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Full text of "Twenty-Fourth Annual Report of the Board of Commissioners of Savings Banks, 1899, Part 2"

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 



Digitized by the Internet Archive 

in 2012 with funding from 

Boston Library Consortium Member Libraries 



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$2,902,205 for dues on shares withdrawn, $57,746 for dues on 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withdrawn or forfeited had been credited with $452,951.49 in 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 
4£ 

5 

°8 

5 T 3 6 

K\ 7 
°T0' 



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. 


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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 P er cen t- 

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 : — 



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No. 8.] SAVINGS BANK COMMISSIONERS. ix 



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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(; t 3 , 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 Workingmen 1 s 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 P er 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, . 





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 





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, t 1891, . 


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, . 





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 













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 





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 ' 

a 1 " 
a> eg 


05 O 


6 






Issue. 


"u 


3.C 
■30Q 




5> 









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 


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 profits 1 , 
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 





774 15 


eral ledger, . 


$34,195 00 


July, 1890, . 


4 


145 03 


1 


145 03 


Profits capital, as per 




Jan., 1891, . 





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) 


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 




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, . 





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 : 

6 T 3 ff per cent. 
Lowest rate of premium or interest received on money sold during the year : 

6y 3 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, . 





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 ° 











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 
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 

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, . 





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 

$> 





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. 





~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 


> 


r j} 


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.) 

L a in itai tion 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.) 

offic a eT 8 9 to 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 treasirer and 
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. x i 



(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 to y for. 
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 m o n ©y at a lower rate than that paid by him on an exist- 
coeXIb. m g 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 ofi896 286 '(See ts 
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 

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 J Co-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