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Legislative Document (1921)
No. 5
STATE OF NEW YORK
ANNUAL REPORT
OF THE
Su
pe r in te n d e n t
of
Ban
ks
R ELA TIV E T O
Savings and Loan Associations,
Land Bank of the State of N ew York and
Credit Unions
For the Year 1920
ALBANY
J. B. LYON COMPANY, PRINTERS
1921
STATE OF N EW YORK
B
a n k in g
D
epartm ent
To the Legislature:
In accordance with the provisions j f the Banking Law , I have
the honor to subm it the annual report o f this Departm ent, relative
to savings and loan associations, the Land Bank o f the State of
N ew Y ork and credit unions, fo r the year ending December 31 ,
1920.
V ery respectfully yours,
g eo r g e
v . M cL a u g h l i n .
Superintendent o f Banks.
A lbany, N . Y ., March 1 6 , 192 1 .
REPORT
To the Legislature:
i n .aeoerdbaaiee w ith the provisions of the Banking Law , I sub
m it that part o f the annual report o f this Departm ent relating
to Savings and Loan Associations, the Land Bank o f the State
o f H ew Y ork and Credit Unions.
Savings
and
L oan A ssociations
These institutions exercise great influence in the promotion
and development o f thrift by assisting the members (the greater
part o f whom are wage-earners) in building and buying homes.
Their total resources reported as o f December 31, 192-0, were
m ore than $115,779,000, which is an increase of more than
$15,520,000 over December 31, 1919.
The provisions o f the Banking Law require these associations
to first meet the requests o f their members for mortgage loans
before making other investments. O f their total resources as o f
December 31, 1920, there were invested in mortgage loans
$102,167,041. Their bond investment account on the same date
amounted to $4,466,330, which is made up almost wholly o f Lib
erty and V ictory bonds. These figures show the great extent to
which these associations have assisted their members and at the
same time responded to the requests o f our government for assist
ance during the war.
S chedules
The follow ing comment is submitted in explanation of tbe
schedules accompanying this report:
Sehedule 1 — Num ber and Distribution
This schedule shows the distribution o f these institutions bv
counties, the total resources as reported on the thirty-first days o f
December, 1919 and 1920, and the increase or decrease in reported
resources.
6
A nnual R eport of the
It is to be noted that there are savings and loan associations
in fifty-one of the sixty-two counties o f the State.
Schedule 2 — N ew Associations
During the year, fourteen new associations were authorized
by this Department and there are several applications pending
upon which favorable action w ill undoubtedly be taken.
Closed Associations
H o savings and loan association was closed by the Superinten
dent o f Banks during the year. The Seajaquada Savings and
Loan Association, located in Buffalo, which had been in voluntary
liquidation fo r some time, obtained a final order o f dissolution
from the Supreme Court after all o f its members had been paid
in full.
Schedule 3 — Associations in Liquidatwn
These associations have been in voluntary liquidation for a
number o f years and are not taking on any new business. Under
form er provisions o f the Banking Law, it was possible to organize
a savings and loan association fo r a fixed period which usually
expired at the maturity o f the shares issued to the members. It
happened that many times the association had not been com
pletely liquidated at the time o f the maturities o f their shares.
This accounts for the greater part o f the associations in volunaty
liquidation appearing in this schedule. This provision o f law has
since been repealed so that all o f our present Savings and Loan
Associations, regardless o f the form o f their shares, have a
permanent corporate existence.
Schedule 4 — Comparative Table
This table shows the principal assets and liabilities, receipts
and disbursements as reported to the Department at the close of
business on the thirty-first days o f December, 1919 and 1920, fu r
nished fo r the purpose o f affording comparison.
The net increase in the resources o f the associations, as stated
above, amounted to $15,520,785; the increase in membership to
40,175 and the increase in outstanding shares was 526,702. The
total number o f members as o f December 81, 1920, was 249,174,
and the shares outstanding 2,871,392.
In connection with the increase in resources, there should also
be considered the fact that during the same period, there was paid
Superintendent of B anks
7
to shareholders for matured shares and withdrawal o f dues and
dividends $28,980,541.
These institutions like savings banks are required to credit a
part o f their earnings to a guaranty fund for the protection of
their shareholders. The combined guaranty funds o f all savings
and loan associations as o f December 31, 1920, were $5,367,569.
Schedule 5 — Earnings and Expenses
This schedule shows the principal earnings and expense ac
counts o f the associations. The net earnings for the year 1920
amounted to $5,524,274, which, based on the amount o f accumu
lated capital at the beginning o f the year, shows an average earn
ing rate o f 6.08 per centum per annum. The total expenditure for
operating expenses prescribed in section 390 o f the Banking Law,
was $732,538, which is equal to $8.06 for each thousand dollars
o f accumulated capital at the beginning of the year.
T iie L and B ank
of the
S tate
of
N ew Y ork
The total resources o f the Land Bank as of December 31, 1920,
were $522,809, which shows a decrease from the previous year
o f $73,039. This is due entirely to the fact that the Land Bank
has not been able to market its bonds under present conditions
as the revenue return does not compare favorably with other
securities which are exempt from Federal taxation. I f these
bonds were exempted from Federal taxation, it would materially
assist the Land Bank and the Savings and Loan Asociations which
it serves.
Schedule 6 — List of the member associations o f The Land Bank
of the State o f New York and the number of shares held by
each association.
Schedule 6-a — List o f associations which have received proceeds
o f Land Bank bonds issued on their behalf and the amount
o f such advances.
These schedules are self-explanatory.
Schedule 7 — Credit Unions
The total resources as reported December
to $2,303,871, an increase o f $1,150,366 over
at the beginning o f the year.
These institutions are organized for the
small loans to their members and serve the
31, 1920, amounted
the amount reported
purpose o f making
needs o f small bor-
8
A nnual R eport of the
Towers who were form erly the victim s o f the so-called “ loan
sharks.”
D uring the year nineteen Credit U nions were authorized by
th is Departm ent.
L egislation
T he M etropolitan and N ew Y ork State Leagues o f Savings and
Loan Associations have proposed and had introduced in the pres
ent session o f the Legislature a number o f m inor amendments
which are based principally upon the provisions o f the savings
bank article o f the B anking Law .
T h is Departm ent has appeared
before your Committee in support o f the bills.
A ppendix
T hat portion erf the Banking Law which relates to the organ
ization, supervision mid eenduet o f business- o f Savings and Loan
Associations, Land Bank o f the State o f N ew Y ork and Credit
U nions, w ill be printed in the appendix to th is report. There
w ill also be printed therein the reports o f the existing corporations
us o f December 3 1 , 1 9 2 0 , and, also, the tabulations.
T he appen
d ix w ill also contain a table giving the names, locations, dates o f
organization and dates o f closing o f all th e Savings and Loan
Associations or B u ilding and Loan Associations erf the State
w hich have erver reported to this Departm ent.
R espectfully submitted,
george t .
McLaughlin,
Superintendent of Banks.
SuPEBIIfFTEN BETST
O F B A N K 'S
ScffiEBUIiE 1
C o u n t ie s
Number
of associa
tions
6
1
4
3
3
1
4
3
1
2
2
1
1
38
1
I
1
4
2
27
2
19
1
4
32
3
5
2
1
19
2
5
2
9
5
15
7
5
1
1
1
1
5
1
1
2
5
1
1
11
1
Totals.................................
B epo bted R esou rces
Increase
1919
1920
$1,428,270
242,460
776,379
282,377
2,301,050
$1,587,127
271,342
847,194
376,125
2,628,745
62,524
918,164
2,933,318
338,530
129,732
157,137
69,817
1,007,652
14,556^980
204,709
707,393
342,272
1,426,902
780,126
9,403,324
275,293
3,707,909
3,505
647,584
17,285,940
5,976,326
5,346,520
341,685
1,478,037
4,334,717
432,909
2,224,685
1,753,014
1,338,663
6,874,518
9,752,261
3,357,578
2,221,022
161,946
2,458,834
11,394
16,250
2,447,710
23,877
172,101
242,297
800,356
545,507
54,712
2,719,519
19,017
798,636
2,661,854
321,349
107,794
143,675
57,295
874,118
12,665,575
-160,543
668,802
290,190
1,239,826
774,705
7,934,147
236,407
3,480,527
558,760
14,801,926
5,000,049
5,183,319
285,396
1,426,102
3,799,848
388,792
2,033,180
1,375,624
1,206,739
5,928,948
8,148,280
2,699,541
2,097,343
149,018
1,747,697
1,829
2,029,962
34,064
130,721
181,836
735,844
512,155
47,414
2,288,222
20,426
Decrease
$158,857
28,882
70,815
93,748
327,695
62,524
119,528
271,464
17,181
21,938
13,462
12,522
133,534
1,891,405
44,166
38,591
52,082
187,076
5,421
1,474,177
38,886
227,382
3,505
88,824
2,484,014
976,277
163,201
56,289
51,935
534,869
44,117
191,505
377,390
131,924
945,570
1,603,981
658,037
123,679
12,928
711,137
9,565
16,250
417,748
*10,187
41,380
60,461
64,512
33,352
7,298
431,297
267 $100,259,014 $115,779,799 $15,532,381
15,520,785
1,409
$11,596
10
A nnual R eport of the
S chedule 2
N ew Savings and Loan Associations and Credit Unions
N ame
Organization
certificate
approved
Date of
authorization
Buffalo...........
Ossining.........
Horseheads. . .
Buffalo...........
Montour Falls
Waterville.. . .
Amsterdam...
Auburn..........
Highland........
Buffalo...........
Dec. 23, 1919
Jan. 12, 1920
Jan. 19, 1920
Feb. 6, 1920
Mar. 12, 1920
Mar. 25, 1920
April 8, 1920
April 12,1920
April 29, 1920
June 23, 1920
Jan. 2, 1920
Jan. 12, 1920
Jan. 19,1920
Feb. 9, 1920
Mar. 12, 1920
Mar. 31, 1920
April 8,1920
April 12, 1920
April 29, 1920
June 28, 1920
New Y o rk .. . .
Aug.
Aug.
Location
S a v in g s a n d L o a n A s s o c ia t io n s
Amherst Savings and Loan Association................
Westchester County Savings and Loan Association
Horseheads Savings and Loan Association...........
Parkside Savings and Loan Association...............
Shepard Savings and Loan Association.................
Waterville Savings and Loan Association.............
Amsterdam Building Savings and Loan Association
Savings and Loan Association of Auburn..............
Highland Savings and Loan Association.........
North Main Savings and Loan Association..........
C ity and State Employees’ Savings and Loan
Association of the City of New Y ork.................
The Greater New York Savings and Loan Asso
ciation...................................................................
Italian Savings and Loan Association...................
Eastman Savings and Loan Association................
* Liberty Savings and Loan Association...............
4, 1920
New Y o rk .. . . Sept. 8,1920
T om pk’sville. Oct. 26, 1920
Rochester. . . . Nov. 15,1920
Brooklyn
4, 1920
Sept. 14,1920
Nov. 8,1920
Nov. 19,1920
C r e d it U n io n s
Central Ciedit Union..............................................
Food Dealers Credit Union....................................
American Express Credit Union............................
Kelley, Drayton & Co. Credit Union...................
Long Island Credit Union......................................
Provident Credit Union..........................................
New York County Credit Union...........................
New York Clothing Cutters Credit Union............
Eastern Star Credit Union.....................................
The Welfare Credit Union......................................
Spring Valley Credit Union....................................
Unity Credit Union.................................................
The Consumers’ Cooperative Credit Union..........
Insurance Credit Union..........................................
East Side Credit Union...........................................
Coney Island Mutual Aid Credit Union...............
Yorkville Credit Union...........................................
Workmen’s Circle Credit Union............................
Credit Union of the Nowo-Radomsker Society...
*
New Y o r k .. . .
Brooklyn........
New Y o rk .. . .
New Y ork___
Brooklyn........
New Y o rk .. . .
New Y o rk ... .
New Y o rk .. . .
Brooklyn........
New Y o rk .. . .
Spring Valley.
New Y o rk .. . .
New Y o rk .. . .
New Y o rk .. . .
New Y o r k ... .
Brooklyn........
New Y o r k ... .
New Y o rk .. . .
New Y o rk .. . .
Dec. 18,1919
Dec. 12,1919
Dec. 18,1919
Feb. 18, 1920
Feb. 9,1920
Mar. 11, 1920
Jan. 29, 1920
May 4, 1920
July 27, 1920
July 29, 1920
Aug. 14, 1920
Aug. 4, 1920
Oct. 25, 1920
Oct. 5, 1920
Oct. 25, 1920
Sept. 21, 1920
Aug. 20, 1920
Dec. 13, 1920
Nov. 23, 1920
Jan.
Jan.
Jan.
Mar.
Mar.
Mar.
Mar.
May
Aug.
Aug.
Aug.
Aug.
Nov.
Nov.
Nov.
Nov.
Dec.
Dec.
Dec.
2,1920
16, 1920
20,1920
11, 1920
12, 1920
17, 1920
20, 1920
13, 1920
10, 1920
27, 1920
30, 1920
30, 1920
8, 1920
8,1920
9, 1920
22. 1920
14, 1920
23, 1920
27, 1920
Change o f name; form erly The Germania Building, Savings and Loan Institution.
11
S uperintendent of B anks
S ch ed ule 3
Associations in Voluntary Liquidation
East New York Savings and Loan Association..................................
The Cooperative Building Bank...........................................................
Greenwich Building and Loan Association..........................................
Harlem River Building, Loan and Savings Association.....................
Mount Morris Cooperative Building and Loan Association.............
Scandinavian Building and Mutual Loan Association of New York
and Brooklyn................................................................... ...................
Sherman Park Bau Verein No. 1 ...................................... ...................
West End Cooperative Building and Loan Association (Permanent).
Northern Westchester Savings and Loan Association........................
Genesee Falls Permanent Savings and Loan Association..................
Hudson Street Permanent Saving and Loan Association
............
Security Loan Association.....................................................................
The Western Savings and Loan Association.......................................
S ched ule
Brooklyn
New York
New York
New York
New York
New York
New York
New York
Pleasantville
Rochester
Rochester
Rochester
Rochester
4
R esoukces
Reported
December
31,1919
Reported
December
31, 1920
Cash on hand and in bank...........................................
Furniture and fixtures.................................................
Instalments due and unpaid........................................
Interest, premium, fees and fines due and unpaid. .
Other assets..................................................................
$87,989,675
2,392,689
4,312,640
102,000
438,940
1,717,852
2,964,479
50,101
29,638
93,476
167,524
$102,167,041
3,006,287
4,466,330
100,000
365,515
1,653,597
3,583,763
56,745
38,296
101,010
241,215
Totals......................................................................
$100,259,014
$115,779,799
$80,319,654
10,155,799
368,309
566,959
212,805
3,001,436
510,700
1,87,3,754
2,858,096
185,122
206,380
$93,634,284
11,271,292
568,533
351,111
405,155
3,251,875
441,350
2,166,536
3,201,033
223,324
265,306
$100,259,014
$115,779,799
Loans on bonds and mortgage.....................................
Loans on shares.............................................................
Stocks and bonds...........................................................
Shares of Land Bank of the State of New Y ork.......
Land contracts...............................................................
L iabilities
Due shareholders, dues...............................................
Due shareholders, dividends credited.........................
Due shareholders, matured shares...............................
Balance due borrowers-on mortgage loans.................
Prior mortgages...........................................................
Borrowed money..........................................................
Advances by Land Bank..... .....................................
Undivided profits..........................................................
Guaranty fu n d ,...........................................................
Unearned or rebatable premium.................................
Other liabilities.....................
Totals............................... .................................
12
A sotuax, R eport of the
S chedule 4 — Continued
R eceipts
for the
Y ear
Cash on hand January 1 .................
Due 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
$3,408,257
29,730,342
156,775
6,046,703
12,419,364
2,261,625
834,255
55,635
41,976
5,037,89,7
320,160
132,124
85,345
4,395T2S2
To€a&.. : ............................... .................................
D isbursements
for the
Reported
December
31,1919
Reported
December
31,1920
1
1;
i
n
'
$2',964,406
M ,877,295
304,350
7,508,630
12,829,177
3,015,059
381,179
?2,628
43,9m
5,890,077
406,039
106,706
74,753
*
$64,925,710
$74,857,307
$23,520,936
w ,yA1A
iu
2.,oggA
18,272,160
1,36®,056
$27,273,331
a
3 EQA
fOuUjiio
Outt
21,873,599
1,525,339
Y ear
Loaned on mortgages....................................................
Loaned on shares...........................................................
Fapuents to shareholders before maturity, d u es.. . .
Payments'to ribtareholders, -dividends withdrawn . . . .
Cash dividends paid on income and accumulative
prepaid shares............................................................
Pidd. matured shares....................................................
Paid, borrowed money and prior mortgages...............
Paid interest on borrowed money and prior mortgages
Paid for real estate........................................................
Paid: salaries and cleric hire..........................................
Paid advertising,, printing and postage.......................
Paid rent........................................................................
Paid repairs to real estate............................................
Paid taxes, insurance, etc.............................................
Other disbursements.....................................................
Cash on hand December 31.........................................
Totals
521,959
5,059,644
7,421,041
448,229
4,835,768
4,705,591
181,417
278,520
407,169
65,321
46,852
39,234
69,247
5,157,821
2,964,479
94,236
58,956
35,614
53,182
2,734,817
3,583,763
$64,925,710
$74,857,307
$2,060,017
729,757
435,084
2,354,690
43,897
598,437
165,102
1,756,253
69,430
550,330
$2,353,161
3,169,879
3,561,380
218,575
294,509
498,110
M iscellaneous I tems
Shares in force January 1st..........................................
Shares issued during the year......................................
Shares withdrawn during the year..............................
Shares in force December 31st.....................................
Borrowing members......................................................
Shares held by borrowing members............................
Nan-borrowing members............. .................................
Sharer held by non-borrowing members.....................
Jranate snsrenoicters......................................................
Shares held by females...........................................
Dividends credited on instalment shares during the
year
988,872
470,641
2,871,392
48,482
724,820
200,692
2,146,572
79,484
658,150
Superintendent oe B anks
S chedule 1
—
13
Concluded
M iscellaneous I tems
Dividends credited or paid in cash on other shares
during the year..........................................................
Filed and unpaid withdrawals December 31st...........
.'Shares matured during the year..................................
Operating expenses for the year, paid..........................
Operating expenses for the year, unpaid....................
Amount of mortgages on property in this State-----Amount of mortgage loans on farm property............
Number of foreclosures commenced during the year.
Number of foreclosures completed during the y e a r ..
Number of parcels of real estate acquired during the
year by foreclosure or settlement of loans..............
Reported
December
31, 1919
$1,015,189 !
157*906:
4,829,366
586,981
1,283
82,919,935
1,574,792
128.
96
Reported
December
31,1920
$1,204, r a
.205,848
5,232,,591
730,758
95,056*992
1,644,850
80
61
5!
20
Twenty-two associations did not report in regard to these items.
S c h ed u le 5
E arnings
1919
1920
Fees received..................................................................
Fines received................................................................
Interest received............................................................
Premium received..........................................................
Pent received.................................................................
Dividends forfeited........................................................
$55,635
41,976
5*037,897
320,160
132,124
85,345
372*628
43*980
5,890*077
406*039
106,796
74,33®
Totals......................................................................
$5,673,137
$6,594,183
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, etc.............................................
Miscellaneous operating expenses...............................
$ i8 i,.4 i7 :
407,169
65,321
46,852
39,234
69,247
67,639
$248*575
498,110
94*236
58,056
35,614
53,182
81,236
Totals .•....................................................................
$876,879
$1,069,909
Net earnings...................................................................
$4,796,258
$5,524,274
14
A nnual R eport of the
S chedule 6
M ember Associations o f the Land Bank o f the StaJte o f N ew York
No. of
N ame
shares
American Cooperative Savings and Loan Association...........................................
1
Atlantic Savings and Loan Association...................................................................
1
Bank Clerks’ Cooperative Building and Loan Association of New York C it y ..
6
Bankers’ Loan and Investment Company........................... ...................................
1
Bay Ridge Savings and Loan Association...............................................................
1
Bedford Cooperative Building-Loan Association....................................................
2
Brooklyn Mutual Building and Loan Association..................................................
1
Building and Loan Association of Newburgh, N. Y., T h e....................................
2
Bushwick Cooperative Building and Loan Association.........................................
1
Catskill Savings and Loan Association...................................................................
1
Chenango Cooperative Savings and Loan Association of Norwich, N. Y., The.
1
Cooperative Building Bank, T h e..............................................................................
1
Cooperative Savings and Loan Association of New Y ork................... ..............
10
1
Coming Cooperative Savings and Loan Association.............................................
Dime Building and Loan Association, The, Oswego..............................................
2
Dime Savings and Loan Association, Cortland......................................................
1
East Brooklyn Savings and Loan Association........................................................
1
Enterprg *Savings and Association, T h e................................................................
1
Equitable Cooperative Building and Loan Association.........................................
1
First Farmers Savings and Loan Association..........................................................
1
Franklin Society for Home Building and Savings, T h e.........................................
10
Geneva Permanent Loan and Saving Association..................................................
4
Gouvemeur Savings and Loan Association.............................................................
10
Hamilton Savings and Loan Association.................................................................
1
Home Building and Loan Association of Spring Valley........................................
2
Homestead Loan Association, Rochester.................................................................
1
Mechanicville Cooperative Savings and Loan Association....................................
3
Model Building and Loan Association of Brooklyn, N. Y., T h e........ ..............
1
New Rochelle Cooperative Building and Loan Association..................................
1
New York Edison Savings and Loan Association, T he.........................................
1
3
Niagara Permanent Savings and Loan Association, T h e......................................
North Shore Building, Loan and Savings Association...........................................
1
Ogdensburg Savings and Loan Association.............................................................
2
Onskany Falls Cooperative Savings and Loan Association..................................
1
Pioneer Building-Loan and Savings Association of Troy, T h e.............................
1
Polish American Cooperative Savings and Loan Association...............................
1
Polish Savings and Loan Association of Richmond County, N. Y., T h e ............
2
Prudential Savings and Loan Association...............................................................
1
Queens County Cooperative Savings and Loan Association.................................
1
Rockaway Savings and Loan Association...............................................................
1
1
Saugerties Cooperative Savings and Loan Association, T he................................
Serial Building, Loan and Savings Institution.......................................................
10
South Brooklyn Savings and Loan Association........................................ .............
1
South Shore Savings and Loan Association............................................................
1
Walton Cooperative Savings and Loan Association, T he.....................................
1
Westerleigh Building, Loan and Savings Association............................................
1
Total................................................................................................
................
100
15
S uperintendent of B anks
S ched ule 6 a
Advances made to Member Associations of the Land Bank o f the
State o f N ew York
Amount of
N ame
advances
American Cooperative Savings and Loan Association...................................
$1,500
Bedford Cooperative Building-Loan Association............................................
8,100
26,000
Building and Loan Association of Newburgh, N. Y., T h e............................
6,000
Dime Savings and Loan Association, Cortland..............................................
Cooperative Savings and Loan Association of New Y ork.............................
30,000
Dime Building and Loan Association, The, Oswego......................................
12,000
First Farmers Savings and Loan Association.................................................
7,400
Franklin Society for Home Building and Savings, T h e.................................
130,000
Geneva Permanent Loan and Saving Association..........................................
50,800
18,000
Home Building and Loan Association of Spring Valley................................
Mechanicville Cooperative Savings and Loan Association............................
37,300
New Rochelle Cooperative Building and Loan Association..........................
14,100
North Shore Building, Loan and Savings Association...................................
10,900
Polish Savings and Loan Association of Richmond County, N. Y., T h e ...
22,500
2,500
Queens County Cooperative Savings and Loan Association.........................
Rockaway Savings and Loan Association.......................................................
6,300
Serial Building, Loan and Savings Institution...............................................
30,000
South Shore Savings and Loan Association.................................................... .......... 5,600
S ched ule 7
Statement
of
C ondition
C bedit U nions
December 31,
1919
December 31,
1920
R esources
Loans to members.........................................................
Bonds..............................................................................
Shares of other credit unions.......................................
Cash on hand and in bank...........................................
Interest on loans due and accrued..............................
Interest on bank balances accrued..............................
Other assets....................................................................
$994,968
60,003
10
88,688
5,840
180
3,816
$1,96-0,735
163,312
10
155,078
9,190
6
15,540
Totals......................................................................
$1,153,505
$2,303,871
$877,467
48,275
8,428
73,845
55,486
36,822
40,602
417
22
12,14^
$1,685,212
88,103
9,460
271,003
49,885
74,623
92,474
1,642
39
31,430
$1,153,505
$2,303,871
L iabilities
Shares, fully paid..........................................................
Shares, instalment........................................................
Unpaid dividends credited on shares..........................
Amount due members for deposits..............................
Borrowed money...........................................................
Guaranty fund...............................................................
Undivided profits...........................................................
Interest accrued on deposits........................................
Interest accrued on borrowed money.........................
Other liabilities..............................................................
Totals....................................................................
DETAILED STATEMENT
O F THE CONDITION OF THE
Savings and Loan Associations
OF THE
STATE OF NEW Y O R K
Ja n u a ry 1, 1921
AS COMPILED FROM REPORTS TO THE BANKING DEPARTMENT
These Associations Are Arranged Alphabetically by Counties
[17]
ALBANY COUNTY
ALBANY COUNTY SAYINGS AND LOAN ASSOCIATION
Nos. 309-313 South Pearl street, Albany, N. Y .
[Organised under Law of 1892.
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................
Commenced business 1892]
Names
R. B. ROCK................................................
THOMAS F. RICE...................................
CHAS. F. KAHNLE...............................
LOUIS SILBERMAN...............................
Post-office addresses
108
Dongan Avenue.
57 State Street.
46
Bassett Street.
51 State Street.
ASSETS
Loans on bond and mortgage............................................................
Loans on shares ...................................................................................
Stocks and bonds..................................................................................
Real e s ta te .............................................................................................
Cash on hand and in bank..................................................................
Furniture and fixtures........................................................................
Interest, premium, fees and fines due and unpaid.......................
Advances for taxes, insurance, e tc ....................................................
$213,445
3,798
2,622
22,380
4,491
100
1,774
32
41
00
90
80
65
00
44
61
$248,645 81
L IA B IL IT IE S
Due shareholders, dues......................
Due shareholders, dividends credited...............................................
Borrowed m o n e y .................................................................................
Undivided p r o fit s ................................................................................
Guaranty fund .....................................................................................
$218,481
15,407
2,000
4,578
8,178
06
34
00
99
42
$248,645 81
RECEIPTS
Cash on hand January 1, 1920................
Dues credited to members................................................................
Money b o r r o w e d ...................................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares repaid........................... .......................................
Fees r e ce iv e d .........................................................................................
Fines re ce iv e d .......................................................................................
Interest received ..................................................................................
Rent rece iv e d .........................................................................................
Dividends retained on withdrawals..................................................
Advances r e p a id ........ .........................................................................
$8,568
115,187
23,000
36,700
3,720
106
144
11,553
1,476
499
93
05
26
00
00
00
75
32
25
78
71
07
$201,049 19
DISBURSEM ENTS
Loaned on m ortgage............................................................................
Loaned on shares................................................................................
Dues repaid on withdrawal, or applied on loans...........................
Dividends paid on withdrawal, or applied on loans...................
Paid borrowed money and prior mortgages...................................
Paid interest on 'borrowed money and prior m ortgages..............
Paid salaries and clerk-hire................................. ...............................
Paid advertising, printing and postage.........................................
Paid repairs to real estate................................................................
Paid taxes, insurance, e tc .............................................
...........
Paid banking department, examination.........................................
[19]
$36,900 00
4,315 00
118,674' 60
9,823 71
21,000 00
256 68
2,356 00
79 31
1,229 19
872 05
44 64
20
R eport on Savings and L oan A ssociations
Paid banking department, assessment
Advances for taxes, insurance, e t e ...
State League dues...................................
Cleaning ...................................................
Janitor ......................................................
Gas and e le c tr ic ity ............................... .
W indow cleaning ...................................
T eleph on e..................................................
Towel w u p p ly ...........................................
$8
61
7
40
148
85
49
73
12
456
m
24
4,491
C *a i ................................................................
Corrected d*ues .......................................
Sundries ..................................................
Cash on hand December 31, 1920........
90
98
00
13
00
00
00
70
20
09
00
55
65
$201,049 19
Flan, permanent. Par value o f shares, $100. Instalments are 25 cents
weekly.
Shores in force January 1, 1920, 8,333; shares issued during the year,
1,794; shares withdrawn during the year, 1,019; shares in force, 9,108.
Borrowing members, 190, holding 1,471 shares; non-borrowing members,
704, holding 7,637 shares. Female shaoreholders, 423, holding 4,210 shares.
Total dividends credited members during the year on instalment shares,
$7,217.40; rate 5 per cent. Total dividends credited or paid in cash to mem
bers during the year on other shares, $2,342.08; rate 4 per cent.
No unpaid withdrawals. Membership fee, 25 cents for pass book. Operat
ing expenses, as defined in section 390 of the Banking Law, incurred «n d
paid during the year, $3,339.79.
N o premium plan. Interest paid by borrowing members, -6 per cent. No
premium charged.
Loans 'have been made in Albany, Schenectady and Rensselaer counties,
New York State. Largest mortgage loan outstanding, $5,500. Mortgages in
force in New York State, $213,445.41. No foreclosures during the year.
CENTRAL SAVINGS AND LOAN ASSOCIATION
No. 302 Central avenue, Albany, N. Y.
[Organized under Law o f 1851.
Officers
President.....................
Secretary.............. ..
Treasurer...................
Attorney.....................
Commenced business 18011
Names
JOHN WAGNER............. ..
FREDERICK W. COOK___
FREDERICK G. M ICH EL..
HOWARD HENDRICKSON.
Post-office addresses
Albany, N. Y .
A lban y, N. Y .
Albany, N. Y.
A lbany, N. Y.
ASSETS
Loans on bond and mortgage....................
Loans on s h a r e s ...................................................................................
Stocks and bonds .................................................................................
Seal e s t a t e .............................................................................................
Cash on hand and in hank................................................................
Furniture and fixtures..................................................................
Interest, premium, fees and fines due and unpaid.........................
Advances for taxes, insurance, etc.................................................
$96,300
275
5,53T
9,7 43
2,569
150
708
347
00
00
26
93
54
00
W
14
$115,631 47
21
A lbany County
L IA B IL IT IE S
Due shareholders, dues ......................................................................
Due shareholders, dividends credited............................................
Balance to be paid borrowerson mortgage loans............................
Undivided profits ...................................................
Guaranty fund ....................................................................................
$97,788
5,702
300
7,040
4,800
72
3b
00
37
00
$115,631 47
RECEIPTS
Gash on hand January 1, 1920..........................................................
Dues credited to members ................................. ' . ............................
Money borrowed ...................................................................................
Mortgages redeemed,foreclosed or transferred to real estate. .
Real estate sold ...................................................................................
Fines received .......................................................................................
Interest r e ce iv e d ...................................................................................
Premium receiv e d ................................................................................
Rent rece iv e d .........................................................................................
Dividends retained onwithdrawals..................................................
Advances repaid ..................................................................................
$2,277
37,678
1,000
10,750
4,100
72
4,470
2,235
1,153
263
351
73
18
00
00
00
28
14
06
96
90
84
$64,353 09
DISBURSEM ENTS
= = = = = = = _
Loaned on mortgage............................................................................
Does repaid on withdrawal, or applied on loans.........................
Gash dividends paid on income and accumulative prepaid
shares .................................................................................................
Paid matured s h a r e s ..........................................................................
Paid borrowed money and prior mortgages.................................
Paid interest on borrowed money and prior mortgages............
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage.........................................
Paid rent ...............................................................................................
Paid repairs to real estate................................................................
Paid taxes, insurance, e tc..................................................................
Paid banking department, examination.........................................
Paid banking department, assessment..........................................
Liberty loan bonds and war savings stamps.................................
Advances for taxes, insurance, e tc ....................................................
Interest and premium refunded........................................................
Cash on hand December 31, 1920........................................................
$28,750 00
17, 922 13
3,279
2,858
1,000
2
1,200
559
300
403
635
31
4
4,537
239
61
2,569
75
12
00
50
00
58
00
08
03
63
06
26
21
20
54
$64,353 09
Plan, permanent. Par value of shares, $100. Instalments are 15 cents
weekly.
Shares in force January 1, 1920, 8,282; shares issued during the year, 1,486;
shares withdrawn during the year, 579; shares in force, 9,189. Borrowing
members, 64, holding 1,145 shares; non-borrowing members, 663, holding
8,044 shares. Female shareholders, 337, holding 3,171 shares. Total divi
dends credited members during the year on instalment shares, $1,988.70; rate,
6 per cent. Total dividends credited or paid in cash to members during the
year on other shares, $2,526.89; rate, 5 per cent.
No unpaid withdrawals. Amount of shares'matured during the year, $2,858.12. Operating expenses, as defined in section 390 of the Banking Law,
incurred and paid during the year, $2,059.58.
Premium plan, instalment. Interest paid by borrowing members, 5 1/5 per
cent. Premium paid by borrowing members, 5 per cent.
Loans have been made in Albany and Rensselaer counties, New York State.
Largest mortgage loan outstanding, $4,000. Mortgages in force in New York
State, $96,300. No foreclosures during the year.
.22
R eport on Savings and L oan A ssociations
PERMANENT SAVINGS AND LOAN ASSOCIATION OF ALBAN Y, N. Y.
No. 106 State street, Albany, N. Y.
[Organized under Law o f 1851.
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................
Commenced business 1889]
Names
Post-office addresses
HENRY SCHAFER..............................................
Albany,
N.Y.
MARIE C. KOONZ........................................
Albany,
N.Y.
STEPHEN L. FOSTER......................................
Albany,
N.Y.
EDWARD W. RANKIN....................................... Albany,
N.Y.
ASSETS
Loans on bond and mortgage............................................................
Loans on s h a r e s ........................................................................
Stocks and b o n d s .................................................................................
Real e s t a t e .............................................................
Cash on hand and in bank................................................................
Advances for taxes, insurance, etc....................................................
$294,900
39,486
1,522
5,775
8,626
313
00
50
75
43
80
11
$350,624 59
LIABILITIES
Due shareholders, dues ......................................................................
Due shareholders, dividends credited................................................
Balance to be paid borrowers on mortgage loans.........................
Borrowed money ....................
Undivided profits .................................................................................
Guaranty fund .....................................................................................
$256,534
37,230
2,500
23,000
19,241
12,117
25
58
00
00
98
78
$350,624 59
RECEIPTS
Cash on hand January 1, 1920..........................................................
Dues credited to members..................................................................
Money borrowed ...................................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares r e p a id ......................................................................
Real estate sold ...................................................................................
Fines received .............................................
Interest received ............................. .....................................................
Rent received .......................................................................................
Dividends retained on withdrawals..................................................
Advances r e p a id .........................................................
Pass book .............................................................................................
Profit on real estate sold....................................................................
Liberty bonds ....................................................................................
$5,879 75
113,149 45
23,000 00
44,900 00
16,615 00
7,268 03
393 40
IS, 715 55
1,303 50
1,009 75
200 57
50
2,631 97
600 00
$235. 667 47
DISBURSEMENTS
Loaned on mortgage ..........................................................................
Loaned on shares .................................................................................
Dues repaid on withdrawal, or applied on loans..........................
Dividends paid on withdrawal, or applied on loans..................
Cash dividends paid on income and accumulative prepaid
sh a res...................................................................................................
Paid matured ahares ........................................................................
Paid borrowed money and prior mortgages.................................
Paid interest on borrowed money and prior m ortgages............
Paid salaries and clerk-hire......................... .....................................
Paid advertising, printing and postage...........................................
$88,089
24,904
62,321
3,668
72
00
20
58
1
18,835
21,000
, 1,307
2,904
815
88
45
00
51
50
12
23
A lbany C ounty
Paid rent ...............................................................................................
Paid repairs to real estate................................................................
Paid taxes, insurance, e t c .................................................................
Paid banking department, examination.........................................
Paid banking department, assessment................
Officers’ bonds ......................................................................................
Advances for taxes, insurance, etc.................................................
Cleaning .................................................................................................
Insurance ...............................................................................................
Telephone ...............................................................................................
Auditing committee ............................................................................
Rent refunded ......................................................................................
Gas and electricity ................................
Commission on sale of real estate....................................................
Sundries ...............................................................................................
Cash on hand December 31, 1920......................................................
$1,500
109
673
96
10
27
253
97
28
100
30
41
51
36
136
8,626
00
21
88
67
55
00
19
50
99
00
00
50
29
00
93
80
$235,667 47
Plan, permanent. Par value of shares, $100. Instalments are not to
exceed 25 cents weekly.
Shares in force January 1, 1920, 8,030; shares issued during the year, 3,320;
shades withdrawn during the year, 1,840; shares in force, 9,510. Borrowing
members, 327, holding 4,8l6 shares; non-borrowing members, 776, holding
4,694 shares. Female shareholders, 397, holding 2,751 shares. Total dividends
credited members during the year on instalment shares, $11,981.68; rate, 5
per cent. Total dividends credited or paid in cash to members during the
year on other shares, $1.88; rate, 4% per cent.
No unpaid withdrawals. Amount of shares matured during the year,
$18,835.45. Operating expenses, as defined in section 390 of the Banking
Law, incurred and paid during the year, $5,686.73.
No premium plan. Interest paid by borrowing members, 6 per cent. No
premium charged.
Loans have been made in Albany, Rensselaer, Saratoga and Schenectady
counties. New York State. Largest mortgage loan outstanding, $5 500.
Mortgages in force in New York State, $294,900. No foreclosures during
the year.
THE SA FETY BUILDING-LOAN AND SAVINGS ASSOCIATION OF THE
CITY OF ALB AN Y
No. 467 Broadway, Albany, N. Y.
[Organized under Law of 1851.
Commenced business 1889]
Officers
Names
Post-office addresses
President.......................
FRAN CIS
J. K E L L IH E R .......... 107 Broad Street.
Secretary Treasurer. EDWARD J. B. MURRAY____ 295 West Lawrence Street.
Attorney........................ ANDREW G. SEELMAN.........68 State Street.
A SSE TS
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 bank .........................................
Instalments due and unpaid ...................................
Interest, premiums, fees and fines due and unpaid
Advances for taxes, insurance, etc............................
Interest accrued ............................................................
Fines accrued ................................................................
Personal accounts ........................................................
$365,800
19, 305
18, 000
321
1,273
1,043
980
2,516
20
486
00
00
00
45
25
44
84
21
57
14
$409,746 90
M
R eport on Savings and L oan A ssociations
LIABILITIES
Dua shareholders, dues ......................................................................
Due shareholders, dividends credited ............................................
Borrowed money .................................................................................
Guaranty fund .....................................................................................
Bond r e s e r v e .........................................................................................
Dues paid in a d v a u e e ........................................................................
Interest paid in advance ..................................................................
Payments on Liberty bonds ............................................................
Personal accounts ................................................................................
$294, 577
€2, 302
26s, 000
2&, 4S8
I, qqq
790
13L
30
2,457
00
05
0©
21
00
25
58
0©
81
$498, 746 9©
R E C E IP T S
Cash on hand January 1, 1920 ........................................................
Dues credited to members ................................................................
Money borrowed ..................................................................................
Mortgages redeemed, forclosed or transferred to real esta te...
Loans on shares repaid ............................
Fees re ce iv e d .........................................................................................
Fines r e c e iv e d ......................................................................................
Interest received .................................................................................
Dividends retained on withdrawals............................
Advances r e p a id .............................................
Liberty loan bonds ami war savings s t a m p s ......................
Personal accounts ..................
Payments on Liberty b o n d s ..............................................................
$916. 45
75,042 0©
36, 500 00
60,100 00
59,964 50
140 51
498 06
23, 089 16
867 94
150 61
75 0©
6,586 61
20 0©
$263, 980 90
DISBURSEMENTS
Loaned on mortgage ..........................................................................
Loaned on s h a r e s .................................
Dues repaid on withdrawal, or applied on loans ......................
Dividends paid on withdrawal, o r applied on l o a n s .................
Cash dividends paid on income and accumulative prepaid
shares ......................................................................................... —
Paid matured shares ..........................................................................
Paid borrowed money and prior m ortg ag es...................................
Paid interest on borrowed money and prior m o rtg a g e s ..........
Paid salaries and clerk-hire .........................
Paid advertising, printing and postage ........................................
Paid rent .........................................................
Paid banking department, examination .......................................
Paid banking department, assessm ent.........................................
Insurance ...............................................................................................
Advances for taxes, insurance, etc...................................................
State League d u e s ...............................................................................
Telephone ..............
Light and gas heater ........................................................................
Depreciation on furniture ................................................................
Personal accounts .......................................................................... ....
Delegate to state con v en tion ............................................................
S u n d rie s............................................................................................... ..
Cash on hand December 31, 1920 ....................................................
f®0;
52,
31,
3,
300
753
718
887
0©
©0
5©
77
1,919 90
58, 200 00
17, 500 00
1, 009 20
1,200 06
109, 99
250 08
100 03
13 20
34 25
311 47
8 00
50 55.
27 59
50 00
4,106 57
25 00
> 84 2©
321 45
$263. 980 90
Plan, serial. Par value of shares, $200. Instalments are 5© cents semi
monthly.
Shares in force January 1, 1920, 4,333; shares issued during the year,
1,295; shares withdrawn during the year, 806; shares in force, 4,822.
A lbany County
25
Borrowing members, 252, holding, 2,040 shares; non-borrowing members,
383, holding 2,782 shares. Female shareholders, 246, holding 1,590 shares.
Total dividends credited members during the year on instalment shares,
$18,248.63; rate 6 per cent. Total dividends credited or paid in cash to
members during the year on other shares, $1,919.90; rate 4% per cent.
No unpaid withdrawals. Amount of shares matured during the year,
$58,200. Entrance fee, 25 cents per share; maximum fee. $1. Operating
expenses, as defined in section 390 of the Banking Law, incurred and paid
during the year, $1,852.95.
No premium plan. Interest paid by borrowing members, 6 per cent.
N o premium charged. Loans have been made in Albany, Rensselaer,
Schenectady and Columbia counties, New York State. Largest mortgage loan
outstanding, $7,600. Mortgages in force in New York State, $365,800. No
foreclosures during the year.
VOORHEESVIiLLE SAVINGS AND LOAN ASSOCIATION
Voorheesville, N. Y .
[Organized under Law o f 1910.
Officers
President...................
Secretary....................
Treasurer...................
Attorney.....................
Commenced business 1913]
Names
FREDERIC V. GREISMAN. . .
JOHN C. GUFFIN......... ............
J’OHN C. GUFETN................... ..
S. J. DARING............................
Post-office addresses
Voorheesville, N. Y.
Voorheesville, N. Y.
Voorheesville, N. Y.
93 State St., Albany, N. Y.
ASSETS
Loans on bond and mortgage ..........................................................
Loans on shares ..................................................................................
Stocks and bonds ................................................................................
Cash on hand and in b a n k ................................................................
Furniture and fixtures ......................................................................
$63, 566
230
100
581
12
12
00
00
39
00
$64,489 51
L IA B IL IT IE S
Due shareholders, dues ........................ . ........................................
Due shareholders, dividends credited ...........................................
Borrowed money ..................................................................................
Undivided profits ...............................................................................
Guaranty fund ....................................................................................
$53, 362
4, 654
4, 000
1, 474
997
30
86
00
90
45
$64,489 51
RECEIPTS
Cash on hand January 1, 1920 ........................................................
Dues credited to members ................................................................
Mortgages redeemed, foreclosed or transferred to real e sta te ..
Loans on shares r e p a id .....................................................................
Interest received ................................................................................
Dividends retained on withdrawals................................................
$241
31, 124
10, 276
20
3, 156
71
59
70
47
00
T8
06
$44,890 60
DISBURSEMENTS
Loaned on mortgage ..........................................................................
Loaned on s h a r e s .................................................................................
Dues repaid on withdrawal, or applied on loans .....................
Dividends paid on withdrawal, or applied on loans ........ ..
Paid matured shares ........................................................................
Paid interest on borrowed money and prior m ortg a g es..........
$15, 584
250
21, 723
1, 495
4, 567
203
26
00
07
70
82
34
26
R eport on Savings and L oan A ssociations
Paid salaries and clerk-hire................................................................
Paid advertising, printing and postage .......................................
Paid r e n t ...............................................................................................
Paid banking department, examination.........................................
Paid banking department, assessment .........................................
Officers’ bonds .......................................................................................
Stationery and books ........ , ..............................................................
Fees to directors .................................................................................
Liberty bonds .....................................................................................
Cash on hand December 31, 1920 ....................................................
$130
14
60
14
2
8
18
137
100
581
00
50
00
66
86
00
00
00
00
39
$44, 890 60
Plan permanent. Par value of shares, $100. Instalments are 25 cents
weekly.
Shares in force January 1, 1920, 1,287; shares issued during the year, 685;
shares withdrawn during the year, 255; shares in force, 1,717. Borrowing
members, 29, holding 506 shares; non-borrowing members, 124, holding 1,211
shares. Female shareholders, 21, holding 228 shares. Total dividends credited
members during the year on instalment shares, $1,236.43; rate 5 per cent.
Total dividends credited or paid in cash to members during the year on other
shares, $978.20; rate 4 per cent, and 5 per cent.
No unpaid withdrawals. Amount of shares matured during the year,
$4,567.82. Operating expenses, as defined in section 390 of the Banking
Law, Incurred and paid during the year, $367.50.
Premuim plan, instalment. Interest paid by borrowing members, 6 per
cent.
Loans have been made in Albany and Rensselaer counties, New York State.
Largest mortgage loan outstanding, $5,500. Mortgages in force in New
York State, $63,566.12. No foreclosures during the year.
W E S T END SAVINGS AND LOAN ASSOCIATION
No. 854 Madison avenue, Albany, N. Y.
[Organized under Law of 1851.
Commenced business 1890]
Officers
Names
President..................... WILLIAM B. FOSKETT.....................
Secretary-Treasurer— THOMAS H. BELL..............................
Attorney..................... JAMES A. BURNHAM, J r..................
Post-office addresses
22 No. Pine Avenue.
749 Myrtle Avenue.
296 Western Avenue.
ASSETS
Loans on bond and mortgage............................................................
Loans on shares ...................................................................................
Stocks and bonds...................................................................................
Contracts for the sale of real estate.............................................
Real e s t a t e ....................................................................................
Cash on hand and in bank..................................................................
$344,715
5,100
18,431
9,138
12,891
7,716
00
00
61
46
20
42
$397,992 69
LIABILITIES
Due shareholders, dues........................................................................
Due shareholders, dividends credited..............................................
Borrowed m o n e y ...................................................................................
Undivided profits .................................................................................
Guaranty fund .....................................................................................
National defense shares......................................................................
$277,492
54,928
25,000
28. 033
12,500
37
77
70
00
90
00
32
$397,992 69
A lbany County
27
R E C E IPTS
Cash on hand January 1, 1920........................................................
Dues credited to members................................................................
Money b orrow ed ............................................................................
Mortgages redeemed, foreclosed or transferred to real estate. .
Loans on shares repaid'.............................................
Real estate sold.....................................................................................
Fees re ce iv e d .........................................................................................
Interest received .................................................................................
Rent received .......................................................................................
Advances repaid ...................................................................................
Profit and loss, special account........................................................
Liberty loan bonds..............................................................................
Profit on sale o f real estate contracts...........................................
Real estate contracts..........................................................................
Insurance, fire losses ..........................................................................
$17,428
142.990
30,000
64,093
3,480
3,726
75
21,414
1,460
50
100
114
1,973
2,049
2,550
66
13
00
00
00
92
50
54
75
00
06
00
08
20
00
$291,505 84
DISBURSEM ENTS
Loaned on mortgage............................................................................
Loaned on shares ..............................................................................
Dues repaid on withdrawal, or applied on loans.........................
Dividends paid on withdrawal, or applied on loans..................
Paid borrowed money and prior mortgages. .................................
Paid interest on borrowed money and prior mortgages..........
Paid salaries and clerk-hire ............................................................
Paid advertising, printing and postage.........................................
Paid rent .............................................................................................
Paid repairs to real estate................................................................
Paid taxes, insurance, etc..................................................................
Paid banking department examinations.......................................
Paid banking department, assessment..........................................
Officers1* bonds .........................................
State League dues................................................................................
Delegate’s expenses to convention...................................................
Victory bonds .......................................................................................
Burglary and holdup insurance........................................................
Real estate contracts........................................................................
Fire loss insurance paid to mortgagors.........................................
Profit and loss-amortized shares received................
Cash on hand December 31, 1920...................................................
$126,000
2,315
112,007
8,949
5,000
793
2,350
184
400
876
494
88
11
28
8
13
15,915
25
5,777
2,550
2
7,716
00
00
19
56
00
76
00
17
00
27
19
17
46
00
00
59
11
00
50
00
45
42
$291,505 84
Plan, permanent. Par value of shares, $105. Instalments are 25 cents
weekly.
Shares in force January 1, 1920, 9,216; shares issued during the year,
2.605; shares withdrawn during the year, 1.070; shares in force, 10.748Borrowing members, 213, holding 3,249 shares; non-borrowing members, 903,
holding 7,499 shares, Female shareholders, 409, holding 3,721 shares. Total
dividends credited members during the year on instalment shares, $13,651.29;
rate 5 per cent.
No unpaid withdrawals. Membership fee, 50 cents, each member. Operat
ing expenses, as defined in section 390 o f the Banking Law, incurred and
paid during the year, $3,020.22.
Premium plan, premium-interest. Interest paid by borrowing members,
13 cents per share per week. No premium charged.
Loans have been made in Albany, Rensselaer and Schenectady counties,
New Lork State. Largest mortgage loan outstanding, $9,450. Mortgages
in force in New York State, $344,715. No foreclosures during the year.
28
R epoet
on
S aving®
L oan A ssociations
and
ALLEGANY COUNTY
ALFRED M U TU AL LOAN ASSOCIATION
No. 44 North Main street, Alfred, N. Y.
[Organized under Law o f 1851.
Officers
President.....................
Secretary.....................
T reasu rer...................
A tto rn e y .....................
A.
E.
F.
E.
B.
P.
H.
P.
Commenced business 18841
Names
KENTON.........................................
SAUNDERS..................................
E L L IS .. ......................................
SAUNDERS.................
Post-office addresses
Alfred, N. Y>
Alfred, N. Y.
Alfred, N. Y.
Alfred; 3d. Y.
ASSETS
Loans on bond and mortgage............................................................
Loans on shares ...................................................................................
Stocks and bond's..................................................................................
’Contracts fo r the sale of real estate................................................
Beal e s ta te ......................................................................................... .
Cash on hand and in b a n k ................................................................
Furniture and fixtures!........................................................................
Instalments due and unpaid............................................................
Interest, and fines due and u npaid............................. ..................
Bent a c c r u e d ..................................................................................... . .
Supplies on hand...................................................................................
$226 ,$90 4)0
16, 300 00
14,775 13
3,027 42
7,823 96
6 313
334 S3
OSS 78
781 96
358 4J0
118 *00
$271,342 0-1
LIABILITIES
D ue shareholders, dues........................................................................
Due shareholders, dividends credited!............................................
Balance to be paid borrowers on mortgage loans.......................
Borrowed money .................................................................................
Undivided p r o fit s .................................................................................
■Guaranty fund .....................................................................................
Deposits by borrowers........................................................................
Dues p r e p a id .........................................................................................
D ues and dividends in suspense................................................
$809,273 ‘90
41,580 40
1 ,0 0 0 0 0
10, 386 00
1,416 32
7 ,4*P0 *69
16- 00
188 ’81
98 08
$271,342 01
RECEIPTS
Cash on hand January 1, 1920........................................................
Dues credited t o members..................................................................
Money b o r r o w e d ................................... ........................ .................. . .
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares repaid...................................
"Fees received . . . .......................................................
Fines r e ce iv e d .............................................
Interest received ...................................................................................
Bent received ....................................................................
Dividends retained on withdrawals..................................................
Deposits by borrowers............................
Taxes and insurance repaid..................
Expenses repaid .......................................................
Beal estate contracts............................................. ................ ............
$77 49
55,125 71
14,300 00
26,475 00
3,350 00
4 75
250 99
14,399 17
490 94
281 03
200 00
14 90
11 04
951 67
$115,332 69
B ronx County
29
DISBURSEMENTS
LranecI on mortgage...................................................
Loaned on shares..................................................................................
Dues repaid on withdrawal, or applied on loans.......................
Dividends paid on withdrawal, or applied on loans..................
Cash dividends paid on income and accumulative prepaid
shares .................................................................................................
Paid matured shares............ ...............................................................
Paid borrowed money and prior mortgages...................................
Paid interest on borrowed money and prior mortgages...............
Paid salaries and clerk-hire..................
Paid advertising, printing and postage..................................
Paid repairs to real estate...................................................
Paid taxes, insurance, etc...............
Paid banking department, examination.......................................
Paid banking department, assessment...........................................
Officers’1b o n d s .......................................................................................
Advances for taxes insurance, e tc...................................................
State League dues and expenses........................................................
Deposits r e p a id ............................
Victory bonds .................................................................................. .. .
Legal s e r v ic e s .......................................................................................
Duel, lights and w ater........................................................................
Office expenses .....................................................................................
Cash on hand December 31, 1920 ....................................................
$36,500
12,250
19,28-1
2,548
00
00
20
44
956 86
27,000'00
5,300 00
309 43
975 00
134 72
10ft 2 ?
297 20
69 21
8 63
16 00
14 90
33 19
209 00
9,775 13
25 00
18 79
113 59
6 13
$115,932 69
Plan, serial. Par value of shares, $200. Instalments are $1 monthly.
Shares in force January 1, 1920, 2,958; shares issued during the year, 667;
sharer withdrawn during the year, 353; shares in force, 3,272. Borrowing
members, 160, holding 1,595 shares; non-borrowing members, 337, holding
1,677 shares. Female shareholdes, 213, holding 1,039 shares. Total dividends
credited members during the year on instalment shares, $13,371.30; rate 2%
and 3 per cent. Total dividends paid in cash to members during the year ©n
other shares, $956.86; rate 2 per cent, and 2.% per cent.
No unpaid withdrawals. Amount of shares matured during the year,
$27,000. Operating expenses, as defined in section 390 Banking Law, incurred
and paid during the year, $1,324.92.
No premium plan. Interest paid by borrowing members, 6 per cent.
No premium charged. Loans have been made in Allegany county, New
York State. Largest mortgage loan outstanding, $6,000. Mortgages in force
in A’ ew York State, $21,000. No foreclosures during the year.
BRONX COUNTY
EUREKA CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION
No. 551 Courtland avenue, New York, N. Y.
[Organized under Law o f 1887. Commenced business 1888]
Officers
President....
Secretary....
Treasurer....
Attorney.......
Names
JOHN L. BURGOYNE........
GEORGE A. SPENCER....
HENRY J. VAN C O O K ...
JOHN DAVIS......................
Post-office addresses
295 E ast 139th Street.
247 Broadway.
Care o f 23d W ard Bank.
551 Courtland Avenue.
ASSETS
Loans on bond and mortgage
Loans on shares ...................
$152, 600 00
4, 910 00
30
R eport
on
Savings
and
L oan A ssociations
Stocks and b o n d s ......................................... .........................................
Cash on hand and in bank ..............................................................
Furniture and fixtures ......................................................................
$14,360 00
826 06
100 00
$172,796 06
L IA B IL IT IE S
Due shareholders, dues ....................................................................
Due shareholders, dividends credited ...........................................
Balance to be paid borrowers on mortgage loans .....................
Borrowed money .................................................................................
Undivided profits .................................................................................
Guaranty fund .....................................................................................
Unearned or rebatable premium . ...............................................
Suspense account ................................................................................
$128, 815 00
20, 361 95
800 00
13, 500 00
3,584 11
3,750 00
1, 960 00
25 00
$172,796 06
R E CEIPTS
Cash on hand January 1, 1920 ........................................................
Dues credited to members ................................................................
Money borrowed ..................................................................................
Mortgages redeemed, foreclosed or transferred to real estate. .
Loans on shares repaid ....................................................................
Fees received ........................................................................................
Fines re ce iv e d .......................................................................................
Interest received ................................................................ ................
Premium received ..............................................................................
Dividends retained on withdrawals ..............................................
Cash over ..............................................................................................
$1,509 31
35,629 50
143,200 00
17,800 00
1, 935 00
37 25
8 36
8, 935 49
508 00
230 80
5 00
$209,798 80
DISBURSEM ENTS
Loaned on mortgage ..........................................................................
Loaned on shares ..............................................................................
Dues repaid on withdrawal, or applied on loans.......................
Dividends paid on withdrawals, or applied on loans................
Paid matured shares .......................*................................................
Paid borrowed money and prior mortgages ...............................
Paid interest on borrowed money and prior mortgages ..........
Paid salaries and clerk-hire ...........................
Paid advertising, printing and postage ..................
Paid rent ...............................................................................................
Paid banking department, examination .......................................
Paid banking department, assessment .........................................
Officers’ bonds ...........................................................................
League dues ..........................................................
Directors’ fees .....................................................................................
Safe deposit box .................................................................................
Revenue stamps ..................................................................................
Auditors ................................................................
Sundries ................................................................................................
Cash on hand December 31, 1920 ......................................................
$53, 600
1,785
8,735
1,098
3, 002
138, 700
741
692
69
350
19
5
16
6
94
5
28
20
5
826
00
00
00
22
27
00
39
00
33
00
50
38
00
00
00
00
50
00
15
06
$209,798 80
Plan, serial. Par value of shares, $200. Instalments are $1.00 monthly.
Shares in force January 1, 1920, 2,373; shares issued during the year,
1,340; shares withdrawn during the year, 265; shares in force, 3,454.
Borrowing members, 47, holding 763 shares; non-borrowing members, 390,
holding 2,691 shares. Female shareholders, 162, holding 1,189 shares. Total
31
B ronx C ounty
dividends credited members during the year on instalment shares, $6,224.64;
rate 5 per cent.
No unpaid withdrawals. Amount of shares matured during the year,
$3,002.27. Entrance fee, 25 cents for book. Operating expenses, as defined
in section 390 of the Banking Law, incurred and paid during the year,
$1,285.98.
Premium plan, gross. Interest paid by borrowing members, 6 per cent.
Premium paid by borrowing members, 1 per cent.
Loans have been made in New York, Bronx, Westchester Suffolk and
. Queens counties, New York State. Largest mortgage loan outstanding,
$6,000. Mortgages in force in New York State, $152,600. No foreclosures
(luring the year.
MOUNT ST. VINCENT CO-OPERATIVE BUILDING AND LOAN
ASSOCIATION
No. 1932 Arthur avenue, New York, N. Y.
[Organized under Law of 1851. Commenced business 1888]
Officers
Names
Post-office addresses
President............................... WILLIAM C. BERGEN............ 130 West 180th Street.
Secretary............................... ANDREW J. FLYNN................. 1976 Hughes Avenue.
Treasurer...............................MICHAEL G E N T ...................... 2423 S'o. Boulevard.
Attorney................................ JOHN J. O'GRADY..................... 277 Broadway.
ASSETS
Loans on bond and m o rtg a g e ............................................................
Stocks and bonds ................................................................................
Contracts for the sale of real estate .............................................
Real estate ................................... .......................................................
Cash on hand and in b a n k ................................................................
Furniture and fixtures ......................................................................
$273, 163
1, 000
13, 004
3, 500
10, 730
50
23
00
36
00
83
00
$301,448 42
LIABILITIES
Due shareholders, dues .....................................
Due shareholders, dividends c re d ite d ...............
Undivided profits ..................................................
Guaranty fund ......................................................
$220,614
66,577
8,376
5, 879
62
06
84
90
$301,448 42
RECEIPTS
Cash on hand January 1, 1920 ......................................................
Dues credited to members ..............................................................
Money borrowed ..................................................................................
Mortgages redeemed, foreclosed or transferred to real e sta te ..
Real estate sold ..................................................................................
Interest received ................................................................................
Premium received ..........................................................................
Hent received ........................................................................................
W ar Savings s t a m p s ..........................................................................
$14, 641
54, 079
9, 000
12,416
1, 772
17,275
156
98
1
09
74
00
77
75
23
54
00
00
$109,441 12
DISBURSEMENTS
Loaned on mortgage ..........................................................................
Dues repaid on withdrawal, or applied on l o a n s .......................
Dividends paid on withdrawal, or applied on loans ................
Paid, borrowed money and prior mortgages .................................
$35,155
37, 781
15, 402
9, 000
00
70
50
00
32:
R eport on Savings and L oan A ssociations
Paid interest on borrowed money and prior mortgages..............
Paid salaries and clerk-hire ............................................................
Paid advertising, printing and p o s ta g e ......................... ..............
Paid rent ...............................................................................................
Paid taxes, insurance, etc.......... .......................................................
Paid banking department, examination .......................................
Paid banking department, assessment .................................. ..
Officers’ bonds .......................................................................................
Metropolitan League dues ................................................................
$9® 80
858 00
18 65
150 00
80 23
19 50
991
8 00
12 00
State League d u e s ......... ...........................................................................
7 09
Commission, on sale of real estate............................. ........................
“ Own Your Own Home ” e x p o sitio n .............................................
Cash on hand December 31, 1920 ....................................................
85 5 t
30 Oft
10, 730 83
$109, 441 12
Plan, permanent. Par value of shares, $100. Instalments are 25 cents
weekly.
Shares in force January 1, 1920, 4,026; shares issued during the year,
620; shares withdrawn during the year, 240; shares in force, 4,406. Borrow
ing members, 64, holding 2,473 shares; non-borrowing members, 308, holding
1,93$ shares., Female shareholders, 145, holding 1,341 shares. Total d ivid en d 's
credited members during the year on instalment shares, $15,777.96, rate 0
per cent.
No unpaid withdrawals. Operating expenses, as defined in section 390 of
the Banking Law, incurred and paid during the year, $1,093.56.
Premium plan, premium-interest. Interest paid by borrowing members,
6 per cent. Premium paid by borrowing members, 1% per cent.
Loans have been made in New York, Kings, Queens, Suffolk, Bronx and
Westchester counties, New York State, and in New Jersey. Largest mortgage
loan outstanding, $25,000. Mortgages in force in New York State, $251,588.23. No foreclosures during the year.
NORTH N E W YORK SAVINGS AND LOAN ASSOCIATION
No. 499 W illis avenue, New York, N . Y .
[Organized under Law ot 1851. Commenced business 188&1
Officers
President....................
Secretary.....................
Treasurer...................
Attorney......................
Names
FRANK A. HOOKER...............
ALBURTUS J. O G D EN ..........
GEORGE PRICE .....................
ARTHUR BELL. . ...................
Post-office addresses
1815 Webster Avenue.
2663 Briggs Avenue.
391 East 149th Street.
391 East M9th Street.
ASSETS
Loans on bond and mortgage ..........................................................
Loans on shares ...................................................................................
Contracts for the sale of real estate ...........................................
Real estate ........................................................, ................................
Cash on hand and in bank ..............................................................
Furniture and fixtures ......................................................................
$203,300
5, 953
4, 633
12, 500
15, 533
106
00
77
62
00
58
53
$242,027 50
LIABILITIES
Due shareholders, dues .................................................................... ..
Due shareholders, dividends credited ............................................
Undivided profits ................................................................................
$209, 685 30
10,148 52
9, 840 83:
33
B ronx C ounty
Guaranty fund ....................................................................................
Appraisal charges ..............................................................................
$12,298 85
54 20
$242,027 50
RECEIPTS
Cash on hand January 1, 1920 ........................................................
Dues credited to members ................................................................
Money borrowed ..................................................................................
Mortgages redeemed, foreclosed or transferred to real esta te..
Loans on shares r e p a id ....................................... ..............................
Fees received .......................................................................................
Interest received ..................................................................................
Premium r e c e iv e d ........................
Rent received .......................................................................................
Real estate contracts .......................................................................
$5, 081
50,435
15, 000
14, 300
3, 565
177
13, 324
76
1,412
4,424
49
91
00
00
00
40
05
50
00
30
$107,796 65
DISBURSEMENTS
Loaned on mortgage ...........................................................................
Loaned on shares ...............................................................................
Dues repaid on withdrawal,or applied on l o a n s ...........................
Paid borrowed money and prior mortgages ...................................
Paid interest on borrowed money and prior m o rtg a g e s..........
Paid salaries and clerk-hire ............................................................
Paid advertising, printing andpostage ......................................
Paid rent ...............................................................................................
Paid repairs to real e s t a t e ................................................................
Paid taxes, insurance, etc...................................................................
Paid banking department,examination ........................................
Paid banking department,assessment .............................................
Officers’ bonds ......................................................................................
State League dues ..............................................................................
Legal fees .............................................................................................
Apprasial charges ..............................................................................
Cash on hand December 31, 1920 .................................................
$12,
6,
55,
15,
650 00
278 77
302 50
000 00
331 33
1, 273 00
245 35
300 00
48 50
627 52
19 50
8 40
10 00
13 00
32 00
123 20
15, 533 58
$107, 796 65
Plan, permanent. Par value o f shares, $100 and $250. Instalments are
10 cents and 25 cents weekly.
Shares in force January 1, 1920, 1,920; shares issued during the year,
520; shares withdrawn during the year, 164; shares in force, 2,276.
Bor
rowing members, 24, holding 575 shares; non-borrowing members, 266,
holding 1,701 shares. Female shareholders, 120, holding 725 shares. Total
dividends credited members during the year on instalment shares, $10,148.52;
rate 5 per cent.
No unpaid withdrawals. Operating expenses, as defined in section 390 of
the Banking Law, incurred and paid during the year, $1,873.35.
■ Premium plan, instalment. Interest paid by borrowing members, 6 per
cent. Premium paid by borrowing members, 21 cents per month per share
on old loans.
Loans have been made in Bronx, Westchester, Queens and Nassau counties,
New York State, and in New Jersey. Largest mortgage loan outstanding,
$6,500. Mortgages in force in New York State, $202,300. N o foreclosures
during the year.
2
u
U eport on Savings and L oan A ssociations
TREMONT BUILDING AND LOAN ASSOCIATION
No. 1931 'Washington avenue, New York, N. Y.
[Organized under Law o f 1851. Commenced business 1884]
Officers
President.
Secretary.
Treasurer.
Attorney..
Names
GALE W. HUTCHISON.
ROBERT 1. LOMAS, J r.
GEORGE W. ROEMER.
FRIEND & FRIEND___
Post-office addresses
239 E. 176th Street.
1941 Concourse.
239 E. 176th Street.
154 Nassau Street,
ASSETS
Loans on bond and mortgage..........................................................
Loans on shares ...................................................................................
Real estate ...........................................................................................
Cash on hand and in bank................................................................
$113,000
9,200
4,673
4,049
00
00
58
83
$130,923 41
LIABILITIES
Due shareholders, dues ......................................................................
Due shareholders, dividends credited................................................
Undivided profits .................................................................................
Guaranty fund .....................................................................................
$99,228
22,717
3, 943
5,034
00
31
45
65
$130,923 41
RECEIPTS
Cash on hand January 1, 1920........................................................
Dues credited to members............................. .................................
Money borrowed ...................................................................................
Mortgages redeemed, foreclosed or transferred to real esta te..
Loans on shares repaid................................... ...............................
Fees received .........................................................................................
Fines received .....................................................................................
Interest received ...................................................................................
Premium r e ce iv e d .................................................................................
Dividends retained on withdrawals................................................
$538
22,996
1,000
12,000
600
30
13
7,042
1,429
405
93
00
00
00
00
50
42
90
74
99
$46,057 48
DISBURSEMENTS
Loaned on mortgage ...........................................................................
Loaned on shares .................................................................................
Dues repaid on withdrawal, or applied on loans..................
Dividends paid on withdrawal, or applied on loans...................
Paid matured sh a r e s ...........................................................................
Paid borrowed money and prior m ortgages.................................
Paid interest on borrowed money and prior mortgages...............
Paid salaries and clerk -h ire..............................................................
Paid advertising, printing and postage.........................................
Paid rent ...............................................................................................
Paid taxes, insurance, etc..................................................................
Paid banking department, examination.........................................
Paid banking department, assessment................
Officers’ b o n d s .......... ...........
State League dues .......................................................................
Janitor ................
Cash on hand December 31, 1920......................................................
$19,700
700
12,964
4,713
1,000
2,000
15
600
75
72
108
13
4
30
6
5
$4,049
00
00
50
07
00
00
50
00
05
00
78
00
75
00
00
00
83
$46,057 48
35
B roome Counts
Plan, serial. Par value of shares, $100. Instalments are 50 cents monthly.
Shares in force January 1, 1920, 3,545; shares issued during the year, 1,130;
shares withdrawn during the year, 380; shares in force, 4,295. Borrowing
members, 36, holding 1,487 shares; non-borrowing members, 111, holding
2,808 shares. Female shareholders, 77, holding 1,884 shares. Total dividends
credited members during the year on instalment shares, $7,737.44; rate,
6 9/10 per cent.
No unpaid withdrawals. Amount of shares matured during the year,
$1,000. Membership fee, 50 cents. Operating expenses, as defined in section
390 of the Banking Law, incurred and paid during the year, $788.05.
Premium plan, installment. Interest paid by borrowing members, 6 per
cent. Premium paid by borrowing members, 10 cents per share monthly.
Loans have been made in New York and Bronx counties, New York State.
Largest mortgage loan outstanding, $8,000. Mortgages in force in New York
State, $113,000. No foreclosures during the year.
BROOME COUNTY
COMMUNITY SAVINGS AND LOAN ASSOCIATION
No. 23 Washington avenue, Endicott, N. Y.
[Organized under Law of 1914. Commenced business 1919]
Officers
President.................
Secretary.................
Treasurer.................
Names
THOMAS A. MacCLARY.........
S. D. FELTON............................
WILLIAM T. ANDERSON___
Post-office addresses
Union, N. Y.
Endicott, N. Y.
Endicott, N. Y.
ASSETS
Loans on bond and mortgage...................
Cash on hand and in bank.............................
Profit and loss................................................
$19,200 00
35 82
84 25
$19,320 07
LIABILITIES
Due shareholders, dues ......................................................................
Borrowed money ................................................................................
Balance due on books, supplies, etc...............................................
Examiner’s fees ..................................................................................
$7,168 00
11,950 00
188 80
1327
$19,320 07
RECEIPTS
Cash on hand January 1,1920............................................................
Dues credited to members..........................
Money borrowed ................................................................................
Fees received .......................................................................................
Interest received .................................................................................
Premium received ..............................................................................
$1,002
6,318
11*950
’ l08
533
35
50
00
00
25
50
80
$19,948 05
DISBURSEMENTS
Loaned on m ortgage............................................................................
Dues repaid on withdrawal, or applied on lo a n s .........................
Paid interest on borrowed money and prior mortgages............
Paid advertising, printing and postage.........................................
Paid banking department, assessment...........................................
Officers’ bonds .......................................................................................
$19,200
90
141
54
1
9
00
00
75
85
03
00
36
R eport on Savings and L oan A ssociations
Incorporation expenses ....................................................................
Books, stationery, supplies, etc........................................................
Cash on hand December 31, 1920 ....................................................
$52 71
362 89
35 82
$19,948 05
Plan, serial. Par value o f shares, $200. Instalments are $1 monthly.
Shares in force January 1, 1920, 250; shares issued during the year, 407;
shares withdrawn during the year, 25; shares in force, 632. Borrowing mem
bers, 6, holding 121 shares; non-borrowing members, 70, holding 511 shares.
Female shareholders, 8, holding 37 shares.
No unpaid withdrawals. Entrance fee, 25 cents per share. Operating ex
penses, as defined in section 390 of the Banking Law, incurred and paid during
the year, $480.48. Operating expenses, as defined in section 390 of the
Banking Law, incurred during the year and remaining unpaid, $202.07.
Premium plan, installment. Interest paid by borrowing members, 6 per
cent. Premium paid by borrowing members, 5 cents per share, per month.
Loans have been made in Broome county, New York State. Largest m ort
gage loan outstanding, $5,000. Mortgages in force in New Y ork State,
$19,200. No foreclosures during the year.
CO-OPERATIVE BUILDING AND LOAN ASSOCIATION OF BINGHAMTON,
N E W YORK
Security Mutual Life Building, corner Exchange and Court streets,
Binghamton, N. Y.
[Organized under Law o f 1861.
Officers
President.....................
Secretary....................
Treasurer...................
Attorney.....................
Commenced business 1886]
Names
H. D. WHITMARSH...............
FREDERICK J. BAUMANN..
WALKER F. SH ERW OOD.. .
E. DAY CLARK........................
Post-office addresses
Binghamton, N. Y.
Security Mut. Life Bldg.
Binghamton, N. Y.
Binghamton, N. Y.
ASSETS
Loans on bond and mortgage.......................
Loan on shares ................................... l . . . .
Cash on hand and in bank .........................
Furniture and fixtures .................................
$298,050
1,400
90
125
00
00
91
00
$300,565 91
LIABILITIES
Due shareholders, dues .....................................................................
Due shareholders, dividends credited...........................................
Balance to be paid borrowers on mortgage loans.......................
Borrowed money ...............................................................................
Undivided profits ...............................................................................
Guaranty fund .....................................................................................
$193,203
13,501
3,900
73,63®
9,73®
6,523
50
44
00
28
TO
99
$300,565 91
RECEIPTS
Cash on hand January 1, 1920...................
Dues credited to members ...........................
Money borrowed ..............................................
Mortgages redeemed, foreclosed or transferred to real esta te..
Loans on shares repaid ....................................................................
Fees received .......................................................................................
$281
54, 826
84,779
54,304
150
111
18
00
73
00
00
75
B roome County
37
Fines received ......................................................................................
Interest received .................................................................................
Dividends retained on withdrawals ................................................
$42 99
16,169 52
223 98
$210,879 15
DISBURSEMENTS
Loaned on mortgage ........................................................................
Loaned on shares .............................................................................
Dues repaid on withdrawal, or applied on loans.......................
Dividends paid on withdrawal, or applied on loans.................
Cash dividends paid on income and accumulative prepaid
shares ..................................................................................................
Paid matured shares' ........................................................................
Paid borrowed money and prior mortgages.................................
Paid interest on borrowed money and prior mortgages........
Paid salaries and clerk-hire ..........................................................
Paid advertising, printing and postage.......................................
Paid r e n t ...............................................................................................
Paid banking department, examination.......................................
Paid banking department, assessment ..........
Officers’ bonds .....................................................................................
State League dues ............................................................................
Mortgage taxes ....................................................................................
Auditing committee ..........................................................................
Delegate’ s expenses to State con v en tion .......................................
Cash on hand December 31, 1920....................................................
$115, 300
950
28,738
1, 752
00
00
00
30
5,147
8,945
44, 612
3,150
1,200
46
240
36
8
30
7
594
15
13
90
77
51
73
54
00
31
00
75
40
00
00
50
00
43
91
$210, 879 16
Plan, serial. Par value of shares, $200. Instalments are $1 monthly.
Shares in force January 1, 1920, 2,550; shares issued during the year,
1,027; shares withdrawn during the year, 440; shares in force, 3,137.
Borrowing members, 118, holding 1,031 shares: non-borrowing members, 121,
holding 2,106 shares. Female shareholders, 72, holding 929 shares. Total
dividends credited members during the year on instalment shares, $4,156.56;
rate, 5 per cent. Total dividends credited or paid in cash to members during
the year on other shares, $5,147.77; rate, 5 per cent.
No unpaid withdrawals. Amount o f shares matured during the year,
$8,945.51. Entrance fee, 25 cents on instalment shares; 10 cents on income
shares. Operating expenses, as defined in section 390 o f the Banking Law,
incurred and naid during the year, $1,560.14.
Premium plan, instalment. Interest paid by borrowing members, 6 per
cent. No premium charged.
Loans have been made in Broome county, New York State. Largest
mortgage loan outstanding, $8,000. Mortgages in force in New York State,
$298,950. No foreclosures during the year.
HOME M UTUAL LOAN AND SAVINGS ASSOCIATION OF BINGHAMTON,
N E W YORK
N o. 18 Court street, Binghamton, N . Y .
[Organized under Law of 1861.
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................
Commenced business 1869]
Names
W. H. HBCOX...............
WILLIAM A. JOHNSON
W. F. SHERWOOD.........
F. M. H AYES...................
Post-office addresses
Binghamton, N. Y.
Binghamton, N. Y.
Binghamton, N. Y.
Binghamton, N. Y.
38
R eport on Savings and Roan A ssociations
assets
Loans on bond and mortgage ........................................................
Loans on shares ...............................................................................
Stocks and bonds ...................................................................... ..
Contracts for the sale of real estate..............................................
Cash on hand and in bank ............................................................
Furniture and fixtures ....................................................................
Advances for taxes, insurance, etc..................................................
$49,622
% 492i
19®
1 ,759
1,657
381
129
16
32
15
18
83
30
88
$56, 240 82
LIABILITIES
Due shareholders, dues ....................................................................
Due shareholders, dividends credited ..........................................
Borrowed m o n e y ...................................................................................
Undivided profits ...............................................................................
Guaranty f u n d ...............................................................................
$45,518
1,310
7,500
71
1,840
90
77
00
15
00
$56,240 82
RECEIPTS
Cash on hand January 1, 1920........................................................
Dues credited to members ..............................................................
Money b o r r o w e d ...................................................................................
Mortgages redeemed, foreclosed or transferred to real estate.
Loans on shares repaid ....................................................................
Fees received .......................................................................................
Interest received .................................................................................
Dividends retained on w ith d ra w a ls...................................
Real estate contracts ......................................................................
$2,249
17,194
2,500
9,179
950
9
2, 736
29
90
05
75
00
00
00
7'5
65
52
00
$34,938 72
DISBURSEMENTS
Loaned on mortgage .........................................................................
Loaned on shares ...............................................................................
Dues repaid on withdrawal, or applied on loans.......................
Dividends paid on withdrawal, or applied onloans................
Cash dividends paid on income and accumulative prepaid
s h a r e s ..................................................................................................
Paid matured shares ........................................................................
Paid interest on borrowed money and prior m ortgages.. . .
Paid advertising, printing and postage........................................
Paid r e n t ...............................................................................................
Paid banking department, examination.......................................
Paid banking department, assessment...........................................
Officers’ bonds ........................
Advances for taxes, insurance, e tc ................................................
T elep h on e................................................................................
Furniture and fixtures ....................................................................
Mortgage taxes, e tc .............................................................................
S u n d ries..................................................................................................
Cash on hand December 31, 1920 ....................................................
$18, 764
2,072
7,904
645
85
32
53
41
1, 541 26
1,500 00
18985
1531 90
70 00
36 79
6 51
12 50
32 02
26 64
181 30
113 56
29 45
1, 657 83
$34,938 72
Plan, permanent. Par value of shares, $100, $200, $300, $500. Instal
ments are 25 cents weekly.
Shares in force January 1, 1920, 716; shares issued during the year, 520;
shares withdrawn during the year, 238; shares in force, 998. Borrowing
members, 8, holding 93 shares; non-borrowing members, 117, holding 905
Cattaraugus County
39
shares.
Female shareholders, 19, holding 135 shares.
Total dividends
credited members during the year on instalment shares, $491.46; rate, 5 per
cent. Total dividends credited or paid in cash to members during the year
on other shares, $1,541.26; rate, 5 per cent.
N o unpaid withdrawals. Amount of shares matured during the year,
$1,500. Membership fee, 25 cents. Operating expenses as defined in section
390 of the Banking Law, incurred and paid during the year, $412.56.
No premium plan. Interest paid by borrowing members, 6 per cent. No
premium charged.
Loans have been made in Broome coun
county, New York State. Largest
mortgage loan outstanding, $7,000. Mortgag
Mortgages in force in New York State,
$49,622.16. No foreclosures during the year.
CATTARAUGUS COUNTY
G 0W A N D A CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION
No. 37 Main street, Gowanda, N. Y.
[Organized under Law of 1851.
Officers
President ....................
Secretary.....................
Treasurer...................
Attorney.....................
Commenced business 1889]
Names
Post-office addresses
Gowanda, N. Y.
FRANKLIN J. HERDEG.............................. Gowanda, N. Y.
FRANKLIN J. HERDEG.............................. Gowanda, N. Y.
FRED J. BLACKMON................................. Gowanda, N. Y.
C. J. HOWARD..................................................
ASSETS
Loans on bond and mortgage............................................................ $1,071,607 87
Loans on s h a r e s ...................................................................................
41, 935 40
Stocks and bonds ................................................................................
455,000 00
3,298 00
Contracts for the sale of real estate................................................
Real e s t a t e .............................................................................................
5,500. 00
Cash on 'hand and in bank................................................................
393,766 90
Furniture and fixtures ......................................................................
850 00
Interest, premium, fees and finesdue and unpaid........................
157 81
Interest accrued ...................................................................................
11,342 19
$1,983,458 17
LIABILITIES
Due shareholders, dues...................................................................... $1,837,707 30
Due shareholders, dividendscredited................................................
64,638 52
Undivided profits .................................................................................
51,195 35
Guaranty fund .....................................................................................
29,000 00
Unearned or rebatable p rem iu m ......................................................
917 00
$1,983,458 17
RECEIPTS
Cash on hand January 1, 1920........................................................
Dues credited to members...........................: .....................................
Mortgages redeemed, foreclosed or transferred to real estate. .
Loans on shares repaid......................................................................
Fees received .........................................................................................
Fines received .......................................................................................
Interest received ................................................................................
Premium received ...............................................................................
$321,326
1,261,463
150,599
44,699
882
19
98,539
310
94
80
75
00
50
31
97
00
40
R eport on Savings and L oan A ssociations
Rent received .........................................................................................
Dividends retained on withdrawals..................................................
Committee expense r e p a id ..................................................................
Liberty loan bonds...............................................................................
Other bonds r e p a id ...............................................................................
Real estate c o n tra cts ..........................................................................
$201
1,324
70
10,750
393
700
00
22
00
00
50
00
$1,891,279 99
DISBURSEMENTS
Loaned on mortgage ......................
Loaned on s h a r e s .................................................................................
Dues repaid on withdrawal, or applied on loans.........................
Dividends paid on withdrawal, or applied on loans.....................
Cash dividends paid on income and accumulative prepaid
shares .................................................................................................
Paid matured s h a r e s ..........................................................................
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage.........................................
Paid taxes, insurance, e tc..................................................................
Paid banking department, examination.......................................
Paid banking department, assessment...........................................
State League dues .......................................
Victory bonds .......................................................................................
Liberty bonds .......................................................................................
Interest accrued on bonds..................................................................
School bonds .........................................................................................
Committee expenses .............................................................................
Heat, light and telephone..................................................................
Water .....................................................................................................
Heater ...................................................................................................
Books .......................................................
Office expenses .....................................................................................
Cash on hand December 31, 1920......................................................
$225,960
56,974
934,054
9,664
00
00
28
01
43,338
55,926
6,115
525
260
170
54
18
143,900
10,704
2,660
6,500
100
299
11
60
158
55
393,766
78
70
99
28
88
19
40
00
00
90
97
00
00
68
00
00
67
36
90
$1,891,279 99
Plan, permanent. Par value of shares, $125. Instalments are 25 cents
weekly.
Shares in force January 1, 1920, 8,095; shares issued during the year,
3,530; shares withdrawn during the year, 1,462; shares in force, 10,163.
Borrowing members, 546, holding 2,852 shares; non-borrowing members,
1,985, holding 7,311 shares. Female shareholders, 724, holding 3,302 shares.
Total dividends credited members during the year on instalment shares,
$15,452.31; rate, 6 per cent. Total dividends credited or paid in cash to
members during the year on other shares, $57,611.22; rate, 4 per cent., 4%
per cent, and 6 per cent.
No unpaid withdrawals. Amount of shares matured during the year,
$55,926.70. Entrance fee, 25 cents per share. Operating expenses, as defined
in section 390 of the Banking Law, incurred and paid during the year,
$7,343.98.
Premium plan, gross and instalment. Interest paid by borrowing members,
6 per cent. Premium paid by borrowing members, 2% cents per share.
Loans have been made in Erie, Cattaraugus and Chautauqua counties, New
York State. Largest mortgage loan outstanding, $10,000. Mortgages in
force in New York State, $1,071,607.87. No foreclosures during the year.
4i
Cattaraugus County
OLEAN BUILDING, LOAN AND SAVINGS ASSOCIATION
No. I l l North street, Olean, N. Y.
[Organized under Law o f 1861.
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................
Commenced business 1892]
Names
Post-office addresses
M. G. FITZPATRICK .............................................. Olean, N. Y.
F. Y. R. STILLMAN................................................. Olean, N. Y.
PAUL H. QUINN........................................................
Olean, N. Y.
JOHN K. WARD......................................................... Olean, N. Y.
ASSETS
Loans on bond and m ortgage............................................................
Loans on shares ...................................................................................
Cash on hand and in bank..................................................................
County Clerk’s office............................................................................
$73,300
2,020
869
16
00
10
04
43
$76,205 57
LIABILITIES
Due shareholders, dues.......................................................
Due shareholders, dividends credited............................................
Borrowed m o n e y ...................................................................................
Undivided profits ................................. ' ..............................................
Guaranty fund .....................................................................................
$51,962
9,325
11,000
917
3,000
35
33
00
89
00
$76,205 57
RECEIPTS
Cash on hand January 1, 1920..........................................................
Dues credited to members..................................................................
Money b o r r o w e d ...................................................................................
Mortgages redeemed, foreclosed or transferred to real estate. .
Loans on shares repaid......................................................................
Interest received .................................................................................
Premium received ..............................................................................
Dividends retained on withdrawals..................................................
Cost of search repaid..........................................................................
$7,372 09
33,368 50
10,000 00
18,900 00
2,685 40
3,972 10
1,269 08
72 08
2 69
$77,641 94
DISBURSEMENTS
Loaned on mortgage ..........................................................................
Loaned on shares...................................................................................
Dues repaid on withdrawal, or applied on loans...........................
Dividends paid on withdrawal, or applied on loans.....................
Cash dividends paid on income and accumulative prepaid
shares .................................................................................................
Paid matured s h a r e s ..........................................................................
Paid borrowed money and prior mortgages.................................
Paid interest on borrowed money and prior mortgages.............
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage............................................
Paid rent ...............................................................................................
Paid banking department, examinations.......................................
Paid banking department, assessment.............................................
County Clerk’s office ..........................................................................
Mortgage t a x .........................................................................................
Recording fees .....................................................................................
Cash on hand December 31, 1920......................................................
$26,500
2,227
9,036
434
00
00
45
19
85
26,390
9,500
783
1,340
170
102
61
3
8
115
14
869
75
18
00
76
00
35
00
03
39
84
00
96
04
$77,641 94
42
R eport on Savings and L oan A ssociations
Plan, permanent. Par value of shares, $100. Instalments are 20 cents
weekly.
Shares in force January 1, 1920, 2,293; shares issued during the year,
1,179; shares withdrawn during the year, 888; shares in force, 2,584. Borrow
ing members, 41, holding 733 shares; non-borrowing members, 350, holding
1.851 shares. Female shareholders, 254, holding 1,536 shares. Total dividends
credited members during the year on instalment shares, $2,756.75; rate, 5
per cent. Total dividends credited or paid in cash to members during the
year on other shares, $67.18; rate, 4 per cent.
No unpaid withdrawals. Amount of shares matured during the year,
$26,390.18. Operating expenses, as defined in section 390 of the Banking Law,
incurred and paid during the year, $1,630.70.
Premium plan, instalment. Interest paid by borrowing members, 10 cents
per share, per week. Premium paid by borrowing members, 15 cents per
share per month.
Loans have* been made in Cattaraugus county, New Y ork State. Largest
mortgage loan outstanding, $6,000. Mortgages in force in New York State,
$73,300. No foreclosures during the year.
SALAM ANCA LOAN AND BUILDING ASSOCIATION
No. 10 Atlantic street, Salamanca, N . Y .
{Organized under Law o f 1851.
Officers
Commenced business 1882]
Post-office addresses
Salamanca. N. T.
Salamanca, N. Y.
Salamanca, N. Y.
Salamanca, N. Y.
Names
Secretary..
Treasurer.
A ttorn ey..
ASSETS
$563,375 00
5,365 87
Loans on bond and m ortgage........
Cash on hand and! in bank............
Furniture and fixtures...............
Advances fo r taxes, insurance, etc.
Attorney’s fees .................................
100 00
139 88
101 40
$569,082 15
L IA B IL IT IE S
Due shareholders, dues.................................................
Due shareholders, dividends credited.......................
Balance to be paid borrowers on mortgage loans.
Borrowed money ..........................................................
Undivided profits .......................................... ..........
Guaranty fund ..............................................................
Unearned or rebatable premium.................................
..
$413,417
62,913
4,400
47,162
' 5 7 7
16,481
24,130
26
11
00
45
04
58
71
$569,082 15
RECEIPTS
Cash on hand January 1, 1920....................................................
Dues credited to members............................................................
Money borrowed ...............................................................................
Mortgages redeemed, foreclosed or transferred to real estate.
Fines r e ce iv e d ...................................................................................
Interest r e ce iv e d ...............................................................................
Premium r e ce iv e d .............................................................................
Dividends retained on withdrawals ...........................................
Advances r e p a id ...............................................................................
$5,129
203,684
28,350
88,250
257
26,815
7,365
347
159
32
98
00
00
19
41
43
23
55
$360,359 11
43
Cayuga County
DISBURSEM ENTS
Loaned on mortgage............................................................................
Dues repaid on withdrawal, or applied on loans...........................
Dividends paid on withdrawal, or applied on loans..................
Cash dividends paid on income and accumulative prepaid
shares .................................................................................................
Paid matured s h a r e s ..........................................................................
Paid borrowed money and prior mortgages...................................
Paid interest on borrowed money and prior mortgages..........
Paid salaries and clerk-hire ............................................................
Paid advertising, printing and postage.........................................
Paid r e n t ...............................................................................................
Paid banking department, examination.........................................
Paid banking department, assessment............................................
Advances for taxes, insurance e tc....................................................
State League dues.................................................................................
Light and heat.......................................................................................
T eleph on e...............................................................................................
Insurance ...............................................................................................
Expense to State League convention................................................
Window sign .........................................................................................
Premiums refunded ............................................................................
Revenue stamps ...................................................................................
Paid attorney on loans not completed...........................................
S u n d rie s.................................................................................................
Cash on hand December 31, 1920 ....................................................
$125,250 00
148,951 49
18,954 97
561 05
26,518 15
28,131 16
2,858 33
1,733 32
235 29
220 50
42 06
1770
49 32
10 00
39 20
43 67
16 00
27 00
15 95
1,173 55
8 50
101 40
34 63
5,365 87
$360,359 11
Plan, serial. Par value of shares, $125. Instalments are 25 cents weekly.
Shares in force January 1, 1920, 7,689; shares issued during the year,
2,076; shares withdrawn during the year, 1,530; shares in force, 8,235. Bor
rowing members, 461, holding 4,305 shares; non-borrowing members, 313,
holding-3,930 shares. Female shareholders, 303, holding 2,309 shares. Total
dividends credited members during the year on instalment shares, $21,432.17;
rate 6 per cent. Total dividends credited or paid in cash to members dur
ing the year on other shares, $1,626.27; rate 4 per cent.
No unpaid withdrawals. Amount of shares matured during the year,
$26,518.15. Operating expenses, as defined in section 390 of the Banking
Law, incurred and paid during the year, $2,393.26.
Premium plan, gross-. Interest paid by borrowing members, 6 per cent.
Premium paid by borrowing members, 6 per cent.
Loans have been made in Cattaraugus county, New York State. Largest
mortgage loan outstanding, $15,000. Mortgages in force in New York State,
$563,375. Four foreclosures during the year.
CAYUGA COUNTY
SAVINGS AND LOAN ASSOCIATION OF AUBURN
Auburn, N. Y.
[Organized under Law o f 1914.
Officers
P resident....................
Secretary....................
T reasurer....................
A ttorn ey ......................
Commenced business 1920]
Names
F R E D L.
E M ERSON ...........
F R E D W. H E R E N D E E N ...........
F R E D W . H E R E N D E E N ...........
F R E D E R IC K B. W IL L S ..............
Post-office addresses
41 W ashington Street.
8 South Street.
8 South Street.
Auburn Savings Bk. Bldg.
A SSE TS
Loans on bond and m ortgage............................................................
Cash on hand and in bank................................................................
$58,609 00
3,924 18
$62,524 18
44
R eport on Savings and L oan A ssociations
LIAB ILITIES
Due shareholders, dues........................................................................
Undivided profits ................................................................................
Guaranty f u n d .......................................................................................
$61,429 50
985 21
109 47
$62,524 18
RECEIPTS
‘
Dues credited to members................................................................
Fines received . .....................................................................................
Interest received ...... ..........................................................................
$65,357 75
92 05
1,002 63
$66,452 43
DISBURSEMENTS
Loaned on mortgage.............................................................................
Dues repaid on withdrawal, or applied on loans.......................
Gash on hand December 31, 1920................................................
$58,600 00
3,928 25
3,924 18
$66,452 43
Plan, permanent. Par value o f shares, $200. Instalments are 25 cents
weekly.
Shares in force January 1, 1920, none; shares issued during the year, 4,860;
shares withdrawn during the year, 1,204; shares in force, 3,656. Borrowing
members, 27, holding 298 shares; non-borrowing members, 542, holding 3,358
Shares. Female shareholders, 142, holding 619 shares.
N o unpaid withdrawals.
Premium plan, gross. Interest paid by borrowing members, 6 per cent.
N o premium charged.
Loans have been made in Cayuga county, New Y ork State. Largest mort
gage loan outstanding, $4,000. Mortgages in force in New York State,
$58,600. No foreclosures during the year.
CHAUTAUQUA
COUNTY
B R 0C T0N BUILDING, SAVINGS AN D LOAN ASSOCIATION
Main street, Brocton, N. Y.
[Organized under Law of 1914.
Commenced business 1919]
Officers
President....................
Names
Post-office addresses
G. E. MORSE.....................................................
Portland,
N.Y.
Attorney...................
O. A. OTTAWAY................................................
Secretary-Treasurer.
W A L T E R N. C L A R K ..........................................
B rocton, N. Y.
Brocton, N. Y.
ASSETS
Loans on bond and m o r tg a g e ..........................................................
Loans on s h a r e s ...................................................................................
Cash on hand and in b a n k ................................................................
$17, 800 00
200 00
472 33
$18,472 33
LIABILITIES
Due shareholders, dues ....................................................................
Due shareholders, dividends credited ............................................
Undivided profits .................................................................................
Guaranty fund .....................................................................................
Salaries due and u n p a id ....................................................................
$17, 884
435
72
50
30
75
39
19
00
00
$18,472 33
Chautauqua County
45
RECEIPTS
Cash on hand January 1, 1920 .......................................................
Dues credited to members ................................................................
Fees received .......................................................................................
Fines received .....................................................................................
Interest received .................................................................................
$10, 610
8, 968
71
5
729
83
00
75
46
82
$20,385 86
DISBURSEM ENTS
Loaned on mortgage ..........................................................................
Loaned on shares ................................................................. ; ............
Dues repaid on withdrawal, or applied on lo a n s .......................
Paid salaries and clerk-hire ............................................................
Paid advertising, printing and postage .......................................
Paid banking department .................................................................
Cash on hand December 31, 1920 ....................................................
$17, 800
200
1, 662
100
139
11
472
00
00
50
00
45
58
33
$20,385 86
Plan, permanent. Par value of shares, $125. Instalments are 25 cents
weekly.
Shares in force January 1, 1920, 727; shares issued during the year, 287;
shares withdrawn during the year, 228; shares in force, 786. Borrowing
members, 10, holding 146 shares; non-borrowing members, 111, holding 640
shares. Female shareholders, 25, holding 117 shares. Total dividends credited
members during the year on instalment shares, $140.19; rate 3 per cent.
Total dividends credited or paid in cash to members during the year on
other shares, $295.20; rate 3 per cent.
No unpaid withdrawals. Entrance fee, 25 cents per share. Operating
expenses, as defined in section 390 of the Banking Law, incurred and paid
during the year, $239.45. Operating expenses, as defined in section 390 of
the Banking Law, incurred during the year and remaining unpaid, $30.
No premium plan. Interest paid by borrowing members, 6 per cent.
Loans have been made in Chautauqua county, New York State. Largest
mortgage loan outstanding, $2,500. Mortgages in force in New York State,
$17,800. No foreclosures during the year.
DUNKIRK SAVINGS AND LOAN ASSOCIATION
No. 229 Central avenue, Dunkirk, N. Y.
[Organized under Law o f 1851. Commenced business 1889]
Officers
President.
Secretary.
Treasurer,
Attorney.
Names
JOSEPH DOMST...............
WIHLIAM T. MADIOAN
JAMES M. M AD IG A N ...
SIMON J. KARIN............. .
Post-office addresses
427 Park Avenue.
229 Central Avenue.
Merchants National Bank.
229 Central Avenue.
ASSETS
Loans on bond and m o r tg a g e ............................................................
Loans on shares ..................................................................................
Stocks and bonds ............................................. ................................
Cash on hand and in b a n k ................................................................
Furniture and fix tu res'......................................................................
Advances for taxes, insurance, etc...................................................
$430, 550
3, 615
12,141
8, 806
382
14
00
00
00
57
39
03
$455,508 99
46
R eport on Savings and L oan A ssociations
L IA B IL IT IE S
Due shareholders', dues ............................................... ......................
Due shareholders, dividends c re d ite d .............................................
Balance to be paid borrowers on mortgage lo a n s .......................
Undivided profits ...............................................................................
Guaranty fund ...................................................................................!
$408, 648
33.’ 352
1, 250
4,188
8^069
98
00
00
38
63
$455,508 99
R E C E IP T S
Cash on hand January 1, 1920 ........................................................
$569
Dues credited to members ................................................................
198,200
Money borrowed .................................................................................
26, 000
Mortgages redeemed, foreclosed or transferred to real e sta te ..
58, 750
Loans on shares repaid ....................................................................
395
Fees received ........................................................................................
289
Fines received ....................
324
Interest received .................................................................................
2 1, 713
Dividends retained on withdrawals ...............................................
1 , 255
Advances repaid ............................................................................................
47
74
00
00
00
50
60
23
97
11 08
$308, 509 59
DISBU RSEM EN TS
Loaned on mortgage ..........................................................................
Loaned on shares .................................................................................
Dues repaid on withdrawal, or applied on l o a n s .......................
Dividends paid on withdrawal, orapplied onloans ...................
Cash dividends paid on income and. accumulative prepared
shares .................................................................................................
Paid matured shares .........................................................................
Paid borrowed money and prior m ortg a g es.................................
Paid interest on borrowed money and prior mortgages ..........
Paid salaries and clerk-hire ............................................................
Paid advertising, printing and p o s ta g e .........................................
Paid rent ...............................................................................................
Paid banking department, exam ination s.......................................
Paid banking department, assessm ent...........................................
Officers’ bonds and holdup insurance .............................................
Advances for taxes, insurance, etc...................................................
State League dues ..............................................................................
Telephone .............................................................................................
Lights and cle a n in g ..................
Books and stationery ....................................... , ..............................
Sundries .................................................................................................
Cash on hand December 31, 1920 ....................................................
$1 1 1 ,
2,
56,
3,
500 00
980 00
910 03
920 64
73
76,573
44, 000
957
2, 289
90
83
62
13
42
11
16
29
23
I ll
15
8, 806
38
10
00
62
94
79
00
80
40
00
08
00
05
82
37
00
57
$308,509 59
Plan, serial. Par value of shares, $100. Instalments are 25 cents weekly.
Shares in force January 1, 1920, 10,751; shares issued during the year,
5,136; shares withdrawn during the year, 2,382; shares in force, 13,505.
Borrowing members, 362, holding 4,371 shares; non-borrowing members,
1,758, holding 9,134 shares.
Female shareholders, 1,066, holding 5,232
shares. Total dividends credited members during the year on instalment
shares, $19,504.45; rate 5.49 per cent. Total dividends credited or paid
in cash to members during the year on other shares, $73/38, rate 4y2 per
cent.
No unpaid withdrawals. Amount of shares matured during the year,
$76,573.10.
Entrance fee, 25 cents per share.
Operating expenses, as
defined in section 390 of the Banking Law, incurred and paid during the
year, $2,685.97.
Chautauqua County
47
No premium plan. Interest paid by borrowing members, 5.2 per cent.
Loans have been made in Chautauqua county, New York State. Largest
mortgage loan outstanding, $5,000. Mortgages in force in New York State,
$430,550. No foreclosures during the year.
LAKE SHORE SAVINGS AND LOAN ASSOCIATION
No. 305 Central avenue, Dunkirk, N. Y.
[Organized under Law of 1851.
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................
Commenced business 1891]
Names
GEORGE A. STARR........................
JOHN J. MADIGAN.....................
R. H. GALBRAITH.........................
J. L. HURLBERT..........................
Post-office addresses
Dunkirk, N. Y.
121 West Fourth Street.
Lake Shore Nat. Bank.
305 Central Avenue.
ASSETS
Loans on bond and m ortgage..................................... ’ .....................
Loans on shares.....................................................................................
Stocks and bonds..................................................................................
Cash on hand and in bank.................................................................
Furniture and fixtures......................................................................
Advances for taxes, insurance, e tc................................................. .
$350,330
250
2,000
4,810
49
3
00
00
00
98
50
44
$357,443 92
L IA B IL IT IE S
Due shareholders, dues........................................................................
Due shareholders, dividends credited................................................
Borrowed money ................................................................................
Undivided profits ................................................................................
Guaranty fund ..........................
Due to individuals on account of mortgage.................................
$288,985
47,338
12,000
2,030
6,732
357
84
36
00
00
19
53
$357,443 92
RECEIPTS
Cash on hand January 1, 1920........................................................
Dues credited to members..................................................................
Money b o r r o w e d ..................................................................................
Mortgages redeemed, foreclosed or transferred to real estate. .
Fees r e ce iv e d .........................................................................................
Fines received . . . . , ............................................................................
Interest received .................................................................................
Dividends retained on withdrawals................................................
Individual account ............................................................................
$3,147 72
102,978 29
31,000 00
32,050 00
856 90
98 02
17,568 45
120 77
122 50
$187,942 65
DISB U R SEM E N TS
Loaned on mortgage............................................................................
Loaned on s h a r e s ................................................................................
Dues repaid on withdrawal, or applied on loans.......................
Dividends paid on withdrawal, or applied on loans...................
Paid matured shares.............................................................................
Paid borrowed money and prior mortgages...............................
Paid interest on borrowed money and1 prior mortgages.............
Paid salaries and c le rk -h ir e ...* ....................................................
Paid! advertising, printing and postage.......................................
Paid rent ...............................................................................................
$71,000
250
51,598
7,299
24,137
26,000
1,306
965
284
80
00
00
68
19
34
00
82
00
08
00
48
R eport on Savings and L oan A ssociations
Paid banking department,examination...........................................
Paid banking department,assessment..............................................
Officers’ bonds .......................................................................................
State League dues.................................................................................
Desk .......................................................................................................
Safe deposit box rent..........................................................................
S t o v e .......................................................................................................
Appraisals .............................................................................................
Revenue stamps ...................................................................................
Cash on hand December 31, 1920..........
$47
11
17
7
49
40
15
19
3
4,810
28
02
50
00
50
00
46
00
80
98
$187,942 65
Plan, permanent. Par value of shares, $100. Instalment® are 10 cents
weekly.
Shares in force January 1, 1920, 14,966; shares issued during the year,
8,379; shares withdrawn during the year 3,945; shares in force, 19,400.
Borrowing members, 165, holding 4,981 shares; non-borrowing members, 840,
holding 14,419 shares. Female shareholders, 385, holding, 5,744 shares. Total
dividends credited members during the year on instalment shares, $14,455.69;
rate 2.6 per cent. Total dividends credited or paid! in cash to members dur
ing the year on other shares, $5,316; rate 4% per cent.
N o unpaid withdrawals. Amount o f shares matured during the year,
$24,137.34. Entrance fees, 10 cents per share. Operating expenses, as defined
in section 390 of the Banking Law, incurred and paid during the year
$1,416.38.
N o premium plan. Interest paid by borrowing members, 5.2 per cent.
N o premium charged.
Loans have been made in Chautauqua county, New York State. Largest
mortgage loan outstanding, $14,480. Mortgages in force in New York State,
$350,330. No foreclosures during the year.
SILVER CREEK CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION
No. 10 Main street, Silver Creek, N. Y.
[Organized under Law of 1894.
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney......................
Commenced business 1909]
Names
Post-office addresses
C. S; HOLMES...........................................
Sliver Creek, N. T.
W. J. BRAND.............................................
Silver Creek, N. Y.
HOWIARD M. MONTGOMERY...............
Silver Creek, N. Y.
CARLTON B. LIVERMORE.................... Silver Creek. N. Y.
ASSETS
Loans on bond and mortgage............................................................
Loans on shares1.....................................................................................
Stocks and b on d s..................................................................................
Cash on hand and in bank..................................................................
Furniture and fixtures........................................................................
$63,200
160
21,150
2,149
81
00
00
00
87
75
$86,741 62
LIABILITIES
Due shareholders, dues........................................................................
Due shareholders, dividends credited................................................
Borrowed m o n e y ...................................................................................
Undivided profits ................
Guaranty fund .....................................................................................
$78,292
3,436
1,900
2,089
1,022
73
31
00
71
87
$86,741 62
Chautauqua County
49
RECEIPTS
Cash on hand January 1, 1920......................................................
Dues credited to members..................................................................
Money b o r r o w e d ...................................................................................
Mortgages redeemed1, foreclosed or transferred to real esta te..
Loans on shares repaid........................................................................
Fees received' .......................................................................................
Fines’ r e ce iv e d .......................................................................................
Interest received ................................................................................
Liberty bonds .......................................................................................
$1,507
36,955
11,400
13,165
648
150
97
4,674
9,200
24
65
00
33
00
75
17
46
00
$77,808 60
DISBURSEMENTS
Loaned on m ortgage............................................................................
Loaned on shares.......................................
Dues repaid on withdrawal, or applied on loans.......................
Dividends paid on withdrawal, or applied on lo a n s ...................
Cash dividends paid on income and accumulative prepaid
shares .............................................
Paid matured s h a r e s ..........................................................................
Paid borrowed money and prior mortgages...................................
Paid interest on borrowed money and prior mortgages.............
Paid salaries' and clerk-hire..............................................................
Paid advertising, printing and postage.........................................
Paid r e n t ...............................................................................................
Paid banking department, examination.........................................
Paid banking department, assessment...........................................
Officers’ b o n d s .......................................................................................
State League dues................................................................................
Recording and mortgage ta x ............................................................
Revenue sta m p s.....................................................................................
Cash on hand December 31, 1920....................................................
$32,700
300
9,075
190
00
00
48
92
1,273
21,888
9,500
123
350
2
26
41
3
12
5
165
34
89
00
75
00
45
00
67
40
00
00
23
60
2,149 87
$77,808 60
Plan, permanent. Par value o f shares, $100. Instalments are 25 cents
weekly.
Shares in force January 1, 1920, 1,573; shares issued during the year, 055;
shares withdrawn during the year, 372; shares in force, 1,856. Borrowing
members, 161, holding 732 shares; non-borrowing members, 168, holding
1,124 shares. Female shareholders, 102, holding 347 shares. Total dividends
credited members during the year on instalment shares, $2,199.44; rate 6.65
per cent. Total dividends credited or paid in cash to members during the
year on other shares, $1,273.34; rate 5 per cent.
No unpaid withdrawals. Amount of shares matured during the year,
$21,888.89. Entrance fee, 25 cents per share. Operating expenses, as defined
in section 390 o f the Banking Law, incurred and m id during the year,
$561.28.
No premium plan. Interest paid by borrowing members, 5.2 per cent. No
premium charged.
Loans have been made in Chautauqua county, New York ‘State. Largest
mortgage loan outstanding, $3,500. Mortgages in force in New York State,
$63,200. No foreclosures during the year.
50
R epoet on Savings and L oan A ssociations
CHEMUNG COUNTY
TH E CHEMUNG V A L LE Y M UTUAL LOAN ASSOCIATION
No. 121 East Church street, Elmira, N. Y.
[Organized under Law o f 1851.
Officers
President.. .
Secretary...
Treasurer..,
A ttorn ey.. .
Commenced business 1875.
Law of 1894]
Names
GEORGE V. R. M ERRILL.........
GEORGE iH. DAVIDSON................
MILTON Y. SMITH........................
CASSIUS A. PH ILLIPS...............
Reorganized under
Post-office addresses
464 Spaulding Street.
121 East Church Street.
Second National Bank.
511 Robinson Bldg.
ASSETS
Loans on bond and mortgage...................................
Loans on s h a r e s ..........................................................
Stocks and bonds ........................................................
Contracts for the sale o f real estate.......................
Cash on hand and in bank.........................................
Furniture and fixtures ..............................................
Instalments due and unpaid.....................................
Interest, premium, fees and fines due and unpaid
Advances for taxes, insurance, e tc.........................
$2,015,008
71,500
60,000
624
53,565
1,170
3,939
1,174
920
17
00
00
16
94
75
90
60
88
$2,207,904 40
L IA B IL IT IE S
Due shareholders, dues...................................................................... $1,766,227 38
Due shareholders, dividends credited................................................
292,975 75
Due shareholders, matured shares....................................................
79,800 00
Balance to be paid borrowers on mortgage loans.........................
3,850 00
Undivided p r o fit s .................................................................................
7,627 26
Guaranty fund .....................................................................................
49*389 82
Installments p r e p a id ...........................................................................
5,909 64
Interest prepaid ...................................................................................
294 55
1,830 00
Suspense account ................................................................................
$2,207,904 40
RECEIPTS
Cash on hand January 1, 1920..........................................................
Dues credited to members ................................................................
Money borrowed ...................................................................................
Mortgages redeemed, foreclosed or transferred to real esta te..
Loans on shares repaid......................................................................
Fees re ce iv e d .........................................................................................
Fines received .....................................................................................
Interest received .................................................................................
Dividends retained on withdrawals..................................................
Advances repaid ...................................................................................
Suspense account .......................•.........................................................
Juvenile banks s o l d .............................................................................
U. S. Treasury certificates o f indebtedness...................................
Real estate contract......................
$29,907
453,008
92,500
229,339
32,250
1,986
722
114,980
2,054
1,046
1,830
16
15,000
185
20
34
00
39
00
00
47
56
16
10
00
00
00
00
$974,825 22
Chemung County
51
DISBURSEM ENTS
Loaned on mortgage ..........................................................................
Loaned on shares................................................................................
Dues repaid on withdrawal, or applied on loans.........................
Dividends paid on withdrawal, or applied on loans...................
Cash dividends paid on income and accumulative' prepaid
shares .................................................................................................
Paid matured shares ..........................................................................
Paid borrowed money and prior mortgages.................................
Paid interest on borrowed money and prior mortgages............
Paid salaries and clerk-hire ............................................................
Paid advertising, printing and postage.........................................
Paid rent ...............................................................................................
Paid banking department, examinations.......................................
Paid banking department, assessment...........................................
Advances for taxes, insurance, etc.................................................
Juvenile banks returned ..................................................................
Appraisals .............................................................................................
Furniture, fixtures and supplies......................................................
Sundries .................................................................................................
Cash on hand December 31, 1920......................................................
$384,645
36,900
253,428
19,637
00
00
91
48
18,769 52
103,000 00
92,500 00
2,31621
5,706 00
693 17
800 00
305 07
65 76
835 68
10 00
499 00
770 25
377 23
53,565 94
$974,825 22
Plan, serial. Par value of shares, $200. Instalments are $1 monthly
Shares in force January 1, 1920, 21,053; shares issued during the year,
5,358; shares withdrawn during the year, 2,616; shares in force, 23,795.
Borrowing members, 1,516, holding 12,688 shares; non-borrowing members,
1,087, holding 11,107 shares. Female shareholders, 1,372, holding 9,813
shares. Total dividends credited members during the year on instalment
shares, $79,498.11; rate, 5.4 per cent. Total dividends credited or paid in
cash to members during the year on other shares, $22,111.83; rate, 4 per
cent. Amount o f filed and unpaid withdrawals December 31, 1920, $79,800.
Amount of shares matured during the year, $182,800. Entrance fee, 25
cents per share. Operating expenses, as defined in section 390 of the Banking
Law, incurred and paid during the year, $8,075.40.
Premium plan, gross. Interest paid by borrowing members, 5.1 and 6 per
cent. No premium charged.
Loans have been made in Chemung county, New York State. Largest mort
gage loan outstanding, $25,000. Mortgages in force in New York State,
$2,015,008.17. No foreclosures during the year.
ELMIRA CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION
Nos. 201-202 Robinson Bldg., Lake street, Elmira, N. Y.
[Organized under Law o f 1887.
Officers
President......................
S ecretary....................
T reasu rer....................
A ttorn ey .......................
Commenced business 1888]
Names
Post-office addresses
H EN RY L. ROSEN BAU M ..................................... Elm ira, N. Y.
GEORGE H. S P R IN G .............................................
Elm ira, N. Y.
GEORGE H. S P R IN G .............................................
Elmira, N. Y
H E R SC H E L L . G A R D N E R ................................... Elm ira, N. Y.
A SSE TS
Loans on bond and mortgage............................................................
Loans on shares ..................................................................................
Stocks and bonds ................................................................................
Cash on hand and in bank................................................................
Furniture and fixtures........................................................................
$601,480
94,500
133
8,731
1,045
00
00
00
53
83
52
R eport on Sayings and L oan A ssociations
Instalments due and unpaid..............................................................
Interest, premium, fees and fines due and unpaid.......................
$2,075 00
800 01
$708,765 37
LIABILITIES
Due shareholders, d u e s .......................................................................
Due shareholders, dividends credited..............................................
Borrowed money .................................................................. •.............
Undivided profits .................................................................................
Guaranty fund .....................................................................................
Contingent fund ...................................................................................
Dues paid in advance...........................................................................
$554,517
80,403
59,500
819
13,050
327
147
76
75
00
12
50
24
00
$708,765 37
R E C E IP T S
Cash on hand January 1, 1920............................... : ........................
Dues credited to members.....................................................
Money borrowed ...................................................................................
Mortgages redeemed, foreclosed or transferred to real esta te..
Loans on shares repaid......................................................................
Fees re ce iv e d .........................................................................................
Fines received .....................................................................................
Interest re ce iv e d ...................................................................................
Dividends retained on withdrawals...............................................
Liberty loan bonds...............................................................................
Juvenile banks .....................................................................................
$7,134
173,817
8,000
104,170
19,830
1,116
260
36,499
152
13,500
4
87
25
00
00,
00*
85
41
39
65
00
00
$364,485 42
DISBURSEMENTS
Loaned on mortgage.............................................................................
Loaned on s h a r e s ....................
Dues repaid on withdrawal, or applied on loans.........................
Dividends paid on withdrawal, or applied on loans...................
Cash dividends paid on income and accumulative prepaid
shares .................................................................................................
Paid matured shares .. • ...................................................... ............
Paid borrowed money and prior m ortgages.................................
Paid interest on borrowed money and prior mortgages.............
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage......................
Paid rent and lights...........................................................................
Paid hanking department, examination..........................................
Paid banking department, assessment...................... ....................
Officers’ b o n d s .......................................
Auditors ......................
State League dues ...............................................................................
Directory ...............................................................................................
Telephone ..............................
Repairs, to adding machine..................................................................
Liberty loan bonds...................................................................
American Building and Loan News..................................................
Appraisals .............................................................................................
Furniture and fixtures......................
Business Men’ s Association................................................................
Sundries .......................................................................................
Adjustment o f differences..................................................................
Cash on hand December 31, 1920....................................................
$181,300
56,855
51,507
682
00
00
93
53
4,423
38,800
13,500
3,199
3,130
730
456
124
20
50
6
9
12
75
10
133
10
240
127
3
120
225
8,731
63
00
00
99
50
66
23
07
09
25
00
00
00
66
40
00
50
00
50
00
43
52
53
$364,485 42
53
Chemung County
Plan, serial. Par value of shares, $200. Instalments are $1 monthly.
Shares in force January 1, 1920, 8,816; shares issued during the year, 3,878;
shares withdrawn during the year, 1,135; shares in force, 11,559. Borrowing
members, 290, holding 7,235 shares; non-borrowing members, 427, holding
4,324 shares. Total dividends credited members during the year on instal
ment shares, $25,110.34; rate, 5% per cent. Total dividends credited or paid
in cash to members during the year on other shares, $4,826.72; rate, 4 per
cent.
No unpaid withdrawals. Amount of shares matured during the year,
$38,800. Entrance fee, 25 cents per share. Operating expenses, as defined in
section 390 of the Banking Law, incurred and paid during the year, $4,854.63.
No premium plan. Interest paid by borrowing members, 6 per cent on new
loans, 5% on old loans. No premium charged.
Loans have been made in Chemung county, New York State. Largest mort
gage loan outstanding, $9,000. Mortgages in force in New York State,
$601,480. No foreclosures during the year.
HORSEHEADS SAVINGS AND LOAN ASSOCIATION
No. 45 Franklin St., Horseheads, N. Y .
[Organized under law of 1914. Commenced business 1920]
Officers
P re sid e n t..
S ecretary..
Treasurer
A ttorn ey ...
Names
C. H. K IN L E Y ..........
ROY D. M A R T IN ....
JOHN A. P E R K IN S
F . S. B E N T L E Y ........
Post-office addresses
. Horseheads, N. Y.
Horseheads, N. Y.
Horseheads, N. Y.
Horseheads, N. Y.
ASSE TS
Loans on bond and mortgage ........................................................
Loans on shares .................................................................................
Cash on hand and in bank ............................................................
Furniture and fixtures ....................................................................
Instalments due and unpaid..............................................................
Interest, premiums, fees and fines due and unpaid.......... ..
Prepaid interest on bank loan ......................................................
$15, 900
35
57
100
499
32
25
00
OO
76
OO
05
86
00
$16,649 67
L IA B IL IT IE S
Due shareholders, d u e s ........................... ...........................................
Due shareholders, dividendscredited............................................
Balance to be paid borrowers onmortgage loans........................
Borrowed m o n e y ..................................................................................
Undivided profits
....................................................................
Guaranty f u n d .....................................................................................
Interest p r e p a id ..................................................................................
$13, 325
329
875
2, 000
87
25
7
80
22
00
00
15
00
50
$16,649 67
RECEIPTS
Dues credited to members ..............................................................
$13,
Money borrowed .................................................................................
4,
Fees r e ce iv e d ........................................................................................
Fines r e ce iv e d .......................................................................................
Interest r e ce iv e d ...........................................................................................
746
000
299
23
75
00
75
06
33559
$18,405 15
54
R eport on Savings and L oan A ssociations
D ISB U R SEM E N TS
Loaned on mortgage .........................................................................
Loaned on s h a r e s .................................................................................
Dues repaid on withdrawal, or applied on loans.....................
Paid borrowed money and prior mortgages..............................
Paid interest on borrowed money and prior mortgages...........
Paid advertising, printing and postage......................................
Furniture and fixtures ...................... .............................................
Cash on hand December 31, 1920....................................................
$15, 025
35
920
2,000
75
191'
100
57
00
00
00
00
95
44
00
76
$18,405 15
Plan, serial. Par value of shares, $200. Instalments are $1 monthly.
Shares in force January 1, 1920, none; shares issued during the year,
1,210; shares withdrawn during the year, 126; shares in force, 1,084. Borrow
ing members, 10, holding 101 shares; non-borrowing members, 112, holding
983 shares. Female shareholders, 16, holding 68 shares. Total dividends
credited members during the year on instalment shares, $297.22; rate, 5.6
per cent. Total dividends credited or paid in cash to members during the
year on other shares, $32*; rate, 4 per cent.
N o unpaid withdrawals. Entrance fee, 25 cents per share. Operating
expenses, as defined in section 390 of the Banking Law, incurred and paid
during the year, $191.44.
No premium plan. Interest paid by borrowing members, 6 per cent. No
premium charged.
Loans have been made in Chemung county, New York State. Largest
mortgage loan outstanding, $4,000. Mortgages in force in New York State,
$15,025. No foreclosures during the year.
CHENANGO COUNTY
THE CHENANGO CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION
OF NORWICH, N . Y .
No. 11 South Broad street, Norwich, 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. H YDE.....................
Norwich, N. Y.
ASSETS
Loans on bond and mortgage .......................
Loans on shares ................................................
Stock and bonds ..............................................
Shares o f Land Bank o f State o f New York
Contracts for the sale of real estate............
Real e s t a t e ...........................................................
Cash on hand and in bank.............................
Furniture and fixtures ...................................
$273, 040 96
9,529 00
27,000 00
1,000 00
6, 806
10, 713
9,281
1, 159
00
00
27
84
$338,530 07
L IA B IL IT IE S
Due shareholders, due .......................................................................
Due shareholders, dividends credited ............................................
Balance to be paid borrowers on mortgage loans.....................
$240,486 31
46, 481 68
103 50
Chenango County
Borrowed money ..................................................................................
Undivided profits ................................................................................
Guaranty fund .................................................................................. .
55
$30,000 00
10, 058 58
11,400 00
$338, 530 07
RECEIPTS
Cash on hand January 1, 1920......................................................
Dues credited to members ..............................................................
Money borrowed ...................................................................................
Mortgages redeemed, foreclosed or transferred to real estate. .
Loans on shares repaid ..................................................................
Fees r e ce iv e d .........................................................................................
Fines r e ce iv e d ......................................................................................
Interest re ce iv e d ...................................................................................
Rent received .......................................................................................
Dividends retained on withdrawals ..............................................
Advances repaid ................................................................................
Land c o n tr a c ts .....................................................................................
Pass hooks ...........................................................................................
$5, 313
83,161
14, 200
51,028
5, 660
51
17
18, 763
843
518
50
1,248
24
22
93
00
04
00
00
21
80
50
17
57
75
00
$180, 880 19
DISBURSEMENTS
Loaned on mortgage ........................................................................
Loaned on shares ..............................................................................
Dues repaid on withdrawal, or applied on lo a n s .........................
Dividends paid on withdrawal, or applied on loans.................
Cash dividends paid on income and accumulative prepaid
sh a res..............................................................................................
Paid matured shares ......................................................................
Paid borrowed money and prior mortgages ...............................
Paid interest on borrowed money and prior mortgages..........
Paid for real estate .......... .............................................................
Paid salaries and clerk-hire ............................................................
Paid advertising, printing and postage.......................................
Paid repairs to real estate ..............................................................
Paid taxes, insurance, etc................................................................
Paid banking department, examination.......................................
Paid banking department, assessment .........................................
Advances for taxes, insurance, etc..................................................
Real estate contracts ......................................................................
Interest on advanced dues ........ •....................................................
Cash on hand December 31, 1920.................................................
$58,995
10, 725
51, 620
2,974i
00
00
75
65
1, 440
27,200
12, 700
1,494
1,519
1, 380
432
188
678i
50
11
50
54
85
9,281
27
00
00
20
00
00
01
03
34
15
12
57
75
08
27
$180, 880 19
Plan, serial. Par value of shares, $200. Instalments are $1 monthly.
Shares in force January 1, 1920, 2,365; shares issued during the year,
787; shares withdrawn during the year, 433; shares in force, 2,719. Borrow
ing members, 180, holding 1,342 shares; non-borrowing members, 163, hold
ing 1,377 shares.
Female shareholders, 86, holding 548 shares.
Total
dividends credited members during the year on instalment shares, $8,708.60;
rate, 5% per cent. Total dividends credited or paid in cash to members
during the year on other shares, $4,170.88; rate, 4 per cent.
No unpaid withdrawals. Amount o f shares matured during the year,
$27,200. Entrance fee, 50 cents. Operating expenses as defined in section
390 of the Banking Law, incurred and paid during the year, $1,823.13.
No premium plan. Interest paid by borrowing members, 6 per cent. No
premium charged.
Loans have been made in Chemung county, New York State. Largest
mortgage loan outstanding, $4,000. Mortgages in force in New York State,
$273,040.96. Two foreclosures during the year.
56
B epobt on Savings and L oan A ssociations
COLUMBIA COUNTY
HUDSON SAVINGS AND LOAN ASSOCIATION
No. 346 Warren street, Hudson, N. Y.
[Organized under Law of 1910.
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................
Commenced business 1911]
Names
Post-office addresses
DELBERT DINBHART..................................... Hudson, N. X.
1 . C. VAN LOAN...............................................
Hudson, N. Y.
E. C. VAN LOAN...............................................
Hudson, N. Y.
H. E. FR IT TS...................................................... Hudson, N. Y.
ASSETS
Loans on bond and mortgage ........................................................
Loans on shares .................................................... ,............................
Stocks and bonds ...............................................................................
Cash on hand and in bank ..............................................................
Furniture and fixtures .....................................................................
$85, 054
1,110
17, 512,
4,499
15
50
00
26
76
00
$108,191 52
LIABILITIES
Due shareholders, dues ....................................................................
Due shareholders, dividends credited ............................................
Undivided p r o fits ..................................................................................
Guaranty fund .....................................................................................
$86,980
16,714
2,977
1,519
00
70
55
27
$108,191 52
RECEIPTS
Cash on hand January 1, 1920........................................................
Dues credited to members ..............................................................
Money borrowed .................................................................................
Mortgages redeemed, foreclosed or transferred to real estate.
Loans on shares repaid ..................................................................
Fees rece iv e d .........................................................................................
Fines r e c e iv e d ......................................................................................
Interest received .................................................................................
Dividends retained on withdrawals ..............................................
$2,134
17,647
3,550
5,499
85
83
137
5, 974
136
85
00
00
00
00
25
07
36
24
$35,246 77
DISBURSEMENTS
Loaned on mortgage ............
$9,400
Loaned on shares ...............................................................................
915
Dues repaid on withdrawal, or applied on lo a n s ......................
4,195
Dividends paid on withdrawal, or applied on loans...................
666
Cash dividends paid on income and accumulative prepaid
shares ..................................................................................................
108
Paid borrowed money and prior mortgages
...........................
3i,550
Paid interest on borrowed money and prior mortgages.............
10
Paid salaries and clerk-hire............................... ,............................
500
Paid advertising, printing and postage.....................................
356
Paid banking department, examination ..................
21
Paid banking department, assessment............................................................... 3
Officers’ bonds .....................................................................................
12
State League dues .............................................................................
5
Liberty b o n d s ................................................................... ....................
10, 767
Chamber of Commerce dues ............................................................
25
Secretary’s expenses to State convention...................................
19
00
00
00
85
00
00
69
00
61
22
87
00
00
06
00
00
Columbia County
57
Commissions on purchase of bonds................................................
Interest on bonds .............................................................................
Inspectors of election ........................................................................
A u d it o r s .................................................................................................
Revenue stamps .................................................................................
Cash on band December 31, 1920.......................................
$7
161
2
20
1
4,499
60
11
00
06
00
76
$35,246 77
Plan, serial. Par value of shares, $200. Instalments are $1 monthly.
Shares in force January 1, 1920, 1,207; shares issued during the year,
332; shares withdrawn during the year, 66; shares in force, 1,473. Borrow
ing members, 61, holding 520 shares; non-borrowing members, 188, holding
953 shares. Female shareholders, 48, holding 229 shares. Total dividends
credited members during the year on instalment shares, $4,506.01; rate,
5 per cent. Total dividends credited or paid in cash to members during the
year on other shares, $121.85; rate, 5 per cent.
No unpaid withdrawals. Entrance fee, 25 cents per share. Operating
expenses, as defined in section 390 o f the Banking Law, incurred and paid
during the year, $917.21.
No premium plan. Interest paid by borrowing members, 6 per cent. No
premium charged.
Loans have been made in Columbia county, New York State. Largest
mortgage loan outstanding, $3,600. Mortgages in force in New York State,
$86,054.50. No foreclosures during the year.
STU YV E SA N T FALLS BUILDING AND LOAN ASSOCIATION
Stuyvesant Falls, N. Y.
[Organized under Law o f 1851.
Officers
President......................
Spcretary......................
T r e a s u r e r ..................
A ttorn ey .......................
Commenced business 1881]
Names
Post-office addresses
.TAMES R. H U G H E S .......................
LE ROY D RU M M ...........................
D O R R A L L E N ..................................
CH ARLES M. B R A Y ........................
Stuyvesant Falls, N. Y.
Stuyvesant F alls, N. Y.
Stuyvesant Falls. N. Y.
Kinderhook, N. Y
ASSE TS
Loans on bond and m o rtg a g e ............................................................
Loans on shares ...................................................................................
Cash on hand and in bank ..............................................................
$20, 400 00
1,140 00
1 54
$21,541 54
L IA B IL IT IE S
Due shareholders, dues ....................................................................
Due shareholders, dividends credited ...........................................
Borrowed m o n e y .......... ........................................................................
Undivided profits .................................................................................
Guaranty fund .....................................................................................
$16, 373 00
3, 762 48
665 00
200 85
540 21
$21,541 54
RECEIPTS
Cash on hand January 1, 1920 ....................................... ................
Dues credited to members ................................................................
Money borrowed ..................................................................................
Mortgages redeemed, foreclosed or transferred to real e sta te ..
Loans on shares repaid ....................................................................
Fees r e ce iv e d .........................................................................................
$901
3, 452
3, 045
1 , 650
575
5
41
50
00
00
00
00
58
R eport on Savings and L oan A ssociations
Fines received .......................................................................................
Interest received .................................................................................
Dividends retained on withdrawals ................................... ............
$9 67
1, 142 57
1 29
$10,782 44
DISBURSEMENTS
Loaned on mortgage .............................................................................
Loaned on s h a r e s .................................................................................
Dues repaid on withdrawal, or applied on loans .........................
Dividends paid on withdrawal, or applied on lo a n s .................
Paid matured s h a r e s ..........................................................................
Paid borrowed money and prior m o r tg a g e s.................................
Paid interest on borrowed money and prior m ortg a g es...........
Paid salaries and clerk-hire ............................................................
Paid advertising, printing and postage ........................
Paid banking department, assessment .........................................
Cash on hand December 31, 1920 ....................................................
$6,200
1, 000
581
86
442
2, 380
31
50
8
1
1
00
00
00
64
43
00
19
00
10
54
54
$10, 782 44
Plan, serial. Par value of shares, $200. Instalments are $1 monthly.
Shares in force January 1, 1920, 267; shares issued during the year 39;
shares withdrawn during the year, 20; shares in force, 286. Borrowing mem
bers, 22, holding 183 shares; non-borrowing members, 29, holding 153 shares.
Female shareholders, 17, holding 63 shares. Total dividends credited mem
bers during the year on instalment shares, $982.38; rate 6 per cent.
No unpaid withdrawals. Amount of shares matured during the year,
$442.43. Membership fee, $1. Operating expenses, as defined in section 390
of the Banking Law, incurred and paid during the year, $59.64.
No premium plan. Interest paid by borrowing members, 6 per cent. No
premium charged.
Loans have been made in Columbia and Rensselaer counties, New York
State. Largest mortgage loan outstanding, $2,000. Mortgages in force in
New York State, $20,400. No foreclosures during the year.
CORTLAND COUNTY
THE CENTURY CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION
East Main street, Marathon, N. Y.
[Organized under Law o f 1894.
Officers
President.. .
Secretary...
Treasurer..,
Commenced business 1895]
Names
Post-office addresses
ERED H. SW IFT........................................... Marathon, N. Y.
A. C. BAKER................................................. Marathon, N. Y.
E. L. COURTNEY........................................... Marathon, N. Y.
ASSETS
Loans on bond and m o rtg a g e ............................................................
Loans on shares ...................................................................................
Stocks and bonds .......... ....................... .............................................
Cash on hand and in bank ..............................................................
Advances for insurance ........ ...........................................................
$27, 300
2, 425
850
870
2
00
00
00
18
50
$31,447 68
Cortland County
59
LIABILITIES
Due shareholders, dues ................................................................
Due shareholders, dividends c re d ite d .............................................
Borrowed money .................................................................................
Undivided profits ...............................................................................
Guaranty fund ...................................................................................
$25, 857 43
4, 071 71
400 00
360 08
758 46
$31,447 68
RECEIPTS
Cash on hand January 1, 1920 ........................................................
Dues credited to members ................................................................
Money borrowed .................................................................................
Mortgages redeemed, foreclosed or transferred to real esta te..
Loans on shares r e p a id .........................................................
Fees received .........................................................................................
Fines received ......................................................................................
Interest received .................................................................................
Dividends retained on w ith d ra w a ls........ .......................................
Attorney’s fees .....................................................................................
$358 98
6, 116 02
650 00
3,150 00
1,550 00
16 75
13 40
1, 727 73
2 10
20 69
$13,605 67
DISBURSEM ENTS
Loaned on mortgage ..........................................................................
Loaned on shares ..............................................................................
Dues repaid on withdrawal, or applied on lo a n s .........................
Dividends paid on withdrawal, or applied on lo a n s ...................
Paid matured shares ........................................................................
Paid borrowed money and prior mortgages .................................
Paid interest on borrowed money and prior mortgages ..........
Paid salaries and clerk-hire ............................................................
Paid advertising, printing and postage .......................................
Paid banking department, examination .......................................
Paid banking department, assessm ent...........................................
Advances for insurance ....................................................................
Mortgage t a x .........................................................................................
Attorney’s fees ..............................
Safe deposit box .................................................................................
Books ..............................................; .....................................................
Sundries .................................................................................................
Cash on hand December 31, 1920 ....................................................
$2, 200
1,400
1, 846
293
3, 627
3, 000
137
150
1
21
2
2
9
8
6
23
6
870
00
00
28
17
35
00
73
00
52
00
00
50
50
90
00
09
45
18
$13,605 67
Plan, permanent. Par value of shares, $100. Instalments are 50 cents
and $1 monthly.
Shares in force January 1, 1920, 721; shares issued during the year, 52;
shares withdrawn during the year, 87; shares in force, 686. Borrowing
members, 32, holding 349 shares; non-borrowing members, 44, holding 337
shares.
Female shareholders, 25, holding 126 shares.
Total dividends
credited members during the year on instalment shares, $1,375.62; rate
6% per cent.
No unpaid withdrawals. Amount of shares matured during the year,
$3,627.35. Entrance fee, 25 cents per share. Operating expenses, as defined
in. section 390 of the Banking Law, incurred and paid during the year,
$177.06.
No premium plan. Interest paid by borrowing members, 6 per cent. No
premium charged.
Loans have been made in Cortland county, New York State. Largest
mortgage loan outstanding, $2,700. Mortgages in force in New York State,
$27,300. No foreclosures during the year.
60
R eport on Savings and L oan A ssociations
DIME SAVINGS AND LOAN ASSOCIATION
No. 1 North Main street, Cortland, N. Y.
[ Organized under Law o f 1910.
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................
Commenced business 1911]
Names
Post-office addresses
FREDERICK B. NOURSE.............................. Cortland, N. Y.
W. A. STOCKWELL....................................... Cortland, N. T.
FRANK J. PECK..............................................
Cortland, N. T.
A. J. BUCK......................................................... Cortland, N. Y.
ASSETS
Loans on bond and mortgages..........................................................
Loans on shares.....................................................................................
Stocks and bonds...................................................................................
Shares of Land Bank o f State of New Y ork ................................
Cash on hand and1 in bank................................................................
Furniture and fixtures.........................................................................
Interest, premium, fees and fines due and unpaid.........................
Instalm ents due and unpaid..........................................
$118,000
1,400
849
1,000
3,966
247
227
00
00
00
00
55
50
17
$8,391 50
$125,690 22
LIABILITIES
Due shareholders, dues........................................................................
Due shareholders, dividends credited ............................................
Borrowed money .................................................................................
Advances by Land Bank..............................................................
Undivided p r o fit s .................................................................................
Guaranty fund .............................................................. '.....................
$91,500
15, 696
8,000
6,000
3,203
1,290
30
66
00
00
24
02
$125,690 22
RECEIPTS
Cash on hand January 1, 1920..........................................................
Dues credited to members............................... .................................
Money borrowed ......................................... i .....................................
Mortgages redeemed, foreclosed or transferred to real esta te..
Loans on shares repaid......................................................................
Fees re ce iv e d .........................................................................................
Interest r e ce iv e d ...................................................................................
Premium received ................................................................................
Dividends retained on withdrawals..................................................
$1,852
28,429
6, 000
18,350
600
175
6,117
1,810
122
73
10
00
00
00
70
45
47
53
$63,457 98
DISBURSEMENTS
Loaned on m ortgage.............................................................................
Dues repaid on withdrawal, or applied on lo a n s ........................
Dividends paid' on withdrawal, or applied on loans.....................
Cash dividendis paid on income and accumulative prepaid
shares .................................................................................................
Paid borrowed money andi prior mortgages...................................
Paid interest on borrowed money and prior mortgages................
Paid salaries and clerk-h ire.............................................................
Paid advertising, printing and postage.......................................
Paid rent ..........................................................................................
Paid banking department, examination............ ..........................
Paid banking department, assessment............................................
Officers’ b o n d s .......................................................................................
$31,150 00
8,493 00
1,173 96
387 14
16,000 00
1,236 36
559 92
236'69
180 00
48 20
4 53
12 00
61
D elaware County
$5 00
4 63
3,966 55
State League d u e s ................................................................................
Land bank ex p en ses............................................................................
Cash on hand December 31, 1920....................................................
$63,457 98
Plan, permanent. Par value of shares, $100. Instalments are 10 cents
weekly.
Shares in force January 1, 1920, 3,145; shares issued during the year,
1,757; shares withdrawn during the year, 386; shares in force, 4,516. Bor
rowing members 85, holding 1,271 shares; non-borrowing members, 202, hold
ing 3,245 shares. Female shareholders, 121, holding 1,404 shares. Total
dividends credited members1 during the year on instalment shares, $4,445.08;
rate 6 per cent. Total dividends credited' or paid in cash to members during
the year on other shares, $387.14; rate 4% and 5 per cent.
No unpaid withdrawals.. Entrance fee, 10 cents per share. Operating
expenses, as defined in section 390 of the Banking Law, incurred and paid
during the year, $998.24.
Premium plan, premium interest. Interest paid by borrowing members,
10 cents per week per $100. Premium paid by 'borrowing members, 3 cents
per share per week.
Loans have been made in Cortland county, New York State. Largest
mortgage loan outstanding, $5,000. Mortgages in force in New York State,
$118,000. No foreclosures during the year.
DELAW ARE COUNTY
TH E W ALTON CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION
No. 136 Delaware street, Walton, N. Y.
[Organized under Law of 1894.
Commenced business 1907]
Officers
Names
Post-office addresses
President.......................
HENRY
W. RETZ................................. Walton,
N.Y.
Secretary....................
BLANCHE L. YENDES....................................
Walton,
N.Y.
Treasurer......................
ROBERT
B. ST. JOHN .......................
Walton,
N.Y.
Attorney.....................
A. G. PATTERSON............................................. Walton.
N.Y.
ASSETS
Loans on bond and mortgage............................. ...............................
Loans on shares ...................................................................................
Shares o f Land Bank of State o f New Y ork ...............................
Cash on hand and in b a n k ................................................................
$65,850
2, 740
1,000
227
00
00
00
61
$69,817 61
LIABILITIES
Due shareholders, dues........................................................................
Due shareholders, dividends credited................................................
Borrowed money .................................................................................
Undivided p r o f it s .............................................
Guaranty fund .....................................................................................
$49,010
4,279
13,750
2 ,1 1 2
665
00
67
00
94
00
$69,817 61
62
R eport on Savings and L oan A ssociations
r e c e ip t s
Cash on hand January 1, 1920........................................................
Dues credited to members................................................................
Money borrowed .................................................................................
Mortgages redeemed, foreclosed1or transferred to real estate. .
Loans on shares repaid....................................................................
Fees received .........................................................................................
Fines rece iv e d .......................................................................................
Interest r eceiv ed ..................................................................................
Dividends retained on withdrawals................................................
Advances repaid .................................................................................
$1,037
17,954
8,385
8,000
558
97
24
3,877
07
124
50
00
00
00
00
75
08
87
58
14
$40,155 92
DISBURSEMENTS
Loaned on mortgage............................................................................
Loaned on shares...................................................................................
Dues repaid on withdrawal, or applied on loans...........................
Dividend® paid on withdrawal, or applied on loans...................
Cash dividends paid on income and accumulative prepaid
shares .................................................................................................
Paid matured shares . ........................................................................
Paid 'borrowed money and prior mortgages...................................
Paid interest on borrowed money and prior mortgages...............
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage............................................
Paid banking department, examinations.......................................
Paid banking department, assessment............................................
Officers’ b o n d s .......................................................................................
Advances for taxes, insurance, e tc ..................................................
State League dues.................................................................................
Pas® b o o k s .............................................................................................
Cash on hand December 31, 1920......................................................
$19,900
1,990
4,574
880
00
00
00
24
206
2,403
8,610
827
208
46
57
2
16
128
3
75
227
32
20
00
84
00
15
62
80
00
14
00
00
61
$40,155 92
Plan, permanent. Par value of shares, $200. Instalments are 50 cents
and $1 monthly.
Shares in force January 1, 1920, 1,177; shares issued during the year, 408;
shares withdrawn during the year, 122; shares in force, 1,463. Borrowing
members, 69, holding 498 shares; non-borrowing members, 170, holding 965
shares. Female shareholders, 100, holding 489 shares. Total dividends
credited members during the year on instalment shares, $1,815.24; rate 5%
per cent. Total dividends credited or paid in cash to members during the year
on other shares, $206.32; rate 4 per cent.
No unpaid withdrawals. Amount of shares matured during the year,
$2,403.20. Entrance fees, 25 cents per share. Operating expenses, as defined
in Section 390 o f the Banking Law, incurred and paid during the year,
$350.95.
No premium plan. Interest paid by borrowing members, 6 per cent. No
premium charged.
Loans have been made in Delaware County, New York State. Largest
mortgage loan outstanding, 5,600. Mortgages in force in New York State,
$65,850. N o foreclosures during the year.
D u tch ess
63
C ounty
DUTCHESS COUNTY
TH E HOME CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION
No. 20 Cannon street, Poughkeepsie, N. Y.
[Organized under Law of 1887.
Officers
President.. .
Secretary.. .
Treasurer...
A ttorn ey.. .
Commenced business 1888.
Laws o f 1884]
Names
GEORGE W. KRIEGER........................
CLARENCE DE LAMATER...............
GUILFORD DUDLEY............................
JOHN J. MYLOD.....................................
Reorganized under
Post-office addresses
Poughkeepsie, N. Y.
Poughkeepsie, N. Y.
Poughkeepsie, N. Y.
Poughkeepsie, N. Y.
ASSETS
Loans on bond and mortgage .......................
Loans on shares ........................... ..................
Stock and bonds .............................................
Real estate ........................................................
Cash on hand and in bank .........................
Furniture and fixtures .................................
Instalments due and u n p a id .........................
$010,575
44,150
19,134
14, 304
17,87©
158
1,454
00
00
00
71
29
76
00
$1,007,652 76
LIABILITIES
Due shareholders, dues ....................................................................
Due shareholders, dividendscredited ............................................
Due shareholders, matured shares ................................................
Balance to be paid borrowers on mortgage loans.......................
Borrowed m o n e y ..................................................................................
Undivided profits ...............................................................................
Guaranty fund ...................................................................................
Interest paid in advance ................................................................
Dues paid in advance ......................................................................
Suspense account .................................................................................
$721,212
149,099
56, 751
2,950
30,000
19,917
24,017
158
3,121
425
00
26
39
00
00
28
49
25
36
73
$1,007,652 76
RECEIPTS
Cash on hand January 1, 1920......................................................
Dues credited to members .......... .....................................................
Money b o r r o w e d ...................................................................................
Mortgages redeemed, foreclosed or transferred to real estate.
Loans on shares repaid ....................................................................
Beal estate sold .................................................................................
Fees received .......................................................................................
Fines r e c e iv e d ......................................................................................
Interest received .................................................................................
Rent re ce iv e d ........................................................................................
Dividends retained on withdrawals ..............................................
Suspense a c c o u n t.................................................................................
Profit on sale o f real estate............................................................
Sale of safe .........................................................................................
$4,885 37
191,331 25
62, OOO 00
114,650 00
16, 300 00
2, 965 62
1,277 25
580 26
56, 391; 77
280 00
474 33
425 73
1,051 94
13 00
$452, 626 52
DISBURSEMENTS
Loaned on mortgage .........................................................................
Loaned on shares .................................
Dues repaid on withdrawal, or applied on loans.......................
Dividends paid on withdrawal, or applied onloans...................
$219,000
27,250
55, 502
10,363
00
00
00
96
64
R eport on Savings and L oan A ssociations
Cash dividends paid on income and accumulative prepaid
sh a res...................................................................................................
Paid matured shares ................................................................... ..
Paid borrowed money and prior mortgages ...............................
Paid interest on borrowed money and prior mortgages..........
Paid for real e s t a t e ............................................................................
Paid salaries and clerk-hire............................................................
Paid advertising, printing and postage.......................................
Paid rent ...............................................................................................
Paid repairs to real e s t a t e ................................................................
Paid taxes, insurance, e tc ................................................................
Paid banking department ................................................................
State League dues .............................................................................
T eleph on e......................... 1....................................................................
C o a l ............................. : ..........................................................................
S ta tio n e r y ..............................................................................................
Legal expenses .....................................................................................
B o o k s ......................................................................................................
Delegates expenses to League convention.....................................
Gas ...........................................................................................................
Insurance prem iu m s............................................................................
Sundries .................................................................................................
Cash on hand December 31, 1920 ....................................................
$1,402 48
73, 630 80
32,000 00
1,978 46
6, 000 00
3, 220 00
504 57
120 00
2, 921 91
55 85
67 03
1300
74 70
86 35
48 48
85 60
134 28
66 33
42 57
88 50
93 36
17, 876 29
$452,626 52
Plan, serial. Par value of shares, $2,00. Instalments are $1 monthly.
Shares in force January 1, 1920. 11,296; shares issued during the year,
5,040; shares withdrawn during the year, 1,404; shares in force, 14,932.
Borrowing members, 516, holding 4,742 shares, non-borrowing members, 1,142,
holding 10,190 shares. Female shareholders, 665, holding 9,790 shares.
Total dividends credited members during the year on instalment shares,
$44,497.38; rate, 5*& per cent. Total dividends credited or paid in cash to
members during the year on other shares, $1,540.75; rate, 4% per cent.
No unpaid withdrawals. Amount of shares matured during the year,
$73,630.80. Entrance fee, 25 cents per share. Operating expenses, as defined
in section 390 o f the Banking Law, incurred and paid during the year,
$4,488.64.
Premium plan, gross. Interest paid by borrowing members, 6 per cent.
No premium charged.
Loans have been made in Dutchess, Putnam and Ulster counties, New York
State. Largest mortgage loan outstanding, $16,000. Mortgages in force in
New York State, $910,575. No foreclosures during the year.
ERIE COUNTY
A E T N A PERM ANENT SAVINGS AND LOAN ASSOCIATION
No. 77 Seventeenth street, Buffalo, N. Y.
[Organized under Law of 1851.
Officers
P resid en t..................
Secretary....................
Treasurer...................
Attorney......................
Commenced business 1889]
Names
CHARLES H. S C H W E N K ..................
WILLIAM E. SHIFPBRENS...........
CONRAD KAISER..............................
GEORGE B. BTJRD..............................
Post-office addresses
51 Fifteenth Street.
14 Seventeenth Street.
272 Prospect Avenue.
26 Erie Co. Bk. Bldg.
ASSETS
Loans on bond and m ortgage..........................................................
Loans on shares ...................................................................................
$119,640 00
1,200 00
65
E rie C ounty
Stocks and bonds ................................................................................
Real e s t a t e ............................. ............................................................
Gash on hand and in bank................................................................
Furniture and fixtures ....................................................................
$2,900
721
5,693
220
00
47
06
00
$130, 374 53
LIABILITIES
Due shareholders, dues ......................................................................
Due shareholders, dividends credited ...........................................
Undivided profits ..............................................................................
Guaranty fund .....................................................................................
Unearned or rebatable premium ...................................................
$101,383
14,885
1,968
5, 400
6,738
10
20
23
00
00
$130, 374 53
RECEIPTS
Cash on hand January 1, 1920........................................................
Dues credited to members ..............................................................
Money borrowed ..................................................................................
Mortgages redeemed, foreclosed or transferred to real estate.
Loans on shares repaid ..................................................................
Fees received .......................................................................................
Fines r e ce iv e d .......................................................................................
Interest received ................................................................................
Premium received ..............................................................................
Dividends retained on withdrawals .............................................
Liberty bonds .......................................................................................
$3,621
44, 692
1, 300
6,220
1, 800
239
7
7,372
2, 020'
359
450
41
75
00
00
00
00
03
73
00
81
00
$68,082 73
DISBURSEMENTS
Loaned on mortgage ..........................................................................
Loaned on shares .................................................................................
Dues repaid on withdrawal, or applied onloans.......................
Dividends paid on withdraAval, or applied on lo a n s ....................
Paid matured shares ........................................................................
Paid borrowed money and prior mortgages...................................
Paid interest on borrowed money and prior mortgages.............
Paid salaries and clerk-hire..........................................................
Paid advertising, printing and postage.........................................
Paid taxes, insurance, e t c . ..............................................................
....................................
Paid banking department, examination
Paid banking department, assessment.........................................
Officers’ bonds . ...................................................................................
Premium repaid ................................................................................
Burglary insurance premium ..........................................................
Cash on hand December 31, 1920'..................................................
$21,320
960
18,732
1,437
17, 309
1, 300
6
1,013
104
41
24
4
8
90
38
5, 693
00
00
00
61
60
00
70
00
00
56
25
62
00
00
43
06
$68,082 73
Plan, serial. Par value of shares, $130. Instalments are 25 cents weekly.
Shares in force January 1, 1920, 2,872; shares issued during the year, 956;
shares Avithdrawn dm ing the year, 349; shares in force, 3,479. Borrowing
members, 49, holding 869 shares; non-borrowing members, 328, holding 2,610
shares. Female shareholders, 190, holding 1,184 shares. Total dividends
credited members during the year on instalment shares, $6,761.85; rate 7
per cent.
No unpaid withdrawals. Amount of shares matured during the year,
$17,309.50. Entrance fee, 25 cents per share. Operating expenses, as defined
in section 390 of Banking Law, incurred and paid during the year, $1,168.05.
3
66
R epost on Savings and L oan A ssociations
Premium plan, gross. Interest paid by borrowing members, 15 cents per
share. Premium paid by borrowing members, $10 per share.
Loans have been made in Erie county, New York State. Largest mortgage
loan outstanding, $8,060. Mortgages in force in New York State, $119,640.
No foreclosures during the year.
AKRON SAVINGS AND LOAN ASSOCIATION, AKRON, N Y .
[Organized under Law of 1914.
Officers
President................................
Secretary................................
Treasurer................................
Attorney................................
Commenced business 1919]
Names
Post-office addresses
P. A. HELW IG.................................... Akron, N. Y.
J. P. LOPTUS..................................... Akron, N. Y.
A. P. ANDERSON.............................
Akron, N. Y.
JAMES E. PAXON............................ Akron, N. Y.
ASSETS
Loans on bond and mortgage ..........................................................
Loans on -shares ..................................................................................
Stocks and bonds.................................................................................
Cash on hand and in bank ..............................................................
$9,662
210
1,913
1, 622
25
00
30
39
$13,407 94
LIABILITIES
Due shareholders, dues ......................................................................
Undivided p r o f it s ........ ........................................................................
$12, 834 25
573 69
$13,407 94
RECEIPTS
Cash on hand January 1, 1920 ........................................................
Dues credited to members ................................................................
Fees re ce iv e d .........................................................................................
Fines r e ce iv e d .......................................................................................
Interest received .................................................................................
Premium received ................................................................................
$818
13, 984
218
9
409
25
83
00
79
14
00
71
$15,465 47
DISBURSEMENTS
Loaned on m o r tg a g e ............................................................................
Loaned on s h a r e s ............................................................................... .
Dues repaid on withdrawal, or applied on l o a n s .......................
Paid interest on borrowed money and prior mortgages.............
Paid advertising, printing and postage ..........................................
Paid banking department, examination ........................................
Paid banking department, assessment ............................................
Advances for taxes, insurance, etc...................................................
Liberty bonds .......................................................................................
Cash on hand December 31, 1920 ....................................................
$8, 710
210
2,919
20
50
10
1
8
1, 913
1, 622
00
00
50
58
43
19
08
00
30
39
$15,465 47
Plan, permanent. Par value of shares, $130. Instalments are 25 cents
weekly.
Shares in force January 1, 1920, 70S; shares issued during the year, 919;
shares withdrawn during the year, 372; shares in force, 1,255. Borrowing
members, 6, holding 79 shares; non-borrowing members, 125, holding 1,176
shares. Female shareholders, 30, holding 150 shares.
67
E rie County
No unpaid withdrawals. Entrance fee 25 cents per share. Operating
expenses, as defined in section 390 of the Banking Law, incurred and paid
during the year, $51.51.
Premium plan, instalment. Interest paid by borrowing members, 6 per
cent. Premium paid by borrowing members, 1 cent per share per week.
Loans have been made in Erie county, New York State. Largest mortgage
loan outstanding, $2,860. Mortgages in force in New York State, $9,662.25.
No foreclosures during the year.
AM HERST SAVINGS AND LOAN ASSOCIATION
No. 408 Amherst street, Buffalo, N. Y.
[Organized under Law of 1914.
Officers
President................................
Secretary................................
Treasurer................................
Attorney................................
Commenced business 1920]
Names
N. A. J. URBANSKI.................
S. J. U R B A N S K I...................
A. C. PAW LOW SKI.................
LEON J. NOWAK.....................
Post-office addresses
472 Amherst Street.
271 Peckham Street.
436 Amherst Street.
1067 Broadway.
ASSETS
Loans on bond and mortgage ..........................................................
Cash on hand and in b a n k ................................................................
Furniture and fixtures ......................................................................
Stationery and supplies ....................................................................
$18,190
5, 855
502
110
00
10
35
69
$24,658 14
LIABILITIES
Due shareholders, dues .....................................................................
Due shareholders, dividends c re d ite d .............................................
$24,456 92
201 22
$24,658 14
RECEIPTS
Dues credited to members..................................................................
Money borrowed .................................................................................
Fees received ............................................................. •.........................
Interest received .................................................................................
Premium re ceiv ed .................................................................................
Appraisal charges ..............................................................................
$42,982
5, 000
30
567
148
40
98
00
79
22
00
00
$48,768 99
DISBURSEMENTS
Loaned on mortgage ..........................................................................
Dues repaid on withdrawal, or applied on lo a n s .........................
Dividends paid on withdrawal, or applied on l o a n s .................
Paid borrowed money and prior mortgages .................................
Paid interest on borrowed money and prior m o rtg a g e s..........
Paid salaries and clerk-hire ............................................................
Paid advertising, printing and postage .......................................
Paid rent ...............................................................................................
Paid banking department, examination .......................................
Furniture and fix tu r e s ......................................................................
Stationery and books ........................................................................
Electricity ..................................
Repair of door lock ..........................................................................
Cash on hand December 31, 1920 ....................................................
$18,190
18, 324
201
5, 000
21
207
7
75
5
502
358
10
10
5, 855
00
84
22
00
58
34
56
00
25
35
23
27
25
10
$48,768 99
68
R epoet on Savings and L oan A ssociations
Plan, serial. Par value of shares, $130. Instalments are 25 cents weekly.
Shares in force January 1, 1920, none; shares issued during the year,
1,216; shares withdrawn during the year, 334; shares in force, 882. Borrow
ing members, 3, holding 37 shares; non-borrowing members, 70, holding 845
shares; female shareholders, 45, holding 101 shares.
Total dividends
credited members during the year on instalment shares, $30.47; rate 4 per
cent. Total dividends credited or paid in cash to members during the year
on other shares, $170.75; rate 4 per cent.
No unpaid withdrawals. Operating expenses, as, defined in section 390 of
the Banking Law, incurred and paid during the year, $310.42.
Premium plan, gross. Interest paid by borrowing members, 6 per cent.
Premium paid by borrowing members, $4 per share.
Loans have been made in Erie county, New York State. Largest mortgage
loan outstanding, $7,000. Mortgages in force in New York State, $18,190.
No foreclosures during the year.
BLACK ROCK MUTUAL HOME AND SAVINGS ASSOCIATION
No. 52 Amherst street, Buffalo, N . Y .
[Organized under Law o f 1851.
Officers
President..
Secretary..
Treasurer.
A ttorn ey..
Commenced business 1890]
Names
CONRAD MAY ....................................
FRED L. HEITZMANN...................
JAMES LE E ..........................................
JAMES P. SCHAUS............................
Post-office addresses
249 East Street.
206 Dearborn Street.
54 Amherst Street.
604 Curtiss Building.
ASSETS
Loans on bond and mortgage .......................
Stocks and bonds ............................................
Real e s ta te ............. ....................................
Cash on hand and in b a n k .........................
$465,141
4,900
5,519
46,286
00
00
25
67
$521,846 92
LIABILITIES
Due shareholders, dues ....................................................................
Due shareholders, dividends c re d ite d ................................... ..
Undivided profits ................................................................................
Guaranty fund ...................................................................................
$436, 032
45, 731
24, 683
115,400
05
80
07
00
$521,846 92
RECEIPTS
Cash on hand January 1, 1920 ......................................................
Dues credited to members ................................................................
Loans on shares repaid ....................................................................
Real estate sold .......................................................
Pines re ce iv e d ........ ..............................................................................
Interest received ..................................................................................
Premium received ...................................................
Rent received .......................................................................................
Liberty loan bonds .............................................................................
Profit on sale of real estate .............................................................
$57, 346
429, 926
48, 395
11,000
16
27,584
5,085
718
1, 450
1, 317
01
37
00
00
30
39
80
00
00
78
$582, 839 65
69
E rie County
DISBURSEMENTS
Loaned on mortgage ..........................................................................
Dues- repaid on withdrawal, or applied on l o a n s .......................
Dividends paid on withdrawal, or applied on lo a n s ...................
Paid salaries and c le rk -h ir e .............................................................
Paid advertising, printing and postage.........................................
Paid rent ...............................................................................................
Paid repairs to real estate .............................................
Paid taxes, insurance, etc...................................................................
Paid banking department, examination .......................................
Paid banking department, assessm ent...........................................
Officers’ bonds ......................................................................................
State League d u e s ...............................................................................
Telephone ..............................................................................................
Electricity .............................................................................................
Heat ........................................................................................................
Appraisal fee refunded ......................................................................
Office ex p en ses.......................................................................................
Commission on sale of real estate .................................................
Legal expenses .....................................................................................
Real estate p r o f i t .................: .............................................................
Cash on hand December 31, 1920 ...................................................
$136, 950
375, 711
13, 662
5, 235
783
150
382
916
50
15
110
8
43
22
187
9
219
500
279
1,317
46, 286
00
37
52
00
77
00
33
26
00
34
00
00
55
51
10
00
20
00
25
78
67
$582,839 65
Plan, permanent. Par value of shares, $130. Instalments are 25 cents
weekly.
Shares in force January 1, 1920, 10,537; shares issued during the year,
2,501; shares withdrawn during the year, 2,379; shares in force, 10,659.
Borrowing members, 198, holding 2,049 shares; non-borrowing members,
1,305, holding 8,610 shares. Female shareholders, 467, holding 2,691 shares.
Total dividends credited members during the year on instalment shares,
$3,752.98; rate, 5 per cent. Total dividends credited or paid in cash to mem
bers during the year on other shares, $13,163 28; rate, 4 per cent.
No unpaid withdrawals. Operating expenses, as defined in section 390
of the Banking Law, incurred and paid during the year. $6,768.13.
Premium plan, instalment. Interest paid by borrowing members, 6 per
cent. Premium paid by borrowing members, 5 cents per share.
Loans have been made in Erie county, New York State. Largest mortgage
loan outstanding, $7,310. Mortgages in force in New York State, $465,141.
No foreclosures during the year.
CARLTON STREET PERMANENT SAVINGS AND AID
ASSOCIATION
No. 306 Carlton street, Buffalo, N. Y.
[Organized under Law of 1851.
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney......................
Commenced business 1880]
Names
CHARLES DETHLOFP...............
GEORGE H. PEARCE..................
WILLIAM SCHMIDT....................
LOUIS BRAUMLEIN....................
Post-office addresses
55 Pershing Avenue.
320 Herman Street.
306 Carlton Street.
Mutual Life Bldg.
ASSETS
Loans on bond and mortgage ......................
Stocks and b o n d s .............................................
Cash on hand and in bank ...........................
Furniture and fixtures ...................................
$74,462
5, 000
2,984
50
50
00
71
00
$82,497 21
70
R eport on Savings and L oan A ssociations
LIAB ILITIES
Due shareholders, d u e s .............................................................. ..
Due shareholders, dividends credited ...........................................
Borrowed m o n e y ....................... ...........................................................
Undivided profits ................................................................................
Guaranty fund .................................................................... ................
$59, 894
6,293
4, 000
1,659
1, 340
90
87
00
34
00
$82,497 21
RECEIPTS
Cash on hand January 1, 1920 ........................................................
Dues credited to members..................................................................
Money borrowed ...................................................................................
Mortgages redeemed, foreclosed or transferred to real esta te..
Fees r e ce iv e d ..................... ....................................................................
Interest received ...................................................................................
Liberty b o n d s .........................................................................................
$6, 752
66, 514
5, 500
8,325
167
4, 338
552
18
00
00
00
25
45
35
$92,149 23
DISBURSEMENTS
Loaned on m ortg a g e..................................................... ......................
Dues repaid on withdrawal, or applied on loans.........................
Dividends paid on withdrawal, or applied on loans.....................
Paid borrowed money and prior mortgages................................. .
Paid interest on borrowed money andprior mortgages..............
Paid salaries and clerk-hire ............................................................
Paid advertising, printing and postage.....................................
Paid r e n t ................................................................................................
Paid banking department, examination ...................................
Paid banking department, assessm ent............................................
Officers’ bonds ........................................................................
State League dues ..............................
Safe deposit b ox .....................................................................................
Light and h e a t .....................................................................................
Cash on hand December 31, 1920.. ..................................................
$23, 000
61,506
2, 228
1,500
23
7*69
24
40
19
3
12
5
5
29
2, 984
00
OO
18
00
00
00
45
00
34
40
OO
00
OO
15
71
$92,149 23
Plan, permanent. Par value o f shares, $100. Instalments are 25 cents
weekly.
Shares in force January 1, 1920, 4,633; shares issued during the year,
1,338; shares withdrawn during the year, 750; shares in force, 5,221. Bor
rowing members, 42, holding 954 shares; non-borrowing members, 518, hold
ing 4,267 shares. Female Sharehouders, 295, holding 2,302 shares. Total
dividends credited members during the year on instalment shares, $3,044.38;
rate, 5 per cent.
No unpaid withdrawals. Entrance fee, 12% cents per share. Operating
expenses, as defined in section 390 o f the Banking Law, incurred and paid
during the year, $888.
Premium plan, gross. Interest paid by borrowing members, 12 cents per
share per week. N o premium charged.
Loans have been made in Erie county, New York State. Largest m ort
gage loan outstanding, $5,800. Mortgages in force in New York State,
$74,462.50. No foreclosures during the year.
71
E rie County
CLINTON M UTUAL SAVINGS AND LOAN ASSOCIATION
No. 379 W illiam street, Buffalo, N . Y.
[Organized under Law o f 1851.
Officers
President....................
Secretary.....................
Treasurer...................
Attorneys...................
Commenced business 1878]
Names
FREDERICK GRAMLICH...................
CHARLES KLING.................................
CHARLES KLING.................................
STEIN & BARBER.................................
Post-office addressee
305
E. Delevan Ave.
37
Laurel Street
37
Laurel Street
410
Brisbane Building.
ASSETS
Loans on bond and mortgage............................................................
Stocks and bands .................................................................................
Contracts for the sale o f real estate................................................
Real e s t a t e ................................. ...........................................................
Cash on hand and in bank..................................................................
Advances for taxes, insurance, etc....................................................
$678,871
23
691
4,400
27,681
122
62
28
06
00
29
57
$711,789 82
L IA B IL IT IE S
Due shareholders, dues ....................................................................
Due shareholders, dividends credited............................................
Undivided profits ...............................................................................
Guaranty fund .....................................................................................
$578,539
62,668
33,500
37,081
75
53
00
54
$711,789 82
R E C E IP T S
Cash on hand January 1, 1920..........................................................
Dues credited to members..................................................................
Mortgages redeemed, foreclosed or transferred to real esta te..
Fees received .........................................................................................
Interest received .................................................................................
Rent rece iv e d ....................
Dividends retained on withdrawals.....................................
Advances repaid .................................................................................
Liberty bonds .......................................................................................
Received on account of judgment......................................................
Real estate contracts................
$31,140 13
295,687 50
86,161 57
1,560 75
39,401 09
777 25
1,965 08
198 47
10,000 00
12 50
525 25
$467,429 59
DISBU RSEM EN TS
Loaned on m ortgage.............................................................................
$163,330 00
Dues repaid on withdrawal, or applied on loans.........................
208,824 75
Dividends paid on withdrawal, or applied on loans...................
12,464 65
Paid matured s h a r e s ..................................................................
42,129 82
Paid for real e s t a t e ............................................................................
1,700 00
Paid salaries and clerk-hire..............................................................
6,332 50
Paid advertising, printing and postage.......................................... •
1,921 39
Paid repairs to real estate................................................................
1,014 52
Paid taxes, insurance, etc..................................................................
898 68
Paid banking department, examination................................
56 75
Paid banking department, assessment............................................
21 40
Advances for taxes, insurance, etc..................................................
206 91
Loss on sale of Liberty bonds............................................................
846 93
Cash on hand December 31, 1920......................................................
27,681 29
$467,429 59
72
R eport on Savings and L oan A ssociations
Plan, permanent. Par value of shares, $130. Instalments are 25 cents
weekly.
Shares in force January 1, 1920, 21,501; shares issued during the year,
15,270; shares withdrawn during the year, 13,601; shares in force, 23,170.
Borrowing members, 262, holding 3,169 shares; non-borrowing members,
2,841, holding 20,001 shares. Female shareholders, 1,823, holding 11,717
shares. Total dividends credited members during the year on instalment
shares, $27,097.86; rate, 5 per cent.
No unpaid withdrawals. Amount of shares matured during the year,
$42,129.82. Entrance fee, 25 cents per share. Operating expenses, as defined
in section 390 of the Banking Law, incurred and paid during the year,
$8,253.89.
No premium plan. Interest paid by borrowing members, 6 per cent. No
premium charged.
Loans have been made in Erie county, New York State. Largest mortgage
loan outstanding, $10,000. Mortgages in force in New York State, $678,871.62.
No foreclosures during the year.
THE CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION OF HAMBURG
No. 46 Main street, Hamburg, N. Y.
[Organized under Law o f 1910.
Officers
President...
Secretary.. .
Treasurer..
A ttorn ey.. .
Commenced business 1913]
Names
Post-office addresses
CARLTON E. ENO......................................... Hamburg, N. Y.
GORDON S. MOHR........................................ Hamburg, N. Y.
Hamburg. N. Y.
RETTBEN F. KNOCHE..................................
ALBERT L. STRATEMEIER..................... Hamburg, N. Y.
ASSETS
Loans on bond and mortgage.........................
Loans on shares ................................................
Cash on hand and in bank.............................
$150,525 00
13,882 85
8,850 90
$173,258 75
LIABILITIES
Due shareholders, dues.........................................................................
Due shareholders, dividends credited..............................................
Undivided p r o fit s .................................................................................
Guaranty fu nd.......................................................................................
$146,104
24,077
876
2,200
50
47
78
00
$173,258 75
RECEIPTS
Cash on hand January 1, 1920......................
Dues credited to members..................................................................
Mortgages redeemed, foreclosed or transferred to real esta te..
Loans on shares repaid.........................................................................
Fees received...........................................................................................
Interest received...................................................................................
Premium r e c e iv e d .............................................................................
Dividends retained on withdrawals........................
$l,57fi
46,586
11,200
5,663
401
9,804
1,712
142
16
25
00
00
25
48
60
15
$77,085 89
DISBURSEMENTS
Loaned on mortgage.............................................................................
Loaned on shares...................................................................................
$22,507 88
11,625 50
73
E rie County
Dues repaid on withdrawal, or applied on loans.........................
Dividends paid on withdrawal, or applied on loans...................
Cash dividends paid on income and accumulative prepaid
shares .................................................................................................
Paid borrowed money and prior mortgages...................................
Paid interest on borrowed money and prior mortgages............
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage.........................................
Paid banking department, assessment..............................................
Cash on hand December 31, 1920......................................................
$9,067 00
704 99
54 00
22,000 00
1,487 74
400 00
382 18
570
8,850 90
$77,085 89
Plan permanent. Par value of shares, $125. Instalments are 25 cents
weekly.
Shares in force January 1, 1920, 3,029; shares issued during the year, 1,617;
shares withdrawn during the year, 247; shares in force, 4,399. Borrowing
members, 52, holding 383 shares; non-borrowing members, 622, holding 4,016
shares. Female shareholders, 959, holding 961 shares. Total dividends
credited members during the year on instalments shares, $7,960.41; rate, 6
per cent. Total dividends credited or paid in cash to members during the
year on other shares, $468.33; rate, 4 per cent.
No unpaid withdrawals. Membership fee, 25 cents per share. Operating
expenses, as defined in section 390 of the Banking Law, incurred and paid
during the year, $787.88.
Premium plan, premium interest. Interest paid by borrowing members,
6 per cent. Premium paid by borrowing numbers, 4 cents per share per week.
Loans have been made in Erie county, New York State. Largest mortgage
loan outstanding, $19,000. Mortgages in force in New York State, $150,525.
No foreclosures during the year.
D EPEW CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION
No. 104 Main street, Depew, N. Y.
[Organized under Law of 1894.
Officers
President.....................
Secretary.....................
Treasurer....................
Attorney......................
Commenced business 1895]
Names
Post-office addresses
HARRY SEEBERG............................................... Depew, N. Y.
J. FRED PETTYS.............................................
Depew, N. Y.
W. D.' PORTER...................................................... Depew, N. Y.
S. JAY OHART.......................................................
Depew, N. Y.
ASSETS
Loans on bond and mortgage............................................................
Stocks and bonds ..............................................................................
Real e s t a t e ............................................................................................
Cash on hand and in bank ............................................................
Furniture and fixtures ....... .............................................................
Advances for taxes, insurance, e tc ...............................................
$132,000
6,500
1,457
4,780
468
290
00
00
36
56
11
08
$145,496 11
LIABILITIES
Due shareholders, dues ................................................
Due shareholders, dividends credited ........................................
Borrowed money
........................................................................
Undivided profits ..............................................................................
Guaranty fund .....................................................................................
$111,689
12,707
16,000
2, 174
2,925
82
17
00
09
03
$145,496 11
74
R eport on Savings and L oan A ssociations
r e c e ip t s
Cash on hand January 1, 1920........................................................
Dues credited to members ................................................................
Mortgages redeemed, foreclosed or transferred to real estate.
Fees received .................................................................................
Interest received .................................................................................
Advances repaid .................................................................................
Over deposit by treasurer ................................................................
$7, 726 93
74,152 ©3
21, 345< 54
23 75
8,873 33
92 24
5 00
$112,218 82
DISBURSEMENTS
Loaned on mortgage .........................................................................
Dues repaid on withdrawal, or applied on loans.......................
Dividends paid on withdrawal, or applied on loans...............
Paid borrowed money and prior mortgages.................................
Paid interest on borrowed money and prior mortgages...........
Paid salaries and clerk-hire............................................................
Paid advertising, printing and postage.......................................
Paid taxes, insurance, etc..............................................................
Paid banking department, examination.......................................
Paid banking department, assessment.........................................
Officers’ bonds .................................................................... ................
Advances for taxes, insurance, e tc ......................................... ..
Light, gas and water ......................................................................
Clerical error in carrying forward profit and loss.................
Cash on hand December 31, 1920...................................................
$31,600 00
57,902 46
6, 514 09
8,000,00
1, 321 80
800 00
262 92
14 45
35 30
5 35
74 20
227 52
80 17
600 00
4,780 56
$112,218 82
Plan, permanent. Par value of shares, $100. Instalments are 16% cents
and 25 cents weekly.
Shares in force January 1, 1920, 4,758; shares issued during the year,
1,843: shares withdrawn during the year, 1,787; shares in force, 4,814.
Borrowing members, 92, holding 1,260 shares; non-borrowing members, 236,
holding 3,554 shares. Female shareholders, 75, holding 1,032 shares. Total
dividends credited members during the year on instalment shares, 86,074.12:
rate, 7 per cent.
No unpaid withdrawals. Membership fee, 25 cents. Operating expenses,
as defined in section 390 of the Banking Law, incurred and paid during the
year, $1,222.64.
Premium plan, premium-interest. Interest paid by borrowing members,
6 per cent. Premium paid by borrowing members, 2 per cent.
Loans have been made in Erie county, New York State. Largest mortgage
loan outstanding, $4,500. Mortgages in force in New York State, $132,000.
No foreclosures during the year.
E A ST 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
FRTDOMN TH OM A....................
EDWARD C. KATH ER............
CHARLES A. KLOCKE...............
GEORGE L. GROBE...................
Post-office addresses
1072 Lovejoy Street.
47 Luding'to'n Street.
1156 Lovejoy Street.
34 Hennepin Street.
ASSETS
Loans on bond and mortgage
Loans on shares .....................
$33,540 00
1,275 00
75
E rie County
Stocks and bonds ...............
Cash on hand and in bank
Furniture and fixtures . . .
$1,667 85
4,178 45
210 00
$40,871 30
LIABILITIES
Due shareholders, dues ..................................... ..............................
Due shareholders, dividends credited ...........................................
Undivided profits ..............................................................................
Guaranty fund ..................................................................................
$36,811
2,693
1, 002
363
50
83
27
61
$40,871 30
RECEIPTS
Cash on hand January 1, 1920..........................................................
Dues credited to members....................................................................
Money borrowed ...................................................................................
Mortgages redeemed, foreclosed or transferred to real esta te..
Loans on shares repaid........................................................................
Fees received .........................................................................................
Interest received ...................................................................................
Dividends retained on withdrawals.................................................
$688
24, 271
1, 500
1,580
270
100
1, 762
89
24
61
00
00
00
50
23
65
$30,262 23
DISBURSEM ENTS
Loaned on m ortg ag e.................. ..........................................................
Loaned on shares .................................................................................
Dues repaid on withdrawal, or applied on loans.........................
Dividends paid on withdrawal, or applied on loans.....................
Paid borrowed money and prior mortgages...................................
Paid interest on borrowed money and prior mortgages............
Paid salaries and clerk-hire ............................................................
Paid advertising, printing and postage.........................................
Paid banking department, assessment .........................................
Liberty loan b o n d s ..............................................................................
Cash on hand December 31, 1920....................................................
$5, 950
150
16,123
667
2, 600
66
208
16
2
300
4,178
00
00
22
81
00
71
00
00
04
00
45
$30,262 23
Plan, serial. Par value of shares, 130. Instalments are 25 cents weekly.
Shares in force January 1, 1920, 1,981; shares issued during the year,
1,976; shares withdrawal during the year, S92; shares in force, 3,065. Bor
rowing members, 26, holding 185 shares ; non-borrowing members, 197, hold
ing 2,880 shares.
Female shareholders, 78, holding 318 shares.
Total
dividends credited members during the year on instalment shares, $1,204.78;
rate, 5 per cent. Total dividends credited or paid in cash to members during
the year on other shares. $105.92; rate. 4 per cent.
No unpaid withdrawals. Entrance fee, 25 cents per share. Operating
expenses, as defined in section 390 of the Banking Law, incurred and paid
during the year, $226.04.
No premium plan. Interest paid by borrowing members, 6 per cent. No
premium charged.
Loans have been made in Erie county. New York State. Largest mortgage
loan outstanding, $4,000. Mortgages in force in New York State, $33,540.
No foreclosures during the year.
76
R eport on Savings and L oan A ssociations
E A ST SIDE SERIAL SAVINGS AN D LOAN ASSOCIATION
No. 344 East Genesee street, Buffalo, N . T .
[Organized under Law of 1892.
Officers
President....................
Secretary.....................
Treasurer...................
Attorney.....................
Commenced business 1894]
Names
ALEXANDER FRANK S................
JACOB A. STAUCH......................
WILLIAM GERBER........................
CHARLES A. H AHL......................
Post-office addresses
553 Sherman Street.
472 Hickory Street.
662 North Oak Street.
Electric Building.
ASSETS
Loans on bond and m ortgage............................................................
Loans on shares .................................................................... ..............
Stocks and bonds .................................................................................
Real estate .............................................................................................
Cash on hand and in bank................................................................
Furniture and fixtures ....................... : .............................................
$181,174
980
599
6, 940
5,312
700
73
00
77
00
12
00
$195, 706 62
L IA B IL IT IE S
Due shareholders, dues ......................................................................
Due shareholders, dividends credited............................................
•Borrowed m o n e y ................................................................................
Undivided profits .................................................................................
Guaranty f u n d ......................................................................................
$167, 749
13,059
11,000
2,192
1, 705
50
51
00
33
22
$195, 706 62
R E C E IP T S
Cash on hand January 1, 1920..........................................................
Dues credited to members..................................................................
Money borrowed ...................................................................................
Mortgages redeemed, foreclosed or transferred to real estate. .
Loans on shares repaid.................................................................... ..
Fines received ........................................................ 1............................
Interest received ...................................................................................
Rent r e ce iv e d .............................................................................. ..........
Liberty loan b o n d .................................................................................
$3,424
144,791
11,000
8,145
1,219
8
8,260
499
50
13
25
00
27
00
13
86
00
00
$177,397 64
DISBURSEMENTS
Loaned on mortgage ...........................................................................
Loaned on s h a r e s ............................. ...................................................
Dues repaid on withdrawal, or applied on loans...........................
Dividends paid on withdrawal, or applied on loans...................
Cash dividends paid on income and accumulative prepaid
shares ..................................................................................................
Paid salaries and clerk -h ire ................
Paid advertising, printing and p o s ta g e ..........................................
Paid r e n t ................................................................................................
Paid repairs to real e s t a t e ...............................
Paid taxes, insurance, e tc ..................................................................
Paid banking department, assessment...........................................
Officers’ bonds .................................................
State League dues and expenses........................................................
Electric light and gas...............................................................
Gas heater .................................................................. .. •■....................
Auditing committee .............................................................................
$76, 990
1,595
88, 986
I, 520
00
00
25
05
677
1,359
399
140
50
215
4
8
25
42
30
39
50
39
00
31
63
95
00
00
55
00
10 00
E rie County
77
Revenue stamps ...................................................................................
J a n itress.................................................................................................
Cash on hand December 31, 1920......................................................
$2 00
20 50
.5, 312 12
$177,397 64
Plan, permanent. Par value of shares, $130. Instalments are 25 cents
weekly.
iShares in force January 1, 1920, 8,004; shares issued during the year, 5,020;
shares withdrawn during the year, 2,604; shares in force, 10,420. Borrowing
members, 68, holding 941 shares; non-borrowing members, 1,166, holding 9,479
shares. Female shareholders, 651, holding 4,218 shares. Total dividends
credited members during the year on instalment shares, $5,290.39; rate, 4%
per cent. Total dividends credited or paid in cash to members during the
year on other shares, $677.39; rate, 4% per cent.
No unpaid withdrawals. Operating expenses, as defined in section 390 of
the Banking Law, incurred and paid during the year, $2,048.89.
No premium plan. Interest paid by borrowing members, 6 per cent. No
premium charged.
Loans have been made in Erie county, New York State. Largest mortgage
loan outstanding, $6,369.29. Mortgages in force in New York State, $181,174.73. No foreclosures during the year.
TH E ELLICOTT PERMANENT SAVINGS AND LOAN ASSOCIATION
No. 99 East Genesee street, Buffalo, N. Y.
[Organized under Law of 1851.
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................
Commenced business 18891
Names
EDWARD J. LIEBETRUT...........
HENRY F. HOLTZ.........................
EDWARD D. REED.......................
WILLIAM G. KILHOFFER.........
Post-office addresses
78 East Genesee Street.
118 East Eagle Street.
Liberty Bank.
308 Brisbane Bldg.
ASSETS
Loans on bond and mortgage.......... ..............
Stocks and bonds .............................................
Cash on hand and in banks. ...........................
Furniture and fixtures ...................................
$75,655
4, 400
5,431
100
22
00
13
00
$85,586.35
LIABILITIES
Due shareholders, dues ..................................... ................................
Due shareholders, dividends credited...............................................
Undivided profits .................................................................................
Guaranty f u n d ......................................................................................
$69, 733
9,815
3, 237
2, 800
06
62
67
00
$85,586 35
RECEIPTS
Cash on hand January 1, 1920........................................................
Dues credited to members......................................................... : . . . .
Money borrowed ...................................................................................
Mortgages redeemed, foreclosed or transferred to real estate. .
Fees received .........................................................................................
Interest received .................... .............................................................
$4,725
59, 210
10,000
8, 624
74
5, 002
72
55
00
78
25
92
$87,638 22
78
R epoet on Savings and L oan A ssociations
DISBURSEMENTS
Loaned on mortgage ..........................................................................
Dues repaid on withdrawal, or applied on loans.........................
Dividends paid on withdrawal, or applied on loans.....................
Paid borrowed money and prior mortgages...................................
Paid interest on borrowed money and prior m ortgages.. ........
Paid salaries and clerk-hire ............................................................
Paid advertising, printing and postage.........................................
Paid r e n t ................................................................................................
Paid banking department, examinations.......... ..............................
Paid banking department, assessment..............................................
State League d u e s .................. . ...........................................................
S u n d ries..................................................................................................
Cash on hand December 31, 1920 ......................................................
$5, 450 00
61,110 58
4, 026 31
10, 000 00
215 43
905 50
124 06
150 00
39 67
378
5 00
76 86
5,431 13
$87,638 22
Plan, permanent. Par value of shares, $130. Instalments are 25 cents
weekly.
Shares in force January 1, 1020, 4,096; shares issued during the year, 207;
shares withdrawn during the year, 1,054; shares in force, 3,339. Borrowing
members, 37, holding 368 shares; non-borrowing members, 282, holding 2,971
shares. Female shareholders, 107, holding 855 shares.
Total ' dividends
credited members during the year on instalment shares, $3,212.77; rate, 5
per cent.
N o unpaid withdrawals. Entrance fee, 25 cents per share. Operating
expenses, as defined in section 390 of the Banking Law, incurred and paid
during the year, $1,352.32.
No premium plan. Interest paid by borrowing members, 6 per cent. No
premium charged.
Loans have been made in Erie county, New York State. Largest mortgage
loan outstanding, $3,600. Mortgages in force in New York State, $75,655.22.
N o foreclosures during the year.
ERIE SAVINGS AND LOAN ASSOCIATION
No. 39 Erie street, Buffalo, N. Y.
[Organized under Law o f 1851.
Officers
President.....................
Secretary....................
Treasurer...................
attorney.....................
Commenced business 1884]
Names
Post-office addresses
EDWARD F. MEISTER....................... 39
Erie Street.
GEORGE REPP..................................... 39
Erie Street.
GEORGE K A R B A C H ........................... 39
Erie Street.
JOHN M. HULL..................................... 39
Erie Street.
ASSETS
Loans on bond and m ortgage.........................
Loans on shares.................................................
Stocks and bonds...............................................
Contracts for the sale of real estate.......... .
Real estate..........................................................
Cash on hand and in bank...............................
$1,735,101
54.664
25.664
4,601
35,000
147,664
25
08
94
45
00
90
$2,002,696 62
LIABILITIES
Due shareholders, dues....................................... ................................. $1,658,347 29
Due shareholders, dividends credited..............................................
119,557 79
Due shareholders, matured shares....................................................
71,557 00
79
E rie County
Borrowed money ..................................................................................
Undivided profits......................
Guaranty fund.......................................................................................
$65,000 00
13,234 54
75,000 00
$2,002,696 62
RECEIPTS
Cash on hand January 1, 1920..........................................................
Dues credited to members..................................................................
Money borrowed.....................................................................................
Mortgages redeemed, foreclosed or transferred to real estate.
Loans on shares repaid......................................................................
Interest received...................................................................................
Rent received.........................................................................................
Dividends retained on withdrawals..................................................
Liberty loan bonds...............................................................................
Land contracts.......................................................................................
Coal .........................................................................................................
Appraisals .............................................................................................
Mortgages taxes.....................................................................................
$43,448
1,192,007
220,000
282,719
111,697
119,886
2,100
2,270
116,948
997
188
801
1,844
28
17
00
55
00
54
00
56
43
68
35
00
00
$2,094,908 56
DISBURSEMENTS
Loaned on m ortgage.......... .................................................................
Loaned on shares...................................................................................
Dues repaid on withdrawal, or applied on loans.........................
Dividends paid on withdrawal, or applied on loans.....................
Cash dividends paid on income and accumulative prepaid
shares .................................................................................................
Paid matured shares..........................................................................
Paid borrowed money and prior mortgages...................................
Paid interest on borrowed money and prior mortgages.............
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage.........................................
Paid repairs to real estate..................................................................
Paid taxes, insurance, etc..................................................................
Paid banking department, examination...........................................
Paid banking department, assessment...........................................
Telephone ...............................................................................................
Real estate contracts..........................................................................
Liberty loan bonds...............................................................................
Mortgage taxes......................................................................................
Appraisals .............................................................................................
Coal .........................................................................................................
Filing cabinets......................................................................................
Compensation, burglary and bond insurance.................................
Janitor service.......................................................................................
Stationery and sundries......................................................................
Electricity and g a s...............................................................................
Cash on hand December 31, 1920......................................................
$373,386
113,650
852,741
7,790
32
58
82
84
3,856
111,460
345,000
6,517
10,755
2,630
321
1,202
116
58
122
317
111,268
1,844
799
575
192
283
1,163
730
460
147,664
65
30
00
59
00
50
59
27
64
17
52
45
38
00
00
83
00
01
00
18
02
90
$2,094,908 56
Plan, permanent. Par value of shares, $130. Instalments are 25 cents
weekly.
Shares in force January 1, 1920, 87,536; shares issued during the year,
40,882; shares withdrawn during the year, 29,523; shares in force, 98,875.
Borrowing members, 1,005, holding 20,510 shares; non-borrowing members,
9,212, holding 78,365 shares. Female shareholders, 4,667. Total dividends
credited members during the year on instalment shares, $42,929.81; rate, 5%
80
R eport on Savings and L oan A ssociations
per cent. Total dividends credited or paid in cash to members during the
year on other shares, $31,053.60; rate, 4 per cent and 4% per cent.
No unpaid withdrawals. Amount of shares matured during the year,
$114,641.83. Operating expenses, as defined in section 390 of the Banking
Law, incurred and paid during the year, $16,711.71.
No premium plan. Interest paid by borrowing members, 6 per cent. No
premium charged.
Loans have been made in Erie county, New York State. 'Largest mortgage
loan outstanding, $15,730. Mortgages, in force in New York State, $1,735,101.25. No foreclosures during the year.
FREEHOLD SAVINGS AND LOAN ASSOCIATION
No. 809 Main street, Buffalo, N. Y.
[Organized under Law o f 1861.
Officers
President....................
Secretary.....................
Treasurer........... ..
Attorney.....................
Commenced business 1891]
Names
PETER J. W EIGEL.............................
EDWARD J. ZIT T E L .........................
CHARLES J. F I X .................................
GODFREY M. FROHE.........................
Post-office addresses
218 Ellieott Square.
672 Elm Street.
808 Main Street.
476 Ellieott Square.
ASSETS
Loans on bond and mortgage............................................................
Loans on shares.....................................................................................
.Stocks and bonds...................................................................................
Cash on hand and in bank..................................... ...........................
$238,526
3,291
9,400
3,640
40
00
00
53
$254,857 93
LIAB ILITIES
Due shareholders, dues......................................................................
Due shareholders, dividendscredited...............................
Undivided profits...................................................................................
Guaranty fu n d.............................................
Unearned or rebatable premium...........................................
Suspense account...................................................................................
$209,391
30,731
10,308
4,290
75
61
63
65
17
34
00
14
$254,857 93
RECEIPTS
Cash on hand January 1, 1920..........................................................
Dues credited to members..................................................................
Money borrowed.....................................................................................
Mortgages redeemed, foreclosed or transferred to real estate.
Loans on shares repaid......................................................................
Fees received...........................................................................................
Interest received...................................................................................
Advances repaid..................................................................................
Liberty loan bonds.........................................................
$449
143,946
14,500
29,546
349
21
14,158
122
500
51
90
00
64
00
00
64
23
00
$203,593 92
DISBURSEMENTS
Loaned on mortgage.............................................................................
Loaned on shares.......... ................................................................ ..
Dues repaid on withdrawal, or applied on loans.........................
Dividends paid on withdrawal, or applied on loans...................
Paid borrowed money and prior mortgages...................................
$61,978
1,990
108,754
4,477
19,500
58
00
54
85
00
81
E bie County
Paid interest on borrowed money and prior mortgages..............
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage.........................................
Paid rent ...............................................................................................
Paid banking department, examination.........................................
Paid banking department, assessment.............................................
Officers’ bonds.........................................................................................
State League dues................................................................................
Real estate and auditing committees.............................................
Telephone ...............................................................................................
Light and heat.....................................................
Interest refund.......................................................................................
Election inspectors’ fees................
Sundries .............................................................
Cash on hand December 31, 19 20 ...................................................
$264
1,876
53
420
29
7
12
6
126
40
78
31
10
295
3,640
75
00
16
00
25
87
50
00
00
55
99
47
00
88
53
$203,593 92
Plan, permanent. Par value of shares, $130. Instalments are 25 cents
weekly.
Shares in force January 1, 1920, 13,815; shares issued during the year,
3,380; shares withdrawn during the year, 1,114; shares in force, 16,081.
Borrowing members, 68, holding 926 shares; non-borrowing members, 928,
holding 15,155 shares. Female shareholders, 588, holding 5,523 shares. Total
dividends credited members during the year on instalment shares, $9,457.48;
rate, 5 per cent. Total dividends credited or paid in cash to members during
the year on other shares, $2.36; rate, 5 per cent.
No unpaid withdrawals. Operating expenses, as defined in section 390 of
the Banking Law, incurred and paid during the year $2,926.95.
Premium plan, gross. Interest paid by borrowing members, 6 per cent. No
premium charged.
Loans have been made in Erie county, New York State. Largest mortgage
loan outstanding, $7,000. Mortgages in force in New York State, $238,526.40.
One foreclosure during the year.
GENESEE STREET SAVINGS AND LOAN ASSOCIATION
No. 1529 Genesee street, Buffalo, N. Y.
[Organized under Law of 1914.
Officers
President....................
Secretary.....................
Treasurer...................
Attorney......................
Commenced business 1914]
Names
CHARLES BAUER. J r ...................
OTTO R. GERLACH...............
EMIL H O LZB AU ER.....................
J. ADAM W E IS S ...........................
Post-office addresses
2578 Bailey Avenue.
59 Victoria Avenue.
42 Wagner Place.
606 Mutual Life Building.
ASSETS
Loans on bond and m o rtg a g e .:........................................................
Stocks and bonds.................................................................................
Real estate.............................................................................................
Cash on hand and in bank................................................................
Advances for taxes, insurance, e tc ..................................................
$41,760
146
10,500
12,920
124
00
00
00
50
79
$65,451 29
LIABILITIES
Due shareholders, dues........................................................................
Due shareholders, dividends credited..............................................
Undivided profits............................. .....................................................
$61,241 50
3,198 66
76 90
82
R epoet on Savings and L oan A ssociations
Guaranty fund .....................................................................................
Unearned or rebatable premium......................................................
$328 29
605 94
$65,451 29
RECEIPTS
Cask on hand January 1,1920..........................................................
Dues credited to members..................................................................
Money borrowed....................................................................................
Mortgages redeemed, foreclosed or transferred to real esta te..
Fees received.........................................................................................
Fines received.......................................................................................
Interest received.............................................................................
Premium received....................................................................
Rent received.........................................................................................
Liberty loan bonds...............................................................................
Appraisals .............................................................................................
$3,055
72,728
9,800
10,590
226
53
2,300
210
775
250
18
42
59
00
00
75
29
80
84
00
00
00
$100,008 69
DISBURSEMENTS
Loaned on mortgage.............................................................................
Dues repaid on withdrawal, or applied on loans.........................
Dividends paid on withdrawal, or applied onloans.....................
Paid borrowed money and prior mortgages...................................
Paid interest on borrowed money and prior mortgages..............
Paid for real estate.............................................................................
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage............................................
Paid repairs to real estate................................................................
Paid taxes, insurance, e tc...................>...............................................
Paid banking department, examination.........................................
Paid banking department, assessment............................................
Officers’ bonds.........................................................................................
Furniture and fixtures........................................................................
Appraisals .................................................., ........................................
Light and fu el....................................................................
Sundries ..................................................................................................
Cash on hand December 31, 1920......................................................
$10,020
54,400
596
9,800
192
10,475
765
90
83
294
16
2
20
229
18
79
6
12,920
00
34
20
00
41
00
05
00
45
04
00
48
50
44
00
22
06
50
$100,008 69
Plan, permanent. Par values of shares, $130. Instalments are 25 cents
weekly.
Shares in force January 1, 1920, 3,067; shares issued during the year,
2,706; shares withdrawn during the year, 1,313; shares in force, 4*460.
Borrowing members, 15, holding 221 shares; non-borrowing members, 583,
holding 4,239 shares. Female shareholders, 399, holding 2,260 shares. Total
dividends credited members during the year on instalment shares, $1,765.87;
rate, 5 per cent.
No unpaid withdrawals. Entrance fee, 25 cents per share. Operating
expenses, as defined in section 390 o f the Banking Law, incurred and paid
during the year, $972.77.
Premium plan, gross. Interest paid by borrowing members, 6 per cent.
Premium paid by borrowing members, 2 per cent.
Loans have been made in Erie county, New York State. Largest mortgage
loan outstanding, $2,990. Mortgages in force in New York State, $41,760.
No foreclosures during the year.
E b ie
83
County
GOODELL PERMANENT LOAN ASSOCIATION
No. 109 Goodell street, Buffalo, N. Y .
[Organized under Law o f 1851.
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney......................
Commenced business 1868]
Names
Post-office addresses
J. HENRY WALLENHORST.................... 82 Qoodell Street.
JOHN R. SCHWEIGERT............................ 34 HollandPlace.
WILLIAM C. GERLA.CH............................ 207 GoodellStreet.
CHARLES J. DEJCKOP................................ 828 Brisbane Bldg.
A SSE TS
Loans on bond and m ortgage............................................................
Stocks and bonds...................................................................................
Cash on hand and in bank........ .......................................................
Furniture and fixtures........................................................................
Meter deposit.........................................................................................
$133,067
4,600
10,610
200
5
05
00
97
00
00
$148,483 02
LIAB ILITIES
Due shareholders, dues........................................................................
Due shareholders, dividendscredited................................................
Undivided profits..................................................................................
Guaranty fu nd.............................................................
Unearned or rebatable premium........................................................
$127,084
15,691
-747
3,247
1,712
50
66
86
00
00
$148,483 02
RECEIPTS
Cash on hand January 1, 1920.........................................................
Dues credited to members..................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Fees received..........................................................................................
Interest received...................................................................................
Premium received.................................................................................
Beal estate contracts..................................................■.......................
Correction ...........................................................
$13,422
66,923
13,907
41
7,303
900
3,710
3
74
50
95
00
47
00
00
58
$106,212 24
DISBURSEMENTS
Loaned on m ortgage............................................................................
Dues repaid on withdrawal, or applied on loans. . . ; ............ .
Dividends paid on withdrawal, or applied on loans.....................
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage.........................................
Paid r e n t .................................................................................................
Paid banking department, examination.........................................
Paid banking department, assessment...........................................
Officers’ bonds.......................................................
Meter deposit.........................................................................................
Heat, light and w ater........................................................................
Electric installation.............................................................................
Janitor service..................
Office repairs..........................................................................................
Legal services.........................................................................................
Loan committee.................................................
Premium returned................................................................................
Cash on hand December 31, 1920....................................................
$42,600
48,256
2,906
1,256
43
216
21
5
12
5
21
48
42
12
52
12
90
10,610
00
75
13
50
93
00
75
00
00
00
20
35
41
25
00
00
00
97
$106,212 24
84
R epoet on Savings and L oan A ssociations
Plan, permanent. Par value of shares, $130. Instalments are 25 cents
weekly.
Shares in force January 1, 1920, 4,496; shares issued during the year,
1,984; shares withdrawn during the year, 984; shares in force, 5,496.
Borrowing members, 34, holding 441 shares; non-borrowing members, 542,
holding 5,055 shares. Female shareholders, 343, holding 2,798 shares. Total
dividends credited members during the year on instalment shares, $5,058.04;
rate, 4% per cent.
No unpaid withdrawals. Entrance fee, 25 cents per share. Operating
expenses, as defined in section 390 o f the Banking Law, incurred and paid
during the year, $1,664.64.
Premium plan, gross. Interest paid by borrowing members, 6 per cent.
Premium paid by borrowing members, $5 per share.
Loans have been made in Erie county, New York State. Largest mortgage
loan outstanding, $5,120. Mortgages in force in New York State, $133,067.05.
No foreclosures during the year.
HAMBURGH SAVINGS AND LOAN ASSOCIATION
Main street, Hamburg, N. Y.
[Organized under Law o f 1851. Commenced business 1890]
Officers
President.. .
Secretary.. .
Treasurer..,
A ttorn ey.. .
Names
NEWTON C. F IS H ............................
GEORGE J. BRENDBL....................
JOHN J. SULLIVAN.........................
FRANK C. BRENDEL......................
Post-office addresses
Hamburg, N. Y.
Hamburg, N. Y.
Hamburg, N. Y.
Brisbane Bldg., Buffalo.
ASSETS
Loans on bond and m ortgage.......................
Loans on shares.................................................
Stocks and bonds................................................
Contracts for the sale of real estate............
Real estate............................. ............................
Cash on hand and in bank.............................
$106,475
5,508
3,250
1,100
961
3,542
50
00
00
00
00
43
$120,836 93
LIABILITIES
Due shareholders, dues.........................................................................
Due shareholders, dividends credited..............................................
Due shareholders, matured shares....................................................
Borrowed money.......................................................................; ..........
Undivided profits..................................................................................
Guaranty fu nd......................
Unearned or rebatable premium..........................
$85,291
10,961
3,358
17,000
316
2,580
1,327
75
85
75
00
22
86
50
$120,836 93
RECEIPTS
Cash on hand January 1, 1920..........................................................
Dues credited to members..................................................................
Money borrowed................................................................ ....................
Mortgages redeemed, foreclosed or transferred to real esta te..
Loans on shares repaid......................................................................
Fees received.........................................................................................
Interest received...................................................................................
Premium received.................................................................................
$157
29,479
10,000
14,230
3,403
170
5,655
445
65
75
00
00
00
00
94
00
E rie County
85
Dividends retained on withdrawals.................................................
Contract account............................................................................ ..
$210 56
90 00
$63,841 90
DISBURSEMENTS
Loaned on mortgage............................................................................
Loaned on shares..................................................................................
Dues repaid on withdrawal, or applied on loans........................
Dividends paid on withdrawal, or applied
onloans.................
Cash dividends paid on income and accumulative prepaid
shares .................................................................................................
Paid matured shares..........................................................................
Paid interest on borrowed money and prior mortgages..............
Paid for real estate............................................................................
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage.........................................
Paid banking department, examination.........................................
Paid banking department, assessment...........................................
Traveling expenses...............................................................................
Express charges.....................................................................................
Gash on hand December 31, 1920....................................................
$27,720
3,749
10,705
973
00
00
50
32
912
14,141
570
961
300
220
11
4
29
37
70
63
00
00
44
07
25
29
90
3,542 43
$63,841 90
Plan, serial. Par value of shares, $130. Instalments are 25 cents weekly.
Shares in force January 1, 1920, 1,763; shares issued during the year,
863; shares withdrawn during the year, 606; shares in force, 2,020. Borrow
ing members, 34, holding 303 shares; non-borrowing members, 331, holding
1,717 shares. Female shareholders, 104, holding 550 shares. Total dividends
credited members during the year on instalment shares, $4,037.02; rate, 6
per cent. Total dividends credited or paid in cash to members during the
year on other shares, $912.37; rate, 4% per cent.
No unpaid withdrawals. Amount of shares matured during the year,
$15,705. Entrance fee, 25 cents per share. Operating expenses, as defined in
section 390 of the Banking Law, incurred and paid during the year, $550.63.
Premium plan, gross. Interest paid by borrowing members, 5 per cent.
Premium paid by borrowing members, $5 per share.
Loans have been made in Erie county, New York State. Largest mortgage
loan outstanding, $5,700. Mortgages in force in New York State, $106,475.
No foreclosures during the year.
HOMESTEAD SAYINGS AND LOAN ASSOCIATION
No. 360 Pearl street, Buffalo, N. Y.
[Organized under Law o f 1851.
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................
Commenced business 1884]
Names
GEORGE TROUP.....................................
CHARLES H. RODGERS......................
CHARLES E. MOREY...........
.......
FRED GREINER....................................
Post-office addresses
Williamsville. N. Y
Buffalo, N. Y.
Buffalo, N. Y
Buffalo, N. Y.
ASSETS
Loans on bond and mortgage............................................................ $1,169,635 00
Loans on shares....................................................................................
73,255 00
Stocks and bonds...................................................................................
40,550 00
Real estate.............................................................................................
27,000 00
86
R eport on Savings and L oan A ssociations
Cash on hand and in bank..................................................................
Furniture and fixtures........................................................................
$43,773 03
425 20
$1,354,638 23
LIABILITIES
Due shareholders, dues and dividends................................
$1,232,181 12
Due shareholders, matured shares................................................
859 84
Balance to be paid borrowers on mortgage loans.......................
4, 400 00
Undivided profits..................................................................................
17,268 47
Guaranty fund ...................................................................................
62,000 00
Unearned or rebatable premium......................................................
21,643 50
Individual accounts..............................................................................
4,005 18
Special dues................................................................................
176 88
Contingent dividends..........................................................................
11,611 65
491 59
Suspense accou n t..................................................................................
$1,354,638 23
R E C E IPTS
Cash on hand January 1, 1920........................................................
Dues credited to members......................
Money borrowed....................................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares repaid...............................................
Fees received.........................................................................................
Interest received...... ......................................................................: . .
Premium received.................................................................................
Bent received.....................................................................
Special dues...........................................................................................
Individual accounts..............................................................................
Suspense account..........................................................................
Dues and dividends...............................................................................
Contingent dividends............................................................................
Expenses .............
$13,520
510,120
70,000
178,375
241,418
618
72,932
5,920
480
325
10,677
397
50
87
43
28
80
00
00
00
80
45
00
00
34
81
94
94
50
65
$1,104,968 51
DISBURSEMENTS
Loaned on mortgage.............................................................................
Loaned on shares.....................................................
Dues repaid on withdrawal, or applied on loans.........................
Cash dividends paid on income and accumulative prepaid
shares .................................................................................................
Paid matured shares...........................................................................
Paid borrowed money and prior mortgages...................................
Paid interest on borrowed money and prior m ortgages............
Paid salaries and clerk-hire................
Paid advertising, printing and postage......................
Paid ren t...............................................................................................
Paid taxes, insurance, e tc.................................
Paid banking department, examination.........................................
Paid banking department, assessment............................................
Individual accounts......................................................................
Contingent dividends...........................................................................
Special dues...........................................................................................
Mortgage taxes......................................................................................
Premiums rebated.................................................................................
Furniture and fixtures........................................................................
Begistry fees refunded...........................................................
Suspense account...................................................................................
$212,400 00
250,967 00
240,712 10
2,956
205,399
110,800
1,859
6,646
764
525
1,105
82
41
6,700
15,676
253
7
1,651
425
11
46
78
08
00
05
00
69
00
90
64
35
11
50
85
00
42
20
20
37
E rie County
87
Sundries..................................................................................................
Cash on hand December 31, 1920 ......................................................
$2,164 24
43,773 03
$1,104,968 51
Plan, permanent. Par value of shares, $100. Instalments are 25 cents
weekly.
Shares in force January 1, 1920, 41,550; shares issued during the year,
15,258; shares withdrawn during the year, 10,101; shares in force, 46,707.
Borrowing members, 529, holding 9,689 shares; non-borrowing members,
3,284, holding 37.018 shares. Female shareholders, 1,812, holding 18,483
shares. Total dividends credited members during the year on instalment
shares, $55,414.65; rate, 4.7 per cent. Total dividends credited or paid in
cash to members during the year on other shares, $3,132; rate, 4 per cent.
No unpaid withdrawals. Amount of shares matured during the year,
$221,075.58. Operating expenses, as defined in section 390 of the Banking
Law, incurred and paid during the year, $10,106.93.
Premium plan, gross. Interest paid by borrowing members, 5 per cent and
6 per cent. Premium paid by borrowing members, $4 on each share.
Loans have been made in Erie county, New York State. Largest mortgage
loan outstanding, $14,200. Mortgages in force in New York State, $11,696.35.
No foreclosures during the year.
HYDRAULIC M UTUAL SAVINGS AND LOAN ASSOCIATION
No. 813 Seneca street, Buffalo, N . Y .
[ Organized under Law of 1851.
Officers
President.....................
Secretary....................
Treasurer...................
Attorney.....................
Commenced business 1881]
Names
EDWARD A S T ...................................
GEORGE J. K O E P F ..........................
EUGENE J. RIESTER....................
HENRY J. ROSCHB........................
Post-office addresses
210 Baitz Avenue.
244 Masten Street.
588 Linwood Avenue.
287 East North Street.
ASSETS
Loans on bond and mortgage............................................................
Stocks and bonds .................................................................................
Cash on hand and in bank..................................................................
Furniture and fixtures ......................................................................
$110, 125
4,000
7;, 534
75
00
00
46
00
$121, 734 46
LIAB ILITIES
Due shareholders, dues ........................................
Undivided profits ..................................................
Guaranty fund ......................................................
Unearned or rebatable premium.........................
$97,827
12, 310
5,000
6,587
98
09
00
39
$121.734 46
RECEIPTS
Cash on hand January 1, 1920..........................................................
Dues credited to members..................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Fees received .........................................................................................
Fines received .......................................................................................
Interest received ...................................................................................
$8, 698
38,202
15, 050
361
34
6,109
83
75
00
88
92
90
88
R epoet on Savings and L oan A ssociations
Premium received ..
Real estate contract
$2,950 00
860 00
$72,268 28
DISBURSEMENTS
Loaned on m ortg a g e............................................................................
Dues repaid on withdrawal, or applied on loans...........................
Paid matured shares ..........................................................................
Paid salaries and clerk-hire............................................................ .
Paid advertising, printing andpostage..........................................
Paid r e n t ...................................................................................
Paid banking department,examination .................................
Paid hanking department,assessm ent..................
Officers’ bonds ....................................................................
Premium rebated .................................................................
Safe deposit b o x ....................... ...........................................................
Interest rebated ................................................................ . ............ ....
S u n dries..................................................................................................
Cash on hand December 3L, 1920.................................................... .
$40,785 00
13,887 89
8,438 57
1,032 40
20 00
120 00
.28 00
4 09
20 00
372 87
5 00
5 00
15 00
7,534 46
$72,268 28
Plan, permanent. Par value of shares, $100. Instalments are 25 cents
weekly.
Shares in force January 1, 1920, 2,677; shares issued during the year, 1,387;
shares withdrawn during the year, 820; shares in force, 3,244. Borrowing
members, 47, holding 645 shares; non-borrowing members, 457, holding 2,599
shares. Female shareholders, 235, holding 1,275 shares. Total dividends
credited members during the year on instalment shares, $5,613.26; rate, 7
per cent.
No unpaid withdrawals. Amount of shares matured during the year,
$8,438.57. Entrance fee, 25 cents per share. Operating expenses, as defined
in section 390 of the Banking Lawr, incurred and paid during the year,
$1,197.40.
Premium plan, gross. Interest paid by borrowing members, 12% cents per
share weekly. Premium paid by borrowing members, $10 per share.
Loans have been made in Erie county, New York State. Largest mortgage
loan outstanding, $3,900. Mortgages in force in New York State, $110,125.
No foreclosures during the year.
IN DU STRY PERM ANENT DIME SAVING AND LOAN ASSOCIATION
No. 173 Peckham street, Buffalo, N. Y .
[Organized under Law o f 1851.
Officers
President........................
Secretary........................
Treasurer.......................
Attorney..........................
Commenced business 1891]
Names
PH ILIP ROSENKRANZ ...............
FRITZ W EISS....................................
FRED W EISS......................................
THEODORE STEEG........................
Post-office addresses
18 Sweeney Street.
569 Sycamore Street.
30 Herman Street.
1048 Genesee Street.
ASSETS
Loans on bond and m ortgage.......................
Stocks and bonds ...........................................
Cash on hand and in bank.............................
$36,838 28
2,550 00
10,275 28
$49,663 56
89
E rie County
LIABILITIES
Due shareholders, dues ......................................................................
Due shareholders, dividends credited............................. ................
Undivided profits .................................................................................
Guaranty fund ....................................................................................
Unearned or rebatable premium.......................................................
$38, 981
4,362
1, 859
1,840
2, 620
47
47
62
00
00
$49, 663 56
RECEIPTS
Ca&h on hand January 1, 1920..........................................................
Dues credited to members..................................................................
Mortgages redeemed, foreclosed or transferred to real estate. .
Fees received ........................................................................................
Interest re ce iv e d ..................................................................................
Premium received ................................................................................
$3, 896 75
26,180 57
9, 056 90
160 00
2,229 12
650 00
$42,173 34
DISBURSEMENTS
Loaned on mortgage ..........................................................................
Dues repaid on withdrawal, or applied on loans...........................
Dividends paid on withdrawal, or applied on loans....................
Paid salaries and clerk-hire ............................................................
Paid advertising, printing and postage.........................................
Paid r e n t ................................................................................................
Paid banking department, examination .......................................
Paid banking department, assessm ent...........................................
Premium repaid ...................................................................................
Cash on hand December 31, 1920......................................................
$6, 500 00
22,950 85
1, 295 84
697 00
4100
15 00
15 58
2 45
380 34
10,275 28
$42,173 34
Plan, permanent. Par value of shares, $100. Instalments are 10 cents
weekly.
Shares in force January 1, 1920, 2,533; shares issued during the year, 2,572;
shares withdrawn during the year, 2,596; shares in force, 2,509. Borrowing
members, 13, holding 421 shares; non-borrowing members, 181, holding 2,088
shares. Female shareholders, 89, holding 1,168 shares. Total dividends
credited members during the year on instalment shares, $1,620.55; rate, 4
per cent.
No unpaid withdrawals. Entrance fee, 10 cents per share. Operating
expenses, as defined in section 390 of the Banking Law, incurred and paid
during the year, $755.45.
Premium plan, gross. Interest paid by borrowing members, 6 per cent.
Premium paid by borrowing members, 10 per cent.
Loans have been made in Erie county, New York State. Largest mortgage
loan outstanding, $6,500. Mortgages in force in New York State, $36,838.28.
No foreclosures during the year.
IRISH-AM ERICAN SAVINGS AND LOAN ASSOCIATION
No. 138 Pearl street, Buffalo, N. Y.
[Organized under Law of 1851.
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney......................
Commenced business 1884]
Names
Post-office addresses
JOHN HUGHES...................................................
Buffalo, N. Y.
JOSEPH W. DOOLEY......................................
Buffalo, N. Y.
JOHN P. McDONNELL......................................
Buffalo, N. Y.
GEO. J. COCHRANE.......................................... Buffalo, N. Y.
90
R epoet on Savings and L oan A ssociations
assets
Loans on bond and m ortgage............................................................ $3,852,823 88
Loans on shares ...................................................................................
132, 377 84
Stocks and b o n d s .................................................................................
143,400 00
Cash on hand and in bank..................................................................
314,187 20
Advances for taxes, insurance, etc....................................................
13 50
Instalments due and unpaid....................................
Interest, premium, fees and fines due and un
paid ............................................................................
$1,250 00
800 00
$4,442, 804 42
LIABILITIES
Due shareholders, dues ...................................................................... $3,852,741 62
Due shareholders, dividends credited..............................................
335,754 60
Undivided profits .................................................................................
44, 308 20
Guaranty f u n d .......................................................................................
210, 000 00
$4,442,804 42
R E C E IPTS
Cash on hand January 1, 1920..........................................................
Dues credited to members............................................................
Mortgages redeemed, foreclosed or transferred to real estate. .
Loans on shares repaid.......................................................................
Fees received .........................................................................................
Fines received .......................................................................................
Interest received ...................................................................................
Dividends retained on withdrawals..................................................
Advances r e p a id ....................................................................................
Liberty loan bonds ...............................................................................
$227,993
1,627,216
424,319
113, 185
6, 786
735
237,051
6,915
42
19,200
65
02
30
74
75
18
12
83
00
00
$2,663,445 59
DISBU RSEM EN TS
Loaned on m ortg a g e......................................................... ..................
Loaned on shares .................................................................................
Dues repaid on withdrawal, or applied on loans...........................
Dividends paid on withdrawal, or applied on loans.....................
Paid matured shares ......................................................................
Paid salaries and clerk -h ire..............................................................
Paid advertising, printing and postage..........................................
Paid r e n t ................................................................................................
Paid banking department, exam in ation .........................................
Paid banking department, assessm ent...........................................
Advances for taxes, insurance, etc....................................................
Liberty loan b o n d s ...............................................................................
Appraisals ..............................................................................................
Sundry accounts ...................................................................................
A u d itin g ..................................................................................................
Interest accrued on Liberty bonds.......................................
Cash on hand December 31, 19 20 .....................................................
$843,715 00
136,739 39
793, 796 98
61, 843 55
430, 300 00
19,568 71
3,466 65
3, 300 00
569 39
123 32
9 00
50, OOO 00
3, 314 00
2,115 59
30 0(>
366 81
314,187 20
$2, 663,445 59
Plan, serial. Par value of shares, $130 Instalments are 25 cents weekly.
Shares in force January 1, 1920, 134,260; shares issued during the year,
53,209; shares withdrawn during the year, 32,660; shares in force, 154,809.
Borrowing members, 1,480, holding 18,161 shares; non-borrowing members,
8,200, holding 136,648 shares. Total dividends credited members during the
year on instalment shares, $158,373.35; rate, 6 per cent. Total dividends
91
E bie County
credited or paid in cash to members during the year on other shares, $30,37*2;
rate, 4 per cent.
No unpaid withdrawals.
Amount of shares matured during the year,
$430,300. Entrance fee, 25 cents per share. Operating expenses, as defined
in section 390 of the Banking Law, incurred and paid during the year,
$31,794.95.
Premium plan, gross. Interest paid by borrowing members, 6 per cent.
No premium charged.
Loans have been made in Erie county, New York State. Largest mortgage
loan outstanding, $28,000. Mortgages in force in New York State, $3,852,825.88. Twenty-one foreclosures during the year.
JEFFERSON SAVINGS AND LOAN ASSOCIATION
No. 1290 Jefferson Avenue, Buffalo, N. Y.
[Organized under Law of 1914.
Officers
President....................
Secretary.....................
Treasurer...................
Attorney......................
Commenced business 1915]
Names
WILLIAM G. BISHOP.........................
CHAS. W. MITCHELL........................
ALLEN L. SCHMITTER......................
FREDERICK G. BAGLEY..................
Post-office addresses
1292
Jefferson Street.
432
Wohlen Avenue.
159 Gaulding Avenue.
275
Riley Street.
ASSETS
Loans on bond and m ortgage............................................................
Loans on shares ...................................................................................
Stocks and bonds ................................................................................
Cash on hand and in bank..................................................................
$134, 880
5, 812
4, 200
16,121
00
00
00
19
$161,013 19
LIABILITIES
Due shareholders, dues ......................................................................
Due shareholders, dividends credited...............................................
Undivided profits ........................... .....................................................
Guaranty fund .....................................................................................
$143, 852
13, 474
2,435
1,250
82
85
52
00
$161,013 19
RECEIPTS
Cash on hand January 1, 1920..........................................................
Dues credited to members..................................................................
Mortgages redeemed, foreclosed or transferred to real estate. .
Loans on shares repaid......................................................... ..............
Fees received ......................
Interest received ...................................................................................
Premium r e ce iv e d .................................................................................
Dividends retained on withdrawals..................................................
Liberty loan b o n d s ..............................................................................
Dormant account .................................................................................
Suspense a cco u n t........................ '........................................................
Dividend, savings a cco u n t..................................................................
Profit and loss account........................................................................
Dividend, dues account ......................................................................
$5,102
91,442
7, 750
1, 878
440
7,244
1,440
320
3, 450
607
96
90
68
00
00
50
49
10
27
00
95
32
75
20 94
6 92
$119,801 82
DISBURSEMENTS
Loaned on m ortg a g e............................................................................
Loaned on sh a res..................................................................................
$42, 370 00
4,595 00
92
R eport on Savings and L oan A ssociations
Dues repaid on withdrawal, or applied on loans...........................
52,801
Dividends paid on withdrawal, or applied on loans.....................
1,089
Paid salaries and clerk -h ire..............................................................
1,025
Paid advertising, printing and postage........................................................... 727
Paid r e n t ........... ....................................................................................
300
Paid banking department, examination...........................................
55
Paid banking department, assessm ent...........................................
4
Suspense a cco u n t..................................................................................
91
Profit and loss account........................................................................
12
Dormant account .................................................................................
607
Cash on hand December 31, 1920......................................................
16,121
69
21
00
61
00
50
66
99
02
95
19
$119,801 82
Plan, permanent. Par value of shares, $130. Instalments are 25 cents
weekly.
Shares in force January 1, 1920, 6,261; shares issued during the year, 2,465;
shares withdrawn during the year, 1,828; shares in force, 6,898. Borrowing
members, 46, holding 669 shares; non-borrowing members, 1,016, holding
6,229 shares. Female shareholders, 631, holding 3,661 shares. Total divi
dends credited members during the year on instalment shares, $6,594.05;
rate, 6 per cent. Total dividends credited or paid in cash to members during
the year on other shares, $181.42; rate, 4 per cent.
No unpaid withdrawals. Entrance fee, 25 cents per share. Operating
expenses, as defined in section 390 of the Banking Law, incurred and paid
during the year, $2,052.61.
Premium plan, instalment. Interest paid by borrowing members, 6 per
cent. Premium paid by borrowing members, 5 cents per share.
Loans have been made in Erie county, New York State. Largest mortgage
loan putstanding, $7,500. Mortgages in force in New York State, $134,880.
No foreclosures during the year.
KENMORE SAVINGS AND LOAN ASSOCIATION
No. 2852 Delaware avenue, Kenmore, N. Y.
[Organized under Law of 1914.
Commenced business 1917]
Officers
Names
Post-office addresses
P resident....................... FRANK X. REUTER................................
Kenmore, N. Y.
Secretary.......................... JOHN S. GILBERT...................................... Kenmore, N. Y.
Treasurer........................ WILLIAM W. WHITELOCK..................... Kenmore, N. Y.
Attorney.......................... FRED J. BLACKMON............................... Buffalo, N. Y.
ASSETS
Loans on bond and mortgage........................
Loans on sh a res................................................
Stocks and bonds .............................................
Cash on hand and in bank...............................
Furniture and fix tu re s...................................
$63,875
225
1,000
1,092
240
00
00
00
53
00
$66, 432 53
LIABILITIES
Due shareholders, d u e s ................................. ....................................
Due shareholders, dividends credited................................... ..........
Borrowed m o n e y ...................................................................................
Undivided profits .................................................................... ............
Guaranty f u n d ......................................................................................
$55, 703
3,532
4,500
2, 438
258
26
06
00
39
82
$66,432
53
93
E bie County
RECEIPTS
Cash on hand January 1, 1920..........................................................
Dues credited to members............................
Money borrowed ...................................................................................
Mortgages redeemed, foreclosed or transferred to real estate. .
Loans on shares repaid............................................
Fees received .........................................................................................
Fines received .......................................................................................
Interest received ............................... ...................................................
Premium r e ce iv e d ......................................................................
Rent re ce iv e d ........................................................................................
Dividends retained on withdrawals..................................................
Liberty loan bond interest..................................................................
A p p ra isa ls....................................................... ,......................................
Dividends credited to members..........................................................
Guaranty fund transfer ....................................................................
Surplus transfer ...................................................................................
$52
24,534
10,100
2,125
200
239
44
2, 873
487
36
28
83
50
2, 095
129
366
52
01
00
00
00
75
54
48
63
00
19
96
00
54
58
53
$43,446 73
DISBURSEMENTS
Loaned on m o rtg a g e ............................................................................
Loaned on shares .................................................................................
Dues repaid on withdrawal, or applied on loans........................ .
Dividends paid on withdrawal, or applied on loans...................
Paid borrowed money and prior mortgages.................................
Paid interest on borrowed money andprior mortgages..............
Paid salaries and clerk-hire................................................................
Paid advertising, printing andpostage...........................................
Paid r e n t ...................
Paid banking department, assessm en t..........................
Officers’ bonds ....................................................................
Liberty loan bonds ..............................................................................
A p p ra isa ls..............................................................................................
Dividends credited to members..........................................................
Transfer to guaranty fu n d..................................................................
Transfer to surplus .................................................................
Profit and loss, theft............................................................................
Cash on hand December 31, 1920......................................................
$25,100
225
3,807
161
9, 300
132
223
153
50
2
8
550
22
2, 095
129
366
25
1, 092
00
00
75
39
00
88
75
95
00
33
00
00
50
54
58
53
00
53
$43,446 73
Plan, permanent. Par value of shares, $125. Instalments are 25 cents
weekly.
Shares in force January 1,1920,1,549; shares issued during the year, 1,037;
shares withdrawn during the year, 170; shares in force, 2,416. * Borrowing
members, 24, holding 509 shares; non-borrowing members, 239, holding 1,907
shares. Female shareholders, 103, holding 617 shares. Total dividends
credited members during the year on instalment shares, $2,032.38; rate, 6
per cent. Total dividends credited or paid in cash to members during the
year on other shares, $63.16; rate, 4 per cent, and 6 per cent.
No unpaid withdrawals. Entrance fee, 25 cents per share. Operating
expenses, as defined in section 390 of the Banking Law, incurred and paid
during the year, $460.70.
Premium plan, premium-interest. Interest paid by borrowing members, 6
per cent. Premium paid by borrowing members, 2 % cents per share per
week.
Loans have been made in Erie county, New York State. Largest mortgage
loan outstanding, $7,000. Mortgages in force in New York State, $63,875.
No foreclosures during the year.
94
R epoet ok Savings and L oan A ssociations
LA C K A W A N N A SAVINGS AND LOAN ASSOCIATION
No. 955 Ridge road, Lackawanna, N. Y.
{Organized under Law o f 1914.
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney......................
Commenced business 1914]
Names
Post-office addresses
TALMADGE BLASS................................... Lackawanna.N. Y.
MARTIN T. RYAN........................................ Lackawanna.N. Y.
MARTIN I. DELANEY................................ Lackawanna.N. Y.
JOHN J. SULLIVAN.................................... Lackawanna,N. Y.
ASSETS
Loans on bond and mortgage............................................................
Loans on shares ...................................................................................
Stocks and bonds .................................................................................
Cash on hand and in bank..................................................................
$27,100
1, 500
500
1, 325
00
00
00
67
$30,425 67
LIABILITIES
Due shareholders, dues ......................................................................
Due shareholders, dividends credited..............................................
Undivided profits ..........
Guaranty fund .....................................................................................
Suspense account .................................................................................
$26,653
3,424
114
221
11
24
84
55
54
50
$30,425 67
RECEIPTS
Cash on hand January 1, 1020..........................................................
Dues credited to members..................................................................
Money borrowed ................................... ...............................................
Mortgages redeemed, foreclosed or transferred to real estate..
Fees received .........................................................................................
Fines received .......................................................................................
Dividends retained on withdrawals..................................................
Dividends transferred ........................................................................
$1, 727
10,436
5,500
3, 000
8
1, 475
7
90
33
00
00
00
49
84
02
$23, 055 58
DISBURSEMENTS
Loaned on mortgage ..........................................................................
Loaned on shares ........................................................ .......................
Dues repaid on withdrawal, or applied on loans...........................
Dividends paid on withdrawal, or applied on loans.....................
Paid borrowed money and prior mortgages...................................
Paid interest on borrowed money and prior mortgages...........
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage.........................................
Paid banking department, exam ination ............
Paid banking department, assessm ent..........................................
Advances for taxes, insurance, etc....................................................
Cash on hand December 31, 1920................................................
$9,000
800
5, 992
244
5, 500
83
55
4
*9
1
37
1, 325
00
00
84
90
00
20
00
99
69
79
50
67
$23,055 58
Plan, permanent. Par value of shares, $100. Instalments are 50 cents
monthly.
Shares in force January 1, 1920, 1,169; shares issued during the year, 240;
shares withdrawn during the year, 132; shares in force, 1,277. Borrowing
members, 21, holding 375 shares; non-borrowing members, 68, holding 902
E rie County
95
shares. Female shareholders, 12, holding 17!0 shares. Total dividends cred
ited members during the year on instalment shares, $1,119.26; rate, 5 per
cent. Total dividends credited or paid in cash to members during the year
on other shares, $89.58; rate, 3% per cent, and 5 per cent.
No unpaid withdrawals. Membership fee, $1. Operating expenses, as
defined in section 390 of the Banking Law, incurred and paid during the
year, $61.78.
No premium plan. Interest paid by borrowing members, 6 per cent. No
premium charged.
Loans have been made in Erie county, New York State. Largest mortgage
loan outstanding, $3,500. Mortgages in force in New York State, $27,100.
No foreclosures during the year.
LINCOLN SAVINGS AND LOAN ASSOCIATION
No. 568 East Genesee street, Buffalo, N. Y.
[Organized under Law of 1894.
Officers
President....................
Secretary.....................
Treasurer...................
Attorney.....................
Commenced business 1898]
Names
Post-office addresses
MICHAEL KUNTZ............................ 295 Grey Street.
ARNOLD L. EATON..................... M. & T. National Bank.
ANDREW YOUNG . . . . . . ..............
5826
East Genesee Street.
L. P. HANCOCK.................................. Erie Co. Bank Bldg.
ASSETS
Loans on bond and mortgage.......................
Loans on shares .............................................
Stocks and bonds ...........................................
Contracts for the sale of real estate..........
Cash on hand and in bank...........................
Furniture and fixtures .................................
$56,170
200
1, 000
1,600
7, 562
163
00
00
00
00
42
20
$66,695 62
LIABILITIES
Due shareholders, dues ............ .. ......................................................
Due shareholders, dividends credited....................................... . ..
Undivided profits .................................................................................
Guaranty f u n d ......................................... .............................................
$58, 615
5,515
1, 565
1,000
22
38
02
00
$66,695 62
RECEIPTS
Cash on hand January 1, 1920..........................................................
Dues credited to members..................................................................
Mortgages redeemed, foreclosed or transferred to real estate. .
Loans on shares repaid......................................................................
Fees received .........................................................................................
Interest received ..................................................................................
Premium r e ce iv e d ................................................................................
Real estate c o n tr a c t............................................................................
$5, 387
59,022
8, 070
500
45
3,021
58
100
12
58
00
00
00
75
28
00
$76, 204 73
DISBURSEMENTS
Loaned on mortgage ..........................................................................
Loaned on shares ................................................................................
Dues repaid on withdrawal, or applied on loans.........................
Dividends paid on withdrawal, or applied on loans...................
Paid salaries and clerk-hire ............................................................
Paid advertising, printing and postage.........................................
$21, 700
400
44, 677
783
74®
17
00
00
91
81
67
00
96
R eport on Savings and L oan A ssociations
Paid rent ...............................................................................................
Paid banking department, examination.......... ..............................
Paid banking department, assessment .........................................
Officers’ bonds ................................................................
Su n dries.......................
Cash on hand December 31, 1920 ......................................................
$224
19
2
8
59
7,562
00
33
62
00
97
42
$76, 204 73
Plan, permanent. Par value of shares, $50 and $130. Instalments are 10
cents and 25 cents weekly.
Shares in force January 1, 1920, 2,667; shares issued during the year, 1,136;
shares withdrawn during the year, 934; shares in force, 2,869. Borrowing
members, 29, holding 433 shares; non-borrowing members, 512, holding 2,436
shares. Female shareholders, 280, holding 1,306 shares. Total dividends
credited members during the year on instalment shares, $1,767.63; rate, 4
per cent.
No unpaid withdrawals. Membership fee, 10 and 25 cents per member.
Operating expenses, as defined in section 390 of the Banking Law, incurred
and .paid during the year, $1,058.64.
Premium plan, instalment. Interest paid by borrowing members, 6 per
cent. Premium paid by borrowing members, 1 per cent.
Loans have been made in Erie county, New York State. Largest mortgage
loan outstanding, $5,500. Mortgages in force in New York State, $56,170.
No foreclosures during the year.
LOVE JOY PERM ANENT DIME SAVINGS AND LOAN ASSOCIATION
No. 668 W illiam street, Buffalo, N. Y.
[Organized under Law o f 1851.
Officers
President.....................
Secretary.....................
Treasurer....................
Attorney......................
Commenced business 1891]
Names
CHARLES LOWENSTBIN...............
CHARLES L K O ^PF........................
HENRY SCHMIDT.............................
J. ADAM W EISS.................................
Post-office addresses
76 Colfax Avenue.
2244 Bailey Ave.
38 Blake St.
606 Mutual l i f e Bldg
ASSETS
Loans on bond and m ortgage...........................................................
Loans on shares.....................................................................................
Stocks and bonds...................................................................................
Cash on hand and in bank................................................................
$37,148
3,440
1,000
6,220
75
00
00
82
$47,809 57
LIABILITIES
Due shareholders, dues........................................................................
Due shareholders, dividends credited...............................................
Undivided profits..................................................................................
Guaranty fu nd.......................................................................................
Unearned or rebatable premium......................................................
$39,843
3,491
409
1,225
2,838
72
52
72
86
75
$47,809 57
RECEIPTS
Cash on hand January 1, 1920..........................................................
D ji^s credited to members..................................................................
Mortgages redeemed, foreclosed or transferred to real esta te ..
$11,714 55
29,517 65
3,532 50
E r ie
97
C ounty
Loans on shares repaid....................
Fees received.........................................................................................
Fines received.........................................................................................
Interest received...................................................................................
Premium received.................................................................................
Adjustment ...........................................................................................
$967
235
11
2,228
1,081
7
56
90
10
00
05
00
$49,295 25
DISBURSEMENTS
Loaned on mortgage................
Loaned on shares.................................................................................
Dues repaid on withdrawal, or applied on loans...........................
Dividends paid on withdrawal, or applied on loans..................
Paid salaries and clerk-hire................................................................
Paid advertising, printing and postage.........................................
Paid rent.....................................
Paid banking department, assessment...........................................
Officers’ bond.........................................................................................
Moving safe...........................................................................................
Appraisal committee...................................................................
Safe deposit b ox ..................................................................................
Cash on hand December 31, 1920....................................................
$13,061
2,580
25,058
1,676
589
2
60
2
12
.5
23
5
6,220
25
00
36
50
00
00
00
32
00
00
00
00
82
$49,295 25
Plan, permanent. Par value of shares, $100. Instalments are 10 cents
weekly.
Shares in force January 1, 1920, 4,673; shares issued during the year,
2,884; shares withdrawn during the year, 1,803; shares in force, 5,754.
Borrowing members, 23, holding 769 shares; non-borrowing members, 258,
holding 4,1985 shares. Female shareholders, 154, holding 2,224 shares. Total
dividends credited members during the year on instalment shares, $1,997.24;
rates, 6 per cent.
No unpaid withdrawals. Entrance fee, 5 cents and 10 cents per share.
Operating expenses, as definedi in section 390 of the Banking Law, incurred
and paid during the year, $696.
Premium plan, gross. Interest paid by borrowing members, 6 per cent.
Premium paid by borrowing members, 7% per cent.
Loans have been made in Erie county, New York State. Largest mortgage
loan outstanding, $3,977.50. Mortgages in force in New York State, $37,148.
N o foreclosures during the year.
NIAGARA SAVINGS AND LOAN ASSOCIATION
No. 2 Main street, Tonawanda, N. Y.
[Organized under Law o f 1891.
Officers
President.....................
Secretary.....................
Treasurer....................
Attorney......................
Commenced business 1890]
Names
Post-office addresses
FRED ENQELKING..................................... Tonawanda, N. Y.
EDWARD W. BETTS. .................................. Tonawanda, N. Y.
CHARLES ZU C K M A IE R ............................ Tonawanda, N. Y.
JOHN K. PATTON.......................................
Tonawanda, N. Y.
ASSETS
Loans on bond and m ortgage.............................................................. $1,618,900 43
Loans on shares...................................................................................
20,540 00
Stocks and bonds.................................................................................
49,249 00
4
98
R epoet on Sayings and L oan A ssociations
Cash on hand and in bank................................................................
Furniture and fixtures.........................................................................
Advances for taxes, insurance, e tc ................................. ................
Instalments due and unpaid....................................
Interest, premium, fees and fnes due and un
paid ............................................................................
$16,421 97
1,000 00
32 27
$2,184 50
886 65
$1,706,143 67
LIABILITIES
Due shareholders, dues...................................
$1,363,708 00
Due shareholders,dividends credited................................................
205,380 67
40,000 00
Borrowed monfey................
18,042 47
Undivided profits............ ......................................................................
Guaranty fu n d..............................................•........................................
'79,000 00
Suspense account...................................................................................
12 53
$1,706,143 67
EECEIPTS
Cash on hand January 1, 1920........
Dues credited to members................................................................
Money borrowed...................................................................................
Mortgages redeemed, foreclosed or transferred to real esta te..
Loans on shares repaid......................................................................
Fees received...........................................................................................
Fines received.......................................................................................
Interest received...................................................................................
Premium received.................................................................................
Dividends retained on withdrawals................................................
Advances repaid...................................................................................
Sale of awning.......................................................................................
$3,327
528,337
70,000
219,050
17,354
3,924
1,143
93,713
11,729
3, 199
232
9
97
50
00
00
00
25
62
16
56
76
17
75
$952,021 74
DISBURSEMENTS
Loaned on mortgage.............................................................................
Loaned on sh ares................................................................................
Dues repaid on withdrawal, or applied on loans.........................
Dividends paid on withdrawal, or applied on loans...................
Cash dividends paid on income and accumulative prepaid
shares .................................................................................................
Paid matured shares............................................................................
Paid borrowed money and prior mortgages.................................
Paid interest on borrowed money and prior mortgages............
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage.........................................
Paid rent.................................................................................................
Paid banking department, examination.........................................
Paid banking department, assessment............................................
Officers’ bond.........................................................................................
Advances for taxes, insurance, e tc.............; .....................................
State League dues.................................................................................
Janitor service......................................................................................
Stationery .............................................................................................
Lighting .................................................................................................
Directors ..........................................................................
Furniture and fixtures........................................................................
Window signs.........................................................................................
Sundries ......................... ....: ..................................................................
Cash on hand December 31, 1920....................................................
$430,560
23,450
125,012
10,284
00
00
25
46
75
219,050
110,000
4,790
5,925
389
630
144
47
103
216
17
89
440
28
2,776
1,464
50
53
16,421
55
00
00
87
44
89
00
11
47
45
75
00
04
73
39
00
42
00
95
97
$952,021 74
E r ie
99
C ounty
Plan, serial. Par value of shares, $130. Instalments are 25 cents weekly.
Shares in force January 1, 1920, 31,761; shares issued during the year,
15,389; shares withdrawn during the year, 7,684; shares in force, 39,466.
Borrowing members, 924, holding 12,338 shares; non-borrowing members,
3,003, holding 27,128 shares. Female shareholders, 1,661, holding 11,093
shares. Total dividends credited members during the year on instalment
shares, $84,337.22; rate, 6% per cent. Total dividends credited or paid in
cash to members during the year on other shares, $2,151.67; rate, 4 per cent,
and 6% per cent.
No unpaid withdrawals. Amount of shares matured during the year,
82,190.50. Entrance fee, 25 cents per share. Operating expenses, as defined
in section 390 of the Banking Law, incurred and paid during the vear,
$10,453.15.
Premium plan, instalment. Interest paid by borrowing members, 6 per
cent. Premium paid by borrowing members, 3 cents per share per week.
ILoans have been made in Erie and Niagara counties, New York State.
Largest mortgage loan outstanding, $12,090. Mortgages in force in New
York State, $1,618,900. No foreclosures during the year.
NORTH M AIN SAVINGS AND LOAN ASSOCIATION
No. 3276 Main street, Buffalo, N. Y.
[Organized under Law of 1914.
Officers
President.........................
Secretary..........................
Treasurer................... ..
Attorney..........................
Commenced business 1920]
Names
FRED J. COLLINS..........................
ADRIAN M. FA T H ............................
DENT B. FRAYER...........................
RAYMOND G. VOGHT...................
Post-office addresses
3205 Main Street.
37 Heath Street.
3276 Main Street.
Mutual Life Bldg.
ASSETS
Loans on shares.....................................................................................
Cash on hand and in bank................................................................
Profit and loss.......................................................................................
$74 00
3,313 29
113 21
$3,500 50
LIABILITIES
Due shareholders, dues......................................................................
Borrowed money .................................................................................
Cash over in bank...............................................................................
Printing and stationery......................................................................
$3,391
85
1
23
50
OO
00
00
$3,500 50
RECEIPTS
Dues credited to members.................................
Money borrowed....................................................
Fees received..........................................................
Interest received..................................................
Premium received................................................
Cash over in bank..............................................
Appraisal ..............................................................
$3,545
85
102
1
75
00
50
75
02
1 00
20 00
$3,756 02
DISBURSEMENTS
Loaned on shares .................................................................. ..............
Dues repaid on withdrawal, or applied on loans.......... ".............
$74 00
154 25
100
R eport on Savings and L oan A ssociations
Paid advertising, printing andpostage.............................................
Officers’ bonds .....................................................................................
Attorney ................................
Appraisal refunded .............................................................................
Cash on hand December 31,1920........................................................
$129
15
50
20
3,313
48
00
00
00
29
$3,756 02
Plan, permanent. Par value of shares, $130. Instalments are 25 cents
weekly.
Shares in force January 1, 1920, none; shares issued during the year, 874;
shares withdrawn during the year, 27; shares in force, 847. Borrowing
members, 2, holding 32 shares; non-borrowing members, 121, holding 815
shares. Female shareholders, 54, holding 240 shares.
No unpaid withdrawals. Entrance fee, 2(> cents per share, $1 maximum.
Operating expenses, as defined in section 390 of the Banking Law, incurred
and paid during the year, $194.48. Operating expenses, as defined in section
390 of the Banking Law, incurred during the year and remaining unpaid, $23.
Premium plan, premium-interest. Interest paid by borrowing members,
6 per cent. Premium paid by borrowing members, 2 per cent.
No loans have been made.
PARKSIDE SAVINGS AND LOAN ASSOCIATION
No. 1523 Hertel avenue, Buffalo, N. Y.
[Organized under Law of 1914.
Officers
President..
Secretary. .
Treasurer..
Attorney. . .
Commenced business 1920]
Names
WILLIAM C. SHEPARD........
EDWARD F. NEWBECKER. .
H. F. RYCROFT.......................
GLENN A. IRVIN .....................
Post-office addresses
174 Wallace Ave.
320 Colvin Street.
1523 Hertel Ave.
Chamber of Commerce Bldg.
ASSETS
Loans on bond and mortgage............................................................
Loans on shares .................................................................................
Cash on hand and in bank................................................................
Furniture and fixtures .......................................................................
$9,100
133
1,120
20
00
00
77
00
$10,373 77
LIABILITIES
Due shareholders, d u e s ...................................................................
Due shareholders,dividends credited................................................
Undivided profits
...........................................................................
Pass books ...........................................
Secretary’s salary
........................................................................
$10,180
79
14
50
50
31
35
11
00
00
$10,373 77
RECEIPTS
Dues credited to m em bers.................................
Fees received ........ .............................................
Fines r e ce iv e d ........ .............................................
Interest received ...............................................
Premium received .............................................
$10,757
379
3
169
39
06
25
20
57
95
$11,349 03
E
b ie
101
C ounty
DISBURSEMENTS
$9, 100
133
576
50
247
5
39
32
24
20
1,120
Loaned on mortgage ........................................................................
Loaned on shares ................................................................................
Dues repaid on withdrawal, or applied on loans.......................
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage.........................................
Paid r e n t ................................................................................................
Paid banking departm en t..................................................................
Advances for taxes, insurance, etc....................................................
Signs .......................................................................................................
Safe .........................................................................................................
Cash on hand December 31, 1920....................................................
00
00
75
00
36
00
25
00
90
00
77
$11,349 03
Plan, permanent. Par value of shares, $130. Instalments are 25 cents
weekly.
Shares in force January 1, 1920, none; shares issued during the year, 1,525;
shares withdrawn during the year, 10 1;, shares in force, 1,424. Borrowing
members, 6 holding 90 shares; non-borrowing members, ISO, holding, 1.334
shares. Female shareholders, 65, holding 376 shares. Total dividends c:edited
members during the year on instalment shares, $71.32; rate, 5 per cent. Total
dividends credited or paid in cash to members during the year on other shares,
$8.03; rate, 4 per cent.
No unpaid withdrawals. Entrance fee, 25 cents per share. Operating
expenses, as defined in section 390 of the Banking Law, incurred and paid
during the year, $327.26. Operating expenses, as defined in section 390 of
the Banking Law, incurred during the year and remaining unpaid, $100.
Premium plan, installment. Interest paid by borrowing members, 6 per
cent. Premium paid by borrowing members, 5 cents per share.
Loans have been made in Erie county, New York State. Largest mortgage
loan outstanding, $5,070. Mortgages in force in New York State, $9,100. No
foreclosures during the year.
TH E PEOPLE’S DIME SAVINGS AND LOAN ASSOCIATION No. 2
No. 338 Genesee street, Buffalo, N. Y.
[Organized under Law of 1851.
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................
Commenced business 1890]
Names
GEORGE J. FL IERL...............................
FRED SCHULTZ..................... ................
A. C. KRANICHFBLD.............................
J. J. STEIN..............................................
Post-office addresses
40 Winslow Avenue
106 Cherry Street.
434* Genesee Street.
Brisbane Building.
ASSETS
Loans on bond and m o r tg a g e ..........................................................
Stocks and bonds ..............................................................................
Real e s t a t e .............................................................................................
Cash on hand and in bank ..............................................................
Furniture and fix tu re s........................................................................
$116,800
5, 000
6, 400
11,595
300
00
00
00
97
00
$140, 095 97
LIABILITIES
Due shareholders, dues ....................................................................
Due shareholders, dividends credited .............................................
Undivided profits .................................................................................
Guaranty fund ....................................................................................
$123,501
10, 525
2, 858
3, 210
70
47
80
00
$140,095 97
102
R eport on Savings and L oan A ssociations
r e c e ip t s
Cash on hand January 1, 1920 ........................................................
Dues credited to members ................................................................
Money borrowed ...................................................................................
Mortgages redeemed, foreclosed or transferred to real estate. .
Fees received ........................................................................................
Fines received ......................................................................................
Interest received ..................................................................................
Rent received .......................................................................................
Dividends retained on withdrawals ................................................
$10, 970 49
87,859 80
10,000 00
23,100
415
136
7,232
490
649
00
40
06
40
00
33
$140, 853 48
DISBU RSEM EN TS
Loaned on mortgage .............................................................................
Dues repaid on withdrawal, or applied on lo a n s .......................
Dividends paid on withdrawal, or applied on lo a n s ...................
Paid borrowed money and prior mortgages .................................
Paid interest on borrowed money and prior mortgages ..........
Paid salaries and clerk-hire ............................................. ..............
Paid advertising, printing and postage .......................................
Paid repairs to real e s t a t e ................................................................
Paid taxes, insurance, etc..................................................................
Paid banking department, examination .......................................
Paid banking department, assessment .........................................
Officers’ bonds ......................................................................
State League dues ...............................................................................
Light, water and fuel ......................................................................
Heater ....................................................................................................
S u n d rie s.................................................................................................
Cash on hand December 31, 1920 ....................................................
$38, 600
73, 810
3, 822
10, 000
229
2,149
59
197
187
28
4
12.
6
68
26
55
11,595
00
70
85
00
73
20
00
49
31
00
91
00
00
85
25
22
97
$140,853 48
Plan, permanent. Par value of shares, $100. Instalments are 10 cents
weekly.
Shares in force January 1, 1920, 15,692; shares issued during the year,
4,154; shares withdrawn during the year, 2,987; shares in force, 16,859.
Borrowing members, 57, holding 1,422 shares; non-borrowing members, 801,
holding 15,437 shares.
Female shareholders, 534, holding 9,010 shares.
Total dividends credited members during the year on instalment shares,
$5,138.68; rate 5 per cent.
No unpaid withdrawals. Entrance fee, 10 cents per share. Operating
expenses, as defined in section 390 of the Banking Law, incurred and paid
during the year, $2,376.52.
No premium plan. Interest paid by borrowing members, 6 per cent. No
premium charged.
Loans have been made in Erie county. New York State. Largest mortgage
loan outstanding, $7,500. Mortgages in force in New York State, $116,800.
No foreclosures during the year.
POLISH CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION
No. 615 Fillmore avenue, Buffalo, N. Y.
[Organized under Law of 1894.
Officers
President... . . ' . .........
Secretary.....................
Treasurer....................
Attorney......................
Commenced business 1909]
Names
ANTHONY SCHREIBER....................
STANISLAUS S. NOWICKI.................
STANISLAUS LIPOWICZ....................
PETER B. SMOKO W SKI...................
Post-office addresses
East Aurora.
615 Fillmore Avenue.
347 Peckham Street.
875 Fillmore Avenue.
E r ie
C ounty
103
ASSETS
Loans on bond and mortgage ..........................................................
Loans on s h a r e s ......................... .........................................................
Stocks and bonds ................................................................................
Cash on hand and in bank ...............................................................
Furniture and fixtures ......................................................................
Interest, premium, fees and fines due and u n p a id ...................
$355, 525
1 1 , 960
87,152
38, 442
674
2, 595
00
00
98
90
40
42
$496, 350 70
LIABILITIES
Due shareholders, d u e s ......................................................................
Due shareholders, matured s h a r e s ..................................................
Undivided profits ................................................................................
Guaranty fund .....................................................................................
Unearned or rebatable p re m iu m ......................................................
$477, 269 20
3, 901 87
11,439 58
3, 500'00
240 05
$496,350 70
RECEIPTS
Cash on hand January 1, 1920 ........................................................
Dues credited to members ................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares repaid .....................................................................
Fees received ........................................................................................
Interest re ce iv e d ...................................................................................
Premium receiv ed .................................................................................
U. S. Treasury certificates of indebtedness .................................
Liberty loan b o n d s ..............................................................................
$36, 612
398, 404
37,715
1, 300
194
21, 516
47
30, 000
2, 797
44
53
00
00
75
51
00
00
00
$528,587 23
DISBURSEMENTS
Loaned on mortgage ..........................................................................
Loaned on shares ...............................................................................
Dues repaid on withdrawal, or applied on l o a n s .......................
Dividends paid on withdrawal, or applied on loans ................
Paid salaries and clerk-hire ............................................................
Paid rent ...............................................................................................
Paid banking department, examination .......................................
Paid banking department, assessment .........................................
Liberty loan bonds .............................................................................
U. S. Treasury Certificates of Indebtedness.................................
Railroad bonds .....................................................................................
Cash on hand December 31, 1920 ....................................................
$84,150
5, 070
283, 563
17, 017
2, 557
1, 447
25
13
12, 518
70, 000
13, 781
38, 442
00
00
57
13
50
77
45
01
65
00
28
90
$528,587 23
Plan, permanent. Par value of shares, $130. Instalments are 25 cents
weekly.
Shares in force January 1, 1920, 30,930; shares issued during the year,
15,788; shares withdrawn during the year, 12,244; shares in force, 34,474.
Borrowing members, 7, holding 68 shares; non-borrowing members, 1,087,
holding 34,406 shares. Female shareholders, 396, holding 10,331 shares.
Total dividends credited members during the year on instalment shares,
$1,610,22; rate 5 per cent.
No unpaid withdrawals. Entrance fee, 25 cents per share. Operating
expenses, as defined in section 390 of the Banking Law, incurred and paid
during the year, $4,005.27. Operating expenses, as defined in section 390
of the Banking Law, incurred during the year and remaining unpaid, $500.
Premium plan, gross. Interest paid by borrowing members, 6 per cent.
Premium paid by borrowing members, $4 per share.
Loans have been made in Erie, Niagara and Genesee counties, New York
State. Largest mortgage loan outstanding, $12,000. Mortgages in force in
New York State, $355,525. No foreclosures during the year.
104
R epoet on Savings and L oan A ssociations
RIVERSIDE CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION
No. 1911 Niagara street, Buffalo, N. Y.
[Organized under Law o f 1894.
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney......................
Commenced business 1895]
Names
WILLIAM BBANDT..................
FRANK M. ROESSLER...........
GEORGE DEHLINGER.........
JOHN S. DRUAR....................
Post-office addresses
588 Tonowanda Street.
27 Farmer Street.
4 Hartman Place.
602 Erie Co. Say. Bk. Bldg.
ASSETS
Loans on bond and mortgage............................................................
Loans on shares ...................................................................................
Stocks and bonds .................................................................................
Real' e s t a t e ............................................................................................
Cash on hand and in bank ..............................................................
Furniture and fixtures ......................................................................
Advances for taxes, insurance, e tc ...............................................
$504,150
50
597
7, 815
61, 520
1, 350
17
00
00
99
96
75
00
14
$575,501 84
LIABILITIES
Due shareholders, dues and dividends............................................
Due shareholders, matured shares ..................................................
Balance to be paid borrowers on mortgage loans.......................
Undivided profits .............................................................................
Guaranty fund ......................... ...........................................................
$531,607
2 1, 859
100
13,834
8,100
36
62
00
86
00
$575,501 84
RECEIPTS
Cash on hand January 1, 1920..........................................................
Dues credited to members ................................................................
Mortgages redeemed, foreclosed or transferred to real estate.
Loans on shares repaid .......... .........................................................
Fines received .....................................................................................
Interest received .................................................................................
Premium receiv ed .................................................................................
Rent r e ce iv e d ........................................................................................
Dividends retained on withdrawals ................................................
Advances repaid ..............................
Liberty loan b o n d s ...............................................................................
F u e l..........................................................................................................
Collection on draft .............................................................................
Appraisals . . . .....................................................................................
$58,422
514, 064
76, 350
3,500
25,314
5,883
620
351
2
5, 750
37
294
45
87
00
OO
84
66
64
00
34
50
00
17
50
00
$690,591 97
DISBURSEMENTS
Loaned on mortgage ...........................................................................
Loaned on shares .......................................................... ......................
Dues repaid on withdrawal, or applied on loans.........................
Paid matured s h a r e s ...........................................................................
Paid salaries and clerk-hire............................................................
Paid advertising, printing and postage........................................
Paid repairs to real estate........................... ....................................
Paid taxes, insurance, etc...................................................................
Paid banking department, examination........................................
Paid banking department, assessment............................................
Advances for taxes, insurance, e tc ........................... .........................
$199, 600
3,500
405,357
14,902
3, 799
296
208
196
73
15
12
00
00
66
41
00
15
28
96
00
49
40
E r ie
105
C ounty
$8
61
296
171
10
24
152
66
32
200
50
34
61, 520
State League, d u e s ............................... . .............................................
Telephone ...............................................................................................
A p p ra isa ls.....................................................................
Heat and light .....................................................................................
Safe deposit b o x ...................................................................................
Interest and premium; refunded ......................................................
Officers’ bonds, burglary and fire insurance.................................
Janitor ...................................................................................................
Water ....................................................................................................
S a f e ..........................................................................................................
T y p ew riter..............................................................................................
S u n d ries.....................................
Cash on hand December 31, 1920 ....................................................
00
97
00
54
00
30
69
00
50
00
00
87
75
$690,591 97
Plan,p ermanent. Par value of shares, $100. Instalments are 12% cents
and 25 cents weekly.
Shares in force January 1, 1920, 17,672; shares issued during the year,
8,689; shares withdrawn during the year, 4,518; shares in force, 21,843.
Borrowing members, 218, holding 6,110 shares; non-borrowing members, 1,765,
holding 15,733 shares. Total dividends credited members during the year on
instalment shares, $14,367.57; rate, 5 per cent. Total dividends credited
or paid in cash to members during the year on other shares, $5,895.41; rate,
4 per cent.
No unpaid withdrawals. Amount of shares matured during the year,
$6,667.38. Operating expenses, as defined in section 390 of the Banking Law,
incurred and paid during the year, $4,615.71.
Premium plan, instalment. Interest paid by borrowing members, 5 1/5
per cent, and 6 per cent. Premium paid by borrowing members, 3 cents
per share.
Loans have been made in Erie county, New York State. Largest mortgage
loan outstanding, $8,000. Mortgages in force in New York State, $504,160.
No foreclosures during the year.
SCHILLER PARK SAVINGS AND LOAN ASSOCIATION.
No. 2117 East Genesee street, Buffalo, N. Y.
[Organized under Law of 1914.
Officers
President.....................
Secretary.....................
Treasurer....................
Attorney......................
Commenced business 1917]
Names
FRED BRENNER ...................
CHAS. GEIGLE ......................
ERNEST F. STORCK.............
J. ADAM W E IS S ............... ..
Post-office addresses
Thornton Street.
92 Floss Avenue.
2195 Genesee Street.
606 Mutual Life Bldg.
ASSETS
Loans on bond and m o r tg a g e ............................................................
Stocks and bonds ...............................................................................
Cash on hand and in b a n k ................................................................
$28,470 06
1,000 00
9,156 13
$38,626 13
LIABILITIES
Due shareholders, dues ....................................................................
Due shareholders, dividends credited................................................
Undivided profits ............
Guaranty f u n d ...........................................................................
Unearned or rebatable premium ....................................................
$36,162
1,379
703
95
284
96
52
47
48
70
$38,626 13
106
R eport
ok-
S a y in g s
L oan
and
A s s o c ia t io n s
r e c e ip t s
Cash on hand January 1, 1920........................................................
Dues credited to members . .. . ........................................................
Mortgages redeemed, foreclosed or transferred to real esta te..
Fees received .........................................................................................
Fines received .......................................................................................
Interest received .................................................................................
Premium received ...............................................................................
$5, 815
44, 988
2, 730
132
31
1,575
114
9®
28
00
25
35
85
40
$55,388 12
DISBURSEMENTS
Loaned on mortgage ...........................................................................
Dues repaid on withdrawal, or applied on loans...........................
Dividends paid on withdrawal, or applied on loans.................
Paid salaries and clerk-hire ...........................................................
Paid advertising, printing and postage........................................
Paid banking department, examination........................................
Paid banking department, assessment..........................................
Cash on hand December 31, 1920....................................................
$8, 840
36,703
271
249
156
9
1
9,156
00
07
83
40
15
60
94
13
$55,388 12
Plan, permanent. Par value of shares, $130. Instalments are 25 cents
weekly.
Shares in force January 1, 1920, 1,865; shares issued during the year, 732 ;
shares withdrawn during the year, 451; shares in force, 2,146. Borrowing
members, 13, holding 201 shares; non-borrowing members, 336, holding 1,945
shares. Female shareholders, 139, holding 949 shares.
Total dividends
credited members during the year on instalment shares, $797.94; rate, 4
per cent. Total dividends credited or paid in cash to members during the
year on other shares, $77.29; rate 3 per cent.
N o unpaid withdrawals. Entrance fee, 25 cents per share. Operating
expenses, as defined in section 390 of the Banking Law, incurred and paid
during the year, $405.55.
Premium plan, gross. Interest paid by borrowing members, 6 per cent.
Premium paid by borrowing members, 1 per cent.
Loans have been made in Erie county, New York State. Largest mortgage
loan outstanding, $4,030. Mortgages in force in New York State, $28,470.
No foreclosures during the year.
SECURITY SAYINGS AND LOAN ASSOCIATION OF BUFFALO, N. Y .
No. 206 Pearl street, Buffalo, N. Y.
[Organized under Law o f 1910.
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney......................
Commenced business 1912]
Names
Post-office addresses
FERDINAND G R IM M ................ 316 Terrace.
FREDERICK BENNETT......... 11 East Utica Street.
JOHN E. SCHUESLER........... 1657 Broadway.
JOSEPH A. WHCHTER...........
809 Chamber of Commerce.
ASSETS
Loans on bond and mortgage............................................................
Loans on shares ...................................................................................
Stocks and bonds.................................................................................
Cash on hand and in bank................................................................
Furniture and fixtures......................................................................
Advances 3tor taxes, insurance, e t c . . . . .........................................
$228,386
31,019
4,350
6,821
137
139
00
00
00
29
80
93
$270,854 02
E r ie
C ounty
107
LIABILITIES
Due shareholders, dues.....................................................................
Due shareholders, dividends credited........................ ....................
Due shareholders,matured shares....................................................
Undivided profits
.........................................................................
Guaranty fund ...................................................................................
Rent .......................................................................................................
$207,710
34,356
17,998
6,890
3,858
40
25
22
94
35
26
00
$270,854 02
RECEIPTS
Cash on hand January 1, 1920........................................................
Dues credited to members................................................................
Money 'borrowed .........................'....................................'.................
Moitgagcs redeemed, foreclosed or transferred to real estate. .
Loans bn shares repaid....................................................................
Fees received .......................................................................................
Fines received .....................................................................................
Interest received ................................................................................
Premium received ..................................
Dividends retained on withdrawals...............................................
Advances repaid .................................................................................
Liberty loan 'bonds.................................
Appraisals ...........................................................................................
Discharge o f mortgage........................................................................
Search fee refunded.................................................................
$3,355 31
75,972
IS ,500 00
29,234 00
28,651 00
168 70
91 43
16,554 07
3,306 73
545 12
132 41
800 00
36 00
19 50
18 00
$177,385 02
DISBURSEMENTS
Loaned on mortgage............................................................................
Loaned on shares................................................................................
Dues repaid on withdrawal, or applied on loans.......................
Dividends paid on withdrawal, or applied on loans...................
Paid matured s h a r e s ........................................................................
Paid borrowed money and prior mortgages...............................
Paid interest on borrowed money and prior mortgages..............
Paid salaries and clerk-hire............................................................
Paid advertising, printing and postage.........................................
Paid rent . . . . . . 7........ ........... V. ..................................................
Paid banking department, examination.......................................
Paid banking department, assessment............................
Officers’ bonds ...............................
Advances for taxes, insurance, etc................................................
Discharge of m ortgage........................................................................
Appraisals ...........................................................................................
Safe deposit v au lt...............................................................................
Search fee advanced............................................................................
Cash on hand December 31, 1920.........................
$16,120
29,575
34,888
2,695
49,311
35,500
81
1,301
160
440
42
9
80
230
19
54
35
18
6,821
00
00
25
76
96
00
78
00
93
00
20
81
00
54
50
00
00
00
29
$177,385 02
Plan, permanent. Par value of shares, $130. Instalments are 25 cents
weekly.
Shares in force January 1, 1920, 5,274; shares issued during the year,
2,212; shares withdrawn during the year, 1,353; shares in force, 6,133.
Borrowing members, 113, holding 1,932 shares; non-borrowing members, 438,
holding 4,201 shares. Female shareholders, 193, holding 1,523 shares. Total
dividends credited member® during the year on instalment shares, $14,193.53;
rate 6 per cent.
No unpaid withdrawals. Amount of shares matured during the year,
$67,310.90. Entrance fee, 10 cents per share. Operating expenses, as defined
108
R eport
ok
S a v in g s
L oan
and
A s s o c ia t io n s
in section 390 o f the Banking Law, incurred and paid during the year,
$2,070.93 Operating expenses, as defined in section 390 of the Banking Law,
incurred during the year and remaining unpaid $40.
Premium plan, instalment. Interest paid by borrowing members, 6 per cent.
Premium paid by borrowing members, 5 cents per share.
Loans have been made in Erie county, New York State. Largest mortgage
loan outstanding, $12,000. Mortgages in force in New York State, $228,38b.
One foreclosure during the year.
SENECA SAVINGS AND LOAN ASSOCIATION
No. 2334 Seneca street, Buffalo, N. Y.
[Organized under Law o f 1910.
Officers
President.................
Secretary.....................
Treasurer...................
Attorneys....................
Commenced business 1914]
Post-office addresses
Names
JOHN MAYER........................................... 88 Indian Ch. Road.
FRED W. MOELICU.............................. 284 Cherry Street.
JOHN W. SCHLEHR............................ 2334 Seneca Street.
STEIN & BARBER................................
Brisbane Bldg.
ASSETS
Loans on bond and mortgage............................................................
Loads on shares..................................... .............................................
Stocks and bonds.................................................................................
Cash on hand and in bank............................. ...................................
$19,370
861
200
1,478
00
50
00
07
$21,909 57
LIABILITIES
Due shareholders, dues......................................................................
Due shareholders, dividendscredited..............................................
Undivided) profits.................................................................................
Guaranty fund .....................................................................................
Unearned or rebatable premium......................................................
Dividend®, savings shares..................................................................
$20,231 00
1,477 60
49 61
114 54
15 00
21 82
$21,909 57
RECEIPTS
Cash on hand January 1, 1920........................................................
Dues credited to members.................................
Money borrowed .............................................
Mortgages redeemed, foreclosed or transferred to real esta te..
Loans on shares repaid......................................................................
Fees received .......................................................................................
Interest received .................................................................................
Rent received .......................................................................................
Savings shares dues.............................................................................
$489
13,182
200
1,245
250
52
1,114
148
1,109
15
00
00
00
00
50
59
50
25
$17,790 99
DISBURSEMENTS
Loaned on mortgage.............................................................................
Loaned on s h a r e s ....................... ........................................................
Dues repaid on withdrawal, or applied on loans.......................
Dividends paid on withdrawal or applied on loans...................
Paid borrowed money and prior mortgages...............................
Paid interest on borrowed money and prior mortgages..........
Paid salaries and clerk-hare..............................................................
Paid advertising, printing and postage............................. ..
$5,000
571
8,183
153
700
8
177
157
00
50
00
51
00
38
00
49
E r ie
109
C ounty
Paid rent .............................................................................................
Paid banking department, examination.......................................
Paid banking department, assessment..........................................
Savings shares withdrawn..................................... ..........................
Cash on hand December 31, 1920...................................................
$213
8
1
1,139
1,478
00
00
54
50
07
$17,790 99
Plan, permanent. Par value of shares, $130. Instalments are 25 cents
weekly.
Shares in force January 1, 1920, 935; shares issued during the year, 402;
shares withdrawn during the year, 254; shares in force, 1,083. Borrowing
members, 11, holding 117 shares; non-borrowing members, 172, holding 966
shares. Female shareholders, 98, holding 480 shares. Total dividends cred
ited members during the year on instalment shares, $642.92; rate 4 per cent.
Total dividends credited or paid in cash to members during the year on
other shares, $21.82; rate 4 per cent.
No unpaid withdrawals. Entrance fee, 25 cents per share. Operating
expenses, as defined in section 390 of the Banking Law, incurred and paid
during the year $547.49,
Premium plan, gross. Interest paid by borrowing members, 6 per cent.
Premium paid by borrowing members, $5 per share.
Loans have been made in Erie county, New York State. Largest mortgage
loan outstanding, $3,600. Mortgages in force in New York State, $19,370.
No foreclosures during the year.
SYCAMORE AND JOHNSON SAVINGS
AND
LOAN ASSOCIATION
No. 755 Genesee street, Buffalo, N. Y.
[Organized under Law of 1851.
Officers
President....................
Secretary......................
T reasurer....................
Attorney......................
Commenced business 1888]
Names
Post-office addresses
CONRAD STELLRECHT........................ 73 Pershing Street.
OEOROE H. ORB A U E R .........................
W M . O. W E IM A R ......................................
WM. O. WEIM AR....................................
160 Johnson Street.
54 H edley Place.
54 Hedley Place.
ASSETS
Loans on bond and mortgage..........................................................
Stocks and b o n d s ................................................................................
Cash on hand and in bank..................................................................
$102,830 00
3,500 00
14,980 78
$121,310 78
L IA B IL IT IE S
Due shareholders, dues .....................................................................
Due shareholders, dividends credited.............................................
Undivided profits ...............................................................................
Guaranty fund .....................................................................................
$111,640
6,565
1,418
1,686
25
84
10
59
$121,310 78
RECEIPTS
Cash on hand January 1, 1920..........................................................
Dues credited to members................................................................
Mortgages redeemed, foreclosed or transferred to real estate. .
Fees received ......................... .............................................................
Interest received .................................................................................
$16,213
76,734
10,140
568
4,392
47
50
00
00
54
$108,048 51
110
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 mortgage ...............................................
Dues repaid on withdrawal, or applied on loans.........................
Dividends paid on withdrawal, or applied on loans...................
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage..........................................
Paid rent ...............................................................................................
Paid hanking department, examination.........................................
Paid banking department, assessment .........................................
Officers’ bonds .......................................................................................
Cash on hand December 31, 1920....................................................
$40,820
49,751
1,199
915
163
190
8
3
16
14,980
00
50
28
50
55
00
00
90
00
78
$108,048 51
Plan, permanent. Par value of shares, $130. Instalments are 25 cents
weekly.
Shares in force January 1, 1920, 4,564; shares issued during the year, 2,270;
shares withdrawn during the year, 982; shares in force, 5,852. Borrowing
members, 65, holding 791 shares; non-borrowing members, 689, holding 5,061
shares. Female shareholders, 433, holding 2,530 shares. Total dividends
credited members during the year on instalment shares, $2,690.96; rate, 4 per
cent.
No unpaid withdrawals. Entrance fee, 25 cents per share. Operating ex
penses, as defined in section 390 of the Banking Law, incurred and paid during
the year, $1,285.05.
No premium plan. Interest paid by borrowing members, 6 per cent. No
premium charged.
Loans have been made in Erie county, New York State. Largest mortgage
loan outstanding, $5,070. Mortgages in force in New Y ork State, $102,830.
No foreclosures during the year.
W IL LIA M AND SHERMAN M UTUAL SAVINGS AND LOAN
ASSOCIATION
No. 592 W illiam street, Buffalo, N. Y.
[Organized under Law o f 1S51. Commenced business 1S82]
Officers
President................................
Secretary................................
Treasurer..............................
Attorney................................
Names
Post-office addresses
GUSTAV KOCH ........................ 624William Street.
HARRY J. N O L L ... . ........... 40 Goembel Avenue.
THEO. KUNZ, Sr....................... 38Goembel Avenue.
H. W. BRENDEL........................ 806Mutual Life Bldg.
ASSETS
Loans on bond and mortgage............................................................
Cash on hand and in bank................................................................
$12,200 00
8,624 94
$20,824 94
LIABILITIES
Due shareholders, d u e s ..................
Due shareholders, dividendscredited....................
Undivided profits ...............................................................................
Guaranty fund .....................................................................................
Unearned or rebatable premium........................................................
$18,684
1,358
67
525
189
25
84
85
00
00
$20,824 94
RECEIPTS
Cash on hand January 1, 1920..........................................................
Dues credited to members..................................................................
$5,636 05
8,709 25
E r ie
C ounty
111
Fees r e ce iv e d ......................... ..............................................................
Interest received .................................................................................
$60 25
870 71
$15,276 26
DISBURSEMENTS
Dues repaid on withdrawal, or applied on loans...........................
Dividends paid on withdrawal, or applied on loans...................
Paid salaries and clerk-hire..............................................................
Paid rent ...............................................................................................
Paid banking department, examination.........................................
Paid banking department, assessment...........................................
Cash on hand December 31, 1920......................................................
$5,782
619
233
6
9
1
8,624
25
20
00
00
30
57
94
$15,276 26
Plan, permanent. Par value of shares, $100. Instalments are 25 cents
weekly.
Shares in force January 1, 1920, 624; shares issued during the year, 241;
shares withdrawn during the year, 164; shares in force, 701. Borrowing
members, 6, holding 116 shares; non-borrowing members, 90, holding 585
shares. Female shareholders, 40, holding 200 shares. Total dividends credited
members during the year on instalment shares, $688.31; rate, 4 per cent.
No unpaid withdrawals. Entrance fee, 25 cents per share. Operating ex
penses, as defined in section 390 of the Banking Law, incurred and paid during
the year, $239.
Premium plan, gross. Interest paid by borrowing members, 6 per cent.
Premium paid by borrowing members, 1% per cent.
Loans have been made in Erie county, New York State. Largest mortgage
loan outstanding, $3,000. Mortgages in force in New Y ork State, $12,200.
No foreclosures during the year.
W ILLIAM STREET PERMANENT SAVINGS AND LOAN ASSOCIATION
No. 267 W illiam street, Buffalo, N. Y.
[Organized under Law o f 1851,
Officers
President....................
Secretary.....................
Treasurer...................
Attorney.....................
Commenced business 1879]
Names
JOSEPH B. MILLER....................
FRANK R. RUCKDESCHEL____
RUDOLPH GUNOLD......................
FRANK R. RUCKDESCHEL____
Post-office addresses
259 Northampton Street.
59 Walnut Street.
600 Goodyear Avenue.
73 West Eagle Street.
ASSETS
Loans on bond and mortgage ....................................... .................
Stocks and bonds ..............................................................
Cash on hand and in b a n k ................................................. ..................
$20,055 75
17,758 55
$44,593 30
LIABILITIES
Due shareholders, dues .....................................................
Due shareholders, dividends credited . .. ....................... .................
Undivided profits .............................................................. .................
Guaranty fund ..................................................................
Unearned or rebatable premium ...................................
3,040 78
661 67
$ 44,593 30
112
R eport
on
S a v in g s
L oan
and
A s s o c ia t io n s
r e c e ip t s
Cash on hand January 1, 1920 ........................................................
Dues credited to m em bers..................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Fees received .........................................................................................
Interest received .................................................................................
Premium received ...............................................................................
$19,117
13,502
2,574
87
1,418
36
56
75
00
75
91
25
$36,737 22
DISBURSEMENTS
Loaned on mortgage ...........................................................................
Dues repaid on withdrawal, or applied on lo a n s .........................
Dividends paid on withdrawal, or aplied on lo a n s .....................
Paid matured s h a r e s ..............
Paid salaries and clerk -h ire..............................................................
Paid rent ...............................................................................................
Paid banking department, examination .....................................
Paid banking department, assessment ............................................
Officers’ bonds .....................................................................................
Liberty Loan bonds purchased ........................................................
Commission and accrued interest ....................................................
Safe deposit box ...................................................................................
Office supplies .......................................................................................
Cash on hand December 31, 1920 ....................................................
$536
7,406
490
5,242
318
89
9
2
8
4,779
74
5
16
17,758
25
75
45
70
00
00
45
36
00
00
86
00
85
55
$36,737 22
Plan, permanent. Par value of shares, $100. Instalments are 25 cents
weekly.
Shares in force January 1, 1920, 1,016; shares issued during the year, 351;
shares withdrawn during the year, 326: shares in force, 1,041. Borrowing
members, 16, holding 189 shares; non-borrowing members, 144, holding 852
shares. Female shareholders, 90, holding 434 shares. Total dividends credited
members during the year on instalment shares. $1,416.02; rate 6 per cent.
N o unpaid withdrawals. Amount of shares matured during the year,
$5,242.70. Entrance fee, 25 cents per share. Operating expenses, as defined
in section 390 of the Banking Law, incurred and paid during the year, $443.10.
Premium plan, gross. Interest paid by borrowing members, 12% cents
weekly per share. Premium paid by borrowing members, $7.25 per share.
Loans have been made in Erie county. New York State. Largest mortgage
loan outstanding, $3,217.50.
Mortgages in force in New York State,
$20,055.75. No foreclosures during the year.
W ILLIAM SVILLE SAVINGS AND LOAN ASSOCIATION
No. 5604 Main street, W illiamsville, N. Y .
[Organized under Law o f 1910.
Officers
President....................
Secretary.....................
Treasurer...................
Attorney......................
Commenced business 1913]
Names
.TAMES CHALMERS, J r .........................
IDA L. ZENT...................
A. H. HERMAN.........................................
MYRON S. SHORT...................................
Post-office addresses
Williamsville, N. T.
Williamsville, N. Y.
Williamsville, N. Y.
Buffalo, N. Y. .
ASSETS
Loans on bond and mortgage ..........................................................
Loans on shares ...................................................................................
Cash on hand and in bank ..............................................................
Furniture and fixtures .......................................................................
$43,650
575
3,260
393
00
00
02
68
$47,878 70
E r ie
County
113
LIABILITIES
Due shareholders dues ......................................................................
Due shareholders, dividends credited ..............................................
Undivided profits ..............................................................................
Guaranty fund .....................................................................................
$43,316
3,731
231
600
53
11
06
00
$47,878 70
RECEIPTS
Cash on hand January 1, 1920 ........................................................
Dues credited to members ................................................................
Money borrowed ................................................................ . ................
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares repaid ....................................................................
Fees received .........................................................
Interest received . . , ..........................................................................
Premium received ...............................................................................
$805
37,766
7,000
9,650
800
43
2,332
201
68
40
00
00
00
80
81
95
$58,600 64
DISBURSEMENTS
Loaned on mortgage ..........................................................................
Loaned on shares ................................................................................
Dues repaid on withdrawal, or applied on lo a n s .........................
Dividends paid on> withdrawal, or applied onlo a n s ....................
Paid borrowed money and prior mortgages .................................
Paid interest on borrowed money and prior mortgage ............
Paid salaries and clerk-hire ............................................................
Paid advertising, printing and postage .......................................
Paid rent ...............................................................................................
Paid banking department, assessment ...........................................
Officers’ bonds .......................................................................................
Furniture and fixtures .......................................................
Sundries ...............................................................................................
Cash on hand December 31, 1920 ....................................................
$23,800
1,375
22,312
154
7,000
133
312
21
37
1
4
171
15
3.260
00
00
26
55
00
67
50
85
50
98
00
50
81
02
$58,600 64
Plan, permanent. Par value of shares, $100. Instalments are 25 cents
weekly.
Shares in force January 1, 1920, 2,529; shares issued during the year,
1,212; shares withdrawn during the year, 449; shares in force, 3,292.
Borrowing members, 24, holding 499 shares; non-borrowing members, 256,
holding 2,793 shares. Female shareholders, 111, holding 999 shares. Total
dividends credited members during the year on instalment shares, $1,932.06;
rate, 7 per cent.
N o unpaid withdrawals. Entrance fee, 20 cents per share. Operating
expenses, as defined in section 390 of the Banking Law, incurred and paid
during the year, $391.66.
Premium plan, premium-interest. Interest paid by borrowing members,
6 per cent. Premium paid by borrowing members, 1 and 2 cents per share.
Loans have been made in Erie county, New York State. Largest mortgage
outstanding, $5,000. Mortgages in force in New York State, $43,650. No
foreclosures1 during the year.
114
R eport
on
S avings
and
L oan A ssociations
FRANKLIN COUNTY
SARANAC LA K E CO-OPERATIVE SAVINGS AN D LOAN ASSOCIATION
No. 88 Main street, Saranac Lake, N. Y.
[Organized under Law o f 1894. Commenced business 1899]
Officers
President....................
Secretary.....................
Treasurer...................
Attorney.....................
Names
WILLIAM J. CALLANAN......................
C. J. AYRES.............................................
FLOYD H. GREENE..............................
HERBERT P. COATS...............................
Post-office addressee
Saranac Lake,
N.Y.
Saranac Lake.
N.Y.
Saranac Lake,
N.Y.
Saranac Lake,
N.Y.
ASSETS
Loans on bond and mortgage ..........................................................
Loans oft shares ...................................................................................
Cash on hand and in b a n k ................................................................
Advances for taxes, insurance, etc........................................... ........
$184,937
18,344
1,392
35
00
62
27
76
$204,709 65
LIABILITIES
Due shareholders,
dues ................................................................
Due shareholders, dividendscredited ............................................
Balance to be paid borrowerson mortgage lo a n s ..........................
Borrowed money
..............
Undivided profits
........................................................... ..........
Guaranty fund ....................................................................
Appraisal ..............................................................................................
$161,611
29,912
2,200
5,500
1,428
4,050
6
82
84
00
00
44
55
00
$204,709 65
RECEIPTS
Cash on hand January 1, 1920 ........................................................
Dues credited to members ................................................................
Money borrowed ..................................................................................
Mortgages redeemed, foreclosed or transferred to real esta te..
Loans on shares repaid ...........................................................
Fees r e c e iv e d ........ ..........................
Fines received .......................................................................................
Interest received .................................................................................
Premium received ...............................................................................
Dividends retained on withdrawals ..............
Advances repaid ...................................................................................
Appraisal .............................................................................................
$308
59,298
22,900
19,763
3,496
311
118
8,017
2,672
129
74
6
38
34
00
00
72
25
91
32
44
01
61
00
$117,095 98
DISBURSEMENTS
Loaned on mortgage .........................................................................
Loaned on shares .................................................................................
Dues repaid on withdrawal, or applied on loans .......................
Dividends paid on withdrawal, or applied on loans ..................
Paid matured1 shares ........................................................................
Paid borrowed money and prior m o rtg a g e s .................................
Paid interest on borrowed money and prior mortgages . . . . . .
Paid salaries and clerk-hire ............................................................
Paid advertising, printing and p o s ta g e ..........................................
Paid banking department .....................................
Advances for taxes, insurance, etc..................................................
$56,700 00
7,480 97
14,098 52
2,255 50
9,776 12
23,900 00
220 04
625 00
471 60
48 30
35 76
G en esee
115
County
$6 00
85 00
1,392 27
State League d u e s ............................................................'...................
Mortgage taxes ...................................................................................
Cash on hand December 31, 1920 ....................................................
$117,095 98
Plan, serial. Par value of shares, $200. Instalments are $1 monthly.
Shares in force January 1, 1920, 2,717; shares issued during the year, 1,241;
shares withdrawn during the year, 301; shares in force, 3,657. Borrowing
members, 118, holding 1,466 shares; non-borrowing members, 252, holding
2,191 shares. Female shareholders, 141, holding 1,371 shares. Total dividends
credited members during the year on instalment shares, $921,377; rate, 6
per cent. Total dividends credited or paid in cash to members during the year
on other shares, $200.60; rate, 4% per cent.
No unpaid withdrawals. Amount of shares matured during the year,
$9,776.12. Entrance fee, 25 cents per share. Operating expenses, as define!
in section 390 of the Banking Law, incurred and paid during the year,
$1,102.60.
Premium plan, premium-interest. Interest paid by borrowing members,
75 cents per share. Premium paid by borrowing members, 25 cents per share.
Loans have been made in Franklin and Essex counties, New York State.
Largest mortgage loan outstanding, $12,000. Mortgages in force in New
York State, $184,937. N o foreclosures during the year.
GENESEE COUNTY
TH E GENESEE COUNTY LOAN ASSOCIATION
No. 112 Main street, Batavia, N. Y.
[Organized under Law of 1851.
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................
Commenced business 1879]
Names
Post-offlce addresses
6 . S. GRISWOLD............................................
Batavia,
N.Y.
W. G.
POLLARD............................................
Batavia,
N.Y.
JOHN W. PRATT............................................. Batavia,
N.Y.
JAMES L. KELLY............................................... Batavia,
N.Y.
ASSETS
Loans on bond and mortgage............................................................
Loans on shares ...................................................................................
Stocks and bonds .................................................................................
Real e s t a t e .............................................................................................
Cash on hand and in bank................................................................
$612,488
17,165
45,700
8,000
24,040
08
00
00
00
28
$707,393 36
LIABILITIES
Due shareholders, dues ......................................................................
Due shareholders, dividendscredited...............................
Balance to be paid borrowers onmortgage loans........................
Undivided profits .................................................................................
Guaranty fund .....................................................................................
$574,468
78,135
300
9,489
45,000
31
76
00
29
00
$707,393 36
RECEIPTS
Cash on hand January 1, 1920..........................................................
Dues credited to members..... ............................................................
$24,551 31
268,475 43
116
R epoet
on
S a v in g s
and
L oan
A s s o c ia t io n s
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares repaid......................................................................
Interest received ..............................................................
Rent received .......................................................................................
Dividends retained on withdrawals ................................................
Liberty loan bonds...............................................................................
$100,423
7,825
37,799
460
248
20,300
18
00
66
00
48
00
$460,083 06
DISBURSEMENTS
Loaned on mortgage ...........................................................................
Loaned on s h a r e s .................................................................................
Dues repaid on withdrawal, or applied on loans.......... ................
Dividends paid on withdrawal, or applied on loans...................
Paid matured s h a r e s ...........................................................................
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage.........................................
Paid repairs to real estate................................................................
Paid taxes, insurance, e tc ..................................................................
Paid banking department, examination.......................................
Paid banking department, assessment..................
Liberty loan bonds ...........................................................................
Interest accrued on Liberty bonds........ ...........................................
Mortgage taxes .....................................................................................
Heat and light .....................................................................................
Supplies and telephone ....................................................................
Cash on hand December 31, 1920..................
$146,205
11,990
213,278
12,627
30,916
6,679
902
354
311
66
22
11,350
87
620
331
298
24,040
80
00
61
79
99
00
15
76
35
23
07
00
74
80
19
30
28
$460,083 06
Plan, permanent. Par value of shares, $125. Instalments are 25 cents
weekly.
Shares in force January 1, 1920, 7,044; shares issued during the year,
2,220; shares withdrawn during the year, 1,676; shares in force, 7,588. Bor
rowing members, 186, holding 902 shares; non-borrowing members, 2,956,
holding 6,686 shares. Female shareholders, 1,460, holding 2,781 shares. Total
dividends credited members during the year on instalment shares, $8,188.20;
x-ate, 5 per cent. Total dividends credited or paid in cash to members during
the year on other shares, $16,615.46; rate, 4 per cent.
No unpaid withdrawals. Amount of shares matured during the year, $30,916.99. Operating expenses, as defined in section 390 of the Banking Law,
incurred and paid during the year, $8,210.64.
No premium plan. Interest paid by borrowing members, 5 per cent, 5%
per cent., and 6 per cent. No premum charged.
Loans have been made in Genesee county, New Y ork State. Largest moi’tgage loan outstanding, $19,500. Mortgages in force in New York State,
$612,488.08. No foreclosures during the year.
GREENE COUNTY
CATSKILL SAVINGS AND LOAN ASSOCIATION
No. 367 Main street, Catskill, N. Y .
[Organized under Law of 1851.
Officers
President.. .
Secretary...
Treasurer..
Attorney. . .
Commenced business 1889]
Names
PERCIVAL GOLDIN..
THOMAS E. JONES..
P. GARDNER COFFIN
ORLIFF T. H E A T H ...
Post-office addresses
----Catskill, N. Y.
....
Catskill, N. Y.
----Catskill, N. Y.
----Catskill. N. Y.
G reene
C ounty
117
ASSETS
Loans on bond anti mortgage..............................................................
Loans on shares ..................................................................................
Stocks and bonds ................................................................................
Shares of Land Bank of State of New Y ork ...............................
Cash on hand and in bank..................................................................
Furniture and fixtures ......................................................................
Interest, premium, fees and fines due and unpaid.......................
Advances for taxes, insurance, etc....................................................
Interest accrued ...................................................................................
$257,075
6,850
69,452
1,000
4,230
1,244
743
40
1,635
00
89
00
00
50
39
84
10
84
$342,272 56
L IA B IL IT IE S
Due shareholders, dues ......................................................................
Due shareholders, dividends credited..............................................
Balance to be paid borrowers onmortgage loans..........................
Undivided profits .................................................................................
Guaranty f u n d .......................................................................................
Interest paid in advance ..................................................................
$291,390
38,267
100
6,974
5,500
41
17
25
00
04
00
10
$342,272 56
RECEIPTS
Cash on hand January 1, 1920..........................................................
Dues credited to members................................................................
Money borrowed .................................................................................
Mortgages redeemed,foreclosed or transferred to real estate. .
Loans on shares repaid......................................................................
Fines received .......................................................................................
Interest received .................................................................................
Rent received .......................................................................................
Dividends retained on withdrawals..................................................
Advances r e p a id ..............................
Liberty loan bonds .............................................................................
Instalment dividend,etc., suspense ..................................................
S u n d ries.................................................................................................
$8,380 46
, 140,284 36
20,000 00
42,150 00
1,315 00
252 31
16,899 70
150 00
•314 88
36 72
12,719 63
385 43
18 81
$242,907 30
DISBURSEMENTS
Loaned on mortgage ..........................................................................
Loaned on shares .................................................................................
Dues repaid on withdrawal, or applied on loans.........................
Dividends paid on withdrawal, or applied on loans...................
Cash dividends paid on income and accumulative prepaid
shares .................................................................................................
Paid matured shares ...........................................................................
Paid borrowed money and prior mortgages.................................
Paid interest on borrowed money and prior mortgages..........
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage.........................................
Paid rent ...............................................................................................
Paid banking department, examination.......................................
Paid banking department, assessment............................................
Liberty loan bonds...............................................................................
Telephone ...............................................
Janitor ...................................................................................................
Interest accrued on Liberty bonds....................................................
Office furniture .....................................................................................
Lighting .................................................................................................
$91,925
4,050
91,733
3,333
376
4,085
20,000
380
2,410
264
495
30
10
18,904
30
76
107
21
14
00
00
01
48
00
44
00
82
68
24
00
88
17
32
00
50
45
50
57
118
R epoet
on
S a v in g s
and
L oan
A s s o c ia t io n s
Suspense account ................................................................................
Taxes .......................................................................................................
Sundries .................................................................................................
Cash on handDecember 31, 1920.............
$144
76
206
4,230
65
82
27
50
$242,907 30
Plan, permanent. Par value of shares, $25, $100, $200. Instalments are
35 cents, 50 cents and $1 monthly.
Shares in force January 1, 1920, 15,396; shares issued during the year,
7,162; shares withdrawn during the year, 2,298; shares in force, 20,261.
Borrowing members, 153, holding 2,436 shares; non-borrowing members, 442,
holding 17,825 shares. Female shareholders, 180, holding 6,162 shares. Total
dividends credited members during the year on instalment shares, $3,370.26;
rate, 5 per cent. Total dividends credited or paid in cash to members during
the year on other shares, $8,593.48; rate, 5 per cent.
N o unpaid withdrawals. Amount o f shares matured during the year,
$4,085.44. Operating expenses, as defined in section 390 of the Banking Law,
incurred and paid during the year, $3,508.77.
No premium plan. Interest paid borrowing members, 4% per cent, 5 per
cent and 6 per cent. No premium charged .
Loans have been made in Greene county, New York State. Largest m ort
gage loan outstanding, $25,000. Mortgages in force in New York State,
$257,075. No foreclosures during the year.
HERKIMER COUNTY
FRANKFORT SAYINGS AN D LOAN ASSOCIATION
No. 128 Litchfield street, Frankfort, 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............................... CHARLES' WILLIAMSON...................... Frankfort, N. Y.
Attorney .................................. C H E STE R J. W IN S L O W ........................ F rankfort, N. Y.
A SSE TS
Loans on bond and m ortgage.........................
Loans on shares ................................................
Stocks and b o n d s .............................................
Cash on hand and in bank...............................
Furniture and fixtures.....................................
$102,111 99
1,415 00
2,000 00
4,355 28
592 78
$110,475 05
LIABILITIES
Due shareholders, dues.....................................................................
Due shareholders, dividends c r e d ite d ..............................................
.........................................................................
Undivided profits
Guaranty fund .....................................................................................
$92,410
13,810
2,971
1,282
82
28
27
68
$110,475 05
RECEIPTS
Cash on hand January 1, 1920..........................................................
Dues credited to members ......................................... ......................
Mortgages redeemed, foreclosed or transferred to real esta te..
$2,071 39
44,946 80
14,200 00
H e r k im e r
119
County
$760 00
148 00
6,048 85
Loans on shares repaid........................................................................
Fees re ce iv e d .........................................................................................
Interest re ce iv e d ..................................................................................
$68,175 04
DISBURSEM ENTS
Loaned on mortgage ..........................................................................
Loaned on shares ................................................................................
Dues repaid on withdrawal, or applied on loans.........................
Dividends paid on withdrawal, or applied on loans...................
Paid borrowed money and prior mortgages.................................
Paid interest on borrowed money and prior mortgages............
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage.........................................
Paid rent ...............................................................................................
Paid taxes, insurance, etc...................................".............................
Paid banking department, assessment.........................................
Cash on hand December 31, 1920......................................................
$25,950
1,415
30,768
2,862
2,000
140
550
117
10
2
4
4,355
00
00
45
28
00
39
00
25
00
37
02
28
$68,175 04
Plan, serial. Par value of shares, $100. Instalments are 10 cents and 25
cents weekly.
Shares in force January 1, 1920, 3,346; shares issued during the year, 1,480;
shares withdrawn during the year, 1,002; shares in force, 3,824. Borrowing
members, 60, holding 974 shares; non-borrowing members, 262, holding 2,850
shares.
Female shareholders, 105, holding 647 shares. Total dividends
credited members during the year on instalment shares, $4,705.68; rate, 3
per cent.
No unpaid withdrawals. Entrance fee, 10 cents per share. Operating
expenses, as defined in section 390 of the Banking Law, incurred and paid
during the year, $681.27.
Premium plan, instalment. Interest paid by borrowing members, 10 cents
per week on $100. Premium paid by borrowing members, 2 cents per week
on $100.
Loans have been made in Herkimer and Oneida counties, New York State.
Largest mortgage loan outstanding, $3,500. Mortgages in force in New York
State, $102,111.99. No foreclosures during the year.
HERKIMER CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION
No. 147 North Main street, Herkimer, N. Y.
[Organized under Law of 1894.
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney......................
Commenced business 1898]
Names
Post-office addresses
CHARLES STEWART.................................. Herkimer, N. Y.
CLARENCE B. ROOT...................................
Herkimer, N. Y.
CLARENCE A. McCREERY......................... Herkimer, N. Y.
WILLIAM J. GARDINIER......................... Herkimer, N. Y.
ASSETS
Loans on bond and m o r tg a g e ............................................................
Loans on shares ...................................................................................
Stocks and bonds .................................................................................
Real e s ta te .............................................................................................
Cash on hand and in bank................................................................
$280, 100
1, 980
9, 523
2,737
3,055
00
00
00
21
94
120
R eport
on
S a v in g s
and
L oan
A s s o c ia t io n s
Furniture and fixtures ......................................................................
Interest, premium, fees and fines due and unpaid.....................
$30 00
700 00
$307,120 15
LIABILITIES
Due shareholders, dues........................................................................
Due shareholders, dividends credited..............................................
Borrowed money ...............................................................................•.
Undivided profits ...............................................................................
Guaranty fund .................................................................... ; ..............
$229,473
35, 041
35,000
4,083
3, 528
27
33
00
55
00
$307,126 15
RECEIPTS
Cash on hand January 1, 1920..........................................................
Dues credited to members ................................................................
Money borrow ed ...................................................................................
Mortgages redeemed, foreclosed or transferred to real estate. .
Loans on shares repaid ....................................................................
Fees receiv ed .........................................................................................
Fines received .......................................................................................
Interest received .................................................................................
Dividends retained in withdrawals..................................................
Liberty loan bonds .............................................................................
$7, 750
126,504
91,500
24, 400
4, 268
91
73
14,733
180
3,650
06
73
00
00
20
85
81
75
88
00
$273,153 28
DISBURSEMENTS
Loaned on mortgage ..........................................................................
Loaned on shares .................................................................................
Dues repaid on withdrawal, or applied on loans.........................
Dividends paid on withdrawal, or applied onloans...................
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 banking department, examination ........................................
Paid banking department, assessment............................................
State League dues ...............................................................................
A u d ito r s ..................................................................................................
Insurance on furniture and fixtures................................................
A p p ra isers..............................................................................................
A tto r n e y ..................................................................................................
Cash on hand December 31, 1920....................................................
$81,200 00
2, 890 00
106,080 94
4,047 88
70,000 0(<
1,673 27
2,737 21
1,302 00
3164
45 12
9 22
7 00
20 00
2 06
38 00
13 00
3,055 94
$273,153 28
Plan, permanent., Par value o f shares, $100. Instalments are 15 cents
weekly.
Shares in force January 1, 1920, 6,793; shares issued during the year,
1,777; shares withdrawn during the year, 1,008 ; shares in force, 7,562. Bor
rowing members, 115, holding 2,648 shares; non-borrowing members, -382,
holding 4,914 shares. Female shareholders, 192, holding 1,977 shares. Total
dividends credited members during the year on instalment shares, $8,377.28;
rate, 5 per cent. Total dividends credited or paid in cash to members during
the year on other shares, $2,140.50; rate 4 per cent, and 5 per cent.
No unpaid withdrawals. Entrance fee, 5 cents per share. Operating
expenses, as defined in section 390 o f the Banking Law, incurred and paid
during the year, $1,422.92.
121
H e r k im e r , C o u n t y
No premitim plan. Interest paid by borrowing members, 5.2 percent., 5%
per cent, and 6 per cent. N o premium charged.
Loans have been made in Herkimer county, New York State. Largest
mortgage loan outstanding, $8,000. Mortgages in force in New York State,
$289,100. No foreclosures during the year.
XLI0N PERM ANENT SAVING, BUILDING AND LOAN ASSOCIATION
No. 10 East Main street, llion, N. Y.
[Organised under Law of 1851.
Officers
President...
Secretary...
Treasurer..
Attorney. . .
Commenced business 1888]
Names
SAMUEL T. RUSSELL
W. H. G RIM SH AW .. . ,
JOHN A. GIBLIN.........
JAMES CONKLING___
Post-offlv.e addresses
........... Ilion, N. Y.
........... Ilion, N. Y.
........... Ilion, N. Y.
......... Ilion. N. Y.
ASSETS
Loans on bond and m o r tg a g e ............................................................
Stocks and bonds .................................................................................
Real e s ta te .............................................................................................
Cash on hand and in b a n k ................................................................
$851, 44&
55,000
13, 567
7,242
00
00
40
67
$927,265 07
LIABILITIES
Due shareholders, dues and dividends ...........................................
Undivided profits .................................................................................
Guaranty fu n d .......................................................................................
Unearned or rebatable premium........................................................
$827, 640
24, 066
21, 959
53,588
87
32
36
52
$927,255 07
RECEIPTS
Cash on hand January 1, 1920..........................................................
Dues credited to members ......................
Mortgages redeemed, foreclosed or transferred to real esta te..
Fees received .........................................................................................
Fines received .....................................................................................
Interest received ...................................................................................
Premium r e ce iv e d .................................................................................
Rent received .......................................................................................
$13, 600
370,020
134,295
905
600
41,118
11,715
770
68
79
00
96
98
05
00
04
$573, 026 44
DISBURSEMENTS
Loaned on mortgage ............ .............................................................
Dues repaid on withdrawal, or applied on loans........ ................
•Paid for real estate.............................................................................
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage........................................
Paid rent ...............................................................................................
Paid repairs to real estate................................................................
Paid taxes, insurance, e tc ..................................................................
Paid banking department, examination.......................................
Paid banking department, assessment............................................
Officers’ bonds .......................................................................................
State League dues and expenses........................................................
Village bonds with accrued interest..............................................
Rebates on premiums .............................................................. ..........
$246, 015 00
299, 062 98
866 76
4,5-24 17
395 40
300 00
42 54
312 59
76 45
26 55
42 00
36 11
10,006 94
2, 781 50
122
R eport
on
S a v in g s
and
L oan
A s s o c ia t io n s
A u d ito r s .....................
Inspectors of election ........................................................................
Mortgage taxes .....................................................
Satisfying mortgages ........................................................................
Letter file .............................................................................................
Repairs to safe .....................................................................................
Cash on hand December 31, 1920 ....................................................
$80
10
1,048
72
73
10
7 ,2H2
00
Of
50
00
78
50
67
$573,026 44
Plan, permanent. Par value of shares, $105. Instalments are 25 cents
weekly.
Shares in force January 1, 1920, 23,931; shares issued during the year,
9,059; shares withdrawn during the year, 4,562; shares in force, 28,428.
Borrowing' members, 366, holding 8,109 shares; non-borrowing members,
1,734, holding 20,319 shares. Female shareholders, T14, holding 7,930 shares.
Total dividends credited members during the year on instalment shares,
$30,144.07; rate, 5 per cent.
No unpaid withdrawals. Entrance fee, 10 cents per share. Operating
expenses, as defined in section 390 of the Banking Law, incurred and paid
during the year, $5,498.51.
Premium plan, gross. Interest paid by borrowing members, 5 per cent.
Premium paid by borrowing members, $5 per share.
Loans have been made in Herkimer county, New York State. Largest
mortgage loan outstanding, $8,400. Mortgages in force in New York State,
$851,445. Two foreclosures during the year.
LITTLE FALLS BUILDING, SAVINGS AND LOAN ASSOCIATION
No. 18 W est Main street, Little Falls, N. Y.
[Organized under Law o f 1910. Commenced business 1913]
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney......................
Names
Post-office addresses
FRANK SENIOR.......................................... Little Falls. N. Y.
EDWARD H. KINGSBURY....................... Little Falls. N. Y.
JOHN O’ROURKE.......................................
Little Falls. N. Y.
W. EARL WARD..........................................
Little Falls. N. Y.
ASSETS
Loans on bond and m o r tg a g e .......................
Loans on shares ..............................................
Stocks and bonds ............................................
Cash on hand and in bank .........................
Furniture and fixtures .................................
$73,457
690
5,524
2,357
17
68
00
12
77
30
$82,046 87
LIABILITIES
Due shareholders, dues .......................................................................
Due shareholders, dividends credited ............................................
Borrowed money .................................................................................
Undivided profits .................................................................................
Guaranty fund ...................................................................................
Adjustment account .......................................................................
$71,592
6,641
1,500
1,700
593
18
00
97
00
56
54
80
$82,046 87
H e r k im e r
County
123
RECEIPTS
Cash on hand January 1, 1920 ........................................................
Dues credited to members ................................................................
Money borrowed .................................................................................
Mortgages redeemed, foreclosed or transferred to real esta te..
Loans on shares repaid ......................................................................
Fees received .......................................................................................
Fines received .....................] ...............................................................
Interest received .................................................................................
Little Falls paving bond ..................................................................
Adjustment account ..........................................................................
$4,057 42
34,655 26
4,000 00
10,239 45
330 00
83 40
66 38
3,814 81
1,024 12
36 30
$58,307 14
DISBURSEMENTS
Loaned on mortgage ........ ................................................................
Loaned on s h a r e s ..................
Dues repaid on withdrawal, or applied onlo a n s ...........................
Dividends paid on withdrawal, or applied on loans.....................
Paid borrowed money and prior mortgages ...............................
Paid interest on borrowed money and prior mortgages ..........
Paid salaries and clerk-hire ..............................................................
Paid advertising, printing and postage .........................................
Paid rent .............................................................................................
Paid banking department, examination .......................................
Paid banking department, assessm ent...........................................
Officers’ bonds .....................................................................................
Safe deposit box .................................................................................
S e a r c h .....................................................................................................
Fairfield school bonds ......................................................................
Adjustment account ..........................................................................
Books .....................................................................................................
Cash on hand December 31, 1920 ....................................................
$20, 550
600
26,704
1.761
2,500
249
300
60
100
00
00
26
71
00
98
00
95
00
43 45
3 24
15 10
10 00
7 50
3,000 00
17 50
25 70
2,357 77
$58,307 14
Plan, permanent. Par value of shares, $100. Instalments are 25 cents
weekly.
Shares in force January 1, 1920, 2,552; shares issued during the year,
834; shares withdrawn during the year, 475; shares in force, 2,911. Bor
rowing members, 29, holding 536 shares; non-borrowing members, 26S,
holding 2,375 shares. Female shareholders, 98, holding 592 shares. Total
dividends credited members during the year on instalment shares, $289.84;
rate, 5 per cent.
No unpaid withdrawals. Amount of shares matured during the year,
$10,778.31. Entrance fee, 10 cents per share. Operating expenses, as defined
in section 390 of the Banking Law, incurred and paid during the year,
$514.99.
Premium plan, instalment. Interest paid by borrowing members, 5.2 per
cent. No premium charged.
Loans have been, made in Herkimer county, New York State. Largest
mortgage loan outstanding, $3,300. Mortgages in force in New York State,,
$73,457.68. No foreclosures during the year.
124
R epoet
on
S a v in g s
and
L oan
A s s o c ia t io n s
JEFFERSON COUNTY
CARTHAGE SAVINGS, LOAN AND BUILDING ASSOCIATION
Iso. 8 Strickland Building, So. Mechanic street, Carthage, N. Y.
[Organized under Law o f 1861.
Officers
President........................ C.
Secretary....................... W.
F. W.
Treasurer...................
Attorney..................... W. A.
Commenced business 1889]
Names
Post-office addresses
E.
VAN SLYKE....................... Carthage, N. Y.
W. SW EET............................................ Carthage, N. Y.
COBURN................................................
Carthage, N. Y.
PORTER................................................... Carthage. N. Y.
ASSETS
Loans on bond and mortgage ..........................................................
Loans on shares ...................................................................................
Stocks and b o n d s ...... ..........................................................................
Cash on hand and in bank ...............................................................
Furniture and fixtures ............................. .........................................
$293', 055
4,500
12,839
10,916
1,200
62
00
40
63
00
$322,511 65
LIABILITIES
Due shareholders, dues ...................................................................
Due shareholders, dividends credited ............................................
Undivided p r o f it s .............- ..................................................................
Guaranty fund .....................................................................................
$286,454
13,261
15,080
7,715
91
49
25
00
$322,511 65
RECEIPTS
Gash on hand January 1, 1920 ......................................................
Dues credited to members ..............................................................
Money borrowed ......................... : ......................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares repaid; ....................................................................
Interest received .................................................................................
Premium received ...............................................................................
Dividends retained on withdrawals ..•..........................................
$22,340
70,024
7,000
43,570
5,985
17,028
198
234
89
77
00
00
08
32
83
67
$166,382 56
DISBURSEMENTS
Loaned on mortgage ...........................................................................
Loaned on shares .................................................................................
Dues repaid on withdrawal, or applied on loans.........................
Dividends paid on withdrawal, or applied on loans...................
Cash dividends paid on income and accumulative prepaid
sh a res...................................................................................................
Paid matured shares ........ ...............................................................
Paid borrowed money and prior mortgages ............
Paid interest on borrowed money and prior m o rtg a g e s...........
Paid salaries and clerk-hire ............................................................
Paid advertising, printing and postage ................
Paid rent ................
Paid banking department, examinations .....................................
Paid banking department, assessm ent............................................
State League dues ...............................................................................
Mortgage t a x e s ...... ..............................................................................
Expenses o f delegates to State con v en tion ...................................
$44,725
6,125
71, 316
8, 350
00
08
65
09
2,002 14
12, 897 38
7,000 00
29 67
1,904 00
309 37
425 00
99 29
1152
8 00
220 75
22 89
J efferson
125
County
Flowers ..................................................................................................
Insurance, furniture and fix tu r e s ....................................................
Cask on hand December 31, 1920 ....................................................
$10 00
9 10
10,916 63
$166,382 53
Plan, permanent. Par value of shares, $100 and $250. Instalments are
10 cents and 25 cents weekly.
Shares in force January 1, 1920, 1,576; shares issued1during the year, 603;
shares withdrawn during the year, 371; shares in force, 1,808. Borrowing
members, 74, holding 684 shares; non-borrowing members, 210, holding 1,124
shares.
Female shareholders, 114, holding 507 shares.
Total dividends
credited members during the year on instalment shares, $4,480.39; rate, 5
and 6 per cent. Total dividends credited or paid in cash to members during
the year on other shares, $8,558.16; rate, 4 per cent.
No unpaid withdrawals. Amount of shares matured during the year.
$12,987.38. Operating expenses, as defined in section 390 of the Banking
l,:’.wr. incurred and paid during the year, $2,699.88.
No premium plan. Interest paid by borrowing members, 6 per cent. No
premium charged.
Loans have been made in Jefferson and Lewis counties, New York State.
Largest mortgage loan, outstanding, $11,600. Mortgages in force in New
York State, $293,055.62. No foreclosures during the year.
W A TE R TO W N SAVINGS, LOAN AND BUILDING ASSOCIATION
No. 105 Charlebois Brothers block, Watertown, N . Y.
[Organized under Law o f 1851. Commenced business 1888]
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................
Names
Post-office addresses
ELI W. HERRICK.................................. Watertown, N. Y.
A. E. S H E R W O O D ................................ Watertown, N. Y.
A. E. SHERWOOD..................................... Watertown, N. Y.
JOSEPH ATWELL ................................ Watertown, N. Y.
ASSETS
Loans on bond and m o r tg a g e .......... -...........
Loans on shares .............................................
Stocks and bonds ...........................................
Contracts for the sale of real e s t a t e ..........
Cash on hand and in b a n k ...........................
Furniture and fixtures ...................................
$404,534
18,166
7,600
16,743
9,888
682
00
75
00
29
22
88
$457,615 14
L IA B IL IT IE S
Due shareholders, dues ....................................................................
Due shareholders, dividends credited ...........................................
Balance to be paid borrowers on mortgage lo a n s .......................
Borrowed money .................................................................................
Undivided profits ................................................................................
Guaranty fund .....................................................................................
$346, 788
61, 386
1, 400
4, 000
32, 203
11,836
52
09
00
00
78
75
$457,615 14
R E C E IP T S
Cash on hand January 1, 1920 ..........................................................
Dues credited to members ................................................................
Money b o r r o w e d ...................................................................... ............
$9, 273 04
94, 836 81
23, 000 00
126
R eport
on
S a v in g s
and
L oan
A s s o c ia t io n s
Mortgages redeemed, foreclosed or transferred to real estate. .
Loans on shares repaid ....................................................................
Fees received ........................................................................................
Fines received .......................................................................................
Interest received ..................................................................................
Dividends retained on withdrawals ................................................
Liberty loan bonds .............................................................................
Judgments repaid ...............................................................................
Payments on real estate contracts ................................................
$46, 750
13, 085
8
20
29,719
256
250
669
3, 998
00
55
50
32
00
80
00
27
36
$221,867 65
DISBURSEMENTS
Loaned on mortgage ..................................................................
Loaned on shares ........................................................................
Dues repaid on withdrawal, or applied on l o a n s ...........................
Dividends paid on withdrawal, or applied on lo a n s ...................
Paid matured shares ........................................................................
Paid borrowed money and prior m o rtg a g e s....................................
Paid interest on borrowed money and prior m ortg a g es.............•
Paid salaries and clerk-hire ............................................................
Paid advertising, printing and postage .......................................
Paid rent ..............................................................................................
Paid taxes, insurance, etc...................................................................
Paid banking department, examination . . . : ...............................
Paid banking department, assessm ent............................................
Officers’ b o n d s .......................................................................................
State League dues .........................................................
Interest on real estate contracts ....................................................
Mortgage taxes ....................................................................................
Chamber of Commerce dues ................................................
Delegate’s expenses to .state convention .......................................
Safe deposit box .................................................................................
Telephone ..............................................................................................
Cleaning and lights .............................................................................
Sundries .................................................................................................
Cash on hand December 31, 1920 ....................................................
$64, 800 00
15, 208 05
59, 245 4&
9,472 46
20, 839 98
36, 000 00
820 00
3, 200 00
280 25
250 00
48 34
74 55
14 90
32 00
9 00
1,139 62
320 00
15 00
30 00
10 00
61 25
52 33
56 25
9, 888 22
$221,867 65
Plan, permanent. Par value of shares, $100. Instalments are 10 cents
weekly.
Shares in force January 1, 1920, 15,432; shares issued during the year,
3,633; shares withdrawn during the year, 2,621; shares in force 16,444.
Borrowing membes, 384, holding 3,829 shares; non-borrowing members, 928,
holding 12,615 shares. Female shareholders, 470, holding 6,316 shares. Total
dividends credited members during the year on instalment shares, $18,996.35;
rate 6 per cent. Total dividends credited or paid in cash to members during
the year on other shares, $2,160.58; rate 4 per cent.
No unpaid withdrawals. Amount of shares matured during the year,
$20,839.98. Membership fee 25 cents per member. Operating expenses, as
defined in section 390 of the Banking Law, incurred and paid during the
year, $4,010.98.
Premium plan, premium-interest. Interest paid by borrowing members, 5.02
per cent. Premium paid by borrowing members, 2.08 per cent.
Loans have been made in Jefferson county, New York State. Largest
mortgage loan outstanding, $10,000. Mortgages in force in New York State,
$404,534. One foreclosure during the year.
K in g s
127
C ounty
KINGS COUNTY
ATLANTIC SAVINGS AND LOAN ASSOCIATION
No. 321 Court street, Brooklyn, N. Y.
[Organised under Law of 1887.
Officers
President................................
Secretary................................
Treasurer...............................
Attorney................................
Commenced business 1888.
Law o f 1892]
Names
JOHN J. P. FAGAN..................
THOMAS J. SKUSE..................
JOHN A. LAWLER...................
CHARLES A. WEBBER..........
Reorganized under
Post-office addresses
609 Sixth Street.
321 Court Street.
497 First Street.
44 Court Street.
ASSETS
Loans on bond and m o rtg a g e ............................................................ $1, 594, 600 00
Loans on shares ...................................................................................
24,100 00
Stocks and b o n d s .................................................................................
77, 600 Ou
Shares of Land Bank of State of New Y o r k ...............................
1 , 000 00
Real estate ............................................................................................
14, 000 00
Cash on hand and in bank ..............................................................
103,130 18
Interest, due and unpaid ..................................................................
753 25
$1,815,183 43
LA B ILITIE S
Due shareholders, d u e s ...................................................................... $1 , 483, 952 34
42, 368 44
Due shareholders, dividends credited ...........................................
Prior mortgages ...................................................................................
108, 050 00
Borrowed money .......... . ....................................................................
50, 000 00
Undivided profits ................................................................................
23, 488 35
Guaranty fund .....................................................................................
71,520 93
Maturity fund ......................................................................................
19,461 08
Reserve fund ........................................................................................
14, 418 23
Interest paid in a d v a n ce....................................................................
1, 924 06
$1, 815,183 43
RECEIPTS
Cash on hand January 1, 1920 ........................................................
Dues credited to members ................................................................
Prior m o rtg a g e s...................................................................................
Money borrowed ...................................................................................
Mortgages redeemed, foreclosed or transferred to real esta te..
Loans on shares r e p a id ......................................................................
Interest received .................................................................................
Rent received .......................................................................................
Loan deposits received ......................................................................
Liberty loan bonds .............................................................................
$64, 161
586, 820
80, 300
125, 000
226,200
28, 000
82, 669
900
10, 850
3, 430
85
01
00
00
00
00
35
00
00
00
$1,208,331 21
DISBURSEMENTS
Loaned on mortgage ..........................................................................
Loaned on shares .................................................................................
Dues and dividends paid on withdrawal, or applied on loans. .
Cash dividends paid on income and accumulative prepaid
shares .................................................................................................
Paid matured shares ..........................................................................
Paid borrowed money and prior mortgages .................................
Paid interest on borrowed money and prior m ortg a g es..........
$380, 400 00
34, 200 00
451, 774 10
2, 598
74,705
99,100
6. 462
00
85
00
69
128
R eport
on
S a v in g s
L oan
and
A s s o c ia t io n s
Paid salaries and clerk-hire ..............................................................
Paid advertising, printing and postage .......................................
Paid banking department, examination .......................................
Paid banking department, assessm ent............................................
Liberty loan bonds ............................................................................
Loan deposits repaid .........................................................................
General expenses .................................................................................
Atlantic building expense ................................................................
Maturity fund ......................................................................................
Reserve f u n d .........................................................................................
Cash on hand December 31, 1920 ....................................................
$7,760
1, 186
82
51
29,400
10,850
2, 471
906
1, 404
1 , 848
103,130
14
30
50
20
00
00
28
45
33
19
18
$1,208, 331 21
Plan, permanent. Par value of shares, $200. Instalments are $1 monthly.
Shares in force January 1, 1920, 43,289; shares issued during the year.
18,338; shares withdrawn during the year, 6,420; shares in force, 55,207.
Borrowing members, 712, holding 8,214 shares; non-borrowing members,
2,692, holding 46,993 shares. Female shareholders, 1,719, holding 20,006, shares.
Total dividends credited members during the year on instalment shares,
$16,060.70; rate 4*4 and 5% per cent. Total dividends credited or paid in
cash to members during the year on other shares, $28,905.74; rate 4 per cent,
to 5% per cent.
No unpaid withdrawals. Amount of shares matured during the year,
$74,705.85. Operating expenses, as defined in section 390 of the Banking
Law, incurred and paid during the year, $11,417.72.
N o premium plan. Interest paid by borrowing members, 5% per cent,
and 6 per cent. No premium charged.
Loans have been made in Kings, Queens, Richmond, New York, W est
chester and Suffolk counties, New York State. Largest mortgage loan out
standing, $10,000. Mortgages in force in New York State, $1,594,600. No
foreclosures during the year.
B A Y RIDGE SAVINGS AND LOAN ASSOCIATION
No. 7416 Third avenue, Brooklyn, N . Y .
[Organized under Law o f 1851.
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................
Commenced business 18871
Names
WILLIAM B. HATFIELD..............
HARRY H. OATES........................
JAMES RUDDIMAN......................
WALTER L. DURACK..................
Post-office addresses
817 Ninefr-ttaird Street.
Sedgwick Place.
441 Senator Street.
215 Montague Street.
. ASSETS
Loans on bond and mortgage .......... .'..........
Stocks and bonds ..............................................
Shares of Land Bank of State of New York
Real e s t a t e ..........................................................
Cash on hand and in bank...............................
Furniture and fix tu r e s ...................................
$144,650
1,000
1,000
423
13,913
40
00
00
00
39
43
00
$161,026 82
LIABILITIES
Due shareholders, dues........................................................................
Due shareholders, dividends credited..............................................
Undivided profits ................................................................................
Guaranty fund .....................................................................................
$136,505
16,273
1,771
6,476
84
02
15
81
$161,026 82
K ings C ounty
129
RECEIPTS
Cash on hand January 1, 1920.................. .......................................
Dues credited to members................
Mortgages redeemed, foreclosed or transferred to real estate..
Real estate sold...............................................
Fees received .........................................................................................
Interest received .................................................................................
Premium received ...............................................................................
$7,491 35
52,476 16
5,550 00
4,000 00
50 00
7,974 84
785 86
$78,328 21
DISBURSEMENTS
Loaned on mortgage............................. ...............................................
Dues repaid on withdrawal, or applied on lonas.........................
Dividends paid on withdrawal, or applied on lo a n s ...................
Cash dividends paid on income and accumulative prepaid
shares ............................................
Paid borrowed money and prior mortgages.................................
Paid interest on borrowed money and prior mortgages............
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage.........................................
Paid rent ...............................................................................................
Paid taxes, insurance, etc................................................................
Paid banking department, examination .......................................
Paid banking department, assessm ent...........................................
State League dues, etc........................................................................
Delegates’ expenses to State League con v en tion .........................
Legal f e e s ...............................................................................................
Appraisals .............................................................................................
CsTsh on hand December 31, 1920....................................
$21,800 00
35,279 20
1 , 231 41
2,373
2,200
40
712
351
215
24
16
5
33
77
9
46
13,913
74
00
34
00
76
00
11
25
47
00
50
00
00
43
$78,328 21
Plan, permanent. Par value of shares, $100. Instalments are 50 cents
monthly.
Shares in force January 1, 1920, 1,842; shares issued during the year, 518;
shares withdrawn during the year, 242; shares in force, 2,118. Borrowing
members, 56, holding 1,420 shares; non-borrowing members, 194, holding 698
shares. Female shareholders, 42, holding 263 shares. Total dividends credited
members during the year on instalment shares, $3,650.90; rate, 5 per cent.
Total dividends credited or paid in cash to members during the year on other
shares, $2,373.74; rate, 5 per cent.
No unpaid withdrawals. Operating expenses, as defined in section 390 of
the Banking Law, incurred and paid during the year, $1,444.26.
Premium plan, instalment. Interest paid by borrowing members, 6 per
cent. Premium paid by borrowing members, 1 per cent.
Loans have been made in Kings and Queens counties, New York State.
Largest mortgage loan outstanding, $9,000. Mortgages in force in New York
State, $144,650. No forclosures during the year.
5
180
R eport
on
S a v in g s
L oan
and
A s s o c ia t io n s
BEDFORD CO-OPERATIVE BUILDING LOAN ASSOCIATION
No. 1646 Fulton street, Brooklyn, N. Y.
[Organized under Law o f 1861.
Officers
President.....................
Secretary....................
Treasurer...................
A t t o r n e y . . . . ............
Commenced business 1888]
Names
CHARLES KAISER.................
WILLIAM J. CONSIDINE.. .
AUGUST BUERMANN...........
MARTIN S. COHEN.................
Post-office addresses
1273 Jefferson Avenue.
2014 Sliver Street.
140 Harrison Avenue.
302 Broadway, New York.
ASSETS
Loans on bond and m ortgage.........................
Loans on shares ................................................
Stocks and bonds ..............................................
Shares o f Land Bank of State of New York
Real e s t a t e ..........................................................
Cash on hand and in bank.............................
Advances for taxes, insurance, etc.................
Loans to other associations.............................
$156,491
3,825
7,800
2,000
4,000
5,228
228
13,000
45
00
03
00
00
35
34
00
$192,573 17
LIAB ILITIES
Due shareholders,
dues................................................................
Due shareholders, dividendscredited.............................................
Balance to be paid borrowers onmortgage loans.........................
Prior mortgages ...................................................................................
Borrowed m o n e y ...................................................................................
Advances by Land Bank.....................................................................
Undivided profits ..........
Guaranty fund .....................................................................................
M aturity f u n d .......................................................................................
$137,223
15,589
9,000
3,000
7,000
8,100
5,868
6,150
642
20
19
00
00
00
00
02
00
76
$192,573 17
RECEIPTS
Cash on hand January 1, 1920.................•........................................
Dues credited to members..................................................................
Money borrowed ...................................................................................
Mortgages redeemed, foreclosed or transferred to real estate. .
Loans on shares repaid......................................................................
Interest received .................................................................................
Rent received .......................................................................................
Advances repaid ...................................................................................
Liberty loan b o n d s ...............................................................................
Real estate c o n tra cts...........................................................................
Appraisals .............................................................................................
Land bank advances.......................................
Loans to other associations repaid....................................................
$8,101
75,466
6, 000
21,196
1,075
8,792
75
542
1,000
3,056
155
2,450
3,500
39
96
00
11
00
97
25
50
00
99
00
00
00
$131,412 17
DISBURSEMENTS
Loaned on mortgage.............................................................................
Loaned on shares...................................................................................
Dues repaid on withdrawal, or applied on loans...........................
Dividends paid on withdrawal, or applied on loans.....................
Cash dividends paid on income and accumulative prepaid
shares .........................................................
Paid borrowed money and prior mortgages.................................
Paid interest on borrowed money and prior mortgages.............
$52,950
4,000
38,900
5,715
00
00
52
35
913 51
6,060 00
757 00
K in g s
131
C ounts
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage.........................................
Paid repairs to real estate................................................................
Paid taxes, insurance, e tc................................................................
Paid banking department, examination.........................................
Paid banking department, assessment...........................................
Officers’ bonds .....................................................................................
Advances for taxes, insurance, e t c ................................................
State and Metropolitan League dues.............................................
Loans to other associations................................................................
Land Bank advances repaid..............................................................
Maturity fund .....................................................................................
“ Own Your Own Home ” exposition................................
Appraisals .............................................
Light and heat .....................................................................................
Liberty loan bonds ............................................................................
Cash on hand December 31, 1920......................................................
|820
380
62
140
19
5
22
682
12
. 13,000
1,350
22
25
115
30
200
5,228
00
02
50
82
50
60
00
22
00
00
00
50
00
00
28
00
35
$131,412 17
Plan, permanent. Par value o f shares, $100 and $200. Instalments are $1
monthly.
Shares in force January 1, 1920, 3,268; shares issued during the year, 1,190;
shares withdrawn during the year, 481; shares in force, 3,977. Borrowing
members, 85, holding 845 shares; non-borrowing members, 377, holding 3,132
shares. Female shareholders, 173, holding 1,881 shares. Total dividends
credited members during the year on instalment shares, $3,314.70; rate, 5
per cent. Total dividends credited or paid in cash to members during the year
on other shares, $1,964.25; rate, 5 per cent.
No unpaid withdrawals. Operating expenses, as defined in section 390 of
the Banking Law, incurred and paid during the year, $1,294.90.
No premium plan. Interest paid by borrowing members, 6 per cent. No
premium charged.
Loans have been made in Kings, Queens, Nassau, Suffolk and Bronx counties,
New* York State. Largest mortgage loan outsanding, $9,000. Mortgages in
force in New York State, $156,491.45. No foreclosures during the year.
BROOKLYN AND N E W YORK ARCANUM BUILDING, LOAN AND
SAVINGS ASSOCIATION
No. 9 Greene avenue, Brooklyn, N. Y.
[Organized under Law of 1851.
Officers
President.
Secretary.
Treasurer
Attorney.
Commenced business 1885]
Names
CHARLES A. LENT
J. ADDISON RO BB..
J. ADDISON R O BB..
I. N. SIEVW RIG H T.,
Post-office addresses
90 William St., New York.
482 Green Ave., Brooklyn.
482 Green Ave., Brooklyn.
204 Montague St., Brooklyn.
ASSETS
Loans on bond and mortgage ..........................................................
Loans on shares ...................................................................................
Stocks and bonds .................................................................................
Cash on hand and in bank................................................................
Furniture and fixtures ......................................................................
Interest due and unpaid......................................................................
Advances for taxes, insurance, etc....................................................
Interest accrued on Liberty Loan bonds.........................................
$117,500
980
5, 000
2,735
52
76
32
61
00
00
00
62
90
00
00
93
$126,438 45
13£
R epost
on
S a v in g s
an d
L oan
A s s o c ia t io n s
LIABILITIES
Due shareholders, dues ....................................................................
Due shareholders, dividends credited................................................
Balance to be paid borrowers on mortgage loans.........................
Borrowed m o n e y ...................................................................................
Undivided profits .................................................................................
Guaranty fund .....................................................................................
Dividend account, income shares....................................................
M aturity fund .....................................................................................
Suspense account .................................................................................
$98,230
9,281
2,000
2. 500
7,256
3,051
900
2,316
893
70
76
00
00
37
04
33
16
03
$126,438 45
RECEIPTS
Cash on hand January 1, 1920.......... ...............................................
Dues credited to members ................................................................
Money borrowed ...................................................................................
Mortgages redeemed, foreclosed or transferred to real estate.
Loans on shares repaid .................................................
Fees rece iv e d ..........................................................................................
Fines received .....................................................................................
Interest received ............................................................ ....................
Dividends retained on withdrawals ..............................................
Advances r e p a id ...................................................................................
$3, 821 13
24,103 35
24,000 00
30,300 00
1,265 00
291 00
91 14
6, 934 38
236 38
4S 80
$70,829 18
DISBURSEMENTS
Loaned on mortgage ..........................................................................
Loaned on shares .................................................................................
Dues repaid on withdrawal, or applied on loans.......................
Dividends paid on withdrawal, or applied on loans...................
Cash dividends paid on income and accumulative prepaid
sh a re s.......................................................................
Paid matured shares ..........................................................................
Paid borrowed money and prior mortgages.................................
Paid interest on borrowed money and prior mortgages.............
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage..........................................
Paid r e n t .............................. . ...............................................................
Paid banking department, examination .......................................
Paid banking department, assessment............................................
Advances for taxes, insurance, e tc ....................................................
Audits by certified public accountants............................................
Supplies and sundries .................................................
Cash on hand December 31, 1 9 2 0 ....................................................
$19,800
855
12,693
1,181
00
00
77
22
840
4,461
26, 500
324
872
67
240
22
4
80
50
99
2,735
07
94
00
70
00
50
00
50
69
80
00
37
62
$70,829 18
Plan, permanent. Par value of shares, $100 and $200. Instalments are $1
monthly.
Shares in force January 1, 1920, 1,884; shares issued during the year,
617; shares withdrawn during the year, 302; shares in force, 2,109. Borrow
ing members, 31, holding 670 shares; non-borrowing members, 180, holding
1,439 shares. Female shareholders, 56, holding 569 shares. Total dividends
credited members during the year on instalment shares, $3,217.89; rate, 5
per cent. Total dividends credited or paid in cash to members during the
year on other shares, $840.07; rate, 5 per cent.
No unpaid withdrawals. Amount of shares matured during the year,
$4,461.94. Membership fee, $1. Operating expenses, as defined in section
390 of the Banking Law, incurred and paid during the year, $1,328.89.
K in g s
133
C ounty
N o premium plan. Interest paid by borrowing members, 6 per cent. No
premium charged.
Loans have been made in Kings,. Queens, New York, Nassau and Suffolk
counties, New York State. Largest mortgage loan outstanding, $12,000.
Mortgages in force in New York State, $117,500. No foreclosures during the
year.
BROOKLYN CITY SAVINGS AND LOAN ASSOCIATION
No. 91 Court street, Brooklyn, N. Y.
[Organized under Law of 1851.
Officers
President.....................
Secretary....................
Treasurer...................
Attorney.....................
Commenced business 1887]
Names
THOMAS .T. K E L L Y ................................
GEORGE A. ROSE....................................
JOHN D. HOLSTEN................................
JOSEPH H. DELANEY...........................
Post-office addresses
91 Court Street.
91 Court Street.
91Court Street.
189
Montague Street
ASSETS
Loans on bond and m o r tg a g e ............................................................
Stocks and bonds .................................................................................
Real estate ...........................................................................................
Cash on hand and in bank................................................................
Interest accrued ...... ............................................................................
$701, 200
27, 759
30,000
20,504
6,639
00
00
00
17
12
$786,183 29
LIABILITIES
Due shareholders, dues ......................................................................
Due shareholders, dividends credited..............................................
Undivided profits ........................... .....................................................
Guaranty fund
.............................................................................
Suspended accounts .............................................................................
$705,245
16,721
16,255
46,000
1 , 960
01
63
98
00
67
$786.183 29
RECEIPTS
Cash on hand January 1, 1920..........................................................
Dues credited to members ................................................................
Money borrowed ...................................................................................
Mortgages redeemed, foreclosed or transferred to real esta te..
Interest receiv ed ...................................................................................
Premium received ..............................................................................
Rent received .......................................................................................
Liberty loan bonds ............................................................................
Interest accrued .................................................................................
S u n dries..................................................................................................
$25, 459
220,626
10,000
90, 750
35, 068
1, 017
2,633
450
10.344
285
27
56
00
00
32
68
00
00
20
21
$396, 634 30
DISBURSEMENTS
Loaned on mortgage ..........................................................................
Dues repaid on withdrawal, or appliedon loans...........................
Dividends paid on withdrawal, or applied onloans..................
Cash dividends paid on income and accumulative prepaid
sh a res..................................................................................................
Paid borrowed money and prior mortgages...................................
Paid interest on borrowed money and prior mortgages...........
Paid salaries and clerk-hire ............................................................
Paid advertising, printing and p o s ta g e .........................................
$134, 250 00
186,102 41
16,053 67
9,194
10, 000
180
4, 767
226
84
00
73
54
18
134
R eport
on
S a v in g s
L oan
and
A s s o c ia t io n s
Paid rent .............................................................................................
Paid repairs to real estate ..............................................................
Paid taxes, insurance, etc ................................................................
Paid banking department, examination..........................................
Paid banking department, assessment ..........................................
Interest accrued .................................................................................
General expenses .................................................................................
S u n dries..................................................................................................
Cash on hand December 31, 1920 ......................................................
$900
128
808
42
24
1 2 ,33d
780
245
20,594
00
47
42
25
50
03
09
00
17
$396,634 30
Plan, permanent. Par value of shares, $100 and $200. Instalments are
$1 monthly.
Shares in force January 1, 1020, 8,507; shares issued during the year,
1,982; shares withdrawn during the year, 1,550; shares in force, 8,939.
Borrowing members, 147, holding 1,775 shares; non-borrowing members, 796.
holding 7,164 shares. Female shareholders, 445, holding 3,930 shares. Total
dividends credited members during the year on instalment shares, $11,779.16;
rate, 5 per cent. Total dividends credited or paid in cash to members during
the year on other shares, $9,194.84; rate, 5 per cent.
No unpaid withdrawals. Operating expenses, as defined in section 390
o f the Banking Law, incurred and paid during the year, $6,673.91.
Premium plan, premium interest. Interest paid by borrowing members,
6 per cent. No premium charged.
Loans have been made in Kings, Queens, Nassau, New York, Westchester
and Richmond counties, New York State, and in New Jersey. Largest mortgate loan outstanding,, $10,000. Mortgages in force in New York State,
$609,700. Two foreclosures during the year.
BROOKLYN M UTUAL BUILDING AND LOAN ASSOCIATION
No. 526 Nostrand avenu«, Brooklyn, N. Y.
[Organized under Law o f 1851.
Officers
President.....................
Secretary.....................
Treasurer....................
Attorneys...................
Commenced business 1883]
Names
E. R. SMITH..............................
EDWARD CROWN....................
LEWIS F. PAG E......................
REMSEN & PARSONS...........
Post-office addresses
507 Eastern Parkway.
505 Lorimer Street.
564 East 34th Street.
60 Wall St., New York, N. Y.
ASSETS
Loans on bond and m o r tg a g e ...................................
Loans on shares ............................................................
Shares o f Land Bank of State o f New Y ork ........
Cash on hand and in bank..........................................
Furniture and fixtures ................................................
Interest, premium, fees and fines due and unpaid
Amount due from ex-treasurer ...............................
$53, 371 66
5,872 58
1,000 00
2,243
60
114
361
10
00
SO
90
$63,024 04
LIABILITIES
Due shareholders, dues........................................................................
Due shareholders, dividends credited ..............................................
Due shareholders, matured shares .............. .................................
Undivided profits .........................................................................
Guaranty fund .....................................................................................
$44, 028
8,499
8, 736
323
1,408
35
02
23
02
40
K in g s
C ounty
Suspense account dues ......................................................................
Suspense account dividends ............................................................
135
$ 20 93
8 09
$63,024 04
RECEIPTS
Cash on hand January 1, 1900........................................................
Dues credited to members ................................................................
Money b o rro w e d ...................................................................................
Mortgages redeemed, foreclosed or transferred to real estate. .
Loans on shares repaid ....................................................................
Fines received . . . ...............................................................................
Interest received .......................................................... ......................
Dividends retained on withdrawals................................................
Advances repaid ...................................................................................
Refund by ex-trea su rer......................................................................
A d ju stm en t.............................................................................................
$10,832 04
11,748 17
5, 000 00
8,600 00
1,852 34
34 02
3, 701 01
1996
56 59
167 35
2 45
$42,013 93
DISBURSEMENTS
Loaned on mortgage ..........................................................................
Loaned on shares .................................................................................
Dues repaid on withdrawal, or applied on loans.........................
Dividends paid on withdrawal, or applied on loans...................
Paid matured shares ........................................................................
Paid borrowed money and prior mortgages...................................
Paid interest on borrowed money and prior mortgages..........
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage.......................................
Paid rent ...............................................................................................
Paid banking department, examination.........................................
Paid banking department, assessment...........................................
Officers’ bonds .......................................................................................
Metropolitan and State League dues, etc.....................................
Interest transferred to dues1 .......... ...................................................
Special dividend on matured shares................................................
Interest charged to ex-treasurer ....................................................
Amount due from ex-treasurer ........................................................
Cash on hand December 31, 1920 ....................................................
$14, 050 00
4, 083 34
12,333 32
3, 009 99
40 00
5,000 00
53 67
355 67
38 85
18000
7317
3 02
16 00.
28 00
6 50
11 60
’.25 80
"61 90
2,243 10
$42,013 93
Plan, serial. Par value of shares, $200. Instalments are $1 monthly.
Shares in force January 1, 1920, 725; shares issued during the year, 182;
shares withdrawn during the year, 196; shares in force, 711. Borrowing
members, 25, holding 266 shares; non-borrowing members, 104, holding 445
shares. Total dividends credited members during the year on instalment
shares, $2,439.25:; rate, 5 per cent. Total dividends credited or paid in cash
to members during the year on other shares, $233.77; rate, 5 per cent.
No unpaid withdrawals. Operating expenses, as defined in section 390
of the Banking Law, incurred and paid during the year, $672.19.
No premium plan. Interest paid by borrowing members, 6 per cent. No
premium charged.
Loans have been made in Kings, Queens, Westchester and Richmond
counties, New York State. Largest mortgage loan outstanding, $4,500. M ort
gages in force in New York State, $53,371.66. No foreclosures during the
year.
136
K epobt
on
S a v in g s
and
L oan
A s s o c ia t io n s
BUSHW ICK CO-OPERATIVE BUILDING AND LOAN ASSOCIATION
No. 612 Grand! street, Brooklyn, N. Y.
[Organized under Law o f 1851. Commenced business 1888]
Officers
P resident...................
Secretary.....................
Treasurer....................
Attorney......................
Names
CHARLES J. McGINNESS..................
WILLIAM A. ERNST.............................
C. J. McGINNESS.............................. ....
JAMES P. JUDGE..................................
Post-office addresses
98 Decatur street.
824 Lincoln Place.
96 Decatur Street
189 Montague Street
ASSETS
Loans on bond and mortgage ..........................................................
Loans on shares ...................................................................................
Stocks and bonds ...............................................................................
Shares of Land Bank of State of New Y o r k ...............................
Beal estate ...........................................................................................
Cash on hand and in bank ..............................................................
Advances for taxes, insurance, etc...................................................
$148 \800
945
1,300
1,000
10,000
11,585
301
00
00
00
00
00
89
57
$173,932 46
LIABILITIES
Due shareholders, dues .......................................................................
Undivided profits .................................................................................
Guaranty fund ....................................................................
Suspense accounts- ...............................................................................
$160,267
5,883
7,700
81
04
56
00
86
$173,932 46
RECEIPTS
Gash on hand January 1,1920 .........................................................
Dues credited to members ...............................................
Money borrowed ..................................................................................
Mortgages redeemed, foreclosed or transferred to real e sta te ..
Loans on shares repaid ....................................................................
Interest received ..................................................................................
Premium received ................................................................................
Bent received .......................................................................................
Advances repaid ...................................................................................
Liberty Loan bonds ...........................................................................
Profit and loss .....................................................................................
$6,578
44,349
3,000
33,800
2, 465
8,454
990
1,090
399
800
4
89
21
00
00
00
10
47
20
00
00
32
$101,931 19
DISBURSEMENTS
Loaned on mortgage ................................. .........................................
Loaned on s h a r e s ..................... .......................... .................................
Dues repaid on withdrawal, or applied on loans .....................
Gash dividends paid: on income and accumulative prepaid
shares .................................................................................................
Paid borrowed money and prior m o rtg a g e s.................................
Paid interest on borrowed money and prior mortgages..........
Paid salaries and clerk-hire ..........................................................
Paid advertising, printing and postage .......................................
Paid rent ...............................................................................................
Paid r e p a i r s to T e a l e s t a t e ................
Paid taxes, insurance, etc....................................
Paid banking department, examination .......................................
Paid bonking department, assessment .........................................
Advances for taxes, insurance, etc....................................................
$50,400 00
1,580 00
31,474 71
406 17
3 ,0 00 00
45
1,666
126
480
75
280
25
5
50
31
25
00
95
92
50
85
342. 44
K in g s
137
C ounty
Interest and premium, o v e r p a id ................
Suspense account .................................................................................
Profit and loss ...................................................................................
General expenses ............
Cash on hand December 31, 1920 ............................................. -
$10
1
3
419
11,585
61
31
93
85
89
$101,931 19
Plan, permanent. Par value of shares, $100. Instalments are 10 cents
weekly.
Shares in force January 1, 1920, 4,564; shares issued during the year,
2,712; shares' withdrawn during the year, 1,217; shares in force, 6,059.
Borrowing members, 53, holding 1,226 shares; non-borrowing members, 301,
holding 4,833 shares. Female shareholders, 130, holding 1,623 shares. Total
dividends credited members during the year on instalment shares, $6,028.85;
rate, 5 per cent. Total dividends credited or paid in cash to members during
the year on other shares, $406.17; rate, 5 per cent.
No unpaid withdrawals. Operating expenses, as defined in section 390 of
the Banking Law, incurred and paid during the year, $2,692.41.
Premium plan, instalment. Interest paid by borrowing members, 5% and
6 per cent. Premium paid by borrowing members, 6 7/10 cents per share
per month.
Loans have been made in Kings, Queens and New York counties, New York
State. Largest mortgage loan outstanding, $8,000. Mortgages in force in
New York State, $148,800. N o foreclosures during the year.
EAST BROOKLYN SAVINGS AND LOAN ASSOCIATION
No. 1012 Gates avenue, Brooklyn, N. Y.
[Organized under Law of 1861.
Officers
President.....................
Secretary.....................
Treasurer.................
Attorney .................
Commenced business 1886]
Names
GEORGE J. BEYER.............................
ALFRED B A IL E Y ...............................
WILLIAM STODDARD..........................
BRYER H. PBNDRY...........................
Post-office addresses
1112 Decatur Street.
1012 Gates Avenue.
590 Macon Street.
1012 Gates Avenue.
ASSETS
Loans on bond and mortgage ..........................................................
Loans on shares ...................................................................................
Stocks and bonds .................................................................................
Shares of Land Bank of State of New York .............................
Beal estate ...........................................................................................
Cash on hand and in bank ..............................................................
Advances for taxes, insurance, etc...................................................
$634,542
300
70,400
1,000
15,450
18,938
134
67
00
00
00
00
44
06
$740,765 17
LIABILITIES
Due shareholders, dues ....................................................................
Balance to be paid borrowers on mortgage l o a n s .......................
Prior mortgages ...................................................................................
Undivided profits ..........................
Guaranty fund ...................................................................................
Special deposits ...................................................................................
Suspense account .................................................................................
Beal estate contract ..........................................................................
$669,576
3,100
8,500
29,394
28,809
384
526
474
56
00
00
51
27
00
66
17
$ 7 4 0 ,7 6 5 17
138
R epoet
on
S a v in g s
and
L oan
A s s o c ia t io n s
RECEIPTS
Cash on hand January 1, 1920 ......................................................
Dues credited to members . . . . ........................................................
Prior mortgages ...................................................................................
Mortgages redeemed, foreclosed or transferred to real esta te..
Loans on shares repaid ....................................................................
Beal estate sold ...................................................................................
Interest received .................................................................................
Bent received .......................................................................................
Advances repaid ..................................................................................
Special deposits ...................................................................................
Liberty Loan bonds .............................................................................
Liberty Loan shares ...........................................................................
Beal estate contract ...........................................................................
Depreciation on railroad b o n d s ........................................................
Furniture .......................................
Guaranty fund .....................................................................................
$13,874
333,366
4,000
70,888
2,020
3,438
36,341
2,004
865
18,314
150
46
87
351
200
1,444
83
77
00
20
00
40
30
05
80
78
00
00
23
25
00
81
$487,393 51
DISBURSEMENTS
Loaned on mortgage ...........................................................................
Loaned on s h a r e s .................................................................................
Dues repaid on withdrawal, or applied on lo a n s .........................
Cash, dividends paid on income and accumulative prepaid
shares .................................................................................................
Paid borrowed money and prior m o r tg a g e s.................................
Paid interest on borrowed money and prior mortgages. . . . . . .
Paid salaries and clerk-hire ............................................................
Paid advertising, printing and p o s ta g e ..........................................
Paid rent ...............................................................................................
Paid repairs to real e s t a t e ................................................................
Paid taxes, insurance, etc. ..............................................................
Paid banking department, examination .......................................
Paid banking department, assessment ............................................
Officers* bonds .......................................................................................
Advances for taxes, insurance, etc...................................................
State League dues and expenses .....................................
Liberty Loan bonds .......................................................... ,.................
U. S. Treasury Certificates of Indebtedness...........................
Dividends to d u e s ................................................................................
Guaranty fund .....................................................................................
Janitor and telephone .......................................................................
Light and heat .....................................................................................
Special deposits ..........................
Furniture ................................................................................................
Railroad bonds ....................................................................................
Suspense account .................................................................................
Cash on hand December 31, 1920 ....................................................
$175,450 00
1,950 00
186,866 80
2,030 25
9,350 00
. 698 85
4,414 00
1,345 01
900 00
1,562 65
439 94
59 75
22 96
19 00
814 16
63 00
150 00
3 8 ,0001 00
23,391 82
1 , 444 81
447 29
353 70
18,077 78
200 00
351 25
52 05
18,938 44
$487,393 51
Plan, permanent. Par value of shares, $100. Instalments are 50 cents
monthly.
Shares in force January 1, 1920. 10,317; shares issued during the year,
4,139; shares withdrawn during the year, 1,655; shares in force, 12,801.
Borrowing members, 189, holding 4,740 shares; non-borrowing members,
1,314, holding 8,061 shares. Total dividends credited members during the
year on instalment shares, $23,301.82; rate, 4% per cent. Total dividends,
credited or paid in cash to members during the year on other shares,
$2,030.25; rate, 4 % pear cent.
K in g s
139
C ounty
No unpaid withdrawals. Operating expenses, as defined in section 390 of
the Banking Law, incurred and paid during the year, $7,542.
No premium plan. Interest paid by borrowing members, 6 per cent. No
premium charged.
Loans have been made in Kings, Queens, Nassau, New York and West
chester counties, New York State, and in New Jersey. Largest mortgage
loan outstanding, $22,000. Mortgages in force in New York State, $634,542.67. No foreclosures during the year.
EAST N E W YORK SAVINGS AND LOAN ASSOCIATION
No. 2790 Fulton street, Brooklyn, N. Y.
[Organized under Law o f 1802.
Officers
President.....................
Secretary.....................
Treasurer...................
Commenced business 1802]
Names
GEORGE W. PALMER.................
RICHARD A. THOMSON.............
JAMES DEAN.................................
Post-office addresses
48 Ashford Street.
Woodhaven, N. Y.
2322 Madison Street.
ASSETS
Loans on bond and mortgage ......................
Stocks and b o n d s ............................. ................
Contracts for the sale of real e s t a t e ..........
Real e s t a t e ..........................................................
Cash on fignd and in bank .........................
Furniture and fixtures ......................... ..
$53,800
3,306
600
18,651
1, 085
10
00
96
00
00
25
00
$77,453 21
LIABILITIES
Due shareholders, d u e s ......................................................................
Prior mortgages ..................................................................................
Undivided profits .................................................................................
Guaranty fund .....................................................................................
Salaries accrued ...................................................................................
$51, 402
2, 000
15, 051
8, 850
150
06
00
15
00
00
$77,453 21
RECEIPTS
Cash on hand January 1, 1920 ..................................... ..................
Dues credited to members ................................................................
Mortgages redeemed, foreclosed or transferred to real estate. .
Interest received ................................. ............................................
Premium received ................................................................................
Advances repaid ..................................................................................
Liberty loan bonds .............................................................................
Land Bank stock .................................................................................
Advertising, printing and postage .................................................
Profit on sale of fu r n itu r e ................................................................
Profit on Liberty loan b o n d s ............................................................
Salaries accrued ...................................................................................
Suspense account ........................................................................
Profit and loss adjustments .............................................................
Depreciation on real estate ..............................................................
Sale of fu rn itu r e ...................................................................................
Interest paid in advance ..........................................................
$1,241
9, 581
28, 600
5,156
321
343
7, 200
2, 000
10
70
1, 004
150
3
48
2, 700
120
70
44
82
00
88
40
93
00
00
50
00
68
00
45
40
00
00
75
$58,623 25
140
R epoet
on
S a v in g s
L oan
an d
A s s o c ia t io n s
DISBURSEMENTS
Loaned on mortgage ...................................................................... .. .
Dues repaid on withdrawal, or applied on lo a n s .......................
Paid borrowed money and prior mortgages . . ...........................
Paid interest on borrowed money and prior m ortg a g es.............
Paid salaries and clerk-hire ............................................................
Paid advertising, printing and postage...........................................
Paid rent ...............................................................................................
Paid taxes, insurance, etc....................................................................
Paid banking department, examination .......................................
Paid banking department, assessm ent............................................
Advances for taxes, insurance, etc...................................................
Interest adjustment on Liberty bonds ..........................................
Suspense a c c o u n ts ................................................................................
Interest paid in a d v a n c e ........ ...........................................................
Furniture and fix tu r e s .......................................................................
Profit on Liberty bonds ....................................................................
Depreciation on real estate ..............................................................
Sundries .................................................................................................
Cash on hand December 31, 1920 ....................................................
$2, 500
46, 906
1 , 800
219
755
223
410
452
34
4
316
64
70
70
1, 004
2, 700
6
1, 085
00
99
00
00
00
30
00
14
00
62
43
32
38
75
00
68
00
39
25
$58,623 25
Plan, permanent. Par value of shares, $100. Instalments are 10 cents
weekly and 50 cents monthly.
Shares in force January 1, 1920, 4,714; shares issued during the year,
none; shares withdrawn during the year, 724; shares in force, 3,990. Bor
rowing members, 8, holding 162 shares; non-borrowing members, 278, hold
ing 3,828 shares. Amount of filed and unpaid withdrawals December 31,
1920, $21,931.54. Operating expenses, as defined in section 390 o f the Bank
ing Law, incurred and paid during the year, $1,388.30.
Premium plan, instalment. Interest paid by borrowing members, 5% per
cent, and 6 per cent. Premium paid borrowing members, 5 cents per week
and 8% cents per month.
Loans have been made in Kings, Queens, Nassau and Suffolk counties,
New York State. Largest mortgage loan outstanding, $10,000. Mortgages
in force in New York State, $53,800. Three foreclosures during the year.
TH E EQUITABLE CO-OPERATIVE BUILDING AND LOAN ASSOCIATION
No. 124 Court street, Brooklyn, N . Y .
[Organized under Law o f 1851.
Officers
President.
Secretary.
Treasurer
Attorney.
Commenced business 1888]
Names
JAMES P. JUDGE...........
THOMAS M. MANNION.
JAMES P. COLLINS___
JAMES P. JUDGE.........
189
244
184
189
Post-office addresses
Montague Street.
Macon Street.
Midwood Street.
Montague Street.
ASSETS
Loans on bond and mortgage ..........................................................
Stocks and b o n d s .................................................................................
Shares of Land Bank State of New Y o rk .....................................
Cash on hand and in bank ..............................................................
Advances for taxes, insurance, etc. ................................................
$231, 300
26,450
1,000
15, 208
3
00
00
00
90
27
$ 2 7 3 ,9 6 2 17
K in g s
C ounty
141
LIABILITIES
Due shareholders, dues and d iv id en d s...........................................
Prior mortgages ........................................................................... ..
Undivided profits ................................................................................
Guaranty fund .....................................................................................
Due member, fire loss ........................................................................
Dividends declared on income shares ...........................................
$243,191
3, 000
13,459
12, 200
290
1 , 820
53
00
72
02
65
25
$273,962 17
BECEIPTS
Cash on hand January 1, 1920 ........................................................
Dues credited to members ................................................................
Mortgages redeemed, foreclosed or transferred to real esta te..
Interest rece iv e d ..................................................................................
Advances repaid ...................................................................................
Liberty loan bonds ............................................................................
$16,481
87, 638
58,750
14, 992
380
400
57
46
00
74
00
00
$178,642 77
DISBURSEMENTS
Loaned on mortgage ..........................................................................
Dues repaid on withdrawal, or applied on l o a n s .......................
Cash dividends paid on income and accumulative prepaid
shares .................................................................................................
Paid matured s h a r e s ..........................................................................
Paid interest on borrowed money and prior m o rtg a g e s ..........
Paid salaries and clerk-hire ............................................................
Paid advertising, printing and p o s ta g e .........................................
Paid rent ...............................................................................................
Paid banking department, assessm ent......................
Advances for taxes, insurance, etc...................................................
Liberty loan bonds .............................................................................
U. S. Certificates of Indebtedness ..................................................
General expenses ..................................................................................
Cash on hand December 31, 1920 ..........
$70, 950 00
25,144 19
2, 933 52
39, 750 00
198 10
3, 412 84
233 62
350 00
8 60
91 40
100 00
20, 000 00
261 60
15,208 90
$178,642 77
Plan, permanent. Par value of shares, $100 and $250. Instalments are
10 cents and 25 cents weekly.
Shares fin force January 1, 1920, 7,867; shares issued during the year,
3,036; shares withdrawn during the year, 723; shares in force, 10,180. Bor
rowing members, 69, holding 1,745 shares, non-borrowing members, 310, hold
ing 8,435 shares. Total dividends credited members during the year on
instalment shares, $6,565.36; rate 5 per cent. Total dividends credited or
paid in cash to members during the year on other shares, $2,933.52; rate,
5 per cent.
No unpaid withdrawals. Amount of shares matured during the year,
$39,750. Operating expenses, as defined in section 390 of the Banking Law,
incurred and paid during the year, $4,258.06.
Premium plan, premium-interest. Interest paid by borrowing members,
6 per cent. Premium paid by borrowing members, 8/10 of 1 per cent.
Loans have been made in Kings, Queens and Bronx counties, New York
State. Largest mortgage loan outstanding, $14,000. Mortgages in force in
New York State, $231,300. No foreclosures during the year.
142
R eport
on
S a v in g s
L oan
and
A s s o c ia t io n s
FIFTH AV E N U E SAVINGS AND LOAN ASSOCIATION
No. 487 Fifth avenue, Brooklyn, N. Y.
[Organized under Law o f 1851.
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................
Commenced business 1800]
Names
WM. M. KELLOGG..............................
STEPHEN Y. M cN AIR........................
WM. J. ALLEN.....................................
JAMES P. JUDGE.................................
Post-office addresses
488
422
505
189
Thirteenth Street.
Fifth Street.
Sixth Avenue.
Montague Street.
ASSETS
Loans on bond and mortgage...........................................................
Loans on shares .............................................................................
Stocks and b on d s................................................................................
Cash on hand and in bank................................................................
Furniture and fixtures........................................................................
Interest, premium, fees and fines due and unpaid.......................
$117,200
3,850
1,250
4,863
50
764
00
00
00
91
00
25
$127,978 16
LIABILITIES
Due shareholders, dues ......................................................................
Due shareholders, dividends c re d ite d ...........................................
Borrowed money .................................................................................
Undivided profits ..........
Guaranty fund .....................................................................................
$42, 238
64,531
5,500
10,707
5,000
56
97
00
63
00
$127,978 16
RECEIPTS
Cash on hand January 1, 1920 ........................................................
Dues credited to members..................................................................
Money borrowed ................................................................................
Mortgages redeemed, foreclosed or transferred to real estate. .
Loans on shares repaid.......................................................................
Interest received ....................................
Premium received ...............................................................................
Liberty loan bonds...............................................................................
$8, 910
32,521
22,000
8, 900
3,040
7,601
557
210
76
43
00
00
00
32
39
00
$83,740 90
DISBURSEMENTS
Loaned on mortgage ...........................................................................
Loaned on s h a r e s .................................................................................
Dues repaid on withdrawal, or applied on loans.........................
Dividends paid on withdrawal, or applied on loans....................
Paid borrowed money and prior mortgages.................................
Paid interest on borrowed money and prior mortgages.............
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage..........................................
Paid rent ...............................................................................................
Paid banking department, assessment............................................
State League dues ...............................................
Auditors .....................................
Cash on hand December 31, 1920....................
$31,900
3,250
22,037
3,779
16,500
253
756
44
312
4
5
35
4,863
00
00
04
56
00
63
02
30
00
44
00
00
91
$83,740 90
K in g s
143
C ounty
Plan, permanent. Par value of shares, $100 and $250. Instalments are
10 cents weekly and 25 cents monthly.
Shares in force January 1, 1920, 3,758; shares issued during the year, 998;
shares withdrawn during the year, 804; shares in forte, 3,952. Borrowing
members, 38, holding 469 shares; non-borrowing members, 174, holding 3,483
shares.
Female shareholders, 75, holding 1,480 shares. Total dividends
credited members during the year on instalment shares, $4,926.02; rate,
5% per cent.
No unpaid withdrawals. Operating expenses, as defined in section 390
of the Banking Law, incurred and paid during the year, $1,152.32.
Premium plan, instalment. Interest paid by borrowing members, 5% per
cent and 6 per cent. Premium paid by borrowing members, 2 per cent.
Loans have been made in Kings and Queens counties, New Y ork State.
Largest mortgage loan outstanding, $7,500. Mortgages in force in New York
State, $117,200. No foreclosures during the year.
FLATBUSH CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION
No. 849 Flatbush avenue, Brooklyn, N. Y.
[Organized under Law o f 1887. Commenced business 1889]
Officers
President__
Secretary—
Treasurer__
Attorney.......
Names
Post-offlce addresses
EDWARD B. VANDERVEER. 130 Montague Street.
JOSEPH S. ROWLEE............. 174 Martense Street.
GEORGE W. EGBERT........... 355 East 16th Street.
JOHN D. PRINCE, J R ........... 166 Montague Street.
ASSETS
Loans on bond and mortgage...................................
Loans on shares ..........................................................
Cash on hand and in bank.........................................
Furniture and fixtures ..............................................
Interest, premium, fees and fines due and unpaid
$202,686 33
10,670 00
8,808 14
100 00
20 19
$222,284 66
LIABILITIES
Due shareholders, dues......................................................................
Due shareholders, dividends credited..............................................
Undivided profits .................................................................................
Guaranty fund .....................................................................................
Unearned or rebatable premium......................................................
Interest paid in advance....................................................................
$176,183
29,785
1,1 5 7
7,900
7,240
18
00
14
81
00
36
35
$222,284 66
RECEIPTS
Cash on hand January 1, 1920..........................................................
Dues credited to members..................................................................
Money borrowed ...................................................................................
Mortgages redeemed, foreclosed or transferred to real estate.
Loans on shares repaid........................................................................
Fees r e ce iv e d .........................................................................................
Fines r e ce iv e d .......................................................................................
Interest received .................................................................................
Premium re ce iv e d .................................................................................
Dividends retained on withdrawals..................................................
Appraisal charges .......................................
Profit and loss premium....................................................................
Reserve fund .........................................................................................
'
$7,092
53,017
10,000
21,404
3,275
462
142
9,523
4,344
368
145
544
500
37
00
00
85
00
75
58
78
25
82
00
67
00
$ 1 1 0 ,8 2 1 07
144
R eport
on
S a v in g s
L oan
an d
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 withdrawal, or applied on loans. . .....................
Dividends paid on withdrawal, or applied on loans.....................
Paid matured shares ..........................................................................
Paid borrowed money and prior m ortgages...................................
Paid interest on borrowed money and prior mortgages . . . . . .
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage......................
Paid r e n t ..........................................
Paid banking department, assessm ent...........................................
Appraisal c h a rg e s ................
Premium earned ...................................................................................
. Premium rebated ..............
Profit and loss, reserve fu n d ...........................................................
General expenses ............................. . ............................................. 1.
Cash on hand December 31, 1920......................................................
$62, 344 25
8,835 00
9,124 00
1, 844 20
7,012 70
10,000 00
31 77
1,033 30
224 95
120 00
6 49
145 00
544 67
180 09
500 00
66 51
8, 808 14
$110,821 07
Plan, serial. P ar value o f shares, $200. Instalments are $1 weekly.
Shares in force January 1, 1920, 3,494; shares issued during the year, 1,837;
shares withdrawn during the year, 207; shares in force, 5,124. Borrowing
members, 70, holding 1,334 shares; non-borrowing members, 648, holding
3,790 shares. Female shareholders, 266, holding 2,020 shares. Total divi
dends credited members during the year on instalment shares, $9,674.40;
rate, 5*& per cent.
N o unpaid withdrawals. Amount of shares matured during the year,
$7,012.70. Entrance fee, 25 cents per share. Operating expenses, as defined
in section 390 o f the Banking Law, incurred and paid during the year,
$1,444.76.
Premium plan, gross. Interest paid by borrowing members, 5 per cent.,
5 % per cent, and 6 per cent. Premium paid by borrowing members, $12 to
$20 per share.
Loans have been made in Kings and Queens counties, New Y ork State.
Largest mortgage loan outstanding, $12,190. Mortgages in force in New
Y ork State, $202,686.33. N o foreclosures during the year.
FORT GREENE CO-OPERATIVE BUILDING AND LOAN ASSOCIATION
No. 401 Bridge street, Brooklyn, N. Y.
[Organized under Law of 1851.
Officers
President.....................
Secretary...................
Treasurer....................
Attorney......................
Commenced business 1889]
Names
JOHN J. KENNEY................................
GEORGE D. WILSON.....................
JAMES R. BRACKEN............................
HENRY E. HEISTAD............................
Post-office addresses
100 N. Oxford Street.
271 Adelphi Street.
146 Rutland Road.
190 Montague Street.
ASSETS
Loans on bond and m ortgage........................................................ . .
Loans on sh a re s....................................................................................
Stocks and b o n d s ..................................................................................
Cash on hand and in bank..................................................................
Furniture and fix tu res........................................................................
Interest, premium, fees and fines due and unpaid.......................
$157, 300
15,105
7, 500
4,655
80
1,840
00
00
00
08
00
15
$186, 4 8 0 2 3
K in g s
C ounty
145
LIABILITIES
Due shareholders, dues ......................................................................
Due shareholders, dividends credited.............................................
Undivided profits .................................................................................
Guaranty f u n d ......................................................................................
Suspense a c c o u n t..................................................................................
$139,350
35, 235
5,698
6,17®
16
85
02
02
84
50
$186, 480 23
RECEIPTS
Cash on hand January 1, 1920..........................................................
Dues credited to members....................................................................
Money borrowed ...................................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares repaid........................................................................
Fees received .........................................................................................
Fines r e ce iv e d ........................................................
Interest received ..................................................................................
Premium re ce iv e d .................................................................................
Dividends retained on withdrawals..................................................
A p p ra isa ls..............................................................................................
Income account, Liberty loan bonds................................................
$22, 790 04
32,784 66
16,000 00
14,100 00
7, 850 00
72 00
77 41
9,122 94
666 19
734 61
45 00
313 10
$104,555 95
DISBURSEMENTS
Loaned on mortgage ................................... .........................................
Loaned on sh a res..................................................................................
Dues repaid on withdrawal, or applied on loans...........................
Dividends paid on withdrawal, or applied on loans...................
Paid matured shares ..........................................................................
Paid borrowed money and prior mortgages...................................
Paid interest on borrowed money andprior mortgages..............
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage.........................................
Paid r e n t ................................................................................................
Paid banking department, assessm ent...........................................
Officers’ bonds ............................................
State League dues ...............................................................................
A p p ra isa ls..............................................................................................
A u d ito r s ..................................................................................................
Safe deposit box ...................................................................................
Revenue s ta m p s....................................................................................
Cash on hand December 31, 1920......................................................
$29,000
11,545
13,112
2, 936
11,296
30,000
278
1,368
155
125
6
6
12
45
10
5
3
4, 655
00
00
50
55
72
00
54
00
50
00
86
00
00
00
00
00
20
08
$104,555 95
Plan, permanent. Par value of shares, $200 and $250. Instalments are 25
cents weekly and $1 monthly.
Shares in force January 1,1920,2,301; shares issued during the year, 1,127;
shares withdrawn during the year, 432; shares in force, 2,996. Borrowing
members, 59, holding 896 shares; non-borrowing members, 261, holding 2,100
shares. Female shareholders, 121, holding 820 shares. Total dividends cred
ited members during the year on instalment shares, $8,727.03; rate, 6 per
cent.
No unpaid withdrawals. Amount of shares matured during the year,
$11,296.72. Entrance fee, 50 cents and $1 per share. Operating expenses, as
defined in section 390 of the Banking Law, incurred and paid during the
year, $1,683.36.
Premium plan, instalment. Interest paid by borrowing members, 5Vz per
cent, and 6 per cent. Premium paid by borrowing members, 4/5 of 1 per cent.
Loans have been made in Kings, Queens and Richmond counties, New York
State. Largest mortgage loan outstanding, $10,000. Mortgages in force in
New York State, $157,300. No foreclosures during the year.
146
R eport
on
S a v in g s
L oan
an d
A s s o c ia t io n s
FULTON CO-OPERATIVE BUILDING AND LOAN ASSOCIATION
No. 177 Berkeley place, Brooklyn, N. Y.
[Organized under Law of 1851.
Officers
President.....................
Secretary.....................
T rea su rer...'.............
Commenced business 1888]
Names
NATHAN CANTER....................
J. F. RATHBON........................
CHARLES C. JACOBS...........
Post-office addresses
253 Hoyt Street.
13 Baxter Street, New York.
798 President Street.
ASSETS
Loans on bond and m ortgage............................................................
Loans on shares ...................................................................................
Cash on hand and in bank..................................................................
Furniture and fix tu re s........................................................................
$51,550
225
4,724
182
00
00
00
60
$56,681 60
LIABILITIES
Due shareholders, dues ......................................................................
Due shareholders, dividends credited...............................................
Undivided profits .................................................................................
Guaranty f u n d ......................................... .(.......................................
$50,893
1 , 934
129
3, 724
41
47
18
54
$56,681 60
RECEIPTS
Cash on hand January 1,1920.....................................
Dues credited to members..................................................................
Loans on shares repaid.........................................................................
Fees received .........................................................................................
Interest r e ce iv e d ...................................................................................
Rent re ce iv e d .........................................................................................
$2,672
15,789
325
8
2, 957
120
86
90
00
00
74
00
$21, 873 50
DISBURSEMENTS
Loaned on shares .................................................................................
Dues repaid on withdrawal, or applied on loans.........................
Dividends paid on withdrawal, or applied on loans...................
Cash dividends paid on income and accumulative prepaid
sh a re s...................................................................................................
Paid salaries and clerk-hire ............................................................
Paid advertising, printing and postage.........................................
Paid r e n t ................................................................................................
Paid banking department, exam ination .........................................
Paid banking department, assessm ent...........................................
E le ctric ity ..............................................................................................
General expen ses..................................................................................
Cash on hand December 31, 1920.....................................................
$550 00
13, 579 83
797 96
1, 510 00
338 00
1170
250 00
13 00
273
12 00
84 28
4,724 00
$21, 873 50
Plan, serial. Par value of shares, $100. Instalments are 10 cents weekly.
Shares in force January I, 1920, 930; shares issued during the year, 284;
shares withdrawn during the year, 164; shares in force, 1,050. Borrowing
members, 3, holding 160 shares; non-borrowing members, 56, holding 890
shares. Female shareholders, 18, holding 261 shares. Total dividends cred
ited members during the year on instalment shares, $790.09; rate, 5 per
cent. Total dividends credited or paid in cash to members during the year
on other shares, $1,510; rate, 5 per cent. Amount o f filed and unpaid w ith
K in g s
147
C ounty
drawals December 31, 1920, $4,400. Membership fee, 50 cents. Operating
expenses, as defined in section 390 of the Banking Law, incurred and paid
during the year, $575.98.
N o premium plan. Interest paid by borrowing members, 6 per cent. No
premium charged.
Loans have been made in Kings, Queens and Richmond counties, New York
State, and in New Jersey. Largest mortgage loan outstanding, $10,250.
Mortgages in force in New York State, $50,050. No foreclosures during the
year.
THE GERMAN BUILDING AND SAVING COMPANY OF BROOKLYN, N. Y .
No. 244 Bleecker street, Brooklyn, N. Y .
[Organized under Law o f 1851.
Officers
President....................
Secretary.....................
Treasurer............... ....
Attorney.....................
Commenced business 1886]
Names
HENRY C. MACHOLD.............
ADAM ARCHINAL...................
ADAM ARCHINAL...................
GEORGE L. STAMM.................
Post-office addresses
1818 Fulton Street.
10l4 Forrest Avenue.
1014 Forrest Avenue.
140 Nassau St., New York.
ASSETS
Loans on bond and mortgage ........................................................
Loans on shares ...................................................................................
Cash on hand and in bank ..............................................................
$32,500 00
1,605 00
1,098 12
$35,203 12
LIABILITIES
Due shareholders, dues ....................................................................
Due shareholders, dividends credited ...........................................
Borrowed money ................................................................................
Undivided profits ................................................................................
Guaranty fund ...................................................................................
Unearned or rebatable p re m iu m ....................................................
$30,063
2,600
469
876
-659
536
02
10
50
41
07
02
$36,203 12
RECEIPTS
Cash on hand January 1, 1920 ......................................................
Dues credited to members..................................................................
Money borrowed ................................... ...............................................
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares repaid ............ .......................................................
Fees received .........................................................................................
Fines received .......................................................................................
Interest r e ce iv e d ..........................................................................
Premium received ..............................................................................
Dividends retained on withdrawals ..............................................
$4,145
12, 600
1,569
2,300
1,895
94
36
1,739
241
56
32
58
50
00
00
25
33
14
00
48
$24,677 60
DISBURSEMENTS
Loaned on mortgage ........................................................................
Loaned on shares ...............................................................................
Dues repaid on withdrawal, or applied on loans.........................
Dividends paid on withdrawal, or applied on lo a n s ...................
Paid borrowed money and prior mortgages ...............................
Paid interest on borrowed money and prior m o rtg a g e s..........
Plaid salaries and clerk-hire ............................
$10,800
1,385
7,661
970
2,100
40
464
00
00
37
87
00
00
50
148
R eport
on
S a v in g s
L oan
an d
A s s o c ia t io n s
$68
78
1
8
1,098
Paid advertising, printing and postage ........................................
Paid rent ...............................................................................................
Paid banking department, assessment ...........................................
Officers’ b o n d s ....................... . ..............................................................
Cash on band December 31, 1920......................................................
99
00
95
80
12
$24,677 60
Plan, serial. Par value o f shares, $100. Instalments are 10 cents weekly.
Shares in force January 1, 1920, 1,880; shares issued during the year,
1,085; shares withdrawn during the year, 525; shares in force, 2,440. Bor
rowing members, 16, holding 365 shares; non-borrowing members, 151, hold
ing 2,075 shares. Female shareholders, 55, holding 645 shares. Total divi
dends credited members during the year on instalment shares, $1,087.75;
rate, 4% per cent.
No unpaid withdrawals. Membership fee, 25 cents. Entrance fee, 10 cents
per share. Operating expenses, as defined in section 390 of the Banking Law,
incurred and paid during the year, $622.24.
Premium plan, gross. Interest paid by borrowing members, 6 per cent.
Premium paid by borrowing members, 2 per cent.
Loans have been made in Kings, Queens and Nassau counties, New York
State. Largest mortgage loan outstanding, $5,000. Mortgages in force in
New York State, $32,500. No foreclosures during the year.
HAMILTON SAVINGS AND LOAN ASSOCIATION
No. 498 Court street, Brooklyn, N . Y.
[Organized under Law of 1851.
Officers
Vice-President
Secretary.. . . .
Treasurer... . .
Attorney.........
Commenced business 1889]
Names
ROBERT E. J. CORCORAN----CHARLES J. CULLEN................
FRANCIS SHEA..........................
JOHN P. HURLEY.....................
Post-office addresses
19 Prospect Park, S. W.
39 Third Place.
518 Court Street.
498 Clinton Street.
ASSETS
Loans on bond and mortgage ..........................................................
Loans on shares ................................................................
Stocks and bonds .................................................................................
Shares of Land Bank of State of New Y ork ...................................
Real e s t a t e .............................................................................................
Cash on hand and in bank............................. . .................................
Furniture and fixtures ......................................................................
Advances for taxes, insurance, etc....................................................
$232,150
1,660
450
1,000
6,800
15,128
1,198
2,490
40
25
00
00
00
68
96
67
$260,878 96
LIABILITIES
Due shareholders, d u e s ........ .............................................................
Balance to be paid borrowers on mortgage loans.......................
Borrowed money .................................................................................
Undivided profits .................................................................................
Guaranty fund .....................................................................................
Mortgage ................................................................................................
Deposits .................................................................................................
$239,462
2,500
10,000
4,134
2,242
2,500
40
73
00
00
09
14
00
00
$260,878 96
K in g s
C ounty
149
RECEIPTS
Cash on hand January 1, 1920..........................................................
Dues credited to members..................................................................
Money borrowed ...................................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares repaid........................................................................
Fines received .......................................................................................
Interest received . . . ..........................................................................
Premiums received ..............................................................................
Rent received .......................................................................................
Advances repaid ...................................................................................
Victory loan bond's ............................................................................
Deposits .................................................................................................
Cash over ........................................................'......................................
National defense shares ....................................................................
$6,419
166,457
34,000
18,925
1, 515
104
12,642
766
437
2,141
4,100
557
79
588
78
37
00
64
50
10
09
44
00
65
00
50
97
88
$248,735 92
DISBURSEMENTS
Loaned on mortgage ........ . ...............................................................
Loaned on shares ...............................................................................
Dues repaid on withdrawal, or applied on loans.......................
Paid borrowed money and prior mortgages.................................
Paid interest on borrowed money and prior mortgages............
Paid salaries and clerk-hire. ; ..........................................................
Paid advertising, printing and postage.........................................
Dividends, profit and loss..................................................................
Paid repairs to real estate................................................................
Paid taxes, insurance, e tc ..................................................................
Paid banking department, examination.........................................
Paid banking department, assessment...........................................
Officers’ bonds .....................................................
Advances for taxes, insurance, e tc ....................................................
Metropolitan and State League dues.............................................
Light and heat .....................................................................................
Victory loan bonds ............................................................................
Directors’ fees ....................................................................................
Deposits refunded ...............................................................................
Office fixtures .......................................................................................
Janitress ...............................................................................................
Liberty loan bond and interest........................................................
Pass books .............................................................................................
Interest on mortgage ........................................................................
Sundry expenses ...................................................................................
Cash on hand December 31, 1920....................................................
$76,908
2,505
106,967
31,000
522
1,533
222
6,854
140
196
37
7
12
829
12
122
4,100
36
552
449
72
46
162
137
179
15,128
50
00
11
00
47
00
83
25
90
43
50
05
00
48
00
25
00
50
50
25
00
57
50
50
65
68
$248,735 92
Plan, permanent. Par value of shares, $200 and $250. Instalments are 25
cents weekly.
Shares in force January 1, 1920, 11,934; shares issued during the year,
4,590; shares withdrawn during the year, 1,635; shares in force, 14,889. Bor
rowing members, 71, holding 1,285 shares; non-borrowing members, 1,209,
holding 13,604 shares. Female shareholders, 783, holding 8,754 shares. Total
dividends credited members during the year on instalment shares. $2,797.87;
rate, 5 per cent. Total dividends credited or paid in cash to members during
the year on other shares, $4,056.38; rate, 4% per cent
No unpaid withdrawals. Operating expenses, as' defined in section 390 of
the Banking Law, incurred and paid during the year, $2,288.33.
150
R epoet on Savings and L oan A ssociations
Premium plan, instalment. Interest paid by borrowing members, 5% per
cent and 6 per cent. Premium paid by borrowing members, 10 cents per share
per week.
Loans have been made in Kings and Queens counties, New York State.
Largest mortgage loan outstanding, $15,000. Mortgages in force in New York
State, $232,150.40. N o foreclosures during the year.
KINGS COUNTY SAVINGS AND LOAN ASSOCIATION
No. 1161 Fulton street, Brooklyn, N. Y.
[Organized under Law of 1010.
Officers
President......................................
Secretary......................................
Commenced business 1013]
Names
A. LUDLOW PERKINS............
CHARLES T. TRACE...............
Treasurer..................................... SAMUEL W , LOW.....................
Attorney....................................... JAMES E. W ILLCOX...........
Post-office addresses
1161 Pulton Street.
418 Charlotte Place,
Glendale, N. Y.
49 Linden Avenue.
103 Third Street,
L. I. City, N. Y.
ASSETS
Loans on bond and mortgage ..........................................................
Loans on shares ...................................................................................
Cash on hand and in b a n k ................................................................
$15, 400 00
450 00
1,983 34
$17,833 34
LIAB ILITIES
Due shareholders, d u e s ......................................................................
Due shareholders, dividends c re d ite d ..............................................
Undivided p r o fit s .................................................................................
Guaranty fund .....................................................................................
$15, 919
1, 657
81
175
50
38
26
20
$17,833 34
RECEIPTS
Cash on hand January 1, 1920 ........................................................
Dues credited to members ................................................................
Loans on shares r e p a id .....................................................................
Fees received .............................................: ................ ........................
Interest received ................................................................................
$38
8, 899
50
16
828
20
00
00
00
18
$9,831 38
DISBURSEMENTS
Loaned on mortgage ...................................................... ....................
Loaned on shares ................................................................................
Dues repaid on withdrawal, or applied on lo a n s .......................
Dividends paid on withdrawal, or applied on lo a n s ....................
Cash dividends paid on income and accumulative prepaid
■shares................,.................................................................................
Paid banking department, assessm ent......................
Officers’ bonds .......................................................................................
Cash on hand December 31, 1920 ....................................................
$3, 000
400
4,196
94
00
00
00
13
152
1
5
1,983
50
41
00
34
$9,831 38
Plan, serial. Par value of shares, $100. Instalments are 50 cents and
$1 monthly.
Shares in force January 1, 1920, 292; shares issued during the year, 188;
shares withdrawn during the year, 54; shares in force, 426. Borrowing
K in g s
151
C ounty
members, 5, holding 31 shares; non-borrowing members, 74, holding 395
shares. Female shareholders, 29, holding 236 shares. Total dividends credited
members during the year on instalment shares, $545.43; rate 5 per cent.
Total dividends credited or paid in cash to members during the year on other
shares, $233.06; rate 5 per cent.
N o unpaid withdrawals. Membership fee, $1.
Premium plan, instalment. Interest paid by borrowing members, 6 per
cent. No premium charged.
Loans have been made in New York, Kings and Queens counties, New York
State. Largest mortgage loan outstanding, $3,000. Mortgages in force in
New York State, $15,400. No foreclosures during the year.
LIBERTY SAVINGS AND LOAN ASSOCIATION
No. 1205 Gates avenue, Brooklyn, N. Y.
[Organized under Law of 1861.
Commenced business 1888]
Officers
President.....................
Secretary.....................
Names
FREDERICK S. SHACKNE-----ALBERT J. BODENSTEIN..........
Treasurer...................
Attorney......................
ALBIN H. WENZEL........................
FREDERICK A. K ECK...............
Post-office addresses
144 Woodbine Street.
116 Elmwood Street,
Woodhaven, L. I.
335 Cornelia Street.
50 Court Street.
ASSETS
Loans on bond and m ortgage............................................................
Loans on shares ............................................................ ......................
Cash on hand and m bank................................................................
Interest, premium, fees and fines due and unpaid.......................
$26,550
2,150
2,242
152
00
00
73
65
$31,095 38
LIABILITIES
Due shareholders, dues ........... .......................................................
Due shareholders, dividends credited...........................................
Undivided profits ..............................................................................
Guaranty fund .....................................................................................
$29,550
1,193
82
269
22
32
70
14
$31,095 38
RECEIPTS
Cash on hand January 1, 1920..........................................................
Dues credited to members ................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares repaid......................................................................
Fees received .......................................................................................
Fines received .......................................................................................
Interest received ..............
Premium received ...............................................................................
Rent received .......................................................................................
Dividends retained on withdrawals..................................................
$152 51
16,013 23
750 00
4,977 00
26 70
50 40
1,543 43
6 66
48 00
5141
$23,619 34
DISBURSEMENTS
Loaned on mortgage ..........................................................................
Loaned on shares .................................................................................
Dues repaid on withdrawal, or applied on lo a n s ........................
Paid borrowed money and prior mortgages...................................
$8,400
4,462
6,565
1,500
00
00
39
00
152
Paid
Paid
Paid
Paid
Paid
Cash
R eport
on
S a v in g s
L oan
and
A s s o c ia t io n s
interest on borrowed money and prior mortgages.............
salaries and clerk-lure..............................................................
advertising, printing and postage.........................................
rent ...............................................................................................
banking department, assessment............................................
on hand December 31, 1920 ......................................................
$27 94
150 00
137 58
132 00
170
2,242 73
$23,619 34
Plan, permanent. Par value of shares, $100. Instalments are 50 cents
monthly.
Shares in force January 1, 1920, 1,011; shares issued during the year,
1,028; shares withdrawn during the year, 202; shares in force, 1,837. Bor
rowing members, 17, holding 235 shares; non-borrowing members, 161, hold
ing 1,602 shares. Female shareholders, 19, holding 219 shares. Total divi
dends credited members during the year on instalment shares, $1,193.32; rate,
5 per cent.
No unpaid withdrawals. Membership fee, 25 cents. Operating expenses,
as defined in section 390 of the Banking Law, incurred and paid during the
year, $419.53.
N o premium plan. Interest paid by borrowing members, 6 per cent. No
premium charged.
Loans have been made in Kings and Queens counties, New Y ork State.
Largest mortgage loan outstanding, $4,000. Mortgages in force in New York
State, $26,550. N o foreclosures during the year.
MADISON CO-OPERATIVE BUILDING AND LOAN ASSOCIATION
No. 897 Gates avenue, Brooklyn, N . Y .
[Organized under Law of 1851.
Officers
President.
Secretary.
Treasurer.
A ttorn ey.,
Commenced business 1688]
Names
EDWARD W. BRAGDON
HENRY N EK ERM A N ...
R. J . DOBBIN.................
Z. D. RACE.......................
Post-office addresses
89. Front Street, New York.
176 Broadway, New York.
690 Park Place.
176 Broadway, New York.
ASSETS
Loans on bond and mortgage ..........................................................
Loans on shares ...................................................................................
Stocks and bonds ...............................................................................
Cash on hand and in bank .......................................................... ..
Furniture and fixtures .......................................................................
$150,100
3, 375
5,000
3, 013
200
00
00
00
33
00
$161, 688 33
LIABILITIES
Due shareholders, dues .......................................................................
Due shareholders, dividends credited ............................................
Balance to be paid borrowers on mortgage loans.......................
Borrowed m o n e y ...................................................................................
Undivided profits .................................................................................
Guaranty fund .....................................................................................
Special deposit .....................................................................................
Reserve for office equipment depreciation.....................................
$131,952
10, 648
5,000
8, 000
2, 624
3,265
158
40
00
15
00
00
39
62
17
00
$161,688 33
K ings County
153
RECEIPTS
Cash on hand January 1, 1920........ ...............................................
Dues credited to members ........ ........................ , ............................
Money borrowed .................................
Mortgages redeemed, foreclosed or transferred to real esta te..
Loans on shares repaid ....................................................................
Fees receiv ed ..........................................................................................
Fines received ..........
Interest received .................................................................................
Premium r e ce iv e d ............................
Dividends retained on withdrawals ................................................
Advances repaid .............................................
Rebate on check hook ........................................................................
Dividend advanced ...............................................................................
Special deposit........................................................................................
$788 98
71, 545 50
36,500 00
19,800 00
6,130 00
120 84
97 89
8,629 28
18 15
119 64
48 54
12 50
41 67
175 00
$144,022 99
DISBURSEMENTS
Loaned on m ortg a g e............................................................................
Loaned on shares .................................................................................
Dues repaid on withdrawal, or applied on loans...........................
Dividends paid on withdrawal, or applied on loans.....................
Cash dividends paid on income and accumulative prepaid
sh a r e s................................................... ....................................... ..
Paid matured shares ....................................... ..................................
Paid borrowed money and prior mortgages.................................
Paid interest on borrowed money and prior mortgages............
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage.........................................
Paid r e n t ................................................................................................
Paid banking department, exam ination .........................................
Paid banking department, assessm ent...........................................
Special deposit refunded ....................................................................
Advance earnings withdrawn ..........................................................
Directors’ fees .......................................................................................
General expenses..................
Cash on hand December 31, 1920......................................................
$41,100
6,205
42, 989
2, 146
00
00
50
54
2,149
8, 062
36,000
395
750
305
84
19
5
175
202
38
381
3, 013
67
02
00
54
00
25
00
50
23
00
50
00
91
33
$144, 022 99
Plan, permanent. Par value of shares, $100 and $200. Instalments are $1
monthly.
Shares in force January 1, 1920, 2,643 ; shares issued during the year, 1,567;
shares withdrawn during the year, 755; shares in force 3,455. Borrowing
members, 50, holding 833 shares; non-borrowing members, 408, holding 2,622
shares. Female shareholders, 150, holding 1,017 shares. Total dividends
credited members during the year on instalment shares, $4,486.52; rate, 5
per cent. Total dividends credited or paid in cash to members during the
year on other shares, $2,149.67; rate, 5 per cent.
No unpaid withdrawals. Amount of shares matured during the year,
$8,062.02. Operating expenses, as defined in ’section 390 of the Banking Law,
incurred and paid during the year, $1,559.16.
No premium plan. Interest paid by borrowing members, 6 per cent. No
premium charged.
Loans have been made in Kings, Queens, Bronx, Westchester, Rockland
and New York counties, New York State, and in New Jersey. Largest mort
gage loan outstanding, $8,000.
Mortgages in force in New York State,
$72,700. No foreclosures during the year.
154
R eport on Savings and L oan A ssociations
TH E MODEL BUILDING AND LOAN ASSOCIATION OF BROOKLYN, N. Y .
No. 129 Ralph avenue, Brooklyn, N . Y .
[Organized under Law o f 1861.
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................
Commenced business 1889]
Names
THOMAS F. LARKIN...................
JOHN F. LYNCH...........................
JACOB G. ERNST...........................
THOMAS F. HAGGERTY............
Post-office addresses
871 Putnam avenue
486-a Decatur Street.
755 Hancock Street.
44 Court Street.
ASSETS
Loans on bond and mortgage..............................................................
Loans on sh a res.....................................................................................
Stocks and bonds .................................................................................
Shares of Land Bank of State of New Y ork .................................
Real e s t a t e .............................................................................................
Cash on hand and in bank .............................................................
Interest and premium dueand unpaid............................................
Advances for taxes ...............................................................................
$66, 900
1, 300
2,805
1, 000
150
7,100
76
142
00
00
75
00
00
69
39
00
$79,474 83
LIABILITIES
Due shareholders, dues .......................................................................
Due shareholders, dividends credited ..............................................
Prior mortgages ...................................................................................
Undivided profits .................................................................................
Guaranty f u n d ................................................................ .....................
Interest on mortgage ...........................................................................
$65, 512
4,613
3, 000
2,359
3, 900
90
36
18
00
29
00
00
$79, 474 83
RECEIPTS
Cash on hand January 1, 1920.................................................
Dues credited to members..................................................................
Mortgages redeemed, foreclosed or transferred to real esta te..
Loans on shares r e p a id ......................................................................
Interest received ...................................................................................
Premium r e ce iv e d .................................................................................
Dividends retained on withdrawals..................................................
Advances repaid ...................................................................................
A p p ra isa ls..............................................................................................
$6,345
30,274
13, 350
2, 830
3, 874
895
25
132
34
19
87
00
00
07
45
98
50
00
$57,762 06
DISBURSEMENTS
Loaned on mortgage ..........................................................................
Loaned on shares . . . . .........................................................................
Dues repaid on withdrawal, or applied on loans.........................
Dividends paid on withdrawal, or applied on loans.....................
Cash dividends paid on income and accumulative prepaid
sh a res............................................
Paid matured shares ..........................................................................
Paid borrowed money and prior mortgages.................................
Paid interest on borrowed money and prior mortgages---------Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage...........................................
Paid r e n t .........................................................................................
Paid taxes, insurance, etc..................................................................
Paid banking department, exam ination.........................................
$13,500
1,400
16, 604
889
00
00
63
40
816
11, 079
5, 000
2S5i
572
109
180
34
18
88
34
00
20
50
00
00
25
75
155
K ings County
Paid banking department, assessm ent...........................................
Officers’ bonds .................................
State League dues ..............................................................................
Delegates’ expenses to League convention.......................................
Attorneys’ f e e s ......................................................................................
“ Own Your Own H om e” exposition................................................
Appraisals .............................................................................................
Su n dries..................................................................................................
Cash on hand December 31, 1920......................................................
$5
16
5
45
50
15
39
27
7,100
52
00
00
00
00
00
00
90
6*9
$57,762 06
Plan, permanent. Par value of shares, $100. Instalments are 25 cents
weekly.
Shares in force January 1, 1920, 1,864; shares issued during the year, 761;
shares withdrawn during the year, 470; ,shares in force, 2,155. Borrowing
members, 19, holding 587 shares; non-borrowing members, 164, holding 1,568
shares. Female shareholders, 64, holding 704 shares. Total dividends cred
ited members during the year on instalment shares, $2,078.39; rate, 5 per
cent. Total dividends credited or paid in cash to members during the year
on other shares, $816.88; rate, 5 per cent, and 6 per cent.
No unpaid withdrawals. Amount of shares matured during the year, $11,079.34. Operating expenses, as defined in section 390 o f the Banking Law,
incurred and paid during the year, $962.50.
Premium plan, premium-interest. Interest paid by borrowing members,
5Va per cent. Premium paid by borrowing members, 3 cents per share per
week.
Loans have been made in Kings and Nassau counties, New York State.
Largest mortgage loan outstanding, $5,000. Mortgages in force in New York
State, $66,900. No foreclosures during the year.
N ASSAU CO-OPERATIVE BUILDING AND LOAN ASSOCIATION
No. 2738 Atlantic avenue, Brooklyn, N. Y.
[Organized under Law of 1851.
Officers
President...................
Secretary.....................
Treasurer...................
Attorney.....................
Commenced business 1889]
Names
JAMBS J. FARRELL........................
M. Y. DORNBY..................................
PETER J. EVERS.............................
RICHARDS, SMYTH & CONWAY..
Post-office addresses
52 Jerome Street.
209 Sunnyside Avenue.
154 Linwood Street.
32 Court Street.
ASSETS
Loans on bond and m ortgage............................................................
Loans on sh a res....................................................................................
Stocks and bonds .................................................................................
Contracts for the sale of real estate...............................................
Real e s t a t e .............................................................................................
■Cash on hand and in bank..................................................................
Furniture and fixtures ......................................................................
Advances for taxes, insurance, etc....................................................
Bankers’ acceptances ..........................................................................
Interest a ccru ed ....................................................................................
Loans on Liberty bonds......................................................................
$727, 825
1, 500
15, 986
2, 750
500
29,094
850
566
8, 968
3, 670
4, 130
00
00
01
00
00
07
00
23
50
89
00
$795, 840 70
156
R epoet on Savings and L oan A ssociations
LIABILITIES
Due shareholders, dues and dividends..............................................
Prior mortgages ...................................................................................
Undivided profits .............................................................. ..................
Guaranty f u n d .......................................................................................
Special d e p o s its.....................................................................................
Suspense account ........................
$746,010
7,250
12, 553
29, 332
660
34
49
00
40
22
40
19
$795, 840 70
RECEIPTS
Cash on hand January 1, 1920..........................................................
Dues credited to members..................................................................
Prior m o r tg a g e s ......................... ...................................... ..................
Mortgages redeemed, foreclosed or transferred to real estate. .
Loans on shares repaid..................................
Real estate s o l d . . , . . . , .........................................................................
Fees received .........................................................................................
Interest received ...................................................................................
Premium r e ce iv e d ................................................................................
Advances repaid ...................................................................................
Bankers’ acceptances ...........................................................................
Liberty loan b o n d s .........................................
U. S. certificates o f indebtedness......................................................
Special d e p o s its.............. ......................................................................
Sundries .................................................................................................
$23, 821
329,625
18,000
74, 832
500
6,512
386
38,118
7,653
1, 370
71,635
825
50,240
2, 661
94
69
98
00
50
00
22
00
39
02
22
73
00
98
21
93
$626,277 87
DISBURSEMENTS
Loaned on mortgage
......................................................................
Loaned on shares .................................................................................
Dues repaid on withdrawal, or applied on loans.........................
Dividends paid on withdrawal, or applied on loans.....................
Paid matured s h a r e s ..........................................................................
Paid borrowed money and prior m ortgages...................................
Paid salaries and clerk -h ire..............................................................
Paid advertising, printing and postage.........................................
Paid rent . ........................... ...........................................................
Paid banking department, assessm ent...................' . ......................
Advances for taxes, insurance, e tc ....................................................
Liberty loan bonds .......................................................
Bankers’ acceptances ...........................................................................
U. S. certificates o f indebtedness......................................................
Interest on prior mortgages................................................................
Special d e p o s its .......... .........................................................................
F u rn itu re ...........................
Atlantic avenue property ..................................................................
Su n dries..................................................................................................
Loans on Liberty bonds........................................................................
Cash on hand December 31, 1920 ......................................................
$218, 450
2, 000
175,853
8,446
37, 550
16, 750
3, 810
786
276
21
1,220
4,9 36
80,604
40,240
485
3, 041
607
500
603
1,000
29, 094
00
00
50
14
00
00
50
68
00
42
46
01
23
98
05
85
52
00
4®
00
07
$626,277 87
Plan, permanent. Par value o f shares, $100 and $250. Instalments are
10 cents and 25 cents weekly.
Shares in force January 1, 1920, 18,087; shares issued during the year,
7,452; shares withdrawn during the year, 1,593; shares in force, 23,946.
Borrowing members, 156, holding 4,511 shares; non-borrowing members,
1,773, holding 19,435 shares. Total dividends credited members during the
year on instalment shares, $32,708.37; rate, 5%' per cent.
K in g s
15?
C ounty
No unpaid withdrawals. Amount of shares matured during the year,
$37,550. Membership fee, $1. Operating expenses, as defined in section 390
o f the Banking Law, incurred and paid during the year, $5,428.71.
Premium plan, instalment. Interest paid by borrowing members, 5 1/5 per
cent. Premium paid by borrowing members, 4 cents per $100 share, 10 cents
per $250 share, per week.
Loans have been made in Kings, Queens and Nassau counties. New York
State, and in New Jersey. Largest mortgage loan outstanding, $15,000.
Mortgages in force in New York State, $724,325. No foreclosures during the
year.
PEOPLE’S CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION OF
BROOKLYN
No. 879 Gates avenue, Brooklyn, N. Y.
JOrganized under Law o f 1894.
Officers
President...................
Secretary.....................
Treasurer...................
Attorneys...................
Commenced business 1895]
Names
Post-office addresses
SAMUEL H. BAER....................
465 W. Broadway, N. Y.
MORRIS HIRSCH......................
334 Berry Street.
JOEL a GOODMAN...............
57 W. 23d Street. N. Y.
W EIL & PURVIN......................
291 Broadway, New York.
ASSETS
Loans on bond and mortgage..............................................................
Loans on sh a res....................................................................................
Stocks and bonds .................................................................................
Cash on hand and in bank........ .........................................................
Interest, premium, fees and fines due and unpaid........ ..............
$112,200
12, 360
48, 332
2, 941
568
00
00
40
37
42
$176,402 19
LIABILITIES
Due shareholders, d u e s ......................................................................
Due shareholders, dividends credited...............................................
Guaranty f u n d ........ ..............................................................................
$137,081 00
35, 706 11
3, 555 08
$176,402 19
RECEIPTS
Cash on hand January 1, 1920..........................................................
Dues credited to members..................................................................
Money borrowed ...................................................................................
Mortgages redeemed, foreclosed or transferred to real estate. .
Loans on shares repaid......................................................................
Fees received .........................................................................................
Fines received .......................................................................................
Interest received ...................................................................................
Premium received ................................................................................
Dividends retained on withdrawals..................................................
San Francisco bonds matured............................................................
$1,300
23, 493
20,000
4, 700
3,180
103
3
9, 852
201
471
3,000
74
48
00
00
00
75
50
29
82
18
00
$66,306 82
DISBURSEMENTS
Loaned on m o rtg a g e ............................................................................
Loaned on shares .................................................................................
Dues repaid on withdrawal, or applied on loans.........................
Dividends paid on withdrawal,or applied on loans.......................
$20, 000
4, 500
12, 096
4, 035
00
00
48
26
158
R eport
on
S a v in g s
L oan
and
A s s o c ia t io n s
Paid borrowed money and prior mortgages...................................
Paid interest on borrowed money and prior mortgages.............
Paid salaries and clerk-hire .........................................
Paid advertising, printing and postage..........................................
Paid r e n t ................................................................................................
Paid banking department, assessm ent...........................................
Officers’ bonds .......................................................................................
Cash on hand December 31, 1920......................................................
$21,500 00
570 08
460 50
56 00
60 00
613
72 00
2, 941 37
$66,3061 82
Plan, serial. Par value of shares, $200 and $250. Instalments are 50 cents
semi-monthly.
Shares in force January 1, 1920, 1,725; shares issued during the year, 376;
shares withdrawn during the year, 127; shares in force, 1,974. Borrowing
members, 50, holding 679 shares; non-borrowing members, 221, holding 1,295
shares. Female shareholders, 108, holding 640 shares. Total dividends cred
ited members during the year on instalment shares, $7,674.70; rate, 5 per
cent.
No unpaid withdrawals. Entrance fee, 25 cents per share. Operating
expenses, as defined in section 390 of the Banking Law, incurred and paid
during the year, $648.50.
Premium plan, instalment. Interest paid by borrowing members, 6 per
cent. Premium paid by borrowing members, 2 cents per $100 monthly.
Loans have been made in Bangs and Bronx counties, New York State, and
in New Jersey. Largest mortgage loan outstanding, $12,000. Mortgages in
force in New York State, $103,400. No foreclosures during the year.
POLISH AMERICAN CO-OPERATIVE SAVINGS AND LOAN
ASSOCIATION
No. 660 Third avenue, Brooklyn, N. Y.
[Organized under Law of 1894.
Officers
P resident...
Secretary...
Treasurer..
A ttorn ey.. .
Commenced business 1900]
Names
JOHN GUTOWSKI...............
FRANK A. JUREK.............
JOHN SKOW RONSKI.. . . .
ROBERT L. JAGOCKI........
Post-office addresses
5105 Sixth Avenue.
660 Third Avenue.
137 Nineteenth Street.
707 Third Avenue.
ASSETS
Loans on bond and m ortgage...................................
Loans on shares ..........................................................
Stocks and bonds ......................................................
Shares o f Land Bank of State of New York. . . .
Cash on hand and in bank.......................................
Furniture and fixtures ..........................................
Interest, premium, fees and fines due and unpaid
Advances for taxes, insurance, e tc .........................
$503,800
3,975
10,885
1,000
28,147
263
4,200
85
00
00
90
00
67
80
19
32
$552,357 88
LIABILITIES
Due shareholders, dues ......................................................................
Due shareholders, dividends credited..............................................
Prior mortgages ...................................................................................
Undivided profits .................................................................................
Guaranty fund .....................................................................................
$486,416
16,568
32,850
13,187
3,334
98
45
00
68
77
$552,357 88
K in g s
C ounty
159
RECEIPTS
Cash on hand January 1, 1920........................................................
Dues credited to members..................................................................
Prior mortgages ...............................
Mortgages redeemed, foreclosed or transferred to real estate. .
Loans on shares repaid......................................................................
Real estate sold ...................................................................................
Fees received .........................................................................................
Fines received .......................................................................................
Interest r e c e iv e d ..................................................................................
Rent received .......................................................................................
Dividends retained on withdrawals...............................................
Advances repaid ...................................................................................
Liberty loan bonds and Victory loan stamps...............................
Pass books .............................................................................................
Appraisals .............................................................................................
Insurance premium rebated ..............................................................
Meter deposit repaid ........................................................................
$33,350
596,407
35,850
48,950
6,616
9,200
108
11
23,404
205
289
2,228
722
3
543
27
5
90
63
00
00
00
00
27
07
75
00
57
56
10
30
00
83
00
$757,872 98
DISBURSEMENTS
Loaned on mortgage ..........................................................................
Loaned on shares .................................................................................
Dues repaid on withdrawal, or applied on loans...........................
Dividends paid on withdrawal, or applied on loans...................
Paid matured shares ..........................................................................
Paid borrowed money and prior mortgages.................................
Paid interest on borrowed money and prior m ortgages............
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage.........................................
Paid rent ...............................................................................................
Pair repairs to real estate................................................................
Paid banking department, examination.........................................
Paid banking department, assessment...........................................
Officers1’ bonds .....................................................................................
Advances for taxes, insurance, e tc .................................................
Metropolitan and State League dues.............................................
Victory loan stamps ..........................................................................
Appraisals .............................................................................................
Legal fees .............................................................................................
Light and heat ...................................................................................
Furniture and fixtures ......................................................................
Telephone .............................................................................................
Insurance, burglary and robbery......................................................
Safe deposit box .................................................................................
Commission on sale of real estate....................................................
Sundries .................................................................................................
Cash on hand December 31, 1920....................................................
$243,100
9,825
443, 428
9,688
11,825
3,000
1,055
2,992
485
240
85
26
12
29
2,443
13
301
585
13
107
83
21
105
6
230
19
28,147
00
00
72
77
79
00
55
00
95
00
23
00
61
00
89
00
00
50
50
88
80
00
22
00
00
90
67
$757,872 98
Plan, permanent. Par value of shares, $200. Instalments are 12y2 cents
and 25 cents weekly.
■Shares in force January 1, 1920, 3,194; shares issued during the year,
1,831; shares withdrawn during the year, 549; shares in force, 4,476. Bor
rowing members, 67, holding 1,141 shares; non-borrowing members, 924, hold
ing 3,335 shares. Female shareholders, 234, holding 848 shares. Total divi
dends credited members during the year on instalment shares, $5,273.93; rate,
6 per cent. Total dividends credited or paid in cash to members during the
year on other shares, $8,489.62; rate, 4 per cent.
160
R eport
on
S a v in g s
L oan
and
A s s o c ia t io n s
N o unpaid withdrawals. Amount of shares matured during the year,
$11,825.79. Entrance fee, 15 cents per share. Operating expenses, as defined
in section 390 of the Banking Law, incurred and paid during the year,
$4,019.95.
No premium plan. Interest paid by borrowing members, 5% per cent and
6 per cent. No premium c h a re d 1.
Loans have been made in Kangs, Queens and Bronx counties, New York
State, and in New Jersey. la rg est mortgage loan outstanding, $28,000.
Mortgages in force in New York State, $499,300. N o foreclosures during the
year.
PROSPECT HOME BUILDING AND LOAN ASSOCIATION
No. 341 Ninth street, between Fifth and Sixth avenues, Brooklyn, N. Y.
{Organized under Law o f 1851.
Officers
President.. .
Secretary...
Treasurer..,
A ttorney.. .
Commenced business 1890]
Names
Post-office addresses
WM. M. TOMLINS, J R ....................... 276 Westminster Road.
GEORGE W. BALLW AY................... 1518 Eighth Avenue.
WILLIAM M. TOMLINS................... 524 Seventh Street.
TITLE GUAR. & TRUST CO..........
175 Remsen Street.
ASSETS
Loans on bond and mortgage...................................
Loans on shares ..........................................................
Stocks and b o n d s ........................................................
Real estate ..................................................................
Cash on hand and in bank.......................................
Furniture and fixtures ..............................................
Interest, premium, fees and fines due and unpaid
$113,250 00
3,315 00
2,100 00
20,000 00
4,932 46
250 00
729 '41
$144,576 87
LIABILITIES
Due shareholders, dues ......................................................................
Due shareholders, dividends credited.......... ...................................
P rior mortgages ...................................................................................
Undivided profits .................................................................................
Guaranty fund .....................................................................................
Interest accrued on assumed mortgage.........................................
Advanced interest and premium......................................................
Deposits .................................................................................................
Salaries due ..................................................................
$109,878
19,840
6,0 00
4,298
4,127
75
240
26
90
55
21
00
09
69
00
44
80
09
$144,576 87
RECEIPTS
Cash on hand January 1, 1920........................................................
Dues credited to members.........................................................
Money borrowed .................................................................................
Mortgages redeemed, foreclosed or transferred to real estate. .
Loans on share r e p a id .............................................
Fines received .......................................................................................
Interest received ..................
Premium received .................................................................. *..........
Rent received ........ .. i -......................................... •...........................
Dividends retained on w ith d ra w a ls............ ...................... ..........
Deposits ........................... .............................. ............. .. •• . . .
....
$4,575
31,241
11,400
27,500
6,686
8
6,002
1,748
1,652
753
425
98
39
00
00
00
46
74
21
65
66
50
$91,994 59
161
K ings C ounty
DISBURSEMENTS
Loaned on mortgage ..........................................................................
Loaned on shares ................................................................................
Dues repaid on withdrawal, or applied on loans.........................
Dividends paid on withdrawal, or applied onloans.....................
Cash dividends paid on income and accumulative prepaid
shares .................................................................................................
Paid matured shares ..........................................................................
Paid borrowed money and prior mortgages.................................
Paid interest on borrowed money and prior mortgages..............
Paid for real estate............................................................................
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage.........................................
Paid rent ...............................................................................................
Paid repairs to real estate....................................... . ......................
Paid taxes, insurance, etc..................................................................
Paid banking department, assessment...........................................
Officers’ bonds .......................................................................................
Deposits .................................................................................................
Cash on hand December 31, 1920 ......................................................
$19,800
5,320
15,343
3,773
00
00
97
37
436 50
10,349 30
25,000 00
552 00
4,054 56
867 00
418 77
16 67
379 59
303 00
570
32 00
409 70
4,932 46
$91,994 59
Plan, permanent. Par value o f shares, $100. Instalments are 10 cents
weekly.
Shares in force January 1, 1920, 4,723; shares issued during the year, 1,353;
shares withdrawn during the year, 936; shares in force, 5,140. Borrowing
members, 33, holding 1,037 shares; non-borrowing members, 282, holding 4,103
shares. Female shareholders, 106, holding 1,496 shares. Total dividends
credited members during the year on instalment shares, $5,976.66; rate, 6 per
cent. Total dividends credited or paid in cash to members during the year
on other shares, $861.62: rate, 4% per cent., 4 4 /5 per cent and 6 per cent.
No unpaid withdrawals. Amount o f shares matured' during the year $10,349.30. Operating expenses, as defined in section 390 of the Banking Law,
incurred and paid during the year, $1,334.44. Operating expenses, as defined
in section 390 of the Banking Law, incurred during the year and remaining
unpaid, $90.09.
Premium plan, instalment. Interest paid by borrowing members, 5 per cent,
and 6 per cent. Premium paid by borrowing members, 14 cents per share per
week.
Loans have been made in Kings and Queens counties, New York State.
Largest mortgage loan outstanding, $8,500. Mortgages in force in New York
State, $107,250. N o foreclosures during the year.
SOUTH BROOKLYN SAVINGS AND LOAN ASSOCIATION
No. 565 Fifth avenue, Brooklyn, N . Y .
[Organized under Law of 1851.
Officers
President.....................
Secretary.....................
Treasurer...................
Commenced business 1886]
Names
DAVID B. H U T T O N .......................
JAMES H. STRAIN............................
JAM BS H. S T R A IN .............................
Post-office addresses
227 Brooklyn Avenue
565 Fifth Avenue.
565 F ifth Avenue.
A SSE TS
Loans on bond and mortgage............................................................ $1,925,650 00
Stocks and bonds ................................................................................
45,000 00
Shares of Land Bank of State of New Y ork .................................
1,000 00
6
162
R epoet
on
S avings
and
L oan A ssociations
Real estate ..................................... .....................................................
Cash, on hand and in bank.............................................................. .
$15,157 32
83,266 45
$2,070,073 77
LIABILITIES
Due shareholders, dues and dividends........................................... $1,820,889 41
Balance to be paid borrowers on mortgage loans.........................
8,000 00
Prior mortgages ................................................ ........................ .
47,700 00
120,095 33
Undivided profits .......................................................... .. . .................
Guaranty fund .....................................................................................
72,597 95
Suspense account .................................................................................
791 08
$2,070,073 77
RECEIPTS
Cash on hand January 1, 1920..........................................................
Dues credited to members...............................................................
Prior mortgages ...................................................................................
Mortgages redeemed, foreclosed or transferred to real e sta te ..
Interest received ................................................................
Rent received .......................................................................................
Advances repaid ...................................................................................
Property contract .......................................
Appraisals ........................................................................
Suspense account .................................................................................
$69,063
1,030,614
49,100
197,905
106,723
950
533
24,843
655
207
76
34
00
00
54
00
55
40
00
59
$1,480,596 18
DISBURSEMENTS
Loaned on mortgage ..................
Dividends paid on withdrawal, or applied on loans...................
Paid borrowed money and prior mortgages...............................
Paid interest on borrowed money and prior mortgages............
Paid salaries and clerk-hire...................................................
Paid advertising, printing and postage.........................................
Paid taxes, insurance, etc....................
Paid banking department, assessment........................
Officers’ bonds .......................................................................................
State League d u e s ..................
Guaranty fund .....................................................................................
Suspense account .................................................................................
Light, heat and telephone...........................................................
Janitor ...................................................................................................
Election expense ...................................................................................
Cash on hand December 31, 1920..................
$660,282
686,327
30,650
2,743
12,875
1,757
542
52
120
17
1,000
12
576
360
15
83,266
05
39
00
13
00
06
50
16
00
00
00
18
26
00
00
45
$1,480,596 18
Plan, permanent. Par value o f shares, $100 and $250. Instalments are 50
cents weekly.
Shares in force January 1, 1920, 29,739; shares issued during the year,
11,250; shares withdrawn during the year, 1,531; shares in force, 39.458.
Borrowing members, 774,; holding 18,739 shares; non-borrowing members,
2,707, holding 20,719 shares. Female shareholders, 1,543,. holding 17,074
shares. Total dividends credited; members during the year on instalment
shares, $71,042.07; rate, 5 per cent.
No unpaid withdrawals. Operating expenses, as defined in section 390 of
the Banking Law, incurred and paid during the year, $15,720.32.
No premium plan. Interest paid by borrowing members, 5 1/5 per cent,
and 6 per cent. No premium charged.
163
K ings C ounty
Loans have been made in Kings, Queens, Nassau, Suffolk, New York and
Bronx counties, New York State, and in New Jersey. Largest mortgage
loan outstanding, $10,500. Mortgages in force in N*ew York State, $1,923,350.
No foreclosures during year.
T W E N T Y -N IN T H W ARD CO-OPERATIVE SAVINGS AND LOAN
ASSOCIATION
No. 1305 Prospect avenue, Brooklyn, N. Y.
[Organized under Law o f 1894.
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................
Commenced business 1895]
Names
WILLIAM P. SAMMOND..................
ROLLA O. SMITH..............................
PBRCIYAL C. ELLIOTT..................
HENRY E. HEISTAD..........................
Post-office addressee
84
Windsor Place.
295
Sherman Street.
120 Dahili Road.
190
Montague Street.
ASSETS
Loans on bond and m ortgage............................................................
Cash on hand and in bank................................................................
Furniture and fixtures ......................................................................
$24,500 00
4,359 92
75 00
$28,934 92
LIABILITIES
Due shareholders, dues ......................................................................
Borrowed money ................................................................................
Undivided profits ................................................................................
Guaranty fund .....................................................................................
$25,246
1,000
2,086
601
97
00
00
95
$28,934 92
RECEIPTS
Cash on hand January 1, 1920..........................................................
Dues credited to members..................................................................
Mortgages redeemed, foreclosed or transferred to real estate. .
Fines received .......................................................................................
Interest received ..................................................................................
Premium received .............................................................
Rent received .......................................................................................
$2,173 04
17,186 85
4,250 00
5 29
1,377 96
295 82
4 50
$25,293 46
DISBURSEMENTS
Loaned on mortgage ..........................................................................
Dues paid on withdrawal, or applied on loans.............................
Dividends paid on withdrawal, or applied on loans.....................
Paid borrowed money and prior mortgages.................................
Paid interest on borrowed money and prior mortgages............
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage.........................................
Paid rent ...............................................................................................
Paid banking department, assessment..............
Light .....................................................................................................
Notary fees ...........................................................................................
Cash on hand December 31, 1920.............................
$3,500! 00
15,271 15
1,053 25
750 00
88 50
75 00
175
180 00
1 09
11 80
1 00
4,359 92
$25,293 46
164
R eport
on
S ayings
and
L oan A ssociations
Plan, permanent. Par value of shares, $250. Instalments are 25 cents
weekly.
Shares in force January 1, 1920, 52S; shares issued during the year, 243;
shares withdrawn 'during the year, 142; shares in force, 629. Borrowing
members, 16, holding 107 shares; non-borrowing members, 146, holding 522
shares. Female shareholders, 69, holding 248 shares. Total dividends credited
members during the year on instalment shares, $1,053.25; rate, 5 per cent.
No unpaid withdrawals. Operating expenses, as defined in section 390 of
the Banking Law, incurred and paid during the year $268.59.
Premium plan, permium-interest. Interest paid by borrowing members,
5 1/5 per cent. Premium paid by borrowing members, 6 cents per share
per week.
Loans have been made in Kings county, New York State. Largest mortgage
loan outstanding, $3,500. Mortgages in force in New York State, $24,500. No
foreclosures during the year.
UNION CO-OPERATIVE BUILDING AND LOAN ASSOCIATION
No. 1424 Fulton street, Brooklyn, N . Y .
[Organized under Law of 1851.
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................
Commenced business 1890.
Law of 1894]
Names
DANIEL S. B R U S H ...
HENRY POWLES, J b
GEORGE DOWNING..
GILBERT P. BRUSH.
Re-incorporated under
Post-office addresses
388 Lexington Avenue.
1077 East 40th Street
1049 East 17th Street.
120 Broadway, New York.
ASSETS
Loans on bond and m ortgage...................................
Loans on shares ..........................................................
Cash on hand and in bank.......................................
Furniture and fixtures ..............................................
Interest, premium, fees and fines due and unpaid
Advances for taxes, insurance, etc........ ................
$42,675
2,235
3,865
125
1,101
• 7
00
00
36
00
29
62
$50,009 27
LIABILITIES
Due shareholders, dues .....................................................................
Due shareholders,dividends credited................................................
Borrowed money
....................................... ...................................
Undivided profits
...........................................................................
Guaranty fund .....................................................................................
Suspense account
...........................................................................
$41,169
5,777
2,500
24
535
2
25
82
00
70
00
50
$50,009 27
RECEIPTS
Cash on hand January 1, 1920..........................................................
Dues credited to members..................................................................
Money borrowed .................................................................... ............
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares repaid......................................................................
Interest received ................
Premium received ...............................................................................
Dividends retained on withdrawals..................................................
Advances repaid ..................
Guaranty fund ..........
Transfer fee .........................................................................................
$6,245 44
16,984 25
5,000 00
4,600 00
3,105 00
3,008 94
99 50
165 50
66 22
95 00
1 00
$39,370 85
165
M adison C ounty
DISBURSEMENTS
Loaned on mortgage ..........................................................................
Loaned on shares ................................................................................
Dues repaid on withdrawal, or applied on loans....................
Dividends paid on withdrawal, or applied onlo a n s ...................
Cash dividends paid on income and accumulative prepaid
shares .................................................................................................
Paid matured s h a r e s ..........................................................................
Paid borrowed money and prior mortgages.................................
Paid interest on borrowed money and prior mortgages..............
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage.........................................
Paid rent ...............................................................................................
Paid banking department, assessment.............................................
Officers’ bonds .......................................................................................
Advances for taxes, insurance, e tc .................................................
Guaranty fund ....................................................................................
Cash on hand December 31, 1920...................................................
$11,400
2,400
3,998
430
00
00
75
30
144
12,435
3,500
232
526
73
180
2
20
67
95
3,865
00
45
00
62
50
15
00
48
00
24
00
36
$39,370 85
Plan, serial. Par value of shares, $200. Instalments are 25 cents weekly.
Shares in force January 1, 1920, 586; shares issued during the year, 450;
shares withdrawn during the year, 172; shares in force, 864. Borrowing
members, 20, holding 243 shares; non-borrowing members, 70, holding 621
shares. Total dividends credited members during the year on instalment
shares, $1,523.98; rate, 4.15 per cent. Total dividends credited or paid in
cash to members during the year on other shares, $265.60; rate, 4.15 per
cent.
No unpaid withdrawals. Amount of shares matured during the year, $12,435.45. Operating expenses, as defined in section 390 of the Banking Law,
incurred and paid during the year, $799.65.
Premium plan, instalment. Interest paid by borrowing members, 5% per
cent, and 6 per cent. Premium paid by borrowing members, 1 cent per share.
Loans have been made in Kings, Queens and Suffolk counties, New York
State. Largest mortgage loan outstanding, $11,000. Mortgages in force in
New York State, $42,675. No foreclosures during the year.
MADISON COUNTY
CANASTOTA SAVINGS AND LOAN ASSOCIATION
No. 1 Taber Block, South Peterboro street, Canastota, N. Y.
[Organized under Law of 1851.
Officers
President.....................
Secretary....................
Treasurer...................
Attorney......................
Commenced business 1889]
Names
A. E. D EW .................................................
E. B. ROBERTS........................................
HOWARD D. BEMISS...........................
D. F. WALLACE.......................................
Post-office addresses
Canastota, N. Y.
Canastota, N. Y.
Chittenango. N. Y.
Canastota, N. Y.
ASSETS
Loans on bond and mortgage............................................................
Loans on shares .-...............................................................................
Cash on hand and in bank................................. ..............................
Furniture and fixtures ......................................................................
$134,700
5,468
4,215
215
00
00
85
00
$144,598 85
166
R epoet
on
Sayings
and
L oan A ssociations
LIABILITIES
Due shareholders, dues ......................................................................
Due shareholders, dividends credited.............................................
Borrowed money ................................................................................
Undivided profits ................................................................................
Guaranty fund ...............................
Unearned or rebatable premium....................................................
$115,139
14,896
10,000
814
3,305
442
40
88
00
14
68
75
$144,598 85
RECEIPTS
....... ........- ===--=
Cash on hand January 1, 1920..........................................................
Dues credited to members..................................................................
Money’ borrowed .................................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares repaid ....................................................................
Fees received .........................................................................................
Fines received .............................................
Interest received ..................................
Premium received ...............................................................................
Dividends retained on withdrawals..................
Recording tax .......................................................................................
$7,559
53,148
5,000
26,500
5,505
326
152
7,336
481
113
59
15
40
00
00
00
00
43
06
93
85
00
$106,181 82
D ISBU RSEM EN TS
Loaned on mortgage ..........................................................................
Loaned on shares ...............................................................................
Dues repaid on withdrawal, or applied on loans.........................
Dividends paid on withdrawal, or applied onloans.....................
Cash dividends paid on income and accumulative prepaid
shares ............
Paid matured shares ..............................
Paid borrowed money and prior mortgages...................................
Paid interest on borrowed money and prior mortgages..............
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage.........................................
Paid banking department, assessment...........................................
Officers’ bonds .........................................................
Recording taxes ...................................................................................
Unearned premium refunded ............................................................
Sundries .................................................................................................
Cash on hand December 31, 1920......................................................
■■
:
- ...
$49,400
4,623
14,319
1,003
00
00
25
08
353
26,839
3,500
560
817
161
4
8
242
121
12
4,215
33
66
00
00
00
75
97
00
00
58
35
85
$106,181 82
Plan, permanent. Par value of shares, $100. Instalments are 25 cents
weekly.
Shares in force January 1, 1920, 2,833; shares issued during the year, 1,439;
shares withdrawn during the year, 788; shares in force, 3,484. Borrowing
members, 180, holding 1,702 shares; non-borrowing members, 272, holding
1,782 shares. Female shareholders, 220, holding 1,506 shares. Total divi
dends credited members during the year on instalment shares, $6,243.77 ; rate,
6 per cent. Total dividends credited or paid in cash to members during the
year on other shares, $353.33; rate, 5 per cent.
No unpaid withdrawals. Amount of shares matured during the year,
$26,839.66. Entrance fee, 25 cents per share. Operating expenses, as defined
in section 390 of the Banking Law, incurred and paid during the year,
$1,004.07.
Premium plan, gross. Interest paid by borrowing members, 5.72 per cent.
Premium paid by borrowing members, % o f 1 per cent.
Loans have been made in Madison county, New York State. Largest m ort
gage loan outstanding, $6,500. Mortgages in force in New York State,
$134,700. N o foreclosures during the year.
167
M adison C ounty
ONEIDA SAVING, BUILDING AND LOAN ASSOCIATION
No. 70 Main street, Oneida, N . Y.
[Organized under Law of 1861.
Commenced business 1887]
Officers
Names
Post-office addresses
P resid en t..................... E.
L.
HARVEY............................... Oneida, N. Y.
Secretary..................... P. H. MUNZ.......................................................... Oneida, N. Y.
Treasurer.................... E. L. H ASKELL.................................................. Oneida, N. Y.
Attorney...................... W. W. W ILCOX............................................ ........ Oneida, N. Y.
ASSETS
Loans on bond and mortgage............................................................
Loans on shares ...................................................................................
Cash on hand and in bank................................................................
Furniture and fixtures ......................................................................
$128,200
1,950
306
239
00
00
19
45
$130,695 64
LIABILITIES
Due shareholders, dues ......................................................................
Due shareholders, dividends credited......... ....................................
Borrowed money ................................................................................
Undivided profits .................................................................................
Guaranty fund .....................................................................................
$96,966
13,099
17,100
4
3,525
95
21
00
48
00
$130,695 64
RECEIPTS
Cash on hand January 1, 1920..............
Dues credited to members.....................................
Money borrowed .................................................................................
Mortgages redeemed, foreclosed or transferred to real estate. .
Loans on shares repaid......................................................................
Fines received .......................................................................................
Interest received ................................................................................
Dividends retained on withdrawals...............................................
$2,003
44,194
14,900
16,390
1,900
10
6,752
302
92
02
00
00
00
41
61
22
$86,453 18
DISBURSEMENTS
Loaned on mortgage ..........................................................................
Loaned on shares ................................................................................
Dues repaid on withdrawal, or applied on loans..................
Dividends paid on withdrawal, or applied1on loans....................
Paid matured shares ...............................................................
Paid borrowed money and prior mortgages...................................
Paid interest on borrow money and prior mortgages.................
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage.........................................
Paid rent ............................
Paid banking department, assessment..............................
Officers1’ bonds .......................................................................................
State League dues ...............................................................................
Light and insurance .............................................
Gash on hand December 31, 1920....................................................
$38,900
1,300
19,881
1,515
14,568
8,300
824
700
49
72
4
12
6
12
306
00
00
85
48
86
00
01
00
59
00
50
00
00
70
19
$86,453 18
168
R eport
on
S avings
L oan A ssociations
and
Plan, permanent. Par value of shares, $100. Instalments are 25 cents
weekly.
Shares in force January 1, 1920, 3,437; shares issued during the year, 1,288;
shares withdrawn during the year, 923; shares in force, 3,802. Borrowing
members, 64, holding 1,029 shares; non-borrowing members, 267, holding
2,773 shares. Female shareholders, 93, holding 812 shares. Total dividends
credited members during the year on instalment shares, $5,306.24; rate, 5%
per cent.
No unpaid withdrawals. Amount of shares matured during the year, $14,568.86. Operating expenses, as defined in section 390 of the Banking Law,
incurred and paid during the year, $852.29.
Premium plan, premium-interest. Interest paid by borrowing members,
5.72 per cent. No premium charged.
Loans have been made in Madison and Oneida counties, New York State.
Largest mortgage loan outstanding. $4,800. Mortgages in force in New York
State, $128,200. No foreclosures during the year.
MONROE COUNTY
COLUMBIA BANKING, SAVING AND
LOAN ASSOCIATION
No. 337 Gregory street, Rochester, N. Y.
[Organized under Law of 1851.
Officers
President.....................
Financial Secretary..
Treasurer...................
Attorneys...................
Commenced business 1884]
Names
EDWARD W ALLI8.................
H. P. REIBLING.....................
LAWRENCE OBBRLIES----MORRIS & MORRIS.................
Post-office addresses
80 Alexander Street.
302-308 Granite Building.
704 Clinton Avenue, South.
301-302 Ell. & B arry Bldg.
ASSETS
Loans on bond and mortgage.......................
Loans on shares ..............................................
Stocks and bonds ............................................
Real estate ......................................................
Cash on hand and in b a n k ...........................
$1,163,400
500
52,679
14,088
47,218
00
00
00
85
19
$1,277,886 04
LIABILITIES
Due shareholders, dues ......................................................................
Due shareholders, dividends credited ..............................................
Balance to be paid borrowers on mortgage lo a n s .......................
Undivided profits .................................................................................
Guaranty fund .....................................................................................
Unearned or rebatable premium ......................................................
Mortgage payments .............................................................................
$960,376
112,494
2,300
60,492
70,000
70,472
1,750
53
04
00
29
00
88
30
$1,277,886 04
RECEIPTS
Gash on hand January 1, 1920 ........................................................
Dues credited to m em bers..................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Real estate sold ...................................................................................
Fees received .........................................................................................
Fines received .......................................................................................
Interest received ..................................................................................
Premium received ................................................................................
$77,134
398,387
162,650
26,600
314
320
58.686
25,575
13
43
00
00
50
10
43
00
169
M onroe C ounty
Rent received .......................................................................................
Mortgage payments ............................................................................
$1,840 25
1,590 00
$753,097 84
DISBURSEMENTS
Loaned on mortgage ..........................................................................
Dues repaid on withdrawal, or applied on loans.........................
Dividends paid on withdrawal, or applied on loans...................
Cash dividends paid on income and accumulative prepaid
shares .................................................................................................
Paid matured shares ..........................................................................
Paid salaries and olerk-hire .............................................................
Paid advertising, printing and postage .......................................
Paid rent ...............................................................................................
Paid repairs to real e s t a t e ................................................................
Paid taxes, insurance, etc....................................................................
Paid banking department, exam in a tion .........................................
Paid banking department, assessment ...........................................
Officers’ bonds ........................... . .........................................................
Safe deposit box ..................................................................................
Burglary and holdup in su ran ce........................................................
Premiums refunded .................................................................. ..
Mortgage payments and in te r e st......................................................
Cash on hand December 31, 1920 ...................................................
$281,050 00
293,885 09
18,482 52
8,972
89,698
2,462
176
120
568
1,904
90
39
36
3
74
7,202
1,114
47,218
07
40
00
33
00
2S
82
57
34
00
00
50
03
70
19
$753,097 84
Plan, permanent. Par value of shares, $100. Instalments are 25 cents
weekly.
Shares in force January 1, 1920, 28,361; shares issued during the year,
4,934; shares withdrawn during the year, 1,625; shares in force, 31,671.
Borrowing members, 519, holding 10,333 shares; non-borrowing members.
1.788, holding 21,338 shares*. Female shareholders, 1,083, holding 11,373
shares.
Total dividends credited members during the year on instalment shares,
$37,898.45; rate. 5 per cent. Total! dividends credited or paid in cash to
members during the year on other shares. $8,972.07; rate, 5 per cent.
No unpaid withdrawals. Amount of shares matured during the year.
$89,698.40. Membership fee, 50 cents. Operating expenses*, as defined in
section 390 of the Bankiner Law, incurred and paid during the year. $2,871.83.
Premium plan, gross. Interest paid by borrowing members, 5 1/5 per cent
and 6 per cent. Premium paid by borrowing members, $10 per share.
Loans have been made in Monroe county, New York State. Largest mort
gage loan outstanding, $21,700. Mortgages in force in New York State,
$1,163,400. No foreclosures during the year.
CONSOLIDATED SAVING AND LOAN ASSOCIATION
No. 8 Triangle Building, Rochester, N. Y.
[Organized under Law o f 1851.
Officers
President.....................
Secretary...................
Treasurer...................
Attorney......................
Commenced business 1889]
Names
Post-office addresses
LOUIS C. LANGIE....................................................... Rochester.
WILLIAM O. WOODWORTH....................................
Rochester.
FRED D. ZW ICK......................................................... Rochester.
EMIL L. LUDEKENS................................................ Rochester.
ASSETS
Loans on bond and m o rtg a g e ............................................................
Stocks and bonds ..............................................................................
Contracts for the sale of real e s t a t e ................................................
$218,457 89
7,000 00
10,709 77
I'TO
R epoet
on
S avings
and
L oan A ssociations
Beal estate ...........................................................................................
Cash on hand and in b a n k ................................................................
Furniture and fixtures . . . ...................... .........................................
Bent due ................................................................................................
$5,758
3,234
236
106
98
63
40
73
$245,503 40
LIABILITIES
Due shareholders, dues ......................................................................
Due shareholders, dividends c r e d ite d ..............................................
Undivided profits .................................................................................
Guaranty fund .....................................................................................
$180,419
51,437
3,997
9,649
40
12
16
72
$245,503 40
RECEIPTS
Cash on hand January 1, 1920 ........................................................
Dues credited to members ................................. ..............................
Money borrowed ...................................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Beal estate sold ...................................................................................
Fines received .......................................................................................
Interest received ................................. .................................. ..............
Bent received
V .V .............................................
$9,378
34,763
15,500
41,676
3,900
81
14,889
1,774
19
68
00
31
00
40
13
23
$121,962 94
DISBURSEMENTS
Loaned on mortgage ...........................................................................
Dues repaid on withdrawal, or applied on loans...........................
Dividends paid on withdrawal, or applied on loans...................
Paid borrowed money and prior m o rtg a g e s.................................
Paid interest on borrowed money and prior m o rtg a g e s.............
P a id .for real estate ...........................................................................
Paid salaries and cle rk -h ire ..............................................................
Paid advertising, printing and postage ........................................
Paid rent ..........................................................................
Paid repairs to real e s t a t e ................................................................
Paid taxes, insurance, etc..................................................................
Paid banking department, examination ........................................
Paid banking department, assessm ent............................................
State League d u e s ..........................
Auditors’ fees ................
Cash book ..............................................................................................
Burglary and holdup in su ran ce........................................................
Expenses of delegate to State convention .....................................
Sundries ............
Cash on hand December 31, 1920 ....................................................
$32,034
45,583
16,652
17,100
224
4,775
1,762
61
230
57
63
38
9
7
52
10
35
20
10
3,234
20
68
18
00
32
12
75
88
00
96
58
00
19
00
50
00
85
00
10
63
$121,962 94
Plan, permanent. Par value shares, $100 and $125. Instalments are 25
cents weekly.
Shares in force January 1, 1920, 4,403; shares issued during the year, 478;
shares withdrawn during the year, 467; shares in force, 4,414. Borrowing
members, 102, holding 2,181 shares; non-borrowing members, 277, holding
2,233 shares. Female shareholders, 128, holding 805 shares. Total dividends
credited members during the year on instalment shares, $12,045.61; rate,
5% per cent.
No unpaid withdrawals. Operating expenses, as defined in section 390 of
the Banking Law, incurred' and paid during the year, $2,199.27.
171
M onroe C ounty
No premium plan. Interest paid by borrowing members, 12 cents per share
per week. No premium charged.
Loans have been made in Monroe county, New York State. Largest mort
gage loan outstanding, $20,000. Mortgages in force in New York State,
$218,457.89. No foreclosures during the year.
DESPATCH CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION
Eyer Block, East Rochester, N. Y.
[Organized under Law of 1894.
Officers
President...................
Secretary ...................
Treasurer...................
Attorney...................
Commenced business 1908]
Names
Post-office addresses
T. J. MITCHELL................................................... East Rochester.
B. R. ERW IN......................................................... East Rochester.
B. J. FRY A T T ........................................................ East Rochester.
LEO J. R ICE........................................................ Fairport.
ASSETS
Loans on bond and mortgage ..........................................................
Loans on shares ....................................... : .........................................
Cash on hand and in bank ..............................................................
$63,500 00
2,680 00
100 74
Interest, premium fees and fines due and unpaid..........$303,40
$66,280 74
LIABILITIES
Due shareholders, d u e s ......................................................................
Due shareholders, dividendscredited ..............................................
Balance to be paid borrowers onmortgage lo a n s ..........................
Borrowed m o n e y ...................................................................................
Undivided profits .................................................................................
Guaranty fund .....................................................................................
$45,197
11,732
3,500
3,800
1,280
769
50
84
00
00
83
57
$66,280 74
RECEIPTS
Cash on hand January 1, 1920 .................
Dues cnedited to m em bers..................................................................
Money borrowed ...................................................................................
Mortgages redeemed, foreclosed or transferred to real estate. .
Fees received .......................................................................................
Fines received ..................................................................................
Interest received .................................................................................
Liberty Loan b o n d s .......... ..................................................................
$1,479 95
9,984 50
3,800 00
7,700 00
89 00
23 21
3,524 25
5,000 00
$31,600 91
DISBURSEMENTS
Loaned on mortgage ..........................................................................
Due3 repaid on withdrawal, or applied on loans.......................
Dividends paid on withdrawal, or applied on loans...................
Paid borrowed money and prior m o rtg a g e s .................................
Paid interest on borrowed money and prior m ortg a g es.............
Paid salaries and clerk-hire .............................................................
Paid advertising, printing and p o s ta g e .........................................
Paid banking department, examination ........................................
Paid banking department, assessm ent............................................
Cash on hand December 31, 1920 ....................................................
$18,200
4,026
713
8,000
313
175
47
22
2
100
00
00
36
00
12
00
33
50
86
74
$31,600 91
172
R eport
on
Savings
L oan A ssociations
and
Plan, permanent. Par value of shares, $100. Instalments are 50 cents
weekly.
Shares in force January 1, 1920, 1,127; shares issued during the year,
1,584; shares withdrawn during the year, 90; shares .in force, 2,621. Bor
rowing members, 28, holding 641 shares; non-borrowing members, 126, hold
ing 1,980 shares. Female shareholders, 15, holding 164 shares. Total divi
dends credited members during the year on instalment shares, $3,213.18;
rate, 6% per cent.
No unpaid withdrawals. Membership fee, $1. Operating expenses, as
defined in section 390 of the Banking Law, incurred and paid during the
year, $222.33.
N o premium plan. Interest paid by borrowing members, 6 per cent. No
premium charged.
Loans have been made in Monroe county, New York State. Largest m ort
gage loan outstanding, $10,000. Mortgages in force in New York State,
$63,500. No foreclosures during the year.
DIME BANKING AND LOAN ASSOCIATION
No. 938 Clinton avenue, North, Rochester, N . Y.
[Organized under Law o f 1851.
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................
Commenced business 1886]
Names
FERDINAND SCHWAB.........
ALE X. H. G EFE L L .................
CHRIS JESSEN........................
ROBERT B. WICKES.............
Post-Office addresses
8 La Force Street.
105 Huntington Park.
875 Clinton Avenue, North.
47 So. Fitzhugh Street.
ASSETS
Loans on bond and m ortgage.......................
Stocks and bonds ...........................................
Cash on hand and in bank.............................
$325, 550 00
5, 786 22
6,150 04
$337,486 26
LIABILITIES
Due shareholders, dues ......................................................................
Due shareholders, dividends credited...............................................
Undivided profits .................................................................................
Guaranty f u n d ......................................................................................
Unearned or rebatable premium........ ...............................................
$269, 395
28,’ 426
19,487
15, 000
5,177
08
59
51
00
08
$337,486 26
RECEIPTS
Cash on hand January 1, 1920..........................................................
Dues credited to members..................................................................
Money borrowed ...................................................................................
Mortgages redeemed, foreclosed or transferred to real estate. .
Fees received .......................................................................................
Fines received .......................................................................................
Interest r e ce iv e d ...................................................................................
$4,782 48
95,321 28
13, 000 00
34,100 00
192 86
62 19
19,418 79
$166,877 54
DISBURSEMENTS
Loaned on m ortg a g e............................................................................
Dues repaid on withdrawal, or applied on loans...........................
Dividends paid on withdrawal, or applied on loans.....................
$50, 600 00
80, 842 06
11,273 07
M onroe C ounty
173
Cash dividends paid on income and accumulative prepaid
sh a re s..................................................................................................
Paid borrowed money and prior mortgages...................................
Paid interest on borrowed money and prior mortgages............
Paid salaries and clerk-hire ..............................................................
Paid advertising, printing and postage.........................................
Paid rent ...............................................................................................
Paid banking department, exam ination .........................................
Paid banking department, assessm ent...........................................
Insurance, burglary, etc......................................................................
Premium rebated ................................................................................
Cash on hand December 31, 1920......................................................
$2,361
13, 000
263
2, 056
67
60
38
11
22
133
6,150
00
00
04
00
47
00
00
08
50
28
04
$166,877 54
Plan, permanent. Par value of shares, $100. Instalments are 10 cents
weekly.
Shares in force January 1, 1920, 8,163; shares issued during the year, 1,928;
shares withdrawn during the year, 934; shares in force, 9i,157. Borrowing
members, 193, holding 3,255 shares; non-borrowing members, 349, holding
5,902 shares. Female shareholders, 377, holding 5,595 shares. Total divi
dends credited members during the year on instalment shares, $4,980.84; rate,
5 per cent and 6 per cent.
No unpaid withdrawals. Entrance fee, 10 cents per share. Operating
expenses, as defined in section 390 of the Banking Law, incurred and paid
during the year, $2,217.05.
Premium plan, gross. Interest paid by borrowing members, 5 1/5 per cent,
and 6 per cent. Premium paid by borrowing members, 10 per cent.
Loans have been made in Monroe county, New York State. Largest mort
gage loan outstanding, $13,200. Mortgages in force in New York State,
$325,550. No foreclosures during the year.
EQUITY CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION
No. 92 Portland avenue, Rochester, N. Y.
[Organized under Law of 1894.
Officers
President.....................
Secretary.....................
Treasurer...................
Attorneys.....................
Commenced business 1894]
Names
Post-office addresses
PETER W. SEILER................................................. Rochester.
GEORGE A. DERTINGER........................................ Rochester.
FRANK J. SCHWALB............................................. Rochester.
BENTON, McKAY & BOWN.................................. Rochester.
ASSETS
Loans on bond and m o r tg a g e ......................................... .................
Loans on sh a res....................................................................................
Cash on hand and in bank..................................................................
Furniture and fixtures ......................................................................
$162, 084
104
12,021
200
00
00
54
00
$174, 409 54
LIABILITIES
Due shareholders, dues ......................................................................
Due shareholders, dividends credited...............................................
Undivided profits .................................................................................
Guaranty f u n d ......................................................................................
$142, 997 68
24, 934 08
317 78
6,160 00
$174,409 54
174
R eport
on
Savings
L oan A ssociations
and
r e c e ip t s
Cash on hand January 1,1920..........................................................
Dues credited to members.............................................
Mortgages redeemed, foreclosed or transferred to real esta te..
Loans on shares repaid........................................................................
Real estate sold ...................................................................................
Fees received .........................................................................................
Fines received .......................................................................................
Interest r e ce iv e d ..................................................................................
Rent r e ce iv e d ........................................................................................
$13,446
82,359
38, 116
3, 328
3', 734
57
18
9;, 504
20
81
65
00
00
34
50
70
26
00
$150,585 26
DISBURSEMENTS
]
Loaned on m ortg a g e............................................................................
Loaned on shares .................................................................................
Dues repaid on withdrawal, or applied on loans..........................
Dividends paid on withdrawal, or applied on loans...................
Paid for real estate .............................................................................
Paid salaries and clerk -h ire.............................................................
Paid advertising, printing and postage...........................................
Paid rent ........................ . . . ................................................................
Paid banking department, exam ination.........................................
Paid banking department, assessm ent...........................................
Officers’ bonds .......................................................................................
State League dues ...............................................................................
Holdup insurance .................................................................................
Finance c o m m itte e ..................... . .......................................................
Cash on hand December 31, 1920......................................................
$49, 244
3, 380
73,285
7, 760
3, 717
933
53
104
30
6
14
6
22
5
12,021
00
00
91
82
37
50
80
00
62
20
00
00
50
00
54
$150, 585 26
Plan, permanent. Par value of shares, $104. Instalments are 10 cents, 15
cents and 25 cents weekly.
Shares in force January 1, 1920, 6,047; shares issued during the year, 1,526;
shares withdrawn during the year, 768; shares in force, 6,805. Borrowing
members, 75. holding 1,558 shares; non-borrowing members, 371, holding
5,247 shares. Female shareholders, 134, holding 1.404 shares. Total divi
dends credited members during the year on instalment shares, $7,858.26;
rate, 6 per cent.
No unpaid withdrawals. Membership fee, 50 cents. Operating expenses, as
defined in section 390 o f the Banking Law, incurred and paid during the year,
$1,138.80.
Premium plan, premium-interest. Interest paid by borrowing members, 6
per cent. No premium charged.
Loans have been made in Monroe county, New York State. Largest mort
gage loan outstanding, $9,256. Mortgages in force in New York State,
$162,084. One foreclosure during the year.
FAIR P0R T PERM ANENT LOAN ASSOCIATION
Fairport, N. Y .
[Organized under Law o f 1851.
Officers
President.......... ..........
Secretary.....................
Treasurer...................
Attorney............... .
Commenced business 18881
Names
WILLIAM A. BEBTON. .
E. C. SNOW......................
GEORGE G. MULLINER
E. J. F IS K ........................
Post-office addresses
Fairport. N. Y.
Fairport. N. Y.
Fairport. N. Y.
Fairport, N. Y.
ASSETS
Loans on bond and mortgage..............................................................
Stocks and bonds .................................................................................
Contracts for the sale of real estate................................................
$52, 700 00
4,000 00
2. 250 00
M onroe C ounty
Real estate ............................... ............................................................
Cash on hand and in bank.................................................................
Furniture and fixtures ......................................................................
175
$4,268 00
4, 111 61
100 00
$67, 420 51
LIABILITIES
Due shareholders, dues ......................................................................
Due shareholders, dividends credited...............................................
Undivided profits .................................................................................
Guaranty fund .....................................................................................
Real estate c o n t r a c t............................................................................
$46,587
11,262
4, 481
2, 848
2, 250
67
48
18
18
00
$67, 420 51
RECEIPTS
Cash on hand January 1, 1020..........................................................
Dues credited to members..................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Real estate s o l d ....................................................................................
Fees received .........................................................................................
Fines received .......................................................................................
Interest received .................................................................................
Premium received .................................................................... .
Rent received .......................................................................................
Dividends retained on withdrawals........................
Transfer fee .........................................................................................
Sale of real estate .............................................................................
D iv id e n d .................................................................................................
$0,321
28,260
181, 800
2, 618
50
105
3, 634
1,260
250
75
25
43
00
16
80
11
00
01
00
41
50
1, 355 64
4 76
$65,763 07
DISBURSEMENTS
Loaned on m o rtg a g e ............................................................................
Dues repaid on withdrawal, or applied on loans.......................
Dividends paid on withdrawal, or applied on loans...................
Paid matured shares ........................................................................
Paid for real estate ..........................................................................
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage.........................................
Paid banking department, examination.......................................
Paid banking department, assessment............................................
Burglary and holdup insurance ....................................................
Commission on sale of real estate..................................................
Attorney’s fees .....................................................................................
S u n d ries..................................................................................................
Cash on hand December 31, 1020 ....................................................
$10, 600
23, 680
2,024
20, 177
3,445
013
30
22
3
18
66
22
30
4, 111
00
40
03
28
07
50
03
50
52
41
00
76
88
51
$65,763 07
Plan, permanent. Par value of shares, $100. Instalments are 10 cents and
25 cents weekly.
Shares in force January 1, 1020, 1,858; shares issued during the year, 508;
shares withdrawn during the year, 438; shares in force, 2,018. Borrowing
members, 40, holding 517 shares; non-borrowing members, 63, holding 1,501
shares.
Female shareholders, 43, holding 341 shares.
Total dividends
credited members during the year on instalment shares, $4,058.81; rate 7
per cent.
No unpaid withdrawals. Amount o f shares matured during the year,
$20,177.28. Entrance fee, 10 cents per share. Operating expenses, as defined
in section 300 of the Banking Law, incurred -and paid during the year,
$671.46.
176
R eport
on
S avings
L oan A ssociations
and
Premium plan, installment. Interest paid by borrowing members, 10 cents
per share per week. Premium paid by borrowing members 4 cents per share
per week.
Loans have been made in Monroe county, New York State. Largest mortgage
loan outstanding, $2,100. Mortgages in force in New York State, $52,700.
No foreclosures during the year.
GENESEE FALLS PERMANENT SAVINGS AND LOAN ASSOCIATION
No. 368 Clinton avenue, North, Rochester, N . Y .
[Organized under Law of 1851.
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney......................
Commenced business 1887]
Names
RICHARD J. STEPHANY...................
HENRY W. MARTENS........................
DENNIS COFFEY...................................
HENRY W. MARTENS.........................
Post-office addresses
528
Remington Street.
517
E. & B. Building.
28
Ward Street.
517
E. & B. Building.
.ASSETS
Loans on bond and m ortgage..........................................................
Cash on hand and in b a n k ................................................................
$2, 600 0b
376 55
$2, 976 55
LIABILITIES
Due shareholders, dues ......................................................................
Due shareholders, dividends credited..............................................
Guaranty fund .....................................................................................
Unearned or rebatable premium ......................................................
$2,011
256
667
41
10
52
9b
00
$2, 976 55
RECEIPTS
Cash on hand January 1, 1920........................................................
Dues credited to members ....................................... ........................
Mortgages redeemed, foreclosed or transferred to real estate. .
Interest received .................................................................................
$1,370
1.582
2,650
248
94
10
00
18
$5,851 22
DISBURSEMENTS
Dues repaid on withdrawal, or applied on loans.......................
Dividends paid on withdrawal, or applied on loans.................
Cash dividends paid on income and accumulative prepaid
s h a r e s ........................................ : .......................................................
Paid salaries and clerk-hire ..........................................................
Paid r e n t ................................................................................................
Paid banking department, examination .......................................
Paid banking department, assessment.........................................
Cash on hand December 31, 1920....................................................
$4, 508 50
' 417 78
21 38
474 80
35 00
1601
1 20
376 55
$5,851 22
Plan, permanent. Par value of shares, $100. Instalments are 10 cents
weekly.
Shares in force January 1, 1920, 127; shares issued during the year, none;
shares withdrawn during the year, 60; shares in force, 67. Borrowing mem
bers, 3, holding 14 shares; non-borrowing members, 10, holding 53 shares.
Female shareholders, 2, holding 10 shares.
177
M onroe C ounty
No unpaid withdrawals. Entrance fee, 10 cents per share. Operating
expenses, as defined in section 390 of the Banking Law, incurred and paid
during the year, $509.80.
Premium plan, gross. Interest paid by borrowing members, 5 1/5 per cent.
Premium paid by borrowing members, 5 per cent.
Loans have been made in Monroe county, New York State. Largest mort
gage loan outstanding, $800. Mortgages in force in New York State, $2,600.
No foreclosures during the year.
HOME BUILDERS' CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION
No. 15 Rochester Savings Bank Building, Rochester, N. Y.
[Organized under Laws of 1909.
Commenced business 1910]
Officers
Names
President.....................
JAMBS M. HARRISON.........................
Secretary-Treasurer.. WILLIAM W. WALKER...................
Attorney...................... CURTIS FITZSIMONS..........................
Post-office addresses
300
Frank Street.
168
Augustine Street.
15 Rochester Savings
Bank Bldg.
A SSE TS
Loans on bond and mortgage..........................................................
Cash on hand and in bank ..............................................................
$39, 300 00
1,140 20
$40, 440 20
LIABILITIES
Due shareholders, d u e s ......................................................................
Due shareholders, dividends credited...........................................
Undivided profits ..............................................................................
Guaranty fund ...................................................................................
$28, 827
6,729
4,027
856
45
30
17
28
$40, 440 20
RECEIPTS
Cash on hand January 1, 1920.......................................................
Dues credited to members ................................................................
Mortgages redeemed, foreclosed or transferred to real estate.
Loans on shares repaid ..................................................................
Fees receiv ed ...................................................................................................
Fines receiv ed ........................................................................................
Interest received .................................................................................
Dividends retained on withdrawals.........................................................
$1,918
5, 568
9,800
2, 500
45
50
00
00
1113
58 62
2, 669 48
46861
$22,994 79
DISBURSEMENTS
Loaned on mortgage ...........................................................................
Dues repaid on withdrawal, or applied on loans.......................
Dividends paid on withdrawal, or applied on loans...................
Paid salaries and clerk-hire ..........................................................
Paid advertising, printing and postage.......................................
Paid banking department, examination.......................................
Paid banking department, assessment .......................................
Officers’ b o n d s .......................................................................................
Safe deposit box ................................. : .............................................
Cash on hand December 31, 1920....................................................
$7, 700 00
11,156 50
2,918 89
30 00
1650
21 25
2 45
4 00
5 00
1,140 20
$22, 994 79
178
R epoet
on
S ayings
L oan A ssociations
and
Plan, permanent. Par value of shares, $200. Instalments are $1 monthly.
Shares in force January 1, 1920, 500; shares issued during the year, 44;
shares withdrawn during the year, 125; shares in force, 419. Borrowing
members, 19, holding 201 shares; non-borrowing members, 35, holding 218
shares. Female shareholders, 14, holding 72 shares. Total dividends credited
members during the year on instalment shares, $2,32,8.50; rate, ® per cent.
No unpaid, withdrawals. Entrance fee, 25 cents per share. Operating
expenses, as defined in section 390 of the Banking Law, incurred and paid
during the year, $57.95.
N o premium plan. Interest paid by borrowing members, 6 per cent. N o
premium charged.
Loans have been made in Monroe county, New York State. Largest m ort
gage loan outstanding, $2,800. Mortgages in force in New York State.
$39,300. No foreclosures during the year.
HOMESTEAD LOAN ASSOCIATION
No. 407 Elwood Building, Rochester, N. Y.
[Organized under Law o f 1851.
Officers
President.. .
Secretary...
Treasurer...
A ttorn ey.. .
Names
WILLIAM F.
GEORGE W.
GEORGE W.
GEORGE W.
Commenced business 1881]
LOVE........................
COLBURN..............
THOMAS.................
THOMAS..................
Post-office addresses'
Court House Building.
204 Granite Building.
806 Powers Building.
806 Powers Building.
ASSETS
Loans on bond and mortgage.........................
Stocks and bonds................................. ..
Contracts for the sale of real estate.............
Real estate ........................................................
Cash on hand and in bank.............................
Advances for taxes, insurance, etc................
$42, 280
75
5,343
8
667
58
40
00
10
17
43
13
$48,432 23
LIAB ILITIES
Due shareholders, dues......................................................................
Due shareholders, dividendscredited................................................
Borrowed money .....................
Undivided profits .................................................................................
Guaranty fund ................................................................
Unearned or rebatable premium........................................................
Suspense account .......................................
$37,753
2,793
3,000
1,753
2,814
250
67
70
00
00
54
34
00
65
$48,432 23
RECEIPTS
Cash on hand January 1, 1920.......................................................
Dues credited to members..................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Fees received ........................................................................ ................
Interest received .................................................................................
Premium received ..............................
Land Bank stock ...................................
Land Bank, dividend ......................................................................
Land contracts .....................................................................................
Dividends credited ..............
$989 15
9,652 70
10,109 50
50
2,666 11
403 40
1,000 00
40 00
1,476 35
2,226 90
179
M onroe C ounty
Profit and l o s s ......................................................................................
Suspense account ................................................................................
Refund from State League................................................................
$16 41
39 00
1 00
$28,621 02
DISBURSEMENTS
Loaned on m ortgage............................................................................
Dues repaid on withdrawal, or applied on loans.........................
Dividends paid on withdrawal, or applied on loans...................
Cash dividends paid on income and accumulative prepaid
shares ...................................................
Paid borrowed money and prior mortgages.................................
Paid interest on borrowed money and prior mortgages...........
Paid salaries and clerk-hire..............................................................
Paid rent ...............................................................................................
Paid taxes, insurance, etc..................................................................
Paid banking department, examination.........................................
Paid banking department, assessment...........................................
Land contracts .....................................................................................
S u n dries.................................................................................................
Overpayment .........................................................................................
Dividends credited ..............................................................................
Cash on hand December 31, 1920....................................................
$200 00
17,288 45
1,104 85
1,141
4,500
212
642
338
6
24
1
157
86
23
2,226
667
00
00
50
00
00
60
87
85
37
10
10
90
43
$28,621 02
Plan, permanent. Par value of shares, $100. Instalments are 10, 15, 20
and 25 cents weekly.
Shares in force January 1, 1920, 811; shares issued during the year, 104;
shares withdrawn during the year, 208; shares in force, 707. Borrowing
members, 24, holding 263 shares; non-borrowing members, 52, holding 444
shares.
Female shareholders, 28, holding 329 shares.
Total dividends
credited members during the je a r on instalment shares, $1,085.90; rate, 5
per cent. Total dividends credited or paid in cash to members during the
year on other-shares, $1,141; rate, 5 per cent.
N o unpaid withdrawals. Membership fee, 25 cents. Operating expenses,
as defined in section 390 of the Banking Law, incurred and paid during the
year, $981.85.
Premium plan, instalment. Interest paid by borrowing members, 10 cents
per share per week. Premium paid by borrowing members, 5 cents per share
per week.
Loans have been made in Monroe county, New York State. Largest mort
gage loan outstanding, $4,500. Mortgages in force in New York State,
$42,280.40. No foreclosures during the year.
HUDSON STREET PERMANENT SAVING AND LOAN ASSOCIATION
No. 517 Ellwanger and Barry Building, Rochester, N. Y.
[Organized under Law of 1851.
Commenced business 1885]
Officers
Names
President...................... JOHN FRAZER...................................
Secretary..................... HENRY W. MARTENS....................
Treasurer...................
JOHN B. WEGMAN..........................
Attorney...................... HENRY W. MARTENS....................
Post-office addresses
224
Wellington Avenue.
517
E. & B. Building.
195
Fernwood Avenue.
517
E. & B. Building.
ASSETS
Loans on bond and mortgage
Cash on hand and in b a n k ..
$4,500 00
1,533 21
$ 6 ,0 3 3 21
180
R epost
on
S avings
and
L oan A ssociations
LIABILITIES
$4,601
844
12
509
65
Due shareholders, dues .......................................
Due shareholders, dividends credited...............
Undivided profits ..................................................
Guaranty fund ......................................................
Unearned or rebatable premium.......................
58
18
00
60
85
$6,033 21
RECEIPTS
Cash on hand January 1, 1920..........................................................
Dues credited to members..................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Interest received .................................................................................
$973
1,161
3,500
323
95
72
00
39
$5,959 06
DISBURSEMENTS
Dues repaid on withdrawal, or applied on loans........................
Dividends paid on withdrawal, or applied onlonas....................
Cash dividends paid on income and accumulative prepaid
sh a r e s ..................................................................................................
Paid salaries and clerk-hire............................................................
Paid rent ...............................................................................................
Paid banking department, examination............................
Paid banking department, assessment............................................
Cash on hand December 31, 1920....................................................
$3,125 71
860 35
40 00
370 50
12 00
16 01
128
1,533 21
$5,959 06
Plan, permanent. Par value of shares, $100. Instalments are 10 cents
weekly.
Shares in force January 1, 1920, 124; shares issued during the year, none;
shares withdrawn during the year, 35; shares in force, 89. Borrowing mem
bers, 3, holding 45 shares; non-borrowing members, 7, holding 44 shares.
Female shareholders, 3, holding 25 shares. Total dividends credited members
during the year on instalment shares, $125.01; rate, 5 per cent. Total divi
dends credited or paid in cash to members during the year on other shares,
$57.05; rate, 4 per cent.
No unpaid withdrawals. Entrance fee, 10 cents per share. Operating ex
penses, as defined in section 390 o f the Banking Law, incurred and paid during
the year, $382.50.
Premium plan, gross. Interest paid by borrowing members, 5.2 per cent.
Premium paid by borrowing members, 5 per cent.
Loans have been made in. Monroe county, New York 'State. Largest mort
gage loan outstanding, $2,500. Mortgages in force in New York State, $4,500.
No foreclosures during the year.
PINNACLE AVE N U E SAVINGS AND LOAN ASSOCIATION
No. 842 Clinton avenue, South, Rochester, N. Y .
[Organized under Law o f 1851.
Officers
P re sid e n t..................
Secretary.....................
Treasurer...................
Attorney......................
Commenced business 1890]
Names
Post-office addresses
CHARLES C. REH TZ.....................................
Rochester,
N.T.
WILLIAM J. RICHTER................................. Rochester,
N.Y.
PRANK B. SCHMIDT...................................... Rochester,
N.Y.
WILLIAM J. RICHTER................................. Rochester,
N.Y.
ASSETS
Loans on bond and mortgage
Stocks and b o n d s ...................
$159, 950 00
6,000 00
M onroe C ounty
Cash on hand and in bank................................................................
Furniture and fixtures ......................................................................
181
$18,877 16
50 00
$184,877 16
LIABILITIES
Due shareholders, dues ......................................................................
Due shareholders, dividends credited.............................................
Undivided profits .................................................................................
Guaranty fund .....................................................................................
Unearned or rebatable p rem iu m ......................................................
$144, 061
22,338
3, 765
7, 500
7, 210
00
85
96
00
35
$184,877 16
RECEIPTS
Cash on hand January 1, 1920 ........................................................
Dues credited to members ................................................................
Mortgages redeemed, foreclosed or transferred- to real estate. .
Fees received ........................................................................ ..............
Fines r e ce iv e d .......................................................................................
Interest received .................................................................................
Premium received ................................................................................
Dividends retained on withdrawals...............................................
$26,798
102, 568
29, 900
48
14
8, 381
6, 403
72
00
00
00
50
92
02
50
67
$174,186 61
DISBURSEMENTS
Loaned on mortgage ..........................................................................
Dues repaid on withdrawal, or applied on loans.......................
Dividends paid on withdrawal, or applied on lo a n s ...................
Paid matured shares ..........................................................................
Paid salaries and clerk-hire ............................................................
? a id rent ...............................................................................................
Paid banking department, examination .......................................
Paid banking department, assessm ent...........................................
Premium rebated .................................................................................
Interest rebated ...................................................................................
Office supplies, etc.................................................................................
Cash on hand December 31, 1920 ....................................................
$71,150 00
46,335 58
3,148 99
31, 837 20
1, 222 00
129 00
23 00
579
1,114 00
3 00
340 89
18, 877 16
$174,186 61
Plan, permanent. Par value of shares, $100. Instalments are 15 cents
per share.
Shares in force in January 1, 1920, 2,113; shares issued during the year,
388; shares withdrawn during the year, 298; shares in force 2,203. Borrow
ing members, 108, holding 1,280 shares; non-borrowing members, 478, holding
923 shares. Female shareholders, 198, holding 492 shares. Total dividends
credited members during the year on instalment •shares, $6,297.13; rate
4.4 per cent.
No unpaid withdrawals. Amount of shares matured during the year,
$31,837.20. Membership fee, 25 cents. Operating expenses, as defined in
section 390 of the Banking Law, incurred and paid during the year, $1,691.89.
Premium plan, gross. Interest paid by borrowing members, 10 cents per
share per week. Premium paid by borrowing members, $9 per share.
Loans have been made in Monroe and Livingston counties, New York State,
la rg est mortgage loan outstanding, $12,500. Mortgages in force in New
York State, $159,950. No foreclosures during the year.
182
R epost
on
S avings
L oan A ssociations
and
PROFIT LOAN ASSOCIATION
No. 448 Powers Block, Rochester, N . Y .
[Organized tinder Law o f 1851.
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................
Commenced business 1880]
Names
Post-office addresses
LEWIS H. GILBERT...................................
WILLIAM J. TRIM BLE......... ...................
JOHN C. S H A W .........................................
S. C. TRUESDALE............................
Rochester,
Rochester,
Rochester,
Rochester,
N. Y.
N. Y.
N. Y.
N. Y.
ASSETS
Loans on bond and mortgage ..........................................................
Stocks and bonds .................................................................................
Contracts for the sale of real e s t a t e ......................................... ..
Real estate ............................................................................................
Cash on hand and in b a n k ...............................................................
$491, 900
64, 600
5, 600
3, 900
19,666
00
00
00
00
45
$585,666 45
LIABILITIES
Due shareholders, d u e s ......................................................................
Due shareholders, dividends c r e d ite d .............................................
Undivided profits ................................................................................
Guaranty fund .....................................................................................
$342, 377
165,429
53, 359
24, 500
60
62
23
00
$585,666 45
RECEIPTS
Cash on hand January 1, 1920 .......................................................
Dues credited to members ................................................................
51'ortgages redeemed, foreclosed or transferred to real esta te.. .
Real estate sold ...................................................................................
Fees received ........................................................................................
Fines received..............................
Interest received .................................................................................
Premium received ...............................................................................
Rent received ........................................................................................
Profit and loss, real e s t a t e ...........................................................
Real estate contract ...........................................................................
$94,876 98
168,641 12
99,800 00
18,232 59
11 75
544 24
29, 828 98
10, 967 26
442 95
862 84
2, 600 00
$426,808 71
DISBURSEMENTS
Loaned on mortgage ..........................................................................
$192,100 00
Dues repaid on withdrawal, or applied on loans........ ..............
175,964 89
Dividends paid on withdrawal, or applied on lo a n s ...................
22, 454 45
Paid for real e s t a t e ............................................................................
2, 900 00
Paid salaries and clerk-hire..............................................................
2,547 09
Paid advertising, printing and p o s ta g e ........................................
153 25
Paid rent ...............................................................................................
120 00
Paid taxes, insurance, etc...................................................................
500 98
Paid banking department, examination ........................................
60 25
Paid banking department, assessment ..........................................
19 11
Officers’ b o n d s .......................................................................................
8 00
Liberty loan bonds ............
9,200 00
Profit and loss ...................................................................... *.............
737 58
Suspense . . . . . .......................................................................................
50 00
Attorney’s fees .....................................................................................
171 75
Safe deposit b o x .....................................................
5 00
Commission on sale of real e s t a t e ......................................................
150 00
Cash on hand December 31, 1920 ....................................................
19, 666 45
$ 4 2 6 ,8 0 8 71
183
M onroe C ounty
Plan, permanent. Par value of shares, $100. Instalments are 10 cents
weekly.
Shares in force January 1, 1920, 7,626; shares issued during the year,
1,162; shares withdrawn during the year, 817; shares in force, 7,971. Bor
rowing members, 189, holding 4,919> shares; non-borrowing members, 363,
holding 3,052 shares. Female shareholders, 254, holding 2,671 shares. Total
dividends credited members during the year on instalment shares, $31,176.67;
rate 6% per cent.
N o unpaid withdrawals. Membership fee, 25 cents. Operating expenses,
as defined in section 390 of the Banking Law, incurred and paid during the
year, $2,852.36.
Premium plan, premium-interest. Interest paid by borrowing members,
10 cents per share per week. Premium paid by borrowing members, 5 cents
per share per week.
Loans have been made in Monroe and Orleans counties, New York State.
Largest mortgage loan outstanding, $13,000. Mortgages in force in New
York State, $491,900, Two foreclosures during the year.
SECURITY LOAN ASSOCIATION
No. 448 Powers Building, Rochester, N. Y.
[Organized under Law o f 1851.
Officers
President.....................
Secretary.....................
Treasurer....................
Attorney......................
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
Real estate ........................................................
Cash on hand and in b a n k .............................
$11,600 00
282 38
$11,882 38
LIAB ILITIES
Due shareholders, dues ................ .....................................................
Due shareholders, dividends c re d ite d ............................................
Prior mortgages .................................................................... ..............
Undivided profits ................................................................................
Guaranty fund .....................................................................................
$4, 762
936
4, 800
474
909
43
15
00
35
45
$11,882 38
RECEIPTS
Cash on hand January 1, 1920 ........................................................
Rent received ........................................................................................
$162 55
847 00
$1,009 55
DISBURSEMENTS
Paid
Paid
Paid
Paid
Paid
Cash
interest on borrowed money and prior mortgages...........
salaries and clerl&-hire..............................................................
repairs to real e s t a t e ................................. ..............................
taxes, insurance, etc. ................................................................
banking department, examination .......................................
on hand December 31, 1920 ....................................................
$288
42
74
313
9
282
00
35
49
33
00
38
$1, 009 55
184
K eport
on
Savings and L oan A ssociations
Plan, permanent. Far value of shares, $105. Instalments are 10, 15, 20
and 25 cents weekly.
Shares in force January 1, 1920, 118; shares issued during the year,
nope; shares withdrawn during the year, none; shares in force, 118; borrow
ing members, none; non-borrowing members, 14, holding 118 shares.
Female shareholders, 3, holding 11 shares. Amount of filed and unpaid
withdrawals December 31, 1920, $4,726.43.
Membership fee, 25 cents.
Operating expenses, as defined in section 390 of the Banking Law, incurred
and paid during the year, $42.35.
Premium plan, gross. Interest paid by borrowing members, 10 cents per
share. Premium paid by borrowing members, $10 per share.
Loans have been made in Monroe county, New York State. No loans out
standing.
TW E N T IE T H W A R D CO-OPERATIVE SAVINGS AND LOAN
ASSOCIATION
No. 341 Campbell street, Rochester, N . Y .
. [Organized under Law o f 1692.
Officers
President...
Secretary...
Treasurer...
A ttorn ey.. .
Commenced business 1896]
Names
HENRY A. MENSING.........
AUGUST J. DENTINGER.
JOHN SEILER.....................
WILLIAM F. LOVE.............
Post-office addresses
508 Campbell Street.
40 Home Place.
841 Campbell Street.
Court House, Rochester.
ASSETS
Loans on bond and mortgage ..........................................................
Stocks and b o n d s .................................................................................
Cash on hand and in bank ..............................................................
$263, 800 00
26,172 00
13, 423 38
$303,395 38
LIAB ILITIES
Due shareholders, dues ......................................................................
Due shareholders, dividends c re d ite d ..............................................
Borrowed money ..................................................................................
Undivided p r o fit s .......... ......................................................................
Guaranty fund . . .................................................................. ..............
$238, 428
33, 226
18,000
9,109
4,630
55
27
00
82
74
$303,395 38
RECEIPTS
Cash on hand January 1, 1920 ......................................................
Dues credited to members ................................................................
Money borrowed ..................................................................................
Mortgages redeemed, foreclosed or transferred to real e s ta te ..
Real estate s o l d ..................
Fees re ce iv e d .........................................................................................
Fines received .......................................................................................
Interest received ..................................................................................
Premium received ................................................................................
Dividends retained on w ith d ra w a ls............................... - ..............
Liberty loan bonds ................... ..........................................................
Forfeiture on bond deposits..............................................................
$16,203
148, 488
26, 000
34, 700
200
974
1
12, 427
3, 368
18
410
3
63
62
00
00
00
70
88
47
19
29
00
50
$242, 796 28
185
M onroe County
D ISB U R SEM E N TS
Loaned on mortgage ..........................................................................
Dues repaid on withdrawal, or applied on lo a n s .......................
Dividends paid on withdrawal, or applied on loans................
Paid borrowed money and prior m ortg a g es.................................
Paid interest on borrowed money and prior m o r tg a g e s ........
Paid salaries and clerk-hire ............................................................
Paid advertising, printing and postage .......................................
Paid rent ...............................................................................................
Paid banking department, examination .......................................
Paid banking department, assessment .........................................
Interest paid on Victory bonds ......................................................
Interest and premium refunded ......................................................
Victory and Liberty b o n d s ................................................................
Sundries .................................................................................................
Cash on hand December 31, 1920 ....................................................
$112,600 00
99, 465 22
6,047 27
8, 000 00
710 00
1, 482 25
193 30
100 00
2771
8 22
54 30
14 04
650 00
20 59
13, 423 38
$242,796 28
Plan, permanent. Par value of shares, $100. Instalments are 10 cents
and 25 cents weekly.
Shares in force January 1, 1920, 9,129; shares issued during the year,
3,898; shares withdrawn during the year, 496; shares in force, 12,531. Bor
rowing members, 156, holding 2,638 shares; non-borrowing members, 924,
holding 9,893 shares. Female shareholders, 360, holding 3,120 shares. Total
dividends credited members during the year on instalment shares, $13,036.57;
rate 6 per cent.
No unpaid withdrawals. Entrance fee, 10 cents and 25 cents per share.
Operating expenses, as defined in section 390 of the Banking Law, incurred
and paid during the year, $1,796.80.
Premium plan, premium-interest. Interest paid by borrowing members,
5*/b per cent. Premium paid by borrowing members, 3 cents and 4 cents
per share weekly.
Loans have been made in Monroe county, New York State. Largest mort
gage loan outstanding, $6,000. Mortgages in force in New York State,
$263,800. No foreclosures during the year.
UNION PERMANENT SAVINGS AND LOAN ASSOCIATION
No. 368 Clinton avenue, North, Rochester, N. Y.
(O rganized under Law o f 1851.
Officers
President......................
Secretary......................
Treasurer....................
A ttorneys......................
Commenced business 1886]
Names
ROBERT
E D W AR D
C H A R LES
W ER N E R
8 IE B E R T ..................
A . S H U L T S ............
NtJNNOLD................
ft H A R R IS .............
Post-office addressee
614 University Avenue.
627 South Avenue.
Point Pleasant, N. Y.
Insurance Building.
A SSE TS
Loans on bond and mortgage ..........................................................
Cash on hand and in bank ..............................................................
$75, 940 00
1, 663 09
$77,603 09
186
K epobt on Savings and L oan A ssociations
LIABILITIES
Due shareholders, d u e s .......................................
Due Shareholders, dividends c re d ite d ..........
Undivided profits ..................................................
Guaranty fund ......................................................
Unearned or rebatable p rem iu m .......................
$62,128
10,035
1,410
1,638
2,390
70
17
52
27
43
$77,603 09
R E C E IP T S
Cash on hand January 1, 1920
........ ........................ ..
Dues credited to m em b ers.............................................. ................
Mortgages redeemed, foreclosed or transferred to real esta te.. .
Pees received ..................... 1.................... ..................
Interest received ..................................................................................
Premium received ................................................................................
Advances r e p a id ...................................................................................
$2, 857
29, 275
8,100
47
3, 723
733
12
03
69
00
50
55
50
50
$44,749 77
D ISB U R SE M E N T S
Loaned on mortgage ........................................... ..............
Dues repaid on withdrawal, or applied on lo a n s ......................
Dividends paid on withdrawal, or applied on l o a n s .................
Paid salaries and c le rk -h ir e ............................... ............................
Paid advertising, printing and postage .......................................
Paid rent ........................................... '........................................... ..
Paid banking department, assessm ent............................................
Insurance ...............................................................................................
State League dues .....................................................................
Mortgage t a x e s ..............................................................................
Notary fees ........................................................................................
Cash on hand December 31, 1920 .......................\ .....................
$16, 300
22,426
3, 767
370
69
52
3
20
5
71
1
1, 663
00
60
57
00
77
00
24
50
00
00
00
09
$47,749 77
Plan, permanent. Par value of shares, $100. Instalments are 10 cents
weekly.
Shares in force January 1, 1920, 1,592; shares issued during the year,
475; shares withdrawn during the year, 313; shares in force, 1,754. Borrow
ing members, 36, holding 756 shares; non-borrowing members, 156, holding
996 shares. Female shareholders, 58, holding 396 shares. ' Total dividends
credited members during the year on instalment shares, $3,202.74; rate 6
per cent.
N o unpaid withdrawals. Entrance fee, 10 cents per share. Operating
expenses, as defined in section 390 of the Banking Law, incurred and paid
during the year, $517.27.
Premium plan, gross. Interest paid by borrowing members, 5y6 per cent.
Premium paid By borrowing members, $4.50 per share.
Loans have been made in Monroe county, New York State. Largest m ort
gage loan outstanding, $5,000. Mortgages in force in New York State,
$75,940. No foreclosures during the year.
187
M onroe County
UNITED PERMANENT SAVINGS AND LOAN ASSOCIATION
No. 551 Portland avenue, Rochester, N. Y.
[Organized under Law of 1851.
Officers
Names
Commenced business 1886]
Post-office add
P residen t.....................
FRED
K O E H N L E IN ____
77 Holbrook Street.
.................................
u v u io
l u i A x r * ••••••••
» liu u m e r n a v e .
A ttorn ey .......................
JAM ES L. B R E W E R .. . .
218 Hllwanger and B arry Bldg.
A SSE TS
Loans on bond and mortgage............................................................
Stocks and bonds ..............................................................................
Cash on hand and in bank................................................................
Furniture and fixtures ......................................................................
$165, 850
517
4,932
50
00
87
51
00
$171, 350 38
L IA B IL IT IE S
Due shareholders, dues ................................................................ .. .
Due shareholders, dividends credited ...........................................
Undivided profits ................................................................................
Guaranty f u n d ......................................................................................
$139,017
26,716
2, 026
3, 590
40
55
43
00
$171, 350 38
R E CEIPTS
Cash on hand January 1, 1920.......................................................
Dues credited to members
......................................................
Mortgages redeemed, foreclosed or transferred to real esta te..
Fees rece iv e d .....................................................................
Fines received........................................................................................
Interest received .................................................................................
Premium received ................................................................................
War savings stamps ..........................................................................
$13,371 74
92,022 45
16,450 00
96 70
23 75
7, 855 05
1, 965 50
17 25
$131,802 44
D ISB U R SE M E N T S
Loaned on mortgage ..........................................................................
Dues repaid on withdrawal, or applied on loans.........................
Dividends paid on withdrawal, orapplied on loans.....................
Paid salaries and clerk-hire ............................................................
Paid advertising, printing and postage.......................................
Paid r e n t ................................................................................................
Paid banking department, examination.......................................
Paid banking department, assessment...........................................
Officers’ bonds .......................................................................................
Burglary insurance .......................................
Cash on hand December 31, 1920 ....................................................
$63,800 00
58, 074 35
4,047 60
693 50
163 55
39 25
. 15 99
519
8 00
22 50
4,932 51
$131,802 44
Plan, permanent. Par value of shares, $100 and $200. Instalments are
10 cents and 25 cents weekly.
Shares in force January 1, 1920, 2,357; shares issued during the year, 967;
shares withdrawn during the year, 479; shares in force, 2,845. Borrowing
members, 75, holding 858 shares; non-borrowing members, 428, holding 1,987
shares. Female shareholders, 163, holding 825 shares.
Total dividends
credited members during the year on instalment shares, $7,915.65; rate,
6 per cent.
188
R epoet on Savings and L oan A ssociations
No unpaid withdrawals. Entrance fee, 10 cents per share. Operating
expenses, fts defined in section 390 of the Banking Law, incurred and paid
during the year, $931.99.
Premium plan, instalment. Interest paid by borrowing members, 5% per
cent. Premium paid by borrowing members, 5 cents per share.
Loans have been made in Monroe county, New York State. Largest mort
gage loan outstanding, $6,000. Mortgages in force in New York State,
$165,850. No foreclosures during the year.
W ADSW O RTH DIME BANKING AID AND LOAN ASSOCIATION
No. 993 North street, Rochester, N. Y.
[Organized under Law o f 1851.
Officers
President......................
Secretary......................
T reasurer................
Commenced business 1867]
Names
Post-office addresses
H EN RY J . S IM M E L IN K .....................
GEORGE S T U R M E R ............................
JOSEPH F . R IB S T E IN ......................
196 Hudson Avenue.
954 C lifford Avenue.
16 E xchange PL Bldg.
A SSE TS
Loans on bond and mortgage ........................................................
Stocks and bonds .................................................................................
Cash on hand and in b a n k ................................................................
Furniture and fixtures ....................................................................
$102,700
1, 050
1, 806
40
00
00
26
00
$105,596 26
L IA B IL IT IE S
Due shareholders, dues ......................................................................
Due shareholders, dividends credited..............................................
Undivided profits .................................................................................
Guaranty fund ...............................................................................
$83, 413
13,301
4, 081
4, 800
95
10
2i
00
$105,596 26
R E C E IPTS
Cash on hand January 1, 1920........................................................
Dues credited to members ................................................................
Mortgages redeemed, foreclosed or transferred to real estate.
Fees received .......................................................................................
Interest r eceiv ed ...................................................................................
Premium received .............................................................. ..................
$3, 869
28,946
9,400
54
4, 852
2, 243
93
25
00
50
20
45
$49,366 33
D ISB U R SE M E N T S
Loaned on mortgage ...........................................................................
Dues repaid on withdrawal, or applied on loans.......................
Dividends paid on withdrawal, or applied on loans.................
Cash dividends paid on income and accumulative prepaid
shares . . •.............................................................................................
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage.........................................
Paid banking department, examination .......................................
Paid banking department, assessment ............................................
W ar savings stamps ..................................................................
Cash on hand December 31, 1920 ....................................................
$29,000 00
14. 8S8 90
1,234 95
1. 303
1,040
14
24
3
50
1,806
45
00
50
50
77
00
26
$49, 366 33
189
M onroe County
Plan, permanent. Par value of shares, $100. Instalments are 10 cents
weekly.
Shares in force January 1, 1920, 1,728; shares issued during the year, 540;
shares withdrawn during the year, 204; shares in force, 2,004. Borrowing
members, 40, holding 1,027 shares; non-borrowing members, 119, holding 977
shares.
Female shareholders, 46, holding 3415 shares.
Total dividends
credited members during the year on instalment shares, $3,434.60; rate,
6 per cent. Total dividends credited or paid in cash to members during the
year on other shares, $1,303.45; rate, 0 per cent.
No unpaid withdrawals. Entrance fee, 10 cents per share. Operating
expenses, as defined in section 390 of the Banking Law, incurred and paid
during the year, $l,054l.50.
Premium plan, instalment. Interest paid by borrowing members, 5% per
cent. Premium paid by borrowing members, 5 cents per share per week.
Loans have been made in Madison county, New York State. Largest mort
gage loan outstanding, $14,500. Mortgages in force in New York State,
$102,700. No foreclosures during the year.
WESTERN SAVINGS AND LOAN ASSOCIATION
No. 232 Pierpont street, Rochester, N. Y.
[O rganized under Law o f 1892.
Officers
F irst V ice-P resident.
Secretary......................
Treasurer.....................
A ttorn ey .......................
Commenced business 1894]
Names
Post-office addresses
THOM AS A . S M Y T H .....................................
E . C. S T E P H E N S ..............................................
B . C. S T E P H E N S ............................................
R IC H A R D E. W H IT E .....................................
Rochester,
Rochester,
Rochester,
Rochester,
N. Y.
N. Y.
N. 1
N. Y.
A SSE TS
Cash on hand and in bank ............................................................
$666 25
$666 25
LIABILITIES
Undivided profits .................................................................................
Withdrawal certifica tes......................................................................
Interest re se rv e .............................................................................................
$466 02
42 35
15788
$666 25
R E C E IP T S
Cash on hand January 1, 1920..........................................................
Interest received .................................................................................
$649 32
25 96
$675 28
DISBURSEMENTS
Paid banking department, examination .......................................
Paid banking department, assessment...........................................
Cash on hand December 31, 1920 ....................................................
$8 00
1 03
666 25
$675 28
Plan, serial. Par value of shares, $100. Instalments are 25 cents, 50
cents and $1 monthly.
No unpaid withdrawals.
No premium plan. No premium charged. No loans outstanding.
190
K epobt on Savings and L oan A ssociations
MONTGOMERY COUNTY
AMSTERDAM BUILDING, SAVINGS AND LOAN ASSOCIATION
No. 15 E. Main street, Amsterdam, N. Y.
[Organized under law o f 1909.
Officers
P residen t......... ........ .........
S ecretary ...........................
T reasure...........................
A tto rn e y ...........................
Commenced business 1920]
Names
W A L T E R N. K E L L Y ....................
GILM AN P . T IF F A N Y ..............
GEORGE B. W IL K IN S O N ------JOHN A . K O S IN S K I...................
Post-office addresses
191 V room an Avenue.
15 E. M ain Street.
32 M cClellan Avenue.
13 Jam es Street.
A SSE TS
Loans on shares ................................. .................................................
Stocks and b o n d s ................................................................................
Cash on hand and in b a n k ................................................................
$125 00
3, 252 74
128 01
$3,505 75
L IA B IL IT IE S
Due shareholders, dues ......................................................................
Due shareholders, dividends credited.............................
Undivided profits ...............................................................................
A d v ertisin g .............................................................................................
$3, 432
16
50
6
00
97
7b
00
$3,505 75
R E C E IPTS
Dues credited to members ........ ..................................................... ..
Pees r e c e iv e d ........................................................................................
Interest r e ce iv e d ...................................................................................
$3, 563 00
132 20
41 26
$3,736 46
D ISB U R SE M E N T S
Loaned on shares ...............................................................................
Dues repaid on withdrawal, or applied on loans........ .............
Paid advertising, printing and postage........................................
Paid banking department, examination.......................................
Officers’ bonds .....................................................................................
Liberty loan bonds .............................................................................
Sundries . ..............................................................................................
Cash on hand December 31, 1920..........
$125
131
65
13
10
3, 252
10
128
00
00
24
48
00
74
99
01
$3,736 46
Plan, permanent. Par value of shares, $100. Instalments are 20 cents
weekly.
Shares in force January 1, 1920, none; shares issued during the year, 669;
shares withdrawn during the year, 45; shares in force, 624. Borrowing
members, 1, holding 25 shares; non-borrowing members, 61, holding 599
shares. Female shareholders, 11, holding 85 shares. Total dividends credited
members during the year on instalment shares, $16.97; rate, 5 per cent.
No unpaid withdrawals. Entrance fee, 20 cents per share. Operating
expenses, as defined in section 390 of the Banking Law, incurred and paid
during the year, $86.23. Operating expenses, as defined in section 390 of the
Banking Law, incurred during the year and remaining unpaid, $6.00.
No premium plan. Interest paid by borrowing members, 6 per cent. No
premium charged.
Loans to be made in Montgomery county, New York State. No loans •
outstanding.
N
assau
191
County
NASSAU COUNTY
HEMPSTEAD CO-OPERATIVE BUILDING AND LOAN ASSOCIATION
No. 55 Main street, Hempstead, N. Y.
[Organized under Law; o f 1851.
Officers
P re s id e n t....................
S e c r e t a r y ...................
T r e a s u r e r ................
..................
Commenced business 1889]
Names
Post-office addresses
S. ALONZO S M IT H .......................................
GEORGE H. B A U K N E Y ..............................
CLINTON W . L U D LU M ...........................
A D R IA N H . CO U R TEN A Y.........................
Hempstead,
Hempstead,
Hempstead,
Hempstead,
N.
N.
N.
N.
Y.
Y.
Y.
Y.
A SSE TS
Loans on bond and m ortgage............................................................
Loans on shares ..._............................................................................
Stocks and bonds................................................................................
Cash on hand and in bank................................... ; ............................
$308,640
4,550
4,800
5,582
00
00
00
93
$323,572 93
L IA B IL IT IE S
Due shareholders, dues......................................................................
Due shareholders, dividends credited.............................................
Undivided profits ............................... ...............................................
Guaranty fund .....................................................................................
$259,763
49,342
6,822
7,644
00
65
84
44
$323,572 93
R E C E IP T S
Cash on hand January 1, 1920..........................................................
Dues credited to members....................................................................
Money b o r r o w e d .............................................................................. ....
Mortgages redeemed, foreclosed or transferred to real estate.
Loans on shares repaid..............
Fees received .......................................................................................
Fines received .....................................................................................
Interest r e ce iv e d ........ .................
Premium received ...................................................
Dividends retained on withdrawals...............................................
Income shares ......................................................................................
$7,779
69,333
27,900
29,000
6,075
318
424
15,216
319
408
400
67
40
00
00
00
50
01
76
90
75
00
$157,175 99
DISBURSEMENTS
Loaned on m ortgage......... .................................................................
Loaned on shares .................................................................................
Dues repaid on withdrawal, or applied on loan#...........................
Dividends paid on withdrawal, or applied on loans............ . ..
Cash dividends paid on income and accumulative prepaid
shares ........................
Paid borrowed money and prior mortgages.................................
Paid interest on borrowed money and prior m ortgages............
Paid salaries and clerk-hire........ .............................
Paid advertising, printing and postage................
Paid rent ............................
Paid banking department, examination.......................................
Paid banking department, assessment..............................
Officers’ bonds .......................................................................................
Income shares .......................................................................................
$64,000
1,400
30,585
12,235
00
00
40
61
138
39,900
742
932
186
100
40
10
5
1,300
00
00
39
50
68
00
15
33
00
00
192
R epoet on Savings and L oan A ssociations
State League dues ...............................................................................
Janitor .................................................................................................
Cash on hand December 31, 1920 ......................................................
$7 00
10 OP
5,582 93
$157,175 99
Plan, serial. Par value of shares, $200 and $240. Instalments are $1
monthly.
Shares in force January 1, 1920, 3,970; shares issued during the year, 2,654;
shares withdrawn during the year, 437; shares in force, 6,187. Borrowing
members, 170, holding 1,537 shares; non-borrowing members, 578, holding
4,650 shares. Female shareholders, 326, holding 2,367 shares. Total divi
dends credited members during the year on instalment shares, $14,073.56;
rate, 5% per cent. Total dividends credited or paid in cash to members
during the year on other shares, $138; rate, 4 per cent.
No unpaid withdrawals. Membership fee, $1. Operating expenses, as
defined in section 390 of the Banking Law, incurred and paid during the
year, $1,251.51.
Premium plan, instalment. Interest paid by borrowing members, 5 per
cent, and 6 per cent. Premium paid by borrowing members, 1 per cent.
Loans have been made in Nassau county, New York State. Largest m ort
gage loan outstanding, $4,600. Mortgages in force in New York State,
$308,640. No foreclosures during the year.
NORTH HEMPSTEAD SAVINGS AND LOAN ASSOCIATION
No. 79 Main street, Port Washington, N. Y.
[Organized under Law o f 1914.
Officers
P residen t.....................
S ecretary....................
T rea su rer..................
A tto rn e y ....................
Commenced business 1919]
Names
H EN RY B. T IB B IT S ____
W A L T E R C. S M IT H .........
D A N IE L M. CROUCHER
ALISO N C. W YSO N G ------
P ort
P o rt
P ort
P ort
Post-office addresses
W ashington, N. Y.
W ashington, N. Y.
W ashington, N. Y.
W ashington, N. Y.
A SSE TS
Loans on bond and m ortgage.........................
Cash on hand and in bank.............................
$15,100 00
2,565 25
$17,665 25
LIAB ILITIES
Due shareholders, dues ................................. ...................................
Balance to be paid borrowers on mortgage loans.........................
Undivided profits .................................................................................
$15,491 00
1,700 00
474 25
$17,665 25
R E C E IP T S
Cash on hand January 1, 1920..........................................................
Dues credited to members ..............................................................
Fees received ‘ .......................................................................................
Fines r e ce iv e d .......................................................................................
Interest received .................................................................................
Deposits to secure attorney’s fe e s ,..................................................
$1,745
13,614
33
99
652
110
00
00
00
97
75
40
$16,255 12
193
N assau C ounty
DISBURSEM ENTS
Loaned on mortgage............................. ...............................................
Dues repaid on withdrawal, or applied on loans.........................
Paid advertising, printing and postage.........................................
Paid banking department ................................................................
Paid attorney for title examinations.............................................
Cash on hand December 31, 1920...................................................
$12,000
1,135
435
9
110
2,565
00
00
27
20
40
25
$16,255 12
Plan, serial. Par value of shares, $200. Instalments are $1 monthly.
Shares in force January 1, 1920, 1,090; shares issued during the year, 356;
shares withdrawn during the year, 175; shares in force, 1,271. Borrowing
members, 4, holding 102 shares; non-borrowing members, 147, holding 1,169
shares. Female shareholders, 50, holding 299 shares.
No unpaid withdrawals. Membership fee, $1. Operating expenses, as de
fined in section 390 of the Banking Law, incurred and paid during the year,
$435.27.
No premium plan. Interest paid by borrowing members, 6 per cent. No
premium charged.
Loans have been made in Nassau county, New York State. Largest mort
gage loan outstanding, $5,850. Mortgages in force in New York State, $15,100.
No foreclosures during the year.
PORT WASHINGTON BUILDING AND LOAN ASSOCIATION OF QUEENS
COUNTY, N. Y .
No. 277 M ain street, P ort W ashington, N. Y.
1 Organized under Law of 1851.
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney......................
Commenced business 1891]
Names
GEORGE E. BAUER..........................
CHARLES E. HYDE.........................
ALFRED C. BAYLES......................
ALLEN PERCY BAXTER................
Poet-office addresses
Port Washington, N. Y.
Port Washington, N. Y.
Port Washington, N. Y.
Port Washington. N. Y.
ASSETS
Loans on bond and mortgage ..........................................................
Loans on shares ..................................................................................
Stocks and bon d s/................................................................................
Cash on hand and in bank .. ............................... ............................
Furniture and fixtures ......................................................................
Instalm ents due and unpaid.............................................
Interest, premium, fees and fines due and unpaid___
$237,
1,
1,
10,
700
170
000
872
341
00
00
00
05
15
|1,014 00
336 66
$251,083 20
LIABILITIES
Due shareholders, dues ......................................................................
Due shareholders, dividends c re d ite d .............................................
Balance to be paid borrowers on mortgage lo a n s .......................
Undivided profits ....................................
Guaranty fund .....................................................................................
Suspense account ................................................................................
$192, 332 00
42, 685 18
500 00
7, 21G 93
7, 931 40
417 69
$251,083 20
194
K eport on Sayings and Loan A ssociations
r e c e ip t s
Cash on hand January 1, 1920 ........................................................
Dues credited to members ............................... ................................
Money borrowed ..................................... . ........................................ .
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares r e p a id ...... ................................................................
Fees r e ce iv e d .........................................................................................
Fines re ce iv e d .......................................................................................
Interest received .................................................................................
Premium received ................................................................................
Dividends retained on withdrawals ..............................................
Suspense account .................................................................................
$14, 684
4 l'7 1 8
5,’ 000
20. 650
200
65
209
12,059
3, 297
261
20
17
00
00
00
00
00
09
94
90
30
11
$98,165 51
..................... - ..-
D ISB U R SE M E N T S
Loaned on mortgage ..................................... . ...................................
Loaned on shares ...................................................................... ..
Dues repaid on withdrawal, or applied on lo a n s .........................
Dividends paid on withdrawal, or applied on lo a n s ...................
Paid matured s h a r e s ..........................................................................
Paid borrowed money and prior mortgages ...............................
Paid interest on borrowed money and prior mortgages ..........
Paid salaries and clerk-hire ............................................................
Paid rent ...............................................................................................
Paid banking department, examination .......................................
Paid banking department, assessment ...........................................
State League dues ..............................................................................
Interest on suspense account.................................
Insurance ....................
Delegates’ expenses to con ven tion ....................................................
Supplies ................
Sundries ..................
Cash on hand December 31, 1920 . ; ...............................................
$58, 700
1, 050
5, 622
653
14, 359
5, 000
170
1, 317
150
32
7
7
20
38
66
76
23
10, 872
■
00
00
00
23
42
00
00
00
00
00
87
00
11
50
53
10
70
05
$98,165 51
Plan, serial. Par value of shares, $200. Instalments are $1 monthly.
Shares in force January 1, 1920, 2,968; shares issued during the year,
815; shares withdrawn during the year, 233; shares in force, 3,550. Bor
rowing members, 80, holding 870 shares; non-borrowing members, 310, hold
ing 2,680 shares. Female shareholders, 161, holding 1,384 shares. Total
dividends credited members during the year on instalment shares, $12,015.49; rate 6 per cent.
No unpaid withdrawals. Amount of shares matured during the year,
$14,359.42. Membership fee, $1. Operating expenses, as defined in section
390 of the Banking Law, incurred and paid during the year, $1,676.83.
Premium plan, premium-interest. Interest paid by borrowing members,
5 per cent. Premium paid by borrowing members, 35 cents per share monthly.
Loans have been made in Nassau county, New- York State. Largest m ort
gage loan outstanding, $8,000. Mortgages in force in New York State,
$237,700. No foreelosirres during the year.
ROCKVILLE CENTRE
SAVINGS AND LOAN ASSOCIATION
No. 76 Village avenue, Rockville Centre, N. Y.
[Organized under Law o f 1851.
Officers
President.. .
Secretary...
Treasurer. .
Attorneys...
Commenced business 1889]
Names
DEVILLO N. B U LSO N ...
ANDREW EDWARDS, J r.
NELLIE F. O’N EILL........
HOOLEY A W IL S O N ...
Post-office addresses
Rockville Centre, N. Y.
Rockville Centre, N. Y.
Rockville Centre, N. Y.
Rockville Centre, N. Y.
N assau
C ounty
195
ASSETS
Loans on bond and mortgage ..........................................................
Loans on shares ..................................................................................
Stocks and b o n d s ................................................................................
Cash on hand and in b a n k ................................................................
$48, 300
450
5, 600
914
00
00
00
72
$55,264 72
LIABILITIES
Due shareholders, dues ......................................................................
Due shareholders, dividends c re d ite d .............................................
Borrowed money ................................................................................
Undivided profits .................................................................................
Guaranty fund ............................................................ ........................
$37, 794 46
13, 966 72
1, 000 00
28 54
2, 475 00
$55,264 72
R E C E IP T S
Cash on hand January 1, 1920 ......................................................
Dues credited to members ................................................................
Money b o r r o w e d ..................................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares repaid ....................................................................
Fees received ........................................................................................
Interest received ................................................................................
Premium received ................................................................................
Liberty loan bonds ..............................................................................
$4,214 25
18, 228 56
4, 000 00
6, 200 00
675 00
9 00
2, 871 66
382 76
800 00
$37,381 23
DISBURSEMENTS
Loaned on mortgage ...........................................................................
Loaned on shares ................................................................................
Dues repaid on withdrawal, or applied on l o a n s .......................
Dividends paid on withdrawal, or applied on lo a n s ...................
Paid borrowed money and prior mortgages .................................
Paid interest on borrowed money and prior m ortg a g es..........
Paid salaries and clerk-hire ............................................................
Paid advertising, printing and p o s ta g e .........................................
Paid taxes, insurance, etc...................................................................
Paid banking department, examination .......................................
Paid banking department, assessment ...........................................
Cash on hand December 31, 1920 ....................................................
$23, 200
400
8, 318
1, 304
3, 000
22
150
11
41
16
2
914
00
00
39
98
00
00
00
00
60
18
36
72
$37, 381 23
Plan, permanent. Par value of shares, $200. Instalments are $1 monthly.
Shares in force January 1, 1920, 405; shares issued during the year, 199;
shares withdrawn during the year, 31; shares in force 573. Borrowing
members, 16, holding 253 shares; non-borrowing members, 32, holding 320
shares.
Female shareholders, 26, holding 321 shares.
Total dividends
credited members during the year on instalment shares, $2,607.30; rate
6 per cent. Total dividends credited or paid in cash to members jiuring the
year on other shares, $26.58; rate 6 per cent.
No unpaid withdrawals. Membership fee, $1. Operating expenses, as
defined in section 390 of the Banking Law, incurred and paid during the
year, $163.36.
Premium plan, instalment. Interest paid by borrowing members, 6 per
cent. Premium paid by borrowing members, 18 cents per share monthly.
Loans have been made in Nassau county, New York State. Largest mort
gage loan outstanding, $6,000. Mortgages in force in New Y ork State,
$48,300. N o foreclosures during the year.
196
R eport on Sayings and L oan A ssociations
N E W YORK COUNTY
AMERICAN CO-OPERATIVE SAVINGS AND LOAN AS
ASSOCIATION
No. 217 West 125th street, New York, N. Y.
[Organized underr Law o f 1887.
Attorney......................
Commenced business 1888.
Laws o f 1894]
MARTIN S. COHEN........................
R
Reorganized under
302 Broadway.
A SSE TS
Loans on bond and m o r tg a g e ............................................................
Loans on s h a r e s ....................................................................................
Stocks and bonds .................................................................................
Shares of Land Bank o f State of New Y o r k ...............................
Cash on hand and in b a n k ................................................................
Furniture. and fixtures ......................................................................
Loans to other associations ..............................................................
$66,114
2,775
1,300
1,000
5,020
41
1,000
53
00
00
00
65
05
00
$77,251 23
LIABILITIES
Due shareholders, dues ......................................................................
Due shareholders, dividends credited ...........................................
Borrowed m o n e y ...................................................................................
Advances by Land B a n k ....................................................................
Undivided profits .................................................................................
Guaranty fund .....................................................................................
Maturity dividend fund .....................................................................
$60,980
7, 544
1,500
1,500
2,905
2,585
235
99
20
00
00
53
00
51
$77,251 23
RECEIPTS
Cash on hand January 1, 1920 ........................................................
Dues credited to members ...........................................................
Money borrowed ...................................................................................
Mortgages redeemed, foreclosed or transferred to real estate. .
Loans on shares r e p a id .......................................................................
Interest received ...................................................................................
Advances repaid .................................................................................
Loans to other associations repaid .................................................
Sale of supplies ....................................................................................
$4,014 44
18,273 06
2,060 00
9,055 17
640 00
4,202 70
30 00
1,000 00
10 00
$39,285 37
DISBURSEMENTS
Loaned on mortgage ...........................................................................
Loaned on shares ........................................................................
Dues repaid on withdrawal, or applied on loans .......................
Dividends paid on withdrawal, or applied on loans........ ..........
Cash dividends paid on income and accumulative prepaid
shares ..................................................................................................
Paid matured shares .......................................
Paid borrowed money and prior m ortg a g es.................................
Paid interest on borrowed money and prior mortgages.............
Paid salaries and cle rk -h ire ..............................................................
$14,700
1,200
10,341
822
00
00
50
61
894
3,531
560
152
376
62
26
00
52
67
197
N ew Y ork County
■Paid advertising, printing and postage.........................................
Paid rent ...............................................................................................
Paid banking department, examination .......................................
Paid banking department, assessm ent................................................
Officers’ bonds .......................................................................................
State League dues and delegates’ expen ses...................................
Loans to other associations ..............................................................
Land Bank advances r e p a id ................
Moving expenses ..................................................................................
Office expenses .......................................................................................
Cash on hand December 31, 1920 ....................................................
$47 75
115 01
26 35
321
8 00
51 00
1,000 00
300 00
96 50
37 72
5,020 65
$39,285 37
Plan, permanent. Par value of shares, $200. Instalments are $1 monthly.
Shares in force January 1, 1920, 1,536; shares issued during the year, 379;
shares withdrawn during the year, 153; shares in force, 1,762. Borrowing
members, 31, holding 263 shares; non-borrowing members, 185, holding 1,499
shares. Total dividends credited members during the year on instalment
shares, $1,847.41; rate, 5 per cent. Total dividends credited or paid in
cash to members during the year on other shares, $994.69; rate, 5 per cent.
No unpaid withdrawals. Amount of shares matured during the year,
$3,437.25. Operating expenses, as defined in section 390 of the Banking Latv,
incurred and paid during the year, $732.65.
No premium plan. Interest paid by borrowing members. 6 per cent. No
premium charged.
Loans have been made in Bronx, Queens, Kings, Richmond, and Westchester
counties, New York State, and ini New Jersey. Largest mortgage loan out
standing, $5,485.09. Mortgages in force in New York State, $48,263.74. No
foreclosures during the year.
BAN K CLERKS’ CO-OPERATIVE BUILDING AND LOAN ASSOCIATION
OP N E W YORK CITY
No. 60 Beaver street, New York, N. Y.
{Organized under Law o f 1851.
Officers
President.....................
Financial Secretary..
Treasurer...................
Attorneys....................
Commenced business 1890]
Names
WILLIAM J. NEVIUS...............
CHARLES S. GAUBERT..........
WILLIAM H. JUDSON..............
TA YL O R & R O B E R T S ................
Post-office addresses
South Orange, N. J.
Box 25, Sta. W, Brooklyn.
60 Beaver Street.
56 Pine Street.
ASSETS
Loans on bond and m o rtg a g e ...........................
Loans on shares ..................................................
Stocks and bonds ...............................................
Shares of Land Bank of State of New York
Contracts for the sale o f real e s t a t e .............
Cash on hand and in b a n k ...............................
Advances for taxes, insurance, etc....................
Interest accrued ..................................................
$1,319,200
88,832
92,600
6,000
4,209
12,825
2,098
8,644
00
00
00
00
99
95
13
39
$1,534,410 46
LIABILITIES
Due shareholders, dues ....................................................................... $1,079,107 00
Due shareholders, dividends credited ...........................................
201,691 23
Due shareholders, matured shares ..................................................
104,600 00
Balance to be paid borrowers on mortgage lo a n s .......................
23, 670 00
198
R epoet on Savings and L oan A ssociations
Borrowed money .................................................................................
Undivided profits .................................................................................
Guaranty fund .....................................................................................
Suspense account ....................
Advance payments ...............................................................................
Deposits to secure l o a n s .....................................................................
$75,000
8,795
40,000
1,159
247
160
00
22
00
90
00
05
$1,534,410 46
RECEIPTS
Gash on hand January 1, 1920 ..................................................... .
Dues credited to members ................................................................
Money borrowed ...................................................................................
Mortgages redeemed, foreclosed or transferred to real e sta te ..
Loans on shares r e p a id ......................
Fines received .......................................................................................
Interest received ...................................................................................
Dividends retained on withdrawals ...................................
Advances repaid ..................................
Advance payments ...............................................................................
Deposits to secure loans ....................................................................
Real estate contracts ..........................................................................
Suspense account ..................
$22,687
327,939
210,000
129,887
58,679
412
83,259
2,705
531
286
2,249
314
1,116
79
00
00
99
00
2S
61
66
13
50
39
53
23
$840,069 11
DISBURSEMENTS
Loaned on mortgage . : ......................................................................
Loaned on shares .................................................................................
Dues repaid on withdrawal, or applied on lo a n s .........................
Dividends paid on withdrawal, or applied onloans ...................
Cash dividends paid on income and accumulative prepaid
shares .................................................................................................
Paid matured shares ..........................................................................
Paid borrowed money and prior mortgages .................................
Paid interest on borrowed money and prior m o rtg a g e s.............
Paid salaries and cle rk -h ire ..............................................................
Paid advertising, printing and p o s ta g e ..........................................
Paid banking department, ex am in a tion ..........................................
Paid banking department, assessment ..........................................
Officers’ bonds ..................................................................................
Advances for taxes, insurance, etc...................
Metropolitan and State League d u e s ..............................................
Advance payments a p p lie d ................................................................
Deposits to secure loans, repaid ......................................................
Directors’ fees ......................................................................................
Delegates’ expenses to State League convention .........................
Interest rebated ...................................................................................
Auditors ....................
Tax on bills p a y a b le .............................................................................
General expenses .................................................................................
Susnense account .................................................................................
Cash on hand December 31, 1920 ......................................... ..
$185,990 00
67,274*00
154,768 00
23,320 89
5,041
115,000
260,000
4,169
5,335
1,173
112
48
87
81
53
191
2,488
1,690
60
53
90
42
86
86
12. 825
25
00
00
9S
00
76
50
06
00
19
00
68
45
00
68
02
00
00
32
38
95
$840,069 11
Plan, serial. Par value of shares, $200. Instalments are $1 monthly.
Shares in force January 1, 1920, 23,160; shares issued during the year,
11,886; shares withdrawn during the year, 5,354; shares in force, 29,622.
Borrowing members, 327, holding 6,353 shares; non-borrowing member's,
. 3,052, holding 23,339 shares. Female shareholders, 1,161, holding 8,935 shares.
N ew
Y ork
199
County
Total dividends credited members during the year on instalment shares,
$62,723.37; rate, 5% per cent. Total dividends credited or paid in cash to
members during the year on other shares, $5,041.25; rate, 5 per cent.
No unpaid withdrawals. Amount of shares matured during the year,
$115,000. Operating expenses, as defined in section 390 of the Banking Law,
incurred and paid during the year, $8,617-76.
No premium plan. Interest paid by borrowing members, 6 per cent. No
premium charged.
Loans have been made in New York, Kings, Queens, Richmond, Bronx,
Westchester, Nassau, Rockland and Suffolk counties, New York State, and
in New Jersey and Connecticut. Largest mortgage loan outstanding, $12,500.
Mortgages in force in New York State, $613,850. No foreclosures during
the year.
BANKERS’ LOAN AND INVESTM ENT COMPANY
No. 61 W illiam street, New York, N. Y.
[Organized under Law o f 1851.
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................
Commenced business 1890]
Names
CLARENCE W. CLARK.........
JOHN C. TEN EYCK.............
ALBERT B. VOORH1S...........
JOHN C. TEN EYCK...............
61
61
61
61
Post-office addresses
William Street.
William Street.
William Street.
William Street.
ASSETS
Loans on bond and m o rtg a g e ............................................................
Loans on shares ...................................................................................
Stocks and bonds ................................................................................
Shares of Land Bank of State of New Y ork ...............................
Contracts for the sale of real estate.............................................
Real estate ............................................................................................
Cash on hand and in bank ..............................................................
Furniture and fixtures ....................................................................
Interest, premium, fees and fines due and unpaid.......................
Advances for taxes, insurance, e tc .................................................
Agents’ collections, etc........................................................................
Suspense account .................................................................................
Loans to Liberty loan subscribers ..................................................
Su n dries..................................................................................................
$569, 133
5, 711
66,112
1,000
407
494, 248
49, 568
4,434
9,791
2,026
106
399
632
8
66
00
50
00
34
20
55
73
32
22
52
38
21
56
$1, 203, 580 25
LIAB ILITIES
Due shareholders, dues ....................................................................
Due shareholders, dividends credited............................................
Balance to be paid borrowers onmortgage loans..........................
Prior m ortg ag es...................................................................................
Borrowed money ...................................................................................
Undivided profits ................................................................................
Guaranty fund .....................................................................................
Interest payable ...................................................................................
Balance due subscribers, Liberty loan............................... ....
Insurance reserve ........................................... ...................................
Reserve for taxes .................................................................................
Outstanding account ..........................................................................
$931,597
35,734
16,100
90, 850
22, 500
67, 202
16, 374
1,048
1,865
18, 631
172
1, 503
33
41
00
00
00
55
54
67
56
71
10
38
$1,203,580 25
200
R eport on Savings and L oan A ssociations
r e c e ip t s
Cash on hand January 1, 1920........................................................
Dues credited to members .............................................................. .
Prior mortgages ...................................................................................
Money borrowed ...................................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares repaid ....................................................................
Real estate sold .................................................................................
Fees received .......................................................................................
Fines received ....................
Interest received .................................................................................
Premium re ce iv e d ................................................................................
Rent receiv ed .........................................................................................
Dividends retained on withdrawals ..............................................
Advances repaid .................................................................................
Real estate contracts .........................................................................
Demand loans .......................................................................................
Insurance reserve
...................................................................
Suspense account ............................................................................
Agents’ collections, e t c . . . ....................................................................
Liberty loan bond account, New York TrustCompany.................
Bonds for investment, New York TrustC om p a n y .............................
Liberty loan bonds for subscribers.....................................................
Liberty loan adjustment account..........................................................
Liberty loan club plan ......................... ; ...........................................
Loans to Liberty loan club members................................................
Petty cash . . .....................................................................................
Special a c c o u n t.....................................................................................
Land Bank shares ...............................................................................
Expense repaid .....................................................................................
Expense on real estaterepaid............................................................
Attorney’s fees ...................................................................................
Adjustment on shares .......................................................................
D ividend s................................................................................................
Profit and loss ............
$52,225 89
235,075 33
48, 550 00
8,000 00
141,503 42
11,578 00
40, 579 43
1,007 10
168 00
16,571 23
20, 563 77
44, 873 52
193 34
3, 621 21
36, 265 34
150,000 00
1,513 12
>60, 744 16
17,059 31
33,95000
5,45000
69,85000
4,00635
54 23
37 73
116 30
2, 700 00
2, 000 00
4,687 35
1,666 78
1, 954 46
1, 130 04
220 33
41,218 13
$1,059,133 87
DISBURSEMENTS
Loaned on mortgage ...........................................................................
Loaned on shares ...............................................................................
Dues repaid on withdrawal, or applied on loans......................... ..
Dividends paid on withdrawal, or applied on loans...................
Cash dividends paid on income and accumulative prepaid
s h a r e s .......................................................................................
Paid matured shares ........................................................................
Paid borrowed money and prior mortgages ...............................
Paid interest on borrowed money and prior mortgages..........
Paid for real e s t a t e .............................................................................
Paid salaries and clerk-hire ............................................................
Paid advertising, printing and postage .......................................
Paid r e n t ...............................................................................................
Paid repairs to real estate ..............................................................
Paid taxes, insurance, e tc ................................................................
Taxes, insurance, etc., advanced........................................................
Paid banking department, examination.........................................
Paid banking department, assessment............................................
Demand loans .....................................................................................
Real estate ...........................................................................................
Real estate contracts ........................................... ............................
Suspense account ...............................................................................
Agent’s collections, e tc......................................................................
$27S,
8,
165,
5,
122
854
604
435
39
00
46
84
30,404
3, 000
15, 000
6. 953
6, 732
14,961
4, 228
2, 375
15, 497
13, 167
3,391
221
36
150,000
21,706
30, 930
60,426
15,728
76
00
00
84
23
71
15
00
61
04
57
93
25
00
23
00
01
59
Y ew
Y ork
C ounty'
201
Profit and loss .....................................................................................
Liberty loan bond account, New York Trust Company.............
Bonds for investment, New York Trust Company.......................
Liberty loan bonds subscription .....................................................
Liberty loan bond adjustment account.........................................
Petty cash .............................................................................................
S u n dries..................................................................................................
Legal expenses, commissiones, etc..................................................
Cash on hand December 31, 1920......................................................
$9,067
33,950
60,500
34, 350
3,425
105
6, 214
9, 175
49,568
42
00
00
00
23
00
40
66
55
$1,059,133 87
Plan, permanent. Par value of shares, $100. Instalments are 25 cents,
40 cents, 50 cents, 70 cents and $1 monthly.
Shares in force January 1, 1920, 54,546; shares issued during the year,
17,771; shares withdrawn during the year, 13,695; shares in force, 59,622.
Borrowing members, 120, holding 3,998 shares; non-borrowing members,
1,875, holding 55,624 shares. Female shareholders, 900, holding 27,000 shares.
Total dividends credited members during the year on instalment shares,
$5,792.86; rate. 6 per cent. Total dividends credited or paid in cash to
members during the year on other shares, $34,797.76; rate 5 per cent., 5y2
per cent, and 6 per cent.
No unpaid withdrawals. Amount of shares matured during the year,
$3,000. Entrance fee, 25 cents per share. Operating expenses, as defined in
section 390 of the Banking Law, incurred and paid during the year, $22,400.71.
Premium plan, instalment. Interest paid by borrowing members, 6 per
cent. Premium paid by borrowing members, 10 cents per share per month.
Loans have been made in Bronx, Kings, Orange, Queens, Rockland and
Westchester counties, New York Largest mortgage loan outstanding, $28,000.
Mortgages in force in New York State, $432,691.32. No foreclosures during
the year.
CALIFORNIA PERFUME COMPANY EMPLOYEES’ SAVINGS AND LOAN
ASSOCIATION
No. 31 Park place, New Y ork, N. Y .
[Organized under Law o f 1914.
Officers
President....................
Secretary....................
T reasurer..................
Commenced business 1915]
Names
Post-office addresses
A. D. H E N D E R SO N ......................................
W. J. A L L E Y .................................................
WM. S O H E E L E ..............................................
31
31
31
Park Place.
Park Place.
Park Place.
A SSE TS
Loans on bond and m ortgage.......................
Stocks and bonds .............................................
Cash on hand and in bank ...........................
Interest on mortgage due and u n p a id ........
$12,900
9,461
458
37
00
75
74
50
$22,857 99
LIABILITIES
Due shareholders, dues ....................................................................
Due shareholders, dividends credited ..........................................
Undivided p r o fit s .................................................................................
Guaranty fund .....................................................................................
$19, 476
2.231
979
177
00
69
10
20
$22,857 99
202
R eport
on
S a v in g s
and
L oan
A s s o c ia t io n s
RECEIPTS
Cash on hand January 1, 1920 ......................................................
Dues credited to members ................................................................
Money borrowed ...................................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Fines receiv ed ........................................................................................
Interest r e ce iv e d ...................................................................................
Dividends retained on withdrawals ................................................
Liberty bonds and United States treasury ce rtifica te s.............
$633
10, 844
2,600
2, 000
12
1, 046
20
3, 592
31
00
00
00
08
55
66
08
$20, 748 68
D ISB U R SE M E N T S
Loaned on mortgage ...........................................................................
Dues repaid on withdrawal, or applied on loans.......................
Dividends paid on withdrawal, or applied on loans...................
Paid borrowed money and prior mortgages .................................
Paid interest on borrowed money and prior m o rtg a g e s..........
Paid advertising, printing and postage.......................................
Paid rent of safe deposit b ox ............................................................
Paid banking department, examination .......................................
Paid banking department, assessment .........................................
Liberty loan bonds and United States treasury certificates...
Exchange on foreign c h e c k s ..............................................................
Cash on hand December 31, 1920....................................................
$5, 000
3,951
374
7, 200
50
21
5
13
1
3,604
69
458
00
00
11
00
90
10
00
00
63
08
12
74
$20,748 68
Plan, serial. Par value of shares,. $100. Instalments are $1 monthly.
Shares in force January 1, 1920, 363; shares issued during the year, 819;
shares withdrawn during the year, 276; shares in force, 906. Borrowing
members, 2, holding 40 shares; non-borrowing members, 93, holding 866
shares.
Female shareholders, 54, holding 423 shares.
Total dividends
credited members during the year on instalment shares, $960.35; rate, 6
per cent.
No unpaid withdrawals. Operating expenses, as defined in section 390 of
the Banking Law, incurred and paid during the year, $96.85.
Premium plan, premium-interest. Interest paid by borrowing members,
6 per cent. No premium charged.
Loans have been made in New York and Rockland, New York State and
in New Jersey. Largest mortgage loan outstanding, $5,000. Mortgages in
force in New York State, $12,900. N o foreclosures during the year.
CITIZENS’ SAVING AND LOAN ASSOCIATION OF N E W
YORE CITY
N o. 215 W est 125th street, New Y ork, N. Y .
[Organized under Law o f 1851.
Officers
President....................
Secretary.....................
Treasurer...................
Attorney................... ..
Commenced business 1889]
Names
WILMORE ANWAY...........................
ARCHIBALD W. McEW AN.............
GUSTAVUS REHAHN......................
WILMORE ANWAY...........................
Post-office addresses
141 Broadway.
2161 Bathgate Avenue.
Bankers Trust Co.
141 Broadway.
ASSETS
Loans on bond and mortgage............................................................
Loans on s h a r e s ...................................................................................
Stocks and bonds.................................................................................
$60,976 38
3,015 00
200 00
N ew
Y ork
C ounty
Real estate ...........................................................................................
Cash on hand and in bank................................................................
Furniture and fixtures ................................. .....................................
203
$2,062 89
2,393 03
300 00
$68,947 30
LIABILITIES
Hue shareholders, dues ....................................................................
Due shareholders, dividends credited..............................................
Borrowed m o n e y ...................................................................................
Undivided profits .................................................................................
Guaranty fund .....................................................
Liberty bond instalment ..................................................................
$58,944
4,800
1,000
1,590
2,609
3
14
72
00
44
00
00
$68,947 30
RECEIPTS
Cash on hand January 1, 1920 ........................................................
Dues credited to members..................................................................
Money borrowed ...................................................................................
Mortgages redeemed, foreclosed or transferred to real estate.
Loans on shares repaid......................................................................
Interest received .................................................................................
Premium r e ce iv e d .................................................................................
Rent received .......................................................................................
$4, 981 16
20,606 64
3,000 00
13,000 00
1,400 00
3,894 30
303 50
115 01
$47,300 61
DISBURSEMENTS
Loaned on mortgage.............................................................................
Loaned on shares ...............................................................................
Dues repaid on withdrawal, or applied on loans.........................
Dividends paid on withdrawal, or applied on loans...................
Cash dividends paid on income and accumulative prepaid
shares .................................................................................................
Paid borrowed money and prior mortgages.................................
Paid interest on borrowed money and prior mortgages............
Paid salaries and clerk-hire............................................................
Paid advertising, printing and postage.........................................
Paid rent ........................................................................................... ..
Paid taxes, insurance, etc................................................................
Paid banking department, examination.........................................
Paid banking department, assessment...........................................
Officers’ bonds ......................................................................................
State League dues ..............................................................................
Liberty bond instalment paid............................................................
Office expenses .....................................................................................
Cash on hand December 31, 1920......................................................
$18,750
2,815
17,198
715
00
00
42
93
1,336
3,000
59
490
158
212
33
26
3
16
11
6
76
2,393
31
00
17
00
06
00
81
35
08
00
00
00
45
03
$47,300 61
Plan, permanent. Par value of shares, $250. Instalments are 50 cents
weekly.
Shares in force January 1, 1920, 706; shares issued during the year, 256;
shares withdrawn during the year, 126; shares in force, 836. Borrowing
members, 32, holding 340 shares; non-borrowing members, 192, holding 596
shares. Total dividends credited members during the year on instalment
shares, $1,163.61; rate, 4% per cent. Total dividends credited or paid in
204
R epoet
on
S a v in g s
L oan
and
A s s o c ia t io n s
cash to members during the year on other shares, $1,336.61; rate 4 % per
cent.
No unpaid withdrawals. Operating expenses, as defined in section 390 of
the Banking Law, incurred and paid during the year, $848.50.
No premium plan. Interest paid by borrowing members, 6 per cent. No
premium charged.
Loans have been made in New York, Kings, Queens, Westchester and Rock
land counties, New York State, and in New Jersey. Largest mortgage loan
outstanding, $5,000. Mortgages in force in New York State, $30,626. No
foreclosures during the year.
C ITY AND STA TE EMPLOYEES SAVINGS AN D LOAN ASSOCIATION
OF THE CITY OF N E W YORK
Municipal Building, New York, N. Y.
[Organized under L aw o f 1914.
Officers
P resid en t....................
S ecretary ....................
Treasurer ...............
Commenced business 1920]
Names
Post-office addresses
P R A N K MANN ..................... M unicipal B ldg., New York.
E D W A R D J. B Y R N E ............ 172 W . 82d Street, New York.
C H ARLES S. R A T H B IT N .. 24 3-88 th Street, Brooklyn.
A SSE TS
Cash on hand and in bank................................................................
Stationery, books, supplies, etc...................................................
$2,557 70
175 00
$2,732 70
L IA B IL IT IE S
Dues shareholders, d u e s .......................................
Undivided profits .................................................................................
Printing .................................................................................................
$2,462 50
75 70
194 50
$2,732 70
R E C E IP T S
Dues credited to members......................... ........................................
$2,770 40
DISBURSEM ENTS
Dues repaid on withdrawal, or applied on loans.........................
Cash on hand December 31, 1920....................................................
$212 70
2,557 70
$2,770 40
Plan, permanent. Par value of shares, $100. Instalments are 50 cents
monthly.
Shares in force .January 1, 1920, none; shares issued during the year, 949;
shares withdrawn during the year, 147; shares in force, 802. Borrowing
members, none; non-borrowing members, 67, holding 802 shares. Female
shareholders, 18, holding 220 shares.
No unpaid withdrawals. Entrance fee, 10 cents per share. Operating ex
penses, as defined in section 390 of the Banking Law, incurred during the
year and remaining unpaid, $194.50.
N o premium plan. No loans have been made.
N ew
Y ork
205
C ounty
TH E CO-OPERATIVE BUILDING BAN K
Nos. 23 and 25 East Twenty-sixth street, New York, N. Y.
[Organized under Law o f 1851.
Officers
President.....................
Secretary.....................
Treasurer...................
Attorneys.....................
Commenced business 1880]
Names
HANSON CAYGILL...............
ROBERT B. WALDO...............
CHARLES L. HEINS.............
MACKELLAR & GERBRACHT
Post-office addresses
104 John Street.
23 and 25 East 26th Street.
Glen Ridge, N. J.
43 Cedar Street.
ASSETS
Loans on bond and mortgage
......................................................
Loans on shares .........................................
Shares of Land Bank of State of New York ...............................
Contracts for the sale of real e s t a t e ...............................................
Real estate ...........................................................................................
Cash on hand and in b a n k ................................................................
Furniture and fixtures ......................................................................
Advances for taxes, insurance, etc...................................................
Individual accounts ...........................................................................
Profit and loss ............................... .....................................................
$5, 600
2, 215
1, 000
2, 645
63, 490
989
100
1
622
16,695
00
00
00
33
00
55
00
87
57
39
$93,359 71
LIABILITIES
Due shareholders, dues .....................................................................
Due shareholders, dividends c r e d ite d .............................................
Due shareholders, matured shares .................................................
$45, 793 88
16, 222 43
31, 343 40
$93,359 71
RECEIPTS
Cash on hand January 1, 1920 ......................................................
Real estate sold ...................................................................................
Fines received .......................................................................................
Interest received ................................................................................
Premium r e ce iv e d ................................................................................
Rent received .......................................................................................
Profit on real estate s o l d ..................................................................
Real estate c o n tra cts..........................................................................
Office rent a c c o u n t..................................... .........................................
--------
$1,270
1, 900
9
450
92
599
80
1, 668
185
41
00
89
71
52
40
00
91
00
$6,256 84
D ISB U R SEM E N TS
Loaned on mortgage ..........................................................................
Dues repaid on withdrawal, or applied on lo a n s ....................
Dividends paid on withdrawal, or applied on lo a n s ....................
Paid, salaries and clerk-hire .............................................................
Paid advertising, printing and postage .......................................
Paid rent ...............................................................................................
Paid repairs to real e s t a t e ........ .......................................................
Paid taxes, insurance, etc...................................................................
Paid banking department, examination .......................................
Paid banking department, assessm ent...........................................
Legal expenses ..................................................
Sundry exp en ses...................................................................................
Real estate c o n tra cts ..........................................................................
Real estate expenses ...........................................................................
Individual a c c o u n ts ......................
Cash on hand December 31, 1290 . . . . . . . . . . . . . . . . . . . . . . . . . .
$1, 000 00
144 09
28 37
1, 222 50
5378
1.181 69
214 76
258 81
33 75
3 97
290 20
61 15
58 65
93 00
622 57
989 55
$6,256 84
206
R eport
oh
S a v in g s
L oan
and
A s s o c ia t io n s
Plan, permanent. Par value of shares, $100. Instalments are 12 cents
weekly and 10, 20, 25, 50, 75 cents and $1 monthly.
Shares in force January 1, 1020, 2,801; shares issued during the year,
none; shares withdrawn during the year, none; shares in force, 2,801. Bor
rowing members, 16, holding 143 shares; non-borrowing members, 293, hold
ing 2,658 shares. Female shareholders, 90, holding 571 shares. Amount of
filed and unpaid withdrawals December 31, 1920, $22,080.27. Membership
fee, $1.00. Entrance fee 25 cents per share. Operating expenses, as defined
in section 390 of the Banking Law, incurred and paid during the year,
$2,334.12.
Premium plan, premium-interest. Interest paid by borrowing members,
5 1/5 per cent, and 6 per cent. Premium paid by borrowing members, 1 8/10
per cent.
Loans have been made in Albany, Erie, Westchester, Orange and Ulster
counties, New York State, and in Connecticut and Rhode Island. Largest
mortgage loan outstanding, $2,800. Mortgages in force in New York State,
$5,600. One foreclosure during the year.
CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION OF N E W YORK
No. 14 Bible House, New York, N. Y.
[Organized under Law of 1851.
Officers
President............. ..
A ssistant Secretary.
T reasurer....................
A tto rn e y s....................
Commenced business 1888]
Names
Post-office addresses
GEORGE E. L A N G E ...................................
M. R. K E E F E ................................................
W IL L IA M L. D A N IE L S ............................
A U STIN & M cK O W N ..................................
14
14
2
14
Bible House.
Bible House.
W est 45th Street.
Bible House.
A SSE TS
Loans on bond and mortgage ..........................................................
Loans on s h a r e s ...................................................................................
Stocks and bonds ...............................................................................
Shares of Land Bank of State of New Y o r k ...............................
Casli on hand and in b a n k ................................................................
Furniture and fixtures ......................................................................
$150, 950
1, 578
7, 925
10, 000
1, 844
1
00
26
20
00
85
00
$172,299 31
LIABILITIES
Due shareholders, dues .......................................................................
Borrowed money .................................................................................
Advances by Land B a n k .......... .........................................................
Undivided p r o fit s .................................................................................
Guaranty fund .....................................................................................
Interest due Land B a n k ....................................................................
Suspense account .................................................................................
$127,399
2, 000
30, 000
6, 203
6, 500
110
86
32
00
00
33
00
00
66
$172,299 31
RECEIPTS
Cash on hand January 1, 1920 .....................................................
Dues credited to members ................................................................
Money b o r r o w e d .......... ........................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares r e p a id ......................................................................
Fees received .......................................................................................
Interest received ..................................................................................
$11,594
32, 747
11. 500
7.660
233
2
9, 344
55
73
00
00
00
00
19
N ew
Y ork
County
Premium received ................................................................................
Suspense a c c o u n t ................................................................................
Dividend, Land Bank ................................................................... . .
Appraisal and examination charges ..............................................
207
$5 16
75
400 00
478 50
$73,965 88
DISBURSEMENTS
Loaned on mortgage ..........................................................................
$22, 500 00
Loaned on shares ................................................................................
888 26
Dues repaid on withdrawal, or applied on loans .......................
15, 500 32
Dividends paid on withdrawal, or applied on loans . . . ^..............
1,58692
Cash dividends paid on income and accumulative prepaid
shares ..................................................................................
Paid borrowed money and prior mortgages .................................
16, 500 00
Paid interest on borrowed money and prior mortgages. . . . . .
1, 739 68
Paid salaries and clerk-hire ..................................................................
1,10000
I l l 07
Paid advertising, printing and postage .......................................
Paid rent ...............................................................................................
700 04
Paid banking department, ex am in a tion .........................................
26 25
6 08
Paid banking department, assessment ..........................................
Officers’ bonds .......................................................................................
23 50
Metropolitan and State League d u e s .............................................
12 00
Liberty loan b o n d s ..............................................................................
6. 707 20
212 30
Appraisal and examination charges .............................................
Directors’ fees ......................................................................................
300 00
Delegates’ expenses to State League con v en tion .........................
25 00
Auditors .................................................................................................
49 25
Sundries .................................................................................................
10 33
1,844 85
Cash on hand December 31, 1920 ...................................................
$73,965 88
Plan, permanent. Par value of shares $100. Instalments are 10 cents
Aveekly and 431/? cents monthly.
Shares in force January 1, 1920, 4,226; shares issued during the year,
6S0; shares withdrawn during the year, 540; shares in force, 4,366. Bor
rowing members, 36, holding 1,549 shares: non-borrowing members, 230,
holding 2,817 shares. Female shareholders, 125, holding 1,989 shares. Total
dividends credited members during the year on instalment shares, $1,551.78;
rate 5 per cent. Total dividends credited or paid in cash to members during
the year on other shares, $4,157.97; rate 4 per cent, and 5 per cent.
No unpaid withdrawals. Entrance fee, $1 on instalment shares only.
Operating expenses, as defined in section 390 of the Banking Law, incurred
and paid during the year, $2,331.19.
Premium plan, instalment. Interest paid by borrowing members, 6 per
cent. No premium charged.
Loans have been made in New York, Kings, Queens, Richmond, West
chester and Bronx counties, New York State, and in New Jersey. Largest
mortgage loan outstanding, $20,900. Mortgages in force in New York State,
$130,050. One foreclosure during the year.
ENTERPRISE SAVINGS AND LOAN ASSOCIATION
No. 9 Seventh street, New York, N. Y.
[Organized under Law o f 1851.
Officers
President......................
Secretary......................
T reasurer....................
A ttorn ey .......................
Commenced business 1888]
Names
IRVIN G W . DTM ELOW .........
JOHN H. H E L L IN G ................
E. W. W IE S E R ...........................
IR V IN G W . D IM E L O W ............
Post-office addresses
176 B -oadway.
8610 79th St.. W oodhaven.
890 East 7th Street, B ’ klyn.
176 Broadw ay.
4,12283
208
R epoet
on
S a v in g s
and
L oan
A s s o c ia t io n s
ASSETS
Loans on bond and m o rtg a g e ............................................................
Loans on s h a r e s ............................
Shares of Land Bank of State o f New Y o r k ....................
Contracts for the sale o f real e s t a t e ...........................................
Real estate ............................................................................................
Cash on hand and in bank ................................. ............................
Furniture and fixtures ......................................................................
Interest, premium, fees and fines due and u n p a id .....................
$85, 589
1, 700
I, 000
5, 675
2, 285
19, 025
300
311
37
00
00
52
78
26
00
71
$115,887 64
LIABILITIES
Due shareholders, dues .....................................................................
Due shareholders, dividends c re d ite d ..............................................
Undivided profits ............................................................ . ..................
Guaranty fund .....................................................................................
$95, 820
15,192
2, 816
2, 059
19
12
10
23
$115,887 64
RECEIPTS
Cash on hand January 1, 1920 ........................................................
Dues credited to m em bers..................................................................
Mortgages redeemed, foreclosed or transferred to real estate. .
Loans on shares r e p a id ......................................................................
Real estate s o l d ...................................................................................
Fines received ......................................................................................
Interest received ....................................... .........................................
Premium received ................................................
Rent r e ce iv e d ........................................................................................
Dividends retained on withdrawals ................................................
Advances repaid ................................... ; .................................................
Real estate contracts .........................................................................
Real estate p r o f i t .................................................................................
Sundries .................................................................
$8, 603 41
31, 067 04
15, 092.95
1, 300* 00
10, 970 00
14 17
6, 392 08
325 98
198 00
40 44
42.1 19
591 60
389 12
19 50
$75, 425 48
DISBURSEMENTS
Loaned on mortgage ...........................................................................
Loaned on s h a r e s .................................................................. ..............
Dues repaid on withdrawal, or applied on lo a n s .........................
Dividends paid on withdrawal, or applied on lo a n s .............^ . .
Cash dividends paid on income and accumulative prepaid
shares ................
Paid matured shares ............................
Paid borrowed money and prior m ortg a g es....................
Paid interest on borrowed money and prior m ortg a g es............
Paid salaries and clerk-hire ............................................................
Paid advertising, printing and postage .......................................
Paid rent ..............................................................................................
Paid repairs to real estate : ..............................
Paid taxes, insurance, etc. . . . . . . v....................................................
Paid banking department, assessment ..........................................
Advances for taxes, insurance, etc............ ...........
Fixtures ...............................................................................••••------General expenses .....................................................
Office expenses ......................................................................................
Cash on hand December 31, 1920 ....................................................
$22,275
1,500
20, 881
2,481
43
00
67
78
665
4,562
800
61
1,423
331
270
414
100
4
393
21
174
38
19, 025
00
76
00
50
00
10
00
51
48
50
81
25
75
68
26
$ 7 5 ,4 2 5 48
209
N e w Y ork C o u n t y
Plan, permanent and serial. Par value of shares $100 and $250. Instal
ments are 10 and 25 cents weekly and $1 monthly.
Shares in force January 1, 1920, 2,206; shares issued during the year,
906; shares withdrawn during the year, 223; shares in force, 2,889. Borrow
ing members, 34, holding 927 shares; non-borrowing members, 300, holding
1,962 shares. Female shareholders, 119, holding 910 shares. Total dividends
credited members during the year on instalment shares, $4,108.93; rate
5 per cent. Total dividends credited or paid in cash to members during the
year on other shares, $655; rate 5 per cent.
No unpaid withdrawals. Amount of shares matured during the year,
$4,562.76. Operating expenses, as defined in section 390 of the Banking Law,
incurred and paid during the year, $2,263.28.
Premium plan, premium-interest. Interest paid by borrowing members,
6 per cent. No premium charged.
Loans have been made in New York, Bronx, Kings, Queens, Richmond,
Nassau and Westchester counties, New York State, and in New Jersey.
Largest mortgage loan outstanding, $6,000. Mortgages in force in New
York State, $67,928.49. No- foreclosures during the year.
THE FIRST B0HEM IAN-SLAV0NIC CO-OPERATIVE SAVINGS AND
LOAN ASSOCIATION
No. 420> East Seventy-first street, New York, N. Y .
[Organized under Law of 1894.
Officers
President.....................
Secretary......................
Treasurer....................
Attorney......................
Commenced business 1899]
Names
THO M AS C A P E K ......................
V A C L A V V E S E L Y ......................
JA N S T A N E K ............................
THOM AS C A P E K ........................
Post-office addresses
1429 F irst Avenue.
207 Goodrich St., Astoria, L. I.
368 East 72d Street.
1429 F irs t Avenue.
A SSETS
Loans on bond and mortgage ..........................................................
Loans on shares ..................................................................................
Stocks and bond® ................................................................................
Cash on hand and in b a n k ................................................................
Instalments due and unpaid ............................................................
Interest, premium, fees and fines due and unpaid .....................
$16,000
679
2,100
397
110
344
00
00
00
47
00
45
$19,630 92
L IA B IL IT IE S
Due shareholders, dues ......................................................................
Borrowed money .............................................
Undivided profits ............
Guaranty fund .....................................................................................
$18,296
130
413
791
05
00
27
60
$19,630 92
RECEIPTS
Cash on hand January 1, 1920 ....................
Dues credited to members .............................
Money borrowed ............................
Mortgages redeemed, foreclosed or transferred to real esta te..
Loans on shares repaid .....................................................................
Fees received .........................................................................................
Interest received .................................................................................
Liberty loan bonds .....................................
$423
3,768
130
2,500
1,150
14
813
105
81
55
00
00
00
00
21
00
$8,904 57
210
R eport
on
Savings
and
L oan A ssociations
D IS B U R S E M E N T S
Loaned' on mortgage ...........................................................................
Loaned on shares ................................................................................
Dues repaid on withdrawal, or applied on lo a n s .......................
Dividends paid on withdrawal, or applied on l o a n s ...................
Paid borrowed money and prior m ortg a g es..................
Paid interest on borrowed money and prior m ortg a g es.............
Paid salaries and clerk-hire ............................................................
Paid advertising, printing and p o s ta g e ..........................
Paid rent ...............................................................................................
Paid banking department, examination .......................................
Paid banking department, assessm ent........................
Cash on hand December 31, 1920 ....................................................
$5,000
1,067
1,234
612
400
26
121
20
10
13
1
397
00
00
75
36
00
00
50
95
00
00
54
47
$8,904 57
Plan, permanent. Par value of shares, $200. Instalments are 25 cents
Weekly.
Shares in force January 1, 1920, 153; shares issued during the year, 14;
shares withdrawn during the year, 10; shares in force, 157. Borrowing
members, 10, holding 33 shares; non-borrowing members, 36, holding 124
shares. Female shareholders. 25, holding 51 shares. Total dividends credited
members during the year on instalment shares, $612.36; rate, 4 per cent.
No unpaid withdrawals. Entrance fee, $1 per share. Operating expenses,
as defined in section 390 of the Banking Law, incurred and paid during the
year, $153.99.
Premium plan, instalment. Interest paid by borrowing members, 6 per
cent. No premium charged.
Loans have been made in New York, Bronx, Queens and Kings counties,
New York State. Largest mortgage loan outstanding, $5,000. Mortgages in
force in New York State. $16,000. One foreclosure during the year.
THE FRANKLIN SOCIETY FOR HOME BUILDING AND SAVINGS
No. 15 Park Row, New York, N. Y.
[Organized under Law of 18 3 1.
Commenced business 1888]
Officers
Names
Post-office addresses
President...................... C H A R L E S O’C. H B N N E S S Y . Hackensack, N. J.
Vice-President
and
Manager.................. R O B E R T A. S IB B O L D ........... Hackensack. N. I .
Secretary-Treasurer. G IL B E R T L L O Y D ......................
652 East 5th St., Bklyn.
Attorney...................... F R A N K H . H E N N E S S Y ......... 15 Park Row.
A SSETS
Loans on bond and mortgage ........................................................ $3,941,972 35
Loans on shares ...................................................................................
37,071 16
Stocks and bonds .................................................................................
125,852 07
Shares of Land Bank of State of New Y o r k .......... .-....■..........
10,000 00
Contracts for the sale of real estate ............................................;
33,654 32
Real estate ...............................: ............................................ ..............
96,904 28
Cash on hand and in bank ..............................................................
157,886 40
Loans to members on Liberty bonds ..............................................
22,317 00
$4,425,657 58
N e w Y ork C ounty
211
L IA B I L I T I E S
Due shareholders, dues . .
Borrowed m o n e y ...............
Advances by Land Bank .
Undivided profits .............
Guaranty fund .................
Special deposits ...............
Due on uncompleted loans
$4,007,014
75.000
130,000
88,804
71.000
4,160
49,678
62
00
00
81
00
15
00
$4,425,657 58
R E C E IP T S
Cash on hand January 1, 1920 ........................... ............................
Dues credited to members ................................................................
Money borrowed ..................................................................................
Mortgages redeemed, foreclosed or transferred to real esta te..
Loans on shares repaid ....................................................................
Real estate sold ...................................................................................
Interest received ................................................................................
Real estate contracts....................... ..................................................
Special deposits ..................................................................................
Bank acceptances .................................................................................
Loans on Liberty bonds ....................................................................
Liberty loan bonds ...............................................................................
Loans to other associations r e p a id .................................................
Attorney’s fees refunded ....................................................................
Real estate profits ...............................................................................
Land Bank dividend ..........................................................................
R e n t......................................................................................... ................
Furniture and fixtures sold ..............................................................
Profit and loss, miscellaneous ..........................................................
$125,452
2,559,696
225,000
669,603
69,002
21,225
225,780
14,041
31,500
149,154
15,147
35,900
80,000
3,955
2,302
400
1,471
2,322
817
13
12
00
57
60
07
47
66
00
21
50
00
00
80
25
00
08
29
63
$4,232,772 38
D IS B U R S E M E N T S
Loaned on mortgage .......................................................................... $1,489,097 69
Loaned on shares ................................................................................
79,649 16
Dues repaid on withdrawal, or applied onlo a n s ........................... 1,774,433 75
Dividends paid on withdrawal, or applied on lo a n s ....................
134,122 84
Cash dividends paid on income and accumulative prepaid
shares ................................................................................................
2,338 91
Paid borrowed money and prior m o rtg a g e s.......... .. ...................
195,000 00
Paid interest on borrowed money and prior m o rtg a g e s..........
11,098 27
Paid salaries and clerk -h ire ......................
23,595 03
Paid advertising, printing and p o s ta g e .........................................
12,606 19
Paid rent ...............* ..............................................................................
10,413 36
3,104 34
Paid taxes, insurance, e t c .................................................................
Paid banking department, examination .........................................
211 67
Paid banking department, assessment ...........................................
114 60
Real estate contracts ........................................................................
3,021 94
Snecial deposits ............................... ...................................................
32,658 00
Liberty Loan bonds ...........................................................................
33,478 00
Loans on Liberty bonds ............................... ....................................
26,147 50
Bank acceptances ..............................................................................
149,154 21
Loans to other associations ..............................................................
80,000 00
Profit and Loss, Guaranty fund .....................................................
1. 604 63
Attorney’s advances ............................
1,087 09
Commissions .........................................................................................
527 00
Furniture and fixtures ..............................
6,732 31
Moving expenses ..................................................................................
304 9",
212
R eport
on
Savings
and
L oan A ssociations
Profit and loss, miscellaneous ................................. ........................
Sundry expenses ..................................................................................
Cash on hand, December 31, 1920*....................................................
$413 28
3,881 26
157,886 40
$4,232,772 38
Plan, permanent. Par value of shares, $100. Instalments are $1 monthly.
Shares in force January 1, 1920, 240,600; shares issued during the year,
128,620; shares withdrawn during the year, 59,870; shares in force, 309,350.
Borrowing members, 1.315, holding 52.600 shares; non-borrowing members,
7,822, holding 256,750 shares. Total dividends credited members during the
year on instalment shares, $161.94; rate, 5 per cent.
Total dividends
credited or paid in cash to members during the year on other shares, $136,299.81; rate, 4% per cent, 4% per cent, and 4% per cent.
No unpaid withdrawals. Operating expenses, as defined in section 390 of
the Banking Law. incurred and paid during the year, $50,890.79.
No premium' plan. Interest paid by borrowing members, 6 per cent. No
premium charged.
Loans have been made m New York, Queens. Kings. Westchester. Richmond.
Rockland, Nassau, Suffolk and Bronx counties. New York State, and in
New Jersey. Largest mortgage 'loan outstanding, $50,000. Mortgages in
force in New York State, $1,253,778.08. One foreclosure during the year.
GREATER NEW YORK SAVINGS AND LOAN ASSOCIATION
No. 290 Lenox Avenue, New York, N. Y.
[Organized under Law of 1914.
Commerced business 1920]
Officers
Names
Post-office addresses
P r e s id e n t ............... M IC H A E L C. O B R IE N .....................
16 1
W. 122nd Street.
Secretary.................... JO H N ,T. F O L E Y ................................... 233
Broadway.
Treasurer.................... C L A R E N C E J. C A R R O L L ................
198
Broadway.
Attorney................... , T H E O . K. M C C A R T H Y ....................... 50 Broad Street.
ASSETS
Stocks and bonds ........................................................ .......................
Cash on hand and in bank ..............................................................
Furniture and fixtures ............................... .......................................
Interest, premium, fees and fines due and unpaid .....................
$1,674
1,075
65
45
40
39
GO
02
$2,859 81
LIABILITIES
Due shareholders, dues .............................
Undivided profits ............................. ...................................................
Account of con trib u tion s....................................................................
$ 2 , 79 5 0 0
10 11
54 70
$2,859 81
RECEIPTS
~
Dues credited to members ................................................................
Interest received .. .. : .......................................................................
Contributions by members ................................................................
”
$2,795 00
4 36
280 00
$3,079 36
N ew Y ork C ounty
D IS B U R S E M E N T S
Liberty Loan bonds ............................................................................
Expended of contributors’ funds ......................................................
Furniture and fixtures ......................................................................
Interest accrued on Liberty bonds .................................................
Cash on hand December 31, 1020 ...................................................
213
$1, 674
225
65
30
1,075
40
30
00
27
30
$3,070 36
Plan, permanent. Par value of shares, $200. Instalments are $1 monthly.
Shares in force January 1, 1020, none; shares issued during the year,
1,405; chares withdrawn during the year, none; shares in force, 1,405.
Borrowing members, none; non-borrowing members, 133, holding 1,405 shares.
Female shareholders, 27, holding 185 shares.
No unpaid withdrawals. Premium plan, gross.
No loans outstanding.
GREENWICH BUILDING AND LOAN ASSOCIATION
No. 21 East Fourteenth street, New York, N. Y .
[Organized under Law of 18 51.
Officers
President.....................
Secretary.....................
Treasurer....................
Attorney......................
Commenced business 1889]
Names
Post-office addresses
JO H N F . C L E A R Y ............................ 630 Hudson Street.
THOM AS C O N R O Y ..................—
352 East 198th Street.
M. C. F . C L E A R Y ............................ 630 Hudson Street.
JA M ES A. S P E E R ............................ 44 W all Street.
ASSETS
Loans on bond and mortgage ...........................................................
Loans on shares ...................................................................................
Cash on hand and in b a n k ................................................................
Furniture and fixtures ......................................................................
Interest, premium, fees and fines due and u n p a id .....................
$6,000
1,387
.1,311
75
105
00
02
30
00
66
$8,879 07
L IA B I L I T I E S
Due shareholders, dues .....................................................................
Due shareholders,dividends credited ..............................................
Guaranty f u n d .......................................................................................
Suspense account
...........................................................................
$5,077
1,867
375
658
70
13
94
30
$8,879 07
R E C E IP T S
Cash on hand January 1. 1920 ..........................................................
Dues credited to members ..................................................................
Interest and premium received ........................................................
Dividends retained on w ith draw als..................................................
$2,173
778
420
I
35
90
96
58
$3,374 79
D IS B U R S E M E N T S
Loaned on shares .................................................................................
Dues repaid on withdrawal, or applied on lo a n s .........................
Dividends paid on withdrawal, or applied on lo a n s ...................
Paid advertising, printing and p o s ta g e .........................................
$1,100
646
188
11
00
40
72
00
214
R eport
on
Savings
and
L oan A ssociations
Paid rent ...............................................................................................
Paid banking department, assessm ent...........................................
Officers’ bonds.........................................................................................
Cash on hand December 31, 1920 ....................................................
$96
1
20
1,311
00
28
00
39
$3,374 79
Plan, serial. Par value o f shares, $200 and $250. Instalments are 20
cents and 25 cents weekly.
Shares in force January 1, 1920, 147; shares issued during the year 27;
shares withdrawn during the year, 17; shares in force, 157. Borrowing
members, 1, holding 24 shares; non-borrowing members, 28, holding 133
shares. Female shareholders, 19, holding 92 shares. Total dividends credited
members during the year on instalment shares, $277.42; rate, 3% per cent.
Total dividends credited or paid in cash to members during the year on
other shares, $16.42; rate, 2 % per cent.
No unpaid withdrawals. Operating expenses, as defined in section 390 of the
Banking Law, incurred and paid during the year, $127.
Premium plan, instalment. Interest paid by borrowing members, 5 per cent,
and 6 per cent. Premium paid by borrowing members, not to exceed 2 per
cent.
Loans have been made in New Jersey. Largest mortgage loan outstanding,
$6,000. No foreclosures during the year.
HARLEM RIVER BUILDING LOAN AND SAVINGS ASSOCIATION
No. 407 East Forty-seventh street, New York, N. Y .
[Organized under Law o f 1861.
Officers
President.
Secretary.
Treasurer
Attorney.
Commenced business 1891]
Names
F R E D D I E T Z ......................
A U G U STU S W. B U G G E L N
C. F . S C H A U E ......................
AMOS H . S T E P H E N S ___
Poet-office addresses
407 East 47th Street.
1739 W. 9th S't., Brooklyn
585 East 134th Street.
87 Edgecllff Terrace. Yonkers.
A SSETS
Loans on bond and m ortgage............................................................
Stocks and b o n d s ........................... .....................................................
Real estate ......................... , ................................................................
Cash on hand and in bank................................................................
$750
500
679
1,044
00
00
92
41
$2,974 33
L I A B IL IT IE S
Due shareholders, dues .......................................................................
Undivided profits ...............................................................................
Guaranty fund .................................................
$2,255 00
469 33
250 00
$2,974 33
R E C E IP T S
Cash on hand January 1, 1920........................................................
Mortgages redeemed, foreclosed or transferred to real estate. .
Real estate sold .................................................... ...............................
Interest received .................................................................................
$439
150
1,400
85
15
00
00
60
$2,074 75
215
N ew Y ork C ounty
D IS B U R S E M E N T S
Loaned on mortgage............................................................................
Paid advertising, printing and postage.........................................
Paid repairs to real estate................................................................
Paid taxes, insurance, etc...................................................................
Paid banking department, examination.........................................
Paid banking department, assessment...........................................
Commission on sale of real estate....................................................
Cash on hand December 31, 1920......................................................
$900
2
10
40
6
1
70
1,044
00
00
00
74
50
10
00
41
$2,074 75
Plan, permanent. Par value of shares, $100. Instalments are 55 cents
monthly.
Shares in force January 1, 1920, 90; shares issued during the year, none;
shares withdrawn during the year, hone; shares in force, 90. Borrowing
members, none; non-borrowing members, 7, holding 90 shares.
No unpaid withdrawals. Entrance fee, 25 cents per share. Operating
expenses, as defined in section 390 of the Banking Law, incurred and paid
during the year, $3.10.
Premium plan, premium-interest. Interest paid by borrowing members, 6
per cent. Premium paid by borrowing members, 6 per cent.
One $750 loan in Westchester county, New York State, outstanding. No
foreclosures during the year.
MANHATTAN SAVINGS AND LOAN ASSOCIATION
No. 2394 Second avenue, New York, N. Y.
[Organized under Laws of 1910.
Officers
Commenced business 1913]
Names
Post-office addresses
Vice-President...........
P E T E R M U L L E R .........................
Treasurer....................
Attorney......................
J U L I U S J. D IE M E R ....................
109 W. 94th Street.
W A L T E R L. DU R A C K ...........
2 15 Montague St., Brooklyn.
Secretary......................
F R AN K W A G N E R ..........................
119 East 92nd Street.
34 Edson, St., Corona, N. Y.
A SSETS
Loans on bond and mortgage..............................................................
Loans on shares ...................................................................................
Stocks and bonds.................................................................................
Beal estate ...........................................................................................
Cash on hand and in bank..................................................................
Furniture and fixtures .......................................................................
Interest, premium, fees and fines due and unpaid.......................
$146,500
4,800
2,168
11,906
4,972
340
363
00
00
94
14
15
59
50
$171,051 32
L IA B IL IT IE S
Due shareholders, dues........................................................................
Due shareholders, dividends credited..............................................
Borrowed money .................................................................................
Guaranty fund .....................................................................................
Reserve for depreciation on real estate.........................................
Reserve for depreciation on furniture and fixtures.....................
$144,434
9,949
15,050
1,354
221
40
92
85
00
82
14
59
$171,051 32
216
R eport
on
S avings
and
R oan A ssociations
r e c e ip t s
Cash on hand January 1, 1920..........
Dues credited to members..................................................................
Money borrowed ....................................
Mortgages redeemed, foreclosed or transferred to real esta te..
Loans on shares repaid......................................................................
Application fees received..................................................................
Interest received .................................................................................
Rent r eceiv ed .........................................................................................
Dividends retained on withdrawals..........................
Advances repaid ...................................................................................
Liberty loan bond payments.......................................................... , .
Insurance premium refunded............................................................
Exchanges .............................................................................................
$16,959
li9 ,6 7 0
15,050
9,900
450
200
7,229
1,167
7
6
40
37
12,780
34
79
00
00
00
00
02
00
56
50
00
88
87
$183,498 96
D IS B U R S E M E N T S
Loaned on m ortgage.............................................................................
Loaned on shares .................................................................................
Dues repaid on withdrawal, or applied on loans............................
Dividends paid on withdrawal, or applied on loans......................
Cash dividends paid on income and accumulative prepaid
shares ............................................................................
Paid borrowed money and prior mortgages.................................
Paid interest on borrowed money and prior mortgages............
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage.........................................
Paid repairs to real estate................................................................
Paid taxes, insurance, e t c ,................................................................
Paid banking department; assessment..............................................
Officers’ bonds.........................................................................................
Metropolitan and State League dues..............................................
Exchanges ........ . ..................................................................................
Appraisals .............................................................................................
Light and telephone..................................................................
Bank debit...............................................................................................
Cash on hand December 31, 1920......................................................
$70,700
5,050
75,652
1,282
00
00
95
32
403 43
10,000 00
745 77
925 50
139 50
176 36
416 54
472
12 00
10 00
12,780 87
102 64
123 07
1 14
4,972 15
$183,498 96
Plan, permanent. Par value of shares, $100. Instalments are 50 cents
monthly.
Shares in force January 1, 1920, 1,825; shares issued during the year,
1,540; shares withdrawn during the year, 820; shares in force, 2,545.
Borrowing members, 52, holding 1,311 shares; non-borrowing members, 328,
holding 1,234 shares. Female shareholders, 44, holding 195 shares. Total
dividends credited members during the year on instalment shares, $1,941.71;
rate, 5 per cent. Total dividends credited or paid in cash to members during
the year on other shares, $2,518.62; rate, 4 % per cent and 5 per cent.
No unpaid withdrawals. Operating expenses, as defined in section 390 of
the Banking Law, incurred and paid during the year, $1,215.93.
Premium plan, instalment. Interest paid by borrowing members, 6 per
cent. No premium charged.
Loans have been made in New York, Kings, Queens, Bronx and Westchester
counties, New York State, and in New Jersey. Largest mortgage loan out
standing, $8,000. Mortgages in force in New York State, $104,250. No fore
closures during the year.
217
N ew Y ork C ounty
MOUNT MORRIS CO-OPERATIVE BUILDING AND LOAN ASSOCIATION
No. 215 West 125tli street, New York, N. Y.
[Organized under Law of 18 61.
Commenced business 1888]
Officers
Names
Post-office addresses
President..................... JA M ES G. P A T T O N ................ 824 Jackson Avenue.
Secretary-Treasurer. C. WOODS B O W E R S ............... 1 1 7 East 28th Street.
Attorney...................... JO H N P. D U N N ...................... 4 1 Park Row.
A SSETS
Loans on bond and m ortgage............................................................
Contracts for the sale of real estate................................................
Real estate.............................................................................................
Cash on hand and in bank..................................................................
Furniture and fixtures........................................................................
Interest, premium, fees and fines due and u n p a id .......................
$23,600
4,971
30,207
3,121
192
802
00
05
35
83
50
92
$62,895 65
L IA B IL IT IE S
Due shareholders, dues....................
Undivided profits...................................................................................
Guaranty fu nd.......................................................................................
Suspense account...................................................................................
$58,509
1,644
2,116
625
32
90
43
00
$62,895 65
R E C E IP T S
Cash on hand January 1, 1920..........................................................
Dues credited to members..................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Real estate sold.....................................................................................
Interest received— .............................................................................
Premium received..................................................................................
Rent received.........................................................................................
Advances repaid.....................................................................................
Real estate contracts..........................................................................
Telephone ...............................................................................................
Furniture ...............................................................................................
$857 09
319 51
400 00
9,700 00
974 06
187 88
718 00
9 22
1,904 66
22 39
7 50
$15,100 31
D IS B U R S E M E N T S
Loaned on m ortgage............................................................................
Dues repaid on withdrawal, or applied on loans.........................
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage.........................................
Paid rent.................................................................................................
Paid repairs to real estate................................................................
Paid taxes, insurance, etc..................................................................
Paid banking department, examination.........................................
Paid banking department, assessment.......... ..................................
Moving expenses....................................................................................
Telephone ...............................................................................................
Commission on sale of real estate....................................................
Searching title .......................................
Bank collection......................................................................................
Cash on hand December 31, 1920......................................................
$8,000
1,369
400
54
281
150
1,401
37
3
152
18
100
10
00
60
00
42
00
00
87
50
02
00
94
00
00
10
3,121 86
$15,100 31
218
R eport
on
S avings
and
L oan A ssociations
Plan, permanent. Par value of shares, $100 and $250. Instalments are
12% cents and 25 cents weekly.
Shares in force January 1, 1920, 2,893; shares issued during the year, 80;
shares withdrawn during the year, none; shares in force, 2,973. Borrowing
members, 5, holding 99 shares; non-borrowing members, 316, holding 2,874
shares. Female shareholders, 132, holding 1,120 shares. Amount of filed
and unpaid withdrawals December 31, 1920, $56,799.38. Operating expenses,
as defined in section 390 of the Banking Law, incurred and paid during the
year, $890.54.
Premium plan, instalment. Interest paid by borrowing members, 5 pel
cent, 5% per cent and 6 per cent. Premium paid by borrowing members, 40
cents per share.
Loans have been made in Kings, Queens, New York and Westchester
counties, New York State, and in New Jersey. Largest mortgage loan out
standing, $8,000. Mortgages in force in New Y ork State, $18,694.25. No
foreclosures during the year.
THE NEW YORK AND SUBURBAN CO-OPERATIVE BUILDING AND
LOAN ASSOCIATION
No. 1937 Madison avenue, New York, N. Y.
[Organized under Law of 18 51.
Officers
President.....................
Recording Secretary
Financial Secretary..
Treasurer....................
Attorney......................
Commenced business 1888]
Names
G E O R G E W. S M Y T H ......................
A. D. W E M P R E S S .............................
R IC H A R D N. C O T T E R ..................
W IL L IA M S. B E C K L E Y ................
R O B E R T H . B E R G M A N ..............
Post-office addresses
68 W illiam s Street.
2013 Fifth Avenue.
1 3 1 East 23d Street.
133 East 23d Street.
2804 Third Avenue.
ASSETS
Loans on bond and mortgage.....................................
Loans on shares....................... .....................................
Stocks and bonds............................................................
Contracts for the sale of real estate.......................
Real estate ......................................................................
Cash on hand and in bank.........................................
Interest, premium, fees and fines due and unpaid
Advances for taxes, insurance, e tc...........................
$1,063,700
43,049
15,000
3,000
21,950
9,093
5,431
573
00
00
00
00
00
98
91
75
$1,161,798 64
L IA B I L I T I E S
Due shareholders, dues.....................................................................
Due shareholders, dividends credited.............................................
Balance to be paid borrowers on mortgage loans........................
Borrowed money ................................................................ ............,
Undivided profits ..............................................................................
Guaranty fund ...................................................................................
Special deposits ...................................................................................
Suspense account ..............................................................................
$880,382
192,784
11,980
23,505
14,199
36,000
1,343
1,604
00
56
00
00
75
00
10
23
$1,161,798 64
R E C E IP T S
Cash on hand January 1, 1920......................... .............................
Dues credited to members................................................................
Money borrowed .................................................................................
Mortgages redeemed1, foreclosed or transferred to real esta te..
$2,909
198,660
117,000
134,950
93
00
00
00
N ew Y ork C ounty
Loans on shares repaid........................................................................
Fees received ..................................................................
Fines received .....................................................
Interest received .................................................................................
Dividends retained on withdrawals................................................
Advances repaid .................................................................................
Real estate contracts........................................................................
Suspense account ...................................................................
219
$18,981
827
361
65,509
2,770
3,802
50
441
00
50
99
08
78
93
00
00
$546,264 21
D ISB U R SEM EN TS
Loaned on mortgage.............................................................................
Loaned on shares ............... . ................................................................
Dues repaid on withdrawal, or applied on loans.........................
Dividends paid on withdrawal, or applied on loans...................
Cash dividends paid on income and accumulative prepaid
shares .................................................................................................
Paid matured shares...........................................................................
Paid borrowed money and prior mortgages...................................
Paid interest on 'borrowed money and prior m o r tg a g e s .........
Paid for real estate............................................................................
Paid salaries and clerk-hire.............................................................
Paid advertising, printing and postage.......................................
Paid rent ...............................................................................................
Paid taxes, insurance, etc................................................................
Paid banking department, examination.........................................
Paid banking department, assessment...........................................
Officers’ bonds, burglary and fire insurance.................................
Advances for taxes, insurance, etc..................................................
League dues .........................................................................................
Directors’ fees .....................................................................................
Foreclosure expenses ........................................................................
'Moving expenses .................................................................................
Interest to mature series..................................................................
Cash on hand December 31, 1920 ....................................................
$203,190
31,588
78,431
13,163
00
00
00
18
i,2 8 1
36,919
137,500
2,050
21,952
4,449
743
1,000
143
71
35
120
2,900
20
230
202
777
398
9,093
57
71
00
30
84
75
57
28
11
50
35
74
16
00
00
98
25
94
98
$546,264 21
Plan, serial. Par values of shares, $200 and $250. Instalments are $1
monthly.
Shares in force January 1, 1920, 15,137; shares issued during the year,
5.795; shares withdrawn during the year, 2,008; shares in force, 18,924.
Borrowing members, 374, holding 5,634 shares; non-borrowing members,
1,785, holding 13,290 shares. Total dividends credited members during the
year on instalment shares, $49,622.28; rate 5% per cent. Total dividends
credited or paid in cash to members during the year on other shares,
$1,281.57; rate, 4% per cent.
No “unpaid withdrawals. Amount o f shares matured during the year,
$36,919.71. Membership fee, $1. Operating expenses, as defined in section 390
of the Banking Law, incurred and paid1 during the year, $7,376.94.
No premium plan. Interest paid by borrowing members, 6 per cent. No
premium charged.
Loans have been made in New York, Kings, Queens, Nassau, Suffolk, Rich
mond. Westchester, Bronx and Putnam counties, New York State, and in New
Jersey. Largest mortgage loan outstanding, $12,000. Mortgages in force
in New York State, $1,019,900. One foreclosure during the year.
220
R eport
on
Savings
and
L oan A ssociations
THE NEW YORE CO-OPERATIVE BUILDING AND LOAN ASSOCIATION
N ob. 35-43 W est 125th street, New York, N . Y .
[Organized under Law of 18 51.
Officers
President......................
S e c r e ta r y ....;...........
Treasurer....................
Attorney......................
Names
WM. M. E M B L E R .
IS A A C S. M A R T IN
JO H N R. B R O D IE .
W IL L IA M LAN GD O N
Commenced business 1888]
Post-office addresses
350 East 51st Street.
43 West 125th Street
38 Park Place.
2 Rector Street.
ASSETS
Loans on bond and m ortgage............................................................
Loans on shares ...................................................................................
Stocks and bonds.................................................................................
Contracts for the sale of real estate..............................................
Real estate ...........................................................................................
Cash on hand and in bank...............................
Interest, premium, fees and fines due and unpaid.......................
Advances for taxes, insurance, etc..................................................
$384,395
9,222
7,599
2,200
21,567
5,257
4,301
458
00
00
00
00
95
92
19
01
$435,001 07
L IA B IL IT IE S
Due shareholders, dues ......................................................................
Due shareholders, dividendscredited................................................
Balance to be paid borrowers onmortgage loans...........................
Borrowed money .....................................................
Undivided profits ..............................
Guaranty fund .....................................................................................
Lease contracts .............................................................
Deposits on shares ...............................................................................
Suspense account .................................................................................
$304,699
68,110
2,200
25,000
7,785
20,000
6,911
75
218
96
34
00
00
45
00
00
59
73
$435,001 07
R E C E IP T S
Cash on hand January 1, 1920..........................................................
Dues credited to members..................................................................
Money borrowed.....................................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares repaid......................................................................
Fees received..........................................................................................
Fines received..................................................................................
Interest received...................................................................................
Premium received.................................................................................
Dividends retained on withdrawals..................................................
Advances repaid.....................................................................................
Deposits on shares...............................................................................
Contracts ...............................................................................................
Liberty loan bonds...............................................................................
Suspense account..................................................................................
Special account.....................................................................................
$22,124 12
79,663 95
30,000 00
27,860 00
11,929 60
9 00
640 76
19,236 83
8,071 96
948 22
149 95
832 00
2,008 50
75 00
20 65
515 83
$204,086 37
D ISB U R SE M E N TS
Loaned on m ortgage.............................................................................
Loaned on shares.................................................................................
Dues repaid on withdrawal, or applied on loans.........................
Dividends paid on withdrawal, or applied on loans...................
$88,800
10,010
19,188
3,066
00
60
96
89
221
N ew Y ork C ounty
Paid matured shares..........................................................................
Paid borrowed money and prior mortgages.................................
Paid interest on borrowed money and prior mortgages...............
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage...........................................
Paid rent................................................................................................
Paid taxes, insurance, etc..................................................................
Paid banking department, examination......................
Paid banking department, assessment...........................................
Officers’ bonds........................................................................................
Deposits on shares..............................................................................
Special account.....................................................................................
Legal services.........................................................................................
Office alterations, supplies, heat and ligh t...................................
Cash on hand December 31, 1920................................
$62, 550
5,000
839
4,260
523
400
614
39
13
70
1,077
1,684
25
663
5,257
00
00
34
00
20
00
94
00
92
00
89
33
78
60
92
$204,086 37
Plan, serial. Par value of shares, $200 and $250. Instalments are 20 cents
and 25 cents weekly.
Shares in force January 1, 1920, 6,092; shares issued during the year,
2 653; shares withdrawn during the year, 1,212; shares in force, 7,533.
Borrowing members, 112, holding 1,904 shares; non-borrowing members, 671,
holding 5,629 shares. Female shareholders, 320, holding 2,596 shares. Total
dividends credited members during the year on instalment shares, $19,646.52;
rate, 3 per cent and .3% per cent.
No unpaid withdrawals. Amount of shares matured during the year,
$62,550. Operating expenses, as defined in section 390 of the Banking Law,
incurred and paid during the year, $5,916.80.
Premium plan, instalment. Interest paid by borrowing members, 5 per
cent. Premium paid by borrowing members, 40 cents per share per month.
Loans have been made in New York, Bronx, Westchester, Kings, Queens,
Nassau, and Richmond counties, New York State, and in New Jersey and
Connecticut. Largest mortgage loan outstanding, $10,000. Mortgages in
•force in New York State, $375,145. No foreclosures during the year.
THE NEW YORK EDISON SAVINGS AND LOAN ASSOCIATION
No. 130 East 15th street, New York, N. Y.
[Organized under Law of 1910.
Officers
President......................
Secretary......................
Treasurer....................
Attorneys.....................
Commenced business 19 12 ]
Names
A R T H U R W IL L IA M S ...........................
ED W A R D B A R T E L L ............................
A D O LP H H E R T Z ...................................
BEARDSLEY, HEMMINS & TAYLOR
Post-office addresses
130 East 15th Street.
130 East 15th Street.
130 East 15th Street
64 Wall Street.
ASSETS
Loans on bond and m ortgage.....................................
Loans on shares ............................................................
Stocks and bonds ..........................................................
Shares of Land Bank of State of New Y ork ........
Cash on hand and in bank .........................................
Instalments due and unpaid .....................................
Interest, premium, fees and fines due and unpaid
Advances for taxes, insurance, etc...........................
Interest accrued on bonds ....................................... ..
Interest accrued on mortgages .................................
$890.050
63,373
43,229
1. 000
11,897
1. 000
435
165
569
834
00
89
55
00
20
00
93
12
10
93
$1,012,555 72
222
R eport
on
Savings
and
L oan A ssociations
L IA B IL IT IE S
Due shareholders, dues ....................................................................
Due shareholders, dividends credited .........................................
Undivided profits .................................................................................
Guaranty f u n d ......................................................................................
Prepaid interest ...................................................................................
Deposits to secure lo a n s ............................................................ ........
Insurance premium deposit ................................... ........................
$855, 814
143,479
2,013
10,234
130
. 878
5
41
59
06
88
25
53
00
$1,012,555 72
R E C E IP T S
Cash on hand January 1, 1920......................................................
Dues credited to members ................................................................
Money borrowed ...................................................................................
Mortgages redeemed, foreclosed or transferred to real estate.
Loans on shares repaid ....................................................................
Fines received ..................................................................................
Interest received .................................................................................
Dividends retained on withdrawals ................................................
Advances repaid ...................................................................................
Land Bank bonds redeemed ............................................................
Land Bank dividends *......................................................................
Deposits to secure loans ..................................................................
Petty cash ............................
Dividends credited ..........................................................................
Other charges due ...........................................
$6,289
486, 653
55, 000
127, 350
49, 137
140
53,042
1,236
2,800
5, 000
40
6, 500
2,000
198
750
45
97
00
00
01
06
7i
95
75
00
00
00
00
34
91
$796,140 15
D IS B U R S E M E N T S
Loaned on mortgage ...........................................................................
Loaned on shares .............................................................................
Dues repaid on withdrawal, or applied on loans.....................
Dividends paid on withdrawal, or applied on loans...................
Paid borrowed money and prior mortgages.................................
Paid interest on borrowed money and prior mortgages.............
Advances for taxes, insurance, e tc................................................
Other charges due ................................................................ ..............
Deposits to secure loans ........................... .......................... .............
Interest refunded .................................................................................
Petty cash ......................................................................., ....................
Sundries . . - . — ........ ............................................................... .*...
Cash on hand December 31, 1920....................................................
$345,250
53, 998
279,892
12,135
00
50
51
68,
80,000 00
985
2, 304
600
7, 050
13
2, 000
11
11,897
64
80
91
39
52
00
00
20
$796,140 15
Plan, serial. Par value of shares, $200. Instalments are 25 cents weekly
and $1 monthly.
Shares in force January 1, 1920, 10,549; shares issued during the year,
5,770; shares withdrawn during the year, 1,677; shares in force, 14.642.
Borrowing members, 407, holding 5,660 shares; non-borrowing members,
1,203, holding 8,982 shares. Female shareholders, 500, holding 2,657 shares.
Total dividends credited members during the year on instalment shares,
$34,430.67 ; rate, 614 and 6% per cent. Total dividends credited or paid in
cash to members during the year on other shares, $11,509.85; rate, 5 per
cent, and 5 % per cent.
No unpaid withdrawals.
m
N ew Y ork C ounty
No premium plan. Interest paid by borrowing members, 6 per cent. No
premium charged.
Loans have been made in New York, Bronx, Kings, Queens, Richmond,
Westchester, Rockland and Nassau counties, New York State, and in New
Jersey and Connecticut. Largest mortgage loan outstanding, $10,000. M ort
gages in force in New York State, $649,350. One foreclosure during the year.
POLONIA CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION
No. 109 East Seventh street, New York, N. Y .
[Organized under Law of 1894.
Officers
President.
Secretary.
Treasurer,
Attorney.
Commenced business 1903]
Post-office addresses
Names
M IC H A L W O JT O W IC Z. . ,
IG N A T IU S W. R A I T H .. .
JO H N P U C IL O W S K I___
F R A N C IS X . W A Z E T E R .
510
106
122
130
East Twelfth Street.
East Seventh Street.
E . Seventh Street.
East Seventh Street.
ASSETS
Loans on bond and mortgage . ...................
Stocks and bonds ...........................................
Cash on hand and in bank .........................
Furniture and fixtures .................................
$16, 600
1,197
1, 073
75
00
50
05
00
$18, 945 55
L IA B IL IT IE S
Due shareholders, dues .....................................................................
Due shareholders, dividends credited ..............................
Undivided profits ...................................................................... . . . . .
Guaranty fund ........................................................................
Suspense a c c o u n t..................................................................................
$17,295
256
812
513
67
73
34
24
89
35
$18,945' 55
R E C E IP T S
Cash on hand January 1, 1920..........................................................
. $2,053 57
Dues credited to members....................................................... .
10, 810 22
Mortgages redeemed, foreclosed or transferred to real e sta te ..
100 00
Interest received ..................................................................................
785 35
Advances repaid ............................................................................................
3040
Profit and l o s s ................................................................................................
2377
$13,803 31
DISBURSEMENTS
Loaned on mortgage ..........................................................................
Dues repaid on withdrawal, or applied on loans.........................
Paid matured shares .............................................................
Paid salaries and clerk-hire .. ..........................................................
Paid advertising, printing and postage............................
Paid rent ............................ ........................ .. . ......................................
Paid banking department, examination .........................................
Paid banking department, assessm ent...........................................
Advances for taxes, insurance, etc...................................................
Liberty loan bonds ...............................................................................
Sundries .......................................................
Cash on hand December 31, 19 20 ...........
$2. 500 00
8, 289 50
391 27
220 00
12 20
60 00
13 00
6 04
15 40
1, 197 50
25 35
1,073 05
$13,803 31
224
R epoet
on
Savings
and
L oan A ssociations
Plan, permanent. Par value of shares, $100. Instalments are 25 cents
weekly.
Shares in force January 1, 1920, 232; shares issued during the year, 48;
shares withdrawn during the year, 64; shares in force, 216. Non-borrowing
members, 54, holding 216 shares.
Female shareholders, 21, holding 84
shares. Total dividends credited members during the year on instalment
shares, $17,257; rate, 4 per cent. Total dividends credited or paid in cash
to members during the year on other shares, $316.48; rate 4 per cent.
No unpaid withdrawals. Operating expenses, as defined in section 390 of
the Banking Law, incurred and paid during the year, $316.55.
No premium plan. Interest paid by borrowing members, 6 per cent. No
premium charged.
Loans have been made in New York and Westchester counties, New York
State. Largest mortgage loan outstanding, $6,300. Mortgages in force in
New York State, $16,600. No foreclosures during the year.
RAILROAD BROTHERHOODS’ SAVINGS AND BUILDING ASSOCIATION
No. 505 Fifth avenue, New York, N . Y .
[Organized under Law of 18 5 1.
Officers
President......................
Secretary.....................
Treasurer....................
Attorney......................
Commenced business 18 91]
Names
Post-office addresses
E P H R A IM I . B A K E R ................................. 505 F ifth Avenue.
M IC H A E L J . O’B R IE N ........... ................
505 Fifth Avenue.
JO H N J . M cG R A N E .................................. 505 Fifth Avenue.
W IL L IA M LA N G D O N ................................. 2 Rector Street.
ASSETS
Loans on bond and mortgage.............................................................
Cash on hand and in bank..................................................................
$142, 600 00 ‘
9,185 31
$151,785 31
L IA B IL IT IE S
Due shareholders, dues ......................................................................
Due shareholders, dividends credited..............................................
Borrowed money ...................................................................................
Undivided profits .................................................................................
Guaranty f u n d .......................................................................................
$99, 959
31,090
9, 000
1, 708
10,026
59
75
00
09
88
$151,785 31
R E C E IP T S
Cash on hand January 1, 1920..........................................................
Dues credited to members....................................................................
Money borrowed ...................................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Fines received ....................................... ...............................................
Interest received ................................................................ ..................
Premium r e ce iv e d ................................................................................
Check outstanding, ca n celed ..............................................................
$1, 445 88
60,334 12
39, 000 00
22, 850 00
13 35
6,640 17
3, 185 72
25 00
$133,494 24
D IS B U R S E M E N T S
Loaned on m ortg a g e.............. ..............................................................
Dues repaid on withdrawal, or applied on loans.........................
Dividends paid on withdrawal, or applied on loans.....................
Paid borrowed money and prior mortgages......................... ..
$32, 800
45, 683
1, 635
41, 000
00
36
34
00
225
N e w Y ork C ounty
Paid interest on borrowed money and prior mortgages..........
Paid salaries and clerk -h ire.............................................................
Paid advertising, printing and postage.........................................
Paid rent ...............................................................................................
Paid banking department, examination ........................................
Paid banking department, assessment ..........................................
Officers’ bonds .......................................................................................
Metropolitan and State League dues................................................
S u n d ries..................................................................................................
Cash on hand December 31, 1920......................................................
$729
1,798
87
500
16
5
30
12
11
9,185
60
43
63
00
25
22
00
00
10
31
$133,494 24
Plan, permanent. Par value of shares, $200. Instalments are $1 monthly.
Shares in force January 1, 1920, 2,569; shares issued during the year, 7901;
shares withdrawn during the year, 240; shares in force, 3,128. Borrowing
members, 52, holding 715 shares; non-borrowing members, 306, holding 2,413
shares. Female shareholders, 139, holding 1,022 shares. Total dividends
credited members during the year on instalment shares, $6,226.83; rate, 6 per
cent.
No unpaid withdrawals. Operating expenses, as defined in section 390 of
the Banking Law, incurred and paid during the year, $2,439.16.
Premium plan, instalment. Interest paid by borrowing members, 5 per
cent. Premium paid by borrowing members, 2% per cent.
Loans have been made in Nassau, Kings, Queens, Suffolk, Westchester and
Rockland counties, New York State, and in New Jersey. Largest mortgage
loan outstanding, $7,250. Mortgages in force in New York State, $82,200.
No foreclosures during the year.
THE RAILROAD CO-OPERATIVE BUILDING AND LOAN ASSOCIATION
No. 437 Lexington avenue, New York, N. Y.
[Organized under Law o f 1861.
Officers
President.....................
Secretary....................
Treasurer...................
Attorney......................
Commenced business 1890]
Names
Post-office addresses
JOHN F. FAIRLAMR...........................
Yonkers, N. Y.
GEORGE A. MARTIN...........................
Yonkers, N. Y.
ALONZO H. JOSEPH...........................
Bergenf'eld, N. J.
EDWIN J. CRANDALL............................ White Plains, N. Y.
A SSE TS
Loans on bond and m o r tg a g e ...................................
Loans on shares ..........................................................
Stocks and bonds ........................................................
Contracts for the sale of real e s t a t e .....................
Real estate ...................................................................
Cash on hand and in b a n k .......................................
Furniture and fixtures ..............................................
Interest, premium, fees and fines due and unpaid
Advances for taxes, insurance, etc............................
3,498,289
189,297
61,379
10,834
127,317
48, 068
1,552
2, 625
136
42
03
49
30
19
04
00
83
18
$3,939,499 48
L IA B IL IT IE S
Due shareholders,
Due shareholders,
Borrowed money
Undivided profits
8
dues ...................................................................... $3,491,114 36
dividends c r e d ite d ..............................................
146,342 81
.................................................................................
166,000 00
.................................................................................
37,810 88
226
R eport on Savings and L oan A ssociations
Guaranty fund .....................................................................................
Loan expense s e c u r ity ........................................................................
Suspense a c c o u n t.................................................................................
$91,000 00
6, 841 34
39Q 09
$8,939,499 48
RECEIPTS
Cash on hand January 1, 1920 .................................................... .
Dues credited to members ................................................................
Money b o r r o w e d ...................................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares r e p a id ........................ .............................................
Real estate sold ...................................................................................
Fines received ......................................................................................
Interest received ..................................................................................
Premium received ..........................................
Rent r e ce iv e d ........................................................................................
Dividends retained on w ith d ra w a ls................................................
Advances r e p a id ...................................................................................
U. S. Treasury Certificates ..............................................................
Liberty loan bonds .............................................................................
Real estate contracts ........................................................................
Loan expense security .......................................................................
Suspense account .................................................................................
Loan expense to profit and l o s s .......................................................
Dividends transferred ........................................................................
Sundries .................................................................................................
$38, 094
1, 695, 111
412, 000
410, 360
213,191
27, 225
256
196, 545
24
3, 876
407
6, 787
105, 000
2, 592
23, 321
46, 755
127, 086
24,140
1,117
490
12
35
00
96
57
00
6$
04
80
08
17
69
00
49
16
57
54
04
97,
12
$3, 334, 384 36
D ISB U R SEM E N TS
Loaned on mortgage .................................................................. ..
$1,074, 797 72
Loanled on shares .................................................................................
280,944 83
Dues repaid on withdrawal, or applied on l o a n s ....................... 1, 065, 674 32
Dividends paid on withdrawal, or applied on lo a n s ...................
19, 403 49
Cash dividends paid on income and accumulative prepaid
shares ................................................................................................
679 25
Paid matured shares ..........................................................................
27,622 07
391,000 00
Paid borrowed money and prior mortgages.................................
Paid interest on borrowed money and prior mortgages.............
3,306 09
Paid for real estate.............................................................................
126,982 60
Paid salaries and clerk-hire..............................................................
20,291 69
Paid advertising, printing and postage.........................................
2,410 76
Paid rent.................................................................................................
2,866 45
Paid taxes, insurance, etc..............
1,146 68
Paid banking department, examination.........................................
168 00
Paid banking department, assessment.............................................
100 07
408*88
Officers’ bonds........................................................................................
Advances for taxes, insurance, etc...................................................
6,648 87
Liberty bonds and treasury certificates.........................................
80,681 56
Ldan expense security......................................................................
43,515 85
Real estate contracts...........................................................................
231 53
Suspense account...................................................................................
127,673 71
Recording taxes.....................................................................................
4,997 92
Commission on sale of real estate.......... .........................................
1,000 00
Auditors .................................................................................................
600 00
Office expenses.......................................................................................
1,419 71
Directors’ fees.......................................................................................
795 00
Sundries .................................................................................................
949 27
Cash on hand December 31, 1920 ......................................................
48,068 04
$ 3 ,3 3 4 ,3 8 4 36
H
ew
Y
ork
m
County
Plan, permanent. Par value of shares, $200. Instalments are $1 monthly.
Shares in force January 1, 1920, 90,622; shares issued during the year,
31,286; shares withdrawn during the year, 6,944; shares in force, 114,964.
Borrowing members, 821, holding 20,525 shares; non-borrowing members,
6,363, holding 94,439 shares. Total dividends credited members during the
year on instalment shares, $42,501.44; rate, 6 per cent. Total dividends
credited or paid in cash to members during the year on other shares,
$114,330.76; rate, 5 per cent.
No unpaid withdrawals. Amount of shares matured during the year,
$27,622.07. Operating expenses, as defined in section 390 of the Banking
Law, incurred and paid during the year, $27,776.56.
Premium plan, instalment. Interest paid by borrowing members, 6 per
cent. ‘ Premium paid By borrowing members, 40 cents per share on only three
accounts.
Loans have been made in New York, Kings, Queens, Nassau, Suffolk, Rich
mond, Rockland, Putnam and Westchester counties, New York county, and in
New Jersey. Largest mortgage loan outstanding, $30,000. Mortgages in
force in New York State, $3,037,041.42. One foreclosure during the year.
RURAL SAYINGS AND LOAN ASSOCIATION
No. 333 W est 30th street, New Y ork, 'N. Y.
[Organized under Law of 1914. Commenced business 1914]
Officers
President.. .
Secretary...
Treasurer.. .
Attorney. •.
Names
JOHN J. DILLON.................
M. GERTRUDE KEYES___
FERNAND P. de GROOF___
JOHN B. CONNELLY...........
Post-office addresses
404 Riverside Drive.
100 Morningside Drive.
45 W. 21st St.. Whitestone.
27 W illiam S treet.
ASSETS
Loans on bond and mortgage............................................................
Loans on shares.....................................................................................
Cash on hand and in bank................................................................
Interest accrued.....................................................................................
$21,360
1,215
1,199
81
00
00
60
58
$23,856 18
LIABILITIES
Due shareholders, dues......................................................................
Due shareholders,dividends credited.................................................
Undivided profits...................................................................................
Guaranty fu n d .......................................................................................
$21,064
2,577
9
205
74
03
41
00
$23,856 18
RECEIPTS
Cash on hand January 1, 1920..........................................................
Dues credited to members..................................................................
Money borrowed.....................................................................................
Mortgages redeemed, foreclosed or transferred to real esta te..
Loans on shares repaid.....................................
Interest received....................................................................................
Dividends retained on withdrawals..................................................
$107 03
4,804 50
3,500 00
1,740 00
650 00
1,309 66
78
$12,111 97
228
R epoet on Savings and Roan A ssociations
DISBURSEMENTS
Loaned on m ortgage................
Loaned on shares...................................................................................
Dues repaid on withdrawal, or applied on loans.........................
Dividends paid on withdrawal, or applied on loans.....................
Cash dividends paid on income and accumulative prepaid
shares .........................................................................................
Paid borrowed money and prior mortgages.................................
Paid interest on borrowed money and prior m ortgages.. ..........
Paid salaries and clerk-hire..............................................................
Paid banking department, examination.........................................
Paid banking, department, assessment............................................
Cash on hand December 31, 1920......................................................
$3,500
1,865
398
7
00
00
50
95
229
4,668
202
25
13
1
1,199
50
81
98
00
00
63
60
$12,111 97
Plan, permanent. Par value of shares, $100. Instalments are 50 cents
monthly.
Shares in force January 1, 1920, 657 j shares issued during the year, 398;
shares withdrawn during the year, 76; shares in force, 979. Borrowing
members, 3, holding 60 shares; non-borrowing members, 60, holding 919
shares.
Female shareholders, 23, holding 244 shares.
Total dividends
credited members during the year on instalment shares, $861.85; rate, 6 and
6% per cent. Total dividends credited or paid in cash to members during
the year oni other shares, $281.90; rate, 4 per cent, 4% per cent and 6% per
cent.
No unpaid withdrawals. Operating expenses, as defined in section 390 of
the Banking Law, incurred and paid during the year, $25.
Premium plan, installment. Interest paid by borrowing members, 6 per
cent. No premium charged.
Loans have been made in New York and Kings counties, New Y ork State,
and in New Jersey. Largest mortgage loan outstanding, $9,300. Mortgages
in force in New York State, $9,300. No foreclosures during the year.
SCANDINAVIAN
BUILDING AND M UTUAL LOAN
N E W YORK AND BROOKLYN
ASSOCIATION
OF
N o. 64 W hite street, New Y ork, N . Y .
[Organized under Law o f 1851.
Officers
President...................
Secretary.................
Treasurer.................
Attorney...................
Commenced business 1888]
Names
AUGUST HALLBLOM...........
CHARLES G. EDLING.............
ALBERT HANSEN....................
CHARLES’ W. LEEMAN.........
Post-office addresses
54 Barclay Street.
64 White Street.
1380 Plympton Avenue.
375 Fulton St., Brooklyn.
ASSETS
'Contracts for the sale o f real estate................................................
Real estate.............................................................................................
Cash on hand and in bank................................................................
Furniture and fixtures........................................................................
Suspense a c c o u n t.................................................................................
$1,000
4,731
170
50
134
00
64
93
00
59
$6,087 16
229
N e w Y ork County
LIABILITIES
Due shareholders, dues......................................................................
Due shareholders, dividendscredited................................................
Due shareholders, matured shares.....................................................
Guaranty fu nd.......................................................................................
Sundry expenses......................... ..... ...................................................
$3,710
1,235
1,105
1
34
45
77
87
07
00
$6,087 16
RECEIPTS
Cash on hand January 1, 1920.........................................................
$170 93
DISBURSEMENTS
Cash on hand December 31, 1920....................................................
$170 93
Plan, serial. Par value o f shares, $200. Instalments are $1 monthly.
Shares in force January 1, 1920, 80; shares issued during the year, none;
shares withdrawn during the year, none. Borrowing members, none; non
borrowing members, 14. Female shareholders, 1, holding 5 shares.
No unpaid withdrawals. No loans outstanding.
SERIAL BUILDING, LOAN AND SAVINGS INSTITUTION
No. 195 Broadway, New York, N. Y.
[Organized under Law o f 1851.
Officers
President.....................
Vice-President............
Secretary.....................
Attorney.....................
Commenced business 1885]
Names
Post-office addresses
THOMAS M. BRENNAN..............................
24 Walker Street,
JAMES P. NATHAN....................................
395Broadway.
EDWIN P. HOWELL, J R ............................
195Broadway.
MARTIN S. COHEN....................................
302Broadway.
ASSETS
Loans on bond and m ortgage...........................
Loans on shares....................................................
Stocks and bonds..................................................
Shares of Land Bank of State of New York
Contracts for the sale of real estate...............
Beal estate............................................................
Cash on hand and in .bank...............................
Advances for taxes, insurance, e t c . . ...............
$1,413,227
52,213
25,814
10,000
16,008
16,405
43,527
2,139
27
00
32
00
37
84
93
52
$1,579,336 25
LIABILITIES
Due shareholders, dues.................... ..................................... ........... $1,276,691
Due shareholders, dividendscredited................................................
108,931
Balance to be paid borrowers on mortgage loans..........................
48,400
Prior mortgages.....................................................................................
11,255
Borrowed m oney...................................................................................
14,300
Advances by Land Bank....................................................................
30,000
Undivided profits.................................................................................
47,908
Guaranty fund.......................................................................................
41,850
31
25
00
00
00
00
69
00
$ 1 ,5 7 9 ,3 3 6 25
230
R eport of Sayings and L oan A ssociations
R E CEIPTS
Cash on hand January 1, 1920..............................
Dues credited to members..................................................................
Money borrowed.....................................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares repaid......................................................................
Beal estate sold.....................................................................................
Interest received....................................................................................
.Advances repaid....................................................................................
W ar Savings Stamps...........................................................................
Loans repaid...........................................................................................
Land Bank dividend.............................................................................
Beal estate contracts.....................................
Sundries .................................................................................................
$32,601
654,961
14,300
194,718
50,570
1,268
82,443
5,768
19
6,373
400
12,782
76
24
64
00
82
00
69
96
17
72
58
00
63
74
$1,056,285 19
DISBURSEMENTS
Loaned on m ortgage.............................................................................
Loaned on shares.................................................................................
Dues repaid on withdrawal, or applied on loans.........................
Dividends paid on withdrawal, or applied on loans...................
Cash dividends paid on income and accumulative prepaid
shares ...................................................................................................
Paid borrowed money and prior mortgages.................................
Paid interest on borrowed money and prior mortgages...............
Paid for real estate.............................................................................
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage.........................................
Paid repairs to real estate.................................................................
Paid taxes, insurance, e tc .....................................................
Paid banking department, examination.........................................
Paid banking department, assessment............................................
Officers’ bonds.........................................................................................
Advances for taxes, insurance, etc..................................................
Beal estate contracts...........................................................................
Liberty loan bonds...............................................................................
Collateral loan s....................................................................................
Land Bank advances repaid................................................................
Furniture and fixtures........................................................................
Sundry expenses...................................................................................
Cash on hand December 31, 1920..................................... : ............
$363,971
64,250
491,909
21,959
35
00
00
92
15,345
24,000
2,846
1,637
7,160
888
105
673
105
44
28
5,755
429
4,070
339
5,000
69
2,169
43,527
79
00
14
34
24
02
00
49
00
95
00
16
45
56
00
00
50
35
93
$1,056,285 19
Plan, permanent. Par value of shares, $100 and $200. Instalments are
$1 monthly.
Shares in force January 1, 1920, 37,107; shares issued during the year,
12,439; shares withdrawn during the year, 7,440; shares in force, 42,106.
Borrowing members, 478, holding 7,214 shares; non-borrowing members, 3,636,
holding 34,892 shares. Female shareholders, 1,940, holding 18,457 shares.
Total dividends credited members during the year on instalment shares,
$8,780.4$; rate, 5 per cent. Total dividends credited or paid in cash to
members ,during the year on other shares, $44,349.47; rate, 4 per cent, 4%
per cent, and 5 per ceut.
No unpaid withdrawals. Operating expenses, as defined in section 390 o f
the Banking Law, incurred and paid during the year, $10,315.11.
iCb premium plan. Interest paid by borrowing members, 6 per cent. No
premium charged.
231
N ew Y oke: County
Loans have been made in New York, Kings, Queens, Richmond, Bronx,
Nassau, Suffolk, Westchester, Rockland and Orange counties, New York
State, and in New Jersey. Largest mortgage loan outstanding, $28,526.78.
Mortgages in force in New York State, $551,889.03. Two foreclosures during
the year.
SHERMAN PAR E BAU -VEREIN No. 1
No. 1008 First avenue, New York, N. Y.
[Organized under Law of 1851.
Officers
President.....................
Secretary.....................
Treasurer...................
Commenced business 1892]
Names
ADOLF EISELE....................................
JOHN EISENHAUER..........................
JOHN EISENHAUER...........................
Post-office addresses
101 East 90th Street
244 East 30th Street.
244 East 30th Street.
ASSETS
Loans on bond and mortgage.........................
Cash on hand and in bank...............................
$7,000 00
1,595 23
$8,595 23
LIABILITIES
Due shareholders, dues........................................................................
Due shareholders, dividends credited................................................
Borrowed m oney...................................................................................
Undivided profits..................................................................................
Guaranty fu nd.......................................................................................
Unearned or rebatable premium......................................................
$5,123
1,155
800
1,009
370
136
65
30
00
72
01
55
$8,595 23
RECEIPTS
Cash on hand January 1, 1920..........................................................
Dues credited to members..................................................................
Mortgages redeemed, foreclosed or transferred to real estate. .
Loans on shares repaid......................................................................
Fees received.........................................................................................
Interest received....................................................................
Dividends retained on withdrawals.................................................
$3,070 38
1,169 65
1,400 00
400 00
2 00
432 07
9 30
$6,483 40
DISBURSEMENTS
Loaned on mortgage............................................................................
Dues repaid on withdrawal, or applied onloans............................
Dividends paid on withdrawal, or applied on loans......................
Paid matured shares.......... ...............................................^ ...............
Paid interest on borrowed money and prior mortgages..............
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage.........................................
Paid ren t.................................................................................................
Paid banking department, examination...........................................
Paid banking department, assessment.............................................
Cash on hand December 31, 1920...................... .............................
$1,000
1,034
354
2,377
40
50
16
7
7
1
1,595
00
00
70
60
00
00
02
00
50
35
23
$ 6 ,4 8 3 40
232
R eport on Savings and L oan A ssociations
Flan, serial. Par value of shares, $200. Instalments are $1 monthly.
Shares in force January 1, 1920, 95; shares issued during the year, 14;
shares withdrawn during the year, 20; shares in force, 89. Borrowing mem
bers, 4, holding 24 shares; non-borrowing members, 25, holding 65 shares.
Female shareholders, 1, holding 3 shares. Total dividends credited members
during the year on instalment shares, $319.91; rate, 6% per cent.
No unpaid withdrawals. Amount of shares matured during the year,
$2,377.60. Membership fee, $1. Operating expenses, as defined in section
390 o f the Banking Law, incurred and paid during the year, $73.02.
Premium plan, gross. Interest paid by borrowing members, 6 per cent.
Premium paid by borrowing members, 5 per cent or 10 per cent.
Loans have been made in Queens and Westchester counties, New Y ork State.
Largest mortgage loan outstanding, $2,800. Mortgages in force in New York
State, $7,000. No foreclosures during the year.
STEAMSHIP CLERKS’ SAYINGS AND LOAN ASSOCIATION
Pier 13, East river, New York, N. Y.
(Organized under Law of 1910.
Officers
P resid ent...................
Secretary.....................
Treasurer............... .
Attorney.....................
Commenced business 1911]
Names
Post-office addresses
WILLIAM D. CARTER........................ Pier 13 East River.
WILLIAM PITN EY................................. Pier 13 East River.
MARK ROYLANCE......................... ; . . Pier 13 East River.
MARTIN S. COHEN................................ 302 Broadway.
ASSETS
Loans on bond and mortgage............................................................
Loans on sh a res.....................................................................................
Stocks and bonds .................................................................................
Cash on hand and in bank..................................................................
Furniture and fixtures .......................................................................
Interest, premium, fees and fines due and unpaid.......................
$50, 600
12, 380
14, 672
1,185
84
427
00
00
50
96
64
49
$79, 350 59
L IA B IL IT IE S
Due shareholders, d u e s .......................
Due shareholders, dividends credited.
Borrowed m o n e y ...................................
Undivided profits .................................
Guaranty f u n d .......................................
Suspense a cco u n ts.................................
Deposit for loan ...................................
Interest accrued ...................................
$62,516 47
5,778 28
6, 000 00
4,722
150
159
18
4
32
18
66
78
90
$79,350 5&
RECEIPTS
Cash on hand January 1, 1920..........................................................
. Dues credited to members....................................................................
P rior mortgages ...................................................................................
Money borrowed ...................................................................................
Mortgages redeemed, foreclosed or transferred to real esta te..
Loans on shares repaid.........................................................................
Fines received .......................................................................................
Interest received ...............................................................................
Dividends retained on withdrawals..................................................
$2, 344
27,744
1, 750
6, 000
9,450
9, 815
131
3, 657
92
82
24
00
00
00
00
44
91
51
233
N e w Y ork C o u n ty
Special d e p o s its ....................................................................................
Suspense a cco u n ts................................................................................
Deposits for loans ......................
S u n dries..................................................................................................
$50
20
06
34
00
00
25
60
$61,186 77
DISBURSEMENTS
Loaned on m o rtg a g e ............................................................................
Loaned on s h a r e s .................................................................................
Dues repaid on withdrawal, or applied on loans.........................
Dividends paid on withdrawal, or applied on loans.....................
Cash dividends paid on income and accumulative prepaid
shares .................................................................................................
Paid borrowed money and prior mortgages...................................
Paid interest on borrowed money and prior mortgages............
Paid salaries and clerk-hire ............................................................
Paid advertising, printing and postage...........................................
Paid banking department, assessment...........................................
Officers’ bonds .......................................................................................
Metropolitan and State League dues.......................... ....................
A p p ra isa ls...........................................................................
Safe deposit vault ..............................................................................
Directors’ f e e s ......................................................................................
Deposits for loans refunded................................................................
Expenses “ Own Your Own H ouse” exposition.............................
Special d e p o s its ....................................................................................
Legal f e e s ............................................................................
S u n dries..................................................................................................
Cash on hand December 31, 1920......................................................
$24, 600
14,448
12, 702
890
00
00
42
80
154
6, 450
199
100
27
2
25
47
54
17
103
78
15
50
25
8
1,185
72
00
93
00
90
92
00
80
71
50
00
02
00
00
00
09
96
$61,186 77
Plan, permanent. Par value of shares, $200. Instalments are 25 cents
weekly.
Shares in force January 1, 1920, 1,502; shares issued during the year, 1,882;
shares withdrawn during the year, 951; shares in force, 2,433. Borrowing
members, 79, holding 706 shares; non-borrowing members, 176, holding 1,727
shares. Female shareholders, 51, holding 257 shares. Total dividends cred
ited members during the year on instalment shares, $1,905.50; rate, 4y2 per
cent. Total dividends credited or paid in cash to members during the year
on other shares, $397.29; rate, 3.6 per cent.
N o unpaid withdrawals. Operating expenses, as defined in section 390 ol
the Banking Law, incurred and paid during the year, $395.92.
N o premium plan. Interest paid by borrowing members, 6 per cent. No
premium charged.
Loans have been made in Kings, Queens, Nassau, Richmond and W est
chester counties, New York State, and in New Jersey. Largest mortgage loan
outstanding, $6,800. Mortgages in force in New York State, $34,100. One
foreclosure during the year.
TEACHERS’ BUILDING AND LOAN ASSOCIATION OF N E W YORK CITY
No. 405 Lexington avenue, New Y ork, N. Y .
[Organized under Law o f 1851.
Officers
President....................
Secretary...................
Treasurer-Attorney.
Commenced business 1888]
Names
JOHN F. W ATERS..........................
JOSEPH C. COOPER.......................
MAXWELL HALL ELLIO TT.........
Post-office addresses
Bennington, Vermont.
405 Lexington Avenue.
277 Broadway.
234
R eport on Savings and L oan
A s s o c ia t io n s
assets
Loans on bond and mortgage..............................................................
Loans on shares ...................................................... ‘ ...........................
Stocks and bonds .................................................................................
Cash on hand and in bank..................................................................
Mortgage assumed by purchaser......................................................
$287, 023'
11,231
62,174
23,544
50,000
98
00
29
65
00
$433,973 92
LIABILITIES
Due shareholders, dues .......................................................................
Due shareholders, dividends credited...............................................
Due shareholders, matured shares....................................................
Prior mortgages ...................................................................................
Undivided profits .................................................................................
Guaranty fund ..............................................................................
Dividends unpaid .................................................................................
Suspense account . ...............................................................................
$275,990
50,421
33, 258
50,000
7, 083
16,256
299
664
00
56
80
00
19
44
28
65
$433,973 92
RECEIPTS
Cash on hand January 1, 1920..........................................................
Dues credited to members..................................................................
Mortgages redeemed, foreclosed or transferred to real esta te..
Loans on shares repaid........................................................................
Fees received .........................................................................................
Fines r e ce iv e d .......................................................................................
Interest received ...................................................................................
Premium re ce iv e d .....................................................................
Bent re ce iv e d .........................................................................................
Dividends retained on withdrawals..................................................
Suspense a cco u n t...................................................................................
Profit and l o s s .................................................
S u n d ries..................................................................................................
$33,463
61,259
24,296
4 ,2 29
66
2
21,530
122
169
398
48
25
32
60
00
66
00
00
02
69
40
72
00
00
13
10
$145,642 32
DISBURSEMENTS
Loaned on m ortg a g e............................................................................
Loaned on shares
.............................................................................
Dues repaid on withdrawal, or applied on loans...........................
Dividends paid on withdrawal, or applied on lo a n s ..................
Cash dividends paid on income and accumulative prepaid
shares .................................................................................................
Paid matured shares ..........................................................................
Paid salaries and clerk -h ire..............................................................
Paid advertising, printing and postage.........................................
Paid rent ................
Paid repairs to real estate................................................................
Paid taxes, insurance, e tc ..................................................................
Paid banking department, exam in ation .........................................
Paid banking department, assessm ent...........................................
Cost of s e w e r .......... ..............................................................................
Liberty loan b o n d s ..............................................................................
Interest accrued on bonds..................................................................
A u d it o rs ....................................
Real estate expenses............................................................................
Legal exp en ses......................................................................................
Office ex p en ses........ ..............................................................................
Cash on hand flecember 31, 1920......................................................
$6, 806
5, 955
32, 756
7,081
50
00
00
44
582 00
23, 835 60
2, 302 00
139 56
595 01
4 68
45 28
52 00
12 69
449 80
40, 692 87
511 51
70 00
38 85
50 00
, 1,16 88
23, 544 65
$145, 642 32
235
N ew Y ork County
Plan, serial. Par value of shares, $200. Instalments are $1 monthly.
Shares in force January 1, 1920, 3,605; shares issued during the year, 617;
shares withdrawn during the year, 639; shares in force, 3,583. Borrowing
members, 30, holding 197 shares; non-borrowing members, 637, holding 3,386
shares. Female shareholders, 604, holding 3,160 shares. Total dividends
credited members during the year on instalment shares, $12,861.90; rate, 4
per cent. Total dividends credited or paid in cash to members during the
year on other shares, $642; rate, 4 per cent.
No unpaid withdrawals. Amount of shares matured during the year,
$20,822.54. Membership fee, $1. Operating expenses, as defined in section
390 of the Banking Law, incurred and paid during the year, $3,273.45.
Premium plan, instalment. Interest paid by borrowing members, 6 per
cent. No premium charged.
Loans have been made in New York, Kings, Queens, Bronx and West
chester counties, New York State, and in New Jersey. Largest mortgage loan
outstanding, $25,500. Mortgages in force in New York State, $228,384.90.
One foreclosure during the year.
TEACHERS’ CO-OPERATIVE BUILDING AND LOAN ASSOCIATION 0 1
TH E CITY OP N E W YORK
No. 166 East Sixtieth street, New Y ork, N. Y .
[Organized under Law of 1851.
Officers
President.
Secretary.
Treasurer
Attorney.
Commenced business 18881
Names
JOSEPH G. FUREY.........
CH ARLES T. S E A M A N ...
JOHN R. ROSS...................
F. C. LEURUSCHER___
Post-office addresses
3035 Ocean Ave., Brooklyn.
Quaker Ridge, New Rochelle.
375 E. Fordham Road, Bronx.
258 Broadway.
ASSETS
Loans on bond and m ortgage............................................................
Loans on shares ...................................................................................
Cash on hand and in bank.............................................................. .. .
Furniture and fix tu re s........................................................................
Advances for taxes, insurance, etc....................................................
$117,770
750
1, 860
150
26
00
00
43
00
40
$120,556 83
LIAB ILITIES
Due shareholders, dues ....................
Due shareholders, dividends credited...............................................
Due shareholders, matured shares......................................... ; . . . .
Balance to be paid borrowers on mortgage loans.........................
Borrowed money ..................................................................................
Undivided profits .................................................................................
Guaranty f u n d ......................................................................................
Suspense account .................................................................................
$66,015
13,189
10, 824
5, 900
14, 960
772
8, 800
96
00
71
00
00
00
12
00
00
$120, 556 83
R E C E IP T S
Cash on hand January 1, 1920..........................................................
Dues credited to members.............. ...................................................
Money borrowed ...................................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares repaid........................................................................
Fees received .........................................................................................
Fines received .......................................................................................
$11, 131
14, 190
9,200
12,600
3, 825
35
11
79
00
00
00
00
75
91
236
R eport on Savings and L oan A ssociations
Interest received ..................................................................................
Premium received .................................................................................
Dividends retained on withdrawals..................................................
Advances repaid ..................................................................„ ..............
Real estate co n tra ct............................................................................
Dividend account ...................................................................... ..
$5, 437
21
401
99
3, 980
4, 045
36
96
56
75
00
44
$64, 980 52
D ISB U R SE M E N T S
Loaned on m ortg a g e............................................................................
Loaned on shares .................................................................................
Dues repaid on withdrawal, or applied on loans.........................
Dividends paid on withdrawal, or applied on loans...................
Paid matured shares ...........................................................................
Paid borrowed money and prior mortgages...................................
Paid interest on borrowed money and prior m ortgages.............
Paid salaries and clerk-hire ............................................................
Paid advertising, printing and postage.........................................
Paid ren t.................................................................................................
Paid banking department, exam in ation .........................................
Paid banking department, assessm ent...........................................
Advances for taxes, insurance, etc...................................................
Legal expenses..................
Dividend account .................................................................................
S u n dries..................................................................................................
Cash on hand December 31, 1920....................................... ,.............
$17, 700
1,250
12, 347
1,986
10,193
13, 300
885
949
43
200
22
5
99
25
4, 038
72
1,860
00
00
00
60
37
00
62
99
70
00
50
10
75
00
64
82
43
$64,980 52
Plan, serial. Par value of shares, $200. Instalments are $1 monthly.
Shares in force January 1, 1920, 1,141; shares issued during the year, 367;
shares withdrawn during the year, 224; shares in force, 1,284. Borrowing
members, 31, holding 353 shares; non-borrowing members, 172, holding 931
shares. Female shareholders, 165, holding 908 shares. Total dividends cred
ited members during the year on instalment shares, $4,045.44; rate, 5 per
cent.
N o unpaid withdrawals. Amount of shares matured during the year,
$9,665.37. Membership fee, $1. Entrance fee, 25 cents per share. Operating
expenses, as defined in section 390 of the Banking Law, incurred and paid
during the year, $1,271.61.
Premium plan, instalment. Interest paid by borrowing members, 5 per
cent, and 6 per cent. Premium paid by borrowing members, 25 cents per
share.
Loans have been made in New York, Kings, Queens and Westchester coun
ties, New York State, and in New Jersey. Largest mortgage loan outstand
ing, $16,480. Mortgages in force in New York State, $103,470. No fore
closures during the year.
UNION SQUARE PERM ANENT CO-OPERATIVE BUILDING AND LOAN
ASSOCIATION
M etropolitan B uilding, No. 1 M adison avenue, New Y ork, N. Y .
[Organized under Law o f 1861.
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney......................
Commenced business 1888]
Names
JOHN W. GRIMMER......................
JOHN A. ENGLERT.......................
GEORGE S. LANGDON...................
WILLIAM LANGDON............. . . .
Post-office addresses
306 East 40th Street
1 Madison Avenue.
1 Madison Avenue.
2 Rector Street
N ew Y ork County
237
ASSETS
Loans on bond and mortgage.............................................................
Cash on hand and in bank..................................................................
Furniture and fix tu res........................................................................
$57, 500 00
3, 540 07
250 00
$61,200 07
LIABILITIES
Due shareholders, dues ......................................................................
Due shareholders, dividends credited...............................................
Balance to be paid borrowers on mortgage loans.........................
Undivided profits .................................................................................
Guaranty fu n d ......................................................................................................................
$47, 231
6, 811
3, 800
1, 765
1 , 681
87
20
00
12
88
$61, 200 07
RECEIPTS
Cash on hand January 1, 1020..........................................................
Dues credited to members............................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Interest r e ce iv e d ..................................................................................
Premium r e ce iv e d ..........................................................................
Rent r e ce iv e d ........................................................................................
Advances repaid ...................................................................................
A p p ra isa ls..............................................................................................
$6, 542
22, 576
14,150
2, 842
1,176
120
15
128
63
02
00
12
56
00
00
12
$47, 550 45
DISBURSEMENTS
Loaned on m ortg a g e............................................................................
Dues repaid on withdrawal, or applied on loans.........................
Dividends paid on withdrawal, .or applied on loans.....................
Cash dividends paid on income and accumulative prepaid
shares .................................................................................................
Paid salaries and clerk-h ire........................
Paid advertising, printing and p o s ta g e .......................................
Paid rent ...............................................................................................
Paid banking department, exam ination .........................................
Paid banking department, assessm ent...........................................
Officers’ bonds .......................................................................................
Advances for taxes, insurance, etc....................................................
Appraisal costs advanced....................................................................
S u n dries..............................................................
Cash on hand December 31, 1920.. . ................................................
$21, 000 00
18,520 42
2, 427 43
992 50
460 00
55 74
408 36
11 25
270
10 00
15 00
74 22
23 76
3, 540 01
$47, 550 45
Plan, permanent. Par value of shares, $200. Instalments are $1 monthly.
Shares in force January 1, 1920, 771; shares issued during the year, 247;
shares withdrawn during the year, 118; shares in force, 900. Borrowing
members, 25, holding 285 shares; non-borrowing members, 141, holding 615
shares. Female shareholders, 51, holding 208 shares. Total dividends cred
ited members during the year on instalment shares, $1,453.79; rate, 5 per
cent. Total dividends credited or paid in cash to members during the year on
other shares, $992.50; rate, 5 per cent.
No unpaid withdrawals. Operating expenses, as defined in section 390 of
the Banking Law, incurred and paid during the year, $957.86.
Premium olan. premium-interest. Interest paid by borrowing members, 5
per cent. Premium paid by borrowing members, 40 cents per share per
month.
238
R eport on Savings and L oan A ssociations
Loans have been made in New York, Bangs, Queens and Westchester coun
ties, State of New York, and in New Jersey. Largest mortgage loan outstand
ing, $6,000. Mortgages in force in New York State, $50,250. No foreclosures
during the year.
W EST END CO-OPERATIVE BUILDING AND LOAN ASSOCIATION
(Permanent)
No. 265 W est 125th street, New York, N. Y.
[Organized under Law o f 1851.
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................
Commenced business 1887]
Names
FREDERICK HULBERG...................
PH ILIP E. DOLAN.............................
FREDERICK HULBERG..................
H. D. HOLDEN....................................
Post-office addresses
265
West 125th Street.
40
Wall Street.
265
West125th Street.
273
W. 125th Street.
ASSETS
Loans on bond and mortgage............................................................
Contracts for the sale o f real estate................................................
Real e s t a t e ........................... .................................................................
Cash on hand and in bank................................... ..............................
Furniture and fixtures .......................................................................
$375
10, 000
500
498
125
00
00
00
93
00
$11,498 93
LIABILITIES
Due shareholders, dues .......................................................................
Due shareholders, matured shares....................................................
Undivided profits .................................................................................
$9, 930 00
1,500 00
68 93
$11,498 93
RECEIPTS
Cash on hand January 1,1920............................................................
Dues credited to members..................................................................
Real estate sold ...................................................................................
Interest received ..................................................................................
Premium received .................................................................................
Rent r e ce iv e d .........................................................................................
$676
63
3, 250
137
15
480
29
06
00
00
48
00
$4,621 83
DISBURSEMENTS
Paid borrowed money and prior mortgages.................................
Paid interest on borrowed money and prior mortgages.............
Paid repairs to real estate..................................................................
Paid taxes, insurance, etc............................. !....................................
Paid banking department, exam ination .........................................
Paid banking department, assessm ent...........................................
Commission on sale of real estate....................................................
Legal expen ses......................................................................................
Cash on hand December 31, 1920......................................................
$3,500 00
170 49
77 59
160 59
975
1 48
150 00
53 00
498 93
$4,621 83
Plan, permanent. Par value of shares, $100 and $250. Instalments are 25
cents weekly.
Shares in force January 1, 1920, 143% ; shares issued during the year,
none; shares withdrawn during the year, none; shares in force, 143%. Bor
239
N ew Y ork -C ounty
rowing members, 1, holding 1*4 shares; non-borrowing members, 21, holding
142 shares. Female shareholders, 7, holding 37 shares.
Amount of filed and unpaid withdrawals December 31, 1920, $11,175'. 78.
Operating expenses, as defined in section 390 of the Banking Law, incurred
and paid during the year, $1.48.
Premium plan, instalment. Interest paid by borrowing members, 5 per
cent, and 6 per cent. Premium paid by borrowing members, 2 per cent.
Loans have been made in Bronx county, New York State. Largest mort
gage loan outstanding, $375. Mortgages in force in New York State, $375.
No foreclosures during the year.
W EST SIDE MUTUAL BUILDING, LOAN AND SAVING ASSOCIATION OF
THE CITY OF NEW YORK
No. 267 West Thirty-fourth street, New York, N. Y.
[Organized under Law o f 1861.
Officers
President.
Secretary.
Treasurer
Attorney.
Commenced business 188®]
Names
LOUIS NEWMANN .............
ELDRIDGE N. SM ITH........
HENRY W. L E IN .................
HUGO H. RITTERBUSCH..
Post-office addresses
96 Carmella Ave., Rutherford, N. J.
Lynbrook, N. Y.
425 W. 43d Street.
80 Maiden Lane.
ASSETS
Loans on bond and mortgage.............................................................
Stocks and bonds .................................................................................
Contracts for the sale of real estate................................................
Cash on hand and in b a n k .
........................................................
Interest a ccru ed ........................ ...........................................................
$247, 700
3,916
2, 034
2, 896
2
00
45
05
50
00
$256,549 09
LIABILITIES
Due shareholders, dues and dividends credited.............................
Due shareholders, matured shares....................................................
Borrowed money ...................................................................................
Undivided profits .................................................................................
Guaranty f u n d ......................................................................................
$227, 198
1,682
9, 000
12, 352
6, 315
34
83
00
29
63
$256,549 09
RECEIPTS
Cash on hand January 1, 1920..........................................................
Dues credited to members..................................................................
Money borrowed ...................................................................................
Mortgages redeemed, foreclosed or transferred to real esta te..
Beal estate sold ...................................................................................
Fines received .......................................................................................
Interest received ..................................................................................
Premium rece iv e d ................................................................................
$5,638
99,428
62, 700
19, 700
117
78
11,942
3, 442
27
56
00
00
37
06
43
31
$203, 047 00
DISBURSEMENTS
Loaned on m ortg a g e............................................................................
Dues and dividends paid on withdrawal, or applied on loans. .
Cash dividends paid on income and accumulative prepaid
sh a re s...................................................................................................
Paid borrowed money and prior mortgages...................................
$75, 000 00
57, 050 93
2,122 68
63, 700 00
240
R eport
on
Sayings
L oan A ssociations
and
Paid interest on borrowed money and prior mortgages.............
Paid salaries and clerk-h ire..............................................................
Paid advertising, printing and postage..........................................
Paid rent ...............................................................................................
Paid banking department, exam ination .........................................
Paid banking department, assessm ent...........................................
Officers’ bond3 ................
State League d u e s ........................
Holdup insurance .................................................................................
Legal serv ices.........................................................................................
Cash on hand December 31, 1920............................. . ......................
$872 47
655 00
15066
250 00
22 50
7 52
4 00
18 00
17 44
273 21
2, 896 59
$203,047 00
Plan, permanent. Par value o f shares, $100 and $200. Instalments are 25
cents weekly.
Shares in force January 1, 1920, 4,671; shares issued during the year, 2,422;
shares withdrawn during the year, 760; shares in force, 6,333. Borrowing
members, 75, holding 2,413 shares; non-borrowing members, 201, holding
3,920 shares. Female shareholders, 170, holding 3,092 shares. Total divi
dends credited members during the year on instalment shares, $7,452.22; rate,
6 per cent. Total dividends credited or paid in cash to members during the
year on other shares, $2,122.08; rate, 5 per cent.
No unpaid withdrawals. Amount of shares matured during the year,
$96.59. Operating expenses, as defined in section 390 of the Banking Law,
incurred and paid during the year, $1,101.10.
Premium plan, instalment. Interest paid by borrowing members, 10 cents
per share per week. Premium paid by borrowing members, 3 cents per share
per week.
Loans have been made in New York, Kings, Queens, Westchester, Richmond
and Nassau counties, New York State, and in New Jersey. Largest mortgage
loan outstanding, $11,800. Mortgages in force in New York State, $109,650.
No foreclosures during the year.
NIAGARA COUNTY
HOME CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION
No. 94 Webster street, North Tonawanda, N. Y .
[Organized under Law of 1909.
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney......................
Commenced business 1911]
Names
F. A. McCOY...................................
EDWARD W. MESSING...............
GEORGE E. SCHNELL..............
D. G. O’D AY...................................
Post-office addresses
North Tonawanda, N. Y.
North Tonawanda, N. Y.
Tonawanda, N. Y.
Tonawanda, N. Y.
ASSETS
Loans on bond and m ortgage............................................................
Stocks and bonds .................................................................................
Gash on hand and in bank................................................................
$155,220 00
700 00
5,354 08
$161,274 08
N iagara C ounty
241
LIABILITIES
Due shareholders, dues .....................................................................
Due shareholders,dividends credited................................................
Borrowed money
..........................................................................
Undivided profits
...........................................................................
Guaranty fund .................................................
Suspense account
......
$120,025
15,565
22,020
876
2,725
62
00
85
00
23
00
00
$161,274 08
RECEIPTS
Cash on hand January 1, 1920..............
Dues credited to members..................................................................
Money borrowed ...........................................
Mortgages redeemed, foreclosed or transferred to real esta te..
Fees received .........................................................................................
Fines received .......................................................................................
Interest received .................................................................................
Premiums received ......................
Dividends retained on withdrawals................................................
Suspense account .................................................................................
$1,159 12
63,957 50
19,500 00
24,600 00
1,010 75
172 08
8,224 67
1,072 60
583 81
50 00
$120,330 53
DISBURSEMENTS
Loaned on m ortgage............................................................................
Dues repaid on withdrawal, or applied on loans.........................
Dividends paid on withdrawal, or applied on loans.....................
Paid matured shares............................................................................
Paid borrowed money and prior m ortgages.................................
Paid interest on borrowed money and prior mortgages.............
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage...........................................
Paid banking department, assessment............................................
Officers’ bonds and burglary insurance...........................................
Adding machine.....................................................................................
Sundries .................................................................................................
Cash on hand December 31, 1920.....................................................
$60,740 00
20,369 75
„1,460 97
18,093 00
11,600 00
850 88
780 00
436 09
481
36 37
269 50
335 08
5,354 08
$120,330 53
Plan, serial. Par value of shares, $130. Instalments are 25 cents weekly.
Shares in force January 1, 1920, 2,978; shares issued during the year,
4,037; shares withdrawn during the year, 1,616; shares in force, 5,399.
Borrowing members, 97, holding 1,198 shares; non-borrowing members, 507,
holding 4,201 shares. Female shareholders, 145, holding 967 shares. Total
dividends credited members during the year on instalment shares, $7,081.92;
rate, 8 per cent.
No unpaid withdrawals. Amount of shares matured during the year,
$18,093. Entrance fee, 25 cents per share. Operating expenses, as defined
in section 390 of the Banking Law, incurred and paid during the year,
$1,579.54.
Premium plan, instalment. Interest paid by borrowing members, 6 per
cent. Premium paid by borrowing members, 2 cents per week.
Loans have been made in Erie and Niagara counties, New York State.
Largest mortgage loan outstanding, $12,090. Mortgages in force in New York
State, $155,220. No foreclosures during the year.
24:2
R eport
on
Savings
L oan A ssociations
and
LOCKPORT SAVING AND LOAN ASSOCIATION
No. 18-20 Market street, Lockport, N. Y.
[Organized under Law o f 1851.
Officers
President...................
Secretary.....................
Treasurer...................
Attorney.....................
Commenced business 1888]
Names
J. WILLIAM DALY___
MARE J. TOVELL____
J. WALTER DUNCAN
CHARLES C. Db LUDE
Post-office addresses
Lockport, N. Y.
Lockport, N. Y.
Lockport, N. Y.
Lockport, N. Y.
ASSETS
Loans on bond and m ortgage...........................................................
Loans on shares.....................................................................................
Stocks and bonds.................................................................................
Cash on hand and in bank................................................................
Furniture and fixtures........................................................................
Advances lor taxes, insurance, etc......................... ..........................
$238,130
4,420
9,000
3,212
125
67
00
00
00
41
00
00
$254,954 41
LIABILITIES
Due shareholders, dues........................................................................
Due shareholders, dividends credited..............................................
Borrowed money................
Undivided profits..................................................................................
Guaranty fund........................................................................................
Suspense account...................................................................................
$191,863
29,985
21,000
1,761
10,250
94
25
35
00
23
00
58
$254,954 41
RECEIPTS
Cash on hand January 1, 1920........................................................
Dues credited to m em bers................................................................
Money borrowed.....................................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares repaid........................................................................
Fees received.........................................................................................
Fines r e ce iv e d .....................................................................................
Interest received...................................................................................
Premium received.................................................................................
Dividends retained on withdrawals..................................................
$745
71,263
30,000
45,500
1,950
461
181
14,032
868
523
61
25
00
00
00
00
28
69
32
95
$165,526 10
DISBURSEMENTS
Loaned on mortgage....................................................................
Loaned on shares...................................................................................
Dues repaid on withdrawal, or applied on loans...........................
Dividends paid on withdrawal, or applied on loans. ._................
Paid matured shares............................................................................
Paid borrowed money and prior mortgages.................................
Paid interest on borrowed money and prior mortgages............
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage..........................................
Paid rent.................................................................................................
Paid banking department, assessment...........................................
Advances for taxes, insurance, etc..................................................
State League dues.................................................................................
Sundries .................................................................................................
Cash on hand December 31, 1920......................................................
$68,250
1,560
25,147
3,207
34,060
27,500
1,025
1,062
290
120
8
67
6
10
3,212
00
00
00
25
00
00
30
50
40
00
24
00
00
00
41
$ 1 6 5 ,5 2 6 10
243
N iagara. C ounty
Plan, serial. Par value o f shares, $130. Instalments are 25 cents weekly.
{Shares in force January 1, 1920, 4,934; shares issued during the year,
1,844; shares withdrawn during the year, 1,291; shares in force, 5,497.
Borrowing members, 204, holding 1,977 shares; non-borrowing members, 526,
holding 3,510 shares. Female shareholders, 313, holding 1,666 shares. Total
dividends credited members during the year on instalment shares, $12,749.35;
rate, 6 per cent.
No unpaid withdrawals. Amount of shares matured during the year,
$34,060. Entrance fee, 25 cents per share. Operating expenses, as defined in
section 390 of the Banking Law, incurred and paid during the year, $1,488.90.
Premium plan, instalment. Interest paid by borrowing members, 6 per
cent. Premium paid by borrowing members, 1 cent per share per week.
Loans have been made in Niagara county, New York State. Largest mort
gage loan outstanding, $7,800. Mortgages in force in. New York State,
$238,130. No foreclosures during the year.
THE NIAGARA PERMANENT SAVINGS AND LOAN ASSOCIATION
No. 311 Falls street, Niagara Falls, N. Y.
[Organized under Law o f 1851.
Commenced business 1887]
Officers
Names
President..................... ANN E. R A E .....................
Secretary & Treasurer FRED H. KRULL.........
Attorneys..................... CARY & W A L L A C E ...
Post-office addresses
Niagara Falls, N. Y.
Niagara Falls, N. Y.
Niagara Falls, N. Y.
ASSETS
Loans on bond and mortgage...........................
Loans on shares..................................................
Stocks and bonds................................................
Shares of Land Bank of State of New York
Real estate............................................................
Cash on hand and in bank...............................
Advances for taxes, insurance, e tc .................
$5,112,966
245,488
58,508
3,000
39,000
100,450
684
78
00
00
00
00
96
90
$5,560,098 64
LIABILITIES
Due shareholders, dues..................................................................... $4,794,875 64
Due shareholders,dividends credited................................................
392,446 20
Borrowed money....................................................................................
70,000 00
Undivided profits..................................................................................
132,776 80
Guaranty fu n d.......................................................................................
170,000 00
$5,560,098 64
RECEIPTS
Cash on hand January 1, 1920.........................................................
Dues credited to members..................................................................
Money borrowed....................................................................................
Mortgages redeemed, foreclosed or transferred to real estate. .
Loans on shares repaid........................................................................
Fees received........................................................................................
Fines received.......................................................................................
Interest received...................................................................................
Premium received.................................................................................
Rent received.........................................................................................
Dividends retained on withdrawals..................................................
Advances repaid....................................................................................
Real estate contract.............................................................................
$51,136
2,054,914
55,000
556,478
697,354
642
47
297,326
21,506
3,100
4,338
162
2,700
91
41
00
07
00
75
10
05
34
00
22
46
00
$3,744,706 31
244
R eport
on
Savings
and
L oan A ssociations
DISBURSEMENTS
Loaned on m ortgage............................................................................. $1,361,800 00
Loaned on shares.................................................................................
754,380 00
Dues repaid on withdrawal, or applied on loans.........................
861,408 27
Dividends paid on withdrawal, or applied on loans...................
19,252 92
Cash dividends paid on income and accumulative prepaid
shares ..................................................................
105,711 99
Paid matured shares..........................................................................
384,364 06
Paid borrowed money and prior mortgages.................................
120,000 00
Paid interest on borrowed money and prior mortgages.............
5,557 83
Paid salaries and clerk-hire..............................................................
21,352 00
Paid advertising, printing and postage.........................................
3,649 29
Paid rent and supplies........................................................................
2,438 58
Paid taxes, insurance, e tc..................................................................
1,238 97
Paid banking department, examination.........................................
287 30
Paid banking department, assessment............................................
147 44
248 32
Advances for taxes, insurance, etc...................................................
Coal ........................................................................................................
418 38
Land Bank investment.......... ..............................................................
2,000 00
Cash on hand December 31, 1920....................................................
100,450 96
$3,744,706 31
Plan, permanent. P ar value o f shares, $130. Instalments are 25 cents
weekly.
Shares in force January 1, 1920, 94,457; shares issued during the year,
47,474; shares withdrawn during the year, 18,355; shares in force, 123,576.
Borrowing members, 2,166, holding 47,354 shares; non-borrowing members,
8,707, holding 76,222 shares. Female shareholders, 4,409, holding 33,288
shares. Total dividends credited members during the year on instalment
shares, $139,041.75; rate, 6 per cent. Total dividends credited or paid in
cash to members during the year on other shares, $105,620.40; rate, 4% per
cent and 5 per cent.
No unpaid withdrawals. Amount of shares matured during the year,
$384,364.06. Membership fee, $1. Entrance fee, 25 cents per share. Operating
expenses, as defined in section 390 o f the Banking Law, incurred and paid
during the year, $27,858.25.
Premium plan, instalment. Interest paid by borrowing members, 6 per
cent. Premium paid by borrowing members, 2 cents per share.
Loans have been made in Niagara county, New Y ork State. Largest mort
gage loan outstanding, $24,736. Mortgages in force in New York State,
$5,112,966.78. No foreclosures during the year.
ONEIDA COUNTY
CORNHILL BUILDING AND LOAN ASSOCIATION
No. 230 South street, Utica, N. Y.
[Organized under Law o f 1851.
Officers
President.
Secretary.
Treasurer.
Attorney.
Commenced business 1891]
Names
GEORGE H. JONES'...............
OWEN F. LUKER.................
CHARLES W. BUSHINGER,
HERBERT D. PITCHER-------
Post-office addresses
Utica, N. Y.
Utica, N. Y.
Utica, N. Y.
Utica, N. Y.
O neida C ounty
M5
ASSETS
Loans on bond and mortgage............................................................
Loans on shares................................... ................................................
Cash on hand and in bank................................................................
Interest, premium, fees and fines due and unpaid......................
$663,111
12,995
1,758
833
00
00
45
89
Installments due and u n p a id ...........................................$1,408 00
$678,698 34
LIABILITIES
Due shareholders, dues........................................................................
Due shareholders, dividends credited..............................................
Balance to be paid borrowers on mortgage loans.........................
Borrowed m oney...................................................................................
Undivided profit....................................................................................
Guaranty fu nd.......................................................................................
Interest on borrowed m oney..............................................................
$510,261
105,215
1,000
24,896
18,093
18,392
838
50
42
00
22
61
76
83
$678,698 34
RECEIPTS
Cash on hand January 1, 1920........................................................
Dues credited to .members................................................................
Money borrowed.....................................................................................
Mortgages redeemed, foreclosed or transferred to real esta te..
Loans on shares repaid......................................................................
Fees received.........................................................................................
Fines received........................................................................................
Interest received....................................................................................
Premium received.................................................................................
Dividends retained on withdrawals.................................................
Liberty loan bonds........ ......................................................................
Mortgage ta x ..................................
$2,878 51
121,538 00
154,918 80
83,014 00
9,090 00
266 00
470 44
27,927 18
11,968 79
273 79
10,500 00
345 63
$423,191 14
DISBURSEMENTS
Loaned on mortgage................................................................
Loaned on shares..............
Dues repaid on withdrawal, or applied on loans.........................
Dividends paid on withdrawal, or applied on loans.......... .........
Cash dividends paid on income and accumulative prepaid
shares .......................................................... ......................................
Paid matured shares ........................................................................
Paid borrowed money and prior mortgages...................................
Paid interest on borrowed money and prior mortgages.............
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage.......................................
Paid banking department, e x a m in a tio n ......................................
Paid banking department, assessment .........................................
Officers’ b o n d s ................................................................................
Loss on Liberty bonds sold........................... t ..................................
Auditors and trustees ......................................................................
Mortgage tax ..........................
Revenue stamps ...................................................................................
Sundries .................................................................................................
Cash on hand December 31, 1920....................................................
$154,700
8,365
60,823
10,994
00
00
50
84
1,603
22,000
156,422
2,347
1,500
373
72
20
8
1,206
181
768
31
13
1,758
66
00
58
33
00
83
24
53
00
86
00
50
82
00
45
$ 4 2 3 ,1 9 1 14
246
R eport
on
Savings
and
L oan A ssociations
Plan, serial. Par value of shares, $100. Instalments are 50 cents monthly.
Shares in force January 1, 1920, 16,537; shares issued during the year,
5,093; shares withdrawn during the year, 2,041; shares in force, 19,589.
Borrowing members, 457, holding 6,474 shares; non-borrowing members, 686,
holding 13,115 shares. Female shareholders, 467, holding 7,212 shares. Totai
dividends credited members during the year on instalment shares, $30,148.40;
rate, 6 per cent. Total dividends credited or paid in cash to members during
the year on other shares, $1,543.50; rate, 4% per cent.
No unpaid withdrawals. Amount of shares matured during the year,
$22,000. Membership fee, $1. Operating expenses, as defined in section 390
o f the Banking Law, incurred and paid during the year, $2,075.83.
Premium plan, instalment. Interest paid by borrowing members, 4ys per
cent. Premium paid by borrowing members, 1 4 /5 per cent.
Loans have been made in Oneida county, New York State. Largest mort
gage loan outstanding, $6,000. Mortgages in force in New York State,
$662,111. No foreclosures during the year.
THE HOMESTEAD AID ASSOCIATION OF UTICA
No. 516 Seneca street, Utica, N. Y.
[Organized under Law of 1851.
Commenced business 1884]
Officers
Names
President..................... WATSON T. DUNMORB........................
Secretary..................... SHERWOOD S. CURRAN......................
Treasurer........... i . . .
CHARLES B. ROGERS.........................
Attorney...................... WATSON T. DUNMORB........................
ASSETS
Loans on bond and m ortgage.......................................
Loans on shares ............................................................
Stocks and bonds ..........................................................
Real estate ......................................................................
Cash on hand and in bank.........................................
Interest, premium, fees and fines due and unpaid
Advances for taxes, insurance, etc.............................
Interest accrued on mortgages...................................
Interest accrued on Liberty bonds...........................
Tax on mortgages ........................................................
Post-office addresses
518 Seneca Street.
516 Seneca Street.
First National Bank.
518 Seneca Street.
$4,255,747
182,320
20,138
20,000
10,457
2,554
1,246
704
207
168
00
00
86
00
57
43
96
53
17
50
$4,493,545 02
LIABILITIES
Due shareholders, dues ...................................................................... $3,265,701 00
Due shareholders, dividends credited.............................................
664,949 29
Due shareholders, matured shares..................................
4,117 44
Balance to be paid borrowers on mortgage loans.........................
13,533 00
Borrowed m o n e y ...................................................................................
383,710 64
Undivided profits ......................................... .'........................ ............
23,155 10
Guaranty fund ..........................
136,442 61
Unpaid bills .........................................................................................
268 10
Interest and premium prepaid ........................................................
139 61
Suspense account .................................................................................
586 44
National defense shares .....................................................................
494 72
Interest accrued on national defense shares...................................
60
Interest accrued on borrowed money..............................................
446 47
$4,493,545 02
Oneida County
RECEIPTS
Cash on hand January 1, 1920..........................................................
Dues credited to members ................................................................
Money borrowed ..................................................................................
Mortgages redeemed, foreclosed or transferred to real esta te..
Loans on shares repaid ....................................................................
Fees received .........................................................................................
Fines received .......................................................................................
Interest received .......... ■.....................................................................
Premium received ..............................................................................
.Rent received ..........................................
Dividends retained on withdrawals...................................................
Advances repaid ..................................................................................
National defense shares ....................................................................
Liberty loan b o n d s ..............................................................................
Appraisals .............................................................................................
Mortgage taxes ....................................................................................
Suspense account ................................................................................
Mortgage tax .......................................................................................
Sundries .................................................................................................
247
$44,107
688,668
694,786
551,168
100,493
1,044
1,163
217,566
3,447
600
2,252
155
2,911
18,250
141
1,347
361
24
5
74
00
32
24
00
00
27
28
46
00
53
30
28
00
00
50
50
50
00
$2,328,492 92
DISBURSEMENTS
Loaned on mortgage ..........................................................................
Loaned on shares .................................................................................
Dues repaid on withdrawal, or applied on loans.........................
Dividends paid on withdrawal, or applied on loans......................
Paid matured shares ..........................................................................
Paid borrowed money and prior mortgages.................................
Paid interest on borrowed money and prior mortgages.............
Paid salaries and clerk-hire ............................................................
Paid advertising, printing and postage .....................................
Paid repairs to real e s t a t e ................................................................
Paid taxes, insurance, etc...................................................................
Paid banking department, examination .....................................
Paid banking department, assessment ...........................................
Advances for taxes, insurance, e tc ....................................................
Mortgage taxes .....................................................................................
National defense shares ....................................................................
Dividends on suspense accounts ......................................................
Dividends on national defense shares...............................................
Appraisals .............................................................................................
Office expenses .. ■.........................................................
Cash on hand December 31, 1920....................................................
$662,015
113,585
343,693
66,124
380,179
706,035
20,915
5,668
2,204
51
931
240
140
156
3,325
10,-413
50
49
1,647
607
10,457
00
00
50
51
07
12
25
68
95
68
58
94
35
03
50
28
25
87
50
29
57
$2,328,492 92
Plan, serial. Par value of shares, $100 and $200. Instalments are 50 cents
and $1 monthly.
Shares in force January 1, 1920, 96,484; shares issued during the year,
24,659; shares withdrawn during the year, 13,357; shares in force, 107,786.
Borrowing members, 2,842, holding 47,663 shares; non-borrowing members,
3,435, holding 60,123 shares. Ffemale shareholders, 2,081, holding 36,647
shares. Total dividends credited members during the year on instalment
shares, $178,511.06; rate, 5 per cent. Total dividends credited or paid in
cash to members during the year on other shares, $49.87; rate 3% per cent.,
4% per cent, and 4% per cent.
No unpaid withdrawals. Amount of shares matured during the year,
$380,179.07. Membership fee, $1. Operating expenses, as defined in section
390 of the Banking Law, incurred and paid during the year, $10,128.42.
248
R eport
on
S ayings
L oan A ssociations
and
Operating expenses, as defined in section 390 of the Banking Law, incurred
during the year and remaining unpaid, $268.10.
Premium plan, instalment. Interest paid by borrowing members, 4% per
cent., 5 per cent, and 6 per cent. Premium paid by borrowing members, %
of 1 per cent.
Loans have been made in Oneida and Herkimer counties, New York State.
Largest mortgage loan outstanding, $65,000. Mortgages in force in New
Y ork State, $4,255,747. Two foreclosures during the year.
THE HOMESTEAD AID ASSOCIATION OF WHITESTOW N, N. Y .
Whitesboro, N. Y.
[Organized under Law o f 1892.
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney......................
Commenced business 1893]
Names
Post-office addresses
HENRY MILLER ...............................
Whitesboro,
N.Y.
JOHN H. HENRY....................................... Whitesboro,
N.Y.
CHARLES B. HAYNES............................
Whitesboro,
N.Y.
ADRIAN S. MALSAN................................. Whitesboro,
N.Y.
ASSETS
Loans on bond and m o r tg a g e .................................
Loans on shares ..........................................................
Cash on hand and in bank.......................................
Furniture and fixtures ..............................................
Interest, premium, fees and fines due and unpaid
$113,150
580
2,298
82
50
00
00
37
00
20
$116,160 57
LIABILITIES
Due shareholders, dues ....................................................................
Due shareholders, dividends credited ..........................................
Borrowed m o n e y ................................................................................ .
Undivided profits ...............................................................................
Guaranty fund .....................................................................................
$68,644 5b
27,554 43
17,159 37
859 86
1,942 36
$116,160 57
RECEIPTS
Cash on hand January 1, 1920..........................................................
Dues credited to members . . . . : ......................................................
Money borrowed ......................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Fees received .........................................................................................
Fines received .....................................................................................
Interest received .................................................................................
Premium received .................................
Dividends retained on withdrawals ................................................
$0
26,775
29,775
7,230
34
31
4,572
2,024
7
82
35
00
00
00
60
70
71
63
$70,451 81
DISBURSEMENTS
Loaned on mortgage ..........................................................................
Loaned on shares ........................................................ .......................
Dividends paid on withdrawal, or applied on loans...................
Cash dividends paid on income and accumulative prepaid
shares ..................................... ...........................................................
Paid matured shares ...........................................................................
Paid borrowed money and prior mortgages.................................
$19,230 00
250 00
10,491 69
702 40
1,892 77
33,675 00
249
O neida C ounty
Paid
Paid
Paid
Paid
Paid
Paid
Cash
interest on borrowed money and prior mortgages............
salaries and clerk-hire . . . 1.....................................................
advertising, printing and postage .......................................
taxes, insurance, etc...................................................................
banking department, examination.........................................
banking department, assessment .........................................
on hand December 31, 1920 ....................................................
$1,258
350
151
121
25
4
2,298
27
00
71
45
94
21
37
$70,451 81
Plan, serial. Par value of shares, $200. Instalments are $1 monthly.
Shares in force January 1, 1920, 1,423; shares issued during the year, 450;
shares withdrawn during the year, 92; shares in force, 1,782. Borrowing
members, 70, holding 596 shares; non-borrowing members, 138, holding 1,186
shares. Female shareholders, 88, holding 516 shares. Total dividends cred
ited members during the year on instalment shares, $4,749.90; rate, 6 per
cent.
No unpaid withdrawals. Amount of shares matured during the year,
$1,892.77. Membership fee, $1. Operating expenses, as defined in section
390 of the Banking Law, incurred and paid during the year, $501.71.
Premium plan, instalment. Interest paid borrowing members, 4% per cent.
Premium paid by borrowing members, 1% per cent.
• Loans have been made in Oneida county, New York State. Largest mort
gage loan outstanding, $5,000. Mortgages in force in New Y ork State,
$113,150. No foreclosures during the year.
ORISKANY FALLS CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION
Oriskany Falls, N. Y.
[Organized under Law of 1894.
Commenced business 1900]
Officers
Names
President.......................
HARRY
H. H ATH 1W AY ..
Secretary..................... BARTON M. VAN EVERA...............
Treasurer...................
BARTON M. VAN EVERA...............
Post-office addresses
Oriskany Falls, N. Y.
Oriskany Falls, N. Y.
Oriskany Falls, N. Y.
ASSETS
Loans on bond and mortgage .......................
Shares of Land Bank of State of New York
Cash on hand and in bank...............................
$46,100 00
1,000 00
531 42
$47,631 42
LIABILITIES
Due shareholders, dues ...................................................................
Due shareholders, dividends credited ..........................................
Borrowed money ..................................................................................
Undivided profits ...............................................................................
Guaranty fund .....................................................................................
$37,705
2,133
6,025
546
1,220
63
58
85
36
00
$47,631 42
RECEIPTS
Cash on hand January 1, 1920........................................................
Dues credited to m em bers..................................................................
Money borrowed ...................................................................................
Mortgages redeemed, foreclosed or transferred to real esta te..
Fees received .........................................................................................
$32
11,455
9,675
3,400
46
11
96
00
00
25
250
R eport
on
Savings
L oan A ssociations
and
Fines received .......................................................................................
Interest r e ce iv e d ...................................................................................
Land Bank dividend ..........................................................................
$15 74
2,324 90
40 00
$26,989 96
DISBURSEMENTS
Loaned on mortgage ................
Dues repaid on withdrawal, or applied on lonas...........................
Paid borrowed money and prior mortgages.................................
Paid interest on borrowed money and prior mortgages..............
Paid salaries and clerk-hire ............................................................
Paid advertising, printing and postage .......................................
Paid banking department, examination.........................................
Paid banking department, assessment .........................................
Discount ................................................................................................
Fines remitted ....................................................................................
Cash on hand December 31, 1920....................................... ..............
$11,300
4,747
10,149
74
80
1
29
2
74
00
13
15
32
00
25
66
23
09
71
531 42
$26,989 96
Plan, serial. Par value of shares, $100. Instalments are 50 cents and $1.
Shares in force January 1, 1920, 862; shares issued dpripg the year, 175;
shares withdrawn during the year, 42; shares in force, 996- Borrowing mem
bers, 41, holding 491 shares; non-borrowing members, T4, holding 504 shares.
Female shareholders, 11, holding 82 shares. Total dividends credited mem
bers during the year on instalment shares, $2,133.58; rate, 6 per cent.
No unpaid withdrawals. Entrance fee, 25 cents per share. Operating
expenses, as defined in section 390 of the Banking Law, incurred and paid
during the year, $83.48.
No premium plan. Interest paid by borrowing members, 6 per cent. No
premium charged.
Loans have been made in Oneida and Madison counties, New York State.
Largest mortgage loan outstanding, $7,000. Mortgages in force in New
York State, $46,100. No foreclosures during the year.
W ATERVILLE SAVINGS AND LOAN ASSOCIATION
Waterville, N. Y.
[Organized under law of 1914.
Officers
P resident...
S ecretary...
T reasurer..
Attorney. . .
Commenced business 1920]
Names
W. J. BUTLER..............................
H. R. TYLER.................................
H. R. TY LER.................................
C. M. W ICKW IRE........................
Post-office addresses
Waterville,
N. Y.
Waterville,
N. Y.
Waterville,
N. Y.
Waterville,
N. Y.
ASSETS
Loans on bond and mortgage.......................
Loans on shares...............................................
Stocks and bonds..............................................
Cash on hand and in hank.............................
Furniture and fixtures...................................
Accounts receivable .......................................
Office supplies ................................. ................
$7,775 00
1,110 00
1,251
3
49
31
265
30
39
62
05
81
$10,486 17
O nondaga C ounty
251
LIABILITIES
Due shareholders, dues........................................................................
Borrowed money ..................................................................................
Undivided profits ............ ' ..................................................................
$9,165 03
1,125 00
196 14
$10,486 17
RECEIPTS
Dues credited to members..................................................................
Money borrowed ..................................................................................
Fees received .........................................................................................
Fines received ......................................................................................
Interest r e ce iv e d ..................................................................................
Premium received ................................................................................
Sundries .................................................................................................
$9,173 78
1,125 00
115 00
50
148 64
30 15
12 45
$10,605 52
DISBURSEMENTS
Loaned on mortgage.............................................................
Loaned on shares..................................................................................
Dues repaid on withdrawal, or applied on loans.........................
Paid interest on borrowed money and prior mortgages............
Paid advertising, printing and postage.........................................
Paid banking department, examination......................
Liberty loan bonds..............................................................................
United States certificate of indebtedness.....................................
Fixtures .................................................................................................
Stationery and supplies......................................................................
Accounts receivable ............................................................................
Cash on band December 31, 1920......................................................
$7,775 00
1,110 00
875
18 70
91 90
15 25
251 30
1,000 00
49 62
250 58
31 05
3 39
$10,605 52
Plan, permanent. Par value of shares, $100 and $200. Instalments are
25 cents weekly.
Shares in force January 1, 1920, none; shares issued during the year, 458;
shares withdrawn during the year, 5; shares in force, 453. Borrowing mem
bers, 9, holding 54 shares; non-borrowing members, 55, holding 399 shares.
Female shareholders, 5, holding 21 shares.
No unpaid withdrawals. Entrance fee, 25 cents per share. Operating
expenses, as defined in section 390 of the Banking Law, incurred and paid
during the year, $91.90.
Premium plan, instalment. Interest paid by borrowing members, 6 per
cent. Premium paid by borrowing members, 5 cents per share.
Loans have been made in Oneida county, New York State. Largest mort
gage loan outstanding, $2,650. Mortgages in force in New York State,
$77,751. No foreclosures during the year.
ONONDAGA COUNTY
FAIR CITY CO-OPERATIVE SAVINGS AND LOAN
ASSOCIATION
No. 631 University Building, Syracuse, N. Y.
[Organized under Law of 1894.
Commenced business 1908]
Officers
President.....................
Secretary.....................
Treasurer...................
Names
JACOB J. MOSES..............................
CLARENCE F. MOORE....................
C. O. RICHARDS.................................
Post-office addresses
804 Carbon Street.
101 Windsor Place.
206 Orchard Road,
Attorney.....................
WILLARD A. R ILL............................
691 University Bldg.
Solvay
252
R epoet
on
Savings
and
L oan A ssociations
ASSETS
Loans on bond and m ortgage............................................................
Loans on shares .............................................................. , ..................
Cash on hand and in bank..................................................................
$9, 000 00
2,800 00
9, 470 27
$21, 270 27
LIABILITIES
Due shareholders, dues ......................................................................
Due shareholders, dividends credited.............................................
Undivided profits .................................................................................
Guaranty f u n d .......................................................................................
$18, 761
2,083
94
330
00
39
91
97
$21, 270 27
EECEIPTS
Cash on hand January 1, 1920..........................................................
Dues credited to members....................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares repaid........................................................................
Fines received ............................................. .........................................
Interest re ce iv e d ............ ......................................................................
Dividends retained on withdrawals..................................................
$2
7, 820
6,400
150
21
1, 008
21
92
00
00
00
28
79
49
$15,424 48
DISBURSEMENTS
Loaned on shares .................................................................................
$1,520
1, 719
Dues repaid on withdrawal, or applied on loans.........................
Dividends paid on withdrawal, or applied on loans.....................
53
Paid borrowed money .and prior mortgages..................... ..............
2, 500
Paid interest on borrowed money and prior mortgages.............
15
Paid salaries and clerk-hire..............................................................
76
Paid advertising, printing and postage..........................................
10
Paid banking department, exam ination.........................................
21
Paid banking department, assessm ent......................................................
Officers’ bonds .....................................................................................
20
Safe deposit b o x ...................................................................................
13
Su n dries.............................................................................................................
Cash on hand December 31, 1920......................................................
9, 470
00
00
67
00
00
00
20
25
154
00
75
380
27
$15,424 48
Plan, permanent. Par value o f shares, $100. Instalments are $1 monthly.
Shares in force January 1, 1920, 542; shares issued during the year, 254;
shares withdrawn during the year, 132; shares in force, 664. Borrowing
members, 18, holding 259 shares; non-borrowing members, 51, holding 405
shares. Female shareholders, 10, holding 48 shares. Total dividends credited
members during the year on instalment shares, $871.50; rate, 5 per cent.
No unpaid withdrawals. Operating expenses, as defined in section 390 of
the Banking Law, incurred and paid during the year, $123.75.
Premium plan, gross. Interest paid by borrowing members, 6 per cent. No
premium charged.
Loans have been made in Onondaga county, New York State. Largest m ort
gage loan outstanding, $2,500. Mortgages in force in New York State,
$9,000. No foreclosures during the year.
253
O nondaga C o u n t y
SYRACUSE CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION
No. 101 South Salma street, Syracuse, N. Y.
[Organized under Law o f 1887.
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................
Commenced business 1888]
Names
Post-office addresses
EDWIN E. H ARE..........................................
Syracuse, N. Y.
EDWARD B. W ALTERS.............................. Syracuse, N. Y.
JOHN J. KBSEL........................................... Syracuse, N. Y.
HARLOW B. ANSELL........................... ........ Syracuse, N. Y.
ASSETS
Loans on bond and mortgage........................ .
Loans on sh a res.................................................
Cash on hand and in bank..............................
Furniture and fix tu res................................... .
$282, 700
26, 329
9, 524
1, 862
00
00
31
62
$320, 415 97
LIABILITIES
Due shareholders, dues ......................................................................
Due shareholders, dividends credited................................................
Balance to be paid borrowers on mortgage loans.........................
Borrowed m o n e y ...................................................................................
Undivided profits .................................................................................
Guaranty fund ....................................................................................
$223, 014
46,276
7, 825
27, 000
2, 835
13,463
00
74
00
00
18
05
$320,415 97
RECEIPTS
Ca3h on hand January 1, 1920..........................................................
Dues credited to members..................................................................
Prior mortgages ...................................................................................
Money borrowed ...................................................................................
Loans on shares repaid........................................................................
Fines received .......................................................................................
Interest received ...................................................................................
Dividends retained on withdrawals..................................................
Advances repaid ...................................................................................
Liberty loan bonds sold ......................................................................
Su n dries..................................................................................................
$6, 552
60, 746
54, 600
45,100
51,180
70
17,582
675
3, 500
9,119
84
72
00
00
00
00
30
66
95
00
47
14
$249,211 24
DISBURSEMENTS
Loaned on m o rtg a g e ............................................................................
Loaned on shares .................................................................................
Dues repaid on withdrawal, or applied on loans.........................
Dividends paid on withdrawal, or applied on loans...................
Cash dividends paid on income and accumulative prepaid
s h a r e s ...................................................................................................
Paid matured shares ...........................................................................
Paid borrowed money and prior mortgages...................................
Paid interest on borrowed money and prior mortgages.............
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage...........................................
Paid rent ...............................................................................................
Paid banking department, exam ination.........................................
Paid banking department, assessm ent...........................................
Officers’ bonds ...............................................
State League dues ...............................................................................
$105,575
57, 454
22,724
4, 345
00
00
00
53
38
19, 836
18,100
520
3, 793
774
450
46
9
69
7
62
44
00
93
50
36
00
75
48
81
00
254
R eport
on
S a v in g s
L oan
and
A s s o c ia t io n s
Advances on mortgage loans..-..........................................................
Stationery and supplies ............................... ! ...................................
Furniture and fixtures ......................................................................
Safe c a b in e t .....................................................
A u d ito r s ..................................................................................................
Teleph on e................................................................................................
Office expenses ......................................................................................
Suspense account .................................................................................
Insurance ................................................................................................
Cash on hand December 31, 1920.....................
$3,500
136
1,1 4 7
5S7
50
74
360
4
75
9,524
00
48
85
31
00
54
14
01
18
31
$249,211 24
Plan, permanent. Par value of shares, $130 and $200. Instalments are
25 cents weekly and $1 monthly.
Shares in force January 1, 1920, 3,083; shares issued during the year, 2,307;
shares withdrawn during the year, 596; shares in force, 4,794. Borrowing
members, 147, holding 2,001 shares; non-borrowing members, 334, holding
2,793 shares. Total dividends credited members during the year on instal
ment shares, $11,977.33; rate, 5 per cent. Total dividends credited or paid in
cash to members during the year on other shares, $89.53; rate 4% per cent,
and 5 per cent.
N o unpaid withdrawals. Amount o f shares matured during the year,
$19,836.44. Operating expenses, as defined in section 390 of the Banking
Law, incurred and paid during the year, $5,836.11.
N o premium plan. Interest paid by borrowing members, 6 per cent. No
premium charged.
Loans have been made in Onondaga county, New York State. Largest
mortgage loan outstanding, $8,000. Mortgages in force in New York State,
$282,700. No foreclosures during the year.
ONTARIO COUNTY
GENEVA PERM ANENT LOAN AND SAVING ASSOCIATION
No. 87-89 Seneca street, Geneva, N. Y.
[Organized under Law o f 1851.
Officers
President.
Secretary.
Treasurer
Attorney.
Commenced business 1886]
Names
MONTGOMERY S. SANDFORD.
JOHN E. FAR W E L L .....................
WILLIAM 0*HANLON..................
LEW IS W. KEYES........................
Post-office addresses
493 Main Street.
87-89 Seneca Street.
2 Seneca Street.
90 Seneca Street.
ASSETS
Loans on bond and m ortgage............................................................ $1,270,619 58
Loans on shares ...................................................................................
41, 317 62
Stocks and bonds .................................................................................
107, 578 50
Shares of Land Bank of State of New Y ork .................................
4,000 00
Real estate . . . .................................................................................
26,291 00
15,741 73
Cash on hand and in bank ..............................................................
Furniture and fixtures .......................................................................
1, 774 78
126 79
Advances for taxes, insurance, etc.................................................
Loans on Liberty bonds .....................................................................
10, 587 00
$ 1 ,4 7 8 ,0 3 7 0 0
O n t a r io
C ounty
255
LIABILITIES
Due shareholders, dues ....................................................................
Due shareholders, dividends credited ...........................................
Due shareholders, matured shares ...............................................
Balance to be paid borrowers on mortgage loans.......................
Borrowed money ................................................................................
Advances by Land B a n k ....................................................................
Undivided profits ................................................................................
Guaranty fund .....................................................................................
$984,760
234, 715
34, 329
2, 700
I l l , 300
50,800
27, 431
32, 000
45
27
51
00
00
00
77
00
$1,478,037 00
RECEIPTS
Cash on hand January 1, 1920..........................................................
Dues credited to members ................................................................
Money b o rro w e d .......................
Mortgages redeemed, foreclosed or transferred to real estate.
Loans on shares repaid........................................................................
Fines received .......................................................................................
Interest received .................................................................................
Premium received ...............................................................................
Bent receiv ed ........................................................................................
Dividends retained onwithdrawals .................................................
Advances repaid ...................................................................................
Liberty loan bonds sold .....................................................................
Loans on Liberty bonds repaid ......................................................
$19,912
784, 339'
69,000
135, 057
36,403
9
81, 025
11, 751
447
1,082
30
15, 000
1, 615
31
78
00
35
25
52
68
68
00
50
00
00
00
$1, 155,674 07
DISBURSEMENTS
Loaned on mortgage ..........................................................................
Loaned on shares .....................................
Dues repaid on withdrawal, or applied on loans.........................
Dividends paid on withdrawal, or applied on loans.................
Cash dividends paid on income and accumulative prepaid
s h a r e s ..................................................................................................
Paid matured shares ..........................................................................
Paid borrowed money and prior mortgages .................................
Paid interest on borrowed money and prior mortgages..........
Paid salaries and clerk-hire ......................
Paid advertising, printing and postage.......................................
Paid repairs to real estate......................................... ......................
Paid taxes, insurance, etc........ ................................................. . . .
Paid banking department, examination .......................................
Paid banking department, assessment...........................................
Advances for taxes, insurance, e t c . ..................................................
Liberty loan bonds .............................................................................
W ar savings stamps ..........................................................................
Land Bank .............................................................................................
Loans on Liberty 'bonds ....................................................................
Furniture and fixtures ......................................................................
Cash on hand December 31, 1920....................................................
$208,514
30, 369
750, 191
26, 348
80
87
67
15
3,575
37,872i
39, 000
8, 543
10, 340
2, 867
232
462
251
45
75
4,100
178
8, 000
8, 872
90
15,741
17
19
00
42
45
45
88
09
9$
92
30
00
50
00
00
50
73
$1,155,674 07
Plan, permanent. Par value of shares, $100. Instalments are 10 cents
weekly.
Shares in force January 1, 1920, 24,404; shares issued during the year,
4,111; shares withdrawn during the year, 9,776; shares in force, 18,738.
Borrowing members, 351, holding 8,408 shares; non-borrowing members, 3,266,
holding 10,330 shares. Female shareholders, 1,688, holding 9,022 shares.
256
R eport
ok
S a v in g s
L oan
and
A s s o c ia t io n s
Total dividends credited members during the year on instalment shares, $26,122.05; rate, 5 per cent, and 6 per cent. Total dividends credited or paid in
cash to members during the year on other shares, $31,860.92; rate, 4 pei
cent, and 6 per cent.
No unpaid withdrawals. Amount of shares matured during the year, $24,690.90. Operating expenses, as defined in section 390 of the Banking Law,
incurred and paid during the year, $13,626.88.
Premium plan, instalment. Interest paid by borrowing members, 5.72 per
cent. Premium paid by borrowing members, 3 cents per share per week.
Loans have been made in Ontario, Seneca, Monroe, Yates and New Y ork
counties, New York State. Largest mortgage loan outstanding, $18,000.
Mortgages in force in New York State, $1,267,919.68. N o foreclosures during
the year.
ORANGE COUNTY
TH E BUILDING AND LOAN ASSOCIATION OF NEWBURGH, N. Y .
No. 44 Smith street, Newburgh, N . Y .
[Organized under Law of 1851.
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................
Commenced business 1886]
Names
Post-office addresses
WILLIAM J. WYGANT..........................
44
SmithStreet.
LE GRAND W. PBLLETT........................... 44 Smith Street.
JAMES W. BARNES.....................................
99 Water Street.
WILLIAM J. WYGANT............................... 44 Smith Street
ASSETS
Loans on bond and m ortgage............................................................
Loans on s h a r e s ...................................................................................
Shares o f Land Bank of State of New Y ork ...............................
Cash on hand and in bank................................................................
Furniture and fix t u r e s .....................................
Interest, premium, fees and fines due and unpaid.....................
S ta tio n e r y ..............................................................................................
$446, 925
9,180
2, 000
506
337
1,384
40
00
00
00
55
50
69
00
$460,373 64
LIABILITIES
Due shareholders, dues.....................................................................
Due shareholders, dividends credited...........: .............. ..................
Balance to be paid borrowers on mortgage loans.......................
P rior mortgages .................................................................................
Borrowed money ........ •.......................................................................
Advances by Land Bank....................................................................
Undivided profits .................................................................................
Guaranty f u n d .....................................................................................
Suspense a c c o u n t..................................................................................
$316,625
45,028
500
5,200
58,929
26, 000
1, 783
5, 940
367
50
49
00
00
11
00
10
44
00
$460,373 64
RECEIPTS
Cash on hand January 1, 1920........................................................
Dues credited to members ...................................................... ..
Prior mortgages ...................................................................................
Money borrowed ...................................................................................
Mortgages redeemed, foreclosed or transferred to real estate.
Loans on shares repaid .....................................................................
Fines received ...................................................... ................ - .............
$888
95, 757
1,600
138,499
30, 500
4,355
178
51
50
00
48
00
00
13
O range
257
C ounty
Interest received ................................................................................
Dividends retained on withdrawals ............................. ................
$22, 280 20
43 11
$294,101 93
DISBURSEMENTS
Loaned on m ortgage............................................................................
Loaned on shares ................................................................................
Dues repaid on withdrawal, or applied on loans. . . . .................
Dividends paid on withdrawal, or applied on lo a n s.* ............
Cash dividends paid on income and accumulative prepaid
shares ..................................................................................................
Paid matured shares ........................................................................
Paid borrowed money and prior mortgages..............................
Paid interest on borrowed money and prior mortgages.........
Paid salaries and clerk-hire.............................................................
Paid advertising, printing and postage........................................
Paid banking department, examination........................................
Paid banking department, assessment ..........................................
State League dues ...............................................................................
American Building and Loan News................................................
Cash on hand December 31, 1920....................................................
$95,410
3, 735
32, 581
2, 167
00
00
00
51
2,033
9, 908
136,857
9.055
1,350
420
48
13
8
6
506
88
29
75
60
00
04
74
57
00
00
55
$294,101 93
Plan, serial. Par value of shares, $200. Instalments are $1 monthly.
Shares in force January 1, 1920, 4,427; shares issued during the year,
2,923; shares withdrawn during the year, 908; shares in force, 6,442. Bor
rowing members, 226, holding 2,228 shares; non-borrowing members, 510,
holding 4,214 shares. , Female shareholders, 296, holding 1,778 shares. Total
dividends credited members during the year on instalment shares, $12,592.08;
rate, 5 per cent. Total dividends credited or paid in cash to members during
the year on other shares, $2,157.53, rate, 4 % per cent.
No unpaid withdrawals. Amount of shares matured during the year,
$9,908.29. Operating expenses, as defined in section 390 of the Banking Law,
incurred and paid during the year, $1,824.38.
No premium plan. Interest paid by borrowing members, 5 per cent, and 6
per cent. No premium charged.
Loans have been made in Orange and Dutchess counties, Newt York State.
Largest mortgage loan outstanding, $7,000. Mortgages in force in New York
State, $446,925. No foreclosures during the year.
CENTRAL VALLEY SAVINGS AND LOAN ASSOCIATION
Central Valley, N. Y .
[Organized under Law of 1851.
Commenced business 1890]
Officers
Names
Post-office addresses
President....................... GEORGE
CORNELL................... CentralValley, N. Y.
Secretary..................... W. M. GILDERSLEEVE........................
CentralValley, N. Y.
Treasurer...................
M. S. ELM ER............................................ CentralValley, N. Y.
Attorneys................... J. W. & PERCY V. D.G O T T ............. Goshen, N. Y.
ASSETS
Loans on bond and mortgage..........................................................
Loans on shares ............................... ...................................................
Stocks and bands ................... : ........................ ...................................
Cash on hand and in bank ..............................................................
9
$131,510
1,170
7,000
1,260
00
00
00
92
258
R eport
on
S a v in g s
and
L oan
A s s o c ia t io n s
Furniture and fixtures ........................................................................
Interest, premium, fees and fines due and u n p a id .......................
Advances for taxes, insurance, etc.....................................................
$295 65
1,143 87
442 05
$142,822 49
LIABILITIES
Due shareholders, dues ......................................................................
Due shareholders, dividendscredited ...............................................
Due shareholders, matured shares ...................................................
Prior mortgages ............................................................................
Borrowed m o n e y ...................................................................................
Undivided profits .................................................................................
Guaranty fund ......................................................................................
;
$93,054
22,291
1,802
2,000
17,175
500
6,000
00
00
01
00
00
48
00
$142,822 49
RECEIPTS
Cash on hand January 1, 1920 ........................................................
Dues credited to m em bers..................................................................
Money borrowed ...................................................................................
Mortgages redeemed, foreclosed ortransferred to real estate. ..
Loans on shares repaid ....................................................................
Fines received .......................................................................................
Interest received ...................................................................................
Dividends retained on withdrawals ................................................
Advances repaid ............
$807 50
23,031 50
30,842 00
15,490 00
500 00
182 91
8,846 66
53 77
412 15
$80,166 49
D ISB U R SE M E N T S
Loaned on mortgage ........................................................................
Loaned on s h a r e s ......................
Dues repaid on withdrawal, or applied on lo a n s .........................
Dividends paid on withdrawal, or applied on lo a n s ........ ..
Paid matured shares .........................................................................
Paid borrowed money and prior mortgages
...........................
Paid interest on borrowed money and prior m o rtg a g e s............
Paid salaries and clerk -h ire..............................................................
Paid advertising, printing and postage ........................................
Paid rent ..........................................................................
Paid banking department, examination .......................................
Paid banking department, assessment ..........................................
Advances for taxes, insurance, etc.....................................................
State League d u e s ............................
Furniture and fixtures .................................................
Cash on hand December 31, 1920 ....................................................
$23, 900
90
5,497
1,674
15,112
29,892
1,254
475
81
120
20
5
447
6
328
1,260
00
00
00
67
00
00
27
96
94
00
42
26
55
00
50
92
$80,166 49
Plan, serial. Par value of shares, $200. Instalments are $1 monthly.
Shares in force January 1, 1920, 1,508; shares issued during the year, 668;
shares withdrawn during the year, 213); shares in force, 1,963. Borrowing
members. 73, holding 708 shares; non-borrowing members, 208, holding 1,255
shares. Female shareholders, 119, holding 686 shares. Total dividends credited
members during the year on instalment shares, $6,355.57; rate, 6 per cent.
No unpaid withdrawals. Amount of shares matured during the year,
$15,010. Operating expenses, as defined in section 390 of the Banking Law,
incurred and paid during the year, $683.90.
No premium plan. Interest paid by borrowing members, 6 per cent. No
premium charged.
Loans have been made in Orange county, New York State. Largest m ort
gage loan outstanding, $15,000. Mortgages in force in New York State,
$131,510. N o foreclosures during the year.
O eange
259
C ounty
CO-OPERATIVE LOAN AND SAVINGS SOCIETY
Rooms 7 and 9, Hubbard Building, Port Jervis, N. Y.
[Organized under La w o f 1851.
Officers
President.....................
Secretary...................
Treasurer...................
Attorney......................
Commenced business 1881]
Names
Post-office addresses
HARRY B. DENTON................................... Port Jervis, N. Y.
CHARLES E. HOLMES...............................
Port Jervis, N. Y.
EUGENE P. M APES.................................... Port Jervis, N. Y.
EDWARD P. JONES................................... Port Jervis, N. Y.
ASSETS
Loans on bond and m o rtg a g e ...................................
Loans on shares ..........................................................
Stocks and bonds ........................................................
Contracts for the sale of real e s t a t e .......................
Cash on hand and in b a n k .......................................
Furniture and fixtures .............................................
Interest, premium, fees and fines due and unpaid
Advances for taxes, insurance, etc............................
$563>,000
2,900
9,500
593
10,123
543
1,024
20
00
00
00
20
14
30
26
72
$587,704 62
LIABILITIES
Due shareholders, dues .....................................................................
Due shareholders,dividends credited ..............................................
Borrowed money
...........................................................................
Undivided profits
..........................................................................
Guaranty fund .....................................................................................
Dividends on income s h a r e s ............................. _...............................
$525,405
27,183
5,600
7,248
8,386
13,880
14
50
00
85
41
72
$587,704 62
RECEIPTS
Cash on hand January 1, 1920 ......................................................
Dues credited to m em bers..................................................................
Money borrowed ...................................................................................
Mortgages redeemed, foreclosed or transferred to real estate. .
Loans on shares repaid ....................................................................
Fines received ......................................................................................
Interest received ...................................................................................
Premium received ................................................................................
Dividends retained on withdrawals .............................................
Real estate contract ...........................................................................
$2,427 89
136,128 28
38,200 00
69,500 00
3,500 00
576 01
26,845 32
3 1 92 1
22 67
63 96
$277,583 34
DISBURSEMENTS
Loaned on mortgage ..........................
Loaned on shares .................................................................................
Dues repaid on withdrawal, or applied on lo a n s .........................
Dividends paid on withdrawal, or applied on lo a n s ................<•.
Cash dividends paid on income and accumulative prepaid
shares .................................................................................................
Paid matured shares ..........................................................................
Paid borrowed money and prior m ortg a g es.................................
Paid interest on borrowed money and prior mortgages ..........
Paid salaries and clerk -h ire........................
Paid advertising, printing and postage .........................................
Paid rent ...............................................................................................
Paid banking department, examination ........................................
Paid banking department, assessm ent............................................
$136,000
500
67,917
4,568
00
00
50
55
11,878
5,709
38,100
497
1,534
152
180
32
17
53
78
00
$1
00
87
00
88
29
260
R eport
on
S a v in g s
L oan
and
A s s o c ia t io n s
State League dues ...............................................................................
Delegates’ expenses to StateLeague con v en tion ...........................
Furniture and fixtures .......................................................................
Sundries .................................................................................................
Cash on hand December 31, 1920 ...................................................
$9
27
260
74
10,123
00
00
40
59
14
$277,583 34
Plan, serial. Par value of shares, $200. Instalments are $1 monthly.
Shares in force January 1, 1920, 7,206; shares issued during the year,
2,213; shares withdrawn during the year, 1,039; shares in force, 8,380.
Borrowing members, 291, holding 2,815 shares; non-borrowing members, 535,
holding 5,565 shares. Female shareholders, 351, holding 2,431 shares. Total
dividends credited members during the year on instalment shares, $8,292.29;
rate, 4% per cent. Total dividends credited or paid in cash to members
during the year on other shares, $11,878.53; rate, 4% per cent.
No unpaid withdrawals. Amount of shares matured during the year,
$5,709.78. Operating expenses, as defined in section 390 o f the Banking Law,
incurred and paid during the year, $1,977.46.
No premium plan. Interest paid by borrowing members, 5 per cent. No
premium charged.
Loans have been made in Orange, Sullivan, Broome andi Ulster counties,
New York State. Largest mortgage loan outstanding, $40,000. Mortgages
in force in New York State, $563,000. No foreclosures during the year.
TH E GOSHEN CO-OPERATIVE SAVINGS AND LOAN ASSOCIATION
Goshen, N . Y .
[Organized under Law o f 1909.
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney......................
Names
PERCY V. D.
CARLTON I.
WILLIAM A.
PERCY V. D.
Commenced business 1910]
Post-office addresses
GOTT......................................... Goshen, N. Y.
SMITH.......................................
Goshen, N. Y.
W ELLS......................................
Goshen, N. Y.
GOTT............................................ Goshen, 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 ..........................................................
$129,750 00
4,980 00
8 22
$134,738 22
LIABILITIES
Due shareholders, dues .......................................................................
Due shareholders, dividendsc r e d ite d ................................................
Balance to be paid borrowers onmortgage l o a n s .........................
Borrowed money ..................................................................................
Undivided profits .................................................................................
Guaranty fund ..................................................................................
$100,331
13,513
1,100
12,300
6,351
1,142
00
26
00
00
43
53
$134,738 22
RE CEIPTS
Cash on hand January 1, 1.920 ........................................................
Dues credited to members ................................................................
Money borrowed ...................................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
$1,687
27,584
21,500
13,200
80
00
00
00
O range
261
C ounty
Loans on shares repaid ......................................................................
Fees received ........................................................................................
Fines received .......................................................................................
Interest r e ce iv e d ...................................................................................
Dividends retained onwithdrawals .................................................
$1,075
126
<9
6,806
146
00
75
87
70
66
$72,206 78
DISBURSEMENTS
Loaned on mortgage ...........................................................................
Loaned on shares ................................................................................
Dues repaid on withdrawal, or applied on lo a n s .........................
Dividends paid on withdrawal, or applied on l o a n s ...................
Cash dividends paid on income and accumulative prepaid
shares .................................................................................................
Paid borrowed money and prior mortgages .................................
Paid interest on borrowed money and prior m ortg a g es.............
Paid salaries and clerk -h ire..............................................................
Paid advertising, printing and p o s ta g e .........................................
Paid banking department, exam in a tion .........................................
Paid banking department, assessment ...........................................
Revenue stamps ...................................................................................
Cash on hand December 31, 1920 ....................................................
$46,800
3,175
6,326
1,415
00
00
00
88
685
13,000
582
158
27
20
4
3
8
00
00
08
34
95
42
19
70
22
$72,206 78
Plan, serial. Par value of shares, $100 and $200. Instalments are $1
monthly.
Shares in force January 1, 1920, 1,293; shares issued during the year, 597;
shares withdrawn during the year, 107; shares in force, 1,783. Borrowing
members, 67, holding 958 shares; non-borrowing members. 127, holding 825
shares.
Female shareholders, 41, holding 264 shares.
Total dividends
credited members during the year on instalment shares, $4,169.87; rate, 6
per cent. Total dividends credited or paid in cash to members during the
year on other share®, $685; rate, 5 per cent.
No unpaid withdrawals. Entrance fee, 25 cents pey share. Operating
expenses, as defined in section 390 o f the Banking Law, incurred and paid
during the year, $189.99.
No premium plan. Interest paid by borrowing members, 6 per cent. No
premium charged.
Loans have been made in Orange county, New York State. Largest mort
gage loan outstanding, $8,000. Mortgages in force in New York State,
$129,750. No foreclosures during the year.
HOMESTEAD
BUILDING
AND
LOAN
ASSOCIATION
No. 63 North street, Middletown, N. Y.
[Organized under Law o f 1861.
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney......................
Commenced business 1888)
Names
Post-office addresses
FRED S. ROGERS....................................... Middletown, N. Y.
H. J. LEONARD.........................................
Middletown, N. Y.
ARCHIBALD TAYLOR............................... Middletown, N. Y.
THOMAS C. ROGERS................................. Middletown, N. Y.
ASSETS
Loans on bond and mortgage ..........................................................
Loans on shares ...................................................................................
Stocks and b o n d s .......................................................................... —
$336, 965 00
13, 265 00
9, 900 00
262
R eport
ok
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 ...............................................................
Furniture and fixtures ......................................................................
Advances for taxes, insurance, etc...................................................
Installments due and unpaid........................................
Interest premium, fgcs and fines due and unpaid___
$3,562 35
50 00
143 00
14,164 33
537 15
$363,885 35
L IA B IL IT IE S
Due shareholders, dues .....................................................................
Due shareholders, dividendscredited ..............................................
Balance to be paid borrowerson mortgage lo a n s .........................
Borrowed m o n e y ...................................................................................
Undivided profits .......................................................................... ..
Guaranty fund .....................................................................................
Advertising .....................................................
$251, 214
61,713
600
15, 600
18, 683
16,000
73
67
45
00
00
73
00
50
$363,885 35
RECEIPTS
Cash on hand January 1, 1920 ....................................... ................
Dues credited to m em b ers................................................................
Money borrowed ...................................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares r e p a id ......................................................................
Fees received .......................................................................................
Fines received ......................................................................................
Interest received ..................................................................................
Premium received ................................................................................
Dividends retained on withdrawals .......................
Liberty loan bonds ..............................................................................
$11, 806
53, 369
11.600
32. 700
3. 730
80
5
20, 025
826
699
2, 785
98
66
00
00
00
90
02
57
06
41
02
$137,628 62
DISBURSEMENTS
Loaned on mortgage ..........................................................................
Loaned on s h a r e s .................................................................................
Dues repaid on withdrawal, or applied onl o a n s .........................
Dividends paid on withdrawal, or applied onl o a n s ....................
Paid matured s h a r e s ...........................................................................
Paid borrowed money and prior m o r tg a g e .........................; . . . .
Paid interest on borrowed money and prior m ortg a g es.............
Paid salaries and clerk -h ire..............................................................
Paid advertising, printing and postage .......................................
Paid r e n t ...................................................................................................
Paid banking department, examination .......................................
Paid banking department, assessm ent............................................
Officers’ bonds .......................................................................................
State League dues ...............................................................................
Liberty loan b o n d s ..................................... .........................................
Delegates’ expenses to State League co n v en tion .........................
Sundries .................................................................................................
Cash on hand December 31, 1920 ....................................................
$62, 340
6, 085
10, 319
2, 427
29, 081
19, 412
1, 619
745
240
70
27
11
40
8
1, 585
24
28
3, 562
00
00
00
37
48
58
19
00
76
95
67
81
00
00
02
14
30
35
$137,628 62
Plan, serial. Far value of shares, $200. Instalments are $1 monthly.
Shares in force January 1, 1920, 3,981; shares issued during the year,
1,004; shares withdrawn during the year, 341; shares in force, 4,644. Bor
rowing members, 150, holding 1,841 shares; non-borrowing members, 340,
O range
263
C ounty
holding 2,803 shares. Female shareholders, 177, holding 1,133 shares. Total
dividends credited members during the year on instalment shares, $15,916.90;
rate 5 y2 per cent.
No unpaid withdrawals. Amount of shares matured during the year,
$29,081.48. Entrance fee, 10 cents per share. Operating expenses, as defined
in section 390 of the Banking Law, incurred and paid during the year,
$1,149.15.
Premium plan, instalment. Interest paid by borrowing members, 6 per
cent. No premium charged.
Loans have been made in Orange and Sullivan counties, New York State.
Largest mortgage loan outstanding, $7,000. Mortgages in force in New York
State, $336,965. N o foreclosures during the year.
THE ORANGE COUNTY BUILDING AND LOAN ASSOCIATION, No. 2
No. 114 Pike street, Port Jervis, N . Y .
[Organized under Law of 1851.
Officers
President.. .
Secretary.. .
Treasurer.. .
Attorney. . .
Commenced business 1886]
Names
Post-office addresses
WILLIAM S. BEVANS............................
9 Ball Street.
JOHN J. DULEY........................................ 42 Sussex Street.
CHARLES L. CUNNINGHAM...............
9 Lyman Street.
WILLIAM P. GREGG...............................
Hubbard Building.
ASSETS
Loans on bond and mortgage ..........................................................
Stocks and bonds ...............................................................................
Cash on hand and in b a n k ................................................................
Advances for taxes, insurance, etc...................................................
$433, 700
18,392
6, 354
27
00
99
21
00
$458,474 20
LIABILITIES
Due shareholders, dues .....................................................................
Due shareholders, dividends c re d ite d ..............................................
Undivided profits ................................................................................
Guaranty fund .....................................................................................
$405,728
26, 063
19, 831
6, 850
91
95
34
00
$458,474 20
RECEIPTS
Cash on hand January 1, 1920 ........................................................
Dues credited to members ................................................................
Mortgages redeemed, foreclosed or transferred to real estate. .
Fees received ........................................................................................
Fines received ......................................................................................
Interest received ..................................................................................
$4,671
98, 748
40, 000
53
108
21, 602
90
86
00
00
07
65
$165, 184 48
DISBURSEMENTS
Loaned on mortgage ..........................................................................
Dues repaid on withdrawal, or applied onl o a n s .........................
Dividends paid on withdrawal, or applied on lo a n s .................
Cash dividends paid on income and accumulative prepaid
shares .................................................................................................
Paid matured shares ........................................................................
Paid borrowed money and prior mortgages .................................
Paid interest on borrowed money and prior mortgages ..........
Paid salaries and clerk-hire ....................................................
$86, 950 00
36, 818 43
3, 050 94
9, 424
6, 203
15, 000
233
795
12
38
00
33
00
264
R eport
on
S a v in g s
and
L oan
A s s o c ia t io n s
Paid advertising, printing and postage .......................................
Paid rent ...............................................................................................
Paid banking department, examination .......................................
Paid banking department, assessment .........................................
Officers’ bonds ...............................................
Advances for taxes, insurance, etc...................................................
State League d u e s ...............................................................................
Attorneys’ fees .....................................................................................
L i g h t .......................................................................................................
Cash on hand December 31, 1920 ....................................................
$70
124
29
14
22
27
8
50
9
6, 354
45
99
53
10
00
00
00
00
00
21
$165,184 48
Plan, serial. Par value of shares, $200. Instalments are $1 monthly.
Shares in force January 1, 1920, 5,632; shares issued during the year,
1,513; shares withdrawn during the year, 740; shares in force, 6,405. Bor
rowing members, 211, holding 2,119 shares; non-borrowing members, 719,
holding 4,296 shares. Female shareholders, 295, holding 1,874 shares. Total
dividends credited members during the year on instalment shares, 7,967.15;
rate 5 per cent. Total dividends credited or paid in cash to members during
the year on other shares, $9,704.25; rate 4% per cent.
No unpaid withdrawals. Amount o f shares matured during the year,
$6,203.38. Membership fee, $1. Operating expenses, as defined in section
390 of the Banking Law, incurred and paid during the year, $1,079.44.
Premium plan, instalment. Interest paid by borrowing members, 5.04 per
cent. No premium charged.
Loans have been made in Orange, Ulster and Sullivan counties, New York
State. Largest mortgage loan outstanding, $22,000. Mortgages in force in
New York State, $433,700. No foreclosures during the year.
PORT JERVIS REAL ESTA TE AND LOAN ASSOCIATION
No. 95 Pike street, P ort Jervis, N. Y.
[Organized tinder Law o f 1851.
Officers
President....................
Secretary.....................
Treasurer....................
Attorney......................
Commenced business 1891]
Names
Post-office addresses
ALBERT T. PORTER............................
65 Sussex Street.
WILLIAM K. LAIN .................................. 22 Spring Street.
THEODORE LtJDLUM......... ................. 113 Ball Street.
FRANK LYBOLT..................................... Hubbard Building.
ASSETS
Loans on bond and mortgage.........................
Loans on shares................................................
Stocks and bonds..............................................
Cash on hand and in bank.............................
Furniture and fixtures...................................
Advances for taxes, insurance, e tc ..............
$1,346,600
26,650
129,570
31,382
750
171
00
00
90
50
00
24
$1,535,124 64
LIABILITIES
Due shareholders, dues .......................................................
$1,369,787 63
Due shareholders, dividends credited..............................................
122,763 58
Undivided p r o fit s .................................................................................
14,571 03
■Guaranty fund ...................................................................................
28,002 40
$1,535,124 64
O range
C ounty
265
RECEIPTS
Cash on hand January 1, 1920........................................................
Dues credited.to members..................................................................
Money b o rro w e d ...................................................................................
Mortgages redeemed, foreclosed or transferred to real estate.
Loans on shares repaid......................................................................
Real estate sold.....................................................................................
Fees received .......................................................................................
Fines received .....................................................................................
Interest received .................................................................................
Premium received ..........................
Rent received .....................................
Advances r e p a id ...................................................................................
Contract ...............................................................................................
Back dues .............................................................................................
Individual a c c o u n ts .............................................................................
Sundry items .......................................................................................
$21,590
353,659
25,000
247,150
16,685
16,000
220
1,458
68,695
986
1,127
109
1,299
260
1,047
33
17
23
00
00
00
00
00
15
35
66
81
20
92
35
97
39
$755,323 20
DISBURSEMENTS
Loaned on m ortgage.............................................................................
Loaned on shares.................................................................................
Dues repaid on withdrawal, or applied on loans...........................
Dividends' paid on withdrawal, orapplied on loans..................
Cash dividends paid on income and accumulative prepaid
shares .................................................................................................
Paid matured shares...........................................................................
Paid borrowed money and prior mortgages.................................
Paid interest on borrowed money and prior mortgages..........
Paid salaries and clerk-hire.......... ...................................................
Paid advertising, printing and postage..........................................
Paid r e n t ...............................................................................................
Paid taxes, insurance, e tc ..................................................................
Paid banking department, examination.......................................
Paid banking department, assessment...........................................
Officers’ bond .......................................................................................
Advances for taxes, insurance, etc.................................................
State League dues.................................................................................
Safe cabinet .........................................................................................
Auditors ...............................................................................................
Light and Telephone...........................................................................
Insurance ...............................................................................................
Sundries ...............................................................................................
Cash on hand December 31, 1920............................................... ..
$426,800
17,570
180,269
9,375
00
00
08
72
34,944
22,619
25,000
280
4,075
461
253
1,297
193
44
48
130
17
300
30
68
57
106
31,382
36
21
00
83
00
15
36
91
06
19
00
00
00
00
00
09
25
49
50
$755,323 20
Plan, serial. Par value o f shares, $200. Instalments are $1 monthly.
Shares in force January 1, 1920, 19,436; shares issued during the year,
6,186; shares withdrawn during the year, 3,107; shares in force, 22,515.
Borrowing members, 632, holding 6,420 shares; non-borrowing members,
1.858, holding 16,095 shares. Female shareholders, 1,083, holding 7,905
shares. Total dividends credited members during the year on instalment
shares, $16,557; rate 4% per cent. Total dividends credited or paid in cash
to members during the year on other shares, $41,777; rate 4% per cent.
No unpaid withdrawals. Amount o f shares matured during the year,
$22,619.21. Membership fee, $1. Operating expenses, as defined in section
390 of the Banking Law, incurred and paid during the year, $5,148.40.
Premium plan, installment. Interest paid by borrowing members, 5 per
cent. N o premium charged.
Loans have been made in Orange, Sullivan and Rockland counties, New
York State. Largest mortgage loan outstanding, $24,000. Mortgages in
force in New York State, -$1,272,800. No foreclosures during the year.
266
R eport
on
S a v in g s
R oan
and
A s s o c ia t io n s
PORT JE RVIS SAVINGS AND LOAN ASSOCIATION, N o. 1
Room 14, Farnum B uilding, Pike street, P ort Jervis, N. Y .
[Organised under Law o f 1851.
Commenced business 1858]
Officers
President.....................
Names
Post-office addresses
WILLIAM H. NEABPASS..................... 4 Catherine Street.
Treasurer...................
Attorney......................
AUGUSTUS P. ALTEM EIER..................
S. M. CUDDEBACK..................................
S ecretary ......................
ED W A RD E . N O E .....................................
1 1 % Ulster Place.
7 West Broome St
Masonic Bldg.
ASSETS
Loans on bond and mortgage..........................................................
Loans on shares...................................................................................
Stocks and 'bonds.................................................................................
Cash on hand and in bank........ ........................................................
Furniture and fixtures.............................................................. ._...
Interest, premium,, fees and fines due and unpaid.............~ ..
$310,550 00
3,744 10
25,776 25
8,341 35
300 00
355 30
$349,067 00
L IA B IL IT IE S
(Due shareholders, dues........................................................................
Due shareholders, dividends credited ............................................
Borrowed money ...............................................
Undivided p r o fit s .................................................................................
Guaranty fund .....................................................................................
$305,598
26, 885
10,000
722
5,860
47
90
00
05
58
$349,067 00
R E C E IP T S
Cash on hand January 1, 1920........................................................
Dues credited to members................................................................
Money 'borrowed ..........
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares repaid.......................................................................
Fees received .................................................................. ' ...................
Fines received ....................................................................................
Interest received .................................................................................
Premium received ...............................................................................
$10,148 83
127,129 00
50,000 00
68,450 00
4,555 00
68 50
51 52
15,049 38
243 02
$275,695 25
D ISB U R SE M E N T S
Loaned on mortgage................................................................
Loaned on shares.................................................................................
Dues repaid on withdrawal, or applied on loans.......................
Dividends paid on withdrawal, or applied on loans..................
Cash dividends paid on income and accumulative prepaid
shares .................................................................................................
Paid matured shares ...........................................
Paid borrowed money and prior mortgages...............................
Paid interest on borrowed money and prior mortgages.............
Paid salaries and clerk-hire..........................................•-------------Paid advertising, printing and postage..........................................
Paid rent ..........................
Paid banking department, examination........ ...............................
Paid banking department, assessment............................................
Liberty loan bonds...............................................................................
Sundries ...............................................................................................
Cash on hand December 31, 1920 ....................................................
$142,325
3,974
41,083
2,289
00
10
25
41
4,865 00
15,726 88
40,000 00
324 33
776 00
57 05
81 25
29 78
926
15,776 25
36 34
8,341 35
$275,695 25
O range
267
C ounty
Plan, serial. Par value of shares, $200. Instalments are $1 monthly.
Shares in force January 1, 1920, 2,010; shares issued during the year,
1,205; shares withdrawn during the year, 470; shares in force, 2,745. Bor
rowing members, 132, holding 1,543 shares; non-borrowing members, 396,
holding 1,203 shares. Female shareholders, 149, holding 1,179 shares. Total
dividends credited members' during the year on instalment shares, $7,930.35;
rate 4 % per cent.
No unpaid withdrawals. Amount o f shares matured during the year,
$15,726.88. Entrance fee, 50 cents per share. Operating expenses, as
defined in section 390 of the Banking Law, incurred and paid during the
year, $950.30.
Premium plan, premium-interest. Interest paid by 'borrowing members,
5.04 per cent. No premium charged.
Loans have 'been made in Orange county, New York State. Largest m ort
gage loan outstanding, $15,000. Mortgages in force in New York State,
$310,550. No foreclosures during the year.
W ALDEN BUILDING SAVINGS AND
LOAN ASSOCIATION
Walden, N. Y.
[Organized under Law o f 1914.
Officers
P residen t..................................
S ecretary.................................
T reasurer..................................
A tto rn e y ..................................
Commenced business 1920]
Names
Post-office
C. FR ED F O W L E R .........................
W alden,
STEPH E N J. Y E A P L E .................... W alden,
D A N IE L A. O L S E N ........................... W alden,
ROBERT T . H U M E ...........................
W alden,
addresses
N. Y.
N. Y.
N. Y.
N. Y.
A SSE TS
Loans on bond and m ortgage.........................
Cash on hand and in bank.............................
Stationery and supplies.................................
$10,200 00
80 59
181 03
$10,461 62
L IA B IL IT IE S
Due shareholders, dues.....................................................................
Due shareholders,dividends credited................................................
Borrowed money
.........................................................................
Undivided profits
.........................................................................
Guaranty fund ...........................................................
$8,375
193
1,850
20
22
00
92
00
70
00
$10,401 62
R E C E IP T S
Dues credited to members..................................................................
Money borrowed ...................................................................................
Fees received ..................
Fines re ce iv e d .......................................................................................
Interest received .................................................................................
Dividends retained on withdrawals................................................
$8,530
5,175
32
7
351
00
00
75
68
25
63
$14,097 31
D ISB U R SE M E N T S
Loaned on m ortgage..........................................................................
Dues repaid on withdrawal, or applied on loans.......................
Dividends paid on withdrawal, or applied on loans...................
Cash dividends paid on income and accumulative prepaid
shares ............................................................................. .
$10,200 00
155 00
175
27 00
,268
Paid
Paid
Paid
Paid
Cash
R eport on Savings and L oan Associations
borrowed money and prior mortgages...................................
interest on borrowed money and prior mortgages. . . . . . . .
advertising, printing and postage.......................................
banking department, examination.......................................
on hand December 31, 1920....................................................
$3,325
60
237
10
80
00
40
32
25
59
$14,097 31
Plan, serial. Par value o f shares, $200. Instalments are $1 monthly.
Shares in force January 1, 1920, none; shares issued during the year, 712;
shares withdrawn during the year, 30; shares in force, 682. Borrowing
members, 5', holding 51 shares; non-borrowing members, 120; holding 631
shares. Female shareholders, 10, holding 43 shares. Total dividends cred
ited members during the year on instalment shares, $191.17; rate 4 per
cent and 5 per cent. Total dividends credited or p a id ' in cash to members
during the year on other shares, $31.50; rate 4 per cent and 5 per cent.
No unpaid withdrawals. Membership fee, 25 cents. Operating expenses,
as defined in section 390 of the Banking Law, incurred and paid during the
year, $237.32.
No premium plan. Interest paid by borrowing members, 6 per cent. No
premium charged.
Loans have been m ale in Orange county, New York State. Largest m ort
gage loan outstanding, $3,000. Mortgages in force in New York State,
$10,200. No foreclosures during the year.
W A R W IC K , MONROE AND CHESTER BUILDING AND LOAN
ASSOCIATION
No. 2 Lake street, Monroe, N . Y.
[Organized under Law of 1851.
Officers
President.....................
Secretary...................
Treasurer...................
Attorney.....................
Commenced business 1890]
Names
JOHN H. CARPENTER
GEO. C. ROGERS...........
GEORGE M. ROE.........
M. N. KANE...................
Post-office addresses
Monroe, N. Y.
Monroe, N. Y.
Chester, N. Y.
Warwick, N. Y
ASSETS
Loans on. bond and mortgage...................................
Loans on shares ........................................................
Stocks and bonds.......... .............................................
Cash on hand and in bank.......................................
Furniture and fixtures ..............................................
Interest, premium, fees and fines due and unpaid
$264,375
7,400
15,000
2,154
400
2,739
00
00
00
43
00
91
$292,069 34
LIABILITIES
Due shareholders, dues .....................................
Due shareholders, dividends credited...............
Guaranty fund ......................................................
$233,487 52
52,768 37
5,813 45
$292,069 34
RECEIPTS
Cash on hand January 1, 1920..........................................................
Dues credited to members..................................................................
Money borrowed ...................................................................................
Mortgages redeemed, foreclosed or transferred to real estate. .
$22,408
48,486
21,000
26,980
89
00
00
00
Orleans
269
County
Loans on shares repaid........................................................................
Fines received .......................................................................................
Interest received .................................................................................
Dividends retained on withdrawals...............................................
Attorneys’ fees .....................................................................................
Fees on mortgage loans......................................................................
Sale of b o o k s .........................................................................................
$3,105
540
15,690
778
879
73
27
00
69
70
42
20
27
25
$139,969 42
DISBURSEMENTS
Loaned on mortgage...........................................................................
Loaned on shares...................................................................................
Dues repaid on withdrawal, or applied on loans...........................
Dividends paid on withdrawal, or applied on loans.....................
Paid matured shares ................................................................
Paid borrowed money and prior mortgages.................................
Paid interest on borrowed money and prior mortgages............
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage...................................
Paid rent ...............................................................................................
Paid banking department, examination.......................................
Paid banking department, assessment............................................
Oificers’ bonds .....................................................................................
State League dues.................................................................................
Recording fees .....................................................................................
Attorney’s fees .....................................................................................
Cash on hand December 31, 1920.. ..................................................
$82,500
2,510
8,729
2,531
18,413
21,000
634
545
57
47
24
9
28
7
506
272
2,154
00
00
00
19
00
00
20
00
60
25
67
13
00
00
95
00
43
$139,969 42
Plan, serial. Par value of shares, $200. Instalments are $1 monthly.
Shares in force January 1, 1920, 3,376; shares issued during the year, 901;
shares withdrawn during the year, 220; shares in force, 4,057. Borrowing
members, 186, holding 1,489 shares; non-borrowing members, 442, holding
2,568 shares. Female shareholders, 203, holding 929 shares. Total dividends
credited members during the year on instalment shares, $15,138.15; rate, 5%
per cent.
No unpaid withdrawals. Amount of shares matured during the year,
$18,413. Membership fee, 25 cents. Operating expenses, as defined in section
390 of the Banking Law, incurred and paid during the year, $684.85.
No premium plan. Interest paid by borrowing members, 5 1/10 per cent
and 6 per cent. No premium charged.
Loans have been made in Orange county, New York State. Largest mort
gage loan outstanding, $5,000. Mortgages in force in New York State,
$264,375. One foreclosure during the year.
ORLEANS COUNTY
M EDINA SAVINGS AND LOAN ASSOCIATION
City Hall, M ain street, Medina, N. Y,
[Organized under Law of 1851.
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney......................
Commenced business 1888]
Names
Post-office addresses
WILLIAM U. LE E ........................................... Medina, N. Y.
HARRY F. WEI/TON....................................... Medina, N. Y.
GEORGE A. NEWELL..................................... Medina, N. Y.
WM. H. MUNSON.....................
Medina. N. Y.
270
R eport on Savings and L oan A ssociations
assets
Loans on bond and mortgage............................................................
Stocks and bonds.................................................................................
Cash on hand and in bank................................................................
Installments due and unpaid.........................................
Interest, premium, fees and fines due and unpaid..
$398,257 41
10,846 00
18,487 24
$1,4*56 00
1,459 13
$427,590 65
LIABILITIES
Due shai’eholders, dues ....................................................................
Due shareholders,dividends credited................................................
Borrowed m o n e y ...................................................................................
Undivided profits
........................................................... ..............
Guaranty fund .....................................................................................
$348,640
43,652
18,000
4,497
12,800
50
80
00
35
00
$427,590 65
RECEIPTS
Cash on hand January 1, 1920........................................................
Dues credited to members................................................................
Money borrowed ...................................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Fees re ce iv e d ..........................
Fines received .......................................................................................
Interest received .................................................................................
$12,663
122,793
26,000
62,422
974
754
23,567
68
50
00
50
25
34
94
$249,176 21
DISBURSEMENTS
Loaned on m ortgage.............................................................................
Dues repaid on Withdrawal, or applied on loans.........................
Dividends paid on withdrawal, or applied on loans......... ..
Paid matured s h a r e s ...........................................................................
Paid borrowed money and prior mortgages.................................
Paid interest on borrowed money and prior mortgages............
Paid salaries and c le r k -h ir e ...........................................................
Paid advertising, printing and postage..........................................
Paid rent .............................................................................................
Paid banking department, examination.................................
Paid banking department, assessment............................................
State League dues and convention expenses.................................
Holdup insurance .................................................................................
Cash on hand December 31, 1920. ....................................................
$101,490
33,967
3,335
81,710
8,000
623
1,175
247
24
59
13
33
11
18,487
00
00
25
00
00
78
00
75
00
12
07
00
00
24
$249,176 21
Plan, serial. Par value of shares, $130. Instalments are 25 cents weekly.
Shares in force January 1, 1920, 8,685; shares issued during the year, 3,'697;
shares withdrawn during the year, 1,978; shares in force, 10,604. Borrowing
members, 314, holding 2,075'shares; non-borrowing members, 1,250, holding
8,529 shares. Female shareholders, 682, holding 3,412 shares. Total divi
dends credited members during the year on instalment shares, $21,257.10;
rate, 6 per cent.
No unpaid withdrawals. Amount of shares matured during the year,
$81,710. Entrance fee, 25 cents per share. Operating expenses, as defined
in section 390 of the Banking Law, incurred and paid during the year,
$1.490.75.
Premium plan, gross. Interest paid by borrowing members, 6 per cent.
N o premium charged.
Loans have been made in Orleans, Erie, Niagara and Genesee counties,
New Y ork State. Largest mortgage loan outstanding, $10,000. Mortgages
in force in New York State, $398,257.41. No foreclosures during the year.
O rleans
271
C ounty
ORLEANS COUNTY CO-OPERATIVE SAVINGS AND LOAN
ASSOCIATION
Albion, N. Y .
[Organized under Law o f 1887.
Officers
President....................
Secretary.....................
Treasurer...................
Attorney.....................
Commenced business 1889]
Names
Post-office addresses
WARREN THOMPSON....................................... Albion, N. Y.
HERBERT L. KNOWN....................
Albion, N. Y.
WILLIAM B. DYE............................................... Albion, N. Y.
HERBERT T. REED.......................................
Albion, N. Y.
ASSETS
Loans on bond and mortgage.........................
Cash on hand and in bank.............................
Suspense account ........................................... .
$3,749 00
1,528 79
41 92
$5,319 71
LIABILITIES
Due shareholders, dues........................................
Due shareholders, dividends credited..............
Undivided profits ..................................................
Guaranty fund ......................................................
$3,972
868
181
297
00
76
92
03
$5,319 71
RECEIPTS
Cash on hand January 1, 1920..........................................................
Dues credited to members..................................................................
Mortgages redeemed, foreclosed or transferred to real estate. .
Interest received ................................................................................
$593
444
2,451
298
05
00
00
50
$3,786 55
DISBURSEMENTS
Loaned on m ortgage.....................................................
Dues repaid on withdrawal, or applied on loans.........................
Dividends paid on withdrawal, or applied on loans...................
Paid salaries and clerk-hire..............................................................
Paid banking department, examination.......................................
Paid banking department, assessment............................................
Suspense account .................................................................................
Profit and loss ..............................................................................
Cash on hand December 31, 1 9 2 0 .,................................................
$700
1,283
112
100
17
1
41
1
1,528
00
00
67
00
97
20
92
00
79
$3,786 55
Plan, serial. Par value of shares, $200. Instalments are $1 monthly.
Shares in force January 1, 1920, 106; shares issued during the year, 5;
shares withdrawn during the year, 17; shares in force, 94. Borrowing
members, 3, holding 20 shares; non-borrowing members, 15, holding 74 shares.
Female shareholders, 1, holding 2 shares.
No unpaid withdrawals. Entrance fee, 25 cents per share. Operating ex
penses, as defined in section 390 of the Banking Law, incurred and paid during
the year, $107.20.
No premium plan. Interest paid by borrowing members, 6 per cent. No
premium charged.
Loans have been made in Orleans county, New York State. Largest mort
gage loan outstanding, $2,500. Mortgages in force in New York State,
$3,749< No foreclosures during th*e year*
272
R epoet on Sayings and L oan A ssociations
OSWEGO COUNTY
TH E DIM E BUILDING AN D LOAN ASSOCIATION
No. 153 West Second street, Oswego, N . Y.
[Organized under Law o f 1851.
Officers
President.....................
Secretary....................
Treasurer...................
Attorney.....................
Commenced business 1890]
Names
Post-office addresses
CHAUNCEY C. PLACE.....................
Oswego, N. Y.
WEBB G. COOPER......................................... Oswego, N. Y.
GEORGE H. CLEAVER..................................... Oswego, N. Y.
LOUIS C. ROWE................................................ Oswego, N. Y.
ASSETS
Loans on bond and mortgage............................................................
Loans on shares.....................................................................................
Stocks and bonds...................................................................................
Shares of Land Bank of State of New Y ork .................................
Contracts for the sale of real estate................................................
Real e s t a t e .............................................................................................
Cash on hand and in bank..................................................................
Furniture and fixtures........................................................................
Interest, premium, fees and fines due and unpaid.......................
Advances for taxes, insurance, etc......................
Contract loans .....................................................................................
$967,750
35,640
102,769
2,000
6,324
32,703
16,083
2,500
2,282
1,697
2,300
00
00
69
00
56
02
62
00
92
37
00
$1,172,051 18
LIABILITIES
Due shareholders, dues ..................................... ........................ . . . .
Due shareholders, dividends credited.............................................
Balance to be paid borrowers on mortgage lo a n s ..........................
Borrowed money ...................................................................................
Advances by Land Bank..................................................................
Undivided profits .................................................................................
Guaranty fund .....................................................................................
Fire in su ra n ce.......................................................................................
Accounts payable ........................................... .....................................
$878,929
158,674
3,775
75,000
12,000
11,509
31,810
290
62
69
61
00
00
00
88
00
00
00
$1,172,051 18
RECEIPTS
Cash on hand January 1, 1920.......................................................
Dues credited to members..................................................................
Money borrowed ................................................ ..................................
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares repaid............................................................ ............
Real estate sold.....................................................................................
Fees received .......................................................................................
Fines received ."....• ........ ....................................................................
Interest received .................................................................... ............
Premium received ...............................................................................
Rent received ................................ ......................................... ............
Dividends retained on withdrawals.................................................
Advances repaid . ; ...............:•............ ..
i ................................
Real estate contracts...........................................................................
Contract l o a n s .......................................................................................
Liberty loan b on d s................................................................................
Cash security .......................................................................................
Fire insurance .......................................................................... ..........
Real estate profit................................... ......................................
$22,299 70
290,912 82
100,000 00
113,240 00
9,650 00
5,230.00
798 90
38 00
54,755 26
19,497 29
2,007 05
2,187 91
1,708 17
2,065 49
2,975 00
8,700 00
2,465 15
1,814 04
3,670 00
Oswego County
Judgm ents...............................................................................................
Land Bank dividend............................................................................
Sundries .................................................................................................
273
$186 20
80 00
34 38
$644,315 36
DISBURSEMENTS
Loaned on mortgage............................................................................
Loaned on shares..................................................................................
Dues repaid on withdrawal, or applied on loans.........................
Dividends paid on withdrawal, or applied on loans..................
Cash dividends paid on income and accumulative prepaid
shares ..................................................................................................
Paid matured shares.............................................................................
Paid borrowed money and prior mortgages...................................
Paid interest on borrowed money and prior m ortgages............
Paid for real estate......................
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage.........................................
Paid repairs to real estate................................................................
Paid taxes, insurance, e tc ..................................................................
Paid banking department, examination.........................................
Paid banking department, assessment................................... •.........
Cash short .............................................................................................
Advances for taxes, insurance, etc.................................................
Fire insurance advanced....................................................................
Cash security refunded......................................................................
Land Bank advances repaid..............................................................
Heat and lig h t......................................................................................
Commission on sale of real estate....................................................
Loss on foreclosure..............................................................................
Sundries ............
Cash on hand December 31, 1920.....................................................
$261,000
19,250
179,026
39,641
00
00
91
46
13,238
60,800
30,000
3,971
755
5,351
646
2,540
1,440
234
33
46
863
1,539
4,103
2,000
575
50
96
1,028
16,083
47
00
00
36
00
68
23
02
52
35
97
36
25
04
40
00
14
00
20
38
62
$644,315 36
Plan, permanent. Par value of shares, $100. Instalments are 10 cents
weekly.
Shares in force January 1, 1920, 30,385; shares issued during the year,
8,818; shares withdrawn during the year, 4,408; shares in force, 34,795.
Borrowing members, 1,084, holding 9,756 shares; non-borrowing members,
2,032, holding 25,039 shares. Female shareholders, 1,347, holding 13,348
shares. Total dividends credited members during the year on instalment
shares, $48,784.40; rate, 7 per cent. Total dividends credited or paid in
cash to members during the year on other shares, $13,296.61; rate, 4% pet
cent, 4% per cent, and 5 per cent.
No unpaid withdrawals. Amount of shares matured during the year,
$60,800. Entrance fee, 10 cents per share. Operating expenses, as defined in
section 390 of the Banking Law, incurred and paid during the year, $7,635.40.
Operating expenses, as defined in section 390 of the Banking Law, incurred
during the year and remaining unpaid, $62.
Premium plan, instalment. Interest paid by borrowing members, 10 cents
per week per $100. Premium paid by borrowing members, 4 cents per week
per $100.
Loans have been made in Oswego, Cayuga, Onondaga and Jefferson counties,
New York State. Largest mortgage loan outstanding, $10,000. Mortgages
in fcrce in New York State, $967,750. Three foreclosures during the year.
274
R eport on Savings and L oan A ssociations
FRONTIER PERM ANENT BUILDING AND LOAN ASSOCIATION
No. 23 Arcade Building, East Bridge street, Oswego, N. Y.
[Organized under Law o f 1851.
Officers
President.. .
Secretary.. .
Treasurer. . ,
A ttorn ey.. .
Commenced business 1888]
Names
WILLIAM H. QUIGLEY.,
EDWARD KELLY.............
CHARLES G. MARSDEX
THOMAS H. KING...........
Post-office addresses
....
Oswego, N. Y.
....
Oswego, N. Y.
. . . Oswego, N. Y.
...
Oswego, N. Y.
ASSETS
Loans on bond and mortgage...... .....................................................
Loans on shares................................... .................................................
Stocks and bonds...................................................................................
Contracts for the sale of real estate................................................
Cash on hand and in bank................................................................
Furniture and fixtures........................................................................
$60,200
100
5,553
400
556
75
00
00
25
00
16
00
$66,884 41
LIABILITIES
Due shareholders, dues........ . .............................................................
Due shareholders, dividends credited..............................................
Borrowed money ...................................................................................
Undivided profits .................................................................................
Guaranty fund .....................................................................................
$49,953
14,105
1,000
332
.1,493
19
32
00
22
68
$66,884 41
RECEIPTS
Cash on hand January 1, 1920..........................................................
Dues credited to members..................................................................
Money borrowed ...................................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Fees received .........................................................................................
Interest received ...................................................................................
Premium re ce iv e d .................................................................................
Mortgage tax refund............................................................................
$2,930
13,541
7,000
5,150
52
2,766
1,349
24
03
88
00
00
05
55
71
50
$32,814 72
DISBURSEMENTS
Loaned on mortgage............................................................................
Dues repaid on withdrawal, or applied on loans............................
Dividends paid on withdrawal, or applied on loans.....................
Cash dividends paid on income and accumulative prepaid
shares ..................................................................................................
Paid borrowed money and prior mortgages....................'............
Paid interest on borrowed money and prior mortgages..............
Paid salaries and clerk-hire........................
Paid advertising, printing and postage.........................................
Paid rent ...........................................................
Paid banking department, examination.................: . . . •................
Paid banking department, a ssessm en t...........................
Officer’s Bonds ...............................
State League d u e s..................................................................
Mortgage t a x .........................................................................................
Liberty loan bonds......................................................
Sundries .................................................................................................
Cash on hand December 31, 1920....................................................
$18,850 00
5,711 15
777 05
5
6,000
190
244
1
66
36
2
10
3
94
250
17
556
00
00
00
48
40
00
00
73
00
00
00
00
75
16
$32,814 72
275
O swego County
Plan, permanent. Par value of shares, $100. Instalments are 10 cents
weekly.
Shares in force January 1, 1920, 2,064; shares issued during the year,
575; shares withdrawn during the year, 152; shares in force, 2,487. Borrow
ing members, 52, holding .836 shares; non-borrowing members, 88, holding
1,651 shares. Female shareholders, 41, holding 725 shares. Total dividends
credited members during the year on instalment shares, $3,436.55; rate,
6 per cent. Total dividends credited or paid in cash to members during the
year on other shares, $5; rate, 5 per cent.
No unpaid withdrawals. Entrance fee, 10 cents per share. Operating
expenses, as defined in section 390 of the Banking Law, incurred and paid
during the year, $341.23.
Premium plan, instalment. Interest paid by borrowing members, 5 1/5
per cent. Premium paid by borrowing members, 2 3/5 per cent.
Loans have been made in Oswego county, New York State. Largest mort
gage loan outstanding, $4,800. Mortgages in force in New York State,
$60,200. No foreclosures during the year.
LAK E CITY BUILDING AND LOAN ASSOCIATON
No. 32 Arcade Building, East Bridge street, Oswego, N. Y.
[Organized under Law of 1851.
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney......................
Commenced business 1890]
Names
Post-office addresses
.TAMES K. STOCKWELL..................................
Oswego, N. Y.
EDWARD KELLY.............................................. Oswego, N. Y.
WILLIAM H. KING.......................................... Oswego, N. Y.
THOMAS H. KING.......................................... Oswego, N. Y.
ASSETS
Loans on bond and mortgage ..........................................................
Loans on shares ...................................................................................
Stocks and bonds ................................................................................
Contracts for the sale of real e s t a t e .............................................
Real estate ............................................................................................
Cash on hand and in bank ................................................................
Furniture and fixtures ......................................................................
$238, 250
2,810
7, 250
13. 200
3. 097
7. 321
223
00
00
00
00
54
12
30
$272. 151 96
LIABILITIES
Due shareholders, dues ......................................................................
$190,760
Due shareholders, dividends c re d ite d .............................................
68, 979
Undivided profits .................................................................................
651
Guaranty fund ........ ............................................................................
11.756
Liberty loan bond instalments .............................................................................4
$272,151
25
36
56
79
00
96
RECEIPTS
Cash on hand January 1, 1920 ........................................................
Dues credited to members ................................................................
Mortgages redeemed, foreclosed or transferred to real estate..
Loans on shares r e p a id ......................................................................
Real estate sold ...................................................................................
Fees received .........................................................................................
Interest received ........................................................................ ••••
Premium received ................................................................................
Rent received .......................................................................................
Dividends retained on withdrawals ..............................................
Liberty loan b o n d s ..............................................................................
Mortgage tax refund ............
$7,670
54, 050
43. 200
2. 640
9, 500
125
12,544
6, 122
<*2
22
917
203
$137,069
86
36
00
00
00
55
29
77
S3
50
00
00
16
276
R epoiit on Savings and L oan A ssociations
DISBURSEMENTS
Loaned on mortgage ..........................................................................
Loaned on shares ................................................................................
Lues repaid on withdrawal, or applied on l o a n s .......................
Dividends paid on withdrawal, or applied on loa n s.....................
Cash dividends paid on income and accumulative prepaid
shares .................................................................................................
Paid for real estate ........................................................................ ..
Paid salaries and clerk-hire ............................................................
Paid advertising, printing and postage .......................................
Paid rent .......................; ......................................................................
Paid taxes, insurance, etc....................................................................
Paid banking department, examination ..........
Paid banking department, assessment ...........................................
Officers’ bonds .......................................................................................
State League dues ...............................................................................
Burglary insurance .............................................................................
Mortgage taxes .......... : .......................................................................
Liberty loan bonds .......................................... ...................................
Light and janitor ...............................................................................
Cash on hand December 31, 1920 ....................................................
$54, 750
3, <M)0
50, 533
10,041
00
00
11
96
1,237
7, 000
840
20
108
20
99
9
12
7
23
254
876
14
7.321
50
00
00
90
00
88
49
29
00
00
50
00
00
41
12
$137,069 16
Plan, permanent. Par value of shares, $100. Instalments are 10 cents
weekly.
Shares in force January 1, 1920, 6,917; shares issued during the year,
1,242; shares withdrawn during the year, 632; shares in force, 7,527. Bor
rowing members, 178, holding 3,018 shares; non-borrowing members, 256,
holding 4,509 shares. Female shareholders, 149, holding 2,520 shares. Total
dividends credited members during the year on instalment shares, $15,659.07;
rate 7 per cent. Total dividends credited or paid in cash to members during
the year on other shares, $1,237.50; rate 5 per cent.
No unpaid withdrawals. Entrance fee, 10 cents per share. Operating
expenses, as defined in section 390 of the Banking Law, incurred and paid
during the year, $1,025.81.
Premium plan, instalment. Interest paid by borrowing members, 5be per
cent. Premium paid by borrowing members, 2 3/5 per cent.
Loans have been made in Oswego county. New York State. Largest mort
gage loan outstanding, $7,000. Mortgages in force in New York State,
$238,250. No foreclosures during the year.
RECIPROCITY BUILDING AND LOAN ASSOCIATION
No. 22 Arcade Building, East Bridge street, Oswego, N. Y.
[Organized under Law of 1851.
Officers
President.
Secretary.
Treasurer
Attorney.
Commenced business 1890J
Names
EDGAR E. SHANNON.............
J. W. O’CONNER.....................
JOHN L. MOURNIGHAN----JOHN L. MOURNIGHAN-----
Post-office addresses
West 8th Street.
Mohawk Street.
East Bridge Street.
East Bridge Street.
ASSETS
Loans on, bond and m o r tg a g e .......................
Stocks and b o n d s .............................................
Real estate .......................................................
Cash on hand and in b a n k ...........................
Furniture and fixtures ...................................
Advances for taxes, insurance, etc................
$203,284
2.300
1.735
292
25
752
93
00
42
57
00
01
$208,389 93
Oswego C ounty
277
LIABILITIES
Due shareholders, dues ....................................................................
Due shareholders, dividends credited ...........................................
Borrowed money ..................................................................................
Undivided p r o fit s ................................................................................
Guaranty fund .....................................................................................
Unearned or rebatable p rem u im ......................................................
Unpaid rent ..........................................................................................
$160,221
30, 676
6, 800
1, 331
7, 375
1, 964
20
24
88
00
83
58
40
00
$208, 389 93
RECEIPTS
Cash on hand January 1, 1920 ........................................................
Dues credited to members ................................................................
Mortgages redeemed, foreclosed or transferred to real esta te..
Beal estate sold ..................................................................................
Fees received ..................................................................................... ..
Interest received .................................................................................
Premium received ...............................................................................
Advances repaid ...................................................................................
Liberty loan b o n d s ..............................................................................
Real estate contract ..........................................................................
Expense account repaid ....................................................................
$1, 13S 49
46, 084 92
26,515 07
1, 298 05
41 50
10, 627 06
2,193 59
1, 204 74
668 00
201 95
18 7 5
$89,992 12
DISBURSEMENTS
Loaned on mortgage ..........................................................................
Dues repaid on withdrawal, or applied on lo a n s .........................
Dividends paid on withdrawal, or applied on l o a n s .................
Cash dividends paid on income and accumulative prepaid
shares .......................................
Paid borrowed money and prior mortgages .................................
Paid interest on borrowed money and prior mortgages . . . . . . .
Paid salaries and clerk-hire..............................................................
Paid advertising, printing and postage .......................................
Paid rent ...............................................................................................
Paid taxes, insurance, etc...................................................................
Paid banking department, examinations .....................................
Paid banking department, assessment .........................................
Officers’ bonds .......................................................................................
Advances for taxes, insurance, etc...................................................
State League dues ..............................................................................
Legal services, etc..................................................................................
Desk ........................................................................................................
Repairs to office ...................................................................................
Light and janitor ...............................................................................
Cash on hand December 31, 1920.....................................................
$20. 100 00
53, 330 62
7, 960 11
2.767 50
3, 000 00
54300
986 00
125 66
59 00
62 91
107 78
7 90
6 00
258 98
7 00
202 71
45 00
96 89
32 49
292 57
$89,992 12
Plan, permanent. Par value of shares, $100. Instalments are 10 cents
weekly.
Shares in force January 1, 1920, 5,778; shares issued during the year,
415; shares withdrawn during the year, 897; shares in force, 5,296. Bor
rowing members, 240, holding 2,109 shares; non-borrowing members, 300,
holding 3,187 shares. Female shareholders, 124, holding 1,093 shares. Total
dividends credited members during the year on instalment shares, $7,060.68;
rate 5 per cent. Total dividends credited or paid in cash to members during
the year on other shares, $1,880; rate 5 per cent. Amount of filed and
unpaid withdrawals December 31, 1920, $8,500. Entrance fee, 10 cents per
278
R eport on Savings and L oan A ssociations
share. Operating expenses, as defined in section 390 of the Banking Law,
incurred and paid during the year, $1,358.04. Operating expenses, as defined
in section 390 of the Banking Law, incurred during the year and remaining
unpaid, $20.
Premium plan, premium-interest. Interest paid by borrowing members,
5 1/5 per cent. Premium paid by borrowing members, 4 cents per share.
Loans have been made in Oswego county, New York State. Largest mort
gage loan outstanding, $3,000. Mortgagesi in force in New York State,
$203,284.93. Two foreclosures during the year.
TH E SECURITY BUILDING AND LOAN ASSOCIATION
No. 100 East First street, Oswego, N. Y.
[Organized under Law of 1851.
Officers
President.....................
Secretary.....................
Treasurer...................
Attorney.....................
Commenced business 1891]
Names
Post-office addresses
WILLIAM M. BLODGETT............................... Oswego, N. Y.
WARREN M. CARRIER.................................... Oswego, N. Y
FRED M. RILE Y ................................................
Oswego, N. Y.
UDELLE BARTLETT....................................... Oswego, N. Y.
ASSETS
Loans on bond and mortgage ..........................................................
Loans on shares ...................................................................................
Stocks and bonds .................................................................................
Real estate ...........................................................................................
Cash on hand and in b a n k ............ ...................................................
Furniture and fixtures .......................................................................
Interest, premium, fees and fines due and u n p a id .....................
Advances for taxes, insurance, etc................................................. ..
$434, 435
24,772
26,872
3,570
11,173
324
2,746
1,317
00
00
17
00
30
00
06
51
$505,210 04
LIABILITIES
Due shareholders, dues .....................................................................
Due shareholders, dividends credited .............. .............................
Undivided profits ................................................................................
Guaranty fund ...................................................
$383,901
95,734
10,963
14,610
47
29
55
73
$505,210 04
RECEIPTS
Cash on hand January 1, 1920 ........................................................
Dues credited to members ................................................................
Money borrowed ..................................................................................
Mortgages redeemed, foreclosed or transferred to real esta te..
Loans on shares repaid ......................................
Real estate sold ...................................................................................
Fees received .................................
Interest received .................................................................................
Premium received ....................
Rent received .......................................................................................
Dividends retained on withdrawals ................................................
Advances repaid ............................... ..: ..............................................
Real estate, profit and loss ..................................... ........................
Liberty Loan bonds ............ ...............................................................
Rebates ....................................................................................................
$7,038 97
132,438 52
20,000 00
44,980 00
27,420 00
15,906 15
334 17
24,235 98
11,692 44
726 00
723 55
753 50
1. 773 05
2,950 00
123 16
$291,095 49
m
O tsego C o u n ty
DISBURSEMENTS
Loaned on mortgage ..........................................................................
Loaned on shares ................................................................................
Dues repaid on withdrawal, or applied on loans .......................
Dividends paid on withdrawal, or applied on lo a n s ....................
Cash dividends paid on income and accumulative prepaid
shares .................................................................................................
Paid matured shares ..........................................................................
Paid borrowed money and prior m o rtg a g e s.................................
Paid interest on borrowed money and prior m ortg a g es...........
Paid for real estate ............................................................................
Paid salaries and clerk-hire ............................................................
Paid advertising, printing and p o s ta g e .........................................
Paid rent ...............................................................................................
Paid repairs to real e s t a t e ................................................................
Paid taxes, insurance, etc..................................................................
Paid banking department, examination .......................................
Paid banking department, assessment ...........................................
Officers’ bonds ............
@FedFRASER