State Library
OF
MASSACHUSETTS.
B.
Return as Soon as Used.
V).
PUBLIC DOCUMENT .... .... No. 8.
TWENTY-FOUKTH ANNUAL REPORT
OF THE
Board of Commissioners
OF
SAVINGS BANKS.
1899.
P AKT II.
RELATING TO
CO-OPERATIVE BANKS, COLLATERAL LOAN COMPANIES,
MORTGAGE LOAN AND INVESTMENT COMPANIES.
BOSTON :
WRIGHT & POTTER PRINTING CO., STATE PRINTERS,
18 Post Office Square.
1900.
OW
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in 2012 with funding from
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http://archive.org/details/twentyfourthannu18992mass
^2) A V\ O
Comm0itfotaIi^ ai Hassat^usetis.
Office of the Board of Commissioners of Savings Banks,
Room 124, State House, Boston, Feb. 7, 1900.
To the Honorable the Senate and House of Representatives in General Court
assembled.
The Board of Commissioners of Savings Banks has the honor
to present herewith Part II. of the twenty-fourth annual report
of the Board, showing the condition at close of business, Oct.
31, 1899, of
125 co-operative banks with assets of $26,744,647 30
3 collateral loan companies with assets of . . 744,260 61
1 mortgage loan company in liquidation.
1 mortgage loan company in hands of receiver.
Co-opeeative Banks.
The number of these institutions has been increased during
the past year by the addition of the
Highland Co-operative Bank,
which commenced business Feb. 27, 1899 ; this bank is located
in that part of Boston known as the Roxbury district.
Business of the Year.
During the year ending Oct. 31, 1899, the banks have re-
ceived $6,299,699.50 for monthly dues; $1,428,256.07 for
interest, $45,468.68 for premiums and $49,554.56 for fines.
During the same period there has been returned to members
$2,902,205 for dues on shares withdrawn, $57,746 for dues on
shares forfeited, $1,923,524 for dues on shares retired and
$640,994 for dues on shares matured, — a total of $5,524,469,
which sum represents amounts which the members had actually
IV
REPORT OF THE
[Pub. Doc.
paid into the banks from time to time on monthly instalments
of dues.
In addition to the above sums, there was paid to members
$285,181.63 as profits on shares matured, $506,141.27 as
profits on shares retired, and those members whose shares were
withdrawn or forfeited had been credited with $452,951.49 in
profits on shares withdrawn and $8,672.17 in profits on shares
forfeited; these amounts, aggregating $1,252,946.56, represent
the earnings of the dues eliminated.
The total number of shares issued during the year was
131,040, and the number eliminated was divided as follows : —
Shares withdrawn, 86,481
Shares forfeited, 2,772
Shares retired, . . . . . . . . 22,103
Shares matured, 4,569
Total, . . . . ...
The net increase during the year being
115,925
15,115
The total number of shares in force Oct. 31, 1899, was
530,589 ; these shares are distributed among 68,349 holders,
who are liable for a monthly payment of $1 per share upon
each share held by them ; this involves an aggregate saving of
$530,589 each month, or of $6,367,068 annually.
The number of shares pledged for loans is 153,276, as against
149,181 on Oct. 31, 1898.
Profits distributed.
The following statement gives the rate per cent, at which
profits have been distributed during the year
1 bank distributed profits at the rate of
1 bank " " "
1 bank " " "
1 bank " " "
4 banks " " "
1 bank " " "
17 banks " " "
1 bank " " "
1 bank
6 banks " " "
1 bank " " "
3
4
4f
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5
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per cent.
* Highland Co-operative Bank paid only one dividend.
No. 8.] SAVINGS BANK COMMISSIONERS.
15 banks distributed profits at the rate of
3 banks
1 bank
1 bank
8 banks
50 banks
4 banks
4 banks
4 banks
54
m
6
64
per "cent.
A comparison of the rates at which profits have been distrib-
uted during the past five years is exhibited in the following
statement : —
1895.
1896.
1897.
1898.
1899
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* New banks, paying only one dividend.
VI
IMPORT OF THE
[Pub. Doc.
Receipts and Disbursements.
The following consolidated statement of the receipts and dis-
bursements of all the banks during the year shows fully the
various items under which such transactions arise : —
Detailed Statement of Receipts and Disbursements for the Year ending Oct.
31, 1899.
Receipts.
From dues capital, .
From Interest, .
From premiums,
From fines,
From transfer fees,
From real estate loans repaid
From real estate loans elimi
nated by foreclosure, .
From real estate loans elimi
nated by maturity of shares
From share loans repaid,
From withdrawal profits,
From forfeiture profits, .
From forfeited snares, .
From expense,
From real estate,
From notes and bonds, .
From retired shares,
From matured shares,
From personal accounts,
From advance payments,
From uncompleted mortgage
loans
From mortgages,
From sundries,
Cash on hand Oct. 31, 1898,
&6,299,699 50
1,428,256 07
45,468 68
49,554 56
342 30
4,839,608 40
455,802 12
212,425 00
943,156 30
51,154 52
1,590 08
25,062 95
3,314 29
379,687 94
14,542 52
306,326 05
157,113 49
42,957 42
20,707 85
31,906 91
48,856 66
39,200 57
771,406 06
$16,168,140 24
Disbursements.
For real estate loans,
For share loans, . .
For dues capital (withdrawn),
For dues capital (forfeited),
For dues capital (retired),
For dues capital (matured),
For profits capital withdrawn,
For profits capital forfeited,
For profits capital retired,
For profits capital matured,
For temporary expenses,
For permanent expenses,
For forfeited shares,
For interest, .
For real estate,
For retired shares,
For matured shares,
For notes and bonds,
For personal accounts, .
For advance payments, .
For uncompleted mortgage
loans, ....
For mortgages,
For sundries, ,
Cash on hand Oct. 31, 1899,
$5,952,665 70
1,043,487 25
2,902,205 00
57,746 00
1,923,524 00
640,994 00
452,951 49
8,672 17
506,141 27
285,181 63
128,987 52
2,087 97
24,538 14
26,565 92
502,257 45
306,047 40
144,689 87
45,107 50
37,069 59
18,367 78
32,083 75
67,661 08
34,645 80
1,024,461 96
$16,168,140 24
A comparison of the above statement with a similar statement
in our last report shows an increase of $119,273.52 in dues
received and of $259,400 in dues charged out.
Receipts for interest and premiums were $4,714.32 in excess
of the sum received in the year preceding.
The sum credited to real estate loans repaid is $318,205.68
more than the same item last year, and the sums charged out
for such loans is $208,791.89 less than in the year previous.
In this connection it should be remembered that the item of
real estate loans repaid, as also the disbursements for loans
made, are both increased, owing to the fact that when the
interest rate on a loan is decreased by a repurchase of the
money the amount is credited as a loan repaid at the old rate
and debited as a new loan at the new rate.
No. 8.] SAVINGS BANK COMMISSIONERS. vii
The amount disbursed for share loans is $52,225.05 more
than in the year previous ; the amount of such loans repaid was
$1,547.61 less than in the previous year.
The sum disbursed for expenses, say $128,987.52, exceeds
the amount disbursed during the year preceding in the sum of
$3,221.27; the ratio of expenses to dues is ffifc of one per
cent., and of expenses to assets yq~qo °^ one Per cent-
Shares Matured.
During the past year 49 banks have matured shares, to the
extent in all of 4,569 in number.
The average time required to reach maturity was 139^
months, the average the year preceding being 139'^ months.
The amount of real estate loans cancelled by the maturity of
shares is returned as $212,425, as against $136,000 thus re-
turned the previous year ; this is a very pleasing exhibit,
illustrating as it does the practical working of the plan of co-
operative banking, by which the payment each and every
month of a small sum, even if required to be made for a period
of nearly twelve years, results in the cancellation during the
past year of an indebtedness of almost a quarter of a million of
dollars in this Commonwealth alone.
The following table gives the names of those banks in which
shares have reached maturity during the year, the number of
months in each case the shares have been in force, with other
facts of interest connected with such maturity : —
Vlll
KEPOKT OF THE
[Pub. Doc.
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No. 8.] SAVINGS BANK COMMISSIONERS.
Xlll
Shares Retired.
The number of shares retired during the year, say 22,103,
is considerably in excess of the number retired in the previous
year, 20,694, and is in part owing, no doubt, to the inability
of the banks to readily loan their monthly receipts.
While complaint unquestionably sometimes arises on the part
of those whose shares are retired, the wisdom of the statute
which not only permits, but requires in certain cases, the re-
tirement of shares, is every year made more manifest ; such
complaints would be partially obviated if the banks in which
they occur would limit the issue of shares to such a number
as would only call for monthly payments sufficient to meet
demands for loans.
Neglect on the part of a few banks to retire shares in exact
accordance with the statute is again noticed, but as upon in-
vestigation there did not appear to be wilful non-compliance
with the law, no action has been taken by the Board other than
to call attention of the proper officers of the banks thereto, and
to request an immediate correction of the omission.
Liabilities and Assets.
The consolidated balance sheet which follows exhibits the
several items of liabilities and assets, as shown by the annual
r eports of the several banks : —
Liabilities.
Classification.
Amount
Oct. 31, 1899.
Increase.
Decrease.
Dues capital,
Profits capital (all series),
Interest, .
Premiums
Fines,
Transfer fees, .
Withdrawal profits, .
Forfeiture profits,
Guaranty fund, .
Surplus
Forfeited share account, .
Advance payments, .
Matured share account,
Retired share account,
Due on loans,
Sundries, . . . .
$22,034,824 86
4,057,313 08
153,657 04
5,245 81
5,412 32
51 25
7,284 09
774 66
183,131 22
241,170 50
13,608 44
6,849 03
17,570 78
6,327 58
4,166 70
7,259 94
$26,744,647 30
$788,656 50
113,412 07
81 84
17,754 81
24,714 69
196 09
654 41
12,423 62
278 65
$3,302 86
1,158 30
33 72
13 25
739 98
176 84
1,454 03
XIV
KEPOKT OF THE
[Pub. Doc.
Assets.
Classification.
Amount
Oct. 31,1899.
Increase.
Decrease.
Loans on real estate,
Loans on shares, ....
Permanent expense account, .
Temporary expense account, .
Real estate by foreclosure,
Dues'unpaid,
Unpaid interest, ....
Unpaid premiums, ....
Unpaid fines,
Bonds and notes of cities and towns,
Loans on public funds,
Mortgages,
Sundries,
Cash
$23,270,571 29
1,109,349 42
10,436 71
14,212 96
890,604 57
25,874 00
130,952 77
4,851 80
10,882 61
92,939 31
22,500 00
124,970 27
12,039 63
1,024,461 96
$26,744,647 30
$444,830 18
100,330 95
697 58
115 42
108,234 15
3,066 00
6,022 58
521 45
10,012 48
22,500 00
17,997 28
253,054 88
$220 81
15,868 44
A comparison of the foregoing statement with a similar one
in the report for 1898 reveals an increase —
In dues capital of
In profits capital of
A total of .
$788,656 50
113,412 07
$902,068 57
This comparatively small increase in the working capital of
the banks is readily explained by the facts stated on a previous
page, that, while nearly $6,300,000 has been received for dues
paid in during the year, over $5,500,000 has been charged out
in the elimination of shares.
During the year the sum of $1,366,888.40 has been credited
to profits capital, while in addition to $791,322.90 paid out on
shares retired and matured, the sum of $461,623.66 has been
charged out on account of shares withdrawn and forfeited.
Guaranty fund and surplus accounts, amounting to a total
of $424,301.72, show an increase of $42,469.50 over the total
in October, 1898.
Loans on real estate show an increase of $444,830.18 and
loans on shares an increase of $100,330.95 over the amounts
outstanding on Oct. 31, 1898. The amount of increase in
loans is $356,907.44 less than the increase in working capital;
this is accounted for in part by the increase in the item of cash
on hand, which is $253,054.88 in excess of the sum held on
Oct. 31, 1898.
No. 8.] SAVINGS BANK COMMISSIONERS. xv
Of the cash on hand, the sum of $23,898.36 is due for shares
matured and retired and $4,166.70 is due to borrowers; in
addition to these amounts, the sum of $220,580.98 is reported
as sold, leaving uninvested $775,815.92 ; as compared with the
returns of Oct. 31, 1898, this shows an increase of $222,834.74.
The items of unpaid interest and premiums show an increase
of $5,801.77 over the sum given in the previous report, and
now amount to $135,804.57 ; while the combined surplus of
the banks is considerably in excess of this amount, in the case
of some banks the as^re^ate of these items exceeds the amount
of both their surplus and guaranty fund accounts. This large
sum, $135,800, carried as an asset, the value of which is liable
to be more or less in doubt, is an element in the business of
the banks which should receive close scrutiny, inasmuch as it
is customary, when making a division of profits, to treat the
items of interest and premiums unpaid, as well as paid, as
earnings on which to base dividends.
As long as a bank is able under this system to pay fair divi-
dends, and carry to the credit of surplus account an amount
sufficient to cover any loss which may occur from inability to
collect a portion of such overdue amounts, no harm is likely
to arise ; but in some instances, even without making such an
allowance, banks have had to draw upon their surplus to a small
amount to keep up uniformity in their dividends. Under the
circumstances named, it seems to this Board that some statutory
provision might be made to limit the use of these items in such
w^ay as would secure the banks from any difficulty that may
ultimately arise in consequence of the practice heretofore pre-
vailing.
Investments in Bonds.
In our last report we expressed the hope that those banks
which had purchased bonds at more or less premium, if a
demand from borrowers for the money so invested did not
arise, would sell the bonds and use the proceeds to retire shares ;
but this suggestion has not generally been adopted, one bank
only having reduced its holdings, — in fact, the bank which last
year held the largest amount in bonds has increased its holdings
during the past year.
xvi REPORT OF THE [Pub. Doc.
Transactions which have occurred during the year have con-
vinced this Board that the holding of such investments is injurious
to the best interests of those who are using the banks in order to
procure homes, and tends to undermine the legitimate purpose
for which co-operative banks were established.
The reports of the banks printed herewith discloses the fact
that in two instances banks, having money for which there was
not a demand from borrowers, have made loans on notes secured
by a pledge of municipal bonds as collateral for a short time,
intending, if demand for the money should not arise, to use the
amount in the retirement of shares ; this course, it is expected,
will also be adopted by those banks which hold short-time town
notes. Such transactions do not seem objectionable, but we
believe that some legislation in the direction of limiting the
investments in bonds should be adopted for the best interest of
the system and of those for whose benefit it was established.
The banks which have investments in bonds are as follows : —
Haverhill, amount, . . |6 1,000; value on books, $61,000 00
Marblehead, amount, . . 2,000 ; value on books, 2,069 31
Somerville, amount, . . 20,000 ; value on books, 21,620 00
Those banks which hold town notes are : —
Athol, amount, $1,250 00
Marlborough, amount, 5,000 00
North Dighton, amount, 2,000 00
And the following have loans on municipal bonds : —
West Roxbury, amount, f 15,000 00
Winchester, amount, 7,500 00
The total of all these items being $115,439.31.
Interest on Loans.
Under the present form of returns we are able for the fourth
time to compile a table showing the rates of interest the banks
are receiving on loans outstanding Oct. 31, 1899. The amounts
loaned at each particular rate arc given for both the past and the
preceding year.
No. 8. J SAVINGS BANK COMMISSIONERS. xvii
I mm. IS09.
Loaned at 6 per cent., .... f 2,645,606 86 96,719,489 40
Loaned between 5 and 6 per cent, , . 961,28194 1,862,004 80
Loaned at 6 per cent 0,685,868 66 6,622,606 06
Loaned between 6 and 6^, percent., . 1,169,978 w> 917,496 72
Loaned at 6^ (=6 cents premium), , . 9,164,062 69 7,847,076 84
Loaned between 6^ and 7 per cent., . 2,988,481 66 2,119,226 26
Loaned at 7 per cent, .... 81,74000 19,74000
Loaned between 7 and 8 per cent., . . 872,479 64 262,229 64
Loaned at 8 per cent., .... 2,100 00 780 00
Loaned at oyer 8 per cent, . . . 88,176 00 19,826 00
Totals, 828,884,769 68 $24,879,920 71
The above table discloses the fact that while in 1898 the loans
at 6A per cent, (the equivalent of <> per cent, interest and 5
cents premium) and less, amounted to $20,40(5,78;}, in L899
they amounted to (21,968,670; the loans at tales in excess
of(;t30, which in L898 amounted to $3,427,976, were in 18!)!)
but $2,41 L,249.
By the above comparison il will be readily seen that the
earning capacity of the hunks is still being reduced ; dividends
are necessarily at lower rates, and the time required to mature
shares consequently Lengthened. Notwithstanding the changed
conditions, we believe the many advantages offered by a co-
operative bank, when properly and conservatively conducted,
for persons to procure homes, will be so apparent as to prevent
any liability of failure in the system of co-operative banking,
carefully guarded, as it is in this Commonwealth, by statutory
provisions.
The average rate of interest on real estate loans now pending
is 5.902 -f- per cent,., and that on share loans is 5.770 -j-.
Real Estate held under Foreclosure ok Mortgages.
This item shows a relatively smaller increase than was the
case for the year ending Oct. 31, 18!)tf, and we can but hope
that, with tin; prevailing thrift in tin; community, there may
soon arise a demand for homes which will enable the banks to
gradually dispose of their holdings to advantage.
The transactions during the year in estates are shown in the
following statement : —
xviii REPORT OF THE [Pub. Doc.
Balance as shown in statement of Oct. 31, 1898, 360 estates, 1782,370 42
Acquired during the year, 230 estates, 436,960 93
Expenses incurred during the year, 54,430 88
Balances paid to mortgagors, . . . 2,239 41
Gains on estates sold during the year, . . . . . 4,613 62
$1,280,615 26
Received for 185 estates disposed of during
the year, $336,844 59
Rents, etc., received, 28,475 08
Losses incurred by sales or charged off to
cover depreciation, ..... 27,267 14
■ 392,586 81
Balance as shown by books Oct. 31, 1899, 405 estates, . $888,028 45
The above balance differs from the sum shown in the table
of assets in consequence of some banks carrying personal
accounts growing out of transactions with estates held under
foreclosure.
The foregoing statement indicates an increase of 45 estates
and of $108,234.15 in amount, as compared with a similar
statement in the preceding report, and the number of banks
thus holding estates is increased from 72 to 83.
Of the 405 estates held, 224 of them, standing on the books
of the banks at $469,485.18, are situated in the cities and towns
where the banks holding them are located ; and the remaining
181 estates, standing at $421,119.39, are more or less distant
from the location of the bank.
The item of mortgages (taken in the common form in part
payment of estates sold) shows an increase of $17,997.28 as
compared with the statement of a year ago ; and the aggregate
amount, as shown on the books of the banks, of mortgages and
real estate held, is now $1,015,574.84, or about 3.79 per cent,
of the total assets of the institutions.
Sales of Real Estate.
The attention of this Board has recently been called to the
provisions of section 19, chapter 117, Public Statutes, as
amended by section 2 of chapter 247, Acts of 1898, which
reads as follows : —
No. 8.] SAVINGS BANK COMMISSIONERS. xix
" Any such corporation may purchase at any sale, public or private,
any real estate upon which it may have a mortgage, judgment, lien
or other incumbrance, or in which it may have an interest, and may
sell, convey or lease the real estate so purchased, and, on the sale
thereof, may take a mortgage in common form thereon to secure the
payment of the whole or part of the purchase money. All real estate
so acquired shall be sold within five years from the acquisition of the
title thereto : provided, however, that the board of commissioners of
savings banks may, upon the petition of the security committee of
any such corporation and for good cause shown, grant an additional
time for the sale of the same."
It is claimed, and we think with some good reason, that
banks cannot take a mortgage in common form on property
acquired otherwise than as stated in the act quoted ; and we
recommend that the law be amended so as to authorize a bank
to sell any real estate held by it on the same terms as is now
given it in case of property acquired as stated in the act re-
ferred to.
Banks with Branch Offices.
It has recently come to the notice of this Board that in a few
instances banks have put out signs in places other than their
regular office, and in other cases have advertised as having
offices at other points ; and there appears to be at present no
provision of statute to prevent this. In the opinion of this
Board, however, such action is not in accord with the theory
upon which the system was founded ; and we recommend that
it be provided by statute, as it is now in the case of savings
banks, that every such bank shall carry on its usual business
at its usual office only.
Withdrawal Profits and Fines.
These questions are being continually discussed by the officials
of the banks and others, and we think there is a ^rowino; belief
that many of the banks are charging too high a rate for fines,
and reserving too large a portion of the profits credited to
shares when the same are voluntarily withdrawn. We believe
legislation upon these points could be devised which would be
for the benefit of shareholders, without special detriment to the
banks themselves.
xx REPORT OF THE [Pub. Doc.
COLLATERAL LOAN COMPANIES.
The companies transacting business of this character are
three in number, viz. : —
The Collateral Loan Company of Boston,
The Workingmen1s Loan Association of Boston, and
The Worcester Collateral Loan Association of Worcester.
All the companies have been examined by an expert account-
ant, appointed by this Board, and their annual returns are in
each case attested to by the State director of the company.
Collateral Loan Company of Boston : the loans of this com-
pany outstanding October 31 last were $437,831.50, as against
$411,351.29 on Oct. 31, 1898. During the year the company
has reduced its rate of interest on loans from 1J- per cent, to
1^ per cent, a month.
Workingmen's Loan Association : the outstanding loans of
this company on October 31 last were $3,968.32 less than the
amount the year previous, and the company owed $6,000 less
on notes payable Oct. 31, 1899, than it did on Oct. 31, 1898.
The Worcester Collateral Loan Association has during the
year increased its capital from $30,000 to $45,000, and its
loans from $37,530.72 to $44,776.91, and has paid all its out-
standing notes. It has recently opened a pledge department,
and is now loaning on pledges of watches, jewelry, etc., in
addition to its former business of loaning only on chattel
mortgages.
.No. 8.] SAVINGS BANK COMMISSIONERS. xxi
MOETGAGE LOAN COMPANIES.
The National Mortgage and Debenture Company.
This company is virtually in liquidation, and there has been
but little change in its affairs during the year.
Globe Investment Company.
During the year an important decision has been made by the
court ; this is, that loans collected by the company, and not
paid over to the owners thereof, are entitled to priority in the
distribution of the assets. There are over 1,100 of these
claims, and these must be presented to the receiver for proof
of claim before February 15 instant. The dividend on these
claims must necessarily be quite small.
When the receiver can finally close his trust it is impossible
at present to predict.
xxii REPORT OF THE [Pub. Doc.
FOREIGN COMPANIES.
Of the three companies heretofore doing business in this
Commonwealth under license of this Board, we have to report
as follows : —
Minnesota Saving Fund and Investment Company.
This company, having considerable real estate in its posses-
sion which it is unable to sell at fair prices, has been for some
time unable to accumulate the large amount required to meet
the demands of withdrawing members, and action is now being
taken to secure a distribution among the shareholders, resident
in this Commonwealth, of the deposit with the Treasurer and
Receiver-General .
Attempts have recently been made to induce shareholders to
appoint certain parties as attorneys to collect their claims
against this fund ; such action is, however, uncalled for, and
would involve unnecessary expense, inasmuch as at the proper
time, and that very soon, they can themselves collect what is
due them by submitting their claims to the duly authorized
person appointed by the court.
After shareholders resident in this Commonwealth have
received their proportion of this fund, they will still have a
claim on the other assets of the company, in common with the
other shareholders, but it will probably be a considerable time
before the company will realize an amount sufficient to pay all
withdrawals in full ; in fact, acting upon the recommendation
of the public examiner of Minnesota, it is proposed that not
more than 75 per cent, of the original deposit shall be paid
to any withdrawing member until all stock filed has received
that proportion, after which a final settlement will be made ;
this will be dependent upon the result of sales of the real estate
now held by the company.
No. 8.] SAVINGS BANK COMMISSIONERS. xxiii
Security Savings and Loan Association of Minneapolis.
The receiver of this company, Hon. Robert D. Russell,
informs us that all who have filed claims against the com-
pany have been paid a dividend of 21 14 Per cent, thereon ; he
expects to pay another dividend early this year, but how
much and when he is not able at present to say.
The receiver hopes to make a final settlement during this or
early in the coming year.
American Building, Loan and Investment Society of
Chicago.
The former receiver of this company, W. K. Sullivan, Esq.,
died early last year, and Henry W. Brant was appointed his
successor in April last.
The receiver reports that three dividends have been paid to
stockholders, say two of 10 per cent, each and one of 4 per
cent., the last in December, 1898.
It is difficult to say what future dividends will be paid, as
it depends entirely upon the ability of the receiver to sell the
real estate belonging to the company at a fair price. Pending
litigation will probably prevent the receivership being closed
within the next two years at least.
STARKES WHITON,
WARREN E. LOCKE,
JAMES O. OTIS,
Board of Commissioners of Savings Banks.
ABSTRACT OF ANNUAL EEPOETS
CO-OPERATIVE BANKS,
SHOWING THEIR
CONDITION AT CLOSE OF BUSINESS
October 31, 1899.
REPORT OF THE
[Pub. Doc.
ACUSHNET CO-OPERATIVE BANK — NEW BEDFORD.
Incorporated Nov. 15, 1889. Commenced business Nov. 16, 1889.
Rufus A. Soule, President. Charles R. Price, Secretary.
Edgar Lord, Treasurer.
Names of security committee :
Lot B. Bates, "William A. Kirbt,
Jasper W. Braley.
Regular meetings the fourth Saturday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
Loans on shares, .
Permanent expense account, .
Real estate by foreclosure, .
Unpaid interest,
Unpaid dues, ....
Unpaid fines, ....
Suspense account, .
Personal accounts,
Cash in hands of treasurer, .
$125,815 00
9,165 00
85 20
3,275 20
946 11
1,021 00
88 18
9 00
171 89
5,628 38
Dues capital,
Profits capital (all series), .
Guaranty fund, .
Surplus, ....
Forfeited share account,
Due on mortgage loans,
Personal account,
$120,640 00
23,912 69
908 04
663 33
43 68
18 71
18 51
$146,204 96
$146,204 96
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Receipts.
Disbursements.
From dues capital,
$31,829 00
For real estate loans, .
$46,910 00
interest,
7,968 05
share loans, .
7,095 00
fines, ....
243 20
dues capital withdrawn,
21,531 00
transfer fees,
1 00
dues capital forfeited, .
1,413 00
real estate loans repaid,
48,360 00
dues capital retired,
11,400 00
real estate loans elimi-
profits capital withdrawn,
3,625 99
nated by foreclosure,
6,800 00
profits capital forfeited, .
191 98
share loans repaid,
5,700 00
profits capital retired, .
3,705 06
withdrawal profits,
331 37
temporary expenses,
901 27
forfeiture profits, .
25 00
forfeited shares,
1,581 66
forfeited shares, .
1,581 66
interest on retired shares,
152 59
real estate by foreclos-
real estate by foreclosure,
5,955 26
ure, ....
2,680 06
uncompleted mortgage
uncompleted mortgage
loan account,
5,758 85
loan account, .
5,777 56
personal accounts,
14,209 63
personal accounts,
15,371 66
Cash on hand Oct. 31, 1899, .
5,628 38
Cash on hand Oct. 31, 1898, .
3,391 11
$130,059 67
$130,059 67
No. 8.] SAVINGS BANK COMMISSIONERS.
Total Amount of Loans at Specified Rates of Interest.
Loans on Real Estate.
Loans on Shares.
Amount.
Rate.
Amount.
Rate.
Amount.
Rate.
$37,825 00
73,615 00
5,450 00
2,000 00
1,400 00
2,200 00
1,675 00
5.50 per cent.
6.06 "
6.12 "
6.18 "
6.24 "
6.36 "
6.42 "
$1,150 00
375 00
125 00
6.48 per cent.
6.60 "
6.66 "
$6,090 00
2,835 00
90 00
30 00
80 00
20 00
20 00
5 50 per cent.
6.06 "
6.12 "
6 36 "
7.02 "
7.08 .«
726 "
Reconciliation of Share Account with Dues and Profits Capital.
Date of
05
S.S
— ' OJ
a> <_
a
Issue.
'S
SB
c3»>
o
go
>
co
H
Nov., 1889, .
1
$163 74
25
$4,093 50
Dues capital, as per gen-
May, 1890, .
2
153 01
68
10,404 68
eral ledger,
$120,640 00
Nov., 1890, .
3
142 62
75
10,696 50
Profits capital, as per
May, 1891, .
4
132 52
59
7,818 68
general ledger, .
23,912 69
Nov., 1891, .
0
122 74
122
14,974 28
Mav, 1892, .
6
113 23
72
8,152 56
Nov., 1892, .
7
104 03
141
14,668 23
May, 1893, .
8
95 09
64
6,085 76
Nov., 1893, .
9
86 40
47
4,060 80
May, 1894, .
10
77 97
48
3,742 56
Nov., 1894, .
11
69 79
111
7,746 69
May, 1895, .
12
61 84
125
7,730 00
Nov., 1895, .
13
54 13
200
10,826 00
May, 1896, .
14
46 65
157
7,324 05
Nov., 1896, .
15
39 38
234
9,214 92
May, 1897,.
16
32 32
143
4,621 76
Nov., 1897, .
17
25 48
200
5,096 00
May, 1898, .
18
18 84
129
2,430 36
Nov., 1898, .
19
12 38
212
2,624 56
May, 1899, .
20
6 10
348
2,122 80
118 00
Total, .
Dues paid in
idva
ace, .
•
Total,
$144,552 69
$144,552 69
Number of shares issued during the year, 599
Number of shares now in force, 2,580
Number of shares now borrowed upon, 979
Largest number of shares held by any one member, .... 25
Number of shares withdrawn during the year, 544
Number of shares forfeited during the year, 52
Number of shares retired during the year, 100
Highest rate of premium or interest received on money sold during the year :
1 cent premium.
Lowest rate of premium or interest received on money sold during the year :
5£ per cent.
Rate of profits distributed : 1st term, 2J per cent. ; 2d term, 2§ per cent.
Number of members withdrawn during the year, 77
Present number of members, 373
Present number of borrowers, 120
Present number of non-borrowers, 253.
Number of loans secured by first mortgage of real estate, ... 76
Number of loans on shares, 44
Largest loan to any one member 5,000 00
Smallest loan to any one member, 10 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, . 901 27
Date of examination by commissioner : June 29.
KEPORT OF THE
[Pub. Doc.
ADAMS CO-OPERATIVE BANK — ADAMS.
Incorporated Dec. 17, 1895. Commenced business March 10, 1896.
A, B. Mole, President. Frank Hanlon, Secretary and Treasurer.
Names of security committee :
E. BURLINGAME, S. L. A. HaLL,
George B. Adams.
Regular meetings the second Tuesday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
Loans on shares, .
Permanent expense account,
Cash in hands of treasurer, .
$38,320 87
3,240 00
144 60
304 49
$42,009 96
Dues capital,
Profits capital (all series) ,
Interest,
| Guaranty fund, .
Forfeited share account,
§38,784 00
3,119 40
5 00
36 56
65 00
$42,009 96
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Receipts.
Disbursements.
From dues capital,
$18,097 00
For real estate loans, .
$31,040 87
interest,
1,948 71
share loans, .
5,318 00
fines, ....
66 27
dues capital withdrawn,
4,247 00
real estate loans repaid,
16,100 00
dues capital forfeited, .
54 00
share loans repaid,
4,213 00
profits capital withdrawn,
222 32
withdrawal profits,
25 30
profits capital forfeited,
3 87
forfeited shares, .
54 00
temporary expenses,
149 98
Cash on hand Oct. 31, 1898, .
892 25
permanent expenses,
22 00
forfeited shares,
34 00
Cash on hand Oct 31, 1899, .
304 49
$41,396 53
$41,396 53
No. 8.] SAYINGS BANK COMMISSIONERS.
Total Amount of Loans at Specified Rates of Interest.
Loans on Real Estate.
Loans on Shares.
Amount.
Rate.
Amount.
Rate.
Amount.
Rate.
$38,320 87
6 per cent.
-
-
$3,240 00
6 per cent.
Reconciliation of Share Account with Dues and Profits Capital,
Date of
CO
u
a> •
c .
as o
Issue.
"C
s3 rv.
o
u.
>
QQ
EH
Mar., 1896, .
1
$48 73
388
$18,907 24
Dues capital, as per gen-
Nov., 1896, .
2
39 16
153
5,991 48
eral ledger,
$38,784 00
May, 1897, .
3
32 20
105
3,381 00
Profits capital, as per
Nov., 1897, .
4
25 40
255
6,477 00
general ledger, .
3,119 40
May, 1898, .
5
18 78
110
2,065 80
Unpaid dues,
161 00
Nov., 1898, .
6
12 35
299
3,692 65
May, 1899, .
7
6 09
247
1,504 23
45 00
Total, .
Dues paid in
adva
nee, .
•
Total,
$42,064 40
$42,064 40
Number of shares issued during the year, 625
Number of shares now in force, 1,557
Number of shares now borrowed upon, 365
Largest number of shares held by any one member, .... 25
Number of shares withdrawn during the year, . . . . . 253
Number of shares forfeited during the year, • . 3
Highest rate of premium or interest received on money sold during the year :
6 per cent.
Lowest rate of premium or interest received on money sold during the year :
6 per cent.
Rate of profits distributed : first term, 2| per cent. ; second term, 2£ per cent.
Number of members withdrawn during the year, 40
Present number of members, 253
Present number of borrowers, 61
Present number of non-borrowers, 192
Number of loans secured by first mortgage of real estate, ... 37
Number of loans on shares, 24
Largest loan to any one member, $2,500 00
Smallest loan to any one member, 8 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, . 195 08
Date of examination by commissioner: April 25.
EEPORT OF THE
[Pub. Doc.
ALLSTON CO-OPERATIVE BANK — (Ward 25) BOSTON.
Incorporated April 8, 1887. Commenced business April 9, 1887.
I. F. Woodbury, President. George F. Taft, Secretary.
Frederick Hammond, Treasurer.
Names of security committee :
S. W. Brown, Jr., Frederick Hammond,
John Evans.
Regular meetings the second Saturday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
$240,165 48
Dues capital,
$284,045 00
Loans on shares, .
10,000 00
Profits capital (all series), .
45,936 67
Permanent expense account,
494 64
Interest, ....
5,703 78
Temporary expense account,
650 99
Premiums, .
171 57
Real estate by foreclosure, .
68,977 56
Fines, .
170 05
Unpaid interest,
3,010 17
Transfer fees,
2 50
Unpaid premiums,
139 01
Withdrawal profits,
101 43
Unpaid fines, ....
149 19
Forfeiture profits,
7 18
Suspense account, .
837 79
Guaranty fund, .
3,120 65
Mortgages
5,946 00
Surplus,
4,624 12
Cash in hands of treasurer, .
13,775 70
Forfeited share account,
249 58
Security committee,
14 00
|344,146 53
$344,146 53
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Keceipts.
DlSBUBSEMENTS.
From dues capital,
$81,516 00 ;
For real estate loans, .
$59,515 48
interest.
18,191 89
share loans, .
7,570 00
premiums, .
635 53
dues capital withdrawn,
96,694 00
fines, ....
551 97
dues capital forfeited, .
3,756 00
transfer fees,
5 25
dues capital retired,
37,805 00
real estate loans repaid,
78,830 00
dues capital matured, .
10,011 00
real estate loans elimi-
profits capital withdrawn,
18,881 16
nated by foreclosure,
31,800 00
profits capital forfeited,
528 58
real estate loans elimi-
profits capital retired, .
9,804 48
nated by maturity of
profits capital matured,
4,382.89
shares,
1,000 00
temporary expenses, .
2,311 87
share loans repaid,
31,550 00
suspense account, .
837 79
withdrawal profits,
243 69
mortgages,
6,000 00
forfeiture profits, .
52 87
interest repaid,
22 00
forfeited shares, .
89 21
premium repaid, .
1 10
security committee,
16 00
real estate by foreclosure,
39,402 94
mortgages, .
54 00
Cash on hand Oct. 31, 1899,
13,775 70
temporary expense,
275 00
real estate by fore-
closure,
30,916 37
Cash on hand Oct. 31, 1898, .
35,572 21
$311,299 99
$311,299 99
No. 8.] SAVINGS BANK COMMISSIONERS.
Total Amount of Loans at Specified Rates of Interest.
Loans on Real Estate.
Loans on Shares.
Amount.
Rate.
Amount.
Rate.
Amount.
Rate.
$133,615 48
103,150 00
5.00 per cent.
6.30 "
1 1,200 00
2,200 00
6.90 per cent.
7.20 "
$9,000 00
1,000 00
5.00 per cent.
6.30 "
Reconciliation of Share Account with Dues and Profits Capital
Date of
OD
a> *
o as
s .
in o
- -
QJ
Issue.
°n
S^5
OS ►>
O
co
>
co
E-i
Jan., 1888, .
3
$198 90
52
$10,342 80
Dues capital, as per gen-
July
, 1888, .
4
187 18
78
14,600 04
eral ledger,
$284,045 00
Jan.
1889, .
5
175 77
80
14,061 60
Profits capital, as per
July
1889, .
6
164 78
84
13,841 52
general ledger, .
45,936 67
Jan.
1890, .
7
154 14
55
8,477 70
Unpaid dues,
3,950 0G
July
, 1890, .
8
143 87
23
3,309 01
Jan.,
1891, .
9
133 92
125
16,740 00
July
1891, .
10
124 26
122
15,158 50
Jan.
1892, .
11
114 87
98
11,257 26
July
1892, .
12
105 82
86
9,100 52
Jan.
1893, .
13
97 01
211
20,469 11
July
, 1893, .
14
88 50
208
18,408 00
Jan.,
1894, .
15
80 28
279
22,398 12
July
1894, .
16
72 26
218
15,752 68
Jan.,
1895, .
17
64 53
519
33,491 07
July
, 1895, .
18
57 04
240
13,689 60
Jan.,
1896, .
19
49 73
452
22,477 96
July
1896, .
20
42 62
297
12,658 14
Jan.,
1897, .
21
35 74
455
16,261 70
July
1897, .
22
29 07
346
10,058 22
Jan.
1898, .
23
22 58
413
9,325 54
July
, 1898, .
24
16 26
806
13,105 56
Jan.,
1899, .
25
10 07
600
6,042 00
July
1899, .
26
4 00
585
2,340 00
565 00
i
Dues paid in adva
nee, .
Suspense profits,
.
.
02
Total,
r
rotal,
$333,931 67
$333,931 67
Number of shares issued during the year,
Number of shares now in force, ....
Number of shares now borrowed upon, .
Largest number of shares held by any one member,
Number of shares withdrawn during the year,
Number of shares forfeited during the year, .
Number of shares retired during the year,
Number of shares matured during the year, .
Highest rate of premium or interest received on money sold during the year :
5 per cent.
Lowest rate of premium or interest received on money sold during the year :
5 per cent.
Rate of profits distributed : 1st term, 2 per cent. ; 2d term, 2 per cent.
Number of members withdrawn during the year, 208
Present number of members 664
Present number of borrowers, 118
Present number of non-borrowers, 546
Number of loans secured by first mortgage of real estate, . . .112
Number of loans on shares, 21
Largest loan to any one member, . . . .
Smallest loan to any one member,
Amount of expenses of the corporation for the year ending Oct. 31, 1899, '.
Date of examination by commissioner : March 2.
$5,000 00
50 00
2,036 87
8
EEPORT OF THE
[Pub. Doc.
AMESBTTRY CO-OPERATIVE BANK — AMESBTJRY.
Incorporated April 10, 1886. Commenced business May 1, 1886.
"William "W. Hawxes, President. Porter Sargent, Secretary and Treasurer
Names of security committee :
"William "W. Hawkes, John Currier,
Richard E. Briggs.
Regular meetings the first Monday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
Loans on shares, .
Real estate by foreclosure, .
Unpaid interest,
Unpaid premiums,
Cash in hands of treasurer, .
$79,515 00
5,610 00
1,120 82
1,005 71
58 50
13,200 12
Dues capital,
Profits capital (all series) , .
Guaranty fund, .
Surplus,
$78,253 00
18,852 96
1,434 90
1,969 29
$100,510 15
$100,510 15
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Receipts.
Disbursements.
From dues capital,
$16,112 00
For real estate loans, .
$17,000 00
interest,
5,661 05
share loans, .
1.210 00
premiums, .
280 99
dues capital withdrawn,
4,606 00
fines, ....
217 66
dues capital matured, .
12,408 00
transfer fees,
3 00
profits capital withdrawn,
696 71
real estate loans repaid,
9,400 00
profits capital matured, .
5,254 03
real estate loans elimi-
temporary expenses,
748 97
nated by foreclosure,
1,000 00
interest on matured
real estate loans elimi-
shares,
176 00
nated by maturity of
taxes paid,
45 44
shares,
1,000 00
real estate by foreclosure,
1,075 38
share loans repaid,
650 00
Cash on hand Oct. 31, 1899, .
13,200 12
withdrawal profits,
70 47
Cash on hand Oct. 31,1898, .
22,025 48
$56,420 65
$56,420 65
No. 8.] SAYINGS BANK COMMISSIONERS.
Total Amount of Loans at Specified Rates of Interest.
Loans on Keal Estate.
Amount.
),665 00
5,050 00
Rate.
6.30 per cent.
6.60 "
Amount.
$800 00
Rate.
6.90 per cent.
Loans on Shares.
Amount.
$5,610 00
Rate.
6.30 per cent.
Reconciliation of Share Account with Dues and Profits Capital.
Date op
tn
<D ■
® OS
a3
Issue.
°C
3X5
o
CO
>
co
H
May, 1888, .
5
$196 77
34
$6,690 18
Dues capital, as per gen-
Nov., 1888, .
6
185 16
50
9,258 00
eral ledger,
$78,253 00
May, 1889, .
7
173 88
42
7,302 96
Profits capital, as per
Nov., 1889, .
8
162 94
5
814 70
general ledger, .
18,852 96
May, 1890, .
9
152 31
53
8,072 43
Unpaid dues,
1,357 00
Nov , 1890, .
10
141 98
20
2,839 60
May, 1891, .
11
131 97
34
4,486 98
Nov., 1891, .
12
122 26
29
3,545 54
May, 1892, .
13
112 84
42
4,739 28
Nov., 1892, .
14
103 67
62
6,427 54
May, 1893, .
15
94 76
36
3,411 36
Nov., 1893, .
16
86 12
60
5,167 20
May, 1894, .
17
77 75
141
10,962 75
Nov., 1894, .
18
69 60
21
1,461 60
May, 1895, .
19
61 68
19
1,171 92
Nov., 1895, .
20
53 99
106
5,722 94
May, 1896, .
21
46 53
118
5,490 54
Nov., 1896, .
22
39 28
46
1,806 88
May, 1897, .
23
32 24
169
5,448 56
Nov., 1897, .
24
25 40
53
1,346 20
May, 1898, .
25
18 77
69
1,295 13
Nov., 1898, .
26
12 33
51
628 83
May, 1899, .
27
6 08
48
291 84
80 00
Total, .
Dues paid in
adva
nee, .
•
Total,
$98,462 96
$98,462 96
Number of shares issued during the year, 99
Number of shares now in force, 1,308
Number of shares now borrowed upon 526
Largest number of shares held by any one member, .... 25
Number of shares withdrawn during the year, 110
Number of shares matured during the year 88
Highest rate of premium or interest received on money sold during the year :
5 cents premium.
Lowest rate of premium or interest received on money sold during the year :
5 cents premium.
Rate of profits distributed : 1st term, 3 per cent. ; 2d term 2£ per cent.
Number of members withdrawn during the year, 38
Present number of members, 242
Present number of borrowers, 85
Present number of non-borrowers, 157
Number of loans secured by first mortgage of real estate, ... 72
Number of loans on shares, 13
Largest loan to any one member,
Smallest loan to any one member,
Amount of expenses of the corporation for the year ending Oct. 31, 1899,
Date of examination by commissioner : June 16.
2,900 00
50 00
748 97
10
EEPORT OF THE
[Pub. Doc.
ARLINGTON CO-OPERATIVE BANK — ARLINGTON.
Incorporated Oct. 30, 1889. Commenced business Nov. 14, 1889.
George D. Moore, President. R. Walter Hilliard, Secretary.
"Warren A. Peirce, Treasurer.
Names of security committee :
George D. Moore, 0. B. Marston,
L. C. Tyler.
Regular meetings the first Tuesday of each month.
Balaxce Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
Loans on shares, .
Permanent expense account, .
Real estate by foreclosure, .
Unpaid interest,
Unpaid premiums,
Unpaid fines, ....
Cash in hands of treasurer, .
$188,150 00
6,320 00
328 79
4,755 05
244 36
3 29
45 13
1,581 92
I Dues capital,
Profits capital (all series), .
'\ Guaranty fund, .
Surplus, ....
Forfeited share account,
$165,394 00
33,609 54
543 32
1,875 88
5 80
1201,428 54
$201,428 54
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Receipts.
From dues capital,
$42,139 00
interest,
10,682 53 ;
premiums, .
139 54
fines, ....
169 67
transfer fees,
50
real estate loans repaid,
42,100 00
real estate loans elimi-
nated bv foreclosure,
1,950 00 1
share loans repaid,
1,895 00
withdrawal profits,
574 48
forfeiture profits, .
2 00
real estate by foreclos-
ure, ....
98 00
Cash on hand Oct. 31, 1898, .
1,874 91
$101,625 63
DISBURSEMENTS.
For real estate loans, .
share loans, .
dues capital withdrawn
dues capital forfeited,
dues capital retired,
profits capital withdrawn,
profits capital forfeited,
profits capital retired,
temporary expenses,
interest on retired shares,
real estate by foreclosure,
Cash on hand Oct, 31, 1899,
$56,200 00
4,735 00
17,312 00
120 00
12,690 00
2,309 39
8 00
3,090 35
1,082 44
281 06
2,215 47
1,581 92
$101,625 63
No. 8.] SAVINGS BANK COMMISSIONERS.
11
Total Amount of Loans at Specified Rates of Interest.
Loans on Real Estatk.
Loans on Shares.
Amount.
Rate.
Amount.
Rate.
Amount.
Rate.
$127,100 00
3,500 00
1,000 00
40,050 00
11,000 00
5.00 per cent.
5.25 "
5.75 "
6.00 "
6.30 «
$1,000 00
2,050 00
1,950 00
500 00
6.60 per cent.
6.90 "
7.20 "
7.50 »
$4,050 00
70 00
2,140 00
60 00
5.00 per cent.
5.75 "
6.00 «
8.70 "
Reconciliation of Share Account with Dues and Profits Capital.
Date of
u
<° ~
<o sS
Issue.
"u
3,C
"3 co
OS ►>
O
3D
>
co
E-i
Nov., 1889, .
1
$162 61
104
$16,911 44
Dues capital, as per gen-
May, 1890, .
2
151 97
113
17,172 61
eral ledger,
$165,394 00
Nov., 1890, .
3
141 62
91
12,887 42
Profits capital, as per
May, 1891, .
4
131 56
78
10,261 68
general ledger, .
33,609 54
Nov., 1891, .
5
121 78
100
12,178 00
Unpaid dues,
784 00
May, 1892, .
6
112 31
164
18,418 84
Nov., 1892, .
7
103 13
117
12,066 21
May, 1893, .
8
94 22
109
10,269 98
Nov., 1893, .
9
85 60
216
18,489 60
May, 1894, .
10
77 23
115
8,881 45
Nov., 1894, .
11
69 13
132
9,125 16
May, 1895, .
12
61 28
101
6,189 28
Nov., 1895, .
13
53 66
153
8,209 98
May, 1896, .
14
46 25
139
6,428 75
Nov., 1896, .
15
39 05
159
6,208 95
Mav, 1897, .
16
32 08
189
6,063 12
Nov., 1897, .
17
25 32
285
7,216 20
May, 1898, .
18
18 76
353
6,622 28
Nov., 1898, .
19
12 33
282
3,477 06
May, 1899, .
20
6 09
417
2,539 53
170 00
Total,
Dues paid in
adva
nee, .
•
Total,
$199,787 54
$199,787 54
Number of shares issued during the year,
Number of shares now in force, ....
Number of shares now borrowed upon, .
Largest number of shares held by any one member,
Number of shares withdrawn during the year,
Number of shares forfeited during tbe year, .
Number of shares retired during the year,
Highest rate of premium or interest received on money sold
5| per cent.
Lowest rate of premium or interest received on money sold
5 per cent.
Rate of profits distributed : 1st term, 1\ per cent. ; 2d term,
Number of members withdrawn during the year, .
Present number of members,
Present number of borrowers,
Present number of non-borrowers,
Number of loans secured by first mortgage of real estate,
Number of loans on shares,
Largest loan to any one member,
Smallest loan to any one member,
Amount of expenses of the corporation for the year ending
Date of examination by commissioner : March 27.
. 753
3,417
■1,179
. 25
. 482
. 10
. 140
during the year :
during the year :
2£ per cent.
. 65
. 425
. . . 107
. 318
. 93
. 20
Oct. 31, 1899,
$2,500 00
25 00
1,117 96
12
REPORT OF THE
[Pub. Doc.
ATHOL CO-OPERATIVE BANK — ATHOL.
Incorporated July 1, 1889. Commenced business July 15, 1889.
George D. Bates, President. C. F. Richardson, Secretary and Treasurer.
Names of security committee:
Levi B. Fay, Arthur F. Tyler,
Charles F. Amsden.
Regular meetings the third Monday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Loans on real estate,
Loans on shares, .
Real estate by foreclosure,
Unpaid interest,
Unpaid premiums,
Unpaid fines, .
Town note,
Cash in hands of secretary,
$72,158 45
2,960 00
3,587 28
817 05
4 90
116 22
1,250 00
8,731 73
),625 63
Liabilities.
Dues capital,
Profits capital (all series).
Guaranty fund, .
Surplus,
Forfeited share account,
Security committee,
$72,763 00
14,842 27
324 00
1,548 82
146 04
1 50
$89,625 63
Detailed Statement of Receipts and Disbursements for the Tear ending
Oct. 31, 1899.
Receipts.
Disbursements.
From dues capital,
$19,177 00
For real estate loans, .
$12,321 73
interest,
4,396 85
share loans, .
3,330 00
premiums, .
20 35
dues capital withdrawn,
10,83 i 00
fines, ....
396 42
dues capital forfeited, .
509 00
transfer fees,
25
profits capital withdrawn,
2,261 43
real estate loans repaid,
8,658 65
profits capital forfeited, .
60 70
real estate loans elimi-
temporary expenses,
265 19
nated by foreclosure,
900 00
real estate by foreclosure,
1,280 86
share loans repaid,
3,000 00
Cash on hand Oct. 31, 1899,
8,731 73
withdrawal profits,
175 17
forfeiture profits, .
5 93
forfeited shares, .
144 46
real estate by foreclos-
ure, ....
188 50
security committee,
1 50
Cash on hand Oct. 31, 1898, .
2,526 56
$39,591 64
$39,591 64
No. 8.] SAVINGS BANK COMMISSIONERS.
13
Total Amount of Loans at Specified Rates of Interest.
Loans on Real Estate.
Loans on Shares.
Amount.
Rate.
Amount.
Rate.
Amount.
Rate.
$67,758 45 1 6.00 per cent.
4,250 00 6.30 "
$150 00
9.60 per cent.
$2,960 00
6.00 per cent.
Reconciliation of Share Account with Dues and Profits Capital.
Date of
05
>->
a*
1) e3
Issue.
'E
3.C
■3®
©
m
>
m
EH
July, 1889, .
1
$171 36
39
$6,683 04
Dues capital, as per gen-
Jan., 1890, .
2
160 36
31
4,971 16
eral ledger, .
$72,763 00
July, 1890, .
3
149 75
16
2,396 00
Profits capital, as per
Jan., 1891, .
4
139 44
33
4,601 62
general ledger, .
14,842 27
July, 1891, .
5
129 44
25
3,236 00
Unpaid dues,
1,251 00
Jan., 1892, .
6
119 74
53
6,346 22
July, 1892, .
7
110 34
52
5,737 68
Jan., 1893, .
8
101 21
75
7,590 75
May, 1893, .
9
95 25
25
2,381 25
Nov., 1893, .
10
86 55
75
6,491 25
May, 1894, .
11
78 10
70
5,467 00
Nov., 1894, .
12
69 90
47
3,285 30
May, 1895, .
13
61 94
24
1,486 56
Nov., 1895, .
14
54 22
117
6,343 74
May, 1896, .
15
46 72
87
4,064 64
Nov., 1896, .
16
39 44
162
, 6,389 28
May, 1897, .
17
32 37
64
2,071 68
Nov., 1897, .
18
25 51
109
2,780 59
May, 1898, .
19
18 85
183
3,449 55
Nov., 1898, .
20
12 38
162
2,005 56
May, 1899, .
21
6 10
175
1,067 50
10 00
Total,
Dues paid in
adva
rice, .
•
Total,
$88,856 27
$88,856 27
Number of shares issued during the year, 398
Number of shares now in force, 1,624
Number of shares now borrowed upon, 389
Largest number of shares held by any one member 25
Number of shares withdrawn during the year, 273
Number of shares forfeited during the year, 9
Highest rate of premium or interest received on money sold during the year :
6 per cent.
Lowest rate of premium or interest received on money sold during the year :
6 per cent.
Rate of profits distributed : 1st term, 3 per cent. ; 2d term, 3 per cent.
Number of members withdrawn during the year, 28
Present number of members, 240
Present number of borrowers, 84
Present number of non-borrowers, 156
Number of loans secured by first mortgage of real estate, ... 82
Number of loans on shares, 25
Largest loan to any one member, $4,000 00
Smallest loan to any one member, 25 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, . 265 19
Date of examination by commissioner : April 17.
14
REPORT OF THE
[Pub. Doc.
ATLANTIC CO-OPERATIVE BANK- LAWRENCE.
Incorporated March 26, 1891. Commenced business April 30, 1891.
Thomas Bevington, President. F. A. Sherman, Secretary.
W. D. Currier, Treasurer.
Names of security committee :
Thomas Bevington, Robert T. Todd,
John Haiqh, R. H. Barlow,
Joseph Thompson.
Regular meetings the last Friday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
Loans on shares, . . .
Permanent expense account,
Unpaid interest,
Unpaid premiums,
Unpaid fines, ....
Cash in hands of treasurer, .
$106,600 00
10,950 00
16 53
325 00
10 91
38 02
2,327 10
Dues capital,
Profits capital (all series), .
Interest, ....
Premiums, ....
Fines,
Withdrawal profits,
Guaranty fund, .
Surplus, ....
Forfeited share account,
§99,904 00
18,419 29
982 50
24 16
61 91
11 67
839 19
16 08
8 76
$120,267 56
$120,267 56
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Keceipts.
Disbursements.
From dues capital,
$26,977 00
For real estate loans, .
$40,200 00
interest,
6,794 17
share loans, .
9,950 00
premiums, .
187 55
dues capital withdrawn,
11,227 00
fines, ....
175 81
dues capital retired,
7,430 00
transfer fees,
1 00
profits capital withdrawn,
1,629 84
real estate loans repaid,
27,550 00
profits capital retired, .
2,117 80
share loans repaid,
8,350 00
temporary expenses,
425 00
withdrawal profits,
160 43
permanent expenses,
37 28
Cash on hand Oct. 31, 1898, .
5,148 06
Cash on hand Oct. 31, 1899,
2,327 10
$75,344 02
$75,344 02
No. 8.] SAVINGS BANK COMMISSIONERS.
15
Total Amount of Loans at Specified Rates of Interest.
Loans on Keal Estate.
Amount.
Rate.
$67,050 00
30,750 00
7,600 00
6.00 per cent.
6.30 "
6.60 "
Amount.
$600 00
600 00
Rate.
6.90 per cent.
7.80
Loans on Shares.
Amount.
),450 00
500 00
Rate.
6.00 per cent.
6.30 "
Reconciliation of
Share Account with Dues and Profits Capital.
Date op
QQ
to .
"Si
oj as
a .
■""■ CD
s
-."as
Issue.
"C
O
05
>
GO
H
April, 1891, .
1
$133 79
118
$15,787 22
Dues capital, as per gen-
July, 1891, .
2
128 90
5
644 50
eral ledger, .
$99,904 00
Oct., 1891, .
3
124 06
67
8,312 02
Profits capital, as per
Jan., 1892, .
4
119 32
15
1,789 80
general ledger, .
18,419 29
April, 1892, .
5
114 59
122
13,979 98
Unpaid dues,
413 00
July, 1892, .
6
109 97
9
989 73
Oct., 1892, .
7
105 36
40
4,214 40
Jan., 1893, .
8
100 84
34
3,428 56
April, 1893, .
9
96 40
45
4,338 00
July, 1893, .
10
92 00
42
3,864 00
Oct., 1893, .
11
87 68
30
2,630 40
Jan., 1894, .
12
83 42
41
3,420 22
April, 1894, .
13
79 19
65
5,147 35
July, 1894, .
14
75 05
51
3,827 55
Oct., 1894, .
15
70 98
35
2,484 30
Jan., 1895, .
16
66 96
26
1,740 96
April, 1895, .
17
63 00
71
4,473 00
July, 1895, .
18
59 10
33
1,950 30
Oct., 1895, .
19
55 26
132
7,294 32
Jan., 1896, .
20
51 48
63
3,243 24
April, 1896, .
21
47 75
78
3,724 50
July, 1896, .
22
44 08
30
1,322 40
Oct., 1896, .
23
40 47
41
1,659 27
Jan., 1897, .
24
36 90
101
3,726 90
April, 1897, .
25
33 39
85
2,838 15
July, 1897, .
26
29 93
45
1,346 85
Oct., 1897, .
27
26 52
42
1,113 84
Jan., 1898, .
28
23 16
65
1,505 40
April, 1898, .
29
19 85
114
2,262 90
July, 1898, .
30
16 59
55
912 45
Oct., 1898, .
31
13 38
118
1,578 84
Jan., 1899, .
32
10 22
88
899 36
April, 1899, .
33
7 10
202
1,434 20
July, 1899, .
34
4 03
146
588 38
Oct., 1899, .
i
35
1 00
228
228 00
35 00
Total, .
Dues paid in adva
ace, .
•
Total, .
|118,736 29
$118,736 29
Number of shares issued during the year, 714
Number of shares now in force, 2,482
Number of shares now borrowed upon 670
Largest number of shares held by any one member, .... 25
Number of shares withdrawn during the year, 352
16 REPORT OF THE [Pub. Doc.
Number of shares retired during the year, 81
Highest rate of premium or interest received on money sold during the year :
6 per cent.
Lowest rate of premium or interest received on money sold during the year :
6 per cent.
Rate of profits distributed : 1st term, 1£ per cent. ; 2d term, 1£ per cent. ;
3d term, l£ per cent. ; 4th term, 1£ per cent.
Number of members withdrawn during the year, 53
Present number of members 284
Present number of borrowers, 112
Present number of non-borrowers, 172
Number of loans secured by first mortgage of real estate, ... 84
Number of loans on shares 28
Largest loan to any one member, $3,600 00
Smallest loan to any one member, 50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, . 451 30
Date of examination by commissioner : February 27.
No. 8.] SAVINGS BANK COMMISSIONERS.
17
ATTLEBOROUGH CO-OPERATIVE BANK — ATTLE-
BOROUGH.
Incorporated July 18, 1892. Commenced business Aug. 17, 1892.
Sidney 0. Bigney, President. Harry E. Carpenter, Secretary and Treasurer.
Names of security committee :
Fred L. Torrey, M. F. Ashley,
A. N. Brownell.
Regular meetings the third Wednesday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
Loans on shares, .
Permanent expense account,
Temporary expense account,
Unpaid interest,
Unpaid fines, ....
Cash in hands of treasurer, .
$15,810 00
1,220 00
135 00
7 00
8 25
72
2,856 09
Dues capital,
Profits capital (all series), .
Interest, ....
Premiums, ....
Withdrawal profits,
Guaranty fund, .
Surplus
Forfeited share account,
$17,620 00
1,987 65
206 14
20
28 19
36 48
152 02
6 38
$20,037 06
$20,037 06
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Receipts.
Disbursements.
From dues capital,
interest,
premiums, .
fines, ....
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
Cash on hand Oct. 31, 1898, .
$7,664 00
916 62
1 83
8 05
50
1,650 00
1,045 00
88 71
663 83
For real estate loans, .
share loans, .
dues capital withdrawn,
profits capital withdrawn,
temporary expenses,
forfeited shares,
Cash on hand Oct. 31, 1899,
$2,150 00
1,905 00
4,689 00
354 71
43 00
40 74
2,856 09
$12,038 54
$12,038 54
18
REPORT OF THE
[Pub. Doc.
Total Amount of Loans at Specified Rates of Interest.
Loans on Real Estate.
Loans on Shares.
Amount.
Rate.
Amount.
Rate.
Amount.
Rate.
$15,460 00
6.00 per cent.
$350 00
7.00 per cent.
$1,000 00
220 00
5.00 per cent.
6.00 «
Reconciliation of Share Account with Dues and Profits Capital.
Date op
00
u
e .
QQ O
« U
3
— "3
Issue.
°E
"3®
53 °
'o
QQ
>
m
H
Aug., 1892, .
1
105 23
50
$5,261 50
Dues capital, as per gen-
Feb., 1894, .
4
79 93
13
1,039 09
eral ledger,
$17,620 00
Aug., 1894, .
5
71 97
5
359 85
Profits capital, as per
Feb., 1895, .
6
64 18
33
2,117 94
general ledger, .
1,987 65
Aug., 1895, .
7
56 63
53
3,001 39
Unpaid dues, .
56 00
Feb., 1896, .
8
49 28
30
1,478 40
Aug., 1896, .
9
42 13
7
294 91
Feb., 1897, .
10
35 13
49
1,721 37
Aug., 1897, .
11
28 36
27
765 72
Feb., 1898, .
12
21 77
29
631 33
Aug., 1898, .
13
15 35
71
1,089 85
Feb., 1899, .
14
9 09
170
1,545 30
Aug., 1899, .
15
3 00
113
339 00
18 00
Total,
Dues paid in
adva
nee, .
•
Total,
$19,663 65
$19,663 65
Number of shares issued during the year, 347
Number of shares now in force 650
Number of shares now borrowed upon . 110
Largest number of shares held by any one member, . . .25
Number of shares withdrawn during the year, 242
Highest rate of premium or interest received on money sold during the year :
6 per cent.
Lowest rate of premium or interest received on money sold during the year :
5 per cent.
Rates of profits distributed : 1st term, 3 per cent. ; 2d term, 2\ per cent.
Number of members withdrawn during the year, 27
Present number of members, 104
Present number of borrowers, 21
Present number of non-borrowers, 83
Number of loans secured by first mortgage of real estate, ... 17
Number of loans on shares, 4
Largest loan to any one member,
Smallest loan to any one member,
Amount of expenses of the corporation for the year ending Oct. 31, 1899,
Date of examination by commissioner : February 28.
$2,000 00
100 00
63 00
No. 8.] SAVINGS BANK COMMISSIONERS.
19
BALDWINVILLE CO-OPERATIVE B ANK — B ALD WIN-
VILLE.
Incorporated July 16, 1889. Commenced business July 24, 1889.
H. S. Morley, President. C. C. Speare, Secretary and Treasurer.
Names of security committee :
E. N. Mullins, Louis Leland,
E. L. Thompson.
Regular meetings the fourth Wednesday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
V
Liabilities.
Loans on real estate,
Loans on shares, .
Permanent expense account,
Temporary expense account,
Unpaid fines, ....
Cash in hands of treasurer, .
$29,575 00
330 00
64 11
28 50
10 00
447 43
Dues capital,
Profits capital (all series), .
Interest, ....
Premiums, ....
Withdrawal profits,
Guaranty fund, .
Surplus, ....
$23,362 00
5,327 08
378 94
24 65
14 69
354 33
993 35
$30,455 04
$30,455 04
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Receipts.
Disbursements.
From dues capital,
$5,752 00
For real estate loans, .
$2,200 00
interest,
1,921 55
share loans, .
560 00
premiums, .
105 40
dues capital withdrawn,
3,444 00
fines, ....
79 62
dues capital retired,
5,337 00
transfer fees,
25
profits capital withdrawn,
452 88
real estate loans repaid,
3,000 00
profits capital retired, .
1,873 71
real estate loans elimi-
temporary expenses,
97 58
nated by foreclosure,
400 00
interest on retired shares,
33 30
share loans repaid,
1,470 00
interest repaid,
1 50
withdrawal profits,
100 57
Cash on hand Oct. 31, 1899,
447 43
Cash on hand Oct. 31, 1898, .
1,618 01
$14,447 40
$14,447 40
20
REPORT OF THE
[Pub. Doc.
Total Amount of Loans at Specified Rates of Interest.
Loans on Real Estate.
Loans on Shares.
Amount. Rate.
Amount.
Rate.
Amount.
Rate.
$11,800 00
4,100 00
6.00 per cent.
6.30 "
$13,675 00
6.60 per cent.
i
$330 00 6.00 per cent.
Reconciliation of Share Account with Dues and Profits Capital.
Date of
03
o *
<U o3
6
3
— "3
Issue.
"S
"3"
3r°
- —
03 £>
O
CG
>
OQ
Eh
July, 1889, .
1
$167 20
47
$7,858 40 !
Dues capital, as per gen-
Jan., 1890, .
2
156 60
8
1,252 80
eral ledger, .
$23,362 00
July, 1890, .
3
146 33
10
1,463 30
Profits capital, as per
Jan., 1891, .
4
136 32
25
3,408 00
general ledger, .
5,327 08
July, 1891, .
o
126 55
0
632 75
Unpaid dues,
390 00
Jan., 1892, .
6
117 14
33
3,865 62
July, 1892, .
7
107 98
11
1,187 78
Jan., 1893, .
8
99 04
1
99 04
July, 1893, .
9
90 38
7
632 66
Jan., 1894, .
10
81 97
7
573 79
July, 1894, .
11
73 92
18
1,330 56
July, 1895, .
13
58 21
2
116 42
Jan., 1896, .
14
50 72
11
557 92
July, 1896, .
15
43 44
28
1,216 32
Jan., 1897, .
16
36 37
39
1,418 43
July, 1897, .
17
29 51
70
2,065 70
Jan., 1898, .
18
22 85
23
525 55
July, 1898, .
19
16 38
28
458 64
Jan., 1899, .
20
10 10
14
141 40
July, 1899, .
21
4 00
67
268 00
6 00
Total,
Dues paid in
adva
nee, .
•
Total,
$29,079 08 .
1
$29,079 08
Number of shares issued during the year 84
Number of shares now in force, 454
Number of shares now borrowed upon, 171
Largest number of shares held by any one member, . . . .25
Number of shares withdrawn during the year, 102
Number of shares retired during the year, 44
Highest rate of premium or interest received on money sold during the year :
6 per cent.
Lowest rate of premium or interest received on money sold during the year :
6 per cent.
Rate of profits distributed : 1st term, 3 per cent. ; 2d term, 3 per cent.
Number of members withdrawn during the year, 25
Present number of members, 78
Present number of borrowers, 35
Present number of non-borrowers, .43
Number of loans secured by first mortgage of real estate, ... 33
Number of loans on shares, . . . 2
Largest loan to any one member,
Smallest loan to any one member,
Amount of expenses of the corporation for the year ending Oct. 31, 1899, .
Date of examination by commissioner : January 3.
$3,000 00
60 00
112 61
No. 8.] SAVINGS BANK COMMISSIONERS.
21
BERKSHIRE COUNTY CO-OPERATIVE BANK— NORTH
ADAMS.
Incorporated Nov. 8, 1890. Commenced business Nov. 19, 1890.
George H. Kearn, President. Charles W. Ford, Secretary and Treasurer.
Names of security committee :
M. R. Ford, G. A. Hastings,
W. C. Ellis.
Regular meetings the third Monday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
Loans on shares,
Permanent expense account, .
Cash in hands of treasurer, .
$132,025 00
9,665 00
400 70
8,808 13
Dues capital,
Profits capital (all series), .
Guaranty fund, .
Surplus, ....
$130,531 00
19,731 83
264 47
371 53
$150,898 83
$150,898 83
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 81,1899.
Keceipts.
Disbursements.
From dues capital,
interest,
premiums, .
fines, ....
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
Cash on hand Oct. 31, 1898, .
$42,339 00
7,791 04
700 52
112 81
9 25
49,200 00
11,200 00
142 38
4,314 97
For real estate loans, .
share loans, .
dues capital withdrawn,
profits capital withdrawn,
temporary expenses,
permanent expenses,
Cash on hand Oct. 31, 1899,
$71,650 00
13,560 00
18,001 00
2,844 53
889 76
56 55
8,808 13
$115,809 97
$115,809 97
22
REPORT OF THE
[Pub. Doc.
Total Amount of Loans at Specified Rates of Interest.
Loans on Real Estate.
Loans on Shares.
Amount.
Rate.
Amount.
Rate.
Amount.
Rate.
$12,100 00
6.00
per cent.
$118,125 00
6.60
per cent.
$3,600 00
6.00 per cent.
1,800 00
6.30
(<
6,065 00
6.60 "
Reconciliation of Share Account with Dues and Profits Capital.
Date of
as
0) U
3J
3
Issue.
°E
5,C
s3>>
O
CO
>
w
H
Nov., 1890, .
1
$140 26
105
$14,727 30
Dues capital, as per gen-
April, 1891, .
2
132 57
5
662 85
eral ledger,
$130,531 00
Nov., 1891, .
3
121 73
35
4,260 55
Profits capital, as per
May, 1892, .
4
112 51
25
2,812 75
general ledger, .
19,731 83
Nov.; 1892, .
5
103 47
121
12,519 87
Unpaid dues,
518 00
May, 1893, .
6
94 68
58
5,491 44
Nov., 1893, .
7
86 13
110
9,474 30
May, 1894, .
8
77 80
144
11,203 20
Nov., 1894, .
9
69 71
235
16,381 85
May, 1895, .
10
61 83
133
8,223 39
Nov., 1895, .
11
54 17
190
10,292 30
May, 1896, .
12
46 71
204
9,528 84
Nov., 1896, .
13
39 44
245
9,662 80
May, 1897, .
14
32 37
270
8,739 90
Nov., 1897, .
15
25 51
480
12,244 80
May, 1898, .
16
18 85
321
6,050 85
Nov., 1898, .
17
12 38
463
5,731 94
May, 1899, .
18
6 10
439
2,677 90
94 00
Dues paid in adva
nee, .
Total,
•
•
•
$150,780 83
Total, .
•
$150,780 83
Number of shares issued during the year, ...... 1,005
Number of shares now in force 3,583
Number of shares now borrowed upon, 1,055
Largest number of shares held by any one member, .... 25
Number of shares withdrawn during the year, 624
Highest rate of premium or interest received on money sold during the year :
6 6-10 percent.
Lowest rate of premium or interest received on money sold during the year :
6 per cent.
Rate of profits distributed : 1st term, 3 per cent. ; 2d term, 3 per cent.
Number of members withdrawn during the year, 59
Present number of members, 443
Present number of borrowers, 134
Present number of non-borrowers, 309
Number of loans secured by first mortgage of real estate, ... 98
Number of loans on shares, .36
Largest loan to any one member, . .
Smallest loan to any one member,
Amount of expenses of the corporation for the year ending Oct. 31, 1899, .
Date of examination by commissioner : April 25.
$5,000 00
- 25 00
964 76
No. 8.] SAVINGS BANK COMMISSIONED.
23
BEVERLY CO-OPERATIVE BANK — BEVERLY.
Incorporated Aug. 25, 1888. Commenced business Sept. 18, 1888.
George P. Brown, President. Harrie L. Ober, Secretary.
Charles F. Lee, Treasurer.
Names of security committee :
George P. Brown, George Butman,
Edmund Giles.
Regular meetings the third Tuesday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
Loans on shares, . . .
Permanent expense account,
Real estate by foreclosure, .
Unpaid interest,
Unpaid fines, ....
Cash in hands of treasurer, .
$147,150 00
7,550 00
500 00
15,938 98
13 87
27 38
4,402 17
Dues capital,
Profits capital (all series), .
Interest, ....
Transfer fees,
Withdrawal profits,
Guaranty fund, .
Surplus, .
Forfeited share account,
$147,426 00
25,035 39
420 33
50
35 70
971 94
1,590 81
101 73
$175,582 40
$175,582 40
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
1
Receipts.
Disbursements.
From dues capital,
$43,789 00
For real estate loans, .
$45,950 00
interest,
9,546 32
share loans, .
5,260 00
premiums, .
232 19
dues capital withdrawn,
23,056 00
fines, ....
408 01
dues capital forfeited, .
527 00
transfer fees,
2 00
profits capital withdrawn,
4,649 25
real estate loans repaid,
24,850 00
profits capital forfeited,
67 04
real estate loans elimi-
temporary expenses,
710 30
nated by foreclosure,
9,150 00
forfeited shares,
234 53
share loans repaid,
4,440 00
real estate by foreclosure,
11,255 65
withdrawal profits,
157 57
Cash on hand Oct. 31, 1899,
4,402 17
forfeiture profits, .
94
forfeited shares, .
26 00
real estate by foreclos-
ure, ....
1,725 65
temporary expenses, .
37 50
Cash on hand Oct. 31, 1898, .
1,746 76
$96,111 94
$96,111 94
24
KEPORT OF THE
[Pub. Doc.
Total Amount of Loans at Specified Rates oj Interest.
Loans on Real Estate.
Loans on Shares.
Amount.
Kate.
Amount.
Eate.
Amount.
Rate.
$113,350 00
21,000 00
8,300 00
6.00 per cent.
6.30 "
6.60 "
$2,300 00
1,900 00
300 00
6.90 per cent.
7.20 "
7.50 "
$5,420 00
2,130 00
6.00 per cent.
6.30 "
Reconciliation of Share Account with Dues and Profits Capital.
Date op
on
09 si
c .
s
^"3
Issue.
'u
2*1
*3t»
m
>
02
H
Sept., 1888, .
1
$188 29
26
$4,895 54
Dues capital, as per gen-
Mar., 1889, .
2
176 94
37
6,546 78
eral ledger, .
$147,426 00
Sept., 1889, .
3
165 92
25
4,148 00
Profits capital, as per
Mar., 1890, .
4
155 22
28
4,346 16
general ledger, .
25,035 39
Sept., 1890, .
5
144 83
49
7,096 67
Unpaid dues,
1,539 00
Mar., 1891, .
6
134 75
20
2,695 00
Sept., 1891, .
7
124 96
63
7,872 48
Mar., 1892, .
8
115 46
78
9,005 88
Sept., 1892, .
9
106 23
119
12,641 37
Mar., 1893, .
10
97 27
82
7,976 14
Sept., 1893, .
11
88 57
81
7,174 17
Mar., 1894, .
12
80 13
110
8,814 30
Sept., 1894, .
13
71 93
118
8,487 74
Mar., 1895, .
14
63 97
158
10,107 26
Sept., 1895, .
15
56 24
84
4,724 16
Mar., 1896, .
16
48 74
278
13,549 72
Sept., 1896, .
17
41 46
366
15,174 36
Mar., 1897, .
18
34 39
337
11,589 43
Sept., 1897, .
19
27 52
436
11,998 72
Mar., 1898, .
20
20 85
307
6,400 95
Sept., 1898, .
21
14 38
312
4,486 56
Mar., 1899, .
22
8 10
420
3,402 00
Sept., 1899, .
23
2 00
289
578 00
289 00
Total, .
Dues paid in
adva
nee, .
Total,
$174,000 39
$174,000 39
Number of shares issued during the year, 840
Number of shares now in force 3,823
Number of shares now borrowed upon, 989
Largest number of shares held by any one member, .... 25
Number of shares withdrawn during the year, 612
Number of shares forfeited during the year, . . . . .49
Highest rate of premium or interest received on money sold during the year :
7 8-10 per cent.
Lowest rate of premium or interest received on money sold during the year :
6 per cent.
Rate of profits distributed : 1st term, 3 per cent. ; 2d term, 3 per cent.
Number of members withdrawn during the year, 98
Present number of members, 596
Present number of borrowers, • 139
Present number of non-borrowers, 457
Number of loans secured by first mortgage of real estate, . . • 133
Number of loans on shares, 32
Largest loan to any one member,
Smallest loan to any one member,
Amount of expenses of the corporation for the year ending Oct. 31, 1899, .
Date of examination by commissioner: January 13.
$4,000 00
10 00
672 80
No. 8.] SAYINGS BANK COMMISSIONERS.
25
BOSTON CO-OPERATIVE BANK — BOSTON.
Incorporated April 30, 1888. Commenced business May 2, 1888.
Eugene M. Smith, President. George T. Bosson, Secretary and Treasurer.
Names of security committee :
George T. Bosson, Henry M. Sanders,
Eugene M. Smith.
Regular meetings the first Monday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
Loans on shares, .
Permanent expense account,
Real estate by foreclosure, .
Unpaid interest,
Unpaid premiums,
Unpaid fines, ....
Mortgages, . . . .
Cash in hands of treasurer, .
$318,290 00
15,500 00
96 44
14,250 52
4,887 94
384 86
421 31
13,700 00
28,716 87
Dues capital,
Profits capital (all series), .
Withdrawal profits,
Guaranty fund, .
Surplus, ....
Forfeited ^share account,
Personal account,
$330,889 00
60,702 24
10
1,648 63
2,872 04
45 93
90 00
$396,247 94
$396,247 94
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Keceipts.
Disbursements.
From dues capital,
$109,349 00
For real estate loans, .
$119,090 00
interest,
19,306 52
share loans, .
17,210 00
premiums, .
1,368 06
dues capital withdrawn,
32,479 00
fines, ....
971 11
dues capital forfeited, .
854 00
transfer fees,
3 25
dues capital retired,
28,592 00
real estate loans repaid,
71,640 00
profits capital withdrawn,
3,902 80
real estate loans elimi-
profits capital forfeited,
117 48
nated by foreclosure,
12,500 00
profits capital retired, .
8,632 71
share loans repaid,
10,695 00
temporat y expenses,
2,328 24
withdrawal profits,
616 23
interest on retired shares,
144 95
forfeiture profits, .
29 37
forfeited shares,
998 11
forfeited shares, .
921 11
interest repaid,
34 48
mortgages, .
1,600 00
guaranty fund,
205 84
real estate by foreclos-
mortgages,
2,200 00
ure, ....
14,025 68
real estate by foreclosure,
14,716 06
personal account,
90 00
Cash on hand Oct. 31, 1899,
28,716 87
Cash on hand Oct. 31, 1898, .
17,107 21
$260,222 54
$260,222 54
26
REPORT OF THE
[Pub. Doc.
Total Amount of Loans at Specified Rates of Interest.
Loans on Real Estate.
Loans on Shares.
Amount.
Rate.
Amount.
Rate
Amount.
Rate.
$8,200 00
6.00 per cent.
$10,200 00 7.20 per cent.
$15,050 00
6.30 per cent.
234,165 00
6.30 «
12,950 00 | 7.50 "
150 00
6.60 "
34,775 00
6.60 "
8,200 00 8.10 "
200 00
6.90 "
9,200 00
6.90 "
600 00
9.30 "
100 00
8.10 "
Reconciliation of Share Account with Dues and Profits Capital.
Date of
0Q
*4
HO]
Issue.
Oft
£5 ©
OS ►>.
O
m
>
CD
H
Nov., 1888, .
2
$194 98
76
$14,818 48
Dues capital, as per gen-
May, 1889, .
3
182 55
59
10,770 45
eral ledger, .
$330,889 00
Nov., 1889, .
4
170 57
67
11,428 19
Profits capital, as per
May, 1890, .
5
158 99
126
20,032 74
general ledger, .
60,702 24
Nov., 1890, .
6
147 81
24
3,547 44
Unpaid dues,
5,535 00
May, 1891, .
7
136 98
74
10,136 52
Nov., 1891, .
8
126 50
86
10,879 00
May, 1892, .
9
116 44
122
14,205 68
Nov., 1892, .
10
106 68
104
11,094 72
May, 1893, .
11
97 24
84
8,168 16
Nov., 1893, .
12
88 14
101
8,902 14
May, 1894, .
13
79 35
383
30,391 05
Nov., 1894, .
14
70 86
511
36,209 46
May, 1895, .
15
62 65
392
24,558 80
Nov., 1895, .
16
54 71
501
27409 71
May, 1896, .
17
47 06
665
31,294 90
Nov., 1896, .
18
39 65
697
27,636 05
May, 1897, .
19
32 49
864
28,071 36
Nov., 1897, .
20
25 58
1,060
27,114 80
May, 1898, .
21
18 87
873
16,473 51
Nov., 1898, .
22
12 39
1,252
15,512 28
May, 1899, .
23
6 10
1,268
7,734 80
736 00
Dues paid in advance, .
Total,
•
•
$397,126 24
Total,
. •
•
$397,126 24
Number of shares issued during the year, 2,765
Number of shares now in force, 9,389
Number of shares now borrowed upon, 2,159
Largest number of shares held by any one member, .... 25
Number of shares withdrawn during the year, .... 1,336
Number of shares forfeited during the year, 50
Number of shares retired during the year, 336
Highest rate of premium or interest received on money sold during the year :
35 cents premium.
Lowest rate of premium or interest received on money sold duriug the year :
5 cents premium.
Rate of profits distributed : 1st term, 3£ per cent. ; 2d term, 3J per
Number of members withdrawn during the year, ....
Present number of members,
Present number of borrowers,
Present number of non-borrowers,
Number of loans secured by first mortgage of real estate,
Number of loans on shares,
Largest loan to any one member,
Smallest loan to any one member,
Amount of expenses of the corporation for the year ending Oct. 31
Date of examination by commissioner, April 17.
cent.
138
990
191
799
136
55
, 1899,
$5,000 00
50 00
2,328 24
No. 8.] SAVINGS BANK COMMISSIONERS.
27
BRAINTREE CO-OPERATIVE BANK — BRAINTREE.
Incorporated June 24, 1889. Commenced business Oct. 15, 1889.
James T. Stevens, President. Charles B. Cummings, Secretary and Treasurer,
Names of security committee :
James T. Stevens, Ansel O. Clark,
T. Haven Dearing.
Regular meetings the third Tuesday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
Loans on shares, .
Permanent expense account, .
Temporary expense account,
Taxes and water rates, .
Cash in hands of treasurer, .
|42,800 00
5,495 00
40 00
9 25
80 43
1,915 29
Dues capita],
Profits capital (all series) , .
Interest, ....
Premiums, ....
Fines,
Withdrawal profits,
Forfeiture profits,
Guaranty fund, .
Surplus, ....
Forfeited share account,
Suspense account,
|39,610 00
8,967 31
613 97
28 50
11 92
59 01
30 32
187 95
803 63
9 14
18 22
$50,339 97
$50,339 97
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Receipts.
Disbursements.
From dues capital,
$9,009 00
For real estate loans, .
$10,700 00
interest,
2,813 97
share loans, .
3,215 00
premiums, .
142 90
dues capital withdrawn,
4,991 00
fines, ....
172 80
dues capital forfeited, .
590 00
transfer fees,
25
dues capital retired,
3,447 00
real estate loans repaid,
11,600 00
profits capital withdrawn,
864 39
real estate loans elimi-
profits capital forfeited,
121 30
nated by foreclosure,
2,000 00
profits capital retired, .
1,089 00
share loans repaid,
2,265 00
temporary expenses,
344 25
withdrawal profits,
155 70
permanent expenses,
50 00
forfeiture profits, .
30 32
interest on retired shares,
161 80
real estate by foreclosure,
1,467 02
suspense account, .
6 10
Cash on hand Oct. 31, 1898, .
1,498 42
retired share account, .
2,112 80
taxes, etc., paid, .
80 43
real estate by foreclosure,
1,467 02
Cash on hand Oct. 31, 1899,
1,915 29
$31,155 38
$31,155 38
28
EEPOET OF THE
[Pub. Doc.
Total Amount of Loans at Specified Bates of Interest.
Loans on Real Estate.
Loans on Shakes.
Amount.
Rate.
Amount.
Rate.
Amount.
Rate.
$42,400 00
6.30 per cent.
$400 00
6.60 per cent.
$5,495 00
6.30 per cent.
Reconciliation of Share Account with Dues and Profits Capital.
Date of
te
s> oS
c .
s 2
3
r-l'S
Issue.
°C
3^3
■a*
j5fc«
08 £►
O
CO
>
CG
H
Oct., 1889, .
1
$161 79
78
$12,619 62
Dues capital, as per gen-
Dec, 1889, .
2
158 24
24
3,797 76
eral ledger,
$39,610 00
June, 1890, .
3
147 85
27
3,991 95
Profits capital, as per
Dec, 1890, .
4
137 77
23
3,168 71
general ledger, .
8,967 31
June,t1891, .
5
127 96
20
2,559 20
Unpaid dues,
852 00
Dec, 1891, .
6
118 46
38
4,501 48
June, 1892, .
7
109 23
13
1,419 99
Dec, 1892, .
8
100 27
5
501 35
June, 1893, .
9
91 57
21
1,922 97
Dec, 1893, .
10
83 13
11
914 43
June, 1894, .
11
74 93
19
1,423 67
Dec, 1894, .
12
66 97
8
535 76
June, 1895, .
13
59 24
11
651 64
Dec, 1895, .
14
51 74
50
2,587 00
June, 1896, .
15
44 46
48
2,134 08
Dec, 1896, .
16
37 39
51
1,906 89
June, 1897, .
17
30 52
19
579 88
Dec, 1897, .
18
23 85
79
1,884 15
June, 1898, .
19
17 38
71
1,233 98
Dec, 1898, .
20
11 10
68
754 80
June, 1899, .
21
5 00
67
335 00
5 00
Total,
Dues paid in
adva
nee, .
•
Total,
$49,429 31
$49,429 31
Number of shares issued during the year, . . . . . . 139
Number of shares now in force, 751
Number of shares now borrowed upon, 352
Largest number of shares held by any one member, . . . .25
Number of shares withdrawn during the year, . . . . . 127
Number of shares forfeited during the year, 10
Number of shares retired during the year, 30
Highest rate of premium or interest received on money sold during the year :
6 3-10 per cent.
Lowest rate of premium or interest received on money sold during the year:
6 3-10 per cent
Rate of profits distributed : 1st term, 3 per cent.; 2d term, 3 per cent.
Number of members withdrawn during the year, 13
Present number of members, 117
Present number of borrowers, • • • .51
Present number of non-borrowers, 66
Number of loans secured by first mortgage of real estate, . . .42
Number of loans on shares, 22
Largest loan to any one member, . $3,600 00
Smallest loan to any one member, 5 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, . 354 25
Date of examination by commissioner : September 5.
No. 8.] SAVINGS BANK COMMISSIONERS.
29
BROOKLINE CO-OPERATIVE BANK— BROOKLINE.
Incorporated March 13, 1895. Commenced business May 2, 1895.
Nathaniel Conant, President. Arthur H. Miner, Secretary and Treasurer.
Names of security committee :
George F. Botnton, Arthur H. Bailey,
E. A. Robart, W. S. Kemp,
M. J. O'Hearn.
Regular meetings the first Thursday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
Loans on shares, .
Permanent expense account,
Unpaid interest,
Unpaid premiums,
Unpaid fines, ....
Cash in hands of treasurer, .
$59,030 80
3,535 00
300 00
342 11
17 49
42 58
3,861 82
Dues capital,
Profits capital (all series), .
Guaranty fund, .
Surplus, ....
$60,184 00
6,675 91
125 00
144 89
$67,129 80
$67,129 80
Detailed Statement of Receipts and Disbursements for the Tear ending
Oct. 31, 1899.
Receipts.
Disbursements.
From dues capital,
interest,
premiums, . . *
fines, ....
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
Cash on hand Oct. 31, 1898, .
$21,783 00
3,522 77
176 58
241 78
2 00
8,900 00
4,905 00
70 49
1,105 77
For real estate loans, .
share loans, .
dues capital withdrawn,
profits capital withdrawn,
temporary expenses,
permanent expenses,
suspense account, .
Cash on hand Oct. 31, 1899,
$26,580 80
5,620 00
3,417 00
283 32
157 40
100 00
687 05
3,861 82
$40,707 39
$40,707 39
30
REPORT OF THE
[Pub. Doc.
Total Amount of Loans at Specified Rates of Interest.
Loans on Real Estate.
Loans on Shares.
Amount.
Eate.
Amount.
Eate.
Amount.
Eate.
$59,030 80
6.30 per cent.
-
-
$3,535 00
6.30 per cent.
Reconciliation of Share Account with Dues and Profits Capital,
Date of
OB
S-i
<D •
O 03
s .
"~ ID
3
— "3
Issue.
"C
"3«o
CSr°
2>
©
02
>
DQ
~*
May, 1895, .
1
$61 74
373
$23,029 02
Dues capital, as per gen-
Nov., 1895, .
2
54 19
267
14,468 73
eral ledger,
$60,184 00
May, 1896, .
3
46 74
133
6,216 42
Profits capital, as per
Nov^, 1896, .
4
39 46
181
7,142 26
general ledger, .
6,675 91
May, 1897, .
0
32 39
177
5,733 03
Unpaid dues,
726 00
Nov., 1897, •
6
25 52
168
4,287 36
May, 1898, .
7
18 85
73
1,376 05
Nov., 1898, .
8
12 38
308
3,813 04
May, 1899, .
9
6 10
220
1,342 00
178 00
Total,
Dues paid in
adva
nee, .
•
Total,
$67,585 91
$67,585 91
Number of shares issued during the year, 565
Number of shares now in force, 1,900
Number of shares now borrowed upon, 445
Largest number of shares held by any one member, .... 25
Number of shares withdrawn during the year 158
Highest rate of premium or interest received on money sold during the year :
5 cents premium.
Lowest rate of premium or interest received on money sold during the year :
5 cents premium.
Rate of profits distributed : 1st term, 3 per cent. ; 2d term, 3 per cent.
Number of members withdrawn during the year, 22
Present number of members, ... 227
Present number of borrowers, . . .39
Present number of non-borrowers, 188
Number of loans secured by first mortgage of real estate, . . .24
Number of loans on shares, 17
Largest loan to any one member,
Smallest loan to any one member,
Amount of expenses of the corporation for the year ending Oct. 31, 1899, .
Date of examination by commissioner: October 27.
5,000 00
10 00
172 40
No. 8.] SAVINGS BANK COMMISSIONERS.
31
CAMBRIDGE CO-OPERATIVE BANK — EAST CAMBRIDGE.
Incorporated Sept. 5, 1877. Commenced business Sept. 12, 1877.
Rufus R. Wade, President. John H. Ponce, Secretary.
John Loughrey, Treasurer.
Names of security committee:
George S. Keeler, Nathan W. Shumwat,
John Loughrey.
Regular meetings the second Wednesday in each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
Loans on shares, .
Permanent expense account,
Unpaid interest,
Unpaid premiums,
Unpaid fines, ....
Unpaid dues, ....
Cash in hands of treasurer, .
$36,000 00
3,460 00
7 76
458 00
45 49
50 90
578 00
4,631 82
Dues capital,
Profits capital (all series), .
Guaranty fund, .
Forfeited share account,
Matured share account,
Sundry balances, .
i
$33,656 00
7,183 73
240 37
9 66
4,104 00
38 21
$45,231 97
$45,231 97
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31% 1899.
Receipts.
Disbursements.
From dues capital,
$7,454 00
For real estate loans, .
$8,200 00
interest,
2,289 40
share loans, .
1,450 00
premiums, .
208 79
dues capital withdrawn,
2,580 00
fines, ....
68 98
dues capital retired,
1,810 00
real estate loans repaid,
5,300 00
dues capital matured, .
3,976 00
real estate loans elimi-
profits capital withdrawn,
569 08
nated by maturity of
profits capital retired, .
608 50
shares,
1,200 00
profits capital matured,
1,772 33
share loans repaid,
450 00
temporary expenses,
349 49
withdrawal profits,
189 45
permanent expenses,
6 50
sundry balances, .
9 26
interest on retired shares,
51 87
matured share account,
4,104 00
interest on matured
Cash on hand Oct. 31, 1898, .
4,736 28
shares,
3 39
sundry balances, .
1 18
Cash on hand Oct. 31, 1899,
4,631 82
$26,010 16
$26,010 16
32
REPORT OF THE
[Pub. Doc.
Total Amount of Loans at Specified Rates of Interest.
Loans on Keal Estate.
Loans on Shaees.
Amount.
Rate.
Amount.
Rate.
Amount.
Rate.
$13,000 00
21,900 00
6.30 per cent.
6.60 "
$1,100 00
6.90 per cent.
$1,130 00
2,330 00
6.30 per cent.
6.60 "
Reconciliation of Share Account with Dues and Profits Capital.
Date of
<D -
c .
"Z ®
Sg
Issue.
c
3/3
SCO
0
GO
>
CO
H
Jan., 1889, .
38
$181 89
5
$909 45
Dues capital, as per gen-
July, 1889, .
39
170 71
6
1,024 26
eral ledger, .
$33,656 00
Jan.4, 1890, .
40
159 86
5
799 30
Profits capital, as per
July, 1890, .
41
149 28
17
2,537 76
general ledger, .
7,183 73
Jan., 1891, .
42
138 87
18
2,499 66
July, 1891, .
43
128 80
31
3,992 80
Jan., 1892, .
44
119 13
46
5,479 98
July, 1892, .
45
109 67
36
3,948 12
Jan., 1893, .
46
100 57
36
3,620 52
July, 1893, .
47
91 70
0
458 50
Jan., 1894, .
48
83 11
20
1,662 20
July, 1894, .
49
74 79
5
373 95
Jan., 1895, .
50
66 67
66
4,400 22
May, 1895, .
51
61 44
15
921 60
Nov., 1895, .
52
53 79
43
2,312 97
May, 1896, .
53
46 38
10
463 80
Nov., 1896, .
54
39 16
40
1,566 40
May, 1897, .
55
32 16
33
1,061 28
Nov., 1897, .
56
25 38
49
1,243 62
May, 1898, .
57
18 77
25
469 25
Nov., 1898, .
58
12 35
56
691 60
May, 1899, .
59
6 09
61
371 49
31 00
Total, ...
Suspense profits,
•
•
Total,
$40,839 73
$40,839 73
Number of shares issued during the year, 117
Number of shares now in force, 648
Number of shares now borrowed upon, 252
Largest number of shares held by any one member, .... 25
Number of shares withdrawn during the year, . . . . .61
Number of shares retired during the year, 15
Number of shares matured during the year 28
Highest rate of premium or interest received on money sold during the year :
10 cents premium.
Lowest rate of premium or interest received on money sold during the year :
5 cents premium.
Rate of profits distributed : 1st terra, 2| per cent. ; 2d term, 3 per cent.
Number of members withdrawn during the year, 12
Present number of members, .92
Present number of borrowers, 34
Present number of non-borrowers, 58
Number of loans secured by first mortgage of real estate, . . 31
Number of loans on shares, .25
Largest loan to any one member, . . . - $3,000 00
Smallest loan to any one member, 30 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, . 352 49
Date of examination by commissioner : December 22.
No. 8.] SAVINGS BANK COMMISSIONERS.
33
CAMPELLO CO-OPERATIVE BANK — BROCKTON.
Incorporated Oct. 3, 1877. Commenced business Oct. 8, 1877.
Preston B. Keith, President. Warren T. Copeland, Secretary and Treasurer.
Names of security committee :
John A. Howard, Fred R. Hayward,
Nathan H. Washburn.
Regular meetings the second Monday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
Loans on shares, .
Permanent expense account,
Temporary expense account,
Real estate by foreclosure, .
Unpaid interest,
Unpaid premiums,
Unpaid fines, ....
Mortgages
Taxes, insurance, repairs, etc.,
Cash in hands of treasurer, .
$292,800 00
2,750 00
220 00
138 48
63,030 04
2,893 75
180 44
239 78
3,900 00
864 86
3,731 88
Dues capital,
Profits capital (all series), .
Interest, ....
Premiums, ....
Fines, .
Transfer fees,
Withdrawal profits,
Guaranty fund, .
Surplus, ....
Forfeited share account,
Rents,
$320,982 00
36,697 78
1,947 12
126 08
88 78
75
293 52
1,900 00
8,407 72
114 61
190 87
$370,749 23
$370,749 23
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Receipts.
Disbursements.
From dues capital,
$127,833 00
For real estate loans, .
$51,350 00
interest,
18,540 36
share loans, .
4,350 00
premiums, .
1,197 46
dues capital withdrawn,
59,471 00
fines, ....
765 78
dues capital forfeited, .
485 00
transfer fees,
7 00
dues capital retired,
75,179 00
real estate loans repaid,
54,750 00
dues capital matured, .
3,984 00
real estate loans elimi-
profits capital withdrawn,
4,785 45
nated by foreclosure
profits capital forfeited, .
68 95
and quit-claims,
8,300 00 j
profits capital retired, .
12,104 37
real estate loans elimi-
profits capital matured,
1,918 77
nated by maturity of
temporary expenses,
1,740 36
shares,
5,800 00 !
forfeited shares, .
519 40
share loans repaid,
7,750 00
interest on retired shares,
715 94
withdrawal profits,
1,191 32
quit-claims, .
8,379 84
forfeiture profits, .
17 15
taxes, insurance, repairs,
forfeited shares, .
533 65
etc., ....
1,339 50
rents, ....
1,456 92
Cash on hand Oct. 31, 1899,
3,731 88
real estate by foreclos-
ure, ....
197 50
Cash on hand Oct. 31, 1898, .
1,783 32
$230,123 46
$230,123 46
34
KEPORT OF THE
[Pub. Doc.
Total Amount of Loans at Specified Rates of Interest.
Loans on Real Estate.
Amount.
$279,800 00
Rate.
6.30 per cent.
Amount.
Rate.
$13,000 00
7.50 per cent.
Loans on Shares.
Amount.
82,750 00
Rate.
6.30 per cent.
Reconciliation of Share Account with Dues and Profits Capital.
Date op
©0
CD '
a1"
a> eg
05 O
6
Issue.
"u
3.C
■30Q
5>
0
OS
>
t»
EH
Oct., 1888, .
15
$192 75
5
$963 75
Dues capital, as per gen-
April, 1889, .
16
180 23
13
2,342 99
eral ledger, .
$320,982 00
Oct., 1889, .
17
168 19
10
1,681 90
Profits capital, as per
April, 1890, .
18
156 59
43
6,733 37
general ledger, .
36,697 78
Oct., 1890, .
19
145 41
23
3,344 43
Unpaid dues,
3,447 00
April, 1891, .
20
134 62
53
7,134 86
Oct., 1891,.
21
124 28
19
2,361 32
April, 1892, .
22
114 34
44
5,030 96
Oct., 1892, .
23
104 77
22
2,304 94
April, 1893, .
24
95 63
64
6,113 92
Oct., 1893, .
25
86 66
24
2,079 84
April, 1894, .
26
78 12
34
2,656 08
Oct., 1894, .
27
69 87
832
58,131 84
April, 1895, .
28
61 93
1,025
63,478 25
Oct., 1895, .
29
54 27
904
49,060 08
April, 1896, .
30
46 89
673
31,556 97
Oct., 1896, .
31
39 77
662
26,327 74
April, 1897, .
32
32 86
812
26,682 32
Oct., 1897, .
33
26 16
866
22,654 56
April, 1898, .
34
19 66
873
17,163 18
Oct., 1898, .
35
13 31
879
11,699 49
April, 1899, .
36
7 09
1,411
10,003 99
Oct., 1899, .
37
1 00
1,130
1,130 00
490 00
Total,
Dues paid in
adva
mce, .
•
Total,
$361,126 78
$361,126 78
Number of shares issued during the year, 2,961
Number of shares now in force, . . . . . . . 10,421
Number of shares now borrowed upon, - 1,587
Largest number of shares held by any one member, .... 25
Number of shares withdrawn during the year, .... 2,514
Number of shares forfeited during the year, . . . . . .20
Number of shares retired during the year, . . . . . 1,163
Number of shares matured during the year, .29
Highest rate of premium or interest received on money sold during the year :
Scents premium.
Lowest rate of premium or interest received on money sold during the year :
5 cents premium.
Rate of profits distributed : 1st term, 2 per cent. ; 2d term, 2£ per cent.
Number of members withdrawn during the year, 279
Present number of members, 1,160
Present number of borrowers, 221
Present number of non-borrowers, 939
Number of loans secured by first mortgage of real estate, . . . 210
Number of loans on shares, 16
Largest loan to any one member, . . . $5,000 00
Smallest loan to any one member, 50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, . 1,750 36
Date of examination by commissioner : March 7.
No. 8.] SAVINGS BANK COMMISSIONERS.
35
CANTON CO-OPERATIVE BANK — CANTON.
Incorporated Jan. 10, 1891. Commenced business Feb. 10, 1891.
John Everett, President. Joseph W. Wattles, Jr., Secretary and Treasurer.
Names of security committee :
Charles Galligan, Joseph W. "Wattles,
William W. Brooks.
Regular meetings the second Tuesday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
Loans on shares, .
Temporary expense account,
Unpaid interest,
Unpaid premiums,
Unpaid fines, ....
Cash in hands of treasurer, .
$101,600 00
3,170 00
101 50
442 25
26 20
59 11
4,513 25
$109,912 31
Dues capital,
Profits capital (all series), .
Interest
Premiums, ....
Fines, .....
Withdrawal profits,
Guaranty fund, .
Surplus, ....
$89,321 00
16,163 40
1,534 30
86 70
42 47
24 24
710 00
2,030 20
$109,912 31
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Receipts.
Disbursements.
From dues capital,
$28,066 00
For real estate loans, .
$25,500 00
interest,
6,240 68
share loans, .
3,710 00
premiums, .
350 60
dues capital withdrawn,
13,365 00
fines, ....
177 12
dues capital forfeited, .
874 00
transfer fees,
25
dues capital retired,
11,164 00
real estate loans repaid,
20,400 00
profits capital withdrawn,
2,138 24
real estate loans elimi-
profits capital forfeited, .
228 75
nated by foreclosure,
2,600 00
profits capital retired, .
3,118 20
share loans repaid,
3,570 00
temporary expenses,
479 95
withdrawal profits,
534 94
interest on retired shares,
127 20
forfeiture profits, .
57 23
Cash on hand Oct. 31, 1899, .
4,513 25
Cash on hand Oct. 31, 1898, .
3,221 77
$65,218 59
$65,218 59
36
EEPOKT OF THE
[Pub. Doc.
Total Amount of Loans at Specified Rates of Interest.
Loans on Real Estate.
Loans on Shares.
Amount.
Rate.
Amount.
Rate.
Amount.
Rate.
$4,900 00
87,750 00
6,650 00
6.00 per cent.
6.30 "
6.60
$2,100 00
200 00
6.90 per cent.
7.80 "
$1,000 00
2,170 00
6.00 per cent.
6.30
Reconciliation of Share Account with Dues and Profits Capital.
Date of
to
a®
"" CD
CO 0
6
^"3
Issue.
"SO!
O
co
>
OO
EH
Feb , 1891, .
1
$138 83
126
$17,492 58
Dues capital, as per gen-
Aug., 1891, .
2
128 62
83
10,675 46
eral ledger,
$89,321 00
Feb., 1892, .
3
118 73
82
9,735 86
Profits capital, as per
Aug., 1892, .
4
109 16
60
6,549 60
general ledger, .
16,163 40
Feb., 1893, .
5
99 91
37
3,696 67
Unpaid dues,
784 00
Aug., 1893, .
6
90 94
38
3,455 72
Feb., 1894, .
7
82 25
60
4,935 00
Aug., 1894, .
8
73 83
42
3,100 86
Feb., 1895, .
9
65 69
90
5,912 10
Aug., 1895, .
10
57 80
80
4,624 00
Feb., 1896, .
11
50 16
86
4,313 76
Aug., 1896, .
12
42 76
107
4,575 32
Feb., 1897,.
13
35 59
214
7,616 26
Aug., 1897, .
14
28 65
156
4,469 40
Feb., 1898, .
15
21 93
374
8,201 82
Aug., 1898, .
16
15 42
190
2,929 80
Feb., 1899, .
17
9 11
329
2,997 19
Aug., 1899, .
18
3 00
290
870 00
117 00
Total,
Dues paid in
adva
nee, .
•
Total,
$106,268 40
$106,268 40
Number of shares issued during the year, 730
Number of shares now in force, : 2,444
Number of shares now borrowed upon, 657
Largest number of shares held by any one member, . . . .25
Number of shares withdrawn during the year, 426
Number of shares forfeited during the year, 13
Number of shares retired during the year, 120
Highest rate of premium or interest received on money sold during the year :
6 3-10 per cent.
Lowest rate of premium or interest received on money sold during the year :
6 per cent.
Rate of profits distributed : 1st term, 3} per cent. ; 2d term 3^ per cent.
Number of members withdrawn during the year, 57
Present number of members, 299
Present number of borrowers, 91
Present number of non-borrowers, 208
Number of loans secured by first mortgage of real estate, ... 99
Number of loans on shares, 13
Largest loan to any one member, $4,000 00
Smallest loan to any one member, 50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, . 479 95
Date of examination by commissioner : January 6.
No. 8.] SAYINGS BANK COMMISSIONERS,
37
CITIZENS' CO-OPERATIVE BANK — HAVERHILL.
Incorporated Aug. 22, 1887. Commenced business Sept. 12, 1887.
George H. Carleton, President. James W. Goodwin, Secretary and Treasurer.
Names of security committee :
Joshua M. Stover, Philip C. Swett,
George M. Goodwin.
Regular meetings the second Monday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
Loans on shares, .
Temporary expense account,
Ileal estate by foreclosure, .
Unpaid fines, .
Cash in hands of treasurer, .
$137,688 30
3,000 00
20 00
522 90
32 82
4,624 77
Dues capital,
Profits capital (all series), .
Interest, ....
Withdrawal profits,
Forfeiture profits1,
Guaranty fund, .
Surplus, ....
Forfeited share account,
Bond account,
$121,699 00
21,099 90
51 72
93 03
60 40
650 00
1,223 64
411 10
600 00
|145,888 79
$145,888 79
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Keceipts.
Disbursements.
From dues capital,
$35,082 00
For real estate loans, .
$49,163 84
interest,
8,363 93
share loans, .
3,805 00
fines, ....
141 16
dues capital withdrawn,
22,665 00
real estate loans repaid,
33,435 15
dues capital forfeited, .
54 00
real estate loans elimi-
profits capital withdrawn,
3,652 26
nated by foreclosure,
1,376 01
profits capital forfeited,
2 87
share loans repaid,
4,665 00
temporary expenses,
1,515 00
withdrawal profits,
320 14
real estate by foreclosure,
1,389 98
forfeiture profits, .
177 82
bond account,
2,107 50
real estate by fore-
surplus account, .
221 88
closure,
1,376 01
Cash on hand Oct. 31, 1899,
4,624 77
bond account,
2,105 00
Cash on hand Oct. 31, 1898, .
2,159 88
$89,202 10
$89,202 10
38
EEPORT OF THE
[Pub. Doc.
Total Amount of Loans at Specified Bates of Interest.
Loans on Real Estate.
Loans on Shares.
Amount.
Rate.
Amount.
Rate.
Amount.
Rate.
$28,625 00
5 per cent.
$109,063 30
6 per cent.
$1,375 00
1,625 00
5 per cent.
6 "
Reconciliation of Share Account with Dues and Profits Capital.
Date of
to
u
2 *
c .
— "3
Issue.
"C
3.G
"3 c«
O
OO
>
02
H
Oct., 1888, .
3
$177 71
74
$13,150 54
Dues capital, as per gen-
April, 1889, .
4
167 77
14
2,348 78
eral ledger,
$121,699 00
Oct., 1889, .
5
158 01
13
2,054 13
Profits capital, as per
April,4890, .
6
148 43
35
5,195 05
general ledger, .
21,099 90
Oct., 1890, .
7
139 03
45
6,256 35
Unpaid dues,
1,041 00
April, 1891, .
8
129 81
76
9,865 56
Oct., 1891, .
9
120 77
78
9,420 06
April, 1892, .
10
111 91
66
7,386 06
Oct., 1892, .
11
103 23
52
5,367 96
April, 1893, .
12
94 73
55
5,210 15
Oct., 1893, .
13
86 41
65
5,616 65
April, 1894, .
14
78 27
79
6,183 33
Oct., 1894, .
15
70 31
52
3,656 12
April, 1895, .
16
62 54
111
6,941 94
Oct., 1895, .
17
54 96
154
8,463 84
April, 1896, .
18
47 57
254
12,082 78
Oct., 1896, .
19
40 36
181
7,305 16
April, 1897, .
20
33 33
239
7,965 87
Oct., 1897, .
21
26 49
373
9,880 77
April, 1898, .
22
19 84
95
1,884 80
Oct., 1898, .
23
13 38
365
4,883 70
April, 1899, .
24
7 10
323
2,293 30
Oct., 1899, .
25
1 00
200
200 00
227 00
Total,
Dues paid in
adva
nee, .
•
Total,
$143,839 90
$143,839 90
Number of shares issued during the year, ...... 766
Number of shares now in force, . . . . . • 2,999
Number of shares now borrowed upon, 976
Largest number of shares held by any one member, . . . .25
Number of shares withdrawn during the year, 670
Number of shares forfeited during the year, . . . .... . .7
Highest rate of premium or interest received on money sold during the year :
6 per cent.
Lowest rate of premium or interest received on money sold during the year :
5 per cent.
Rate of profits distributed : 1st term, 3 per cent. ; 2d term, 3 per cent.
Number of members withdrawn during the year, 85
Present number of members 353
Present number of borrowers, 109
Present number of non-borrowers, . 244
Number of loans secured by first mortgage of real estate, ... 94
Number of loans on shares, 15
Largest loan to any one member, $5,000 00
Smallest loan to any one member, 10 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, . 1,515 00
Date of examination by commissioner : July 7.
No. 8.] SAVINGS BANK COMMISSIONED.
39
CITY CO-OPERATIVE BANK — HOL YOKE.
Incorporated July 16, 1889. Commenced business July 23, 1889.
Daniel Proulx, President. Pierre Bonvouloir, Secretary and Treasurer.
Names of security committee :
John St. John, A. F. Gingras,
Val Moquin.
Regular meetings the fourth Tuesday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Loans on real estate,
Loans on shares, .
Permanent expense account,
Temporary expense account,
Unpaid interest,
Unpaid fines, ....
Cash in hands of treasurer, .
$64,175 00
16,275 00
200 00
204 41
87 01
14 12
726 31
[,681 85
Liabilities.
Dues capital,
Profits capital (all series) ,
Interest,
Fines, .
Transfer fees,
Withdrawal profits,
Guaranty fund, .
Surplus,
Security committee,
;64,715 00
13,190 76
1,732 99
43 33
75
138 90
550 00
1,298 12
12 00
$81,681 85
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Receipts.
Disbursements.
From dues capital,
interest,
fines, ....
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
security committee,
Cash on hand Oct. 31, 1898, .
$18,537 00
4,689 11
128 94
2 25
22,450 00
8,450 00
338 45
39 00
2,975 37
For real estate loans, .
share loans, .
dues capital withdrawn,
profits capital withdrawn,
temporary expenses,
permanent expenses,
Cash on hand Oct. 31, 1899, .
$29,950 00
10,450 00
13,373 00
2,238 61
651 25
220 95
726 31
$57,610 12
$57,610 12
40
REPORT OF THE
[Pub. Doc,
Total Amount
of Loans at Specified Rates of Interest.
Loans on Real Estate.
Loans on Shakes.
Amount.
Rate.
Amount
Rate.
Amount.
Rate.
$64,175 00
6.00 per cent.
-
-
$16,275 00
6.00 per cent.
Reconciliation of Share Account with Dues and Profits Capital.
Date of
cc
® s
— aj
EC O
^"5
Issue.
*c
Sj3
03 £>.
o
OS
>
OS
H
July, 1889, .
1
$167 38
78
$13,055 64
Dues capital, as per gen-
Jan.
1890, .
2
156 71
29
4,544 59
eral ledger,
$64,715 00
July
, 1890, .
3
146 37
5
731 85
Profits capital, as per
Jan.,
1891, .
4
136 31
120
16,357 20
general ledger, .
13,190 76
July
1891, .
5
126 55
26
3,290 30
Unpaid dues,
289 00
Jan.,
1892, .
6
117 08
21
2,458 68
July
1892, .
7
107 88
13
1,402 44
Jan.
1893, .
8
98 96
82
8,114 72
July
, 1893, .
9
90 28
23
2,076 44
Jan.,
1894, .
10
81 86
5
409 30
July
1894, .
11
73 69
23
1,694 87
Jan.
1895, .
12
65 76
26
1,709 76
July
, 1895, .
13
58 06
43
2,496 58
Jan.
1896, .
14
50 58
126
6,373 08
Apri
1, 1896, .
15
46 76
9
420 84
July
1896, .
16
43 21
16
691 36
Jan.
1897, .
17
36 27
20
725 40
July
1897, .
18
29 43
79
2,324 97
Jan.
1898, .
19
22 79
134
3,053 86
July
, 1898, .
20
16 34
62
1,013 08
Jan.
1899, .
21
10 08
385
3,880 80
July
, 1899, .
22
4 00
331
1,324 00
45 00
Total, . .
Dues paid in
adva
nee, .
•
r
rotal,
$78,194 76
$78,194 76
Number of shares issued during the year, 794
Number of shares now in force, 1,656
Number of shares now borrowed upon, 614
Largest number of shares held by any one member, . . . . 25
Number of shares withdrawn during the year, 404
Highest rate of premium or interest received on money sold during the year :
6 per cent.
Lowest rate of premium or interest received on money sold during the year :
6 per cent.
Rate of profits distributed : 1st term, 3 per cent. ; 2d term, 3 per cent.
Number of members withdrawn during the year, 58
Present number of members, 268
Present number of borrowers, 98
Present number of non-borrowers, 170
Number of loans secured by first mortgage of real estate, ... 69
Number of loans on shares, ......... 68
Largest loan to any one member,
Smallest loan to any one member,
Amount of expenses of the corporation for the year ending Oct. 31, 1899, .
Date of examination by commissioner : May 17.
t,200 00
25 00
672 20
No. 8.] SAVINGS BANK COMMISSIONERS.
41
CLINTON CO-OPERATIVE BANK — CLINTON.
Incorporated Sept. 23, 1837. Commenced business Oct. 20, 1887.
Daniel B. Ingalls, President. Walter It. Dame, Secretary.
Thomas S. Davis, Treasurer.
Names of security committee :
George P. French, Chas. L. Stevens,
Henry I. Cheney.
Kegular meetings the third Thursday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
$180,660 00
Dues capital,
$163,002 00
Loans on shares, .
3,225 00
Profits capital (all series) , .
30,650 72
Permanent expense account,
150 00
Interest, ....
1,185 89
Temporary expense account,
76 71
Fines,
51 35
Real estate by foreclosure, .
4,245 27
Transfer fees.
25
Unpaid interest,
1,224 29
Withdrawal profits,
61 08
Cash in hands of treasurer, .
8,221 35
Guaranty fund, .
893 18
Surplus, ....
1,943 41
Forfeited share account,
5 74
Security committee,
9 00
$197,802 62
$197,802 62
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Receipts.
From dues capital,
interest,
fines, .
transfer fees,
real estate loans repaid,
real estate loans elimi-
nated by maturity of
shares,
share loans repaid,
withdrawal profits,
security committee,
real estate by foreclos-
ure, .
Cash on hand Oct. 31, 1898, .
$47,639 00
11,555 07
477 80
3 75
33,900 00
3,100 00
14,150 00
342 35
64 50
176 00
5,967 10
$117,375 57
Disbursements.
For real estate loans, .
share loans, .
dues capital withdrawn
dues capital retired,
dues capital matured,
profits capital withdrawn,
profits capital retired,
profits capital matured
temporary expenses,
interest on matured
shares,
security committee,
real estate by foreclosure,
Cash on hand Oct. 31, 1899, .
$41,635 00
9,740 00
23,714 00
16,890 00
5,622 00
3,289 25
4,665 45
2,348 40
780 97
72 80
64 50
331 85
8,221 35
$117,375 57
42
REPORT OF THE
[Pub. Doc.
Total Amount of Loans at Specified Rates of Interest.
Loans on Real Estate.
Amount.
$169,985 00
3,625 00
4,250 00
Rate.
6 per cent.
6k "
Amount.
$150 00
2,650 00
Rate.
6| per cent.
60 "
Loans on Shares.
Amount.
$3,225 00
Rate.
6 per cent.
Reconciliation of Share Account with Dues and Profits Capital.
Date of
03
n .
a
Issue.
'u
"3 co
83 £►
O
W
>
02
H
April, 1888, .
2
$197 11
31
$6,110 41
Dues capital, as per gen-
Oct., 1888, .
3
185 43
52
9,642 36
eral ledger,
$163,002 00
April, 1889, .
4
174 13
60
10,447 80
Profits capital, as per
Oct., 1889, .
5
163 17
51
8,321 67
general ledger, .
30,650 72
April, 1890, .
6
152 58
52
7,934 16
Unpaid dues,
1,478 00
Oct., 1890, .
7
142 31
42
5,977 02
April, 1891, .
8
132 34
32
4,234 88
Oct., 1891, .
9
122 65
92
11,283 80
April, 1892, .
10
113 24
65
7,360 60
Oct., 1892, .
11
104 13
100
10,413 00
April, 1893, .
12
95 26
116
11,050 16
Oct., 1893, .
13
86 63
41
3,551 83
April, 1894, .
14
78 31
122
9,553 82
Oct., 1894, .
15
70 24
166
11,659 84
April, 1895, .
16
62 39
146
9,108 94
Oct., 1895, .
17
54 77
219
11,994 63
April, 1896, .
18
47 38
195
9,239 10
Oct., 1896, .
19
40 20
256
10,291 20
April, 1897, .
20
33 23
330
10,965 90
Oct., 1897, .
21
26 42
444
11,730 48
April, 1898, .
22
19 81
278
5,507 18
Oct., 1898, .
23
13 36
304
4,061 44
April, 1899, .
24
7 10
585
4,153 50
Oct., 1899, .
25
1 00
426
426 00
111 00
Total,
Dues paid in
adva
nee, .
•
Total,
$195,130 72
$195,130 72
Number of shares issued during the year, 1,190
Number of shares now in force, 4,205
Number of shares now borrowed upon, 1,067
Largest number of shares held by any one member, .... 25
Number of shares withdrawn during the year, 685
Number of shares retired during the year, ...... 182
Number of shares matured during the year, 40
Highest rate of premium or interest received on money sold during the year :
6 per cent.
Lowest rate of premium or interest received on money sold during the year :
6 per cent.
Rate of profits distributed : 1st term, 2| per cent. ; 2d term, 2| per
Number of members withdrawn during the year, ....
Present number of members, .
Present number of borrowers, ........
Present number of non-borrowers,
Number of loans secured by first mortgage of real estate,
Number of loans on shares,
Largest loan to any one member, .......
Smallest loan to any one member, .......
Amount of expenses of the corporation for the year ending Oct. 31
Date of examination by commissioner : March 13.
cent.
103
568
155
413
153
23
, 1899,
$5,000 00
50 00
780 97
No. 8.] SAVINGS BANK COMMISSIONERS.
43
COLUMBIAN CO-OPERATIVE BANK — CAMBRXDGEPORT.
Incorporated May 6, 1892. Commenced business June 6, 1892.
Alfred L. Barbour, President. Herbert H. Dyer, Secretary and Treasurer.
Names of security committee :
Charles H. Montague, Levi Hawkes,
James A. Dow, Dana W. Hyde,
Isaac S. Pear.
Regular meetings the first Monday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
Loans on shares, .
Real estate by foreclosure, .
Unpaid interest,
Unpaid premiums,
Unpaid tines, ....
Mortgages, ....
Cash in hands of treasurer, .
$82,012 04
5,480 00
2,911 40
706 04
18 10
70 19
3,142 95
7,649 40
Dues capital,
Profits capital (all series) , .
Guaranty fund, .
Surplus, ....
Forfeited share account,
$88,545 00
12,562 66
229 72
574 97
77 77
$101,990 12
$101,990 12
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31,1899.
Receipts.
DlSBUESEMENTS.
From dues capital,
$29,449 00
For real estate loans, .
$17,300 00
interest,
5,498 91
share loans, .
5,110 00
premiums, .
103 59
dues capital withdrawn,
15,985 00
fines, ....
200 50
dues capital forfeited, .
772 00
transfer fees,
75
dues capital retired,
6,706 00
real estate loans repaid,
13,300 00
profits capital withdrawn,
2,152 52
share loans repaid,
3,235 00
profits capital forfeited, .
172 38
withdrawal profits,
537 85
profits capital retired, .
1,429 48
forfeiture profits, .
43 03
temporary expenses,
496 77
Cash on hand Oct. 31, 1898, .
5,444 14
profit and loss,
39 22
Cash on hand Oct. 31, 1899,
7,649 40
$57,812 77
$57,812 77
44
REPORT OF THE
[Pub. Doc.
Total Amount of Loans at Specified Rates of Interest.
Loans on Heal Estate.
Amount.
$21,800 00
32,500 00
Rate.
5.00 per cent.
6.00 "
Amount.
$27,212 04
500 00
Rate.
6.30 per cent.
6.90 "
Loans on Shares.
Amount.
$1,280 00
4,200 00
Rate.
5.00 per cent.
6.00 "
Reconciliation of Share Account with Dues and Profits Capital.
Date of
to
u
ft*
OJ 08
a .
— * <o
0> fc,
09
3
.-n'oi
Issue.
'u
aa
o
CD
>
«3
H
June, 1892, .
1
$109 65
219
$24,013 35
Dues capital, as per gen-
Dec, 1892, .
2
100 84
97
9,781 48
eral ledger,
$88,545 00
June, 1893, .
3
92 26
90
8,303 40
Profits capital, as per
Dec, 1893, .
4
83 77
33
2,764 41
general ledger, .
12,562 66
June, 1894, .
5
75 59
65
4,913 35
Unpaid dues,
1,111 00
Dec, 1894, .
6
67 60
37
2,501 20
June, 1895, .
7
59 83
138
8,256 54
Dec , 1895, .
8
52 29
100
5,229 00
June, 1896, .
9
44 95
105
4,719 75
Dec , 1896, .
10
37 83
183
6,922 89
June, 1897, .
11
30 91
275
8,500 25
Dec, 1897, .
12
24 16
214
5,170 24
June, 1898, .
13
17 63
394
6,946 22
Nov., 1898, .
14
12 32
172
2,119 04
May, 1899, .
15
6 09
306
1,863 54
214 00
Total,
Dues paid in
advance, .
•
Total,
•
$102,218 66
$102,218 6Q
Number of shares issued during the year, 510
Number of shares now in force, ....... 2,428
Number of shares now borrowed upon, 624
Largest number of shares held by any one member, . . . .25
Number of shares withdrawn during the year, . . . . . 428
Number of shares forfeited during the year, 13
Number of shares retired during the year, 74
Highest rate of premium or interest received on money sold during the year :
6 per cent.
Lowest rate of premium or interest received on money sold during the year :
5 per cent.
Rate of profits distributed : 1st term, 2£ per cent. ; 2d term, 2£ per cent.
Number of members withdrawn during the year, 37
Present number of members, 312
Present number of borrowers, 55
Present number of non-borrowers, 257
Number of loans secured by first mortgage of real estate, . . .39
Number of loans on shares, 21
Largest loan to any one member, $5,000 00
Smallest loan to any one member, ......... 20 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, . 550 14
Date of examination by commissioner : July 28.
No. 8.] SAVINGS BANK COMMISSIONERS.
45
DANVEES CO-OPERATIVE BANK — DANVEES.
Incorporated Aug. 22, 1892. Commenced business Aug. 29, 1892.
Samuel L. Sawyer, President. Albert G. Allen, Secretary and Treasurer.
Names of security committee :
Henry Newhall, J. Frank Porter,
Joseph W. Woodman.
Regular meetings the last Monday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Loans on real estate,
Loans on shares, . . .
Permanent expense account,
Temporary expense account,
Real estate by foreclosure,
Unpaid interest,
Unpaid premiums,
Unpaid fines, .
Cash in hands of treasurer,
$58,650 00
3,185 00
115 00
169 29
6,755 17
266 80
17 75
25 10
1,329 42
),513 53
Liabilities.
Dues capital,
Profits capital (all series) ,
Interest,
Premiums, .
Fines, .
Transfer fees,
Withdrawal profits,
Guaranty fund, .
Surplus,
59,517 00
9,417 00
711 00
40 57
19 59
25
37 82
200 00
570 30
),513 53
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Receipts.
Disbursements.
From dues capital,
$16,845 00
For real estate loans, .
$11,650 00
interest,
3,482 28
share loans, .
1,325 00
premiums, .
205 06
dues capital withdrawn,
15,034 00
fines, ....
126 33
profits capital withdrawn,
2,128 02
transfer fees,
50
temporary expenses,
463 27
real estate loans repaid,
4,850 00
permanent expenses,
35 00
real estate loans elimi-
real estate by foreclosure,
7,249 37
nated by foreclosure,
6,300 00
security committee,
27 34
share loans repaid,
2,600 00
Cash on hand Oct. 31, 1899, .
1,329 42
withdrawal profits,
292 07
forfeiture profits,
1 44
real estate by foreclos-
ure, ....
4,140 85
sale of safe, .
20 00
Cash on hand Oct. 31, 1898, .
377 89
$39,241 42
$39,241 42
46
REPORT OF THE
[Pub. Doc.
Total Amount of Loans at Specified Rates of Interest.
Loans on Real Estate.
Loans on Shares.
Amount.
Rate.
Amount.
Rate.
Amount.
Rate.
$56,650 00
1,000 00
6.30 per cent.
6.60 "
$1,000 00
6.90 per cent.
$3,185 00
6.30 per cent.
Reconciliation of Share Account with Dues and Profits Capital.
Date of
OS
0> 03
a
Issue.
"S
s,a
eS p
$>
<s
ojCO
•CEn
o
CO
>
CO
H
Aug., 1892, .
1
$107 23
196
$21,017 08
Dues capital, as per gen-
Feb., 1893, .
2
98 27
106
10,416 62
eral ledger,
$59,517 00
Aug., 1893, .
3
89 57
30
2,687 10
Profits capital, as per
Feb., 1894, .
4
81 13
43
3,488 59
general ledger, .
9,417 00
Aug., 1894, .
5
72 93
48
3,500 64
Unpaid dues,
902 00
Feb., 1895, .
6
64 97
86
5,587 42
Aug., 1895, .
7
57 24
35
2,003 40
Feb., 1896, .
8
49 74
44
2,188 56
Aug., 1896, .
9
42 46
102
4,330 92
Feb., 1897, .
10
35 39
177
6,264 03
Aug , 1897, .
11
28 52
93
2,652 36
Feb., 1898, .
12
21 85
130
2,840 50
Aug., 1898, .
13
15 38
91
1,399 58
Feb., 1899, .
14
9 10
112
1,019 20
Aug., 1899, .
15
3 00
139
417 00
23 00
Total, .
Dues paid in
idva
ace, .
•
Total,
$69,836 00
$69,836 00
Number of shares issued during the year, 251
Number of shares now in force, . . . . . . 1,432
Number of shares now borrowed upon, 513
Largest number of shares held by any one member, . . . .25
Number of shares withdrawn during the year, 419
Highest rate of premium or interest received on money sold during the year :
5 cents premium.
Lowest rate of premium or interest received on money sold during the year :
5 cents premium.
Rate of profits distributed : 1st term, 3 per cent. ; 2d term, 3 per cent.
Number of members withdrawn during the year, .
Present number of members,
Present number of borrowers,
Present number of non-borrowers,
Number of loans secured by first mortgage of real estate,
Number of loans on shares,
Largest loan to an}' one member,
Smallest loan to any one member,
Amount of expenses of the corporation for the year ending Oct. 31, 1899,
Date of examination by commissioner : January 3.
54
209
69
140
51
18
$4,000 00
50 00
473 27
No. 8.] SAYINGS BANK COMMISSIONERS.
47
DEAN CO-OPERATIVE BANK — FRANKLIN.
Incorporated June 15, 1889. Commenced business July 2, 1889.
Joseph G. Ray, President. Orestes T. Doe, Secretary and Treasurer.
Names of security committee :
Elisha P. Chapman, Lester L. Burrington,
Joseph T. Hutchinson.
Regular meetings the first Tuesday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
Loans on shares, .
Temporary expense account,
Cash in hands of treasurer, .
|38,000 00
1,265 00
84 32
2,682 29
Dues capital,
Profits capital (all series) , .
Interest
Premiums, ....
Fines,
Withdrawal profits,
Guaranty fund, .
Surplus
Profit and loss account,
$34,195 00
5,492 64
946 33
89 15
71 26
39 13
480 00
423 04
295 06
$42,031 61
$42,031 61
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Receipts.
Disbursements.
From dues capital,
$12,342 00
For real estate loans, .
$9,300 00
interest,
2,545 58
share loans, .
1,215 00
premiums, .
231 38
dues capital withdrawn,
9,002 00
fines, ....
171 67
dues capital retired,
5,970 00
transfer fees,
1 00
profits capital withdrawn,
1,262 31
real estate loans repaid,
12,360 00
profits capital retired, .
1,979 17
share loans repaid,
1,190 00
temporary expenses,
260 00
withdrawal profits,
118 29
Cash on hand Oct. 31, 1899,
2,682 29
real estate by foreclos-
ure, ....
2,006 56
Cash on hand Oct. 31, 1898, .
704 29
$31,670 77
$31,670 77
48
REPORT OF THE
[Pub. Doc.
Total Amount of Loans at Specified Rates of Interest.
Loans on Real Estate.
Loans on Shakes.
Amount.
Kate.
Amount.
Kate.
Amount.
Rate.
$1,500 00
32,500 00
6.00 per cent.
6.50 "
$4,000 00
7.00 per cent.
$1,265 00
6.50 per cent.
Reconciliation of Share Account with Dues and Profits Capital.
Date of
o5
c .
OO r)
2 c
s
—■"3
Issue.
"u
2? °
O
5G
>
CD
H
July, 1889, .
1
$164 77
51
$8,403 27
Dues capital, as per gen-
Jan., 1*890, .
3
154 83
0
774 15
eral ledger, .
$34,195 00
July, 1890, .
4
145 03
1
145 03
Profits capital, as per
Jan., 1891, .
0
135 38
3
406 14
general ledger, .
5,492 64
July, 1891, .
6
125 75
7
880 25
Unpaid dues,
338 00
Jan., 1892, .
7
116 38
20
2,327 60
July, 1892, .
8
107 23
21
2,251 83
Jan., 1893, .
9
98 30
26
2,555 80
July, 1893, .
10
89 74
. 33
2,961 42
Jan., 1894, .
11
81 40
18
1,465 20
July, 1894, .
12
73 29
13
952. 77
Jan., 1895, .
13
65 39
23
1,503 97
July, 1895, .
14
57 75
21
1,212 75
Jan., 1896, .
15
50 32
19
956 08
July, 1896, .
16
43 11
44
1,896 84
Jan., 1897, .
17
36 12
78
2,817 36
July, 1897, .
18
29 31
62
1,817 22
Jan., 1898, .
19
22 72
95
2,158 40
July, 1898, .
20
16 32
111
1,811 52
Jan., 1899, .
21
10 08
163
1,643 04
July, 1899, .
22
4 00
248
992 00
93 00
Total, .
Dues paid in
adva
nee, .
.
Total,
$40,025 64
$40,025 64
Number of shares issued during the year, 462
Number of shares now in force, . . 1,062
Number of shares now borrowed upon, 279
Largest number of shares held by any one member, .... 25
Number of shares withdrawn during the year, ...... 297
Number of shares retired during the year, 51
Highest rate of premium or interest received on money sold during the year :
6£ per cent.
Lowest rate of premium or interest received on money sold during the year :
6 per cent.
Kate of profits distributed : 1st term, 2£ per cent. ; 2d term, % per cent.
Number of members withdrawn during the year, 32
Present number of members, 121
Present number of borrowers, •• • - .30
Present number of non-borrowers 91
Number of loans secured by first mortgage of real estate, ... 37
Number of loans on shares, 17
Largest loan to any one member,
Smallest loan to any one member,
Amount of expenses of the corporation for the year ending Oct. 31, 1899, .
Date of examination by commissioner : February 3.
$4,700 00
25 00
260 00
No. 8.] SAVINGS BANK COMMISSIONERS.
49
DEDHAM CO-OPERATIVE BANK - DEDHAM,
Incorporated Feb. 11, 1886. Commenced business Feb. 16, 1886.
F. F. Favor, President. F. H. Valentine, Secretary.
T. P. Murray, Treasurer.
Names of security committee :
J. Wardle, Jr., O. W. Withington,
W. A. Fales.
Regular meetings the third Tuesday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
Loans on shares, .
Unpaid interest,
Unpaid premiums,
Unpaid fines, ....
Personal accounts,
Cash in hands of treasurer, .
$50,415 00
1,400 00
70 50
3 60
9 70
125 00
4,932 84
$56,956 64
Dues capital,
Profits capital (all series), .
Guaranty fund, .
Surplus, ....
$47,259 00
8,000 58
339 72
1,357 34
$56,956 64
Detailed Statement of Beceipts and Disbursements for the Year ending
Oct. 31, 1899.
Receipts.
*
Disbursements.
From dues capital,
$15,995 00
For real estate loans, .
$4,800 00
interest,
3,254 33 I
share loans, .
1,790 00
premiums, .
186 17 !
dues capital withdrawn,
8,967 00
fines, ....
96 87 1
dues capital retired,
4,859 00
real estate loans repaid,
5,300 00
dues capital matured, .
576 00
real estate loans elimi-
profits capital withdrawn,
1,182 05
nated by maturity of
profits capital retired, .
1,468 95
shares,
1,900 00
profits capital matured,
398 41
share loans repaid,
2,815 00
temporary expenses,
443 48
withdrawal profits,
333 55
personal account, .
170 00
personal account,
45 00
matured share account,
410 44
Cash on hand Oct. 31, 1898, .
72 25
Cash on hand Oct. 31, 1899,
4,932 84
$29,998 17
$29,998 17
50
REPORT OF THE
[Pub. Doc.
Total Amount of Loans at Specified Rates of Interest.
Loans on Real Estate.
Loans on Shares.
Amount.
Bate.
Amount.
Eate.
Amount.
Rate.
$50,415 00
6.30 per cent.
$200 00
600 00
300 00
85 00
50 00
80 00
60 00
25 00
6.30 per cent.
6.40 "
6.60 "
6.70 "
7.20 "
7.50 "
8.00 «
8.60 «
Reconciliation of Share Account with Dues and Profits Capital.
Date of
CO
CO OS
c .
"" CD
03 u
i-l'cj
Issue.
'C
3.C
"3 <»
3*
©
w
>
GO
H
May, 1888, .
6
$197 94
4
$791 76
Dues capital, as per gen-
May, 1889, .
8
174 92
4
699 68
eral ledger, .
$47,259 00
Nov., 1889, .
9
163 91
6
983 46
Profits capital, as per
May, 1890, .
10
153 21
16
2,451 36
general ledger, .
8,000 58
Nov., 1890, .
11
142 83
9
1,285 47
Unpaid dues,
177 00
May, 1891, .
12
132 75
10
1,327 50
Nov., 1891, .
13
122 96
47
5,779 12
May, 1892, .
14
113 46
24
2,723 04
Nov., 1892, .
15
104 23
19
1,980 37
May, 1893, .
16
95 27
33
3,143 91
Nov., 1893, .
17
86 57
16
1,385 12
May, 1894, .
18
78 13
28
2,187 64
Nov., 1894, .
19
69 93
25
1,748 25
May, 1895, .
20
61 97
81
5,019 57
Nov., 1895, .
21
54 24
70
3,796 80
May, 1896, .
22
46 74
119
5,562 06
Nov., 1896, .
23
39 46
59
2,328 14
-
May, 1897, .
24
32 39
75
2.429 25
Nov., 1897, .
25
25 52
126
3,215 52
May, 1898, .
26
18 85
156
2,940 60
Nov., 1898, .
27
12 38
192
2,376 96
May, 1899, .
28
6 10
210
1,281 00
Total,
Total,
$55,436 58
$55,436 58
Number of shares issued during the year, 426
Number of shares now in force, 1,329
Number of shares now borrowed upon, 329
Largest number of shares held by any one member, .... 25
Number of shares withdrawn during the year, 240
Number of shares retired during the year, . . . . . .47
Number of shares matured during the year, . . . . . .4
Highest rate of premium or interest received on money sold during the year :
8 6-10 per cent.
Lowest rate of premium or interest received on money sold during the year :
6 3-10 per cent.
Rate of profits distributed : 1st term, 3 per cent. ; 2d term, 3 per cent.
No. 8.] SAVINGS BANK COMMISSIONERS. 51
Number of members withdrawn during the year, . . . .22
Present number of members, 190
Present number of borrowers, 59
Present number of non-borrowers, 131
Number of loans secured by first mortgage of real estate, ... 51
Number of loans on shares, 19
Largest loan to any one member, $2,800 00
Smallest loan to any one member, 25 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, . 443 48
Date of examination by commissioner : October 9.
52
REPORT OF THE
[Pub. Doc.
DORCHESTER CO-OPERATIVE BANK — DORCHESTER.
Incorporated Aug. 21, 1890. Commenced business Sept. 10, 1890.
Amor L. Hollingsworth, President. William H. Kennedy, Secretary.
Frederick W. Porter, Treasurer.
Names of security committee :
Samuel Gannett, J. Homer Pierce,
Robert D. Mossman, Lab an Pratt,
Dudley Talbot.
Regular meetings the second "Wednesday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
$130,075 00
Dues capital,
i
$144,180 00
Loans on shares, .
10,361 00
Profits capital (all series) , .
23,850 38
Permanent expense account,
84 15
Interest
1,582 40
Temporary expense account,
6 00
Premiums, ....
80 02
Real estate by foreclosure, .
75 59
Fines,
63 57
Cash in hands of treasurer, .
30,938 73
Withdrawal profits,
74 44
Guaranty fund, .
849 32
Surplus, ....
439 80
Forfeited share account,
404 84
Profit and loss account,
15 70
|171,540 47
$171,540 47
Detailed Statement of Beceipts and Disbursements for the Year ending
Oct. 31, 1899.
Receipts.
Disbursements.
From dues capital,
$43,707 00
For real estate loans, .
$30,775 00
interest,
8,823 89
share loans, .
7,885 00
premiums, .
435 13
dues capital withdrawn,
14,235 00
fines, ....
328 75
dues capital forfeited, .
1,004 00
transfer fees,
2 00
dues capital retired,
12,254 00
real estate loans repaid,
29,850 00
profits capital withdrawn,
2,227 59
real §state loans elimi-
profits capital forfeited,
120 71
nated by foreclosure,
4,200 00
profits capital retired, .
3,138 75
share loans repaid,
1,457 00
temporary expenses,
758 77
withdrawal profits,
311 19
forfeited shares,
597 17
forfeiture profits, .
30 20
interest on retired shares,
268 50
forfeited shares, .
987 62
real estate by foreclosure,
4,129 46
real estate by foreclos-
Cash on hand Oct. 31, 1899,
30,938 73
ure
5,667 86
Cash on hand Oct. 31, 1898, .
12,532 04
$108,332 68
$108,332 68
No. 8.] SAVINGS BANK COMMISSIONERS.
53
Total Amount of Loans at Specified Rates of Interest.
Loans on Real Estate.
Loans on Shares.
Amount.
Rate.
Amount.
Rate.
Amount.
Rate.
$130,075 00
6.30 per cent.
-
-
$10,361 00
6.30 per cent.
Reconciliation of Share Account with Dues and Profits Capital.
Date of
00
"• J-l
•s OS
09 o
•V u
09
3
^"3
Issue.
"E
3.^
t3 °
eSJ>
o
m
>
oo
H
Sept., 1890, .
1
$144 60
126
$18,219 60
Dues capital, as per gen-
Mar., 1891, .
2
134 70
127
17,106 90
eral ledger,
$144,180 00
Sept., 1891, .
3
124 95
20
2,499 00
Profits capital, as per
Mar., 1892, .
4
115 44
129
14,891 76
general ledger, .
23,850 38
Sept., 1892, .
5
106 19
60
6,371 40
Unpaid dues,
1,868 00
Mar., 1893, .
6
97 26
72
7,002 72
Sept., 1893, .
7
88 57
93
8,237 01
Mar., 1894, .
8
80 13
57
4,567 41
Sept., 1894, .
9
71 93
76
5,466 68
Mar., 1895, .
10
63 97
218
13,945 46
Sept., 1895, .
11
56 24
164
9,223 36
Mar., 1896, .
12
48 74
281
13,695 94
Sept., 1896, .
13
41 46
277
11,484 42
Mar., 1897, .
14
34 39
279
9,594 81
Sept., 1897, .
15
27 52
396
10,897 92
Mar., 1898, .
16
20 85
325
6,776 25
Sept., 1898, .
17
14 38
338
4,860 44
Mar., 1899, .
18
8 10
493
3,993 30
Sept., 1899, .
19
2 00
351
702 00
362 00
Total, .
Dues paid in
adva
nee, .
•
Total,
$169,898 38
$169,898 38
Number of shares issued during the year, 990
Number of shares now in force, 3,882
Number of shares now borrowed upon, 882
Largest number of shares held by any one member, .... 25
Number of shares withdrawn during the year, 570
Number of shares forfeited during the year, 32
Number of shares retired during the year, 135
Highest rate of premium or interest received on money sold during the year :
5 cents premium.
Lowest rate of premium or interest received on money sold during the year :
5 cents premium.
Rate of profits distributed : 1st term, 3 per cent. ; 2d term, 3 per cent.
Number of members withdrawn during the year, 67
Present number of members, 455
Present number of borrowers, 79
Present number of non-borrowers, 376
Number of loans secured by first mortgage of real estate, ... 62
Number of loans on shares, 17
Largest loan to any one member, $5,00000
Smallest loan to any one member, 50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, . 772 77
Date of examination by commissioner : April 10.
54
KEPORT OF THE
[Pub. Doc.
ECONOMY CO-OPERATIVE BANK — MERRIMAC.
Incorporated July 26, 1889. Commenced business Aug. 12, 1889.
George G. Larkin, President. Bailey Sargent, Secretary and Treasurer.
Names of security committee :
Fred B. Judkins, Robert 0. Patten,
D. Warren Gould.
Regular meetings the second Monday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
Loans on shares, .
Temporary expense account,
Real estate by foreclosure, .
Unpaid interest,
Unpaid premiums,
Unpaid fines, ....
Cash in hands of treasurer, .
$31,563 00
825 00
42 63
2,913 04
443 52
23 65
25 54
181 38
Dues capital,
Profits capital (all series) , .
Interest, ....
Premiums, ....
Fines,
"Withdrawal profits,
Guaranty fund, .
Surplus, ....
$29,470 00
4,996 58
471 91
26 25
20 85
10 10
276 00
746 07
$36,017 76
$36,017 76
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Receipts.
Disbursements.
From dues capital,
$6,655 00
For real estate loans, .
$5,263 00
interest,
1,869 90
share loans, .
350 00
premiums, .
106 05
dues capital withdrawn,
4,309 00
fines, ....
95 13
dues capital retired,
2,966 00
transfer fees,
50
profits capital withdrawn,
976 67
real estate loans repaid,
4,300 00
profits capital retired, .
768 10
share loans repaid,
610 00
temporary expenses,
143 42
withdrawal profits,
97 67
taxes, . . .
57 29
rents, ....
188 00
insurance,
24 50
Cash on hand Oct. 31, 1898, .
1,204 28
repairs, ....
87 17
Cash on hand Oct. 31, 1899,
181 38
$15,126 53
$15,126 53
No. 8.] SAVINGS BANK COMMISSIONERS.
55
Total Amount oj Loans at Specified Rates of Interest.
Loans on Real Estate.
Loans on Shares.
Amount.
Rate.
Amount.
Rate.
Amount.
Rate.
$30,763 00
6.30 per cent.
$800 00
6.90 per cent.
$825 00
6.30 per cent.
Reconciliation of Share Account with Dues and Profits Capital.
Date of
w
u
Issue.
'E
3X3
««2
o
oo
>
m
H
Aug., 1889, .
1
$162 94
7
$1,140 58
Dues capital, as per gen-
Feb., 1890, .
2
152 57
1
152 57
eral ledger,
$29,470 00
Feb., 1891, .
4
132 67
36
4,776 12
Profits capital, as per
Aug., 1891, .
5
123 15
28
3,448 20
general ledger, .
4,996 58
Feb., 1892, .
6
113 92
16
1,822 72
Unpaid dues, .
607 00
Aug., 1892, .
7
104 96
37
3,883 52
Feb., 1893, .
8
96 25
9
866 25
Aug., 1893, .
9
87 79
34
2,984 86
Feb., 1894, .
10
79 60
17
1,353 20
Aug., 1894, .
11
71 65
44
3,152 60
Feb., 1895, .
12
63 90
47
3,003 30
Aug., 1895, .
13
56 36
31
1,747 16
Feb., 1896, .
14
49 06
28
1,373 68
Aug., 1896, .
15
41 97
38
1,594 86
Feb., 1897, .
16
35 06
48
1,682 88
Aug., 1897, .
17
28 32
19
538 08
Feb., 1898, .
18
21 75
32
696 00
Aug., 1898, .
19
15 33
26
398 58
Feb., 1899, .
20
9 09
38
345 42
Aug., 1899, .
21
3 00
36
108 00
5 00
Total,
Dues paid in
adva
nee, .
•
Total,
$35,073 58
$35,073 58
77
572
184
25
65
30
Number of shares issued during the year,
Number of shares now in force, ....
Number of shares now borrowed upon, .
Largest number of shares held by any one member,
Number of shares withdrawn during the year,
Number of shares retired during the year,
Highest rate of premium or interest received on money sold during the year :
5 cents premium.
Lowest rate of premium or interest received on money sold during the year :
5 cents premium.
Rate of profits distributed : 1st term, 2| per cent. ; 2d term, 1\ per cent.
Number of members withdrawn during the year, 15
Present number of members, 113
Present number of borrowers, 45
Present number of non-borrowers, 68
Number of loans secured by first mortgage of real estate, ... 42
Number of loans on shares, 3
Largest loan to any one member,
Smallest loan to any one member,
Amount of expenses of the corporation for the year ending Oct. 31, 1899,
Date of examination by commissioner : May 23.
$3,500 00
100 00
143 42
56
KEPORT OF THE
[Pub. Doc.
ENTERPRISE CO-OPERATIVE BANK — EAST BOSTON.
Incorporated March 31, 1888. Commenced business April 3, 1888.
Charles T. Witt, President. Horace B. Butler, Secretary and Treasurer.
Names of security committee:
Charles T. Witt, William G. Emery,
Horace B. Butler.
Regular meetings the third Wednesday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
Loans on shares, .
Permanent expense account, .
Real estate by foreclosure, .
Unpaid premiums,
Unpaid fines, ....
Cash in hands of treasurer, .
$274,575 00
8,875 00
168 98
9,351 99
21 05
127 25
13,799 47
Dues capital,
Profits capital (all series), .
Interest, ....
Transfer fees,
Withdrawal profits,
Guaranty fund, .
Surplus, ....
Forfeited share account,
Matured share account,
$255,874 00
42,727 69
170 19
25
74 78
4.000 00
2,874 52
195 86
1.001 45
$306,918 74
$306,918 74
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Receipts.
Disbursements.
From dues capital,
$76,477 00
For real estate loans, .
$74,375 00
interest,
16,389 83
share loans, . ;
6,100 00
premiums, .
1,081 26
dues capital withdrawn,
46,359 00
fines, ....
697 24
dues capital forfeited, .
336 00
transfer fees,
4 75
dues capital retired,
22,591 00
real estate loans repaid,
58,775 00
dues capital matured, .
2,224 00
real estate loans elimi-
profits capital withdrawn,
7,368 84
nated by maturity of
profits capital forfeited,
38 30
shares,
3,200 00
profits capital retired, .
6,211 68
share loans repaid,
8,625 00
profits capital matured,
980 64
withdrawal profits,
538 46
temporary expenses,
2,010 57
forfeiture profits, .
11 55
forfeited shares, .
343 32
forfeited shares, .
352 32
interest on retired shares,
332 71
real estate by foreclos-
real estate by foreclosure,
935 75
ure, ....
559 48
matured share account,
2,203 19
matured share account,
3,204 64
Cash on hand Oct. 31, 1899,
13,799 47
Cash on hand Oct. 31, 1898, .
16,292 94
$186,209 47
$186,209 47
No. 8.] SAYINGS BANK COMMISSIONERS.
57
Total Amount of Loans at Specified Rates of Interest.
Loans on Real Estate.
Loans on Shares.
Amount.
Rate.
Amount.
Rate.
Amount.
Rate.
$67,050 00
25,850 00
200 00
132,775 00
24,700 00
5.00 per cent.
5.25 "
600 "
6.30 "
6.60 "
$14,300 00
4,000 00
1,700 00
2,100 00
1,900 00
6.90 per cent.
7.20 "
7.50 «
7.80 "
8.10 "
$2,250 00
625 00
6,000 00
5.00 per cent.
6.00 «•
6 30 "
Reconciliation of Share Account with Dues and Profits Capital.
Date of
Issue.
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,
1896,
1897,
1897,
1898,
1898,
1899,
1899,
>_,
u
3«
u
■3 oo
X
►
s 2
53
3
$176 90
4
165 72
5
154 88
6
144 32
7
134 10
8
124 18
9
114 52
10
105 19
11
96 17
12
87 45
13
79 01
14
70 82
15
62 88
16
55 15
17
47 66
18
40 40
19
33 34
20
26 48
21
19 83
22
13 36
23
7 10
24
1 00
Dues paid in advance, .
Total, .
18
33
21
12
47
101
234
138
248
329
356
420
268
301
233
289
753
403
631
515
845
320
$3,184
5,468
3,252
1,731
6,302
12,542
26,797
14,516
23,850
28,771
28,127
29,744
16,851
16,600
11,104
11,675
25,105
10,671
12,512
6,880
5,999
320
20
76
48
84
70
18
68
22
16
05
56
40
84
15
78
60
02
44
73
40
50
00
258 00
$302,268 69
Dues capital, as per gen-
eral ledger,
Profits capital, as per
general ledger, .
Unpaid dues,
$255,874 00
42,727 69
3,667 00
Total,
$302,268 69
Number of shares issued during the year, ...... 1,446
Number of shares now in force, 6,515
Number of shares now borrowed upon, 1,466
Largest number of shares held by any one member, .... 25
Number of shares withdrawn during the year, .... 1,256
Number of shares forfeited during the year, 8
Number of shares retired during the year, ...... 231
Number of shares matured during the year, 16
Highest rate of premium or interest received on money sold during the year :
6 3-10 per cent.
Lowest rate of premium or interest received on money sold during the year :
5 per cent.
Rate of profits distributed : 1st term, 3 per cent. ; 2d term, 2| per cent.
58 REPORT OF THE [Pub Doc.
Number of members withdrawn during the year, 123
Present number of members, 742
Present number of borrowers, 170
Present number of non-borrowers, 572
Number of loans secured by first mortgage of real estate, . . . 151
Number of loans on shares, 52
Largest loan to any one member, $5,000 00
Smallest loan to any one member, 25 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, . 2,010 57
Date of examination by commissioner : September 8.
No. 8.] SAVINGS BANK COMMISSIONERS.
59
EQUITABLE CO-OPERATIVE BANK — LYNN.
Incorporated Oct. 2, 1877. Commenced business Oct. 8, 1877.
James H. Richards, President. Edwin C. Lewis, Secretary and Treasurer.
Names of security committee :
Thomas E. Ward, James H. Richards,
Edwin N. Haines.
Regular meetings the first Monday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
Loans on shares, .
Permanent expense account,
Temporary expense account,
Real estate by foreclosure, .
Unpaid interest,
Rent,
Cash in hands of treasurer, .
$383,761 54
17,284 00
19 60
131 85
16,772 59
2,195 32
150 15
18,286 87
Dues capital,
Profits capital (all series), .
Interest, ....
Fines,
Guaranty fund, .
Surplus, ....
Forfeited share account,
$358,916 00
64,311 16
2,091 45
67 07
2,316 00
10,843 75
56 49
$438,601 92
$438,601 92
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Keceipts.
Disbursements.
From dues capital,
$98,059 00
For real estate loans, .
$77,987 91
interest,
22,471 43
share loans, .
17,763 00
fines
723 59
dues capital withdrawn,
52,210 00
real estate loans repaid,
62,000 00
dues capital retired,
26,410 00
real estate loans elimi-
dues capital matured, .
18,499 00
nated by foreclosure,
2,106 02
profits capital withdrawn,
7,439 23
real estate loans elimi-
profits capital retired, .
5,421 63
nated by maturity of
profits capital matured, .
7,370 96
shares,
5,200 00
temporary expenses,
1,674 77
share loans repaid,
26,579 00
interest on retired shares,
422 37
rent, ....
668 05
rent, ....
429 87
real estate by foreclos-
real estate by foreclosure,
3,037 37
ure, ....
3,075 00
suspense account, .
13 00
suspense account,
1 51
surplus, ....
45 13
Cash on hand Oct. 31, 1898, .
16,127 51
Cash on hand Oct. 31, 1899,
18,286 87
$237,011 11
$237,011 11
60
REPORT OF THE
[Pub. Doc.
Total Amount of Loans at Specified Rates of Interest.
Loans o>T Real Estate.
Loans on Shares.
Amount.
Kate.
Amount.
Rate.
Amount.
Rate.
$79,665 00
5.00 per cent.
S3,350 00
6.24 per cent.
8690 00
5.00 per cent.
2,200 00
5 1-16 "
3,466 35
6.25 "
3,735 00
5.25 "
11,050 00
ok
10,362 00
6.30 "
5,302 00
5.50 «
76,289 42
5.25 "
2,025 00
6.42 "
3,271 00
5.75 "
77,611 88
5.50 «
3,350 00
6.48 "
2,393 00
6.00 "
56,965 00
5.75 "
100 00
6.50 "
130 00
6.06 "
35,783 18
6.00 "
1,800 00
6.54 "
450 00
6.12 "
6.593 71
6.06 "
400 00
6.60 "
1,013 00
6.25 "
5,600 00
6.12 "
1,000 00
6.78 "
300 00
6.50 "
6,000 00
6.18 "
150 00
7.26 "
Reconciliation of Share Account with Dues and Profits Capital.
1
Date of
CD
- 3
OS 111
rce.
CD
— "3
Issue.
3 JS
OS J>
©
X
>
X
£h
April, 1888, .
2!
8190 74
103 !
$19,646 22
Dues capital, as per gen-
Oct., 1888, .
22
179 63
44
7,903 72
eral ledger, .
8358,916 00
April, 1889, .
23
168 91
88 '
14,864 08
Profits capital, as per
Oct., 1889, .
24
158 42
99 .
15,683 58
general ledger, .
64,311 16
April, 1890, .
25
148 23
126
18.676 98
Unpaid dues,
3,438 00
Oct., 1890, .
26
138 35
177
24,487 95
April, 1891. .
27
128 79
236
30,394 44
Oct., 1891, .
28
119 51
214
25,575 14
April, 1892, .
29
110 47
262
28,943 14
Oet., 1892, .
30
101 69
320
32,540 80
April, 1893, .
31
93 19
221
20,594 99
Oct., 1893, .
32
84 93
233
19,788 69
April, 1894, .
33
76 91
323
24,841 93
Oct., 1894, .
34
69 12
333
23,016 96
April, 1895, .
35
61 53
110
6.768 30
Oct., 1895, .
36
54 12
244
13,205 28
April, 1896, .
37
46 89
445
20,866 05
Oct., 1896, .
38
39 84
174
6,932 16
April, 1897, .
39
32 96
455
14,996 80
Oct., 1897, .
40
26 25
907
23,808 75
April. 1898, .
41
19 70
501
9,869 70
Oct., 1898, .
42
13 31
1,078
14,348 18
April, 1899, .
43
7 08
1,079
7,639 32
Oct., 1899, .
44
1 00
842
842 00
430 00
Total,
Dues paid in
adva
nee, .
•
Total,
$426,665 16
S426,665 16
Number of shares issued during the year,
Number of shares now in force, ....
Number of shares now borrowed upon, .
Largest number of shares held by any one member,
Number of shares withdrawn during the year,
Number of shares retired during the year,
Number of shares matured during the year, .
2,645
8,614
2,642
. 25
1,464
. 326
. 127
No. 8.] SAVINGS BANK COMMISSIONERS. 61
Highest rate of premium or interest received on money sold during the year :
6J per cent.
Lowest rate of premium or interest received on money sold during the year :
5 per cent.
Rate of profits distributed : 1st term, 2£ per cent. ; 2d term, 2£ per cent.
Number of members withdrawn during the year, 198
Present number of members, 1,193
Present number of borrowers, 420
Present number of non-borrowers, 773
Number of loans secured by first mortgage of real estate, . . . 373
Number of loans on shares, 172
Largest loan to any one member, $4,800 00
Smallest loan to any one member, 5 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, . 1,724 77
Date of examination by commissioner : February 7.
62
REPORT OF THE
[Pub. Doc.
EQUITY CO-OPERATIVE BANK — WORCESTER.
Incorporated Feb. 9, 1887. Commenced business Marcb 17, 1887.
Charles L. Gates, President. T. J. Hastings, Secretary and Treasurer.
Names of security committee :
Daniel Parlin, Urgel Jacques,
E. J. Bard well.
Regular meetings the Thursday next preceding the third Monday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
Loans on shares, .
Temporary expense account,
Real estate by foreclosure, .
Cash in hands of treasurer, .
$299,825 00
9,365 00
222 21
2,671 71
7,190 01
Dues capital,
Profits capital (all series), .
Interest, ....
Fines,
Transfer fees,
Guaranty fund, .
Surplus, ....
Forfeited share account,
Rent account,
$266,873 00
46,448 62
1,246 89
126 50
1 50
1,580 00
2,888 46
56 96
52 00
$319,273 93
$319,273 93
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Eeceipts.
Disbursements.
From dues capital,
$88,021 00
For real estate loans, .
$87,477 62
interest,
19,847 92
share loans, .
7,940 00
fines, ....
608 45
dues capital withdrawn,
30,420 00
transfer fees,
13 00
dues capital forfeited, .
1 00
real estate loans repaid,
82,800 00
dues capital retired,
38,275 00
real estate loans elimi-
dues capital matured, .
22,492 00
nated by foreclosure,
1,627 62
profits capital withdrawn,
4,951 14
real estate loans elimi-
profits capital forfeited,
10
nated by maturity of
profits capital retired, .
9,131 55
shares,
1,200 00
profits capital matured,
10,541 55
share loans repaid,
9,560 00
temporary expenses,
1,549 88
withdrawal profits,
485 84
forfeited shares,
8 00
forfeiture profits, .
05
interest on retired shares,
389 37
forfeited shares, .
1 00
real estate by foreclosure,
1,710 48
rent, ....
489 48
profit and loss account,
103 07
expense account,
338 32
Cash on hand Oct. 31, 1899,
7,190 01
profit and loss account,
75 92
real estate by foreclos-
ure, ....
10,602 31
Cash on hand Oct. 31, 1898, .
6,509 86
$222,180 77
$222,180 77
No. 8.] SAVINGS BANK COMMISSIONERS.
63
Total Amount of Loans at Specified Rates of Interest.
Reconciliation of
Share Account with Dues and Pro/its Capital.
Date of
on
a> cS
e .
? 2
CD
Issue:
"E
3.S
& °
c3>
02
>
m
H
Sept., 1888, .
4
$192 16
42
|8,070 72
Dues capital, as per gen-
Mar.
1889, .
5
180 27
87
15,683 49
eral ledger, .
$266,873 00
Sept.
1889, .
6
168 78
87
14,683 86
Profits capital, as per
Mar.,
1890, .
7
157 67
106
16,713 02
general ledger, .
46,448 62
Sept.
1890, .
8
146 91
108
15,866 28
Unpaid dues,
2,746 00
Mar.,
1891, .
9
136 47
20
2,729 40
Sept.
, 1891, .
10
126 40
127
16,052 80
Mar.,
1892, .
11
116 65
42
4,899 30
Sept.
1892, .
12
107 19
11
1,179 09
Mar.,
1893, .
13
98 03
58
5,685 74
Sept.
1893, .
14
89 17
39
3,477 63
Mar.,
1894, .
15
80 58
321
25,866 18
Sept.
, 1894, .
16
72 24
247
17,843 28
Mar.,
1895, .
17
64 20
361
23,176 20
Sept.
, 1895, .
18
56 39
294
16,578 66
Mar.,
1896, .
19
48 83
671
32,764 93
Sept.
1896, .
20
41 51
451
18,721 01
Mar.
1897, .
21
34 41
656
22,572 96
Sept.
, 1897, .
22
27 53
575
15,829 75
Mar.
1898, .
23
20 86
953
19,879 58
Sept.
, 1898, .
24
14 38
583
8,383 54
Mar.
1899, .
25
8 10
912
7,387 20
Sept.
, 1899, .
26
2 00
837
1,674 00
349 00
Total,
Dues paid in adva
nee, .
•
1
'otal,
$316,067 62
$316,067 62
Number of shares issued during the year, 1,942
Number of shares now in force, 7,588
Number of shares now borrowed upon, 1,805
Largest number of shares held by any one member, .... 25
Number of shares withdrawn during the year, 954
Number of shares forfeited during the year, 1
Number of shares retired during the year, 478
Number of shares matured during the year, 163
Highest rate of premium or interest received on money sold during the year :
6 per cent.
Lowest rate of premium or interest received on money sold during the year :
6 per cent.
Rate of profits distributed : 1st term, 3 J per cent. ; 2d term, 3 per cent.
64 REPORT OF THE [Pub. Doc.
Number of members withdrawn during the year, 144
Present number of members, . . . 848
Present number of borrowers, 176
Present number of non-borrowers, 672
Number of loans secured by first mortgage of real estate,, . . . 180
Number of loans on shares, 36
Largest loan to any one member, $5,000 00
Smallest loan to any one member, 50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, . 1,211 56
Date of examination by commissioner : May 5.
No. 8.] SAYINGS BANK COMMISSIONERS.
65
EVERETT CO-OPERATIVE BANK- EVERETT.
Incorporated Sept. 24, 1890. Commenced business Oct. 14, 1890.
Edward C. Mead, President. Charles E. Jennings, Secretary and Treasurer.
Names of security committee :
James E. Freeman, George E. Smith,
Nathaniel A. Dill.
Regular meetings the third Monday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Loans on real estate,
Loans on shares, .
Temporary expense account,
Real estate by foreclosure, .
Unpaid fines
Cash in hands of treasurer, .
$73,150 00
13,870 00
24 16
2,083 76
9 29
1,464 77
),601 98
Liabilities.
Dues capital,
Profits capital (all series),
Interest,
Premiums, .
Withdrawal profits,
Guaranty fund, .
Surplus,
$73,291 00
14,191 60
387 44
4 15
15 15
940 90
1,771 74
),601 98
Detailed Statement of Receipts and Disbursements for the Tear ending
Oct. 31, 1899.
Receipts.
Disbursements.
From dues capital,
$19,598 00
For real estate loans, .
$36,300 00
interest,
4,543 35
share loans, .
6,550 00
premiums, .
124 30
dues capital withdrawn,
7,070 00
fines, ....
77 35
dues capital forfeited, .
20 00
transfer fees,
75
dues capital retired,
8,712 00
real estate loans repaid,
27,350 00
profits capital withdrawn,
978 64
real estate loans elimi-
profits capital forfeited,
3 70
nated by foreclosure,
2,000 00
profits capital retired, .
2,517 23
share loans repaid,
1,328 00
temporary expenses,
342 19
withdrawal profits,
170 88
forfeited shares,
8 82
forfeited shares, .
20 00
real estate by foreclosure,
2,181 61
rents, ....
77 85
Cash on hand Oct. 31, 1899,
1,464 77
Cash on hand Oct. 31, 1898, .
10,858 48
$66,148 96
$66,148 96
66
REPORT OF THE
[Pub. Doc.
Total Amount of Loans at Specified Bates of Interest.
Loans on Real Estate.
Loans on Shares.
Amount.
Eate.
Amount.
Rate.
Amount.
Rate.
$58,650 00
5.00 per cent.
$14,500 00
6.30 per cent.
$7,100 00
6,770 00
5.00 per cent.
6.30 "
Reconciliation of Share Account with Dues and Profits Capital.
Date of
ce
V OS
a .
Issue.
'C
03 k.
o
m
>
GO
H
Oct., 1890, .
1
$143 91
90
$12,951 90
Dues capital, as per gen-
April, 1891, .
2
133 82
71
9,501 22
eral ledger,
$73,291 00
Oct., 1891, .
3
123 99
68
8,431 32
Profits capital, as per
April, 1892, .
4
114 47
51
5,837 97
general ledger, .
14,191 60
Oct., 1892, .
5
105 22
40
4,208 80
Unpaid dues,
454 00
April, 1893, .
6
96 24
6
577 44
Oct., 1893, .
7
87 53
51
4,464 03
April, 1894, .
8
79 07
88
6,958 16
Oct., 1894, .
9
70 82
113
8,002 66
April, 1895, .
10
62 85
74
4,650 90
Oct., 1895, .
11
55 12
56
3,086 72
April, 1896, .
12
47 60
64
3,046 40
Oct., 1896, .
13
40 30
77
3,103 10
April, 1897, .
14
33 24
75
2,493 00
Oct., 1897, .
15
26 39
95
2,507 05
April, 1898, .
16
19 77
164
3,242 28
Oct., 1898, .
17
13 34
266
3,548 44
April, 1899, .
18
7 09
169
1,198 21
Oct., 1899, .
19
1 00
97
97 00
30 00
Total, . .
Dues paid in
adva
nee, .
Total,
$87,936 60
$87,936 60
Number of shares issued during the year,
Number of shares now in force, ....
Number of shares now borrowed upon, .
Largest number of shares held by any one member,
Number of shares withdrawn during the year,
Number of shares forfeited during the year, .
Number of shares retired during the year,
Highest rate of premium or interest received on money sold
5 3-10 per cent.
Lowest rate of premium or interest received on money sold
5 per cent.
Rate of profits distributed : 1st term, 2| per cent. ; 2d term,
Number of members withdrawn during the year, .
Present number of members,
Present number of borrowers,
Present number of non-borrowers,
Number of loans secured by first mortgage of real estate,
Number of loans on shares,
Largest loan to any one member,
Smallest loan to any one member,
Amount of expenses of the corporation for the year ending
Date of examination by commissioner: February 23.
478
1,715
666
25
245
10
91
during the year :
during the year :
1\ per cent.
. 23
. 184
. 54
. .130
. 37
. 34
Oct. 31, 1899,
$3,000 00
50 00
342 19
No. 8.] SAVINGS BANK COMMISSIONERS.
67
FALL RIVER CO-OPERATIVE BANK — PALL RIVER.
Incorporated Dec. 1, 1888. Commenced business Dec. 12, 1888.
Eric W. Borden, President. George 0. Lathrop, Secretary.
Rodolphus N. Allen, Treasurer.
Names of security committee :
Henry Waring, Bradford D. Davol,
Clarence A. Brown.
Regular meetings the second Wednesday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
Loans on shares, .
Temporary expense account,
Real estate by foreclosure, .
Profit and loss account,
Personal account, .
Mortgage, ....
Cash in hands of secretary, .
Cash in hands of treasurer, .
$269,150 00
2,350 00
143 51
16,271 69
63
34 22
3,800 00
84 19
111 70
Dues capital,
Profits capital (all series), .
Interest, ....
Fines,
Guaranty fund, .
Surplus, ....
Personal accounts,
$244,885 00
39,533 68
2,145 94
66 09
2,300 00
2,987 79
27 44
$291,945 94
$291,945 94
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Receipts.
Disbursements.
From dues capital,
$81,300 00
For real estate loans, .
$108,100 00
interest,
17,718 58
share loans, .
2,000 00
fines, ....
544 82
dues capital withdrawn,
58,910 00
real estate loans repaid,
93,850 00
dues capital forfeited, .
842 00
real estate loans elimi-
dues capital retired,
17,733 00
nated by foreclosure,
15,100 00
profits capital withdrawn,
8,062 83
share loans repaid,
3,950 00
profits capital forfeited, .
103 49
real estate by foreclos-
profits capital retired, .
4,394 27
ure
4,632 73
temporary expenses,
1,078 91
personal accounts,
244 14
interest on retired shares,
382 91
insurance, .
866 25
real estate by foreclosure,
12,620 89
Cash on hand Oct. 31, 1898, .
1,172 79
personal accounts,
288 87
mortgage,
3,800 00
insurance,
866 25
Cash on hand Oct. 31, 1899,
195 89
$219,379 31
$219,379 31
68
REPORT OF THE
[Pub. Doc.
Total Amount of Loans at Specified Rates of Interest.
Loans on Real Estate.
Amount.
,500 00
21,100 00
Rate.
6 00 per cent.
6.48 «
Amount.
$3,550 00
Rate.
6.60 per cent.
Loans on Shabes.
Amount.
Rate.
$150 00
2,200 00
6.00 per cent.
6.60
Reconciliation of Share Account with Dues and Profits Capital.
Date of
«5
c .
GO o
3
i-h'S
Issue.
*n
O
CO
>
GO
Eh
Dec, 1888, .
1
$180 42
28
$5,051 76
Dues capital, as per gen-
Mar.
1889, .
2
174 91
44
7,696 04 '
eral ledger,
$244,885 00
Sept.
, 1889, .
3
163 94
58
9,508 52
I Profits capital, as per
Mar.
, 1890, .
4
153 40
61
9,357 40
general ledger, .
39,533 68
Sept.
, 1890, .
5
143 18
93
13,315 74
Unpaid daes,
1,743 00
Mar.
, 1891, .
6
133 25
81
10,793 25
Sept.
, 1891, .
7
123 60
64
7,910 40
Mar.
1892, .
8
114 23
102
11,651 46
Sept.
, 1892, .
9
105 14
166
17,453 24
Mar.
1893, .
10
96 32
185
17,819 20
Sept.
, 1893, .
11
87 74
141
12,371 34
Mar.
1894, .
12
79 44
211
16,761 84
Sept.
, 1894, .
13
71 36
98
6,993 28
-
Mar.
1895, .
14
63 52
344
21,850 88
Sept.
, 1895, .
15
55 89
360
20,120 40
Mar.
1896, .
16
48 49
546
26,475 54
Sept
, 1896, .
17
41 30
232
9,581 60
Mar.
, 1897, .
18
34 28
582
19,950 96
Sept.
, 1897, .
19
27 45
396
10,870 20
Mar.
, 1898, .
20
20 81
502
10,446 62
Sept.
, 1898, .
21
14 35
621
8,911 35
Mar.
1899, .
22
8 09
1,074
8,688 66
Sept.
, 1899, .
23
2 00
1,088
2,176 00
406 00
Total,
Dues paid in
adva
nee, .
•
1
fatal,
$286,161 68'
$286,161 68
Number of shares issued during the year, 2,473
Number of shares now in force, 7,077
Number of shares now borrowed upon, 1,515
Largest number of shares held by any one member, . . . .25
Number of shares withdrawn during the year, .... 2,001
Number of shares forfeited during the year, 52
Number of shares retired during the year, 183
Highest rate of premium or interest received on money sold during the year :
6 6-10 per cent.
Lowest rate of premium or interest received on money sold during the year :
6 per cent.
Rate of profits distributed : 1st term, 2 9-10 per cent. ; 2d term 2| per cent:_
Number of members withdrawn during the year, . . . . . 155
Present number of members, . . . 731
Present number of borrowers, 160
Present number of non-borrowers, 571
Number of loans secured by first mortgage of real estate, . . . 155
Number of loans on shares, . . .15
Largest loan to any one member, $5,000 00
Smallest loan to any one member, 50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, . 1,078 91
Date of examination by commissioner : September 21.
No. 8.] SAYINGS BANK COMMISSIONERS.
69
FEDERAL CO-OPERATIVE BANK — BOSTON.
Incorporated Jan. 29, 1890. Commenced business Feb. 6, 1890.
Frank W. Eldredge, President. William Wardwell, Secretary and Treasurer.
Names of security committee :
Loring M. Monk, Francis G. Washburn,
H. W. Marden, H. B. Burnham,
William B. Hatpord, Charles P. Renfrew,
L. W. Blanch ard.
Regular meetings the first Thursday of each month.
Balance Sheet Oct. 31, 1899,
Assets.
Liabilities.
Loans on real estate,
Loans on shares, . . .
Real estate by foreclosure, .
Unpaid interest,
Unpaid fines, ....
Cash in hands of treasurer, .
$66,479 00
2,060 00
4,464 81
396 58
27 80
6,337 29
$79,765 48
Dues capital,
Profits capital (all series), .
Guaranty fund, .
Surplus, ....
Rent account,
$66,988 00
11,316 10
750 00
434 90
276 48
$79,765 48
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Eeceipts.
Disbursements.
From dues capital,
$17,744 00
For real estate loans, .
$15,200 00
interest,
3,166 36
share loans, .
1,250 00
fines, ....
79 38 !
dues capital withdrawn,
10,239 00
real estate loans repaid,
11,661 00
dues capital forfeited, .
200 00
real estate loans elimi-
profits capital withdrawn,
1,398 77
nated by foreclosure,
2,000 00
profits capital forfeited,
51 68
share loans repaid,
1,583 00
temporary expenses,
279 27
withdrawal profits,
177 21
forfeited shares,
251 66
forfeited shares, .
251 66
repairs and taxes on real
rents, ....
231 41
estate,
184 96
real estate by fore-
real estate by foreclosure,
2,096 25
closure,
251 66
Cash on hand Oct. 31, 1899,
6,337 29
surplus account, .
3 00
Cash on hand Oct. 31, 1898, .
340 18
$37,488 86
$37,488 86
70
REPORT OF THE
[Pub. Doc.
Total Amount of Loans at Specified Bates of Interest.
Loans on Real Estate.
Loans on Shares.
Amount.
Rate.
Amount.
Rate.
Amount.
Rate.
$59,179 00
600 00
5.00 per cent.
5.25 "
$5,100 00
1,600 00
6.00 per cent.
6.25 "
$960 00
1,100 00
5.00 per cent.
6.00 "
Reconciliation of Share Account with Dues and Profits Capital.
Date op
CO
u
V •
Q.CD
O OS
CO o
s
Issue.
"Z
2-c
"Son
o
00
>
go
H
Feb., 1890, .
1
$154 25
27
$4,164 75
Dues capital, as per gen-
Aug., 1890, .
2
144 03
43
6,193 29
eral ledger,
$66,988 00
Feb., 1891, .
3
134 09
14
1,877 26
Profits capital, as per
Aug., 1891, .
4
124 44
52
6,470 88
general ledger, .
11,316 10
Feb., 1892, .
5
115 07
44
5,063 08
Unpaid dues,
1,681 00
Aug., 1892, .
6
105 97
44
4,662 68
Feb., 1893, .
7
97 17
67
6,510 39
Aug., 1893, .
8
88 58
38
3,366 04
*
Feb , 1894, .
9
80 26
133
10,674 58
May, 1894, .
10
76 12
10
761 20
Nov., 1894, .
11
68 22
13
886 86
May, 1895, .
12
60 49
91
5,504 59
Nov , 1895, .
13
52 99
100
5,299 00
May, 1896, .
14
45 70
70
3,199 00
Nov., 1896, .
15
38 62
110
4,248 20
May, 1897, .
16
31 75
95
3,016 25
Nov., 1897, .
17
25 08
112
2,808 96
May, 1898, .
18
18 60
120
2,232 00
Nov., 1898, .
19
12 26
156
1,912 56
May, 1899, .
20
6 07
179
1,086 53
47 00
Total,
Dues paid in
adva
nee, .
Total,
$79,985 10
$79,985 10
Number of shares issued during the year, 390
Number of shares now in force, 1,518
Number of shares now borrowed upon, 433
Largest number of shares held by any one member, .... 25
Number of shares withdrawn during the year, 327
Number of shares forfeited during the year, . . . . .10
Highest rate of premium or interest received on money sold during the year :
6 per cent.
Lowest rate of premium or interest received on money sold during the year :
5 per cent.
Rate of profits distributed : 1st term, 2£ per cent. ; 2d term, 2 per cent.
Number of members withdrawn during the year, ..... 45
Present number of members 189
Present number of borrowers, 43
Present number of non-borrowers, • 146
Number of loans secured by first mortgage of real estate, ... 33
Number of loans on shares, 20
Largest loan to any one member,
Smallest loan to any one member,
Amount of expenses of the corporation for the year ending Oct. 31, 1899, .
Date of examination by commissioner : February 17.
$5,000" 00
50 00
279 27
No. 8.] SAVINGS BANK COMMISSIONERS.
71
FIDELITY CO-OPERATIVE BANK — FITCHBURG.
Incorporated April 25, 1888. Commenced business May 8, 1888.
Geokge E. Clifford, President. W. G. Hayes, Secretary and Treasurer.
Names of security committee :
H. G. Morse, L. H. Goodnow,
L. C. Albee.
Regular meetings the second Tuesday of each month.
Balance Sheet Oct. 31, 1899.
A8SETS.
Loans on real estate,
Loans on shares, .
Temporary expense account
Real estate by foreclosure,
Unpaid interest,
Unpaid premiums,
Unpaid fines, .
Tax account, .
Cash in hands of treasurer,
$489,215 00
26,320 00
194 83
11,393 12
6,075 00
5 00
300 00
220 34
2,030 85
$535,754 14
Liabilities.
Dues capital,
Profits capital (all series),
Interest,
Premiums, .
Fines, .
Transfer fees,
Withdrawal profits,
Forfeiture profits,
Guaranty fund, .
Surplus,
Forfeited share account,
$438,040 00
89,397 68
4,829 37
4 79
124 27
2 50
115 32
4 90
1,890 00
1,178 22
167 09
$535,754 14
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Receipts.
Disbursements.
From dues capital,
$113,621 00
For real estate loans, .
$253,750 00
interest,
27,916 43
share loans, .
29,700 00
premiums, .
50 85
dues capital withdrawn,
33,880 00
fines, ....
833 05
dues capital forfeited, .
630 00
transfer fees,
27 00
dues capital retired,
19,746 00
real estate loans repaid,
182,630 00
profits capital withdrawn,
3,573 09
real estate loans elimi-
profits capital forfeited, .
146 72
nated by foreclosure,
8,660 00
profits capital retired, .
5,495 21
share loans repaid,
21,339 00
temporary expenses,
1,279 54
withdrawal profits,
225 42
forfeited shares,
114 44
forfeiture profits, .
26 69
interest on retired shares,
426 13
forfeited shares, .
189 58
real estate by foreclosure,
9,832 95
real estate by foreclos-
Cash on hand Oct. 31, 1899, .
2,030 85
ure, ....
2,059 37
Cash on hand Oct. 31, 1898, .
3,026 54
$360,604 93
$360,604 93
72
REPORT OF THE
[Pub. Doc.
Total Amount of Loans at Specified Bates of Interest.
Loans on Keal Estate.
Amount.
Rate.
$261,890 00
215,175 00
8,050 00
2,250 00
5.00 per cent.
6.00 "
6.12 "
6.36 "
Amount.
Eate.
$1,100 00
550 00
200 00
6.72 per cent.
6.96 "
7.44 "
Loans on Shares.
Amount.
$16,395 00
9,845 00
80 00
Eate.
5.00 per cent.
6.00 "
6.60 "
Reconciliation of Share Account with Dues and Profits Capital.
Date of
OJ
*4
Issue.
Th
3 S.
■373
03 >.
O
oq
>
oc
H
May, 1888, .
1
$195 54
105
$20,531 70
Dues capital, as per gen-
Sept., 1888, .
2
187 83
95
17,843 85
eral ledger, .
$438,040 00
Mar., 1889, .
3
176 51
96
16,944 96
Profits capital, as per
Sept., 1889, .
4
165 52
118
19,531 36
general ledger, .
89,397 68
Mar., 1890, .
5
154 85
125
19,356 25
Unpaid dues,
7,024 00
Sept., 1890, .
6
144 49
115
16,616 35
Mar., 1891, .
7
134 43
374
50,276 82
Sept., 1891, .
8
124 67
109
13,589 03
Mar., 1892, .
9
115 19
361
41,583 59
Sept., 1892, .
10
105 98
262
27,766 76
Mar., 1893, .
11
97 05
411
39,887 55
Sept., 1893, .
12
88 37
228
20,148 36
Mar., 1894, .
13
79 95
364
29,101 80
Sept., 1894, .
14
71 77
290
20,813 30
Mar., 1895, .
15
63 83
520
33,191 60
Sept., 1895, .
16
56 12
397
22,279 64
Mar., 1896, .
17
48 64
604
29,378 56
Sept., 1896, .
18
41 37
483
19,981 71
Mar., 1897, .
19
34 32
780
26,769 60
Sept., 1897, .
20
27 46
438
12,027 48
Mar., 1898, .
21
20 81
639
13,297 59
Sept., 1898, .
22
14 36
607
8,716 52
Mar., 1899, .
23
8 10
1,493
12,093 30
Sept., 1899, .
24
2 00
952
1,904 00
830 00
Total, .
Dues paid in
adva
nee, .
•
Total,
$534,461 68
$534,461 68
Number of shares issued during the year, 3,040
Number of shares now in force, 9,966
Number of shares now borrowed upon, 3,463
Largest number of shares held by any one member, .... 25
Number of shares withdrawn during the year, .... 1,662
Number of shares forfeited during the year, 66
Number of shares retired during the year, 193
Highest rate of premium or interest received on money sold during the year :
6 per cent.
Lowest rate of premium or interest received on money sold during the year :
5 per cent.
Rate of profits distributed : 1st term, 3 per cent. ; 2d term, 2| per cent.
No. 8.] SAVINGS BANK COMMISSIONERS. 73
Number of members withdrawn during the year, 257
Present number of members, 1,083
Present number of borrowers, 394
Present number of non-borrowers, 689
Number of loans secured by first mortgage of real estate, . . . 343
Number of loans on shares, 118
Largest loan to any one member, $5,000 00
Smallest loan to any one member, 10 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, . 1,279 54
Date of examination by commissioner : March 3
74
REPORT OF THE
[Pub. Doc.
FITCHBURG CO-OPERATIVE BANK — FITCHBURG.
Incorporated Oct. 27, 1877. Commenced business Nov. 8, 1877.
Jabez Fisher, President. Frederick A. Currier, S retary.
Harrison Bailey, Treasurer.
Names of security committee :
Martin Webber, Nathaniel Varney,
David M. Dillon.
Regular meetings the third Thursday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
Loans on shares, .
Real estate by foreclosure, .
Unpaid interest,
Unpaid premiums,
Unpaid fines, ....
Personal accounts,
Unpaid dues, ....
Cash in hands of treasurer, .
$668,800 00
21,100 00
13,207 36
7,333 84
33 57
424 00
1,475 19
8,369 00
59 65
Dues capital,
Profits capital (all series), .
Guaranty fund, .
Surplus, ....
Forfeited share account,
Personal accounts,
Dues paid in advance, .
Incomplete loans,
$594,000 00
119,113 05
4,318 04
90 60
584 58
340 34
1,356 00
1,000 00
$720,802 61
$720,802 61
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Receipts.
Disbursements.
From dues capital,
$168,146 00
For real estate loans, .
$237,000 00
interest,
43,569 44
share loans, .
32,370 00
premiums, .
312 46
dues capital withdrawn,
32,367 00
fines, ....
1,182 46
dues capital forfeited, .
7,578 00
transfer fees,
16 75
dues capital retired,
96,452 00
real estate loans repaid,
245,550 00
dues capital matured, .
36,805 00
real estate loans elimi-
profits capital withdrawn,
3,743 32
nated by foreclosure,
12,750 00
profits capital forfeited, .
554 49
real estate loans elimi-
profits capital retired, .
31,695 29
nated by maturity of
profits capital matured,
15,725 40
shares,
14,750 00
temporary expenses,
2,373 32
share loans repaid,
25,620 00
forfeited shares,
993 81
withdrawal profits,
350 60
interest on retired and
foifeiture profits, .
55 43
matured shares, .
2,366 03
forfeited shares, .
640 66
personal accounts,
7,250 66
personal accounts,
7,870 51
incomplete loans, .
15,979 35
incomplete loans,
14,479 35
suspense account, .
3,578 44
suspense account,
5,344 40
real estate by foreclosure,
15,022 23
real estate by foreclos-
surplus
5,126 94
ure, ....
6,256 84
Cash on hand Oct. 31, 1899, .
59 65
Cash on hand Oct. 31, 1898, .
146 03
$547,040 93
$547,040 93
No. 8.] SAVINGS BANK COMMISSIONERS.
75
Total Amount of Loans at Specified Bates of Interest.
Loans on Real Estate.
Amount.
. Rate.
$219,900 00
5.00 per cent.
421,250 00
6.00 "
10,650 00
6.12 "
2,500 00
6.24 "
7,950 00
6.36 "
1,800 00
6.48 "
950 00
6.60 "
Amount.
1,200 00
200 00
100 00
1,400 00
100 00
700 00
100 00
Rate.
6.84 per cent.
6.96
7.08
7.20
7.56
8.16
8.04
Loans on Shares.
Amount.
Rate.
$13,740 00
7,140 00
170 00
50 00
5.00 per cent.
6.00 "
6.12 "
7.08 "
Reconciliation of Share Account with Dues and Profits Capital.
u,
£ .
03
Date of
M
Q.OJ
® as
CO O
4> i_
Issue.
"G
= J3
"350
is °
O
(a
>
02
H
May, 1888, .
22
$196 47
101
$19,843 47
Dues capital, as per gen-
Nov., 1888, .
23
184 84
143
26,432 12
eral ledger,
$594,000 00
May, 1889, .
24
173 52
231
40,083 12
Profits capital, as per
Nov., 1889, .
25
162 57
176
28,612 32
general ledger, .
119,113 05
May, 1890, .
26
151 95
223
33,884 85
Nov., 1890, .
27
141 63
249
35,265 87
May, 1891, .
28
131 61
260
34,218 60
Nov., 1891, .
29
121 88
341
41,561 08
May, 1892, .
30
112 43
322
36,202 46
Nov., 1892, .
31
103 27
423
43,683 21
May, 1893, .
32
94 39
242
22,842 38
Nov., 1893, .
33
85 77
365
31,306 05
May, 1894, .
34
77 43
392
30,352 56
Nov., 1894, .
35
69 29
553
38,317 37
May, 1895, .
36
61 43
748
45,949 64
Nov., 1895, .
37
53 77
809
43,499 93
May, 1896, .
38
46 35
619
28,690 65
Nov., 1896, .
39
39 14
677
26,497 78
May, 1897, .
40
32 13
952
30,587 76
Nov., 1897, .
41
25 35
1,033
26,186 55
May, 1898, .
42
18 73
936
17,531 28
Nov., 1898, .
43
12 32
1,727
21,276 64
May, 1899, .
44
6 08
1,692
10,287 36
Total, .
Total,
•
•
$713,113 05
$713,113 05
Number of shares issued during the year, 3,806
Number of shares now in force, . . • 13,214
Number of shares now borrowed upon 4,797
Largest number of shares held by any one member, .... 25
Number of shares withdrawn during the year, .... 1,251
Number of shares forfeited during the year, 301
Number of shares retired during the year, 817
Number of shares matured during the year, 263
Highest rate of premium or interest received on money sold during the year :
6 per cent.
Lowest rate of premium or interest received on money sold during the year :
5 per cent.
Rate of profits distributed : 1st term, 2| per cent. ; 2d term, 2£ per cent.
76 REPORT OF THE [Pub. Doc.
Number of members withdrawn during the year, 112
Present number of members 1,947
Present number of borrowers, 649
Present number of non-borrowers, 1,298
Number of loans secured by first mortgage of real estate, . . . 612
Number of loans on shares 104
Largest loan to any one member, * $5,000 00
Smallest loan to any one member, 10 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, . 2,373 32
Date of examination by commissioner : June 23.
No. 8.] SAVINGS BANK COMMISSIONEKS.
77
FOXBOROUGH CO-OPERATIVE BANK -FOXBOROUGH.
Incorporated Feb. 25, 1889. Commenced business March 19, 1889.
A. F. Bemis, President. Frederick S. Lane, Secretary and Treasurer.
Names of security committee :
William T. Cook, Charles C. Sumner,
Ezra Pickens, Charles H. Hartshorn.
Kegular meetings the third Wednesday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
Loans on shares, .
Temporary expense account,
Cash in hands of treasurer, .
$117,500 00
" 3,475 00
90 93
1,726 45
Dues capital,
Profits capital (all serie
Interest,
Premiums, .
Fines, .
Transfer fees,
Withdrawal profits,
Guaranty fund, .
Surplus,
is), !
$99,739 00
19,501 19
655 72
76 05
7 92
50
226 44
311 12
2,274 44
$122,792 38
$122,792 38
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Receipts.
Disbursements.
From dues capital,
interest,
premiums, .
fines, ....
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
Cash on hand Oct. 31, 1898, .
$31,375 00
7,284 41
690 57
301 11
2 00
22,600 00
6,275 00
767 47
2,387 42
$71,682 98
For real estate loans, .
share loans, .
dues capital withdrawn,
dues capital retired,
profits capital withdrawn,
profits capital retired, .
temporary expenses,
interest on retired shares,
Cash on hand Oct. 31, 1899, .
$33,800 00
2,565 00
21,612 00
5,166 00
4,019 06
2,042 93
660 10
91 44
1,726 45
$71,682 98
78
KEPORT OF THE
[Pub. Doc.
Total Amount of Loans at Specified Rates of Interest.
Loans on Real Estate.
Loans on Shares.
Amount. Rate.
Amount.
Rate.
Amount.
Rate.
$26,600 00
89,700 00
6.30 per cent.
6.60 "
$1,200 00
7.20 percent.
$205 00
3,270 00
6.30 per cent.
6.60 "
Reconciliation of Share Account with Dues and Profits Capital.
u
c .
9
Date of
to
»2
CJ OS
3
Issue.
•c
03f>
O
oc
>
t»
H
Mar., 1889, .
1
$180 53
45
$8,123 85
Dues capital, as per gen-
Sept., 1889, .
2
169 23
51
8,630 73
eral ledger, .
$99,739 00
Mar., 1890, .
3
158 24
15
2,373 60
Profits capital, as per
Sept., 1890, .
4
147 64
31
4,576 84
general ledger, .
19,501 19
Mar., 1891, .
5
137 27
50
6,863 50
Unpaid dues,
705 00
Sept., 1891, .
6
127 25
26
3,308 50
Mar., 1892, .
7
117 51
79
9,283 29
Sept., 1892, .
8
108 05
39
4,213 95
Mar., 1893, .
9
98 85
45
4,448 25
Sept., 1893, .
10
89 93
37
3,327 41
Mar., 1894, .
11
81 24
48
3,899 52
Sept., 1894, .
12
72 85
73
5,318 05
Mar., 1895, .
13
64 70
143
9,252 10
Sept., 1895, .
14
56 81
150
8,521 50
Mar., 1896, .
15
49 17
144
7,080 48
Sept., 1896, .
16
41 77
112
4,678 24
Mar., 1897, .
17
34 60
232
8,027 20
Sept., 1897, .
18
27 66
222
6,140 52
Mar., 1898, .
19
20 93
236
4,939 48
Sept., 1898, .
20
14 42
251
3,619 42
Mar., 1899, .
21
8 11
316
2,562 76
Sept., 1899, .
22
2 00
334
668 00
88 00
Total,
Dues paid in
adva
nee, .
•
Total, .
$119,945 19
$119,945 19
Number of shares issued during the year 755
Number of shares now in force, 2,679
Number of shares now borrowed upon, 710
Largest number of shares held by any one member, . . . .25
Number of shares withdrawn during the year, 588
Number of shares retired during the year, 41
Highest rate of premium or interest received on money sold during the year :
10 cents premium.
Lowest rate of premium or interest received on money sold during the year :
10 cents premium.
Rate of profits distributed : 1st term, 3| per cent. ; 2d term, 3£ per cent.
Number of members withdrawn during the year, . . . ... 56
Present number of members, 412
Present number of borrowers, 120
Present number of non-borrowers, 292
Number of loans secured by first mortgage of real estate, . . . 106
Number of loans on 6hares, . . .14
Largest loan to any one member, $5,000 00
Smallest loan to any one member, 25 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, . 660 10
Date of examination by commissioner : January 6.
No. 8.] SAVINGS BANK COMMISSIONERS.
79
GARDNER CO-OPERATIVE BANK — GARDNER.
Incorporated Jan. 14, 1889. Commenced business March 12, 1889.
Louis A. Greenwood, President. James A. Stiles, Secretary and Treasurer.
Names of security committee :
Jonas R. Davis, Hosea Carter, Jr.,
Henry G. Pollard.
Regular meetings the second Tuesday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Loans on real estate,
Loans on shares, .
Temporary expense account
Real estate by foreclosure,
Unpaid interest,
Unpaid premiums,
Unpaid tines, .
Mortgages,
Insurance,
Taxes, .
Cash in hands of treasurer,
$102,075 66
4,730 00
152 19
64 23
1,774 05
82 12
82 09
7,070 77
80 47
121 09
19,600 02
$135,832 69
Liabilities.
Dues capital,
Profits capital (all series) ,
Interest,
Premiums, .
Fines, .
Transfer fees,
Withdrawal profits,
Guaranty fund,
Surplus,
Forfeited share account,
$111,111 00
22,528 68
1,307 33
61 28
50 83
25
95 42
532 00
131 16
14 74
$135,832 69
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31,1899.
Receipts.
Disbursements.
From dues capital,
$27,324 00
For real estate loans, .
$26,700 00
interest, . . .
7,008 75
share loans, .
6,330 00
premiums, .
400 57
dues capital withdrawn,
17,703 00
fines, ....
300 76
dues capital forfeited, .
8 00
transfer fees,
1 25
dues capital retired,
1,545 00
real estate loans repaid,
29,033 75
profits capital withdrawn,
3,046 38
real estate loans elimi-
profits capital forfeited, .
15 16
nated by foreclosure,
1,600 00
profits capital retired, .
517 14
share loans repaid,
5,470 00
temporary expenses,
608 30
withdrawal profits,
310 83
interest on retired shares,
57 92
forfeiture profits, .
15 16
surplus, ....
1 58
forfeited shares, .
8 00
mortgages,
4,447 36
real estate by foreclos-
insurance,
87 80
ure, ....
1,161 83
taxes, ....
45 85
mortgages, .
2,769 00
Cash on hand Oct. 31, 1899,
19,600 02
insurance, .
13 50
taxes, ....
48 44
Cash on hand Oct. 31, 1898, .
5,247 67
$80,713 51
$80,713 51
80
REPORT OF THE
[Pub. Doc.
Total Amount of Loans at Specified Bates of Interest.
Loans on Real Estate.
Loans on Shakes.
Amount.
Rate.
Amount.
Rate.
Amount.
Rate.
$55,775 66
12,350 00
7,100 00
5,300 00
6,900 00
5,300 00
6.12 per cent.
6.24 "
6.36 «
6.48 "
6.60 «'
6.72 "
$3,900 00
1,350 00
2,300 00
100 00
800 00
900 00
6.84 per cent.
6.96 "
7.08 "
7.20 "
7.32 «
7.92 "
$4,630 00
100 00
6.12 per cent.
6.72 "
Reconciliation of
Share Account with Dues and Profits Capital.
Date of
05
u
u
05 S3
B
0B ci
0) 0
s
Issue".
"6
2&
■302
eg O
O
OQ
>
02
H
Mar., 1889, .
1
$177 52
21
$3,727 92
Dues capital, as per gen-
Sept., 1889, .
2
166 45
59
9,820 55
eral ledger,
$111,111 00
Mar., 1890, .
3
155 68
42
6,538 56
Profits capital, as per
Sept., 1890, .
4
145 17
38
5,516 46
general ledger, .
22,528 68
Mar., 1891, .
5
134 96
42
5,668 32
Unpaid dues,
2,293 00
Sept., 1891, .
6
125 08
78
9,756 24
Mar., 1892, .
7
115 52
156
18,021 12
Sept., 1892, .
8
106 26
52
5,525 52
Mar., 1893, .
9
97 27
78
7,587 06
!
Sept., 1893, .
10
88 56
35
3,099 60
1
Mar., 1894, .
11
80 13
82
6,570 66
Sept., 1894, .
12
71 93
48
3,452 64
Mar., 1895, .
13
63 97
134
8,571 98
Sept., 1895, .
14
56 24
95
5,342 80
Mar., 1896, .
15
48 74
348
16,961 62
Sept., 1896, .
16
41 46
100
4,146 00
Mar., 1897, .
17
34 39
120
4,126 80
Sept., 1897, .
18
27 52
169
4,650 88
Mar., 1898, .
19
20 85
175
3,648 75
Sept., 1898, .
20
14 38
80
1,150 40
-
Mar., 1899, .
21
8 10
209
1,692 90
Sept., 1899, .
22
2 00
159
318 00
38 00
Total,
Dues paid in adva
nee, .
•
Total,
$135,932 68
$135,932 68
Number of shares issued during the year, 418
Number of shares now in force, 2,320
Number of shares now borrowed upon, 658
Largest number of shares held by any one member 25
Number of shares withdrawn during the year, 437
Number of shares forfeited during the year, . . . . . . 5
Number of shares retired during the year, 12
Highest rate of premium or interest received on money 6old during the year :
2 cents premium.
Lowest rate of premium or interest received on money sold during the year :
2 cents premium.
Rate of profits distributed : 1st term, 3 per cent. ; 2d term, 3 per cent.
No. 8.] SAVINGS BANK COMMISSIONERS. 81
Number of members withdrawn during the year, 140
Present number of members, 441
Present number of borrowers, 116
Present number of non-borrowers 325
Number of loans secured by first mortgage of real estate, . . .123
Number of loans on shares, 18
Largest loan to any one member, $3,100 00
Smallest loan to any one member, 10 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, . 608 30
Date of examination by commissioner : April 27.
82
REPORT OF THE
[Pub. Doc.
GERMANIA CO-OPERATIVE BANK — BOSTON.
Incorporated Oct. 3, 1885. Commenced business Oct. 20, 1885.
Henry Wessling, President. Andrew M. Dorr, Secretary.
Martin Hasenfuss, Treasurer.
Names of security committee :
John P. Geishecker, Nicholas Schaaf,
John J. Stephan.
Regular meetings the third Tuesday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
$220,075 00
Dues capital,
$207,039 00
Loans on shares, .
7,900 00
Profits capital (all series), .
36,778 98
Permanent expense account,
70 72
Interest, ....
1,319 66
Temporary expense account,
190 20
Fines
35 36
Real estate by foreclosure, .
15,978 78
Withdrawal profits,
147 60
Taxes and insurance paid, .
83 68
Forfeiture profits,
20
Mortgage
2,664 00
Guaranty fund, .
3,102 03
Cash in hands of secretary, .
2 68
Surplus
2,223 04
Cash in hands of treasurer, .
3,783 28
Forfeited share account,
51 27
Suspense account,
51 20
$250,748 34
$250,748 34
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Receipts.
Disbursements.
From dues capital,
$61,857 00
For real estate loans, .
$59,250 00
interest,
13,757 29
share loans, .
11,350 00
fines,
. 1 363 50
dues capital withdrawn,
32,341 00
transfer fees,
2 25
dues capital forfeited, .
2,388 00
real estate loans repaid
50,425 00
dues capital retired,
26,025 00
real estate loans elimi
dues capital matured, .
987 00
nated by foreclosure
12,050 00
profits capital withdrawn,
2,830 92
real estate loans elimi-
profits capital forfeited,
470 24
nated by maturity oi
profits capital retired, .
6,589 37
shares,
1,400 00
profits capital matured,
416 71
share loans repaid,
7,550 00
temporary expenses,
1,694 97
withdrawal profits,
620 83
forfeited shares, .
2,674 29
forfeiture profits,
117 42
interest on retired shares,
153 02
forfeited shares, .
2,721 32
suspense account, .
41 00
real estate by foreclos
real estate by foreclosure,
10,836 15
ure, .
7,883 22
taxes and insurance,
855 20
rents, .
195 50
Cash on hand Oct. 31, 1899, .
3,785 96
taxes and insurance re-
paid, .
40 53
Cash on hand Oct. 31, 1898,
3,704 97
$162,688 83
$162,688 83
No. 8.] SAVINGS BANK COMMISSIONERS.
83
Total Amount of Loans at Specified Rates of Interest.
Loans on Real Estate.
Loans on Shakes.
Amount.
Rate.
Amount.
Rate.
Amount.
Rate.
$37,250 00
90,625 00
7,100 00
39,400 00
33,600 00
7,050 00
5 25 per cent.
5.50 "
5 75 "
6.00 "
6.25 "
6.50 "
$1,900 00
2,200 00
500 00
250 00
200 00
6.75 per cent.
7.00 "
7.25 "
7-50 "
8.25 "
$4,150 00
2,600 00
100 00
300 00
200 00
450 00
100 00
5.25 per cent.
5.50 "
5.75 "
6 00
6.25 "
6.75 "
7.75 «
Reconciliation of Share Account with Dues and Profits Capital.
Number of shares issued during the year, . . . . . 1,642
Nrmber of shares now in force, . . . • . . . . 5,410
Number of shares now borrowed upon, 1,334
Largest number of shares held by any one member, .... 25
Number of shares withdrawn during the year, .... 1,283
Number of shares forfeited during the year, 75
Number of shares retired during the year, 314
Number of shares matured during the year, 7
Highest rate of premium or interest received on money sold during the year ;
5£ per cent.
84 REPORT OF THE [Pub. Doc.
Lowest rate of premium or interest received on money sold during the year :
5^ per cent.
Rate of profits distributed : 1st term, 2£ per cent. ; 2d term, 2^ per cent.
Number of members withdrawn during the year, 190
Present number of members, 665
Present number of borrowers, 136
Present number of non-borrowers, 529
Number of loans secured by first mortgage of real estate, . . . 142
Number of loans on shares, . .43
Largest loan to any one member, s . . . . $5,000 00
Smallest loan to any one member, 50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, . 1,720 51
Date of examination by commissioner : November 2, 9.
No. 8.] SAYINGS BANK COMMISSIONED.
85
GLOUCESTER CO-OPERATIVE BANK — GLOUCESTER.
Incorporated March 2, 1887. Commenced business April 14, 1887.
W. Frank Parsons, President. Everett Lane, Secretary and Treasurer.
Names of security committee :
Edwin 0. Parsons, Daniel H. Wallace,
Timothy A. Langsford, Herbert Presson,
Henry A. Swett.
Regular meetings the second Thursday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
$220,050 00
Dues capital,
$214,226 00
Loans on shares, .
18,150 00
Profits capital (all series) , .
54,597 33
Temporary expense account,
78 16
Interest, ....
1,258 50
Real estate by foreclosure, .
5,945 61
Premiums
79 86
Unpaid interest,
2,121 50
Fines,
48 08
Unpaid premiums,
139 45
Transfer fees,
75
Unpaid fines, ....
171 90
Withdrawal profits,
177 97
Cash in hands of treasurer, .
29,408 33
Guaranty fund, .
2,730 12
Surplus, ....
2,881 66
Forfeited share account,
7 65
Personal accounts,
57 03
$276,064 95
$276,064 95
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Receipts.
Disbursements.
From dues capital,
$40,975 00
For real estate loans, .
$29,750 00
interest,
15,153 49
share loans, .
12,250 00
premiums, .
914 09
dues capital withdrawn,
15,733 00
fines, ....
467 28
dues capital forfeited, .
819 00
transfer fees,
3 75
dues capital matured, .
29,892 00
real estate loans repaid,
14,450 00
profits capital withdrawn,
3,469 64
real estate loans elimi-
profits capital forfeited,
193 91
nated by maturity of
profits capital matured,
13,086 36
shares,
6,100 00
temporary expenses,
1,372 36
real estate loans elimi-
real estate by foreclosure,
8,375 53
nated by foreclosure,
6,900 00
Cash on hand Oct. 31, 1899,
29,408 33
share loans repaid,
20,750 00
withdrawal profits,
865 79
real estate by foreclos-
ure, ....
4,778 45
Cash on hand Oct. 31, 1898, .
32,992 28
$144,350 13
$144,350 13
SQ
REPORT OF THE
[Pub. Doc.
Total Amount of Loans at Specified Rates of Interest.
Loans on Real Estate.
Amount.
$189,000 00
16,500 00
10,550 00
Rate.
6.30 per cent.
6.60 »
6.90 "
Amount.
Rate.
$1,800 00
2,200 00
7.20 per cent.
7.50 "
Loans on Shares.
Amount.
Rate.
$15,550 00
1,900 00
700 00
6.30 per cent.
660 "
7.20 "
Reconciliation of Share Account with Dues and Profits Capital.
Date of
oo
u
a.®
O S3
£ .
""" as
os o
<0 u
s
— "3
Issue.
*S
■Son
o3J>.
o
5C
>
0Q
H
April, 1888, .
3
$198 72
89
$17,686 08
Dues capital, as per gen-
Oct., 1888, .
4
187 05
72
13,467 60
eral ledger,
$214,226 00
April, 1889; .
5
175 72
105
18,450 60
Profits capital, as per
Oct., 1889, .
6
164 72
94
15,483 68 .
general ledger, .
54,597 33
April, 1890, .
7
154 04
118
18,176 72
Unpaid dues,
2,842 00
Oct., 1890, .
8
143 67
79
11,349 93
April, 1891, .
9
133 60
185
24,716 00
Oct., 1891, .
10
123 85
140
17,339 00
April, 1892, .
11
114 38
164
18,758 32
Oct., 1892, .
12
105 17
148
15,565 16
April, 1893, .
13
96 22
202
19,436 44
Oct., 1893, .
14
87 53
124
10,853 72
April, 1894, .
15
79 12
127
10,048 24
Oct., 1894, .
16
70 93
137
9,717 41
April, 1895, .
17
62 97
145
9,130 65
Oct., 1895, .
18
55 24
95
5,247 80
April, 1896, .
19
47 74
210
10,025 40
Oct., 1896, .
20
40 46
202
8,172 92
April, 1897, .
21
33 39
221
7,379 19
Oct., 1897, .
22
26 52
171
4,534 92
April, 1898, .
23
19 85
105
2,084 25
Oct., 1898, .
24
13 38
160
2,140 80
April, 1899, .
25
7 10
195
1,384 50
Oct., 1899, .
26
1 00
171
171 00
345 00
Total,
Dues paid in
adva
nee, .
•
Total,
$271,665 33
$271,665 33
Number of shares issued during the year, 470
Number of shares now in force, 3,459
Number of shares now borrowed upon, 1,391
Largest number of shares held by any one member, .... 25
Number of shares withdrawn during the year, ..... 308
Number of shares forfeited during the year, 35
Number of shares matured during the year, 212
Highest rate of premium or interest received on money sold during the year :
5 cents premium.
Lowest rate of premium or interest received on money sold during the year :
5 cents premium.
Rate of profits distributed : 1st term, 3 per cent. ; 2d term, 3 per cent.
Number of members withdrawn during the year .75
Present number of members, 601
Present number of borrowers, 241
Present number of non-borrowers 360
Number of loans secured by first mortgage of real estate, . . . 266
Number of loans on shares, 72
Largest loan to any one member,
Smallest loan to any one member, •
Amount of expenses of the corporation for the year ending Oct. 31, 1899, .
Date of examination by commissioner : February 27.
$3,000 00
50 00
1,372 36
No. 8.] SAVINGS BANK COMMISSIONERS.
87
GRAFTON CO-OPERATIVE BANK — GRAFTON.
Incorporated Oct. 19, 1887. Commenced business Nov. 10, 1887.
Daniel N. Gibbs, President. Joseph A. Dodge, Secretary and Treasurer.
Names of security committee :
John E. McClellan, Oliver M. Wing,
Albert L. Fisher.
Regular meetings the second Thursday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
Loans on shares, .
Unpaid interest,
Cash in hands of treasurer, .
$52,681 00
4,540 00
188 52
1,936 35
Dues capital,
Profits capital (all series) , .
Guaranty fund, .
Surplus, ....
$46,464 00
10,998 56
675 00
1,208 31
$59,345 87
$59,345 87
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Receipts.
Disbursements.
From dues capital,
$10,644 00
For real estate loans, .
$6,985 00
interest,
3,732 72 |
share loans, .
1,115 00
fines, . .
44 66 |
dues capital withdrawn,
4,097 00
transfer fees,
3 00 :
dues capital retired,
807 00
real estate loans repaid,
7,575 00 ;
dues capital matured, .
8,268 00
real estate loans elimi-
profits capital withdrawn,
710 19
nated by maturity of
profits capital retired, .
343 26
shares,
1,000 00
profits capital matured, .
3,778 20
share loans repaid,
1,105 00
temporary expenses,
296 95
withdrawal profits,
65 83
interest on matured
membership fees,
25 20
shares,
38 22
Cash on hand Oct. 31, 1898, .
4,179 76
Cash on hand Oct. 31, 1899,
1,936 35
$28,375 17
$28,375 17
Total Amount of Loans at Specified Rates of Interest.
Loans on Real Estate.
Loans on Shabes.
Amount.
Rate.
Amount.
Rate.
Amount.
Rate.
$52,681 00
6.50 per cent.
-
-
$4,540 00
7.00 per cent.
88
REPORT OF THE
[Pub. Doc.
Reconciliation of Share Account with Dues and Profits Capital.
Date of
09
Q.®
© d
c .
GO o
a
— "3
Issue.
*c
3fi
m °
j5h
©
GO
>
GO
H
May, 1888, .
2
$200 78
2
$401 56
Dues capital, as per gen-
Nov., 1888, .
3
188 91
10
1,889 10
eral ledger,
$46,464 00
May, 1889, .
4
177 30
13
2,304 90
Profits capital, as per
Nov., 1889, .
5
166 00
26
4,316 00
general ledger, .
10,998 56
May, 1890, .
6
154 99
29
4,494 71
Unpaid dues, .
607 00
Nov., 1890, .
7
144 32
16
2,309 12
Suspense profits, .
02
May, 1891, .
8
133 98
38
5,091 24
Nov., 1891, .
9
123 93
29
3,593 97
May, 1892, .
10
114 25
42
4,798 50
Nov., 1892, .
11
104 81
25
2,620 25
May, 1893, .
12
95 71
14
1,339 94
Nov., 1893, .
13
86 87
33
2,866 71
May, 1894, .
14
78 31
25
1,957 75
Nov., 1894, .
15
70 03
87
6,092 61
May, 1895, .
16
62 03
31
1,922 93
Nov., 1895, .
17
54 23
49
2,657 27
May, 1896, .
18
46 75
40
1,870 00
Nov., 1896, .
19
39 44
40
1,577 60
May, 1897, .
20
32 34
45
1,455 30
Nov., 1897, .
21
25 48
94
2,395 12
May, 1898, .
22
18 84
30
565 20
Nov., 1898, .
23
12 38
70
866 60
May, 1899, .
24
6 10
102
622 20
61 00
Total,
Dues paid in
adva
nee, .
Total,
$58,069 58
$58,069 58
Number of shares issued during the year, 177
Number of shares now in force, , . . 890
Number of shares now borrowed upon, 371
Largest number of shares held by any one member, .... 25
Number of shares withdrawn during the year, 104
Number of shares retired during the year, 6
Number of shares matured during the year 60
Highest rate of premium or interest received on money sold during the year :
7 per cent.
Lowest rate of premium or interest received on money sold during the year :
6£ per cent.
Rate of profits distributed : 1st term, 3 per cent. ; 2d term, 3 per cent.
Number of members withdrawn during the year, 36
Present number of members, 151
Present number of borrowers, 61
Present number of non-borrowers, 90
Number of loans secured by first mortgage of real estate, ... 55
Number of loans on shares, 21
Largest loan to any one member,
Smallest loan to any one member,
Amount of expenses of the corporation for the year ending Oct. 31, 1899, .
Date of examination by commissioner : April 21.
$4,675 00
30 00
296 95
No. 8.] SAVINGS BANK COMMISSIONERS.
89
GROVELAND CO-OPERATIVE BANK— GROVELAND.
Incorporated Nov. 4, 1895. Commenced business Nov. 19, 1895.
Edward H. Parker, President. A. Shirley Ladd, Secretary and Treasurer.
Names of security committee :
E. H. George, Samuel B. George,
W. H. Dewhirst.
Regular meetings the third Tuesday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
Loans on shares, .
Permanent expense account,
Temporary expense account,
Unpaid interest,
Unpaid fines, ....
Cash in hands of treasurer, .
$14,630 00
620 00
98 41
159 17
47 60
9 68
593 39
Dues capital,
Profits capital (all series) , .
Guaranty fund, .
Surplus, ....
Forfeited share account,
$14,478 00
1,568 86
21 28
46 15
43 96
$16,158 25
$16,158 25
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Receipts.
Disbursements.
From dues capital,
$5,558 00
For real estate loans, .
$7,300 00
interest,
768 32
share loans, .
725 00
premiums, .
60
dues capital withdrawn,
1,455 00
fines, ....
41 76
profits capital withdrawn,
114 64
transfer fees,
25
temporary expenses,
247 63
real estate loans repaid,
2,800 00
forfeited shares,
59 16
share loans repaid,
255 00
withdrawal profits,
1 90
withdrawal profits,
28 43
Cash on hand Oct. 31, 1899,
593 39
forfeited shares, .
77 16
profits capital,
7 60
Cash on hand Oct. 31, 1898, .
959 60
$10,496 72
$10,496 72
90
REPORT OF THE
[Pub. Doc.
Total Amount of Loans at Specified Rates of Interest.
Loans on Real Estate.
Loans on Shakes.
Amount.
Rate.
Amount.
Rata.
Amount.
Rate.
$14,430 00 6.00 per cent.
$200 00
6.30 per cent.
$620 00
6.00 per cent.
Reconciliation of Share Account with Dues and Profits Capital.
Date of
Issue.
o5
o
<u
m
u
o as
>
c
— 03
GO O
- °
s
O
Nov., 1895, .
May, lh96, .
Nov , 1896, .
May, 1897, .
Nov., 1897, .
May, 1898, .
Nov., 1898, .
May, 1899, .
1
2
3
4
5
6
7
8
$54 24
46 74
39 46
32 39
25 52
18 85
12 38
6 10
173
41
23
50
27
34
56
47
$9,383 52
1,916 34
907 58
1,619 50
689 04
640 90
693 28
286 70
Dues capital, as per gen-
eral ledger,
Profits capital, as per
general ledger, .
Unpaid dues,
Total,
$14,478 00
1,568 86
90 00
Total,
$16,136 86
$16,136 86
Number of shares issued during the year 119
Number of shares now in force, 451
Number of shares now borrowed upon, 107
Largest number of shares held by any one member, .... 25
Number of shares withdrawn during the year, 65
Number of shares forfeited during the year, 2
Highest rate of premium or interest received on money sold during the year :
6 per cent.
Lowest rate of premium or interest received on money sold during the year :
6 per cent.
Rate of profits distributed : 1st term, 3 per cent. ; 2d term, 3 per cent.
Number of members withdrawn during the year, 14
Present number of members, 99
Present number of borrowers, 25
Present number of non-borrowers, .74
Number of loans secured by first mortgage of real estate, ... 20
Number of loans on shares, 5
Largest loan to any one member, $1,600 00
Smallest loan to any one member, 70 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, . 258 56
Date of examination by commissioner : June 1.
No. 8.] SAVINGS BANK COMMISSIONERS.
91
GUARDIAN CO-OPERATIVE BANK — BOSTON.
Incorporated July 2, 1886. Commenced business Aug. 6, 1886.
Gamaliel Bradford, President. Daniel Eldredge, Secretary and Treasurer.
Names of security committee :
John K. Fellows, James M. Simpson,
H. P. Oakman, Gamaliel Bradford,
Walter H. Roberts.
Regular meetings the first Friday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Loans on real estate,
Loans on shares, .
Temporary expense account
Real estate by foreclosure,
Unpaid interest,
Unpaid premiums,
Unpaid fines, .
Mortgages,
Cash in hands of treasurer,
,100 00
8,400 00
575 00
15,639 59
1,074 21
43 25
89 73
3,204 58
5,158 78
$234,285 14
Liabilities.
Dues capital,
Profits capital (all series) ,
Interest,
Premiums, .
Fines, .
Transfer fees,
Withdrawal profits,
Forfeiture profits,
Guaranty fund, .
Surplus,
Forfeited share account,
Matured share account,
Retired share account, .
$196,196 00
25.524 87
5,127 33
185 90
224 47
1 25
308 52
2 64
2,750 00
2,082 53
5 90
202 98
1,672 75
$234,285 14
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Receipts.
Disbursements.
From dues capital,
$65,678 00
For real estate loans, .
$39,100 00
interest,
12,298 34
share loans, .
8,450 00
premiums, .
469 00
dues capital withdrawn,
16,906 00
fines, ....
510 84
dues capital forfeited, .
205 00
transfer fees,
2 75
dues capital retired,
44,703 00
real estate loans repaid,
36,150 00
dues capital matured, .
7,901 00
real estate loans elimi-
profits capital withdrawn,
2,011 00
nated by foreclosure,
2,100 00
profits capital forfeited,
33 60
real estate loans elimi-
profits capital retired, .
7,517 60
nated by maturity of
profits capital matured,
3,310 96
shares,
4,400 00
temporary expenses,
2,232 82
share loans repaid,
6,100 00
interest on retired and
withdrawal profits,
502 64
matured shares, .
818 50
forfeiture profits, .
8 40
real estate bv foreclosure,
6,332 91
retired share account, .
51,624 55
retired share account, .
50,559 77
matured share account,
5,759 16
matured share account,
5,556 18
real estate by foreclos-
dues capital, .
20 00
ure, ....
8,885 92
Cash on hand Oct. 31, 1899,
5,158 78
surplus account, .
20 00
mortgages, .
12 00
Cash on hand Oct. 31, 1898, .
6,295 52
$200,817 12
$200,817 12
92
REPOKT OF THE
[Pub. Doc.
Total Amount of Loans at Specified Rates of Interest.
Loans on .Real Estate.
Loans on Shares.
Amount.
late.
Amount.
Rate.
Amount.
Rate.
$89,950 00
600 00
97,950 00
5.00 per cent.
5.25 «
6.30 "
$6,300 00
3,300 00
2,000 00
6.60 per cent.
6.90 "
7.20 "
$7,450 00
950 00
5.00 per cent.
6.30 "
Reconciliation of Share Account with Dues and Profits Capital.
Datk op
OQ
u
(O 03
c .
to o
^"3
ISSDE.
"Sao
5>
o
cc
>
m
H
June, 1888, .
5
$189 87
23
$4,367 01
Dues capital, as per gen-
Dec, 1888, .
6
178 58
18
3,214 44
eral ledger, .
$196,196 00
June, 1889, .
7
167 59
12
2,011 08
Profits capita], as per
Dec, 1889, .
8
156 95
34
5,336 30
general ledger, .
25,524 87
June, 1890, .
9
146 65
62
9,092 30
Unpaid dues,
1,976 00
Dec, 1890, .
10
136 60
15
2,049 00
June, 1891, .
11
126 84
30
3,805 20
Dec, 1891, .
12
117 40
39
4,578 60
June, 1892, .
13
108 22
93
10,064 46
Dec, 1892, .
14
99 34
210
20,861 40
June, 1893, .
15
90 75
215
19,511 25
Dec, 1893, .
16
82 42
24
1,978 08
June, 1894, .
17
74 31
88
6,539 28
Dec, 1894, .
18
66 42
205
13,616 10
June, 1895, .
19
58 78
364
21,395 92
Dec, 1895, .
20
51 35
266
13,659 10
June, 1896, .
21
44 14
343
15,140 02
Dec, 1896, .
22
37 13
483
17,933 79
June, 1897, .
23
30 32
509
15,432 88
Dec, 1897, .
24
23 72
627
14,872 44
June, 1898, .
25
17 31
458
7,927 98
Dec , 1898, .
26
11 08
628
6,958 24
June, 1899, .
27
5 00
578
2,890 00
462 00
Total, .
Dues paid in
adva
nee, .
•
Total,
$223,696 87
$223,696 87
Number of shares issued during the year,
Number of shares now in force, ....
Number of shares now borrowed upon, .
Largest number of shares held by any one member,
Number of shares withdrawn during the year,
Number of shares forfeited during the year, .
Number of shares retired during the year,
Number of shares matured during the year, .
Highest rate of premium or interest received on money sold
5 per cent.
Lowest rate of premium or interest received on money sold
5 per cent.
Rate of profits distributed : 1st term, 2£ per cent. ; 2d term
Number of members withdrawn during the year, .
Present number of members,
Present number of borrowers,
Present number of non-borrowers,
Number of loans secured by first mortgage of real estate,
Number of loans on shares,
Largest loan to any one member,
Smallest loan to any one member,
Amount of expenses of the corporation for the year ending
Date of examination by commissioner : March 30.
1,243
5,324
1,264
25
550
11
660
56
during the year:
during the year :
, 2£ per cent.
. .147
. 72-5
. 126
. 599
. 121
. 38
Oct. 31, 1899,
$5,000 00
50 00
2,232 82
No. 8.] SAVINGS BANK COMMISSIONERS.
93
HAVERHILL CO-OPERATIVE BANK — HAVERHILL.
Incorporated Aug. 20, 1877. Commenced business Sept. 3, 1877.
Amos W. Downing, Presid,^. William H. Page, Secretary and Treasurer.
Names of security committee :
Jackson "Webster, Charles Shapleigh,
Warren W. Potter.
Regular meetings the first Monday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
$296,300 00
Dues capital,
$349,144 00
Loans on shares, .
9,000 00
Profits capital (all series), .
64,745 55
Real estate by foreclosure, .
34,414 75
Guaranty fund, .
4,000 00
Unpaid interest,
5,187 39
Surplus, ....
46 89
Unpaid premiums,
156 80
Forfeited share account,
528 63
Unpaid fines, ....
263 68
Matured share account,
5,115 11
City of Haverhill, Mass., 4s, .
15,000 00
City of Brockton, Mass., 4s, .
35,000 00
City of Somerville, Mass., 4s,
6,000 00
County of Aroostook, Me , 4^s,
5,000 00
Mortgage balance account, .
477 42
Insurance account,
152 90
Cash in hands of treasurer, .
16,627 24
$423,580 18
$423,580 18
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Receipts.
Disbursements.
From dues capital,
$81,684 00
For real estate loans, .
$49,100 00
interest,
20,026 27
share loans, .
11,750 00
premiums, .
264 67
dues capital withdrawn,
36,717 00
fines, ....
523 53
dues capital forfeited, .
2,305 00
transfer fees,
5 00
dues capital retired,
9,903 00
real estate loans repaid,
41,450 00
dues capital matured, .
25,618 00
real estate loans elimi-
profits capital withdrawn,
5,552 07
nated by foreclosure,
15,100 00
profits capital forfeited,
551 94
real estate loans elimi-
profits capital retired, .
2,090 51
nated by maturity of
profits capital matured, .
10,672 20
shares,
3,300 00
temporary expenses,
2,410 04
share loans repaid,
14,150 00
forfeited shares,
257 84
withdrawal profits,
555 19
real estate by foreclosure,
17,176 69
forfeiture profits, .
55 19
matured share account,
22,407 19
forfeited shares, .
708 58
retired share account, .
11,242 58
real estate by foreclos-
bonds, ....
3,000 00
ure, ....
8,650 81
insurance,
160 90
mortgage balances,
68 00
Cash on hand Oct. 31, 1899,
16,627 24
matured share account,
27,522 30
retired share account, .
10,883 30
insurance,
8 00
Cash on hand Oct. 31, 1898, .
2,587 36
$227,542 20
$227,542 20
94
REPOKT OF THE
[Pub. Doc.
Total Amount of Loans at Specified Bates of Interest.
Loans on Real Estate.
Loans on Shares.
Amount.
Rate.
Amount.
Rate.
Amount.
Rate.
$267,400 00
5.00
per cent.
|28,900 00
6.30
per cent.
$8,500 00
150 00
350 00
5.00 per cent.
6.00 "
6.30 "
Reconciliation of Share Account with Dues and Profits Capital.
Date of
«
« 03
<0 u
o3
— "3
Issue.
*J3
3.3
b °
aj>.
o
cc
>
CO
H
May, 1888, .
19
$191 04
95
$18,148 80
Dues capital, as per gen-
Nov., 1888, .
20
179 57
127
22,805 39
eral ledger,
$349,144 00
May, 1889, .
21
168 48
113
19,038 24
Profits capital, as per
Nov., 1889, .
22
157 77
88
13,883 76
general ledger, .
64,745 55
May, 1890, .
23
147 43
109
16,069 87
Unpaid dues,
5,037 00
Nov , 1890, .
24
137 40
174
23,907 60
May, 1891, .
25
127 72
185
23,628 20
Nov., 1891, .
26
118 30
152
17,981 60
May, 1892, .
27
109 17
250
27,292 50
Nov., 1892, .
28
100 35
107
10,737 45
May, 1893, .
29
91 81
323
29,654 63
Nov., 1893, .
30
83 49
294
24,546 06
May, 1894, .
31
75 46
290
21,883 40
Nov., 1894, .
32
67 70
286
19,362 20
May, 1895, .
33
60 10
453
27,225 30
Nov., 1895, .
34
52 75
555
29,276 25
May, 1896, .
35
45 58
314
14,312 12
Nov., 1896, .
36
38 59
478
18,446 02
May, 1897, .
37
31 75
449
14,255 75
Nov., 1897, .
38
25 09
190
4,767 10
May, 1898, .
39
18 60
689
12,815 40
Nov., 1898, .
40
12 25
425
5,206 25
May, 1899, .
41
6 06
561
3,399 66
283 00
Dues paid in
adva
nee, .
Total,
•
$418,926 55
Tota
, • •
•
$418,926 55
Number of shares issued during the year, 1,043
Number of shares now in force, 6,707
Number of shares now borrowed upon, 1,731
Largest number of shares held by any one member, . . . .25
Number of shares withdrawn during the year, . . . . . 862
Number of shares forfeited during the year, 88
Number of shares retired during the year, 123
Number of shares matured during the year, 178
Highest rate of premium or interest received on money sold during the year :
5 per cent.
Lowest rate of premium or interest received on money sold during the year :
5 per cent.
Rate of profits distributed : 1st term, 2| per cent. ; 2d term, 2 per cent.
Number of members withdrawn during the year, 115
Present number of members 999
Present number of borrowers, 253
Present number of non-borrowers, 746
Number of loans secured by first mortgage of real estate, . . . 216
Number of loans on shares, 37
Largest loan to any one member, $5,000 00
Smallest loan to any one member, 50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, , 2,410 04
Date of examination by commissioner: July 7.
No. 8.] SAVINGS BANK COMMISSIONERS.
95
HENRY WILSON CO-OPERATIVE BANK — NATICK.
Incorporated Oct. 23, 1886. Commenced business Nov. 12, 1886.
John R. Adams, President. Erdix T. Turner, Secretary.
Harvey H. Whitney, Treasurer.
Names of security committee :
JUDSON E. SWEETLAND, FRANCIS C. PERRY,
Daniel C. Felton, Harvey H. Whitney.
Regular meetings the second Friday of each month.
Balance Sheet Oct. 31, 1899
Assets.
Liabilities.
Loans on real estate,
$123,850 00
Dues capital,
$138,343 00
Loans on shares, .
11,650 00
Profits capital (all series), .
28,483 12
Permanent expense account,
218 25
Guaranty fund, .
593 66
Real estate by foreclosure, .
23,325 00
Surplus, ....
1,707 59
Unpaid interest,
1,241 74
Forfeited share account,
31 26
Unpaid premiums,
111 65
Unpaid fines, ....
110 74
Real estate investment ac-
count,
1,300 00
Cash in hands of treasurer, .
7,351 25
$169,158 63
$169,158 63
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Receipts.
Disbursements.
From dues capital,
$29,415 00
For real estate loans, .
$25,400 00
interest,
8,683 62
share loans, .
6,200 00
premiums, .
436 66
dues capital withdrawn,
18,965 00
fines, ....
200 31
dues capital matured, .
12,362 00
transfer fees,
1 50
profits capital withdrawn,
3,773 29
real estate loans repaid,
24,600 00
profits capital matured, .
5,080 17
real estate loans elimi-
temporary expenses,
788 31
nated by maturity of
interest, ....
119 64
shares,
6,400 00
real estate by foreclosure,
1,131 56
share loans repaid,
3,050 00
surplus account, .
100 00
withdrawal profits,
943 70
Cash on hand Oct. 31, 1899,
7,351 25
rents, ....
1,399 25
real estate by foreclos-
ure, ....
3,111 32
surplus account, .
100 00
Cash on hand Oct. 31, 1898, .
2,929 86
$81,271 22
$81,271 22
96
REPORT OF THE
[Pub. Doc.
Total Amount of Loans at Specified Rates of Interest.
Loans on Real Estate.
Loans on Shares.
Amount.
Rate.
Amount.
Rate.
Amount.
Rate.
$40,400 00
2,300 00
3,300 00
5.00 per cent.
5.25 "
5.75 "
$4,050 00
73,800 00
6.00 per cent.
6.30 "
$4,700 00
1,050 00
5,700 00
200 00
5.00 per cent.
6.00 "
6.30 «
6.60 «
Reconciliation of Share Account with Dues and Profits Capital.
Date of
03
u
a> •
a> as
B3 O
<L> -
3
p-."3
Issue.
13
3.C
CO
>
CO
Eh
Nov., 1887, .
3
$201 09
72
$14,478 48
Dues capital, as per gen-
May, 1888, .
4
189 48
41
7,768 68
eral ledger, .
$138,343 00
Nov., 1888, .
5
178 25
70
12,477 50
Profits capital, as per
May, 1889, .
6
167 36
37
6,192 32
general ledger, .
28,483 12
Nov., 1889, .
7
156 81
23
3,606 63
Unpaid dues,
4,417 00
May, 1890, .
8
146 59
51
7,476 09
Nov., 1890, .
9
136 70
72
9,842 40
May, 1891, .
10
127 10
75
9,532 50
Nov., 1891, .
11
117 83
32
3,770 56
May, 1892, .
12
108 81
67
7,290 27
Nov., 1892, .
13
100 07
96
9,606 72
May, 1893, .
14
91 55
73
6,683 15
Nov., 1893, .
15
83 30
78
6,497 40
May, 1894, .
16
75 27
98
7,376 46
Nov., 1894, .
17
67 49
208
14,037 92
May, 1895, .
18
59 93
196
11,746 28
Nov., 1895, .
19
52 59
101
5,311 59
May, 1896, .
20
45 48
153
6,958 44
Nov., 1896, .
21
38 54
254
9,789 16
May, 1897, .
22
31 76
117
3,715 92
Nov., 1897, .
23
25 12
51
1,281 12
May, 1898, .
24
18 63
82
1,527 66
Nov., 1898, .
25
12 28
222
2,726 16
May, 1899, .
26
6 07
253
1,535 71
14 00
1
Total,
Dues paid in
adva
nee, .
•
Total,
$171,243 12
$171,243 12
Number of shares issued during the year, 507
Number of shares now in force, 2,522
Number of shares now borrowed upon, . 988
Largest number of shares held by any one member, .... 25
Number of shares withdrawn during the year, 371
Number of shares matured during the year, 88
Highest rate of premium or interest received on money sold during the year :
6 per cent.
Lowest rate of premium or interest received on money sold during the year :
5 per cent.
Rate of profits distributed : 1st term, 1\ per cent. ; 2d term, 2| per cent.
Number of members withdrawn during the year, 46
Present number of members, 346
Present number of borrowers, 121
Present number of non-borrowers, 225
Number of loans secured by first mortgage of real estate, . . . 102
Number of loans on shares, 73
Largest loan to any one member,
Smallest loan to any one member,
Amount of expenses of the corporation for the year ending Oct. 31, 1899, .
Date of examination by commissioner: January 17.
$4,000 00
100 00
788 31
No. 8.] SAVINGS BANK COMMISSIONERS.
97
HIGHLAND CO-OPERATIVE BANK — BOSTON.
Incorporated Feb. 24, 1899. Commenced business Feb. 27, 1899.
James F. Bliss, President. Thomas J. Sproul, Secretary and Treasurer.
Names of security committee :
Joseph Engel,
Abraham T. Weinz,
George Finneran,
James P. Cleary
Regular meetings the third Monday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
Loans on shares, .
Permanent expense account,
Temporary expense account,
Suspense account, .
Cash in hands of treasurer, .
$6,800 00
60 00
300 00
36 00
17 84
4,775 14
Dues capital,
Profits capital (all series), .
Interest, ....
Fines
Withdrawal profits,
Guaranty fund, .
$11,769 00
64 00
144 72
7 69
57
3 00
$11,988 98
$11,988 98
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Eeceipts.
Disbursements.
From dues capital,
interest,
fines, ....
transfer fees,
withdrawal profits,
$12,322 00
204 82
19 81
50
57
For real estate loans, .
share loans, .
dues capital withdrawn,
profits capital withdrawn,
temporary expenses,
permanent expenses,
Cash on hand Oct. 31, 1899,
$6,800 00
60 00
553 00
2 85
48 00
308 71
4,775 14
$12,547 70
$12,547 70
98
REPORT OF THE
[Pub. Doc.
Total Amount of Loans at Specified Rates of Interest.
Loans on Real Estate.
Loans on Shares.
Amount.
Eate.
Amount.
Eate.
Amount.
Eate.
$5,000 00
5.00 per cent.
$1,800 00
5.50 per cent.
$60 00
6.25 per cent.
Reconciliation of Share Account ivilh Dues and Profits Capital,
Date of
Issue.
•22
—
ft*
>
~" as
Sin
Total
Value.
Feb., 1899, .
Aug., 1899, .
1
2
$9 05
3 00
1,280
237
$11,584 00
711 00
72 00
Dues capital, as per gen-
eral ledger,
Profits capital, as per
general ledger, .
Unpaid dues,
Total, .
$11,769 00
64 00
Dues paid in advance, .
534 00
Total,
$12,367 00
$12,367 00
Number of shares issued during the year, 1,678
Number of shares now in force, 1,517
Number of shares now borrowed upon, .54
Largest number of shares held by any one member, .... 25
Number of shares withdrawn during the year, 161
Highest rate of premium or interest received on money sold during the year :
63 per cent.
Lowest rate of premium or interest received on money sold during the year :
5 per cent.
Rate of profits distributed : 1st term, l£ per cent.*
Number of members withdrawn during the year, . . . . . 21
Present number of members, 178
Present number of borrowers, 4
Present number of non-borrowers 174
Number of loans secured by first mortgage of real estate, ... 3
Number of loans on shares, 1
Largest loan to any one member, . . . $5,000 00
Smallest loan to any one member, 60 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, . 56 71
Date of examination by commissioner: December 29.
* This bank commenced business Feb. 24, 1899.
No. 8.] SAVINGS BANK COMMISSIONERS.
99
HINGHAM CO-OPERATIVE BANK — HINGHAM.
Incorporated June 1, 1889. Commenced busiDess June 5, 1889.
Ebed L. Ripley, President. Walter B. Foster, Secretary and Treasurer.
Names of security committee :
C. Sumner Cushing, Ira G. Herset,
Edward W. Bartlett, Stetson Foster,
Francis M. Ripley.
Regular meetings the first Wednesday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Loans on real estate,
Loans on shares, .
Permanent expense account,
Real estate by foreclosure, .
Unpaid interest,
Unpaid premiums,
Unpaid fines, .
Cash in hands of treasurer, .
$169,000 00
6,750 00
140 45
1,937 69
764 63
36 35
112 42
14,194 01
$192,935 55
Liabilities.
Dues capital,
Profits capital (all series),
Guaranty fund,
Surplus,
Forfeited share account,
$157,613 00
33,650 62
708 41
956 90
6 62
$192,935 55
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Receipts.
DlSBDKSEMENTS.
From dues capital,
$39,245 00
For real estate loans, .
$17,400 00
interest,
10,862 66
share loans, .
6,400 00
premiums, .
563 04
dues capital withdrawn,
10,861 00
fines, ....
393 92
dues capital retired,
24,289 00
transfer fees,
75
profits capital withdrawn,
1,388 91
real estate loans repaid,
20,350 00
profits capital retired, .
7,668 13
share loans repaid,
5,300 00
temporary expenses,
1,004 83
withdrawal profits,
347 43
forfeited shares,
352 64
real estate by foreclos-
interest on retired shares,
308 48
ure, ....
138 65
real estate by foreclosure,
41 90
Cash on hand Oct. 31, 1898, .
6,718 33
security committee,
10 88
Cash on hand Oct. 31, 1899, .
14,194 01
$83,919 78
$83,919 78
100
REPORT OF THE
[Pub. Doc.
Total Amount of Loans at Specified Rates of Interest.
Loans on Real Estate.
Amount.
Rate.
Amount.
Rate.
$16,650 00
7,500 00
1,400 00
5.00 per cent.
5.50 "
5.75 "
$138,850 00
3,000 00
1,600 00
6.30 per cent.
6.60 "
6.90 "
Loans on Shares.
Amount.
Rate.
$800 00
1,250 00
4,500 00
200 00
5.00 per cent.
5.25 "
6.30 "
7.80 "
Reconciliation of Share Account with Dues and Profits Capital.
Date of
to
a®
CJ 08
d
Issue.
"E
3.C
■3«
£ o
2*
©
QC
>
K
June, 1889, .
1
$175 29
29
$5,083 41
Dues capital, as per gen-
Nov., 1889, .
2
165 93
7
1,161 51
eral ledger, .
$157,613 00
May, 1890, .
3
155 00
62
9,610 00
Profits capital, as per
Nov., 1890, .
4
144 36
97
14,002 92
general ledger, .
33,650 62
Mav, 1891, .
5
134 04
131
17,559 24
Unpaid dues,
1,208 00
Nov.. 1891, .
6
123 99
103
12,770 97
Mav, 1892, .
7
114 27
175
19,997 25
Nov., 1892, .
8
104 87
116
12,164 92
May, 1893, .
9
95 76
84
8,043 84
Nov., 1893, .
10
86 95
121
10,520 95
May, 1894, .
11
78 40
206
16,150 40
Nov., 1894, .
12
70 13
92
6,451 96
May, 1895, .
13
62 11
218
13,539 98
Nov., 1895, .
14
54 33
97
5,270 01
May, 1896, .
15
46 79
227
10,621 33
Nov., 1896, .
16
39 48
144
5,685 12
May, 1897, .
17
32 39
250
8,097 50
Nov , 1897, .
18
25 52
254
6,482 08
May, 1898, .
19
18 85
215
4,052 75
Nov., 1898, .
20
12 38
261
3,231 18
May, 1899, .
21
6 10
303
1,848 30
126 00
Total,
Dues paid in
adva
nee, .
•
Total,
$192,471 62
1
$192,471 62
Number of shares issued daring the year, 591
Number of shares now in force, 3,192
Number of shares now borrowed upon, ...... 1,079
Largest number of shares held by any one member, .... 25
Number of shares withdrawn during the year, 304
Number of shares retired during the year, 240
Hishest rate of premium or interest received on money sold during the year :
5 cents premium.
Lowest rate of premium or interest received on money sold during the year :
5 per cent.
Rate of profits distributed : 1st term, 3 per cent. ; 2d terra, 3 per cent.
Number of members withdrawn during the year, 53
Present number of members, 441
Present number of borrowers, 145
Present number of non-borrowers, 296
Number of loans secured by first mortgage of real estate, . . . 154
Number of loans on shares, 51
Largest loan to any one member, . . . .
Smallest loan to any one member,
Amount of expenses of the corporation for the year ending Oct. 31, 1899,
Date of examination by commissioner: September 21.
55,000 00
50 00
1,098 43
No. 8.] SAVINGS BANK COMMISSIONERS.
101
HOLBROOK CO-OPERATIVE BANK- HOLBROOK.
Incorporated May 11, 1888. Commenced business June 11, 1888.
W. F. Gleason, President. George T. Wilde, Secretary and Treasurer.
Names of security committee :
Zenas A. French, Frank B. Diman,
Charles H. McCarter.
Regular meetings the second Tuesday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Loans on real estate,
Loans on shares, .
Temporary expense account
Real estate by foreclosure,
Unpaid interest,
Unpaid premiums,
Unpaid fines, .
Cash in hands of treasurer,
Liabilities.
$44,000 00
3,900 00
57 58
3,262 34
923 66
50 70
73 76
3,746 71
5,014 75
Dues capital,
$41,232 00
Profits capital (all series), .
11,240 58
Interest, ....
1,348 49
Premiums, .
75 55
Fines, .
82 82
Transfer fees,
50
Withdrawal profits,
23 27
Forfeiture profits,
14 51
Guaranty fund, .
395 00
Surplus,
1,602 03
$56,014 75
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Receipts.
Disbursements.
From dues capital,
$8,435 00
For real estate loans, .
$5,250 00
interest,
2,981 18
share loans, .
2,800 00
premiums
161 00
dues capital withdrawn,
1,524 00
fines, ....
186 76
dues capital forfeited, .
621 00
transfer fees,
1 25
dues capital retired,
4,693 00
real estate loans repaid,
3,350 00
profits capital withdrawn,
186 44
real estate loans elimi-
profits capital forfeited,
89 33
nated by foreclosure,
6,200 00
profits capital retired, .
1,977 15
share loans repaid, t
2,025 00
temporary expenses,
159 42
withdrawal profits,
43 48
forfeited shares,
710 33
forfeiture profits, .
22 34
interest on retired shares,
70 50
forfeited shares, .
710 33
surplus, ....
142 59
surplus,
82 85
real estate by foreclosure,
6,580 93
real estate by fore-
Cash on hand Oct. 31, 1899,
3,746 71
closure,
3,318 59
Cash on hand Oct. 31, 1898, .
1,033 62
$28,551 40
$28,551 40
102
REPORT OF THE
[Pub. Doc.
Total Amount of Loans at Specified Rates of Interest.
Loans on Real Estate.
Loans on Sharks.
Amount. Rate.
Amount.
Rate.
Amount.
Rate.
$44,000 00
6.30 per cent.
-
-
$3,900 00
6.30 per cent.
Reconciliation of Share Account with Dues and Profits Capital.
Number of shares issued during the year, 99
Number of shares now in force, 699
Number of shares now borrowed upon, 325
Largest number of shares held by any one member, . . .18
Number of shares withdrawn during the year, 59
Number of shares forfeited during the year, 32
Number of shares retired during the year, .35
Highest rate of premium or interest received on money sold during the year :
6 3-10 percent.
Lowest rate of premium or interest received on money sold during the year :
6 3-10 per cent.
Rate of profits distributed : 1st term, 3| per cent. ; 2d term, 3 per cent.
Number of members withdrawn during the year, 15
Present number of members, 139
Present number of borrowers, 58
Present number of non-borrowers, 81
Number of loans secured by first mortgage of real estate, ... 46
Number of loans on shares, 12
Largest loan to any one member, $3,600 00
Smallest loan to any one member, 25 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, . 159 42
Date of examination by commissioner: March 10.
No. 8.] SAVINGS BANK COMMISSIONERS.
103
HOLYOKE CO-OPEBATIVE BANK — HOLYOKE.
Incorporated July 24, 1880. Commenced business Aug. 25, 1880.
Charles L. Newcomb, President. D wight 0. Judd, Secretary and Treasurer.
Names of security committee :
John H. Montgomery, "W. H. Bullard,
Thomas W. Doyle.
Regular meetings the fourth Wednesday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
$225,900 00
Dues capital,
$235,264 00
Loans on shares, .
17,30U 00
Profits capital (all series), .
44,507 00
Permanent expense account,
122 14
Guaranty fund, .
1,358 18
Real estate by foreclosure, .
2,412 35
Forfeited share account,
27 65
Unpaid interest,
1,198 61
Profit and loss account,
1,549 15
Unpaid premiums,
2 39
Unpaid fines, ....
38 96
Unpaid dues, . .
1,999 00
Furniture account,
445 50
Cash in hands of treasurer, .
33,287 03
$282,705 98
$282,705 98
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Receipts.
Disbursements.
From dues capital,
$70,993 00
For real estate loans, .
$45,850 00
interest, . . .
15,942 37
share loans, .
18,350 00
premiums, .
39 76
dues capital withdrawn,
28,181 00
fines, ....
786 57
dues capital forfeited, .
243 00
transfer fees,
3 25
dues capital retired,
31,635 00
real estate loans repaid,
46,850 00
dues capital matured, .
1,974 00
real estate loans elimi-
profits capital withdrawn,
3.898 09
nated by foreclosure,
1,200 00
profits capital forfeited,
13 68
real estate loans elimi-
profits capital retired, .
9,536 09
nated by maturity of
profits capital matured,
830 26
shares,
2,700 00
temporary expenses,
1,734 19
share loans repaid,
17,200 00
permanent expenses,
7 50
withdrawal profits,
827 43
forfeited shares.
201 94
forfeiture profits, .
6 39
interest on retired shares,
761 57
forfeited shares, .
201 94
interest on matured
temporary expense ac-
shares,
41 72
count,
50 50
interest refunded, .
10 00
real estate by foreclos-
fines repaid, .
2 52
ure
1,352 99
real estate by foreclosure,
1,447 88
Cash on hand Oct. 31, 1898, .
19,851 27
Cash on hand Oct. 31, 1899,
33,287 03
$178,005 47
$178,005 47
104
REPORT OF THE
[Pub. Doc.
Total Amount of Loans at Specified Rates of Interest.
Loans on Real Estate.
Loans on Shares.
Amount.
Rate.
Amount.
Rate
Amount.
Rate.
$43,300 00
172,850 00
2,000 00
6,300 00
5.00 per cent.
6.00 "
6.06 «
6.30 "
$1,000 00
350 00
100 00
6.54 per cent.
6.96 "
10.68 "
$5,300 00
12,000 00
5.00 per cent.
6.00 "
Reconciliation of Share Account with Dues and Profits Capital.
Date of
to
^2
a> as
c .
'00 ®
£ 2
0
3
Issue.
"C
3.C
"350
2fc<
etS>.
OO
>
go
r-1
May, 188?, ■
16
$197 32
51
$10,063 32
Dues capital, as per gen-
Nov., 1888, .
17
185 67
40
7,426 80
eral ledger,
$235,264 00
May, 1889, .
18
174 36
19
3,312 84
Profits capital, as per
Nov., 1889, .
19
163 37
85
13,886 45
general ledger, .
44,507 00
May, 1890, .
20
152 72
100
15,272 00
Nov., 1890, .
21
142 36
80
11,388 80
May, 1891, .
22
132 31
73
9,658 63
Nov., 1891, .
23
122 55
112
13,725 60
May, 1892, .
24
113 08
110
12,438 80
Nov., 1892, .
25
103 89
169
17,557 41
May, 1893, .
26
94 95
129
12,248 55
Nov., 1893, .
27
86 28
80
6,902 40
May, 1894, .
28
77 86
202
15,727 72
Nov., 1894, .
29
69 69
226
15,749 94
May, 1895, .
30
61 76
246
15,192 96
Nov., 1895, .
31
54 06
375
20,272 50
Mav, 1896, .
32
46 58
341
15,883 78
Nov., 1896, .
33
39 32
290
11,402 80
May, 1897, .
34
32 27
343
11,068 61
Nov., 1897, .
35
25 43
580
14,749 40
May, 1898, .
36
18 79
633
11,894 07
Nov., 1898, .
37
12 34
649
8,008 66
May, 1899, .
38
6 08
912
5,544 96
394 00
Total,
Dues paid in j
idva
rice, .
. :
Total,
$279,771 00
$279,771 00
Number of shares issued during the year,
Number of shares now in force, ....
Number of shares now borrowed upon, .
Largest number of shares held by any one member,
Number of shares withdrawn during the year,
Number of shares forfeited during the year, .
Number of shares retired during the year,
Number of shares matured during the year, .
Highest rate of premium or interest received on money sold
6 per cent.
Lowest rate of premium or interest received on money sold
5 per cent.
Rate of profits distributed: 1st term, 3 per cent.; 2d term,
Number of members withdrawn during the year, .
Present number of members,
Present number of borrowers,
Present number of non-borrowers,
Number of loans secured by first mortgage of real estate,
Number of loans on shares, ' .
Largest loan to any one member,
Smallest loan to any one member,
Amount of expenses of the corporation for the year ending
Date of examination by commissioner: September 15.
1,679
5,845
1,641
25
861
21
307
14
during the year :
during the year :
3 per cent.
. .175
. 956
. 297
. 659
. 226
. 71
Oct. 31, 1899,
$4,000 00
50 00
1,711 70
No. 8.] SAVINGS BANK COMMISSIONED.
105
HOME CO-OPERATIVE BANK - WORCESTER.
Incorporated June 10, 1882. Commenced business June 16, 1882.
E. H. Towne, President. T. J. Hastings, Secretary and Treasurer.
Names of security committee :
Daniel Parlin, E. J. Bard well,
D. C. Leonard.
Regular meetings the Friday preceding the third Monday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
Loans on shares, .
Temporary expense account,
Mortgage, ....
Cash in hands of treasurer, .
$323,350 00
9,960 00
773 28
3,300 00
25,205 04
Dues capital,
Profits capital (all series) , .
Interest, ....
Fines,
Transfer fees,
Guaranty fund, .
Surplus, ....
Forfeited share account,
$295,940 00
50,371 78
6,092 20
357 48
4 00
2,780 00
6,967 69
75 17
$362,588 32
$362,588 32
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Receipts.
Disbursements.
From dues capital,
$86,315 00
For real estate loans, .
$82,550 00
interest,
21,503 07
share loans, .
9,350 00
fines, ....
791 54
dues capital withdrawn,
39,028 00
transfer fees,
7 25
dues capital forfeited, .
120 00
real estate loans repaid,
92,350 00
dues capital retired,
32,608 00
share loans repaid,
10,180 00
dues capital matured, .
16,414 00
withdrawal profits,
637 04
profits capital withdrawn,
6,957 05
forfeiture profits, .
2 67
profits capital forfeited,
18 46
forfeited shares, .
132 22
profits capital retired, .
8,098 21
expense account, .
190 60
profits capital matured, .
7,593 46
Cash on hand Oct. 31, 1898, .
17,600 68
temporary expenses,
1,634 35
forfeited shares,
133 50
Cash on hand Oct. 31, 1899,
25,205 04
$229,710 07
$229,710 07
106
REPORT OF THE
[Pub. Doc.
Total Amount of Loans at Specified Bates of Interest.
Loans on Real Estate.
Loans on Shares.
Amount.
Rate.
Amount.
Rate.
Amount.
Rate.
1268,250 00
23,850 00
14,500 00
8,250 00
1,800 00
6 per cent.
6£ "
6i "
6§ "
eh "
$2,600 00
2,600 00
400 00
1,100 00
6| per cent.
6| "
7
7£ »
$8,925 00
860 00
50 00
125 00
6 per cent.
6§ "
Reconciliation of Share Account with Dues and Profits Capital.
Number of shares issued during the year, . . . . . 1,906
Number of shares now in force, 7,353
Number of shares now borrowed upon, 1,898
Largest number of shares held by any one member, . . . .25
Number of shares withdrawn during the year, 987
Number of shares forfeited during the year, .20
Number of shares retired during the year, 404
Number of shares matured during the year, ...... 119
Highest rate of premium or interest received on money sold during the year :
6J per cent.
Lowest rate of premium or interest received on money sold during the year :
6 per cent.
Rate of profits distributed : 1st term, 3| per cent. ; 2d term, 3 per cent.
No. 8.] SAVINGS BANK COMMISSIONERS. 107
Number of members withdrawn during the year, 150
Present number of members, 796
Present number of borrowers, 180
Present number of non-borrowers, 616
Number of loans secured by first mortgage of real estate, . . . 178
Number of loans on shares, 48
Largest loan to any one member, $5,000 00
Smallest loan to any one member, 50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, . 1,443 75
Date of examination by commissioner : May 5.
108
REPORT OF THE
[Pub. Doc.
HOMESTEAD CO-OPERATIVE BANK — BOSTON.
Incorporated Sept. 11, 1877. Commenced business Sept. 12, 1877.
Walter H. Roberts, President. Daniel Eldredge, Secretary and Treasurer.
Names of security committee :
James M. Simpson, Willis S. Mason,
John C. Cook, John K. Fellows,
Walter H. Roberts.
Regular meetings the second Wednesday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
Loans on shares, .
Temporary expense account,
Real estate by foreclosure, .
Unpaid interest,
Unpaid premiums,
Unpaid fines, ....
Mortgages, ....
Personal accounts,
Cash in hands of treasurer, .
$323,350 00
9,300 00
350 00
16,694 92
2,457 21
121 10
228 44
21,496 06
159 28
5,283 22
Dues capital,
Profits capital (all series) , .
Interest
Premiums, ....
Fines, . .
Transfer fees,
Withdrawal profits,
Forfeiture profits,
Guaranty fund, .
Surplus, ....
Forfeited share account,
Retired share account,
Matured share account,
Personal account,
1304,574 00
54,740 40
3,597 61
149 90
178 66
2 50
135 63
1 64
3,750 00
10,494 39
405 14
1,331 55
5 09
73 72
$379,440 23
$379,440 23
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Receipts.
Disbursements.
From dues capital,
$84,828 00
For real estate loans, .
. $79,200 00
interest,
20,497 78
share loans, .
10,000 00
premiums, .
1,045 52
dues capital withdrawn
29,949 00
fines, ....
1,073 24
dues capital forfeited,
1,134 00
transfer fees,
8 25
dues capital retired,
47,885 00
real estate loans repaid,
56,750 00
dues capital matured,
14,103 00
real estate loans elimi-
profits capital withdrawi
l, 4,859 24
nated by foreclosure,
11,500 00
profits capital forfeited,
159 61
real estate loans elimi-
profits capital retired,
12,601 20
nated by maturity of
profits capital matured
6,659 22
shares,
9,550 00
temporary expenses,
2,299 68
share loans repaid,
15,050 00
forfeited shares,
106 90
withdrawal profits,
1,214 60
interest on retired and
L
forfeiture profits, .
39 88
matured shares, .
622 95
forfeited shares, .
169 33
real estate byforeclosur
3, 15,506 53
retired share account, .
54,451 28
retired share account,
55,405 63
mortgages, .
2,975 10
mortgages,
8,590 71
real estate by foreclos-
personal account, .
81 21
ure, ....
22,532 92
matured share account
10,567 88
matured share account,
10,567 88
dues,
9 00
surplus account, .
9 00
Cash on hand Oct. 31, 1899,
5,283 22
personal account,
18 89
Cash on hand Oct. 31, 1898, .
12,742 31
i
$305,023 98
$305,023 98
No. 8.] SAVINGS BANK COMMISSIONERS.
109
Total Amount of Loans at Specified Rates of Interest.
Loans on Real Estate.
Loans on Shakes.
Amount. Hate.
Amount.
Rate.
Amount.
Rate.
$83,100 00
5.00 per cent.
835,250 00
6.60
per cent.
$5,600 00
5.00 per cent.
19,800 00
5.25 "
11,400 00
6.90
<<
1,400 00
5.25 "
2,000 00
5.50 "
2,650 00
7.20
tt
700 00
6.00 * "
4,500 00
5.75 "
1,400 00
7.50
(i
1,400 00
6.30 "
6,000 00
6.00 "
1,000 00
7.80
«<
200 00
7.20 "
156,250 00
6.30 "
Reconciliation of Share Account with Dues and Profits Capital.
fc-
a m
ai
Date of
03
p.2
03 c«
"1 4)
Issue.
"See
£ o
z*
o3 >.
O
w
>
02
H
Sept., 1888, .
23
$191 72
59
$11,311 48
Dues capital, as per gen-
Mar., 1889, .
24
179 73
36
6,470 28
eral ledger, .
$304,574 00
Sept., 1889, .
25
168 10
62
10,422 20
Profits capital, as per
Mar., 1890, .
26
156 94
41
6,434 54
general ledger, .
54,740 40
Sept., 1890, .
27
146 11
60
8,766 60
Unpaid dues,
3,059 00
Mar., 1891, .
28
135 64
124
16,819 36
Sept., 1891, .
29
125 52
310
38,911 20
Mar., 1892, .
30
115 75
212
24,539 00
Sept., 1892, .
31
106 32
167
17,755 44
Mar., 1893, .
32
97 18
28
2,721 04
Sept,, 1893, .
33
88 37
118
10,427 66
Mar., 1894, .
34
79 86
378
30,187 08
Sept., 1894, .
35
71 64
333
23,856 12
Mar., 1895, .
36
63 65
510
32,461 50
Sept., 1895, .
37
55 94
378
21,145 32
Mar., 1896, .
38
48 46
361
17,494 06
Sept., 1896, .
39
41 23
490
20,202 70
Mar., 1897, .
40
34 20
520
17,784 00
Sept., 1897, .
41
27 38
556
15,223 28
Mar., 1898, .
42
20 76
627
13,016 52
Sept., 1898, .
43
14 34
678
9,722 52
Mar., 1899, .
44
8 09
650
5,258 50
Sept., 1899, .
45
2 00
555
1,110 00
333 00
.
Dues paid in advance, .
Total,
.
•
$362,373 40
Total
» • •
•
$362,373 40
Number of shares issued during the year 1,537
Number of shares now in force, 7,253
Number of shares now borrowed upon, 1,903
Largest number of shares held by any one member, .... 25
Number of shares withdrawn during the year, 848
Number of shares forfeited during the year, 49
Number of shares retired during the year, 540
Number of shares matured during the year 103
Highest rate of premium or interest received on money sold during the year :
5£ per cent.
Lowest rate of premium or interest received on money sold during the year :
5 per cent.
Rate of profits distributed : 1st term, 2£ per cent. ; 2d term, 2| per cent.
110 REPORT OF THE [Pub. Doc.
Number of members withdrawn during the year, 179
Present number of members, 909
Present number of borrowers, 201
Present number of non-borrowers, 708
Number of loans secured by first mortgage of real estate, . . . 202
Number of loans on shares, 43
Largest loan to any one member, $5,000 00
Smallest loan to any one member - . 50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, . 2,299 68
Date of examination by commissioner : March 30.
Xo. 8.] SAVINGS BANK COMMISSIONERS.
Ill
HOUSATONIC CO-OPERATIVE BANK — GREAT
BARRINGTON.
Incorporated June 12, 1889. Commenced business July 12, 1889.
Nathaniel "Warner, President. John F. Bailey, Secretary.
Michael J. Leahy, Treasurer.
Names of security committee :
F. M. Moore, R. H. McDonald,
E. S. Thatcher.
Regular meetings the first Monday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
Loans on shares, .
Unpaid interest,
Unpaid fines, ....
Cash in hands of treasurer, .
$21,850 00
1,750 00
113 22
15 26
1,150 01
Dues capital,
Profits capital (all series), .
Guaranty fund, .
Surplus, ....
$20,410 00
4,113 96
154 21
200 32
$24,878 49
$24,878 49
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Receipts.
Disbursements.
From dues capital,
interest,
fines, ....
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
Cash on hand Oct. 31, 1898, .
$5,282 00
1,296 17
14 24
50
1,100 00
850 00
93 85
971 13
For real estate loans, .
share loans, .
dues capital withdrawn,
profits capital withdrawn,
temporary expenses,
Cash on hand Oct 31, 1899, .
$2,250 00
850 00
4,312 00
934 38
111 50
1,150 01
$9,607 89
$9,607 89
112
REPORT OF THE
[Pub. Doc.
Total Amount of Loans at Specified Rates of Interest.
Loans on Real Estate.
Loans on Shares.
Amount.
Rate.
Amount.
Rate.
Amount.
Rate.
$3,550 00
2,200 00
8,600 00
5.00 per cent.
5.25 "
5.50 "
$2,100 00
5,400 00
5.75 per cent.
6.00 «
$650 00
400 00
700 00
5.00 per cent.
5.50 "
6.00 "
Reconciliation of Share Account with Dues and Profits Capital.
Date of
m
» SS
£3 .
GO O
CU t_
^"3
Issue.
5-C
■300
is °
X3"
03 t>
O
OO
>
02
H
July, 1889/.
1
$164 83
43
$7,087 69
Dues capital, as per gen-
Jan., 1890, .
2
155 03
1
155 03
eral ledger,
$20,410 00
Jan., 1891, .
4
135 26
12
1,623 12
Profits capital, as per
July, 1891, .
5
125 86
6
755 16
general ledger, .
4,113 96
Jan., 1892, .
6
116 78
14
1,634 92
Unpaid dues,
192 00
July, 1892, .
7
107 81
14
1,509 34
July, 1893, .
9
90 60
22
1,993 20
Jan., 1894, .
10
82 30
20
1,646 00
July, 1894, .
11
74 20
7
519 40
Jan., 1895, .
12
66 30
15
994 50
Nov., 1895, .
13
53 53
29
1,552 37
May, 1896, .
14
46 20
5
231 00
Nov., 1896, .
15
39 07
24
937 68
May, 1897, .
16
32 15
38
1,221 70
Nov., 1897, .
17
25 39
60
1,523 40
May, 1898, .
18
18 80
9
169 20
Nov., 1898, .
19
12 37
55
680 35
May, 1899, .
20
6 10
79
481 90
Total,
Total,
$24,715 96
$24,715 96
Number of shares issued during the year, 147
Number of shares now in force, 453
Number of shares now borrowed upon, 156
Largest number of shares held by any one member, . . . . 20
Number of shares withdrawn during the year, 84
Highest rate of premium or interest received on money sold during the year :
6 per cent.
Lowest rate of premium or interest received on money sold during the year :
5 per cent.
Rate of profits distributed : 1st term, 2£ per cent. ; 2d term, 3 per cent.
Number of members withdrawn during the year, 6
Present number of members, . .97
Present number of borrowers, 30
Present number of non-borrowers, .67
Number of loans secured by first mortgage of real estate, ... 19
Number of loans on shares, 16
Largest loan to any one member, $2,000 00
Smallest loan to any one member, . 50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, . Ill 50
Date of examination by commissioner : October 3.
No. 8.] SAVINGS BANK COMMISSIONERS.
113
HUDSON CO-OPERATIVE BANK — HUDSON.
Incorporated Oct. 22, 1885. Commenced business Nov. 19, 1885.
A. T. Knight, President. C. H. Hill, Secretary.
S a villi an Arnold, Treasurer.
Names of security committee :
R. Henry Hapgood, Frank E. Brown,
Charles F. Welch.
Regular meetings the third Thursday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Loans on real estate,
Loans on shares, .
Permanent expense account,
Real estate by foreclosure, .
Unpaid interest,
Mortgage, ....
Cash in hands of secretary, .
$202,900 00
7,500 00
200 00
23,689 85
1,431 25
3,031 36
15,061 11
$253,813 57
Liabilities.
Dues capital,
Profits capital (all series) ,
Guaranty fund, .
Surplus,
Forfeited share account,
$204,165 00
46,129 30
2,050 00
594 17
875 10
$253,813 57
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31,1899.
.Receipts.
From dues capital,
interest,
premiums, .
fines, ....
real estate loans repaid,
real estate loans elimi-
nated by foreclosure,
share loans repaid,
withdrawal profits,
forfeited shares, .
real estate by foreclos-
ure, . . . .
Cash on hand Oct. 31, 1898, .
$47,937 00
12,779 40
26 22
492 40
33,500 00
2,800 00
6,835 00
1,398 28
584 90
2.156 30
3,544 13
$112,053 63
Disbursements.
For real estate loans, .
share loans, .
dues capital withdrawn
dues capital forfeited,
dues capital retired,
dues capital matured,
profits capital withdrawn,
profits capital forfeited,
profits capital retired,
profits capital matured
temporary expenses,
interest on matured
shares,
real estate by foreclosure,
attorney's fees,
Cash on hand Oct. 31, 1899
$28,100 00
5,935 00
33,898 00
404 00
455 00
12,320 00
5,381 06
55 35
135 42
5,264 36
925 79
18 25
4,083 79
16 50
15,061 11
$112,053 63
114
REPORT OF THE
[Pub. Doc.
Total Amount of Loans at Specified Rates of Interest.
Loans on Real Estate.
Amount.
Kate.
$196,250 00
5,650 00
6.00 per cent.
6.30 "
Amount.
$1,000 00
Rate.
6.60 per cent.
Loans on Shares.
Amount.
Rate.
$7,500 00
6.00 per cent.
Reconciliation of Share Account with Dues and Profits Capital.
Number of shares issued during the year, 839
Number of shares now in force, 3,901
Number of shares now borrowed upon, 1,163
Largest number of shares held by any one member, .... 25
Number of shares withdrawn during the year, ..... 853
Number of shares forfeited during the year, 19
Number of shares retired during the year, 15
Number of shares matured during the year, 88
Highest rate of premium or interest received on money sold during the year :
6 per cent.
Lowest rate of premium or interest received on money sold during the year :
6 per cent.
Rate of profits distributed : 1st term, 2^ per cent. ; 2d term, 2| per cent.
Number of members withdrawn during tbe year, 56
Present number of members 543
Present number of borrowers, . 174
Present number of non-borrowers 369
Number of loans secured by first mortgage of real estate, . . • 151
Number of loans on shares, 23
Largest loan to any one member, $5,000 00
Smallest loan to any one member, 50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, . 925 79
Date of examination by commissioner: February 13.
No. 8.] SAYINGS BANK COMMISSIONERS.
115
HYDE PAKK CO-OPERATIVE BANK — HYDE PARK.
Incorporated March 26, 1886. Commenced business May 5, 1886.
Thomas E. Faunce, President. George T. Brady, Secretary and Treasurer.
Names of security committee :
Hiram J. Townsend, Charles F. Morrison,
Charles S. Prescott.
Regular meetings the first Wednesday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
$201,250 00
Dues capital,
$188,808 00
Loans on shares, . .
10,360 00
Profits capital (all series), .
38,371 73
Permanent expense account, .
80 00
Interest, ....
881 42
Temporary expense account,
345 25
Premiums, . • .
10 64
Real estate by foreclosure, .
11,575 96
Transfer fees,
1 00
Unpaid fines, .
46 84
Withdrawal profits,
115 47
Mortgages, ....
4,000 00
Forfeiture profits,
4 85
Cash in hands of treasurer, .
3,964 41
Guaranty fund, .
Surplus,
1,881 89
1,546 41
Forfeited share account,
1 05
$231,622 46
$231,622 46
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Receipts.
Disbursements.
From dues capital,
$52,581 00
For real estate loans, .
$61,200 00
interest,
12,777 94
share loans, .
13,500 00
premiums, .
559 17
dues capital withdrawn,
27,380 00
fines, ....
508 33
dues capital forfeited, .
439 00
transfer fees,
5 25
dues capital retired,
10,005 00
real estate loans repaid,
53,000 00
dues capital matured, .
13,808 00
real estate loans elimi-
profits capital withdrawn,
3,591 88
nated by foreclosure,
6,600 00
profits capital forfeited,
37 28
real estate loans elimi-
profits capital retired, .
2,648 55
nated by maturity of
profits capital matured, .
6,243 49
shares,
6,050 00
temporary expenses,
1,855 97
share loans repaid,
11,530 00
forfeited shares,
452 35
withdrawal profits,
897 69
real estate by foreclosure,
2,983 23
forfeiture profits, .
9 31
mortgage,
4,000 00
forfeited shares, .
452 35
Cash on hand Oct. 31, 1899,
3,964 41
real estate by foreclos-
ure, ....
150 56
insurance, .
18 75
Cash on hand Oct. 31, 1898, .
6,968 81
$152,109 16
$152,109 16
116
REPORT OF THE
[Pub. Doc.
Total Amount of Loans at Specified Rates of Interest.
Loans on Real Estate.
Loans on Shares.
Amount.
Fate.
Amount.
Rate.
Amount.
Rate.
$105,350 00
5,800 00
200 00
600 00
5.00 per cent.
5.25 "
5.50 "
6.25 "
$73,800 00
13,700 00
1,400 00
400 00
6.30 per cent.
6.60 "
6.90 "
7.20 "
$6,570 00
1,010 00
2,620 00
60 00
100 00
5.00 per cent.
5.25 "
6.30 "
6.60 "
7.20 "
Reconciliation of Share Account with Dues and Profits Capital.
Date of
09
c .
CO o
jn u
0)
Issue. »
13
"Sao
M °
o
w
>
w
H
Sept., 1888, .
5
$190 14
40
$7,605 60
Dues capital, as per gen-
Mar.,
1889, .
6
178 52
66
11,782 32
eral ledger, .
$188,808 00
Sept.
1889, .
7
167 21
69
11,537 49
Profits capital, as per
Mar.
1890, .
8
156 26
96
15,000 96
general ledger, .
38,371 73
Sept.
1890, .
9
145 62
91
13,251 42
Unpaid dues,
1,595 00
Mar.
1891, .
10
135 32
87
11,772 84
Sept.
1891, .
11
125 36
78
9,778 08
Mar.
1892, .
12
115 70
122
14,115 40
Sept.
1892, .
13
106 35
81
8,614 35
Mar.
1893, .
14
97 31
108
10,509 48
Sept.
1893, .
15
88 54
98
8,676 92
Mar.
1894, .
16
80 05
131
10,486 55
Sept.
1894, .
17
71 82
179
12,855 78
Mar.
1895, .
18
63 83
294
18,766 02
Sept.
, 1895, .
19
56 12
178
9,989 36
Mar.
1896, .
20
48 64
216
10,506 24
Sept.
1896, .
21
41 37
174
7,198 38
Mar.
1897, .
22
34 31
267
9,160 77
Sept.
1897, .
23
27 46
301
8,265 46
Mar
1898, .
24
20 81
409
8,511 29
Sept.
1898, .
25
14 36
328
4,710 08
Mar.
1899, .
26
8 09
566
4,578 94
Sept.
, 1899, .
27
2 00
462
924 00
177 00
Total, .
Dues paid in
adva
nee, .
1
\)tal,
$228,774 73
$228,774 73
Number of shares issued during the year, 1,231
Number of shares now in force, 4,441
Number of shares now borrowed upon, 1,253
Largest number of shares held by any one member, .... 25
Number of shares withdrawn during the year, 956
Number of shares forfeited during the year, . . . . . .39
Number of shares retired during the year, 115
Number of shares matured during the year, 100
Highest rate of premium or interest received on money sold during the year :
6\ per cent.
Lowest rate of premium or interest received on money sold during the year :
5 per cent.
Rate of profits distributed : 1st term, 3 per cent. ; 2d term, 2| per cent.
No. 8.] SAYINGS BANK COMMISSIONERS. 117
Number of members withdrawn during the year, 132
Present number of members, 629
Present number of borrowers, 189
Present number of non-borrowers, 440
Number of loans secured by first mortgage of real estate, . . . 134
Number of loans on shares, 55
Largest loan to any one member, $4,200 00
Smallest loan to any one member, 10 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, . 1,875 97
Date of examination by commissioner : January 26.
118
KEPORT OF THE
[Pub. Doc.
LAFAYETTE CO-OPERATIVE BANK — PALL RIVER.
Incorporated April 11, 1894. Commenced business May 2, 1894.
Pierre F. Peloquin, President. William F. Winter, Secretary and Treasurer.
Names of security committee :
John B. Huard, Nathan Miller,
Edmund Reeves.
Regular meetings the first Wednesday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Loans on real estate,
Loans on shares, .
Temporary expense account,
Real estate by foreclosure, .
Unpaid interest,
Unpaid premiums,
Unpaid fines, .
Cash in hands of treasurer, .
$72,300 00
2,200 00
223 14
1,282 71
437 25
41 83
50 12
4,453 90
$80,988 97
Liabilities.
Dues capital,
Profits capital (all series) ,
Interest,
Premiums, .
Fines, .
Guaranty fund,
Surplus,
Forfeited share account,
r0,847 00
6,546 42
2,200 30
160 31
104 15
281 04
823 75
26 00
),988 97
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Keceipts.
Disbursements.
From dues capital,
$28,978 00
For real estate loans, .
$26,200 00
interest,
4,191 52
share loans, .
3,450 00
premiums, .
350 31
dues capital withdrawn,
27,257 00
fines, . . .
219 39
profits capital withdrawn,
2,573 60
real estate loans repaid,
19,550 00
temporary expenses,
411 18
real estate loans elimi-
real estate by foreclosure,
4,168 93
nated by foreclosure,
3,800 00
suspense account, .
132 06
share loans repaid,
4,950 00
Cash on hand Oct. 31, 1899,
4,453 90
real estate by foreclos-
ure, ....
2,886 22
suspense account,
132 06
Cash on hand Oct. 31, 1898, .
3,589 17
$68,646 67
$68,646 67
No. 8.] SAVINGS BANK COMMISSIONERS.
119
Total Amount of Loans at Specified Rates of Interest.
Loans on Real Estate.
Loans on Shares.
Amount.
Rate.
Amount.
Rate.
Amount. Rate.
$24,700 00
6.00 per cent.
$47,600 00 6.60 per cent.
$2,050 00 6.00 per cent.
150 00 1 6.60 "
Reconciliation of Share Account with Dues and Profits Capital.
Number of shares issued during the year, 941
Number of shares now in force, 2,407
Number of shares now borrowed upon, 505
Largest number of shares held by any one member, .... 25
Number of shares withdrawn during the year, .... 1,052
Highest rate of premium or interest received on money sold during the year :
10 cents premium.
Lowest rate of premium or interest received on money sold during the year :
6 per cent.
Rate of profits distributed : 1st term, 3 per cent. ; 2d term, 3 per cent.
Number of members withdrawn during the year, 106
Present number of members, 230
Present number of borrowers, . . . - '. . . . .45
Present number of non-borrowers, 185
Number of loans secured by first mortgage of real estate, ... 38
Number of loans on shares, ......... 8
Largest loan to any one member $4,050 00
Smallest loan to any one member. 100 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, . 411 18
Date of examination by commissioner : July 20.
120
REPORT OF THE
[Pub. Doc.
LAWRENCE CO-OPERATIVE BANK -LAWRENCE.
Incorporated March 12, 1888. Commenced business April 6, 1888.
John Paisley, President. William A. Whitney, Secretary and Treasurer.
Names of security committee :
Colin Kerr, Andrew Craig,
Oscar E. Spear.
Regular meetings the first Saturday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
Loans on shares, .
Permanent expense account,
Real estate by foreclosure, .
Unpaid interest,
Unpaid premiums,
Unpaid fines, ....
Cash in hands of treasurer, .
$332,000 00
15,185 00
335 42
4,947 03
985 29
24 38
99 84
11,383 24
Dues capital,
Profits capital (all series), .
Guaranty fund, .
Surplus, ....
Forfeited share account,
$298,763 00
61,860 91
1,750 00
2,533 71
52 58
$364,960 20
$364,960 20
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Receipts.
!
Disbursements.
From dues capital,
$84,185 00
For real estate loans, .
$78,250 00
interest,
18,983 30
share loans, .
11,640 00
premiums, .
567 89
dues capital withdrawn,
44,205 00
fines, ....
450 00
dues capital forfeited, .
375 00
transfer fees,
4 75
dues capital retired,
15,392 00
real estate loans repaid,
48,900 00
profits capital withdrawn,
7,718 17
real estate loans elimi-
profits capital forfeited, .
46 02
nated by foreclosure,
9,200 00
profits capital retired, .
4,394 65
share loans repaid,
7,035 00
temporary expenses,
1,572 97
withdrawal profits,
760 17
permanent expenses,
34 75
forfeiture profits, .
11 51
forfeited shares,
130 30
forfeited shares, .
56 50
surplus account, .
62 00
expense account, .
20 01
dues capital repaid,
4 00
profits capital,
06
interest repaid,
27 56
real estate by foreclos-
real estate by foreclosure,
8,-245 81
ure, ....
4,882 29
Cash on hand Oct. 31, 1899,
11,383 24
Cash on hand Oct. 31, 1898, .
8,424 99
$183,481 47
$183,481 47
No. 8.] SAVINGS BANK COMMISSIONERS.
121
Total Amount of Loans at Specified Bates of Interest.
Loans on Real Estate.
Loans on Shares.
Amount.
Kate.
Amount.
Rate.
Amount.
Rate.
$224,100 00
3,700 00
4.100 00
2,150 00
78,500 00
10,050 00
5.00 per cent.
5.25 "
5.50 "
6.00 "
6.30 »
6.60 "
$5,000 00
2,900 00
100 00
800 00
400 00
200 00
6.90 per cent.
7.20 "
7.25 "
7.50 "
7.75 "
8.10 «
$10,040 00
1,320 00
300 00
1,955 00
1,550 00
20 00
5.00 per cent.
5.50 "
6.25 "
6.30 «
6.60 "
8.00 "
Reconciliation of Share Account with Dues and Profits Capital
Date of
SO
Q,<X>
<D OS
a .
■*"' »
OO o
CO
3
^h"o5
Issue.
"E
"3 oo
OS kj
W
>
W
EH
April, 1888, .
1
$202 20
42
$8,492 40
Dues capital, as per gen-
Oct., 1888, .
2
190 55
20
3,811 00
eral ledger,
$298,763 00
April, 1889, .
3
179 12
133
23,822 96
Profits capital, as per
Oct., 1889, .
4
167 82
42
7,048 44
general ledger, .
61,860 91
April, 1890, .
5
156 98
142
22,291 16
Unpaid dues,
1,511 00
Oct., 1890, .
6
146 44
63
9,225 72
April, 1891, .
7
136 06
126
17,143 56
Oct., 1891, .
8
125 91
194
24,426 54
April, 1892, .
9
116 08
193
22,403 44
Oct., 1892, .
10
106 56
221
23,549 76
April, 1893, .
11
97 34
124
12,070 16
Oct., 1893, .
12
88 40
112
9,900 80
April, 1894, .
13
79 75
211
16,827 25
Oct., 1894, .
14
71 41
206
14,710 46
April, 1895, .
15
63 31
505
31,971 55
Oct., 1895, .
16
55 48
127
7,045 96
April, 1896, .
17
47 91
608
29,129 28
Oct., 1896, .
18
40 56
434
17,603 04
April, 1897, .
19
33 44
487
16,285 28
Nov., 1897, .
20
25 44
793
20,173 92
May, 1898, .
21
18 81
456
8,577 36
Nov., 1898, .
22
12 37
741
9,166 17
May, 1899, .
23
6 10
1,007
6,142 70
316 00
Total,
Dues paid in i
idvai
ace, .
•
Total,
$362,134 91
$362,134 91
Number of shares issued during the year, 1,972
Number of shares now in force, 6,987
Number of shares now borrowed upon, 2,181
Largest number of shares held by any one member, .... 25
Number of shares withdrawn during the year, .... 1,320
Number of shares forfeited during the year, 47
Number of shares retired during the year, 172
Highest rate of premium or interest received on money sold during the year :
9 per cent.
Lowest rate of premium or interest received on money sold during the year :
5 per cent.
Rate of profits distributed : 1st term, 2| per cent. ; 2d term, 2| per cent.
122 REPORT OF THE [Pub. Doc.
Number of members withdrawn during the year, 169
Present number of members, 868
Present number of borrowers, 239
Present number of non-borrowers, 629
Number of loans secured by first mortgage of real estate, . . . 242
Number of loans on shares, 66
Largest loan to any one member, $5,000 00
Smallest loan to any one member, 10 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, . 1,628 67
Date of examination by commissioner : March 24.
No. 8.] SAVINGS BANK COMMISSIONERS.
123
LEOMINSTER CO-OPERATIVE BANK — LEOMINSTER.
Incorporated May 8, 1888. Commenced business May 18, 1888.
Joseph P. Holman, President. Robert L. Carter, Secretary and Treasurer.
Names of security committee :
Charles E. Bigelow, Hulbert L. Harris,
Willard F. Lawrence.
Regular meetings the third Friday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
Loans on shares, .
Unpaid interest,
Unpaid premiums,
Unpaid fines, ....
Personal account, .
Cash in hands of treasurer, .
$178,118 92
5,528 00
2,729 46
123 13
158 26
240 00
3,429 33
Dues capital,
Profits capital (all series) , .
Guaranty fund, .
Surplus
$154,057 00
34,976 52
694 86
598 72
$190,327 10
$190,327 10
Detailed Statement of Receipts and Disbursements for the Tear ending
Oct 31, 1899.
Receipts.
Disbursements.
From dues capital,
$42,180 00
For real estate loans, .
$43,203 62
interest,
9,664 41
share loans, .
3,840 00
premiums, .
468 27
dues capital withdrawn,
22,875 00
tines, ....
158 11
dues capital retired,
5,116 00
transfer fees,
75
profits capital withdrawn,
5,577 16
real estate loans repaid,
23,901 00
profits capital retired, .
203 51
share loans repaid,
4,585 10
temporary expenses,
2,805 88
withdrawal profits,
360 90
interest account, .
89 28
temporary expense ac-
Cash on hand Oct. 31, 1899,
3,429 33
count,
1,939 84
Cash on hand Oct. 31, 1898, .
3,881 40
$87,139 78
$87,139 78
124
REPORT OF THE
[Pub. Doc.
Total Amount of Loans at Specified Bates of Interest.
Loans on Real Estate.
Loans on Shares.
Amount.
Eate.
Amount.
Rate.
Amount.
Rate.
$72,418 92
5.00 per cent.
$105,700 00
6.30 per cent.
$2,755 00
2,773 00
5.00 per cent.
6.30 "
Reconciliation of Share Account with Dues and Profits Capital.
Date of
09
u
— 73
Issue.
3J3
73*
S3 °
s3>.
"o
ZD
>
03
H
May, 1888
. 1
8196 58
77
$15,136 66
Dues capital, as per gen-
Nov., 1888
. 2
184 96
83
15,351 68
eral ledger,
$154,057 00
May, 1889
. 3
173 70
37
6,426 90
Profits capital, as per
Nov., 1889
. 4
162 76
42
6,835 92
general ledger, .
34,976 52
May, 1890
. 5
152 13
61
9,279 93
Unpaid dues, .
7,455 00
Nov., 1890
. 6
141 83
110
15,601 30
May, 1891
. 7
131 82
69
9,095 58
Nov., 1891
. 8
122 10
52
6,349 20
May, 1892
. 9
112 67
108
12,168 36
Nov., 1892
. 10
103 51
82
8,487 82
May, 1893
. 11
94 60
129
12,203 40
Nov., 1893
. 12
85 97
35
3,008 95
May, 1894
. 13
77 58
50
3,879 00
Nov., 1894
. 14
69 45
117
8,125 65
May, 1895
. 15
61 55
122
7,509 10
Nov., 1895
. 16
53 89
206
11,101 34
May, 1896
,. 17
46 43
128
5,943 04
Nov., 1896
. 18
39 21
155
6,077 55
May, 1897
, . 19
32 19
204
6,560 76
Nov., 1897
, . 20
25 36
457
11,589 52
May, 1898
. 21
18 74
303
5,678 22
Nov., 1898
, . 22
12 32
440
5,420 80
May, 1899
, . 23
6 08
648
3,939 84
712 00
Total,
Dues paid
in adva
nee, .
•
Total,
$196,488 52
$196,488 52
Number of shares issued during the year, 1,226
Number of shares now in force, 3,715
Number of shares now borrowed upon, 1,169
Largest number of shares held by any one member, . . . .25
Number of shares withdrawn during the year, 748
Number of shares retired during the year, 40
Highest rate of premium or interest received on money sold during the year :
6 6-10 per cent.
Lowest rate of premium or interest received on money sold during the year :
5 per cent.
Rate of profits distributed : 1st term, 2| per cent. ; 2d term, 2£ per cent.
Number of members withdrawn during the year, . . . . . 83
Present number of members, 535
Present number of borrowers, 174
Present number of non-borrowers, 361
Number of loans secured by first mortgage of real estate, . . . 142
Number of loans on shares, . . .32
Largest loan to any one member,
Smallest loan to any one member,
Amount of expenses of the corporation for the year ending Oct. 31, 1899,
Date of examination by commissioner : March 13.
$4,800 00
50 00
866 04
No. 8.] SAVINGS BANK COMMISSIONERS.
125
LOWELL CO-OPERATIVE BANK — LOWELL.
Incorporated April 29, 1885. Commenced business May 14, 1885.
Artemas B. "Woodworth, President. George W. Batchelder, Secretary and
Treasurer.
Names of security committee :
Caleb L. Smith, Charles H. Burtt,
Francis E. Appleton.
Regular meetings the first Friday after the tenth of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
Loans on shares, .
Permanent expense account,
Real estate by foreclosure, .
Unpaid interest,
Unpaid premiums,
Unpaid tines, ....
Cash in hands of treasurer, .
$272,740 00
6,830 00
158 86
17,301 83
3,026 00
203 00
229 93
10,326 00
Dues capital,
Profits capital (all series), .
Guaranty fund, .
Surplus, ....
$251,588 00
54,773 40
1,433 95
3,020 27
$310,815 62
$310,815 62
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Receipts.
Disbursements.
From dues capital,
$68,023 00
For real estate loans, .
$51,800 00
interest,
17,911 47
share loans, .
12,230 00
premiums, .
1,052 47
dues capital withdrawn,
31,511 00
fines, ....
705 61
dues capital forfeited, .
480 00
transfer fees,
2 00
dues capital retired.
18,760 00
real estate loans repaid,
42,850 00
dues capital matured, .
23,912 00
real estate loans elimi-
profits capital withdrawn,
5,746 21
nated by foreclosure,
9,200 00
profits capital forfeited,
61 69
real estate loans elimi-
profits capital retired, .
3,752 92
nated by maturity of
profits capital matured,
11,212 71
shares,
7,200 00
temporary expenses,
1,594 47
share loans repaid,
15,770 00
permanent expenses,
129 40
withdrawal profits,
721 55
interest on retired shares,
456 53
forfeiture profits,
14 00
real estate by foreclosure,
9,702 29
temporary expense ac-
profit and loss account,
459 02
count,
123 26
Cash on hand Oct. 31, 1899, .
10,326 00
real estate by foreclos-
ure, ....
6,634 39
profit and loss account,
393 28
Cash on hand Oct. 31, 1898, .
11,533 21
•
$182,134 24
$182,134 24
126
REPORT OF THE
[Pub. Doc.
Total Amount of Loans at Specified Bates of Interest.
Loans on Real Estate.
Loans on Shakes.
Amount.
Kate.
Amount.
Eate.
Amount.
Eate.
$251,450 00
15,450 00
3,100 00
6- 30 per cent.
6.60 "
6.90 "
$2,400 00
340 00
7.20 per cent.
7.80 "
$6,230 00
220 00
150 00
180 00
50 00
6.30 per cent.
6.60 "
6.90 "
7.20 «
9.30 "
Reconciliation of Share Account with Dues and Profits Capital.
Date of
tn
O s3
— ' a>
S2
s
Issue.
*n
3.S
"5 so
O
on
>
cc
H
Nov., 1888, .
8
$190 23
73
$13,886 79
Dues capital, as per gen-
May, 1889, .
9
178 27
97
17,292 19
eral ledger,
$251,588 00
Nov., 1889, .
10
166 69
80
13,335 20
Profits capital, as per
May, 1890, .
11
155 49
130
20,213 70
general ledger, .
54,773 40
Nov., 1890, .
12
144 69
95
13,745 55
Unpaid dues,
3,602 00
May, 1891, .
13
134 28
88
11,816 64
Nov., 1891, .
14
124 20
122
15,152 40
May, 1892, .
15
114 45
138
15,794 10
Nov., 1892, .
16
105 02
145
15,227 90
May, 1893, .
17
95 82
184
17,630 88
Nov., 1893, .
18
86 98
135
11,742 30
Mav, 1894, .
19
78 41
246
19,288 86
Nov., 1894, .
20
70 11
236
16,545 96
May, 1895, .
21
62 07
251
15,579 57
Nov., 1895, .
22
54 30
318
17,267 40
May, 1896, .
23
46 80
339
15,865 20
Nov., 1896, .
24
39 48
390
15,397 20
May, 1897, .
25
32 39
432
13,992 48
Nov., 1897, .
26
25 52
467
11,917 84
May, 1898, .
27
18 85
494
9,311 90
Nov., 1898, .
28
12 38
413
5,112 94
May, 1899, .
29
6 10
624
3,806 40
40 00
Total,
Dues paid in
adva
nee, .
•
Total,
$309,963 40
$309,963 40
Number of shares issued during the year,
Number of shares now in force, ....
Number of shares now borrowed upon, .
Largest number of shares held by any one member,
Number of shares withdrawn during the year,
Number of shares forfeited during the year, .
Number of shares retired during the year,
Number of shares matured during the year, .
Highest rate of premium or interest received on money sold during the
6 3-10 per cent.
Lowest rate of premium or interest received on money sold during the
6 3-10 per cent.
Rate of profits distributed : 1st term, 3 per cent. ; 2d term, 3 per cent.
1,159
5,497
1,551
25
858
30
315
134
year :
year:
No. 8.] SAVINGS BANK COMMISSIONERS. 127
Number of members withdrawn during the year, 137
Present number of members, 766
Present number of borrowers, 236
Present number of non-borrowers, 530
Number of loans secured by first mortgage of real estate, . . . 213
Number of loans on shares, 23
Largest loan to any one member, $5,000 00
Smallest loan to any one member, 50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, . 1,505 21
Date of examination by commissioner : October 3.
128
REPORT OF THE
[Pub. Doc.
LYNN CO-OPERATIVE BANK — LYNN.
Incorporated Nov. 18, 1891. Commenced business Nov. 23, 1891.
Jacob M. Lewis, President. Ralph W. Putnam, Secretary and Treasurer
Names of security committee :
Fred D. Mayo, Isaiah "W. Perkins,
J. W. Harding, F. F. Lawrence,
Wm. H. Severance.
Regular meetings the first Monday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Loans on real estate,
Loans on shares, .
Permanent expense account,
Unpaid interest,
Unpaid fines, ....
Cash in hands of treasurer, .
828,135 00
875 00
100 00
252 06
4 86
4,150 69
$33,517 61
Liabilities.
Dues capital,
Profits capital (all series) ,
Guaranty fund, .
Surplus,
Forfeited share account,
$28,416 00
4,658 94
79 58
278 27
84 82
$33,517 61
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Receipts.
Disbursements.
From dues capital,
interest,
premiums, .
fines, ....
transfer fees,
real estate loans repaid,
share loans repaid,
Cash on hand Oct. 31, 1898, .
$7,670 00
1,550 55
4 95
36 75
2 00
4,600 00
2,005 00
871 40
For real estate loans, .
share loans, .
dues capital withdrawn,
profits capital withdrawn,
temporary expenses,
Cash on hand Oct. 31, 1899,
$5,740 00
1,150 00
5,120 00
514 11
65 85
4,150 69
$16,740 65
$16,740 65
No. 8. J SAVINGS BANK COMMISSIONERS.
129
Total Amount of Loans at Specified Bates of Interest.
Loans on Real Estate.
Loans on Shares.
Amount.
Rate.
Amount.
Rate.
Amount.
Rate.
$6,550 00
15,735 00
5.00 per cent.
5.50 "
$5,850 00
6.00 per cent.
$375 00
500 00
5.50 per cent.
6.00 "
Reconciliation of Share Account with Dues and Profits Capital.
Date of
M
u
CD •
M M
CD OS
c .
CO o
CD
3
i-i "el
Issue.
3J3
o
X
>
rjl
H
Nov., 1891, .
1
$117 52
109
$12,809 68
Dues capital, as per gen-
May, 1892, .
2
108 87
41
4,463 67
eral ledger,
$28,416 00
Nov., 1892, .
3
100 33
19
1,906 27
Profits capital, as per
May, 1893, .
4
91 95
7
643 65
general ledger, .
4,658 94
May, 1894, .
6
75 78
26
1,970 28
Unpaid dues,
660 00
Nov., 1894, .
7
68 00
14
952 00
May, 1895, .
8
60 45
32
1,934 40
Nov., 1895, .
9
53 07
46
2,441 22
May, 1896, .
10
45 87
26
1,192 62
Nov., 1896, .
11
38 82
27
1,048 14
May, 1897, .
12
31 95
24
766 80
Nov., 1897, .
13
25 23
14
353 22
May, 1898, .
14
18 69
62
1,158 78
Nov., 1898, .
15
12 31
99
1,218 69
May, 1899, .
16
6 08
144
875 52
Total,
Total,
$33,734 94
$33,734 94
Number of shares issued during the year, 268
Number of shares now in force, 690
Number of shares now borrowed upon, 201
Largest number of shares held by any one member, .... 25
Number of shares withdrawn during the year, 168
Highest rate of premium or interest received on money sold during the year :
5£ per cent.
Lowest rate of premium or interest received on money sold during the year :
5£ per cent.
Rate of profits distributed : 1st term, 2% per cent. ; 2d term, 2£ per cent.
Number of members withdrawn during the year 8
Present number of members, 95
Present number of borrowers, 32
Present number of non-borrowers, . . 63
Number of loans secured by first mortgage of real estate, ... 26
Number of loans on shares, 6
Largest loan to any one member, $2,200 00
Smallest loan to any one member, 25 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, . 85 85
Date of examination by commissioner: March 21.
130
REPORT OF THE
[Pub Doc.
MALDEN CO-OPERATIVE BANK — MALDEN.
Incorporated April 27, 1887. Commenced business May 9, 1887.
George L. Gould, President. Lewis P. Brown, Secretary and Treasurer.
Names of security committee :
Lyman B. Jordan, Charles A. Stiles,
M. S. O'Donnell.
Regular meetings the second Monday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
Loans on shares,
Real estate by foreclosure, .
Unpaid interest,
Unpaid premiums,
Unpaid fines, ....
Cash in hands of treasurer, .
$336,405 00
25,025 00
19,043 77
5,478 08
150 00
60 00
27,629 04
Dues capital,
Profits capital (all series) , .
Guaranty fund, .
Surplus, ....
Forfeited share account,
$332,358 00
76,129 63
2.081 20
3,184 68
37 38
$413,790 89
$413,790 89
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Receipts.
Disbursements.
From dues capital,
$77,814 00
For real estate loans, .
$60,650 00
interest,
19,196 25
share loans, .
15,835 00
premiums, .
900 22
dues capital withdrawn,
29,066 00
fines, ....
422 02
dues capital retired,
13,619 00
transfer fees,
50
dues capital matured, .
28,552 00
real estate loans repaid,
45,520 00
profits capital withdrawn,
4,286 96
real estate loans elimi-
profits capital retired, .
3,989 60
nated by foreclosure,
13,152 75
profits capital matured, .
13,718 74
real estate loans elimi-
temporary expenses,
1,237 10
nated by maturity of
real estate by foreclosure,
15,055 22
shares,
7,800 00
surplus, . . .
491 15
share loans repaid,
11,340 00
Cash on hand Oct. 31, 1899,
27,629 04
withdrawal profits,
1,067 80
real estate by foreclos-
ure, ....
6,493 98
surplus,
491 15
Cash on hand Oct. 31, 1898, .
29,931 14
$214,129 81
$214,129 81
No. 8.] SAVINGS BANK COMMISSIONERS.
131
Total Amount of Loans at Specified Rates of Interest.
Loans on Keal Estate.
Loans on Shares.
Amount.
Rate.
Amount.
Rate.
Amount.
Rate.
$135,480 00
163,050 00
21,400 00
5.00 per cent.
6.30 «
6.60 "
$11,100 00
5,375 00
6.90 per cent.
7.20 «'
$13,225 00
5,545 00
6,155 00
100 00
5.00 per cent.
6 00
6.30 "
7.20
Reconciliation of Share Account with Dues and Profits Capital.
Date of
09
eper
are.
es in
rce.
oj
Issue.
*c
-3«j
5i<
2>
o
OS
>
KC
May, 1888, .
3
$201 23
124
$24,952 52
Dues capital, as per gen-
Nov., 1888, .
4
189 25
118
22,331 50
eral ledger,
$332,358 00
May, 1889, .
0
177 30
133
23,580 90
Profits capital, as per
Nov., 1889, .
6
165 81
68
11,275 08
general ledger, .
76,129 63
May, 1890, .
7
154 68
72
11,136 96
Unpaid dues,
9,397 00
Nov., 1890, .
8
143 87
118
16,976 66
Mav, 1891, .
9
133 47
144
19,219 68
Nov , 1891, .
10
123 41
245
30,235 45
May, 1892, .
11
113 70
277
31,494 90
Nov., 1892, .
12
104 27
194
20,228 38
May, 1893, .
13
95 12
130
12,365 60
Nov., 1893, .
14
86 41
189
16,331 49
May, 1894, .
15
77 90
280
21,812 00
Nov., 1894, .
16
69 68
266
18,534 88
.
May, 1895, .
17
61 72
383
23,638 76
Nov., 1895, .
18
53 99
433
23,377 67
May, 1896, .
19
46 52
522
24,283 44
Nov., 1896, .
20
39 28
394
15,476 32
May, 1897, .
21
32 20
621
19,996 20
Nov., 1897, .
22
25 42
420
10,676 40
May, 1898, .
23
18 79
562
10,559 98
Nov., 1898, .
24
12 35
545
6,730 75
May, 1899, .
25
6 09
379
2,308 11
361 00
Total,
Dues paid in
adva
nee, .
•
Total,
$417,884 63
$417,884 63
Number of shares issued during the year,
Number of shares now in force, ....
Number of shares now borrowed upon, .
Largest number of shares held by any one member,
Number of shares withdrawn during the year,
Number of shares retired during the year,
Number of shares matured during the year, .
Highest rate of premium or interest received on money sold during
5 per cent.
Lowest rate of premium or interest received on money sold during
5 per cent.
Rate of profits distributed : 1st term, 2| per cent. ; 2d term, 2| per
Number of members withdrawn during the year, .
Present number of members,
Present number of borrowers,
Present number of non-borrowers,
Number of loans secured by first mortgage of real estate,
Number of loans on shares,
Largest loan to any one member,
Smallest loan to any one member,
Amount of expenses of the corporation for the year ending Oct. 31
Date of examination by commissioner : May 3.
1,009
6,617
2,497
. 25
. 865
. 152
. 211
the year :
the vear :
cent.
53
796
252
544
218
109
, 1899,
$5,000 00
50 00
1,237 10
132
REPORT OF THE
[Pub. Doc.
MANSFIELD CO-OPERATIVE BANK — MANSFIELD.
Incorporated March 10, 1883. Commenced business March 21, 1883.
David E. Harding, President. Alfred B. Day, Secretary and Treasurer.
Names of security committee :
Samuel C. Lovell, James A. Wheeler,
"William C. Winter.
Regular meetings the third Wednesday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
Loans on shares, .
Permanent expense account,
Real estate by foreclosure, .
Unpaid interest,
Unpaid premiums,
Unpaid fines, ....
Cash in hands of treasurer, .
$205,500 00
14,228 00
341 00
1,648 43
1,628 27
35 52
61 19
7,058 97
Dues capital,
Profits capital (all series) , .
Guaranty fund, .
Surplus, ....
$185,784 00
42,632 47
1,318 15
766 76
$230,501 38
$230,501 38
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Receipts.
Disbursements.
From dues capital,
$42,570 00
For real estate loans, .
$49,225 00
interest,
12,784 65
share loans, . . .
10,970 00
premiums, .
302 13
dues capital withdrawn,
17,175 00
fines, ....
101 90
dues capital forfeited, .
6 00
transfer fees and books,
3 30
dues capital matured, .
27,456 00
real estate loans repaid,
30,500 00
profits capital withdrawn,
2,416 66
real estate loans elimi-
profits capital matured,
10,980 40
nated by foreclosure,
1,800 00
temporary expenses,
867 45
real estate loans elimi-
permanent expenses,
334 79
nated by maturity of
forfeited shares,
53 93
shares,
4,550 00
interest on matured
share loans repaid,
14,175 00
shares,
727 12
withdrawal profits,
240 81
real estate by foreclosure,
1,784 49
forfeiture profits, .
37
insurance, taxes and ex-
forfeited shares, .
53 93
penses,
128 79
real estate by foreclos-
Cash on hand Oct. 31, 1899, .
7,058 97
ure, ....
5,084 49
i
Cash on hand Oct. 31, 1898, .
17,018 02
$129,184 60
$129,184 60
No. 8.] SAVINGS BANK COMMISSIONERS.
133
Total Amount of Loans at Specified Rates of Interest.
Loans on Real Estate.
Loans on Shares.
Amount.
Rate.
Amount.
Rate.
Amount.
Rate.
$200,700 00
1,500 00
6.12 per cent.
6.36 "
$1,600 00
1,700 00
6.48 per cent.
6.72 "
$14,228 00
6.48 per cent.
Reconciliation of Share Account with Dues and Profits Capital.
Date of
CO
u
8.2
a
OO <V
a
Issue.
'C
3.C
etj O
$>
to
cjCO
r^
o
02
>
co
H
May, 1888, .
11
$194 64
77
$14,987 28
Dues capital, as per gen-
Nov., 1888, .
12
183 17
86
15,752 62
eral ledger,
$185,784 00
May, 1889, .
13
172 02
107
18,406 14
Profits capital, as per
Nov., 1889, .
14
161 20
93
14,991 60
general ledger, .
42,632 47
May, 1890, .
15
150 69
101
15,219 69
Unpaid dues,
1,982 00
May, 1891, .
17
130 66
107
13,980 62
Nov., 1891, .
18
121 06
100
12,106 00
May, 1892, .
19
111-75
94
10,504 50
Nov., 1892, .
20
102 71
92
9,449 32
May, 1893, .
21
93 95
180
16,911 00
Nov., 1893. .
22
85 45
102
8,715 90
May, 1894, .
23
77 20
248
19,145 60
Nov., 1894, .
24
69 17
136
9,407 12
May, 1895, .
25
61 34
171
10,489 14
Nov., 1895, .
26
53 75
56
3,010 00
May, 1896, .
27
46 34
94
4,355 96
Nov., 1896, .
28
39 16
196
7,675 36
May, 1897, .
29
32 16
289
9,294 24
Nov., 1897, .
30
25 37
105
2,663 85
May, 1898, .
31
18 76
445
8,348 20
Nov., 1898, .
32
12 34
122
1,505 48
May, 1899,
33
6 09
565
3,440 85
38 00
Total, .
Dues paid in
adva
nee, .
•
Total,
$230,398 47
$230,398 47
Number of shares issued during the year, 757
Number of shares now in force, 3,566
Number of shares now borrowed upon, 1,497
Largest number of shares held by any one member, .... 25
Number of shares withdrawn during the year, 532
Number of shares forfeited during the year, 10
Number of shares matured during the year, 192
Highest rate of premium or interest received on money sold during the year :
6 12-100 per cent.
Lowest rate of premium or interest received on money sold during the year :
6 12-100 per cent.
Rate of profits distributed : 1st term, 1\ per cent. ; 2d term, 2| per cent.
Number of members withdrawn during the year, 78
Present number of members, 541
Present number of borrowers, 235
Present number of non-borrowers, 306
Number of loans secured by first mortgage of real estate, . . . 182
Number of loans on shares, 105
Largest loan to any one member, $5,000 00
Smallest loan to any one member, 10 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, . 891 24
Date of examination by commissioner: February 15.
134
REPORT OF THE
[Pub. Doc.
MARBLEHEAD CO-OPERATIVE BANK - MAEBLEHEAD.
Incorporated May 5, 1886. Commenced business May 6, 1886.
John Lancy, President. Benjamin Cole, Jr., Secretary and Treasurer.
Names of security committee :
John Lancy, Henry 0. Symonds,
Franklin Millett.
Regular meetings the first Thursday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Loans on real estate,
Loans on shares, .
Permanent expense account,
Real estate by foreclosure,
Unpaid interest,
Unpaid premiums,
Unpaid fines, .
Bonds of City of Beverly
Mass., 4s, .
Taxes paid, .
Cash in hands of secretary,
Cash in hands of treasurer,
$69,100 00
400 00
100 00
11,844 60
599 25
32 90
105 20
2,069 31
50 43
21 24
52 26
1,375 19
Liabilities.
Dues capital,
Profits capital (all series),
Guaranty fund, .
Surplus,
Forfeited share account,
Personal account,
568,017 00
13,848 90
684 68
1,675 03
25 11
124 47
|84,375 19
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Eeceipts.
Disbursements.
From dues capital,
$18,052 00
For real estate loans, .
$3,950 00
interest,
4,743 73
share loans, .
6,430 00
premiums, .
268 90
dues capital withdrawn,
6,475 00
fines, ....
301 92
dues capital forfeited, .
60 00
transfer fees,
2 75
dues capital retired,
21,913 00
real estate loans repaid,
10,350 00
dues capital matured, .
1,540 00
real estate loans elimi-
profits capital withdrawn,
746 70
nated by foreclosure,
3,000 00
profits capital forfeited,
1 20
real estate loans elimi-
profits capital retired, .
6,420 39
nated by maturity of
profits capital matured, .
661 35
shares,
2,200 00
temporary expenses,
390 06
share loans repaid,
8,030 00
interest on retired shares,
195 25
withdrawal profits,
186 08
taxes, insurance, repairs,
forfeiture profits, .
1 20
etc., ....
786 74
city bonds, .
1,001 74
real estate by foreclosure,
3,156 31
rents, ....
456 17
Cash on hand Oct. 31, 1899,
73 50
taxes paid, .
58 43
Cash on hand Oct. 31, 1898, .
4,146 58
$52,799 50
$52,799 50
No. 8.] SAVINGS BANK COMMISSIONERS.
135
Total Amount of Loans at Specified Rates of Interest.
Loans on Real Estate.
Loans on Shares.
Amount.
Rate.
Amount.
Rate.
Amount.
Rate.
$63,150 00
2,250 00
6.30 per cent.
6.60 "
$3,700 00
6.90 per cent.
$400 00
6.30 per cent.
Reconciliation of Share Account with Dues and Profits Capital.
Date of
OO
s .
"Z. «>
oo u
® u
CO
s
l-H*
Issue.
"Eh
"Sao
BJf>
o
02
>
02
E-i
May, 1888
. 5
$197 12
19
$3,745 28
Dues capital, as per gen-
Nov., 1888
. 6
185 46
12
2,225 52
eral ledger,
$68,017 00
May, 1889
. 7
174 14
1
174 14
Profits capital, as per
Nov., 1889
. 8
163 16
11
1,794 76
general ledger, .
13,848 90
May, 1890
. 9
152 50
21
3,202 50
Unpaid dues,
893 00
Nov., 1890
. 10
142 15
23
3,269 45
May, 1891
. 11
132 12
31
4,095 72
Nov., 1891
. 12
122 39
42
5,140 38
May, 1892
. 13
112 94
45
5,082 30
Nov., 1892
, . 14
103 76
74
7,678 24
May, 1893
, . 15
94 84
45
4,267 80
Nov., 1893
, . 16
86 18
64
5,515 52
May, 1894
. 17
77 77
41
3,188 57
Nov., 1894
, . 18
69 61
99
6,891 39
May, 1895,
. 19
61 68
109
6,723 12
Nov., 1895,
. 20
54 00
45
2,430 00
May, 1896,
. 21
46 53
102
4,746 06
Nov., 1896,
. 22
39 29
91
3,575 39
May, 1897,
. 23
32 25
91
2,934 75
Nov., 1897
. 24
25 41
110
2,795 10
May, 1898,
. 25
18 78
91
1,708 98
Nov., 1898
. 26
12 34
55
678 70
May, 1899
, . 27
6 09
147
895 23
Total,
Total,
$82,758 90
$82,758 90
Number of shares issued during the year, 212
Number of shares now in force, 1,369
Number of shares now borrowed upon, 367
Largest number of shares held by any one member, .... 25
Number of shares withdrawn during the year, 177
Number of shares forfeited during the year, 12
Number of shares retired during the year, 236
Number of shares matured during the year, 11
Highest rate of premium or interest received on money sold during the year :
5 cents premium.
Lowest rate of premium or interest received on money sold during the year :
5 cents premium.
Rate of profits distributed : 1st term, 3 per cent. ; 2d term, 2£ per cent.
Number of members withdrawn during the year, 60
Present number of members, 302
Present number of borrowers, 64
Present number of non-borrowers, 238
Number of loans secured by first mortgage of real estate, ... 75
Number of loans on shares 5
Largest loan to any one member, $3,600 00
Smallest loan to any one member, 50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, . 390 06
Date of examination by commissioner: August 29.
136
REPORT OF THE
[Pub. Doc.
MARLBOROUGH CO-OPERATIVE BANK — MARL-
BOROUGH.
Incorporated April 16, 1890. Commenced business May 1, 1890.
Charles F. Robinson, President. C. B. Russell, Secretary and Treasurer.
Names of security committee :
John S. Fay, E. O. Brigham,
M. J. Buckley, J. E. Warren,
W. H. Hill.
Regular meetings the second Thursday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
Loans on shares, .
Temporary expense account,
Real estate by foreclosure, .
Unpaid interest,
Unpaid premiums,
Unpaid fines, ....
Furniture and fixtures, .
Real estate expense,
Tax account, ....
Note of town of Wellesley, .
Cash in hands of treasurer, .
$ 110,150 00
8,380 00
271 89
5,831 11
798 64
16 97
140 37
150 00
34 93
216 22
5,000 00
10,113 82
Dues capital,
Profits capital (all serie
Interest,
Premiums, .
Fines, .
Withdrawal profits,
Forfeiture profits,
Guaranty fund, .
Surplus,
Rents, . .
s), •'
$116,731 00
18,596 28
3,250 21
48 31
221 01
153 65
11 07
879 44
1,003 48
209 50
$141,103 95
$141,103 95
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Receipts.
Disbursements.
From dues capital,
$27,742 00
i
For real estate loans, .
$21,600 00
interest,
6,638 22
share loans, .
6,790 00
premiums, .
106 73
dues capital withdrawn,
14,269 00
fines, ....
420 00
dues capital forfeited, .
1,136 00
transfer fees,
2 00
dues capital retired,
23,003 00
real estate loans repaid,
20,250 00
profits capital withdrawn,
1,889 70
real estate loans elimi-
profits capital forfeited,
134 22
nated by foreclosure,
10,000 00
profits capital retired, .
4,753 98
share loans repaid,
7,700 00
temporary expenses,
518 85
withdrawal profits,
378 74
forfeited shares,
637 92
forfeiture profits, .
26 87
tax account, .
484 12
forfeited shares, .
637 92
real estate expense,
49 72
rents, ....
279 40
town notes, .
5,000 00
agreements, .
50
real estate by foreclosure,
7,231 72
tax account,
311 70
Cash on hand Oct. 31, 1899,
10,113 82
real estate by foreclos-
ure, ....
4,539 00
Cash on hand Oct. 31, 1898, .
18,578 97
$97,612 05
$97,612 05
No. 8.] SAVINGS BANK COMMISSIONED.
137
Total Amount of Loans at Specified Rates of Interest.
Loans on Real Estate.
Loans on Shakes.
Amount.
Kate.
Amount.
Rate.
Amount.
Rate.
$87,600 00
450 00
400 00
5.00 per cent.
5.25 "
6.00 "
$21,550 00
150 00
6.30 per cent.
7.75 "
$5,110 00
220 00
2,860 00
60 00
100 00
30 00
5.00 per cent.
5.25 "
6.30 «
7.20 "
7.50 «
7.75 "
Reconciliation of
Share Account with Dues and Profits Capital.
Date of
«
a .
GO ej
s
Issue.
°3
ca
>
m
H
May, 1890, .
1
$147 51
94
$13,865 94
Dues capital, as per gen-
Nov., 1890, .
2
137 53
72
9,902 16
eral ledger, .
$116,731 00
May, 1891, .
3
127 83
49
6,263 67
Profits capital, as per
Nov., 1891, .
4
118 42
75
8,881 50
general ledger, .
18,596 28
May, 1892, .
5
109 28
96
10,490 88
Unpaid dues,
1,311 00
Nov., 1892, .
6
100 41
15
1,506 15
May, 1893, .
7
91 80
130
11,934 00
Nov., 1893, .
8
83 44
53
4,422 32
May, 1894, .
9
75 31
175
13,179 25
Nov., 1894, .
10
67 44
194
13,083 36
May, 1895, .
11
59 78
154
9,206 12
Nov., 1895, .
12
52 36
205
10,733 80
May, 1896, .
13
45 15
134
6,050 10
Nov., 1896, .
14
38 14
117
4,462 38
May, 1897, .
15
31 34
148
4,638 32
Nov., 1897, .
16
24 74
143
3,537 82
May, 1898, .
17
18 33
95
1,741 35
Nov., 1898, .
18
12 09
124
1,499 16
May, 1899, .
19
6 00
200
1,200 00
40 00
Total, .
Dues paid in adva
nee, .
» .
Total, .
$136,638 28
$136,638 28
Number of shares issued during the year, 334
Number of shares now in force, 2,273
Number of shares now borrowed upon, 800
Largest number of shares held by any one member, .... 25
Number of shares withdrawn during the year, 343
Number of shares forfeited during the year, 51
Number of shares retired during the year, 339
Highest rate of premium or interest received on money sold during the year :
5 per cent.
Lowest rate of premium or interest received on money sold during the year :
5 per cent.
Rate of profits distributed : 1st term, 2£ per cent. ; 2d term, 2£ per cent.
Number of members withdrawn during the year, 72
Present number of members, 375
Present number of borrowers, 129
Present number of non-borrowers, 246
Number of loans secured by first mortgage of real estate, . . . 114
Number of loans on shares 57
Largest loan to any one member, $4,600 00
Smallest loan to any one member, 10 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, . 536 85
Date of examination by commissioner : April 6.
138
REPOKT OF THE
[Pub. Doc.
MECHANICS' CO-OPERATIVE BANK - TAUNTON.
Incorporated Sept. 14, 1877. Commenced business Sept. 17, 1877.
William H. Lewis, President. Edward S. Hersey, Secretary.
Edwin H. Knowles, Treasurer.
Names of security committee :
Cyrus Savage, William H. Pleadwell,
J. J. Green, Jr.
Regular meetings the first Monday after the fifteenth of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
Loans on shares, .
Temporary expense account,
Real estate by foreclosure, .
Unpaid interest,
Unpaid premiums,
Unpaid fines, ....
Unpaid dues, ....
Cash in hands of treasurer, .
$415,500 00
15,970 00
506 24
3,934 23
5,394 60
366 76
852 30
7,085 00
4,772 60
Dues capital,
Profits capital (all series), .
Interest, ....
Premiums, ....
Fines, .....
Guaranty fund, .
Surplus, ....
Forfeited share account,
Advance payments,
Matured share account,
$359,536 00
75,343 11
6,393 31
333 57
22 86
1,783 03
3,254 30
15 98
4,748 43
2,951 14
$454,381 73
$454,381 73
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Receipts.
Disbursements.
From dues capital,
$80,891 00
For real estate loans, .
$113,110 00
interest,
20,221 46
share loans, . . .
16,335 00
premiums, .
1,004 09
dues capital withdrawn,
51,115 00
fines, ....
34 37
dues capital forfeited, .
399 00
real estate loans repaid,
99,780 00
dues capital retired,
13,197 00
real estate loans elimi-
dues capital matured, .
20,383 00
nated by foreclosure,
5,100 00
profits capital withdrawn,
9,796 11
real estate loans elimi-
profits capital forfeited, .
9 98
nated by maturity of
profits capital retired, .
4,194 67
shares,
3,600 00
profits capital matured,
8,914 16
share loans repaid,
16,490 00
temporary expenses,
1,513 28
forfeited shares, .
408 98
forfeited shares, .
567 30
real estate by foreclos-
interest on retired shares,
435 44
ure, ....
3,673 73
real estate by foreclosure,
5.488 57
matured share account,
29,656 16
matured share account,
26,705 02
suspense account,
13,834 52
interest on matured
advance payments,
16,852 78
shares,
359 00
guaranty fund, .
20 32
advance payments,
15,773 15
Cash on hand Oct. 31, 1898, .
1,731 88
guaranty fund,
231 01
Cash on hand Oct. 31, 1899,
4,772 60
$293,299 29
$293,299 29
No. 8.] SAVINGS BANK COMMISSIONERS.
139
Total Amount of Loans at Specified Rates of Interest.
Loans on Keal Estate.
Loans on Shares.
Amount.
Rate.
Amount.
Rate.
Amount.
Rate.
$415,500 00
6.30 per cent.
-
-
$15,970 00
6.30 per cent.
Reconciliation of Share Account with Dues and Profits Capital.
Date of
u
a.<°
4) eS
o .
CO o
O hi
a
^"3
Issue.
"u
CSJ>.
o
B>
>
02
H
July, 1888, .
14
$190 85
81
$15,458 85
Dues capital, as per gen-
Jan.
1889, .
15
179 54
120
21,544 80
eral ledger,
$359,536 00
July
1889, .
16
168 36
101
17,004 36
Profits capital, as per
Jan.
1890, .
17
157 54
156
24,576 24
general ledger, .
75,343 11
July
1890, .
18
147 03
123
18,084 69
Jan.,
1891, .
19
136 90
384
52,569 60
July
, 1891, .
20
127 06
308
39,134 48
Jan.
1892, .
21
117 52
56
6,581 12
July
1892, .
22
108 26
440
47,634 40
Jan.
1893, .
23
99 27
96
9,529 92
July
, 1893, .
24
90 55
282
25,535 10
Jan.
1894, .
25
82 12
222
18,230 64
July
, 1894, .
26
73 93
163
12,050 59
Jan.
1895, .
27
65 97
489
32,259 33
July
, 1895, .
28
58 24
175
10,192 00
Jan. j
1896, .
29
50 74
328
16,642 72
July
, 1896, .
30
43 46
221
9,604 66
Jan.,
1897, .
31
36 39
284
10,334 76
July
1897, .
32
29 52
312
9,210 24
Jan.,
1898, .
33
22 85
1,025
23,421 25
July
1898, .
34
16 38
322
5,274 36
Jan.
1899, .
35
10 10
410
4,141 00
July
, 1899, .
36
4 00
1,466
5,864 00
Total,
r
rotal,
•
$434,879 11
$434,879 11
Number of shares issued during the year,
Number of shares now in force, ....
Number of shares now borrowed upon, .
Largest number of shares held by any one member,
Number of shares withdrawn during the year,
Number of shares forfeited during the year, .
Number of shares retired during the year,
Number of shares matured during the year, .
Highest rate of premium or interest received on money sold during the year :
6 3-10 per cent.
Lowest rate of premium or interest received on money sold during the year :
6 3-10 per cent.
Rate of profits distributed : 1st term, 3 per cent. ; 2d term, 3 per cent.
Number of members withdrawn during the year, ....
Present number of members,
Present number of borrowers
Present number of non-borrowers,
Number of loans secured by first mortgage of real estate,
Number of loans on shares, 57
Largest loan to any one member,
Smallest loan to any one member,
Amount of expenses of the corporation for the year ending Oct. 31, 1899, .
Date of examination by commissioner: May 15.
2,008
7,564
2,500
25
1,033
17
118
146
105
1,094
388
706
331
$5,000 00
50 00
1,631 92
140
REPORT OF THE
[Pub. Doc.
MBDFORD CO-OPERATIVE BANK — MEDFORD.
Incorporated June 21, 1886. Commenced business July 7, 1886.
Dana I. McIntire, President. James S. Sturteyant, Secretary and Treasurer.
Names of security committee :
Charles S. Taylor, Joseph E. Obeb,
Lewis H. Lovering, "Walter F. Cushing,
John A. Sullivan.
Regular meetings the first Wednesday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
Loans on shares, .
Permanent expense account,
Real estate by foreclosure, .
Unpaid interest,
Unpaid premiums,
Unpaid fines, ....
Cash in hands of treasurer, .
$285,400 00
24,100 00
200 00
2,849 13
905 47
55 00
97 15
21,413 66
$335,020 41
Dues capital,
Profits capital (all series) , .
Guaranty fund, .
1 Surplus, ....
Forfeited share account,
$271,360 00
58,582 08
1,953 19
3,122 98
2 16
$335,020 41
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31,1899.
Receipts.
Disbursements.
From dues capital,
$71,928 00
For real estate loans, .
$52,100 00
interest,
17,958 48
share loans, .
18,000 00
premiums, .
990 50
dues capital withdrawn,
30,567 00
fines, ....
394 47
dues capital forfeited, .
65 00
transfer fees,
5 25
dues capital retired,
14,407 00
real estate loans repaid,
48,800 00
dues capital matured, .
18,525 00
real estate loans elimi-
profits capital withdrawn
5,322 94
nated by foreclosure,
2,600 00
profits capital forfeited, .
5 46
real estate loans elimi-
profits capital retired, .
2,724 60
nated by maturity of
profits capital matured,
8,944 27
shares,
9,000 00
temporary expenses,
1,315 92
share loans repaid,
6,400 00
permanent expenses,
8 00
withdrawal profits,
1,332 57
forfeited shares, .
60 00
forfeiture profits, .
1 36
real estate by foreclosure,
2,849 13
rents
108 00
interest repaid,
1 00
Cash on hand Oct. 31, 1898, .
16,790 55
premium repaid, .
20
Cash on hand Oct. 31, 1899,
21,413 66
$176,309 18
$176,309 18
No. 8.] SAVINGS BANK COMMISSIONERS.
141
Total Amount of Loans at Specified Rates of Interest.
Loans on Real Estate.
Loans on Shares.
Amount.
Rate.
Amount.
Rate.
Amount.
Rate.
$178,800 00
91,900 00
5.00 per cent.
6.30 "
$14,700 00
6 . 60 per cent.
$4,600 00
19,300 00
200 00
5.00 per cent.
6.30 "
6.60 "
Reconciliation of Share Account with Dues and Profits Capital.
Date of
05
<0 OS
e .
on e>
o5
3
Issue.
Th
02
>
02
H
May, 1888, .
5
$204 30
58
$11,849 40
Dues capital, as per gen-
Nor., 1888, .
6
191 96
44
8,446 24
eral ledger, .
$271,360 00
May, 1889, .
7
179 87
63
11,331 81
Profits capital, as per
Nov., 1889, .
8
168 38
55
9,260 90
general ledger, .
58,582 08
May, 1890, .
9
157 13
65
10,213 45
Unpaid dues,
1,186 00
Nov., 1890, .
10
146 26
123
17,989 98
May, 1891, .
11
135 68
128
17,367 04
Nov., 1891, .
12
125 47
123
15,432 81
May, 1892, .
13
115 59
133
15,373 47
Nov., 1892, .
14
105 94
110
11,653 40
May, 1893, .
15
96 79
145
14,034 55
Nov., 1893, .
16
87 84
214
18,797 76
May, 1894, .
17
79 17
298
23,592 66
Nov., 1894, .
18
70 77
226
15,994 02
May, 1895, .
19
62 73
376
23,586 48
Nov., 1895, .
20
54 83
320
17,545 60
May, 1896, .
21
47 08
535
25,187 80
Nov., 1896, .
22
39 69
310
12,303 90
May, 1897, .
23
32 52
571
18,568 92
Nov., 1897, .
24
25 60
539
13,798 40
May, 1898, .
25
18 89
474
8,953 86
Nov., 1898, .
26
12 39
517
6,405 63
May, 1899, .
27
6 10
540
3,294 00
146 00
Total,
Dues paid in
adva
nee, .
Total,
$331,128 08
$331,128 08
Number of shares issued during the year, 1,068
Number of shares now in force, 5,967
Number of shares now borrowed upon, 2,133
Largest number of shares held by any one member, .... 25
Number of shares withdrawn during the year, 706
Number of shares forfeited during the year, 13
Number of shares retired during the year 229
Number of shares matured during the year, 134
Highest rate of premium or interest received on money sold during the year :
6 6-10 per cent.
Lowest rate of premium or interest received on money sold during the year :
5 per cent.
Rate of profits distributed : 1st term, 3| per cent. ; 2d term, 3 per cent.
142 EEPORT OF THE [Pub. Doc.
Number of members withdrawn during the year, 92
Present number of members, 619
Present number of borrowers, 185
Present number of non-borrowers, 434
Number of loans secured by first mortgage of real estate, . . . 164
Number of loans on shares, 82
Largest loan to any one member, $5,000 00
Smallest loan to any one member, 50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, . 1,373 92
Date of examination by commissioner : May 18.
No. 8.] SAVINGS BANK COMMISSIONERS.
143
MELROSE CO-OPERATIVE BANK- MELROSE.
Incorporated April 4, 1890. Commenced business April 20, 1890.
Levi S. Gould, President. Charles G. Schaedel, Secretary.
John P. Deering, Treasurer.
Names of security committee :
Norman F. Hesseltine, Stephen A. Love joy,
Geo. W. Farnsworth.
Regular meetings the first Friday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
Loans on shares, . . .
Permanent expense account,
Temporary expense account,
Real estate by foreclosure, .
Unpaid premiums,
Unpaid fines, ....
Cash in hands of treasurer, .
$28,950 00
6,060 00
69 66
19 60
8,108 56
14 20
12 13
384 14
Dues capital,
Profits capital (all series), .
Interest, ....
Withdrawal profits,
Forfeiture profits,
Guaranty fund, .
Surplus, ....
Forfeited share account,
$37,299 00
5,617 50
39 33
62 71
2 64
246 35
340 46
10 30
$43,618 29
$43,618 29
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Receipts.
Disbursements.
From dues capital,
$8,559 00
For real estate loans, .
$12,250 00
interest,
1,934 89
share loans, .
2,180 00
premiums, .
94 00
dues capital withdrawn,
5,988 00
fines, ....
66 01
dues capital forfeited, .
519 00
transfer fees,
25
profits capital withdrawn,
803 15
real estate loans elimi-
profits capital forfeited,
51 54
nated by foreclosure,
3,000 00
temporary expenses,
200 47
share loans repaid,
1,720 00
permanent expenses,
60 00
withdrawal profits,
220 55
repairs, taxes, etc., on
forfeiture profits, .
12 90
foreclosed real estate,
557 04
sale of safe, .
87 50
legal expenses on bond
cash from ex-treasurer,
15 00
suit, ....
4 20
rents, ....
664 70
real estate by foreclosure,
2,712 45
real estate by fore-
surplus charged off to
closure,
2,712 45
adjust loss,
472 14
taxes repaid,
75 79
profits charged off to ad-
loss adjusted,
4,257 05
just loss, .
1,084 91
Cash on hand Oct. 31, 1898, .
3,846 95
Cash on hand Oct. 31, 1899,
384 14
$27,267 04
$27,267 04
144
REPORT OF THE
[Pub. Doc.
Total Amount of Loans at Specified Rates of Interest.
Loans on Real Estate.
Loans on Shakes.
Amount.
Kate.
Amount.
Kate.
Amount.
Kate.
$6,700 00
550 00
14,500 00
1,200 00
5.00 per cent.
5.50 "
6.00 «
6.30 "
$1,900 00
1,500 00
1,200 00
1,400 00
6.60 per cent.
6.90 "
7.20 "
7.80 "
$4,750 00
1,310 00
5.00 per cent.
6.00 "
Reconciliation of Share Account with Dues and Pro/its Capital.
Date of
Issue.
April, 1890, .
July, 1890, .
Oct., 1890, .
Jan., 1891, .
April, 1891, .
July, 1891, .
Oct., 1891, .
April, 1892, .
July, 1892, .
Oct., 1892, .
Jan., 1893, .
April, 1893, .
July, 1893, .
Oct., 1893, .
Jan., 1894, .
April, 1894, .
July, 1894, .
Jan., 1895, .
April, 1895, .
Oct., 1895, .
April, 1896, .
Oct., 1896, .
April, 1897, .
Oct., 1897, .
April, 1898, .
Oct., 1898, .
April, 1899, .
Oct., 1899, .
1
2
3
4
5
6
7
9
10
11
12
13
14
15
16
17
18
20
21
22
23
24
25
26
27
28
29
30
10
136 56
132 07
127 66
123 30
118 97
114 70
106 36
102 27
98 23
94 27
90 31
86 41
82 56
78 77
75 03
71 32
64 04
60 43
53 35
46 43
39 63
32 97
26 30
19 73
13 33
7 09
1 00
_ ®
V l~
£5 °
02
Dues paid in advance, .
Total, .
70
10
20
28
3
5
9
6
12
5
8
20
32
12
10
2
5
7
41
53
39
42
49
29
28
41
133
66
s
-."3
$9,877
1,365
2,641
3,574
369
594
1,032
638
1,227
491
754
1,806
2,765
990
787
150
356
448
2,477
2,827
1,810
1,664
1,615
762
552
546
942
66
2 00
5,139 50
Dues capital, as per gen-
eral ledger,
Profits capital, as per
general ledger, .
Unpaid dues,
Total,
$37,299 00
5,617 50
223 00
$43,139 50
Number of shares issued during the year, 222
Number of shares now in force, 785
Number of shares now borrowed upon, 242
Largest number of shares held by any one member, .... 25
Number of shares withdrawn during the year, 116
Number of shares forfeited during the year, ...... 15
Highest rate of premium or interest received on money sold during the year :
6 per cent.
Lowest rate of premium or interest received on money sold during the year :
5 per cent.
No. 8.] SAVINGS BANK COMMISSIONERS. 145
Rate of profits distributed : 1st term, 2£ per cent. ; 2d terra, 2£ per cent.
Number of members withdrawn during the year, , 24
Present number of members, Ill
Present number of borrowers, 32
Present number of non-borrowers, 79
Number of loans secured by first mortgage of real estate, ... 23
Number of loans on shares, 9
Largest loan to any one member, $3,150 00
Smallest loan to any one member, 100 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, . 227 97
Date of examination by commissioner : February 25.
146
EEPORT OF THE
[Pub. Doc.
MERCHANTS' CO-OPERATIVE BANK — BOSTON",
Incorporated Dec. 21, 1881. Commenced business February, 1882.
John S. F. Huddleston, President. Albert E. Duffill, Secretary and Treasurer*
Names of security committee :
George T. Bosson, Albert S. Parsons,
Edavard Stoddard, Frank M. Perry,
John Butland.
Regular meetings the second Monday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Loans on real estate, .
Loans on shares, .
Temporary expense account
Real estate by foreclosure,
Tax account,
Personal accounts,
Cash in hands of treasurer
L,033,271 97
52,390 00
1.797 65
17,526 43
96 54
3.798 18
38,124 51
$1,147,005 28
Liabilities.
Dues capital,
Profits capital (all series).
Interest,
Premiums, .
Fines, .
Transfer fees,
Withdrawal profits,
Guaranty fund, .
Surplus,
Forfeited share account,
Personal account,
Suspense account,
$971,610 00
140,570 80
18,504 90
384 39
485 46
7 00
1,258 62
7,974 88
5,590 79
245 86
300 00
72 58
$1,147,005 28
Detailed Statement of Receipts and Disbursements for the Tear ending
Oct. 31, 1899.
Keceipts.
Disbursements.
From dues capital,
$305,640 00
For real estate loans, .
$178,454 00
interest,
61,325 12
share loans, .
67,300 00
premiums, .
1,812 37
dues capital withdrawn,
117,481 00
fines, ....
2,823 45
dues capital forfeited, .
1,786 00
transfer fees,
17 00
dues capital retired,
136,864 00
real estate loans repaid,
140,899 13
dues capital matured, .
19,198 00
real estate loans elimi-
profits capital withdrawn,
17,353 86
nated by foreclosure,
11,428 00
profits capital forfeited, .
245 56
real estate loans elimi-
profits capital retired, .
33,048 71
nated by maturity of
profits capital matured, .
8,754 33
shares,
10,050 00
temporary expenses,
5,012 05
share loans repaid,
54,510 00
forfeited shares,
1,821 93
withdrawal profits,
2,848 88
interest on retired shares,
2,447 13
forfeiture profits, .
58 23
withdrawal profits,
20
forfeited shares, .
1,926 67
suspense account, .
350 45
expense repaid, .
19 17
surplus account, .
66 00
profit and loss account,
147 97
guaranty fund, . .
2,314 33
profits returned, .
20
taxes advanced,
614 99
taxes repaid,
568 27
real estate bv foreclosure,
16,073 12
real estate by foreclos-
Cash on hand Oct. 31, 1899,
38,124 51
ure, ....
28,134 29
suspense account,
394 04
Cash on hand Oct. 31, 1898, .
24,707 38
$647,310 17
$647,310 17
No. 8.] SAVINGS BANK COMMISSIONERS.
147
Total Amount of Loans at Specified Rates of Interest.
Loans on Keal Estate.
Loans on Shakes.
Amount.
Rate.
Amount.
Rate.
Amount.
Rate.
$597,096 00
5.00 per cent.
$46,400 00
6.60
per cent.
$36,750 00
5.00 per cent.
112,150 00
5.25 "
4,850 00
6.90
c<
11,850 00
5.25 «■
4,110 00
5.50 "
600 00
7.20
<<
700 00
5.50 "
14,615 97
6.00
3,600 00
7.50
<«
3,030 00
6.30 "
248,850 00
6.30 "
1,000 00
8.10
(<
60 00
7.20 "
Reconciliation of Share Account with Dues and Profits Capital.
Date of
j
DQ
eper
are.
a;
Issue.
"3
5«
"3 a
j5h
o
>
OQ
H
Dec, 1888, .
15
$185 88
108
$20,075 04
Dues capital, as per gen-
June, 1889, .
16
174 00
143
24,882 00
eral ledger, .
$971,610 00
Dec, 1889, .
17
162 55
85
13,816 75
Profits capital, as per
June, 1890, .
18
151 45
104
15,750 80
general ledger, .
140,570 80
Dec, 1890, .
19
140 77
132
18,581 64
Unpaid dues,
8,926 00
June, 1891, .
20
130 44
170
22,174 80
Dec, 1891, .
21
120 47
343
41,321 21
June, 1892, .
22
110 81
465
51,526 65
Dec , 1892, .
23
101 46
691
70,108 86
June, 1893, .
24
92 46
596
55,106 16
Dec, 1893, .
25
83 75
1,124
94,135 00
June, 1894, .
26
75 35
993
74,822 55
Dec, 1894, .
27
67 23
1,058
71,129 34
June, 1895, .
28
59 37
1,530
90,836 10
Dec, 1895, .
29
51 79
1,780
92,186 20
June, 1896, .
30
44 46
1,878
83,495 88
Dec, 1896, .
31
37 37
1,976
73,843 12
June, 1897, .
32
30 49
2,400
73,176 00
Dec, 1897, .
33
23 83
2,865
. 68,272 95
June, 1898, .
34
17 37
1,795
31,179 15
Dec, 1898, .
35
11 10
2,386
26,484 60
June, 1899, .
36
5 00
1,428
7,140 00
1,062 00
Dues paid in advance, .
•
Total,
•
•
$1,121,106 80
Total,
•
•
$1,121,106 80
Number of shares issued during the year, 4,411
Number of shares now in force, 24,050
Number of shares now borrowed upon, 7,187
Largest number of shares held by any one member, .... 25
Number of shares withdrawn during the year, .... 3,646
Number of shares forfeited during the year, 112
Number of shares retired during the year, 1,747
Number of shares matured during the year, 141
Highest rate of premium or interest received on money sold during the year :
5^ per cent.
Lowest rate of premium or interest received on money sold during the year :
5 per eent.
Rate of profits distributed : 1st term, 3 per cent. ; 2d term, 2| per cent.
Number of members withdrawn during the year, 435
Present number of members, 2,596
Present number of borrowers, 656
Present number of non-borrowers, 1,940
Number of loans secured by first mortgage of real estate, . . . 485
Number of loans on shares, 253
Largest loan to any one member,
Smallest loan to any one member,
Amount of expenses of the corporation for the year ending Oct. 31, 1899, .
Date of examination by commissioner : November 27.
$5,000 00
50 00
4,992 88
148
EEPORT OF THE
[Pub. Doc.
MERRIMACK CO-OPERATIVE BANK — LAWRENCE.
Incorporated April 2, 1892. Commenced business April 28, 1892.
J. J. Mahoxet, President. C. J. Corcoran, Secretary.
C. A. McCarthy, Treasurer.
Names of security committee :
M. F. Sullivan, H. J. McQceeney.
Regular meetings the first Friday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
Loans on shares, .
Permanent expense account,
Unpaid interest,
Unpaid premiums,
Unpaid fines, ....
Cash in hands of secretary, .
Cash in hands of treasurer, .
$42,100 00
1,810 00
314 64
261 00
10 25
86 78
494 89
16 08
Dues capital,
Profits capital (all series), .
Guaranty fund,
Surplus
Forfeited share account,
$35,918 00
6,233 79
409 10
1,494 43
1,038 32
§45,093 64
$45,093 64
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Receipts.
DlSBCKSEMEXTS.
From dues capital,
$10,754 00
For real estate loans, .
$16,400 00
interest,
2,225 35
share loans, .
2,005 00
premiums, .
104 85
dues capital withdrawn,
3,969 00
fines, ....
142 87
dues capital forfeited, .
642 00
real estate loans repaid,
4,700 00
profits capital withdrawn,
425 75
share loans repaid,
2,110 00
profits capital forfeited,
107 75
withdrawal profits,
101 91
temporary expenses,
74 98
forfeiture profits, .
26 91
forfeited shares,
353 70
forfeited shares, .
716 12
Cash on hand Oct. 31, 1899, .
510 97
Cash on hand Oct. 31, 1898, .
3,607 14
$24,489 15
$24,489 15
No. 8.] SAVINGS BANK COMMISSIONERS.
149
Total Amount of Loans at Specified Rates of Interest.
Loans on Real Estate.
Loans on Shares.
Amount.
Rate.
Amount.
Rate.
Amount.
Rate.
$9,600 00
6.00 per cent.
$32,500 00
6.30 per cent.
$1,050 00
760 00
6.00 per cent.
6.30 "
Reconciliation of Share Account with Dues and Profits Capital.
Date op
QQ
41 CS
si
Issue.
°n
3fl
"3®
o
02
>
m
H
May, 1892, .
1
$113 31
150
$16,996 50
Dues capital, as per gen-
May, 1893, .
3
95 24
28
2,666 72
eral ledger,
$35,918 00
Nov., 1893, .
4
86 56
20
1,731 20
Profits capital, as per
May, 1894, .
5
78 13
29
2,265 77
general ledger, .
6,233 79
Nov., 1894, .
6
69 93
31
2,167 83
Unpaid dues, .
538 00
May, 1895, .
7
61 97
13
805 61
Nov., 1895, .
8
54 24
16
867 84
May, 1896, .
9
46 74
82
3,832 68
Nov., 1896, .
10
39 46
66
2,604 36
May, 1897,.
11
32 39
109
3,530 51
Nov., 1897, .
12
25 52
82
2,092 64
May, 1898, .
13
18 85
65
1,225 25
Nov., 1898, .
14
12 38
66
817 08
May, 1899, .
15
6 10
178
1,085 80
Total,
Total,
$42,689 79
$42,689 79
Number of shares issued during the year, 244
Number of shares now in force, 935
Number of shares now borrowed upon, 230
Largest number of shares held by any one member, .... 25
Number of shares withdrawn during the year, 135
Number of shares forfeited during the year, 16
Highest rate of premium or interest received on money sold during the year :
6 3-10 per cent.
Lowest rate of premium or interest received on money sold during the year :
6 per cent.
Rate of profits distributed : 1st terra, 3 per cent. ; 2d terra, 3 per cent.
Number of members withdrawn during the year, 21
Present number of members, 110
Present number of borrowers, 51
Present number of non-borrowers, 59
Number of loans secured by first mortgage of real estate, ... 38
Number of loans on shares, 15
Largest loan to any one member, $3,500 00
Smallest loan to any one member, 50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, . 141 95
Date of examination by commissioner: February 24.
150
REPORT OF THE
[Pub. Doc.
MIDDLEBOROUGH CO-OPEBATIVE BANK — MIDDLE-
BOROUGH.
Incorporated May 1, 1889. Commenced business May 21, 1889.
W. H. Southworth, President. Joseph E. Beals, Secretary and Treasurer.
Names of security committee :
Warren H. Southworth, Cornelius H. Leonard,
Henry W. Sears.
Regular meetings the third Tuesday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
Loans on shares, .
Real estate by foreclosure,
Unpaid interest,
Unpaid premiums,
Unpaid fines, .
Furniture and fixtures, .
Mortgage,
Cash in hands of treasurer,
$149,650 00
2,100 00
1,063 92
442 75
20 05
55 10
70 00
3,250 00
10,668 47
Dues capital,
Profits capital (all series), .
Interest, ....
Premiums, ....
Guaranty fund, .
Surplus, ....
$136,216 00
28,381 16
3 50
18
605 00
2,114 45
$167,320 29
$167,320 29
Detailed Statement of Receipts and Disbursements for the Tear ending
Oct. 31, 1899.
Receipts.
Disbursements.
From dues capital,
$34,906 00
For real estate loans, .
$49,779 10
interest,
9,392 18
share loans, .
2,650 00
premiums, .
343 85
dues capital withdrawn,
18,443 00
fines, ....
338 81
dues capital forfeited, .
513 00
transfer fees,
1 00
dues capital retired.
5,118 00
real estate loans repaid,
24,900 00
profits capital withdrawn,
3,770 33
real estate loans elimi-
profits capital forfeited,
51 24
nated by foreclosure,
12,200 00
profits capital retired, .
1,652 08
share loans repaid,
2,450 00
temporary expenses,
669 99
withdrawal profits,
143 58
forfeited shares,
771 42
forfeiture profits,
9 23
interest on retired shares,
43 40
forfeited shares, .
771 42
real estate by foreclosure,
12,065 71
temporary expense ac-
mortgage,
3,250 00
count,
13 50
Cash on hand Oct. 31, 1899, .
10,668 47
real estate by foreclos-
ure, ....
14,591 84
Cash on hand Oct. 31, 1898, .
9,381 33
$109,445 74
$109,445 74
No. 8.] SAVINGS BANK COMMISSIONERS.
151
Total Amount of Loans at Specified Rates of Interest.
Loans on Real Estate.
Loans on Shakes.
Amount.
Kate.
Amount.
Eate.
Amount.
Eate.
$64,150 00
85,350 00
6 00 per cent.
6.30 "
$150 00
6.60 per cent.
$1,950 00
150 00
6.00 per cent.
6.30 "
Reconciliation of Share Account with Dues and Profits Capital.
Date of
w
a? •
~" cJ
- •-
Issue.
'G
3.C
_!£
o
DO
>
DG
En
May, 1889, .
1
$175 25
63
$11,040 75
Dues capital, as per gen-
Nov., 1889, .
2
164 23
46
7,554 58
eral ledger,
$136,216 00
May, 1890, .
3
153 52
79
12,128 08
Profits capital, as per
Nov., 1890, .
4
143 12
69
9,875 28
general ledger, .
28,381 16
Mav, 1891, .
5
133 03
52
6,917 56
Unpaid dues,
746 00
Nov., 1891, .
6
123 20
64
7,884 80
May, 1892, .
7
113 65
115
13,069 75
Nov., 1892, .
8
104 41
67
6,995 47
Mav, 1893, .
9
95 43
78
7,443 54
Nov., 1893, .
10
86 71
59
5,115 89
May, 1894, .
11
78 25
131
10,250 75
Nov., 1894, .
12
70 03
166
11,624 98
May, 1895, .
13
62 05
136
8,438 80
Nov., 1«95, .
14
54 29
165
8,957 85
May, 1896, .
15
46 78
127
5,941 06
Nov., 1896, .
16
39 49
233
9,201 17
May, 1897, .
17
32 40
224
7,257 60
Nov., 1897, .
18
25 52
191
4,874 32
May, 1898, .
19
18 85
311
5,862 35
Nov., 1898, .
20
12 38
216
2,674 08
May, 1899, .
21
6 10
325
1,982 50
252 00
Total,
Dues paid in
idva
nee, .
Total,
$165,343 16
$165,343 16
Number of shares issued during the year, 602
Number of shares now in force, 2,917
Number of shares now borrowed upon, 845
Largest number of shares held by any one member, . . . .25
Number of shares withdrawn during the year, 377
Number of shares forfeited during the year, 62
Number of shares retired during the year, 46
Highest rate of premium or interest received on money sold during the year :
6 per cent.
Lowest rate of premium or interest received on money sold during the year :
6 per cent.
Rate of profits distributed : 1st term, 3 per cent. ; 2d term, 3 per cent.
Number of members withdrawn during the year, 48
Present number of members, . . 485
Present number of borrowers, 129
Present number of non-borrowers, 356
Number of loans secured by first mortgage of real estate, . . . 153
Number of loans on shares 14
Largest loan to any one member, $5,000 00
Smallest loan to any one member, 50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, . 656 49
Date of examination by commissioner : April 25.
152
REPORT OF THE
[Pub. Doc.
MIDDLESEX CO-OPERATIVE BANK — LOWELL.
Incorporated Nov. 2, 1892. Commenced business Nov. 3, 1892.
Jesse H. Shepard, President. William D. Brown, Secretary and Treasurer.
Names of security committee :
Wm. M. Sherwell, George A. Roper,
John M. Kingsbury.
Regular meetings the last Friday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
Loans on shares, .
Permanent expense account,
Unpaid interest,
Unpaid premiums,
Unpaid fines, ....
Cash in hands of treasurer, .
$100,900 00
7,525 00
80 00
445 25
32 20
45 55
14,983 10
Dues capital,
Profits capital (all series) , .
Guaranty fund, .
Surplus, ....
$106,040 00
16,888 22
227 06
855 82
$124,011 10
$124,011 10
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Receipts.
Disbursements.
From dues capital,
interest,
premiums, .
fines, ....
real estate loans repaid,
share loans repaid,
withdrawal profits,
Cash on hand Oct. 31, 1898, .
$32,885 00
6,644 53
374 00
259 58
12,800 00
2,995 00
200 11
7,383 34
For real estate loans, .
share loans, .
dues capital withdrawn,
profits capital withdrawn,
temporary expenses,
Cash on hand Oct. 31, 1899,
$25,700 00
4,870 00
15,313 00
2,265 .16
410 30
14,983 10
$63,541 56
$63,541 56
No. 8.] SAYINGS BANK COMMISSIONERS.
153
Total Amount of Loans at Specified Rates of Interest.
Loans on Real Estate.
Loans on Shakes.
Amount.
Rate.
Amount.
Rate.
Amount.
Rate.
$94,200 00
6,150 00
6.30 per cent.
6.60 "
$200 00
350 00
6.90 per cent.
8.40 "
$7,025 00
500 00
6.30 per cent.
6.90 "
Reconciliation of Share Account with Dues and Profits Capital.
Date op
CO
ID 03
OJ Ui
C9
Issue.
*c
O
CC
>
GO
EH
Nov., 1892, .
1
$105 17
213
$22,401 21
Dues capital, as per gen-
May, 1893, .
2
96 03
93
8,930 79
eral ledger, .
$106,040 00
Nov., 1893, .
3
87 18
126
10,984 68
Profits capital, as per
May, 1894, .
4
78 60
151
11,868 60
general ledger, .
16,888 22
Nov., 1894, .
5
70 29
229
16,096 41
Unpaid dues,
622 00
May, 1895, .
6
62 22
71
4,417 62
Nov., 1895, .
7
54 42
220
11,972 40
May, 1896, .
8
46 88
172
8,063 36
Nov., 1896, .
9
39 54
141
5,575 14
May, 1897, .
10
32 43
153
4,961 79
Nov., 1897, .
11
25 53
337
8,603 61
May, 1898, .
12
18 85
203
3,826 55
Nov., 1898, .
13
12 38
227
2,810 26
May, 1899, .
14
6 10
498
3,037 80
Total,
Total,
•
•
$123,550 22
$123,550 22
Number of shares issued during the year, 734
Number of shares now in force, 2,834
Number of shares now borrowed upon, 771
Largest number of shares held by any one member, .... 25
Number of shares withdrawn during the year, 410
Highest rate of premium or interest received on money sold during the year :
6T3ff per cent.
Lowest rate of premium or interest received on money sold during the year :
6y30 per cent.
Rate of profits distributed : 1st term, 3 per cent. ; 2d term, 3 per cent.
Number of members withdrawn during the year, 44
Present number of members, . . 330
Present number of borrowers, 93
Present number of non-borrowers, 237
Number of loans secured by first mortgage of real estate, ... 70
Number of loans on shares, 23
Largest loan to any one member, $2,000 00
Smallest loan to any one member, 50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, . 430 30
Date of examination by commissioner : April 11.
154
REPORT OF THE
[Pub. Doc.
MILFORD CO-OPERATIVE BANK — MILFORD.
Incorporated March 31, 1887. Commenced business April 1, 1887.
R. C. Eldkidge, President. W. S. V. Cooke, Secretary and Treasurer.
Names of security committee
Clinton R. Scott,
Chester L. Clark,
Lucrus E. Heath,
Daniel J. Cronan.
Regular meetings the first Monday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
Loans on shares, .
Temporary expense account,
Unpaid interest,
Unpaid fines, ....
Cash in hands of treasurer, .
$213,590 00
9,940 00
18 92
2,743 01
150 94
1,945 42
$228,388 29
Dues capital,
Profits capital (all series), .
Interest, ....
Fines,
Transfer fees,
Withdrawal profits,
Guaranty fund, .
Surplus, ....
$189,776 00
34,733 48
1,068 58
28 76
1 00
45 71
1,425 00
1,309 76
$228,388 29
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 51, 1899.
Receipts.
Disbursements.
From dues capital,
$46,485 00
For real estate loans, .
$48,175 00
interest,
12,515 00
share loans, .
6,165 00
fines, ....
335 09
dues capital withdrawn,
16,124 00
transfer fees,
7 00
dues capital retired,
17,194 00
real estate loans repaid,
31,083 00
dues capital matured, .
4,497 00
real estate loans elimi-
profits capital withdrawn,
3,615 20
nated by maturity of
profits capital retired, .
5,104 65
shares,
6,100 00
profits capital matured, .
1,983 36
share loans repaid,
4,370 00
temporary expenses,
730 24
withdrawal profits,
279 89
municipality loan,
3,000 00
municipality loan,
3,000 00
Cash on hand Oct. 31, 1899,
1,945 42
Cash on hand Oct. 31, 1898, .
4,358 89
$108,533 87
$108,533 87
No. 8.] SAYINGS BANK COMMISSIONERS.
155
Total Amount of Loans at Specified Bates of Interest.
Loans on Real Estate.
Loans on Shares.
Amount.
Rate.
Amount.
Rate.
Amount.
Rate.
$150,915 00
11,100 00
21,050 00
7,900 00
10,300 00
5,600 00
6 per cent.
6£ «
6i "
6$ «
H "
6| "
$3,125 00
400 00
1,000 00
800 00
1,400 00
6| per cent.
Rl <(
7
7f "
$8,515 00
100 00
1,125 00
200 00
6 per cent.
6£ "
6£ "
Ik "
Reconciliation of Share Account with Dues and Profits Capital
>-.
e .
aj
Date op
to
<0 as
3
Issue.
*£h
0)
3.C
■a*
5£
J3*
o
CO
>
co
H
April, 1888, .
3
$198 98
14
$2,785 72
Dues capital, as per gen-
Oct., 1888, .
4
187 29
19
3,558 51
eral ledger,
$189,776 00
April, 1889, .
0
175 94
13
2,287 22
Profits capital, as per
Oct., 1889, .
6
164 92
15
2,473 80
general ledger, .
34,733 48
April, 1890, .
7
154 22
13
2,004 86
Unpaid dues,
3,494 00
Oct., 1890, .
8
143 83
6
862 98
April, 1891, .
9
133 75
50
6,687 50
Oct., 1891, .
10
123 96
96
11,900 16
April, 1892, .
11
114 46
162
18,542 52
Oct., 1892, .
12
105 23
157
16,521 11
April, 1893, .
13
96 27
245
23,586 15
Oct., 1893, .
14
-87 57
138
12,084 66
April, 1894, .
15
79 13
360
28,486 80
Oct., 1894, .
16
70 93
216
15,320 88
ADril, 1895, .
17
62 97
232
14,609 04
Oct., 1895, .
18
55 24
101
5,579 24
April, 1896, .
19
47 74
204
9,738 96
Oct., 1896, .
20
40 46
487
19,704 02
April, 1897, .
21
33 39
526
17,563 14
Oct., 1897, .
22
26 52
227
6,020 04
April, 1898, .
23
19 85
225
4,466 25
Oct., 1898, .
24
13 38
139
1,859 82
April, 1899, .
25
7 10
151
1,072 10
Oct., 1899, .
26
1 00
134
134 00
154 00
Total,
Dues paid in
adva
nee, .
•
Total,
$228,003 48
$228,003 48
Number of shares issued during the year, 371
Number of shares now in force, 3,930
Number of shares now borrowed upon, 1,453
Largest number of shares held by any one member, .... 25
Number of shares withdrawn during the year, 288
Number of shares retired during the year, 171
Number of shares matured during the year, 32
Highest rate of premium or interest received on money sold during the year :
6£ per cent.
Lowest rate of premium or interest received on money sold during the year :
6 per cent.
Rate of profits distributed : 1st term, 3 per cent. ; 2d term, 3 per cent.
156 REPORT OF THE [Pub. Doc.
Number of members withdrawn during the year, 63
Present number of members, 603
Present number of borrowers, 227
Present number of non-borrowers, 376
Number of loans secured by first mortgage of real estate, . . . 254
Number of loans on shares, 49
Largest loan to any one member, $3,000 00
Smallest loan to any one member, 50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, . 730 24
Date of examination by commissioner : May 25.
No. 8.] SAVINGS BANK COMMISSIONERS.
157
MT. WASHINGTON CO-OPERATIVE BANK — SOUTH
BOSTON.
Incorporated June 20, 1893. Commenced business June 21, 1893.
Thomas J. Giblin, President. John M. Shea, Secretary and Treasurer.
Names of security committee :
Alfred F. Macdonald, Charles P. Moonet,
John H. Giblin.
Regular meetings the third Wednesday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
$71,700 00
Dues capital,
$76,568 00
Loans on shares, .
9,613 00
Profits capital (all series), .
7,825 47
Permanent expense account,
130 00
Interest, ....
2,403 65
Temporary expense account,
137 90
Premiums, ....
22 72
Unpaid interest,
344 02
Fines,
65 40
Unpaid premiums,
45
Withdrawal profits,
199 36
Unpaid fines, ....
35 24
Forfeiture profits,
4 60
Cash in hands of treasurer, .
5,957 15
Guaranty fund, .
132 42
Surplus, ....
580 34
Forfeited share account,
115 80
$87,917 76
$87,917 76
Detailed Statement of Beceipts and Disbursements for the Year ending
Oct. 31, 1899.
Eeceipts.
Disbursements.
From dues capital,
$28,135 00
For real estate loans, .
$21,150 00
interest,
4,590 14
share loans, .
7,263 00
premiums, .
47 56
dues capital withdrawn,
14,435 00
fines, ....
130 36
dues capital forfeited, .
340 00
transfer fees,
25
profits capital withdrawn,
1,212 65
real estate loans repaid,
7,350 00
profits capital forfeited,
39 55
share loans repaid,
4,572 00
temporary expenses,
273 70
withdrawal profits,
304 02
forfeited shares,
76 45
forfeiture profits, .
9 90
surplus, ....
25
forfeited shares, .
120 25
Cash on hand Oct. 31, 1899,
5,957 15
Cash on hand Oct. 31, 1898, .
5,488 27
$50,747 75
$50,747 75
158
EEPORT OF THE
[Pub. Doc.
Total Amount of Loans at Specified Bales of Interest.
Loans on Real Estate.
Loans on Shares.
Amount.
Eate.
Amount. Eate.
Amount.
Eate.
81,000 00
58,500 00
5.00 per cent.
6.00 "
812,200 00
6.30 per cent.
88.913 00
700 00
6.00 per cent.
6.30 "
Reconciliation of Share Account with Dues and Profits Capital.
»_
_
Date of
CO
o 5
- —
Issue.
"Son
g£
a
m
>
w.
-
June, 1893, .
1
891 08
184
816,758 72 i
Dues capital, as per gen-
Dec, 1893, .
2
82 70
83
6,864 10
eral ledger,
876,568 00
June, 1894, .
3
74 54
47
3,503 38
Profits capital, as per
Dec, 1894, .
4
66 64
83
5,531 12
general ledger, .
7,825 47
June, 1895, .
5
58 98
83
4,895 34
Unpaid dues,
969 00
Oct., 1895, .
6
53 98
101
5,451 98
April, 1896, .
7
46 66
287
13,391 42
Oct., 1896, .
8
39 55
183
7,237 65
April, 1897, .
9
32 65
208
6,791 20
Oct., 1897. .
10
25 95
240
6,228 00
May, 1898, .
11
18 38
157
2,885 66
Not., 1898, .
12
12 10
339
4,101 90
May, 1899, .
13
6 00
282
1,692 00
30 00
Total,
Dues paid in
adva
nee, .
.
Total,
|85,362 47
885,362 47
Number of shares issued during the year, ...... 726
Number of shares now in force, 2,277
Number of shares now borrowed upon, 816
Largest number of shares held by any one member, .... 25
Number of shares withdrawn during the year, . . . . 636
Number of shares forfeited during the year, 20
Highest rate of premium or interest received on money sold during the year :
6 per cent.
Lowest rate of premium or interest received on money sold during the year :
5 per cent.
Rate of profits distributed : 1st term, 3 per cent. ; 2d term, 3 per cent.
Number of members withdrawn during the year, 60
Present number of members, 224
Present number of borrowers, 76
Present number of non-borrowers, 148
Number of loans secured by first mortgage of real estate, ... 38
Number of loans on shares, 77
Largest loan to any one member, . . . 84,200 00
Smallest loan to any one member, 20 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, . 303 70
Date of examination by commissioner: June 9.
No. 8.1 SAVINGS BANK COMMISSIONERS.
159
NEEDHAM CO-OPERATIVE BANK — NEEDHAM.
Incorporated April 21, 1892. Commenced business May 9, 1892.
Albert E. Miller, President. . W. G. Moselet, Secretary and Treasurer.
Names of security committee :
E. G. Pond, John Moseley,
F. G. Clews, F. G. Tuttle,
Howard A. Crossman.
Regular meetings the first Monday after the first Friday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
Loans on shares, .
Cash in hands of treasurer, .
$24,250 00
3,860 00
1,904 16
Dues capital,
Profits capital (all series) , .
Guaranty fund, .
Surplus, ....
$25,109 00
4,258 37
88 00
558 79
$30,014 16
$30,014 16
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Receipts.
Disbursements.
From dues capital,
interest,
premiums, .
fines, ....
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
Cash on hand Oct. 31, 1898, .
$7,954 00
1,563 17
84 75
19 23
75
600 00
2,390 00
85 82
2,540 93
For real estate loans, .
share loans. .
dues capital withdrawn,
profits capital withdrawn,
temporary expenses,
Cash on hand Oct. 31, 1899, .
$7,300 00
2,630 00
2,857 00
473 83
73 66
1,904 16
$15,238 65
$15,238 65
160
REPORT OF THE
[Pub. Doc,
Total Amount of Loans at Specified Rates of Interest.
Loans on Real Estate.
Loans on Shares.
Amount.
Kate.
Amount.
Rate.
Amount.
Rate.
$22,850 00
6.30 per cent.
$1,400 00
6.60 per cent.
$3,860 00
6.30 per cent.
Reconciliation of Share Account with Dues and Profits Capital.
Date op
d3
IS -
B .
-I O
DO O
4> I.
6
s
^"3
Issue.
■3<B
O
0Q
>
{»
EH
May, 1892, .
1
$113 46
75
$8,509 50
Dues capital, as per gen-
Nov., 1892, .
2
104 23
25
2,605 75
eral ledger,
$25,109 00
May, 1893, .
3
95 27
33
3,143 91
Profits capital, as per
Nov., 1893, .
4
86 57
6
519 42
general ledger, .
4,258 37
May, 1894, .
5
78 13
7
546 91
Unpaid dues,
52 00
Nov., 1894, .
6
69 93
31
2,167 83
May, 1895, .
7
61 97
37
2,292 89
Nov., 1895, .
8
54 24
12
650 88
Mav, 1896, .
9
46 74
41
1,916 34
May, 1897, .
11
32 39
102
3,303 78
Nov., 1897, .
12
25 52
19
484 88
May, 1898, .
13
18 85
76
1,432 60
Nov., 1898, .
14
12 38
66
817 08
May, 1899, .
15
6 10
166
1,012 60
15 00
Total, . .
Dues paid in
advance, .
Total,
•
$29,419 37
$29,419 37
Number of shares issued during the year, 262
Number of shares now in force, 696
Number of shares now borrowed upon, 180
Largest number of shares held by any one member, .... 25
Number of shares withdrawn during the year, 86
Highest rate of premium or interest received on money sold during the year :
6 3-10 per cent.
Lowest rate of premium or interest received on money sold during the year :
6 3-10 per cent.
Rate of profits distributed : 1st term, 3 per cent. ; 2d term, 3 per cent.
Number of members withdrawn during the year, 19
Present number of members, 116
Present number of borrowers, 26
Present number of non-borrowers, .90
Number of loans secured by first mortgage of real estate, ... 21
Number of loans on shares, 8
Largest loan to any one member, $2,400 00
Smallest loan to any one member, . . . 130 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, . 73 66
Date of examination by commissioner : January 2.
No. 8.] SAVINGS BANK COMMISSIONERS.
161
NEW BEDFORD CO-OPERATIVE BANK— NEW BEDFORD.
Incorporated July 11, 1881. Commenced business Aug. 19, 1881.
George R. Stetson, President. Charles R. Price, Secretary.
Edgar Lord, Treasurer.
Names of security committee :
Benj. F. Brownell, Lot B. Bates,
William A. Kirby.
Regular meetings the third Friday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
$271,963 25
Dues capital,
$242,100 00
Loans on shares, .
13,575 00
Profits capital (all series), .
53,417 00
Permanent expense account,
200 00
Guaranty fund, .
4,957 48
Real estate by foreclosure, .
2,746 14
Surplus, ....
3,429 98
Unpaid interest, .
1,341 90
Forfeited share account,
133 64
Unpaid dues, ....
1,990 00
Due on mortgage loans,
497 99
Unpaid fines, ....
160 28
Personal accounts,
80 40
Suspense account, .
22 00
Personal accounts,
2,536 03
Cash in hands of treasurer, .
10,081 89
$304,616 49
$304,616 49
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Receipts.
Disbursements.
From dues capital,
$60,017 00
For real estate loans, .
$53,875 00
interest,
18,145 39
share loans, .
12,110 00
fines, ....
480 46
dues capital withdrawn,
43,050 00
transfer fees,
2 75
dues capital forfeited, .
1,122 00
real estate loans repaid,
83,447 94
dues capital retired,
28,562 00
real estate loans elimi-
dues capital matured, .
10,601 00
nated by foreclosure,
1,700 00
profits capital withdrawn,
7,516 79
real estate loans elimi-
profits capital forfeited,
329 43
nated by maturity of
profits capital retired, .
10,471 42
shares,
1,275 00
profits capital matured,
4,565 32
share loans repaid,
13,435 00
temporary expenses,
1,913 58
withdrawal profits,
663 61
forfeited shares, .
1,267 47
forfeiture profits, .
19 94
interest on retired shares,
580 28
forfeited shares, .
1,272 65
profit and loss,
20 37
uncompleted mortgage
suspense account, .
19 00
loans,
9,000 00
uncompleted mortgage
profit and loss,
1 50
loans, ....
9,595 55
real estate by foreclos-
real estate by foreclosure,
1,675 64
ure, ....
1,497 95
personal accounts,
5,730 51
personal accounts,
6,709 24
Cash on hand Oct. 31, 1899,
10,081 89
Cash on hand Oct. 31, 1898, .
5,418 82
$203,087 25
$203,087 25
162
REPORT OF THE
[Pub. Doc.
Total Amount of Loans at Specified Rates of Interest.
Loans on Real Estate.
Loans on Shares.
Amount.
Rate.
Amount.
Rate.
Amount.
Rate.
$45,475 00
1,250 00
143,155 00
20,700 00
5,775 00
7,375 00
11,775 00
5,000 00
1,400 00
4,900 00
4,800 *00
5.50 per cent.
5.75 "
6.06 "
6.12 "
6.18 "
6.24 "
6.30 "
6.36 "
6.42 "
6.48 "
6.54 "
$6,000 00
4,825 00
1,983 25
1,300 00
2,600 00
200 00
1,200 00
500 00
1,600 00
150 00
6.60 per cent.
6.66 «<
6.72 "
6.78 "
6.84 "
6.96 "
7.02 "
7.08 "
7.14 "
7.56 "
$7,335 00
715 00
4,120 00
890 00
30 00
120 00
20 00
140 00
60 00
60 00
35 00
50 00
5.50 per cent.
5.75 "
6.06 "
6.12 "
6.18 "
6.24 "
6.30 "
6.36 "
6.54 "
6.72 «
6.84 "
6.96 "
Reconciliation of Share Account with Dues and Profits Capital.
Date of
S3
u
a> es
c .
a> ui
a
Issue.
*c
■3 go
oSj>.
O
GO
>
OO
H
May, 1888, .
15
$198 12
3
$594 36
Dues capital, as per gen-
Nov., 1888, .
16
186 30
64
11,923 20
eral ledger,
$242,100 00
May, 1889, .
17
174 84
107
18,707 88
Profits capital, as per
Nov., 1889, .
18
163 75
118
19,322 50
general ledger, .
53,417 00
May, 1890, .
19
153 00
126
19,278 00
Nov., 1890, .
20
142 60
127
18,110 20
May, 1891, .
21
132 52
127
16,830 04
Nov., 1891, .
22
122 74
145
17,797 30
-
May, 1892, .
23
113 23
126
14,266 98
Nov., 1892, .
24
104 03
148
15,396 44
May, 1893, .
25
95 09
163
15,499 67
Nov., 1893, .
26
86 40
214
18,489 60
May, 1894, .
27
77 97
127
9,902 19
Nov., 1894, .
28
69 79
181
12,631 99
May, 1895, .
29
61 84
172
10,636 48
Nov., 1895, .
30
54 13
218
11,800 34
May, 1896, .
31
46 65
315
14,694 75
Nov., 1896, .
32
39 38
394
15,515 72
May, 1897, .
33
32 32
355
11,473 60
Nov., 1897, .
34
25 48
298
7,593 04
May, 1898, .
35
18 84
402
7,573 68
Nov., 1898, .
36
12 38
338
4,184 44
May, 1899, .
37
6 10
486
2,964 60
330 00
Total,
Dues paid in
adva
nee, .
•
Total,
$295,517 00
$295,517 00
Number of shares issued during the year,
Number of shares now in force, . . . •
Number of shares now borrowed upon, .
Largest number of shares held by any one member,
Number of shares withdrawn during the year,
Number of shares forfeited during the year, .
Number of shares retired during the year,
. 889
4,754
1,917
. 25
1,036
. 13
. 234
No. 8.] SAVINGS BANK COMMISSIONERS. 163
Number of shares matured during the year, 76
Highest rate of premium or interest received on money sold during the year :
2 cents premium.
Lowest rate of premium or interest received on money sold during the year :
5£ per cent.
Rate of profits distributed : 1st term, 2g per cent. ; 2d term, 2£ per cent.
Number of members withdrawn during the year, 149
Present number of members 649
Present number of borrowers, . 261
Present number of non-borrowers, 388 '
Number of loans secured by first mortgage of real estate, . . . 187
Number of loans on shares, 74
Largest loan to any one member, $4,900 00
Smallest loan to any one member, 10 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, . 1,963 58
Date of examination by commissioner : June 29.
164
REPORT OF THE
[Pub. Doc.
NEWBURYPOET CO-OPERATIVE BANK-NEWBURY-
PORT.
Incorporated March 15, 1888. Commenced business April 9, 1888.
W. Herbert Notes, President. George E. Sticknet, Secretary and Treasurer.
Names of security committee :
Leonard N. Kent, W. Herbert Notes,
L. F. Barton.
Regular meetings the second Monday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
Loans on shares, .
Temporary expense account,
Suspense account, .
Furniture and fixtures, .
Real estate, ....
Cash in hands of treasurer, .
£157,225 00
2,350 00
114 55
1,343 23
200 00
210 68
8,565 37
Dues capital,
Profits capital (all series), .
Interest, ....
Premiums, ....
Fines,
Guaranty fund, .
Surplus, ....
$136,753 00
29,098 95
918 63
54 65
53 62
1,335 00
1,794 98
$170,008 83
$170,008 83
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 51, 1899.
Receipts.
Disbursements.
From dues capital, . . '
interest,
premiums, .
fines, ....
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
Cash on hand Oct. 31, 1898, .
$34,579 00
9,457 83
573 79
284 31
75
18,700 00
1,500 00
176 17
1,208 78
For real estate loans, .
share loans, .
dues capital withdrawn,
dues capital retired,
profits capital withdrawn,
profits capital retired, .
temporary expenses,
Cash on hand Oct. 31, 1899,
$16,900 00
575 00
11,6Q7 00
20,359 00
2,293 04
5,105 89
1,075 33
8,565 37
'
$66,480 63
$66,480 63
No. 8.] SAVINGS BANK COMMISSIONERS.
165
Total Amount of Loans at Specified Rates of Interest.
Loans on Real Estate.
Amount.
Rate.
$145,125 00
2,000 00
1,550 00
6.30 per cent.
6.60 "
6.90 "
Amount.
$3,100 00
3,150 00
2,300 00
Rate.
7.20 per cent.
7.50 "
7.80 "
Loans on Shakes.
Amount.
$2,350 00
Rate.
6.30 per cent.
Reconciliation of Share Account with Dues and Profits Capital.
Date of
to
It
c .
9 "
3
^"3
Issue.
"u
3^5
GG
>
t»
H
Oct., 1888, .
2
$187 29
15
$2,809 35
Dues capital, as per gen-
April, 1889, .
3
175 94
54
9,500 76
eral ledger,
$136,753 00
Oct., 1889, .
4
164 92
68
11,214 56
Profits capital, as per
April, 1890, .
5
154 22
59
9,098 98
general ledger, .
29,098 95
Oct., 1890, .
6
143 83
83
11,937 89
Unpaid dues,
1,644 00
April, 1891, .
7
133 75
95
12,706 25
Oct., 1891, .
8
123 96
57
7,065 72
April, 1892, .
9
114 46
86
9,843 56
Oct., 1892, .
10
105 23
81
8,523 63
April, 1893, .
11
96 27
79
7,605 33
Oct., 1893, .
12
87 57
77
6,742 89
April, 1894, .
13
79 13
97
7,675 61
Oct., 1894, .
14
70 93
102
7,234 86
April, 1895, .
15
62 97
173
10,893 81
Oct., 1895, .
16
55 24
115
6,352 60
April, 1896, .
17
47 74
195
9,309 30
Oct., 1896, .
18
40 46
162
6,554 52
April, 1897, .
19
33 39
137
4,574 43
Oct., 1897, .
20
26 52
272
7,213 44
April, 1898, .
21
19 85
252
5,002 20
Oct., 1898, .
22
13 38
252
3,371 76
April, 1899, .
23
7 10
285
2,023 50
Oct., 1899, .
24
1 00
241
241 00
Total, .
Total
$167,495 95
$167,495 95
Number of shares issued during the year, 562
Number of shares now in force, 3,037
Number of shares now borrowed upon, 861
Largest number of shares held by any one member 25
Number of shares withdrawn during the year, 275
Number of shares retired during the year, 311
Highest rate of premium or interest received on money sold during the year :
5 cents premium.
Lowest rate of premium or interest received on money sold during the year :
5 cents premium.
Rate of profits distributed : 1st term, 3 per cent. ; 2d term, 3 per cent.
Number of members withdrawn during the year, 89
Present number of members, 445
Present number of borrowers, 120
Present number of non-borrowers, 325
Number of loans secured by first mortgage of real estate, . . .126
Number of loans on shares, 9
Largest loan to any one member, $5,000 00
Smallest loan to any one member, 50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, . 1,075 33
Date of examination by commissioner : October 17.
166
REPORT OF THE
[Pub. Doc.
NEWTON CO-OPERATIVE BANK — NEWTON VILLE.
Incorporated June 14, 1888. Commenced business Sept. 4, 1888.
Francis A. Dewson, President. J. Cheever Fuller, Secretary and Treasurer.
Names of security committee :
J. W. French,
F. J. Hale,
T. B. FlTZPATRICK,
G. F. Simpson.
Regular meetings the first Tuesday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
Loans on shares, .
Temporary expense account,
Real estate by foreclosure, .
Cash in hands of treasurer, .
$490,500 00
17,330 00
505 64
2,500 00
389 92
Dues capital,
Profits capital (all series) , .
Interest, . .
Premiums, ....
Fines,
Withdrawal profits,
Guaranty fund, .
Surplus, ....
$433,622 00
65,352 73
4,785 16
200 45
108 44
384 29
3,900 00
2,872 49
$511,225 56
$511,225 56
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Receipts.
Disbursements.
From dues capital,
$146,726 00
For real estate loans, .
$196,450 00
interest,
26,594 20
share loans, .
17,155 00
premiums, .
1,378 57
dues capital withdrawn,
79,933 00
fines, ....
549 95
dues capital retired,
55,825 00
real estate loans repaid,
180,475 00
profits capital withdrawn,
10,971 06
real estate loans elimi-
profits capital retired, .
14,778 00
nated by foreclosure,
4,600 00
temporary expenses,
3,290 30
share loans repaid,
17,805 00
interest on retired shares,
614 12
withdrawal profits,
1,372 19
security committee,
90 00
security committee,
90 00
real estate by foreclosure,
4,600 00
real estate by foreclos-
Cash on hand Oct. 31, 1899, .
389 92
ure, ....
2,100 00
Cash on hand Oct. 31, 1898, .
2,405 49
$384,096 40
$384,096 40
No. 8.] SAVINGS BANK COMMISSIONERS.
167
Total Amount of Loans at Specified Bates of Interest.
Loans on Real Estate.
Loans on Shares.
Amount.
Rate.
Amount.
Rate.
Amount.
Rate.
$40,000 00
65,000 00
93,000 00
266,200 00
5.50 per cent.
5.70 "
6.00 "
6.30 "
$21,700 00
2,100 00
2,500 00
6.60 per cent.
6.90 "
7.50 "
$14,000 00
3,330 00
6.00 per cent.
6.30 "
Reconciliation of Share Account with Dues and Profits Capital.
Date of
09
eper
are.
c .
o> u
6
3
i-i'cS
Issue.
'u
S3 °
o
w
>
02
H
Sept., 1888, .
1
$186 99
80
$14,959 20
Dues capital, as per gen-
Mar., 1889, .
2
175 71
81
14,232 51
eral ledger,
$433,622 00
Sept., 1889, .
3
164 77
52
8,568 04
Profits capital, as per
Mar., 1890, .
4
154 16
95
14,645 20
general ledger, .
65,352 73
Sept., 1890, .
5
143 86
92
13,235 12
Unpaid dues,
3,946 00
Mar., 1891, .
6
133 85
86
11,511 10
Sept., 1891, .
7
124 12
142
17,625 04
Mar., 1892, .
8
114 69
228
26,149 32
Sept., 1892, .
9
105 53
118
12,452 54
Mar., 1893, .
10
96 64
254
24,546 56
Sept., 1893, .
11
88 00
207
18,216 00
Mar., 1894, .
12
79 62
335
26,672 70
Sept., 1894, .
13
71 48
421
30,093 08
Mar., 1895, .
14
63 58
568
36,113 44
Sept., 1895, .
15
55 91
479
26,780 89
,
Mar., 1896, .
16
48 46
1,019
49,380 74
Sept., 1896, .
17
41 22
719
29,637 18
Mar., 1897, .
18
34 21
1,119
38,280 99
Sept., 1897, .
19
27 40
1,029
28,194 60
Mar., 1898, .
20
20 78
1,236
25,684 08
Sept., 1898, .
21
14 35
1,472
21,123 20
Mar., 1899, .
22
8 09
1,480
11,973 20
Sept., 1899, .
23
2 00
970
1,940 00
906 00
Total, ....
Dues paid in
adva
nee, .
•
Total,
$502,920 73
$502,920 73
Number of shares issued during the year, 3,335
Number of shares now in force, 12,282
Number of shares now borrowed upon, 2,993
Largest number of shares held by any one member, .... 25
Number of shares withdrawn during the year, .... 2,664
Number of shares retired during the year, 635
Highest rate of premium or interest received on money sold during the year :
6 3-10 per cent.
Lowest rate of premium or interest received on money sold during the year :
5£ per cent.
Rate of profits distributed : 1st term, 2| per cent. ; 2d term, 2| per cent.
Number of members withdrawn during the year, 225
Present number of members, 1,238
Present number of borrowers, 286
Present number of non-borrowers, 952
Number of loans secured by first mortgage of real estate, . . . 239
Number of loans on shares, 57
Largest loan to any one member, $5,000 00
Smallest loan to any one member, 25 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, . 3,290 30
Date of examination by commissioner : March 10.
168
REPORT OF THE
[Pub. Doc.
NORTH ABINGTON CO-OPERATIVE BANK — NORTH
ABINGTON.
Incorporated March 23, 1888. Commenced business April 4, 1888.
William E. Lyon, President. Ernest W. Calkins, Secretary.
Edward P. Boynton, Treasurer.
Names of security committee :
Joseph. L. Greenwood, Samuel N. Turner,
Eliphalet R. Bates.
Regular meetings the first "Wednesday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
Loans on shares, .
Temporary expense account,
Unpaid interest,
Unpaid premiums,
Unpaid fines, . . . .
Cash in hands of secretary, .
Cash in hands of treasurer, .
Dues capital,
Profits capital (all series) ,
Interest,
Premiums, .
Fines, .
Withdrawal profits,
Guaranty fund, .
Surplus,
Forfeited share account,
165,100 00
14,785 12
404 29
20 60
21 30
15 09
340 00
1,692 71
5 92
$82,385 03
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Receipts.
Disbursements.
From dues capital,
$16,806 00
■ For real estate loans, .
$18,500 00
interest,
4,408 84
share loans, .
1,150 00
premiums, .
223 25
dues capital withdrawn,
6,715 00
fines, ....
206 79
dues capital forfeited, .
•54 00
transfer fees,
1 00
dues capital retired,
2,418 00
real estate loans repaid,
8,600 00
profits capital withdrawn,
947 98
share loans repaid,
1,800 00
profits capital forfeited,
4 78
withdrawal profits,
235 10
profits capital retired, .
959 86
forfeiture profits, .
1 20
temporary expenses,
316 34
forfeited shares, .
4 34
fixtures,
27 42
tax account,
20 89
Cash on hand Oct. 31, 1899,
6,376 11
Cash on hand Ott. 31, 1898, .
5,162 08
$37,469 49
$37,469 49
No. 8.] SAVINGS BANK COMMISSIONERS.
169
Total Amount of Loans at Specified Rates of Interest.
Loans on Real Estate.
Loans on Shares.
Amount.
Rate.
Amount.
Rate.
Amount.
Rate.
$74,500 00
6.30 per cent.
-
-
$1,100 00
6.30 per cent.
Reconciliation of Share Account with Dues and Profits Capital.
Date of
00
u
a
a, <V
a
Issue.
•2
sxi
o3 O
S>
O)
oj «2
■cEh
o
<c
>
02
H
April, 1888, .
1
$198 98
24
$4,775 52
Dues capital, as per gen-
Oct., 1888, .
2
187 29
24
4,494 96
eral ledger,
$65,100 00
April, 1889, .
3
175 94
34
5,981 96
Profits capital, as per
Oct., 1889, .
4
164 92
36
5,937 12
general ledger, .
14,785 12
April, 1890, .
5
154 22
21
3,238 62
Unpaid dues,
526 00
Oct., 1890, .
6
143 83
25
3,595 75
April, 1891, .
7
133 75
50
6,687 50
Oct., 1891, .
8
123 96
5
619 80
April, 1892, .
9
114 46
26
2,975 96
Oct., 1892, .
10
105 23
55
5,787 65
April, 1893, .
11
96 27
32
3,080 64
Oct., 1893, .
12
87 57
10
875 70
April, 1894, .
13
79 13
63
4,985 19
Oct., 1894, .
14
70 93
33
2,340 69
April, 1895, .
15
62 97
40
2,518 80
Oct., 1895, .
16
55 24
44
2,430 56
April, 1896, .
17
47 74
113
5,394 62
Oct., 1896, .
18
40 46
28
1,132 88
April, 1897, .
19
33 39
152
5,075 28
Oct., 1897, .
20
26 52
98
2,598 96
April, 1898, .
21
19 85
146
2,898 10
Oct., 1898, .
22
13 38
82
1,097 16
April, 1899, .
23
7 10
247
1,753 70
Oct., 1899, .
24
1 00
132
132 00
2 00
Total, .
Dues paid in
adva
nee, .
•
Total,
$80,411 12
$80,411 12
Number of shares issued during the year, 433
Number of shares now in force, . . . . . . . 1,520
Number of shares now borrowed upon, 408
Largest number of shares held by any one member, .... 25
Number of shares withdrawn during the year, 202
Number of shares forfeited during the year 2
Number of shares retired during tbe year, 19
Highest rate of premium or interest received on money sold during the year :
5 cents premium.
Lowest rate of premium or interest received on money sold during the year :
5 cents premium.
Rate of profits distributed : 1st term, 3 per cent. ; 2d term, 3 per cent.
Number of members withdrawn during the year, 38
Present number of members, 279
Present number of borrowers, 80
Present number of non-borrowers, 199
Number of loans secured by first mortgage of real estate, ... 83
Number of loans on shares, 5
Largest loan to any one member, $2,600 00
Smallest loan to any one member, 50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, . 316 34
Date of examination by commissioner : April 3.
170
REPORT OF THE
[Pub. Doc.
NORTHAMPTON CO-OPERATIVE BANK — NORTH-
AMPTON.
Incorporated May 21, 1889. Commenced business May 24, 1889.
E. C. Davis, President. H. R. Graves, Secretary.
L. L. Campbell, Treasurer.
Names of security committee :
C S. Crouch, L. L. Campbell,
S. R. Cooley.
Regular meetings the first Monday of each month.
Balance Sheet Oct. 81, 1899.
Assets.
Liabilities.
Loans on real estate,
Loans on shares, .
Real estate by foreclosure, .
Unpaid interest,
Unpaid premiums,
Unpaid fines, ....
Unpaid dues, ....
Cash in hands of secretary, .
Cash in hands of treasurer, .
$214,050 00
5,770 00
4,303 81
1,379 94
107 65
286 95
1,969 00
23 08
2,817 29
$230,707 72
Dues capital,
Profits capital (all series) , .
Guaranty fund, .
Surplus, ....
Forfeited share account,
$190,229 00
38,150 91
594 59
1,650 02
83 20
$230,707 72
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Receipts.
Disbursements.
From dues capital,
$55,656 00
For real estate loans, .
$71,800 00
interest,
11,462 91
share loans, .
4,175 00
premiums, .
619 97
dues capital withdrawn,
18,955 00
fines, ....
298 41
dues capital forfeited, .
140 00
transfer fees,
1 75
dues capital retired,
5,337 00
real estate loans repaid,
36,500 00
profits capital withdrawn,
2,493 03
real estate loans elimi-
profits capital retired, .
1,044 95
nated by foreclosure,
1,800 00
temporary expenses,
909 62
share loans repaid, * .
1,667 00
forfeited shares, .
169 17
withdrawal profits,
224 31
interest on retired shares,
67 15
forfeited shares, .
143 80
repairs and expenses, .
80 22
rent, ....
126 00
taxes and insurance,
73 41
Cash on hand Oct. 31, 1898, .
1,384 77
real estate by foreclosure,
1,800 00
Cash on hand Oct. 31, 1899,
2,840 37
$109,884 92
$109,884 92
No. 8.] SAVINGS BANK COMMISSIONERS.
171
Total Amount of Loans at Specified Bates of Interest.
Loans on Real Estate.
Loans on Shares.
Amount.
Kate.
Amount.
Rate.
Amount.
Rate.
$73,000 00
6.00 per cent.
$2,000 00
7.20
per cent.
$5,270 00
6.00 per cent.
109,600 00
6.30 "
1,300 00
7.50
(«
500 00
6.30 "
14,450 00
6.60 "
1,600 00
8.10
<«
11,500 00
6.90 «
600 00
8.70
«
Reconciliation of Share Account with Dues and Profits Capital.
Date of
t»
a .
GO £3
GO
s
I8SUE.
*E
3-°
"3 GO
3 °
83 ►>
O
02
>
so
EH
June, 1889, .
1
$173 33
96
$16,639 68
Dues capital, as per gen-
Dec, 1889, .
2
162 52
89
14,464 28
eral ledger, .
$188,260 00
June, 1890, .
3
151 91
61
9,266 51
Profits capital, as per
Dec., 1890, .
4
141 58
77
10,901 66
general ledger, .
38,150 91
June, 1891, .
5
131 51
98
12,887 98
Unpaid dues,
1,969 00
Nov., 1891, .
6
123 11
116
14,280 76
May, 1892, .
7
113 71
102
11,598 42
Nov., 1892, .
8
104 42
139
14,514 38
May, 1893, .
9
95 41
135
12,880 35
Nov., 1893, .
10
86 68
66
5,720 88
May, 1894, .
11
78 23
89
6,962 47
Nov., 1894, .
12
70 00
179
12,530 00
May, 1895, .
13
62 03
228
14,142 84
Nov., 1895, .
14
54 28
255
13,841 40
May, 1896, .
15
46 76
184
8,603 84
Nov., 1896, .
16
39 47
193
7,617 71
May, 1897, .
17
32 39
297
9,619 83
Nov., 1897, .
18
25 52
415
10,590 80
May, 1898, .
19
18 85
424
7,992 40
Nov., 1898, .
20
12 38
679
8,406 02
May, 1899, .
21
6 10
757
4,617 70
300 00
Dues paid in advance, .
•
Total,
.
•
$228,379 91
Total
> • •
•
$228,379 91
Number of shares issued during the year 1,543
Number of shares now in force, 4,679
Number of shares now borrowed upon, 1,280
Largest number of shares held by any one member, .... 25
Number of shares withdrawn during the year, 686
Number of shares forfeited during the year, 10
Number of shares retired during the year, 71
Highest rate of premium or interest received on money sold during the year :
45 cents premium.
Lowest rate of premium or interest received on money sold during the year :
6 per cent.
Rate of profits distributed : 1st term, 3 per cent. ; 2d term, 3 per cent.
Number of members withdrawn during the year, 79
Present number of members, 672
Present number of borrowers, 203
Present number of non-borrowers, 469
Number of loans secured by first mortgage of real estate, . . . 173
Number of loans on shares, 40
Largest loan to any one member, $4,400 00
Smallest loan to any one member, 10 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, . 909 62
Date of examination by commissioner : June 26.
172
REPORT OF THE
[Pub. Doc,
NORTH DIGHTON CO-OPERATIVE BANK — NORTH
DIGHTON.
Incorporated April 14, 1890. Commenced business April 21, 1890.
Joseph Philbricx, President. Nathaniel R. Lincoln, Secretary.
Edward Lincoln, Treasurer.
Names of security committee :
Edward Almy, Otis N. Walker,
E. E. Lincoln.
Regular meetings the second Monday of each month.
Balance Sheet Oct. 31, 1899.
A8SETS.
Liabilities.
Loans on real estate,
Loans on shares, .
Temporary expense account,
Unpaid interest,
Unpaid premiums,
Unpaid fines, ....
Pass book account,
Town notes, ....
Cash in hands of treasurer, .
$46,400 00
850 00
65 75
33 00
1 25
16 99
18 90
2,000 00
3,083 43
Dues capital,
Profits capital (all series) , .
Interest, ....
Premiums, ....
Fines,
Guaranty fund, .
Surplus, ....
Forfeited share account,
$42,502 00
7,576 20
1,518 85
78 60
27 40
299 20
401 34
65 73
$52,469 32
$52,469 32
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 51, 1899.
Receipts.
DlSBOHSEMENTS.
From dues capital,
$11,443 00
For real estate loans, .
$11,500 00
interest,
2,871 27
share loans, .
995 00
premiums, .
147 58
dues capital withdrawn,
5,916 00
fines, ....
63 59
dues capital forfeited, .
433 00
real estate loans repaid,
11,625 00
dues capital retired,
2,821 00
share loans repaid,
905 00
profits capital withdrawn,
909 38
forfeited shares, .
465 93
profits capital forfeited, .
32 93
town notes, .
600 00
profits capital retired, .
885 30
pass book account,
1 30
temporary expenses,
129 64
Cash on hand Oct. 31, 1898, .
983 21
forfeited shares, .
400 20
town notes, .
2,000 00
-
Cash on hand Oct. 31, 1899,
3,083 43
$29,105 88
$29,105 88
No. 8.] SAVINGS BANK COMMISSIONERS.
173
Total Amount of Loans at Specified Rates of Interest.
Loans on Keal Estate.
Loans on Shares.
Amount.
Rate.
Amount.
Rate.
Amount.
Rate.
$46,400 00
6.30 per cent.
-
-
$850 00
6.30 per cent.
Reconciliation of Share Account with Dues and Profits Capital.
Date op
o5
u
05 OS
■"" oj
CO o
CD M
^"3
Issue.
73
3*
■goo
-1-1 1"^
o
CO
>
GQ
EH
April, 1890, .
1
$149 05
127
$18,929 35
Dues capital, as per gen-
April, 1891, .
2
129 58
32
4,146 56
eral ledger,
$42,502 00
April, 1892, .
3
111 00
32
3,552 00
Profits capital, as per ,
April, 1893, .
4
93 42
21
1,961 82
general ledger, .
7,576 20
April, 1894, .
5
76 84
25
1,921 00
Unpaid dues,
97 00
April, 1895, .
6
61 20
99
6,058 80
April, 1896, .
7
46 44
101
4,690 44
April, 1897, .
8
32 52
125
4,065 00
April, 1898, .
9
19 39
157
3,044 23
April, 1899, .
10
7 00
258
1,806 00
Total,
Total,
•
•
$50,175 20
$50,175 20
Number of shares issued during the year, 268
Number of shares now in force, 977
Number of shares now borrowed upon, 314
Largest number of shares held by any one member, .... 25
Number of shares withdrawn during the year, 184
Number of shares forfeited during the year, 17
Number of shares retired during the year, 26
Highest rate of premium or interest received on money sold during the year:
5cent8 premium.
Lowest rate of premium or interest received on money sold during the year :
5 cents premium.
Rate of profits distributed : 6 per cent.
Number of members withdrawn during the year, 15
Present number of members, 153
Present number of borrowers, 52
Present number of non-borrowers, "* . 101
Number of loans secured by first mortgage of real estate, ... 46
Number of loans on shares, 7
Largest loan to any one member, $2,000 00
Smallest loan to any one member, 20 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, . 129 64
Date of examination by commissioner : July 20.
174
REPORT OF THE
[Pub. Doc.
NORTH EASTON CO-OPERATIVE BANK — NORTH
EASTON.
Incorporated April 23, 1889. Commenced business April 23, 1889.
L. B. Crockett, President. William H. Clements, Secretary and Treasurer.
Names of security committee :
Edward R. Hayward, S. K. Kelley,
George H. DeWitt.
Regular meetings the third Monday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
$102,300 00
1
Dues capital,
$87,128 00
Loans on shares, .
3,675 00
Profits capital (all series), .
19,067 58
Temporary expense account,
20 00
Interest, ....
559 47
Unpaid interest,
801 75
Premiums, ....
32 48
Unpaid premiums,
35 07
Fines,
44 08
Unpaid fines, ....
75 50
Withdrawal profits,
6 86
Cash in hands of treasurer, .
2,725 23
Guaranty fund, .
1,234 12
i
Surplus, ....
1,544 62
Forfeited share account,
15 34
§109,632 55
$109,632 55
Detailed Statement of Beceipts and Disbursements for the Year ending
Oct. 31, 1899.
Receipts.
Disbursements.
From dues capital,
$21,817 00
For real estate loans, .
$25,950 00
interest,
5,892 31
share loans, .
4,780 00
premiums, .
362 32
dues capital withdrawn,
5,316 00
fines, ....
253 93
dues capital forfeited, .
332 00
transfer fees,
1 25
dues capital retired,
10,579 00
real estate loans repaid,
12,800 00
profits capital withdrawn,
725 72
real estate loans elimi-
profits capital forfeited, .
42 39
nated by foreclosure,
2,600 00
profits capital retired, .
2,567 07
share loans repaid,
4,900 00
temporary expenses,
374 88
withdrawal profits,
183 49
permanent expenses,
7 92
forfeiture profits, .
20 59
interest on retired shares,
265 31
retired share account, .
12,876 38
retired share account, .
12,876 38
real estate by foreclos-
real estate by foreclosure,
2,489 80
ure, ....
3,610 80
Cash on hand Oct. 31, 1899,
2,725 23
Cash on hand Oct. 31, 1898, .
3,713 63
$69,031 70
$69,031 70
No. 8.] SAVINGS BANK COMMISSIONERS.
175
Total Amount of Loans at Specified Rates of Interest.
Loans on Real Estate.
Loans on Shaees.
Amount.
Rate.
Amount.
Rate.
Amount.
Rate.
$5,750 00
6.00 per cent.
$1,500 00
7.20
per cent.
$3,675 00
6.30 per cent.
80,750 00
6.30 "
1,800 00
7.50
u
7,000 00
6.60 "
900 00
8.10
u
4,600 00
6.90 "
Reconciliation of Share Account with Dues and Profits Capital.
Date of
CO
u
CO O
Q
3
Issue.
"C
SJ3
■3«j
S3 £,
eSK.
O
CO
>
CO
EH
April, 1889, .
1
$183 09
5
$915 45
Dues capital, as per gen-
Oct., 1889, .
2
171 27
14
2,397 78
eral ledger,
$87,128 00
April, 1890, .
3
159 80
22
3,515 60
Profits capital, as per
Oct., 1890, .
4
148 66
8
1,189 28
general ledger, .
19,067 58
April, 1891, .
5
137 86
57
7,858 02
Unpaid dues,
988 00
Oct., 1891, .
6
127 46
56
7,137 76
April, 1892, .
7
117 36
99
11,618 64
Oct., 1892, .
8
107 67
109
11,736 03
April, 1893, .
9
98 25
92
9,039 00
Oct., 1893, .
10
89 16
69
6,152 04
April, 1894, .
11
80 39
115
9,244 85
Oct., 1894, .
12
71 89
103
7,404 67
April, 1895, .
13
63 68
61
3,884 48
Oct., 1895, .
14
55 78
67
3,737 26
April, 1896, .
15
48 10
88
4,232 80
Oct., 1896, .
16
40 71
108
4,396 68
April, 1897, .
17
33 54
96
3,219 84
Oct., 1897, .
18
26 61
103
2,740 83
April, 1898, .
19
19 90
144
2,865 60
Oct., 1898, .
20
13 41
148
1,984 68
April, 1899, .
21
7 11
239
1,699 29
Oct., 1899, .
22
1 00
166
166 00
47 00
Dues paid in advance, .
Total,
.
$107,183 58
Total
> • •
•
$107,183 58
Number of shares issued during the year, 480
Number of shares now in force, 1,969
Number of shares now borrowed upon, ....... 575
Largest number of shares held by any one member, .... 25
Number of shares withdrawn during the year, 188
Number of shares forfeited during the year, 13
Number of shares retired during the year, 120
Highest rate of premium or interest received on money sold during the year :
5 cents premium.
Lowest rate of premium or interest received on money sold during the year :
5 cents premium.
Rate of profits distributed : 1st term, 3 per cent. ; 2d term 3^ per cent.
Number of members withdrawn during the year, 14
Present number of members 292
Present number of borrowers, Ill
Present number of non-borrowers, 181
Number of loans secured by first mortgage of real estate, . . . 116
Number of loans on shares, 10
Largest loan to any one member, $2,800 00
Smallest loan to any one member, 25 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, . 382 80
Date of examination by commissioner ; May 29.
176
REPORT OF THE
[Pub. Doc.
NORWOOD CO-OPERATIVE BANK- NORWOOD.
Incorporated Sept. 20, 1889. Commenced business Oct. 1, 1889.
Francis O. Winslow, President. Irving S. Fogg, Secretary and Treasurer.
Names of security committee :
Tyler Thayer, Edmund J. Shattuck,
George W. Gay.
Regular meetings the first Tuesday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
Loans on shares, .
Unpaid fines, ....
Personal account, .
Cash in hands of treasurer, .
$129,415 00
2,629 00
34 38
614 91
14,319 90
$147,013 19
Dues capital,
Profits capital (all series), .
Interest, . . .
Premiums
Withdrawal profits,
Guaranty fund, .
Surplus, ....
$121,907 00
21,607 12
133 82
6 10
60 69
475 00
2,823 46
$147,013 19
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Receipts.
Disbursements.
From dues capital,
$37,619 00
For real estate loans, .
$25,050 00
interest,
7,522 70
share loans, .
2,379 00
premiums, .
370 75
dues capital withdrawn,
15,320 00
fines, ....
194 20
dues capital forfeited, .
412 00
transfer fees,
75
dues capital retired,
5,509 00
real estate loans repaid,
12,900 00
profits capital withdrawn,
1,608 64
share loans repaid,
1,540 00
profits capital forfeited,
83 23
withdrawal profits,
404 85
profits capital retired, .
1,659 90
forfeiture profits, .
20 78
temporary expenses,
407 84
personal account,
659 74
interest on retired shares,
140 50
Cash on hand Oct. 31, 1898, .
6,303 55
personal accounts,
646 31
Cash on hand Oct. 31, 1899,
14,319 90
$67,536 32
$67,536 32
No. 8.] SAVINGS BANK COMMISSIONERS.
177
Total Amount of Loans at Specified Rates of Interest.
Loans on Real Estate.
Loans on Shakes.
Amount.
Kate.
Amount.
Rate.
Amount.
Rate.
$129,415 00
6.30 per cent.
-
-
$855 00
1,774 00
6.00 per cent.
6.30 "
Reconciliation of Share Account with Dues and Profits Capital.
Date of
00
u
a .
CO O
6
Issue.
fr4
"3 so
b °
O
CO
>
cc
H
Oct., 1889, .
1
$164 92
49
$8,081 08
Dues capital, as per gen-
April, 1890, .
2
154 22
58
8,944 76
eral ledger,
$121,907 00
Oct., 1890, .
3
143 83
14
2,013 62
Profits capital, as per
April, 1891, .
4
133 75
35
4,681 25
general ledger, .
21,607 12
Oct., 1891, .
5
123 96
97
2,024 12
Unpaid dues,
1,098 00
April, 1892, .
6
114 46
69
7,897 74
Oct., 1892, .
7
105 23
85
8,944 55
April, 1893, .
8
96 27
89
8,568 03
Oct., 1893, .
9
87 57
76
6,655 32
April, 1894, .
10
79 13
80
6,330 40
Oct., 1894, .
11
70 93
78
5,532 54
April, 1895, .
12
62 97
200
12,594 00
Oct , 1895, .
13
55 24
108
5,965 92
April, 1896, .
14
47 74
195
9,309 30
Oct., 1896, .
15
40 46
139
5,623 94
April, 1897, .
16
33 39
279
9,315 81
Oct., 1897, .
17
26 52
302
8,009 04
April, 1898, .
18
19 85
370
7,344 50
Oct., 1898, .
19
13 38
255
3,411 90
April, 1899, .
20
7 10
413
2,932 30
Oct., 1899, .
21
1 00
361
361 00
71 00
Total,
Dues paid in
adva
nee, .
Total,
$144,612 12
$144,612 12
Number of shares issued during the year, 950
Number of shares now in force, 3,352
Number of shares now borrowed upon, 729
Largest number of shares held by any one member, .... 25
Number of shares withdrawn during the year, 658
Number of shares forfeited during the year, 8
Number of shares retired during the year, 50
Highest rate of premium or interest received on money sold during the year :
6 3-10 per cent.
Lowest rate of premium or interest received on money sold during the year:
6 per cent.
Rate of profits distributed : 1st term, 3 per cent. ; 2d term, 3 per cent.
Number of members withdrawn during the year, 92
Present number of members, 527
Present number of borrowers 119
Present number of non-borrowers, 408
Number of loans secured by first mortgage of real estate, . . . 126
Number of loans on shares, 19
Largest loan to any one member $5,000 00
Smallest loan to any one member 10 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, . 414 34
Date of examination by commissioner : September 1.
178
REPORT OF THE
[Pub. Doc.
ORANGE CO-OPERATIVE BANK -ORANGE.
Incorporated Jan. 8, 1889. Commenced business Jan. 23, 1889.
Frank S. Ewing, President. Elisha S. Hall, Secretary and Treasurer.
\
Names of security committee :
John L. Williams, Zenas W. Lamb,
Adelbert W. Ballou.
Regular meetings the fourth Wednesday of each month.
Balance Sheet Oct. 31, 1899.
A.SSETS.
Liabilities.
Loans on real estate,
$88,790 00
Dues capital,
$81,476 00
Loans on shares, .
6,570 00
Profits capital (all series), .
15,085 80
Permanent expense account, .
207 10
Interest, ....
1,757 14
Temporary expense account,
24 75
Premiums, .
2 35
Tax account, ....
90 61
Fines, .
49 26
Cash in hands of treasurer, .
3,231 39
Transfer fees, . .
Withdrawal profits,
Guaranty fund, .
Surplus,
50
42 16
360 29
134 35
Forfeited share account,
6 00
$98,913 85
$98,913 85
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 32, 1899.
Receipts.
Disbursements.
From dues capital,
$19,942 00
For real estate loans, .
$11,880 00
interest,
5,153 09
share loans, .
4,640 00
premiums, .
6 60
dues capital withdrawn,
8,767 00
tines, ....
122 61
dues capital retired,
7,327 00
transfer fees,
1 25
profits capital withdrawn,
1,437 27
real estate loans repaid,
10.205 00
profits capital retired, .
2,490 68
share loans repaid,
2,6? 5 00
temporary expenses,
269 70
withdrawal profits,
146 71
permanent expenses,
200 00
Cash on hand Oct. 31, 1898, .
2,264 10
interest on retired sbares,
162 71
■>
taxes, ....
90 61
Cash on hand Oct. 31, 1899,
3,231 39
$40,496 36
$40,496 36
No. 8.] SAYINGS BANK COMMISSIONERS.
179
Total Amount of Loans at Specified Rates of Interest.
Loans on Real Estate.
Loans on Shares.
Amount.
Rate.
Amount.
Rate.
Amount.
Rate.
$86,860 00
1,830 00
6.00 per cent.
6.30 "
$100 00
6.90 per cent.
$6,570 00
6.00 per cent.
Reconciliation of Share Account with Dues and Profits Capital.
Date of
09
u
a®
0> 03
a .
12
,— OS
Issue.
"u
o
OQ
>
co
H
Jan., 1889, .
1
$178 52
5
$892 60
Dues capital, as per gen-
July
, 18s9, .
2
167 52
9
1.507 68
eral ledger, .
$81,476 00
Jan.
1890, .
3
156 85
59
9,254 15
Profits capital, as per
July
, 1890, .
4
146 49
25
3,662 25
general ledger, .
15,085 80
Jan.
1891, .
5
136 43
59
8,049 37
Unpaid dues,
120 00
July
, 1891, .
6
126 66
63
7,979 58
Jan.
1892, .
7
117 19
59
6,914 21
July
1892, .
8
107 98
34
3,671 32
Jan.
1893, .
9
99 04
59
5,843 36
July
, 1893, .
10
90 37
68
6,145 16
Jan.
1894, .
11
81 95
60
4,917 00
July
, 1894, .
12
73 77
70
5,163 90
Jan.
1895, .
13
65 82
58
3,817 56
July
, 1895, .
14
58 12
47
2,731 64
Jan.
1896, .
15
50 63
164
8,303 32
July
, 1896, .
16
43 37
82
3,556 34
Jan.
1897, .
17
36 32
134
4,866 88
July
1897, .
18
29 46
108
3,181 68
Jan.,
1898, .
19
22 81
137
3,124 97
July
1898, .
20
16 36
61
997 96
Jan.
1899, .
21
10 09
143
1,442 87
July
, 1899, .
22
4 00
154
616 00
42 00
Total,
Dues paid in
adva
nee, .
•
'
rotal,
$96,681 80
$96,681 80
Number of shares issued during the year, 318
Number of shares now in force, 1,658
Number of shares now borrowed upon, 656
Largest number of shares held by anv one member, .... 25
Number of shares withdrawn during the year, 242
Number of shares retired during the year, 59
Highest rate of premium or interest received on money sold during the year :
6 per cent.
Lowest rate of premium or interest received on money sold during the year :
6 per cent.
Rate of profits distributed : 1st term, 3 per cent. ; 2d term, 2| per cent.
Number of members withdrawn during the year, 39
Present number of members, 268
Present number of borrowers, 118
Present number of non-borrowers, 150
Number of loans secured by first mortgage of real estate, . . . 132
Number of loans on shares, 34
Largest loan to anv one member, $2,900 00
Smallest loan to any one member 15 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, . 287 58
Date of examination by commissioner : February 6.
180
REPORT OF THE
[Pub. Doc.
PEABODY CO-OPERATIVE BANK — PEABODY.
Incorporated May 28, 1888. Commenced business June 16, 1888.
P. H. O'Conor, President. H. F. Walker, Secretary and Treasurer.
S. S. LlTTLEFIELD,
Names of security committee :
Isaac A. Drowne, ' Thomas H. Jackman.
Regular meetings the third Saturday of each month.
Balance Sheet Oct. 31, 1899.
A8SETS.
Liabilities.
Loans on real estate,
Loans on shares, .
Temporary expense account,
Real estate by foreclosure, .
Mortgage, ....
Profit and loss account,
Cash in hands of treasurer, .
$234,475 00
2,900 00
344 32
4,247 63
2,800 00
19 20
3,644 85
Dues capital,
Profits capital (all series), .
Interest, ....
Premiums, ....
Fines,
Withdrawal profits,
Guaranty fund, .
Surplus, ....
$203,778 00
37,042 23
3,330 55
201 11
76 80
56 68
783 49
3,162 14
$248,431 00
$248,431 00
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Receipts.
Disbursements.
From dues capital,
$51,240 00
For real estate loans, .
$33,500 00
interest,
13,417 98
share loans, .
3,600 00
premiums, . . .
740 73
dues capital withdrawn,
35,755 00
fines, ....
207 36
dues capital retired,
12,594 00
transfer fees,
75
profits capital withdrawn,
6,513 11
real estate loans repaid,
21,900 00
profits capital retired, .
4,702 50
share loans repaid,
7,950 00
temporary expenses,
1,260 99
withdrawal profits,
116 09
interest on retired shares,
259 92
income from real estate
mortgage,
2,800 00
by foreclosure .
15 52
real estate by foreclosure,
4,111 38
real estate by foreclos-
profit and loss account,
153 41
ure, ....
4,653 41
Cash on hand Oct. 31, 1899, .
3,644 85
mortgage, .
2,458 38
Cash on hand Oct. 31, 1898, .
6,194 94
$108,895 16
$108,895 16
No. 8.] SAYINGS BANK COMMISSIONERS.
181
Total Amount of Loans at Specified Rates of Interest.
Loans on Real Estate.
Loans on Shares.
Amount.
Rate.
Amount.
Rate.
Amount.
Rate.
$222,175 00
11,700 00
6.30 per cent.
6.60 "
$600 00
6.90 per cent.
$2,900 00
6.30 per cent.
Reconciliation of Share Account with Dues and Profits Capital.
Date op
GO
<V s-c
6
a
i-ils
Issue.
'u
3j
S3 r
o
W
>
w
H
June, 1888
. 1
$191 57
21
$4,022 97
Dues capital, as per gen-
Dec, 1888
. 2
180 22
54
9,731 88
eral ledger,
$203,778 00
June, 1889
. 3
169 18
60
10,150 80
Profits capital, as per
Dec, 1889
. 4
158 46
73
11,567 58
general ledger, .
37,042 23
June, 1890
. 5
148 04
99
14,655 96
Unpaid dues,
3,017 00
Dec, 1890
. 6
137 93
85
11,724 05
June, 1891
• 7
128 12
108
13,836 96
Dec, 1891
. 8
118 60
46
5,455 60
June, 1892
. 9
109 35
100
10,935 00
Dec, 1892
. 10
100 36
107
10,738 52
June, 1893
. 11
91 65
220
20,163 00
Dec, 1893
. 12
83 18
167
13,891 06
June, 1894
. 13
74 96
127
9,519 92
Dec, 1894
. 14
66 98
176
11,788 48
June, 1895
. 15
59 24
273
16,172 52
Dec, 1895
. 16
51 74
311
16,091 14
June, 1896
,• 17
44 46
239
10,625 94
Dec, 1896
. 18
37 39
227
8,487 53
June, 1897
. 19
30 52
424
12,940 48
Dec, 1897
. 20
23 85
522
12,449 70
June, 1898
. 21
17 38
328
5,700 64
Dec, 1898
. 22
11 10
155
1,720 50
June, 1899
. 23
5 00
266
1,330 00
137 00
Total,
Dues paid
in adva
nee, .
•
Total,
$243,837 23
$243,837 23
Number of shares issued during the year, 443
Number of shares now in force, 4,188
Number of shares now borrowed upon, 1,338
Largest number of shares held by any one member, .... 25
Number of shares withdrawn during the year 710
Number of shares retired during the year, 171
Highest rate of premium or interest received on money sold during the year :
5 cents premium.
Lowest rate of premium or interest received on money sold during the year :
5 cents premium.
Hate of profits distributed : 1st term, 3 per cent. ; 2d term, 3 per cent.
Number of members withdrawn during the year, 82
Present number of members, 583
Present number of borrowers, 204
Present number of non-borrowers, 379
Number of loans secured by first mortgage of real estate, . . . 279
Number of loans on shares, 24
Largest loan to any one member, $4,000 00
Smallest loan to any one member, 50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, . 1,260 99
Date of examination by commissioner : September 8.
182
EEPORT OF THE
[Pub. Doc.
PEOPLE'S CO-OPERATIVE BANK — FALL RIVER.
Incorporated Feb. 18, 1882. Commenced business March 15, 1882.
Milton Reed, President. Charles H. Durfee, Secretary and Treasurer.
Names of security committee :
John H. Estes, Charles H. Durfee,
A. P. Dayol, Patrick Kieran,
M. Sweeney.
Regular meetings the third Wednesday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
Loans on shares, .
Real estate by foreclosure, .
Unpaid interest,
Unpaid premiums,
Unpaid fines, ....
Unpaid dues, ....
Cash in hands of treasurer, .
$219,200 00
10,750 00 ;
12,512 69
1,498 69
75 70
164 20
1.513 00
6,625 21
Dues capital,
Profits capital (all series), .
Guaranty fund, .
Surplus, ....
Forfeited share account,
$207,876 00
39,166 35
1,371 82
3,889 46
35 86
$252,339 49
$252,339 49
Detailed Statement of Receipts and Disbursements for the Year ending
Oct 31, 1899.
Receipts.
Disbursements.
From dues capital,
$55,547 00
For real estate loans, .
$49,600 00
interest,
12.519 14
share loans, .
5,400 00
premiums, .
547 32
dues capital withdrawn,
40,926 00
fines, ....
3% 01
dues capital retired,
10,060 00
real estate loans repaid,
49,150 00
profits capital withdrawn,
6.752 76
share loans repaid,
5,550 00
profits capital retired, .
3,602 78
rents, ....
1,115 40
temporary expenses.
1,037 45
Cash on hand Oct. 31, 1898, .
584 33
interest on retired shares,
313 30
interest rebated,
23 58
real estate bv foreclosure,
978 12
Cash on hand Oct. 31, 1899,
6,625 21
$125,319 20
$125,319 20
No. 8.] SAVINGS BANK COMMISSIONERS.
183
Total Amount of Loans at Specified Rates of Interest.
Loans on Real Estate.
Loans on Shares.
Amount.
Rate.
Amount.
Rate.
Amount.
Rate.
$219,200 00
5.50 per cent.
-
-
$5,550 00
5,200 00
5.50 per cent.
6.00 "
Reconciliation of Share Account with Dues and Profits Capital,
Date of
te
a> •
<s> S3
c .
•- a)
CO CJ
0.1 Z
Issue.
'u
5&
3«2
£ °
.a"
~o
W
>
CO
H
May, 1888, .
14
$196 51
5
$982 55
Dues capital, as per gen-
Nov., 1888, .
15
184 82
31
5,729 42
eral ledger,
$206,363 00
May, 1889, .
16
173 53
27
4,685 31
Profits capital, as per
Nov., 1889, .
17
162 60
91
14,796 60
general ledger, .
39,166 35
May, 1890, .
18
151 87
120
18,224 40
Unpaid dues,
1,513 00
Nov., 1890, .
19
141 52
111
15,708 72
May, 1891, .
20
131 54
75
9,865 50
Nov., 1891, .
21
121 82
53
6,456 46
May, 1892, .
22
112 41
101
11,353 41
Nov., 1*92, .
23
103 25
45
4,646 25
May, 1893, .
24
94 40
153
14,443 20
Nov., 1893, .
25
85 79
183
15,699 57
May, 1894, .
26
77 43
152
11,769 36
Nov., 1894, .
27
69 33
184
12,756 72
May, 1895, .
28
61 44
456
28,016 64
Nov., 1895, .
29
53 79
304
16,352 16
May, 1896, .
30
46 37
225
10,433 25
Nov., 1896, .
31
39 16
295
11,552 20
May, 1897, .
32
32 14
305
9,802 70
Nov., 1897, .
33
25 33
308
7,801 64
May, 1898, .
34
18 74
385
7,214 90
Nov., 1898, .
35
12 33
447
5,511 51
May, 1899, .
36
6 09
532
3,239 88
Total, .
Total,
•
$247,042 35
$247,042 35
Number of shares issued during the year, 1,051
Number of shares now in force, 4,588
Number of shares now borrowed upon, 1,291
Largest number of shares held by any one member, .... 25
Nun) her of shares withdrawn during the year, .... 1,033
Number of shares retired during the year, 78
Highest rate of premium or interest received on money sold during the year :
3 per cent.
Lowest rate of premium or interest received on money sold during the year :
5£ per cent.
Rate of profits distributed : 1st term, 2 9-10 per cent. ; 2d term, 2 8-10 per cent.
Number of members withdrawn during the year, 125
Present number of members, 551
Present number of borrowers, 133
Present number of non-borrowers, 418
Number of loans secured by first mortgage of real estate, . . . 106
Number of loans on shares, 27
Largest loan to any one member $5,000 00
Smallest loan to any one member, 50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, . 1,037 45
Date of examination by commissioner: October 16.
184
REPORT OF THE
[Pub. Doc.
PIONEER CO-OPERATIVE BANK — BOSTON,
Incorporated July 26, 1877. Commenced business Aug. 6, 1877.
Gamaliel Bradford, President. Daniel Eldredge, Secretary and Treasurer.
Names of security committee :
Henry P. Oakman, John K. Fellows,
Walter H. Roberts, John C. Cook,
Elbridge K. Newhall.
Regular meetings the first Monday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate, .
$231,550 00
Dues capital,
$238,668 00
Loans on shares, .
8,700 00
Profits capital (all series), .
43,960 07
Temporary expense account,
275 00
Interest, ....
1,507 01
Real estate by foreclosure, .
24,631 37
Premiums, .
58 70
Unpaid interest, .
1,396 87
Fines, .
68 00
Unpaid premiums,
45 75
Transfer fees,
1 00
Unpaid fines,
153 68
Withdrawal profits,
104 13
Mortgages, ....
22,759 29
Forfeiture profits,
10 95
Tax account,
78 71
Guaranty fund, .
3,950 00
Cash in hands of treasurer,
9,536 28
Surplus,
10,116 73
Forfeited share account,
193 14
Retired share account, .
489 22
|299,126 95
$299,126 95
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Receipts.
Disbursements.
From dues capital,
$66,318 00
For real estate loans, .
$50,650 00
interest,
16,384 68
share loans, .
8,750 00
premiums, .
715 85
dues capital withdrawn,
25,649 00
fines, . .
706 75
dues capital forfeited, .
2,203 00
transfer fees,
3 75
dues capital retired,
37,763 00
real estate loans repaid,
45,400 00
dues capital matured, .
5,381 00
real estate loans elimi-
profits capital withdrawn,
3,618 41
nated by foreclosure,
16,050 00
profits capital forfeited, .
612 03
real estate loans elimi-
profits capital retired, .
9,522 45
nated by maturity of
profits capital matured, .
2,419 17
shares,
4,950 00
temporary expenses,
2,279 29
share loans repaid,
7,950 00
dues capital, .
1 00
withdrawal profits,
904 52
forfeited shares,
277 67
forfeiture profits, .
152 97
taxes, ....
78 71
forfeited shares, .
265 31
real estate by foreclosure,
22,693 19
retired share account, .
44,790 75
retired share account, .
44,762 73
mortgages, .
11,412 81
interest on retired and
real estate by foreclos-
matured shares, .
409 30
ure, ....
16,282 38
matured share account,
2,598 88
profits capital,
04
mortgages,
3,057 35
matured share account,
2,399 57
surplus, ....
04
surplus,
1 00
receipts on account No-
vember, 1898, meeting,
transferred,
2,425 88
Cash on hand Oct. 31, 1899,
9,536 28
$234,688 38
$234,688 38
No. 8.] SAVINGS BANK COMMISSIONERS.
185
Total Amount of Loans at Specified Rates of Interest.
Loans on Real Estate.
Loans on Shares.
Amount.
Kate.
Amount.
Rate.
Amount.
Rate.
$74,750 00
3,600 00
2,400 00
2,500 00
123,650 00
12,300 00
11,350 00
5.00 per cent.
5.25 "
5.50 "
5.75 "
6.30 "
6.60 "
6.90 "
$400 00
600 00
7.50 per cent.
7.80 "
I
$6,650 00
250 00
100 00
50 00
1,250 00
300 00
100 00
5.00 per cent.
5.25 "
5.50 "
6.00 "
6.30 "
6.60 "
7.20 "
Reconciliation of Share Account with Dues and Profits Capital.
Date of
oj es
(A
"oo *
3
Issue.
*—
3.C
"3*
08 ►>
O
CO
>
GO
H
April, 1888, .
20
$199 72
22
$4,393 84
Dues capital, as per gen-
Oct., 1888, .
21
187 73
29
5,444 17
eral ledger, .
$238,668 00
April, 1889, .
22
176 15
92
16,205 80
Profits capital, as per
Oct., 1889, .
23
164 93
41
6,762 13
general ledger, .
43,960 07
April, 1890, .
24
154 06
82
12,632 92
Unpaid dues,
2,720 00
Oct., 1890, .
25
143 53
71
10,190 63
April, 1891, .
26
133 34
80
10,667 20
Oct., 1891, .
27
123 43
38
4,690 34
April, 1892, .
28
113 87
183
20,838 21
Oct., 1892, .
29
104 61
20
2,092 20
April, 1893, .
30
95 62
276
26,391 12
Oct., 1893, .
31
86 93
234
20,341 62
April, 1894, .
32
78 50
211
16,563 50
Oct., 1894, .
33
70 34
261
18,358 74
April, 1895, .
34
62 43
335
20,914 05
Oct., 1895, .
35
54 78
255
13,968 90
April, 1896, .
36
47 35
315
14,915 25
Oct., 1896, .
37
40 13
317
12,721 21
April, 1897, .
38
33 13
366
12,125 58
Oct., 1897, .
39
26 32
507
13,344 24
April, 1898, .
40
19 72
507
9,998 04
Oct., 1898, .
41
13 31
474
6,308 94
April, 1899, .
42
7 08
668
4,729 44
Oct., 1899, .
43
1 00
425
425 00
325 00
Total,
Dues paid in i
tdvai
ice, .
Total,
$285,348 07
$285,348 07
Number of shares issued during the year, 1,258
Number of shares now in force, 5,809
Number of shares now borrowed upon, 1,358
Largest number of shares held by any one member, .... 25
Number of shares withdrawn during the year, 798
Number of shares forfeited during the year, 87
Number of shares retired during the year, 415
Number of shares matured during the year 39
Highest rate of premium or interest received on money sold during the year :
5| per cent.
Lowest rate of premium or interest received on money sold during the year :
5 per cent.
Rate of profits distributed : 1st term, 2£ per cent. ; 2d term, 2£ per cent.
186 REPORT OF THE [Pub. Doc.
Number of members withdrawn during the year, 155
Present number of members, 767
Present number of borrowers, . . . _ .. . . . . 142
Present number of non-borrowers, . . . . . . . . 625
Number of loans secured by first mortgage of real estate, . . . 136
Number of loans on shares, 35
Largest loan to any one member, $5,000 00
Smallest loan to any one member, 50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, . 2,279 29
Date of examination by commissioner : March 30.
No. 8.] SAVINGS BANK COMMISSIONERS.
187
PITTSFIELD CO-OPERATIVE BANK — PITTSFIELD.
Incorporated Feb. 15, 1889. Commenced business March 5, 1889.
F. W. Hinsdale, President. Homer B. Nash, Secretary and Treasurer.
Names of security committee :
H. S. Russell, Michael Casey,
"William W. Gamwell.
Regular meetings the first Wednesday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Loans on real estate,
Loans on shares, .
Real estate, .
Cash in hands of treasurer,
$310,205 00
18,615 00
1,258 43
8,798 46
$338,876 89
Liabilities.
Dues capital,
Profits capital (all series),
Forfeiture profits,
Guaranty fund, .
Surplus,
Forfeited share account,
$282,661 00
50,805 75
591 01
2,014 99
1,453 87
1,350 27
$338,876 89
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Receipts.
Disbursements.
From dues capital,
interest,
fines, ....
transfer fees,
real estate loans repaid,
share loans repaid,
forfeiture profits, .
Cash on hand Oct. 31, 1898, .
$82,825 00
18,089 62
332 41
2 75
62,325 00
20,480 00
86 39
7,329 39
For real estate loans, .
share loans, .
dues capital withdrawn,
profits capital withdrawn,
temporary expenses,
forfeited shares,
interest on retired shares,
real estate,
Cash on hand Oct. 31, 1899, .
$100,025 00
17,431 00
52,868 00
9,458 19
1,466 30
904 82
423 37
95 42
8,798 46
$191,470 56
$191,470 56
Total Amount of Loans at Specified Rates of Interest.
Loans on Real Estate.
Loans on Shares.
Amount.
|
Hate.
Amount.
Rate.
Amount.
Rate.
$6,800 00
5.50 per cent.
$303,405 00
6.00 per cent.
$18,615 00
6.00 per cent.
188
REPORT OF THE
[Pub. Doc.
Reconciliation of Share Account with Dues and Profits Capital.
Date op
03
u
CD -
a .
CO
3
Issue.
3.C
•303
s °
0
m
>
m
H
Mar., 1889, .
1
$172 78
108
$18,660 24
Dues capital, as per gen-
Sept., 1889, .
2
162 48
80
12,998 40
eral ledger,
$282,661 00
Mar., 1890, .
3
152 41
114
17,374 74
Profits capital, as per
Sept., 1890, .
4
142 53
111
15,820 83
general ledger, .
50,805 75
Mar., 1891, .
5
132 87
153
20,329 11 [
Unpaid dues,
3,130 00
Sept., 1891, .
6
123 43
161
19,872 23 ;
Mar., 1892, .
7
114 22
176
20,102 72
Sept., 1892, .
8
105 23
203
21,361 69
Mar., 1893, .
9
96 50
215
20,747 50
Sept., 1893, .
10
87 99
169
14,870 31
Mar., 1894, .
11
79 72
153
12,197 16
Sept., 1894, .
12
71 65
98
7,021 70
Nov., 1894, .
13
68 28
114
7,783 92
May, 1895, .
14
60 84
322
19,590 48
Nov., 1895, .
15
53 48
300
16,044 00
May, 1896, .
16
46 20
310
14,322 00
Nov., 1896, .
17
39 09
376
14,697 84
May, 1897, .
18
32 15
430
13,824 50
Nov., 1897, .
19
25 38
636
16,141 68
May, 1898, .
20
18 78
707
13,277 46
Nov., 1898, .
21
12 35
1,031
12,732 85
May, 1899, .
22
6 09
951
5,791 59
1,034 00
Total, .
Dues paid in
adva
nee, .
•
Total,
$336,596 95
$336,596 95
Number of shares issued during the year, 2,178
Number of shares now in force, ....... 6,918
Number of shares now borrowed upon • 2,473
Largest number of shares held by any one member, .... 25
Number of shares withdrawn during the year, .... 1,421
Highest rate of premium or interest received on money sold during the year :
6 per cent.
Lowest rate of premium or interest received on money sold during the year :
5£ per cent.
Rate of profits distributed : 1st term, 2| per cent. ; 2d term, 2| per cent.
Number of members withdrawn during the year, 155
Present number of members, 930
Present number of borrowers, . 312
Present number of non-borrowers, 618
Number of loans secured by first mortgage of real estate, . . . 194
Number of loans on shares, 146
Largest loan to any one member,
Smallest loan to any one member,
Amount of expenses of the corporation for the year ending Oct. 31, 1899, .
Date of examination by commissioner : October 2.
$5,000 00
20 00
1,466 30
No. 8.] SAVINGS BANK COMMISSIONERS.
189
PLYMOUTH CO-OPERATIVE BANK — PLYMOUTH.
Incorporated June 7, 1882. Commenced business June 20, 1882.
Charles E. Barnes, President. Elmer E. Avery, Secretary and Treasurer.
Names of security committee :
Peleg S. Burgess, Seth W. Paty,
Frank H. Lanman.
Regular meetings the third Tuesday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
$74,150 00
Dues capital,
$72,343 00
Loans on shares, .
7,610 00
Profits capital (all series) , .
12,744 15
Permanent expense account,
187 75
Interest
2,064 04
Temporary expense account,
293 55
Premiums, .
145 44
Real estate by foreclosure, .
748 84
Fines, .
121 28
Suspense account, .
1,035 37
Transfer fees.
50
Unpaid dues, ....
1,350 00
Withdrawal profits,
54 30
Cash in hands of treasurer, .
3,080 03
Forfeiture profits,
Guaranty fund, .
Surplus,
88
429 81
20 51
Forfeited share account,
93 49
Advance payments,
388 14
$ 88,405 54
$88,405 54
Detailed Statement of Beceipts and Disbursements for the Year ending
Oct. 31, 1899.
Receipts.
Disbursements.
From dues capital,
$16,627 00
For real estate loans, .
$16,750 00
interest,
4,112 25
share loans, . . .
5,270 00
premiums, .
323 12
dues capital withdrawn,
3,241 00
fines, ....
186 44
dues capital forfeited, .
80 00
transfer fees,
1 00
dues capital matured, .
2,346 00
real estate loans repaid,
5,100 00
profits capital withdrawn,
358 63
real estate loans elimi-
profits capital forfeited, .
3 52
nated by foreclosure,
700 00
profits capital matured,
1,305 66
share loans repaid,
4,010 00
temporary expenses,
698 12
withdrawal profits,
89 65 i
advance payments,
88 65
forfeiture profits, .
88
real estate by foreclosure,
754 84
unpaid dues,
320 00
town note,
3,000 00
suspense account,
165 25
Cash on hand Oct. 31, 1899,
3,080 03
expense account, .
2 75
advance payments,
1,333 05
town note, .
3,000 00
real estate by foreclos-
ure, ....
6 00
Cash on hand Oct. 31, 1898, .
999 06
$36,976 45
$36,976 45
190
REPORT OF THE
[Pub. Doc.
Total Amount of Loans at Specified Rates of Interest.
Loans on Real Estate.
Loans on Shares.
Amount.
Rate.
Amount.
Rate.
Amount.
Rate.
$55,050 00
12,350 00
3,450 00
1,900 00
350 00
850 00
6.30 per cent.
6.60 "
6.90 "
7.20 "
7.50 «
7.80 »
$200 00
9.00 per cent.
$6,350 00
720 00
240 00
110 00
70 00
120 00
6 . 30 per cent.
6.60 "
6.90 "
7.80 "
8.40 «
8.70 "
Reconciliation of Share Account with Dues and Profits Capital.
Date of
09
O *
« 03
8 .
CO CJ
Issue.
3X3
it °
83 J>
O
02
>
02
H
Dec, 1888, .
14
$181 68
4
$726 72
Dues capital, as per gen-
June, 1889, .
15
170 52
6
1,023 12
eral ledger,
$72,343 00
Dec, 1889, .
16
159 68
34
5,429 12
Profits capital, as per
June, 1890, .
17
149 13
23
3,429 99
general ledger, .
12,744 15
Dec, 1890, .
18
138 96
48
6,670 08
June, 1891, .
19
129 06
19
2,452 14
Dec, 1891, .
20
119 44
39
4,658 16
June, 1892, .
21
110 11
41
4,514 51
Dec, 1892, .
22
101 04
60
6,062 40
June, 1893, .
23
92 25
76
7,011 00
Dec, 1893, .
24
83 71
71
5,943 41
June, 1894, .
25
75 42
43
3,243 06
Dec, 1894, .
26
67 34
88
5,925 92
June, 1895, .
27
59 52
74
4,404 48
Dec, 1895, .
28
51 95
104
5,402 80
June, 1896, .
29
44 61
72
3,211 92
Dec, 1896, .
30
37 48
104
3,897 92
June, 1897, .
31
30 58
86
2,629 88
Dec, 1897, .
32
23 88
133
3,176 04
Jane, 1898, .
33
17 39
142
2,469 38
Dec, 1898, .
34
11 10
191
2,120 10
June, 1899, .
35
5 00
137
685 00
Total, .
Total,
$85,087 15
$85,087 15
Number of shares issued during the year, 368
Number of shares now in force, • 1,595
Number of shares now borrowed upon, 584
Largest number of shares held by any one member, .... 25
Number of shares withdrawn during the year, 96
Number of shares forfeited during the year, 4
Number of shares matured during the year, . . . . .21
Highest rate of premium or interest received on money sold during the year :
10 cents premium.
Lowest rate of premium or interest received on money sold during the year :
5 cents premium.
Rate of profits distributed : 1st term, 3£ per cent. ; 2d term, 3 per cent.
Number of members withdrawn during the year, 19
Present number of members, 325
Present number of borrowers, . • .121
Present number of non-borrowers, 204
Number of loans secured by first mortgage of real estate, . • • 149
Number of loans on shares, • .62
Largest loan to any one member,
Smallest loan to any one member,
Amount of expenses of the corporation for the year ending Oct. 31, 1899,
Date of examination by commissioner : April 24.
$3,000 00
10 00
710 67
No. 8.] SAVINGS BANK COMMISSIONERS.
191
PROVIDENT CO-OPERATIVE BANK — CHELSEA.
Incorporated Sept. 25, 1885. Commenced business Sept. 28, 1885.
Thomas Martin, President. C. Willis Gould, Secretary and Treasurer.
Names of security committee :
Milton Rat, John W. Dorr,
Henry C. Starket.
Regular meetings the fourth Monday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
Loans on shares, .
Real estate by foreclosure, .
Unpaid interest,
Mortgages
Cash in hands of treasurer, .
$427,375 00
14,450 00
28,485 04
1,200 00
4,441 00
32,891 88
Dues capital,
Profits capital (all series) , .
Guaranty fund, .
Surplus, ....
Forfeited share account,
$407,662 00
91,769 97
6,000 00
3,407 37
3 58
$508,842 92
$508,842 92
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Receipts.
Disbursements.
From dues capital,
$107,800 00
For real estate loans, .
$86,724 00
interest,
26,876 39
share loans, .
12,600 00
premiums, .
3,076 79
dues capital withdrawn,
38,146 00
fines, ....
1,018 18
dues capital retired,
26,166 00
transfer fees,
3 75
dues capital matured, .
28,945 00
real estate loans repaid,
70,799 00
profits capital withdrawn,
7,008 68
real estate loans elimi-
profits capital retired, .
6,611 61
nated by foreclosure,
7,850 00
profits capital matured, .
14,238 45
real estate loans elimi-
temporary expenses,
2,195 27
nated by maturity of
taxes and repairs, .
1,063 81
shares,
1,250 00
personal account, .
80 84
share loans repaid,
12,550 00
real estate by foreclosure,
7,731 97
withdrawal profits,
1,807 91
mortgages,
2,200 00
rents, ....
775 77
Cash on hand Oct. 31, 1899, .
32,891 88
real estate by foreclos-
ure, ....
1,361 36
mortgages, .
172 25
Cash on hand Oct. 31, 1898, .
31,262 11
$266,603 51
$266,603 51
192
REPORT OF THE
[Pub. Doc.
Total Amount of Loans at Specified Rates of Interest.
Loans on Real Estate.
Loans on Shakes.
Amount.
Rate.
Amount.
Rate
Amount.
Rate.
$10,850 00
298,325 00
75,450 00
6.30 per cent.
6.60 "
6.90 "
$37,800 00
3,350 00
1,600 00
7.20 per cent.
7.50 "
7.80 »
$100 00
13,100 00
150 00
1,100 00
6.30 per cent.
6.60 «
6.90 "
7.20 «
Reconciliation of Share Account with Dues and Profits Capital.
Date op
m
<D •
-MBS
Issue.
t,
O
CC
>
CO
H
Sept., 1888, .
7
$198 35
118
$23,405 30
Dues capital, as per gen-
Mar., 1889, .
8
185 84
128
23,787 52
eral ledger, .
$407,662 00
Sept., 1889, .
9
173 75
107
18,591 25
Profits capital, as per
Mar., 1890, .
10
162 09
163
26,420 67
general ledger, .
91,769 97
Sept., 1890, .
11
150 83
121
18,250 43
Unpaid dues,
4,654 00
Mar., 1891, .
12
139 95
222
31,068 90
Sept., 1891, .
13
129 46
162
20,972 52
May, 1892, .
14
115 98
217
25,167 66
,
Nov., 1892, .
15
106 29
207
22,002 03
May, 1893, .
16
96 89
256
24,803 84
Nov., 1893, .
17
87 85
275
24,158 75
May, 1894, .
18
79 11
417
32,988 87
Nov., 1894, .
19
70 65
386
27,270 90
May, 1895, .
20
62 47
544
33,983 68
Nov., 1895, .
21
54 57
523
28,540 11
May, 1896, .
22
46 92
542
25,430 64
Nov., 1896, .
23
39 55
523
20,684 65
May, 1897, .
24
32 43
685
22,214 55
Nov., 1897, .
25
25 53
852
21,751 56
May, 1898, .
26
18 85
880
16,588 00
Nov., 1898, .
27
12 38
813
10,064 94
May, 1899, .
28
6 10
892
5,441 20
498 00
Total,
Dues paid in
adva
nee, .
•
Total, .
$504,085 97
$504,085 97
Number of shares issued during the year, 1,834
Number of shares now in force, • . 9,033
Number of shares now borrowed upon, 2,637
Largest number of shares held by any one member, .... 25
Number of shares withdrawn during the year 1,164
Number of shares retired during the year, 348
Number of shares matured during the year, 215
Highest rate of premium or interest received on money sold during the year :
20 cents premium.
Lowest rate of premium or interest received on money sold during the year :
5 cents premium.
Rate of profits distributed : 1st term, 3 per cent. ; 2d term, 3 per cent.
Number of members withdrawn during the year, 96 *
Present number of members, 1,031
Present number of borrowers, 256
Present number of non-borrowers 775
Number of loans secured by first mortgage of real estate, . . . 263
Number of loans on shares, .65
Largest loan to any one member, . $5,000 00
Smallest loan to any one member, 50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, . 2,195 27
Date of examination by commissioner: March 14.
No. 8.] SAVINGS BANK COMMISSIONERS.
193
QUINCY CO-OPERATIVE BANK — QUINCY.
Incorporated April 17, 1889. Commenced business May 7, 1889.
John F. Welch, President. Richard D. Chase, Secretary and Treasurer.
Names of security committee :
George H. Field, John H. Dinegan,
Andrew Milne.
Regular meetings the first Wednesday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
Loans on shares, .
Real estate by foreclosure, .
Unpaid interest,
Unpaid premiums,
Unpaid fines
Cash in hands of treasurer, .
$167,550 00
7,925 00
2,889 14
1,643 51
84 09
75 13
12,304 04
Dues capital,
Profits capital (all series), .
Guaranty fund, .
Surplus, ....
Forfeited share account,
$153,963 00
36,620 36
678 00
1,205 55
4 00
$192,470 91
$192,470 91
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Receipts.
Disbursements.
From dues capital,
$37,481 00
For real estate loans, .
$38,952 00
interest,
10,197 42
share loans, .
7,063 00
premiums, .
476 50
dues capital withdrawn,
9,180 00
fines, ....
268 21
dues capital forfeited, .
91 00
transfer fees,
2 50
dues capital retired,
9,194 00
real estate loans repaid,
26,800 00
profits capital withdrawn,
1,399 77
real estate loans elimi-
profits capital forfeited,
5 46
nated by foreclosure,
2,500 00
profits capital retired, .
2,890 98
share loans repaid,
3,732 00
temporary expenses,
695 60
withdrawal profits,
349 92
forfeited shares,
95 09
forfeiture profits, .
1 37
interest on retired shares,
281 29
forfeited shares, .
95 09
real estate by foreclosure,
2,984 23
real estate by foreclos-
Cash on hand Oct. 31, 1899, .
12,304 04
ure, ....
95 09
Cash on hand Oct. 31, 1898, .
3,137 36
$85,136 46
$85,136 46
194
REPORT OF THE
[Pub. Doc.
Total Amount of Loans at Specified Rates of Interest.
Loans on Real Estate.
Loans on Shakes.
Amount.
Rate.
Amount.
Rate.
Amount.
Rate.
$60,252 00 6.00 per cent.
89,748 00 6.30 "
14,100 00 6.60 "
2,900 00
150 00
400 00
6.90 per cent.
7.20 "
-7.50 "
$4,655 00
3,120 00
150 00
6.00 per cent.
6.30 "
6.60 "
Reconciliation of Share Account with Dues and Profits Capital.
Date of
CO
Si
CO 58
~" CD
GO ej
CD b
CD
s
Issue.
*c
3.C
cS[>
©
*
oe
>
cc
H
May, 1889, .
1
$179 18
95
$17,022 10
Dues capital, as per;gen-
Nov., 1889, .
2
167 80
88
14,766 40
eral ledger,
$153,963 00
May, 1890, .
3
156 72
110
17,239 20
Profits capital, as per
Nov., 1890, .
4
145 92
22
3,210 24
general ledger, .
36,620 36
Mav, 1891, .
5
135 43
93
12,594 99
Unpaid dues,
2,287 00
Nov., 1891, .
6
125 24
111
13,901 64
May, 1892, .
7
115 33
88
10,149 04
Nov., 1892, .
8
105 77
137
14,490 49
May, 1893, .
9
96 52
89
8,590 28
Nov., 1893, .
10
87 57
64
5,604 48
May, 1894, .
11
78 92
90
7,102 80
Nov., 1894, .
12
70 54
102
7,195 08
May, 1895, .
13
62 43
82
5,119 26
Nov., 1895, .
14
54 59
186
10,153 74
May, 1896, .
15
46 99
287
13,486 13
Nov., 1896, .
16
39 63
149
5,904 87
May, 1897, .
17
32 49
301
9,779 49
Nov., 1897, •
18
25 58
241
6,164 78
May, 1898, .
19
18 88
224
4,229 12
Nov., 1898, .
20
12 40
314
3,893 60
May, 1899, .
21
6 11
333
2,034 63
238 00
Total, .
Dues paid in
adva
nee, .
•
Total,
$192,870 36
$192,870 36
Number of shares issued during the year, 684
Number of shares now in force, 3,206
Number of shares now borrowed upon, 1,106
Largest number of shares held by any one member, . . . .25
Nu 'nber of shares withdrawn during the year, 309
Number of shares forfeited during the year, ...... 13
Number of shares retired during the year, 84
Highest rate of premium or interest received on money sold during the year :
5 cents premium.
Lowest rate of premium or interest received on money sold during the year:
6 per cent.
Rate of profits distributed : 1st term, 3 per cent. ; 2d term, 3 per cent.
Number of members withdrawn during the year, ....
Present number of members,
Present number of borrowers,
Present number of non-borrowers,
Number of loans secured by first mortgage of real estate,
Number of loans on shares,
Largest loan to any one member,
Smallest loan to any one member,
Amount of expenses of the corporation for the year ending Oct. 31, 1899,
Date of examination by commissioner: January 10.
53
447
136
311
147
45
$3,400 00
50 00
695 60
No. 8.] SAVINGS BANK COMMISSIONERS.
195
RANDOLPH CO-OPERATIVE BANK — RANDOLPH.
Incorporated Jan. 29, 1889. Commenced business Feb. 7, 1889.
Franklin W. Hayden, President. Patrick H. McLaughlin, Secretary and
Treasurer.
Names of security committee :
Henry Dodge, Harvey "W. Boyd,
Franklin W. Hayden.
Regular meetings the first Thursday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
$36,450 00
Dues capital,
$33,960 00
Loans on shares, . .
855 00
Profits capital (all series), .
4,921 56
Temporary expense account,
53 87
Interest, ....
46 64
Real estate by foreclosure, .
1,011 27
Withdrawal profits,
21 68
Unpaid premiums,
1 11
Guaranty fund, . . .
718 71
Unpaid fines, ....
3 72
Surplus, ....
1,287 22
Insurance, ....
12 11
Forfeited share account,
7 61
Mortgage, ....
950 00
Personal account, .
200 00
Cash in hands of treasurer, .
1,426 34
$ 40,963 42
$40,963 42
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Receipts.
Disbursements.
From dues capital,
$12,173 00
For real estate loans, .
$4,450 00
interest.
2,361 15
share loans, .
1,165 00
premiums, .
125 76
dues capital withdrawn,
5,950 00
fines, ....
160 16
dues capital retired,
11,469 00
transfer fees,
25 j
profits capital withdrawn,
1,281 30
real estate loans repaid,
7.250 00
profits capital retired, .
2,357 17
share loans repaid,
1,500 00
temporary expenses,
216 60
withdrawal profits,
72 09
interest on retired shares,
2 63
insurance, .
14 75
repairs, water rates, etc.,
46 49
rent, ....
73 00
insurance,
19 61
real estate by foreclos-
taxes, ....
22 14
ure, ....
674 00
surplus, ....
6 40
retired share account, .
13,826 17
retired share account, .
13,826 17
Cash on hand Oct. 31, 1898, .
4,038 52
$42,268 85
! Cash on hand Oct. 31, 1899,
1,426 34
$42,268 85
196
REPORT OF THE
[Pub. Doc.
Total Amount of Loans at Specified Bates of Interest.
Loans on Real Estate.
Loans on Shares.
Amount.
Rate.
Amount. Rate.
Amount.
Rate.
$8,250 00
25,000 00
2,400 00
6.00 per cent.
6.30 "
6.60 "
$200 00
600 00
6.90 per cent.
7.20 "
$855 00
6.00 per cent.
Reconciliation of Share Account with Dues and Profits Capital.
Date of
oo
CP OS
a
05 ®
a3
.-itf
Issued
?£
03 >.
o
QD
>
02
EH
Feb., 1889, .
1
$176 53
13
$2,294 89
Dues capital, as per gen-
Aug., 1889, .
2
165 60
5
828 00
eral ledger,
$33,960 00
Feb., 1890, .
3
155 03
7
1,085 21
Profits capital, as per
Aug., 1890, .
4
144 84
12
1,738 08
general ledger, .
4,921 56
Feb., 1891, .
5
134 71
4
538 84
Unpaid dues,
756 00
Aug., 1891, .
6
125 03
11
1.375 33
Feb., 1892, .
7
115 63
14
1,618 82
Aug., 1892, .
8
106 48
28
2,981 44
Feb., 1893, .
9
97 70
2
195 40
Aug., 1893, .
10
88 97
10
889 70
Feb., 1894, .
11
80 60
10
806 00
Aug., 1894, .
12
72 46
3
217 38
Feb., 1895, .
13
64 56
68
4,390 08
Aug., 1895, .
14
56 90
58
3,300 20
Feb., 1896, .
15
49 45
74
3,659 30
Aug., 1896, .
16
42 22
54
2,279 88
Feb., 1897, .
17
35 21
84
2,957 64
Aug., 1897, .
18
28 41
121
3,437 61
Feb., 1898, .
19
21 79
105
2,287 95
Aug., 1898, .
20
15 35
56
859 60
Feb., 1899, .
21
9 09
169
1,536 21
Aug., 1899, .
22
3 00
108
324 00
36 00
Total, . .'>...
Dues paid in i
idva
rice, .
•
Total,
$39,637 56
$39,637 56
Number of shares issued during the year 286
Number of shares now in force, 1,016
Number of shares now borrowed upon, 257
Largest number of shares held by any one member, . . . .25
Number of shares withdrawn during the year, 138
Number of shares retired during the year, 156
Highest rate of premium or interest received on money sold during the year :
6 per cent.
Lowest rate of premium or interest received on money sold during the year :
6 per cent.
Rate of profits distributed : 1st term, 2| per cent. ; 2d term, 2| per cent.
Number of members withdrawn during the year, 51
Present number of members, 216
Present number of borrowers, - . . . .63
Present number of non-borrowers, 153
Number of loans secured by first mortgage of real estate, . . .58
Number of loans on shares, 8
Largest loan to any one member,
Smallest loan to any one member,
Amount of expenses of the corporation for the year ending Oct. 31, 1899,
Date of examination by commissioner : March 14.
$1,700 00
25 00
246 60
No. 8.] SAVINGS BANK COMMISSIONERS.
197
READING CO-OPERATIVE BANK — READING.
Incorporated Nov. 27, 1886. Commenced business Dec. 6, 1886.
Wendell Bancroft, President. Harry P. Bosson, Secretary.
Edgar N. Hunt, Treasurer.
Names of security committee :
Moses E. Nichols, Merrick A. Stone,
Lewis M. Bancroft.
Regular meetings the first Monday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on veal estate,
Loans on shares, .
Real estate by foreclosure, .
Unpaid interest,
Insurance account,
Cash in hands of secretary, .
Cash in hands of treasurer, .
$233,704 00
8,882 00
16,280 05
2,000 00
12 25
512 49
10,624 66
Dues capital,
Profits capital (all series), .
Guaranty fund, .
Surplus, ....
Forfeited share account,
Due on mortgage loans,
$224,926 00
42,896 38
1,150 00
343 57
49 50
2,650 00
$272,015 45
$272,015 45
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. SI, 1899.
Receipts.
Disbursements.
From dues capital,
$61,855 00
For real estate loans, .
$65,105 00
interest,
13,912 57
share loans, .
6,232 00
premiums, .
1,051 97
dues capital withdrawn,
29,912 00
fines, ....
682 65
dues capital forfeited, .
1,084 00
transfer fees,
4 25
dues capital retired,
14,046 00
real estate loans repaid,
37,762 00
dues capital matured, .
2,785 00
real estate loans elimi-
profits capital withdrawn,
4,916 50
nated by foreclosure,
16,120 00
profits capital forfeited,
249 01
share loans repaid,
4,360 00
profits capital retired, .
5,705 03
withdrawal profits,
281 04
profits capital matured,
1,265 60
forfeiture profits, .
48 54
temporary expenses,
987 79
forfeited shares, .
2 00
forfeited shares,
2 00
incomplete real estate
insurance,
86 50
loans,
2,650 00
real estate expense,
1,144 31
insurance, .
119 55
real estate by foreclosure,
16,354 62
rent, ....
472 50
security committee,
27 85
real estate by fore-
incomplete real estate
closure,
16,637 10
loans, ....
750 00
security committee,
5 00
interest on matured
profits capital,
39 60
shares,
39 60
Cash on hand Oct. 31, 1898, .
5,826 19
Cash on hand Oct. 31, 1899,
11,137 15
$161,829 96
$161,829 96
198
REPORT OF THE
[Pub. Doc.
Total Amount of Loans at Specified Rates of Interest.
Loans on Kkal Estate.
Loans on Shares.
Amount.
Rate.
Amount.
Rate.
Amount.
Rate.
$32,523 00
6.00 per cent.
$840 00
7.50 per cent.
$150 00
6.00 per cent.
4,800 00
6.25 "
450 00
7.80 "
362 00
6.25 "
119,278 00
6.30 "
100 00
8.10 "
5,890 00
6.30 "
56,913 00
6.60 "
750 00
8.70 "
1,180 00
6 60 "
18,050 00
6.90 »
1,300 00
6.90 "
Reconciliation of Share Account with Dues and Profits Capital.
Date op
CD
u
Q.OI
o> en
CO o
aj
a
Issue.
'u
3.C
"Sod
a °
o
oo
>
02
H
June, 1888, .
4
$195 88
19
$3,721 72
Dues capital, as per gen-
Dec, 1888, .
5
184 05
35
6,441 75
eral ledger,
$224,926 00
June, 1889, .
6
172 57
94
16,221 58
Profits capital, as per
Dec, 1889, .
7
161 48
63
10,173 24
general ledger, .
42,896 38
June, 1890, .
8
150 76
86
12,965 36
Unpaid dues,
3,615 00
Dec, 1890, .
9
140 34
86
12,069 24
June, 1891, .
10
130 27
100
13,027 00
Dec, 1891, .
11
120 51
85
10,243 35
June, 1892, .
12
111 03
125
13,878 75
Dec, 1892, .
13
101 83
183
18,634 89
May, 1893, .
14
94 34
92
8,679 28
Nov., 1893, .
15
85 67
127
10,880 09
May, 1894, .
16
77 28
162
12,519 36
Nov., 1894, .
17
69 13
234
16,176 42
May, 1895, .
18
61 24
288
17,637 12
Nov., 1895, .
19
53 59
279
14,951 61
May, 1896, .
20
46 19
422
19,492 18
Nov., 1896, .
21
39 00
234
9,126 00
May, 1897, .
22
32 03
497
15,918 91
Nov., 1897, .
23
25 27
388
9,804 76
May, 1898, .
24
18 70
473
8,845 10
Nov., 1898, .
25
12 31
549
6,758 19
May, 1899, .
26
6 08
529
3,216 32
55 00
Dues paid in advance, .
Total,
•
•
$271,437 38
Total
• •
•
$271,437 38
Number of shares issued during the year, 1,155
Number of shares now in force, 5,150
Number of shares now borrowed upon, 1,377
Largest number of shares held by any one member, .... 25
Number of shares withdrawn during the year, . . ... 834
Number of shares forfeited during the year 68
Number of shares retired during the year, 110
Number of shares matured during the year 20
Highest rate of premium or interest received on money sold during the year :
7 2-10 per cent.
Lowest rate of premium or interest received on money sold during the year :
6 per cent.
Rate of profits distributed : 1st term, 2£ per cent. ; 2d term, 2£ per cent.
No. 8.] SAVINGS BANK COMMISSIONERS. 199
Number of members withdrawn during the year, 96
Present number of members, 643
Present number of borrowers, 193
Present number of non-borrowers, 450
Number of loans secured by first mortgage of real estate, . . . 166
Number of loans on shares, 27
Largest loan to any one member, $5,000 00
Smallest loan to any one member, 20 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, . 987 79
Date of examination by commissioner : September 26.
200
KEPORT OF THE
[Pub. Doc,
RELIANCE CO-OPERATIVE BANK — CAMBRIDGE.
Incorporated July 16, 1889. Commenced business July 16, 1889.
Joseph G. Thorp, President. Edward W. White, Secretary and Treasurer.
Names of security committee :
George H. Stearns, Isaac McLean,
Herman Bird, Wm. P. Brown,
Robert Butterworth.
Regular meetings the second Wednesday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
|254,886 00
Dues capital,
$238,379 00
Loans on shares, .
17,758 00
Profits capital (all series), .
38,192 22
Permanent expense account,
361 14
Interest, ....
4,826 18
Temporary expense account,
309 90
Premiums, .
73 68
Real estate by foreclosure, .
2,520 74
Fines, .
158 02
Unpaid interest,
1,924 80
Transfer fees,
25
Unpaid premiums,
40 93
Withdrawal profits,
154 12
Unpaid fines, ....
228 42
Guaranty fund, .
2,063 89
Rent account,
46 50
Surplus,
578 82
Taxes paid, ....
43 10
Forfeited share account,
41 48
Cash in hands of treasurer, .
6,358 13
Security committee,
10 00
^284,477 66
$284,477 66
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Receipts.
DlSBDRSEMENTS.
From dues capital,
$70,476 00
For real estate loans, .
$82,531 00
interest,
14,239 57
share loans, .
16,853 00
premiums, .
229 83
dues capital withdrawn,
26,523 00
fines, ....
442 45
dues capital forfeited, .
351 00
transfer fees,
1 50
dues capital retired,
9,938 00
real estate loans repaid,
43,710 00
profits capital withdrawn,
4,065 30
share loans repaid,
8,625 00
profits capital forfeited,
34 05
withdrawal profits,
297 83
profits capital retired, .
2,392 96
forfeiture profits, .
8 85
temporary expenses,
1,145 48
forfeited shares, .
374 65
permanent expenses,
196 00
security committee,
42 50
forfeited shares,
586 00
rents, ....
223 00
security committee,
67 50
Cash on hand Oct. 31, 1898, .
12,524 35
taxes and repairs on
foreclosed real estate,
111 01
taxes paid,
43 10
Cash on hand Oct. 31, 1899,
6,358 13
$151,195 53
$151,195 53
No. 8.] SAVINGS BANK COMMISSIONERS.
201
Total Amount of Loans at Specified Rates of Interest.
Loans on Real Estate.
Loans on Shares.
Amount.
Rate.
Amount.
Rate.
Amount.
Rate.
$85,331 00
4,300 00
120,430 00
40,325 00
5.00 per cent.
5.10 «
6.00 "
6.30 "
$1,500 00
3,000 00
6.60 per cent.
6.90 "
$9,190 00
450 00
7,828 00
290 00
5.00 per cent.
5.10 "
6.00 "
6.30 "
Reconciliation of Share Account with Dues and Profits Capital.
Date of
oj
o •
® 08
c .
CO o
<V l-c
6
Issue.
°c
b °
J3"
O
CB
>
CZ3
EH
July, 1889, .
1
$167 56
116
$19,436 96
Dues capital, as per gen-
Jan., 1890, .
2
156 87
87
13,647 69
eral ledger,
$238,379 00
July, 1890, .
3
146 51
60
8,790 60
Profits capital, as per
Jan., 1891, .
4
136 47
101
13,783 47
general ledger, .
38,192 22
July, 1891, .
5
126 69
86
10,895 34
Unpaid dues,
3.830 00
Jan., 1892, .
6
117 18
101
11,835 18
July, 1892, .
7
107 94
148
15,975 12
Jan., 1893, .
8
98 99
64
6,335 36
July, 1893, .
9
90 31
115
10,385 65
Jan., 1894, .
10
81 87
223
18,257 01
July, 1894, .
11
73 68
158
11,641 44
Jan., 1895, .
12
65 74
411
27,019 14
July, 1895, .
13
58 04
316
18,340 64
Jan., 1896, .
14
50 58
361
18,259 38
July, 1896, .
15
43 34
313
13,565 42
Jan., 1897, .
16
36 27
420
15,233 40
July, 1897, .
17
29 41
420
12,352 20
Jan., 1898, .
18
22 80
675
15,390 00
July, 1898, .
19
16 36
407
6,658 52
Jan., 1899, .
20
10 10
917
9,261 70
July, 1899, .
21
4 00
766
3,064 00
273 00
Total, .
Dues paid in a
idva
nee, .
•
Total,
$280,401 22
$280,401 22
Number of shares issued during the year,
Number of shares now in force, ....
Number of shares now borrowed upon, .
Largest number of shares held by any one member,
Number of shares withdrawn during the year,
Number of shares forfeited during the year, .
Number of shares retired during the year,
Highest rate of premium or interest received on money sold
6 per cent.
Lowest rate of premium or interest received on money sold
5 per cent.
Rate of profits distributed : 1st term, 2J per cent. ; 2d term
Number of members withdrawn during the year, .
Present number of members
Present number of borrowers,
Present number of non-borrowers,
Number of loans secured by first mortgage of real estate,
Number of loans on shares,
Largest loan to any one member,
Smallest loan to any one member,
Amount of expenses of the corporation for the year ending
Date of examination by commissioner : January 16.
1,800
6,265
1,857
. 25
. 881
. 15
. 123
during the year :
during the year :
2| per cent.
. 107
. 731
. 163
. 568
. 137
. 94
Oct. 31, 1899,
$5,000 00
17 00
1,196 70
202
REPORT OF THE
[Pub. Doc.
ROGER CONANT CO-OPERATIVE BANK - SALEM.
Incorporated Nov. 9, 1894. Commenced business Nov. 13, 1894.
Charles B. Balcomb, President. Robert B. Buckham, Secretary and Treasurer.
Names of security committee :
John M. Foster, "William D. Northend,
William Leonard, John J. Sheehan,
Wm. F. M. Collins.
Regular meetings the second Tuesday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
Loans on shares, .
Permanent expense account, .
Temporary expense account,
Unpaid interest,
Unpaid premiums,
Unpaid fines, ....
Cash in hands of treasurer, .
$40,500 00
510 00
65 00
65 00
508 50
28 00
53 07
2,679 08
Dues capital,
Profits capital (all series), .
Guaranty fund, .
Surplus, ....
Forfeited share account,
$38,921 00
4,819 54
287 68
371 43
9 00
$44,408 65
$44,408 65
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Receipts.
Disbursements.
From dues capital,
$13,803 00
For real estate loans,
$14,000 00
interest,
1,881 01
share loans, .
445 00
premiums, .
117 15
dues capital withdrawn,
4,416 00
fines, ....
56 18
profits capital withdrawn,
422 10
transfer fees,
1 75
temporary expenses,
247 39
real estate loans repaid,
4,350 00
forfeited shares,
5 00
share loans repaid,
1,680 00
Cash on hand Oct. 31, 1899,
2,679 08
withdrawal profits,
127 19
forfeited shares, .
5 00
Cash on hand Oct, 31, 1898, .
193 29
$22,214 57
$22,214 57
No. 8.] SAVINGS BANK COMMISSIONED.
203
Total Amount of Loans at Specified Rates of Interest.
Loans on Real Estate.
Loans on Shares.
Amount.
Rate.
Amount.
Rate.
Amount.
Rate.
$39,150 00
650 00
6.30 per cent.
6.60 "
$300 0 0
400 00
7.20 per cent.
8.10
$510 00
6.30 per cent.
Reconciliation of Share Account with Dues and Profits Capital.
Date of
CO
CO CJ
0 b
r^ Si
-
Issue.
3£
K Jr.
O
SO
>
00
H
Nov., 1894, .
1
$69 93
294
$20,559 42
Dues capital, as per gen-
May, 1895, .
2
61 97
48
2,974 56
eral ledger,
$38,921 00
Nov., 1895, .
3
54 24
45
2,440 80
Profits capital, as per
May, 1896, .
4
46 74
69
3,225 06
general ledger, .
4,819 54
Nov., 1896, .
5
39 46
85
3,354 10
Unpaid dues,
919 00
May, 1897, .
6
32 39
79
2,558 81
Nov., 1897, .
7
25 52
159
4,057 68
May, 1898, .
8
18 85
133
2,507 05
Nov., 1898, .
9
12 38
142
1,757 96
May, 1899,
10
6 10
181
1,104 10
120 00
Total,
Dues paid in
adva
nee, .
•
Total,
$44,659 54
$44,659 54
Number of shares issued during the year, 354
Number of shares now in force 1,235
Number of shares now borrowed upon, 263
Largest number of shares held by any one member, .... 25
Number of shares withdrawn during the year, 199
Number of shares forfeited during the year, 1
Highest rate of premium or interest received on money sold during the year :
5 cents premium.
Lowest rate of premium or interest received on money sold during the year :
5 cents premium.
Rate of profits distributed : 1st term, 3 per cent. ; 2d term, 3 per cent.
Number of members withdrawn during the year, 29
Present number of members, 208
Present number of borrowers, 44
Present number of non-borrowers, 164
Number of loans secured by first mortgage of real estate, ... 46
Number of loans on shares 5
Largest loan to any one member, $3,000 00
Smallest loan to any one member 10 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, . 257 39
Date of examination by commissioner: March 21.
204
REPORT OF THE
[Pub. Doc.
ROSLINDALE CO-OPERATIVE BANK— ROSLIND ALE.
Incorporated March 7, 1898. Commenced business April 20, 1898.
Isaiah B. Hamblen, President. George W. P. Babb, Secretary and Treasurer.
Names of security committee :
Arthur Mc Arthur, Isaiah B. Hamblen,
Abram P. Hodgdon. .
Regular meetings the third Wednesday in each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
Loans on shares, .
Permanent expense account,
Unpaid fines, ....
Cash in hands of treasurer, .
$5,000 00
300 00
165 00
9 68
2,570 75
Dues capital,
Profits capital (all series), .
Interest, . . . .
Fines,
Guaranty fund, .
Surplus, ....
$7,823 00
163 50
48 59
3 78
1 89
4 67
$8,045 43
$8,045 43
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Receipts.
Disbursements.
From dues capital,
interest,
fines, ....
transfer fees,
Cash on hand Oct. 31, 1898, .
$6,153 00
222 14
23 93
50
1,794 29
For real estate loans, .
share loans, .
dues capital withdrawn,
profits capital withdrawn,
temporary expenses,
permanent expenses,
Cash on hand Oct. 31, 1899,
$4,400 00
30.0 00
857 00
6 65
23 36
36 10
2,570 75
$8,193 86
$8,193 86
No. 8.] SAVINGS BANK COMMISSIONERS.
205
Total Amount of Loans at Specified Rates of Interest.
Loans on Real Estate.
Loans on Shakes.
Amount.
Rate.
Amount.
Rate.
Amount.
Rate.
$5,000 00
5.00 per cent.
-
-
$300 00
5.00 per cent.
Reconciliation of Share Account with Dues and Profits Capital.
Date of
Issue.
09
.2
0)
0O
u
"3 50
>
a
ot, 6
a> o
a p
GO
a
o
H
April, 1898, .
Oct., 1898, .
April, 1899, .
Oct., 1899, .
1
2
3
4
$19 45
13 21
7 06
1 00
287
131
114
68
$5,582 15
1,730 51
804 84
68 00
11 00
Dues capital, as per gen-
eral ledger,
Profits capital, as per
general ledger, .
Unpaid dues,
Total, .
$7,823 00
163 50
210 00
Dues paid in advance, .
Total,
$8,196 50
$8,196 50
Number of shares issued during the year, 271
Number of shares now in force, 600
Number of shares now borrowed upon, 92
Largest number of shares held by any one member, .... 25
Number of shares withdrawn during the year, 90
Highest rate of premium or interest received on money sold during the year :
5 per cent.
Lowest rate of premium or interest received on money sold during the year :
5 per cent.
Rate of profits distributed : 1st term, 2£ per cent. ; 2d term, 1J per cent.
Number of members withdrawn during the year, 18
Present number of members, 128
Present number of borrowers 9
Present number of non-borrowers, 119
Number of loans secured by first mortgage of real estate, ... 6
Number of loans on shares, 3
Largest loan to any one member, $1,800 00
Smallest loan to any one member, 50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, . 35 84
Date of examination by commissioner: October 23.
206
KEPORT OF THE
[Pub. Doc.
ROXBURY CO-OPERATIVE B ANK — (ROXBURY DIS-
TRICT) BOSTON.
Incorporated Oct. 3, 1889. Commenced business Nov. 1, 1889.
Joseph Engel, President. Thomas J. Sproul, Secretary and Treasurer.
Names of security committee
Robert A. Watson,
James W. Colgan,
Frederick Bleiler,
Amos M. Leonard.
Regular meetings the first business day of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
Loans on shares, .
Unpaid interest,
Unpaid premiums,
Unpaid fines, ....
Cash in hands of treasurer, .
$203,500 00
10,575 00
331 33
1 60
23 35
9,990 23
$224,421 51
Dues capital,
Profits capital (all series) , .
Guaranty fund, .
Surplus, ....
$190,193 00
30,291 67
2,100 00
1,836 84
$224,421 51
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31,1899.
Receipts.
Disbursements.
From dues capital,
$63,607 00
For real estate loans, .
$88,525 00
interest,
11,880 68
share loans, . .
11,430 00
premiums, .
17 90
dues capital withdrawn,
36,236 00
fines
239 75
dues capital retired,
1,178 00
transfer fees,
1 25
profits capital withdrawn,
4,517 62
real estate loans repaid,
68,550 00
profits capital retired, .
206 04
share loans repaid,
8,225 00
temporary expenses,
1,241 50
withdrawal profits,
556 56
interest on retired shares,
17 20
temporary expense,
168 00
Cash on hand Oct. 31, 1899,
9,990 23
Cash on hand Oct. 31, 1898, .
95 45
-
$153,341 59
$153,341 59
No. 8.] SAVINGS BANK COMMISSIONERS.
207
Total Amount of Loans at Specified Rates of Interest.
Loans on Real Estate.
Loans ok Shares.
Amount.
Kate.
Amount.
Rate.
Amount.
Rate.
$128,600 00
5.00 per cent.
$61,900 00
6.00
per cent.
$10,575 00
6.25 per cent.
13,000 00
5.50 "
Reconciliation of Share Account with Dues and Profits Capital.
Date of
GO
U
a .
CO o
£ 2
Issue.
*s<
5-s
oo
>
OQ
H
Nov., 1889, .
1
$163 44
62
$10,133 28
Dues capital, as per gen-
May, 1890, .
2
152 76
25
3,819 00
eral ledger, .
$190,193 00
Nov., 1890, .
3
142 41
60
8,544 60
Profits capital, as per
May, 1891, .
4
132 36
42
5,559 12
general ledger, .
30,291 67
Nov., 1891, .
5
122 60
122
14,957 20
Unpaid dues,
1,020 00
May, 1892, .
6
113 15
68
7,694 20
Nov., 1892, .
7
103 95
63
6,548 85
May, 1893, .
8
95 03
90
8,552 70
Nov., 1893, .
9
86 37
57
4,923 09
May, 1894, .
10
77 96
262
20,425 52
Nov., 1894, .
11
69 77
260
18,140 20
May, ls95, .
12
61 82
304
18,793 28
Nov., 1895, .
13
54 11
263
14,230 93
May, 1896, .
14
46 63
372
17,346 36
Nov., 1896, .
15
39 37
296
11,653 52
May, 1897, .
16
32 32
404
13,057 28
Nov., 1897, .
17
25 46
512
13,035 52
May, 1898, .
18
18 81
589
11,079 09
Nov., 1898, .
19
12 36
742
9,171 12
May, 1899, .
20
6 09
609
3,708 81
131 00
Dues paid in advance, .
Total,
•
$221,504 67
Total
I, . .
•
$221,504 67
Number of shares issued during the year 1,563
Number of shares now in force, 5,202
Number of shares now borrowed upon, 1,295
Largest number of shares held by any one member, .... 25
Number of shares withdrawn during the year, .... 1,203
Number of shares retired during the year, 17
Highest rate of premium or interest received on money sold during the year :
6| per cent.
Lowest rate of premium or interest received on money sold during the year :
5 per cent.
Rate of profits distributed : 1st term, 3 per cent. ; 2d term, 2| per cent.
Number of members withdrawn during the year, 125
Present number of members, 525
Present number of borrowers, 110
Present number of non-borrowers, 415
Number of loans secured by first mortgage of real estate, ... 78
Number of loans on shares, 32
Largest loan to any one member, $5,000 00
Smallest loan to any one member, 50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, . 1,073 50
Date of examination by commissioner : March 9.
REPORT OF THE
[Pub. Doc.
SALEM CO-OPERATIVE BANK- SALEM.
Incorporated April 7, 1888. Commenced business April 13, 1888.
E. Augustus Mackintire, President. Albert C. Mackintire, Secretary and
Treasurer.
Names of security committee :
George W. Pickering, Franois A. Newell,
E. Augustus Mackintire.
Regular meetings the second Friday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
% 265,575 00
Dues capital,
$230,998 00
Loans on shares, .
6,380 00
Profits capital (all series), .
47,912 71
Temporary expense account,
61 00
Interest, ....
1,510 38
Real estate by foreclosure, .
13,354 57 |
Premiums, ....
107 00
Unpaid interest,
2,833 09
Fines,
59 19
Unpaid premiums,
192 70 i
Transfer fees,
25
Unpaid fines, ....
279 68
Withdrawal profits,
16 78
Cash in hands of treasurer, .
4,451 94
Guaranty fund, .
3,451 29
Surplus, ....
9,041 98
Forfeited share account,
30 40
$293,127 98
8293,127 98
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 51, 1899.
Receipts.
Disbursements.
From dues capital,
$67,743 00
For real estate loans, .
$33,475 00
interest,
17,231 72
share loans, .
5,860 00
premiums, .
1,131 10
dues capital withdrawn,
31,475 00
fines, ....
455 32
dues capital forfeited, .
1,549 00
transfer fees,
1 75
dues capital retired,
28,250 00
real estate loans repaid,
30,950 00
dues capital matured, .
13,038 00
real estate loans elimi-
profits capital withdrawn,
5,929 97
nated by foreclosure,
7,950 00
profits capital forfeited,
329 85
real estate loans elimi-
profits capital retired, .
5,124 03
nated by maturity of
profits capital matured,
5,734 94
shares,
3,700 00
temporary expenses,
1,537 38
share loans repaid,
4,010 00
forfeited shares,
1,267 74
withdrawal profits,
143 83
real estate bv foreclosure,
9,420 17
forfeiture profits, .
1 20
personal account, .
48 43
forfeited shares, .
1,456 71
Cash on hand Oct. 31, 1899,
4,451 94
rents, ....
199 66
l
real estate by foreclos-
ure, ....
1,702 27
Cash on hand Oct. 31, 1898, .
10,814 89
^
$147,491 45
$147,491 45
No. 8.] SAVINGS BANK COMMISSIONED.
209
Total Amount of Loans at Specified Rates of Interest.
Loans on Real Estate.
Loans on Shakes.
Amount.
Rate.
Amount.
Rate.
Amount.
Rate.
$221,900 00
17,525 00
12,800 00
6.30 per cent.
6.60 "
6.90 "
$10,500 00
2,500 00
350 00
7.20 per cent.
7.50 "
7.80 "
$6,180 00
200 00
6.30 per cent.
6.60 "
Eeconciliation of Share Account with Dues and Profits Capital,
Date of
oo
a> as
c .
<0
3
^-"oS
Issue.
'u
3-G
05 ^.
S3>
02
>
m
H
Oct , 1888, .
2
$188 23
98
$18,446 54
Dues capital, as per gen-
April, 1889, .
3
176 79
77
13,612 83
eral ledger,
$230,998 00
Oct., 1889, .
4
165 78
81
13,428 18
Profits capital, as per
April, 1890, .
5
154 89
85
13,165 65
general ledger, .
47,912 71
Oct., 1890, .
6
144 42
103
14,875 26
Unpaid dues,
3,518 00
April, 1891, .
7
134 25
113
15,170 25
Oct., 1891, .
8
124 38
148
18,408 24
April, 1892, .
9
114 81
92
10,562 52
Oct., 1892, .
10
105 51
110
11,606 10
April, 1893, .
11
96 48
88
8,490 24
Oct., 1893, .
12
87 71
140
12,279 40
April, 1894, .
13
79 25
133
10,540 25
Oct., 1894, .
14
71 04
160
11,366 40
April, 1895, .
15
63 06
290
18,287 40
Oct., 1895, .
16
55 31
258
14,269 98
April, 1896, .
17
47 79
325
15,531 75
Oct., 1896, .
18
40 50
329
13,324 50
April, 1897, .
19
33 42
441
14,738 22
Oct., 1897, .
20
26 53
500
13,265 00
April, 1898, .
21
19 85
434
8,614 90
Oct , 1898, .
22
13 38
495
6,623 10
April, 1899, .
23
7 10
740
5,254 00
Oct., 1899, .
24
1 00
320
320 00
248 00
Total, .
Dues paid in
adva
nee, .
. .
Total,
$282,428 71
$282,428 71
Number]of shares issued during the year,
Number of shares now in force, ....
Number of shares now borrowed upon, .
Largest number of shares held by any one member,
Number of shares withdrawn during the year,
Number of shares forfeited during the year, .
Number of shares retired during the year,
Number of shares matured during the year, .
Highest rate of premium or interest received on money sold
5 cents premium.
Lowest rate of premium or interest received on money sold
5 cents premium.
Rate of profits distributed : 1st term, 3 per cent. ; 2d term,
Number of members withdrawn during the year, .
Present number of members,
Present number of borrowers,
Present number of non-borrowers,
Number of loans secured by first mortgage of real estate,
Number of loans on shares,
Largest loan to any one member,
Smallest loan to any one member,
Amount of expenses of the corporation for the year ending
Date of examination by commissioner : January 20.
1,171
5,560
1,517
25
698
66
440
94
during the year :
during the year :
3 per cent.
115
880
223
657
252
42
Oct. 31, 1899,
$5,000 00
15 00
1,537 38
210
EEPORT OF THE
[Pub. Doc.
SANDWICH CO-OPERATIVE BANK — SANDWICH.
Incorporated Oct. 1, 1885. Commenced business Dec. 15, 1885.
Edward B. Howland, President. W. H. Heald, Secretary and Treasurer.
Names of security committee :
L. S. Nye, John McCann,
E. S. Talbot.
Regular meetings the third Tuesday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Loans on real estate,
Loans on shares, .
Temporary expense account
Real estate by foreclosure,
Suspense account, .
Taxes paid, ...
Cash in hands of treasurer,
Liabilities.
Dues capital,
Profits capital (all series),
Interest,
Fines, .
Withdrawal profits,
Guaranty fund, .
Surplus,
Rent account,
$16,169 00
2,142 73
464 44
50 92
4 45
74 82
304 77
104 00
$19,315 13
Detailed Statement of Beceipts and Disbursements for the Year ending
Oct. 31, 1899.
Receipts.
From dues capital,
interest,
fines,
transfer fees,
real estate loans repaid
share loans repaid,
withdrawal profits,
rent,
Cash on hand Oct. 31, 1898,
$5,771 00
842 50
100 82
25
800 00
425 00
23 24
119 00
1,994 72
$10,076 53
Disbursements.
For real estate loans, .
dues capital withdrawn
dues capital retired,
profits capital withdrawn,
profits capital retired,
temporary expenses,
interest on retired shares
Cash on hand Oct. 31, 1899
$2,900 00
2,523 00
1,473 00
93' 13
1,007 80
226 86
39 63
33 02
1,780 09
$10,076 53
No. 8.] SAYINGS BANK COMMISSIONERS.
211
Total Amount of Loans at Specified Rates of Interest.
Loans on Real Estate.
Loans on Shakes.
Amount.
Rate.
Amount.
Rate.
Amount.
Rate.
$5,800 00
5 per cent.
$700 00
6| per cent.
$275 00
5 per cent.
1,300 00
H "
100 00
6& "
50 00
5| "
700 00
5|
850 00
7
50 00
5| "
1,350 00
5|
250 00
7J «
50 00
6 "
600 00
6 "
50 00
1\ «
100 00
6i "
200 00
6 1-16 "
100 00
U "
1,000 00
6|
450 00
7| "
1,500 00
6|
500 00
8 «'
200 00
6£
100 00
H "
50 00
6f "
50 00
81 «
Reconciliation of Share Account with Dues and Profits Capital.
Date of
GO
eper
are.
« .
CO o
a
Issue.
'S
£ °
O
CO
>
co
H
June, 1887, .
4
$199 94
1
$199 94
Dues capital, as per gen-
Dec, 1887, .
5
189 59
1
189 59
eral ledger,
$16,169 00
Dec, 1888, .
7
169 36
12
2,032 32
Profits capital, as per
June, 1889, .
8
159 57
6
957 42
general ledger, .
2,142 73
Dec, 1889, .
9
150 05
4
600 20
"Unpaid dues,
371 00
June, 1890, .
10
140 74
1
140 74
Dec, 1890, .
11
131 63
3
394 89
June, 1891, .
12
122 74
3
368 22
Dec, 1891, .
13
113 99
7
797 93
June, 1892, .
14
105 42
9
948 78
Dec, 1892, .
15
97 04
7
679 28
June, 1893, .
16
88 86
6
533 16
Dec, 1893, .
17
80 87
11
889 57
June, 1894, .
18
73 09
9
657 81
Dec, 1894, .
19
65 51
22
1,441 22
June, 1895, .
20
58 07
16
929 12
Dec, 1895, .
21
50 85
12
610 20
June, 1896, .
22
43 80
32
1,401 60
Dec, 1896, .
23
36 91
23
848 93
June, 1897, .
24
30 21
16
483 36
Dec, 1897, .
25
23 66
12
283 92
May, 1898, .
26
18 33
25
458 25
Nov., 1898, .
27
12 08
191
2,307 28
May, 1899, .
28
6 00
84
501 00
25 00
Total,
Dues paid in i
idva
ace, .
•
Total,
$18,682 73
$18,682 73
Number of shares issued during the year,
Number of shares now in force, ....
Number of shares now borrowed upon, .
Largest number of shares held by any one member,
Number of shares withdrawn during the year,
Number of shares retired during the year,
288
513
103
20
47
20
212 REPORT OF THE [Pub. Doc.
Highest rate of premium or interest received on money sold during the year :
7| per cent.
Lowest rate of premium or interest received on money sold during the year :
5 per cent.
Rate of profits distributed : 1st term, 2^ per cent. ; 2d term, 2£ per cent.
Number of members withdrawn during the year, 10
Present number of members, 154
Present number of borrowers, 48
Present number of non-borrowers, 106
Number of loans secured by first mortgage of real estate, ... 49
Number of loans on shares, 8
Largest loan to any one member, $1,200 00
Smallest loan to any one member, 50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, . 226 86
Date of examination by commissioner : July 17.
No. 8.] SAVINGS BANK COMMISSIONERS.
213
SECURITY CO-OPERATIVE BANK — BROCKTON.
Incorporated Dec. 17, 1877. Commenced business Dec. 20, 1877.
Bradford E. Jones, President. Henry C. Gurnet, Secretary.
Fred B. Howard, Treasurer.
Names of security committee :
Lorenzo F. Severance, William H. Savage,
Thaddeus E. Gifford.
Regular meetings the third Thursday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
$165,775 00
Dues capital,
$173,382 00
Loans on shares, .
4,680 00
Profits capital (all series), .
17,414 75
Permanent expense account, .
116 75
Interest, ....
4,281 20
Temporary expense account,
438 54
Premiums, .
453 65
Real estate by foreclosure, .
9,944 63
Fines, .
130 23
Unpaid interest,
1,491 39
Transfer fees,
75
Unpaid premiums,
165 20
Withdrawal profits,
319 98
Unpaid fines, ....
111 16
Guaranty fund, .
1,504 50
Cash in hands of secretary, .
163 65
Surplus,
598 11
Cash in hands of treasurer, .
15,225 36
Forfeited share account,
26 51
$198,111 68
$198,111 68
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Receipts.
From dues capital,
interest,
premiums, .
fines,
transfer fees,
real estate loans repaid,
real estate loans elimi-
nated by foreclosure,
real estate loans elimi-
nated by maturity of
shares,
share loans repaid,
withdrawal profits,
forfeiture profits, .
real estate by foreclos-
ure, . . . .
Cash on hand Oct. 31, 1898, .
$67,501 00
10,970 68
1,145 70
285 38
3 25
32,105 00
2,000 00
6,900 00
7,065 00
638 62
19 00
3,268 27
2,160 26
$134,062 16
Disbursements.
For real estate loans, .
share loans, .
dues capital withdrawn
dues capital forfeited,
dues capital retired,
dues capital matured,
profits capital withdrawn,
profits capital forfeited,
profits capital retired,
profits capital matured
temporary expenses,
permanent expenses,
interest on retired shares,
real estate by foreclosure,
Cash on hand Oct. 31, 1899,
$30,800 00
5,600 00
18,543 00
300 00
41,940 00
5,483 00
2,499 93
76 30
6,912 94
2,186 35
1,477 24
16 75
346 96
2,490 68
15,389 01
$134,062 16
214
REPORT OF THE
[Pub. Doc.
Total Amount of Loans at Specified Rates of Interest.
Loans on Real Estate.
Loans on Shakes.
Amount.
Rate.
Amount.
Rate.
Amount.
Rate.
$164,225 00
1,400 00
6.60 per cent.
6.90 "
$150 00
7 . 20 per cent.
$4,680 00
6.60 per cent.
Reconciliation of Share Account with Dues and Profits Capital.
Number of shares issued during the year,
Number of shares now in force, ....
Number of shares now borrowed upon, .
Largest number of shares held by any one member,
Number of shares withdrawn during the year,
Number of shares forfeited during the year, .
Number of shares retired during the year,
Number of shares matured during the year, .
Highest rate of premium or interest received on money sold
10 cents premium.
Lowest rate of premium or interest received on money sold
10 cents premium.
Rate of profits distributed : 1st term, 2£ per cent. ; 2d term,
Number of members withdrawn during the year, .
Present number of members,
Present number of borrowers,
Present number of non-borrowers,
Number of loans secured by first mortgage of real estate,
Number of loans on shares, ......
Largest loan to any one member,
Smallest loan to any one member,
Amount of expenses of the corporation for the year ending
Date of examination by commissioner : March 10.
1,513
5,572
1,155
25
674
10
640
35
during the year :
during the year :
2A per cent.
. 113
. . .713
. 170
. 543
. 192
. . 43
Oct. 31, 1899,
$5,000 00
10 00
1,502-24
No. 8.] SAVINGS BANK COMMISSIONERS.
215
SOMERVILLE CO-OPERATIVE BANK — SOMERVILLE.
Incorporated May 4, 1880. Commenced business June 7, 1880.
J. Frank Wellington, President. Franklin J. Hamblin, Secretary and
Treasurer.
Names of security committee :
Benjamin F. Thompson, Nathan H. Reed,
Marshall H. Locke.
Regular meetings the first Monday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
Loans on shares, .
Permanent expense account,
Temporary expense account,
Real estate by foreclosure, .
United States bonds,
Bond premium account,
Cash in hands of treasurer, .
$522,459 58
27,600 00
600 00
110 60
9,834 13
20,000 00
1,620 00
18,999 45
Dues capital,
Profits capital (all series) , .
Interest, ....
Premiums, ....
Fines,
Withdrawal profits,
Guaranty fund, .
Surplus, ....
Forfeited share account,
$504,977 00
86,453 32
2,651 72
17 11
116 16
89 43
3,400 00
3,373 86
145 16
$601,223 76
$601,223 76
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Receipts.
Disbursements.
From dues capital,
$140,538 00
For real estate loans, .
$104,609 58
interest,
30,318 12
share loans, .
20,900 00
premiums, .
287 30
dues capital withdrawn,
77,413 00
fines, ....
1,291 71
dues capital forfeited, .
845 00
transfer fees,
1 75
dues capital retired,
63,204 00
real estate loans repaid,
113,205 19
dues capital matured, .
6,069 00
real estate loans elimi-
profits capital withdrawn,
12,247 56
nated by foreclosure,
9,144 88
profits capital forfeited, .
130 24
real estate loans elimi-
profits capital retired, .
18,531 29
nated by maturity of
profits capital matured, .
2,636 74
shares,
8,500 00
temporary expenses,
1,930 10
share loans repaid,
14,750 00
forfeited shares,
738 79
withdrawal profits,
773 08
interest on retired shares,
1,031 51
forfeiture profits, .
11 26
security committee,
235 00
forfeited shares, .
738 79
finance committee,
105 50
bond premiums, .
330 00
real estate by foreclosure,
9,834 13
insurance, .
9 00
Cash on hand Oct. 31, 1899, .
18,999 45
Cash on hand Oct. 31, 1898, .
19,561 81
$339,460 89
$339,460 89
216
REPORT OF THE
[Pub. Doc.
Total Amount of Loans at Specified Rates of Interest.
Loans on Real Estate.
Loans on Shares.
Amount.
Rate.
Amount. Rate.
Amount.
Rate.
$315,159 58
64,250 00
69,200 00
5.00 per cent.
5.25 "
5.50 "
$3,550 00
68,700 00
1,600 00
5.75 per cent.
6.30 "
6.60 "
$23,200 00
1,100 00
1,550 00
600 00
1,150 00
5.00 per cent.
5.25 «■
5.50 "
6.00 "
6.30 «
Reconciliation of Share Account with Dues and Profits Capital.
Date of
00
O *
c 2
— "3
Issue.
"S
SS3
©
X2
>
w
Eh
April. 1888; .
17
$196 54
66
$12,971 64
Dues capital, as per gen-
Oct., 188*, .
18
184 82
68
12,567 76
eral ledger,
$504,977 00
April, 18S9, .
19
173 43
108
18,730 44
Profits capital, as per
Oct., 1889, .
20
162 48
69
11,211 12
general ledger, .
86,453 32
April, 1890, .
21
151 83
114
17,308 62
Unpaid dues,
3,630 00
Oct., 1890, .
22
141 56
111
15,713 16
April, 1891, .
23
131 59
141
18,554 19
Oct., 1891, .
24
121 87
214
26,080 18
April, 1892, .
25
112 49
512
57,594 88
Oct., 1892, .
26
103 42
292
30,198 64
April, 1893, .
27
94 59
367
34,714 53
Oct., 1893, .
28
86 06
374
32,186 44
April, 1891, .
29
77 79
491
38,194 89
Oct., 1894, .
30
69 75
525
36,618 75
April, 1895, .
31
61 93
660
40,873 80
Oct., 1895, .
32
54 38
758
41,220 04
April, 1896, .
33
47 05
639
30,064 95
Oct., 1896, .
34
39 92
663
26,466 96
April, 1897, .
35
33 00
998
32,934 00
Oct., 1897, .
36
26 27
637
16,733 99
April, 1898, .
37
19 72
1,152
22,717 44
Oct., 1898, .
38
13 33
881
11,743 73
April, 1899, .
39
7 09
1,213
8,600 17
Oct., 1899, .
40
1 00
558
558 00
502 00
Total,
Dues paid in .
idva
ace, .
.
Total,
$595,060 32
$595,060 32
Number of shares issued during the year, . . . ... 1,947
Number of shares now in force, 11,611
Number of shares now borrowed upon, 3,315
Largest number of shares held by any one member, .... 25
Number of shares withdrawn during the year, .... 1,985
Number of shares forfeited during the year, ...... 43
Number of shares retired during the year, 582
Number of shares matured during the year, .43
Highest rate of premium or interest received on money sold during the year :
5 per cent.
Lowest rate of premium or interest received on money sold during the year :
5 per cent.
Rate of profits distributed : 1st term, 2£ per cent. ; 2d term, 2£ per cent.
No. 8.] SAVINGS BANK COMMISSIONERS. 217
Number of members withdrawn during the year, 241
Present number of members, 1,341
Present number of borrowers, 407
Present number of non-borrowers, 934
Number of loans secured by first mortgage of real estate, . . . 284
Number of loans on shares 123
Largest loan to any one member, $5,000 00
Smallest loan to any one member, 50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, . 2,030 10
Date of examination by commissioner : February 9.
218
REPORT OF THE
[Pub. Doc.
SOUTH FRAMINGHAM CO-OPERATIVE BANK — SOUTH
PBAMINGHAM.
Incorporated April 16, 1889. Commenced business May 6, 1889.
Alfred M. Eames, President. Harrie L. Davenport, Secretary and Treasurer.
Names of security committee :
Joshua Smith, Samuel 0. Staples,
Eleazer Goulding.
Regular meetings the first Monday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
$166,885 00
Dues capital,
$153,416 00
Loans on shares, .
9,035 00
Profits capital (all series), .
25,771 54
Permanent expense account,
200 00
Interest, ....
21 16
Real estate by foreclosure, .
3,500 00
Guaranty fund, .
1,550 05
Unpaid interest,
233 43
Surplus, ....
1,991 19
Unpaid fines, ....
23 44
Forfeited share account,
106 77
Personal account, .
964 68
Personal account,
159 16
Mortgage, ....
1,000 00
Cash in hands of treasurer, .
1,174 32
$183,015 87
$183,015 87
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Receipts.
Disbursements.
From dues capital,
$53,494 00
For real estate loans, .
$48,050 00
interest,
9,769 88
share loans, .
9,310 00
premiums, .
142 46
dues capital withdrawn,
23,144 00
fines, ....
323 47
dues capital forfeited, .
56 00
real estate loans repaid,
26,235 00
dues capital retired,
8,106 00
share loans repaid,
3,859 00
profits capital withdrawn,
3,825 38
forfeited shares, .
63 88
profits capital forfeited, .
9 56
temporary expense,
100 00
profits capital retired, .
2,687 10
rent, ....
328 43
temporary expenses,
1,236 37
retired share account, .
10,879 84
forfeited shares,
71 78
mortgage, .
200 00
interest on retired shares,
86 80
real estate by foreclos-
retired share account, .
10,879 84
ure, ....
14 65
real estate bv foreclosure,
680 51
Cash on hand Oct. 31, 1898, .
3,907 05
Cash on hand Oct. 31, 1899,
1,174 32
$109,317 66
$109,317 66
No. 8.] SAVINGS BANK COMMISSIONERS.
219
Total Amount of Loans at Specified Rates of Interest.
Loans on Real Estate.
Loans on Shares.
Amount.
Kate.
Amount.
Rate.
Amount.
Rate.
$9,500 00
102,385 00
33,530 00
11,120 00
4,150 00
5 per cent.
6
6J "
64 "
6f "
$3,200 00
1,500 00
500 00
500 00
500 00
6£ per cent.
6| "
6l "
U "
7| "
$5,900 00
3,060 00
75 00
5 per cent.
6
6f «
Reconciliation of
Share Account with Dues and Profits Capital.
Date of
OT
o> *
a> as
a .
a) y
o3
s
.-."3
Issue.
Th
"3 «2
o
cc
>■
03
H
May, 1889, .
1
$173 29
64
$11,090 56
Dues capital, as per gen-
Nov., 1889, .
2
162 37
60
9,742 20
eral ledger, .
$153,416 00
May, 1890, .
3
151 78
92
13,963 76
Profits capital, as per
Nov., 1890, .
4
141 49
47
6,650 03
general ledger, .
25,771 54
May, 1891, .
5
131 52
45
5,918 40
Unpaid dues,
468 00
Nov., 1891, .
6
121 82
75
9,136 50
May, 1892, .
7
112 40
30
3,372 00
Nov., 1892, .
8
103 26
52
5,369 52
May, 1893, .
9
94 39
100
9,439 00
Nov., 1893, .
10
85 78
111
9,521 58
May, 1894, .
11
77 42
63
4,877 46
Nov., 1894, .
12
69 30
63
4,365 90
May, 1895, .
13
61 42
98
6,019 16
Nov., 1895, .
14
53 77
186
10,001 22
May, 1896, .
15
46 34
260
12,048 40
Nov., 1896, .
16
39 12
214
8,371 68
May, 1897, .
17
32 11
347
11,142 17
Nov., 1897, .
18
25 32
560
14,179 20
May, 1898, .
19
18 72
490
9,172 80
Nov., 1898, .
20
12 31
864
10,635 84
May, 1899, .
21
6 08
652
3,964 16
674 00
Total, .
Dues paid in adva
nee, .
■
Total, .
$179,655 54
$179,655 54
Number of shares issued during the year,
Number of shares now in force, ....
Number of shares now borrowed upon, .
Largest number of shares held by any one member,
Number of shares withdrawn during the year,
Number of shares forfeited during the year, .
Number of shares retired during the year,
Highest rate of premium or interest received on money sold during
6 per cent.
Lowest rate of premium or interest received on money sold during
5 per cent.
Rate of profits distributed : 1st term, 2£ per cent. ; 2d term, 2£ per
Number of members withdrawn during the year, . . . .
Present number of members,
Present number of borrowers,
Present number of non-borrowers,
Number of loans secured by first mortgage of real estate,
Number of loans on shares,
Largest loan to any one member,
Smallest loan to any one member,
Amount of expenses of the corporation for the year ending Oct. 31
Date of examination by commissioner : February 3.
1,598
4,473
1,131
. 25
. 742
4
. 70
the year :
the year :
cent.
97
617
160
457
151
35
, 1899,
$5,000 00
15 00
1,186 37
220
REPORT OF THE
[Pub. Doc.
SOUTH SHORE CO-OPERATIVE BANK — WEYMOUTH.
Incorporated April 18, 1890. Commenced business May 5, 1890.
Joel F. Sheppard, President. Charles G. Sheppard, Secretary and Treasurer.
Names of security committee :
George H. Bicknell, Joel F. Sheppard,
David J. Pierce.
Regular meetings the first Monday of each month.
Balance Sheet Oct. 31, 1899.
A8SETS.
Liabilities.
Loans on real estate,
Loans on shares, .
Permanent expense account,
Real estate by foreclosure, .
Unpaid interest,
Unpaid premiums,
Unpaid fines, ....
Cash in hands of treasurer, .
$70,650 00
2,650 00
56 06
1,560 15
153 50
9 55
24 29
4,413 79
Dues capital,
Profits capital (all series), .
Guaranty fund, .
Surplus, ....
Forfeited share account,
Personal account,
$64,693 00
13,538 72
267 00
933 44
4 00
81 18
$79,517 34
$79,517 34
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Receipts.
Disbursements.
From dues capital,
$16,551 00
For real estate loans, .
$12,700 00
interest,
4,478 00
share loans, .
2,500 00
premiums, .
181 20
dues capital withdrawn,
7,927 00
fines, ....
120 63
dues capital forfeited, .
161 00
transfer fees,
1 25
dues capital retired,
3,192 00
real estate loans repaid,
6,350 00
profits capital withdrawn,
1,275 42
real estate loans elimi-
profits capital forfeited,
7 32
nated by foreclosure,
3,700 00
profits capital retired, .
1,013 85
share loans repaid,
2,050 00
temporary expenses,
410 30
withdrawal profits,
319 30
forfeited shares, .
50 65
forfeiture profits, .
1 90
interest on retired shares,
10 05
forfeited shares, .
4 93
taxes, ....
59 98
taxes, ....
59 98
rents, ....
8 30
rents, ....
31 00
security committee,
78 00
security committee,
30 00
real estate by foreclosure,
3,798 97
real estate by foreclos-
Cash on hand Oct. 31, 1899, .
4,413 79
ure, ....
2,320 00
Cash on hand Oct. 31, 1898, .
1,407 44
$37,606 63
$37,606 63
No. 8.] SAVINGS BANK COMMISSIONERS.
221
Total Amount of Loans at Specified Bates of Interest.
Loans on Real Estate.
Loans on Sharks.
Amount.
Rate.
Amount.
Rate.
Amount.
Rate.
$32,000 00
31,450 00
5,300 00
6.00 per cent.
6.30 "
6.60 "
$1,300 00
600 00
6.90 per cent.
7.20 «
$1,750 00
900 00
6.00 per cent.
6.30 "
Reconciliation of Share Account with Dues and Profits Capital.
Date of
00
u
<o •
"v.
2 os
c .
d
3
Issue.
3*
■300
a °
CO
>
co
H
May, 1890, .
1
$154 27
86
$13,267 22
Dues capital, as per gen-
Nov., 1890, .
2
143 75
37
5,318 75
eral ledger,
$64,693 00
May, 1891, .
3
133 51
45
6,007 95
Profits capital, as per
Nov., 1891, .
4
123 52
23
2,840 96
general ledger, .
13,538 72
May, 1892, .
5
113 88
42
4,782 96
Unpaid dues,
291 00
Nov., 1892, .
6
104 53
47
4,912 91
May, 1893, .
7
95 46
24
2,291 04
Nov., 1893, .
8
86 67
47
4,073 49
May, 1894, .
9
78 18
63
4,925 34
Nov., 1894, .
10
69 94
49
3,427 06
May, 1895, .
11
61 97
87
5,391 39
Nov., 1895, .
12
54 24
76
4,122 24
May, 1896, .
13
46 74
94
4,393 56
Nov., 1896, .
14
39 46
52
2,051 92
May, 1897, .
15
32 39
100
3,239 00
Nov., 1897, .
16
25 52
132
3,368 64
May, 1898, .
17
18 85
93
1,753 05
Nov., 1898, .
18
12 38
128
1,584 64
May, 1899, .
19
6 10
106
646 60
124 00
Total,
Dues paid in
adva
nee, .
.
Total,
$78,522 72
$78,522 72
Number of shares issued during the year, 270
Number of shares now in force, 1,331
Number of shares now borrowed upon, 434
Largest number of shares held by any one member, .... 25
Number of shares withdrawn during the year, 235
Number of shares forfeited during the year, 20
Number of shares retired during the year, 30
Highest rate of premium or interest received on money sold during the year :
6 per cent.
Lowest rate of premium or interest received on money sold during the year :
6 per cent.
Rate of profits distributed : 1st term, 3 per cent. ; 2d term, 3 per cent.
Number of members withdrawn during the year, 35
Present number of members 212
Present number of borrowers, 63
Present number of non-borrowers, 149
Number of loans secured by first mortgage of real estate, ... 58
Number of loans on shares, 16
Largest loan to any one member, $4,600 00
Smallest loan to any one member, 50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, . 460 30
Date of examination by commissioner : March 28.
222
REPORT OF THE
[Pub. Doc.
SOUTH WEYMOUTH CO-OPERATIVE BANK— SOUTH
WEYMOUTH.
Incorporated Feb. 28, 1889. Commenced business March 9, 1889.
A. Fenton Bullock, President. Frank H. Richards, Secretary.
Ellis J. Pitcher, Treasurer.
Names of security committee :
Louis A. Cook, Charles H. Clapp,
James F. Frawley, Francis F. Bullock,
John H. Stetson.
Regular meetings the second Saturday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
Loans on shares, .
Temporary expense account,
Unpaid fines, ....
Taxes,
Cash in hands of treasurer, .
$79,300 00
4,975 00
13 52
12 30
98 20
1,402 76
Dues capital,
Profits capital (all series) , .
Interest, ....
Premiums, ....
Transfer fees,
Withdrawal profits,
Guaranty fund, .
Surplus, ....
Forfeited share account,
$68,447 00
15,919 02
434 67
7 75
25
36 78
623 83
282 18
50 30
$85,801 78
$85,801 78
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Receipts.
Disbursements.
From dues capital,
$17,625 00
For real estate loans, .
$20,325 00
interest,
4,800 49
share loans, .
3,700 00
premiums, .
159 73
dues capital withdrawn,
4,643 00
fines, ....
91 53
dues capital forfeited, .
237 00
transfer fees,
2 75
dues capital retired,
4,168 00
real estate loans repaid,
10,450 00
profits capital withdrawn,
778 70
share loans repaid,
1,600 00
profits capital forfeited, .
77 17
withdrawal profits,
195 05
profits capital retired, .
1,631 05
forfeiture profits, .
19 28
temporary expenses,
254 01
forfeited shares, .
232 71
forfeited shares, .
182 41
personal account,
350 00
taxes, ....
98 20
security committee,
2 00
personal account, .
350 00
Cash on hand Oct. 31, 1898, .
2,320 76
security committee,
2 00
Cash on hand Oct. 31, 1899,
1,402 76
$37,849 30
$37,849 30
No. 8.] SAVINGS BANK COMMISSIONERS.
223
Total Amount of Loans at Specified Bates of Interest.
Loans on Real Estate.
Loans on Shares.
Amount.
Rate.
Amount.
Rate.
Amount.
Rate.
$58,575 00
10,175 00
2,525 00
6.00 per cent.
6.30 "
6.60 "
$4,250 00
2,450 00
1,325 00
6.90 per cent.
7.20 "
7.50 «
$4,525 00
250 00
200 00
6.00 per cent.
6.30 "
6.60 "
Reconciliation of Share Account with Dues and Profits Capital.
Date of
Issue.
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
1889,
1889, ,
1890, ,
1890,
1891,
1891,
1892,
1892,
1893,
1893,
1894,
1894,
1895,
1895,
1896,
1896,
1897,
1897,
1898,
1898,
1899,
1899,
u
a*
>
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
$179 04
168 12
157 17
146 65
136 33
126 39
116 76
107 36
98 24
89 38
80 86
72 56
64 49
56 68
49 09
41 72
34 56
27 64
20 93
14 42
8 11
2 00
Dues paid in advance,
Total, .
68
34
65
22
34
15
37
53
59
4
35
39
37
47
70
26
121
130
131
150
328
165
r-J OS
$12,174 72
5,716 08
10,216 05
3,226 30
4,635 22
1,895 85
4,320 12
5,690 08
5,796 16
357 52
2,830 10
2,829 84
2,386 13
2,663 96
3,436 30
1,084 72
4,181 76
3,593 20
2,741 83
2,163 00
2,660 08
330 00
90 00
Dues capital, as per gen-
eral ledger, .
Profits capital, as per
general ledger, .
Unpaid dues,
$85,019 02
Total,
.68,447 00
15,919 02
653 00
$85,019 02
Number of shares issued during the year, 531
Number of shares now in force, 1,670
Number of shares now borrowed upon, 502
Largest number of shares held by any one member, .... 25
Number of shares withdrawn during the year, 139
Number of shares forfeited during the year, 15
Number of shares retired during the year, 34
Highest rate of premium or interest received on money sold during the year :
25 cents premium.
Lowest rate of premium or interest received on money sold during the year :
6 per cent.
Rate of profits distributed : 1st term, 3 J per cent. ; 2d term, 3^ per cent.
Number of members withdrawn during the year, 37
Present number of members, 278
Present number of borrowers, 91
Present number of non-borrowers, 187
Number of loans secured by first mortgage of real estate, . . . 104
Number of loans on shares, 20
Largest loan to any one member,
Smallest loan to any one member,
Amount of expenses of the corporation for the year ending Oct. 31, 1899, .
Date of examination by commissioner : April 4.
$4,400 00
25 00
254 01
224
REPORT OF THE
[Pub. Doc.
SPRINGFIELD CO-OPERATIVE BANK — SPRINGFIELD.
Incorporated April 13, 1882. Commenced business May 9, 1882.
Ira B. Allen, President. E. S. Batchelder, Secretary.
C. H. Churchill, Treasurer.
Names of security committee :
George A. Denison, C. H. Churchill,
S. D. Sherwood.
Regular meetings the second Tuesday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
Loans on shares, .
Real estate by foreclosure, .
Unpaid interest,
Unpaid premiums,
Unpaid fines, ....
Cash in hands of treasurer, .
$450,975 00
28,980 00
1,098 55
3,926 46
50
424 56
24,721 74
Dues capital,
Profits capital (all series), .
Forfeiture profits,
Guaranty fund, .
Surplus, ....
Forfeited share account,
$430,988 00
73,248 47
45
2,993 45
2,713 45
182 99
$510,126 81
$510,126 81
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Receipts.
Disbursements.
From dues capital,
$125,228 00
For real estate loans, .
$99,075 00
interest,
26,903 62
share loans, .
35,725 00
premiums, .
80 60
dues capital withdrawn,
64,748 00
fines, ....
1,439 58
dues capital forfeited, .
10 00
transfer fees,
13 00
dues capital retired,
66,705 00
real estate loans repaid,
137,025 00
profits capital withdrawn,
9,684 61
real estate loans elimi-
profits capital forfeited, .
1 80
nated by foreclosure,
1,000 00
profits capital retired, .
18,234 61
share loans repaid,
23,755 00
temporary expenses,
1,897 46
withdrawal profits,
1,490 51
interest on retired shares,
479 94
forfeiture profits, .
45
interest refunded, .
8 75
Cash on hand Oct. 31, 1898, .
5,458 82
withdrawal profits re-
funded, . .
4 12
real estate by foreclosure,
1,098 55
Cash on hand Oct. 31, 1899, .
24,721 74
$322,394 58
$322,394 58
No. 8.] SAVINGS BANK COMMISSIONERS.
225
Total Amount of Loans at Specified Rates of Interest.
Loans on Real Estate.
Loans on Shakes.
Amount.
Kate.
Amount.
Rate.
Amount.
Rate.
$383,750 00
62,825 00
5.00 per cent.
6.00 "
$4,400 00
6.30 per cent.
$23,865 00
5,065 00
50 00
5.00 per cent.
6.00 "
6.60 "
Reconciliation of Share Account with Dues and Profits Capital.
Date of
Issue.
May, 1888,
Feb., 1890,
Aug., 1890,
Feb., 1891,
May, 1891,
Aug., 1891,
Nov., 1891,
Feb., 1892,
May, 1892,
Aug., 1892,
Nov., 1892,
Feb., 1893,
May, 1893,
Aug., 1893,
Nov., 1893, ,
Feb., 1894,
May, 1894,
Aug., 1894,
Nov., 1894, ,
Feb., 1895, ,
May, 1895, ,
Aug., 1895, ,
Nov., 1895, ,
Feb., 1896, .
May, 1896, .
Aug., 1896, ,
Nov., 1896, .
Feb., 1897,.
May, 1897, .
Aug., 1897, .
Nov., 1897, .
Feb., 1898, .
May, 1898, .
Aug., 1898, .
Nov., 1898, .
Feb., 1899, .
May, 1899, .
Aug., 1899, .
13
17
19
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
» 2
CD eg
>
$200 92
160 50
149 53
139 03
133 91
128 88
123 95
119 04
114 19
109 45
104 79
100 22
95 69
91 19
86 86
82 54
78 28
74 11
69 98
65 96
61 98
58 05
54 19
50 39
46 66
42 96
39 35
35 77
32 26
28 83
25 41
22 07
18 78
15 54
12 34
9 19
6 09
3 03
GO O
10
15
14
21
17
7
159
181
177
182
221
207
198
213
205
270
255
249
346
376
346
349
130
306
476
321
276
476
560
387
714
554
185
197
490
237
400
349
Dues paid in advance, .
Total, .
-2 oj
$2,009
2,407
2,093
2,919
2,276
902
19,708
21,546
20,211
19,919
23,158
20,745
18,946
19,423
17,806
22,285
19,961
18,453
24,213
24,800
21,445
20,259
7,044
15,419
22,210
13,790
10,860
17,026
18,065
11,157
18,142
12,226
3,474
3,061
6,046
2,178
2,436
1,057
20
50
42
63
47
16
05
24
63
90
59
54
62
47
30
80
40
39
08
96
08
45
70
34
16
16
60
52
60
21
74
78
30
38
60
03
00
47
265 00
,956 47
Dues capital, as per gen-
eral ledger,
Profits capital, as per
general ledger, .
Unpaid dues,
$430,988 00
73,248 47
5,720 00
Total,
,956 47
226
REPORT OF THE
[Pub. Doc.
Number of shares issued during the year, 1,612
Number of shares now in force, . 10,076
Number of shares now borrowed upon 3,025
Largest number of shares held by any one member, .... 25
Number of shares withdrawn during the year, .... 1,968
Number of shares forfeited during the year, 5
Number of shares retired during the year, 745
Highest rate of premium or interest received on money sold during the year :
6 per cent.
Lowest rate of premium or interest received on money sold during the year :
5 per cent.
Rate of profits distributed : 1st term, 1£ per cent. ; 2d term, 1£ per cent. ;
3d term, 1 5-16 per cent. ; 4th term, 1 5-16 per cent.
Number of members withdrawn during the year, 259
Present number of members, 1,224
Present number of borrowers, . 338
Present number of non-borrowers, 886
Number of loans secured by first mortgage of real estate, . . . 364
Number of loans on shares, 146
Largest loan to any one member, $5,000 00
Smallest loan to any one member, 25 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, . 2,197 46
Date of examination by commissioner : October 30.
No. 8.] SAVINGS BANK COMMISSIONERS.
227
STONEHAM CO-OPERATIVE BANK — STONEHAM.
Incorporated Jan. 10, 1887. Commenced business Feb. 1, 1887.
William B. Snow, President. George N. Green, Secretary and Treasurer.
Names of security committee :
Arthur H. Cowdret, Sidney A. Hill,
Oliver H. Marston.
Regular meetings the first Tuesday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
Loans on shares, .
Real estate by foreclosure, .
Unpaid interest, .
Unpaid fines, ....
Cash in hands of treasurer, .
$127,050 00
12,450 00
7,7H 10
1,056 06
330 78
3,599 88
Dues capital,
Profits capital (all series) , .
Guaranty fund, .
Surplus, ....
Forfeited share account,
$123,988 00
25,117 29
1,350 00
1,678 76
66 77
$152,200 82
$152,200 82
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31,1899.
Receipts.
Disbubsements.
From dues capital,
$32,212 00
For real estate loans, .
$27,400 00
interest,
8,260 28
share loans, .
12,550 00
premiums, .
2 05
dues capital withdrawn,
21,811 00
fines, ....
353 64
dues capital forfeited, .
52 00
transfer fees,
75
dues capital retired,
11,761 00
real estate loans repaid,
34,800 00
dues capital matured, .
987 00
real estate loans elimi-
profits capital withdrawn,
4,437 52
nated by foreclosure,
2,600 00
profits capital forfeited.
5 07
share loans repaid,
5,450 00
profits capital retired, .
3,536 09
withdrawal profits,
285 61
profits capital matured,
456 06
forfeiture profits, .
5 07
temporary expenses,
563 52
real estate by foreclos-
interest on retired shares,
242 32
ure, ....
3,000 00
real estate by foreclosure,
2,936 77
rents, ....
156 00
taxes and maintenance,
548 05
Cash on hand Oct. 31, 1898, .
3,760 88
$90,886 28
Cash on hand Oct. 31, 1899,
3,599 88
$90,886 28
228
REPORT OF THE
[Pub. Doc.
Total Amount of Loans at Specified Rates of Interest.
Loans on Real Estate.
Amount.
$127,050 00
Rate.
5.00 per cent.
Amount.
Rate.
Loans on Shares.
Amount.
$12,450 00
Rate.
5.00 per cent.
Reconciliation of Share Account with Dues and Profits Capital.
Date of
VI
u
S.JB
a> si
"Z, v
s
Issue.
"3
3&
"Son
m
>
CO
H
Feb., 1888, .
3
$204 88
14
$2,868 32
Dues capital, as per gen-
Aug., 1888, .
4
192 90
4
771 60
eral ledger, .
$123,988 00
Feb., 1889, .
5
181 28
28
5,075 84
Profits capital, as per
May, 1889, .
6
175 45
22
3,859 90
general ledger, .
25,117 29
Nov., 1889, .
7
164 26
52
8,541 52
Unpaid dues,
1,328 00
May, 1890, .
8
153 38
34
5,214 92
Nov., 1890, .
9
142 86
62
8,857 32
May, 1891, .
10
132 61
71
9,415 31
Nov., 1891, .
11
122 74
45
5,523 30
May, 1892, .
12
113 16
56
6,336 96
Nov., 1892, .
13
103 86
61
6,335 46
May, 1893, .
14
94 84
54
5,121 36
Nov., 1893, .
15
86 11
77
6,630 47
May, 1894, .
16
77 68
99
7,690 32
Nov., 1894, .
17
69 51
186
12,928 86
May, 1895, .
18
61 60
127
7,823 20
Nov., 1895, .
19
53 92
280
15,097 60
May, 1896, .
20
46 46
200
9,292 00
Nov., 1896, .
21
39 22
152
5,961 44
May, 1897, .
22
32 20
148
4,765 60
Nov., 1897, .
23
25 37
236
5,987 32
May, 1898, .
24
18 75
121
2,268 75
Nov., 1898, .
25
12 32
226
2,784 32
May, 1899, .
26
6 08
195
1,185 60
96 00
Total,
Does paid in
adva
nee, .
Total,
$150,433 29
$150,433 29
Number of shares issued during the year 464
Number of shares now in force, -> 2,550
Number of shares now borrowed upon, 922
Largest number of shares held by any one member, . . . .25
Number of shares withdrawn during the year, 503
Number of shares forfeited during the year, 13
Number of shares retired during the year, . . . . . .121
Number of shares matured during the year, 7
Highest rate of premium or interest received on money sold during the year :
6 per cent.
Lowest rate of premium or interest received on money sold during the year :
5 per cent.
Rate of profits distributed : 1st term, 2£ per cent. ; 2d term, 2| per cent.
Number of members withdrawn during the year, 45
Present number of members, , . 361
Present number of borrowers, 129
Present number of non-borrowers, 232
Number of loans secured by first mortgage of real estate, . . .124
Number of loans on shares, 29
Largest loan to any one member, $4,100 00
Smallest loan to any one member, 50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, , 563 52
Date of examination by commissioner : April 18.
No. 8.] SAVINGS BANK COMMISSIONED.
229
STOUGHTON CO-OPERATIVE BANK- STOUGHTON.
Incorporated March 23, 1886. Commenced business April 10, 1886.
George E. Belcher, President. Henry W. Britton, Secretary and Treasurer.
Names of security committee :
Richard B. Ward, Webster Smith,
Christopher Farrell.
Regular meetings the second Saturday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Loans on real estate,
Loans on shares, .
Temporary expense account,
Real estate by foreclosure, .
Mortgage, .
Taxes paid, ....
Cash in hands of treasurer, .
$165,387 00
5,795 00
9 00
9,258 48
136 43
67 10
3,319 13
$183,972 14
Liabilities.
Dues capital,
Profits capital (all series),
Interest,
Premiums, .
Fines, .
Transfer fees,
Withdrawal profits,
Forfeiture profits,
Guaranty fund, .
Surplus,
Matured share account,
$143,640 00
32,494 12
541 89
28 05
44 27
50
40 91
1 53
2,823 18
" 1,938 01
2,419 68
$183,972 14
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Receipts.
Disbursements.
From dues capital,
$36,579 00
For real estate loans, .
$18,250 00
interest,
10,837 26
share loans, .
5,945 00
premiums, .
585 37
dues capital withdrawn,
32,219 00
fines, ....
624 48
dues capital forfeited, .
1,040 00
transfer fees,
2 75
dues capital matured, .
12,553 00
real estate loans repaid,
13,100 00
profits capital withdrawn,
7,526 00
real estate loans elimi-
profits capital forfeited,
201 97
nated by foreclosure,
9,800 00
profits capital matured,
5.868 59
real estate loans elimi-
temporary expenses,
763 00
nated by maturity of
forfeited shares, .
876 02
shares,
4,100 00
taxes, ....
67 10
share loans repaid,
7,955 00
real estate by foreclosure,
10,248 48
withdrawal profits,
198 08
surplus account, .
1,014 60
forfeiture profits, .
26 92
matured share account,
11,471 71
forfeited shares, .
876 02
Cash on hand Oct. 31, 1899,
3,319 13
real estate by foreclos-
ure, ....
7,746 27
matured share account,
13,891 39
Cash on hand Oct. 31, 1898, .
5,041 06
$111,363 60
$111,363 60
230
REPORT OF THE
[Pub. Doc.
Total Amount of Loans at Specified Rates of Interest.
Loans on Real Estate.
Loans on Shakes.
Amount.
Rate.
Amount.
Rate.
Amount.
Rate.
$15,950 00
136,237 00
4,300 00
3,200 00
6.00 per cent.
6.30 "
6.60 "
6.90 "
$2,700 00
900 00
1,600 00
500 00
7.50 per cent.
7.80 "
8.10 "
8.40 "
$3,825 00
1,145 00
825 00
6.00 per cent.
6.30 "
6.60 "
Reconciliation of Share Account with Dues and Profits Capital.
Date of
OO
u
0> •
® S3
a
GO O
Issue.
*c
SB
-332
02
>
OQ
H
Mar., 1889, .
4
$180 47
88
$15,881 36
Dues capital, as per gen-
Sept., 1889, .
0
169 04
39
6,592 56
eral ledger,
$143,640 00
Mar., 1890, .
6
157 94
77
12,161 38
Profits capital, as per
Sept., 1890, .
7
147 17
87
12,803 79
general ledger, .
32,494 12
Mar., 1891, .
8
136 76
93
12,718 68
Unpaid dues,
1,563 00
Sept., 1891, .
9
126 65
93
11,778 45
Mar., 1892, .
10
116 87
82
9,583 34
Sept., 1892, .
11
107 40
105
11,277 00
Mar., 1893, .
12
98 23
119
11,689 37
Sept., 1893, .
13
89 34 61
5,449 74
Mar., 1894, .
14
80 70 107
8,634 90
Sept., 1894, .
15
72 38 ! 70
5,066 60
Mar., 1895, .
16
64 30 100
6,430 00
Sept., 1895, .
17
56 47
203
11,463 41
Mar., 1896, .
18
48 90
128
6,259 20
Sept., 1896, .
19
41 54
141
5,857 14
Mar., 1897, .
20
34 43
190
6,541 70
Sept., 1897, .
21
27 53
209
5,753 77
Mar., 1898, .
22
20 85
285
5,942 25
Sept., 1898, .
23
14 38
181
2,602 78
Mar., 1899, .
24
8 10
287
2,324 70
Sept., 1899, .
25
2 00
412
824 00
61 00
Total,. . . .
Dues paid in adva
nee, . . " .
Total,
•
•
$177,697 12
$177,697 12
Number of shares issued during the year, 807
Number of shares now in force, 3,157
Number of shares now borrowed upon, . . . . . . 1,022
Largest number of shares held by any one member, . . . .25
Number of shares withdrawn during the year, 716
Number of shares forfeited during the year, 53
Number of shares matured during the year, . . . . .91
Highest rate of premium or interest received on money sold during the year :
5 cents premium.
Lowest rate of premium or interest received on money sold during the year :
6 per cent.
Rate of profits distributed : 1st term, 3 per cent. ; 2d term, 3 per cent.
Number of members withdrawn during the year, ....
Present number of members,
Present number of borrowers,
Present number of non-borrowers,
Number of loans secured by first mortgage of real estate,
Number of loans on shares,
Largest loan to any one member,
Smallest loan to any one member, . . . ...
Amount of expenses of the corporation for the year ending Oct. 31, 1899,
Date of examination by commissioner: February 28.
92
458
206
252
169
37
$5,000 00
25 00
763 00
No. 8.] SAVINGS BANK COMMISSIONED.
231
SUFFOLK CO-OPERATIVE BANK -BOSTON.
Incorporated Dec. 11, 1885. Commenced business Jan. 1, 1886.
Charles A. Potter, President. Charles J. Page, Secretary and Treasurer.
Names of security committee :
Alfred Foster, Frederick J. Stark,
William A. Ruddick.
Regular meetings the first Wednesday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
Loans on shares, .
Real estate by foreclosure,
Unpaid interest,
Unpaid premiums,
Unpaid fines, ....
Cash in hands of treasurer, .
$42,434 64
5,835 00
3,925 19
1,296 47
305 43
107 87
2,068 85
Dues capital,
Profits capital (all series), .
Guaranty fund, .
Surplus, ....
Forfeited share account,
Personal accounts,
Rent account,
$44,767 00
10,298 95
360 00
364 61
81 48
38 16
63 25
$55,973 45
$55,973 45
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Receipts.
Disbursements.
From dues capital,
$11,982 00
For real estate loans, .
$11,145 00
interest,
2,509 29
share loans, .
1,535 00
premiums, .
498 24
dues capital withdrawn,
5,539 00
fines, ....
171 86
dues capital matured, .
2,329 00
real estate loans repaid,
8,800 00
profits capital withdrawn,
991 82
share loans repaid,
1,925 00
profits capital matured,
1,077 12
withdrawal profits,
188 83
temporary expenses,
604 46
surplus,
3 80
forfeited shares, .
43 16
personal accounts,
34 16
personal accounts,
174 96
rent, ....
63 25
real estate by foreclosure,
61 25
real estate by foreclos-
matured share account,
2,829 78
ure, ....
55 15
Cash on hand Oct. 31, 1899,
2,068 85
Cash on hand Oct. 31, 1898, .
2,167 82
$28,399 40
$28,399 40
232
REPORT OF THE
[Pub. Doc.
Total Amount of Loans at Specified Rates of Interest.
Loans on Real Estate.
Loans on Shakes.
Amount.
Rate.
Amount.
Rate.
Amount.
Rate.
$2,250 00
6.00 per cent.
$4,300 00
6.90
per cent.
$5,835 00
7.50 per cent.
2,500 00
6.30 "
3,395 00
7.20
<«
2,300 00
6.60 "
27,689 64
7.50
«<
Reconciliation of Share Account with Dues and Profits Capital.
Date op
o5
0) *
<0 «-
3
Issue.
"u
3.C
O
w
>
OS
H
July, 1888, .
6
$198 43
12
$2,381 16
Dues capital, as per gen-
May, 188*9, .
8
178 61
17
3,036 37
eral ledger,
$44,767 00
Nov., 1889, .
9
167 24
20
3,344 80
Profits capital, as per
May, 1890, .
10
156 35
15
2,345 25
general ledger, .
10,298 95
Nov., 1890, .
11
145 64
22
3,204 08
Unpaid dues,
1,840 00
May, 1891, .
12
135 31
13
1,759 03
Nov., 1891, .
13
125 27
36
4,509 72
May, 1892, .
14
115 45
76
8,774 20
Nov., 1892, .
15
105 92
9
953 28
May, 1893, .
16
96 67
9
870 03
May, 1894, .
18
78 99
35
2,764 65
Nov., 1894, .
19
70 54
40
2,821 60
May, 1895, .
20
62 39
45
2,807 55
Nov., 1895, .
21
54 50
28
1,526 00
May, 1896, .
22
46 88
44
2,062 72
Nov., 1896, .
23
39 48
57
2,250 36
May, 1897, .
24
32 35
76
2,458 60
Nov., 1897, .
25
25 48
203
5,172 44
May, 1898, .
26
18 81
122
2,294 82
Nov., 1898, .
27
12 37
57
705 09
May, 1899, .
28
6 10
132
805 20
59 00
Dues paid in advance, .
Total,
•
$56,905 95
Total,
. ■ .-
•
$56,905 95
Number of shares issued during the year, ... . . 195
Number of shares now in force, 1,068
Number of shares now borrowed upon 341
Largest number of shares held by any one member, .... 25
Number of shares withdrawn during the year, . . . . .156
Number of shares matured during the year, 17
Highest rate of premium or interest received on money sold during the year :
25 cents premium.
Lowest rate of premium or interest received on money sold during the year :
5 cents premium.
Rate of profits distributed : 1st term, 2| per cent. ; 2d term, 2| per cent.
Number of members withdrawn during the year, 27
Present number of members, 149
Present number of borrowers, .50
Present number of non-borrowers 99
Number of loans secured by first mortgage of real estate, ... 47
Number of loans on shares, 32
Largest loan to any one member,
Smallest loan to any one member, . . .
Amount of expenses of the corporation for the year ending Oct. 31, 1899, .
Date of examination by commissioner : February 9.
$3,300 00
40 00
604 46
No. 8.] SAVINGS BANK COMMISSIONERS.
233
TAUNTON CO-OPERATIVE BANK — TAUNTON.
Incorporated March 2, 1880. Commenced business March 17, 1880.
Henry W. Colby, President. H. O. Morse, Secretary.
George E. Dean, Treasurer.
Names of security committee :
Daniel Carey, Herbert N. Pierce,
Thomas Baker.
Regular meetings the first Tuesday after fifteenth of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
Loans on shares, .
Permanent expense account,
Temporary expense account, .
Unpaid interest,
Unpaid premiums,
Unpaid fines, ....
Cash in hands of treasurer, .
$388,050 00
12,150 00
188 42
620 47
3,923 91
206 52
366 87
30 08
Dues capital,
Profits capital (all series), .
Interest, ....
Premiums, ....
Fines,
Transfer fees,
Guaranty fund, .
Surplus, ....
Forfeited share account,
$335,001 00
55,085 32
11,390 03
599 47
360 52
14 75
2,315 44
635 80
133 94
$405,536 27
$405,536 27
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Receipts.
Disbursements.
From dues capital,
$93,033 00
For real estate loans, .
$148,050 00
interest,
22,040 73
share loans, .
15,750 00
premiums, .
1,160 03
dues capital withdrawn,
44,740 00
fines, ....
583 71
dues capital retired,
21,468 00
transfer fees,
17 50
dues capital matured, .
3,744 00
real estate loans repaid,
116,900 00
profits capital withdrawn,
8,091 99
real estate loans elimi-
profits capital retired, .
5,552 33
nated by maturity of
profits capital matured,
1,693 90
shares,
2,900 00
temporary expenses,
1,260 69
share loans repaid,
14,150 00
interest on retired shares,
877 48
Cash on hand Oct. 31, 1898, .
473 50
Cash on hand Oct. 31, 1899,
30 08
$251,258 47
$251,258 47
234
REPORT OF THE
[Pub. Doc.
Total Amount of Loans at Specified Rates of Interest.
Loans on Real Estate.
Loans on Shares.
Amount.
Rate.
Amount.
Rate.
Amount.
Rate.
$388,050 00
6.30 per cent.
-
-
$12,150 00
6.30 per cent.
Eeconciliation of Share Account with Dues and Profits Capital.
Date of
Issue.
03
<o
'u
<o
OS
§.2
"3®
>
c
go O
QJ O
** is
e3 O
JSfn
CO
o3
s
$>
0
May, 1888, .
May, 1889, .
May, 1890, .
May, 1891, .
May, 1892, .
May, 1893, .
May, 1894, .
May, 1895, .
May, 1896, .
May, 1897, .
May, 1898, .
May, 1899, .
9
10
11
12
13
14
15
16
17
18
19
20
$191 52
169 30
148 33
128 62
109 97
92 41
75 83
60 19
45 44
31 52
18 39
6 00
12
112
205
413
346
727
545
659
734
1,069
1,512
1,704
$2,298 24
18,961 60
30,407 65
53,120 06
39,049 62
67,182 07
41,327 35
39,665 21
33,352 96
33,694 88
27,805 68
10,224 00
Dues capital, as per gen-
eral ledger,
Profits capital, as per
general ledger, .
Unpaid dues,
Total, .
$335,001 00
55,085 32
7,003 00
Total,
$397,089 32
$397,089 32
Number of shares issued during the year, 1,913
Number of shares now in force, 8,038
Number of shares now borrowed upon, 2,790
Largest number of shares held by any one member, .... 25
Number of shares withdrawn during the year, .... 1,138
Number of shares retired during the year, . - 211
Number of shares matured during the year, 26
Highest rate of premium or interest received on money sold during the year :
5 cents premium.
Lowest rate of premium or interest received on money sold during the year :
5 cents premium.
Rate of profits distributed : 6 per cent.
Number of members withdrawn during the year, 92
Present number of members, . , . 976
Present number of borrowers, 273
Present number of non-borrowers, 703
Number of loans secured by first mortgage of real estate, . . . 303
Number of loans on shares, 123
Largest loan to any one member, $5,000 00
Smallest loan to any one member, 50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, . 1,281 62
Date of examination by commissioner : June 30.
No. 8.] SAVINGS BANK COMMISSIONERS.
235
TROY CO-OPERATIVE BANK — PALL RIVER.
Incorporated July 18, 1880. Commenced business July 20, 1880.
Jerome C. Borden, President. George H. Eddy, Jr., Secretary and Treasurer.
Names of security committee :
Jacob Fash, Thomas D. Covel,
John M. Young.
Regular meetings the third Tuesday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
Loans on shares, .
Real estate by foreclosure, .
Unpaid interest,
Unpaid fines, ....
Cash in hands of treasurer, .
$450,950 00
21,950 00
6,964 07
1,985 14
51 20
17,381 46
Dues capital,
Profits capital (all series) , .
Guaranty fund, .
Surplus, ....
Forfeited share account,
Advance payments,
Suspense account,
$422,028 00
65,363 86
2,443 03
8,952 10
138 32
332 46
24 10
$499,281 87
$499,281 87
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Receipts.
Disbursements.
From dues capital,
$135,971 00
For real estate loans, .
$134,423 93
interest,
28,000 80
share loans, .
25,400 00
premiums, .
35 54
dues capital withdrawn,
88,136 00
fines, ....
594 09
dues capital forfeited, .
1,515 00
real estate loans repaid,
148,987 09
dues capital retired,
53,367 00
real estate loans elimi-
profits capital withdrawn,
15,710 48
nated by foreclosure,
9,186 84
profits capital forfeited,
200 66
share loans repaid,
24,600 00
profits capital retired, .
15,889 65
forfeited shares, .
1,083 45
temporary expenses,
1,969 74
advance payments,
2,250 52
forfeited shares, .
1,230 60
profits capital,
953 45
interest on retired shares,
953 45
suspense account,
84 27
advance payments,
2,425 14
real estate by foreclos-
suspense account, .
67 19
ure, ....
3,609 35
real estate by foreclosure,
10,573 42
Cash on hand Oct. 31, 1898, .
13,887 32
Cash on hand Oct. 31, 1899, .
17,381 46
$369,243 72
$369,243 72
236
REPORT OF THE
[Pub. Doc.
Total Amount of Loans at Specified Rates of Interest.
Loans on Real Estate.
Amount.
Eate.
$370,450 00
79,650 00
5.50 per cent.
6.00 "
Amount.
Rate.
$850 00
6.50 per cent.
Loans on Shares.
Amount.
Rate.
$10,950 00 ' 5.50 per cent.
9,800 00 6.00 "
400 00 6.30 "
800 00 6.50 "
Reconciliation of Share Account with Dues and Profits Capital.
Date of
00
a .
05 £>
O hi
3
— "el
Issue. ,
°n
"3 «
t3 °
©
00
>
m
H
April, 1888
. 17
$198 02
61
$12,079 22
Dues capital, as per gen-
Oct., 1888
. 18
186 34
32
5,962 88
eral ledger,
$422,028 00
April, 1889
. 19
175 02
44
7,700 88
Profits capital, as per
Oct., 1889
. 20
164 00
19
3,116 00
general ledger, .
65,363 86
April, 1890
. 21
153 34
63
9,660 42
Unpaid dues,
3,068 00
Oct., 1890
. 22
143 00
31
4,433 00
April, 1891
. 23
132 98
135
17,952 30
Oct., 1891
. 24
123 24
139
17,130 36
April, 1892
. 25
113 76
230
26,164 80
Oct., 1892
. 26
104 57
184
19,240 88
April, 1893
. 27
95 66
330
31,567 80
Oct., 1893
. 28
87 00
255
22,185 00
April, 1894
. 29
78 60
422
33,169 20
Oct., 1894
. 30
70 47
431
30,372 57
April, 1895
. 31
62 57
517
32,348 69
Oct., 1895
. 32
54 88
500
27,440 00
April, 1896
. 33
47 44
1,012
48,009 28
Oct., 1896
. 34
40 20
833
33,486 60
April, 1897
. 35
33 19
1,134
37,637 46
Oct., 1897
. 36
26 39
900
23,751 00
April, 1898
. 37
19 77
1,063
21,015 51
Oct., 1898
. 38
13 34
1,154
15,394 36
April, 1899
. 39
7 09
1,385
9,819 65
Oct., 1899
. 40
1 00
822
822 00
Total, . . .
Total,
•
•
$490,459 86
$490,459 86
Number of shares issued during the year, . . . . 2,617
Number of shares now in force, 11,696
Number of shares now borrowed upon, 3,022
Largest number of shares held by any one member, .... 25
Number of shares withdrawn during the year, .... 2,304
Number of shares forfeited during the year, 68
Number of shares retired during the year, 543
Highest rate of premium or interest received on money sold during the year :
6 per cent.
Lowest rate of premium or interest received on money sold during the year :
5£ per cent.
Rate of proflts distributed : 1st term, 2 8-10 per cent. ; 2d term, 2 5-8 per
cent.
No. 8.] SAVINGS BANK COMMISSIONERS. 237
Numbed of members withdrawn during the year, 348
Present number of members, . . 1,461
Present number of borrowers, . . . 296
Present number of non-borrowers 1,165
Number of loans secured by first mortgage of real estate, . . .241
Number of loans on shares, 112
Largest loan to any one member, $5,000 00
Smallest loan to any one member, 50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, . 1,969 74
Date of examination by commissioner: September 14.
238
REPORT OF THE
[Pub. Doc.
VOLUNTEER CO-OPERATIVE BANK — BOSTON.
Incorporated Nov. 16, 1887. Commenced business Jan. 1, 1888.
"Walter C. Shapleigh, President. Frank E. Burbank, Secretary and Treasurer.
Names of security committee :
George Murphy, M. J. Gillespie,
William N. McKenna, I. W. Derby.
Regular meetings the third Wednesday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
Loans on shares, .
Temporary expense account,
Real estate by foreclosure, .
Unpaid fines, ....
Personal accounts, .
Mortgages, ....
Office furniture,
Rent account,
Cash in hands of secretary, .
Cash in hands of treasurer, .
$359,700 00
10,100 00
227 03
8,537 31
36 45
2,477 38
1,890 82
436 02
39 40
3,853 59
8,805 92
Dues capital,
Profits capital (all series), .
Interest, ....
Withdrawal profits,
Guaranty fund, .
Surplus, ....
Forfeited share account,
Personal accounts,
Matured share account,
$330,967 00
61,271 84
381 53
123 74
1,656 00
1,472 30
163 16
62 54
5 81
$396,103 92
$396,103 92
Detailed Statement of Beceipts and Disbursements for the Year ending
Oct. 31, 1899.
Eeceipts.
Disbursements.
From dues capital,
$98,697 00
For real estate loans, .
$91,250 00
interest,
19,858 30
share loans, .
10,450 00
fines, ....
877 69
dues capital withdrawn,
36,214 00
real estate loans repaid,
38,160 00
dues capital forfeited, .
1,924 00
real estate loans elimi-
dues capital retired,
26,943 00
nated by foreclosure,
8,1D0 00
dues capital matured, .
5,180 00
real estate loans elimi-
profits capital withdrawn,
4,532 84
nated by maturity of
profits capital forfeited,
292 09
shares,
7,300 00
profits capital retired, .
9,778 49
share loans repaid,
10,850 00
profits capital matured,
2,243 31
withdrawal profits,
1,205 24
temporary expenses,
1,895 00
profits capital,
14
forfeited shares,
644 52
forfeited shares, .
662 52
profit and loss,
1 00
real estate by fore-
interest on retired shares,
201 82
closure,
10,604 20
retired share account, .
36,880 23
retired share account, .
36,880 23
matured share account,
148 21
matured share account,
154 02
fine
10
profit and loss,
1 56
real estate by foreclosure,
7,476 88
surplus,
14 99
rent account, . .
282 63
mortgages, .
5,273 75
withdrawal profits,
00
personal accounts,
3,516 58
mortgages,
5,250 16
office furniture account,
45 31
personal accounts,
619 56
rent, ....
468 92
surplus
1,031 33
Cash on hand Oct. 31, 1898, .
13,257 00
office furniture,
28 22
Cash on hand Oct. 31, 1899,
12,659 51
$255,927 45
$255,927 45
No. 8.] SAVINGS BANK COMMISSIONERS.
239
Total Amount of Loans at Specified Rates of Interest.
Loans on Real Estate.
Amount.
Rate.
$261,750 00
5.00 percent.
10,900 00
5.25 "
67,000 00
6.00 "
3,350 00
6.25 "
6,500 00
6.30 "
2,000 00
6.50 "
5,200 00
6.60 "
Amount.
Rate.
$3,000 00
6.90 per cent.
Loans on Shares.
Amount.
Rate.
$8,000 00
50 00
1,400 00
50 00
200 00
350 00
50 00
5.00 percent.
5.25
6.00
6.25
7.00
7.25
7.50
Reconciliation of Share Account with Dues and Profits Capital.
Date of
09
u
CL<0
c
— • gj
CO y
6
9
Issue.
'u
SJ3
"3*
5 °
03 £u
03 £».
O
<Xl
>
GO
H
July, 1888, .
2
$192 92
92
$17,748 64
Dues capital, as per gen-
Jan., 1889, .
3
181 15
98
17,752 70
eral ledger,
$330,967 00
July, 1889, .
4
169 71
135
22,910 85
Profits capital, as per
Jan., 1890, .
5
158 70
94
14,917 80
general ledger, .
61,271 84
July, 1890, .
6
148 06
94
13,917 64
Unpaid dues,
2,565 00
Jan., 1891, .
7
137 79
124
17,085 96
July, 1891, .
8
127 76
87
11,115 12
Jan., 1892, .
9
118 09
173
20,429 57
July, 1892, .
10
108 77
170
18,490 90
Jan., 1893, .
11
99 71
211
21,038 81
April, 1893, .
12
95 29
100
9,529 00
July, 1893, .
13
90 95
43
3,910 85
Oct., 1893, .
14
86 67
46
3,986 82
Jan., 1894, .
15
82 46
155
12,781 30
April, 1894, .
16
78 32
70
5,482 40
July, 1894, .
17
74 24
103
7,646 72
Oct., 1894, .
18
70 20
91
6,388 20
Jan., 1895, .
19
66 24
256
16,957 44
April, 1895, .
20
62 34
164
10,223 76
July, 1895, .
21
58 49
133
7,779 17
Oct., 1895, .
22
54 71
141
7,714 11
Jan., 1896, .
23
50 97
192
9,786 24
April, 1896, .
24
47 31
293
13,861 83
July, 1896, .
25
43 66
146
6,374 36
Oct., 1896, .
26
40 10
139
5,573 90
Jan., 1897, .
27
36 58
337
12,327 46
April, 1897, .
28
33 11
346
11,456 06
July, 1897, .
29
29 70
303
8,999 10
Oct., 1897, .
30
26 34
324
8,534 16
Jan., 1898, .
31
23 03
810
18,654 30
April, 1898, .
32
19 76
350
6,916 00
July, 1898, .
33
16 53
501
8,281 53
Oct., 1898, .
34
13 34
299
3,988 66
Jan., 1899, .
35
10 19
522
5,319 18
April, 1889, .
36
7 08
493
3,490 44
July, 1899, .
37
4 02
443
1,780 86
Oct., 1889, .
38
1 00
449
449 00
1,203 00
Total,
Dues paid in
adva
nee, .
•
Total,
$394,803 84
$394,803 84
240 REPORT OF THE [Pub. Doc.
Number of shares issued during the year, 2,247
Number of shares now in force, 8,527
Number of shares now borrowed upon, 2,176
Largest number of shares held by any one member, .... 25
Number of shares withdrawn during the year, .... 1,570
Number of shares forfeited during the year, 91
Number of shares retired during the year, 229
Number of shares matured during the year, 37
Highest rate of premium or interest received on money sold during the year :
5| per cent.
Lowest rate of premium or interest received on money sold during the year :
5 per cent.
Rate of profits distributed : 1st term, 1 5-16 per cent. ; 2d term, 1 5-16 per
cent. ; 3d term, 1| per cent. ; 4th term, 1| per cent.
Number of members withdrawn during the year, 191
Present number of members, 949
Present number of borrowers, 202
Present number of non-borrowers, 747
Number of loans secured by first mortgage of real estate, . . . 195
Number of loans on shares, 59
Largest loan to any one member $5,000 00
Smallest loan to any one member, - 50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, . 1,895 00
Date of examination by commissioner : February 24.
No. 8.] SAVINGS BANK COMMISSIONERS.
241
WAKEFIELD CO-OPERATIVE BANK — WAKEFIELD.
Incorporated Jan. 31, 1887. Commenced business March 5, 1887.
Erastus D. Weston, President. Harry Foster, Secretary and Treasurer.
Names of security committee :
Richard S. Stout, Roger Howard,
Everett W. Eaton, Oliver Walton,
G. E. Smith.
Regular meetings the first Saturday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
Loans on shares, .
Real estate by foreclosure, .
Unpaid interest,
Unpaid premiums,
Unpaid fines, ....
Cash in hands of treasurer, .
$171,100 00
10,000 00
4,132 84
806 25
46 30
74 67
7,324 55
$193,484 61
Dues capital,
Profits capital (all series), .
Guaranty fund, .
Surplus, ....
$161,018 00
29,054 86
855 00
2,556 75
$193,484 61
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Receipts.
Disbursements.
From dues capital,
$51,142 00
For real estate loans, .
$32,750 00
interest,
11,615 03
share loans, .
9,900 00
premiums, .
674 95
dues capital withdrawn,
6,710 00
fines, ....
265 41
dues capital forfeited, .
119 00
transfer fees,
5 00
dues capital retired,
34,954 00
real estate loans repaid,
26,075 00
dues capital matured, .
10,963 00
real estate loans elimi-
profits capital withdrawn,
587 91
nated by foreclosure,
5,600 00
profits capital forfeited, .
15 36
real estate loans elimi-
profits capital retired, .
7,705 75
nated by maturity of
profits capital matured,
4,730 72
shares,
5,200 00
temporary expenses,
746 20
share loans repaid,
7,000 00
interest on retired shares,
834 99
withdrawal profits,
141 43
real estate by foreclosure,
5,925 86
forfeiture profits, .
1 81
Cash on hand Oct. 31, 1899,
7,324 55
real estate by foreclos-
ure, ....
.. 1,860 00
Cash on hand Oct. 31, 1898, .
13,686 71
$123,267 34
$123,267 34
242
REPORT OF THE
[Pub. Doc.
Total Amount of Loans at Specified Rates of Interest.
Loans on Real Estate.
Loans on Shares.
Amount.
Rate.
Amount.
Rate.
Amount.
Rate.
$161,600 00
2,600 00
4,800 00
6.30 per cent.
6.60 "
6.90 "
$900 00
1,200 00
7.20 per cent.
7.50 "
$10,000 00
6.30 per cent.
Reconciliation of
Share Account with Dues and Profits Capital.
Date op
GO
eper
are.
a .
"2. *
6
3
^"3
Issue.
*E
3*
S3£».
o
02
>
CC
H
Nov., 1888, .
5
$190 25
32
$6,088 00
Dues capital, as per gen-
May, 1889, .
6
178 28
18
3,209 04
eral ledger,
$161,018 00
Nov., 1889, .
7
166 65
47
7,832 55
Profits capital, as per
May, 1890, .
8
155 40
25
3,885 00
general ledger, .
29,054 86
Nov., 1890, .
9
144 60
44
6,362 40
Unpaid dues,
1,267 00
May, 1891, .
10
134 13
36
4,828 68
Nov., 1891, .
11
124 02
74
9,177 48
May, 1892, .
12
114 24
76
8,682 24
Nov., 1892, .
13
104 80
79
8,279 20
May, 1893, .
14
95 64
94
8,990 16
Nov., 1893, .
15
86 83
108
9,377 64
May, 1894, .
16
78 31
216
16,914 96
Nov., 1894, .
17
70 06
179
12,540 74
May, 1895, .
18
62 05
158
9,803 90
Nov., 1895, .
19
54 28
183
9,933 24
May, 1896, .
20
46 76
313
14,635 88
Nov., 1896, .
21
39 47
267
10,538 49
May, 1897, .
22
32 39
372
12,049 08
Nov., 1897, .
23
25 52
456
11,637 12
May, 1898, .
24
18 85
374
7,049 90
Nov., 1898, .
25
12 38
497
6,152 86
May, 1899, .
26
6 10
503
3,068 30
303 00
Total, .
Dues paid in adva
nee, .
•
Total,
•
$191,339 86
$191,339 86
Number of shares issued during the year,
Number of shares now in force, ....
Number of shares now borrowed upon, .
Largest number of shares held by any one member,
Number of shares withdrawn during the year,
Number of shares forfeited during the year, .
Number of shares retired during the year,
Number of shares matured during the year, .
Highest rate of premium or interest received on money sold
6 3-10 per cent.
Lowest rate of premium or interest received on money sold
6 3-10 per cent.
Rate of profits distributed : 1st term, 3 per cent.; 2d term,
Number of members withdrawn during the year, .
Present number of members,
Present number of borrowers,
Present number of non-borrowers,
Number of loans secured by first mortgage of real estate,
Number of loans on shares,
Largest loan to any one member, . . .
Smallest loan to any one member,
Amount of expenses of the corporation for the year ending
Date of examination by commissioner: April 27.
1,120
4,151
1,095
25
414
9
480
80
during the year :
during the year :
3 per cent.
. 97
. . 538
. 180
. 358
. 181
. 48
Oct. 31, 1899,
$5,000 00
50 00
746 20
No. 8.] SAVINGS BANK COMMISSIONERS.
243
WALTHAM CO-OPERATIVE BANK — WALTHAM.
Incorporated Oct. 13, 1880. Commenced business Oct. 20, 1880.
Edward P. Smith, President. Daniel F. Viles, Secretary and Treasurer.
Names of security committee :
Edward P. Smith, Michael T. Connelly,
Charles L. Bailey.
Regular meetings the third Thursday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
Loans on shares, .
Real estate by foreclosure, .
Unpaid interest, . .
Unpaid premiums,
Unpaid fines, ....
Cash in hands of treasurer, .
$538,650 00
15,450 00
89,841 14
6,909 03
218 46
922 98
19,092 00
Dues capital,
Profits capital (all
Interest,
Premiums, .
Fines, .
Transfer fees,
Guaranty fund,
Surplus,
Unpaid bills,
Personal account,
seric
is), :
$543,870 00
111,384 55
2,817 50
67 06
120 35
50
9,600 00
2,933 33
226 16
64 16
$671,083 61
$671,083 61
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Receipts.
Disbursements.
From dues capital,
$148,033 00
For real estate loans, .
$109,400 00
interest,
35,799 59
share loans, .
12,200 00
premiums, .
1,009 41
dues capital withdrawn,
73,079 00
fines, ....
1,787 16
dues capital forfeited, .
1,282 00
transfer fees,
4 00
dues capital retired,
33,099 00
real estate loans repaid,
102,350 00
dues capital matured, .
32,706 00
real estate loans elimi-
profits capital withdrawn,
13,145 24
nated by foreclosure,
6,900 00
profits capital forfeited, .
116 49
real estate loans elimi-
profits capital retired, .
9,386 93
nated by maturity of
profits capital matured, .
15,006 38
shares,
17,550 00
temporary expenses,
3,632 07
share loans repaid,
11,200 00
interest on retired shares,
22 78
withdrawal profits,
751 71
expenses on real estate, .
4,268 99
forfeiture profits, .
13 89
real estate by foreclosure,
7,640 59
rents of real estate,
5,402 75
Cash on hand Oct 31, 1899, .
19,092 00
real estate by foreclos-
ure, ....
1,851 00
Cash on hand Oct. 31, 1898, .
1,424 96
$334,077 47
$334,077 47
244
REPORT OF THE
[Pub. Doc.
Total Amount of Loans at Specified Rates of Interest.
Loans on Real Estate.
Loans on Shares.
Amount.
Kate.
Amount.
Rate.
Amount. Rate.
$417,150 00
14,650 00
8,900 00
9,050 00
5,700 00
22,800 00
6.00 per cent.
6.10 "
6.20
6.30 "
6.40 "
6.50 «•
$4,750 00
200 00
2,300 00
47,250 00
3,750 00
2,150 00
6.60 per cent.
6.70 «
6.80 "
6.90 "
7.20 "
7.50 "
$15,150 00
300 00
6.00 per cent.
6.10 "
Reconciliation of Share Account with Dues and Profits Capital,
Date of
Issue.
Oct,
April,
Oct.,
Jan.,
April,
July,
Oct.,
Jan.,
April,
July,
Oct.,
Jan.,
April,
July,
Oct.,
Jan.,
April,
July,
Oct.,
Jan.,
April,
July,
Oct.,
Jan.,
April,
July,
Oct.,
Jan.,
April,
July,
Oct.,
Jan.,
April,
July,
Oct.,
Jan.,
April,
July,
Oct.,
Jan.,
April,
July,
Oct.,
888, . 17
889, . I 18
889,
>
890,
890,
890,
890,
891,
891,
891,
891,
892,
892,
892,
892,
893,
893,
893,
893,
894,
894,
894,
894,
895,
895,
895,
895,
896,
896,
896,
896,
897,
897,
897,
897,
898,
898,
898,
898,
899,
899,
899,
899,
$189 49
177 61
166 08
160 50
154 94
149 53
144 23
139 02
133 88
128 83
123 89
119 00
114 17
109 48
104 81
100 27
95 79
91 39
87 06
82 79
78 64
74 53
70 49
66 50
62 59
58 73
54 91
51 17
47 47
43 84
40 24
36 71
33 24
29 80
26 42
23 09
19 80
16 56
13 36
10 21
7 10
4 03
1 00
139
139
94
100
64
130
129
131
163
105
154
188
195
225
156
220
344
204
131
180
250
153
376
208
274
268
361
267
404
203
262
316
350
243
617
544
618
236
560
656
640
575
832
— as
-2>
Dues paid in advance,
Total, .
$26,339
24.687
15,611
16,050
9,916
19,438
18,605
18,211
21,822
13,527
19,079
22,372
22,263
24,633
16,350
22,059
32,951
18,643
11,404
14,902
19,660
11,403
26,504
13,832
17,149
15,739
19,822
13,662
19,177
8,899
10,542
11,600
11,634
7,241
16,301
12,560
12,236
3,908
7,481
6,697
4,544
2,317
832
11
79
52
00
16
90
67
62
44
15
06
00
15
00
36
40
76
56
86
20
00
09
24
00
66
64
51
39
88
52
88
36
00
40
14
96
40
16
60
76
00
25
00
868 00
$663,486 55
Dues capital, as per gen-
eral ledger,
Profits capital, as per
general ledger, .
Unpaid dues,
otal,
$543,870 00
111,384 55
8,232 00
$663,486 55
No. 8.] SAVINGS BANK COMMISSIONERS.
245
Number of shares issued during the year, 2,946
Number of shares now in force, 12,404
Number of shares now borrowed upon 3,380
Largest number of shares held by any one member, .... 25
Number of shares withdrawn during the year, .... 1,840
Number of shares forfeited during the year, 35
Number of shares retired during the year, 338
Number of shares matured during the year, . . ... . . 237
Highest rate of premium or interest received on money sold during the year :
6 per cent.
Lowest rate of premium or interest received on money sold during the year :
6 per cent.
Rate of profits distributed : 1st term, If per cent. ; 2d term, If per cent. ; 3d
term, If per cent. ; 4th term, If per cent.
Number of members withdrawn during the year, 392
Present number of members, 1,685
Present number of borrowers, 456
Present number of non-borrowers 1,229
Number of loans secured by first mortgage of real estate, . . . 386
Number of loans on shares, 70
Largest loan to any one member, $5,000 00
Smallest loan to any one member, 50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, . 3,632 07
Date of examination by commissioner : May 12.
246
REPORT OF THE
[Pub. Doc.
WATERTOWN CO-OPERATIVE B ANK — WATERTOWN.
Incorporated June 5, 1888. Commenced business June 28, 1888.
Charles Brigham, President. Samuel S. Gleason, Secretary and Treasurer.
Names of security committee :
James H. Norcross, Horace W. Otis,
Samuel S. Gleason.
Regular meetings the fourth Thursday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
Loans on shares, .
Temporary expense account,
Unpaid interest,
Unpaid premiums,
Unpaid fines, ....
Office furniture,
Cash in hands of treasurer, .
$253,056 50
7,295 00
333 87
2,947 97
175 10
245 37
150 00
31,848 17
Dues capital,
Profits capital (all series), .
Interest, ....
Premiums, ....
Fines,
Withdrawal profits,
Guaranty fund, .
Surplus
$238,293 00
46,230 67
6,833 77
424 03
377 69
158 81
1,146 88
2,587 13
$296,051 98
$296,051 98
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Receipts.
Disbursements.
From dues capital,
interest,
premiums, .
fines, ....
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
Cash on hand Oct. 31, 1898, .
$62,900 00
15,422 17
983 44
659 29
3 50
53,525 00
6,825 00
269 83
8,097 63
For real estate loans, .
share loans, .
dues capital withdrawn,
dues capital retired,
profits capital withdrawn,
profits capital retired, .
temporary expenses.
Cash on hand Oct. 31, 1899,
$55,150 00
8,680 00
14,051 00
29,020 00
1,073 88
7,053 90
1,808 91
31,848 17
$148,685 86
$148,685 86
No. 8.] SAVINGS BANK COMMISSIONERS.
247
Total Amount of Loans at Specified Rates of Interest.
Loans on Real Estate.
Loans on Shares.
Amount.
Rate.
Amount.
Rate.
Amount.
Rate.
$212,076 50
6.30 per cent.
$1,700 00
7.20
per cent.
$1,600 00
6.30 per cent.
29,700 00
6.60 «
2,600 00
7.50
<<
5,395 00
6.60 "
6,980 00
6.90 «
300 00
6.90 "
Reconciliation of Share Account with Dues and Profits Capital.
Date of
to
u.
an o
<0 1*
s
i-i a!
Issue.
"C
■3*
53 °
m
>
CO
H
June, 1888, .
1
$191 77
101
$19,368 77
Dues capital, as per gen-
Dec, 1888, .
2
180 36
86
15,510 96
eral ledger,
$238,293 00
June, 1889, .
3
169 27
57
9,648 39
Profits capital, as per
Dec, 1889, .
4
158 47
83
13,153 01
general ledger, .
46,230 67
June, 1890, .
5
148 02
119
17,614 38
Unpaid dues,
4,169 00
Dec, 1890, .
6
137 88
82
11,306 16
June, 1891, .
7
128 04
145
18,565 80
Dec, 1891, .
8
118 48
165
19,549 20
June, 1892, .
9
109 25
63
6,882 75
Dec, 1892, .
10
100 27
96
9,625 92
June, 1893, .
11
91 57
128
11,720 96
Dec, 1893, .
12
83 13
207
17,207 91
'
June, 1894, .
13
74 93
164
12,288 52
Dec, 1894, .
14
66 97
169
11,317 93
June, 1895, .
15
59 24
279
16,527 96
Dec, 1895, .
16
51 74
282
14,590 68
June, 1896, .
17
44 46
207
9,203 22
Dec, 1896, .
18
37 39
372
13,909 08
June, 1897, .
19
30 52
353
10,773 56
Dec, 1897, .
20
23 85
457
10,899 45
June, 1898, .
21
17 38
537
9,333 06
Dec, 1898, .
22
11 10
630
6,993 00
June, 1899, .
23
5 00
461
2,305 00
397 00
Dues paid in
advance, .
Total,
•
•
$288,692 67
Tota
I, . .
•
$288,692 67
Number of shares issued during the year, 1,147
Number of shares now in force, 5,243
Number of shares now borrowed upon, 1,548
Largest number of shares held by any one member, . . . .25
Number of shares withdrawn during the year, 559
Number of shares retired during the year, 360
Highest rate of premium or interest received on money sold during the year :
7 5-10 per cent.
Lowest rate of premium or interest received on money sold during the year :
6 3-10 per cent.
Rate of profits distributed : 1st term, 3 per cent. ; 2d term, 3 per cent.
Number of members withdrawn during the year 66
Present number of members, 521
Present number of borrowers, . . . . ' . . . . 150
Present number of non-borrowers, 371
Number of loans secured by first mortgage of real estate, . . . 130
Number of loans on shares, 38
Largest loan to any one member,
Smallest loan to any one member,
Amount of expenses of the corporation for the year ending Oct. 31, 1899,
Date of examination by commissioner : January 6.
$5,000 00
50 00
1,808 91
248
REPORT OF THE
[Pub. Doc.
WAVERLEY CO-OPERATIVE BANK — BELMONT.
Incorporated April 4, 1896. Commenced business April 13, 1896.
Gustavus C. Holt, President. Ulysses S. Young, Secretary.
Oliver M. Dennett, Treasurer.
Names of security committee :
John P. Bradbury, Isaac EL Looke,
Thomas W. Davis.
Regular meetings the second Monday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Loans on real estate,
Loans on shares, .
Permanent expense account,
Temporary expense account,
Unpaid interest,
Unpaid premiums,
Unpaid fines, ....
Cash in hands of treasurer, .
$50,000 00
1,080 00
185 00
25 61
127 25
25
31 95
2,391 21
5,841 27
Liabilities.
Dues capital,
Profits capital (all series) ,
Interest,
Premiums, .
Fines, .
Transfer fees,
Withdrawal profits,
Guaranty fund, .
Surplus,
$49,585 00
3,609 32
260 02
1 75
10 77
50
28 36
51 39
294 16
$53,841 27
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Receipts.
Disbursements.
From dues capital,
interest,
premiums, .
fines, ....
transfer fees,
real estate loans repaid,
share loans repaid,
withdrawal profits,
Cash on hand Oct. 31, 1898, .
$27,173 00
2,594 14
32 97
111 70
2 50
11,950 00
1,425 00
85 55
606 17
For real estate loans, .
share loans, .
dues capital withdrawn,
profits capital withdrawn,
temporary expenses,
permanent expenses,
Cash on hand Oct. 31, 1899,
$32,900 00
1,330 00
6,734 00
350 57
240 25
35 00
2,391 21
$43,981 03
$43,981 03
No. 8.] SAVINGS BANK COMMISSIONERS.
249
Total Amount
of Loans at Specified Rates of Interest.
Loans on Real Estate.
Loans on Shakes.
Amount.
Rate.
Amount.
Rate.
Amount.
Rate.
$44,000 00
6.00 per cent.
$6,000 00
6.30 per cent.
$1,080 00
6.00 per cent.
Reconciliation of Share Account with Dues and Profits Capital.
Date of
Issue.
09
CO
u
<D OS
3 .£5
"3 go
>
c .
'Z. ®
w
.-a
o
EH
April, 1896, .
Oct., 1896, .
April, 1897, .
Oct., 1897, .
April, 1898, .
Oct., 1898, .
April, 1899, .
Oct., 1899, .
1
2
3
4
5
6
7
8
$47 74
40 46
33 39
26 52
19 85
13 38
7 10
1 00
369
149
171
293
355
319
677
237
$17,616 06
6,028 54
5,709 69
7,770 36
7,046 75
4,268 22
4,806 70
237 00
193 00
Dues capital, as per gen-
eral ledger, .
Profits capital, as per
general ledger, .
Unpaid dues,
Total,
$49,585 00
3,609 32
482 00
Dues paid in advance, .
Total,
•
•
■
$53,676 32
$53,676 32
Number of shares issued during the year, 1,103
Number of shares now in force, 2,570
Number of shares now borrowed upon, 346
Largest number of shares held by any one member, .... 25
Number of shares withdrawn during the year, 504
Highest rate of premium or interest received on money sold during the year :
6 3-10 per cent.
Lowest rate of premium or interest received on money sold during the year :
6 per cent.
Rate of profits distributed : 1st term, 3 per cent. ; 2d term, 3 per cent.
Number of members withdrawn during the year, 61
Present number of members, 323
Present number of borrowers, 42
Present number of non-borrowers, 281
Number of loans secured by first mortgage of real estate, ... 32
Number of loans on shares, 14
Largest loan to any one member,
Smallest loan to any one member
Amount of expenses of the corporation for the year ending Oct. 31, 1899, .
Date of examination by commissioner : November 6.
$5,000 00
50 00
262 25
250
REPORT OF THE
[Pub. Doc.
WEBSTER CO-OPERATIVE BANK— WEBSTER.
Incorporated Aug. 2, 1889. Commenced business Aug. 8, 1889.
Louis E. Pattison, President. C. M. Nash, Secretary and Treasurer.
Names of security committee :
' Louis E. Pattison, James Cocks,
John J. Love.
Regular meetings the second Thursday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
Loans on shares, .
Permanent expense account, .
Temporary expense account,
Unpaid interest,
Unpaid premiums,
Unpaid fines, ....
Cash in hands of treasurer, .
$83,434 00
2,865 00
56 13
143 44
119 75
6 15
6 86
678 73
Dues capital,
Profits capital (all series), .
Interest, ....
Premiums,
Fines,
Withdrawal profits,
Guaranty fund, .
Surplus, ....
$72,282 00
12,377 93
1,263 34
62 82
12 45
87 51
797 00
427 01
$87,310 06
$87,310 06
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Receipts.
Disbursements.
From dues capital,
$21,517 00
For real estate loans, .
$22,309 00
interest,
4,540 33
share loans, .
3,060 00
premiums, .
224 37
dues capital withdrawn,
6.937 00
fines, ....
43 26
dues capital forfeited, .
72 00
real estate loans repaid,
8,525 00
dues capital retired,
2,893 00
share loans repaid,
2,100 00
profits capital withdrawn,
1,065 21
withdrawal profits,
171 02
profits capital forfeited,
5 92
forfeiture profits, .
1 48
profits capital retired, .
821 56
forfeited shares, .
76 44
temporary expenses,
401 36
real estate by foreclos-
permanent expenses,
64 57
ure, ....
626 00
forfeited shares,
76 44
permanent expense ac-
interest on retired shares,
4 38
count,
24 00
Cash on hand Oct. 31, 1899,
678 73
Cash on hand Oct. 31, 1898, .
540 27
$38,389 17
$38,389 17
No. 8.] SAVINGS BANK COMMISSIONERS. 251
Total Amount of Loans at Specified Rates of Interest,
Loans on Real Estate.
Loans on Shakes.
Amount.
Kate.
Amount.
Rate.
Amount.
Rate.
$82,934 00
6.30 per cent.
$500 00
6.60 per cent.
$2,865 00
6.30 per cent.
Reconciliation of Share Account with Dues and Profits Capital.
Date of
a>
a) 5
GO O
—."3
Issue.
°E
"S*
£ °
0S>-
O
CK
>
03
H
Aug., 1889, .
1
$165 00
53
$8,745 00
Dues capital, as per gen-
Feb., 1890, .
2
154 84
o
309 68
eral ledger, .
$72,282 00
Aug., 1890, .
3
144 88
82
11,880 16
Profits capital, as per
Feb., 1891, .
4
135 11
6
810 66
general ledger, .
12,377 93
Aug., 1891, .
5
125 57
24
3,013 68
Unpaid dues,
213 00
Feb., 1892, .
6
116 23
19
2,208 37
Aug., 1892, .
7
107 10
32
3,427 20
Feb., 1893, .
8
98 15
37
3,631 55
Aug., 1893, .
9
89 47
36
3,220 92
Feb., 1894, .
10
81 04
85
6,888 40
Aug., 1894, .
11
72 85
90
6,556 50
Feb., 1895, .
12
64 90
54
3,504 60
Aug., 1895, .
13
57 18
98
5,603 64
Feb., 1896, .
14
49 69
73
3,627 37
Aug., 1896, .
15
42 40
52
2,204 80
Feb., 1897, .
16
35 33
150
5,299 50
Aug., 1897, .
17
28 48
110
3,132 80
Feb., 1898, .
18
21 84
179
3,909 36
Aug., 1898, .
19
15 38
223
3,429 74
Feb., 1899, .
20
9 10
310
2,821 00
Aug., 1899, .
21
3 00
202
606 00
42 00
Total, .
Dues paid in
adva
nee, .
•
Total,
$84,872 93
$84,872 93
Number of shares issued during the year, 540
Number of shares now in force, 1,917
Number of shares now borrowed upon, 551
Largest number of shares held by any one member, . . . .25
Number of shares withdrawn during the year, 212
Number of shares forfeited during the year, 4
Number of shares retired during the year, 20
Highest rate of premium or interest received on money sold during the year :
5 per cent.
Lowest rate of premium or interest received on money sold during the year :
5 per cent.
Rate of profits distributed : 1st term, 3 per cent. ; 2d term, 3 per cent.
Number of members withdrawn during the year, 46
Present number of members, 273
Present number of borrowers, 81
Present number of non-borrowers, 192
Number of loans secured by first mortgage of real estate, ... 74
Number of loans on shares, 20
Largest loan to any one member, $4,100 00
Smallest loan to any one member, 25 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, . 401 36
Date of examination by commissioner : June 12.
252
REPORT OF THE
[Pub. Doc.
WEIR CO-OPERATIVE BANK — TAUNTON.
Incorporated July 11, 1884. Commenced business July 16, 1884.
G. Arthur Lincoln, President. Albert H. Tetlow, Secretary.
T. Preston Burt, Treasurer.
Names of security committee:
John H. Dalglish, Wm. N. Parker,
James 0. Dean.
Regular meei
Bal
kings the sixteenth day of each month.
ance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
Loans on shares, .
Temporary expense account,
Unpaid interest,
Unpaid premiums, .
Unpaid fines, ....
Cash in hands of treasurer, .
$178,500 00
3,3,50 00
151 54
1,039 75
52 51
159 54
8,489 51
Dues capital,
Profits capital (all serie
Interest,
Premiums, .
Pines, .
Transfer fees,
Guaranty fund, .
Surplus,
Advance payments,
s), .
$153,719 00
29,289 12
3,688 25
187 23
132 78
1 00
1.350 00
3.351 47
24 00
$191,742 85
$191,742 85
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Receipts.
Disbursements.
From dues capital,
interest,
premiums, .
fines, ....
transfer fees,
real estate loans repaid,
share loans repaid,
advance payments,
Cash on hand Oct. 31, 1898, .
$38,790 00
10,632 75
540 36
391 93
3 00
42,800 00
5,150 00
271 50
6,909 83
$105,489 37
For real estate loans, .
share loans, .
dues capital withdrawn,
dues capital retired,
profits capital withdrawn,
profits capital retired, .
temporary expenses,
interest on retired shares,
Cash on hand Oct. 31, 1899,
$48,650 00
2,450 00
21,695 00
13,913 00
4,764 61
4,665 50
536 35
325 40
8,489 51
$105,489 37
No. 8.] SAVINGS BANK COMMISSIONERS.
253
Total Amount of Loans at Specified Bates of Interest.
Loans on Real Estate.
Amount.
$178,500 00
Rate.
6.30 per cent.
Amount.
Rate.
Loans on Shakes.
Amount.
$3,350 00
Rate.
6 . 30 per cent.
Reconciliation of Share Account with Dues and Profits Capital.
Date of
o5
eper
are.
3
Issue.
"3*
as ;v.
05 £>
CO
>
00
H
July, 1888
. 9
$189 80
57
$10,818 60
Dues capital, as per gen-
Jan., 1889
. 10
178 52
6
1,071 12
eral ledger, .
$153,719 00
July, 1889
. 11
167 62
88
14,750 56
Profits capital, as per
Jan., 1890
. 12
157 03
16
2,512 48
general ledger, .
29,289 12
July, 1890
. 13
146 67
77
11,293 59
Unpaid dues,
1,111 00
Jan., 1891
. 14
136 74
105
14,357 70
July, 1891
. 15
127 05
67
8,512 35
Jan., 1892
. 16
117 51
42
4,935 42
July, 1892
. 17
108 28
27
2,923 56
Jan., 1893
. 18
99 30
81
8,043 30
July, 1893
. 19
90 59
42
3,804 78
Jan., 1894
. 20
82 14
312
25,627 68
July, 1894
. 21
73 93
211
15,599 23
Jan., 1895
. 22
65 97
118
7,784 46
July, 1895
. 23
58 24
113
6,581 12
Jan., 1896
. 24
50 74
230
11,670 20
July, 1896
. 25
43 46
202
8,778 92
Jan., 1897
. 26
36 39
139
5,058 21
July, 1897
. 27
29 52
111
3,276 72
Jan., 1898
. 28
22 85
286
6,535 10
July, 1898
. 29
16 38
299
4,897 62
Jan., 1899
. 30
10 10
344
3.474 40
July, 1899
. 31
4 00
453
1,812 00
Total,
Total,
•
•
•
$184,119 12
$184,119 12
Number of shares issued during the year,
Number of shares now in force, ....
Number of shares now borrowed upon, .
Largest number of shares held by any one member,
Number of shares withdrawn during the year,
Number of shares retired during the year,
Highest rate of premium or interest received on money sold
6 3-10 per cent.
Lowest rate of premium or interest received on money sold
6 3-10 per cent.
Rate of profits distributed : 1st terra, 3 per cent. ; 2d term,
Number of members withdrawn during the year, .
Present number of members,
Present number of borrowers,
Present number of non-borrowers,
Number of loans secured by first mortgage of real estate,
Number of loans on shares,
Largest loan to any one member,
Smallest loan to any one member,
Amount of expenses of the corporation for the year ending
Date of examination by commissioner: March 21.
. 803
3,426
1,097
. 25
. 443
. 118
during the year :
during the year :
3 per cent.
. 39
. 449
.169
. 280
. 151
. 20
Oct. 31, 1899,
$4,950 00
50 00
536 35
254
REPORT OF THE
[Pub. Doc.
WESTFIELD CO-OPERATIVE BANK — WESTFIELD.
Incorporated Dec. 13, 1881. Commenced business Dec. 19, 1881.
Augustus W. Holton, President. Olin C. Towle, Secretary and Treasurer
Names of security committee :
Augustus W. Holton, Lewelltn Gladwin, Jr.,
Edwin D. Avert.
Regular meetings the third Monday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
Loans on shares, .
Temporary expense account,
Real estate by foreclosure, .
Suspense account, .
Unpaid interest,
Cash in hands of treasurer, .
$171,243 87
10,780 42
399 71
632 89
223 33
4,072 42
11,829 43
Dues capital,
Profits capital (all series) , .
Interest, ....
Fines,
Withdrawal profits,
Guaranty fund, .
Surplus, ....
Forfeited share account,
Matured share account,
$159,853 86
30,111 74
2,996 75
42 82
24 08
2,035 11
135 22
3,179 45
803 04
$199,182 07
$199,182 07
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Receipts.
Disbursements.
From dues capital,
$45,614 50
For real estate loans, .
$28,867 80
interest,
10,374 41
share loans. . . .
10,316 25
fines, ....
149 07
dues capital withdrawn,
26,896 00
real estate loans repaid,
36,340 50
dues capital forfeited, .
462 00
share loans repaid,
13,092 20
dues capital retired,
3,776 00
withdrawal profits,
79 39
dues capital matured, .
15,135 00
forfeited shares, .
542 85
profits capital withdrawn,
3,533 74
matured share account,
21,241 02
profits capital forfeited, .
89 67
Cash on hand Oct. 31, 1898, .
3,966 79
profits capital retired, .
790 65
profits capital matured, .
6,106 02
temporary expenses,
951 94
forfeited shares,
34 52
interest on retired shares,
200 77
interest on matured
•
shares,
134 47
matured share account,
22,140 52
suspense account, .
135 95
Cash on hand Oct. 31, 1899,
11,829 43
$131,400 73
$131,400 73
No. H.] SAYINGS BANK COMMISSIONERS.
200
Total Amount of Loans at Specified Rates of Interest.
Loam am Rbai Erato.
Lo.-.y.s am <*»*""»
Amount.
Kate.
Amount.
Amount. Bate.
$171,243 87
6.00 per cent.
- |
$10,780 42 6.00 per cent.
Reconciliation of Share
Account wi
th Dues an/1 Profits Capital.
Date of
■Tj
-
~~ 6
■ p
- •—
•
I&sce.
0
~x
— »'"
w
>
an
r-
Dec, 1887, .
12
8195 71
76
814,873 96
Dues capital, as per gen-
June, 1888, .
13 184 67
36
6,648 12
eral ledger,
$159.:': \:.
Dec, 1888, .
14 173 72
90
15,652 80
Profits capital, as per
June, 1889, .
15 163 49
51
8,337 99
general ledger, .
30,111 74
Dec., 1889, .
16 153 36
31
4.754 16
Unpaid dues,
4,611 14
June, 1890, .
17 143 42
35
5,019 70
Dec, 1890, .
18 133 79
60
8.027 40
June, 1891, .
19 124 51
92
11,454 92
Dec, 1891, .
20 115 41
129
14,8*7 89
June, 1892, .
21 106 54
79
8,416 66
Dec, 1892, .
:li 97 97
150
14,695 50
June, 1893, .
23
89 63
52
4,660 76
Dec, 1893, .
24
81 52
95
7,744 40
June, 1894, .
25
73 63
108
7.952 04
Dec, 1894, .
26 1 65 95
188
12,398 60
June, 1895, .
27 58 46
75
4,384 50
Dec, 1895, .
28
51 16
167
8,543 72
June, 1896, .
29
44 02
114
5,018 28
Dec, 1896, .
30
37 10
195
7.234 50
June, 1897, .
31
30 36
165
5.009 40
Dec, 1897, .
32
23 78
365
8,679 70
June, 1898, .
33
17 36
294
5,103 84
Dec, 1898, .
34
11 10
319
3,540 90
June, 1899, .
35 5 00
1
302
1,510 00
27 00
Total.
Dues paid in
advance, .
Total,
•
$194,576 74
8194,576 74
Number of shares issued during the year, 763
Number of shares now in force, 3,268
Number of shares now borrowed upon, 1,365
Largest number of shares held by any one member, . . . .25
Number of shares withdrawn during the year, 869
Number of shares forfeited during the year, 16
Number of shares retired during the year, 25
Number of shares matured during the year, 105
Highest rate of premium or interest received on money sold during the year :
6 per cent.
Lowest rate of premium or interest received on money sold during the year
6 per cent.
Rate of profits distributed : 1st term, 2| per cent. ; 2d term, 2| per cent.
Number of members withdrawn during the year, 39
Present number of members 523
Present number of borrowers, 259
Present number of non-borrowers, 264
Number of loans secured by first mortgage of real estate, . . . 155
Number of loans on shares, 104
Largest loan to any one member, 85,000 00
Smallest loan to any one member, 5 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, . 1,001 94
Date of examination by commissioner : October 30.
256
REPOKT OF THE
[Pub. Doc.
WEST NEWTON CO-OPERATIVE BANK — WEST
NEWTON.
Incorporated June 16, 1892. Commenced business June 22, 1892.
Marcus Mortox, President. Roland F. Gabions, 2d, Secretary.
Hexry L. Whittlesey, Treasurer.
Names of security committee :
C. M. "Whittlesey, James H. Nickersox,
Henry H. Hunt.
Regular meetings the fourth Wednesday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
§47,930 00
Dues capital,
$48,084 00
Loans on shares, .
360 00
Profits capital (all series), .
7,069 09
Temporary expense account,
55 17
Interest, ....
1,060 96
Real estate bv foreclosure, .
1,951 76
Premiums, ....
55 71
Cash in hands of treasurer, .
7,459 42
Fines,
13 29
Withdrawal profits,
90 51
Guaranty fund,
506 05
Surplus, ....
825 06
Forfeited share account,
18 70
Personal account,
32 98
§57,756 35
$57,756 35
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Eeceipts.
DlSBCBSEHE>'TS.
From dues capital,
$14,970 00 ■
For real estate loans, .
$14,275 00
interest,
3,169 30
share loans, .
230 00
premiums, .
175 60
dues capital withdrawn,
11,244 00
fines, ....
137 93
profits capital withdrawn.
1,387 07
transfer fees,
50
temporary expenses,
217 39
real estate loans repaid,
14,100 00
taxes, water rate, etc., .
30 31
share loans repaid,
170 00
interest refunded, .
10 00
withdrawal profits,
293 98
premiums refunded,
50
Cash on hand Oct. 31, 1898, .
1,836 58
tines refunded,
20
Cash on hand Oct. 31, 1899, .
7,459 42
$34,853 89
$34,853 89
No. 8.] SAVINGS BANK COMMISSIONERS.
257
Total Amount of Loans at Specified Rates of Interest.
Loans on Real Estate.
Loans on Shakes.
Amount.
Kate.
Amount.
Kate.
Amount.
Rate.
$44,730 00
2,200 00
6.30 per cent.
6.60 "
$700 00
300 00
6.90 per cent.
7.50 "
$360 00
6.30 per cent.
Reconciliation of Share Account with Dues and Profits Capital.
Date of
o e3
CO o
o3
Issue.
°£
3fl
"5 ^
U o
2^
o
32
>
rj}
H
June, 1892, .
1
$109 25
110
$12,017 50
Dues capital, as per gen-
Dec, 1892, .
2
100 29
99
9,928 71
eral ledger,
$48,084 00
June, 1893, .
3
91 58
25
2,289 50
Profits capital, as per
Dec, 1893, .
4
83 13
58
4,821 54
general ledger, .
7,069 09
June, 1894, .
5
74 93
54
4,046 22
Unpaid dues,
464 00
Dec, 1894, .
6
66 97
43
2,879 71
June, 1895, .
7
59 24
69
4,087 56
Dec, 1895, .
8
51 74
38
1,966 12
June, 1896, .
9
44 46
45
2,000 70
Dec, 1896, .
10
37 39
70
2,617 30
June, 1897, .
11
30 52
84
2,563 68
Dec, 1897, .
12
23 85
91
2,170 35
June, 1898, .
13
17 38
85
1,477 30
Dec , 1898, .
14
11 10
119
1,320 90
June, 1899, .
15
5 00
277
1,385 00
45 00
Total,
Dues paid in i
idva
ace, .
•
Total, .
$55,617 09
$55,617 09
Number of shares issued during the year, 463
Number of shares now in force, 1,267
Number of shares now borrowed upon, 276
Largest number of shares held by any one member, .... 25
Number of shares withdrawn during the year, 384
Highest rate of premium or interest received on money sold during the year :
5 cents premium.
Lowest rate of premium or interest received on money sold during the year :
5 cents premium.
Rate of profits distributed : 1st term, 3 per cent. ; 2d term, 3 per cent.
Number of members withdrawn during the year, 25
Present number of members, 168
Present number of borrowers, 40
Present number of non-borrowers, 128
Number of loans secured by first mortgage of real estate, ... 38
Number of loans on shares, 2
Largest loan to any one member, $3,000 00
Smallest loan to any one member, 80 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, . 217 39
Date of examination by commissioner : December 21.
258
REPORT OF THE
[Pub. Doc.
WEST ROXBTJRY CO-OPERATIVE BANK — BOSTON.
Incorporated Feb. 1, 1881. Commenced business March 3, 1881.
Stephen F. Woodman, President. Benj. H. Jones, Secretary.
Edward M. Brewer, Treasurer.
Names of security committee :
Edward M. Brewer, Henry A. Wood,
R. S. Barrows.
Regular meetings the first Thursday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Loans on real estate,
Loans on shares, .
Real estate by foreclosure,
Unpaid interest,
Unpaid fines, .
Loan on public funds, .
Cash in hands of treasurer,
$324,740 42
46,550 00
4,093 69
754 69
110 04
15,000 00
1,989 46
$393,238 30
Liabilities.
Dues capital,
Profits capital (all series),
Guaranty fund, .
Surplus,
Forfeited share account,
$318,245 00
67,169 22
2,843 42
4,940 84
39 82
$393,23S 30
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Receipts.
From dues capital,
interest,
fines, .
transfer fees,
real estate loans repaid,
real estate loans elimi-
nated by foreclosure,
real estate loans elimi-
nated by maturity of
shares,
share loans repaid,
withdrawal profits,
forfeiture profits, .
taxes repaid,
Cash on hand Oct. 31, 1898,
$75,010 00
18,172 60
570 22
4 50
39,800 00
4,500 00
100 00
25,800 00
724 04
52
10 15
7,048 82
$171,740 85
Disbursements.
For real estate loans, .
share loans, .
dues capital withdrawn
dues capital forfeited,
dues capital retired,
dues capital matured,
profits capital withdrawn,
profits capital forfeited,
profits capital retired,
profits capital matured,
temporary expenses,
forfeited shares,
interest on retired shares,
interest on matured
shares,
taxes paid,
loan on public funds, .
real estate by foreclosure,
Cash on hand Oct. 31, 1899, .
563,790 42
34,450 00
20,062 00
92 00
9,912 00
12,870 00
2,895 55
2 07
2,345 72
5,212 80
2,181 98
10 00
197 09
297 00
10 15
15,000 00
422 61
1,989 46
171,740 85
No. 8.] SAYINGS BANK COMMISSIONERS.
259
Total Amount of Loans at Specified Rates of Interest.
Loans on Real Estate.
Amount.
$324,740 42
Rate.
5.00 per cent.
Amount.
Rate.
Loans on Shares.
Amount.
$46,550 00
Rate.
5.00 per cent.
Reconciliation of Share Account with Dues and Profits Capital.
Date of
GO
"Z »
GO o
a
Issue.
°E
'3*
s*
o
02
>
cfi
H
Nov., 1887, .
14
$204 97
81
$16,602 57
Dues capital, as per gen-
May, 1888, .
15
193 12
136
26,264 32
eral ledger, .
$318,245 00
Nov., 1888, .
16
181 67
97
17,621 99
Profits capital, as per
May, 1889, .
17
170 61
116
19,790 76
general ledger, .
67,169 22
Nov., 1889, .
18
159 90
117
18,708 30
Unpaid dues,
1,701 00
May, 1890, .
19
149 52
106
15,849 12
Nov., 1890, .
20
139 45
120
16,734 00
May, 1891, .
21
129 62
154
19,961 48
Nov., 1891, .
22
120 13
125
15,016 25
May, 1892, .
23
110 88
178
19,736 64
Nov., 1892, .
24
101 91
150
15,286 50
May, 1893, .
25
93 20
261
24,325 20
Nov., 1893, .
26
84 73
193
16,352 89
May, 1894, .
27
76 49
265
20,269 85
Nov., 1894, .
28
68 53
272
18,640 16
May, 1895, .
29
60 79
230
13,981 70
Nov., 1895, .
30
53 26
285
15,179 10
May, 1896, .
31
45 95
258
11,855 10
Nov., 1896, .
32
38 84
431
16,740 04
May, 1897, .
33
31 91
471
15,029 61
Nov., 1897, .
34
25 19
465
11,713 35
May, 1898, .
35
18 67
515
9,615 05
Nov., 1898, .
36
12 30
610
7,503 00
May, 1899, .
37
6 08
653
3,970 24
368 00
Total,
Dues paid in
adva
nee, .
■
Total, .
$387,115 22
$387,115 22
Number of shares issued during the year, 1,322
Number of shares now in force, 6,289
Number of shares now borrowed upon, 2,791
Largest number of shares held by any one member, . . . .25
Number of shares withdrawn during the year, 595
Number of shares forfeited during the year, 23
Number of shares retired during the year, 108
Number of shares matured during the year, 90
Highest rate of premium or interest received on money sold during the year :
5 per cent.
Lowest rate of premium or interest received on money sold during the year:
5 per cent.
Rate of profits distributed : 1st term, 1\ per cent. ; 2d term, 2^ per cent.
Number of members withdrawn during the year, 91
Present number of members • . . . . 723
Present number of borrowers 244
Present number of non-borrowers, 479
Number of loans secured by first mortgage of real estate, . . . 129
Number of loans on shares, 115
Largest loan to any one member, $5,000 00
Smallest loan to any one member, 50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, . 2,181 98
Date of examination by commissioner : July 18.
260
REPORT OF THE
[Pub. Doc.
WEST SOMERVILLE CO-OPERATIVE BANK— SOMER-
VILLE.
Incorporated Nov. 29, 1890. Commenced business Dec. 11, 1890.
J. Warren Bailey, President. Oliver H. Perry, Secretary and Treasurer.
Names of security committee :
L. E. Merry, E. S. Sparrow,
D. E. Robbins.
Regular meetings the third Monday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Loans on real estate,
Loans on shares, .
Real estate by foreclosure,
Unpaid interest,
Unpaid premiums,
Unpaid fines, .
Cash in hands of treasurer,
|167,500 00
12,389 00
9,366 73
576 20
11 40
83 32
8,776 35
$198,703 00
Liabilities.
Dues capital,
Profits capital (all series),
Interest,
Premiums, .
Fines, .
Withdrawal profits,
Guaranty fund, .
Surplus,
Forfeited share account,
$166,815 00
29,511 83
825 29
8 82
14 39
11 66
541 18
924 83
50 00
$198,703 00
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Receipts.
Disbuesements.
From dues capital,
$45,522 00
For real estate loans, .
$44,000 00
interest,
9,588 39
share loans, .
11,909 00
premiums, .
139 24
dues capital withdrawn,
17,790 00
fines, ....
283 23
dues capital retired,
6,272 00
transfer fees,
50
profits capital withdrawn,
2,178 89
real estate loans repaid,
26,550 00
profits capital retired, .
1,587 57
share loans repaid,
8,45-5 00
temporary expenses,
671 77
withdrawal profits,
345 77
forfeited shares, .
91 23
real estate by foreclos-
real estate by foreclosure.
843 89
ure, ....
786 50
Cash on hand Oct. 31, 1899,
8,776 35
Cash on hand Oct. 31, 1898, .
2,450 07
$94,120 70
$94,120 70
No. 8.] SAYINGS BANK COMMISSIONERS.
261
Total Amount of Loans at Specified Rates of Interest.
Loans on Keal Estate.
Loans on Shares.
Amount. Rate.
Amount.
Rate.
Amount.
Rate.
$95,100 00
2,800 00
2,000 00
31,600 00
5.00 per cent.
5.25 "
5.75 "
6.00 "
$1,800 00
28,800 00
5,400 00
6.25 per cent.
6.30 "
6.60 "
$10,314 00
50 00
2,025 00
5.00 per cent.
5.75 "
6.00 "
Reconciliation of Share Account with Dues and Profits Capital.
Date of
w
c .
r-l'iJS
Issue.
~u
S.C
5&4
O
Jj
>
CO
H
Dec, 1890, .
1
$139 21
134
$18,654 14
Dues capital, as per gen-
April, 1891, .
2
132 51
154
20,406 54
eral ledger,
$166,815 00
Oct., 1891, .
3
122 79
119
14,612 01
Profits capital, as per
April, 1892, .
4
113 32
174
19,717 68
general ledger, .
29,511 83
Oct., 1892, .
5
104 14
135
14,058 90
Unpaid dues,
1,567 00
April, 1893, .
6
95 25
137
13,049 25
Oct., 1893, .
7
86 62
75
6,496 50
April, 1894, .
8
78 29
91
7,124 39
Oct., 1894, .
9
70 20
129
9,055 80
April, 1895, .
10
62 34
229
14,275 86
Oct., 1895, .
11
54 69
207
11,320 83
April, 1896, .
12
47 29
239
11,302 31
Oct., 1896, .
13
40 09
109
4,369 81
April, 1897, .
14
33 10
259
8,572 90
Oct., 1897, .
15
.26 33
355
9,347 15
April, 1898, .
16
19 74
328
6,474 72
Oct., 1898, .
17
13 33
379
5,052 07
April, 1899, .
18
7 09
533
3,778 97
Oct., 1899, .
19
1 00
210
210 00
14 00
Total,
Dues paid in
adva
»
nee, .
•
Total,
$197,893 83
$197,893 83
Number of shares issued during the year, 924
Number of shares now in force, 3,996
Number of shares now borrowed upon, 1,177
Largest number of shares held by any one member, . . . .25
Number of shares withdrawn during the year, 606
Number of shares retired during the year, 67
Highest rate of premium or interest received on money sold during the year:
5 per cent.
Lowest rate of premium or interest received on money sold during the year :
5 per cent.
Rate of profits distributed : 1st term, 2£ per cent. ; 2d term, 2£ per cent.
Number of members withdrawn during the year, 50
Present number of members, 446
Present number of borrowers, 101
Present number of non-borrowers, 345
Number of loans secured by first mortgage of real estate, ... 74
Number of loans on shares, 45
Largest loan to any one member, $5,000 00
Smallest loan to any one member, 15 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, . 671 77
Date of examination by commissioner : January 12.
262
REPORT OF THE
[Pub. Doc.
WEST SPRINGFIELD CO-OPERATIVE BANK
SPRINGFIELD.
WEST
Incorporated April 8, 1897. Commenced business May 12, 1897.
Charles McKernon, President. John C. Worcester, Secretary.
Henry E. Schmttck, Treasurer.
Names of security committee :
Fred H. Sibley,
Talcott A. Rogers,
Charles A. Edgerton.
Regular meetings the second "Wednesday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
Loans on shares, .
Permanent expense account,
Unpaid interest,
Unpaid fines, ....
Cash in hands of treasurer, .
$21,650 00
1,205 00
65 97
10 00
4 56
1,817 46
Dues capital,
Profits capital (all series) , .
Guaranty fund, .
Surplus, ....
$23,307 00
1,389 92
16 33
39 74
$24,752 99
$24,752 99
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31,1899.
Receipts.
From dues capital,
$14,673 00
interest,
1,101 04
fines, ....
38 20
transfer fees,
2 00
real estate loans repaid,
2,950 00
share loans repaid,
440 00
security committee,
9 00
Cash on hand Oct. 31, 1898, .
2,154 19
$21,367 43
Disbursements.
For real estate loans, .
share loans, .
dues capital withdrawn
profits capital withdrawn,
temporary expenses,
forfeited shares,
Cash on hand Oct. 31, 1899
$14,350 00
1,280 00
3,657 00
156 33
8 64
98 00
1,817 46
$21,367 43
No. 8.] SAVINGS BANK COMMISSIONERS.
263
Total Amount of Loans at Specified Rates of Interest.
Loans on Real Estate.
Loans on Shares.
Amount.
Kate.
Amount.
Rate.
Amount.
Rate.
$21,650 00
6.00 per cent.
$1,050 00
90 00
15 00
40 00
10 00
6.00 per cent.
6.66 «
7.20 "
7.50 "
7.80 "
Reconciliation of Share Account with Dues and Profits Capital.
Date of
ISSDE.
to
ID .
a> as
■a oo
>
" a>
tn w
QJ ■-,
fc °
OS ^j
JO"
03
<0
3
o
May, 1897, .
Nov., 1897, .
May, 1898, .
Nov., 1898, .
May, 1899, .
1
2
3
4
5
$32 33
25 52
18 85
12 38
6 10
269
328
171
263
193
$8,696 77
8,370 56
3,223 35
3,255 94
1,177 30
109 00
Dues capital, as per gen-
eral ledger,
Profits capital, as per
general ledger, .
Unpaid dues,
Total, .
$23,307 00
1,389 92
136 00
Dues paid in advance, .
Total,
•
•
$24,832 92
$24,832 92
Number of shares issued during the year, 520
Number of shares now in force, 1,224
Number of shares now borrowed upon, 223
Largest number of shares held by any one member, .... 25
Number of shares withdrawn during the year, ..... 244
Highest rate of premium or interest received on money sold during the year :
6 per cent.
Lowest rate of premium or interest received on money sold during the year :
6 per cent.
Rate of profits distributed : 1st term, 3 per cent. ; 2d term, 3 per cent.
Number of members withdrawn during the year, 42
Present number of members, 206
Present number of borrowers, 39
Present number of non-borrowers, 167
Number of loans secured by first mortgage of real estate, . . .23
Number of loans on shares 16
Largest loan to any one member,
Smallest loan to any one member,
Amount of expenses of the corporation for the year ending Oct. 31, 1899, .
Date of examination by commissioner : July 28.
$3,000 00
10 00
15 77
264
REPORT OF THE
[Pub. Doc.
WHITMAN CO-OPERATIVE BANK — WHITMAN.
Incorporated March 6, 1889. Commenced business March 11, 1889.
Amos S. Stetson, President. George D. Soule, Secretary and Treasurer.
Names of security committee :
Arthur, Coleman, George D. Soule,
George A. Dorr.
Regular meetings the second Monday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
$108,550 00
Dues capital,
$98,825 00
Loans on shares, .
5,220 00
Profits capital (all series), .
23,821 98
Permanent expense account,
50 00
Withdrawal profits,
32 40
Temporary expense account,
65 67
Guaranty fund, .
403 49
Real estate by foreclosure,
7,935 32
Surplus, ....
2,538 63
Unpaid interest,
36 21
Unpaid premiums,
8 70
Unpaid fines, ....
1 50
Mortgage, ....
650 00
Cash in hands of treasurer, .
3,104 10
$125,621 50
$125,621 50
Detailed Statement of Receipts and Disbursements for the Tear ending
Oct. 31, 1899.
Receipts.
Disbursements.
From dues capital,
$21,926 00
For real estate loans; .
$19,775 00
interest,
6,260 27
share loans, .
2,745 00
premiums, .
420 85
dues capital withdrawn,
7,912 00
fines, ....
388 05
dues capital forfeited, .
111 00
transfer fees,
50
dues capital retired,
5,912 00
real estate loans repaid,
9,100 00
profits capital withdrawn,
1,370 66
real estate loans elimi-
profits capital forfeited,
7 94
nated by foreclosure,
1,800 00
profits capital retired, .
1,960 70
share loans repaid,
2,350 00
temporary expenses,
382 84
withdrawal profits,
342 75
interest on retired shares,
153 28
forfeiture profits, .
1 99
real estate by foreclosure,
2,171 11
forfeited shares, .
113 59
Cash on hand Oct. 31, 1899,
3,104 10
real estate by foreclos-
ure, ....
2,349 33
Cash on hand Oct. 31, 1898, .
552 30
$45,605 63
$45,605 63
No. 8.] SAVINGS BANK COMMISSIONERS.
265
Total Amount of Loans at Specified Rates of Interest.
Loans on Eeal Estate.
Loans on Shares.
Amount.
Eate.
Amount.
Eate.
Amount.
Eate.
$90,150 00
13,950 00
6.30 per cent.
6.60 »
$2,150 00
2,300 00
6.90 per cent.
7.20 «
$4,020 00
650 00
250 00
300 00
6.30 per cent.
6.60 "
6.90 "
7.50 «
Reconciliation of Share Account with Dues and Profits Capital.
Date op
05
u
H
"1 «
s
Issue.
C
"3 go
©
02
>
02
H
Mar., 1889, .
1
$178 40
83
$14,807 20
i
Dues capital, as per gen-
Sept., 1889, .
2
167 09
69
11,529 21
eral ledger,
$98,825 00
Mar., 1890, .
3
156 24
80
12,499 20
Profits capital, as per
Sept., 1890, .
4
145 64
63
9,175 32
general ledger, .
23,821 98
Mar., 1891, .
5
135 35
87
11,775 45
Unpaid dues,
1,625 00
Sept., 1891, .
6
125 38
22
2,758 36
Mar., 1892, .
7
115 67
49
5,667 83
Sept., 1892, .
8
106 32
50
5,316 00
Mar., 1893, .
9
97 28
85
8,268 80
Sept., 1893, .
10
88 55
20
1,771 00
Mar., 1894, .
11
80 10
58
4,645 80
Sept., 1894, .
•12
71 90
67
4,817 30
Mar., 1895, .
13
63 94
83
5,307 02
Sept., 1895, .
14
56 22
72
4,047 84
Mar., 1896, .
15
48 72
92
4,482 24
Sept., 1896, .
16
41 44
63
2,610 72
Mar., 1897, .
17
34 37
132
4,536 84
Sept., 1897, .
18
27 51
103
2,833 53
Mar., 1898, .
19
20 85
142
2,960 70
Sept., 1898, .
20
14 38
169
2,430 22
Mar., 1899, .
21
8 10
214
1,733 40
Sept., 1899, .
22
2 00
137
274 00
24 00
Total, .
Dues paid in
adva
ace, .
•
Total,
$124,271 98
$124,271 98
Number of shares issued during the year, 404
Number of shares now in force, 1,940
Number of shares now borrowed upon 646
Largest number of shares held by any one member, .... 25
Number of 8hares withdrawn during the year, 230
Number of shares forfeited during the year, 9
Number of shares retired during the year, 51
Highest rate of premium or interest received on money sold during the year :
25 cents premium.
Lowest rate of premium or interest received on money sold during the year :
5 cents premium.
Rate of profits distributed : 1st term, 3 per cent. ; 2d term, 3 per cent.
Number of members withdrawn during the year, 53
Present number of members, 324
Present number of borrowers, Ill
Present number of non-borrowers, 213
Number of loans secured by first mortgage of real estate, . . . Ill
Number of loans on shares, 32
Largest loan to any one member, . . . $4,800 00
Smallest loan to any one member, 20 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, . 486 28
Date of examination by commissioner : March 21.
266
REPORT OF THE
[Pub. Doc.
WINCHENDON CO-OPERATIVE BANK — WINCHENDON.
Incorporated Sept. 9, 1891. Commenced business Sept. 16, 1891.
Frederick W. Russell, President. "Waldo C. Corey, Secretary.
Silas A. Greenwood, Treasurer.
Names of security committee :
Amos S. Lamb, John Sweetser,
Benjamin M. Wright.
Regular meetings the third Wednesday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
$63,425 00
Dues capital,
$56,608 00
Loans on shares, .
2,850 00
Profits capital (all series), .
9,848 51
Temporary expense account, .
31 75
Interest, ....
566 79
Cash in hands of treasurer, .
1,365 69
Premiums, .
Fines, ...
Transfer fees,
Withdrawal profits,
Guaranty fund, .
Surplus,
1 60
3 49
1 75
05
314 33
326 76
Forfeited share account,
1 16
$67,672 44
$67,672 44
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Receipts.
Disbursements.
From dues capital,
$15,877 00
For real estate loans, .
$16,250 00
interest,
3,851 44
share loans, .
3,550 00
premiums, .
13 40
dues capital withdrawn,
5,429 00
fines, ....
89 29
dues capital forfeited, .
67 00
transfer fees,
4 25
dues capital retired,
5,954 00
real estate loans repaid,
12,160 00
profits capital withdrawn,
757 58
share loans repaid,
2,680 00
profits capital forfeited.
14 56
withdrawal profits,
75 53
profits capital retired, .
1,670 28
forfeiture profits, .
1 46
temporary expenses,
154 23
Cash on hand Oct. 31, 1898, .
459 97
Cash on hand Oct. 31, 1899,
1,365 69
$35,212 34
$35,212 34
No. 8.] SAVINGS BANK COMMISSIONERS.
267
Total Amount of Loans at Specified Rates of Interest.
Loans on Real Estate.
Loans on Shakes.
Amount.
Eate.
Amount.
Eate.
Amount.
Eate.
$33,200 00
29,525 00
5.00 per cent.
6.00 "
$700 00
7.20 per cent.
$2,430 00
420 00
5.00 per cent.
6.00 "
Reconciliation of Share Account with Dues and Profits Capital.
Date of
09
a .
"" ®
OS o
<B u
Issue.
•c
3.CJ
"3*
£ °
©
CD
>
OQ
H
Sept., 1891, .
1
$124 94
113
$14,118 22
Dues capital, as per gen-
Mar., 1892, .
2
115 44
98
11,313 12
eral ledger,
$56,608 00
Sept., 1892, .
3
106 22
32
3,399 04
Profits capital, as per
Mar., 1893, .
4
97 27
37
3,598 99
general ledger, .
9,848 51
Sept., 1893, .
5
88 57
29
2,568 53
Unpaid dues,
127 00
Mar., 1894, .
6
80 13
34
2,724 42
Sept., 1894, .
7
71 93
23
1,654 39
Mar., 1895, .
8
63 97
48
3,070 56
Sept., 1895, .
9
56 24
112
6,298 88
Mar., 1896, .
10
48 74
62
3,021 88
Sept., 1896, .
11
41 46
51
2,114 46
Mar., 1897, .
12
34 39
125
4,298 75
Sept., 1897, .
13
27 52
117
3,219 84
Mar., 1898, .
14
20 85
87
1,813 95
Sept., 1898, .
15
14 38
106
1,524 28
Mar., 1899, .
16
8 10
152
1,231 20
Sept., 1899, .
17
2 00
252
504 00
109 00
Total,
Dues paid in
adva
nee, .
•
Total,
$66,583 51
$66,583 51
Number of shares issued during the year 437
Number of shares now in force, . . . . . . . 1,478
Number of shares now borrowed upon, 400
Largest number of shares held by any one member, .... 23
Number of shares withdrawn during the year, 143
Number of shares forfeited during the year, 1
Number of shares retired during the year, 62
Highest rate of premium or interest received on money sold during the year :
5 per cent.
Lowest rate of premium or interest received on money sold during the year :
5 per cent.
Rate of profits distributed: 1st term, 3 per cent.; 2d term, 3 per cent.
Number of members withdrawn during the year, 29
Present number of members, 252
Present number of borrowers, 78
Present number of non-borrowers, 174
Number of loans secured by first mortgage of real estate, ... 78
Number of loans on shares, 19
Largest loan to any one member, $2,500 00
Smallest loan to any one member, 10 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, . 154 23
Date of examination by commissioner : April 26.
268
EEPORT OF THE
[Pub. Doc.
WINCHESTER CO-OPERATIVE BANK— WINCHESTER.
Incorporated Not. 13, 1893. Commenced business Nov. 13, 1893.
L. C. Pattee, President. T. B. Cotter, Secretary and Treasurer.
Names of security committee :
George A. Fernaxd, T. B. Cotter,
L. C. Pattee.
Regular meetings the first Monday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
Loans on shares, .
Demand loan secured by col-
lateral, ....
Cash in hands of treasurer, .
887,050 00
5,725 00
7,500 00
291 65
Dues capital,
Profits capital (all series), .
Guaranty fund, .
Surplus," ....
Profit and loss account,
$88,593 00
11,174 16
250 00
250 00
299 49
$100,566 65 |
§100,566 65
Detailed Statement of Receipts and Disbursements for the Year ending
Oct, 31, 1899.
Eeceipts.
DlSBEESEME>"T3.
From dues capital,
$30,838
00
For real estate loans, .
S3 1.750 00
interest,
5,939
51
share loans, .
5,660 00
premiums, .
222
20
dues capital withdrawn,
9,606 00
fines, ....
437
38
dues capital forfeited, .
396 00
transfer fees,
75
dues capital retired,
4,203 00
real estate loans repaid,
20.300
00
profits capital withdrawn,
799 65
share loans repaid,
1,835
DO
profits capital forfeited,
40 50
withdrawal profits,
173
72
profits capital retired, .
780 80
forfeiture profits, .
8
10
temporary expenses,
603 62
demand collateral loan,
4,500
00
permanent expenses,
120 20
Cash on hand Oct. 31, 1898, .
1,976
76
demand collateral loan, .
Cash on hand Oct. 31, 1599, .
12,000 00
291 65
365,251 42
$66,251 42
No. 8.] SAYINGS BANK COMMISSIONEES.
269
Total Amount of Loans at Specified Rates of Interest.
Loans on Keal Estate.
Loans on Shares.
Amount.
Eate.
Amount.
Rate.
Amount.
Rate.
$64,650 00
10,500 00
5.30 per cent.
5.60 "
$1,850 00
10,050 00
6.00 per cent.
6.30 "
$5,725 00
5.30 per cent.
Reconciliation of Share Account with Dues and Profits Capital.
Date of
oo
u
8.2
a
oj
3
Issue.
•2
S.C
03 O
$>
<o
05^°
j=Eh
o
00
>
OJ
H
Nov., 1893, .
1
$85 80
268
$22,994 40
Dues capital, as per gen-
May, 1894, .
2
77 44
162
12,545 28
eral ledger,
$88,593 00
Nov., 1894, .
3
69 32
98
6,793 36
Profits capital, as per
May, 1895, .
4
61 44
136
8,355 84
general ledger, .
11,174 16
Nov., 1895, .
5
53 79
158
8,498 82
Unpaid dues,
761 00
May, 1896, .
6
46 36
268
12,424 48
Nov., 1896, .
7
39 15
151
5,911 65
May, 1897, .
8
32 14
259
8,324 26
Nov., 1897, .
9
25 34
254
6,436 36
May, 1898, .
10
18 74
181
3,391 94
Nov., 1898, .
11
12 33
271
3,341 43
May, 1899, .
12
6 09
226
1,376 34
134 00
Total,
Dues paid in
adva
nee, .
Total,
$100,528 16
$100,528 16
Number of shares issued during the year, 550
Number of shares now in force 2,432
Number of shares now borrowed upon, 623
Largest number of shares held by any one member, .... 25
Number of shares withdrawn during the year, 392
Number of shares forfeited during the year, 18
Number of shares retired during the year, 60
Highest rate of premium or interest received on money sold during the year :
6 per cent.
Lowest rate of premium or interest received on money sold during the year :
5 3-10 per cent.
Rate of profits distributed : 1st term, 2£ per cent. ; 2d term, 2£ per cent.
Number of members withdrawn during the year, 38
Present number of members, 300
Present number of borrowers, 66
Present number of non-borrowers, 234
Number of loans secured by first mortgage of real estate, . . .58
Number of loans on shares, . . 23
Largest loan to any one member, $5,000 00
Smallest loan to any one member, 25 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, . 998 82
Date of examination by commissioner : November 13.
270
KEPORT OF THE
[Pub. Doc.
WOBURN CO-OPERATIVE B ANK — WOBTJRN.
Incorporated Feb. 21, 1887. Commenced business March 10, 1887.
James Skinner, President. Gordon Parker, Secretary and Treasurer.
Names of security committee :
H. C. Hall, Lawrence Reade,
Thomas Salmon, J. H. Parker,
F. W. Gretdon.
Regular meetings the second Thursday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
$177,675 00
Dues capital,
$163,072 00
Loans on shares, .
5,477 00
Profits capital (all series), .
35,140 21
Permanent expense account,
225 00
Interest, ....
950 26
Temporary expense account,
61 64
Premiums, ....
54 15
Real estate by foreclosure, .
19,111 54
Fines,
35 70
Unpaid interest,
1,213 40
Withdrawal profits,
76 51
Unpaid premiums,
69 55
Forfeiture profits,
24 89
Unpaid fines, ....
122 52
Guaranty fund, .
2,688 95
Mortgages, ....
1,200 00
Surplus, ....
461 83
Forfeited share account,
7 16
Insurance, ....
11 50
Receipts on account Novem-
ber meeting,
2,632 49
$205,155 65
$205,155 65
Detailed Statement of Receipts and Disbursements for the Tear ending
Oct. 31, 1899.
Receipts.
Disbursements.
From dues capital,
$45,359 00
For real estate loans, .
$43,895 00
interest,
12,222 07
share loans, .
7,200 00
premiums, .
725 82
dues capital withdrawn,
17,537 00
fines, ....
575 24
dues capital forfeited, .
1,977 00
transfer fees,
6 00
dues capital retired,
31,771 00
real estate loans repaid,
35,000 00
dues capital matured, .
1,380 00
real estate loans elimi-
profits capital withdrawn,
3,131 80
nated by foreclosure,
16,600 00
profits capital forfeited,
290 06
real estate loans elimi-
profits capital retired, .
9,155 77
nated by maturity of
profits capital matured,
646 60
shares,
2,000 00
temporary expenses,
1,150 30
share loans repaid,
8,655 00
interest on retired shares,
565 09
withdrawal profits,
787 33
real estate by foreclosure,
16,227 07
forfeiture profits, .
72 50
insurance,
23 50
real estate by fore-
mortgages,
1,200 00
closure,
7,278 80
surplus, ....
363 91
temporary expense,
60 85
insurance, .
35 00
on account November
meeting, .
2,632 49
Cash on hand Oct. 31, 1898, .
4,504 00
$136,514 10
$136,514 10
No. 8.] SAVINGS BANK COMMISSIONERS.
271
Total Amount of Loans at Specified Rates of Interest.
Loans on Real Estate.
Loans on Shakes.
Amount.
Rate.
Amount.
Rate.
Amount.
Rate.
$163,925 00
6.30 percent.
$3,200 00
6.90
per cent.
$5,477 00
6.30 percent.
10,550 00
6.60 "
Reconciliation of i
Share Account with Dues and Profits Capital.
Date of
09
u
o •
V OS
a
— • ©
3
Issue.
'2
O
GG
>
«3
H
Oct., 1888, .
4
$191 18
3
$573 54
Dues capital, as per gen-
April, 1889, .
5
179 35
87
15,603 45
eral ledger,
$163,072 00
Oct., 1889, .
6
167 93
90
15,113 70
Profits capital, as per
April, 1890, .
7
156 86
12
1,882 32
general ledger, .
35,140 21
Oct., 1890, .
8
146 15
14
2,046 10
Unpaid dues,
1,569 00
April, 1891, .
9
135 69
126
17,096 94
Oct., 1891, .
10
125 55
92
11,550 60
April, 1892, .
11
115 71
130
15,042 30
Oct., 1892, .
12
106 18
103
10,936 54
April, 1893, .
13
96 97
159
15,418 23
Oct., 1893, .
14
87 96
93
8,180 28
April, 1894, .
15
79 45
243
19,306 35
Oct., 1894, .
16
71 12
134
9,530 08
April, 1895, .
17
63 07
221
13,938 47
Oct., 1895, .
18
55.28
35
1,934 80
April, 1896, .
19
47 73
47
2,243 31
Oct., 1896, .
20
40 43
248
10,026 64
April, 1897, .
21
33 36
197
6,571 92
Oct., 1897, .
22
26 50
195
5,167 50
April, 1898, .
23
19 85
322
6,391 70
Oct., 1898, .
24
13 38
708
9,473 04
April, 1899, .
25
7 10
194
1,377 40
Oct., 1899, .
26
1 00
15
15 00
361 00
Dues paid in advance, .
■
Total,
•
•
$199,781 21
Total,
•
•
$199,781 21
Number of shares issued during the year,
Number of shares now in force,
Number of shares now borrowed upon, .
Largest number of shares held by any one member,
Number of shares withdrawn during the year,
Number of shares forfeited during the year, .
Number of shares retired during the year,
Number of shares matured during the year, .
Highest rate of premium or interest received on money sold during
5 per cent.
Lowest rate of premium or interest received on money sold during
5 per cent.
Rate of profits distributed : 1st term, 3 per cent. ; 2d term, 3 per
Number of members withdrawn during the year, ....
Present number of members,
Present number of borrowers,
Present number of non-borrowers,
Number of loans secured by first mortgage of real estate,
Number of loans on shares,
Largest loan to any one member,
Smallest loan to any one member,
Amount of expenses of the corporation for the year ending Oct. 31
Date of examination by commissioner : February 20.
. 521
3,468
1,072
25
400
87
360
10
the year :
the year :
cent.
40
548
152
396
155
21
, 1899,
$4,200 00
50 00
1,089 45
272
REPORT OF THE
[Pub. Doc.
WOLLASTON CO-OPERATIVE BANK — QUINCY
(WOLL ASTON).
Incorporated April 8, 1889. Commenced business April 16, 1889.
Smith B. Harrington, President. Herbert W. Pinkham, Secretary and
Treasurer.
Names of security committee :
Quincy A. Fatjnce, George E. Thomas,
Herbert T. Whitman.
Regular meetings the third Tuesday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
Loans on shares, .
Real estate by foreclosure,
Unpaid interest,
Unpaid premiums,
Unpaid fines, .
Cash in hands of treasurer,
$188,925 00
14,405 00
5,320 47
431 33
19 45
120 06
6,882 48
Dues capital,
Profits capital (all series) , .
Transfer fees,
Withdrawal profits,
Guaranty fund, .
Surplus, ....
Retired share account, .
$180,023 00
33,764 84
75
219 05
1,275 00
798 71
22 44
$216,103 79
$216,103 79
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Receipts.
Disbursements.
From dues capital,
$55,505 00
For real estate loans, .
$65,850 00
interest,
11,827 79
share loans, .
12,085 00
premiums, .
757 75
dues capital withdrawn,
20,427 00
fines, ....
484 21
dues capital forfeited, .
837 00
transfer fees,
5 50
dues capital retired.
19,229 00
real estate loans repaid,
36,625 00
profits capital withdrawn,
2,829 24
real estate loans elimi-
profits capital forfeited, .
80 20
nated by foreclosure,
8,500 00
profits capital retired, .
6,179 31
share loans repaid,
11,620 00
temporary expenses,
1,523 36
withdrawal profits,
706 39
interest on retired shares,
275 67
forfeiture profits, .
19 97
real estate by foreclosure,
8,167 99
retired share account, .
22 44
expense on real estate, .
219 74
rents, ....
159 35
Cash on hand Oct. 31, 1899, .
6,882 48
real estate by foreclos-
ure, ....
9,846 51
Cash on hand Oct. 31, 1898, .
8,506 08
$144,585 99
$144,585 99
No. 8.] SAVINGS BANK COMMISSIONERS.
273
Total Amount of Loans at Specified Bates of Interest.
Loans on Real Estate.
Loans on Shares.
Amount.
Kate.
Amount.
Rate.
Amount.
Rate.
$161,825 00
24,350 00
1,800 00
6.30 per cent.
6.60 "
6.90 "
$600 00
350 00
7.50 per cent.
7.80 "
$12,130 00
975 00
800 00
350 00
150 00
6.30 per cent.
6.60 "
6.90 "
7.20 "
7.80 "
Reconciliation of Share Account with Dues and Profits Capital.
Date op
00
u
It
V 03
a .
« 2
3
Issue.
"C
2&
■3«
C3t>
O
CO
>
m
Ei
April, 1889, .
1
$179 94
54
$9,716 76
Dues capital, as per gen-
Oct., 1889, .
2
168 46
56
9,433 76
eral ledger,
$180,023 00
April, 1890, .
3
157 33
48
7,551 84
Profits capital, as per
Oct., 1890, .
4
146 52
48
7,032 96
general ledger, .
33,764 84
April, 1891, .
5
136 06
75
10,204 50
Unpaid dues,
1,971 00
Oct., 1891, .
6
125 92
51
6,421 92
April, 1892, .
7
116 11
76
8,824 36
Oct., 1892, .
8
106 61
129
13,752 69
April, 1893, .
9
97 42
103
10,034 26
Oct., 1893, .
10
88 48
56
4,954 88
April, 1894, .
11
79.86
226
18,048 36
Oct., 1894, .
12
71 51
180
12,871 80
April, 1895, .
13
63 44
238
15,098 72
Oct., 1895, .
14
55 60
187
10,397 20
April, 1896, .
15
48 01
307
14,739 07
Oct., 1896, .
16
40 65
274
11,138 10
April, 1897, .
17
33 52
471
15,787 92
Oct., 1897, .
18
26 61
339
9,020 79
April, 1898, .
19
19 91
483
9,616 53
Oct., 1898, .
20
13 41
431
5,779 71
April, 1899, .
21
7 11
661
4,699 71
Oct., 1899, .
22
1 00
538
538 00
95 00
Total, .
Dues paid in
adva
nee, .
• •
Total,
$215,758 84
$215,758 84
Number of shares issued during the year, 1,408
Number of shares now in force, . 5,031
Number of shares now borrowed upon, 1,371
Largest number of shares held by any one member 25
Number of shares withdrawn during the year, 719
Number of shares forfeited during the year, 44
Number of shares retired during the year, 186
Highest rate of premium or interest received on money sold during the year :
5 cents premium.
Lowest rate of premium or interest received on money sold during the year :
5 cents premium.
Rate of profits distributed : 1st term, 3| per cent.; 2d term, 3a per
Number of members withdrawn during the year, ....
Present number of members,
Present number of borrowers,
Present number of non-borrowers,
Number of loans secured by first mortgage of real estate,
Number of loans on shares,
Largest loan to any one member,
Smallest loan to any one member,
Amount of expenses of the corporationftfor the year ending Oct. 31
Date of examination by commissioner : January 13.
cent.
104
560
148
412
127
80
, 1899,
$5,000 00
20 00
1,563 36
274:
KEPOKT OF THE
[Pub. Doc.
WORCESTER CO-OPERATIVE BANK- WORCESTER.
Incorporated Oct. 19, 1877. Commenced business Oct. 19, 1877.
Stephen C. Earle, President. T. J. Hastings, Secretary and Treasurer.
Names of security committee :
Henry Brannon, H. H. Bigelow,
M. S. Be am an.
Regular meetings the third Monday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Loans on real estate,
Loans on shares, .
Temporary expense account,
Real estate by foreclosure, .
Unpaid interest,
Cash in hands of treasurer, .
$393,065 00
11,640 00
286 95
7,859 54
199 32
8,011 36
$421,062 17
Liabilities.
Dues capital,
Profits capital (all series),
Fines
Guaranty fund, .
Surplus,
Forfeited share account,
$345,719 00
66,158 95
92 89
4,340 00
4,476 87
274 46
$421,062 17
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Receipts.
Disbursements.
From dues capital,
. $105,819 00
For real estate loans, .
$96,950 00
interest,
27,347 95
share loans, .
8,665 00
fines,
805 03
dues capital withdrawn,
42,829 00
transfer fees,
14 25
dues capital forfeited, .
336 00
real estate loans repaid
, 134,025 00
dues capital retired,
66,101 00
real estate loans elimi
dues capital matured, .
30,665 00
nated by foreclosure
, 1,400 00
profits capital withdrawn,
5,795 20
real estate loans elimi
profits capital forfeited, .
27 41
nated by maturity oJ
I
profits capital retired, .
13,853 72
shares,
7,550 00
profits capital matured,
13.482 01
share loans repaid,
7,520 00
temporary expenses,
2,078 18
withdrawal profits,
652 63
forfeited shares,
252 94
forfeiture profits, .
5 51
interest on retired shares,
910 63
forfeited shares, .
197 08
profit and loss account,
843 82
expense account, .
74 25
real estate by foreclosure,
1,296 62
rent,
384 40
Cash on hand Oct. 31, 1899,
8,011 36
real estate by foreclos-
ure, .
4,466 30
Cash on hand Oct. 31, 1898,
1,836 49
$292,097 89
$292,097 89
No. 8.] SAVINGS BANK COMMISSIONERS.
275
Total Amount of Loans at Specified Rates of Interest.
Loans on Real Estate.
Loans on Shares.
Amount.
Rate.
Amount.
Rate.
Amount.
Rate.
$281,565 00
49,550 00
11,450 00
18,300 00
6,950 00
13,350 00
4,950 00
6 per cent.
6& «
6£ "
6| "
6£ "
6ft "
6| "
$5,200 00
400 00
1,000 00
150 00
100 00
100 00
7 per cent.
n "
n "
n "
10 "
10£ «
$10,320 00
160 00
85 00
450 00
350 00
150 00
125 00
6 per cent.
6£ «
6| «
6f "
6i "
7
n ««
Reconciliation of Share Account with Dues and Profits Capital.
Date of
Issue.
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct,
April,
Oct.,
April,
Oct.,
April,
Oct ,
April,
Oct.,
1888, .
1889, .
1889, .
1890, .
1890, .
1891, .
1891, .
1892, .
1892, .
1893, .
1893, .
1894, .
1894, .
1895, .
1895, .
1896, .
1896, .
1897, .
1897, .
1898, .
1898, .
1899, .
1899, .
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
"3 so
00 O
$188 05
176 48
165 34
154 58
144 16
134 04
124 23
114 69
105 44
96 45
87 72
79 24
71 01
63 05
55 31
47 78
40 49
33 40
26 53
19 86
13 39
7 10
1 00
Dues paid in advance, .
Total, .
96
110
95
114
94
173
206
149
76
64
112
446
484
544
345
409
578
677
698
731
837
938
857
$18,052
19,412
15,707
17,622
13,551
23,188
25,591
17,088
8,013
6,172
9,824
35,341
34,368
34,299
19,081
19,542
23,403
22,611
18,517
14,517
11,207
6,659
857
80
80
30
12
04
92
38
81
44
80
64
04
84
20
95
02
22
80
94
66
43
80
00
349 00
$414,982 95
Dues capital, as per gen-
eral ledger,
Profits capital, as per
general ledger, .
Unpaid dues,
Total,
$345,719 00
66,158 95
3,105 00
$414,982 95
Number of shares issued during the year, 1,979
Number of shares now in force, 8,833
Number of shares now borrowed upon, 2,356
Largest number of shares held by any one member, .... 25
Number of shares withdrawn during the year, .... 1,256
Number of shares forfeited during the year, . . . . . .19
Number of shares retired during the year, 861
Number of shares matured during the year, 221
Highest rate of premium or interest received on money sold during the year :
6| per cent.
Lowest rate of premium or interest received on money sold during the year :
6 per cent.
Rate of profits distributed : 1st term, 3 per cent. ; 2d term, 3£ per cent.
276 REPORT OF THE [Pub. Doc.
Number of members withdrawn during the year, 198
Present number of members, 1,067
Present number of borrowers 212
Present number of non-borrowers, 855
Number of loans secured by first mortgage of real estate, . . . 247
Number of loans on shares, 62
Largest loan to any one member, $5,000 00
Smallest loan to any one member, 50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, . 2,003 93
Date of examination by commissioner : May 5.
No. 8.] SAYINGS BANK COMMISSIONERS.
277
WORKINGMEN'S CO-OPERATIVE BANK — BOSTON.
Incorporated June 9, 1880. Commenced business June 11, 18S0.
Robert Treat Paine, President. Frank E. B urbane, Secretary.
Francis B. Sears, Treasurer.
Names of security committee :
James L. Pope, James D. McLellan,
"William H. Tarbox.
Regular meetings the second Friday of each month.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
$799,925 00
Dues capital,
$764,161 00
Loans on shares, .
41,400 00
Profits capital (all series), .
136,798 48
Temporary expense account,
913 45
Interest, ....
3,S74 36
Real estate by foreclosure, .
19,761 16
Fines
112 47
Mortgages, ....
9,473 44
Withdrawal profits,
S43 84
Personal accounts, .
13,549 44
Guaranty fund, .
6,207 00
Rent account,
35 65
Surplus, ....
5,669 47
Office furniture,
340 32
Forfeited share account,
314 94
Cash in hands of secretary, .
6,177 65
Security committee,
205 S3
Cash in hands of treasurer, .
30,662 09 .
Retired share account, .
2,S11 62
1
Matured share account,
962 48
Personal accounts,
276 71
$922,238 20
8922,238 20
278
REPORT OF THE
[Pub. Doc.
Detailed Statement of Receipts and Disbursements for the Year ending
Oct. 31, 1899.
Receipts.
Disbursements.
From dues capital,
$209,355 00
For real estate loans, .
$174,575 00
interest,
47,546 42
share loans, .
36,950 00
fines,
2,218 27
dues capital withdrawn,
79,143 00
real estate loans repaid
130,200 00
dues capital forfeited, .
2,378 00
real estate loans elimi-
dues capital retired,
56,073 00
nated by foreclosure
19,050 00
dues capital matured, .
33,527 00
real estate loans elimi-
profits capital withdrawn,
12,864 20
nated by maturity ol
f
profits capital forfeited, .
269 29
shares,
10,100 00
profits capital retired, .
13,863 03
share loans repaid,
23,400 00
profits capital matured,
15,507 80
withdrawal profits,
3,260 13
temporary expenses,
4,509 59
profits capital,
2 19
matured share account,
37,650 87
forfeited shares, .
134 36
forfeited shares, .
14 36
retired share account,
70,091 11
interest, ....
294 58
rents, .
1,041 25
fines, ....
10 67
matured 6hare account
38,613 35
real estate bv foreclosure,
15,896 16
personal accounts,
8,111 39
mortgages,
20,784 29
mortgages, .
21,896 48
retired share account, .
67,501 27
security committee,
319 50
personal accounts,
7,799 09
pass book examination
337 34
security committee,
676 66
real estate by foreclos-
withdrawal profits,
40
ure, .
22,279 92
surplus, ....
2,966 73
claim settled,
460 30
rent, ....
379 94
Cash on hand Oct. 31, 1898,
12,146 65
office furniture,
88 99
Cash on hand Oct. 31, 1899,
36,839 74
$620,563 66
$620,563 66
Total Amount of Loans at Specified Rates of Interest.
Loans on Real Estate.
Loans on Shares.
Amount.
Rate.
Amount.
Rate.
Amount.
Rate.
$492,275 00
5.00 per cent.
$22,350 00
6.30 per cent.
$31,800 00
5.00 per cent.
62,850 00
5.25 "
18,250 00
6.60 "
2,400 00
5.25 "
74.000 00
5.50 "
6,000 00
6.90 "
1,400 00
5.50 "
6,050 00
5.75 "
1,000 00
7.00 "
1,600 00
5.75 "
96,250 00
6.00 "
900 00
7.20 "
2,950 00
6.00 "
19,100 00
6.25 "
900 00
7.25 "
150 00
300 00
450 00
200 00
150 00
6.25 "
6.50 "
6.30 "
7.00 "
8.00 "
No. 8.] SAYINGS BANK COMMISSIONERS.
279
Reconciliation of Share Account with Dues and Profits Capital,
Date op
u
<o *
c .
"" <r>
11 u,
03
3
^"3
Issue.
a °
oj>.
O
OQ
>
02
H
June, 1888, .
17
$197 08
138
$27,197 04
Dues capital, as per gen-
Dec, 1888, .
18
184 93
185
34,212 05
eral ledger,
$764,161 00
June, 1889, .
19
173 19
120
20,782 80
Profits capital, as per
Dec, 1889, .
20
161 87
125
20,233 75
general ledger, .
136,798 48
June, 1890, .
21
150 94
134
20,225 96
Unpaid dues,
5,863 00
Dec, 1890, .
22
140 37
162
22,739 94
June, 1891, .
23
130 13
311
40,470 43
Dec, 1891, .
24
120 25
306
36,796 50
June, 1892, .
25
110 71
304
33,655 84
Sept., 1892, .
26
106 07
220
23,335 40
Dec, 1892, .
27
101 50
310
31,465 00
Mar., 1893, .
28
96 99
418
40,541 82
June, 1893, .
29
92 57
346
32,029 22
Sept., 1893, .
30
88 21
174
15,348 54
Dec, 1893, .
31
83 94
187
15,696 78
Mar., 1894, .
32
79 76
480
38,284 80
June, 1894, .
33
75 62
537
40,607 94
Sept., 1894, .
34
71 56
326
23,328 56
Dec, 1894, .
35
67 55
556
37,557 80
Mar., 1895, .
36
63 61
617
39,247 37
June, 1895, .
37
59 72
454
27,112 88
Sept , 1895, .
38
55 89
620
34,651 80
Dec, 1895, .
39
52 14
429
22,368 06
Mar., 1896, .
40
48 43
602
29,154 86
June, 1896, .
41
44 79
542
24,276 18
Sept., 1896, .
42
41 18
572
23,554 96
Dec, 1896, .
43
37 65
514
19,352 10
Mar., 1897, .
44
34 15
929
31,725 35
June, 1897, .
45
30 73
470
14,443 10
Sept., 1897, .
46
27 35
441
12,061 35
Dec, 1897, .
47
24 04
613
14,736 52
Mar., 1898, .
48
20 77
336
6,978 72
June, 1898, .
49
17 54
691
12,120 14
Sept , 1898, .
50
14 35
860
12,341 00
-
Dec, 1898, .
51
11 20
880
9,856 00
Mar., 1899, .
52
8 09
952
7,701 68
June, 1899, .
53
5 02
1,012
5,080 24
Sept., 1899, .
54
2 00
1,197
2,394 00
3,156 00
Total, .
Dues paid in
adva
nee, .
•
Total,
$906,822 48
$906,822 48
Number of shares issued during the year, 4,577
Number of shares now in force, 18,070
Number of shares now borrowed upon, 5,181
Largest number of shares held by any one member, .... 25
Number of shares withdrawn during the year, .... 2,440
Number of shares forfeited during the year, 187
Number of shares retired during the year, 656
Number of shares matured during the year, 244
Highest rate of premium or interest received on money sold during the year :
6 per cent.
Lowest rate of premium or interest received on money sold during the year :
5 per cent.
Rate of profirs distributed: 1st term, 1 5-16 per cent.; 2d term, 1 5-16 per
cent. ; 3d term, 1 5-16 per cent. ; 4th term, 1| per cent.
280 REPORT OF THE [Pub. Doc.
Number of members withdrawn during the year, 284
Present number of members, . 2,046
Present number of borrowers, 478
Present number of non-borrowers, 1,568
Number of loans secured by first mortgage of real estate, . . . 436
Number of loans on shares, 144
Largest loan to any one member, $5,000 00
Smallest loan to any one member, 50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1899, . 4,509 59
Date of examination by commissioner : February 24.
No. 8.] SAVINGS BANK COMMISSIONERS.
281
CONSOLIDATED BALANCE SHEET,
Oct. 31, 1899.
Assets.
Liabilities.
Loans on real estate,
$23,270,571 29
Dues capita],
$22,034,824 86
Loans on shares, .
1,109,349 42
Profits capital (all
series),
4,057,313 08
Permanent expense account,
10,436 71
Interest,
153,657 04
Temporary expense account,
14,212 96
-
Premiums, .
5,245 81
Real estate by foreclosure, .
890,604 57
Fines, ....
5,412 32
Unpaid dues, ....
25,874 00
Transfer fees,
51 25
Unpaid interest, . .
130,952 77
Withdrawal profits,
7,284 09
Unpaid premiums,
4,851 80
Forfeiture profits,
774 66
Unpaid fines, ....
10,882 61
Surplus,
241,170 50
Notes and bonds of cities and
towns,
91,319 31
Guaranty fund, .
183,131 22
Loans on public funds, .
22,500 00
Forfeited share account,
13,608 44
Mortgages
124,970 27
Advance payments,
6,849 03
Sundry assets,
13,659 63
Matured share account,
17,570 78
Cash,
1,024,461 96
Retired share account,
6,327 58
Due on mortgage loans,
4,166 70
Sundry liabilities,
7,259 94
$26,744,647 30
$26,744,647 30
Number of shares issued during the year,
Number of shares now in force, ....
Number of shares now borrowed upon, .
Number of shares withdrawn during the year,
Number of shares forfeited during the year, .
Number of shares retired during the year,
Number of shares matured during the year, .
Number of members withdrawn during the year, .
Present number of members, . . . . .
Present number of borrowers, ....
Present number of non-borrowers, ....
Number of loans secured by first mortgage of real estate
Number of loans on shares,
Expenses for the year ending Oct. 31, 1899, .
Amount of profits credited to shares during the year,
131,040
530,589
153,276
86,481
2,772
22,103
4,569
11,299
68,349
19,052
49,297
17,063
5,314
. $128,199 00
. 1,366,838 40
282
EEPORT — SAVINGS BANKS. [P. D. No. 8,
Total Amount of Loans at Specified Bates of Interest.
Bate.
Real Estate Loans.
Share Loans.
Rate.
Real Estate Loans.
Share Loans.
5
$5,363,925 40
$355,564 00
6.90
$331,630 00
$3,890 00
5 1-16
2,200 00
-
6.96
2,650 00
50 00
5.10
4,300 00
450 00
7
14,650 00
5,090 00
5 1-8
11,050 00
-
7.02
1,200 00
80 00
5 1-4
434,889 42
27,465 00
7.08
2,900 00
70 00
5.30
64,650 00
5,725 00
7 1-8
3,850 00
325 00
5 1-2
1,092,481 88
43,672 00
7.14
1,600 00
-
5.60
10,500 00
-
7.20
117.320 00
3,015 00
5 5-8
700 00
50 00
7 1-4
1,550 00
350 00
5.70
65,000 00
-
7.26
150 00
20 00
5 3-4
93,065 00
5,806 00
7.32
800 00
-
6
5,339,295 64
283,309 42
7 3-8
1,400 00
-
6 06
225,363 71
7,085 00
744
200 00
-
6 1-16
200 00
-
7 1-2
92,954 64
6,405 00
6.10
14,650 00
300 00
7.56
250 00
-
6.12
306,925 66
6,230 00
7 5-8
450 00
-
6 1-8
146,005 00
2,730 00
7 3-4
1,050 00
130 00
6.18
13,775 00
30 00
7.80
14,640 00
470 00
6.20
8,900 00
-
7 7-8
150 00
-
6.24
26,975 00
120 00
7.92
900 00
-
6 1-4
144,136 35
14,070 00
8
500 00
230 00
6.30
7,577,586 34
269,490 00
8.04
100 00
-
6.36
26,000 00
170 00
8.10
14,300 00
100 00
6 3-8
45,450 00
710 00
8.16
700 00
-
6.40
5,700 00
600 00
8 1-4
200 00
-
6.42
5,100 00
-
8.40
850 00
70 00
6.48
39,200 00
14,228 00
8.50
100 00
-
6.50
148,731 00
3,015 00
8.60
-
25 00
6.54
7,600 00
60 00
8.70
1,350 00
180 00
6.60
1,367,863 00
47,100 00
8 7-8
50 00
-
6 5-8
25,900 00
-
9
200 00
-
6.66
4,950 00
90 00
9.30
600 00
50 00
6.70
'200 00
85 00
9.60
150 00
-
6.72
10,083 25
160 00
10
100 00
-
6 3-4
14,725 00
450 00
10 1-8
100 00
-
6.78
2,300 00
-
10.68
100 00
-
6 80
6.84
6 7-8
2,300 00
7,700 00
500 00
35 00
$23,270,571 29
$1,109,349 42
STATEMENTS
OF
Collateral Loan and Mortgage Loan
AND
Investment Companies.
284
REPORT OF THE
[Pub. Doc.
COLLATERAL LOAN COMPANY — BOSTON.
Incorporated April 5, 1859.
Francis D. Cobb, President. Luther S. Moore, Cashier.
Directors
Francis D. Cobb,
John P. Lyman,
Lawrence Tucker,
John 0. Shaw, Jr.,
Luther S. Moore.
S. Stillman Blanchard, Director for State.
Robert F. Clark, Director for the City of Boston.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans outstanding,
Cash on hand,
Expense, ....
General interest,
State tax, ....
Rent, . . . . .
City of Boston, Mass., bonds,*
Massachusetts bonds,* .
Boston & Maine R.R. bonds *
$437,831 50
7,057 20
15,856 64
2,411 06
4,418 40
5,261 65
13,000 00
21,000 00
4,000 00
$510,836 45
Capital stock,
Reserve fund,
Notes payable,
Auction reserve, .
Interest, . . .
Profit and loss, . .
Insurance fund, .
$200,000 00
110,000 00
75,500 00
3,682 43
57,359 49
11,627 03
52,667 50
$510,836 45
* Investment of insurance fund.
Date of examination: December 29
No. 8.] SAVINGS BANK COMMISSIONERS.
285
WOECESTEE COLLATEEAL LOAN ASSOCIATION —
WOECESTEE,
Incorporated April 17, 1896.
Henry L. Parker, President. Charles E. Burnham, Treasurer.
Directors :
Lyman A. Ely, A. L. D. Buxton,
Henry L. Parker, George T. Dewey,
Charles E. Burnham.
John T. Brierly, Director for State.
Daniel Parlin, Director for the City of Worcester.
Balance Sheet Oct. 31, 1899.
Assets.
Cash on hand, .
Notes receivable, .
Capital in pledge department,
Office furniture,
$3,275 56
43,909 01
1,200 00
541 74
$48,926 31
Liabilities.
Capital stock,
Risk fund, .
Guaranty fund, .
Fire risk fund,
Undivided profits,
$45,000 00
545 76
2,000 00
283 00
1,097 55
$48,926 31
Pledge Department.
Assets.
Liabilities.
Expenses, ....
$211 21
867 90
129 80
Capital advanced,
Interest, ....
$1,200 00
8 91
$1,208 91
$1,208 91
Date of examination : December 22.
286
REPORT OF THE
[Pub. Doc.
WOEKINQMEN'S LOAN ASSOCIATION — BOSTON.
Incorporated March 8, 1888.
Robert Treat Paine, President.
Robert Treat Paine, 2d, Treasurer.
FRANcrs B. Sears, Vice-President.
Arthur Lyman, Clerk.
Edmund Billings,
Herbert Lyman,
Henry B. Cabot,
John H. Storer,
Arthur S. Johnson,
Joseph Lee,
Directors :
Arthur Lyman,
John F. Moors,
Charles L. Young,
Robert Treat Paine,
Robert Treat Paine, Jr.,
Robert Treat Paine, 2d,
Francis B. Sears.
Samuel Carr, Director for State.
Charles C. Jackson, Director for the City of Boston.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Cash on hand,
Expenses, ....
$178,147 94
5,464 90
876 10
Capital stock,
Notes payable,
Profit and loss,
Unclaimed balance,
State tax,
Interest,
Undivided profits,
Risk fund, .
Guaranty fund, .
$125,000 00
28,000 00
217 44
182 77
900 00
1,827 78
4,122 92
1,125 00
23,113 03
$184,488 94
$181,488 94
Date of examination : December 26.
No. 8.] SAVINGS BANK COMMISSIONERS.
287
NATIONAL MOKTGAGE AND DEBENTURE COMPANY
BOSTO
W. X. Fuller, President.
Charles A. Rogers, Treasurer.
Balance Sheet Oct. 31, 1899.
Assets.
Liabilities.
Loans secured by first liens on
Capital stock paid in, .
$258,900 00
real estate, ....
$39,403 44
Guaranty fund, .
3,300 00
Securities pledged for debent-
Suspense account,
356 80
ure bonds, ....
559,329 40
Debenture bonds, outstand-
Matured interest due on same,
21,243 39
ing
496,988 00
Commission notes secured by
Coupons on same not pre-
second liens on real estate, .
29,730 17
sented, ....
416 85
Sixty shares capital stock of
Certificates of deposit bear-
National Mortgage and De-
ing interest (money bor-
benture Company , taken in
rowed), ....
500 00
settlement of claims, .
1,500 00
Bills payable,
44,990 45
Real estate acquired by fore-
Due sundry persons, .
3,444 19
closure, ....
60,239 64
Other real estate, .
1,609 32
Furniture, fixtures and sup-
plies,
3,883 49
Past due interest remitted for
but not paid to us,
28,011 50
Bills receivable,
554 31
Due from sundry persons,
501 79
Profit and loss account, .
62,889 84
$808,896 29
$808,896 29
How much of its capital stock is owned by officers of the company ? $12,500.
How much, if any, of the capital stock owned by its officers is pledged to the company
as collateral ? None.
State the section of country in which loans are made, giving principal counties :
Colorado, — Arapahoe, Boulder, Carbon, Delta, Garfield, Grand, Grover, La Plata,
Laramie, Morgan, Rio Blanco, Weld, Yuma; Dakota, — Beadle, Brookings, Brown,
Clark, Codington, Davison, Edmunds, Hamblin, Lake, Lincoln, Marshall, McPherson,
Spink; Kansas, — Allen, Anderson, Barton, Bourbon, Butler, Chautauqua, Cherokee,
Clark, Clay, Coffee, Cowley, Crawford, Dickinson, Douglas, Edwards, Elk, Ells-
worth, Ellis, Ford, Garfield, Graham, Gray, Harvey, Harper, Hodgeman, Jackson,
Jefferson, Kingman, Kiowa, Lincoln, Lyon, Marion, Meade, Mitchell, Morris, Neosha,
Osborne, Ottawa, Pawnee, Pottawatomie, Pratt, Reno, Rice, Rooks, Rush, Russell,
Saline, Shawnee, Stafford, Wilson, Woodson; Florida, — Putnam; Michigan, —
Delta, Mackinaw, Schoolcraft ; Minnesota, — Murray, Pipestone ; Missouri, — Holt;
Nebraska, — Butler, Dodge, Hayes, Holt; Wyoming, — Laramie.
288 REPORT — SAVINGS BANKS. [P. D. No. 8.
Total amount of loans to date, approximating, ...... $3,500,00000
Number and amount of loans extended the past two years : Cannot
answer.
Total amount of loans unpaid and f Guaranteed : None.
outstanding, . . . .1 Unguaranteed : Cannot answer.
Total amount in process of foreclosure : Cannot answer.
Total amount of debentures certified, 501,988 00
Less amount on band and with agents, 5,000 00
Total liability for debenture bonds, 496,988 00
APPENDIX.
STATUTES
(fommotuwatilt of Jttassacftusdta
RELATING TO
CO-OPERATIVE BANKS.
STATUTES
RELATING TO
Co-operative Banks.
ORGANIZATION.
(P. S., Chapter 117, Sections 1, 2, 3, 4.)
[As amended by Acts of 1890, Chapter 243, and Acts of 1883, Chapter 98.]
Section 1. Twenty-five or more persons who associ- corporations
i . ..... n for accumula-
ate themselves together by an agreement in writing with tion of saving
° . ° . of members and
the intention of forming a corporation for the purpose of lending funds
° x L x to members.
accumulating the savings of its members paid into such
corporation in fixed periodical instalments and lending to
its members the funds so accumulated shall, by and with
the consent of the board of commissioners of savings
banks, become a corporation upon complying with the
provisions of the three following sections.
Sect. 2. The agreement shall set forth the fact that Agreement,
° # what to set
the subscribers thereto associated themselves with the forth-
intention of forming a corporation ; the name by which
the corporation shall be known ; the purpose for which it
is formed ; the town or city, which shall be within this
Commonwealth, in which it is located; and the limit of
capital to be accumulated.
Sect. 3. The name shall be one not previously in use Name.
by any existing corporation established under the laws of
this Commonwealth, and shall be changed only by act of
the General Court. The words "co-operative bank"
shall form a part of the name.
Sect. 4. The provisions of sections eighteen, twenty, corporation,
-■t-.,. how organized.
and twenty-one ot chapter one hundred and six shall
vi APPENDIX.
apply to such corporations, except that, in the certificate
signed by the secretary of the Commonwealth, the limit
of capital to be accumulated, as fixed in the agreement
of association, shall be inserted, instead of the amount of
the capital, that the certificate required by said section
twenty-one to be filed and recorded may be signed and
sworn to by the presiding and financial officers, and a
majority at least of the officers possessing the powers
of directors by whatever name they may be called, and
that the fees to be paid for filing and recording the cer-
tificates required by said section twenty-one, including
the issuing of the certificate of organization, shall be five
dollars.
CAPITAL.
(P. S., Chapter 117, Section 5.)
Limit of capital. Sect. 5. The capital to be accumulated shall not ex-
ceed one million dollars, and shall be divided into shares
of the ultimate value of two hundred dollars each. The
Plans of issuing shares may be issued in quarterly, half-yearly, or yearly
series, in such amounts and at such times as the members
may determine. No person shall hold more than twenty-
five shares in the capital of any one such corporation.
No shares of a prior series shall be issued after the issue
of a new series.
(Acts of 1887, Chapter 218, Section 1.)
Lainitaition of The limitation of capital to be accumulated in any co-
operative bank now organized or hereafter formed under
the provisions of chapter one hundred and seventeen of
the Public Statutes shall be held to apply to capital
actually paid in, and no such bank shall be restrained
from issuing shares so long as the capital actually paid in
on shares is not in excess of one million dollars.
OFFICERS.
(P. S., Chapter 117, Section 6.)
officaeT89to hold Sect. 6. The number, title, duties and compensation
of the officers of the corporation, their terms of office, the
office until suc-
cessors are
elected.
APPENDIX. vii
time of their election, as well as the qualifications of elec-
tors, and time of each periodical meeting of the officers and
members, shall be determined by the by-laws ; but no
member shall be entitled to more than one vote at any
election. All officers shall continue in office until their
successors are duly elected, and no corporation shall ex-
pire from neglect on its part to elect officers at the time
prescribed by the by-laws.
(Acts of 1885, Chapter 121, Section 1.)
In any co-operative bank now or hereafter formed under 0ne person
d L may be botn
the provisions of chapter one hundred and seventeen of treasirerand
the Public Statutes, the offices of secretary and treasurer
may be held by one and the same person.
MEETINGS.
(P. S., Chapter 117, Section 7.)
Sect. 7. The officers shall hold stated monthly meet- Monthly meet-
d ings. Duea-
ings. At or before each of these meetings every mem-
ber shall pay to the corporation, as a contribution to its
capital, one dollar as dues upon each share held by him
until the share reaches the ultimate value of two hundred
dollars, or is withdrawn, cancelled, or forfeited. Pay-
ment of dues on each series shall commence from its issue.
WITHDRAWALS.
(Acts of 1887, Chapter 216, Sections 2, 3.)
Sect. 2. A member may withdraw his unpledged withdrawal of
^ . shares.
shares at any time by giving thirty days' notice of his
intention so to do, written in a book held and provided
by the corporation for that purpose. Upon such with-
drawal the shareholder's account shall be settled as fol-
lows : — From the amount then standing to the credit
of the shares to be withdrawn there shall be deducted all
fines, a proportionate part of any unadjusted loss, to-
gether with such proportion of the profits previously
credited to the shares as the by-laws may provide, and
such shareholders shall be paid the balance : provided,
viii APPENDIX.
that at no time shall more than one-half of the funds in
the treasury be applicable to the demands of withdraw-
ing members without the consent of the directors.
reSeunJiSfJed The directors may, at their discretion, under rules made
snares. j^ them, retire the unpledged shares of any series at
any time after four years from the date of their issue,
by enforcing the withdrawal of the same ; but when-
ever there shall remain in any series, at the expiration
of five years after the date of its issue, an excess above
one huudred unpledged shares, then it shall be the duty
of the directors to retire annually twenty-five per centum
of such excess existing at said expiration of five years
after the date of its issue, so that not more than one hun-
dred unpledged shares shall remain in such series at the
expiration of nine years from the date of its issue, and
' thereafter the directors may in their discretion retire such
other unpledged shares as they consider the best interests
of the bank to require : provided, that whenever under the
provisions of this section the withdrawal of shares is to be
enforced the shares to be retired shall be determined by
lot, and the holders thereof shall be paid the full value of
their shares, less all fines and a proportionate part of any
unadjusted loss ; provided also, that shares pledged for
share loans shall be treated as unpledged shares.
SHARES IN NAME OF MINORS.
stares issued m Sect. 3. Shares mav be issued in the name of a
the name of a
minor. minor, and if so issued may, at the discretion of the
directors, be withdrawn, in manner as provided in section
two of this act [chap. 216, Acts of 1887], by such minor,
the parent or guardian of such minor, and in either case
payments made on such withdrawals of shares shall be
shares held in valid. When a share or shares are held by any one in
trust for another, the name and residence of the person
for whom such share or shares are held shall be disclosed ;
and the account shall be kept in the name of such holder
as trustee for such person ; and, if no other notice of the
existence and terms of such trust has been given in writ-
trust.
APPENDIX. ix
ing to the corporation, in the event of the death of the
trustee, such shares may be withdrawn by the person for
whom such deposit was made or by his legal representa-
tives.
MATURITY OF SHARES.
(P. S., Chapter 117, Section 9.)
[As amended by Acts of 1882, Chapter 251, Acts of 1887, Chapter 216, Section 5, and
Acts of 1898, Chapter 247, Section 3.]
Sect. 9. When each unpledged share of a given series shares, when
matured.
reaches the value of two hundred dollars all payments of
dues thereon shall cease, and the holder thereof shall be
paid out of the funds of the corporation two hundred dol-
lars : provided, that at no time shall more than one half
of the funds in the treasury be applicable to the payment
of such matured shares without the consent of the di-
rectors ; and provided, further, that when any series of
shares, either pledged or unpledged, reaches maturity
between the dates of adjustment of profits, or whenever
shares are retired between such dates, the holders of such
shares shall, in addition to the value thereof, be entitled
to interest* for all full months from the date of the pre-
ceding adjustment to the time of payment, at the rate at
which profits were distributed at said adjustment, and
that before paying matured shares all arrears and fines
shall be deducted.
HOW MONEYS MAY BE LENT OR INVESTED.
(P. S., Chapter 117, Section 10.)
[As amended by Acts of 1890, Chapter 78, and Acts of 1896, Chapter 277.]
Sect. 10. The monevs accumulated, after due allow- Moneys to be
~ -, ,, lent by monthly
ance for all necessary expenses and the cancellation of sales; how
** *■ invested, if
shares, shall at each stated monthly meeting be offered unsold.
to the members according to the premiums bid by them
for priority of right to a loan. Each member whose bid
is accepted shall be entitled upon giving proper security
to receive a loan of two hundred dollars for each un-
pledged share held by him, or such fractional part of two
hundred dollars as the by-la wsjnay allow. If any money
APPENDIX.
so offered for sale remains unsold the directors may in-
vest the same in any of the securities named in the second
clause of section twenty-one of chapter three hundred and
seventeen of the acts of the rear eighteen hundred and
ninety-four, or may loan the same upon first mortgages
of real estate situated in this Commonwealth, upon the
conditions imposed upon co-operative banks, or may loan
the same upon the shares of the bank in sums not exceed-
ing their value at the adjustment next preceding the time
of the loan, provided that the loans in either case shall be
at the highest rate at the next preceding monthly sale of
moneys, and further provided that in either case a note
shall be given as required by section thirteen of chapter
one hundred and seventeen of the Public Statutes.
Premiums.
PREMIUMS ON LOANS.
(P. S., Chapter 117, Section 11.)
Sect. 11. Premiums for loans shall consist of a per-
centage charged on the amount lent in addition to interest,
and shall be deemed to be a consideration paid by the
borrower for the present use and possession of the future
or ultimate value of his shares, and shall, together with
interest and fines, be received by the corporation as a
profit on the capital invested in the loan, and shall be
distributed to the various shares and series of said capital
as hereinafter provided.
Interest.
INTEREST ON LOANS.
(P. S., Chapter 117, Section 12.)
Sect. 12. A borrowing member, for each share bor-
rowed upon, shall, in addition to his dues and monthly
premium, pay monthly interest on his loan at the rate of
six per cent, per annum until his shares reach the ultimate
value of two hundred dollars each, or the loan has been
repaid ; and when said ultimate value is reached, said
shares and loan shall be declared cancelled and satisfied,
and the balance, if any, due upon the shares shall be paid
to the member.
APPENDIX. xi
(Acts of 1882, Chapter 251, Section 2.)
Any corporation organized under said chapter one hun- Bida for loans
dred and seventeen may provide in its by-laws that the of interest in-
\ . , . 8tead of
bid for loans at its stated monthly meeting shall, instead premium.
of a premium, be a rate of annual interest upon the sum
desired, payable in monthly instalments. Such bids shall
include the whole interest to be paid, and may be at any
rate not less than five per centum per annum.
LOANS.
(P. S., Chapter 117, Section 13.)
[As amended by Acts of 1894, Chapter 342.]
Sect. 13. For every loan made a note shall be given, security,
accompanied by a transfer and pledge of the shares of the
borrower, and secured by a mortgage of real estate sit-
uated in this Commonwealth, unencumbered by any mort-
gage or lien other than such as may be held by the bank
making the loan. The shares so pledged shall be held by
the corporation as collateral security for the performance
of the conditions of said note and mortgage. Said note
and mortgage shall recite the number of shares pledged
and the amount of money advanced thereon, and shall be
conditioned for the payment at the stated meetings of the
corporation of the monthly dues on said shares, and the
interest and premium upon the loan, together with all fines
on payments in arrears, until said shares reach the ulti-
mate value of two hundred dollars each, or said loan is
otherwise cancelled and discharged : provided, that the
shares without other security may in the discretion of the
directors be pledged as security for loans, to an amount
not exceeding their value as adjusted at the last adjust-
ment and valuation of shares before the time of the loan.
If the borrower neglects to offer security satisfactory to Neglect to offer
the directors within the time prescribed by the by-laws, security toyfor.
his right to the loan shall be forfeited, and he shall be loan, etc.
charged with one month's interest and one month's pre-
mium at the rate bid by him, together with all expenses,
xii APPENDIX.
if any, incurred ; and the money appropriated for such loan
may be re-loaned at the next or any subsequent meeting.
PAYMENT OF LOANS.
(P. S., Chapter 117, Section 14.)
Payment. Sect. 14. A borrower may repay a loan at any time,
upon application to the corporation, whereupon, on set-
tlement of his account, he shall be charged with the full
amount of the original loan, together with all monthlv
instalments of interest, premium, and fines in arrears, and
shall be given credit for the withdrawing value of his
shares pledged and transferred as security ; and the bal-
ance shall be received by the corporation in full satis-
faction and discharge of said loan : provided, that all
settlements made at periods intervening between stated
meetings of the directors shall be made as of the date of
the stated meetings next succeeding such settlement ; and
provided, that a borrower desiring to retain his shares and
membership may at his option repay his loan without
claiming credit for said shares, whereupon said shares
shall be re-transferred to him, and shall be free from any
claim by reason of said cancelled loan.
(Acts of 1887, Chapter 216, Section 4.)
Partial payment Partial payment of loans on real estate made by any
of loans on real ir J J J
estate. co-operative bank may be received in sums of fifty dollars
or any multiple thereof ; and for each two hundred dollars
so repaid one share of stock shall be released from pledge.
(Acts of 1894, Chapter 342, Section 2.)
Purchase of When a member of a co-operative bank purchases
money at lower -*■ -»-
affect' existing mon©y at a lower rate than that paid by him on an exist-
coeXIb. mg loan, secured by a mortgage, for the purpose by him
declared of reducing the premium or rate of interest upon
said loan, no new mortgage shall be required, but an
agreement in writing for the reduction of said premium or
rate of interest, signed by said borrowing member and the
secretary of the bank, with the written approval of the
APPENDIX. xiii
president, shall be valid, and shall in no respect impair or
affect the existing mortgage contract ; and thereafter said
borrowing member shall make the monthly payments on
said loan in accordance with the terms of said agreement,
and the sum of money previously so purchased by him
may be resold by the bank at the same meeting. The
borrower shall be required to give notice to the secretary
before the sale, if he intends to re-buy his money.
Nothing in this section shall be construed to exempt the
re-borrower from paying the interest and premium for the
current month on the loan made by him for the substitu-
tution of which the new loan is made.
FINES, FORFEITURE OF SHARES, ETC.
(P. S., Chapter 117, Sections 15, 16.)
[As amended by Acts of 1882, Chapter 251, Acts of 1885, Chapter 121, Section 4, and
Acts of 1896, Chapter 285.]
Sect. 15. Members who make default in the payment Fines, forfeiture
of shares.
of their monthly dues, interest and premiums, shall be
charged a fine not exceeding two per cent, a month on
each dollar in arrears. No fines shall be charged after the
expiration of six months from the first lapse in any such
payment, nor upon a fine in arrears. The shares of a
member who continues in arrears more than six months
shall, at the option of the directors, if the member fails
to pay the arrears within thirty days after notice, be de-
clared forfeited, and the withdrawing value of the shares
at the time of forfeiture shall be ascertained, and, after
deducting all fines and other legal charges, the balance
remaining shall be transferred to an account to be desig-
nated the " Forfeited Share Account," to the credit
of the defaulting member. Said member, if not a bor-
rower, shall be entitled, upon thirty days' notice, to re-
ceive the balance so transferred without interest from
the time of the transfer, in the order of his turn, out of
the funds appropriated to the payment of withdrawals.
All shares so forfeited or transferred shall cease to partici-
pate in any profits of the corporation accruing after the
XIV
APPENDIX.
Recovery of
loan.
last adjustment and valuation of shares before said
forfeiture.
Sect. 16. If a borrowing member is in arrears for
dues, interest, premium or fines for more than six months,
the directors may, at their discretion, declare the shares
forfeited, after one month's notice, if the arrears continue
unpaid. The account of such borrowing member shall
then be debited with the arrears of interest, premium
and fines to date of forfeiture, and the shares shall be
credited upon the loan at their withdrawing value. The
balance of the account may, and after six months shall, be
enforced against the security, and be recovered as secured
debts are recovered at law.
Books of ac-
count. Duties
of treasurer,
etc.
(Acts of 1895, Chapter 172, Section 1.)
No member of a co-operative bank whose shares are
withdrawn, forfeited or retired, shall be charged with fines
upon such shares in excess of the profits distributed thereto,
and if no profits shall have been distributed to such shares
no fines shall be charged thereon. Nothing herein con-
tained shall prevent a borrowing member being charged
with fines according to existing statutes upon interest and
premiums in arrears.
BOOKS AND ACCOUNTS.
(P. S., Chapter 117, Section 17.;
Sect. 17. The general accounts of every such corpo-
ration shall be kept by double entry. All moneys re-
ceived by the corporation from each member shall be
receipted for by persons designated by the directors, in a
pass-book provided by the corporation for the use of, and
to be held by, the member ; and said pass-book shall be
plainly marked with the name and residence of the holder
thereof, the number of shares held by him, and the num-
ber or designation of the series or issue to which said
shares respectively belong, and the date of the issue of
such series. All moneys so received shall be originally
entered by the proper officer in a book to be called the
APPENDIX. x^
" cash-book," to be provided by the corporation for the
purpose, and the entries therein shall be so made as to
show the name of the payer, the number of shares, the
number or designation of the series or issues of the
particular share or shares so entered, together with
the amount of dues, interest, premiums and fines paid
thereon, as the case may be. Each payment shall be
classified and entered into a column devoted to its kind.
Said cash-book shall be closed after the termination of
each stated meeting, and shall be an exhibit of the re-
ceipts of all moneys paid at said meeting. All payments
made by the corporation for any purpose whatsoever shall
be by order, check or draft upon the treasurer, signed by
the president and secretary, and endorsed by the persons
in whose favor the same are drawn. The name of the
payee, the amount paid, and the purpose, object or thing
for which the payment is made, together with its date,
shall be entered on the margin of said order, check or
draft. The treasurer shall dispose of and secure the safe
keeping of all moneys, securities, and property of the
corporation, in the manner designated by the by-laws,
and the treasurer and secretary shall give such security
for the faithful performance of their respective duties as
the by-laws may direct.
PEOFITS AND LOSSES.
(P. S., Chapter 117, Section 18.)
Sect. 18. The profits and losses may be distributed Distribution oi
. profits and
annually, semi-annually or quarterly to the shares then losses.
existing, but shall be distributed at least once m each
year, and whenever a new series of shares is to be issued.
Profits and losses shall be distributed to the various shares
existing at the times of such distribution, in proportion
to their value at that time, and shall be computed upon
the basis of a single share fully paid to the date of distri-
bution. Losses shall be apportioned immediately after
their occurrence.
XVI
APPENDIX.
Guaranty fund
to be reserved
from profits.
GUARANTY FUND.
(Acts of 1885, Chapter 121, Section 2.)
At each periodical distribution of profits the directors
shall reserve as a guaranty fund a sum not less than one
nor more than five per cent, of the net profits accruing
since the next preceding adjustment, until such fund
amounts to five per cent, of the dues capital, which fund
shall thereafter be maintained and held ; and said fund
shall be at all times available to meet losses in the business
of the corporation from depreciation of its securities or
otherwise.
Corporation
may buy and
eeli real estate.
REAL ESTATE: HOW ACQUIRED.
(P. S., Chapter 117, Section 19.)
[As amended by Acts of 1898, Chapter 247, Section 2.]
Sect. 19. Any such corporation may purchase at any
sale, public or private, any real estate upon which it may
have a mortgage, judgment, lien or other incumbrance,
or in which it may have an interest, and may sell, convey
or lease the real estate so purchased, and, on the sale
thereof, may take a mortgage in common form thereon
to secure the payment of the whole or part of the purchase
money. All real estate so acquired shall be sold within
five years from the acquisition of the title thereto : pro-
vided, however, that the board of commissioners of savings
banks, may, upon the petition of the security committee
of any such corporation and for good cause shown, grant
an additional time for the sale of the same.
Powers of sav-
ings bank
commissioners.
The commissioners of savings banks shall
SUPERVISION.
(P. S., Chapter 117, Section 20.)
Sect. 20.
perform, in reference to every such corporation, the same
duties, and shall have the same powers, as are required of
or given to them in reference to savings banks, and shall
annually make report to the general court of such facts
APPENDIX. xvii
and statements respecting such associations, and in such
forms as they deem that the public interest requires.
Every officer of such corporation shall answer truly all
inquiries made, and shall make all returns required by the
commissioners.
ANNUAL RETURNS.
(Acts of 1889, Chapter 159, Section 2.)
[As amended by Acts of 1895, Chapter 171.]
Every co-operative bank shall annually within thirty Annual returns.
. , Penalty.
days after the last business day of October make a return
to the commissioners of savings banks in such form as
may be prescribed by them, showing accurately the condi-
tion thereof at close of business on said day, which return
shall be signed and sworn to by the secretary and treas-
urer of such corporation. The president and five or more
of the directors shall certify and make oath that the report
is correct according to their best knowledge and belief.
Such returns shall include all sums received and all sums
disbursed up to the close of business on said day, except
that sums received for dues, interest, premiums and fines
on account of the next monthly meeting may be omitted.
When a report is defective or appears to be erroneous,
the board shall notify the bank to amend the same within
fifteen days. Every co-operative bank neglecting to
make the return required by this act on or before the
time named therein, or to amend such report within fif-
teen days, when notified by the board so to do, shall for-
feit five dollars for each day's neglect.
[Chap. 361, Acts of 1896.]
An Act relative to the bonds of treasurers and
employees of savings banks and institutions for
savings, and co-operative banks.
Section 1. Whenever, under the provisions of section
fourteen of chapter three hundred and seventeen of the
xviii APPENDIX.
acts of the year eighteen hundred and ninety-four, it
becomes necessary for the treasurer or other officer or
employee of a savings bank or institution for savings to
give bond for the faithful discharge of his duties, he may
give a bond in which any company organized under the
laws of this state, or chartered by any other state or
government to transact fidelity insurance or corporate
suretyship, and authorized to do business in this Com-
monwealth, may be surety, or may be jointly and severally
bound with such treasurer or other officer or employee.
Such bond shall be to the satisfaction of the trustees and
in a form to be approved by the commissioners of savings
banks, and an attested copy thereof, with a certificate of
the custodian that the original is in his possession, shall
be filed with the commissioners of savings banks.
Sect. 2. The provisions of section one shall also
apply to bonds of secretaries and treasurers of co-opera-
tive banks, given under the provisions of section seven-
teen of chapter one hundred and seventeen of the Public
Statutes.
[Chap. 161, Acts op 1897.]
An Act relative to co-operative banks.
No co-operative bank, nor any person acting in its
behalf, shall take or receive a fee, brokerage, commis-
sion, grift or other consideration for or on account of a
loan made by or on behalf of such corporation, other than
appears on the face of the note or contract by which such
loan purports to be made ; but nothing herein contained
shall apply to any reasonable charge for services in the
examination of property and titles and preparation and
recording of conveyances to such corporation as security
for its loans. Whoever violates a provision of this sec-
tion shall be punished by fine of not less than one hundred
nor more than one thousand dollars.
APPENDIX. xix
[Chap. 247, Acts of 1898.]
An Act relative to co-operative banks.
Section 1. The secretary and treasurer of every co-
operative bank shall file with the board of commissioners
of savings banks an attested copy of his bond, with a
certificate of the custodian of the bond that the original
is in his possession. Such officers shall notify said board
of any change thereafter made in their bonds. If any
such officer fails, within ten days from the date thereof,
to file a copy of his bond or to notify the board of any
change therein, as required by this act, he shall be liable
to a penalty of fifty dollars. The board shall keep a
record showing when said bonds expire, and the changes
so notified ; and, whenever in its judgment it is necessary
for the security of the shareholders, shall require a new
bond in such amount and with such sureties as said board
may approve. The secretary and treasurer of every such
corporation shall give a new bond as often as once in
five years.
STATUTES
Cnmmcmtoalflj of IJfasssdimsttfs
RELATING TO
FOREIGN CORPORATIONS
(Commonly known as Building and Loan Associations)
Transacting Business in Massachusetts in the manner
of Co-operative Banks.
[Chap. 310, Acts of 1890.]
An Act in relation to the business of co-operative
BANKING.
Be it enacted, etc., as follows:
Section 1. Except as is hereinafter provided, no per- co-operative
1 a •> a banks 10 be
son, association or corporation shall carry on the business incorporated.
of accumulating the savings' of its members and loaning
to them such accumulations in the manner of a co-operative
bank within this Commonwealth, unless incorporated
under the laws thereof for such purpose.
Sect. 2. The board of commissioners of savings Foreign cor-
. . porations to
banks mav authorize any such association or corporation make a deposit
J J . y -with the
duly established under the laws of another state to carry treasurer of the
J ** Commonwealth.
on such business in the Commonwealth, but said associa-
tion or corporation shall not transact such business in this
Commonwealth unless it shall first deposit with the treas-
urer of the Commonwealth the sum of twenty-live thousand
dollars and thereafter a sum equal to fifteen per cent, of
the deposits made in such association or corporation by
citizens of the Commonwealth, the amount of percentage of
deposits so required to be determined from time to time by This f^tion
l ± J repealed by
said board of commissioners of savings banks ; or in lieu ofi896286'(Seets
thereof the whole or any part of said sum may consist of p* XX111')
any of the securities named in the first, second and third
clauses of section twenty of chapter one hundred and six-
teen of the Public Statutes* and acts amendatory thereof, at
their par value, and the said deposit shall be held in trust
by said treasurer for the protection and indemnity of the
residents of the Commonwealth with whom such associa-
tions or corporations respectively have done or may trans-
act business. Said moneys or property shall be paid out Disposition of
J L l J l moneys de-
or disposed of only on the order of some court of competent posited.
* Repealed, and superseded by first, second and third clauses of section 21, chapter
317, Acts of 1894.
XXIV
APPENDIX.
Examinations
hy commis-
si oners.
Authority to do
business maybe
revoked.
To conform
with require-
ments within
sixty days.
Penalties.
jurisdiction made on due notice to the attorney-general of
the Commonwealth, and upon such notice to the creditors
and shareholders of such association or corporation as the
court shall prescribe. For the purpose of ascertaining the
business and financial condition of any such association or
corporation doing or desiring to do such business, said
board may make examinations of such associations or
corporations at such times and at such places as said board
may desire, the expense of such examinations being paid
by the association or corporation examined, and may also
require returns'to be made to. them in such form and at
such times as they may elect. Whenever, upon examina
tion or otherwise, it is the opinion of said board that any
such association or corporation is transacting business in
such manner as to be hazardous to the public, or its con-
dition is such as to render further proceedings by it haz-
ardous to the public, said board shall revoke or suspend
the authority given to said association or corporation, but
this section shall not prevent such a bank or institution,
incorporated under the laws of another state, from loaning
money upon mortgages of real estate located within the
Commonwealth.*
Sect. 3. Every such person, association or corpora-
tion transacting business in the Commonwealth at the time
of the passage of this act shall, within sixty days after
such passage, conform to the requirements of this act.
Sect. 4. Whoever violates any provision of the pre-
ceding sections shall be punished by a fine not exceeding
one thousand dollars ; and any provision thereof may on
petition be enforced by injunction issued by a justice of
the supreme judicial court or of the superior court.
Sect. 5. This act shall take effect upon its passage.
[Approved May 21, 1890.
* Section repealed by chapter 2S6, Acts of 1896.
APPENDIX. xxv
[Chap. 403, Acts of 1891.]
An Act to authorize the commissioners of savings
banks to prevent foreign co-operative banking
«
CORPORATIONS FROM TRANSACTING BUSINESS IN THIS
COMMONWEALTH.
Be it enacted, etc., as follows :
Whenever, upon examination or otherwise, it is the corporations
opinion of the board of commissioners of savings banks vented from
0 doing business
that anv association or corporation established under the hazardous to
^ L the public.
laws of another state, for the purpose of carrying on the
business of accumulating the savings of its members and
loaning to them such accumulations in the manner of a
co-operative bank, and authorized to do business in this
Commonwealth, is transacting such business in a manner
hazardous to the public, or its condition is such as to ren-
der further proceedings by it hazardous to the public, said
board shall revoke or suspend the authority given to such
association or corporation if it has been authorized to do
business in the Commonwealth as aforesaid, and if not so
authorized said board shall notify it to cease the transac-
tion of such business ; and in either case such association
or corporation shall thereafter have no authority to trans-
act such business within the Commonwealth. But noth- Loans upon
ing herein contained shall prevent such association or real estate in
. m the Common-
corporation from loaning money upon mortgages of real wealth.
estate located within the Commonwealth. [Approved
June 11, 1891.
[Chap. 286, Acts of 1896.]
An Act relative to the transaction of the busi-
ness OF CO-OPERATIVE BANKING BY FOREIGN CORPORA-
TIONS.
Be it enacted, etc., as follows :
Section 1. Section two of chapter three hundred and
ten of the acts of the year eighteen hundred and ninety
xxvi APPENDIX.
is hereby repealed ; provided, however, that any associa-
tion or corporation which at the passage of this act is
dnly licensed by the board of commissioners of savings
banks to transact business in this Commonwealth, under
the provisions of said section, inayfoe allowed to continue
business, subject to all the conditions and restrictions of
such license and the provisions of said chapter three hun-
dred and ten as existing previous to the passage of this
act.
Sect. 2. This act shall take effect upon its passage.
[Approved April 14, 1896,
INDEX
TO SUBJECTS CONTAINED IN THE STATUTES RELATING TO
CO-OPERATIVE BANKS.
PAGE
Agreement of association ; what to set forth, v
Annual returns, xvii
Authority of foreign corporations to do business may be revoked, . . . xxiv
Bids for loans may be a rate of interest, xi
Bonds of treasurers and employees, xvii, xix
Books and accounts, „ xiv
Capital, vi
Capital, limitation of, vi
Capital, investments of, ix
Co-operative banking denned, v
Co-operative banks must be incorporated, . . . . . . . . xxiii
Distribution of profits and losses, xv
Dues, vii
Examinations by commissioners, xxiv
Fee, brokerage, commission, etc., not to be taken on account of loans. Penalty, xviii
Fines, defined, xiii
Fines in excess of profits not to be charged, xiv
Foreign co-operative banking, how prevented, xxiii
Foreign corporations to make a deposit with the treasurer of the Commonwealth, xxi
Forfeiture of shares, xiii
Guaranty fund, . xvi
How moneys may be lent or invested, ix
Interest on loans, x
Limitation of capital, vi
Loans, ix
Loans, bid for same may be a rate of interest, xi
Loans, partial payment of, xii
Loans, payment of, xii
Loans, premiums on, x
Loans, recovery of, xiv
Loans, security for, xi
xxviii APPENDIX.
PAGE
Maturity of shares, ix
Meetings vii
Moneys, how lent or invested, . . . . . . ix
Name to include the words " co-operative bank," v
Officers, o . . vi
Organization, v
Partial payment of loans on real estate, xii
Payment of loans, xii
Payments by the corporation, . xv
Penalties, xxiv
Penalty for failure to make annual return, xvii
Plans of issuing stock, etc., vi
Powers of savings bank commissioners, xvi
Premiums on loans, x
Profits and losses, how distributed, xv
Purchase of money at a lower rate, xii
Real estate, how acquired, xvi
Recovery of loans, - xiv
Repeal of statute authorizing business by foreign corporations, .... xxv
Repeal not to affect associations or corporations previously licensed by Board, . xxvi
Retiring of shares, viii
Secretary and treasurer may be one and same person, vii
Secretary and treasurer to give bonds, xv
Security for loans, xi
Shares, forfeiture of, xiii
Shares held in trust, viii
Shares in name of minors, viii
Shares, maturity of, ix
Shares, retiring of, . viii
Stock, plans of issuing same vi
Withdrawals, . . . . . . . - . . . . . . . vii
STATUTES
RELATING TO
MORTGAGE LOAN AND INVESTMENT
COMPANIES.
.A.N" ACT
IN RELATION TO
MORTGAGE LOAN AND INVESTMENT COMPANIES.
(Chapter 387, Acts of 1888.)
Section 1. Every corporation now or hereafter estab-
lished under the laws of this Commonwealth for the
special purpose of negotiating or making loans of money
secured by deed of trust or mortgage of real estate situ-
ated outside of this Commonwealth, may exercise and
enjoy all the powers, and shall be governed by the pro-
visions and be subject to the duties, restrictions and
liabilities prescribed in this act and any acts which may
hereafter be passed in amendment or lieu thereof. All
such corporations heretofore chartered shall continue to
exercise and enjoy their powers and privileges according
to their respective charters, and shall be subject to all the
liabilities imposed by the same, except so far as said
powers, privileges and liabilities are modified and con-
trolled by the provisions of this act.
Sect. 2. Every such corporation may make loans of
money secured by deed of trust or mortgage of real estate
situated in any state, other than this Commonwealth, or
territory of the United States to an amount not exceeding
fifty per cent, of the appraised value of said property ;
but no loan shall be made on any property subject to a
prior mortgage, encumbrance or lien. Every such cor-
poration may also hold, sell and assign the bonds, notes,
mortgages and securities taken for such loans ; may guar-
antee the payment of the interest and principal of any
bonds, notes or other evidences of debt secured as afore-
said, and may guarantee the title to the property securing
such evidences of debt for the time such debt remains
unpaid : provided, that nothing contained in this act shall
xxxii APPENDIX.
be construed as authorizing such corporations to engage
in the business of title insurance.
Sect. 3. Every such corporation may purchase, hold,
guarantee, sell and assign notes or bonds, and the mort-
gages or deeds of trust securing the same, or uther papers
securing any loan made by any individual, firm, corpora-
tion or association, provided such loan shall have been
made in accordance with the conditions under which such
corporations can make loans, as prescribed in section two
of this act.
Sect. 4. Every such corporation may receive money
from any individual, firm, corporation or association, for
investment in the securities which such corporations are
by this act authorized to sell or issue, and may allow
d interest on such money from the time of its receipt to the
time of its investment as aforesaid, at such rate as may
be agreed upon ; may receive, care for, manage and sell
stocks, bonds and evidences of debt, the avails of which
are intended for investment as aforesaid. No such cor-
poration shall receive money on deposit, except as herein-
before provided, or engage in any form of banking or trust
business other than as permitted by the terms of this act.
Sect. 5. Every such corporation may act as agent for
the purpose of foreclosing mortgages and collecting claims
arising by reason of any evidence of debt deposited with
it under the provisions of section four of this act ; may
purchase real estate at any public auction sale thereof
made by virtue of the power contained in any deed of
trust or mortgage owned, held or guaranteed by it, or at
a private sale thereof made for the purpose of cancelling
the debt secured by any such deed of trust or mort-
gage ; may hold, sell, transfer and convey said property :
provided, all real estate purchased or acquired under the
provisions of this section shall be sold within five years
after such purchase or acquisition.
Sect. 6. Every such corporation may issue deben-
tures or bonds, to secure the payment of which, such cor-
APPENDIX. xxxiii
poration shall from time to time assign, transfer and set
over to trustees, none of whom shall be officers of the
corporation, or to a trust company established under the
laws of this Commonwealth, deeds of trust or mortgages
of real estate on which loans have been made in accord-
ance with the provisions of this act, to be held by such
trustees or company in trust for the benefit of the holders
of said debentures or bonds, whereupon such trustees or
company shall indorse their or its certificate of such fact
upon debentures or bonds not exceeding in amount the
face value of securities so transferred to them or it.
Sect. 7. The total amount of mortgages guaranteed
and of debentures or bonds issued by any such corpora-
tion shall at no time be in excess of ten times the amount
of its capital stock actually paid in and its surplus.
Sect. 8. All bonds, notes and other evidences of debt
taken by such corporation for money loaned shall be
payable to such corporation at its principal place of busi-
ness within this Commonwealth, and shall pass by de-
livery, by transfer on the books of such corporation at
its principal place of business within this Commonwealth,
or by certificate of its transfer agent at such other place
as it may appoint. No transfer except on the books of
the corporation or by certificate of its transfer agent,
shall be valid unless the last transfer shall have been to
bearer. A complete record of such transfer by said trans-
fer agents shall be forwarded to and kept at the principal
place of business of such corporation within this Com-
monwealth.
Sect. 9. Every such corporation may hold real estate
within this Commonwealth suitable for the transaction of
its business, to an amount not exceeding twenty-five per
cent, of its capital actually paid in.
Sect. 10. No such corporation shall be the purchaser
or holder of any of the shares of its own capital stock,
unless such purchase shall be necessary to prevent loss
upon a debt previously contracted in good faith ; and stock
xxxiv APPENDIX.
so purchased shall, within six months from the time of its
purchase, be sold or disposed of at public or private
sale.
Sect. 11. The shareholders of every such corporation
shall be held individually liable in the same manner and
to the same extent, and not otherwise, as stockholders of
manufacturing corporations are or may be held liable
under the laws of this Commonwealth. The provisions
contained in sections sixty-two to seventy-one inclusive
of chapter one hundred and six of the Public Statutes shall
apply to and regulate the enforcement of this liability.
Sect. 12. Every such corporation shall set apart as a
guaranty fund a sum not less than five per cent, of its
paid in capital, and shall thereafter annually add thereto
a sum not less than ten per cent, of its net earnings, until
such fund, with the accumulated interest thereon, shall be
equal to not less than twenty-five per cent, of its paid in
capital. Said fund shall be invested in United States
bonds ; English consols ; first mortgage bonds of any rail-
road corporation which has paid a dividend on its stock
for at least three years next preceding the date of said
investment ; in the legally authorized bonds for municipal
purposes of any city of the United States of not less than
thirty thousand inhabitants whose whole indebtedness
shall not exceed five per cent, of its last assessed valua-
tion ; or in any securities in which savings banks of this
Commonwealth are allowed to invest.
Sect. 13. The books of every such corporation shall
at all reasonable times be open for inspection to the stock-
holders and to all holders of bonds and debentures issued
by such corporation, or of notes and other evidences of
debt guaranteed by such corporation.
Sect. 14. The commissioners of savings banks shall
have access to the vaults, books and papers of every such
corporation ; and it shall be their duty to inspect, ex-
amine and inquire into its affairs and take proceedings in
regard to them at such times as they shall deem necessary,
APPENDIX. xxxv
in the same manner and to the same extent as if such
corporation was a savings bank, subject to all the laws
which are now or hereafter may be in force relating to
such institutions in this regard : provided, however, said
commissioners may cause any examination to be made by
an expert under their direction but at the expense of the
corporation. Every such corporation shall annually,
within ten days after the last business day of October,
make a return to said commissioners, which return shall
be in the form of a trial balance of its books, and shall
specify the different kinds of its liabilities and the differ-
ent kinds of its assets, stating the amount of each kind in
accordance with a blank form to be furnished by said
commissioners, and such annual returns shall be published
in a newspaper of the city or town where such corporation
is located, at the expense of such corporation, at such
times and in such manner as may be directed by said
commissioners. Said commissioners shall annually make
report to the general court of such facts and statements
respecting such corporations, and in such forms as they
deem that the public interest requires.
INDICES.
GENERAL INDEX.
PAGE
General Remarks on Co-operative Banks iii
General Remarks on Loan Companies, xx
General Remarks on Mortgage Loan and Investment Companies, . . . xxi
General Remarks on Foreign Building and Loan Associations, .... xxii
Annual Reports of Co-operative Banks, 2-280
Aggregate Statement of Co-operative Banks, . . . . . . .281, 282
Annual Reports of Loan Companies, . . 284-286
Annual Reports of Mortgage Loan and Investment Companies, .... 287, 288
APPENDIX
PAGE
Statutes relating to Co-operative Banks, v
Statutes relating to Mortgage Loan and Investment Companies, . . . . xxix
Index to the Annual Reports.
[Alphabetically by Location.']
LOCATION.
Adams,
Amesbury, .
Arlington, .
Athol, .
Attleborough,
Baldwinville,
Beverly,
Boston,
Brockton, .
Brookline, .
Cambridge, .
Cambridgeport,
Canton,
Chelsea,
Clinton,
Danvers,
Dedham,
East Cambridge,
Everett,
Fall River, .
Fitchburg, .
Foxborough,
Franklin,
Gardner,
CO-OPERATIVE BANKS.
CORPORATE NAME.
Adams Co-operative Bank,
Amesbury Co-operative Bank, .
Arlington Co-operative Bank, .
Athol Co-operative Bank, .
Attleborough Co-operative Bank,
Baldwinville Co-operative Bank,
Beverly Co-operative Bank,
Allston Co-operative Bank,
Boston Co-operative Bank,
Dorchester Co-operative Bank, .
Enterprise Co-operative Bank, .
Federal Co-operative Bank,
Germania Co-operative Bank, .
Guardian Co-operative Bank, .
Highland Co-operative Bank,
Homestead Co-operative Bank, .
Merchants' Co-operative Bank, .
Mt. Washington Co-operative Bank,
Pioneer Co-operative Bank,
Roslindale Co-operative Bank, .
Roxbury Co-operative Bank,
Suffolk Co-operative Bank,
Volunteer Co-operative Bank, .
West Roxbury Co-operative Bank,
Workingmen's Co-operative Bank,
Campello Co-operative Bank,
Security Co-operative Bank,
Brookline Co-operative Bank,
Reliance Co-operative Bank,
Columbian Co-operative Bank,
Canton Co-operative Bank,
Provident Co-operative Bank,
Clinton Co-operative Bank,
Danvers Co-operative Bank,
Dedham Co-operative Bank,
Cambridge Co-operative Bank,
Everett Co-operative Bank,
Fall River Co-operative Bank,
Lafayette Co-operative Bank,
People's Co-operative Bank,
Troy Co-operative Bank, .
Fidelity Co-operative Bank,
Fitchburg Co-operative Bank,
Foxborough Co-operative Bank
Dean Co-operative Bank, .
Gardner JCo-operative Bank,
xl
INDEX.
[Pub. Doc.
LOCATION.
Gloucester, .
Grafton,
Great Barrington
Groveland, .
Haverhill, .
Hingham, .
Holbrook, .
Holyoke,
Hudson,
Hyde Park, .
Lawrence, .
Leominster, .
Lowell,
Lynn, .
Maiden,
Mansfield, .
Marblehead,
Marlborough,
Medford,
Melrose,
Merrimac, .
Middleborough,
Milford,
Natick, .
Needham, .
New Bedford,
Newburyport,
Newton,
North Abington,
North Adams,
Northampton,
North Dighton,
North Easton,
Norwood,
Orange,
Peabody,
Pittsfield,
Plymouth,
Quincy,
Randolph,
Reading,
Salem, .
Sandwich,
Somerville,
South Braintree,
South Framingham,
South Weymouth,
Springfield, .
CORPORATE NAME. PAGE
Gloucester Co-operative Bank, 85
Grafton Co-operative Bank, 87
Housatonic Co-operative Bank, Ill
Groveland Co-operative Bank, 89
f Citizens' Co-operative Bank, 37
I Haverhill Co-operative Bank, 93
Hingham Co-operative Bank, 99
Holbrook Co-operative Bank, 101
f City Co-operative Bank 39
1 Holyoke Co-operative Bank, 103
Hudson Co-operative Bank, 113
Hyde Park Co-operative Bank, 115
(Atlantic Co-operative Bank, 14
Lawrence Co-operative Bank, 120
Merrimack Co-operative Bank, 148
, Leominster Co-operative Bank, 123
f Lowell Co-operative Bank, 125
1 Middlesex Co-operative Bank, 152
f Equitable Co-operative Bank, 59
t Lynn Co-operative Bank, 128
, Maiden Co-operative Bank, 130
. Mansfield Co-operative Bank, 132
. Marblehead Co-operative Bank, 134
. Marlborough Co-operative Bank, 136
, Medford Co-operative Bank, 140
, Melrose Co-operative Bank, 143
, Economy Co-operative Bank, 54
Middleborough Co-operative Bank, . . . . . 150
Milford Co-operative Bank, 154
, Henry Wilson Co-operative Bank, 95
Needham Co-operative Bank, 159
{ Acushnet Co-operative Bank, 2
t New Bedford Co-operative Bank, 161
. Newburyport Co-operative Bank, 164
Newton Co-operative Bank, 166
North Abington Co-operative Bank, 168
, Berkshire County Co-operative Bank, .... 21
Northampton Co-operative Bank, . . . . . 170
, North Dighton Co-operative Bank, 172
. North Easton Co-operative Bank, 174
, Norwood Co-operative Bank, 176
Orange Co-operative Bank, 178
. Peabody Co-operative Bank, . . . . . 180
, Pittsfield Co-operative Bank, 187
Plymouth Co-operative Bank, 189
f Quincy Co-operative Bank, 193
t Wollaston Co-operative Bank, 272
Randolph Co-operative Bank, 195
Reading Co-operative Bank, 197
f Roger Conant Co-operative Bank, 202
1 Salem Co-operative Bank 208
Sandwich Co-operative Bank, . . . . . . 210
Somerville Co-operative Bank, 215
Braintree Co-operative Bank, 27
South Framingham Co-operative Bank, .... 218
South Weymouth Co-operative Bank, .... 222
Springfield Co-operative Bank, 224
No. 8.]
INDEX.
xli
LOCATION.
Stoneham, .
Stoughton, .
Taunton,
Wakefield, .
Waltham, .
Water town, .
Waverley, .
Webster,
Westfield, .
West Newton,
West Somerville,
West Springfield,
Weymouth, .
WhitmaD, .
Winchendon,
Winchester, .
Woburn,
Worcester, .
Boston,
Worcester, .
CORPORATE NAME. PAGE
. Stoneham Co-operative Bank, 227
. Stoughton Co-operative Bank, 229
{Mechanics' Co-operative Bank, 138
Taunton Co-operative Bank, 233
Weir Co-operative Bank, 252
. Wakefield Co-operative Bank, 241
. Waltham Co-operative Bank 243
. Watertown Co-operative Bank, 246
. Waverley Co-operative Bank, 248
. Webster Co-operative Bank, 250
. Westfield Co-operative Bank, 254
. West Newton Co-operative Bank, 256
. West Somerville Co-operative Bank, .... 260
. West Springfield Co-operative Bank, .... 262
. South Shore Co-operative Bank, 220
. Whitman Co-operative Bank, 264
. Winchendon Co-operative Bank, 266
. Winchester Co-operative Bank, 268
. Woburn Co-operative Bank, ...... 270
{Equity Co-operative Bank, 62
Home Co-operative Bank, 105
Worcester Co-operative Bank, 274
COLLATERAL LOAN COMPANIES.
r Collateral Loan Company, 284
* { Workingmen's Loan Association, 286
. Worcester Collateral Loan Association, .... 285
Boston,
MORTGAGE LOAN AND INVESTMENT COMPANY.
. National Mortgage and Debenture Company, .
287
xlii
INDEX.
[Pub. Doc.
Index to the Annual Reports.
[Alphabetically by Corporate Name.]
CO-OPERATIVE BANKS.
CORPORATE NAME. LOCATION.
Acushnet Co-operative Bank, New Bedford,
Adams Co-operative Bank, Adams, .
Allston Co-operative Bank, Boston, .
Amesbury Co-operative Bank, Amesbury,
Arlington Co-operative Bank, Arlington,
Athol Co-operative Bank, Athol, .
Atlantic Co-operative Bank, . . . . . . Lawrence,
Attleborough Co-operative Bank, Attleborough,
Baldwinville Co-operative Bank Baldwinville,
Berkshire County Co-operative Bank, .... North Adams,
Beverly Co-operative Bank, Beverly, .
Boston Co-operative Bank, Boston, .
Braintree Co-operative Bank, South Braintree,
Brookline Co-operative Bank, Brookline,
Cambridge Co-operative Bank, . . . . . East Cambridge,
Campello Co-operative Bank, Brockton,
Canton Co-operative Bank, Canton, .
Citizens' Co-operative Bank, Haverhill,
City Co-operative Bank, . . . . . . . Holyoke,
Clinton Co-operative Bank, ...... Clinton, .
Columbian Co-operative Bank, Cambridgeport,
Danvers Co-operative Bank, Danvers,
Dean Co-operative Bank, Franklin,
Dedham Co-operative Bank, Dedham,
Dorchester Co-operative Bank, Boston, .
Economy Co-operative Bank, . . . . . Merrimac,
Enterprise Co-operative Bank, East Boston,
Equitable Co-operative Bank, . . . . . . Lynn, .
Equity Co-operative Bank, Worcester,
Everett Co-operative Bank, Everett, .
Fall River Co-operative Bank, Fall River,
Federal Co-operative Bank, Boston, .
Fidelity Co-operative Bank, Fitchburg,
Fitchburg Co-operative Bank, Fitchburg,
Foxborough Co-operative Bank, Foxborough,
Gardner Co-operative Bank, Gardner,
Germania Co-operative Bank, . . . . . . Boston, .
Gloucester Co-operative Bank, Gloucester,
Grafton Co-operative Bank, Grafton,
Groveland Co-operative Bank, Groveland,
Guardian Co-operative Bank, Boston, .
Haverhill Co-operative Bank, Haverhill,
Henry Wilson Co-operative Bank Natick, .
Highland Co-operative Bank, Boston, .
Hingham Co-operative Bank, Hingham,
No. 8.]
INDEX,
xliii
CORPORATE NAME.
Holbrook Co-operative Bank,
Holyoke Co-operative Bank,
Home Co-operative Bank,
Homestead Co-operative Bank,
Housatonic Co-operative Bank,
Hudson Co-operative Bank,
Hyde Park Co-operative Bank,
Lafayette Co-operative Bank, .
Lawrence Co-operative Bank, .
Leominster Co-operative Bank,
Lowell Co-operative Bank,
Lynn Co-operative Bank, .
Maiden Co-operative Bank,
Mansfield Co-operative Bank, .
Marblehead Co-operative Bank,
Marlborough Co-operative Bank,
Mechanics' Cooperative Bank,
Medford Co-operative Bank,
Melrose Co-operative Bank,
Merchants' Co-operative Bank,
Merrimack Co-operative Bank,
Middleborough Co-operative Bank,
Middlesex Co-operative Bank, .
Milford Co-operative Bank,
Mt. Washington Co-operative Bank
Needham Co-operative Bank, .
New Bedford Co-operative Bank,
Newburyport Co-operative Bank,
Newton Co-operative Bank,
North Abington Co-operative Bank,
Northampton Co-operative Bank,
North Dighton Co-operative Bank,
North Easton Co-operative Bank,
Norwood Co-operative Bank,
Orange Co-operative Bank,
Peabody Co-operative Bank,
People's Co-operative Bank,
Pioneer Co-operative Bank,
Pittsfield Co-operative Bank,
Plymouth Co-operative Bank,
Provident Co-operative Bank,
Quincy Co-operative Bank,
Randolph Co-operative Bank,
Reading Co-operative Bank,
Reliance Co-operative Bank,
Roger Conant Co-operative Bank,
Roslindale Co-operative Bank,
Roxbury Co-operative Bank,
Salem Co-operative Bank,
Sandwich Co-operative Bank,
Security Co-operative Bank,
Somerville Co-operative Bank, .
South Framingham Co-operative Bank,
South Shore Co-operative Bank,
South Weymouth Co-operative Bank
Springfield Co-operative Bank,
LOCATION.
Holbrook,
Holyoke,
Worcester,
Boston, .
Great Barrington,
Hudson,
Hyde Park,
Fall River,
Lawrence,
Leominster,
Lowell, .
Lynn, .
Maiden, .
Mansfield,
Marblehead,
Marlborough,
Taunton,
Medford,
Melrose,
Boston, .
Lawrence,
Middleborough,
Lowell, .
Milford, .
Boston, .
Needham,
New Bedford,
Newburyport,
Newton,
North Abington,
Northampton,
North Dighton,
North Easton,
Norwood,
Orange, .
Peabody,
Fall River, .
Boston, .
Pittsfield,
Plymouth,
Chelsea, .
Quincy, .
Randolph,
Reading,
Cambridge, .
Salem, .
Roslindale, .
Boston, .
Salem, .
Sandwich,
Brockton,
Somerville, .
South Framingham,
Weymouth, .
South Weymouth,
Springfield, .
xliv
INDEX.
[Pub. Doc. No. 8.
CORPORATE NAME. LOCATION. PAGE
Stoneham Co-operative Bank, Stoneham, . . . 227
Stoughton Co-operative Bank, Stoughton, . . . 229
Suffolk Co-operative Bank Boston, .... 231
Taunton Co-operative Bank, Taunton, . . . 233
Troy Co-operative Bank, Fall River, . . . 235
Volunteer Co-operative Bank, Boston, . . . . 238
"Wakefield Co-operative Bank, Wakefield, . . . 241
"Waltham Co-operative Bank, "Waltham, . . . 243
Watertown Co-operative Bank, Watertown, . . . 246
Waverley Co-operative Bank, Waverley, . . . 248
"Webster Co-operative Bank, "Webster, . . . 250
Weir Co-operative Bank, Taunton, . . . 252
Westfield Co-operative Bank, "Westfield, . . . 254
"West Newton Co-operative Bank, "West Newton, . . 256
"West Roxbury Co-operative Bank, Boston, .... 258
West Somerville Co-operative Bank "West Somerville, . . 260
"West Springfield Co-operative Bank "West Springfield, . . 262
"Whitman Co-operative Bank, "Whitman, . . . 264
"Winchendon Co-operative Bank, . . . . . "Winchendon, . . 266
"Winchester Co-operative Bank, Winchester, . . . 268
Woburn Co-operative Bank, Woburn, . . . 270
Wollaston Co-operative Bank, . . . . . . Quincy, .... 272
Worcester Co-operative Bank, Worcester, . . . 274
Workingmen's Co-operative Bank, Boston, .... 277
COLLATERAL LOAN COMPANIES.
Collateral Loan Company, . , . . . Boston, .
Worcester Collateral Loan Association, .... Worcester,
Workingmen's Loan Association, Boston, .
284
285
286
MORTGAGE LOAN AND INVESTMENT COMPANY.
National Mortgage and Debenture Company, . . . Boston, .
287
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