borrow ing mem bers, 432, h oldin g
1,686 shares. Fem ale shareholders, 107, h old in g 368 shares. T ota l dividends
credited mem bers d u rin g th e year on instalm ent shares, $3,864.50; rate, 5 %
p e r cent, and 6 per cent. T o ta l dividends credited o r pa id in ca sh t o m em ­
bers du rin g the year on oth er shares, $3,462.32; rate, 4 per cent.
N o unpaid w ithdraw als. A m oun t o f shares m atured du rin g th e year,
$8,799.41. E ntrance fee, 15 cents per share. O perating expenses, as defined
in section 390 o f the B anking Law , incurred and pa id d u rin g th e year,
$1,927.73. U npaid, none.
N o prem ium plan. In terest p a id b y b orrow in g members, 5 p er cent., 5 %
per cent, and 6 per cent. N o prem ium charged.
L oan s have been m ade in K in gs and Queens counties, N ew Y ork State.
L a rg e st m ortga ge loan ou tstan din g, $9,000. M ortgages in force in N ew Y ork
State, $183,800. One foreclosu re du rin g the year.

PROSPECT HOME BUILDING AND LOAN ASSOCIATION
N o. 336 N in th street, between F ifth and S ixth avenues, B rooklyn, N . Y.
[Organized
Officers
President.....................
Secretary....................
Treasurer...................
Attorney......................

under Law o f 1851. Commenced business 1890]
Names
Post-office addresses
MELVIN W. MOREHOUSE.............. 706 Cortelyou Road.
GEORGE W. BALLWAY.................... 1518 Eighth Avenue.
WILLIAM M. TOMLINS.................... 524 Seventh Street.
TITLE GUAR. & TRUST CO............. 175 Remsen Street.

ASSETS
L oan s on bond and m ortg a g e ........................................
L oan s on s h a r e s .................................................................
Gash on hand and in b a n k ...........................................
F u rn itu re and fixtures ....................................................
In terest, prem ium , fees and fines due and unpaid

$ 1 15,200 00
4 ,1 0 7 00
599 48

100 00
9 40 15
$ 1 20,946 63

LIABILITIES
D ue shareholders, dues ..........................................................................
D ue shareholders, dividends cred ited ....................................................
P r io r m ortgages ..........................................................................................
U ndivided profits .....................................................................................
G uaran ty fu n d (a s per section 392 o f B anking L a w ) .................
Suspense account .......................................................................................
S pecial deposit ............................................................................................
Salaries due ................................................................................................

$ 88, 238
16,633
9 ,0 5 0
3, 780
3 ,1 4 3
12
20

58
10
00
29
57
75
25
68 09

$120,946 63
RECEIPTS
Cash on hand Janu ary 1, 1917.............................................................
D ues credited t o m em bers........................................................................
M on ey borrow ed ..........................................................................................
M ortgages redeemed, foreclosed o r transferred to real e s t a t e ..
L oan s on shares repaid ..........................................................................
F ines received ............................................................................................
In terest received .......................................................................................
P rem iu m received .....................................................................................
D ividends retained on w ith d raw a ls......................................................
A dvances repaid ..........................................................................................




$ 8 ,82 5
20, 965
9, 600
6 ,7 0 0
3 ,2 7 2
7
5 ,5 3 7
1 ,4 42
425
432

89
25
00
00
50
80
62
99
21
83

$ 5 7 ,2 1 0 09

K ings C ounty
DISBURSEMENTS
Loaned on m ortgage ................................................................................
Loaned on shares .......................................................................................
D ues repaid on w ith draw al, o r applied on lo a n s ...........................
P a id m atured shares ..............................................................................
D ividends paid on w ithdraw al, or applied on lo a n s ....................
Cash dividends pa id on incom e and accum ulative prepaid
s h a r e s ............................................'.............................................................
P a id borrow ed m oney and p rior m ortga ges......................................
P a id interest on borrow ed m oney and p rior m ortga ges..............
P a id salaries and clerk -h ire...................................................................
P a id advertising, p rin tin g and posta ge...............................................
P a id rent .......................................................................................................
P a id hanking departm ent, exam ination .............................................
P a id banking departm ent, assessm ent...............................................
Officers’ bonds ............................................................................................
Advances fo r taxes, insurance, e t c ........................
L i g h t ................................................................................................................
Cash on hand Decem ber 31, 1917........................................................

185
$13,550
2, 712
17, 376
8 , 801
2 ,3 1 7

00
50
58
28
99

515
9, 600
115
815
35
183
19

25
00
83
50
56
33
50
26
00
01
02
48

8
32
521

6
599

$ 5 7 ,2 1 0 09
Plan, permanent. P a r value of shares, $100. Instalm ents are 10 cents
weekly.
Shares in force J anu ary 1, 1917, 3 ,8 7 8 % ; shares issued du rin g th e
year, 6 0 9 % ; shares w ith draw n du rin g th e year, 4 8 6 % ; shares in force
4,001% . B orrow in g members, 35, h oldin g 896 shares; n on-borrow ing mem­
bers, 221, h oldin g 3,105% shares.
Fem ale shareholders, 82, h oldin g 988
shares. T ota l dividends credited members du rin g the yea r on instalm ent
shares, $5,114.75; rate, 6 per cent. T ota l dividends credited o r paid in cash
to mem bers du rin g the yea r on other shares, $870.55; rate, 4 % per cent.,
4 % per cent, and 6 per cent.
N o unpaid w ithdraw als.
A m oun t o f shares m atured du rin g the year,
$8,801.28.
O perating expenses, as defined in section 390 o f the B anking
Law , incurred and paid du rin g the year, $1,072.41. O perating expenses, as
defined in section 390 o f th e Banking Law , incurred du rin g the year and
rem aining unpaid, $68.09.
Prem um plan, installm ent. Interest paid b y b orrow in g members, 5 per
cept. P rem ium p a id b y b orrow in g members, 14 cents per share per month.
Loans have been made in K ings, Queens and R ichm ond com ities, N ew
Y o rk State, and in N ew Jersey. L argest m ortgage loan ou tstanding , $8,500.
M ortgages in force in N ew Y ork State, $102,150. N o foreclosures during the
year.

SOUTH BROOKLYN SAVINGS AND LOAN ASSOCIATION
N o. 565 F ifth avenue, B rooklyn, N . Y .
[Organized under Law of 1851. Commenced business 1886]
Officers
Names
Post-office addresses
President..................... DAVID B. HUTTON.............................
227
Brooklyn Avenue.
Fifth Avenue.
Secretary..................... JAMES H. STRAIN............................. 565
Treasurer...................
EDWARD BIRKLE..............................
1521 Beverly Road.
Attorney...................... WILLIAM J. BOLGER........................... 149 Broadway, N. Y.
ASSETS
Loans on bond and m ortga ge...........................
Stocks and bonds .................................................
Shares o f Land Bank o f State o f N ew Y ork
Contracts fo r th e sale o f real esta te...........
R eal e s t a t e ..............................................................
Cash on hand and in b a n k ...............................
Advances fo r taxes, insurance, e t c ..................




$ 1,149, 930 00

10,000 00
1,000 00
29,243
23,187
6 3,938
306

40
32
56
00

$ 1 ,2 7 7 ,6 0 5 28

186

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ok

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L

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L IA B IL IT IE S

D ue shareholders, dues and dividends cred ited ............................. $ 1 ,1 1 6 ,0 2 1 69
B alance t o be pa id borrow ers on m ortgage lo a n s .........................
2 , 500 00
P r io r m o r t g a g e s .........................................................................................
2 ,0 0 0 00
U ndivided p r o f i t s .......................................................................................
83, 881 73
G uaran ty fund (as per section 392 o f Banking L a w ) ................
7 2,597 95
Suspense a ccou nt .......................................................................................
603 91
$ 1 ,2 7 7 ,6 0 5 28
RECEIPTS
Cash on hand Janu ary 1, 1917...............................................................
Dues credited to m em bers.......................................................................
P r io r m ortgages .........................................................................................
M ortgages redeemed, foreclosed o r transferred to real e s t a t e ..
In terest received .......................................................................................
P rem ium r e c e iv e d .......................................................................................
R en t received ..............................................................................................
Land bank stock s o ld ................................................................................
C ontracts fo r the sale o f real esta te...................................................
A p p r a is a ls ......................................................................................................

$69>, 472
3 13,354
2 ,0 0 0
118,950
7 1 ,87 0
811
760
4 ,0 0 0
200
130

34
48
00
00
09
59
00

00
00
00

$581,548 50
DISBURSEMENTS
= = = = = =
Loaned on m o rtg a g e................................................................................
$ 7 7 ,7 5 0 00
D ues repaid on w ith draw al, o r applied on lo a n s ...........................
411,025 40
P a id borrow ed m oney and p rior m ortga ges......................................
8 ,000 00
P a id interest on borrow ed m oney and p rior m ortga ges..............
167 43
P a id salaries and clerk -h ire.................................................................
8 , 254 00
P a id advertising, p rin tin g and p osta g e...........................................
608 27
P a id taxes, insurance, e t c .....................................................................
570 11
P a id banking departm ent, exam in ation .............................................
68 25
78 88
P a id banking departm ent, assessm ent...............................................
Officers’ bonds ...........................................................................................
80 00
A dvances fo r taxes, insurance, e t c ......................................................
306 00
State League d u es.......................................................................................
29 00
Suspense account .........................................................................................
458
Telephone, lig h t and h e a t.......................................................................
243 49
F u r n it u r e .......................................................................................................
49 53
Tellers a t election ......................................................................................
1500
L ib erty bonds pu rch ased..........................................................................
1 0,000 00
J a n i t o r ............................................................................................................
360 00
Cash on hand Decem ber 31, 1917........................................................
6 3 ,9 3 8 56
$581,548 50
P lan , permanent. F a r value o f shares, $100 and $250. Instalm ents are
50 cents m onthly.
Shares in fo rce J a n u a ry 1, 1917, 30,107 3 /1 0 ; shares issued du rin g th e
year, 1,707; shares w ithdraw n during the year, 4,061 3 /1 0 ; shares in force,
27,753. B orrow in g members, 484, h oldin g 11,571% shares; non-borrow ing
mem bers, 1,897, h oldin g 16,181% shares. Fem ale shareholders, 806, holding
11,340 shares. T ota l dividends credited mem bers during the year on instal­
m ent shares, $45,871.29; rate, 4 % per cent.
N o unpaid w ithdraw als. O perating expenses, as defined in section 390
o f the B anking Law , incurred and paid du rin g th e year, $9,589.76. U npaid,
none.
N o prem ium plan.
In terest pa id b y b orrow in g members, 5 % per cent,
and 6 per cent. N o prem ium charged.
L oans have been made in K in gs, Nassau, Queens and Suffolk counties,
N ew Y o rk State and in N ew Jersey. L argest m ortgage loan outstanding,
$10,000. M ortgages in force in N ew Y ork State, $1,146,230. N o foreclosures
du rin g the year.




187

K ings C ounty

TWENTY-NINTH WARD CO-OPERATIVE SAVINGS AND LOAN
ASSOCIATION
N o. 142 E. F ou rth street, B rooklyn, N . Y .
[Organized
Officers
President.....................
Secretary....................
Treasurer...................
Attorney....................

under Law of 1804. Commenced business 1895]
Names
Post-office addresses
HENRY DONNELLY........................ East 4th Street.
ROLLA O. SMITH............................
295 Sherman Street.
HENRY BOESELAGI5R.................. 1 East 7th Street.
HENRY E. HEISTAD........................
190 Montague Street.

ASSETS
Loans on bond and m ortga ge......................
Cash on hand and in b a n k ............................. .
Furn itu re and fixtures ....................................

$21,250 00
780 03
90 00
$ 2 2 ,1 2 0 03

LIABILITIES
D ue shareholders, dues and dividends cred ited ...............................
B orrow ed m oney .......................................................................................
U ndivided profits .......................................................................................
G uaran ty fun d (a s per section 392 o f B anking L a w ) ................

$18,5 8 2
1 ,5 00
1,605
431

77
00
47
79

$22,120 03
RECEIPTS
Cash on hand J anu ary 1, 1917............................................................
Dues credited to m em bers.......................................................................
M oney borrow ed .........................................................................................
M ortgages redeemed, foreclosed or transferred to real e s t a t e ..
Fines received .............................................................................................
Interest received .......................................................................................
Prem ium received .....................................................................................
B en t received ..............................................................................................

$5, 320
7 ,4 9 9
1 ,5 00
500
3
1,003
217
20

46
79
00
00
31
69
96
00

$16,065 21
DISBURSEMENTS
Loaned on m ortga ge..................................................................................
Dues repaid on w ithdraw al, or applied on lo a n s ..........................
D ividends paid on w ithdraw al, or applied on lo a n s .......................
P a id borrow ed m o n e y and p rior m ortga ges....................................
P a id interest on borrow ed m oney and p r io r m ortga ges..............
P a id salaries and clerk -h ire...................................................................
P a id ren t ....................................................................................................
P a id banking dep artm ent.......................................................................
N otary fees .................................................................................................
J anitor, gas and fuel, e t c .........................................................................
Cash on hand Decem ber 31, 1917........................................................

$4 ,25 0
8 ,9 9 5
824
900
27
75
180
15
4
13
780

00
30
31
00
00
00
00
50
50
57
03

$16,065 21
Plan, permanent. P a r value o f shares, $250. Instalm ents are 25 cents
weekly.
Shares in force Janu ary 1, 1917, 5 51; shares issued d u rin g th e year, 6 3 ;
shares w ithdraw n du rin g th e year, 7 4 ; shares in force, 540. B orrow ing
members, 13, h oldin g 85 shares; non-borrow ing members, 115, h old in g 455
shares.
Fem ale shareholders, 41, h oldin g 130 shares.
T o ta l dividends
credited mem bers durin g the yea r on instalm ent shares, $824.31; rate, 5
per cent.




188

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N o unpaid w ithdraw als. O perating expenses, as defined in section 390
o f th e B anking L aw , incurred and pa id du rin g th e year, $288.57. U npaid,
none.
P rem ium plan, prem ium -interest. In terest paid b y b orrow in g members,
5 % per cent. P rem ium p a id b y b orrow in g members, 6 cents per share per
week.
L oan s have been m ade in K in gs cou nty, N ew Y ork State. L argest m ort­
gage loan outstanding, $3,250. M ortgages 'in force in N ew Y o rk State,
$21,250. N o foreclosures durin g the year.

UNION CO-OPERATIVE BUILDING AND LOAN ASSOCIATION
N o. 1424 F u lton street, B rooklyn , N . Y .
[Organized under Law of 1851.
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney......................

Commenced business 1890. Re-incorporated under
Law of 1894]
Names
Post-office addresses
DANIEL S. BRUSH.................... 388 Lexington Avenue.
HENRY TOWLES, J r .............. 1077 East 40th Street.
GEORGE DOWNING.................. 1049 East 17th Street.
GILBERT P. BRUSH................ 120 Broadway, New York.

ASSETS
L oan s on bond and m ortg a g e......................................
L oa n s on shares .............................................................
R ea l estate ........................................................................
Cash on hand and in b a n k ...........................................
F u rn itu re and fixtu res....................................................
Interest, prem ium , fees and fines due and unpaid
A dvances fo r taxes, insurance, e t c .........................

$ 3 6 ,3 0 0
4 ,3 8 5
3 ,3 11
3 ,8 5 3
125
1 ,013
55

00
00
47
89
00
04
50

$ 4 9 ,0 4 3 90
LIAB ILITIES
D ue shareholders, dues ..........................................................................
D ue shareholders, dividends cred ited .................................................
B orrow ed m o n e y .............................................................................. t..........
U ndivided profits ..........................................................................’ .........
G u aran ty fun d (a s per section 392 o f B anking L a w ) ................

$38,7 6 7 87
6 ,9 7 5 91
1,0 00 00
12
2 ,3 0 0 00
$49,0 4 3 90

RECEIPTS
Cash on hand J anu ary 1, 1917...............................................................
D ues credited t o m em bers........................................................................
M ortgages redeemed, foreclosed o r tran sferred to real e s t a t e ..
L oan s on shares re p a id ............................................................................
In terest received .......................................................................................
P rem iu m r e c e iv e d .......................................................................................
D ividends retained on w ith d raw a ls....................................................
A dvances r e p a i d ..........................................................................................

$ 2 ,0 7 2
6 ,4 0 5
2 ,8 0 0
1 ,0 30
2 ,2 5 7
71
189
88

97
51
00
00
69
51
76
62

$14,9 1 6 06
DISBURSEMENTS
L oan ed on m o rtg a g e.................................................................................
L oan ed on s h a r e s .......................................................................................
D ues repaid on w ith draw al, or applied on lo a n s ...........................
P a id m atured shares ..............................................................................
D ividends p a id on w ith draw al, or applied on lo a n s ....................
Cash dividends pa id on incom e and accum ulative prepaid
shares . . . ................................................................................................
P a id borrow ed m oney and p r io r m ortga ges..................................




$ 1 ,2 0 0
1 ,5 3 5
2, 529
1 ,0 1 6
428
.

00
00
50
30
92

221 98
3 ,0 0 0 00

M adison C ounty

189

P a id interest on borrow ed m oney and p rior m ortga ges...........
P a id salaries and clerk -h ire.................................................................
P a id advertising, p rin tin g and p osta g e.............................................
P a id r e n t .......................
P a id taxes, insurance, e t c ........................................................................
P a id banking departm ent, exa m in a tion .............................................
P a id banking departm ent, assessm ent...............................................
Officers’ bonds .......................................................................... * .................
A dvances fo r taxes, insurance, e t c ......................................................
L egal expense ..............................................................................................
K efund ...........................................................................................................
Cash on hand December 31, 1917........................................................

$120
554
19
180
81
12
3
20
117
17
3
3 ,8 5 3

70
50
80
00
30
50
85
00
12
70
00
89

$14,916 06
Plan, serial. P a r value o f shares, $200. Instalm ents are 25 cents weekly.
Shares in force January 1, 1917, 4 6 9 % ; shares issued du rin g the year, 82;
shares w ithdraw n du rin g the year, 4 1 ; shares in force, 5 1 0 % . B orrow in g
members, 19, h oldin g 2 3 1 % shares; n on-borrow ing members, 41, h oldin g 279
shares. Fem ale shareholders, no record kept. T ota l dividends credited mem­
bers du rin g the year on instalm ent shares, $1,578.86; rate, 3.84 per cent.
T ota l dividends credited or paid in cash to members during the year on other
shares, $131.85; rate, 3.84 per cent.
N o unpaid w ithdraw als. A m oun t o f shares m atured du rin g the year,
$1,016.30. O perating expenses, as defined in section 390 o f the Banking Law ,
incurred and paid du rin g the year, $774.30. U npaid, none.'
Prem ium plan, installm ent. Interest p a id b y borrow in g members, 5 % per
cent and 6 per cent. Prem ium paid b y b orrow in g members, 1 cent per share
per week.
Loans have been made in K in gs, Queens and Suffolk counties, N ew Y ork
State. L argest m ortgage loan outstanding, $11,000. M ortgages in force in
N ew Y o rk State, $36,300. N o foreclosures during the year.

MADISON COUNTY
CANASTOTA SAVINGS AND LOAN ASSOCIATION
N o. 1 T abor B lock, South Peterboro street, Canastota, N . Y .
[Organized under Law of 1851.
Officers
President.....................
Secretary....................
Treasurer...................
Attorney.....................

Commenced business 1889]

Names
Post-office addresses
P. P. MILMOE......................................
Canastota,NY.
E. B. ROBERTS................................................. Canastota, N. Y.
HOWARD D. REMISS................................... Canastota, N. Y.
D. F. WALLACE............................................... Canastota. N. Y.

ASSETS
Loans on bond and m ortg a g e...................................................................
L oan s on shares...........................................................................................
Cash on hand and in b a n k .....................................................................
F u rn itu re and fix tu res..............................................................................
Advances fo r taxes, insurance, e t c ...................................................

$109, 700
6, 460
4 ,1 8 1
215
20

00
00
29
00
67

$120, 576 96
LIABILITIE S

D ue shareholders, d u e s ............................................................
Due shareholders, dividends cred ited .............................
Undivided p r o fit s ......................................................................
G uaranty fund (as per section 392 o f Banking L aw )
Unearned o r rebatable prem iu m ........................................




$102, 904
13,428
1,234
2 ,3 8 0
628

27
14
87
91
77

$120, 576 96

190

R eport

on

Savings

and

L oan A ssociations

receipts
Cash o n hand J anu ary 1, 1917..............................................................
Dues cred ited to m em bers........................................................................
M ortgages redeemed, foreclosed or transferred t o real e s t a t e ..
Loans on shares re p a id ............................................................................
Fees received ..............................................................................................
F in es r e c e iv e d .......................................................................
In terest received .......................................................................................
Prem ium received
...............................................................................
D ividends retained on w ith d raw a ls....................................................

$3, 595
33,411
19, 600
4 ,1 5 7
134
132
6 ,2 2 9
206
150

71
76
00
00
00
50
12
45
59

$58,6 1 7 13
DISBURSEMENTS
Loaned on m o rtg a g e...................................................................................
Loaned on shares.......................................................................................
D ues repaid on w ith draw al, o r applied on lo a n s ...........................
P a id m atured shares................................................................................
D ividends pa id on w ithdraw al, o r applied on lo a n s .....................
P a id borrow ed m oney and p rior m ortga ges......................................
P a id interest on borrow ed m oney and p rior m ortga ges..............
P a id salaries and clerk -h ire...................................................................
P a id advertising, p rin tin g and p osta ge...........................................
P a id banking departm ent, exam ination .............................................
P a id banking departm ent, assessm ent...............................................
Officers’ bonds ............................................................................................
A dvances fo r taxes, insurance, e t c ......................................................
Office supplies ............................................................................................
In su rance .....................................................................................................
R ecord ing taxes ....................................................................................... .
R efun ds .........................................................................................................
Cash on hand Decem ber 31, 1917........................................................

$ 1 6 ,3 0 0 00
4, 545 00
15,648 57
11,035 37
2 ,1 3 7 93
4, 000 00
40 00
521 25
8 05
38 87
773
8 00
20 67
17 85
2 00
81 50
23 05
4 ,1 8 1 29
$58,617 13

P la n , permanent. P a r valu e o f shares, $100. Instalm ents are 25 cents
weekly.
Shares in fo rce J anu ary 1, 1917, 2,618; shares issued durin g the year, 536;
shares w ithdraw n du rin g th e year, 56 4 ; shares in force, 2,590. B orrow in g
mem bers, 148, h oldin g 1,380 shares; non-borrow ing members, 188, h oldin g
1,210 shares. Fem ale shareholders, 155, h oldin g 1,059 shares. T ota l d iv i­
dends credited members du rin g the year on instalm ent shares, $5,954.01; rate,
5 % per cent.
N o unpaid w ithdraw als. A m oun t o f shares m atured du rin g th e year,
$11,035.37. Entrance fee, 25 cents per share. O perating expenses, as defined
in section 390 o f th e B anking Law , incurred and paid du rin g th e year,
$557.15. U npaid, none.
Prem ium plan, gross. Interest paid b y borrow in g members, 5.72 per cent.
P rem iu m paid b y b orrow in g members, 1 per cent.
L oan s have been m ade in M adison county, N ew Y ork State.
L argest
m ortga ge loan outstnding $6,000. M ortgages in force in N ew Y o rk State,
$109,700. N o foreclosures durin g the year.




M adison C ounty

191

ONEIDA SAVING, BUILDING AND LOAN ASSOCIATION
N o. 70 M ain street, Oneida, N . Y.
[Organized
Officers
President.......................
Secretary.....................
Treasurer...................
Attorney.....................

under Law of 1851. Commenced business 1887]
Names
Post-office addresses
GEORGE
W. BUTCHER......................
Oneida, N. Y.
P. H. MUNZ........................................................ Oneida, N. Y.
F. E. WEBSTER...............................................
Oneida, N. Y.
JOSEPH BEAL.................................................
Oneida, N. Y.

(ASSETS!
Loans on bond and m ortg a g e.................................................................
L oan on sh a res...........................................................................................
Cash on hand and in b a n k .......................................................................
F u rn itu re and fix tu res..............................................................................
Interest, prem ium , fees and fines due and u n p a id .........................

$96,555
905
1,012
239
48

00
00
11
45
38

$98,759 94
LIAB ILITIES
Due shareholders, d u es............................................................................
D ue shareholders, dividends cred ited .................................................
B orrow ed m oney .......................................................................................
U ndivided profits .......................................................................................
G uaranty fun d (as per section 392 of B anking L a w ) ................

$76, 563 13
10,059 05
9, 400 00
276
2 ,7 3 5 00
$98, 759 94

RECEIPTS
Cash on hand J anu ary 1, 1917............................................................
Dues credited t o m em bers.....................................................................
M oney borrow ed .........................................................................................
M ortgages redeemed, foreclosed o r transferred t o real e s t a t e ..
Loans on shares re p a id ............. ..............................................................
Fines received ..............................................................................................
Interest received .......................................................................................
Dividends retained on w ith d raw als...................................................

$639 05
37,867 33

8,000 00
15,325
1,3 00
18
5 ,9 31
296

00
00
91
94
26

$69,378 49
DISBURSEM ENTS

Loaned on m o rtg a g e ..................................................
Loaned on shares.......................................................................................
Dues repaid on w ith draw al, or applied on lo a n s ...........................
P a id m atured sh a res................................................................................
D ividends p a id on w ithdraw al, or applied on lo a n s ....................
P aid borrow ed m oney and p rior m ortga ges..................................
P ain interest on borrow ed m oney and p rior m ortga ges.............
P a id salaries and clerk -h ire...................................................................
P a id advertising, prin tin g and p osta ge.............................................
P aid rent ......................................................................................................
P aid banking departm ent, exam ination .............................................
P aid banking departm ent, assessm ent...............................................
Officers’ bonds ...........................................................................................
State League d u es.......................................................................................
Insurance ......................................................................................................
L ig h t.................................................................................................................
Cash on hand Decem ber 31, 1917..........................................................




$12,7 0 0
900
22, 601
15,156
1,306
14,050
767
700
36
72
37
6
12
6
2
10
1,012

00
00
27
89
21
00
52
00
95
00
75
99
00
00
60
20
11

$69,378 49

192

R

eport

on

S a v in g s

and

L

oan

A

s s o c ia t io n s

Plan, permanent. P a r value o f shares, $100 and $105. Instalm ents are 25
cents weekly.
Shares in fo rce Ja n u a ry 1, 1917, 3,483; shares issued du rin g the year, 534;
shares w ith draw n du rin g the year, 982; shares in force, 3,035. B orrow in g
m em bers, 70, holding 1,008 shares; non-borrow ing mem bers, 264, h oldin g
2,027 shares. Fem ale shareholders, 105, h oldin g 793 shares. T ota l dividends
credited members du rin g the year on instalm ent shares, $4,505.47; rate 6
per cent.
N o unpaid w ithdraw als.
A m oun t o f shares m atured d u rin g th e year,
$15,156.89. O perating expenses, as defined in section 390 o f the Banking
Law , in curred and p a id d u rin g th e year, $839.75. U n paid, none.
P rem ium plan, prem ium -interest. In terest pa id b y b orrow in g members,
5 18/25 per cent. N o prem ium charged.
L oans have been m ade in M adison and Oneida counties, New Y o rk State.
L a rg est m ortgage loan outstanding, $ 4,500. M ortgages in force in N ew Y ork
State, $96,555. N o foreclosures du rin g the year.

MONROE COUNTY
COLUMBIA BANKING, SAVING AND LOAN ASSOCIATION
N o. 337 G regory street, R ochester, N . Y .
[Organized
Officers
.
President.....................
Financial Secretary..
Treasurer....................
Attorneys...................

under Law o f 1861. Commenced business 1984]
Names
Post-office addresses
EDWARD W ALLIS.................
80 Alexander Street.
H. P. REIBLING.....................
302-308 Granite Building.
LAWRENCE OBERLIES------ 704 Clinton Avenue, South.
MORRIS & MORRIS.................
301-302 Ellwanger & Barry
Building.

ASSETS
L oan s on bond and m o rtg a g e................................................................. $ 1 ,1 8 9 ,2 0 0
L oan s on shares............................................................................................
500
Stocks and b o n d s.........................................................................................
2 4 ,3 1 0
R eal e s t a t e .....................................................................................................
2 0 ,59 3
Cash on hand and in b a n k ........................................................................
5 7 ,2 3 9

LIABILITIES
D ue shareholders, d u es..............................................................................
D ue shareholders, dividends cred ited ....................................................
B alance t o he paid borrow ers on m ortgage lo a n s ...........................
U ndivided p r o f i t s .......................................................................................
G uaran ty fun d (as per section 392 o f B anking L a w ) .................
Unearned o r rebatable p rem iu m ............................................................
M ortgage paym ents ...................................................................................

00
00
00
68
78

$ 1 ,2 9 1 ,8 4 3 46
—
-----------$997,249 44
126,197 64
900 00
36 ,28 3 50
6 5 ,0 0 0 00
6 2 ,4 7 2 88
3 ,7 4 0 00

$ 1 ,2 9 1 ,8 4 3 46
RECEIPTS
= = = = = = =
Cash on hand Janu ary 1, 1917...............................................................
$112,307 49
D ues credited t o m em bers........................................................................
426,2 4 7 56
M ortgages redeemed, foreclosed o r transferred to real e s t a t e ..
2 5 4 ,8 5 0 00
R eal estate s o ld ......... ..................................................................
5 ,8 0 0 0 0
Fees r e c e iv e d ................................................................................................
232 00
F ines r e e e iv e d ............................................................................................ •
510 58
In terest received . . . ' ...................................................................................
5 9,331 11
Prem iu m r e c e iv e d .......................................................................................
19 ,57 5 00
R en t received ..............................................................................................
1 ,9 23 59
M ortga ge p a y m e n ts ....................................................................................
1 ,8 9 0 00
Judgm en t .......................................................................................................
5 0 00




$882,717 33

M onroe County
DISBURSEMENTS
Loaned on m o rtg a g e..................................................................................
Dues repaid on w ithdraw al, or applied on lo a n s...........................
P a id matured shares................................................................................
D ividends paid on w ithdraw al, or applied on lo a n s ....................
Cash dividends paid on incom e and accum ulative prepaid
shares .........................................................................................................
P a id fo r real esta te..................................................................................
P aid salaries and clerk-h ire...................................................................
P aid advertising, prin tin g and posta ge.............................................
P a id rent ......................................................................................................
P aid repairs to real esta te.....................................................................
P aid taxes, insurance, e t c .......................................................................
P a id banking departm ent, exam in ation .............................................
P a id banking departm ent, assessm ent...............................................
Officers’ bonds .............................................................................................
Rent, safe deposit b o x ................................................................................
Prem ium r e f u n d e d .....................................................................................
L iberty bonds pu rch ased.........................................................................
Cash on hand Decem ber 31, 1917..........................................................

193
$301,200
325,154
119,749
14,539

00
25
25
87

11,086
9 ,9 7 9
2 ,4 11
177
120
2 ,0 6 9
870
113
76
36
3
12,880
2 5,000
57,239

24
76
50
98
00
54
65
35
61
00
00
55
00
78

$882,717 33
Plan, permanent. P a r value o f shares, $100. Instalm ents are 25 cents
weekly.
Shares in force Janu ary 1, 1917, 3 0 ,2 0 0 % ; shares issued during the year,
5,104; shares w ithdraw n durin g the year, 6,274; shares in force, 29,030% .
B orrow in g members, 527, holding 10,562 shares; non-borrow ing members,
1,609, holding 18,468% shares. Fem ale shareholders, 1,009, h oldin g 10,631
shares. T ota l dividends credited members during the year on instalm ent
shares, $46,077.06; rate, 6 per cent. T ota l dividends credited o r paid in cash
to members du rin g the year on other shares, $11,086.24; rate, 5 per cent.
N o unpaid w ithdraw als. A m oun t o f shares m atured du rin g the year,
$119,749.25. Mem bership fee, 50 cents. O perating expenses, as defined in
section 390 o f the Banking Law , incurred and pa id during th e year, $2,748.48.
Unpaid, none.
Prem ium plan, gross. Interest paid b y b orrow in g members, 5% per cent,
and 6 per cent. Prem ium paid b y borrow in g members, $10 per share.
Loans have been made in M onroe county, New Y ork State. L argest m ort­
gage loan outstanding, $24,000. M ortgages in force in N ew Y ork State,
$1,189,200. F ou r foreclosures during the year.

CONSOLIDATED SAVING AND LOAN ASSOCIATION
N o. 8 T rian gle B u ildin g, Rochester, N . Y .
[Organized
Officers
President.....................
Secretary....................
Treasurer...................
Attorney.....................

under Law of 1851. Commenced business 1889]
Names
Post-office addresses
LOUIS C. LANGIE.....................................................
Rochester.
WILLIAM G. WOODWORTH..................................
Rochester.
CHARLES C. ZO L L E R ............................................ Rochester.
EMIL LUDEKENS.....................................................
Rochester.
ASSETS

Loans on bond and m ortg a g e.................................................................
R eal e s t a t e ....................................................................................................
Cash on hand and in b a n k .....................................................................
Furn itu re and fixtu res............................................................................
R ent assigned ............................................................................................

$250,425
1,509
3 ,010
215
30

00
20
57
40
00

$255,190 17

7




194

R eport

on

Savings

and

L oan A ssociations

LIABILITIES
D ue shareholders, d u es..............................................................................
D ue shareholders, dividends cred ited ...................................................
B orrow ed m o n e y ..............................................................
U ndivided p r o f i t s .......................................................................................
G uaranty fund (as per section 392o f B anking L a w ) ................

$196,277
44,151
3 ,0 0 0
4 ,2 1 4
7 ,5 4 6

51
40
00
41
85

$255,190 17
RECEIPTS

Cash on hand Janu ary 1, 1917...............................................................
Dues credited to m em bers.......................................................................
M oney b o r r o w e d ..................................................................................
M ortgages redeemed, foreclosed or transferred to real esta te. .
F ines received . . t ......................................................................................
In terest r e c e iv e d .........................................................................................
R e f u n d ............................................................................................................

$18,157
47 ,57 9
18,000
5 7 ,35 0
142
14,124
1

77
90
00
00
30
37
00

$155,355 34
DISBURSEMENTS
Loaned on m ortg a g e..................................................................................
Dues repaid on w ithdraw al, o r applied on lo a n s.............................
D ividends p a id on w ithdraw al, or applied on lo a n s .. . . .........
P a id borrow ed m oney and p rior m ortga ges....................................
P a id interest on borrow ed m oney and p rior m ortga ges..............
P a id fo r real esta te..................................................................................
P a id salaries and clerk -h ire...................................................................
P a id advertising, p rin tin g and p osta ge............................................
P a id rent ......................................................................................................
P a id taxes, insurance, e t c .......................................................................
P a id banking departm ent, exam ination .............................................
P a id banking departm ent, assessm ent...............................................
State League dues and expenses to con vention ...............................
A u d i t o r ...........................................................................................................
E xam inin g property ................................................................................
Inspectors o f e lection ................................................................................
P e n s ......................................................................
In k ..................................................................................................................
Insurance ......................................................................................................
F l o w e r s ...........................................................................................................
Rent a s sig n m e n t.........................................................................................
Insurance advanced ..................................................................................
Expenses o f foreclosu re............................................................................
Cash on hand December 31, 1917..........................................................

$92,000 00
3 1 ,4 3 9 74
8 ,1 79 91
16,500 00
182 50
1,509 20
1,6 64 00
5181
200 00
12 60
57 81
14 84
19 10
50 00
165 05
1 50
1 50
75
22 07
85
30 00
81 30
160 24
3 ,0 10 57
$155,355 34

Plan, permanent. P a r value o f shares, $100 and $125. Instalm ents are
25 cents weekly.
Shares in force January 1, 1917, 4,206; shares issued during the year, 1,123;
shares w ithdraw n during the year, 746; shares in force, 4,583. B orrow ing
members, 120, holding 2,499 shares; non-borrow ing members, 263, holding
2,084 shares. Fem ale shareholders, 138, h olding 849 shares. T otal dividends
credited members during the year on instalm ent shares, $12,807.03; rate, 6
per cent.
N o unpaid w ithdraw als. O perating expenses, as defined in section 390 o f
the Banking Law, incurred and paid during the year, $2,176.73. Unpaid, none.
N o prem ium plan. Interest paid by borrow ing members, 12 cents per share
per week. N o prem ium charged.
Loans have been made in M onroe county, N ew Y ork State. L argest m ort­
gage loan outstanding, $26,000.
M ortgages in force in New Y ork State,
$250,425. One foreclosure during the year.




M onroe County

195

DESPATCH CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION
E yer Block, East Rochester, N. Y .
[Organized under Law of 1894. Commenced business 1908]
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................

Names

Post-office addresses
East Rochester.
East Rochester.
East Rochester.
East Rochester.

B. J. FRYATT..................................................
B. R. ERW IN..................................................
A. H . BO WIN..................................................
LEO J. RICE...................................................

ASSETS
Loans on bond and m ortg a g e.................................................................
Loans on shares...................................... ..................................................
Instalm ents due and unpaid...............................................

Interest, premium, fees and fines due and unpaid_
_

$ 4 1 ,9 0 0 00
1 ,4 4 5 00

$69 00

....

64 00

$43,345 00
L IA B IL IT IE S

Due shareholders, du es..............................................................................
D ue shareholders, dividends cred ited ...............................................
Balance to be paid borrow ers on m ortgage lo a n s.......................
B orrow ed m oney .......................................................................................
U ndivided profits .......................................................................................
G uaranty fun d (a s per section 392 o f B anking Lawr) ................
O verdraft ......................................................................................................
Prem ium on b o n d s.......................................................................................

$33,6 3 0
5 ,0 95
275
2 ,0 0 0
1,923
372
36
11

25
98
25
00
73
04
75
00

$43,345 00
RECEIPTS

Cash on hand January 1, 1917............................................................
Dues credited to m em bers.....................................................................
M oney borrow ed .........................................................................................
M ortgages redeemed, foreclosed or transferred t o real e s t a t e ..
Fines received ...........................................................................................
Interest received .......................................................................................
Prem ium received ....................................................................................
O verdraft ......................................................................................................

$2,308
7,5 45
4 ,3 0 0
4 ,5 0 0
21
2 ,7 57
6
36

2!)
72
00
00
97
00
00
75

$21,475 73
DISBURSEMENTS

Loaned on m o rtg a g e................................................................................
Dues repaid on w ithdraw al, or applied on lo a n s .............................
D ividends paid on w ithdraw al, or applied on loa n s.......................
Cash dividends paid on incom e and accum ulative prepaid
shares ........................................................................................................
P a id borrow ed m oney and p rior m ortga ges..................................
P aid interest on borrow ed m oney and p r io r m ortga ges...........
P aid salaries and clerk -h ire................................................................
P aid advertising, prin tin g and p osta ge..........................................
P a id banking departm ent, exam ination ..........................................
P a id banking departm ent, assessm ent..............................................

$ 3,104 25
7,3 14 81
1,289 67
15
9 ,3 0 0
254
150
12
31
8

00
00
41
00
44
35
80

$21,475 73
Plan, permanent. P ar value o f shares, $100. Instalm ents are 50 cents
m onthly.
Shares in force Janu ary 1, 1917, 1,173; shares issued during the year, 5 7 ;
shares w ithdraw n durin g the year, 21 4 ; shares in force, 1,016. B orrow ing




196

R eport

on

Savings

and

L oan A ssociations

members, 28, h oldin g 402 shares; non-borrow ing mem bers, 38, h oldin g 614
shares. Fem ale shareholders, 9, holding 128 shares. T ota l dividends credited
mem bers du rin g the year on instalm ent shares, $1,752.15; rate, 5 per cent.
T o ta l dividends credited or paid in cash to mem bers during th e year, on
other shares, $15; rate, 5 per cent.
N o unpaid w ithdraw als.
Mem bership fee, $1.
O perating expenses, as
defined in section 390 o f th e Banking Law , incurred and paid durin g the
year, $162.44. O perating expenses, as defined in section 390 o f the Banking
Law , incurred du rin g the year and rem aining unpaid, $11. P rem ium plan,
instalm ent. In terest paid b y b orrow in g members, 6 per cent. N o prem ium
charged.
L oan s have been m ade in M onroe county, N ew Y o rk State. L a rg est m ort­
ga ge loan outstanding, $2,200. M ortgages in force in N ew Y ork State,
$41,900. N o foreclosures du rin g the year.

DIME BANKING AND LOAN ASSOCIATION
N o. 938 Clinton avenue, N orth, Kochester, N . Y .
{Organized
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................

under Law o f 1851. Commenced business 1886]
Names
Post-office addresses
FERDINAND SCHWAB.........
8 La Force Street.
ALE X. H. G EFELL.................... 105
Huntington Park.
CHRIS JESSEN........................... 875
Clinton Avenue, North.
ROBERT B. W ICKES................
47 So. Fitzhugh Street.

ASSETS
Loans on bond and m ortg a g e.................................................................
Cash on hand and in b a n k .....................................................................

$27 2,0 5 6 00
5 ,081 72
$277,131 72

LIABILITIES
D ue shareholders, du es......................
D ue shareholders, dividends cred ited ...............................................
U ndivided profits .....................................................................................
G u a ra n ty fund (a s per section 392 o f B anking L a w ) ................
Unearned o r rebatable prem iu m ........................................................

$220,091
24 ,41 1
14,675
12,000
5 ,9 5 3

09
91
25
00
47

$277,131 72
RECEIPTS

Cash on hand January 1, 1917............................................................
Dues credited t o m em bers......................................................................
M on ey borrow ed .......................................................................................
M ortgages redeemed, foreclosed or transferred to real esta te. .
Fees r e c e iv e d ................................................................................................
F in es received ...........................................................................................
In terest r e c e iv e d .........................................................................................

$11,339
56 ,15 2
5 ,0 0 0
4 2 ,7 0 0
115
85
15,089

76
68
00
00
50
96
32

$130,483 22
DISBURSEMENTS
L oaned on m o rtg a g e............................... ...................................................
Dues repaid on w ithdraw al, or applied on lo a n s.........................
D ividends paid on w ithdraw al, or applied on lo a n s ....................
Cash dividends p a id on incom e and accum ulative prepaid
shares........................................... ................................................................
P a id borrow ed m oney and p rior m ortga ges..................................
P a id interest on borrow ed m oney and p rior m ortga ges...........
P a id salaries and clerk -h ire.................................................................
P a id advertising, p rin tin g and posta ge.............................................
P a id ren t .......................................................................................................




$60,900 00
48,461 17
5 ,7 7 9 19
2 ,5 6 5
5 ,0 0 0
115
1 ,7 75
119
60

00
00
00
00
55
00

M onroe County
P aid banking departm ent, exa m in a tion ...........................................
P aid banking departm ent, assessm ent...............................................
Prem ium rebated .......................................................................................
Cash on hand Decem ber 31, 1917........................................................

197
$37
16
572
5 ,0 81

50
67
42
72

$130,483 22
Plan, permanent. P a r value of shares, $100. Instalm ents are 10 cents
weekly.
Shares in fo rce January 1, 1917, 6 ,8 3 3 % ; shares issued during the year,
1,155; shares w ithdraw n during the year, 920; shares in force, 7,068% .
B orrow in g members, 169, h oldin g 2,750% shares; nonborrow ing members,
506, holdin g 4,318 shares. Fem ale shareholders, 343, h oldin g 5,119% shares.
T ota l dividends credited mem bers du rin g the y ea r on instalm ent shares,
$3,086.33; rate, 6 % per cent. T o ta l dividends credited o r pa id in cash to
members durin g the yea r on oth er shares, $7,956.92; rate, 5 % per cent, and
6 per cent.
N o unpaid w ithdraw als.
Entrance fee, 10 cents per share. Operating
expenses, as defined in section 390 o f the B anking Daw, incurred and paid
during the year, $1,954.55. Unpaid, none.
Prem ium plan, gross. N o prem ium plan. Interest paid b y borrow in g
members, 5 % per cent and 6 per cent. Prem ium paid b y b orrow in g members,
10 per cent.
Loans have been made in M onroe county, N ew Y ork State. Largest m ort­
gage loan outstanding, $13,200. M ortgages in force in N ew Y ork State,
$272,050. N o foreclosures durin g the year.

EQUITY CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION
N o. 92 P ortland avenue, Rochester, N . Y .
[Organized
Officers
President......................
Secretary......................
Treasurer....................
Attorneys......................

under Law of 1894. Commenced business 1894]
Names
Post-office addresses
PETER W . SEILER..................................................... Rochester.
GEORGE A. EERTINGER........................................... Rochester.
FRANK J. SCHWALB.................................................
Rochester.
LEWIS, M cKAY & BOWN.........................................
Rochester.
ASSETS

Loans on bond and m ortg a g e.................................................................
Loans on shares...........................................................................................
Cash on hand and in b a n k .....................................................................
Furniture and fixtu res..............................................................................

$143,676
832
13,996
200

00
00
07
00

$158,704 07
LIABILITIES

D ue shareholders, d u es............................................................
Due shareholders, dividends cred ited ..................................
Undivided profits .....................................................................
G uaranty fund (as per section 392 o f B anking L a w )

$128,961
2 4 ,7 2 2
55
4 ,9 6 5

04
92
11
00

$158,704 07
RECEIPTS

Cash on hand January 1, 1917..........................................................
Dues credited to m em bers............................................................ * *
M ortgages redeemed, foreclosed or transfered to real esta te. .
Loans on shares re p a id .........................................................................
Fees r e c e iv e d ................................................................... . ! ! ! . ! ! ! . "
Fines received .................................................................] ! ! ! . ! . ! ! ! .
Interest r e c e iv e d ........................................................




$19,849
73,111
2 5 ,59 8
1,092
28
22

24
00
00
00
50
55

8 ,8 0 9 2 8

$128,510 57

198

R eport

on

Savings

and

L oan A ssociations

DISBURSEMENTS
Loaned on m o rtg a g e...................................................................................
Loaned on shares.........................................................................................
D ues repaid on w ithdraw al, or applied on lo a n s ...........................
D ividends p a id on w ithdraw al, or appiled on loa n s....................
P a id salaries and clerk -h ire..................................................................
P a id advertising, p rin tin g and posta ge.............................................
P a id rent ......................................................................................................
P a id banking departm ent, exam ination .............................................
P a id banking departm ent, assessm ent...............................................
Officers’ b o n d s ..............................................................................................
State League du es.....................................................
H old up in su rance.......................................................................................
F in ance c o m m it t e e .....................................................................................
Cash on hand Decem ber 31, 1917..........................................................

$31,512
1 ,0 4 0
7 3 ,6 0 9
7 ,2 49
896
15.
106
35
10
10
6
20
3
13,996

00
00
80
37
50
26
00
67
38
00
00
52
00
07

$ 1 28,510 57

P la n , permanent. P a r value of shares, $104. Instalm ents are 10 cents, 15
cents and 25 cents w eekly.
Shares in fo rce Janu ary 1, 1917, 5,703; shares issued du rin g the year, 513;
shares w ith draw n du rin g the year, 3 3 ; shares in force, 6,183. B orrow in g
members, 64, h oldin g 1,381 shares; n on-borrow ing members, 323, h oldin g
4,802 shares. Fem ale shareholders, 120, holdin g 1,217 shares. T ota l dividends
credited members du rin g the year on instalm ent shares, $7,473.15; rate, 6
per cent.
N o unpaid w ithdraw als. M em bership fee, 50 cents. O perating expenses,
as defined in section 390 o f the Banking Law , incurred and p a id du rin g the
year, $1,057.28. U npaid, none.
Prem ium plan, prem ium -interest. In terest paid b y b orrow in g members, 5
per cent and 6 per cent. N o prem ium charged.
Loans have been m ade in M onroe county, N ew Y ork State. L a rg est m ort­
gage loan outstanding, $12,480. M ortgages in force in N ew Y o rk State,
$143,676. N o foreclosures du rin g the year.

FAIRPORT PERMANENT LOAN ASSOCIATION
F a irp ort, N . Y .
[Organized under Law of 1851.

Commenced business 1888]

Officers
Names
Post-office addresses
President..................... WILLIAM A. BEETON.................................. Fairport, N. Y.
Secretary..................... E. C. SNOW..................................................... Fairport, N. Y.
Treasurer......................
GEORGE G. MULLINER................................ Fairport, N. Y.
Attorney...................... E. J. F IS K ....................................................... Fairport, N. Y.
ASSETS
Loans on bond and m ortg a g e.................................................................
R ea l estate ..................................................................................................
Cash on hand and in b a n k .....................................................................
F u rn itu re and fixtu res..............................................................................
Instalments due and Unpaid.........................................
$130 (0
Interest, premium, fees and fines due and unpaid..
261 80

$69,200
3 ,4 1 2
4 ,7 7 5
100

00
80
92
00

$77,4 8 8 72
LIABILITIES
D ue shareholders, d u e s ..............................................................................
D ue shareholders, dividends cred ited ...............................................




$ 5 7 ,1 8 8 95
13,105 48

M onroe County
B orrow ed m oney .......................................................................................
U ndivided profits .......................................................................................
G uaranty fund (a s per section 392 o f Banking L a w ) ..................

199
$2 ,50 0 00
2, 521 31
2 ,1 7 2 98
$77,488 72

RECEIPTS

Cash on hand January 1, 1917..............................................................
Dues credited to m em bers.......................................................................
M oney borrow ed .........................................................................................
M ortgages redeemed, foreclosed or transferred to real e s t a t e ..
Fees r e c e iv e d ................................................................................................
Fines received .............................................................................................
Interest received .......................................................................................
Prem ium r e c e iv e d ........... ...........................................................................
D ividends retained on w ith d raw als...................................................

$9 44
23, 243 01
2, 500 00
16, 200 00
23 40
110 96
3 ,5 2 0 54
1,357 52
5178
$47,016 65

DISBURSEMENTS

Loaned on m ortg a g e..................................................................................
Dues repaid on w ithdraw al, or applied on loa n s.........................
P a id m atured sh ares................................................................................
Dividends paid on w ithdraw al, or applied on lo a n s....................
P a id borrow ed m oney and p rior m ortga ges....................................
P a id interest on borrow ed m oney and p rior m ortga ges...........
P a id fo r real esta te..................................................................................
P a id salaries and clerk -h ire...................................................................
P a id advertising, prin tin g and p osta ge.............................................
P a id banking departm ent, exa m in a tion ..........................................
P aid banking departm ent, assessm ent...............................................
Insurance ......................................................................................................
Cash on hand Decem ber 31, 1917..........................................................

$7,900
16,459
10,542
1 ,1 94
1 ,9 00
92
3 ,6 0 5
454
33
38
5
16
4, 775

00
17
27
02
00
29
24
00
65
40
64
05
92

$47,016 65
Plan, permanent. P a r value o f shares, $100. Instalm ents are 10 cents and
25 cents weekly.
Shares in fo rce Janu ary 1, 1917, 1,887; shares issued during the year, 234;
shares w ithdraw n durin g th e year, 353; shares in force, 1,768. B orrow ing
members, 56, h oldin g 692 shares; non-borrow ing members, 107, h oldin g 1,076
shares. Fem ale shareholders, 54, h oldin g 356 shares. T ota l dividends cred­
ited members du rin g the year on instalm ent shares, $3,902.42; rate, 6 per
cent.
N o unpaid w ithdraw als.
A m oun t o f shares m atured durin g the year,
$10,541.94. Entrance fee, 10 cents per share. O perating expenses, as defined
in section 390 o f the Banking Law , incurred and paid du rin g the year,
$487.65. U npaid, none.
Prem ium plan, instalm ent. In terest paid b y b orrow in g members, 10 cents
per share per week. Prem ium paid by b orrow in g members, 4 cents per share
per week.
Loans have been m ade in M onroe county, N ew Y ork State. Largest m ort­
gage loan outstanding, $2,100. M ortgages in force in N ew Y ork State,
$69,200. Three foreclosures d u rin g th e year.




200

R eport

on

Savings

and

L oan A ssociations

GENESEE FALLS PERMANENT SAVINGS AND LOAN ASSOCIATION
N o. 368 Clinton avenue, N orth, R ochester, N . Y .
[Organized
Officers
President....................
Secretary.....................
Treasurer...................
Attorney.....................

under Law of 1851. Commenced business 1887]
Names
Post-office addresses
JOSEPH KIPPHUT............................... 563Garson Avenue.
HENRY W. MARTENS......................... 517E. & B. Building;
DENNIS COFFEY.................................
27Emmett Street.
HENRY W. MARTENS......................... 517E. & B. Building.

ASSETS
L oan s o n bonds and m ortg a g e...............................................................
Cash on hand and in b a n k .....................................................................
In terest, prem ium , fees and fines due and u n p a id .........................

$14,- 650 00
214 30
125 40
$14,989 70

LIABILITIES
D ue shareholders, d u e s ............................................................................
D ue shareholders, dividends cred ited...............................................
U ndivided profits .....................................................................................
G uaranty fu n d (a s p er section 392 o f B anking L a w ) .................
U nearned o r rebatable prem iu m ..........................................................

$11,995
1, 648
88
937
319

52
76
30
75
35

$14,989 70
RECEIPTS
Cash on hand Janu ary 1, 1917............................................................
D ues credited t o m em bers.....................................................................
M ortgages redeemed, foreclosed or tran sferred to real e s t a t e ..
In terest reecived .......................................................................................

$2,211
1,0 23
100
798

44
90
00
01

$ 4 .13 3 35
DISBURSEMENTS
D ues rep aid on w ith draw al, or applied on lo a n s ...........................
D ividends p a id on w ith draw al, o r applied on lo a n s ......................
Cash dividends pa id on incom e and accum ulative prepaid
shares .........................................................................................................
P a id salaries and clerk -h ire.................................................................
P a id advertising, p rin tin g a nd p osta g e...........................................
P a id re n t ....................................................................................................
P a id banking departm ent, exa m in a tion ...........................................
P a id banking departm ent, assessm ent...............................................
Cash on hand D ecem ber 31, 1917........................................................

$2 ,86 5 50i
154 27
321
507
3
38
26
2
214

28
25
50
75
50
00
30

$ 4 ,13 3 35
P la n , permanent. P a r valu e o f shares, $100. Instalm ents are 10 cents
w eekly.
Shares in fo rce J a n u a ry 1, 1917, 316; shares issued during th e year, n on e;
shares w ithdraw n du rin g the year, 5 3 ; shares in force, 263. B orrow in g m em ­
bers, 8, h old in g 131 shares; n on-borrow ing members, 18, h oldin g 132 shares.
Fem ale shareholders, 5, h old in g 61 shares. T ota l divdend3 credited mem bers
du rin g the year on instalm ent shares, $244.52; rate, 5 per cent. T ota l d iv i­
dends credited or pa id in cash to members du rin g the year on other shares,
$339.91; rate, 4 % per cent.
N o u n paid w ithdraw als. Entrance fee, 10 cents per share.
O perating
expenses, a s defined in section 390 o f the Banking Law , incurred and p a id
d u rin g th e year, $549.50. Unpaid, none.
<




M onroe County

201

Prem ium plan, gross. In terest paid b y b orrow in g members, 5 % per cent.
Prem ium pa id b y b orrow in g members, 5 per cent.
Loans have been m ade in M onroe county, N ew Y ork State. L argest m ort­
gage loan outstan din g, $4,000. M ortgages in fo rce in N ew Y ork State,
$14,650. N o foreclosures du rin g the year.

HOME BUILDERS’ CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION
N o. 236 State street, Rochester, N . Y .
[Organized
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................

under Laws of 1909. Commenced business 1910]
Names
Post-office addresses
PRANK H. CLEMENT........................
46
Lorimer Street.
WILLIAM W. W ALKER....................
168 Augustine Street.
JAMES M. HARRISON........................
300Frank Street.
CURTIS FITZSIMONS........................
721 Powers Building.

ASSETS
Loans on bond and m ortg a g e................................................. ...............
Cash on hand and in b a n k .....................................................................

$ 37,600 00
1,765 30
$39,365 30

LIABILITIES
Due shareholders, d u es............................................................................
D ue shareholders, dividends cred ited .................................................
Balance to be pa id borrow ers on m ortgage lo a n s .........................
U ndivided profits .......................................................................................
G uaranty fun d (as per section 392 o f Banking L a w ) ..................

$30,159
4 ,887
1 ,5 00
2, 383
434

95
77
00
53
05

$39,365 30
RECEIPTS
Cash on hand Janu ary 1, 1917............................................................
Dues credited to m em bers.......................................................................
M ortgages redeemed, foreclosed o r tran sferred t o real esta te. .
Fees received ..............................................................................................
Fines received .............................................................................................
In terest received .......................................................................................
D ividends retained on w ith draw a ls...................................................

$308
5, 886
4, 200
11
10
2 ,0 38
87

47
45
00
54
46
47
36

$12,542 75
DISBURSEMENTS
Loaned on m o rtg a g e................................................................................
Dues repaid o n w ith draw al, or applied on lo a n s ...........................
D ividends p a id on w ithdraw al, or applied on lo a n s .......................
P a id salaries and clerk -h ire.................................................................
P aid advertising, p rin tin g and p osta ge...........................................
P a id banking departm ent, exam ination ..........................................
P aid banking departm ent, assessm ent...............................................
Officers’ bonds ...........................................................................................
B ox ren t ......................................................................................................
Cash o n hand Decem ber 31, 1917........................................................

$ 7 ,40 0 00
3 ,2 0 9 00
I l l 61
15 00
175
28 00
3 09
4 00
5 00
1,765 30
$12,542 75

Plan, permanent. P a r value o f shares, $200. Instalm ents are $1 m onthly.
Shares in fo rce Janu ary 1, 1917, 51 0 ; shares issued d u rin g the year, 5 6 ;
shares w ithdraw n du rin g the year, 4 9 ;
shares in force, 517. B orrow in g
members, 20, holding 202 shares; non-borrow ing members, 43, holding 315




202

R eport

ok

Savings

and

L oan A ssociations

shares. Fem ale shareholders, 14, holdin g 88 shares.
T o ta l dividends cred­
ited members du rin g the y ea r on instalm ent shares, $1,536.97; ra te, 5 %
per cent.
N o unpaid w ithdraw als. Entrance fee, 25 cents p er share. O perating ex­
penses, as defined in section 396 o f th e B anking Law , incurred and p a id
du rin g the year, $25.75. U npaid, none.
Prem ium plan, prem ium -interest. Interest p a id b y b orrow in g members, 6
per cent. N o prem ium charged.
Loans have been made in M onroe county, N ew Y ork State. L argest m ort­
gage loan outstanding, $2,800. M ortgages in force in N ew Y o rk State,
$36,100. N o foreclosures du rin g the year.

HOMESTEAD LOAN ASSOCIATION
N o. 806 Pow ers B u ildin g, R ochester, N . Y .
[Organized
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney......................

under Law o f 1851. Commenced business 1881]
Names
Post-office
WILLIAM LOVE................................
Rochester.
GEORGE W. COLBURN....................
204 Granite
GEORGE W. THOMAS....................... 806 Powers
GEORGE W. THOMAS....................... 806 Powers

addresses
Building.
Building.
Building.

ASSETS
Loans on bond and m ortg a g e...............................................................
Shares o f Land Bank o f S tate o f N ew Y o r k ..................................
R eal estate ..................................................................................................
Cash o n hand and in b a n k .....................................................................
A dvances fo r taxes, insurance, e tc ...................................................

$ 70,689
1 ,0 0 0
192
913
37

32
00
12
93
50

$72,832 87
LIABILITIES
D ue shareholders, d u e s ............................................................................
D ue shareholders, dividends cred ited .................................................
B orrow ed m oney .......................................................................................
•Undivided profits .................. ....................................................................
G uaranty fund (a s per section 392 o f B anking L a w ) ................
Unearned o r rebatable prem iu m ..........................................................
Suspense accounts .....................................................................................

$55,8 7 9
2, 996
8 ,0 0 0
2 ,6 0 4
2 ,2 96
975
80

70
90
00
63
09
00
55

$72, 832 87
RECEIPTS
Cash on hand January 1, 1917...............................................................
Dues credited t o m em bers.......................................................................
M oney borrow ed .......................................................................................
M ortgages redeemed, foreclosed or transferred to real e s t a t e ..
Fees r e c e iv e d ................................................................................................
Fines received ..........................
Interest received .......................................................................................
Prem ium received .....................................................................................
Telephone .....................................................................................................
P ro fit and lo s s ............................................................................................
Suspense accou nt .....................................................................................
D ividends credited ...................................................................................




$383
14,467
3. 000
17,232
67
31
3 ,6 7 2
371

92
55
00
68
65
34
17
90
10
37 10
80 20
2 ,9 3 9 10

$42,283 71

M onroe County
DISBURSEMENTS
Loaned on m o rtg a g e..................................................................................
Dues repaid on w ithdraw al, o r applied on loa n s.........................
P a id m atured shares...............................................................................
D ividends pa id on w ithdraw al, or applied on lo a n s ....................
Cash dividends pa id on incom e and accum ulative prepaid
shares ......................................................................................................
P a id borrow ed m oney and p rior m ortga ges...................................
P a id interest on borrow ed m oney and p rior m ortga ges...........
P a id salaries and clerk-h ire.................................................................
P a id ren t ....................................................................................................
P a id taxes, insurance, e tc .....................................................................
P a id banking departm ent, exam ination ...........................................
P a id bank in g departm ent, assessm ent...............................................
Advances fo r taxes, insurance, e t c ......... '.........................................
A ppraisals ....................................................................................................
Sundry expenses .......................................................................................
D ividends credited and charged to profit and lo s s ......................
D ividends credited in e rro r...................................................................
Rebate* o f prem iu m s................................................................................
Cash on hand Decem ber 31, 1917........................................................

203
$12,400
11,333
5 ,1 45
742

00
55
00
35

1,493
5 ,0 00
599
661
455
44
19
5
37
64
204
2 ,9 3 9
2
222
913

10
00
19
00
00
34
50
56
50
90
69
10
50
50
93

$42,283 71
P lan, permanent. P a r value o f shares, $100. Instalm ents are 10 cents,
15 cents and 25 cents weekly.
Shares in fo rce January 1, 1917, 1,187; shares issued durin g the year, 2 8 3 ;
shares w ithdraw n during th e year, 323; shares in force, 1,147. B orrow in g
members, 39, h oldin g 529 shares; non-borrow ing members, 78, holding 618
shares. Fem ale shareholders, 47, holding 377 shares. T ota l dividends cred­
ited members du rin g the year on instalm ent shares, $1,446; rate, 5 per cent.
T o ta l dividends credited or pa id in cash t o members du rin g the yea r on other
shares, $1,493.10; rate, 5 per cent.
N o unpaid w ithdraw als. A m ount o f shares m atured d u rin g the year,
$5,145. Entrance fee, 25 cents per share. O perating expenses, as defined in
section 390 o f the B anking Law , incurred and pa id du rin g th e year, $1,385.59.
U npaid, none.
Prem ium plan, instalm ent. In terest pa id b y borrow in g members, 10 cents
p er share per week. Prem ium paid b y b orrow in g m em bers, 5 cents per
share per week.
Loans have been m ade in M onroe and W a yn e counties, N ew Y ork State.
Largest m ortgage loan outstanding, $6,500. M ortgages in force in N ew Y ork
State, $70,689.32. One foreclosure during the year.

HUDSON STREET PERMANENT SAYING AND LOAN ASSOCIATION
N o. 517 E llw anger and B arry B u ildin g, R ochester, N . Y .
[Organized
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................

under Law o f 1851. Commenced business 1885]
Names
Post-office addresses
JOHN FRAZER.................................. 224
Wellington Avenue.
HENRY W. MARTENS....................
517
E. & B. Building.
JOHN B. WEGMAN......................... 195
Fernwood Avenue.
HENRY W. MARTENS....................
517
E. & B. Building.

ASSETS
Loans on bond and m ortg a g e.................................................................
Cash on hand and in ba n k .....................................................................




$10,300 00
186 31
$10,486 31

204

R eport

on

Savings

and

L oan A ssociations

LIAB ILITIES
D ue shareholders, d u es..............................................................................
D ue shareholders, dividends cred ited .................................................
U ndivided profits ......................................................................................
G uaran ty fun d (as per section 392 o f Banking L a w ) ..................
U nearned o r rebatable prem iu m ..........................................................

$ 7 ,9 8 4
1 ,317
452
509
222

74
29
18
60
50

$10,486 31
RECEIPTS

= = = = = =

Cash on hand J a n u a ry 1, 1917...............................................................
Dues credited to m em bers........................................................................
In terest r e c e iv e d .........................................................................................

$74 19
799 98
547 50

$ 1,421 67
DISBURSEMENTS
==========
Dues repaid on w ithdraw al, o r applied on lo a n s................................
$729 44
D ividends pa id o n w ith draw al, or applied on lo a n s ........................
29 46
Cash dividends p a id on incom e and accum ulative prepaid
s h a r e s ...........................................................................................................
*62 75
P a id salaries and clerk -h ire...................................................................
369 50
3 25
P a id advertising, p rin tin g and p o sta g e ........................................ . .
P a id r e n t .................................................................................................. '..
12 00
P a id banking departm ent, exa m in a tion .............................................
27 35
P a id banking departm ent, assessm ent.................................................
161
Cash on hand Decem ber 31, 1917........................................................
186 31
$ 1,421 67
Plan, permanent. P a r value o f shares, $100. Instalm ents are 10 cents
weekly.
Shares in force Ja n u a ry 1, 1917, 170; shares issued during th e year, 5 ;
shares w ithdraw n durin g th e year, 2 4 ; shares in force, 151. B orrow in g m em ­
bers, 9, h oldin g 103 shares; n on-borrow ing members, 9, h oldin g 48 shares.
Fem ale shareholders, 9, h oldin g 68 shares. T o ta l dividends credited mem bers
du rin g th e yea r on instalm ent shares, $216.58; rate, 5 per cent. T o ta l d iv i­
dends credited or p a id in cash to mem bers during th e year on other shares,
$92.80; rate, 4 per cent.
N o unpaid w ithdraw als. Entrance fee, 10 cents per share. O perating
expenses, as defined in section 390 o f th e Banking Law , incurred and paid
d u rin g the year, $384.75. U npaid, none.
Premium, plan , gross. In terest paid b y b orrow in g members, 5 % per cent.
Prem ium p a id b y b orrow in g members, 5 per cent.
Loans have been m ade in M onroe county, N ew Y ork State. L argest m ort­
gage loan outstanding, $2,500. M ortgages in force in New Y ork State,
$10,300. N o foreclosures du rin g the year.

PINNACLE AVENUE SAVINGS AND LOAN ASSOCIATION
N o. 842 C lin ton avenue, South, Rochester, N. Y .
[Organized
Officers
President....................
Secretary.....................
Treasurer...................
Attorney.....................

under Law of 1851. Commenced business 1890]
Names
Post-office addresses
CHARLES C. RBHTZ................................................ Rochester.
WILLIAM J. RICHTER........................................... Rochester.
WILLIAM EISENBERG............................................ Rochester.
WILLIAM J. RICH TER...........................................
Rochester.
ASSETS
L oans on bond and m ortg a g e.................................................................
$125,525 00
Cash on hand and in b a n k .......................................................................
6 ,3 6 2 09
Fu rn itu re and fix tu res..............................................................................
50 00




$131,937 09

M onroe County
LIABILITIES
D ue shareholders, d u es..............................................................................
D ue shareholders, dividends cred ited .................................................
Advances b y Land B a n k ..........................................................................
U ndivided p r o f i t s .......................................................................................
G uaran ty fun d (as per section 392 o f Banking L a w ) ................
Unearned o r rebatable prem iu m ............................................................

205
$93,744
16,169
10,000
2 ,7 2 9
5 ,6 0 0
3 ,6 9 2

8,5
54
00
85
00
85

$131,937 09
RECEIPTS
Cash on hand Janu ary 1, 1917............................................................
Dues credited t o m em bers.......................................................................
M ortgages redeemed, foreclosed or transferred to real e s t a t e ..
Fees r e c e iv e d ................................................................................................
Fines r e c e iv e d ..............................................................................................
Interest r e c e iv e d .........................................................................................
Prem ium r e c e iv e d .......................................................................................
D ividends retained on w ith draw a ls......................................................

$10,595
4 5,593
15,700
24
10
6 ,4 83
1,107
134

74
59
00
00
24
25
00
25

$79,648 07
DISBURSEMENTS
Loaned on m o rtg a g e..................................................................................
D ues repaid on w ithdraw al, or applied on lo a n s ...........................
P a id m atured shares..................................................................................
D ividends pa id on w ithdraw als, or applied on lo a n s ....................
P a id borrow ed m oney and p rio r m ortga ges....................................
P a id interest on borrow ed m oney and p rior m ortga ges..............
P a id salaries and clerk-hire...................................................................
P a id rent ......................................................................................................
P a id banking departm ent, exam ination .............................................
P a id banking departm ent, a ssessm en t...............................................
Prem ium r e b a te d .........................................................................................
Books and supplies ..................................................................................
Cash on hand December 31, 1917........................................................

$17,2 0 0
30,026
17,348
829
6 ,0 0 0
528
871
117
19
8
255
82
6 ,3 62

00
29
21
87
00
15
00
00
50
96
00
00
09

$79,6 4 8 07
Plan, permanent. P a r value of shares, $100. Instalm ents are 15 cents
weekly.
Shares in fo rce Janu ary 1, 1917, 1 ,9 1 6 % ; shares issued du rin g the year,
30 1 ; shares w ithdraw n durin g the year, 323; shares in force, 1,894% . B or­
row in g members, 101, holdin g 1,255% shares; non-borrow ing members, 399,
holding 639 shares. Fem ale shareholders, 182, holding 849 shares. T otal
dividends credited members durin g the year on instalm ent shares, $5,409.57;
rate, 5 per cent.
N o unpaid w ithdraw als. A m oun t o f shares m atured during th e year,
$17,348.21. Entrance fee, 25 cents per share. O perating expenses, as defined
in section 390 o f the Banking Law, incurred and paid during the year, $1,070.
U npaid, none.
Prem ium plan, gross. In terest pa id b y b orrow in g members, 10 cents per
share per week. Prem ium paid b y b orrow in g members, $9 per share.
L oan s have been made in M onroe county, N ew Y ork State. Largest m ort­
gage loan outstanding, $5,500. M ortgages in force in N ew Y ork State,
$125,525. N o foreclosures during the year.




206

R eport

on

Savings

and

L oan A ssociations

PROFIT LOAN ASSOCIATION
N o. 448 P ow ers B lock, R ochester, N . Y .
[Organized
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................

under Law o f 1851. Commenced business 1889]
Names
Post-office addresses
LEWIS H. GILBERT.................................... Rochester, N. Y.
WILLIAM J. TRIM BLE............................. Brighton, N. Y.
JOHN H. ASHTON...................................... Rochester, N. Y.
S. C. TRUBSDALE....................................... Rochester, N. Y.

ASSETS
Loans on bond and m o rtg a g e.................................................................
Stocks and b o n d s................... ....................................................................
C ontracts fo r th e sale o f real e sta te ...................................................
R ea l e s t a t e ....................................................................................................
Cash on hand and in b a n k .....................................................................

$ 5 47,600
5 ,0 0 0
6 ,5 5 0
10,877
2 1 ,12 2

00
00
00
14
61

$591,149 75
LIABILITIES
D ue shareholders, du es..............................................................................
D ue shareholders, dividends cred ited .................................................
U ndivided p r o f i t s .......................................................................................
G uaranty fu n d (as per s e ctio n '392 o f B anking L a w ) ................

$396,242
134,998
4 2 ,85 8
17,050

37
45
93
00

$591,149 75
RECEIPTS
Cash on hand Ja n u a ry 1, 1 9 1 7 . . . . . .................................................
D ues credited to m em bers................... ....................................................
M ortgages redeemed, foreclosed or transferred t o real e s t a t e ..
Fees r e c e iv e d ................................................................................................
Fines r e c e iv e d ................................................................
Interest r e c e iv e d .........................................................................................
Prem ium r e c e iv e d .......................................................................................
P rofit and loss ............................................................................................

$75,2 0 8
133,963
7 8 ,90 0
13
97
2 3 ,0 2 7
9 ,8 7 4
27

35
57
00
75
07
39
91
81

$321,112 85
DISBURSEMENTS
Loaned on m ortga ge...................................................................................
Dues repaid on w ithdraw al, o r applied on lo a n s.........................
D ividends paid on w ithdraw al, or applied on lo a n s ....................
P a id fo r real esta te...................................................................................
P a id salaries and clerk-h ire...................................................................
P a id advertising, printing and p osta g e.............................................
P a id rent ..................................................................... .................................
P a id repairs to real esta te.................................... ..............•
.................
P a id taxes, insurance, e t c ........... ...........................................................
P a id banking departm ent, exa m in a tion .............................................
P a id banking departm ent, assessm ent...............................................
Officers’ b o n d s ........................
F u r n it u r e ................................’......................................................................
A ttorn ey’s costs .......................................................................................
L ib erty bonds pu rch ased..........................................................................
Cash on hand Decem ber 31, 1917..........................................................




$151,100
115,553
18,751
6 ,0 0 0
1,987
163
120
28
372
91
34
15
8
765
5 ,0 0 0
2 1 ,12 2

00
11
39
00
00
15
00
86
16
50
21
00
25
61
00
61

$321,112 85

M onroe County

207

P lan, permanent. P a r value o f shares, $100. Instalm ents are 10 cents
weekly.
Shares in fo rce J anu ary 1,1917, 7,934; shares issued during the year, 1,018;
shares w ithdraw n during the year, 270; shares in force, 8,682. B orrow in g
members, 175, holdin g 5,476 shares; non-borrow ing mem bers, 369, holding
3,206 shares. Fem ale shareholders, 259, holdin g 2,999 shares. T ota l d iv i­
dends credited members durin g the year on instalm ent shares, $25,111.17;
rate, 6 per cent.
N o unpaid w ithdraw als. M em bership fee, 25 cents. O perating expenses,
as defined in section 390 of th e B anking Law , incurred and pa id du rin g the
year, $2,285.15. U npaid, none.
Prem ium plan, prem ium -interest. In terest paid b y b orrow in g members, 10
cents per share per week. Prem ium paid b y b orrow in g mem bers, 5 cents per
share per week.
Loans have been made in M onroe and Orleans counties, N ew Y ork State.
L argest m ortgage loan outstanding, $12,000. M ortgages in force in N ew
Y ork State, $547,600. One foreclosure during the year.

SECURITY LOAN ASSOCIATION
N o. 448 Pow ers Building, R ochester, N . Y .
[Organized
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................

under Law o f 1851. Commenced business 1861]
Names
Post-office addresses
PRANK J. FLYNN....................................... Rochester, N. Y.
WILLIAM H. FARAGHER....................... Rochester, N. Y.
WILLIAM H. FARAGHER....................... Rochester, N. Y.
STEPHEN
TRUESDALE ....................... Rochester, N. Y.

ASSETS
R eal e s t a t e ..............................................................
Cash on hand and in b a n k ...............................

$11,600. 00
690 63
$12,2 9 0 63

LIABILITIE S

D ue shareholders, d u es..............................................................................
D ue shareholders, dividends cred ited...................................................
P r io r m ortgages .........................................................................................
U ndivided p r o f i t s .......................................................................................
G uaranty nind (as per section 392 o f B anking L a w ) ..................

$4 ,76 2
936
4 ,8 0 0
882
909

43
15
00
60
45

$12,2 9 0 63
RECEIPTS
Cash on hand January 1, 1917............................................................
R en t r e c e iv e d ................................................................................................

$636 17
980 50
$1,616 67

P a id
P aid
P a id
P a id
P a id
P a id
Cash

DISBURSEMENTS
interest on borrow ed m oney and p rior m ortga ges................
salaries and clerk-h ire...................................................................
repairs to real esta te.....................................................................
taxes, insurance, e t c .......................................................................
banking departm ent, exam ination .............................................
banking departm ent, assessm ent...............................................
on hand Decem ber 31, 1917..........................................................




$288
57
253
317
7
1
690

00
48
77
57
50
72
63

$1,616 67

208

R eport

on

Savings

and

L oan A ssociations

Plan, permanent. P a r valu e o f shares, $105. Instalm ents are 10 cents,
15 cents and 25 cents weekly.
Shares in force J anu ary 1, 1017, 118; shares issued during th e year, n one;
shares w ithdraw n du rin g the year, n on e; shares in force, 118. N o b orrow in g
members. N on-borrow ing members, 14, h oldin g 118 shares. Fem ale share­
holders, 3, holding 11 shares. A m ount o f filed and unpaid w ithdraw als
Decem ber 31, 1917, $4,726.47.
M em bership fee, 25 cents. O perating expenses, as defined in section 390 o f
th e Banking Law , incurred and paid du rin g the year, $57.48. U npaid, none.
Prem ium plan, gross. In terest pa id b y b orrow in g members, 10 cents per
share per week. P rem ium paid b y b orrow in g mem bers, $10 per share.
Loans have been m ade in M onroe county, N ew Y ork State. N o m ortgage
loans outstanding. N o foreclosures durin g the year.

TWENTIETH WARD CO-OPERATIVE SAVINGS AND LOAN
ASSOCIATION
N o. 341 Cam pbell street, R ochester, N . Y .
[Organized
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................

under Law of 1892. Commenced business 1896]
Names
Post-office addresses
HENRY A. MENSING.................... 508 Campbell Street.
AUGUST J. DENTINGER............ 40 Home Place.
JOHN SEILER................................ 941 Campbell Street.
WILLIAM F. LOVE........................ Court House, Rochester.

ASSETS
Loans on bond and m ortg a g e.................................................................
Stocks an d b on d s.........................................................................................
Cash on hand and in b a n k .....................................................................

$135,900 00
3 ,0 0 0 00
16,021 97
$154,921 97

LIAB ILITIES
D ue shareholders, d u es..............................................................................
D ue shareholders, dividends cred ited .................................................
U ndivided profits .......................................................................................
G uaranty fu n d (a s per section 392 o f B anking L a w ) ................

$128,208
18,139
5, 689
2 ,8 8 4

60
31
52
54

$154,921 97
RECEIPTS
Cash on hand Janu ary 1, 1917..............................................................
D ues credited to m em bers.....................................................................
M ortgages redeemed, foreclosed or transferred to real e s t a t e ..
Fees r e c e iv e d ................................................................................................
In terest received .......................................................................................
Prem ium received .....................................................................................
D ividends retained on w ith d ra w a ls...................................................

$13,1 5 3 73
9 0 ,3 4 2 50
2 7 ,3 0 0 00
309 25
6 ,7 8 8 90
1 ,9 7 0 26
25 54
$ 1 39,890 18

DISBURSEMENTS
Loaned on m o rtg a g e..................................................................................
D ues repaid on w ithdraw al, or applied on lo a n s ...........................
P a id m atured shares................................................................................
D ividends pa id on w ithdraw al, or applied on lo a n s ....................
P a id salaries and clerk -h ire...................................................................
P a id advertising, p rin tin g and p osta g e.............................................
P a id ren t .......................................................................................................
P a id banking departm ent, exa m in a tion .............................................
P a id banking departm ent, assessm ent...............................................




$ 2 7 ,6 0 0
76 ,03 7
1 1 ,35 2
4, 559
1,1 03
72
50
38
9

00
07
64
85
75
60
00
50
79

209

M onroe County
Officers’ bonds and in su rance................................................................
T ick et fo r policem en’ s b a ll.....................................................................
Rent, safe deposit b o x ..............................................................................
L iberty bonds pu rch ased.........................................................................
In terest on L ib erty b on d s.......................................................................
Cash on hand December 31, 1917........................................................

$30
2
3
3 ,0 0 0
8
16,021

37
00
00
00
64
97

$139,890 18
P lan, permanent. P a r value o f shares, $100. Instalm ents are 10 cents
and 25 cents w eekly.
Shares in force Janu ary 1, 1917, 6,297; shares issued du rin g the year,
1,335; shares w ithdraw n du rin g the year, 744; shares in force, 6,888. B or­
row in g members, ,99, holdin g 1,339 shares; n on-borrow ing members, 599,
h oldin g 5,549 shares. Fem ale shareholders, 268, holdin g 2,035 shares. T otal
dividends credited members during the year on instalm ent shares, $8,277.84;
rate, 6 per cent.
N o unpaid w ithdraw als. A m oun t o f shares m atured during the year,
$11,352.64. Entrance fee, 10 cents and 25 cents per share. Operating
expenses, as defined in section 390 o f the Banking Law , incurred and paid
durin g the year, $1,261.72. U npaid, none.
Prem ium plan, prem ium -interest. In terest paid b y b orrow in g members,
5 Ys per cent. P rem ium pa id b y b orrow in g members, 3 cents per share per
week.
Loans have been made in M onroe county, N ew Y ork State. L argest m ort­
gage loan outstanding, $6,000.
M ortgages in force in N ew Y ork State,
$135,900. N o foreclosures durin g the year.

UNION PERMANENT SAVINGS AND LOAN ASSOCIATION
N o. 664 C lin ton avenue, N orth, Rochester, N . Y .
[Organized
Officers
President.....................
Secretary.....................
Treasurer...................
Attorneys.....................

under Law of 1851. Commenced business 1886]
Names
Post-office addresses
ROBERT SIEBERT.................
University Avenue.
EDWARD A. SHULTS...........
34 City Hall.
CHARLES NUNNOLD..............
Irondequoit.
WERNER & HARRIS.............
Insurance Building.

ASSETS
L oans on bond and m ortg a g e.................................................................
Cash on hand and. in b a n k .....................................................................

$ 5 3 ,6 4 0 00
41 25
$53,661 25

LIABILITIES
Due shareholders, d u es............................................................
Due shareholders, dividends cred ited ...............................
Undivided profits .....................................................................
G uaran ty fun d (a s per section 392 o f Banking L a w )
Unearned or rebatable prem iu m ..........................................
RECEIPTS
Cash on hand J anu ary 1, 1917........................................................
Dues credited to m em bers...................................................................
M ortgages redeemed, foreclosed or transferred to real estate
Fees r e c e iv e d ...........................................................................................
F ines received .........................................................................................
In terest received ..................................................................................
Prem ium received ................................................................................
Advances r e p a i d .....................................................................................




$41,144
8 ,571
1,323
1,213
1,4 28

22
62
27
33
81

$53,681 25
$3,007
15.528
3,000
25
3
2 ,6 3 4
319
5

07
85
00
70
46
05
50
22

$24,523 85

210

R eport

on

Savings

and

L oan A ssociations

DISBURSEMENTS
Loaned on m o rtg a g e......... . ......................................................................
D ues repaid on w ithdraw al, o r applied on lo a n s ...........................
D ividends paid on w ithdraw al, or applied lo a n s .............................
P a id salaries and clerk -h ire...................................................................
P a id advertising, p rin tin g and p osta ge.............................................
P a id ren t ......................................................................................................
P a id banking departm ent, exam ination .............................................
P a id hanking departm ent, assessm ent...............................................
Officers’ b o n d s ..............................................................................................
Advances fo r taxes, insurance, e tc ......................................................
S tate League d u es.......................................................................................
F u rn itu re and rep a irs..............................................................................
P a in tin g and h anging s ig n .....................................................................
M ortgage ta x ..............................................................................................
M ovin g s a f e ..................................................................................................
N o ta ry fees ..................................................................................................
Cash on hand Decem ber 31, 1917........................................................

$ 7 ,1 0 0 00
15,130 84
1 ,6 9 2 12
358 50
20 38
52 00
17 25
411
8 00
12 50
28 00
16 40
5 50
34 50
2 00
50
41 25
$24,5 2 3 85

P la n , permanent. P a r value o f shares, $100. Instalm ents are 10 cents
weekly.
Shares in force Janu ary 1, 1917, 1,320; shares issued du rin g th e year,
2 5 7 ; shares w ithdraw n du rin g the year, 3 39; shares in force, 1,238. B or­
row in g members, 30, holding 534 shares; n on-borrow ing members, 143, h old­
in g 704 shares. Fem ale shareholders, 54, holding 241 shares. T ota l d iv i­
dends credited members durin g the year on instalm ent shares, $2,134.85;
rate, 5 % per cent.
N o unpaid w ithdraw als. Entrance fee, 10 cents per share. O perating ex­
penses, as defined in section 390 o f the Banking Law , incurred and paid
d u rin g the year, $490.78. Unpaid, none.
P rem ium plan, gross. Interest pa id b y borrow in g members, 5 % per cent.
Prem ium paid b y b orrow in g members, $4.50 per share.
Loans have been made in M onroe county, N ew Y ork State. L argest m ort­
gage loan outstanding, $4,200. M ortgages in force in N ew Y ork State,
$53,640. N o foreclosures during the year.

UNITED PERMANENT SAVINGS AND LOAN ASSOCIATION
N o. 508 P ortla n d avenue, Rochester, N . Y .
[Organized
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................

under Law o f 1851.
Commenced business 1886]
Names
Post-office addresses
FRED K O C H L E IN ........... 77 Holbrook Street.
LEO SPIEGEL.................... 235 Lux Street.
LOUISJ KNAPP.................
4 Lochner Place.
JAMES L. B R E W E R .... 218 Ellwanger and Barry Bldg.

ASSETS
Loans on bond and m ortg a g e.................................................................
Cash on hand and in b a n k .....................................................................
F u rn itu re and fixtu res..............................................................................

$85,800 00
3, 567 85
50 00

LIAB ILITIES
D ue shareholders, d u es..............................................................................
D ue shareholders, dividends cred ited .................................................
U ndivided profits .....................................................................................
G uaran ty fun d (a s per section 392 o f Banking L a w ) ................

$89,417 85
-------$69, 386 15
16,255 80
1,275 90
2 ,5 0 0 00




$89,417 85

M onroe County
RECEIPTS
Cash on hand Janu ary 1, 1917..............................................................
Dues credited to m em bers.......................................................................
M ortgages redeemed, foreclosed or transferred to real e s t a t e ..
Fees r e c e iv e d ................................................................................................
In terest r e c e iv e d .........................................................................................
Prem ium received .....................................................................................

211
$6, 395
38, 540
14, 400
32
4 ,1 6 8
991

23
50
00
20
92
15

$64,5 2 8 00
DISBURSEMENTS

Loaned on m o rtg a g e..................................................................................
Dues repaid on w ithdraw al, or applied on lo a n s ...........................
D ividends paid on w ithdraw al, or applied on lo a n s ....................
P a id salaries and clerk -h ire...................................................................
P a id advertising, prin tin g and posta ge.............................................
P a id rent ......................................................................................................
P a id banking departm ent, exam in ation .............................................
P a id banking departm ent, assessm ent...............................................
Officers’ bonds .............................................................................................
Legal expense .............................................................................................
Cash on hand December 31, 1917........................................................

$23. 200 00
34, 882 95
2, 202 30
553 25
36 80
43 75
11 17
5 93
8 00
16 00
3 ,5 67 85
$64,528 00

Plan, permanent. P a r value o f shares, $100 and $200. Instalm ents are
10 cents and 25 cents weekly.
Shares in force Janu ary 1, 1917, 1,568; shares issued du rin g the year,
322; shares w ithdraw n du rin g the year, 248; shares in force, 1,642. B or­
row in g members, 49, h oldin g 436 shares; n on-borrow ing members, 242, hold­
ing 1,206 shares. Fem ale shareholders, 101, holdin g 501 shares. T ota l div i­
dends credited mem bers du rin g the year on instalm ent shares, $4,266.45;
rate, 6 per cent.
N o unpaid w ithdraw als. Entrance fee, 10 cents per share.
Operating
expenses, as defined in section 390 of th e Banking Law , incurred and paid
during th e year, $657.80. U npaid, none.
Prem ium plan, instalm ent. Interest paid b y b orrow in g members, 5 % per
cent. Prem ium paid b y b orrow in g members, 5 cents per week per share o f
$200.
Loans have been made in M onroe county, N ew Y ork State. L argest m ort­
gage loan outstanding, $5,000. M ortgages in force in N ew Y ork State,
$85,800. N o foreclosures du rin g th e year.

WADSWORTH DIME BANKING AID AND LOAN ASSOCIATION
N o.
[Organized
Officers
President.....................
Secretary.....................
Treasurer...................

576 H udson avenue, Rochester, N . Y .
under Law of 1851. Commenced business 1887]
Names
Post-office addresses
HENRY J. SIMMELINK....................
196Hudson Avenue.
GEORGE STURMER........................... 964Clifford Avenue.
JOSEPH F. RIBSTEIN....................
16Exchange PI. Bldg.

ASSETS
Loans on bond and m ortg a g e.................................................................
Cash on hand and in b a n k .....................................................................
F u rn itu re and fix tu res..............................................................................




$70,700 00
792 62
40 00
$71,532 62

212

K eport

on

Savings

and

L oan A ssociations

LIABILITIES
D ue shareholders, d u e s ............................................................................
D ue shareholders, dividends cred ited .................................................
B orrow ed m oney .......................................................................................
U ndivided profits .......................................................................................
G uaranty fun d (a s per section 392 o f B anking L a w ) ................

$55, 546
8 ,881
1,2 50
2, 604
3 ,2 5 0

95
00
00
67
00

$71,532 62

RECEIPTS
Gash on hand J anu ary 1, 1917...............................................................
D ues credited to m em bers.......................................................................
M oney borrow ed .........................................................................................
M ortgages redeemed, foreclosed or transferred to real e s t a t e ..
Fees received ..............................................................................................
In terest received ..................................................................................... ..
Prem ium r e c e iv e d .......................................................................................

$10,163 04
16 ,45 2 35

2,000 00
8 ,5 0 0
26
3 ,2 71
1, 502

00
00
90
85

$ 4 1 ,9 1 6 14
DISBURSEMENTS
Loaned on m o rtg a g e...................................................................................
Dues repaid on w ith draw al, o r applied on lo a n s .........................
D ividends paid on w ithdraw al, o r applied on lo a n s ....................
Cash dividends pa id on incom e and accum ulative prepaid
shares .........................................................................................................
P a id borrow ed m oney and p rio r m ortga ges....................................
P a id interest on borrow ed m oney and p rior m ortga ges.............
P a id salaries and clerk -h ire...................................................................
P a id banking departm ent, exa m in a tion .............................................
P a id banking departm ent, assessm ent...............................................
Supplies .........................................................................................................
Cash on hand D ecem ber 31, 1917........................................................

$ 1 8 ,5 0 0 00
19,357 95
669 10
1,2 95
750
20
494
22
5
9
792

25
00
00
00
18
19
85
62

$41,9 1 6 14

P lan , permanent. P a r value o f shares, $100. Instalm ents are 10 cents
weekly.
Shares in force Janu ary 1, 1917, 1,328; shares issued during the year, 260;
shares w ithdraw n du rin g th e year, 8 8 ; shares in force, 1,500. B orrow in g
members, 31, h oldin g 708 shares; n on-borrow ing members, 82, h oldin g 792
shares. Fem ale shareholders, 39, h oldin g 299 shares. T otal dividends cred­
ited members du rin g th e yea r on instalm ent shares, $2,342; rate, 6 per cent.
T ota l dividends credited o r pa id in cash to members during the year on
other shares, $1,295.25; rate, 6 per cent.
N o unpaid w ithdraw als. E ntrance fee, 10 cents per share. O perating
expenses, as defined in section 390 o f the Banking Law , incurred and paid
du rin g the year, $503.85. U npaid, none.
Prem ium plan, instalm ent. In terest paid b y borrow in g members, 5 % per
cent. Prem ium pa id b y b orrow in g members, 5 cents per share p e r week.
L oans have been made in M onroe county, N ew Y ork State. L argest m ort­
gage loan outstanding, $14,000. M ortgages in force in N ew Y ork State,
$70,700. N o foreclosures du rin g th e year.




N assau C ounty

213

THE WESTERN SAVINGS AND LOAN ASSOCIATION
No. 232 P ierpon t street, Rochester, N. Y .
[Organized
Officers
Vice-President.............
Secretary.....................
Treasurer...................
Attorney.....................

under Law of 1892. 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, N. Y.

ASSETS
Cash on hand and in b a n k .....................................................................

$608 37

LIABILITIES
U ndivided profits ......................................................................................
W ith d ra w a l certificates ..........................................................................
Interest reserved on w ithdraw al c e r t i f i c a t e s . . . . . ..................

$408 14
42 35
157 88

RECEIPTS
—Cash on hand Janu ary 1, 1917...............................................................
In terest r e c e iv e d .........................................................................................
DISBURSEMENTS
P a id banking departm ent, exam ination .............................................
P a id banking departm ent, assessm ent..............................................
Cash on hand Decem ber 31, 1917........................................................

■ '

$608 37
-------$590 73
23 68
$614 41
-------$5 00
1 04
608 37
$614 41

Plan, serial. P a r value o f shares, $100. Instalm ents are 25 cents, 50 cents
and $1 m onthly.
Shares in force Janu ary 1, 1917, n on e; shares issued during the year, none;
shares w ithdraw n du rin g the year, n on e; shares in force, none.
N o unpaid w ithdraw als. N o prem ium plan. N o premium charged. No
loans outstanding. N o foreclosures durin g th e year.

NASSAU COUNTY
HEMPSTEAD CO-OPERATIVE BUILDING AND LOAN ASSOCIATION
N o. 68 M ain street, Hem pstead, N. Y .
[Organized
Officers
President.....................
Secretary.....................
Treasurer................. ..
.................

under Law; o f 1851. Commenced business 1889]
Names
Post-office addresses
S. ALONZO SMITH..................................... Hempstead, N. Y.
GEORGE H. BAUKNEY............................ Hempstead, N. Y.
WILLIAM PLYER....................................... Hempstead, N. Y.
ADRIAN H. COURTENAY........................ Hempstead, N. Y.

ASSETS
Loans on bond and m ortg a g e.................................................................
Loans on shares...........................................................................................
Stocks and b o n d s.........................................................................................
Cash on hand and in b a n k .....................................................................
In dividual a c c o u n t s ..................................................................................
Instalments due and unpaid...........................................
$2,973 00
Interest, premium, fees and fines due and unpaid....
1,425 00




$243,800
9 ,6 1 0
5 ,0 00
4 ,241
4

00
00
00
95
38

$262,656 33

214:

R epoet

on

S avings

and

L oan A ssociations

L IA B IL IT IE S

D ue shareholders, dues ..........................................................................
D ue shareholders, dividends cred ited .................................................
B alance to be p a id borrow ers on m ortgage lo a n s ...........................
B orrow ed m o n e y .........................................................................................
U ndivided profits .......................................................................................
G uaranty fun d (as per section 392 o f Banking L a w ) ................
Special deposits .........................................................................................

$ 1 94,848
43,291
2 ,0 0 0
10,000
7 ,0 3 7
5 ,4 7 3
5

00
89
00
00
68
76
00

$262,656 33
RECEIPTS
Cash on hand Janu ary 1, 1917..............................................................
Dues credited t o m em bers.......................................................................
M on ey b o r r o w e d .........................................................................................
M ortgages redeemed, foreclosed or transferred to real e s t a t e ..
Loans on shares re p a id ..............................................................................
Fees r e c e iv e d ................................................................................................
Fines r e c e iv e d ..............................................................................................
Interest r e c e iv e d .........................................................................................
Prem ium r e c e iv e d ...............................................................•
.......................
D ividends retained on w ith draw a ls......................................................
Special d e p o s its ...........................................................................................
A p p ortion ed profits ...................................................................................

$32,675
39 ,72 2
12 ,00 0
2 9 ,9 2 0
6 ,0 57
121
502
1 2 ,7 9 0
853
771
90
541

11
00
00
00
00
00
90
54
42
74
00
21

$136,044 92
DISBURSEMENTS
Loaned on m o rtg a g e...................................................................................
L oaned on shares.........................................................................................
Dues repaid on w ithdraw al, o r applied on lo a n s .................. •. . . .
D ividends pa id on w ith draw al, or applied on lo a n s ....................
Cash dividends p a id on incom e and accum ulative prepaid
s h a r e s ..........................................................................................................
P a id borrow ed m oney and p rior m ortga ges......................................
P a id interest on borrow ed m oney and p rior m ortga ges..............
P a id salaries a nd clerk -h ire...................................................................
P a id advertising, p rin tin g and p osta ge.............................................
P a id rent .......................................................................................................
P a id banking departm ent, exam ination .............................................
P a id banking departm ent, assessm ent...............................................
Officers’ bonds ..............................................................................................
State League du es.......................................................................................
A ppraisals ....................................................................................................
In divid ual a c c o u n t .....................................................................................
L ib e rty bonds pu rch ased..........................................................................
Cash on hand December 31, 1917..........................................................

$ 6 2 ,0 0 0
3 ,2 3 2
4 1 ,4 1 3
17,008

00
00
00
83

92
2 ,0 0 0
80
670
40
100
28
16
5
7
105
4
5 ,0 0 0
4 ,2 41

00
00
56
00
85
00
20
15
00
00
00
38
00
95

$136,044 92

P lan , serial. P a r value o f shares, $200 and $240. Instalm ents are $1
m onthly.
Shares in force Janu ary 1, 1917, 2,985; shares issued du rin g th e year, 941;
shares w ithdraw n during the year, 4 6 2 ; shares in force, 3,464. B orrow in g
mem bers, 147, h oldin g 1,265 shares; n on-borrow ing members, 528, h oldin g
2,199 shares. Fem ale shareholders, 182, h oldin g 976 shares. T ota l dividends
cred ited members du rin g the year on instalm ent shares, $13,342.72; rate,
5 6 7 /1 0 0 per cent. T ota l dividends credited o r pa id in cash t o mem bers
d u rin g the year on other shares, $9 2 ; rate, 4 per cent.




N assau C o u n t y

215

N o unpaid w ithdraw als. Mem bership fee, $1.
O perating expenses, as
defined in section 390 o f the Banking Law , incurred and paid during the year,
$867.20. U npaid, none.
P rem ium plan, instalm ent. In terest paid b y b orrow in g members, 5 per
cent, and 6 per cent. Prem ium paid by b orrow in g members, 1 per cent, on
$240 shares.
Loans have been made in N assau county, New Y ork State. Largest m ort­
gage loan outstanding, $5,000. M ortgages in force in New Y ork State,
$243,800. N o foreclosures during the year.

PORT WASHINGTON BUILDING AND LOAN ASSOCIATION OF QUEENS
COUNTY, N. Y.
N o. 277 M ain street, P o rt W ashington, N . Y .
{ Organized
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................

under Law of 1851. Commenced business 1891]
Names
Post-office addresses
GEORGE E. BAUER.......................... Port
Washington,N.Y.
CHARLES E. HYDE......................... Port
Washington,N.Y.
ALFRED C. BAYLES......................
Port
Washington,N.Y.
ALLEN PERCY BAXTER................ Port
Washington,N.Y.
ASSETS

Loans on bond and m ortg a g e.................................................................
Loans on shares...........................................................................................
Stocks and b o n d s.........................................................................................
■Cash on hand and in b a n k .......................................................................
F u rn itu re and fixtu res..............................................................................
Instalments due and unpaid................................
$1,816 00
Interest, premium, fees and fines due and unpaid
421 43

$ 1 97,350
2 ,8 0 0
1,000
4 ,2 9 8
465

00
00
00
81
93

$205,914 74
LIABILITIES
D ue shareholders, du es..............................................................................
D ue shareholders, dividends cred ited ....................................................
B orrow ed m o n e y .........................................................................................
U ndivided p r o f i t s .......................................................................................
G uaran ty fu n d (a s per section 392 o f B anking L a w ) ..................
Suspense account .......................................................................................

$154,193
34,157
4 ,0 0 0
7 ,3 32
5,8 71
360

00
87
00
65
02
20

$205,914 74
RECEIPTS
Cash on hand J anu ary 1, 1917..............................................................
Dues credited to m em bers.......................................................................
M oney b o r r o w e d .........................................................................................
M ortgages redeemed, foreclosed or transferred to real e s t a t e ..
Loans on shares re p a id ............................................................................
B eal estate sold .........................................................................................
Fees r e c e iv e d ................................................................................................
Fines r e c e iv e d .............................................................................................
Interest r e c e iv e d .........................................................................................
Prem ium r e c e iv e d .......................................................................................
D ividends retained on w ith draw a ls......................................................
Interest on suspense a ccou n ts................................................................




$ 7,898
36,098
16,200
25,381
650
6,891
43
278
10,912
2 ,9 9 6
1,402
17

95
00
00
81
00
11
00
90
64
34
65
35

$108,770 75

216

R eport

on

S avings

and

L oan A ssociations

DISBURSEMENTS
Loaned o n m o rtg a g e...................................................................................
Loaned on sh a res.........................................................................................
D ues repaid on w ithdraw al, or applied on lo a n s ...........................
P a id m atured s h a r e s .................................................................................
D ividends paid on w ithdraw al, or applied on lo a n s ......................
P a id borrow ed m oney and p rior m ortga ges....................................
P a id interest on borrow ed m oney and p rior m ortga ges..............
P a id fo r real esta te...................................................................................
P a id salaries and clerk -h ire...................................................................
P a id advertising, p rin tin g and p osta ge.............................................
P a id rent .......................................................................................................
P a id repairs t o real esta te .....................................................................
P a id taxes, insurance, e t c .......................................................................
P a id banking departm ent, assessm ent...............................................
Officers’ bonds ..............................................................................................
State League du es.......................................................................................
In terest on suspense accoxm ts.................................................................
Revenue stam ps .........................................................................................
Insurance on fu rn itu re ..............................................................................
N ew s a f e ........................................................................................................
B o o k s ...............................................................................................................
Insurance, b u r g l a r y ...................................................................................
A ttorn eys’ fees ............................................................................................
L ib e rty bonds pu rch ased..........................................................................
Cash on hand Decem ber 31, 1917........................................................

$24,150
410
19,981
29 ,74 3
3 ,5 0 6
17,200
201
5 ,8 8 9
1 ,333
56
150
348
110
13
10
6
17
3
225
65
25
25
1 ,0 0 0
4 ,2 9 8

00
00
00
68
61
00
48
72
00
15
00
25
57
45
00
00
35
80
50
00
38
00
00
00
81

$ 1 08,770 75
P lan , serial. P a r va lu e o f shares, $200. Instalm ents are $1 m onthly.
Shares in fo rce J anu ary 1, 1917, 3,001; shares issued during the year, 4 47;
shares w ithdraw n du rin g th e year, 5 50; shares in force, 2,898. B orrow in g
mem bers, 67, holdin g 725 shares; non-borrow ing members, 259, h oldin g 2,173
shares. Fem ale shareholders, 135, h oldin g 1,115 shares. T o ta l dividends
credited members du rin g th e year on instalm ent shares, $12,877.94; rate,
6 7 /1 0 per cent.
N o unpaid w ithdraw als. A m oun t o f shares m atured du rin g the year,
$29,743.68. M em bership fee, $1. O perating expenses, as defined in sec­
tio n 390 o f the B anking L aw , incurred and paid during the yeai*, $1,649.03.
U npaid, none.
P rem iu m plan, instalm ent. In terest paid b y b orrow in g members, 5 per
cent. Prem ium paid b y borrow in g members, 35 cents per share per month.
Loans have been made in N assau county, N ew Y ork State. L argest m ort­
gage loan outstanding, $8,500. M ortgages in force in N ew Y ork State,
$197,350. Three foreclosures du rin g th e year.

ROCKVILLE CENTRE SAVINGS AND LOAN ASSOCIATION
N o. 76 V illa g e avenue, R ockville Centre, N. Y .
[Organized
Officers
President.....................
Secretary.....................
Treasurer...................
Attorneys.....................

under Law o f 1851. Commenced business 1889]
Names
Post-office addresses
DEVILLO N. BULSON........................ Rockville Centre, N. Y.
NELLIE P. O’N EILL......................... Rockville Centre, N. Y.
WILLIAM H. CONNELL....................
Rockville Centre, N. Y.
HOOLEY & WILSON........................
Rockville Centre, N. Y.

ASSETS
L oans on bond and m ortg a g e.................................................................
L oans on shares............................................................................................




$ 2 7 ,0 0 0 00
775 00

N assau C ounty
Stocks and bonds ....................................................................................
Cash on hand and in b a n k .......................................................................

217
$ 3 ,0 0 0 00
2 ,0 1 0 91
$32,785 91

LIABILITIES
Due shareholders, d u es..............................................................................
D ue shareholders, dividends cred ited .................................................
U ndivided profits .......................................................................................
G uaranty fund (as per section 392 o f Banking L a w ) ................

$20,875
9,9 95
115
1 ,8 0 0

68
13
10
00

$32,785 91
RECEIPTS
Cash on hand Janu ary 1, 1917............................................................
Dues credited to m em bers.......................................................................
M ortgages redeemed, foreclosed o r transferred to real esta te. .
Loans on shares re p a id ..............................................................................
Fees received ..............................................................................................
Interest r e c e iv e d .........................................................................................
Prem ium r e c e iv e d .......................................................................................
D ividends retained on w ith d raw a ls......................................................

$3,403 07
4 ,7 41 39
400 00
3 ,0 00 00
2 00
1,821 97
211 23
4 96
$13,584 62

DISBURSEMENTS
Loaned on m o rtg a g e..................................................................................
Dues repaid on w ithdraw al, or applied on lo a n s ...........................
P aid m atured shares..................................................................................
D ividends paid on w ithdraw al, or applied on lo a n s ......................
P a id salaries and clerk -h ire...................................................................
P a id advertising, prin tin g and p osta ge.............................................
P a id r e n t ......................................................................................................
P a id banking departm ent, exam ination .............................................
P a id banking departm ent, assessm ent...............................................
L ib erty bonds pu rch ased..........................................................................
Cash on hand December 31, 1917........................................................

$ 2,300 00
1,101 72
4,9 31 58
86 43
100 00
8 50
35 00
7 57
291
3 ,0 00 00
2 ,0 1 0 91
$13,584 62

P lan, permanent. P a r value o f shares, $200. Instalm ents are $1 m onthly.
Shares in force Janu ary 1, 1917, 343; shares issued during the year, 2 0 ;
shares w ithdraw n during the year, 3 7 ; shares in force, 326. B orrow in g mem­
bers, 10, h oldin g 118 shares; non-borrow ing members, 35, h oldin g 208 shares.
Fem ale shareholders, 22, holding 199 shares. T otal dividends credited mem­
bers du rin g the year on instalm ent shares, $2,034.34; rate, 6 per cent, and 7
per cent.
N o unpaid w ithdraw als.
A m ount o f shares m atured du rin g the year,
$4,931.58. M em bership fee, $1. O perating expenses, as defined in section 390
o f the B anking Law , incurred and paid during the year, $143.50. Unpaid,
none.
Prem ium plan, instalm ent. In terest paid b y borrow in g members, 6 per
cent. Prem ium p a id b y borrow in g members, 18 cents per share per month.
Loans have been made in N assau county, N ew Y ork State. Largest m ort­
gage loan outstanding, $4,500. M ortgages in force in N ew Y ork State,
$27,000. N o foreclosures du rin g the year.




218

R

eport

on

S a v in g s

and

L oan

A

s s o c ia t io n s

NEW YORK COUNTY
AMERICAN CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION
N o. 147 E a st 125th street, New Y ork , N . Y .
[Organized under Law o f 1887.
Officers
President....................
Secretary.....................
Treasurer...................
Attorney.....................

Commenced business 1888. Reorganized under
Laws o f 1884]
Names
Post-office addresses
DANIEL O’BRIEN............................. ©3 East 128th Street.
ARCHIBALD W. M cEW AN............ 2161 'Bathgate Avenue.
FREDERICK SPRBNGER ............ Bronxville, N. T.
MARTIN S . COHEN........................
302 Broadway.

ASSETS
L oan s on bond a n d m o rtg a g e.................................................................
Loans on shares...........................................................................................
Stocks and b o n d s................................................................._....................
Shares o f L and B ank o f State o f N ew Y o r k ........... ......................
R eal estate ..................................................................................................
Cash on hand and in bank.-...................................................................
F u rn itu re and fix tu res..............................................................................

$ 6 1 ,8 5 2
1, 940
3 ,7 5 0
1 ,0 00
3 ,1 2 0
2 ,0 0 2
41

71
00
00
00
44
58
05

$73,706 78
L IA B IL IT IE S

D ue shareholders, d u e s..............................................................................
D ue shareholders, dividends cred ited.................................................
B orrow ed m oney .......................................................................................
A dvances b y Land B a n k ..........................................................................
U ndivided profits .......................................................................................
G uaranty fund (a s per section 392 o f B anking L a w ) ................
M a tu rity dividend fu n d ............................................................................

$56,641
5, 210
5 ,1 0 4
2 ,4 00
1 ,883
2 ,1 3 6
329

85
35
94
00
62
50
52

$ 7 3 ,7 0 6 78
R E C E IPTS

Cash on hand Janu ary 1, 1917..............................................................
D ues credited to m em bers.......................................................................
M on ey borrow ed
.....................................................................................
M ortgages redeemed, foreclosed or tran sferred to real e s t a t e ..
Loans on shares re p a id ............................................................................
Interest received .......................................................................................
L ib erty bonds sold, n ational defense shares....................................
Special deposit .........................................................

$4 ,64 7
1 2,775
2 ,0 0 0
6, 868
2 ,6 7 8
3 ,9 47
4 ,2 1 7
10

48
60
00
44 •
00
28
25
00

$ 3 7 ,1 4 4 05
DISBU RSEM EN TS

Loaned on m o rtg a g e...............................................................................
Loaned on shares.........................................................................................
Dues repaid on w ith draw al, or applied on lo a n s .........................
P a id m atured shares..................................................................................
D ividends pa id on w ith draw al, or applied on lo a n s ........................
Cash dividends pa id on incom e and accum ulative prepaid
shares .........................................................................................................
P a id in terest on borrow ed m oney and p rior m ortga ges...............
P a id salaries and clerk -h ire...................................................................
P a id advertising, p rin tin g and p osta g e.............................................
P a id rent .......................................................................................................
P a id repairs t o real esta te.....................................................................
P a id taxes, insurance, e t c .......................................................................




$8,800
525
15,060
587
745

00
00
50
17
83

1 ,133
370
250
84
240
65
164

24
63
00
91
00
68
74

N

ew

Y

ork

C ounty

P a id banking departm ent, exa m in a tion ...........................................
P a id banking departm ent, assessm ent...............................................
Officers’ bonds .............................................................................................
State League d u es.......................................................................................
M a tu rity dividend .....................................................................................
L ib erty bonds pu rch ased.........................................................................
Land bank re p a id .......................................................................................
Special deposits .........................................................................................
Office e x p e n s e s .............................................................................................
Cash on hand December 31, 1917........................................................

219
$19 50
541
8 00
16 00
19 86
6 ,7 1 0 00
300 00
25 00
10 00
2 ,0 0 2 58
$37,144 05

Plan, permanent. P a r value o f shares, $200. Instalm ents are $1 m onthly.
Shares in force Janu ary 1, 1917, 1 ,3 95 % ; shares issued du rin g the
year, 135; shares w ithdraw n during the year, 9 2 ; shares in force, 1,438% .
B orrow in g members, 29, holding 2 16% shares; non-borrow ing members, 159,
h oldin g 1,222 shares. Fem ale shareholders, 44, holding 328 shares. Total
dividends credited members du rin g the year on instalm ent shares, $1,570.58;
rate, 5 per cent. T ota l dividends credited or paid in cash t o mem bers during
the year on oth er shares, $1,026.31; rate, 5 per cent.
N o unpaid w ithdraw als. A m oun t o f shares m atured during the year,
$587.17. O perating expenses, as defined in section 390 o f the Banking Law,
incurred and pa id du rin g the year, $608.91. U npaid, none.
N o prem ium plan. In terest pa id by b orrow in g members, 6 per cent. N o
prem ium charged.
L oans have been made in B ronx, K in gs, N ew Y ork , Queens, R ichm ond and
W estchester counties, N ew Y ork State, and in N ew Jersey. L argest m ort­
gage loan outstanding, $6,375.68. M ortgages in force in N ew Y ork State,
$40,175.68. One foreclosure durin g the year.

BANK CLERKS’ CO-OPERATIVE BUILDING AND LOAN ASSOCIATION
OF NEW YORK CITY
N o. 60 Beaver street, N ew Y ork , N . Y .
{Organized
Officers
President.....................
Financial Secretary..
Treasurer...................
Attorneys...................

under Law of 1851. Commenced business 1890]
Names
Post-office addresses
WILLIAM J.
N'EVIUS...........
S. Orange, N. J.
CHARLES S. GAUBERT....... Bjox 25, Sta. W, Brooklyn:
WILLIAM H. JUDSON........... 60 Beaver Street.
TAYLOR, KELLEY, BECKER
& R O B E R T S ............................ 30 Pine Street.

ASSETS
Loans on bond and m ortg a g e................................................................ $ 1 ,0 4 6 ,6 8 9
Loans on shares...........................................................................................
80,600
Stocks and b on d s.........................................................................................
89, 600
Shares o f Land Bank o f State o f New Y o r k ....................................
6 ,000
Contracts fo r the sale o f real esta te...................................................
5 ,064
R eal estate ..................................................................................................
5 ,0 0 0
Cash on hand and in b a n k .....................................................................
26,479
Advances fo r taxes, insurance, e t c ........................................................
1,655
A ccrued interest .......................................................................................
6, 975
Instalments due and unpaid....................................
$1,894 00
Interest, premium, 'fees and lines due and
unpaid................................................................ ; . . .
543 89




35
00
00
00
00
00
34
27
59

$ 1 ,26 8 ,0 6 3 55

220

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eport

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oan

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LIAB ILITIES
D ue shareholders, d u es............................................................................ $ 1 ,0 3 7 ,7 1 0
D ue shareholders, dividends cred ited...................................................
175,067
Balance to be paid borrow ers on m ortgage lo a n s ..........................
2 1 ,70 0
U ndivided profits .......................................................................................
4 ,7 0 5
28, 500
G uaran ty fu n d (a s per section 392 o f B anking L a w ) ................
Suspense accou nt .......................................................................................
90
A dvance paym ents .....................................................................................
127
Special deposits .........................................................................................
161

00
97
00
81
00
95
00
82

$ 1 ,2 6 8 ,0 6 3 55
RECEIPTS
Cash on hand Ja n u a ry 1, 1917.............................................................
Dues credited to m em b ers.. -..................................................................
M ortgages redeemed, foreclosed or transferred to real e s t a t e ..
Loans on shares r e p a id ............................................................................
Fines r e c e iv e d ..............................................................................................
In terest received .......................................................................................
B en t received ..............................................................................................
D ividends retained on w ith d raw a ls......................................................
A dvances r e p a i d .........................................................................................
Special deposits ........................
A dvance paym ents .....................................................................................
Fees fo r title p o licie s ................................................................................
Over cred it b y b a n k ...................................................................................
C ontracts fo r sale o f real esta te..........................................................
Suspense account .............................................................................. ........
B ills receivable ............................................................................................
Bonds sold .................................................................................................

$61,2 8 9 64
262, 680 00
7 9 ,6 5 0 65
4 6 ,2 8 4 00
402 47
6 6,457 89
313 00
2 ,1 8 6 55
832 31
1,085 73
201 00
298 85
20
280 03
311 92
32, 000 00
3 5 ,00 0 00
$ 5 89,274 24

DISBU RSEM EN TS

L oaned on m o rtg a g e...................................................................................
Loaned on shares.........................................................................................
D ues repaid on w ith draw al, or applied on lo a n s ...........................
P a id m atured shares................................................................................
D ividends pa id o n w ithdraw al, o r applied on lo a n s ....................
Cash dividends p a id on incom e and accu m u lative prepaid
shares .........................................................................................................
P a id fo r real esta te ..................................................................................
•P a id salaries and clerk -h ire...................................................................
P a id advertising, p rin tin g and p osta g e.............................................
P a id repairs t o rea l es ta te .....................................................................
P a id taxes, insurance, e t c .......................................................................
P a id banking departm ent, exam ination .............................................
P a id banking departm ent, assessm ent...............................................
Officers’ b o n d s ..............................................................................................
A dvances f o r taxes, insurance, e t c ......................................................
Suspense account .......................................................................................
Advance, paym ents .....................................................................................
Fees fo r title p o licie s ................................................................................
Bonds purchased .......................................................................................
Bonds o f L and B a n k ..................................................................................
B ills receivable .........................................................................................
Com m ission, sale o f real esta te............................................................
D irectors’ and a ud itors’ f e e s ..................................................................
L egal services ...........................................................................................
General expense .........................................................................................
Special deposits .........................................................................................
Cash on hand Decem ber 31, 1917........................................................




-

.

.......-

$142,750
5 6.040
158, 724
3 8 ,60 0
21, 043

00
00
00
00
00

5, 700
2, 000
3 ,8 8 5
612
136
162
162
71
84
1,747
300
176
308
105, 000
10.000
12.000
100
1 ,002
500
163
1, 524
26 ,47 9

00
00
00
66
13
32
50
16
00
82
44
64
85
00
00
00
00
00
00
59
79
34

$589,274 24

N

ew

Y

ork

C

221

ounty

Plan, serial. P a r value o f shares, $200. Instalm ents are $1 m onthly.
Shares in fo rce Janu ary 1, 1917, 2 1 ,5 6 0 % ; shares issued du rin g the year,
5,923; shares w ithdraw n du rin g the year, 5 ,5 8 3 % ; shares in force, 21,900.
B orrow in g members, 269, holding 4,735 shares; non-borrow ing members,
2,398, h oldin g 17,165 shares. Fem ale shareholders, 837, h oldin g 6,022 shares.
T ota l dividends credited members durin g the year on instalm ent shares,
$52,607.24; rate', 5 % per cent. T ota l dividends credited or paid in cash to
members du rin g the yea r on other shares, $5,700; rate, 5 per cent.
N o unpaid w ithdraw als.
A m oun t o f shares matured du rin g th e year,
$38,600. O perating expenses, as defined in section 390 of the Banking Law ,
incurred and pa id during the year, $6,247.25. U npaid, none. N o premium
plan.
In terest paid by b orrow in g members, 6 per cent.
N o prem ium
charged.
Loans have been m ade in Bronx, K in gs, N assau, New Y ork, Queens, R ich ­
m ond, Rockland, Suffolk and W estchester counties, N ew Y ork State, and in
C onnecticut and N ew Jersey. L argest m ortgage loan outstanding, $12,000.
M ortgages in force in N ew Y ork State, $428,889.35. N o foreclosures during
th e year.

BANKERS’ LOAN AND INVESTMENT COMPANY
Nos. 63 and 65 W a ll street, New Y ork , N. Y .
[Organized
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................

under Law of 1851. Commenced business 1890]
Names
Post-office addresses
CLARENCE W. CLARK.................... 63 and 65 Wall Street.
JOHN C. TEN EYCK......................... 63 and 65 Wall Street.
ALBERT B. VOORH1S....................... 63 and 65 Wall Street.
JOHN C. TEN EYCK........................... 63 and 65 Wall Street.

ASSETS
Loans on bond and m ortg a g e......................................
Loans on shares.................................................................
Stocks and b on d s............................................................
Shares o f Land B ank o f State o f N ew Y o r k .........
Contracts fo r the sale o f real esta te.........................
R eal estate .......................................................................
Cash on hand and in b a n k ..........................................
F u rn itu re and fix tu res...................................................
Interest, prem ium , fees and fines due and unpaid
Advances fo r taxes, insurance, e t c ...........................
Judgm ent ............................................................................
A gen ts’ collection s and funds to be accounted for
M iscellaneous ...................................................................

$266,802
10,058
8, 755
3 ,0 0 0
3,0 85
636,763
25,371
2 ,6 6 6
4 ,2 6 6
264
489
2 ,5 3 5
53

33
00
79
00
72
46
11
14
98
92
00
86
08

$964,112 39
L IA B IL IT IE S

D ue shareholders, d u es............................................................................
D ue shareholders, dividends cred ited .................................................
Balance to be paid borrow ers on m ortgage lo a n s .........................
P r io r m ortgages .........................................................................................
B orrow ed m oney .......................................................................................
U ndivided profits .......................................................................................
G uaranty fun d (as per section 392 o f B anking L a w ) ..................
Interest payable .......................................................................................
Reserve fo r ta x e s .......................................................................................
Insurance reserve .....................................................................................
L iberty L oan bond accou n ts...................................................................
U nderlying m ortgages on real estate.................................................
U npaid operating expenses.....................................................................




$712,799
17,624
14,651
4 4 ,2 0 0
27, 500
104,. 532
10,172
728
325
13. 244
14,002
4 ,3 00
31

90
13
13
00
00
56
34
26
80
82
40
00
05

$964,112 39

222

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oan

A

s s o c ia t io n s

r e c e ip t s

Cash on hand Janu ary 1, 1917............................................................
D ues credited to m em bers.......................................................................
P r io r m ortgages ....................................................................................... .
M oney b o r r o w e d .........................................................................................
M ortgages redeemed, foreclosed or transferred to real e s ta t e ..
L oan s on shares re p a id .....................................
B eal estate s o ld ...........................................................................................
Fees received ................................................................................................
F ines received ..............................................................................................
In terest received .......................................................................................
Prem iu m received .....................................................................................
B en t received ..............................................................................................
D ividends retained on w ith draw a ls...................................................
A dvances r e p a i d .........................................................................................
C ontracts fo r the sale o f real esta te....................................................
A gen ts’ collection s and fun d to be accounted f o r .........................
F u rn itu re and fix tu res..............................................................................
B ills r e c e iv a b le ......................................: ...................................................
In divid u a l accou nt ...................................................................................
Insurance r e s e r v e .......................................................................................
P e tty cash ....................................................................................................
L ib e rty L oan clu b s .....................................................................................
B eal esitate expense retu rn ed.................................................................
Expense r e t u r n e d ................- .....................................................................
D ividends ......................................................................................................
P ro fit and loss, real estate sales..........................................................
P ro fit and loss, real estate value in creased......................................
P r o fit and loss, return o f fees advanced cou n sel...........................
P rofit and loss, m ortgage sa tisfa ction s.............................................
P rofit and loss appraisals and inspection co s ts .................... . •••
P ro fit and loss, m iscellaneous expense..................................... ' . . . .
A ssentors’ surplus .....................................................................................

$31,2 4 8 10
107, 277 56
20,000 00
73, 780 00
88 ,59 8 81
11,115 00
38 ,96 5 63
357 00
48 65
6 ,5 6 5 53
9 ,4 8 3 64
3 1 ,7 5 2 50
34 11
842 38
168 92
4 ,3 8 9 12
2, 300 12
251 00
1, 080 00
1,331 69
812 58
184,104 63
582 12
594 26
30 95
9 ,7 7 2 01
14,309 08
2 ,055 75
35 50
1 ,0 1 0 00
393 54
3 ,9 0 7 63
$647,197 81

DISBURSEMENTS
Loaned o n m ortgages ...................... ' . ....................................................
Loaned on shares.......................................................................................
D ues repaid on w ith draw al, or applied on lo a n s ...........................
P a id m atured shares................................................................................
D ividends paid on w ithdraw al, or applied on loa n s....................
Cash dividends paid on incom e and accum ulative prepaid
shares .........................................................................................................
P a id borrow ed m oney and p rio r m ortg a g es...................... '............
P a id interest on borrow ed m oney and p rio r m ortga ges..............
P a id fo r real esta te...................................................................................
P a id salaries and clerk -h ire...................................................................
P a id advertising, p rin tin g and p osta g e...........................................
P a id rent ......................................................................................................
P a id repairs to real esta te.....................................................................
P a id taxes, insurance, e t c .............................................i .................
P a id banking departm ent, exa m in a tion ....................................' . . .
P a id banking departm ent, assessm ent...............................................
Officers’ b o n d s ..............................................................................................
Advances fo r taxes, insurance, e t c ........................................................
C ontracts fo r the sale o f real esta te...................................................
B eal estate value in crea se.....................................................................
A gen ts’ collections and funds to be accounted f o r .........................
F u rn itu re and fix tu res..............................................................................
Prem ium s ....................................................................................................
B eal estate im provem ents.....................................................................
P e tty cash ....................................................................................................
B onds .............................................................................................................




$154,773
17,778
5 8 ,91 7
8 ,0 0 0
1 ,708

96
00
54
79
79

8, 417
108, 780
7 ,2 5 9
10,636
9 ,9 91
4 ,0 1 8
1 ,2 5 0
5 ,5 5 4
10, 573
143
55
40
1 ,0 28
750
14,309
6 ,9 3 0
340
43
35
859
4 ,4 1 8

67
00
75
93
04
33
00
40
64
00
46
00
80
00
08
13
25
41
95
68
75

N

ew

Y

ork

C

ounty

In divid ual account ..................................................................................
B ills r e c e iv a b le ...........................................................................................
P ro fit and loss, tru st deeds and m ortga ges......................................
P ro fit and loss, real estate sa les....... ..................................................
P ro fit and loss, real estate im provem ents........................................
P ro fit and loss, furn itu re and fixtu res...............................................
P ro fit and loss, inspection loa n s..........................................................
P ro fit and loss, m iscellaneous..............................................................
Legal expenses ...........................................................................................
Com m issions, real estate sa les..............................................................
M iscellaneous .............................................................................................
T raveling expenses ..................................................................................
R egistra tion fees .......................................................................................
D irectors’ f e e s ..............................................................................................
R egistrar’ s service .....................................................................................
Ice, tow els and w a te r ................................................................................
Assentor’s surplus .....................................................................................
L ib erty L oan a ccou n ts..............................................................................
Telephone services .....................................................................................
Cash on hand December 31, 1917..........................................................

223
$1 ,29 7
251
470
706
664
2, 227
130
265
3 ,1 4 9
575
376
582
25
595
100
59
3, 444
170,102
186
25,371

54
00
35
71
59
62
75
00
46
05
85
95
00
84
00
65
43
23
34
11

$647,197 81
P lan, permanent. P a r value o f shares, $100. Instalm ents are 25 cents,
40 cents, 50 cents, 70 cents and $1 m onthly.
Shares in fo rce J anu ary 1, 1917, 15,807; shares issued du rin g the year,
12,680; shares w ithdraw n during the year, 5,075; shares in force, 23,412.
B orrow in g members, 52, holding 1,589 shares; non-borrow ing members, 1,062,
h oldin g 21,823 shares.
Fem ale shareholders, 450, holdin g 4,500 shares.
T ota l dividends credited m em bers during th e year on instalm ent shares,
$2,126.51; rate, 6 per cent. T ota l dividends credited or pa id in cash to m em ­
bers du rin g th e year on oth er shares, $16,137.73; rate, 4 % per cent., 5 per
cent., 5 % per cent, and 6 per cent.
N o unpaid w ithdraw als.
A m oun t o f shares m atured du rin g the year,
$8,000.79. Entrance fee, 25 cents per share. O perating expenses, as defined
in section 390 o f the B anking Law , incurred and paid du rin g the year,
$16,260.40. Operating expenses, as defined in section 390 of the Banking Law,
incurred during the yea r and rem aining unpaid, $31.05.
Prem ium plan, instalm ent. In terest paid b y b orrow in g members, 6 per
cent. Prem ium paid b y borrow in g members, 10 cents per share per month.
Loans have been made in B ron x, K in gs, N ew Y ork, Orange, Queens, and
W estchester counties, N ew Y ork State, and in Texas and V irg in ia . Largest
m ortgage loan outstanding, $21,494. M ortgages in force in N ew Y ork State,
$238,221.82. One foreclosure du rin g the year.

CALIFORNIA PERFUME COMPANY EMPLOYEES’ SAVINGS AND LOAN
ASSOCIATION
N o. 31 P a rk place, N ew Y ork , N. Y .
[Organized
Officers
President.....................
Secretary.....................
Treasurer...................

under Law of 1914. Commenced business 1915]
Names
Post-office addresses
A. D. HENDERSON....................................... 31 Park Place.
A. E. WILLIAMS.............................................
31
park Place.
WM. SCHEELE.................................................. 31 Park Place.

ASSETS
Loans on bond and m ortg a g e.................................................................
Stocks and b o n d s .......................................................................................
Cash on hand and in b a n k .....................................................................




$7,900 00
9 ,8 4 0 00
217 28
$17,957 28

224

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LIABILITIES
D ue shareholders, d u es............................................................................
D ue shareholders, dividends cred ited .................................................
B orrow ed m oney .......................................... , ..........................................
G uaranty fun d (a s per section 392 o f B anking L a w ) ................

RECEIPTS
Cash on hand Janu ary 1, 1917..............................................................
D ues credited to m em bers.......................................................................
M oney b o r r o w e d .........................................................................................
F ines received ..............................................................................................
In terest received .......................................................................................
D ividends retained on w ith d raw als....................................................
C on tribu tion from C aliforn ia P erfum e C o., I n c ...............................

$13,455
1,089
3 ,3 5 0
62

00
71
00
57

$17,957 28
-------= •
$261
7, 029
8 ,8 7 5
4
772
12
130

94
00
00
54
84
85
80

$17,086 97
DISBURSEMENTS
L oaned on m ortga ge...................................................................................
Dues repaid on w ithdraw al, or applied on lo a n s...........................
D ividends paid on w ithdraw al, or applied on lo a n s....................
P a id b orrow ed m oney and p rior m ortg a g es....................................
P a id in terest on borrow ed m oney and p rior m ortga ges................
P a id r e n t .......................................................................................................
P a id banking departm ent, exam ination .............................................
P a id banking departm ent, assessm ent...............................................
Cash on hand Decem ber 31, 1917..........................................................

$ 7 ,9 0 0
3 ,0 8 8
127
5 ,5 2 5
211
5
10
1
217

00
00
61
00
98
00
50
60
28

$17,0 8 6 97
P lan , serial. P a r value o f shares, $100. Instalm ents are $1 m onthly.
Shares in fo rce Janu ary 1, 1917, 4 63; shares issued du rin g th e yea r, 24 3 ;
shares w ithdraw n du rin g th e year, 169; shares in force, 537. N o borrow in g
members. N on -borrow in g members, 97, h oldin g 537 shares. Fem ale share­
holders, 54, h oldin g 239 shares. T ota l dividends credited members du rin g
th e year on instalm ent shares, $659; rate, 6 per cent.
N o unpaid w ithdraw als. O perating expenses, as defined in section 390 o f
th e B ank ing Law , incurred and paid du rin g the year, $17.10. U npaid, none.
N o prem ium plan. N o prem ium charged.
Loans have been made in Rockland cou nty, N ew Y o rk State.
L argest m ortgage loan outstanding, $5,000. M o rtg a g e s ,in force in N ew
Y o rk State, $7,900. N o foreclosures du rin g the year.

CITIZENS' SAVING AND LOAN ASSOCIATION OF NEW YORK CITY
N o. 215 W est 125th street, N ew Y ork , N. Y .
[Organized under Law o f 1851. Commenced business 1889]
Officers
Names
Post-office addresses
President..................... WILMORE ANWAY............................. 141Broadway.
Secretary..................... E. M. CUTLER.....................................
56
Pine Street.
Treasurer...................
GUSTAVUS REHAHN......................... 420West 130th Street.
141Broadway.
Attorney...................... WILMORE ANWAY.............................
ASSETS
Loans on bond and m ortg a g e...............................................................
L oans on sh a res............................................................................................
Stocks and b o n d s....................
R ea l estate ..............................
Cash on hand and in bank
F u rn itu re and fix tu res.........




$59,3 8 9
695
1 ,3 50
2 ,0 6 2
3 ,0 3 0
300

57
00
00
89
67
00

$66,828 13

H

ew

Y

ork

C

ounty

LIABILITIES
D ue shareholders, d u es............................................................................
Due shareholders, dividends cred ited .................................................
U ndivided profits .......................................................................................
G uaranty fund (a s per section 392 o f B anking L a w ) ................
A ccrued interest .......................................................................................
L iberty bond a ccou n t................................................................................

225
$59, 7.14
3, 520
1,107
2 ,2 4 8
3
233

59
62
53
97
42
00

$66,8 2 8 13
RECEIPTS
Cash on hand Janu ary 1, 1917............................................................
Dues credited to m em bers.....................................................................
M oney borrow ed .......................................................................................
M ortgages redeemed, foreclosed o r transferred t o real estate.
Loans on shares re p a id ..............................................................................
In terest received .......................................................................................
Prem ium received ....................................................................................
P rofit and loss ...........................................................................................
D ividends credited instalm ent shares...............................................
G uaranty fun d ...........................................................................................
L ib erty bonds s o ld .....................................................................................
In terest on b on d s.......................................................................................

$1 ,09 6
14, 227
6, 300
17, 350
450
3 ,3 6 5
559
1,218
144
1 ,883
6

31
44
00
00
00
41
10
06
32
78
00
34

$46,600 76
DISBURSEMENTS
Loaned on m o rtg a g e...................................................................................
Loaned on shares.......................................................................................
Dues repaid o n w ithdraw al, or applied on lo a n s .........................
D ividends paid on w ithdraw al, o r applied on lo a n s ....................
Cash dividends paid on incom e and accum ulative prepaid
shares .........................................................................................................
P aid borrow ed m oney and prior m ortga ges......................................
P a id interest on borrow ed m oney and p rior m ortga ges...........
P aid salaries and cle r k -h ir e ...................................................................
P a id advertising, p rin tin g and p osta ge...........................................
P a id rent .......................................................................................................
P a id taxes, insurance, e t c .......................................................................
P a id banking departm ent, exam ination ...........................................
P aid banking departm ent, assessm ent...............................................
Sundry expense .........................................................................................
Suspense a c c o u n t .........................................................................................
P rofit and loss, gu aranty fu n d ............................................................
P ro fit and loss, dividends credited instalm ent shares................
L ib e rty bonds pu rch ased............................................................................
Exchange ......................................................................................................
P ro fit and lo s s ..............................................................................................
In terest on b o n d s.......................................................................................
Cash on hand Decem ber 31, 1917........................................................

$8, 500
560
17,146
1,516

00
00
38
79

1, 596
8 ,8 0 0
31
660
53
183
24
19
5
100
2
144
1,218
3 ,0 0 0

13
00
33
00
60
20
33
50
27
87
00
78
32
00
11
4 56
2 92
3 ,0 3 0 67

$46, 600 76
Plan, permanent. P a r value o f shares, $250. Instalm ents are 50 cents
weekly.
Shares in force Ja n a ry 1, 1917, 610; shares issued d u rin g th e year, 7 4 ;
shares w ithdraw n d u rin g the year, 110; shares in force. 574. B orrow in g
members, 27, h oldin g 174 shares; non-borrow ing mem bers, 140, h oldin g 400
shares. Fem ale shareholders, 36, h oldin g 125 shares. T ota l dividends cred­
ited m em bers durin g th e year on instalm ent shares, $1,218.32; rate, 4 % per
cent. T ota l dividends credited or paid in cash to m em bers d u rin g the year on
other shares, $1,596.13; rate, 4 % per cent.
8




226

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N o unpaid w ithdraw als. O perating expenses, as defined in section 390 of
the Banking Law , incurred and pa id during the year, $1,002.28. U npaid, none.
Prem ium plan, instalm ent. In terest pa id b y b orrow in g m em bers, 5 % per
cent, and 6 per cent. Prem ium paid b y b orrow in g members, 5 cents per
share per week.
Loans have been m ade in K in gs, N ew Y ork , Queens, R ockland and W est­
chester counties, N ew Y ork State and in N ew Jersey. L argest m ortgage loan
outstanding, $5,000. M ortgages in force in New Y ork State, $30,489.57. N o
foreclosures durin g th e year.

THE CO-OPERATIVE BUILDING BANK
Nos. 23 and 25 E ast T w enty-sixth street, N ew Y ork , N . Y .
[Organized
Officers
Vice-President............
Secretary.....................
Treasurer...................
Attorneys.....................

under Law o f 1851. Commenced business 1890]
Names
Post-office addresses
RANSON CAYGILL...............
130 Water Street.
ROBERT B. WALDO...............
23 and 25 East 26th Street.
CHARLES L. HEINS.............
Glen Ridge, N. J.
MACKELAR & GERBRACHT 43 Cedar Street.

ASSETS
Loans on bond and m ortg a g e.........................
L oans on shares .................................................
Shares o f Land Bank o f State o f N ew Y ork
C ontracts fo r the sale o f real e sta te .............
R eal estate ..........................................................
Cash on hand and in b a n k ................................
F u rn itu re and fix tu res.........................................
A dvances fo r taxes, insurance, e t c ..................

$ 6 ,1 0 0 OO
2 ,2 5 5 00

1,000 00
4 ,3 3 7 61
111,400 75
416 04

100 00
24 00
$125,633 40

LIABILITIES
D ue shareholders, d u e s ............................................................................
D ue share holders, m atured shares....................................................
D ue shareholders, dividends cred ited .................................................
P r io r m ortgages .......................................................................................
U ndivided profits .......................................................................................
G uaranty fun d (as per section 392 o f B anking L a w ) ................
A ccrued in terest pa ya b le..........................................................................

$ 4 6 ,8 4 4
31, 343
18, 207
2 5 ,0 0 0
1, 047
2, 565
625

58
40
56
00
81
05
00

$125,633 40
RECEIPTS
Cash on hand Janu ary 1, 1917.............................................................
D ues credited t o m e m b e r s ...................................................................
M ortgages redeemed, foreclosed o r transferred t o real e s t a t e ..
Fines r e c e iv e d ..............................................................................................
In terest received .......................................................................................
Prem ium received .....................................................................................
R en t received ..............................................................................................
Advances repaid .......................................................................................
C ontracts fo r th e sale of real esta te ...................................................

$916
79
700
IS
496
169
2, 647
28
690

04
89
00
16
88
79
74
00
27

$5 ,74 3 77
DISBURSEMENTS
D ues repaid on w ith draw al, o r applied on lo a n s ...........................
P a id m atured shares................................................................................
D ividends paid on w ithdraw al, o r applied on lo a n s ....................
P a id in terest on borrow ed m oney and p rior m ortga ges................
P aid salaries and clerk -h ire.................................................................




$176
400
32
625
1 ,5 66

53
00
00
00
50

N e w Y ork C ounty
P aid advertising, prin tin g and p osta g e ..........................................
P a id rent .......................................................................................................
P a id repairs to real esta te.......................................................................
P a id taxes, insurance, e t c ........................................................................
P aid banking departm ent, exam ination .............................................
P aid banking departm ent, assessm ent...............................................
Advances fo r taxes, insurance, e t c ........... . ..........................................
C ontracts fo r the sale of real esta te...................................................
Legal e x p e n s e ................................................................................................
Real estate expense.....................................................................................
Su ndry e x p e n s e s .........................................................................................
Cash on hand Decem ber 31, 1917..........................................................

227
$105
686
985
506
29
8
18
48
62
12
64
416

72
38
92
29
25
53
00
94
75
75
17
04

$5,743 77
Plan, permanent. P er value o f shares, $100. Instalm ents are 12 cents per
week; 10 cents, 20 cents, 25 cents, 50 cents, 75 cents a nd $1 m onthly.
Shares in fo rce Ja n u a ry 1, 1*917, 2,837; shares issued du rin g th e year, n one;
shares w ithdraw n during th e year, 2 0 ; shares in force, 2,817. B orrow in g
members, 19, h oldin g 159 shares; non-borrow ing .members, 293, holdin g 2,658
shares. Fem ale shareholders, 89, h oldin g 561 shares. A m ou n t o f filed and
unpaid w ithdraw als December 31, 1917, $20,204.40.
A m oun t o f shares m atured du rin g the yea r, $1,000. M em bership fee, $1
per member or 25 cents per share. O perating expenses, as defined in Section
390 o f the Banking Law , incurred and paid durin g the year, $2,422.77.
U npaid, none.
Prem ium plan, instalm ent and prem ium interest. In terest paid b y b orrow ­
in g m em bers, 5 % per cent, and 6 per cent. Prem ium paid b y b orrow in g mem­
bers, 1 4-5 p e r cent.
Loans have been made in Albany, E rie, Orange, U lster and W estchester
counties, N ew Y ork State and in Connecticut, P ennsylvania and R h ode Island.
L argest m ortgage loan outstanding, $2,800. M ortgages in force in N ew Y ork
State, $5,100. N o foreclosures du rin g th e year.

CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION OF NEW YORK
N o. 14 B ible H ouse, N ew Y ork, N. Y .
[Organized
Officers
President.....................
Secretary.....................
Treasurer...................
Attorneys...................

under Law of 1851. Commenced business 1888]
Names
Post-office addresses
CHARLES STUART FOLSOM...............
14 Bible House.
ARTHUR G. HOLBROOK.................. „ .
14 Bible House.
ALBERT M. GLOVER................................ 14 Bible House.
AUSTIN & McKOWON............................
5ft Church Street.

ASSETS
Loans on bond and m ortg a g e...........................
Loans on shares...................................................
Stocks and b o n d s.................................................
Shares o f Land Bank of State of N ew Y ork
Cash on hand and in b a n k .............................
Furn itu re and fix tu res......................................

$146, 650 00
895 00

2, 000 00
10,000 00
5 ,1 3 8 44

1 00
$164,684 44

LIABILITIES
Due shareholders, dues and dividends cred ited ................................
B alance to be pa id borrow ers on m ortgage lo a n s .........................
Advances b y Land B a n k ..........................................................................
U ndivided profits .......................................................................................
G uaranty fun d (a s per section 392 o f Banking L a w ) ..................




$107,281
1 ,1 5 0
45, 000
3 ,8 4 0
6, 500

62
00
00
73
00

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Suspense account ................................................. ...................................
A p p ra isa l and exam ination ch arges....................................................
In terest due and a ccru ed .......................................................................

$85 55
593 44
233 10
$164, 684 44

RECEIPTS
Cash o n hand Ja n u a ry 1, 1917...............................................................
Dues credited to m em bers.......................................................................
M oney b orrow ed .........................................................................................
M ortgages redeemed, foreclosed or transferred t o real e s t a t e ..
Fees r e c e iv e d ................................................................................................
F ines received ..............................................................................................
In terest r e c e iv e d .........................................................................................
P rem iu m r e c e iv e d .........................
B u ild in g and loan con tra cts.....................................................................
D ividend, L an d B a n k .................................................................................
A pp ra isa l and exam ination ch arges......................................................
Land Bank, bond a ccou n t..........................................................................
Land B a n k ....................................................................................................

$925
2 5 ,67 6
5 ,4 1 7
30, 300
7
1
9 ,4 5 4
27
2 0 ,0 0 0
250
230
5 0,283
50, 283

69
09
28
00
00
72
08
12
00
00
00
50
50

$192,855 98
DISBURSEMENTS
L oaned o n m o rtg a g e.....................................................................................
L oan ed on shares.........................................................................................
D ues repaid on w ith draw al, o r applied o n lo a n s ...........................
Gash dividends p a id 'o n incom e and accum ulative prepaid shares
P a id borrow ed m on ey an d p rior m ortga ges........................._............
P a in in terest on borrow ed m oney and p r io r m o r tg a g e s ...............
P a id salaries and cleric-hire.....................................................................
P a id a dvertisin g, p rin tin g and p osta ge...............................................
P a id ren t .......................................................................................................
P a id banking departm ent, exa m in a tion .............................................
P a id .banking departm ent, assessm ent.................................................
Officers’ b o n d s ..............................................................................................
S u n d ry e x p e n s e s ..........................................................................................
League dues and expenses........................................................................
D ividends .......................................................................................................
B u ild in g and loa n co n tra cts ...................................................................
L ib erty bonds pu rch ased..........................................................................
L an d Bank, bond a cco u n t..........................................................................
L an d B a n k ....................................................................................................
Interest, L an d Bank and Queens C ounty T ru s t C o .........................
A p p ra isa l a nd exam ination ch arges...................................................
D irectors’ f e e s ..............................................................................................
A u d ito rs and by-law com m ittees fees.................................................
R egisterin g assigments t o Land: B a n k ...............................................
Cash on h and Decem ber 31, 1917............................................................

$ 5 8 ,6 0 0 00
50 00
27 ,00 8 96
3 ,6 5 5 30
15, 417 28
1,609 47
687 52
177 81
500 00
26 00
874
33 13
5 60
78 15
1, 394 10
18, 850 00
2, 000 00
55 ,28 3 50
283 50
1 ,0 8 5 63
593 59
300 00
59 13
10 13
5 ,1 3 8 44
$192,855 98

P la n , permanent. P a r valu e o f shares, $100. Instalm ents are 10 cents
w eek ly a n d 4 3 % cents m onthly.
Shares in fo rce J a n u a ry 1, 1917, 3 ,6 8 6 % ; shares issued d u rin g th e year, 4 3 4 ;
shares w ithdraw n d u rin g th e year, 5 7 % ; shares in force, 4,063. B orrow in g
m em bers, 27, h old in g 1,446 shares; non-borrow ing mem bers, 251, h oldin g 2,617
shares. Fem ale shareholders, 105, h oldin g 2,107 shares. T ota l dividends
credited m em bers d u rin g the yea r on in stalm en t shares, $1,364.16; ra te 5 per
cent. T o ta l dividends credited o r pa id in cash t o mem bers durin g the yea r on
oth er shares. $3,685.24; rate 4 p e r cent, and 5 p er cent.




229

N e w Y ork C ounty

N o unpaid w ithdraw als.
M em bership fee, $1.
Operating expenses, as
defined in section 390 of the Banking Law , incurred and paid du rin g the year,
$1,851.47. U npaid, none.
Prem ium plan, instalm ent. Interest paid b y b orrow in g members, 6 per cent.
N o prem ium charged.
Loans have been made in B ronx, K in gs, N ew Y ork , Queens, R ichm ond and
W estchester counties, N ew Y ork State and; in N ew Jersey. L a rg est m ortgage
loan ou tstanding, $27,100. M ortgages in force in N ew Y ork State, $123,750.
N o foreclosures du rin g th e year.

EDGEHILL CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION
N o. 233 B roadw ay, N ew Y ork, N . Y .
[Organized under Law of 1909.

Commenced business 1909]

Officers
Names
Post-office addresses
Secretary................... ALPHEUS H. FAVOUR.............................. Prescott, Arizona.
Acting Secretary....... FRANK DLOUHY, Ja.................................. 233 Broadway.
ASSETS
Gash on hand a nd in b a n k .......................................................... ..

$387 94

LIAB ILITIES
Undivided profits

$387 94
RECEIPTS

Cash on hand January 1, 1917..............................................................
Dues credited to m em bers..........................................................................
M ortgages redeemed, foreclosed o r transferred t o real e s t a t e ..
Interest r e c e iv e d .........................................................................................
D ividends retained on w ith d raw a ls......................................................

$ 4 ,4 3 4
908
30, 000
479
8

49
00
00
94
01

$35, 830 44
DISBURSEMENTS
Dues repaid on w ithdraw al, or applied on lo a n s ...............................
D ividends pa id on w ithdraw al, or applied on lo a n s ......................
Cash dividends paid on incom e an d accum ulative prepaid shares
P a id salaries and clerk -h ire.....................................................................
P a id ren t ......................................................................................................
P a id banking dep artm en t..........................................................................
Cash on hand December 31, 1917........... ........................................

$31,362
3, 525
470
32
45
6
387

94
78
00
28
00
50
94

$35,830 44
Plan, permanent. P a r value o f shares, $200. Instalm ents a re $1 m onthly.
Shares in fo rce Janu ary 1, 1917, 4 4 0 % ; shares issued du rin g the year, none;
shares w ithdraw n du rin g th e year, 4 4 0 % ; shares in force, none. T ota l d iv i­
dends credited mem bers du rin g the year on instalm ent shares, $856.55; rate 5
per cent. T ota l dividends credited o r paid in cash t o mem bers du rin g the year
on other shares, $470; rate, 5 per cent.
N o unpaid w ithdraw als.
Entrance fee, 10 cents per share.
Operating
expenses, as defined in section 390 o f th e B anking Law , incurred and paid
du rin g the year, $77.28. U npaid, none.
Prem ium plan, gross. Interest paid b y b orrow in g members, 5 % per cent,
and 6 per cent. N o prem ium charged.
N o loans outstanding. N o foreclosures du rin g th e year.




230

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THE FIRST BOHEMIAN-SLA.VONIC CO-OPERATIVE SAVINGS AND
LOAN ASSOCIATION
N o. 420 E a st Seventy-first street, N ew Y o rk , N . Y .
[Organized
Officers
President....................
Secretary.....................
Treasurer...................
Attorney.....................

under Law o f 1894. Commenced business 1899]
Names
Post-office addresses
THOMAS CAPEK....................................
1429 First Avenue.
VACLAV VESELT.................................. 419 East 72d Street.
JAN STANEK....................................... 368> East 72d Street.
THOMAS CAPEK....................... .. .......... 1429 First Avenue.

ASSETS
L oan s on bond and m o rtg a g e .................................................................
Loans on shares............................................................................................
Stocks and b on d s.........................................................................................
Cash on hand and in b a n k .....................................................................
F u rn itu re and fixtu res..............................................................................
In terest, prem ium , fees and fines due and u n p a id .........................
L ib e rty bonds held fo r m em bers..........................................................

$12,000
1 ,6 90
100
441
26
364
641

00
00
00
83
84
30
00

$ 15,263 97
LIAB ILITIES
D u e shareholders, d u es..............................................................................
D ue shareholders, dividends cred ited ........................................ k. . .
U ndivided profits .......................................................................................
G uaran ty fu n d (a s per section 392 o f Banking L a w ) ..................

$12,9 7 5
1 ,1 45
416
727

50
44
03
00

$15,2 6 3 97
RECEIPTS
Cash on hand Janu ary 1, 1917...................................................
D ues credited t o m em bers.......................................................................
M on ey b o r r o w e d .........................................................................................
M ortgages redeemed, foreclosed or transferred to real e s t a t e ..
L oans o n shares re p a id ..............................................................................
Fees r e c e iv e d ................................................................................................
F ines r e c e iv e d ..............................................................................................
In terest r e c e iv e d .........................................................................................
D ividends retained on w ith draw a ls......................................................
P r o fit and lo s s ..............................................................................................
Paym ents on L ib e rty b on d s...................................................................

$182 90
1 ,6 4 5 25
500 00
1 ,0 0 0 00
628 00
3 00
33 50
849 43
66 32
2 00
1,5 59 00
$6 ,46 9 40

DISBURSEMENTS
Loaned on shares.........................................................................................
D ues repaid on w ithdraw al, o r applied on lo a n s ...........................
D ividends p a id on w ith draw al, o r applied on lo a n s ......................
P a id borrow ed m oney and p rior m ortga ges......................................
P a id interest on borrow ed m oney and p rior m ortga ges................
P a id salaries and clerk -h ire...................................................................
P a id advertising, p rin tin g and p osta ge.............................................
P a id ren t .......................................................................................................
P a id banking departm ent, exam ination .............................................
P a id bank in g departm ent, assessm ent...............................................
L ib e rty bonds pu rch ased..........................................................................
Cash on hand Decem ber 31, 1917..........................................................




$802
1 ,4 57
117
1 ,1 0 0
70
123
28
14
13
1
2 ,3 0 0
441

00
75
00
00
08
00
85
00
00
89
00
83

$6,469 40

N

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ork

231

C ounty

Plan, permanent. P a r value o f shares, $200. Instalm ents are 25 cents
weekly.
Shares in fo rce January 1, 1917, 170; shares issued du rin g the year, 3 ;
shares w ithdraw n du rin g the year, 3 7 ; shares in force, 136. B orrow in g mem­
bers, 11, h oldin g 32 shares; n on-borrow ing members, 31, h oldin g 104 shares.
Female shareholders, 15, holding 42 shares. T ota l dividends credited m em ­
bers du rin g the year on instalm ent shares, $764.60; rate, 4 % per cent.
N o unpaid w ithdraw als.
Mem bership fee, $1.
O perating expenses, as
defined in section 390 o f th e Banking Law , incurred and paid durin g the year,
$158.70. U npaid, none.
Prem ium plan, instalm ent. Interest paid b y b orrow in g members, 6 per
cent. N o prem ium charged.
Loans have been m ade in B ron x, K in gs and Queens counties, N ew Y ork
State. L argest m ortgage loan outstanding, $5,500. M ortgages in force in
New Y o rk State, $12,000. N o foreclosures du rin g the year.

THE FRANKLIN SOCIETY FOR HOME BUILDING AND SAVINGS
No. 38 P a rk R ow , N ew Y ork, N. Y .
[Organized
Officers
President....................
Vice-President and
Manager.................
Secretary-Treasurer.
Attorney.....................

under Law of 1851. Commenced business 1888]
Names
Post-office addresses
CHARLES O’C. HENNESSY. Hackensack, N. J.
HENRY A. TH EIS...................
GILBERT LLOYD...................
FRANK H. HENNESSY........

Haworth, N. J.
2114 Caton Ave., Brooklyn.
Haworth, N. J.

ASSETS
Loans on bond and m ortg a g e................................................................. $ 2 ,6 1 1 ,8 7 1
Loans on shares............................................................................................
8,0 57
Stocks and b on d s.........................................................................................
139,100
Shares o f L an d B ank o f State of New Y o r k ..................................
10,000
Contracts fo r the sale o f real esta te...................................................
5 3,315
R eal estate ..................................................................................................
110,675
Cash on hand and in b a n k .......................................................................
62,763
Furn itu re and fixtu res..............................................................................
700
Advances fo r taxes, insurance, e t c ......................................................
794

75
90
00
00

93
63

88
00
44

$ 2 ,9 9 7 ,2 7 9 53
LIAB ILITIES
I>ue shareholders, dues and dividends cred ited ............................. $ 2 ,4 5 4 ,5 8 1
B alance to be pa id borrow ers on m ortgage lo a n s .........................
15,536
B orrow ed m o n e y .........................................................................................
230,072
Advances b y L an d B a n k ..........................................................................
190,000
U ndivided profits .......................................................................................
5 5 ,17 3
G uaran ty fu n d (a s per section 392 o f B anking L a w ) ..................
47,200
In divid u al a c c o u n t s ...................................................................................
4 ,7 16

17
00
49
00
07
00
80

$ 2 ,9 9 7 ,2 7 9 53
RECEIPTS
Cash on hand Janu ary 1, 1917............................................................
D ues credited t o m em bers.......................................................................
M oney b o r r o w e d .........................................................................................
M ortgages redeemed, foreclosed or transferred to real e s t a t e ..
Loans on shares re p a id ............................................................................
R eal estate s o ld ...........................................................................................
In terest r e c e iv e d .........................................................................................
Advances r e p a i d .........................................................................................
L ib e rty bonds ..............................................................................................
Contracts fo r the sale o f real esta te...................................................




$36,539
1,1 04 ,7 8 1
318,004
380,483
24 ,52 2
11,578
138,568
385
78,050
8 8,893

25
08
54

68
06
38

86
45
00
21

232

R

eport

on

S a v in g s

and

L

oan

A

s s o c ia t io n s

In divid u al accounts ................................................................................
A tto rn e y and appraisal paym ents........................................................
R eal estate p r o fit............................................................................; ...........
M iscellaneous p r o f i t s .................................................................................
D raw ing papers .........................................................................................
F u rn itu re and fix tu res..............................................................................
L oan s to savings and loan associations p a id ....................................
A dvances b y L an d B a n k ..........................................................................

$25,811
10,571
1 0 ,57 8
708
1,6 90
200
35 ,00 0
2 0 0 ,0 0 0

22
10
46
51
22
00
00
00

$ 2 ,4 6 6 ,3 6 1 02
DISBURSEMENTS
Loaned on m o rtg a g e...................................................................................
Loaned on shares.........................................................................................
D ues repaid on w ithdraw al, or applied on lo a n s .........................
D ividends pa id on w ithdraw al, or applied on lo a n s .......................
Gash dividends p a id on incom e and accum ulative prepaid
shares .........................................................................................................
P a id b orrow ed m oney and p rior m ortga ges....................................
P a id in terest on borrow ed m oney and p rior m ortg a g es.............
P a id fo r real esta te.....................................................
P a id salaries and clerk -h ire.....................................
P a id advertisin g, p rin tin g and p osta g e.............................................
P a id r e n t ......................
P a id repairs to real esta te.....................................................................
P a id taxes, insurance, e t c .......................................................................
P a id banking departm ent, exam ination .............................................
P a id banking departm ent, assessm ent...............................................
In divid u a l a c c o u n t s ...................................................................................
Advances fo r taxes, insurance, e tc ......................................................
A u d i t ...............................................................................................................
Com m ission on sale o f real esta te........................................................
C ontracts fo r the sa le o f real esta te.................................................
A tto rn e y and appraisal paym ents........................................................
L oa n s charged to gu a ra n ty fu n d ..........................................................
L a n d Bank rep aym en t..............................................................................
M iscellaneous, profit an d lo s s .................................................................
L ib e rty bonds pu rch a sed..........................................................................
Loans t o savings and loan association s.............................................
L an d B ank shares pu rch ased.................................................................•
S u ndry e x p e n s e s .........................................................................................
Telephone .......................................................................................................
A tto rn e y ’ s fees ............................................................................................
Gash on band Decem ber 31, 1917........................................................

$847,679
2 2 ,45 2
850,997
9 3 ,57 7

30
90
47
16

1 ,527
2 1 2 ,9 3 2
10,411
7 ,2 41
12,292
7 ,3 6 0
3 ,6 0 0
514
2 ,0 4 8
146
146
28 ,68 2
890
360
150
13,009
10,497
770
1 0,000
382
2 1 7 ,1 5 0
3 5 ,0 0 0
9 ,0 0 0
2 ,7 9 7
247
1 ,7 3 0
62 ,76 3

75
05
85
20
50
81
00
37
70
25
67
83
10
00
00
75
43
58
00
55
00
00
00
06
45
41
88

$ 2 ,4 6 6 ,3 6 1 02
P la n , perm anent. P a r valu e o f shares, $100.
Shares in fo rce J anu ary 1, 1917, 172,118; shares issued during th e year,
59,863; shares w ithdraw n durin g th e year, 37,573; shares in force, 194,408.
B orrow in g members, 1,022, holdin g 20,332 shares; non-borrow ing members,
8,660, h oldin g 174,076 shares. Fem ale shareholders, no record kept. T ota l
dividends credited or paid in cash to mem bers during the year, $95,104.91;
rate, 4 % per cent.
N o unpaid w ithdraw als. O perating expenses, as defined in section 390 o f
th e Banking L aw , incurred and paid d u rin g the year, $26,657.82. O perating
expenses, a s defined in section 390 o f the B anking Law , incurred durin g the
yea r and rem aining unpaid, $250.
N o prem ium plan. In terest paid b y b orrow in g members, 6 per cent. N o
prem ium charged.
L oan s have been m ade in B ronx,' K in gs, N assau, N ew Y ork , Queens, R ich ­
m ond, R ockland, Suffolk and W estchester counties, N ew Y ork State, and in
N ew Jersey. L a rg est m ortgage loan outstanding, $50,000. M ortgages in
fo rce in N ew Y ork State, $644,450.50. F ou r foreclosures during th e year.




N e w Y ork C ounty

233

THE GERMAN-AMERICAN BUILDING AND LOAN ASSOCIATION OF THE
CITY OF NEW YORK
N o. 1 T h ird avenue, N ew Y ork, N. Y.
[Organized
Officers
President.....................
Secretary.....................
Treasurer...................
A ttorn ey....................

under Law of 1851. Commenced business 188®]
Names
Post-office addresses
IRVING W. DIMELOW............
52 Wall Street.
HENRY G. ECKHOFtF............
412 E. 18th Street, B’klyn.
E. W. WIBSER........................
890 East 7th Street, B’klyn.
IRVING W. DIMELOW............
52 Wall Street.

ASSETS
Loans on bond and m ortg a g e........................................
Loans on s h a r e s ..................................................................
Stocks and b ond s.................................................................
Shares o f L and Bank o f State o f N ew Y o r k ...........
Contracts fo r the sale o f real esta te ...........................
R eal estate ..........................................................................
Cash on hand and in b a n k .............................................
F urniture and fixtu res......................................................
Interest, prem ium , fees and fines due and unpaid
Advances fo r taxes, insurance, e t c .............................
Special deposits ...............................................................

$103,511 47
1,9 80 00
1,237 00

1,000 00
5 ,7 7 6
33,384
3 ,7 5 3
300
117
46
35

39
08
57
00
36
00
00

$151,140 87
L IA B IL IT IE S

Due shareholders,
d u es....................................................................
D ue shareholders,
dividends cred ited ...............................................
Borrow ed m oney .......................................................................................
Undivided profits
.........................................................................
G uaranty fund (a s per section 392 o f B anking L a w ) ..................

$118,041
18 ,43 0
8 ,8 0 0
2 ,861
3 ,0 06

85
63
00
94
45

$151,140 87
R E C E IPTS

Cash on hand January 1, 1917............................................................
Dues credited to m em bers.....................................................................
M oney borrow ed ................................................................................
M ortgages redeemed, foreclosed or transferred to real e s t a t e ..
Loans on shares re p a id .........................................................................
Fines received ................................................... .......................................
In terest received .......................................................................................
Prem ium received ..............................................................................
R en t received ..............................................................................................
D ividends retained on w ith draw a ls...................................................
Advances r e p a i d .........................................................................................
Special deposits .........................................................................................
N ational defense shares............................................................................
C ontracts fo r the sale o f real esta te.................................................

$8 ,00 8 88
27,877 06

20,000 00
18,671
2 ,1 1 3
9
6,1 87
768
2 ,1 3 4
243
250
33
1,2 63
610

74
75
88
09
30
50
83
79
22
00
50

$88,172 54
DISBU RSEM EN TS

Loaned on m o rtg a g e ..................................................................................
Loaned on shares.......................................................................................
Dues repaid on w ithdraw al, or applied on loa n s.........................
D ividends paid on w ithdraw al or applied on lo a n s .................
Cash dividends paid on incom e and accum ulative prepaid
shares .........................................................................................................
P a id borrow ed m oney and p rior m ortga ges......................................
P a id interest on borrow ed m oney and p rior m ortga ges...........




$ 1 7 ,6 0 0
1,073
37,865
4 ,2 1 5

00
75
71
84

1 ,4 44 24
14,500 00
357 06

234:

R

eport

on

S a v in g s

and

L

oan

A

s s o c ia t io n s

P a id salaries and clerk-hire .................................................................
P a id advertising, p rin tin g and p osta ge.............................................
P a id r e n t .......................................................................................................
P a id repairs to real esta te.....................................................................
P a id taxes, insurance, e t c ........................................................................
P a id banking departm ent, exam ination .............................................
P a id banking departm ent, assessm ent...............................................
A dvances fo r taxes, insurance, e tc ......................................................
L ib e rty bond a ccou n t................................................................................
Special deposits .........................................................................................
M iscellaneous e x p e n s e ..............................................................................
Office e x p e n s e ................................................................................................
Cash on hand December 31, 1917..........................................................

$ 1 ,48 2
136
240
1 ,1 0 0
1 ,2 6 4
43
10
291
2 ,5 0 0
73
209
11
3,753'

50
05
00
00
94
10
21
26
00
22
11
98
57

$88,172 54
P lan , permanent. P a r value o f shares, $100 and $200. Instalm ents are
10 cents w eekly and $1 m onthly.
Shares in. force January 1, 1917, 1,933; shares issued du rin g th e year, 687;
shares w ith draw n d u rin g th e year, 4 0 0 ; shares in force, 2,220. B orrow in g
m em bers, 43, holding 886 shares; non-borrow ing members, 285, h oldin g
1,334 shares. Fem ale shareholders, 38, holdin g 134 shares. T ota l dividends
credited members durin g the year on instalm ent shares, $4,654.54; rate, 4
p er cent. T o ta l dividends credited or pa id in cash to m em bers du rin g th e
year on other shares, $1,444.24; rate, 4 per cent.
N o unpaid w ithdraw als. O perating expenses, as defined in section 390 o f
th e Banking Law , incurred and paid du rin g the year, $2,079.64. U npaid,
none.
Prem ium plan, prem ium -interest. In terest pa id b y borrow in g members, 6
per cent. N o prem ium charged.
L oans have been m ade in B ronx, K in gs, N ew Y ork , R ich m on d and W est­
chester counties, N ew Y ork State and in N ew Jersey. Largest m ortgage loan
outstanding, $4,500. M ortgages in force in New Y ork State, $88,661.47. N o
foreclosures durin g th e year.

GREENWICH BUILDING AND LOAN ASSOCIATION
N o. 21 E ast Fourteenth street, N ew Y ork, N. Y .
[Organized
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney......................

under Law o f 1831. Commenced business 18891
Names
Post-office addresses
JOHN F. CLEARY. .............................. 630 Hudson Street.
THOMAS CONROY ............................. 227 Henry Street.
M. C. F. CLEARY. .............................. 630 Hudson Street.
JAMES A. SPEER. .............................. 44 Wall Street.

ASSETS
Loans on bond and m ortg a g e ......... ".....................................................
L oan s on shares.......................................................................................
Cash on hand and in b a n k .....................................................................
F u rn itu re and fix tu res..............................................................................
Interest, prem ium , fees and fines due and u n p a id .........................

$ 6 ,0 0 0
969
1 ,268
75
' 105

00
43
60
00
66

$8 ,41 8 69
LIABILITIES
D ue shareholders, d u es..............................................................................
D ue shareholders, dividends cred ited ...............................................
G uaran ty fun d (as per section 392 o f Banking L a w ) ................
Suspense accou nt .......................................................................................




$5,896
1 ,5 5 0
375
596

00
56
94
19

$8,418 69

IS e w Y ork C ounty
T
RECEIPTS
Cash on hand Janu ary 1, 1917............................................................
Dues credited to m em bers.....................................................................
Loans on shares re p a id ............................................................................
Fines received ...........................................................................................
In terest and prem ium received............................................................
D ividends retained on w ith draw a ls...................................................

235
$ 1 ,81 9 75
853 20
841
38 61
456 04
20 22
$ 3,196 23

DISBURSEMENTS
L oaned on shares.........................................................................................
Dues repaid on w ithdraw al, or applied on lo a n s ...........................
D ividends pa id on w ithdraw al, or applied on lo a n s ......................
P a id advertising, prin tin g and p osta g e ..........................................
P a id rent .......................................................................................................
P aid banking departm ent, exa m in a tion ..........................................
P a id banking departm ent, assessm ent...............................................
Officers’ bonds ...........................................................................................
Cash on hand Decem ber 31, 1917........................................................

$500
872
392
11
120
10
1
20
1 ,268

00
00
33
80
00
00
50
00
60

$3 ,19 6 23
P lan , serial. P a r value o f shares, $200 and $250. Instalm ents are 20
cents and 25 cents w eekly.
Shares in fo rce Janu ary 1, 1917, 159; shares issued du rin g the year, 4 3 ;
shares w ithdraw n during the year, 2 9 ; shares in force, 173. B orrow in g
mem bers, 1, h oldin g 2 4 shares; non-borrow ing members, 35, h oldin g 149
shares. Fem ale shareholders, 25, holdin g 111 shares. T ota l dividends credited
members du rin g th e year on instalm ent shares, $331; rate 4 % per cent.
N o unpaid w ithdraw als. O perating expenses, as defined in section 390 o f
the Banking Law , incurred and pa id du rin g the year, $151.80. U npaid, none.
Prem ium plan, instalm ent. Interest paid b y borrow in g members, 5 per
cent, and 6 per cent. Prem ium paid b y b orrow in g members, 2 per cent.
Loans have been made in New Jersey. L argest m ortgage loan outstanding,
$6,000. N o m ortgages in force in N ew Y o rk State. N o foreclosures during
the year.

HARLEM RIVER BUILDING LOAN AND SAVINGS ASSOCIATON
407 E ast Forty-seventh street, N ew Y ork , N. Y .
[Organized
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................

under Law o f 1851. Commenced business 1891]
Names
Post-office addresses
FRED D IETZ.......................................... 407 East 47th Street.
AUGUSTUS W.BUGGELN................
3112 Webster Avenue.
C. F. SCHANE.....................................
2060 Third Avenue.
AMOS H. STEPHENS.......................... 30 East 42nd Street.

ASSETS
R eal e s t a t e ....................................................................................................
Cash on hand and in b a n k .....................................................................

$2 ,27 9 92
829 78
$3,109 70

LIABILITIES
D ue shareholders, dues and dividends cred ited .............................
U ndivided profits .......................................................................................
G uaranty fun d (a s per section 392 o f Banking L a w ) ................




$2,255 00
604 70
250 00

$3,109 70

236

R eport

on

S avings

and

L oan A ssociations

r e c e ip t s

Cash on hand Janu ary 1, 1917............................................................
In terest r e c e iv e d .........................................................................................
R en t received ..............................................................................................

$667 53
26 23
180 00
$873 76

DISBURSEMENTS

P a id
P a id
P a id
P a id
Cash

advertising, p rin tin g and p osta g e.............................................
taxes, insurance, e t c ........................................................................
hanking departm ent, exa m in a tion .............................................
banking departm ent, assessm ent...............................................
on hand Decem ber 31, 1917........................................................

$2 50
33 30
7 00
118
829 78
$873 76

P la n , perm anent. P a r value o f shares, $100. Instalm ents are 55 cents
m onthly.
Shares in fo rce J anu ary 1, 1917, 9 0 ; shares issued du rin g th e year, n on e;
shares w ithdraw n du rin g th e year, n on e; shares in force, 90. N o b orrow in g
members. N on -borrow in g members, 7, h oldin g 90 shares. Fem ale share­
holders, none.
N o u n paid w ithdraw als.
Entrance fee, 25 cents per share. O perating
expenses, as defined in section 390 o f the B anking L aw , incurred a nd paid
du rin g the year, $2.50. U npaid, none.
P rem ium plan, prem ium -interest. In terest p a id b y b orrow in g members,
6 p er cent. P rem ium p a id by- b orrow in g mem bers, 6 per cent. N o prem ium
charged.
N o loans outstanding. N o foreclosures d u rin g the year.

MANHATTAN SAVINGS AND LOAN ASSOCIATION
N o. 185 E ast 117th street, N ew Y ork , N . Y .
[Organized
Officers
President......................
Secretary......................
Treasurer.....................
Attorney .......................

under Laws of 1910. Commenced business 1913]
Names
Post-office addresses
JOHN B. BURGER..................
354 East 83rd Street.
FRANK W AGNER.....................
347 Beekman Avenue.
F R A N K RADOVAN.................. 247 East 122nd Street.
W ALTER L . DURACK............
215 Montague St., Brooklyn.
ASSETS

L oan s on bond and m o rtg a g e ......................................
L oan s on shades ...............................................................
Stock s and b o n d s .............................................................
Shares o f L and Bank o f S tate o f N ew Y o r k .........
Cash on hand and in b a n k ...........................................
F u rn itu re and fixtu res............................................. ....
In terest, prem ium , fees and fines due and unpaid
Special deposits ...............................................................

$ 3 0 ,0 5 0 00
150 00
500 00

1,000 00
2 ,2 4 3 33

120 00
30 75

120 00
$34, 214 08

LIABILITIES

D ue shareholders, d u es..............................................................................
D ue shareholders, dividends cred ited .................................................
U ndivided profits .....................................................................................
G uaran ty fu n d (a s per section 392 o f B anking L a w ) ................




$ 32,097
1 ,7 8 4
131
200

46
$5
23
54

$34,2 1 4 08

N ew Y ork C ounty

237

RECEIPTS

Cash on hand Janu ary 1, 1917............................................................
Dues credited t o m em bers........................................................................
M ortgages redeemed, foreclosed o r tran sferred t o real e s t a t e ..
Fees received ................................................................................................
In terest received .....................................................................................
D ividends retained on w ith d raw a ls....................................................
A p p r a is a ls ......................................................................................................
L egal e x p e n s e ...............................................................................................
M etropolitan l e a g u e ...................................................................................
M on ey exchanges .......................................................................................

$3, 862
2 4 ,16 2
2 ,5 0 0
21
1 ,4 76

68
68
00
50
92
73
87 00
50 00
391
1, 996 51

$33,261 93

DISBURSEMENTS

Loaned on m ortgage ................................................................................
Loaned on shares .....................................................................................
Dues repaid on w ith draw al, o r applied on lo a n s .............................
D ividends pa id on w ith draw al, or applied on lo a n s ....................
P a id salaries and clerk -h ire...................................................................
P a id advertising, p rin tin g and p osta ge.............................................
P a id ren t .......................................................................................................
P a id taxes, insurance, e t c ........................................................................
P a id banking departm ent, exa m in a tion ...........................................
P a id banking departm ent, assessm ent...............................................
League d u e s ..................................................................................................
L ib erty bonds pu rch ased..........................................................................
Special deposit .......................................
A pp raisal and legal expense...................................................................
J a n i t o r ............................................................................................................
Officers’ bonds ............................................................................................
L i g h t ................................................................................................................
N o t a r y .............................................................................................................
M oney exchanges .......................................................................................
Cash on hand Decem ber 31, 1917........................................................

$14, 300
150
14,266
329
70
22
6
3
10
2
8
500
100
119'
13
12
3
6
1, 096
2 ,2 4 3

00
00
32
24
00
84
50
06
00
38
00
00
00
50
00
00
00
00
76
33

$33,261 93

P lan , permanent. P a r value o f shares, $100. Instalm ents are 50 cents
m onthly.
Shares in force J anu ary 1, 1917, 817; shares issued du rin g th e year, 305;
shares w ithdraw n du rin g the year, 150; shares in force, 972. B orrow in g
members, 14, h oldin g 302 shares; n on-borrow ing members, 138, h oldin g 670
shares. Fem ale shareholders 26, h oldin g 136 shares. T ota l dividends cred­
ited members d u rin g th e yea r on instalm ent shares, $864.51; rate, 5 per
cent. T ota l dividends credited or pa id in cash to members du rin g the year
on oth er shares, $260.04; rate, 4 % per cent.
N o unpaid w ithdraw als. M em bership fee. 50 cents. O perating expenses,
as defined in section 390 o f the B anking Law , incurred and paid durin g
th e year, $140.74. U npaid, none.
Prem ium plan, instalm ent. Interest paid b y b orrow in g members, 6 per
cent. N o prem ium charged.
Loans have been made in K in gs, Queens and W estchester counties. N ew
Y o rk State, and in N ew Jersey. L argest m ortgage loan outstanding, $6,000.
M ortgages in force in N ew Y ork State, $10,500. N o foreclosures during the
year.




238

R eport

on

S avings

L oan A ssociations

and

MOUNT MORRIS CO-OPERATIVE BUILDING AND LOAN ASSOCIATION
N o. 147 E a st 125th street, N ew Y ork , N . Y .
[Organized under Law of 1851.
Officers
President......................
Secretary......................
Treasurer.....................
Attorney.......................

Commenced business 1888]

Names
JAMES G. PATTON.....................
C. WOODS BOW ERS...................
CHARLES T. DEERING. . . . . .
JOHN P. DUNN................................

Post-office addresses
824 Jackson Avenue.
507 W . 160th Street.
Bath Beach.
41 Park Row.

ASSETS

$ 1 8 ,9 1 6
6 ,6 8 5
40 ,60 7
2 ,7 3 8

L oan s on bond and m ortg a g e ......................................
C ontracts fo r th e sale o f rea l esta te.........................
R ea l e s t a t e ..........................................................................
Cash on hand and in b a n k ...........................................
F u rn itu re and fixtures ...............................................
In terest, prem ium , fees and fines due and unpaid
A dvances fo r taxes, insurance, e tc ...........................

75
34
35
82

200 00
440 97
64 89
$ 6 9 ,6 5 4 12

LIABILITIES

D ue shareholders, dues and dividends cre d ite d .............................
U ndivided profits .......................................................................................
G uaran ty fu n d (a s per section 392 o f B anking L a w ) ................
Suspense accounts .....................................................................................
Com m ission account .................................................................................
i

$ 6 6 ,5 1 6
448
2 ,0 5 5
625
8

68
26
43
00
75

$ 6 9 ,6 5 4 12
RECEIPTS

,

Cash on hand Janu ary 1, 1917............................................................
D ues credited t o m em bers..........................................
M ortgages redeemed, foreclosed or transferred t o real esta te. .
R ea l estate s o ld ....................................................................................... '..
In terest received .......................................................................................
P rem iu m r e c e iv e d .......................................................................................
R en t received ..............................................................................................
A dvances r e p a i d .........................................................................................
C on tracts fo r th e sale o f real esta te.................................................
T e le p h o n e ........................................................................................................
F ir e insurance ............................................................................................
R e b a t e ..............................................................................................................

. . . . ---------

$385 92
455 00
300 00
7 ,0 0 0 00
1 ,1 2 8 49
196 22
1, 111 00
189 28
2 ,1 1 7 66
69 59
75 00
2 85
$ 13,031 01

DISBURSEMENTS

-------- - - -----------

Loaned on m ortgage .................................................................................
D ues repaid on w ith draw al, or applied on lo a n s ...........................
P a id salaries and clerk -h ire...................................................................
P a id advertising, p rin tin g and posta ge.............................................
P a id ren t .......................................................................................................
P a id repairs to rea l esta te .....................................................................
P a id taxes, insurance, e t c ...........................................................
P a id banking departm ent, exam ination ...................................
P a id banking departm ent, assessm ent...............................................
Officers’ bonds ..............................................................................................
T e le p h o n e .......................................................................................................
C o lle c t io n .......................................................................................................
Com m ission, sale o f real e sta te............................................................
Loss on sale o f real esta te.....................................................................
Cash on hand Decem ber 31, 1917........................................................




$ 6 ,00 0 00
1,137 19
600 00
128 77
165 00
322 80
1 ,4 4 4 80
35 75
517
16 00
37 95
30
100 00
298 46
2 ,7 38 82

$13,031 01

N

ew

Y

ork

239

C ounty

P lan, permanent. P a r value o f shares, $100 and $250. Instalm ents are
12% cents and 25 cents weekly.
Shares in fo rce Janu ary 1, 1917, 3,053; shares issued du rin g the year,
n on e; shares w ith draw n du rin g the year, 12; shares in force, 3,041. B or­
row in g mem bers, 7, holdin g 23 shares; non-borrow ing members, 327, hold­
in g 3,018 shares. Fem ale shareholders, 118, holdin g 990 shares. A m ount
o f filed and unpaid w ithdraw als Decem ber 31, 1917, $54,337.69. O perating
expenses, as defined in section 390 o f the Banking Law , incurred and paid
du rin g the year, $948.02. O perating expenses, as defined in section 390 o f
the B anking Law , incurred du rin g the yea r and rem aining unpaid, $8.75.
Prem ium plan, instalm ent. In terest p a id b y borrow in g members, 5 per
cent., 5 % per cent, and 6 per cent. Prem ium pa id b y b orrow in g members,
40 cents per share o f $250.
Loans have been made in K in gs, Queens, N ew Y o rk and W estchester
counties, N ew Y ork State, and in N ew Jersey. L argest m ortgage loan ou t­
standing, $6,000. M ortgages in force in N ew Y ork State, $12,916.75. N o
foreclosures du rin g the year.

THE NEW YORK AND SUBURBAN CO-OPERATIVE BUILDING AND
LOAN ASSOCIATION
N o. 147 East 125th street, N ew Y ork, N. Y .
[Organized under Law of 3851.
Officers
President.........-............
Financial Secretary..
Treasurer.....................
Attorney.......................

Commenced business 1888>]

Names
DE W IT T V. W E E D -----RICHARD N. COTTER.
WILLIAM S. BECKLEY
ROBERT H. BERGMAN.

Post-office addresses
451 West 162d Street.
131 East 23d Street.
133 East 23rd Street.
3219 Third Avenue.

ASSETS

Loans on bond and m ortg a g e.................................................................
Loans on shares .........................................................................................
Stocks and bonds .......................................................................................
R eal estate ..................................................................................................
Cash on hand and in b a n k .....................................................................
Interest, prem ium , fees and fines due and u n p a id .........................
Advances fo r taxes, insurance, e t c ........................................................

$785,909
2 8 ,68 0
5 ,0 0 0
10,000
2,221
7 ,1 15
849

00
00
00
00
37
74
53

$839,766 64
LIABILITIES

D ue shareholders, dues ............................. ..............................................
D ue shareholders, dividends cred ited.................................................
B alance to be pa id borrow ers on m ortgage lo a n s .........................
B orrow ed m o n e y .........................................................................................
Undivided profits .......................................................................................
G uaranty fund (a s per section 392 o f B anking L a w ) ................
Special deposits .........................................................................................

$642, 374
121,791
6 ,4 0 0
35, 005
7, 284
26,000
911

00
46
00
00
53
00
65

$839,766 64
RECEIPTS

Cash on hand January 1, 1917..............................................................
Dues credited to m em bers.......................................................................
M oney b o r r o w e d ..........................................................................................
M ortgages redeemed, foreclosed or transferred t o real esta te. .
Loans on shares re p a id ..............................................................................
Fees received ................................................................................................
Fines r e c e iv e d ..............................................................................................
Interest received .......................................................................................




$14,237
155, 580
34,000
85.175
10,738
517
158
42,946

43
00
00
00
00
30
67
09

240

R epoet

on

Savings

and

L oan A ssociations

D ividends retained on w ithdraw als ...............................................
A dvances r e p a i d .........................................................................................
Special deposits .........................................................................................
D eficiency ju d g m e n t ...................................................................................

$1 ,84 6
1 ,3 58
429
279

45
59
50
62

$347,266 65
DISBTJBSEMENTS

Loaned on m ortgage .................................................................................
Loaned on s h a r e s ......... .............................................................................
Dues repaid on w ithdraw al, o r applied on lo a n s...........................
P a id m atured s h a r e s ................................................................................
D ividends paid on w ithdraw al, o r applied on lo a n s ..................
Cash dividends pa id on incom e and accum ulative prepaid
s h a r e s ..........................................................................................................
P a id borrow ed m oney and p rior m ortga ges....................................
P a id interest on borrow ed m oney and p rior m ortga ges..............
P a id salaries and clerk -h ire...................................................................
P a id advertising, p rin tin g and p osta g e ...................................
P a id r e n t .........................................................................................................
P a id repairs t o real esta te .....................................................................
P a id taxes, insurance, e t c ........................................................................
P a id banking departm ent, exa m in a tion .............................................
P a id banking departm ent, assessm ent...............................................
Officers’ bonds ..............................................................................................
A dvances f o r taxes, insurance, e t c ......................................................
League dues ................................................................................................
Special d e p o s it s ...........................................................................................
L ib e rty bonds pu rch a sed..........................................................................
Cash on hand Decem ber 31, 1917........................................................

$171,390
17,241
72, 111
28,255
8 ,5 8 5

00
00
00
00
79

1 ,7 9 4
32,000
1, 654
3 ,1 1 9
760
600
163
50
43
45
20
2 ,0 4 2
18
151
5 ,0 0 0
2 ,2 21

76
00
07
50
01
00
00
00
30
33
00
72
00
80
00
37

$347,266 65
Plan, serial.
P a r value t>f shares, $200 and $250.
Instalm ents are $1
m onthly.
Shares in fo rce Janu ary 1, 1917, 13,571; shares issued during the year,
2,068; shares w ithdraw n du rin g the year, 2,312; shares in force, 13,327.
B orrow in g members, 321, h oldin g 3,912 shares; non-borrow ing members,
1,368, h oldin g 9,415 shares. Fem ale shareholders, 825, h oldin g 6,691 shares.
T ota l dividends credited m em bers du rin g th e year on instalm ent shares,
$34,506.09; rate, 5 % per cent. T ota l dividends credited o r pa id in cash
t o members du rin g th e yea r or other shares, $1,794.76; rate, 4% per cent.
N o unpaid w ithdraw alsA m oun t o f shares m atured durin g th e year,
$28,255. M em bership fee, $1. O perating expenses, as defined in section 390
o f the B anking L aw , incurred and pa id du rin g the year, $4,517.51. Unpaid,
none.
N o prem ium plan. In terest pa id b y b orrow in g members, 6 per cent. N o
prem ium charged.
L oan s have been made in B ron x, N assau, N ew Y ork, K in gs, Queens, R ich ­
m ond, Suffolk and W estchester counties, N ew Y ork State, and in N ew
Jersey. L argest m ortgage loan outstanding, $10,000. M ortgages in force
in N ew Y o rk State, $772,500. N o foreclosures du rin g th e year.

THE NEW YORK CO-OPERATIVE BUILDING AND LOAN ASSOCIATION
Nos. 35-43 W est 125th street, N ew Y ork , N . Y .
[Organized under Law of 1851.
Officers
President...................
Secretary-.....................
Treasurer.....................
Attorney.......................




Commenced business 1888]

Names
WM, M. EM BLER................................
ISAAC S. M ARTIN..............................
JOHN R. ©R O D IE................................
W ILLIAM LANGDON..........................

Post-office addresses
32 Beekman Place.
43 West 125th Street.
38 Park Place.
2 Rector Street.

N e w Y ork C ounty

241

ASSETS

Loans on bond and m ortga ge.................................................................
Loans on shares...........................................................................................
Stocks and b o n d s.......................................................................................
Contracts fo r the sale o f real esta te...................................................
R eal estate ..................................................................................................
Cash on hand and in b a n k .....................................................................
Interest, premium, fees and fines due and u n p a id .........................
A dvances fo r taxes, insurance, e t c ......................................................

$303,127
7 ,0 88
5 ,4 6 5
5 ,9 0 0
34,907
2 ,7 1 5
3 ,3 7 9
704

66
00
00
00
95
87
46
20

$363,288 14
LIABILITIE S

Due shareholders, d u es............................................................................
Due shareholders, dividends Credited.................................................
Balance to be paid borrow ers on m ortgage lo a n s ...........................
Undivided profits .....................................................................................
G uaranty fund (as per section 392o f B anking L a w ) ..................
Lease c o n t r a c t s ...........................................................................................
R eal estate co n tra cts................................................................................
M ortgage a c c o u n t .......................................................................................
Special deposits .......................................................................................
Suspense account .......................................................................................

$256,553
6 0 ,05 3
2 1 ,3 0 0
2 ,9 1 6
18 ,00 0
1,422
2 ,1 9 6
421
226
198

40
41
00
16
00
00
80
58
71
08

$363,288 14
RECEIPTS

Cash on hand Janu ary 1, 1917............................................................
Dues credited to m em bers.....................................................................
M ortgages redeemed, foreclosed or transferred to real e s t a t e ..
Loans on shares re p a id ............................................................................
R eal estate s o ld ...........................................................................................
Fees r e c e iv e d ................................................................................................
Fines received ...........................................................................................
Interest received .......................................................................................
P re m iu m r e ce iv e d

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

R ent received ..............................................................................................
D ividends retained on w ith d raw a ls...................................................
Advances repaid .......................................................................................
L ib erty bonds s o ld .....................................................................................
Real estate co n tra cts................................................................................
M ortgage a c c o u n t .......................................................................................
Special deposit ...........................................................................................
Lease c o n t r a c t s ...........................................................................................

$ 5 1 ,1 7 4 82
56,868 94
11,197 34
8 ,2 05 00
2 ,6 5 0 00
6 00
293 45
14,804 00
5 ,6 5 8 66

635
1 ,6 90
98
2 ,0 35
644
359
603
59

(H)
60
00
00
40
33
00
00

$156,982 54
DISBURSEMENTS

Loaned on m oi'tgage...................................................................................
Loaned on shares.......................................................................................
Dues repaid on w ithdraw al, or applied on lo a n s .........................
P aid m atured shares..................................................................................
D ividends paid on w ithdraw al, or applied on lo a n s ....................
Cash dividends paid on incom e and accum ulative prepaid
shares .........................................................................................................
P a id fo r real e sta te..................................................................................
P aid salaries and clerk-h ire...................................................................
P aid advertising, prin tin g and p osta ge...........................................
P a id rent .....................................................
P a id repairs to real esta te...................................................................
P a id taxes, insurance, e t c .....................................................................
P aid banking departm ent, exam in ation ...........................................
P a id banking departm ent, assessm ent...............................................




$47,734
4 ,1 79
4 7,905
31 ,75 0
5 ,0 59

00
00
49
00
19

112
2 ,6 0 0
3,867
389
650
265
534
49
22

47
00
50
76
00
08
40
35
18

242

R eport

on

S avings

L oan A ssociations

and

Officers’ bonds ..................................
A dvances fo r taxes, insurance, etc
L ib erty bonds pu rch ased................
Specials deposits .............................
L egal service ....................................
M iscellaneous office expense.........
Cash on hand December 31. 1917

$70
722
7 ,5 0 0
461
271
123
2 ,7 1 5

00
20
00
01
05
99
87

$156,982 54
P lan , serial. P a r value o f shares, $200 and $250. Instalm ents are 20
cents and 25 cents weekly.
Shares in force Janu ary 1, 1917, 5,554; shares issued during the year,
1,139; shares w ithdraw n du rin g th e year, 1,257; shares in force, 5,436. B or­
row in g members 111, h oldin g 1,475 shares; n on-borrow ing members, 560,
h oldin g 3,961 shares. Fem ale shareholders, 230, h oldin g 1,522 shares. T ota l
dividends credited mem bers during th e year on instalm ent shares, $15,491.20;
ra te 6 per cent. T ota l dividends credited or p a id in cash t o mem bers d u rin g
the year on other shares, $112.47; rate, 5 per cent.
N o unpaid w ithdraw als.
Am ount o f shares m atured du rin g the year,
$31,750. O perating expenses, as defined in section 390 o f the B anking Law ,
in curred and paid d u rin g th e year, $5,101.25. U npaid, none.
Prem ium plan, instalm ent. In terest paid b y b orrow in g mem bers, 5 per
cent. Prem ium paid b y borrow in g members, 40 cents per share per m onth.
Loans have been made in B ronx, K in gs, Nassau, N ew Y ork , Queens, R ich ­
m ond and W estchester counties, New Y o rk State and in Connecticut and
N ew Jersey.
L argest m ortgage loan outstanding, $9,000.
M ortgages in
fo rce in N ew Y o rk State, $284,877.66. One foreclosure du rin g the year.

THE NEW YORK EDISON SAVINGS AND LOAN ASSOCIATION
N o. 124 E ast 15th street, N ew Y ork , N. Y .
[Organized under Law of 1910.
Officers
President......................
Secretary....................
Treasurer....................
Attorneys......................

Commenced business 1912]

Names
ARTHUR W ILLIAM S............................
E. F. BONDY.............................................
ADOLPH HER TZ....................................
BEARDSLEY, HEMMINS & TAYLOR

Post-office addresses
ISO East 15th Street.
130 East 15th Street.
130 East 15th Street.
64 W all Street.

ASSETS

L oan s on bond and m ortg a g e ......................................
L oan s on shares.................................................................
Stocks and b on d s............................................................
Shares o f Land Bank o f State of N ew Y o r k . . . .
R eal e s t a t e ..........................................................................
Cash on hand and in b a n k ...........................................
Instalm ents due and u n p a id ......................................
Interest, prem ium , fees and fines due and unpaid
A dvances fo r taxes, insurance, e t c .........................
A ccru ed interest on stra igh t m ortga ges................
A ccrued interest on b on d s...........................................
U nexpired insurance ...................................................

$ 4 74,750 00
3 1 ,67 0 55
20 ,95 0 00

1,000 00
3 ,5 27
11,197
1 ,0 36
1,039
284
1,815
153
10

90
98
50
74
60
93
54
52

$547,437 26
L IA B IL IT IE S

D ue shareholders, d u es............................................................................
D ue shareholders, m atured shares........................................................
D ue shareholders, dividends cred ited ...............................................
U ndivided profits .....................................................................................
G uaran ty fun d (as per section 392 o f B anking L a w ) ................




$485,769
1 ,319
5 5 ,24 6
1,061
3 ,8 5 4

84
93
11
58
38

K e w Y ork C ounty
P repaid interest on m ortgages ..........................................................
P repaid .interest on share loa n s............................................................
P repaid interest on straight m ortga ges..........................................
Special deposit ............................................................................................

243
$96 91
77
37 74
50 00
$547,437 26

RECEIPTS

Cash on hand January 1, 1917............................................................
D ues credited to m em bers........................................................................
M ortgages redeemed, foreclosed or transferred to real e s t a t e ..
Loans on shares...........................................................................................
Fines r e c e iv e d .............................................................................................
In terest received .....................................................................................
R en t received ............................................................................................
D ividends retained on w ith d raw a ls...................................................
Advances repaid .......................................................................................
Expense o f closin g loan repaid b y b orrow ers..................................
Special deposits .......................................................................................
Suspense, fire lo s s .......................................................................................
M iscellaneous c h a r g e s ..............................................................................

$44,101
296,572
13,075
29,687
238
26 ,28 9
6
1,087
986
406
321
592
1

81
43
00
25
70
41
00
62
95
46
92
70
38

$413,367 63
DISBURSEMENTS

Loaned on m o rtg a g e............................................................
Loaned on shares.........................................................................................
D ues repaid on w ithdraw al, or applied on lo a n s .........................
P a id m atured shares................................................................................
D ividends pa id on w ithdraw al, or applied on lo a n s ....................
P a id fo r real esta te..................................................................................
P a id taxes, insurance, e t c .....................................................................
Advances fo r taxes, insurance, e t c ........................................................
Bonds purchased .......................................................................................
A ccrued interest on bonds pu rch ased.................................................
Interest refunded .......................................................................................
M ortgage loan expenses ..........................................................................
Com m issions ................................................................................................
M iscellaneous c h a r g e s ..............................................................................
Suspense account, fire lo s s .....................................................................
Cash on hand Decem ber 31, 1917........................................................

$133,950
36 ,74 0
196,639
501
6 ,8 38
3 ,5 27
543
1,086
2 0 ,9 5 0
108
76
595
7
11
592
11,197

00
00
42
49
45
90
98
08
00
49
93
58
25
38
70
98

$413,367 63
Plan, serial. P a r value o f shares, $100 and $200. Instalm ents are 25 cents
w eek ly; $1 m onthly.
Shares in fo rce Ja n u a ry 1, 1917, 10,475; shares issued durin g the year,
2,129; shares w ithdraw n during the year, 2,812; shares in force 9,792. B or­
row in g members 317, holdin g 3,208 shares; non-borrow ing members, 1.026,
h oldin g 6,584 shares. Fem ale shareholders 236, h oldin g 1,030 shares. Total
dividends credited members during the year on instalm ent shares, $21,211.87;
rate, 6 per cent, and 6*4 per cent. T ota l dividends credited or paid in cash
to mem bers during th e year on other shares, $5,750.82; rate, 4 % per cent.,
5 per cent., 6 per cent, and 6*4 per cent.
N o unpaid w ithdraw als.
Am ount o f shares m atured during the year,
$1,821.42. O perating expenses, as defined in section 390 o f the B anking Law,
incurred and paid durin g the year, $556.70. Unpaid, none.
N o prem ium plan. Interest paid b y b orrow in g members, 6 per cent. No
prem ium charged.
Loans have been made in Bronx. Nassau, New Y ork, K in gs, Queens, R ich ­
m ond and W estchester counties, N ew Y ork State and in Connecticut and
N ew Jersey.
Largest m ortgage loan outstanding, $7,500.
M ortgages in
fo rce in N ew Y ork State, $369,630. One foreclosure durin g the year,




244

R epoet

on

S avings

L oan A ssociations

and

POLONIA CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION
N o. 109 E ast Seventh street, N ew Y ork , N . Y .
[Organized under Law of 1894.
Officers
President......................
Secretary......................
Treasurer.....................
Attorney.......................

Commenced business 1908]

Names
Post-office addresses
LEON P, W AZETER.................... 424 East Ninth Street.
IGNATIUS W. R A IT H ................. 106
East SeventhStreet.
East SeventhStreet.
ANTONI CHOTKOWSKI.............. 104
FRANCIS X . W AZETER..............
130 East Seventh Street.
ASSETS

L oan s on bond and m o rtg a g e ...........................
Cash on hand and in b a n k ...............................
F u rn itu re and fix tu res......................................

$20,000 00
3 ,2 0 6 56
75 00
$23,281 56

LIA B IL IT IE S

D ue shareholders, d u es..............................................................................
D ue shareholders, dividends cred ited ..................................................
U ndivided profits .....................................................................................
G uaranty fu n d (a s per section 392 o f B anking L a w ) ..................
Suspense a c c o u n t .......................................................................................

$22,037
324
479
418
22

69
06
15
39
27

$23,281 56
RECEIPTS

Cash on hand Ja n u a ry 1, 1917...........................................................
D ues credited t o m em bers.....................................................................
M ortgages redeemed, foreclosed or transferred to real e s t a t e ..
Loans on shares re p a id ..........................................................................
R eal estate s o ld .........................................................................................
In terest received .....................................................................................
D ividend, pa id up s to ck ..........................................................................
P ro fit and loss, real esta te.....................................................................

$525
5 ,1 9 3
3 ,5 0 0
45
4 ,9 5 4
1 ,2 05
48
80

84
00
00
00
77
55
90
27

$15,5 5 3 33
DISBURSEMENTS

Loaned on m o rtg a g e............................. ...................................................
D ues repaid on w ithdraw al, or applied on lo a n s .........................
D ividends pa id on w ithdraw al, or applied on lo a n s ................ ..
Cash dividends pa id on income and accum ulative prepaid
shares .........................................................................................................
P a id salaries and clerk -h ire.................................................................
P a id advertising, p rin tin g and p o sta ge..........................................
P a id r e n t ............................................. . ••; ...............................................
P a id banking departm ent, exam in ation ...........................................
P a id banking departm ent, assessm ent.............................................
Expense o f sellin g real e s ta te .................................................................
R ea l estate a c c o u n t ...................................................................................
Exchange .......................................................................................................
Suspense account .......................................................................................
Cash on hand Decem ber 31, 1917........................................................

$ 3 ,8 0 0 00
,6,430 72
111 82
955
222
8
60
29
2
348
366

50
50
50
00
25
48
50
10
60
10 80
3 ,2 0 6 56
$ 15,553 33

P lan, permanent.

P a r value o f shares, $100.

Instalm ents are 25 cents

WeShares in force Janu ary 1, 1917, 4 68; shares issued during the year 7 ;
shares w ithdraw n during the year, 13; shares in force, 462. N o b orrow ­
in g m em bers. N on -borrow in g members, 92, h old in g 462 shares.
Fem ale




245

N e w Y ork C ounty

shareholders, 53, h oldin g 311 shares. T ota l dividends credited members
du rin g the year on instalm ent shares, $50.85; rate, 4 per cent. T ota l d iv i­
dends credited or pa id in cash to members during the year on other shares,
$1,030.25; rate, 4 per cent.
N o unpaid w ithdraw als. O perating expenses, as defined in section 390 of
the Banking Law , incurred and paid during the year, $640.10. U npaid, none.
N o prem ium plan. Interest pa id b y b orrow in g members, 6 per cent. N o
prem ium charged.
Loans have been m ade in N ew Y ork and W estchester counties, N ew Y ork
State. L argest m ortgage loan outstanding, $6,500. M ortgages in force in

RAILROAD BROTHERHOODS* SAVINGS AND BUILDING ASSOCIATION
N o. 505 F ifth avenue, N ew Y ork , N . Y .
[Organized under Law of 1851.
Officers
President......................
Secretary......................
Treasurer....................
Attorney.......................

Commenced business 1891]

Names
Post-office addresses
EPHRAIM I. BA K ER ..................................
505 Fifth Avenue.
MICHAEL J. O’BR IEN.............................
505 Fifth Avenue.
JOHN J. McGRANE..................................
505 Fifth Avenue.
WILLIAM LANGDON..................................
2 Rector Street.
ASSETS

L oans o n bond an d m ortg a g e.................................................................
Stocks and b o n d s .........................................................................................
Cash on hand and in b a n k .......................................................................

$101,950 00
2, 350 00
4 ,2 8 0 37
$108,580 37

LIAB IL IT IE S

D ue shareholders, d u e s .............................................................................
Due shareholders, dividends credited...............................................
U ndivided profits .......................................................................................
G uaranty fun d (as per section 392 o f B anking L a w ) ..................
Instalm ents on L ib erty b on d s.................................................................

$76,962
20 ,77 8
3, 230
7, 526
82

50
19
80
88
00

$108, 580 37
RECEIPTS

Cash o n hand Janu ary 1, 1017.................................................................
Dues credited t o m em bers.......................................................................
M ortgages redeemed, foreclosed or transferred t o real e s t a t e ..
F ines received .............................................................................................
In terest r e c e iv e d .........................................................................................
P remium r e c e iv e d .......................................................................................
L ib erty bonds s o ld .......................................................................................
Instalm ents on L ib erty b on d s.................................................................

$14, 308 79
36, 086 53
11, 800 00
15 51
5 ,0 5 2 32
2,4 77 53
150 00
82 00
$69,972 68

DISBURSEMENTS

Loaned on m o rtg a g e...................................................................................
D ues repaid o n w ithdraw al, o r applied on lo a n s ...........................
D ividends paid on w ithdraw al, o r applied on lo a n s ......................
P a id salaries and clerk-h ire.....................................................................
P a id advertising, p rin tin g and p osta ge.............................................
P aid ren t ......................................................................................................
P aid banking departm ent, exam ination .............................................
P a id banking departm ent, assessm ent.................................................




$6. 000 00
48, 618 96
6. 588 49
1,576 75
37 35
300 00
10 00
821

246

R eport

on

S avings

L oan A ssociations

and

Officers’ bonds .............................................................
League d u e s ...................................................................................................
Punch .............................................................................................................
A m erican B u ildin g A ssocia tion N ew s.................................................
N o ta ry ...........................................................................................................
L ib e rty bonds pu rch ased............................................................................
Cash o n hand Decem ber 31, 1917 .............................................................

$20
19
3
2
2
2, 505
4 ,2 8 0

00
50
50
25
00
30
37

$69,972 68

P lan , permanent. P a r valu e o f shares', $200. Instalm ents are $1 m onthly.
Shares in force J a n u a ry 1, 1917, 2,756; shares issued du rin g the year, 186;
shares w ithdraw n d u rin g th e year, 4 1 7 ; shares in force, 2,525. B orrow in g
members, 41, h oldin g 460 shares; n on-borrow ing m em bers, 278, h old in g 2,065
shares. Fem ale shareholders, 107, h oldin g 688 shares. T o ta l dividends credited
members du rin g the year on instalm ent shares, $5,323.71; rate, 6 per cent.
N o unpaid w ithdraw als. O perating expenses, as defined in Section 390 o f
the Banking Law , incurred 'and paid d u rin g th e year, $1,961.35. U npaid, none.
Prem ium plan, instalm ent. Interest pa id b y b orrow in g mem bers, 5 per
cent. P rem ium p a id b y b orrow in g members, 2 % per cent.
L oan s have been m ade in Bangs, Queens and R ocklan d counties, N ew Y ork
State and in N ew Jersey. L argest m ortgage loan outstanding, $7,500. M ort­
gages in fo rce in N ew Y ork State, $68,450. N o foreclosures du rin g th e year.

THE RAILROAD CO-OPERATIVE BUILDING AND LOAN ASSOCIATION
N o. 103 P a rk avenue, N ew Y ork , N . Y .
[Organized under Law of 1851.
Officers
President.....................
Secretary......................
Treasurer....................
Attorney.......................

Commenced business 1890]

Names
JOHN F. FAIRLAM B.............................
GEORGE A. M ARTIN.............................
ALONZO H. JOSEPH.............................
EDW IN J. CRANDALL.............................

Post-office addresses
Yonkers, N. Y.
Yonkers, N. Y.
Yonkers, N. Y.
White Plains, N. Y.

ASSETS

L oa n s o n bond and m ortg a g e................................................................. $2 ,26 1 , 384 88
Loans on sh a res............................................................................................
8 0 ,8 2 4 42
Stocks and b o n d s.........................................................................................
30 ,38 3 28
C ontracts fo r th e sale o f real esta te....................................................
21, 682 42
R eal e s t a t e ....................................................................................................
32, 526 55
Cash on hand and in b a n k .......................................................................
34, 092 32
F u rn itu re and fixtu res.....................................................................................
1 ,2 5 0 00
Interest, prem ium , fees and fines due and u n p a id ...........................
3, 097 86
A dvances fo r taxes, insurance, e t c ........................................................
98 35
$ 2 ,4 6 5 ,3 4 0 08
LIA B IL IT IE S

D ue shareholders, d u es.............................................................................. $ 2 ,2 4 5 ,6 4 2
D ue shareholders, dividends credited-....................................................
105,458
B orrow ed m o n e y .........................................................................................
33, 000
U ndivided profits .......................................................................................
12, 766
G uaranty fund (as per section 392 o f B anking L a w ) ..................
67 ,30 0
Suspense account .......................................................................................
1,1 71




70
89
00
79
00
70

$ 2 ,4 6 5 ,3 4 0 08

N e w Y ork C ounty

247

RECEIPTS

Cash on hand Janu ary 1, 1917.................................................................
D ues credited t o m em bers.......................................................................
M oney borrow ed .........................................................................................
M ortgages redeemed, foreclosed o r tran sferred to real e s t a t e ..
Loans o n shares re p a id ...................................................
B eal estate s o ld ...........................................................................................
Fines r e c e iv e d ..............................................................................................
In terest r e c e iv e d ............................................ ............................................
Prem ium r e c e iv e d ..........................................
R en t r e c e iv e d ................................................................................................
D ividends retained on w ith d raw a ls......................................................
A dvances repaid .........................................................................................
Bonds sold ....................................................................................................
Contracts f o r the sale o f real es ta te ...................................................
Loan expense s e cu r ity ................................................................................
Suspense accou n t .......................................................................................
L ib erty bonds and w ar savings sta m ps...............................................
M is ce lla n e o u s ................................................................................................

$13, 676
703,387
259, 600
314,4 3 2
66,571
34 ,96 8
213
138, 318
104
379
447
3, 673
1, 094
967
8 ,2 54
6, 840
49 .14 7
9, 879

42
18
00
68
07
35
16
72
95
51
71
69
25
21
30
85
68
46

$ 1 ,6 1 1 ,9 5 7 19
DISBURSEMENTS

Loaned on m o rtg a g e ..................................................................................
Loaned on sh a res.........................................................................................
Dues repaid o n w ithdraw al, o r applied on lo a n s .............................
P a id m atured sh a res................................................................................
D ividends paid on w ith draw al, o r applied on lo a n s .......................
Cash dividends paid on incom e and accum ulative prepaid shares
P a id borrow ed m oney and p rior m ortga ges......................................
P a id interest on borrow ed m oney and p rior m ortga ges...........
P a id fo r real e sta te.....................................................................................
P a id salaries and clerk -h ire.....................................................................
P a id advertising, p rin tin g and p osta ge...............................................
P a id rent ......................................................................................................
P a id rep airs to real esta te........................................................................
P a id taxes insurance, e t c ..........................................................................
P a id banking departm ent, exam ination ...............................................
P a id banking departm ent, assessm ent.................................................
A dvances fo r taxes, insurance, e t c ........................................................
L oan expense se cu rity .......................'........................................................
R ecord ing t a x e s ...........................................................................................
C ontracts fo r th e sale o f real esta te....................................................
Suspense account .......................................................................................
Office e x p e n s e ................................................................................................
L ib erty bonds and w ar savings stam ps.............................................
M is ce lla n e o u s ................................................................................................
Cash on hand Decem ber 31, 1917..........................................................

$438, 701
81,146
568, 384
7,0 91
10, 643
88
316,600
2 ,4 3 8
42, 892
10, 350
544
2 ,4 9 9
2, 571
1,032
202
135
3. 944
9, 746
1,419
13,905
6 ,765
1 ,430
52,080
3,2 51
3 4,092

51
34
00
76
46
28
00
32
07
00
45
92
48
43
10
38
05
50
50
37
70
29
96
00
32

$ 1 ,6 1 1 ,9 5 7 19
P lan , permanent. P a r valu e o f shares, $200. Instalm ents are $1 m onthly.
Shares in fo rce Janu ary 1, 1917, 65,375; shares issued du rin g th e year,
12,058; shares w ith draw n du rin g th e yea r, 5,655; shares in force, 71,778.
B orrow in g mem bers, 576, h oldin g 9,458 shares; non-borrow ing members, 3,858
h oldin g 62,320 shares. Fem ale shareholders, n o record kept. T o ta l dividends
credited mem bers du rin g th e yea r on instalm ent shares, $30,896.77; ra te 6 per
cent. T ota l dividends credited or paid in cash to members du rin g the year on
other shares, $80,218.59; rate 5 per cent.
N o unpaid w ithdraw als.
A m oun t o f shares m atured du rin g th e year,
$7,091.76. O perating expenses, as defined in section 390 o f th e Banking Law ,
incurred and pa id d u rin g th e year, $14,486.47.- U npaid, none.




248

R eport

on

S avings

and

L oan A ssociations

Prem ium plan, instalm ent. In terest paid b y b orrow in g members, 6 per cent.
Prem iu m paid b y b orrow in g members, 40 cents per share per m onth.
Loans have been m ade in N ew Y ork, N assau, K in gs, Putnam , Queens, R ich ­
m ond, R ockland, Suffolk and. W estchester counties, N ew Y ork State and in
N ew Jersey. Largest m ortgage loan outstanding, $20,000. M ortgages in force
in N ew Y o rk S tate, $1,892,851.11. F iv e foreclosures du rin g th e year.

RURAL SAVINGS AND LOAN ASSOCIATION
N o. 333 W est 30th street, N ew Y ork , N . Y .
[Organized under Law of 1914. Commenced business 1914]
Officers
Names
Post-office addresses
President......................
JOHN J. DILLON................... 404 Riverside Drive.
Secretary......................
M. GERTRUDE K E YE S ____
511 West 113th Street.
47 West 21st St., Wihitestone.
Treasurer.....................
FERNAND DE GROOF.........
Attorney....................... JOHN E. CONNELLY............
27 William Street.
ASSETS

L oans o n bond and m o rtg a g e...........................
L oan s o n shares....................................................
Cash o n hand and in b a n k .................................
A ccru ed interest ...................................................

$7 ,90 0
175
4 ,6 7 3
79

00
00
65
88

$ 12,828 53
LIABILITIES

D ue shareholders, d u e s ..............................................................................
D ue shareholders, dividends cred ited ...............................................
U n divided profits .......................................................................................
G uaran ty fund (a s per section 392 o f B anking L a w ) ..................

$12,081
683
12
52

00
46
00
07

$12,8 2 8 53
RECEIPTS

Cash on hand Janu ary 1, 1917.................................................................
D ues credited t o m em bers.......................................................................
M ortgages redeemed, foreclosed o r transferred t o real e s t a t e ..
Loans on shares re p a id ..............................................................................
In terest received .......................................................................................
D ividends retained on w ith d ra w a ls......................................................

$2, 502 65
2, 908 50
300 00
25 00
559 39
9 45
$6,304 99

DISBURSEMENTS

Dues repaid on w ithdraw al, or applied on lo a n s .........................
P a id m atured shares...................................................................................
D ividends pa id on w ithdraw al, o r applied on lo a n s .......................
Cash dividends pa id on incom e and accum ulative prepaid shares
P a id salaries and clerk -h ire.....................................................................
P a id banking departm ent, exa m in a tion .............................................
P a id banking departm ent, assessm ent.................................................
Officers’ bonds ........
Cash on hand Decem ber 31, 1917........................................................

$1 ,11 7 00
202 35
48 59
225 00
25 00
10 50
1 65
1 25
4 ,6 7 3 65
$6, 304 99

P lan , permanent. P a r valu e o f shares, $100. Instalm ents are 50 cents
m onthly.
Shares in fo rce Ja n u a ry 1, 1917, 54 4 ; shares issued du rin g the year, 150;
shares w ith draw n d u rin g th e year, 9 9 ; shares in force, 595. B orrow in g m em ­
bers, 3, h old in g 105 shares; n on-borrow ing m em bers, 45, h oldin g 490 shares.




N

ew

Y

ork

249

C ounty

Fem ale shareholders, 12, holdin g 95 shares. T ota l dividends credited members
du rin g the yea r on instalm ent shares, $251.62; rate 4 % per cent. T ota l
dividends credited or pa id in cash t o members d u rin g th e yea r on oth er shares,
$247.81; ra te 3% per cent, and 4 % p er cent.
N o unpaid w ithdraw als. A m ou n t o f shares m atured du rin g th e year,
$202.35. O perating expenses, as defined' in Section 390 o f th e B anking Law ,
incurred and pa id durin g th e year $26.25. U npaid, none.
Prem ium plan, instalm ent. In terest p a id b y b orrow in g mem bers, 6 per
cent. N o prem ium charged.
Loans have been made in N ew Jersey. Largest m ortgage loan outstanding,
$5,900. N o m ortgages in force in N ew Y ork State. N o foreclosures during
th e year.

SCANDINAVIAN BUILDING AND MUTUAL LOAN ASSOCIATION OF
NEW YORK AND BROOKLYN
N o. 64 W h ite street, N ew Y ork ,
[Organized under Law o f 1851. Commenced
Officers
Names
President..................... AUGUST HALLBLOM.................
Secretary..................... CHARLES G. EDLING..................
Treasurer...................
ALBERT HANSEN.......................
Attorney.....................
CHARLES W. LEEMAN...............

N. Y.
business 1888]
Post-office addresses
54 Barclay Street.
64 White Street.
1380 Plympton Street.
375 Fulton St., Brooklyn.

ASSETS
Contracts fo r the sale o f real esta te ...................................................
R eal e s t a t e ....................................................................................................
Cash on hand and in b a n k .......................................................................
Fu rn itu re and fixtu res..............................................................................
Suspense account ......................... ' ............................................................

$1, 000 00
4, 731 64
170 93
50 00
134 59
$6,087 16

LIABILITIES
D ue shareholders, d u es..............................................................................
D ue shareholders, m atured shares........................................................
D ue shareholders, dividends cred ited ...................................................
G uaranty fu n d (as per section 392 o f B anking L a w ) ..................
D ue secretary fo r disbursem ents............................................................

$ 3,710
1,235
1,105
15
20

45
77
87
07
00

$6,087 16
RECEIPTS
Cash on hand Janu ary 1, 1917..............................................................

$170 93

DISBURSEMENTS
Cash o n hand Decem ber 31, 1917..........................................................

$170 93

Plan, serial. P a r value o f shares, $200. Instalm ents are $1 m onthly.
Shares in force Janu ary 1, 1917, 8 0 ; shares issued du rin g the year, n one;
shares w ithdraw n du rin g th e year, n on e; shares in force, 80. N o borrow in g
members. N on -borrow in g members, 14, holdin g 80 shares. Fem ale share­
holders, 1, h oldin g 5 shares.
N o unpaid w ithdraw als. O perating expenses, as defined in section 390 of
the Bankin Law , incurred and paid du rin g the year, none. U npaid, none.
N o prem iu m ’plan. N o prem ium charged.
N o loans outstanding. N o foreclosures du rin g the year.




250

R epoet

on

Savings

and

L oan A ssociations

SERIAL BUILDING, LOAN AND SAVINGS INSTITUTION
N o. 195 Broadw ay, N ew Y ork , N . Y .
[Organized under Law of 1851. Commenced business 1885]
Officers
Names
Post-office addresses
President..................... THOMAS W. CARROLL................................. 195 Broadway.
195 Broadway.
Secretary..................... EDWIN F. HOWELL.......................................
ASSETS
L oans o n bond and m ortg a g e................................................................. $ 1 ,0 8 4 ,6 4 3
Loans on shares .......................................................................................
50 ,76 6
Stocks and b o n d s .......................................................................................
49, 550
Shares o f L and Bank o f State o f N ew Y o r k .................... ...............
1 0 ,00 0
C ontracts fo r the sale o f real esta te....................................................
10,026
R ea l e s t a t e ....................................................................................................
32,591
Cash on hand and in b a n k .....................................................................
3 0 ,15 6
Interest, prem ium , fees and fines due and u n p a id ...........................
7 ,5 0 0
A dvances fo r taxes, insurance, e tc ........................................................
7 ,6 6 3

75
00
00
00
00
47
54
00
73

$ 1 ,2 8 2 ,8 9 7 49
LIABILITIES
D ue shareholders, dues .............................................................................$ 1 ,0 2 8 ,8 2 9
D ue shareholders, dividends cred ited .................................................
8 1 ,16 2
Balance t o be pa id borrow ers on m ortgage lo a n s .........................
21, 240
P r io r m ortgages .........................................................................................
3 ,5 0 0
B orrow ed m o n e y ..........................................................................................
36 ,00 0
A dvances b y L and B a n k ..........................................................................
4 5 ,0 0 0
U ndivided profits .......................................................................................
32 ,06 4
G uaran ty fun d (as per section 392o f Banking L a w ) ................
3 5 ,10 0

80
39
57
00
00
00
73
00

$ 1 ,2 8 2 ,8 9 7 49
RECEIPTS
Cash on hand Janu ary 1, 1917............................................................
D ues credited to m em bers.......................................................................
M on ey b o r r o w e d .........................................................................................
M ortgages redeemed, foreclosed or transferred to real e s t a t e ..
L oans on shares re p a id ............................................................................
R eal estate sold .........................................................................................
In terest received .......................................................................................
P rem iu m received .....................................................................................
A dvances r e p a i d ............................... •........................................................
L ib erty bonds s o l d .....................................................................................
N a tion a l defense shares............................................................................
D ividend fro m Land B a n k ...............................................................

$ 6 1 ,7 4 5
346, 924
3 6 ,0 0 0
166,577
52 ,38 6
12,121
6 1 ,85 4
105
5, 414
37, 566
4 7 ,60 7
250

49
45
00
85
00
35
72
60
61
96
11
00

$828,554 14
DISBURSEMENTS
Loaned on m ortgage ................................................................................
Loaned on s h a r e s .......................................................................................
D ues repaid o n w ithdraw al, o r applied o n lo a n s ...........................
D ividends p a id on w ith draw al, or applied on lo a n s ....................
Cash dividends pa id on incom e and accum ulative prepaid
s h a r e s ..........................................................
P a id borrow ed m oney and p rior m ortga ges......................................
P a id in terest on borrow ed m oney and p rior m ortga ges................
P a id fo r real e s t a t e ..................................................................................
P a id salaries and clerk -h ire...................................................................
P a id advertising, p rin tin g and p osta g e.............................................
P a id rep airs t o real esta te.....................................................................




$262,836
80, 688
256,617
18, 376

27
00
62
64

16,347
3 ,2 5 0
3 ,1 3 9
12,592
5 ,2 4 5
1 ,0 4 6
864

06
00
96
56
00
69
19

N ew Y ork C ounty
P a id taxes, insurance, e t c .....................................................................
P a id banking departm ent, exam ination..........................................
P a id banking departm ent, assessm ent...............................................
Officers’ bonds ...........................................................................................
A dvances fo r taxes, insurance, e t c .....................................................
L ib erty bonds pu rch ased..........................................................................
N a tion a l defense shares ..........................................................................
Land Bank advances r e p a id .....................................................................
F u rn itu re and fix tu res..............................................................................
League an d co-operative service............................................................
M iscellaneous expenses ............................................................................
Cash on hand Decem ber 31, 1917........................................................

251
$ 1 ,60 5
104
66
24
6 ,0 18
87,116
36, 815
5 ,0 0 0
48
131
460
30,156

97
00
97
50
51
96
31
00
75
65
99
54

$828,554 14
P lan , permanent. P a r value o f shares, $100 and $200. Instalm ents are
$1 m onthly.
Shares in force Janu ary 1, 1917, 27,982; shares issued du rin g th e year,
8,570; shares w ithdraw n du rin g th e year, 5,710; shares in force, 30,842.
B orrow in g members, 399, h oldin g 3,960 shares; n on-borrow ing members, 2,990,
holdin g 26,882 shares. Fem ale shareholders, 1,449, holdin g 12,477 shares.
T ota l dividends credited members du rin g the yea r on instalm ent shares,
$9,012.39; rate, 4 per cent and 5 per cent. T ota l dividends credited or
pa id in cash to members du rin g the year on other shares, $37,874.05; rate,
5 per cent.
N o unpaid w ithdraw als. O perating expenses, as defined in section 390
o f the B anking Law , incurred and paid du rin g the year, $6,957.58. Unpaid,
none.
Prem ium plan , installm ent. In terest pa id b y b orrow in g members, 6 per
cent. N o prem ium charged.
Loans have been made in B ronx, K in gs, N assau, N ew Y ork, Orange, Queens,
Bichm ond, Rockland, Suffolk and W estchester counties, N ew Y ork State and
in N ew Jersey. L argest m ortgage loan outstanding, $29,950. M ortgages in
force in N ew Y ork State, $419,047.69. T w o foreclosures du rin g th e year.

SHERMAN PARK BAU-VEREIN No. 1
N o. 222 E ast Forty-second street, N ew Y ork, N . Y
[Organized
Officers
President.....................
Secretary.....................
Treasurer...................
Attorneys.....................

under Law of 1851. Commenced business 1892]
Names
Post-office addresses
ERNST PROBST................................
Elmhurst, N. Y.
JOHN EISENHAUER......................
244 East 30th Street.
PRANK FATTLHABER.................... 307 East 92nd Street.
BARRETT & BUCKBEE.................. White Plains, N. Y.

ASSETS
L oan s on bond and m ortg a g e.................................................................
L oan s on shares .........................................................................................
Cash on hand and in b a n k .....................................................................

$9, 000 00
500 00
1,399 68
$10,899 68

LIABILITIES
D ue shareholders, d u e s ............................................................................
D ue shareholders, dividends cred ited .................................................
B orrow ed m o n e y .........................................................................................
U ndivided profits .......................................................................................
G uaran ty fun d ( as per section 392 of B anking L a w ) ................
Unearned o r rebatable p rem iu m ............................................................




$6, 843
1,729
800
1, 023
301
202

25
87
00
24
00
32

$10,899 68

252

K eport

on

Savings

and

L oan A ssociations

r e c e ip t s

Cash on hand Janu ary 1, 1 9 1 7 .;.......................................................... ‘
D ues credited to m em bers.......................................................................
L oan s on shares r e p a id ..........................................................................
Fees received ................................................................................................
In terest received
................................................................................
D ividends retained on w ith d raw a ls....................................................

$950
1,428
150
1
513

47
00
00
00
00
70

$3 ,04 3 17
DISBURSEMENTS
-------------------------Loaned on s h a r e s .......................................................................................
$500 00
D ues rep aid on w ithdraw al, o r a pplied on lo a n s ...........................
10 00
P a id m atured shares................................................................................
1, 018 09
D ividends paid on w ith draw al, o r applied on lo a n s ....................
70
40 00
P a id interest on b orrow ed m oney and p rior m ortga ges.............
P a id salaries and clerk -h ire.....................................................................
50 00
P a id advertising, p rin tin g and p o sta g e.............................................
16 10
P a id banking departm ent, exam ination .............................................
7 00
P a id banking departm ent, assessm ent...............................................
1 60
1,3 99 68
Cash on hand Decem ber 31, 1917..........................................................
$ 3 ,04 3 17
P lan, serial. P a r valu e o f shares, $200. Instalm ents are $1 m onthly.
Shares in force Ja n u a ry 1, 1917, 101; shares issued du rin g the year, 2 ;
shares w ithdraw n du rin g the year, 9 ; shares in force, 94. B orrow in g mem­
bers, 6, h oldin g 32 shares; non-borrow ing members, 25, h old in g 62 shares.
Fem ale shareholders, 1, holdin g 3 shares. T ota l dividends credited mem­
bers du rin g the year on instalm ent shares, $387.55; rate, 5 % per cent.
N o unpaid w ithdraw als. A m oun t o f shares m atured du rin g the year,
$1,018.09. M em bership fee, $1. O perating expenses, as defined in section
390 o f the B anking Law , incurred and paid du rin g th e year, $66.10. U npaid,
none.
Prem ium plan, gross. In terest pa id b y b orrow in g members, 6 per cent.
P rem iu m p a id b y b orrow in g members, 5 per cent, or 10 per cent.
L oan s have been m ade in Queens and W estchester counties, N ew Y ork
State. Largest m ortgage loan outstanding, $2,800. M ortgages in force in
N ew Y o rk State, $9,000. N o foreclosures durin g the year.

STAR CO-OPERATIVE BUILDING AND LOAN ASSOCIATION
[Organized
Officers
President....................
Secretary....................
Treasurer.....................

N o. 245 B roadw ay, N ew Y ork , N . Y .
under Law o f 1861. Commenced business 1888*]
Names
Post-office addresses
GEORGE H. PH ILLIPS................. 482 Central Park, West.
CHRISTIAN PETERSEN............... 247 Broadway.
CHRISTIAN PETERSEN............... 247 Broadway.

ASSETS
Loans on bond and m ortg a g e.................................................................
R ea l estate .................................................................................................. '
Cash on hand and in b a n k .....................................................................

$6 ,25 0 00
4 ,097 71
344 93
$ 10,692 64

LIABILITIES
—
D ue shareholders, dues ..........................................................................
D ue shareholders, dividends cred ited .................................................
U ndivided profits .......................................................................................
G uaran ty fu n d (a s per section 392 o f B anking L a w ) ................




$ 5 ,5 7 0
3 ,3 61
211
1, 549

20
89
03
52

$10, 692 64

N

ew

Y

ork

253

C ounty

RECEIPTS
Cash on hand Janu ary 1, 1917................................................................
Dues credited to m em bers.....................................................................
M ortgages redeemed, foreclosed or transferred to real esta te.
In terest received .......................................................................................
Prem ium received .......................................................................................
R en t r e c e iv e d ................................................................................................

$179
187
4, 260
387
148
110

39
50
00
08
96
00

$ 5 ,26 2 93
DISBURSEMENTS
Dues repaid on w ithdraw al, or applied on lo a n s .........................
P a id m atured shares ..............................................................................
D ividends pa id on w ithdraw al, or applied on lo a n s ....................
P a id advertising, p rin tin g and p osta g e.............................................
P a id ren t ....................................................................................................
P a id taxes, insurance, e t c .......................................................................
P a id banking departm ent, exa m in a tion .............................................
P a id banking departm ent, assessm ent...............................................
Officers’ bonds ..............................................................................................
M ortgage discount .....................................................................................
Suspense accou nt .......................................................................................
N o t a r y .............................................................................................................
Cash on hand Decem ber 31, 1917........................................................

$2 ,00 0
1 ,724
959
2
2
138
8
1
8
60
8
3
344

81
28
86
50
00
75
30
88
00
00
62
00
93

$5, 262 93
Plan, permanent. P a r value o f shares, $200 and $250. Instalm ents are
$1 m onthly.
Shares in fo rce Janu ary 1, 1917, 118; shares issued during the year, 8 ;
shares w ithdraw n durin g the year, 19; shares in force, 107. B orrow in g
members, 3, holding 25 shares; n on-borrow ing members, 18, h oldin g 82
shares.
Fem ale shareholders, no record kept.
T ota l dividends credited
members du rin g the year on instalm ent shares, $533.65; rate, 4 % per cent.
N o unpaid w ithdraw als. O perating expenses, as defined in section 390
o f the Banking Law , incurred and pa id du rin g the year, $15.50. Unpaid,
none.
Prem ium plan, instalm ent.
In terest paid b y b orrow in g members, 5 %
per cent. Prem ium p a id b y b orrow in g members, 40 cents per share per
month.
Loans have been made in N ew Jersey. L argest m ortgage loan outstand­
ing, $4,000. N o m ortgages in force in N ew Y ork State. N o foreclosures
du rin g the year.

STEAMSHIP CLERKS’ SAVINGS AND LOAN ASSOCIATION
P ier 14, E ast river, New Y o rk , N . Y .
{Organized
Officers
President.....................
Secretary.....................
T re a s u re r................
Attorney......................

under Law of 1910. Commenced business 1911]
Names
Post-office addresses
MARK ROYLANCE...........................
Pier 14 East River.
EDWARD J. HOPKINS..................
Pier 14 East River.
DAVID C. BOOTH..........................
Pier 14, East River.
MARTIN S. COHEN........................
302 Broadway.

ASSETS
Loans on bond and m ortg a g e.................................................................
Loans on shares .........................................................................................
Stocks and bonds .......................................................................................
Cash on hand and in b a n k .......................................................................
F u rn itu re and fixtures ............................................................................
Interest, prem ium , fees and fines du e and u n p a id .........................




$ 23,950
3, 771
24, 043
2 ,1 5 4
84
294

00
00
75
38
64
74

$54,298 51

254

R eport

on

Savings

and

L oan A ssociations

LIABILITIES
D ue shareholders, dues ............................................................................
D ue shareholders, dividends cred ited .....................................................
P rio r m ortgages .........................................................................................
B orrow ed m o n e y .........................................................................................
U ndivided profits .......................................................................................
G uaran ty fund (a s per section 392 o f B anking L a w ) ..................
Suspended shares .......................................................................................
A ccrued interest .......................................................................................
Special deposit ............................................................................................

$42, 505
2 ,7 4 4
4, 000
2, 000
2, 667
261
76
36
6

38
33
00
00
91
22
31
66
70

$54,2 9 8 51
RECEIPTS

Cash on hand J anu ary 1, 1917.............................................................
D ues credited t o m em bers.....................................................................
M oney borrow ed .........................................................................................
M ortgages redeemed,foreclosed or transferred to real esta te. .
L oan s on shares re p a id ............................................................................
F ines r e c e iv e d ..............................................................................................
In terest received .......................................................................................
D ividends retained on w ith d raw a ls......................................................
N a tion a l defense s h a r e s ....................