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Full text of "Twenty-Second Annual Report of the Board of Commissioners of Savings Banks, 1897, Part 2"

State Library 



OF 



MASSACHUSETTS 



B. 



Return as Soon as Used. 



V\5 






2. 



Digitized by the Internet Archive 

in 2012 with funding from 

Boston Library Consortium Member Libraries 



http://archive.org/details/twentysecondannu18972mass 



PUBLIC DOCUMENT .... .... No. 8. 



TWENTY-SECOND ANNUAL EEPOET 

OF THE 

= Board of Commissioners 



OF 



SAVINGS BANKS. 



1897. 



Paet 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. 

1898. 

& 



STATE LlBB^TPr^'-'fiHlISETTS, 



\a 



Comntontocaltb of IPassatjjusftts. 



Office of the Board of Commissioners of Savings Banks, 
State House, Boston, Mass., Jan. 24, 1898. 

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-second annual report 

of the Board, showing the condition at the close of business 

Oct. 30 (that being the last business day of the month), 1897, 

of the following institutions, viz. : — 

123 co-operative banks with assets of $24,597,843 18 

3 collateral loan companies with assets of . . 611,918 81 

1 mortgage loan company with assets of . . 820,223 46 
1 mortgage loan company in hands of receiver. 

Co-operative Banks. 

During the year ending Oct. 31, 1897, the number of banks 
has been increased by the addition of the West Springfield Co- 
operative Bank, which was incorporated April 8, 1897, and 
commenced business May 12. 

Since the ending of the financial year the Board has con- 
sented to the establishment of a bank in that part of Boston 
known as Roslindale, and action has been taken looking to its 
organization early in the present year. 

Business of the Year. 

During the year the 123 banks doing business have received 
$6,016,142.49 for dues, $1,371,644.93 for interest, $60,622.10 
for premiums and $50,346.51 for fines. 

During the same period the same banks returned to members 
$2,782,277.49 for dues on shares withdrawn, $62,966 for dues 
on shares forfeited, $1,574,939 on shares retired and $336,728.36 
on shares matured, — a total of $4,756,910.85, which amount 
represents sums which had actually been paid into the banks 
by members in cash. 

In addition to the above sum, the same members received 
$155,458.71 in profits returned on shares matured, $424,841.61 



VI 



EEPOKT OF THE 



[Pub. Doc. 



in profits returned on shares retired, and there had been credited 
to them on shares withdrawn $402,971.40 and on shares for- 
feited $9,955.46,— a total of $993,227.18, which represents 
the earnings of the cash paid in. The entire profits on the 
shares matured and retired were returned to the holders, a 
portion of the profits credited on shares withdrawn and for- 
feited being retained in those banks which have availed them- 
selves of the provision of the statute and provided in their 
by-laws for such retention to a greater or less extent. 

The total number of shares issued during the year was 
130,314 and the number eliminated was as follows, viz. : — 



Shares withdrawn, 
Shares forfeited, . 
Shares retired, 
Shares matured, . 

Total, . 
The net increase in shar 



90,240 
3.504 

18,346 
2,454 



114,544 
es in force for the year being 15,770 



Receipts and Disbursements. 
The following consolidated statement shows in detail the 
receipts and disbursements of all the banks during the year : — 

Detailed Statement of Receipts and Disbursements for the Tear ending 

Oct. 31, 1897. 



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 shares, 

From expense account, 

From real estate, 

From bonds and notes, 

From retired shares, 

From matured shares, 

From sundry sources, 

Cash on hand Oct. 31, 1896, 



66,016,142 49 

1,371,644 93 

60,622 10 

50,346 51 

366 60 

4,398,037 11 

474,806 21 

111,950 00 
890,727 26 

51,763 87 
1,917 26 

22,637 80 
1,997 16 
250,593 67 
124,552 58 
367,865 61 
105,266 43 
120,080 07 
484,511 04 



$14,905,828 70 



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 real estate, 

For interest, . 

For retired shares, 

For matured shares, 

For bonds and notes, 

For sundries, . 

Cash on hand Oct. 30, 1897, 



$6,037,804 74 

863,503 00 

2,782,277 49 

62,966 00 

1,574,939 00 

336,728 36 

402,971 40 

9,955 46 

424,841 61 

155,458 71 

115,946 13 

1,873 12 

23.583 15 

522,956 04 

18,697 03 

367,064 72 

100,932 11 

92,234 86 

138,880 23 

872.215 54 



$14,905,828 70 



A comparison of the items in the foregoing statement with 
the similar items in the statement in our report for 1896 shows 



No. 8.] SAVINGS BANK COMMISSIONERS 



vn 



an increase of $233,193.25 in dues received and of $794,320.66 
in dues returned. 

The receipts for interest and premiums were $1,432,267.03, 
— an increase of $131,738.16 over the sum received in the 
preceding year. 

In order that the casual reader may not be misled, it is proper 
to state that the item of real estate loans repaid, as also the 
item of real estate loans in the list of disbursements, is in each 
case largely increased by the fact that, when a borrower desires 
to reduce his loan by the value of the shares pledged, and in 
other cases when the amount of the loan is rebid at a lower 
rate, it is customary in keeping the books to treat the original 
amount as repaid, and consequently the new loan as a new 
transaction . 

The sum disbursed for expenses, say $115,946.13, while 
much larger than the sum disbursed for that purpose during 
the year preceding, is perhaps no more than the increase in 
business would seem to warrant ; the ratio of expenses to dues 
capital is y 5 oVo °f one P er cent., and of expenses to" assets ^ 4 q 7 o 2 o 
of one per cent., both being slightly less than in 1896. 

Profits Distributed. 
The following statement gives the rate per cent, at which 
profits have been distributed during the past year : — 



1 bank distributed profits at the rate of 

1 bank " " " " 

1 bank " " " " 

6 banks " " " 

1 bank " " " 
4 banks " " " 

2 banks " " " " 

3 banks " " " " 
1 bank " " " " 

74 banks " " 

1 bank " " " 

1 bank " " 

8 banks " " 

1 bank " " " " 

1 bank " " " " 

10 banks " " " " 

6 banks " " " 

1 bank " " " " 





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t Melrose, one dividend. 



Vlll 



REPORT OF THE 



[Pub. Doc. 



The following comparative statement gives the rates at which 
profits have been distributed the past three years : — 



1895. 1896. 1897. 



Number of banks distributing at If per cent, 



^3 

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Shares Matured. 

During the year ending Oct. 31, 1897, 31 banks have ma- 
tured shares. The number of months during which these 
shares had been in force in the several banks was as follows : — 



1 bank 


1 


series, 








142 months. 




1 " 


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132 




1 " 


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139 





No. 8.] SAVINGS BANK COMMISSIONERS. 



IX 



bank 



2 series 
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The average time required for the shares to reach maturity 
was 138| months, as against 138J the preceding year. 

The Waltham Bank retired all its shares in the nineteenth 
and twentieth series before maturity ; had these shares been 
allowed to reach maturity, they would have been in force 136 
months each, and on that basis would have made the average 
time 138| months, instead of 138| months, as stated above. 

The following table gives the names of those banks in which 
shares have matured during the year, together with details of 
facts connected with such maturity : — 



REPORT OF THE 



[Pub. Doc. 



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No. 8.] SAVINGS BANK COMMISSIONERS. xi 

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No. 8.] SAYINGS BANK COMMISSIONERS. xiii 

The Waltham Bank retired all its unpledged shares in series 
11 and 12 at the expiration of 135 months, shares in eleventh 
series having reached the value of $199.94, and those in the 
twelfth series $199.19 each; 18 shares in the eleventh series 
and 34 in the twelfth series were pledged for real estate loans, 
and the 9 persons pledging these shares were released upon 
payment of the small amounts required to liquidate the loans, 
which amounted to $10,150, and in the table of receipts such 
loans are treated as loans repaid by maturity of shares. 

Shares Retired. 

The statute requires that " whenever there shall remain in 
any series, at the expiration of five years after the date of its 
issue, an excess above one hundred 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 expira- 
tion 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 re- 
quire : 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." 

The wisdom of this requirement becomes more evident each 
year, and many of the banks have not only retired the number 
required by statute, but such an additional number as was 
needed to eliminate a portion of their unemployed capital, — a 
measure which has the unqualified approval of this Board. 

In some few other instances banks have neglected to retire 
as many shares as the statute required, and the Board was 
obliged to call the attention of the officers to this fact, and 
thereupon- promise has been made to at once remedy the 
omission. 

Should future returns of the same banks show a similar 
omission, the Board will feel obliged to call the attention of 



XIV 



REPORT OF THE 



[Pub. Doc. 



the Attorney-General to the fact, for such action on his part 
as may seem to be required. The Board would be loath to 
adopt such a course, and trusts that future action of the banks 
referred to will save it from the necessity of so doing. 

Liabilities and Assets. 
The following balance sheet gives in detail the various items 
of liabilities and assets of all the banks, consolidated from the 
individual reports : — 

Liabilities. 



Classification. 



Amount 
Oct. 30, 1897. 



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 



$20,319,075 96 

3,709,416 21 

153,545 47 

6,917 35 

5,380 34 

62 25 

8,487 03 

408 37 

145,692 84 

190,682 59 

11,331 65 

5,311 74 

12,907 48 

2,931 74 

15,561 39 

10,130 77 



$24,597,843 18 



! 1,265,993 64 

349,152 79 

11,943 21 

548 26 

849 13 

330 00 

19,476 86 

28,942 79 



4,334 32 

800 89 
5,311 39 
6,024 39 



$404 10 
6 25 



1,501 54 
644 91 













Assets. 






Loans on real estate, 


$21,835,114 08 


$1,057,761 42 


_ 


Loans on shares, 










962,510 18 


- 


$27,324 26 


Permanent expense account, 










11,638 09 


- 


1,063 05 


Temporary expense account, , 










13,344 22 


780 25 


- 


Real estate by foreclosure, 










531,041 25 


248,431 64 


- 


Dues unpaid, 










21,529 00 


- 


7,965 00 


Unpaid interest, 














114,671 35 


10,109 98 


- 


Unpaid premiums, 














5,265 61 


- 


487 80 


Unpaid fines, 














9,427 17 


- 


31 46 


Bonds, . . 














125,364 76 


- 


32,519 52 


Mortgages, . . 














77,750 36 


51,922 58 


- 


Sundries, . 














17,971 57 


3,831 59 


- 


Cash, . 














872,215 54 


387,704 50 


- 
















$24,597,843 18 


- 


- 



A comparison of the foregoing statement with the balance 
sheet of Oct. 31, 1896, shows an increase — 



In dues capital of . 
In profits capital of 

An aggregate of 



. $1,265,993 64 
349,152 29 

. !$1,615,U5 93 



No. 8.] SAVINGS BANK COMMISSIONERS. xv 

notwithstanding a considerable amount of capital, say $5,750,- 
138.03, had been charged out for shares cancelled by maturity, 
etc. 

The magnitude of the business of the banks as a whole is 
best realized when it is remembered that the total number of 
shares in force on October 31 last, say 509,115, calls for a 
contribution in monthly dues alone of $6,109,380 per annum. 

Loans on real estate have risen from $20,777,352.66 in 1896 
to $21,835,114.08 in 1897, — an increase of $1,057,761.42; 
and loans on shares, which aggregated $989,834.44 in 1896, 
have fallen to $962,510.18, —a decrease of $27,324.26. 

The total increase in loan account is $1,030,437.16, against 
an increase of $2,488,657.12 in the preceding year. 

The cash on hand, say $872,215.54, is $387,704.50 in excess 
of the amount on hand Oct. 31, 1896, and $76,818.5 L in excess 
of the amount on hand Oct. 31, 1895. 

Of the amount on hand Oct. 31, 1897, the sum of $15,561.39 
is due to borrowers, and an additional sum of $243,896.43 is 
reported as sold, leaving uninvested $612,757.72, as against 
a similar item of $265,050.31 on Oct. 31, 1896, and of $504,- 
493.46 on Oct. 31, 1895. 

From this statement it would appear that there have been 
during the past few years larger sums paid into the co-opera- 
tive banks than can be loaned to advantage ; and unless the 
experience of the coming year, under the changed conditions 
of lower rates upon loans and possible lower rates at which 
profits will be distributed, should reduce the amount of unem- 
ployed capital, it may be requisite for all the banks to con- 
form to the custom already adopted in some, and reduce the 
number of shares issued, at the same time confining the number 
issued to a non-borrower to a lower limit than that now author- 
ized by statute. 

The items of unpaid interest and premiums, as shown in the 
balance sheet, are here consolidated for the purpose of com- 
parison with the previous year, inasmuch as some banks have 
abandoned the system of selling money at a premium, and, in 
lieu thereof, accept bids for the whole interest to be paid. As 
thus consolidated, the item shows an increase of $9,622.18 
over the corresponding items in the report of October, 1896. 

The aggregate of these items, as shown by the balance sheet, 



xvi REPORT OF THE [Pub. Doc. 

say $119,936.96, is an amount sufficiently large, taken in con- 
nection with other items in the sheet, such as real estate and 
mortgages held, to again raise the question whether there has 
not in the past been a lack of proper care on the part of 
some banks when making loans. 

As these items, together with the item of unpaid fines, are 
included in the earnings of the banks when a distribution of 
profits is made, it is requisite, in order to provide against in- 
ability to collect part of these items, that a proper amount of 
the earnings should remain undivided and credited to surplus 
account; and the fact that the sum of $190,682.59, an increase 
of $28,942.79 during the past year, appears in the balance 
sheet to the credit of such surplus, would seem to indicate that 
the banks as a whole had made due provision for such possible 
loss. 

The amount of unpaid dues shown in the balance sheet, say 
$21,529, does not correctly show the amount of dues actu- 
ally unpaid in all the banks, but is merely the amount given 
in the balance sheets of those banks which carry such an 
account on their general ledger; the total amount of dues 
unpaid in all the banks is $233,912, as against $236,764 in 
1896. 

This decrease, though comparatively small in amount, taken 
in connection with the fact that the items of unpaid interest 
and premiums have so largely increased, would seem to imply 
that the dues of non-borrowing members had been paid more 
promptly than in the year previous, while the borrowing 
members had been falling behind. 



No. 8.] SAVINGS BANK COMMISSIONERS. xvii 

Investments in Bonds. 
This item shows a decrease in amount of $32,519.52, as com- 
pared with the report of one year ago. The aggregate amount 
of such securities now standing on the books of the banks is 
$127,817.32, divided as follows : — 

Columbian Co-operative Bank, par value, $3,000, value on books, $3,217 83 
Haverhill » « » 73,000, " " 73,000 00 

JShirblehead " " " 3,000, " " - 3,085 93 

I\ I arl borough " " " 2,000, " " 2,061 00 

Sornerville " " " 44,000, " " 46,452 56* 



$125,000 $127,817 32 

This statement is, as a whole, very gratifying, inasmuch as 
four banks which last year held such securities to the amount of 
$33,571.42 have disposed of their entire holdings, and two 
other banks have reduced the amount held one year ago. 

The exception to the pleasing fact is in the case of the bank 
which the previous year held the largest amount, say $66,000, 
par value of such securities, and which has since increased its 
holdings to $73,000; this bank and the one holding now 
$44,000 par value of such bonds, in consequence of the reduc- 
tion of their earnings, caused by the low rate obtained for the 
money invested in such securities, have been obliged to lower 
the rate at which profits are distributed to five per cent, per 
annum, thus doing a direct injury to those of their members 
who are using the banks legitimately, and also, as we believe, 
an injury to the entire list of banks, in departing from the 
long-established methods which have heretofore guided the 
banks as a whole, and enabled them to succeed so admirably 
in aiding the " home seeker." 

In the opinion of this Board, as expressed in its last report, 
the holding of such securities is a departure from the funda- 
mental principles which govern all true building and loan 
associations wherever established ; these institutions are in- 
tended simply to furnish a safe method by which "home 
seekers " can co-operate in obtaining the object sought for by 
small periodical payments of interest and principal ; the co- 

* Including premium account of $2,452.56. 



xviii EEPOET OF THE [Pub. Doc. 

operative banks are not intended as depositories for those 
who merely wish to secure a large income from their money. 

The Board is of the opinion that legislation upon this matter 
is absolutely required, in order to keep these institutions up to 
the high standard they have heretofore held, and to have them 
remain the friends and allies of the poorer classes seeking to 
acquire a home, instead of falling into avenues through which 
lenders may obtain high rates for their money, to the detri- 
ment of the borrowing members, for whose interest the asso- 
ciations were intended. 

Real Estate held uxder Foreclosure of Mortgages. 

The item of real estate by foreclosure has nearly doubled 
during the past year, and now amounts to $531,041.25, — 
an excess over the corresponding item in our last report of 
$248,431.64. 

The following condensed statement shows the transactions in 
the aggregate, during the year covered by this report, in this 
particular class of assets : — 

Balance as shown in statement of Oct. 31, 1896, 143 estates, . $282,609 61 

Acquired during year, 246 estates, 486,506 91 

Expenses incurred on estates during the year, . . . 34,592 67 

Amounts paid to mortgagors and second mortgagees, . . 2,783 50 

Gains, 1,017 47 



17,510 16 
Less 135 estates disposed of during the year, . $257,311 22 

Rents, etc., received, 9,780 52 

Losses incurred by sales or charged off to 

cover depreciation, 9,243 43 

276,335 17 

Balance Oct. 31, 1897, 254 estates, $531,174 90 

The difference between the amount above stated and that 
shown in the balance sheet, say $133.65, is occasioned by the 
fact that in two banks there are debit balances and in four 
other banks credit balances of accounts waiting adjustment, 
but growing out of real estate transactions of the character 
under discussion. 

• While it is gratifying to note that the value of the real estate 
eliminated from this account during the year is nearly equal 
in amount to that held Oct. 31, 1896, at the same time due 



No. 8.] SAVINGS BANK COMMISSIONERS. xix 

consideration should be given to the fact that the item of 
* ' mortgages " held by the banks has increased in the sum of 
$51,922.58, and now amounts to $77,750.36 ; these mortgages 
represent a part of the sums realized for the real estate elimi- 
nated from foreclosure account. 

It is also greatly to be regretted that during the year the 
banks as a whole should not only have been obliged to assume 
the ownership of real estate to the amount of $486,506.91, but 
should also be required to expend rising $34,500 in taxes, in- 
surance and other expenses on the estates held, while in the 
same period the income from the property amounted to only 
$9,780.52. 

The property held under foreclosure is distributed through 
58 banks, and ranges from $384.05 in value in one bank to 
$46,559.16 in another. 

Of 254 estates, representing the holdings of the several 
banks, 168 estates, amounting to $346,679.21, are located in 
the towns and cities, or in their immediate vicinity where the 
banks are located; the other 86 estates, amounting to $184,- 
362.04, or about 35 per cent, of the whole, are in localities 
more or less distant from the bank. 

The amounts held by the banks, as shown by the reports of 
the present decade, have been as follows : — 



In 1890, 


. $49,833 19 


In 1894, 


. $139,136 92 


1891, 


. 67,556 86 


1895, 


. 184,550 28 


1892, 


. 98,480 99 


1896, 


. 282,609 61 


1893, 


. 105,197 75 


1897, 


. 531,041 25 



Taking all these facts into consideration, the question nat- 
urally arises, What is the cause of such a condition of affairs ; 
is there a defect in the laws relating to co-operative banks, or 
is it the fault of the officers of some of the banks ? 

In answer to the question raised, it will be said by some that 
the law is defective : first, in not limiting loans to a certain 
proportion of the value of the property ; second, in not pro- 
viding that the property loaned upon shall be located within a 
certain radius from the office of the bank ; and, third, in per- 
mitting loans to be made to a party before he shall have been a 
member a certain specified time, thus creating a margin, though 
it might be small, on the loan at the outset ; this would also 



xx REPORT OF THE [Pub. Doc. 

have a tendency of keeping undesirable applicants from seeking 
out banks with surplus funds to sell, and undertaking to place 
loans therein. 

Others will answer that, if the officers of all the banks would 
be as conservative in action and as judicious in making loans as 
are many of them, the present large holdings of real estate 
would not have occurred. 

This Board is inclined to agree with the last answer, and is 
of the opinion that at present legislation upon this matter is not 
required. The Board believes that the object lesson presented 
by the present condition of affairs cannot fail to arouse the less 
conservative officers of banks to the necessity of so managing 
the trusts imposed upon them that the need of legislation, if 
any now exists, will be obviated by their own action in the con- 
duct of the business intrusted to their charge. 

Co-operation on the part of all the banks in declining to 
encroach upon one another's territories, either for loans or for 
members, and in agreeing to refuse all loans to real estate 
operators or to speculative builders, confining their loans to 
their own immediate neighborhood and to borrowers seeking, 
not a profitable venture, but a home for their family, would go 
far to prevent a recurrence of present conditions. 

In this connection we beg to renew our suggestion of last 
year, that the law requiring the banks to sell all real estate 
acquired by them wdthin five years from the acquisition of the 
title thereto should be amended to conform to a similar law 
regarding real estate acquired by savings banks ; and, as the 
phraseology of the law in relation to the sale of real estate by 
co-operative banks is, in part, ambiguous, it is suggested that 
the entire section be amended. 

Intekest on Loans. 

The reports for the past year are the second in which the 
banks have given the amount of loans at each specified rate of 
interest. 

The returns for the year ending October 31 last have been 
consolidated, and are shown in the table on page 264 ; in the 
compilation of that table the rates returned by some banks at 
a certain rate of premium over six per cent, per annum are 
consolidated with those made by others at a fixed rate of 
interest corresponding thereto. 



No. 8.] SAYINGS BANK COMMISSIONERS. xxi 

The average rate of interest on real estate loans now pend- 
ing is 6.25+ per cent., and that on share loans is 6.227 + 
per cent. ; the average rates given in the report for 1896 were 
6.295+ on real estate loans and 6.293+ on share loans. 

During the year the rates for money in the open market have 
ruled so low that in some instances loans held by the banks 
have been repaid, or the amount thereof rebid at a rate lower 
than that originally stipulated ; in other instances, would-be 
borrowers are believed to have obtained money from individ- 
uals or other monied institutions at lower rates than the banks 
could make under their by-laws. 

In order to meet the changed conditions, several banks have 
made changes in their by-laws, and adopted that provision of 
statute which permits loans to be made at a rate of interest as 
low as five per cent, per annum ; still other banks have the 
matter under consideration. 

An investigation of the table referred to discloses the fact, 
however, that, of the loans outstanding when the reports were 
made, only a very small part were at a lower rate of interest 
than six per cent. ; therefore, while the rate of five per cent, 
may be adopted as the minimum at which loans can be made, 
it may be found that a demand will exist for all the money 
the banks in question have to sell, especially if they will adopt 
a rule limiting the number of shares issued to non-borrowers 
to a smaller number than has been their custom in the past. 

The result of these changes must be to reduce the earnings 
of the banks, and perforce, sooner or later, likewise lower 
rates in distribution of profits ; this in turn will extend the 
time within which shares will reach maturity. 

Should a reduction in the rate of dividends cause the with- 
drawal from the banks of some of the money paid in by those 
holding a considerable number of shares, who are using these 
associations simply as an avenue through which t receive a 
large income on their investment, it might not be to the dis- 
advantage of either the members as a whole, or of that par- 
ticular portion who are borrowers ; inasmuch as, under the 
practical working of co-operative bank business, the payment 
of a moderately high rate for a shorter period is cheaper in the 
end than the payment of a lower rate for a longer time. 

The attention of the commissioners has been called to the 



xxii REPORT OF THE [Pub. Doc. 

fact that, as a reduction in the rates at which money is sold 
will probably lead to a reduction in rates at which profits will 
be apportioned in the future, the statute (fixing the rate of 
interest to be paid on shares retired or matured between the 
date of adjustment of profits) requires to be changed ; we 
therefore suggest that the statute now reading " six per cent, 
per annum " should be amended so as to read, " the rate at the 
last preceding adjustment of profits." 

WITHDRAWAL PROFITS. 

This matter has been fully discussed in several of our recent 
reports, and the Board sees no reason to change its opinion, as 
expressed in its last report ; and it hopes that the bill defeated 
at the last session of the General Court may be enacted into 
law at the present session. 

The question is being agitated at the present time among the 
banks ; some have adopted changes in their by-laws very greatly 
reducing the proportion retained, and still others are proposing 
similar action. 

If there be any just reason, as is claimed by many banks, for 
keeping back a small proportion during the first five years after 
the issue of a series of shares, there is certainly no good rea- 
son why a deduction should be made when shares are with- 
drawn or forfeited after that time ; inasmuch as the statute now 
requires that, when a series of shares reaches that age, a cer- 
tain portion shall be retired and the entire profits previously 
credited thereto be paid in full. It seems unjust, therefore, 
that one set of shareholders who are required to withdraw 
should be paid in full, while an equally deserving but less 
fortunate set, otherwise in exactly the same position, should 
be mulcted in a considerable sum because necessity required 
them to voluntarily withdraw. 

Bonds of Officers. 

As stated in the last report of this Board, there is a question 
as to the powers and duties of the Board in relation to this 
matter ; and, while heretofore the various banks have usually 
complied readily with the requirements of the Board, which 
have been the same as the statute authorizes it to require of 



No. 8.] SAVINGS BANK COMMISSIONERS. xxiii 

savings banks, it is, we believe, nevertheless essential that a 
law be enacted similar to that now on the statute books regard- 
ing: the officers of savings banks. 



The commissioners have devoted much time and thought to 
the various questions concerning co-operative banks which are 
presented in this report, and their comments and suggestions are 
made not from any antagonism on their part to the principles 
embodied in the statutes or to the banks as a whole, but are 
the result of the experience derived from their contact with the 
officials of all the banks as well as with those interested simply 
as shareholders or borrowers, and are presented for what is 
believed to be the best interests of the banks as a whole. The 
sole desire of the commissioners is to place and keep the co- 
operative bank system up to that high standard originally fixed 
for such institutions. If this be accomplished, it will probably 
be the means of preventing hostile legislation in the years to 
come, springing up at the hands of those who, neither under- 
standing nor regarding the worth of the institutions, might 
have the strength to secure such legislation. 



xxiv REPORT OF THE [Pub. Doc. 



COLLATERAL LOAN COMPANIES. 



There are now three companies of this character doing busi- 
ness in this Commonwealth, viz. : — 

The Collateral Loan Company of Boston, 

The Workingmen's Loan Association of Boston, and 

The Worcester Collateral Loan Association of Worcester. 

The first-named company has found it advisable to discon- 
tinue its branch office, and the entire business of the com- 
pany is now transacted at its office on Tremont Street. The 
number of loans made by this company during the year ending 
Oct. 31, 1897, was 50,413, amounting to $790,944, — an aver- 
age to each of $15.69 ; the total number of outstanding loans 
on the above date was rising 23,000, amounting to $362,854.73, 
— an increase of $42,256.01 over the amount outstanding Oct. 
31, 1896. The capital of this company has been increased 
during the year $3,100, and now stands at $200,000. 

The Workingmen's Loan Association has increased its capital 
during the year in the sum of $10,600, the total capital at the 
date of its annual report being $102,600; the number of out- 
standing loans at the same date was 2,402, amounting to 
$162,318.73, — an increase of $21,987.38 over the amount 
outstanding Oct. 31, 1896. 

The Worcester Collateral Loan Association commenced busi- 
ness Nov. 10, 1896, and at the date of its annual return had 
377 loans outstanding, amounting to $24,239.60; its original 
capital of $10,000 was increased during the year to $20,000. 
The loans of this company are almost entirely upon mortgages 
of furniture, and it appears to meet a want which had previously 
existed in Worcester for such an institution. 

All three of the companies have been examined by an expert 
selected by this Board, and the annual return of each is 
approved by the State director of the company as required by 
statute. 



No. 8.] SAVINGS BANK COMMISSIONERS. xxv 



MOKTGAGE LOAN COMPANIES. 



The National Moetgage and Debenture Company. 

The condition of affairs in this company shows little change 
from that of a year ago. The bondholders, through a com- 
mittee of their number, are managing the securities held in 
pledge as security for the bonds, and the officers of the com- 
pany, acting in conjunction with the bondholders' committee, 
are looking after the interests of the stockholders in the other 
assets. 

Globe Investment Company. 

The receiver of this company has been required to do a very 
large amount of business in his efforts to harmonize various 
interests and to do justice to all. 

Since his appointment he has collected in cash nearly $100,- 
000, of which sum he had, at the date of his report to the 
court, say Dec. 1, 1897, in cash $17,026.44; he also held 
other assets of the value of about $12,000 more. 

The receiver is satisfied "that a long continuance of this 
receivership for the purpose of adding to the assets of the 
company will not be productive of good results," and he is 
therefore endeavoring to bring to a settlement as many of the 
contingent matters as possible. 

The relations of the company with the Globe Investment 
Company of Nebraska have been examined into, and action 
has recently been taken looking to a settlement thereof, but 
thus far no definite result has been obtained. 

The president of the company was sentenced to not less than 
five nor more than eight years' imprisonment in the State 
Prison, and is now serving out his sentence. 



xxvi REPORT OF THE [Pub. Doc. 



FOEEIGN COMPANIES, 



The only company now doing business in this Commonwealth 
in a manner similar to that of our co-operative banks is the 

Minnesota Saving Fund and Investment Company of Minne- 
apolis, Minn. 

This company had on deposit in the State treasury on Oct. 
31, 1897, the sum of $65,152.06, which is held for the benefit 
of its shareholders in this Commonwealth. 

The Security Savings and Loan Association of Minne- 
apolis . 

Reference was made in our last report to the condition of 
affairs then existing in the above-named company. Soon after 
that report was issued the company was notified to discontinue 
the transaction of any new business in this Commonwealth. A 
few weeks later the treasurer of the company had a conference 
with this Board, and a meeting was called of the shareholders 
resident in this Commonwealth, at which this Board was repre- 
sented by its chairman ; and it was suggested by him to those 
present that they ought not to pay any more money into the 
concern, and, in order to protect their existing interests, should 
give notice of their wish to withdraw their investments. 

Since that time efforts were made to voluntarily liquidate the 
business of the company under the direction of the State 
examiner of Minnesota; but this course failed, and in Novem- 
ber last the State court of Minnesota declared the company 
insolvent, and appointed Hon. Robert G. Russell of Minne- 
apolis as receiver. 

Petition having been made by a resident shareholder for the 
appointment of a receiver in this Commonwealth to distribute 
the sum deposited in the State treasury, say $72,359.41, to 
those entitled thereto, this matter came up for a hearing in the 
superior court at the January term, the receiver, Mr. Russell, 
being present and represented by counsel ; and thereupon the 



No. 8.] SAVINGS BANK COMMISSIONERS. xxvii 

court, by agreement of all interested, suggested the appoint- 
ment of a master to receive claims and report to the court. 
Henry A. Wyman, Esq., was subsequently appointed as mas- 
ter, and all shareholders resident in this Commonwealth have 
been notified to present their claims to him on or before April 
1 next. 

The receiver expressed the hope that he might recover 
enough from the assets in his hands to eventually pay fifty or 
sixty per cent, of all claims upon the company ; this, however, 
will depend upon the success attending the conversion of these 
assets into cash. 

The American Building, Loan and Investment Society 

of Chicago. 
The condition of this society is about as was stated in our 
previous report ; dividends of twenty per cent, have been paid 
to all its shareholders ; future dividends, if any, will depend 
upon the result of litigation now going on. 

Conclusion. 
On the following pages will be found the financial statements 
and statistics of the several institutions. 

The Appendix to the report contains the statutes relating 
to co-operative banks and mortgage loan and investment 
companies. 

STARKES WHITON, 
WILLIAM D. T. TREFRY, 
WARREN E. LOCKE, 

Board of Commissioners of Savings Banks. 



AESTEACT OF ANNUAL REPORTS 



OF THE 



CO-OPERATIVE BANKS, 



SHOWING THEIR 



CONDITION AT CLOSE OF BUSINESS 

October 30, 1897. 



REPOKT OF THE 



[Pub. Doc. 



ACTTSHNET CO-OPERATIVE BANK — NEW BEDFORD. 



Incorporated Nov. 15, 1889. Commenced business Nov. 16, 1889. 
Ruftts A. Sotjle, President. Charles R. Price, Secretary. 

Edgar Lord, Treasurer. 



Names of security committee : 

Lot B. Bates, Jasper W. Braley, 

William A. Kirbt. 



Regular meetings the fourth Saturday of each month. 



Balance Sheet October 30, 1897. 



Assets. 


Liabilities. 


Loans on real estate, 


$131,675 00 


1 
Dues capital, 


$122,304 00 


Loans on shares, . 


9,200 00 


Profits capital (all series), . 


21,380 63 


Permanent expense account, 


70 20 


Guaranty fund, . 


704 74 


Suspense account, 


9 00 


Profit and loss account, 


827 62 


Unpaid interest, 


876 45 


Forfeited share account, 


43 68 


Unpaid dues, 


1,492 00 


: Uncompleted mortgage loans, 


2,950 00 


Unpaid fines, 


93 82 


Personal accounts, 


7 87 


Personal accounts, 


23 46 






Cash in hands of secretary, . 


224 17 






Cash in hands of treasurer, . 


4,554 44 








$148,218 54 


$148,218 54 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Receipts. 


DlSBUKSEHEXTS. 


From dues capital, 


$36,043 00 


For real estate loans, . 


$38,400 00 


interest, 


7,991 56 


share loans, . 


6,170 00 


fines, .... 


220 51 


dues capital withdrawn, 


20,610 00 


transfer fees, 


50 


dues capital forfeited, . 


36 00 


real estate loans repaid, 


29,250 00 


dues capital retired, 


8,832 00 


share loans repaid, 


8,420 00 


profits capital withdrawn, 


3,215 34 


withdrawal profits, 


337 36 


profits capital forfeited, 


5 50 


forfeiture profits, 


1 76 


profits capital retired, . 


2,079 52 


forfeited shares, . 


8 90 


temporary expenses, 


830 76 


profit and loss, . 


2 00 


permanent expenses, 


50 20 


personal accounts, 


118 79 


interest on retired shares, 


138 86 


Cash on hand Oct. 31, 1896, . 


2,928 79 


suspense account, . 


4 00 






personal accounts, 


172 38 






Cash on hand Oct. 30, 1897, . 


4,778 61 




$85,323 17 


$85,323 17 



No. 8.] SAVINGS BANK COMMISSIONERS. 



Total Amount of Loans at Specified Bates of Interest. 



Loans on Real Estate. 


Loans on Shares. 


Amount. 


Rate. 


Amount. 


Rate. 


Amount. 


Rate. 


$92,950 00 


6.06 per cent. 


$1,925 00 


6.48 per cent. 


$8,020 00 


6.06 per cent. 


7,700 00 


6.12 " 


925 00 


6.54 " 


420 00 


6.12 " 


5,200 00 


6.18 " 


2,375 00 


6.60 " 


130 00 


6.36 


2,400 00 


6.24 " 


4,550 00 


6.66 " 


50 00 


6.54 " 


3,850 00 


6.30 " 


900 00 


6.90 " 


60 00 


6.66 " 


4,700 00 


6.36 " 


275 00 


7.50 " 


380 00 


7.02 " 


3,925 00 


6.42 " 






20 00 
120 00 


7.08 
7.26 



Reconciliation of Share Account with Dues and Profits Capital. 



Date of 


CO 




a . 

CO O 


6 






Issue. 








03 >■ 
O 








m 


> 


X 


Eh 






Nov., 1889, . 


1 


$123 15 


156 


$19,211 40 


Dues capital, as per gen- 




May, 1890, . 


2 


113 58 


174 


19,762 92 


eral ledger. 


$122,304 00 


Nov., 1890, . 


3 


104 32 


92 


9,597 44 


Profits capital, as per 




May, 1891, . 


4 


95 34 


105 


10,010 70 


general ledger, . 


21,380 63 


Nov., 1891, . 


5 


86 62 


172 


14,898 64 






Mav, 1892, . 


6 


78 16 


90 


7,034 40 






Nov., 1892, . 


7 


69 96 


181 


12,662 76 






May, 1893, . 


8 


61 99 


101 


6,260 99 






Nov., 1893, . 


9 


54 26 


75 


4,069 50 






May, 1894, . 


10 


46 75 


147 


6,872 25 






Nov., 1894, . 


11 


39 47 


175 


6,907 25 






May, 1895, . 


12 


32 39 


195 


6,316 05 






Nov., 1895, . 


13 


25 52 


303 


7,732 56 






May, 1896, . 


14 


18 85 


297 


5,598 45 






Nov., 1896, . 


15 


12 38 


394 


4,877 72 






May, 1897, . 


16 


6 10 


296 


1,805 60 
66 00 


Total, 




Dues paid in 


adva 


nee, . 


• 




Total, 


$143,684 63 


$143,684 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 forfeited during the year, . 

Number of shares retired during the year, 

Highest premium received during the year, . 

Lowest premium received 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, .... 

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: July 12. 



792 




2,953 




1,051 




25 




608 




12 




101 




. 


$0 17 


. 


01 


82 




411 




123 




288 




81 




42 




. 


5,000 00 


. 


10 00 


J7, • 


830 76 



REPORT OF THE 



[Pub. Doc. 



ADAMS CO-OPERATIVE BANK — ADAMS. 



Incorporated Dec. 17, 1895. Commenced business March 10, 1896. 
A. B. Mole, President. Frank. Haxlox, Secretary and Treasurer. 



Names of security committee : 

E. BrRLixGAME, S. L. A. Hall, 

George B. Adams. 



Regular meetings the second Tuesday of each month. 



Balance Sheet October 30, 1897, 



Assets. 


Liabilities. 


Loans on real estate, 
Loans on shares, . 
Permanent expense account, 
Cash in hands of treasurer, . 


$12,580 00 
507 00 i 
188 08 1 
21 57 ! 


Dues capital, 

Profits capital (all series), . 
Withdrawal profits, 
Guaranty fund, . 
Surplus, .... 
Forfeited share account, 


812,752 00 

511 51 

1 28 

6 18 

68 

25 00 




§13,296 65 


$13,296 65 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31,1897. 



Receipts. 




From dues capital, 


$9,178 00 


interest, 


519 25 


fines, .... 


25 09 


real estate loans repaid, 


200 00 


share loans repaid, 


210 00 


withdrawal profits, 


1 28 


forfeited shares, . 


25 00 


Cash on hand Oct. 31, 1896, . 


97 47 




|10,266 09 



Disbursements. 



For real estate loans, . 
share loans, . 
dues capital withdrawn, 
dues capital forfeited, . 
profits capital withdrawn, 
temporary expenses, 
permanent expenses, 

Cash on hand Oct. 30, 1897, 



S8,930 00 

697 00 

472 00 

25 00 

9 37 

76 15 

25 00 

21 57 

$10,256 09 



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. 


$12,580 00 


6 per cent. 


- 


- 


$507 00 


6 per cent. 



Reconciliation of Share Account with Dues and Profits Capital. 



Date of 

Issue. 


GQ 
V 


O-1-c 

I 00 
> 


a ■ 

fig 

A 


a 

oSt> 
O 
EH 




Mar., 1896, . 
Nov., 1896, . 
May, 1897, . 


1 

2 
3 


$20 91 

12 34 

6 09 


475 
186 
178 


$9,932 25 
2,295 24 
1,084 02 

17 00 


Dues capita], as per gen- 
eral ledger, 

Profits capital, as per 
general ledger, . 

Unpaid dues, 

Total, . . 


$12,752 00 

511 51 
65 00 


Dues paid in advance, . 




Total, . 






• 


$13,328 51 


$13,328 51 



Number of shares issued during the year, 391 

Number of shares now in force, 839 

Number of shares now borrowed upon, • . 124 

Largest number of shares held by any one member, .... 25 

Number of shares withdrawn during the year, 51 

Number of shares forfeited during the year, 3 

Highest per centum of interest received during the year : 6. 
Lowest per centum of interest received during the year: 6. 
Number of members withdrawn during the year, . . . . .17 

Present number of members, 162 

Present number of borrowers, . . .21 

Present number of non-borrowers, . . 141 

Number of loans secured by first mortgage of real estate, ... 12 

Number of loans on shares, 9 

Largest loan to any one member, . $2,400 00 

Smallest loan to any one member, 12 00 

Amount of expenses of the corporation for the year ending Oct. 31, 1897, . 83 55 

Date of examination by commissioner : May 20. 



KEPORT OF THE 



[Pub. Doc. 



ALLSTON CO-OPERATIVE BANK — BOSTON. 



Incorporated April 8, 1887. Commenced business April 9, 1887. 

Homer Rogers, President. George F. Taft, Secretary. 

Frederick Hammond, Treasurer. 



Names of security committee : 

S. W. Brown, Jr., Frederick Hammond, 

I. F. Woodbury. 



Regular meetings the second Saturday of each month. 



Balance Sheet October 30, 1897. 



Assets. 



Loans on real estate, 
Loans on shares, . 
Fermanent expense account 
Temporary expense account 
Real estate by foreclosure, 
Unpaid interest, 
Unpaid premiums, 
Unpaid fines, . 
Cash in hands of secretary, 
Cash in hands of treasurer, 



$384,626 93 

33,160 00 

592 66 

622 39 

30,651 35 

2,992 75 

154 04 

357 06 

95 92 

12,198 29 



,451 39 



Liabilities. 



Dues capital, 

Profits capital (all series) , 

Interest, 

Premiums, . 

Fines, . 

Transfer fees, 

Withdrawal profits, 

Forfeiture profits, 

Guaranty fund, . 

Surplus, 

Forfeited share account, 

Security committee, 



$383,164 00 


68,473 37 


8,234 19 


432 56 


357 66 


1 75 


409 45 


20 49 


2,677 11 


1,485 18 


156 37 


39 26 


$465,451 39 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Eeceipts. 


Disbursements. 


From dues capital, 


$103,630 00 


For real estate loans, . 


$89,007 93 


interest, 


24,110 86 


share loans, . 


29,470 00 


premiums, . 


1,315 38 


dues capital withdrawn, 


48,099 00 


fines, .... 


1,138 11 


dues capital forfeited, . 


1,073 00 


transfer fees, 


6 75 


dues capital retired, 


38,252 00 


real estate loans repaid, 


63,407 00 


profits capital withdrawn, 


5,823 54 


real estate loans elimi- 




profits capital forfeited, 


90 76 


nated by foreclosure, 


21,100 00 


profits capital retired, . 


10,766 21 


share loans repaid, 


25,790 00 


temporary expenses, 


2,381 83 


withdrawal profits, 


1,183 04 


foreclosures, . 


22,693 36 


forfeiture profits, . 


22 70 


security committee, 


36 24 


forfeited shares, . 


10 30 


Cash on hand Oct. 30, 1897, 


12,294 21 


expense, rents, etc., 


296 90 






foreclosures, 


10,440 96 






security committee, 


75 50 






Cash on hand Oct. 31, 1896, . 


7,460 58 








$259,988 08 


$259,988 08 



No. 8.] SAVINGS BANK COMMISSIONERS. 



Total Amount oj Loans at Specified Bates of Interest. 





Loans on Real Estate. 




Loans on Shares. 


Amount. 


Rate. 


Amount. 


Rate. 


Amount. 


Rate. 


$375,226 93 
3,000 00 
1,200 00 


6.30 per ceut. 
6.60 " 
6.90 " 


$4,200 00 
1,000 00 


7.20 per cent. 
7.50 


$33,110 00 
50 00 


6.30 per cent. 
6.60 



Reconciliation of Share Account with Dues and Profits Capital. 



Date of 


05 


Q.O) 


a . 


<6 

a 






Issue. 


'ft* 




§Eh 


o 








cc 


> 


QQ 


H 






Apr., 1887, . 


1 


$175 71 


70 


$12,299 70 


Dues capital, as per gen- 




July 


1887, . 


2 


170 07 


55 


9,353 85 


eral ledger, 


$383,164 00 


Jan., 


1888, . 


3 


158 99 


112 


17,806 88 


Profits capital, as per 




July 


1888, . 


4 


148 30 


138 


20,465 40 


general ledger, . 


68,473 37 


Jan., 


1889, . 


5 


137 89 


259 


35,713 51 


Unpaid dues, 


4,287 00 


July 


1889, . 


6 


127 85 


200 


25,570 00 






Jan., 


1890, . 


7 


118 15 


147 


17,368 05 






July 


1890, . 


8 


108 79 


117 


12,728 43 






Jan., 


1891, . 


9 


99 69 


338 


33,695 22 






July 


1891, . 


10 


90 86 


398 


36,162 28 






Jan. 


1892, . 


11 


82 32 


362 


29,799 84 






July 


, 1892, . 


12 


74 04 


270 


19,990 80 






Jan., 


1893, . 


13 


66 02 


481 


31,755 62 






July 


, 1893, . 


14 


58 25 


428 


24,931 00 






Jan., 


1894, . 


15 


50 73 


481 


24,401 13 






July 


, 1894, . 


16 


43 43 


435 


18,892 05 






Jan. 


1895, . 


17 


36 37 


898 


32,660 26 






July 


, 1895, . 


18 


29 52 


413 


12,191 76 






Jan. 


1896, . 


19 


22 85 


794 


18,142 90 






July 


, 1896, . 


20 


16 38 


603 


9,877 14 






Jan. 


1897, . 


21 


10 10 


931 


9,403 10 






July 


, 1897, . 


22 


4 00 


592 


2,368 00 
347 00 






Dues paid in adya 


nee, . 






Suspense profits, 


• 


• 


45 


Total, 




r 


rotal, 




$455,924 37 


$455,924 37 



Number of shares issued during the year, 1,738 

Number of shares now in force, 8,522 

Number of shares now borrowed upon, 2,515 

Largest number of shares held by any one member, .... 25 
Number of shares withdrawn during the year, .... 1,762 

Number of shares forfeited during the year, 113 

Number of shares retired during the year, 429 

Highest premium received during the year, $0 05 

Lowest premium received during the year 05 

Number of members withdrawn during the year, . .. . . . 172 

Present number of members, 829 

Present number of borrowers, . 203 

Present number of non-borrowers, 626 

Number of loans secured by first mortgage of real estate, . . . 170 

Number of loans on shares 68 

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, 1897, . 2,223 94 
Date of examination by commissioner : April 16. 



REPOKT OF THE 



[Pub. Doc. 



AMESBURY CO-OPERATIVE BANK — AMESBURY. 



Incorporated April 10, 1886. Commenced business May 1, 1886. 
William W. Hawkes, President. Porter Sargent, Secretary and Treasurer, 



Names of security committee : 

Wm. W. Hawkes, Richard E. Briggs, 

John Currier. 



Regular meetings the first Monday of each month. 



Balance Sheet October 30, 1897. 



Assets. 


Liabilities. 


Loans on real estate, 
Loans on shares, . 
Unpaid interest, . 
Unpaid premiums, 
Cash in hands of treasurer, . 


$76,215 00 

3,465 00 

1,184 77 

75 61 

16,092 87 


Dues capital, 

Profits capital (all series), . 
Guaranty fund, . 
Surplus, .... 


$75,732 00 

17,805 17 

1,228 78 

2,267 30 




$97,033 25 


$97,033 25 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Eeceipts. 




Disbursements. 




From dues capital, 


$18,555 00 


For real estate loans, . 


$16,275 00 


interest, 


5,508 63 


share loans, . 


1,690 00 


premiums, . 


340 69 


dues capital withdrawn, 


9,333 00 


fines, .... 


232 45 


dues capital retired, 


11,738 00 


transfer fees, 


75 


profits capital withdrawn, 


2,066 56 


real estate loans repaid, 


22,450 00 


profits capital retired, . 


2,120 76 


share loans repaid, 


1,125 00 


temporary expenses, 


714 68 


withdrawal profits, 


211 02 


Cash on hand Oct. 30, 1897, 


16,092 87 


Cash on hand Oct. 31, 1896, . 


11,607 33 








$60,030 87 


$60,030 87 



No. 8.] SAVINGS BANK COMMISSIONERS. 



Total Amount of Loans at Specified Bates of Interest. 





Loans on Eeal Estate. 




Loans 


3N Shares. 


Amount. 


Kate. 


Amount. 


Rate. 


Amount. 


Rate. 


$61,665 00 
12,750 00 


6.30 per cent. 
6.60 


$800 00 
1,000 00 


6.90 per cent. 
7.50 


$3,115 00 
350 00 


6.30 per cent. 
6.60 " 



Reconciliation of Share Account with Dues and Profits Capital. 



Date of 


CO 


u 

P,CB 


.2 

CO CU 

V o 


s 






Issue. 


'E 


£% 


« o 


<&> 








CD 


eSCO 


•cEr 


o 








CO 


' > 


CO 


H 






May, 1886, . 


1 


$197 68 


26 


$5,139 68 


Dues capital, as per gen- 




Nov., 1886, . 


2 


186 01 


19 


3,534 19 


eral ledger, . 


$75,732 00 


May, 1887, . 


3 


174 68 


45 


7,860 60 


Profits capital, as per 




Nov., 1887, • 


4 


163 68 


43 


7,038 24 


general ledger, . 


17,805 17 


May, 1888, . 


5 


153 00 


35 


5,355 00 


Unpaid dues, 


1,522 00 


Nov., 1888, . 


6 


142 63 


50 


7,131 50 






May, 1889, . 


7 


132 56 


42 


5,567 52 






Nov., 1889, . 


8 


122 79 


5 


613 95 






May, 1890, . 


9 


113 30 


53 


6,004 90 






Nov., 1890, . 


10 


104 09 


20 


2,081 80 






May, 1891, . 


11 


95 15 


34 


3,235 10 






Nov., 1891, . 


12 


86 48 


30 


2,594 40 






May, 1892, . 


13 


78 06 


64 


4,995 84 






Nov., 1892, . 


14 


69 87 


68 


4,751 16 






May, 1893, . 


15 


61 92 


61 


3,777 12 






Nov., 1893, . 


16 


54 20 


112 


6,070 40 






May, 1894, . 


17 


46 73 


159 


7,430 07 






Nov., 1894, . 


18 


39 46 


21 


828 66 






May, 1895, . 


19 


32 39 


29 


939 31 






Nov., 1895, . 


20 


25 52 


203 


5,180 56 






May, 1896, . 


21 


18 85 


143 


2,695 55 






Nov., 1896, . 


22 


12 38 


59 


730 42 






May, 1897, . 


23 


6 10 


232 


1,415 20 
88 00 


Total, 




Dues paid in 


adva 


nee, . 


• 




Total, 


$95,059 17 


$95,059 17 



Number of shares issued during the year, 305 

Number of shares now in force, , 1,553 

Number of shares now borrowed upon, 499 

Largest number of shares held by any one member, .... 25 

Number of shares withdrawn during the year, 231 

Number of shares retired during the year, 180 

Highest premium received during the year, $0 05 

Lowest premium received during the year, 05 

Number of members withdrawn during the year, 53 

Present number of members, 282 

Present number of borrowers, 72 

Present number of non-borrowers, 210 

Number of loans secured by first mortgage of real estate, ... 63 

Number of loans on shares, 9 

Largest loan to any one member, 2,900 00 

Smallest loan to any one member, 50 00 

Amount of expenses of the corporation for the year ending Oct. 31, 1897, . 714 68 

Date of examination bv commissioner : June 24. 



10 



REPORT 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, O. B. Marston, 

L. C. Tyler. 



Regular meetings the second Tuesday of each month. 



Balance Sheet October 30, 1897. 



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, . 


$155,850 00 

2,870 00 

403 66 

2,636 03 

233 43 

3 75 

32 25 

1,143 76 


Dues capital, 

Profits capital (all series), . 
Guaranty fund, . 
Surplus, .... 
Forfeited share account, 


$137,759 00 

23,872 18 

348 83 

1,187 07 

5 80 




$163,172 88 


$163,172 88 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Receipts. 


Disbursements. 


From dues capital, 


$40,859 00 


For real estate loans, . 


$48,325 00 


interest, 


9,582 73 


share loans, . 


4,195 00 


premiums, . 


294 17 


dues capital withdrawn, 


21,315 00 


fines, .... 


179 27 


dues capital forfeited, . 


117 00 


transfer fees, 


2 50 


dues' capital retired, 


8,191 00 


real estate loans repaid, 


31,200 00 


profits capital withdrawn, 


2,231 09 


real estate loans elimi- 




profits capital forfeited, 


4 94 


nated by foreclosure, 


2,600 00 


profits capital retired, . 


2,064 31 


share loans repaid, . 


4,030 00 


temporary expenses, 


765 81 


withdrawal profits, 


608 43 


interest on retired shares, 


196 16 


forfeiture profits, 


1 30 


real estate by foreclosure, 


2,636 03 


Cash on hand Oct. 31, 1896, . 


1,827 70 


Cash on hand Oct. 30, 1897, . 


1,143 76 




$91,185 10 


$91,185 10 



No. 8.] SAVINGS BANK COMMISSIONERS. 



11 



Total Amount of Loans at Specified Rates of Interest. 



Loans on Real Estate. 



Amount. 



.19,250 00 

17,300 00 

11,000 00 

4,350 00 



Rate. 



6.00 per cent. 
6.30 " 
6.60 
6.90 



Amount. 



$1,950 00 

500 00 

500 00 

1,000 00 



Rate. 



7.20 per cent. 
7.50 " 
8.40 " 
8.70 



Loans on Shares. 



Amount. 



!,360 00 

450 00 

60 00 



Rate. 



6.00 per cent. 
6.60 " 
8.70 " 



Reconciliation of Share Account with Dues and Profits Capital. 



Date of 


. 






l 
alue. 






Issue. 




> 3.C 


OS Cu 


03 P- 
■M 

o 








go 


> 


go 


H 






Nov., 1889, . 


1 


$123 64 


146 


$18,051 44 


Dues capital, as per gen- 




May, 1890, . 


2 


114 05 


164 


18,704 20 


eral ledger, . 


$137,759 00 


Nov., 1890, . 


3 


104 72 


102 


10,681 44 


Profits capital, as per 




May, 1891, . 


4 


95 67 


80 


7,653 60 


general ledger, . 


23,872 18 


Nov., 1891, . 


5 


86 87 


120 


10,424 40 


Unpaid dues, . 


483 00 


May, 1892, . 


6 


78 35 


259 


20,292 65 






Nov., 1892, . 


7 


70 07 


141 


9,879 87 






May, 1893, . 


8 


62 05 


147 


9,121 35 






Nov., 1893, . 


9 


54 28 


335 


18,183 80 






May, 1894, . 


10 


46 75 


158 


7,386 50 






Nov., 1894, . 


11 


39 46 


186 


7,339 56 






May, 1895, . 


12 


32 39 


223 


7,222 97 






Nov., 1895, . 


13 


25 52 


245 


6,252 40 






May, 1896, . 


14 


18 85 


276 


5,202 60 






Nov., 1896, . 


15 


12 38 


285 


3,528 30 






May, 1897, . 


16 


6 10 


331 


2,019 10 
170 00 


Total, 




Dues paid in 


advance, . 


• 




Total, 


• 


• 


$162,114 18 


$162,114 18 



Number of shares issued during the year, 653 

Number of shares now in force, 3,198 

Number of shares now borrowed upon, 955 

Largest number of shares held by any one member, .... 25 

Number of shares withdrawn during the year, 613 

Number of shares forfeited during the year, 13 

Number of shares retired during the year, 95 

Highest per centum of interest received during the year, 8 7-10. 

Lowest per centum of interest received during the year, 6. 

Number of members withdrawn during the year, . . . . .63 

Present number of members, . . . . 385 

Present number of borrowers, 92 

Present number of non-borrowers, 293 

Number of loans secured by first mortgage of real estate, ... 77 

Number of loans on shares, 17 

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, 1897, . 809 97 

Date of examination by commissioner: April 29. 



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. Fat, Arthur F. Tyler. 



Regular meetings the third Monday of each month. 



Balance Sheet October 30, 1897. 



Assets. 


Liabilities. 


Loans on real estate, 
Loans on shares, . 
Permanent expense account, 
Unpaid interest, . 
Unpaid premiums, 
Unpaid fines, 
Cash in hands of treasurer, . 


$73,905 00 

5,495 00 

100 00 

711 53 

3 70 

84 84 

3,280 98 


Dues capital, 

Profits capital (all series), . 
Guaranty fund, . 
Surplus, .... 
Forfeited share account, 


$69,229 00 

12,961 51 

223 75 

1,165 21 

1 58 




$83,581 05 


$83,581 05 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Receipts. 


Disbursements. 


From dues capital, 


$18,913 00 


For real estate loans, . 


$21,625 00 


interest, 


4,444 64 


share loans, . 


7,010 00 


premiums, . 


28 60 


dues capital withdrawn, 


9,612 00 


fines, .... 


337 27 


dues capital retired, 


2,025 00 


real estate loans repaid, 


13,970 00 


profits capital withdrawn, 


1,751 22 


share loans repaid, 


4,400 00 


profits capital retired, . 


517 24 


withdrawal profits, 


190 11 


temporary expenses, 


278 24 


Cash on hand Oct. 31. 1896, . 


3,953 71 


permanent expenses, 


125 00 






interest on retired shares, 


12 65 






Cash on hand Oct. 30, 1897, 


3,280 98 




$46,237 33 


$46,237 33 



No. 8.] SAVINGS BANK COMMISSIONERS. 



13 



Total Amount of Loans at Specified Rales of Interest. 



Loans on Real Estate. 


Loans on Shabes. 


Amount. 


Rate. 


Amount. 


Rate. 


Amount. 


Rate. 


$70,005 00 

3,250 00 

100 00 


6.00 per cent. 
6.30 " 
6.90 


$400 00 
150 00 


7.80 per cent. 
9.60 " 


$5,495 00 


6 per cent. 



Reconciliation of Share Account with Dues and Profits Capital. 



Date of 


QQ 


3 <u 
2J- 


a • 

.-i <u 

£ © 








I8SDB. 


'C 


Bx, 


o3fc( 


cs>- 








9 


03 
- > 


CO 


o 


. 




July, 1889, . 


1 


$129 58 


146 


$18,918 68 


Dues capital, as per gen- 




Jan., 1890, . 


2 


119 82 


38 


4,553 16 


eral ledger, 


$69,229 00 


July, 1890, . 


3 


110 39 


31 


3,422 09 


Profits capital, as per 




Jan., 1891, . 


4 


101 22 


81 


8,198 82 


general ledger, . 


12,961 51 


July, 1891, . 


5 


92 33 


31 


2,862 23 


Unpaid dues, 


1,041 00 


Jan., 1892, . 


6 


83 72 


58 


4,855 76 






July, 1892, . 


7 


75 37 


74 


5,577 38 






Jan , 1893, . 


8 


67 25 


116 


7,801 00 






May, 1893, . 


9 


61 96 


28 


1,734 88 






Nov., 1893, . 


10 


54 22 


104 


5,638 88 






May, 1894, . 


11 


46 72 


93 


4,344 96 






Nov., 1894, . 


12 


39 44 


83 


3,273 52 






May, 1895, . 


13 


32 37 


46 


1,489 02 






Nov., 1895, . 


14 


25 51 


190 


4,846 90 






May, 1896, . 


15 


18 85 


135 


2,544 75 






Nov , 1896, . 


16 


12 38 


216 


2,674 08 






May, 1897, . 


17 


6 10 


74 


451 40 
44 00 


Total, 




Dues paid in 


adva 


nee, , 


• 




Total, 


$83,231 51 


$83,231 51 



Number of shares issued during the year, 356 

Number of shares now in force, . .. . . . . . 1,544 

Number of shares now borrowed upon, 434 

Largest number of shares held by any one member, .... 25 

Number of shares withdrawn during the year, 256 

Number of shares retired during the year, 23 

Highest per centum of interest received during the year : 6. 
Lowest per centum of interest received during the year : 6. 

Number of members withdrawn during the year, 32 

Present number of members, . 206 

Present number of borrowers, 82 

Present number of non-borrowers, 124 

Number of loans secured by first mortgage of real estate, . . .81 

Number of loans on shares, 26 

Largest loan to any one member, $4,800 00 

Smallest loan to any one member, . . . . • 25 00 

Amount of expenses of the corporation for the year ending Oct. 31, 1897, . 303 24 

Date of examination by commissioner : March 18. 



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 : 

John Haigh, R. H. Barlow, 

Thomas Bevington, Robert T. Todd, 

Joseph Thompson, 2d. 



Regular meetings the last Friday evening of each month. 



Balance Sheet October 30, 1897. 



Assets. 


Liabilities. 


Loans on real estate, 
Loans on shares, . 
Permanent expense account, 
Unpaid interest, . 
Unpaid premiums, 
Unpaid fines, 
Cash in hands of treasurer, . 


$77,850 00 

8,300 00 

11 57 

173 75 

11 09 

23 42 

1,961 72 


Dues capital, 

Profits capital (all series), . 

Interest, 

Premiums, .... 

Fines, 

Withdrawal profits, 
Guaranty fund, . 
Surplus, .... 
Forfeited share account, 


$76,028 00 

10,933 00 

668 86 

30 37 

45 27 

4 14 

476 83 

136 32 

8 76 




$88,331 55 


$88,331 55 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31,1897. 



Receipts. 


Disbursements. 


From dues capital, 


$23,838 00 


For real estate loans, . 


$31,650 00 


interest, 


4,769 56 


share loans, . 


4,500 00 


premiums, . 


163 70 


dues capital withdrawn, 


12,135 00 


fines, .... 


154 82 


dues capital forfeited, . 


25 00 


transfer fees, 


25 


profits capital withdrawn, 


1,436 22 


real estate loans repaid, 


17,800 00 


profits capital forfeited, 


1 90 


share loans repaid, 


4,100 00 


temporary expenses, 


310 00 


withdrawal profits, 


149 80 


permanent expenses, 


22 14 


forfeiture profits, 


48 


forfeited shares, 


3 30 


taxes repaid, 


22 42 


Cash on hand Oct. 30, 1897, 


1,961 72 


Cash on hand Oct. 31, 1896, . 


1,046 25 

• 








$52,045 28 


. $52,045 28 



No. 8.] SAVINGS BANK COMMISSIONERS. 



15 



Total Amount of Loans at Specified Bates of Interest. 



Loans on Real Estate. 


Loans on Shakes. 


Amount. 


Rate. 


Amount. 


Rate. 


Amount. 


Rate. 


$28,800 00 
35,650 00 
12,200 00 


6.00 per cent. 
6.30 " 
6.60 " 


$600 00 
600 00 


6.90 per cent. 
7.80 " 


$6,150 00 

1,750 00 

150 00 

200 00 

50 00 


6.00 per cent. 
6.30 " 
6.60 « 
6.90 « 
8.10 « 



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, . 

Highest per centum of interest received during the year: 6 9-10. 

Lowest per centum of interest received during the year : 6. 



. 450 
2,040 
. 580 
. 25 
. 419 
5 



16 REPORT OF THE [Pub. Doc. 

Number of members withdrawn during the year, 53 

Present number of members, 254 

Present number of borrowers, 78 

Present number of non-borrowers, . 176 

Number of loans secured by first mortgage of real estate, ... 56 

Number of loans on shares, . . .22 

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, 1897, . 365 22 

Date of examination by commissioner : April 12. 



No. 8.] SAVINGS BANK COMMISSIONERS. 



17 



ATTLEBOROTTGH CO-OPERATIVE BANK 

BOROUGH. 



ATTLE- 



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 October 30, 1897. 



Assets. 


Liabilities. 


Loans on real estate, 
Loans on shares, . 
Permanent expense account, 
Temporary expense account, 
Unpaid interest, . 
Unpaid fines, 
Cash in hands of treasurer, . 


$11,260 00 

335 00 

166 00 

7 00 

4 30 

2 48 

2,061 73 


Dues capital, 

Profits capital (all series), . 
Interest, .... 
Premiums, .... 

Fines, 

Withdrawal profits, 
Guaranty fund, . 
Surplus, .... 
Forfeited share account, 


$12,478 00 

1,024 70 

188 31 

77 

7 29 

26 24 

19 71 

44 37 

47 12 




$13,836 51 


$13,836 51 



Detailed Statement of Receipts and Disbursements for the Tear ending 

Oct. 31, 1897. 



Receipts. 


Disbursements. 


From dues capital, 

interest, 

premiums, . 

fines, .... 

transfer fees, 

real estate loans repaid, 

share loans repaid, 

withdrawal profits, 
Cash on hand Oct. 31, 1896, . 


$6,198 00 

687 22 

4 10 

19 10 

1 00 

5,950 00 

1,040 00 

62 58 

1,004 93 


For real estate loans, . 
share loans, . 
dues capital withdrawn, 
profits capital withdrawn, 
temporary expenses, 
forfeited shares, 

Cash on hand Oct. 30, 1897, 


$6,800 00 

1,200 00 

4,578 00 

253 75 

50 55 

22 90 

2,061 73 




$14,966 93 


$14,966 93 



18 



REPORT OF THE 



[Pub. Doc. 



Total Amount of Loans, at Specified Bates of Interest. 



Loans on Seal Estate. 


Loans on Shares. 


Amount. Eate. 


Amount. 


Eate. 


Amount. Eate. 


$10,910 00 


6 per cent. 

I 


$350 00 


7.20 per cent. 


$160 00 
175 00 


6.00 per cent. 
6.30 



Reconciliation of Share Account with Dues and Profits Capital. 





















o 




® 






Date of 


09 


— © 


32 


3 

— "3 






Issue. 


•2 




§£ 


S> 








o 


*cc 




o 


i 






m 


> 


X 


& 






Aug., 1892, . 


1 


$71 98 


71 


S5.110 58 


Dues capital, as per 




Feb., 1894, . 


4 


49 27 


15 


739 05 


general ledger, . 


812,478 00 


Aug., 1894, . 


5 


42 12 


5 


210 60 


Profits capital, as per 




Feb., 1895, . 


6 


35 13 


40 


1,405 20 


general ledger, . 


1,024 70 


Aug., 1895, . 


7 


28 36 


118 


3,346 48 


Unpaid dues, 


11 00 


Feb., 1896, . 


8 


21 76 


62 


1,349 12 






Aug., 1896, . 


9 


15 34 


18 


276 12 






Feb., 1897,. 


10 


9 09 


95 


863 55 






Aug., 1897, . 


11 


3 00 


66 


198 00 

15 00 


Total, 




Dues paid in 


adva 


nee, . 


• 




Total, 


813,513 70 


813,513 70 



Number of shares issued during the year, 218 

Number of shares now in force, 490 

Number of shares now borrowed upon, 77 

Largest number of shares held by any one member, .... 25 

Number of shares withdrawn during the year, 316 

Highest per centum of interest received during the year : 6. 
Lowest per centum of interest received during the year : 6. 

Number of members withdrawn during the year, 37 

Present number of members, 82 

Present number of borrowers, 16 

Present number of non-borrowers, 66 

Number of loans secured by first mortgage of real estate, ... 12 

Number of loans on shares, 4 

Largest loan to any one member, 82,000 00 

Smallest loan to any one member, 30 00 

Amount of expenses of the corporation for the year ending Oct. 31, 1897, . 70 -55 

Date of examination by commissioner; February 1. 



No. 8. J SAVINGS BANK COMMISSIONERS. 



19 



BALDWINSVILLE CO-OPERATIVE B ANK — B ALD WINS- 

VILLE. 



Incorporated July 16, 1889. Commenced business July 24, 1889. 
H. M. Small, President. George E. Bryant, Secretary and Treasurer. 



Names of security committee : 

E. N. Mullins, E. L. Thompson, 

Louis Leland. 



Regular meetings the fourth Wednesday of each month. 



Balance Sheet October 30, 1897. 



Assets. 


Liabilities. 


Loans on real estate, 
Loans on shares, . 
Permanent expense account, 
Temporary expense account, 
Cash in hands of treasurer, . 


$26,675 00 

2,225 00 

97 69 

17 89 

607 10 


Dues capital, 

Profits capital (all series), . 
Interest, .... 
Premiums, .... 

Fines, 

Withdrawal profits, 
Guaranty fund, . 
Surplus, .... 


$23,670 00 

4,583 88 

398 54 

31 33 

2 80 

65 24 

282 15 

588 74 




$29,622 68 


$29,622 68 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Keceipts. 


Disbursements. 


From dues capital, 
interest, 
premiums, . 
fines, .... 
real estate loans repaid, 
share loans repaid, 
withdrawal profits, 

Cash on hand Oct. 31, 1896, . 


$5,774 00 

1,813 23 

115 48 

68 92 

9,850 00 

4,455 00 

209 43 

2,435 54 


For real estate loans, . 
share loans, . 
dues capital withdrawn, 
dues capital retired, 
profits capital withdrawn, 
profits capital retired, . 
temporary expenses, 

Cash on hand Oct. 30, 1897, 


$13,175 00 

1,575 00 

4,161 00 

3,365 00 

837 60 

921 90 

79 00 

607 10 




$24,721 60 


$24,721 60 



20 



EEPORT 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. 


$3,900 00 
4,400 00 


6 00 per cent. 
6.30 " 


$13,375 00 


6.60 per cent. 


$2,225 00 


6 per cent. 



Reconciliation of Share Account with Dues and Profits Capital. 



Date of 


OQ 


S3 • 

<D OS 


c 
« 8 


s 






Issue. 


°C 


3 .£3 

"3 <» 


|S 


o 








no 


> 


GO 


H 






July, 1889, . 


1 


$126 34 


99 


$12,507 66 


Dues capital, as per gen- 




Jan. 


1890, . 


2 


116 93 


8 


935 44 


eral ledger, 


$23,670 00 


July 


, 1890, . 


3 


107 80 


15 


1,617 00 


Profits capital, as per 




Jan., 


1891, . 


4 


98 91 


25 


2,472 75 


general ledger, . 


4,583 88 


July 


1891, . 


5 


90 23 


5 


451 15 


Unpaid dues, 


142 00 


Jan., 


1892, . 


6 


81 88 


34 


2,783 92 






July 


1892, . 


7 


73 72 


26 


1,916 72 






Jan. 


1893, . 


8 


65 78 


1 


65 78 






July 


1893, . 


9 


58 09 


7 


406 63 






Jan. 


1894, . 


10 


50 62 


16 


809 92 






July 


, 1894, . 


11 


43 47 


38 


1,651 86 






Jan. 


1895, . 


12 


36 32 


13 


472 16 






July 


1895, . 


13 


29 50 


11 


324 50 






Jan. 


1896, . 


14 


22 85 


27 


616 95 






July 


, 1896, . 


15 


16 38 


38 


622 44 






Jan 


1897, . 


16 


10 10 


50 


505 00 






July 


, 1897, . 


17 


4 00 


59 


236 00 


Total, 








• 


• 




Total, 


$28,395 88 


$28,395 88 



Number of shares issued during the year, 114 

Number of shares now in force, . . . -. ... 472 

Number of shares now borrowed upon 209 

Largest number of shares held by any one member, . . . .25 

Number of shares withdrawn during the year, 72 

Number of shares retired during the year 35 

Highest per centum of interest received during the year : 6 6-10. 

Lowest per centum of interest received during the year : 6. 

Number of members withdrawn during the year, . . . . .7 

Present number of members, 83 

Present number of borrowers, 40 

Present number of non-borrowers, 43 

Number of loans secured by first mortgage of real estate, ... 31 

Number of loans on shares, . . . 9 

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, 1897, . 101 91 

Date of examination by commissioner: January 21. 



No. 8.] SAVINGS BANK COMMISSIONERS. 



21 



BERKSHIRE COUNTY CO-OPERATIVE BANK — WORTH 

ADAMS. 



Incorporated Nov. 8, 1890. Commenced business Nov. 19, 1890. 
George H. Kearn, President. C. W. Ford, Secretary and Treasurer. 



Names of security committee : 

R. E. Schotjler, W. C. Ellis, 

M. R. Ford. 



Regular meetings the third Monday of each month. 



Balance Sheet October 30, 1897. 



Assets. 




Liabilities. 




Loans on real estate, 
Loans on shares, . 
Permanent expense account, . 
Cash in hands of treasurer, . 


$81,400 00 

5,432 00 

462 15 

1,862 20 

$89,156 35 


Dues capital, 

Profits capital (all series) , . 
Guaranty fund, . 
Surplus, .... 


$78,811 00 

9,920 79 

124 32 

300 24 




$89,156 35 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Receipts. 


Disbursements. 


From dues capital, 

interest, 

premiums, . 

fines, .... 

transfer fees, 

real estate loans repaid, 

share loans repaid, 

withdrawal profits, 
Cash on hand Oct. 31, 1896, . 


$29,097 00 

4,664 93 

383 31 

62 67 

1 25 

30,900 00 

11,162 00 

96 80 

2,229 10 


For real estate loans, . 
share loans, . 
dues capital withdrawn, 
profits capital withdrawn, 
temporary expenses, 
permanent expenses, 

Cash on hand Oct. 30, 1897, . 


$49,750 00 

9,877 00 

15,073 00 

1,393 40 

581 21 

60 25 

1,862 20 




$78,597 06 


$78,597 06 



22 



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. 


$14,400 00 
1,800 00 


6.00 per cent. 
6.30 " 


$65,200 00 


6.60 per cent. 


$1,200 00 

3,472 00 

760 00 


6.00 per cent. 
6.60 " 
7.20 " 



Reconciliation of Share Account with Dues and Profits Capital. 



Date of 


X 




-8 


s 

— "3 






Issue. 


'Z 


■502 













CO 


> 


GO 


fri 






Nov., 1890, . 


1 


$101 97 


200 


$20,394 00 


Dues capital, as per gen- 




April, 1891, . 


2 


95 13 





475 65 


eral ledger, 


$78,811 00 


Nov., 1891, . 


3 


85 50 


35 


2,992 50 


Profits capital, as per 




May, 1892,. 


4 


77 31 


31 


2,396 61 


general ledger, . 


9,920 79 


Nov., 1892, . 


5 


69 28 


153 


10,599 84 


Unpaid dues, 


356 00 


May, 1893,. 


6 


61 46 


87 


5,347 02 






Nov., 1893, . 


7 


53 87 


112 


6,033 44 






Mav, 1894, . 


8 


46 47 


159 


7,388 73 






Nov., 1894, . 


9 


39 28 


275 


10,802 00 






Mav, 1895, . 


10 


32 28 


153 


4,938 84 






Nov., 1885, . 


11 


25 47 


238 


6,061 86 






Mav, 1896,. 


12 


18 84 


255 


4,804 20 






Nor., 1896, . 


13 


12 38 


345 


4,271 10 






May, 1897, . 


14 


6 10 


400 


2,440 00 
142 00 


Total, ... 




Dnes paid in 


advs 


nee, . 


• 




Total, 


$89,087 79 

1 


$89,087 79 



Number of shares issued during the year, 869 

Number of shares now in force, 2,448 

Number of shares now borrowed upon, 657 

Largest number of shares held by any one member, .... 25 

Number of shares withdrawn during the year, 570 

Highest per centum of interest received during the year: 7 2-10. 
Lowest per centum of interest received during the year : 6. 

Number of members withdrawn during the year, 72 

Present number of members, 301 

Present number of borrowers, 92 

Present number of non-borrowers, 209 

Number of loans secured by first mortgage of real estate, ... 61 

Number of loans on shares, 31 

Largest loan to any one member, $4,000 00 

Smallest loan to any one member, 20 00 

Amount of expenses of the corporation for the year ending Oct. 31, 1897, . 656 21 

Date of examination by commissioner : May 19. 



No. 8.] SAVINGS BANK COMMISSIONERS. 



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 October 30, 1897. 



A8SETS. 


Liabilities. 

i 


Loans on real estate, 
Loans on shares, . 
Permanent expense account, 
Real estate by foreclosure, . 
Unpaid premiums, 
Unpaid fines, 
Cash in hands of treasurer, . 


$132,300 00 

3,975 00 

525 00 

3,632 86 

17 02 

70 19 

4,189 50 


Dues capital, 

Profits capital (all series), . 
Interest, .... 
Transfer fees, 
"Withdrawal profits, 
Forfeiture profits, 
Guaranty fund, . 
Surplus, .... 
Forfeited share account, 


$121,260 00 

20,417 03 

160 47 

25 

28 87 

105 69 

794 47 

1,841 06 

101 73 




$144,709 57 


$144,709 57 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Receipts. 


DlSBUBSEMENTS. 


From dues capital, 


$39,443 00 


For real estate loans, . 


$52,280 00 


interest, 


8,921 86 


share loans, . 


3,580 00 


premiums, . 


390 76 


dues capital withdrawn, 


19,324 00 


fines, .... 


392 64 


dues capital forfeited, . 


1,523 00 


transfer fees, 


2 00 


dues capital retired, 


12,461 00 


real estate loans repaid, 


40,800 00 


profits capital withdrawn, 


3,261 91 


real estate loans elimi- 




profits capital forfeited, 


498 72 


nated by foreclosure, 


9,200 00 


profits capital retired, . 


3,628 50 


share loans repaid, 


3,930 00 


temporary expenses, . 


594 33 


withdrawal profits, 


209 36 


permanent expenses, 


107 75 


forfeiture profits, 


105 69 


forfeited shares, 


5 00 


forfeited shares, . 


5 00 


interest on retired shares, 


293 14 


real estate by foreclos- 




real estate by foreclosure, 


10,879 97 


ure, .... 


7,247 11 


sundry accounts, . 


64 00 


sundry accounts, 


64 00 


surplus, .... 


3 74 


Cash on hand Oct. 31, 1896, . 


1,983 14 
$112,694 56 


Cash on hand Oct. 30, 1897, 


4,189 50 




$112,694 56 



24 



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. 


§63,800 00 6.00 per cent. 
52,950 00 6.30 
9,150 00 6.60 


§5,100 00 

1,100 00 

200 00 


6.90 per cent. 
7-20 " 

7.50 " 


§2,970 00 

375 00 

600 00 

30 00 


6.00 per cent. 
6.30 

6.60 " 
6.90 



Reconciliation of Share Account with Dues and Profits Capital. 









^ 








Date of 


<B 






S3 

3 






Issue. 


*n 


1" 




S> 

© 








oo 


> 


IT. 


&H 






Sept., 1888, . 


1 


8144 83 


85 


§12,310 55 


| Dues capital, as per gen- 




Mar., 1889, . 


2 


134 75 


117 


15,765 75 


eral ledger, . 


§121,260 00 


Sept., 1889, . 


3 


124 96 


51 


6,372 96 


: Profits capital, as per 




Mar., 1890, . 


4 


115 46 


69 


7,966 74 


general ledger, . 


20,417 03 


Sept., 1890, . 


5 


106 23 


84 


8,923 32 


! Unpaid dues, 


1,889 00 


Mar., 1891, . 


6 


97 27 


39 


3.793 53 






Sept., 1891, . 


7 


88 57 


98 


8,679 86 






Mar., 1892, . 


8 


80 13 


129 


10,336 77 






Sept., 1892, . 


9 


71 93 


141 


10,142 13 






Mar., 1893, . 


10 


63 97 


102 


6,524 94 






Sept., 1893, . 


11 


56 24 


130 


7,311 20 






Max., 1894, . 


12 


48 74 


153 


7,457 22 






Sept., 1894, . 


13 


41 46 


131 


5,431 26 






Mar., 1895, . 


14 


34 39 


203 


6,981 17 






Sept., 1895, . 


15 


27 52 


142 


3,907 84 






Mar., 1896, . 


16 


20 85 


39L 


8,152 35 






Sept., 1896, . 


17 


14 38 


548 


7,880 24 






Mar., 1897, . 


18 


8 10 


552 


4,471 20 






Sept., 1897, . 


19 


2 00 


439 


878 00 

279 00 
§143,566 03 


Total, 




Dues paid in 


adva 


nee, . 






Total, 


§143,566 03 



Number of shares issued during the year, 1,163 

Number of shares now in force, 3,604 

Number of shares now borrowed upon, 856 

Largest number of shares held by any one member, .... 25 

Number of shares withdrawn during the year, 493 

Number of shares forfeited during the year, 51 

Number of shares retired during the year, 118 

Highest per centum of interest received during the year : 9 6-10. 
Lowest per centum of interest received during the year : 6. 

Number of members withdrawn during the year, 84 

Present number of members, 563 

Present number of borrowers, 114 

Present number of non-borrowers, 449 

Number of loans secured by first mortgage of real estate, . . .108 

Number of loans on shares, 23 

Largest loan to any one member, 85,000 00 

Smallest loan to any one member, 20 00 

Amount of expenses of the corporation for the year ending Oct. 31, 1897, . 673 35 

Date of examination by commissioner : January 18. 



No. 8.] SAVINGS 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, Eugene M. Smith, 

Henry M. Sanders. 



Regular meetings the first Monday of each month. 



Balance Sheet October 30, 1897. 



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, . 


$237,215 00 

5,805 00 

96 44 

5,996 95 

2,244 82 

342 15 

284 01 

32,304 27 


Dues capital, 

Profits capital (all series), . 
Guaranty fund, . 
Surplus, .... 
Forfeited share account, 


$237,380 00 

42,571 53 

1,516 23 

2,599 57 

221 31 




|284,288 64 


$284,288 64 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Receipts. 


Disbursements. 


From dues capital, 


$91,008 00 


For real estate loans, . 


$110,025 00 


interest, 


14,967 01 


share loans, . 


8,745 00 


premiums, . 


2,134 83 


dues capital withdrawn, 


38,598 00 


fines 


986 85 


dues capital forfeited, . 


795 00 


transfer fees, 


3 50 


dues capital retired, 


22,504 00 


real estate loans repaid, 


95,250 00 


profits capital withdrawn, 


4,555 26 


real estate loans elimi- 




profits capital forfeited, 


79 02 


nated by foreclosure, 


10,500 00 


profits capital retired, . 


5,809 44 


share loans repaid, 


8,115 00 


temporary expenses, 


2,292 15 


withdrawal profits, 


992 07 


permanent expenses, 


96 44 


forfeiture profits, 


20 06 


forfeited shares, 


653 55 


forfeited shares, . 


842 24 


interest on retired shares, 


359 43 


real estate by foreclos- 




real estate foreclosed, . 


11,515 90 


ure, .... 


8,107 47 


Cash on hand Oct. 30, 1897, . 


32,304 27 


Cash on hand Oct. 31, 1896, . 


5,405 43 








$238,332 46 


$238,332 46 



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. 


$6,200 00 
157,115 00 
25,875 00 
18,400 00 
10,400 00 
12,400 00 


6.00 per cent. 
6.30 " 
6.60 " 
6.90 » 
7.20 " 
7.50 


$3,000 00 

225 00 

2,500 00 

500 00 

600 00 


7.80 per cent. 
8.40 « 
8.70 " 
9.00 « 
9.30 


$5,605 00 
200 00 


6.30 per cent. 
6.90 " 



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, 
Highest premium received during the year, . 
Lowest premium received 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, 

Largest loan to any one member, .... 

Smallest loan to any one member, .... 

Amount of expenses of the corporation for the year ending Oct. 31, 1897, 

Date of examination by commissioner: June 3. 



2,990 

7,632 

1,490 

25 

1,821 

81 

288 



118 
834 
140 
694 
109 
31 



$0 25 
05 



5,000 00 

50 00 

2,292 15 



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 : 

Ansel O. Clark, James T. Stevens, 

T. Haven Dearing. 



Regular meetings the third Tuesday of each month. 



Balance Sheet October 30, 1897. 



Assets. 


Liabilities. 


Loans on real estate, 
Loans on shares, . 
Temporary expense account, 
Cash in hand6 of treasurer, . 


$37,774 06 

4,905 00 

10 00 

3,253 98 


Dues capital, 

Profits capital (all seric 

Interest, 

Premiums, . 

Fines, . 

Withdrawal profits, 

Forfeiture profits, 

Guaranty fund, . 

Surplus, 

Forfeited share accounl 

Suspense account, 


,8), . 


$37,325 00 

7,086 14 

736 24 

39 30 

10 83 

31 74 

1 71 
126 71 
574 07 

9 14 

2 16 




$45,943 04 






$45,943 04 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Receipts. 


Disbursements. 


From dues capital, 


$8,572 00 


For real estate loans, . 


$8,924 06 


interest, 


2,497 12 


share loans, . 


3,720 00 


premiums, . 


125 92 


dues capital withdrawn, 


2,880 00 


fines, .... 


125 31 


dues capital forfeited, . 


90 00 


transfer fees, 


25 


dues capital retired, 


3,563 00 


real estate loans repaid, 


7,450 00 


profits capital withdrawn, 


443 05 


share loans repaid, 


1,675 00 


profits capital forfeited, 


7 65 


withdrawal profits, 


110 74 


profits capital retired, . 


852 40 


forfeiture profits, 


1 91 


temporary expenses, 


248 50 


suspense account, 


30 


forfeited shares, 


63 58 


U. S. 4 per cent, bonds, 


1,916 00 


interest on retired shares, 


96 75 


Cash on hand Oct. 31, 1896, . 


1,668 42 


Cash on hand Oct. 30, 1897, 


3,253 98 




$24,142 97 


$24,142 97 



28 



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. 


$37,374 06 
400 00 


6.30 per cent. 
6.60 " 


- 


- 


$4,905 00 


6.30 per cent. 



Reconciliation of Share Account with Dues and Profits Capital. 



Date ov 


73 


(4 
« . 

P. a 


a 

w ai 

o o 


a3 

3 






Issue. 


"E 


2% 


cS O 


$> 










aS0Q 


J=*l 


© 








GO 


> 


GO 


£h 






Oct., 1889, . 


1 


$121 63 


144 


$17,514 72 


Dues capital, as per gen- 




Dec, 1889, . 


2 


118 48 


29 


3,435 92 


eral ledger, 


$37,325 00 


Jnne, 1890, . 


3 


109 25 


37 


4,042 25 


Profits capital, as per 




Dec, 1890, . 


4 


100 29 


23 


2,306 67 


general ledger, . 


7,086 14 


June, 1891, . 


5 


91 57 


25 


2,289 25 


Unpaid dues, 


655 00 


Dec, 1891, . 


6 


83 13 


38 


3,158 94 






June, 1892, . 


7 


74 93 


18 


1,348 74 






Dec, 1892, . 


8 


66 97 


14 


937 58 






June, 1893, . 


9 


59 24 


30 


1,777 20 






Dec, 1893, . 


10 


51 74 


29 


1,500 46 






June, 1894, . 


11 


44 46 


21 


933 66 






Dec, 1894, . 


12 


37 39 


26 


972 14 






June, 1895, . 


13 


30 52 


32 


976 64 






Dec, 1895, . 


14 


23 85 


65 


1,550 25 






June, 1896, . 


15 


17 38 


64 


1,112 32 






Dec, 1896, . 


16 


11 10 


84 


932 40 






June, 1897, . 


17 


5 00 


45 


225 00 

52 00 


Total, 




Dues paid in 


adva 


nee, . 


• 




Total, 


$45,066 14 


$45,066 14 



6.30. 
6.30. 



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 forfeited during the year, . 

Number of shares retired during the year, 

Highest per centum of interest received during the year 

Lowest per centum of interest received 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, 

Largest loan to any one member, .... 

Smallest loan to any one member, .... 

Amount of expenses of the corporation for the year ending Oct. 31, 1897, 

Date of examination by commissioner: November 1. 



129 

724 

341 

25 

87 

9 

40 



15 
117 
47 
70 
39 
17 



$2,500 00 

15 00 

268 50 



No. 8.] SAVINGS BANK COMMISSIONERS. 



29 



BROOKLINE CO-OPERATIVE BANK — BROOKLINE. 



Incorporated March 13, 1895. Commenced business May 2, 1895. 
Nathaniel Conant, President. "William S. Kemp, Secretary and Treasurer. 



Names of security committee : 
George F. Boynton, M. J. O'Hearn, 

E. A. Robart, A. H. Bailey, 

B. W. Neal, Jr. 



Regular meetings the first Thursday of each month. 



Balance Sheet October 30, 1897. 



Assets. 



Loans on real estate, 
Loans on shares, . 
Permanent expense account, 
Cash in hands of treasurer, . 



$23,900 00 

1,620 00 

250 00 

2,571 21 



5,341 21 



Liabilities. 



Dues capital, 

Profits capital (all series), 

Guaranty fund, . 

Surplus, 



$26,613 00 

1,599 24 

35 00 

93 97 



528,341 21 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Receipts. 


Disbursements. 


From dues capital, 


$14,973 00 


For real estate loans, . 


$16,400 00 


interest, 


1,250 10 


share loans, . 


1,875 00 


premiums, . 


64 09 


dues capital withdrawn, 


1,812 00 


fines, .... 


51 18 


profits capital withdrawn, 


61 23 


transfer fees, 


2 00 


temporary expenses, 


95 75 


real estate loans repaid, 


4,000 00 


permanent expenses, 


56 55 


share loans repaid, 


690 00 


cash deposit, . 


500 00 


withdrawal profits, 


15 33 


collateral loans, 


2,500 00 


collateral loans, . 


2,500 00 


interest paid, 


7 05 


cash deposit, 


500 00 


Cash on hand Oct. 30, 1897, 


2,571 21 


Cash on hand Oct. 31, 1896, . 


1,833 09 








$25,878 79 


$25,878 79 



30 



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. 


$23,900 00 


6.30 per cent. 


- 


- 


$1,620 00 


6.30 per cent. 



Reconciliation of Share Account with Dues and Profits Capital. 



Date of 

Issue. 


CD 

.2 
'C 
« 

02 


O. CU 

S is 
>• 


.5 
«- a 

fsfn 


S 

esp» 
O 

H 




May, 1895, . 
Nov., 1895, . 
May, 1896, . 
Nov., 1896, . 
May, 1897, . 


1 

2 
3 

4 
5 


$32 18 

25 48 

18 85 

12 38 

6 10 


409 
318 
148 
226 
253 


$13,161 62 
8,102 64 
2,789 80 
2,797 88 
1,543 30 

46 00 


Does capital, as per gen- 
eral ledger, 

Profits capital, as per 
general ledger, . 

Unpaid dues, 

Total, 


$26,613 00 

1,599 24 
229 00 


Dues paid in advance, . 




Total, 




• 


• 


$28,441 24 


$28,441 24 



Number of shares issued during the year 484 

Number of shares now in force, 1,354 

Number of shares now borrowed upon, 221 

Largest number of shares held by any one member, .... 25 

Number of shares withdrawn during the year, 114 

Highest premium received during the year, $0 15 

Lowest premium received during the year, 05 

Number of members withdrawn during the year, 18 

Present number of members, . 177 

Present number of borrowers, 19 

Present number of non-borrowers, 158 

Number of loans secured by first mortgage of real estate, ... 9 

Number of loans on shares, 11 

Largest loan to any one member, ......... 4,500 00 

Smallest loan to any one member 15 00 

Amount of expenses of the corporation for the year ending Oct. 31, 1897, . 102 30 

Date of examination by commissioner : October 18. 



No. 8.] SAVINGS BANK COMMISSIONERS. 



31 



CAMBRIDGE CO-OPERATIVE BANK — EAST CAMBRIDGE. 



Incorporated Sept. 5, 1877. Commenced business Sept. 12, 1877. 
Rrrus R. Wade, President. John H. Ponce, Secretary. 

John Lotjghrey, Treasurer. 



Names of security committee : 

George S. Keeler, Frank E. Clark, 

John Loughrey. 



Regular meetings the second "Wednesday of each month. 



Balance Sheet October 30, 1897. 



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, . 


$35,400 00 

3,280 00 

6 26 

342 00 

35 77 

30 36 

466 00 

7,618 66 


Dues capital, 

Profits capital (all series), . 
Guaranty fund, . 
Forfeited share account, 
Sundry balances, . 
Matured share account, 


$34,080 00 

7,512 20 

194 95 

9 66 

12 20 

5,370 04 




$47,179 05 


$47,179 05 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Receipts. , 


Disbursements. 


From dues capital, 


$8,225 00 


For real estate loans, . 


$7,600 00 


interest, 


2,259 15 


share loans, . 


560 00 


premiums, . 


220 90 


dues capital withdrawn, 


4,363 00 


fines, .... 


76 16 


does capital matured, . 


3,692 00 


real estate loans repaid, 


9,100 00 


profits capital withdrawn, 


522 14 


share loans repaid, 


110 00 


profits capital matured, 


1,678 04 


withdrawal profits, 


173 98 


temporary expenses, 


^46 99 


sundry balances, 


13 22 


interest, .... 


5 01 


matured share account, 


5,370 04 


sundry balances, . 


27 24 


Cash on hand Oct. 31, 1896, . 


2,486 29 


matured share account, 


1,621 66 






Cash on hand Oct. 30, 1897, 


7,618 66 




$28,034 74 


$28,034 74 



32 



EEPORT 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. 


$5,200 00 
26,500 00 


6.30 per cent. 
6.60 


$3,700 00 


6.90 per cent. 


$780 00 
2,500 00 


6.30 per cent. 
6.60 " 



Reconciliation of 


Share Account with Dues and Profits Capital. 


Date of 


00 


P. a3 


a 

CO <D 

a> o 


i-.11 




Issue. 




■§« 


o3 O 


03 >> 








OSGO 


.a Eh 


O 






02 


>■ 


02 


Eh 




July, 1886, . 


33 


$194 77 


6 


$1,168 62 


Dues capital, as per gen- 




Jan , 1887, . 


34 


183 19 


10 


1,831 90 


eral ledger, 


$34,080 00 


July, 1887, . 


35 


171 97 


13 


2,235 61 


Profits capital, as per 




Jan., 1888, . 


36 


160 97 


21 


3,380 37 


general ledger, includ- 




Jan., 1889, . 


38 


140 07 


15 


2,101 05 


ing suspense profits, . 


7,512 20 


July, 1889, . 


39 


130 08 


9 


1,170 72 






Jan., 1890, . 


40 


120 38 


20 


2,407 60 






July, 1890, . 


41 


110 89 


17 


1,885 13 






Jan., 1891, . 


42 


101 59 


20 


2,031 80 






July, 1891, . 


43 


92 57 


46 


4,258 22 






Jan., 1892, . 


44 


83 93 


46 


3,860 78 






July, 1892, . 


45 


75 47 


36 


2,716 92 






Jan., 1893, . 


46 


67 31 


46 


3,096 26 






July, 1893, . 


47 


59 37 


12 


712 44 






Jan., 1894, . 


48 


51 68 


23 


1,188 64 






July, 1894, . 


49 


44 22 


23 


1,017 06 






Jan , 1895, . 


50 


36 97 


72 


2,661 84 






May, 1895, . 


51 


32 29 


26 


839 54 






Nov., 1895, . 


52 


25 45 


68 


1,730 60 






May, 1896, . 


53 


18 80 


15 


282 00 






Nov., 1896, . 


54 


12 35 


62 


765 70 






May, 1897, . 


55 


6 09 


34 


207 06 
42 34 


Total, . 




Suspense profits, 


• 


• 




Total, 


• 


$41,592 20 


$41,592 20 



Number of shares issued during the year, 97 

Number of shares now in force, ■ • • • 640 

Number of shares now borrowed upon, . . . . . . . 248 

Largest number of shares held by any one member, .... 25 

Number of shares withdrawn during the year, 173 

Number of shares matured during the year, . . . . .26 

Highest premium received during the year, $0 10 

Lowest premium received during the year, 05 

Number of members withdrawn during the year, 24 

Present number of members, 88 

Present number of borrowers, 33 

Present number of non-borrowers, 55 

Number of loans secured by first mortgage of real estate, ... 35 

Number of loans on shares, 21 

Largest loan to any one member, 3,000 00 

Smallest loan to any one member 20 00 

Amount of expenses of the corporation for the year ending Oct. 31, 1897, .. 348 99 

Date of examination by commissioner : November 26. 



No. 8.] SAYINGS 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, Nathan H. Washburn, 

Charles H. Cole. 



Regular meetings the second Monday of each month. 



Balance Sheet October 30, 1897. 



Assets. 


Liabilities. 


Loans on real estate, 


$326,300 00 


Dues capital, 


$343,545 00 


Loans on shares, . 


7,000 00 


Profits capital (all series), . 


45,064 51 


Permanent expense account, 


215 00 


Interest, .... 


1,679 13 


Temporary expense account, 


128 58 


Premiums, . 




118 84 


Real estate by foreclosure, . 


46,559 16 


Fines, . 




61 36 


Unpaid interest, . 


2,058 00 


Transfer fees, 




1 50 


Unpaid premiums, 


234 67 


Withdrawal profits, 




152 94 


Unpaid fines, .... 


226 94 


Forfeiture profits, 




38 


Real estate mortgages, . 


4,700 00 


Guaranty fund, . 




1,300 00 


Taxes, etc., paid, . 


642 40 


Surplus, 




4,469 74 


Cash in hands of treasurer, . 


8,521 91 


Forfeited share account, 


100 36 






Rents, 


92 90 




$396,586 66 






$396,586 66 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct 31, 1897. 



Receipts. 


Disbursements. 


From dues capital, 


$143,143 00 


For real estate loans, . 


$107,550 00 


interest, 


21,711 27 


share loans, . 


9,850 00 


premiums, . 


1,632 92 


dues capital withdrawn, 


53,216 00 


fines, .... 


923 05 


dues capital forfeited, . 


1,161 00 


transfer fees, 


13 50 


dues capital retired, 


63,512 00 


real estate loans repaid, 


79,150 00 


dues capital matured, . 


1,452 00 


real estate loans elimi- 




profits capital withdrawn, 


5,364 38 


nated by foreclosure 




profits capital forfeited, . 


94 32 


and quit-claims, 


44,250 00 


profits capital retired, . 


12,731 62 


real estate loans elimi- 




profits capital matured, . 


767 36 


nated by maturity of 




temporary expenses, 


1,724 98 


shares, 


2,200 00 


forfeited shares, 


1,230 62 


share loans repaid, 


11,100 00 


repairs, insurance, etc., . 


1,078 62 


withdrawal profits, 


1,337 06 


interest on retired shares, 


1,190 82 


forfeiture profits, . 


23 70 


foreclosures and quit- 




forfeited shares, . 


1,231 62 


claims, 


46,455 22 


rents, .... 


791 97 


mortgages, 


3,300 00 


real estate by foreclos- 




guaranty fund, 


109 97 


ure, .... 


6,595 34 


Cash on hand Oct. 30, 1897, . 


8,521 91 


surplus "account, 


63 18 






Cash on hand Oct. 31, 1896, . 


5,144 21 








$319,310 82 


$319,310 82 



34 



REPORT OF THE 



[Pub. Doc. 



Total Amount of Loans at Specified Bates of Interest. 



Loans on Real Estate. 


Loans on Shares. 


Amount, 


1 
Kate. 


Amount. 


Rate. 


Amount. 


Rate. 


$295,600 00 


6.30 per cent. 

i 


$30,700 00 


7.50 per cent. 


$6,650 00 
350 00 


6.30 per cent. 
7.50 " 



Reconciliation of Share Account with Dues and Profits Capital. 



Date of 
Issue. 





u 




<u . 




a £ 






<D 


® oS 
3.C 


U 


"5=0 


m 


> 



April, 

Oct., 

April, 

Oct., 

April, 

Oct., 

April, 

Oct., 

April, 

Oct., 

April, 

Oct., 

April, 

Oct., 

April, 

Oct., 

April, 

Oct., 

April, 

Oct., 

April, 

Oct., 



1887, . 
1887, . 
1888, . 
1888, . 
1889, . 
1889, . 
1890, . 
1890, . 
1891,. 

1891, . 
1892,. 

1892, . 
1893, . 
1893, . 
1894, . 
1894, . 
1895, . 
1895, . 
1896, . 
1896, . 
1897, . 
1897, . 



12 


$189 52 


13 


176 75 


14 


164 48 


15 


152 66 


16 


141 27 


17 


130 30 


18 


119 74 


19 


109 56 


20 


99 75 


21 


90 33 


22 


81 27 


23 


72 56 


24 


64 16 


25 


56 08 


26 


48 30 


27 


40 80 


28 


33 56 


29 


26 59 


30 


19 87 


31 


13 38 


32 


7 10 


33 


1 00 



Dues paid in advance, . 
Total, . 



13 

9 

20 

5 

40 

19 

43 

28 

59 

30 

66 

742 

783 

620 

795 

1,163 

1,299 

1,324 

1,137 

1,168 

1,332 

1,354 



05 


s 


08 > 


O 


=-* 


$2,463 76 


1,590 75 


3,289 60 


763 30 


5,650 80 


2,475 70 


5,148 82 


3,067 68 


5,885 25 


2,709 90 


5,363 82 


53,839 52 


50,237 28 


34,769 60 


38,398 50 


47,450 40 


43,594 44 


35,205 16 


22,592 19 


15,627 84 


9,457 20 


1,354 00 


809 00 


$391,744 51 



Dues capital, as per gen- 
eral ledger, 

Profits capital, as per 
general ledger, . 

Unpaid dues, 



Total, 



$343,545 00 

45,064 51 
3,135 00 



,744 51 



Number of shares issued during the year, 3,203 

Number of shares now in force, 12,049 

Number of shares now borrowed upon, ...... 1,936 

Largest number of shares held by any one member, ... 25 

Number of shares withdrawn during the year 2,409 

Number of shares forfeited during the year, 180 

Number of shares retired during the year, 966 

Number of shares matured during the year, 11 

Highest premium received during the year, $0 05 

Lowest premium received during the year, 05 

Number of members withdrawn during the year, 285 

Present number of members, ■• 1,285 

Present number of borrowers, 247 

Present number of non-borrowers 1,038 

Number of loans secured by first mortgage of real estate, . . . 229 

Number of loans on shares, 31 

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, 1897, . 1,734 98 
Date of examination by commissioner : February 16. 



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, William W. Brooks, 

Joseph W. Wattles. 



Regular meetings the second Tuesday of each month. 



Balance Sheet October 30, 1897. 



Assets. 



Loans on real estate, 
Loans on shares, . 
Temporary expense account, 
Unpaid interest, . 
Unpaid premiums, 
Unpaid tines, 
Cash in hands of treasurer, . 





$95,510 00 

4,110 00 

94 50 

707 75 

35 45 

76 12 

1,911 23 


$102,445 05 



Liabilities. 



Dues capital, 

Profits capital (all series) , 

Interest, 

Premiums, . 

Fines, . 

Transfer fees, 

Withdrawal profits, 

Guaranty fund, . 

Surplus, 



$84,965 00 

13,884 50 

1,679 04 

99 90 

71 44 

25 

106 72 

444 08 

1,194 12 



$102,445 05 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Receipts. 


Disbursements. 


From dues capital, 


$25,235 00 


For real estate loans, . 


$37,250 00 


interest, 


5,444 62 


share loans, . 


3,650 00 


premiums, . 


345 25 


dues capital withdrawn, 


13,669 00 


fines, .... 


189 72 


dues capital forfeited, . 


136 00 


transfer fees, 


1 50 


profits capital withdrawn, 


1,807 64 


real estate loans repaid, 


22,790 00 


profits capital forfeited, 


7 14 


real estate loans elimi- 




temporary expenses, 


437 55 


nated by foreclosure, 


2,400 00 


Cash on hand Oct. 30, 1897, 


1,911 23 


share loans repaid, 


1,580 00 






withdrawal profits, 


452 38 






forfeiture profits, 


1 87 






Cash on hand Oct. 31, 1896, . 


428 22 








$58,868 56 


$58,868 56 



36 



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. 


$3,500 00 
76,460 00 
10,850 00 


6.00 per cent. 
6.30 " 
6.60 


$4,500 00 
200 00 


6.90 per cent. 
7.80 ' " 


$4,110 00 


6.30 per cent. 



Reconciliation of Share Account with Dues and Profits Capital. 



Date of 


« 




on *J 
oj Sh 


B 






Issue. 


"E 


■a 30 


03 fc, 










co 


> 


CO 


H 






Feb., 1891, . 


1 


$99 95 


225 


$22,488 75 


Dues capital, as per gen- 




Aug., 1891, . 


2 


90 96 


235 


21,375 60 


eral ledger, 


$84,965 00 


Feb., 1892, . 


3 


82 25 


163 


13,406 75 


Profits capital, as per 




Aug., 1892, . 


4 


73 83 


98 


7,235 34 


general ledger, . 


13,884 50 


-Feb., 1893, . 


5 


65 69 


72 


4,729 68 


Unpaid dues, . 


727 00 


Aug., 1893, . 


6 


57 80 


67 


3,872 60 






Feb., 1894, . 


7 


50 16 


85 


4,263 60 






Aug., 1894, . 


8 


42 75 


78 


3,334 50 






Feb., 1895, . 


9 


35 59 


152 


5,409 68 






Aug., 1895, . 


10 


28 65 


116 


3,323 40 






Feb., 1896, . 


11 


21 93 


151 


3,311 43 






Aug., 1896, . 


12 


15 42 


167 


2,575 14 






Feb., 1897, . 


13 


9 11 


373 


3,398 03 






Aug., 1897, . 


14 


3 00 


272 


816 00 
36 00 


Total, 




Dues paid in 


adva 


nee, . 


• 




Total, 


$99,576 50 


$99,576 50 



Number of shares issued during the year, 736 

Number of shares now in force, . . . . • • • 2,254 

Number of shares now borrowed upon, 602 

Largest number of shares held by any one member, .... 25 
Number of shares withdrawn during the year, . . . • • 448 

Number of shares forfeited during the year, 17 

Highest per centum of interest received during the year : 6.30. 

Lowest per centum of interest received during the year : 6.30. 

Number of members withdrawn during the year, . . . . .54 

Present number of members, . . t 284 

Present number of borrowers, 84 

Present number of non-borrowers, 200 

Number of loans secured by first mortgage of real estate, ... 91 

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, 1897, . 437 55 

Date of examination by commissioner : January 12. 



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, George M. Goodwin, 

Philip C. Swett. 



Regular meetings the second Monday of each month. 



Balance Sheet October 30, 1897. 



Assets. 


Liabilities. 


Loans on real estate, 
Loans on shares, . 
Temporary expense account, 
Unpaid fines, 

Real estate, .... 
Cash in hands of treasurer, . 


$119,748 05 

2,795 00 

20 00 

33 91 

508 93 

515 54 


Dues capital, 

Profits capital (all series) , . 
Interest, .... 
Withdrawal profits, 
Forfeiture profits, 
Guaranty fund, . . . 
Surplus, .... 
Forfeited share account, 
Profit and loss account, 


$103,866 00 

17,157 04 

173 45 

14 79 

24 15 

500 00 

1,302 61 

411 10 

172 29 




$123,621 43 


$123,621 43 



Detailed Statement of Receipts and Disbursements for the Tear ending 

Oct. 31, 1897. 



Receipts. 


Disbursements. 


From dues capital, 


$33,528 00 


For real estate loans, . 


$53,223 "46 


interest, 


6,854 76 


share loans, . 


7,885;00 


fines, .... 


233 33 


dues capital withdrawn, 


14,023 00 


real estate loans repaid, 


31,230 28 


dues capital retired, 


7,208 00 


share loans repaid, 


7,840 00 


profits capital withdrawn, 


1,478 24 


withdrawal profits, 


135 31 


profits capital retired, . 


2,090 64 


forfeiture profits, 


132 98 


temporary expenses, 


1,292 00 


United States bonds, . 


19,744 58 


real estate by foreclosure, 


170 00 


Cash on hand Oct. 31, 1896, . 


536 64 


United States bonds, 


12,350 00 






Cash on hand Oct. 30, 1897, 


515 54 




$100,235 88 




$100,235 88 



38 



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. 


Kate. 


$119,748 05 


6 per cent. 


- 


- 


$2,795 00 


6 per cent. 



Reconciliation of 


Share Account with Dues and Profits Capital. 






u 


c . 










p.* 


•" a> 


s 




Date op 


M 


o c3 


tn 

■-■ - 


,_ oS 




Issue. 


IH 


3.C 


OS fc, 


03> 
O 






GO 


> 


OQ 


H 




Sept., 1887, . 


1 


$159 57 


41 


$6,542 37 


Dues capital, as per gen- 




April, 1888, . 


2 


148 38 


55 


8,160 90 


eral ledger, 


$103,866 00 


Oct., 1888, . 


3 


138 99 


84 


11,675 16 


Profits capital, as per 




April, 1889, . 


4 


129 79 


33 


4,283 07 


general ledger, . 


17,157 04 


Oct., 1889, . 


5 


120 76 


13 


1,569 88 


Unpaid dues, 


884 00 


April, 1890, . 


6 


111 92 


57 


6,379 44 






Oct., 1890, . 


7 


103 25 


55 


5,678 75 






April, 1891, . 


8 


94 77 


83 


7,865 91 






Oct., 1891,. 


9 


86 46 


91 


7,867 86 






April, 1892, . 


10 


78 34 


115 


9,009 10 






Oct., 1892,. 


11 


70 39 


81 


5,701 59 






April, 1893, . 


12 


62 63 


76 


4,759 88 






Oct., 1893, . 


13 


55 04 


110 


6,054 40 






April, 1894, . 


14 


47 64 


90 


4,287 60 






Oct , 1894, . 


15 


40 41 


72 


2,909 52 






April, 1895, . 


16 


33 38 


209 


6,976 42 






Oct., 1895,. 


17 


26 53 


244 


6,473 32 






April, 1896, . 


18 


19 88 


351 


6,977 88 






Oct., 1896, . 


19 


13 40 


311 


4,167 40 






April, 1897, . 


20 


7 11 


569 


4,045 59 






Oct , 1897, . 


21 


1 00 


266 


266 00 
255 00 


Total, 




Dues paid in adva 


nee, . 


. 




Total, 


• 


$121,907 04 


$121,907 04 



Number of shares issued during the year 1,039 

Number of shares now in force, 3,006 

Number of shares now borrowed upon, 877 

Largest number of shares held by any one member, . . . .25 

Number of shares withdrawn during the year, 630 

Number of shares retired during the year, 62 

Highest per centum of interest received during the year : 6. 
Lowest per centum of interest received during the year : 6. 

Number of members withdrawn during the year, 75 

Present number of members, 353 

Present number of borrowers, 94 

Present number of non-borrowers, 259 

Number of loans secured by first mortgage of real estate, ... 82 

Number of loans on shares, 12 

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, 1897, . 1,292 00 
Date of examination by commissioner: June 25. 



No. 8.] SAYINGS BANK COMMISSIONERS, 



39 



CITY CO-OPERATIVE BANK — HOLYOKE. 



Incorporated July 16, 1889. Commenced business July 23, 1889. 
A. F. Richard, President. Pierre Bonvouloir, Secretary and Treasurer. 



Names of security committee : 

Daniel Proulx, A. F. Gingras, 

John St. John. 



Regular meetings the fourth Tuesday of each month. 



Balance Sheet October 30, 1897. 



Assets. 


Liabilities. 


Loans on real estate, 

Loans on shares, . 

Temporary expense account, 

Unpaid interest, 

Unpaid fines, 

Cash in hands of treasurer, . 


$53,350 00 

14,850 00 

143 71 

210 13 

30 33 

1,201 91 


Dues capital, 

Profits capital (all series), . 
Interest, .... 
Premiums, .... 
Withdrawal profits, 
Guaranty fund, . 
Surplus, .... 


$57,426 00 

9,441 16 

1,421 61 

42 27 

154 93 

425 00 

875 11 




$69,786 08 


$69,786 08 



Detailed Statement of Beceipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Receipts. 


Disbursements. 


From dues capital, 
interest, 
fines, . . 
real estate loans repaid, 
share loans repaid, 
withdrawal profits, 

Cash on hand Oct. 31, 1896, . 


$15,922 00 

3,992 02 

120 03 

11,450 00 

11,925 00 

692 13 

104 01 


For real estate loans, . 
share loans, . 
dues capital withdrawn, 
profits capital withdrawn, 
temporary expenses, 

Cash on hand Oct. 30, 1897, 


$14,400 00 

9,550 00 

15,923 00 

2,767 78 

362 50 

1,201 91 




$44,205 19 


$44,205 19 



Total Amount of Loans at Specified Rates of Interest. 



Loans on Real Estate. 


Loans on Shabes. 


Amount. 


Rate. 


Amount. 


Rate. 


Amount. Rate. 


$53,350 00 


6 per cent. 


- 


- 


$14,850 00 


6 per cent. 



40 



REPORT OF THE 



[Pub. Doc. 



Reconciliation of Share Account with Dues and Profits Capital. 



Date of 


00 




— i d 


CD 

"a 






Issdb. 


*u 


— 02 


cjfct 


a> 








50 


> 




p 






July, 1889, . 


1 


$126 56 


99 


$12,529 44 


Dues capital, as per gen- 




Jan. 


1890, . 


2 


117 08 


43 


5,034 44 


eral ledger, 


$57,426 00 


July 


, 1890, . 


3 


107 89 


9 


971 01 


Profits capital, as per 




Jan. 


1891, . 


4 


98 95 


137 


13,556 15 


general ledger, . 


9,441 16 


July 


1891, . 





90 28 


48 


4,333 44 


Unpaid dues, . 


394 00 


Jan. 


1892, . 


6 


81 86 


55 


4,502 30 






July 


1892, . 


7 


73 69 


31 


2,284 39 






Jan. 


1893, . 


8 


65 77 


104 


6,840 08 






July 


1893, . 


9 


58 06 


30 


1,741 80 






Jan., 


1894, . 


10 


50 58 


26 


1,315 08 






July 


1894, . 


11 


43 32 


41 


1,776 12 






Jan., 


1895, . 


12 


36 27 


49 


1,777 23 






July 


1895, . 


13 


29 43 


94 


2,766 42 






Jan. 


1896, . 


14 


22 79 


168 


3,828 72 






Apri 


, 1896, . 


15 


19 49 


20 


389 80 






July 


1896, . 


16 


16 34 


113 


1,846 42 






Jan., 


1897, . 


17 


10 08 


104 


1,048 32 






July 


1897, . 


18 


4 00 


154 


616 00 

104 00 


Total, 




Dues paid in 


adva 


nee, . 


• 




r 


rotal, 


$67,261 16 


$67,261 16 



277 

1,325 

584 

25 

431 



64 



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, 
Highest per centum of interest received during the year : 6. 
Lowest per centum of interest received during the year : 6. 
Number of members withdrawn during the year, . 

Present number of members, 207 

Present number of borrowers, 85 

Present number of non-borrowers, 122 

Number of loans secured by first mortgage of real estate, ... 51 

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, 1897, . 
Date of examination by commissioner: May 12. 



$5,000 00 

25 00 

362 50 



No. 8.] SAVINGS BANK COMMISSIONERS. 



41 



CLINTON CO-OPERATIVE BANK — CLINTON. 



Incorporated Sept. 23, 1887. Commenced business Oct. 20, 1887. 
Daniel B. Ingalls, President. Walter R. Dame, Secretary. 

Thomas S. Davis, Treasurer. 



Names of security committee : 

George P. French, H. I. Cheney, 

Henry C. Greeley. 



Regular meetings the third Thursday of each month. 



Balance Sheet October 30, 1897. 



Assets. 


Liabilities. 


Loans on real estate, 
Loans on shares, . 
Permanent expense account, 
Temporary expense account, 
Real estate by foreclosure, . 
Unpaid interest, 
Cash in hands of treasurer, . 


$172,525 00 

7,175 00 

150 00 

123 17 

3,439 67 

1,127 54 

12,469 09 


Dues capital, 

Profits capital (all series), . 

Interest, .... 

Fines, 

Withdrawal profits, 
Guaranty fund, . 
Surplus, . . . 
Forfeited share account, 
Security committee, 


$163,218 00 

31,176 41 

952 09 

42 48 

50 71 

669 18 

888 86 

5 74 

6 00 




$197,009 47 


$197,009 47 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Receipts. 


Disbursements. 


From dues capital, 


$44,964 00 


For real estate loans, . 


$23,125 00 


interest, 


10,822 19 


share loans, . 


7,760 00 


fines, .... 


420 63 


dues capital withdrawn, 


16,190 00 


transfer fees, 


4 00 


dues capital forfeited, . 


459 00 


real estate loans repaid, 


25,400 00 


dues capital retired, 


23,858 00 


share loans repaid, 


6,655 00 


profits capital withdrawn, 


2,719 49 


withdrawal profits, 


243 20 


profits capital forfeited, . 


52 18 


forfeiture profits, 


9 21 


profits capital retired, . 


6,499 52 


real estate foreclosure, 


230 00 


temporary expenses, 


729 43 


Cash on hand Oct. 31, 1896, . 


5,525 79 


interest on retired shares, 


216 72 






security committee, 


3 00 






real estate by foreclosure, 


192 59 


. 




Cash on hand Oct. 30, 1897, . 


12,469 09 




$94,274 02 


$94,274 02 



42 



EEPOET OF THE 



[Pub. Doc. 



Total Amount of Loans at Specified Rates of Interest. 



Loans on Real Estate. 


Loans on Shares. 


Amount. 


Eate. 


Amount. 


Rate. 


Amount. 


Rate. 


$150,300 00 
9,125 00 
7,550 00 
1,650 00 


6 per cent. 

6| 

6£ " 

6| " 


$150 00 

2,750 00 

400 00 

600 00 


6£ per cent. 

6| » 

7 

8 « 


$6,700 00 
150 00 
325 00 


6 per cent. 
6£ 



Reconciliation of Share Account with Dues and Profits Capital. 




se of real 



year : 6 1-8. 
ear: 6. 



Number of shares issued during the year, . ■ 981 

Number of shares now in force, 3,963 

Number of shares now borrowed upon, 1,097 

Largest number of shares held by any one member, .... 25 

Number of shares withdrawn during the year, 452 

Number of shares forfeited during the year 27 

Number of shares retired during the year, 259 

Highest per centum of interest received during the 
Lowest per centum of interest received during the 
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 mortga 
Number of loans on shares, 

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, 1897, . 729 43 

Date of examination by commissioner: February 8. 



estate, 



107 
543 
151 
392 
144 
39 



No. 8.] SAVINGS BANK COMMISSIONERS. 



43 



COLUMBIAN CO-OPERATIVE BANK — CAMBRIDGE. 



Incorporated May 6, 1892. Commenced business June 6, 1892. 
Alfred L. Barbour, President. Sherman Campbell, Secretary and Treasurer. 



Names of security committee : 
Charles H. Montague, Dana "W. Hyde, 

Levi Hawkes, Isaac S. Pear. 



Regular meetings the first Monday of each month. 



Balance Sheet October 30, 1897. 



Asset's. 


Liabilities. 


Loans on real estate, 


$68,417 11 


Dues capital, 


$71,920 00 


Loans on shares, . 


1,700 00 


Profits capital (all series), . 


7,338 99 


Permanent expense account, 


93 37 


Interest, .... 


1,743 15 


Temporary expense account, 


166 66 


Premiums, .... 


59 26 


Real estate by foreclosure, . 


3,211 40 


Fines, 


130 23 


Unpaid interest, 


496 62 


Transfer fees, 


50 


Unpaid premiums, 


22 85 


Withdrawal profits, 


127 48 


Unpaid fines,. 


69 03 


Guaranty fund, . 


107 63 


Bonds of city of Cambridge, 


3,217 83 


Surplus, .... 


136 30 


Mortgages 


3,142 95 


Forfeited share account, 


82 77 


Cash in hands of secretary, . 


1,108 49 








$81,646 31 


$81,646 31 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Eeceipts. 


Disbursements. 


From dues capital, 


$26,077 00 


For real estate loans, . 


$26,597 50 


interest, 


4,224 24 


share loans, . 


3,775 00 


premiums, . 


150 41 


dues capital withdrawn, 


10,321 00 


fines, .... 


265 39 


dues capital forfeited, . 


57 00 


transfer fees, 


50 


dues capital retired, 


6,186 00 


real estate loans repaid, 


15,385 41 


profits capital withdrawn, 


836 91 


real estate loans elimi- 




profits capital forfeited, 


3 51 


nated by foreclosure, 


3,000 00 


profits capital retired, . 


990 00 


share loans repaid, 


3,325 00 


temporary expenses, 


314 06 


withdrawal profits, 


208 69 


permanent expenses, 


13 37 


forfeited shares, . 


55 79 


forfeited shares, 


55 79 


real estate bv foreclos- 




real estate by foreclosure, 


4,824 84 


ure, ... 


2,695 11 


mortgage, 


1,542 95 


Cash on hand Oct. 31, 1896, . 


1,238 88 


Cash on hand Oct. 30, 1897, . 


1,108 49 




$56,626 42 


$56,626 42 



44 



KEPOET 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. 


$27,547 50 
40,369 61 


6.00 per cent. 
6.30 " 


$500 00 


6.90 per cent. 


$1,400 00 
300 00 


6.00 per cent. 
6.30 



Reconciliation of Share Account with Dues and Profits Capital. 







(i 


c , 


oj 






Date op 


<n 


(V as 


CO o 


a 






Issue. 




ass 












w 


>■ 


cc 


H 






June, 1892, . 


1 


$74 21 


409 


$30,351 89 


Dues capita], as per gen- 




Dec, 1892, . 


2 


66 47 


173 


11,499 31 


eral ledger, 


$71,920 00 


June, 1893, . 


3 


58 93 


187 


11,019 91 


Profits capital, as per 




Dec, 1893, . 


4 


51 48 


39 


2,007 72 


general ledger, . 


7,338 99 


June, 1894, . 


5 


44 28 


101 


4,472 28 


Unpaid dues, 


709 00 


Dec, 1894, . 


6 


37 23 


104 


3,871 92 






June, 1895, . 


7 


30 42 


151 


4,593 42 






Dec, 1895, . 


8 


23 80 


169 


4,022 20 






June, 1896, . 


9 


17 36 


154 


2,673 44 






Dec, 1896, . 


10 


11 10 


279 


3,096 90 






June, 1897, . 


11 


5 00 


423 


2,115 00 
244 00 


Total, 




Dues paid in 


adva 


nee, . 






Total, . 


$79,967 99 


$79,967 99 



Number of shares issued during the year, 779 

Number of shares now in force, » . 2,189 

Number of shares now borrowed upon, 402 

Largest number of shares held by any one member, .... 25 

Number of shares withdrawn during the year, 416 

Number of shares forfeited during the year, 22 

Number of shares retired during the year, ...... 100 

Highest per centum of interest received during the year : 6.30. 
Lowest per centum of interest received during the year : 6. 

Number of members withdrawn during the year, 47 

Present number of members, 278 

Present number of borrowers, 45 

Present number of non-borrowers, 233 

Number of loans secured by first mortgage of real estate, ... 36 

Number of loans on shares, ... , 11 

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, 1897, . 495 47 

Date of examination by commissioner: June 21. 



No. 8.] SAVINGS BANK COMMISSIONERS. 



45 



DANVERS CO-OPERATIVE BANK — DANVERS. 



Incorporated Aug. 22, 1892. Commenced business Aug. 29, 1892. 
Samuel L. Sawyer, President. A. G. Allen, Secretary and Treasurer. 



Names of security committee : 

Henry Newhall, J. "W. Woodman, 

J. F. Porter. 



Regular meetings the last Monday of each month. 



Balance Sheet October 30, 1897. 



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, . 


$51,100 00 

2,625 00 

110 00 

90 75 

233 50 

11 90 

14 54 

1,701 69 


Dues capital, 

Profits capital (all series), . 
Interest, .... 
Premiums, .... 

Fines, 

Withdrawal profits, 
Guaranty fund, . 
Surplus, .... 


$48,924 00 

5,566 07 

712 30 

47 25 

14 90 

66 97 

105 00 

450 89 




$55,887 38 


$55,887 38 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Receipts. 


Disbursements. 


From dues capital, 
interest, 
premiums, . 
fines, .... 
real estate loans repaid, 
share loans repaid, 
withdrawal profits, 

Cash on hand Oct. 31, 1896, . 


$17,957 00 

2,870 69 

194 44 

91 73 

2,550 00 

1,425 00 

211 00 

4,352 71 


For real estate loans, . 
share loans, . 
dues capital withdrawn, 
profits capital withdrawn, 
temporary expenses, 

Cash on hand Oct. 30, 1897, 


$10,750 00 

2,275 00 

12,973 00 

1,553 55 

399 33 

1,701 69 




$29,652 57 


$29,652 57 



46 



EEPORT OF THE 



[Pub. Doc. 



Total -Amount of Loans at Specified Bates of Interest. 



Loans ox Eeal Estate. 


Loans on Shares. 


Amount. Eate. Amount. Eate. 


Amount. Eate. 


§46,200 00 ! 6.30 per cent. 82,000 00 
2,900 00 6.60 " 


6.90 per cent 


82,625 00 


6.30 per cent. 



Reconciliation of Share Account with Dues and Profits Capital. 




Number of shares issued during the year, 462 

Number of shares now in force, 1,674 

Number of shares now borrowed upon, 368 

Largest number of shares hpld by any one member, . . . .25 

Number of shares withdrawn during the year, 364 

Highest premium received during the year, 80 05 

Lowest premium received during the year, 05 

Number of members withdrawn during the year, 34 

Present number of members, 232 

Present number of borrowers, 66 

Present number of non-borrowers, 166 

Number of loans secured by first mortgage of real estate, ... 44 

Number of loans on shares, 22 

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, 1897, . 419 33 

Date of examination by commissioner : January 11. 



No. 8.] SAVINGS BANK COMMISSIONERS. 



47 



DEAN CO-OPERATIVE B ANK — FRANKLIN. 



Incorporated June 15, 1889. Commenced business July 2, 1889. 
Joseph G. Ray, President. Orestes T. Doe, Secretary and Treasurer. 



Names of security committee : 

0. B. Carter, E. P. Chapman, 

Joseph T. Hutchinson. 



Regular meetings the first Tuesday of each month. 



Balance Sheet October 30, 1897. 



Assets. 


Liabilities. 


Loans on real estate, 
Loans on shares, . 
Temporary expense account, 
Cash in hands of treasurer, . 


$37,360 00 

2,165 00 

33 32 

751 97 


Dues capital, 

Profits capital (all series), . 
Interest, .... 
Premiums, .... 

Fines, 

Withdrawal profits, 
Guaranty fund, . 
Surplus, .... 


$33,433 00 

5,597 60 

799 96 

70 15 

18 68 

11 81 

330 00 

49 09 




$40,310 29 


$40,310 29 



Detailed Statement of Receipts and Disbursements for the Tear ending 

Oct. 31, 1897. 



Receipts. 


Disbursements. 


From dues capital, 


$9,656 00 


For real estate loans, . 


$11,710 00 


interest, 


2,378 29 


share loans, . 


680 00 


premiums, . 


212 44 


dues capital withdrawn, 


2,605 00 


fines, .... 


85 60 


dues capital retired, 


3,847 00 


real estate loans repaid, 


5,900 00 


profits capital withdrawn, 


382 25 


share loans repaid, 


700 00 


profits capital retired, . 


976 22 


withdrawal profits, 


38 06 


temporary expenses, 


105 00 


real estate by foreclos- 




expenses rental account, 


51 62 


ure, .... 


1,985 10 


Cash on hand Oct. 30, 1897, 


751 97 


Cash on hand Oct. 31, 1896, . 


153 57 








$21,109 06 


$21,109 06 



48 



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. 


$2,700 00 
30,660 00 


6 per cent. 
6£ " 


$4,000 00 


7 per cent. 


$2,165 00 


6£ per cent. 



Reconciliation of Share Account with Dues and Profits Capital. 



Date of 


CO 


O. *> 


CO o 

4> ■— 


si 

3 

_ "3 






Issue. 


v. 


S^3 


s£ 


3^ 








90 


> 


oq 


H 






July, 1889, . 


1 


$125 53 


134 


$16,821 02 


Dues capital, as per gen- 




Jan. 


1890, . 


3 


116 61 


5 


583 05 


eral ledger, . 


$33,433 00 


July 


1890, . 


4 


107 81 


1 


107 81 


Profits capital, as per 




Jan. 


1891, . 


5 


99 16 


5 


495 80 


general ledger, . 


5,597 60 


July 


1891, . 


6 


90 52 


27 


2,444 04 


Unpaid dues, 


82 00 


Jan., 


1892, . 


7 


82 11 


30 


2,463 30 






July 


1892, . 


8 


73 91 


21 


1,552 11 






Jan , 


1893, . 


9 


65 89 


36 


2,372 04 






July 


1893, . 


10 


58 22 


33 


1,921 26 






Jan., 


1894, . 


11 


50 74 


18 


913 32 






July 


1894, . 


12 


43 45 


37 


1,607 65 






Jan. 


1895, . 


13 


36 37 


52 


1,891 24 






July 


1895, . 


14 


29 51 


47 


1,386 97 






Jan., 


1896, . 


15 


22 85 


67 


1,530 95 






July 


, 1896, . 


16 


16 38 


68 


1,113 84 






Jan. 


1897, . 


17 


10 10 


152 


1,535 20 






July 


, 1897, . 


18 


4 00 


77 


308 00 
65 00 


Total, 




Dues paid in 


adva 


nee, . 


• 




1 


?otal, 


$39,112 60 


$39,112 60 



Number of shares issued during the year, 242 

Number of shares now in force, 810 

Number of shares now borrowed upon, . 295 

Largest number of shares held by any one member, . . . .25 

Number of shares withdrawn during the year, 86 

Number of shares retired during the year, 40 

Highest per centum of interest received during the year: 6£. 
Lowest per centum of interest received during the year : 6£. 

Number of members withdrawn during the year, 10 

Present number of members, 112 

Present number of borrowers, 31 

Present number of non-borrowers, 81 

Number of loans secured by first mortgage of real estate, ... 29 

Number of loans on shares, 27 

Largest loan to any one member, $4,650 00 

Smallest loan to any one member, 20 00 

Amount of expenses of the corporation for the year ending Oct. 31, 1897, . 245 00 

Date of examination by commissioner : January 26. 



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 : 

William G. Ware, John Wardle, Jr., 

Otis W. Withington. 



Regular meetings the third Tuesday of each month. 



Balance Sheet October 30, 1897. 



Assets. 


Liabilities. 


Loans on real estate, 

Loans on shares, . 

Unpaid interest, 

Unpaid premiums, 

Unpaid fines. 

Cash in hands of treasurer, . 


$51,515 00 

2,105 00 

210 50 

10 55 

10 82 

1,237 14 


Dues capital, 

Profits capital (all series), . 
Guaranty fund, . 
Surplus, .... 
Forfeited share account, 


$45,700 00 

8,047 98 

239 87 

1,095 01 

6 15 




$55,089 01 


$55,089 01 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Eeceipts. 




Disbursements. 




From dues capital, 
interest, 
premiums, . 
fines, .... 
real estate loans repaid, 
share loans repaid, 
withdrawal profits, 
forfeited shares, . 

Cash on hand Get. 31, 1896, . 


$14,495 00 

2,931 67 

167 70 

88 66 

3,800 00 

1,670 00 

253 78 

6 15 

175 44 


For real estate loans, . 
share loans, . 
dues capital withdrawn, 
dues capital forfeited, . 
profits capital withdrawn, 
profits capital forfeited, 
temporary expenses, 

Cash on hand Oct. 30, 1897, . 


$9,400 00 

2,240 00 

9,451 00 

6 00 

1,016 24 

76 

237 26 

1,237 14 




$23,588 40 


$23,588 40 



50 



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. 


$51,515 00 


6.30 per cent. 






$500 00 

1,100 00 

125 00 

85 00 

190 00 

30 00 

25 00 

50 00 


6.30 per cent. 
6.40 " 
6.50 " 
6.70 " 
7.20 

8.00 " 

8.60 " 

10.00 " 



Reconciliation of Share Account with Dues and Profits Capital. 



Date op 


09 


ft 3 

® 2 


c - 

— o> 
9> a 


oi 

s 
— Is 






Issue. 




~co 


05 &* 


o3>- 








CO 


C3 
> 


43 
CO 


O 






Feb., 1886, . 


1 


$203 46 


2 


$406 92 


Dues capital, as per gen- 




Nov, 1886, . 


3 


186 27 


1 


186 27 


eral ledger, 


$45,700 00 


May, 1887, . 


4 


174 93 


3 


524 79 


Profits capital, as per 




May, 1888, . 


6 


153 21 


4 


612 84 


general ledger, . 


8,047 98 


Nov., 1888, . 


7 


142 83 


7 


999 81 


Unpaid dues, 


290 00 


May, 1889, . 


8 


132 75 


38 


5,044 60 






Nov., 1889, . 


9 


122 96 


12 


1,475 52 






May, 1890, . 


10 


113 46 


48 


5,446 08 






Nov., 1890, . 


11 


104 23 


37 


3,856 51 






May, 1891, . 


12 


95 27 


31 


2,953 37 






Nov., 1891, . 


13 


86 57 


54 


4,674 78 






May, 1892, . 


14 


78 13 


52 


4,062 76 






Nov., 1892, . 


15 


69 93 


28 


1,958 04 






May, 1893, . 


16 


61 97 


48 


2,974 56 






Nov., 1893, . 


17 


54 24 


26 


1,410 24 






May, 1894, . 


18 


46 74 


70 


3,271 80 






Nov., 1894, . 


19 


39 46 


58 


2,288 68 






Mav, 1895, . 


20 


32 39 


115 


3,724 85 






Nov., 1895, . 


21 


25 52 


127 


3,241 04 






May, 1896, . 


22 


18 85 


142 


2,676 70 






Nov., 1896, . 


23 


12 38 


119 


1,473 22 






May, 1897, . 


24 


6 10 


127 


774 70 


Total, 








• • 


• 




Total, 


$54,037 98 


$54,037 98 



10 
6.30 



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, . 
Highest per centum of interest received during the year 
Lowest per centum of interest received 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, 

Largest loan to any one member, .... 

Smallest loan to any one member, .... 

Amount of expenses of the corporation for the year ending Oct. 31, 1897, 

Date of examination by commissioner : October 18. 



290 

1,149 

348 

25 

354 

2 



43 
181 

51 
130 

49 

15 



$3,000 00 

25 00 

237 26 



No. 8.] SAVINGS BANK COMMISSIONERS. 



51 



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, Lab an Pratt, 

J. Homer Pierce, Dudley Talbot, 

R. D. Mobsman. 



Regular meetings the second Wednesday of each month. 



Balance Sheet October 30, 1897. 



A88ETS. 


Liabilities. 


Loans on real estate, 


$110,975 00 


Dues capital, 


$113,448 00 


Loan 8 on shares, . 


3,630 00 


Profits capital (all series), . 


17,454 52 


Permanent expense account, 


126 15 


Interest, .... 


1,216 28 


Temporary expense account, 


31 59 


Premiums, .... 


62 20 


Cash in hands of treasurer, . 


19,062 61 


Fines 


36 95 






Transfer fees, 


50 






Withdrawal profits, 


140 44 






Guaranty fund, . 


557 61 






Surplus, .... 


869 46 






Forfeited share account, 


39 39 




$133,825 35 


$133,825 35 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Receipts. 


DlSBUKSEMENTS. 


From dues capital, 


$36,556 00 


For real estate loans, . 


$35,200 00 


interest, 


7,201 38 


share loans, . 


2,560 00 


premiums, . 


358 81 


dues capital withdrawn, 


16,100 00 


fines 


196 36 


dues capital forfeited, . 


211 00 


transfer fees, 


1 75 


dues capital retired, 


8,422 00 


real estate loans repaid, 


25,250 00 


profits capital withdrawn, 


1,879 67 


share loans repaid, 


2,595 00 


profits capital forfeited, 


9 78 


withdrawal profits, 


470 07 


profits capital retired, . 


1,844 64 


forfeiture profits, 


2 45 


temporary expenses, 


734 31 


forfeited shares, . 


212 57 


forfeited shares, 


212 57 


real estate, . 


3,428 15 


real estate, . . . 


109 33 


Cash on hand Oct. 31, 1896, . 


10,107 37 


surplus account, . 


34 00 






Cash on hand Oct. 30, 1897, 


19,062 61 




$86,379 91 


$86,379 91 



52 



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. 


Eate. 


$109,975 00 


6.30 per cent. 


$1,000 00 


6.60 per cent. 


$3,230 00 
400 00 


6.30 per cent. 
6.60 " 



Reconciliation of Share Account with Dues and Profits Capital. 







S3 


c . 


CO 






Date of 


oj 




"2 


a 






Issue. 


•-H 


~ j5 


5° 


Oj>. 










05 02 




O 








50 


> 


02 


g-i 






Sept , 1890, . 


1 


$106 03 


405 


$42,942 15 


Dues capital, as per gen- 




Mar., 1891, . 


2 


97 24 


153 


14,877 72 


eral ledger, 


$113,448 00 


Sept., 1891, . 


3 


83 56 


35 


3,099 60 


Profits capital, as per 




Mar., 1892, . 


4 


80 11 


148 


11,856 28 


general ledger, . 


17,454 52 


Sept., 1892, . 


5 


71 89 


84 


6,038 76 


Unpaid dues, 


1,205 00 


Mar., 1893, . 


6 


63 96 


78 


4,988 88 






Sept., 1893, . 


7 


56 24 


113 


6,355 12 






Mar., 1894, . 


8 


48 74 


88 


4,289 12 






Sept., 1894, . 


9 


41 46 


88 


3,648 48 






Mar., 1895, . 


10 


34 39 


277 


9.o26 03 






Sept., 1895, .■ 


11 


27 52 


205 


5,641 60 






Mar., 1896, . 


12 


20 85 


426 


8,882 10 






Sept , 1896, . 


13 


14 38 


381 


5,478 78 






Mar., 1897, . 


14 


8 10 


439 


3,555 90 






Sept., 1897, . 


15 


2 00 


410 


820 00 
107 00 


Total, 




Dues paid in 


adva 


nee, . 


. 




Total, 


$132,107 52 


$132,107 52 



estate, 



83 
392 

70 
322 

56 

14 



$0 05 
05 



Number of shares issued during the year, 956 

Number of shares now in force, 3,330 

Number of shares now borrowed upon, ....... 698 

Largest number of shares held by any one member, .... 25 

Number of shares withdrawn during the year, 587 

Number of shares forfeited during the year, .39 

Number of shares retired during the year, 108 

Highest premium received during the year, . 
Lowest premium received 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 
Number of loans on shares, .... 

Largest loan to any one member, 4,600 00 

Smallest loan to any one member, 20 00 

Amount of expenses of the corporation for the year ending Oct. 31, 1897, . 748 31 

Date of examination by commissioner: April 7. 



No. 8.] SAVINGS BANK COMMISSIONERS. 



ECONOMY CO-OPERATIVE BANK — MERRIMAC. 



Incorporated July 26, 1889. Commenced business Aug. 12, 1889. 
George Adams, President. Bailey Sargent, Secretary and Treasurer, 



Names of security committee : 

Frank E. Pease, George W. Davis, 

George G. Larkin. 



Regular meetings the second Monday of each month, 



Balance Sheet October 30, 1897. 



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, .... 
Cash in hands of treasurer, . 


$30,950 00 

625 00 

75 00 

35 99 

3,564 82 

216 02 

13 40 

21 18 

2,820 84 


Dues capita], 

Profits capital (all series), . 
Interest, .... 
Premiums, .... 

Fines, 

Withdrawal profits, 
Guaranty fund, . 
Surplus, . . 


$32,251 00 

5,076 65 

453 38 

27 60 

10 61 

11 59 
141 00 
350 42 




$38,322 25 


$38,322 25 



Detailed Statement of Eeceipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Eeceipts. 


Disbursements. 


From dues capital, 


$8,211 00 


For real estate loans, . 


$8,150 00 


interest, 


1,836 22 


share loans, . 


1,075 00 


premiums, . 


105 85 


dues capital withdrawn, 


1,617 00 


tines, .... 


61 53 


dues capital forfeited, . 


20 00 


transfer fees, 


25 


dues capital retired, 


2,093 00 


real estate loans repaid, 


2,000 00 


profits capital withdrawn, 


197 06 


real estate loans elimi- 




profits capital forfeited, 


32 


nated by foreclosure, 


800 00 


profits capital retired, . 


512 67 


share loans repaid, 


1,025 00 


temporary expenses, 


141 99 


withdrawal profits, 


19 43 


security committee, 


2 15 


forfeiture profits, 


32 


real estate by foreclosure, 


1,171 53 


rents, ..... 


175 50 


Cash on hand Oct. 30, 1897, 


2,820 84 


Cash on hand Oct. 31, 1896, . 


3,566 46 








$17,801 56 


$17,801 56 



54 



REPORT OF THE 



[Pub. Doc. 



Total Amount of Loans at Specified Rates of Interest. 



Loans un Real Estate. 


Loans on Shahes. 


Amount. 


Rate. 


Amount. 


Rate. 


Amount. 


Rate. 


$28,750 00 


6.30 per cent. 


$2,200 00 


6.90 per cent. 


$625 00 


6.30 per cent. 



Reconciliation of Share Account with Dues and Profits Capital. 



Date of 


00 


5 • 
2> * 


11 S- 


s 






Issue. 


"S 


3,C 

"3a> 


5* 


O 








GO 


> 


CO 


=H 






Aug., 1889, . 


1 


$124 67 


12 


$1,496 04 


Dues capital, as per gen- 




Feb., 1890, . 


2 


115 29 


3 


345 87 


eral ledger, 


$32,251 00 


Aug., 1890, . 


3 


106 17 


64 


6,794 88 


Profits capital, as per 




Feb , 1891, . 


4 


97 31 


83 


8,076 73 


general ledger, . 


5,076 65 


Aug., 1891, . 


5 


88 70 


38 


3,370 60 


Unpaid dues, 


352 00 


Feb., 1892, . 


6 


80 37 


31 


2,491 47 






Aug., 1892, . 


7 


72 26 


53 


3,829 78 






Feb., 1893, . 


8 


64 39 


9 


579 51 






Aug., 1893, . 


9 


56 75 


39 


2,213 25 






Feb., 1894, . 


10 


49 34 


18 


888 12 






Aug., 1894, . 


11 


42 15 


46 


1,938 90 






Feb., 1895, . 


12 


35 15 


67 


2,355 05 






Aug., 1895, . 


13 


28 35 


32 


907 20 






Feb., 1896, . 


14 


21 75 


46 


1,000 50 






Aug., 1896, . 


15 


15 33 


49 


751 17 






Feb., 1897, . 


16 


9 09 


62 


563 58 






Aug., 1897, . 


17 


3 00 


25 


75 00 
2 00 


Total, 




Dues paid in 


adva 


nee, . 


• 




Total, 

■ 


$37,679 65 


$37,679 65 



estate, 



7 

119 

35 

84 

33 

2 



$0 05 
05 



Number of shares issued during the year, 107 

Number of shares now in force, 677 

Number of shares now borrowed upon, 184 

Largest number of shares held by any one member 25 

Number of shares withdrawn during the year, . . . . .54 

Number of shares forfeited during the year, 4 

Number of shares retired during the year 23 

Highest premium received during the year, . 
Lowest premium received 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 
Number of loans on shares, .... 

Largest loan to any one member 3,500 00 

Smallest loan to any one member, 100 00 

Amount of expenses of the corporation for the year ending Oct. 31, 1897, . 174 99 

Date of examination by commissioner: June 24. 



No. 8.] SAVINGS BANK COMMISSIONERS. 



55 



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. 



Name of security committee : 
Charles T. Witt, Herman Drake, 

William G. Emery, Wm. B. Gardner. 



Regular meetings the third Wednesday of each month. 



Balance Sheet October 30, 1897. 



Assets. 


Liabilities. 


Loans on real estate, 
Loans on shares, . 
Permanent expense account, 
Real estate by foreclosure, . 
Unpaid fines, 
Cash in hands of treasurer, . 


$269,860 00 

15,375 00 

189 33 

11,088 20 

50 02 

7,847 78 

$304,410 33 


Dues capital, 

Profits capital (all series) , . 

Interest, .... 

Premiums 

Transfer fees, 
Withdrawal profits, 
Guaranty fund, . 
Surplus, .... 
Forfeited share account, 


$255,090 00 

43,289 33 

385 07 

2 35 

25 

73 41 

3,400 00 

1,984 90 

185 02 




$304,410 33 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Receipts. 


Disbursements. 


From dues capital, 


$77,571 00 


For real estate loans, . . 


$55,145 00 


interest, 


18,323 10 


share loans, . 


15,700 00 


premiums, . 


1,498 63 


dues capital withdrawn, 


58,999 00 


fines, .... 


811 67 


dues capital forfeited, . 


595 00 


transfer fees, 


5 75 


dues capital retired, 


23,451 00 


real estate loans repaid, 


48,550 00 


profits capital withdrawn, 


9,560 75 


real estate loans elimi- 




profits capital forfeited, 


106 39 


nated by foreclosure, 


7,800 00 


profits capital retired, . 


7,234 70 


share loans repaid, 


25,650 00 


temporary expenses, 


1,913 95 


withdrawal profits, 


452 04 


forfeited shares, 


304 74 


forfeiture profits, . 


2 72 


interest on retired shares, 


359 20 


forfeited shares, . 


421 38 


real estate, 


8,706 51 


real estate, . 


3,406 98 


fixtures, 


181 84 


Cash on hand Oct. 31, 1896, . 


6,576 05 


surplus, .... 


963 46 






Cash on hand Oct. 30, 1897, 


7,847 78 




$191,069 32 


$191,069 32 



56 



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. 


$1,000 00 ' 6.00 per cent. 
187,560 00 6.30 " 
56,500 00 ' 6.60 « 
10,700 00 : 6.90 " 


$6,600 00 

4,500 00 

2,100 00 

9U0 00 


7.20 per cent. 
7.50 " 
7.80 " 
8.10 " 


$13,375 00 
2,000 00 


6.30 per cent. 
6.60 



Reconciliation of Share Account with Dues and Profits Capital. 



Date of 


ao 




s . 

— ' o 


3 






Issue. 


~ 


■3 00 


**, 


© 








OQ 


> 


«2 


Ch 






April, 1888, . 


1 


$155 80 


34 


$5,297 20 1 


Dues capital, as per 




Oct., 188S, . 


2 


145 25 


26 


3,776 50 


general ledger, . 


$255,090 00 


April, 18S9, . 


3 


134 97 


138 


18,625 86 , 


Profits capital, as per 




Oct., 1889,. 


4 


125 02 


112 


14,002 24 i 


general ledger, . 


43,289 33 


April, 1890, . 





115 36 


272 


31,377 92 j 


Unpaid dues, 


1,714 00 


Oct., 1890,. 


6 


105 95 


116 


12,290 20 






April, 1891, . 


7 


96 85 


233 


22,566 05 






Oct., 1891,. 


8 


88 01 


144 


12,673 44 






April, 1892, . 


9 


79 41 


318 


25,252 38 






Oct., 1892, . 


10 


71 10 


203 


14,433 30 






April, 1893, . 


11 


63 06 


322 


20,305 32 






Oct., 1893, . 


12 


55 30 


456 


25,216 80 






April, 1894, . 


13 


47 78 


474 


22,647 72 






Oct., 1894, . 


14 


40 49 


548 


22,188 52 






April, 1895, . 


15 


33 41 


445 


14,867 45 






Oct., 1895,. 


16 


26 53 


448 


11.885 44 






April, 1896, . 


17 


19 86 


412 


8,182 32 






Oct., 1896, . 


18 


13 39 


403 


5,396 17 






April, 1897, . 


19 


7 10 


1,205 


8,555 50 






Oct., 1897, . 


20 


1 00 


350 


350 00 

203 00 






Dues paid in s 


idvai 


tee, . 


. 




Total, 


• 


• 


• 


$300,093 33 


Total, 


$300,093 33 



Number of shares issued during the year, 1,700 

Number of shares now in force, 6,659 

Number of shares now borrowed upon, 1,484 

Largest number of shares held by any one member, .... 25 
Number of shares withdrawn during the year, .... 1,277 

Number of shares forfeited during the year, 55 

Number of shares retired during the year, 222 

Highest premium received during the year, . $0 05 

Lowest premium received during the year, 05 

Number of members withdrawn during the year, 133 

Present number of members, 729 

Present number of borrowers, 169 

Present number of non-borrowers, 560 

Number of loans secured by first mortgage of real estate, . . . 145 

Number of loans on shares, 58 

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, 1897, . 1,913 95 
Date of examination by commissioner : March 15. 



No. 8.] SAVINGS BANK COMMISSIONERS. 



57 



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, Edwin N. Haines, 

James H. Richards. 



Regular meetings the first Monday of each month. 



Balance Sheet October 30, 1897. 



Assets. 


Liabilities. 


Loans on real estate, 
Loans on shares, . 
Permanent expense account, 
Temporary expense account, 
Real estate by foreclosure, . 
Unpaid interest, . 
Cash in hands of treasurer, . 


$377,530 13 

22,991 00 

119 60 

139 72 

10,174 95 

1,929 64 

8,649 23 


Dues capital, 

Profits capital (all series), . 

Interest, 

Fines, 

Guaranty fund, 

Surplus, .... 

Forfeited share account, 

Suspense account, 

Rent, . . . ... 


$349,791 00 

60,105 02 

2,002 17 

74 86 

1,856 00 

7,574 36 

56 49 

11 49 

62 88 




$421,534 27 


$421,534 27 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Keceipts. 


Disbursements. 


From dues capital, 


$85,009 00 


For real estate loans, . 


$105,177 42 


interest, 


22,752 24 


share loans, . 


23,932 00 


fines, .... 


656 83 


dues capital withdrawn, 


57,196 00 


real estate loans repaid, 


60,509 43 


dues capital retired, 


1,570 00 


real estate loans elimi- 




dues capital matured, . 


6,192 00 


nated by foreclosure, 


5,935 14 


profits capital withdrawn, 


8,794 48 


share loans repaid, 


22,370 00 


profits capital retired, . 


303 00 


rents, .... 


644 82 


profits capital matured, 


2,552 91 


city of Lynn notes, 


15,000 00 


temporary expenses, 


1,578 82 


real estate by foreclos- 




rent, .... 


247 96 


ure, .... 


1,207 48 


real estate by foreclosure, 


4,554 89 


Cash on hand Oct. 31, 1896, . 


6,663 77 


Cash on hand Oct. 30, 1897, 


8,649 23 




$220,748 71 


$220,748 71 



58 



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. 


§62,520 00 


5.00 per cent. 


S22,800 00 


6.30 per cent. 


$2,569 00 


5.00 per cent. 


2,200 00 


5.1-16 " 


100 00 


6.36 


3,626 00 


5.25 " 


15,650 00 


5J 


2,100 00 


6.42 " 


2,788 00 


5.50 " 


75,801 42 


5.25 " 


6,900 00 


6.48 


6,687 00 


5.75 " 


600 00 


5f " 


1,600 00 


6.50 " 


3,626 00 


6.00 " 


68,145 00 


5.50 " 


1,000 00 


6.54 " 


825 00 


6.06 


37,670 00 


5. 75 " 


1,200 00 


6.60 « 


400 00 


6.12 


2,000 00 


Z.7 it 


600 00 


6.66 


200 00 


6.18 " 


10.750 00 


6.00 " 


400 00 


6.78 " 


220 00 


6.24 " 


31,518 71 


6.06 " 


800 00 


6.84 


1,145 00 


6.30 " 


13,450 00 


6.12 " 


1,250 00 


7.14 " 


35 00 


6.36 


9.575 00 


6.18 " 


300 00 


7.26 


125 00 


6.48 " 


7,950 00 


6 24 " 


200 00 


7.56 


745 00 


6.50 " 


450 00 


6.25 " 











Reconciliation of Share Account with Dues and Profits Capital. 







t. 














-- • 




» 






Date of 


SB 


£ 3 




n"* 






Issue. 


"E 


kK 




© 








GO 


> 


GC 


H 






April, 1886 


,. 17 


§192 99 


17 


§3,280 83 ; 


Dues capital, as per gen- 




Oct., 1886 


. IS 


181 77 


55 


9,997 35 


eral ledger, 


§349,791 00 


April, 1887 


. 19 


170 90 


64 


10,937 60 


Profits capital, as per 




Oct., 1887 


. 20 


160 30 


60 


9,618 00 


general ledger, . 


60,105 02 


April, 1888 


. 21 


150 02 


160 


24,003 20 


Unpaid dues, 


3,836 00 


Oct., 18h8 


. | 22 


139 96 


68 


9,517 28 ! 






April, 1889 


. 1 23 


130 25 


127 


16,541 75 ! 






Oct., 1889 


. 24 


120 75 


134 


16,180 50 






April, 1890 


. 25 


111 52 


165 


18,400 80 






Oct., 1890 


. 26 


102 56 


279 


28,614 24 






April, 1891 


. 27 


93 90 


398 


37,372 20 






Oct , 1891 


. 28 


85 49 


345 


29,494 05 






April, 1892 


. 29 


77 30 


424 


32,775 20 






Oct., 1892 


. 30 


69 35 


594 


41,193 90 






April, 1893 


. 31 


61 64 


333 


20,526 12 






Oct., 1893 


. 32 


54 17 


356 


19,284 52 






April, 1894 


. 33 


46 90 


525 


24,622 50 






Oct., 1894 


.! 34 


39 84 


564 


22,469 76 






April. 1895 


.1 35 


32 96 


185 


6,097 60 






Oct., 1895 


. 36 


26 25 


396 


10,395 00 






April, 1896 


. 37 


19 70 


613 


12.076 10 






Oct., 1896. 


. I 38 


13 31 


276 


3,673 56 






April, 1897 


. I 39 


7 08 


762 


5.394 96 






Oct., 1897 


. 40 


1 00 


809 


809 00 

456 00 


Total, 




Dues paid 


m adva 


nee, . 


• 




Total, 


§413,732 02 


§413,732 02 



No. 8.] SAVINGS BANK COMMISSIONERS. 59 

Number of shares issued during the year, 1,800 

Number of shares now in force, . . . . . . 7,709 

Number of shares now borrowed upon 2,972 

Largest number of shares held by any one member, .... 25 
Number of shares withdrawn during the year, .... 1,278 

Number of shares retired during the year, 20 

Namber of shares matured during the year, 43 

Highest per centum of interest received during the year: 6 1-4. 
Lowest per centum of interest received during the year : 5. 

Number of members withdrawn during the year, 154 

Present number of members, 1,076 

Present number of borrowers, 425 

Present .number of non-borrowers, 651 

Number of loans secured by first mortgage of real estate, . . . 357 

Number of loans on shares, 220 

Largest loan to any one member, $4,500 00 

Smallest loan to any one member, 3 00 

Amount of expenses of the corporation for the year ending Oct. 31, 1897, . 1,628 82 
Date of examination by commissioner : February 12. 



60 



REPORT OF THE 



[Pub. Doc. 



EQUITY CO-OPERATIVE BANK — WORCESTER. 



Incorporated Feb. 9, 1887. Commenced business March 17, 1887. 
Charles L. Gates, President. T. J. Hastings, Secretary and Treasurer. 

Names of security committee : 

Daniel Parlin, E. J. Bardwell, 

D. C. Leonard. 



Regular meetings the Thursday next preceding the third Monday of each month. 



Balance Sheet October 30, 1897. 



Assets. 


Liabilities. 


Loans on real estate, 
Loans on shares, . 
Temporary expense account, 
Cash in hands of treasurer, . 


$287,500 00 

7,390 00 

221 29 

16,209 25 

$311,320 54 


Dues capital, 

Profits capital (all series) , . 
Interest, .... 
Fines, . . . 
Transfer fees, 
Guaranty fund, . 
Surplus, .... 
Forfeited share account, 


$258,179 00 

48,172 21 

1,025 50 

142 11 

1 00 

1,160 00 

2,576 76 

63 96 




$311,320 54 



Detailed Statement of Receipts and Disbursements for the Tear ending 

Oct. 31, 1897. 



Eeceipts. 


Disbursements. 


From dues capital, 


$78,630 00 


For real estate loans, . 


$104,400 00 


interest, . . • . 


17,255 38 


share loans, . 


6,515 00 


fines, .... 


625 69 


dues capital withdrawn, 


29,301 00 


transfer fees, 


12 00 


dues capital forfeited, . 


7 00 


real estate loans repaid, 


67,650 00 


dues capital retired, 


8,894 00 


share loans repaid, 


5,025 00 


profits capital withdrawn, 


4,351 28 


withdrawal profits, 


419 02 


profits capital retired, . 


2,103 30 


forfeited shares, . 


7 00 


temporary expenses, 


1,204 50 


expense account, 


140 76 


forfeited shares, 


3 00 


Cash on hand Oct. 31, 1896, . 


3,223 48 


Cash on hand Oct. 30, 1897, 


16,209 25 




$172,988 33 


$172,988 33 



No. 8.] SAVINGS BANK COMMISSIONEES. 



61 



Total Amount of Loans at Specified Bates of Interest. 



Loans on Real Estate. 


Loans on Shares. 


Amount. 


Rate. 


Amount. 


Rate. 


Amount. 


Rate. 


$192,550 00 
24,950 00 
26,500 00 
11,800 00 
20,800 00 
1,650 00 
2,100 00 


6 per cent. 

6£ 

6$ 

6g « 
6£ " 
6| " 
65 « 


$800 00 

250 00 

2,100 00 

3,300 00 

600 00 

100 00 


6| per cent. 

7 

7h " 

7| " 

71 " 

llf « 


$4,565 00 

1,635 00 

100 00 

60 00 

830 00 

200 00 


6 per cent. 
6* « 
64 « 
6| " 
6* " 
6| 



Reconciliation of Share Account with Dues and Profits Capital. 



Date of 
Issue. 



Mar., 1887, . 
Sept., 1887, . 
Mar., 1888, . 
Sept., 1888, . 
Mar., 1889, . 
Sept., 1889, . 
Mar., 1890, . 
Sept., 1890, . 
Mar., 1891, . 
Sept., 1891, . 
Mar., 1892, . 
Sept., 1892, . 
Mar., 1893, . 
Sept., 1893, . 
Mar., 1894, . 
Sept., 1894, . 
Mar., 1895, . 
Sept., 1895, . 
Mar., 1896, . 
Sept., 1896, . 
Mar., 1897, . 
Sept., 1897, . 





*■> . 






00 












1* 


-3 02 






ce 


> 



1 


$181 31 


2 


169 80 


3 


158 59 


4 


147 74 


5 


137 22 


6 


127 04 


7 


117 20 


8 


107 68 


9 


98 45 


10 


89 53 


11 


80 89 


12 


72 52 


13 


64 41 


14 


56 56 


15 


48 96 


16 


41 59 


17 


34 47 


18 


27 56 


19 


20 87 


20 


14 39 


21 


8 10 


22 


2 00 



Dues paid in advance, . 
Total, . 



101 
89 
76 
57 
106 
101 
118 
119 
161 
152 
224 
177 
335 
242 
426 
387 
504 
524 
820 
709 
980 
741 






518,312 31 

15.112 20 
12,052 84 

8,421 18 
14,545 32 
12,831 04 
13,829 60 
12,813 92 
15,850 45 
13,608 56 
18,119 36 
12,836 04 
21,577 35 
13,687 52 
20,856 96 
16,095 33 
17,372 88 
14,441 44 

17.113 40 
10,202 51 

7,938 00 
1,482 00 



222 00 



,322 21 



Dues capital, as per gen- 
eral ledger, 

Profits capital, as per 
general ledger, . 

Unpaid dues, . 



Total, 



$258,179 00 

48,172 21 
2.971 00 



322 21 



6 7-8. 
6. 



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 per centum of interest received during the year 

Lowest per centum of interest received 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, 

Largest loan to any one member, .... 

Smallest loan to any one member, .... 

Amount of expenses of the corporation for the year ending Oct, 31, 1897, 

Date of examination by commissioner : May 4. 



1,936 

7,149 

1,690 

25 

937 

3 

114 



106 
769 
170 
599 
183 
35 



$5,000 00 

50 00 

1,063 74 



62 



REPORT OF THE 



[Pub. Doc. 



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, Nathaniel A. Dill, 

George E. Smith. 



Regular meetings the second Tuesday of each month. 



Balance Sheet October 30, 1897. 



Assets. 


Liabilities. 


Loans on real estate, 
Loans on shares, . 
Temporary expense account, 
Unpaid fines, 
Cash in hands of treasurer, . 


866.050 00 

6,320 00 

25 56 

11 41 

7,860 95 


Dues capital, 

Profits capital (all series) , . 

Interest 

Premiums, .... 
"Withdrawal profits, 
Guaranty fund, . 
Surplus, .... 
Forfeited share account, 


§66,191 00 

11,521 49 

220 10 

9 40 

88 95 

736 76 

1,495 93 

4 29 




§80,267 92 


§80,267 92 



Detailed Statement of Receipts and Disbursements for the Tear ending 

Oct. 31, 1897. 



Receipts. 



From dues capital, 

interest, 

premiums, . 

fines, . 

transfer fees, 

real estate loans repaid 

share loans repaid, 

withdrawal profits. 
Cash on hand Oct. 31,1896, 



$19,018 00 

4,692 77 

257 20 

108 42 

50 

20,600 00 

5,008 00 

586 18 

126 89 

$50,397 96 



Disbursements. 



For real estate loans, . 
share loans, . 
dues capital withdrawn, 
dues capital retired, 
profits capital withdrawn, 
profits capital retired, . 
temporary expenses, 
forfeited shares, 

Cash on hand Oct. 30, 1897, 



$18,850 00 

2,175 00 

15,043 00 


2,940 00 

2,347 38 

690 74 


470 89 


20 00 


7,860 95 



550,397 96 



No. 8.] SAVINGS BANK COMMISSIONERS. 



63 



Total Amount of Loans at Specified Bates of Interest. 



Loans on Real Estate. 


Loans on Shares. 


Amount. 


Rate. 


Amount. 


Rate. 


Amount. 


Kate. 


$64,050 00 


6.30 per cent. 


$2,000 00 


7.20 per cent. 


$6,320 00 


6.30 per cent. 



Reconciliation of Share Account with Dues and Profits Capital. 



Date op 


as 


u 

<U OS 




a 
.-,"3 






Issue. 




3.G 


at kj 


© 








rjj 


> 


CO 


H 






Oct., 1890,. 


1 


$105 92 


177 


$18,747 84 


Dues capital, as per gen- 




April, 1891, . 


2 


96 91 


160 


15,505 60 


eral ledger, 


$66,191 00 


Oct., 1891,. 


3 


88 14 


78 


6,874 92 


Profits capital, as per 




April, 1892, . 


4 


79 63 


71 


5,653 73 


general ledger, . 


11,521 49 


Oct., 1892,. 


5 


71 38 


55 


3,925 90 


Unpaid dues, 


306 00 


April, 1893, . 


6 


63 36 


43 


2,724 48 






Oct., 1893,. 


7 


55 59 


57 


3,168 63 






April, 1894, . 


8 


48 02 


98 


4,705 96 






Oct , 1894, . 


9 


40 67 


143 


5,815 81 






April, 1895, . 


10 


33 55 


87 


2,918 85 






Oct., 1895,. 


11 


26 65 


74 


1,972 10 






April, 1896, . 


12 


19 93 


140 


2,790 20 






Oct., 1896,. 


13 


13 42 


141 


1,892 22 






April, 1897, . 


14 


7 11 


175 


1,244 25 






Oct., 1897,. 


15 


1 00 


58 


58 00 
20 00 


Total, 




Dues paid in 


adva 


nee, . 






Total, 


$78,018 49 


$78,018 49 



Number of shares issued during the year, 303 

Number of shares now in force, . 1,557 

Number of shares now borrowed upon, 475 

Largest number of shares held by any one member, . . . .25 

Number of shares withdrawn during the year, 380 

Number of shares retired during the year, 23 

Highest premium received during the year, $0 05 

Lowest premium received during the year, 05 

Number of members withdrawn during the year, . . . . . 24 

Present number of members, 170 

Present number of borrowers, 37 

Present number of non-borrowers, 133 

Number of loans secured by first mortgage of real estate, ... 33 

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, 1897, . 470 89 

Date of examination by commissioner : March 15. 



64 



REPORT OF THE 



[Pub. Doc. 



FALL RIVER CO-OPERATIVE BANK-PALL RIVER. 



Incorporated Dec. 1, 1888. Commenced business Dec. 12, 1888. 

John Barlow, President. George O. Lathrop, Secretary. 

Rodolphus N. Allen, Treasurer. 



Names of security committee : 

John Barlow, Bradford D. Davol, 

Henry "Waring. 



Regular meetings the second Wednesday of each month. 



Balance Sheet October 30, 1897. 



Assets. 



Loans on real estate, 
Loans on shares, . 
Temporary expense account 
Real estate by foreclosure, 
Profit and loss account, 
Cash in hands of secretary, 
Cash in hands of treasurer, 





$263,500 00 

3,650 00 

138 38 

1,681 21 

71 18 

43 02 

994 87 


$270,078 66 



Liabilities. 



Dues capital, 

Profits capital (all series), 

Interest, 

Fines, . 

Guaranty fund, 

Surplus, 

Personal account, 



$232,377 00 

32,976 51 

1,991 26 

105 00 

1,850 00 

774 64 

4 25 



$270,078 66 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Receipts. 


Disbursements. 


From dues capital, 


$86,763 00 


For real estate loans, . 


$120,150 00 


interest, 


17,202 24 


share loans, . 


2,600 00 


fines, .... 


503 29 


dues capital withdrawn, 


77,851 00 


real estate loans repaid, 


122,750 00 


dues capital forfeited, . 


800 00 


real estate loans elimi- 




dues capital retired, 


15,528 00 


nated by foreclosure, 


1,550 00 


profits capital withdrawn, 


8,690 67 


share loans repaid, 


1,450 00 


profits capital forfeited, 


200 70 


forfeited shares, . 


996 50 


profits capital retired, . 


4,042 40 


real estate by foreclos- 




temporary expenses, 


1,093 05 


ure, .... 


1,636 23 


interest on retired shares, 


426 20 


personal accounts, 


135 52 


forfeited shares, . 


996 50 


expense account, 


5 00 


real estate by foreclosure, 


221 15 


suspense account, 


79 16 


personal accounts, 


135 52 


profit and loss account, 


22 75 


suspense account, . 


38 85 


Cash on hand Oct. 31, 1896, . 


747 83 


interest account, . 


28 06 






fines returned, 


1 08 






profit and loss account, . 


45 




$233,841 52 


Cash on hand Oct. 30, 1897, 


1,037 89 




$233,841 52 



No. 8.] SAVINGS BANK COMMISSIONERS. 



65 



Total Amount of Loans at Specified Rates of Interest. 



Loans on Real Estate. 


Loans on Shares. 


Amount. 


Rate. 


Amount. 


Rate. 


Amount. 


Rate. 


$2,000 00 
800 00 


6.30 per cent. 
6.36 " 


$251,400 00 
9,300 00 


6.48 per cent. 
6.60 " 


$3,650 00 


6.60 per cent. 



Reconciliation of Share Account with Dues and Profits Capital. 



Date of 


QQ 


u 

01 

Q.gJ 


c 

oo o 


a3 






Issue. 


"u, 


■2* 


OS O 


o3>» 








03 


<S02 


■C&H 


o 








50 


> 


GO 


H 






Dec, 1888, . 


1 


$138 38 


82 


$11,347 16 


Dues capital, as per gen- 




Mar., 1889, . 


2 


133 38 


82 


10,937 16 


eral ledger, . 


$232,377 00 


Sept., 1889, . 


3 


123 69 


112 


13,853 28 


Profits capital, as per 




Mar., 1890, . 


4 


114 29 


164 


18,743 56 


general ledger, . 


32,976 51 


Sept., 1890, . 


5 


105 18 


159 


16,723 62 


Unpaid dues, 


1,674 00 


Mar., 1891, . 


6 


96 32 


252 


24,272 64 






Sept., 1891, . 


7 


87 73 


94 


8,246 62 






Mar., 1892, . 


8 


79 38 


198 


15,717 24 






Sept., 1892, . 


9 


71 27 


241 


17,176 07 






Mar., 1893, . 


10 


63 40 


296 


18,766 40 






Sept., 1893, . 


11 


55 76 


203 


11,319 28 






Mar., 1894, . 


12 


48 35 


327 


15,810 45 






Sept., 1894, . 


13 


41 16 


209 


8,602 44 






Mar., 1895, . 


14 


34 16 


500 


17,080 00 






Sept., 1895, . 


15 


27 36 


699 


19,124 64 






Mar., 1896, . 


16 


20 76 


1,010 


20,967 60 






Sept., 1896, . 


17 


14 35 


449 


6,443 15 






Mar., 1897, . 


18 


8 10 


1,232 


9,979 20 






Sept., 1897, . 


19 


2 00 


850 


1,700 00 
217 00 


Total, 




Dues paid in 


adva 


nee, . 


. 




Total, 


$267,027 51 


$267,027 51 



estate, 



251 
755 
170 
585 
160 
15 



$0 10 
08 



Number of shares issued during the year, 2,467 

Number of shares now in force, 7,159 

Number of shares now borrowed upon, 1,585 

Largest number of shares held by any one member, .... 25 
Number of shares withdrawn during the year, .... 2,880 

Number of shares forfeited during the year, 18 

Number of shares retired during the year, 152 

Highest premium received during the year, . 
Lowest premium received 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 
Number of loans- on shares, .... 

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, 1897, . 1,088 05 
Date of examination by commissioner : June 30. 



66 



REPORT OF THE 



[Pub. Doc. 



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, H. B. Burnham, 

S. K. Parks, William B. Hayford, 

Francis G. Washburn, Charles P. Renfrew. 



Regular meetings the first Thursday of each month. 



Balance Sheet October 30, 1897. 



Assets. 


Liabilities. 


Loans on real estate, 
Loans on shares, . 
Temporary expense account, 
Real estate by foreclosure, . 
Unpaid interest, . 
Unpaid fines, 
Cash in hands of treasurer, . 


$57,002 00 

3,263 00 

34 05 

2,620 22 

435 20 

25 10 

3,693 99 


Dues capital, . . 
Profits capital (all series), . 
Guaranty fund, . 
Forfeited share account, 
Income from real estate ac- 
count, .... 
Personal account, 


$57,259 00 

9,119 60 

533 49 

6 83 

153 68 
96 




$67,073 56 


$67,073 56 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Receipts. 




Disbursements. 




From dues capital, 
interest, 

fines, .... 
real estate loans repaid, 
share loans repaid, 
withdrawal profits, 
income from real estate, 
personal account, 

Cash on hand Oct. 31, 1896, . 


$18,169 00 

3,319 27 

65 59 

10,880 00 

1,387 00 

232 47 

220 13 

96 

4,701 87 


For real estate loans, . 
share loans, . 
dues capital withdrawn, 
profits capital withdrawn, 
temporary expenses, 
taxes, .... 
expenses of real estate, 

Cash on hand Oct. 30, 1897, . 


$19,300 00 

2,830 00 

11,515 00 

1,269 31 

227 70 

32 00 

140 29 

3,693 99 




$38,976 29 


$38,976 29 



No. 8.] SAVINGS BANK COMMISSIONERS. 



67 



Total Amount of Loans at Specified Rates of Interest. 



Loans on Real Estate. 


Loans on Shares. 


Amount. 


Kate. 


Amount. 


Rate. 


Amount. 


Rate. 


$33,852 00 
3,950 00 
1,600 00 
7,200 00 


6 per cent. 
6 1-10 " 
6 1-4 « 
6 3-10 " 


$5,000 00 
3,200 00 
2,200 00 


6 1-9 per cent. 
6 1-2 " 

7 1-5 


$3,013 00 
250 00 


6 per cent. 
6 1-7 " 



Reconciliation of Share Account with Dues and Profits Capital. 



Date ov 


n 


J-. 


c 

ID o 


o3 

a 






Issue. 


•-- 


•5.C 


OS O 


S3£> 








a> 


cStC 


•Ofr 


O 








W 


> 


02 


H 






Feb., 1890, . 


1 


$118 17 


55 


$6,499 35 


Dues capital, as per gen- 




Aug., 1890, . 


2 


108 81 


74 


8,051 94 


eral ledger, 


$57,259 00 


Feb., 1891,. 


3 


99 72 


19 


1,894 68 


Profits capital, as per 




Aug., 1891, . 


4 


90 90 


57 


5,181 30 


general ledger, . 


9,119 60 


Feb., 1892,. 


5 


82 32 


69 


5,680 08 


Unpaid dues, 


1,375 00 


Aug., 1892, . 


6 


73 99 


58 


4,291 42 






Feb., 1893, . 


7 


65 94 


103 


6,791 82 






Aug., 1893, . 


8 


58 09 


40 


2,323 60 






Feb., 1894, . 


9 


50 48 


175 


8,834 00 






May, 1894, . 


10 


46 74 


45 


2,103 30 






Nov., 1894, . 


11 


39 46 


74 


2,920 04 






May, 1895, . 


12 


32 39 


96 


3,109 44 






Nov., 1895, . 


13 


25 52 


145 


3,700 40 






May, 1896, . 


14 


18 85 


153 


2,884 05 


, 




Nov., 1896, . 


15 


12 38 


191 


2,364 58 






May, 1897, . 


16 


6 10 


176 


1,073 60 
50 00 


Total, 




Dues paid in 


advance, . 


• 




Total, . 






$67,753 60 


$67,753 60 



Number of shares issued during the year, 419 

Number of shares now in force, 1,530 

Number of shares now borrowed upon, 422 

Largest number of shares held by any one member, . . . .25 

Number of shares withdrawn during the year, 444 

Highest per centum of interest received during the year : 6. 
Lowest per centum of interest received during the year : 6. 

Number of members withdrawn during the year, 55 

Present number of members, 185 

Present number of borrowers, 42 

Present number of non-borrowers, 143 

Number of loans secured by first mortgage of real estate, ... 27 

Number of loans on shares, 30 

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, 1897, . 227 70 

Date of examination by commissioner: February 17. 



68 



REPOKT OF THE 



[Pub. Doc. 



FIDELITY CO-OPERATIVE BANK — FIT CHBURG. 



Incorporated April 25, 1888. Commenced business May 8, 1888. 
George E. Clifford, President. W. G. Hayes, Secretary and Treasurer. 



Names of security committee : 

H. G. Morse, L. H. Goodnow, 

F. F. Farrar. 



Regular meetings the second Tuesday of each month. 



Balance Sheet October 30, 1897. 



Assets. 


Liabilities. 


Loans on real estate, 


$411,110 00 


Dues capital, 


$355,152 00 


Loans on shares, . 


12,178 00 


Profits capital (all series), . 


68,763 34 


Unpaid interest, . 


5,160 00 ! 


Interest, .... 


3,841 16 


Unpaid premiums, 


20 00 ! 


Premiums, . 




16 77 


Unpaid fines, 


170 00 


Fines, . 




75 95 


Taxes paid, .... 


115 98 


Transfer fees, 




1 25 


Cash in hands of treasurer, . 


1,923 46 


Withdrawal profits, 
Guaranty fund, . 
Surplus, 




76 24 
1,350 00 
1,291 45 






Forfeited share account, 


91 95 






Gilchrist estate balance, 


17 33 




$430,677 44 






$430,677 44 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Receipts. 


Disbursements. 


From dues capital, 


$96,804 00 


For real estate loans, . 


$158,900 00 


interest, 


23,069 62 


share loans, . 


27,386 00 


premiums, . . 


181 85 


dues capital withdrawn, 


21,895 00 


fines, .... 


743 54 


dues capital forfeited, . 


554 00 


transfer fees, 


12 50 


dues capital retired, 


32,980 00 


real estate loans repaid , 


91,700 00 


profits capital withdrawn, 


1,695 78 


real estate loans elimi- 




profits capital forfeited, 


47 19 


nated by foreclosure, 


9,950 00 


profits capital retired, . 


8,691 98 


share loans repaid, 


31,440 00 


temporary expenses, 


1,099 77 


withdrawal profits, 


171 44 


interest on retired shares, 


317 76 


forfeiture profits, 


4 92 


real estate foreclosed, . 


11,908 94 


real estate by foreclos- 




taxes paid on estates not 




ure, .... 


12,626 27 


foreclosed, . 


115 98 


Cash on hand Oct. 31, 1896, . 


811 72 


Cash on hand Oct. 30, 1897, 


1,923 46 




$267,515 86 


$267,515 86 



No. 8.] SAVINGS BANK COMMISSIONERS. 



69 



Total Amount of Loans at Specified Rates of Interest. 



Loans on Real Estate. 


Loans on Shares. 


Amount. 


Rate. 


Amount. 


Rate. 


Amount. 


Rate. 


$384,310 00 

16,100 00 

1,600 00 

4,050 00 

100 00 

1,200 00 


6.00 per cent. 
6.12 " 
6.24 " 
6.36 " 
6.48 " 
6.60 " 


$1,100 00 
550 00 
1,000 00 
500 00 
100 00 
500 00 


6.72 per cent. 
6.96 " 
7.20 " 
7.44 " 
8.52 « 
9.72 " 


$12,178 00 


6 per cent. 



Reconciliation of Share Account with Dues and Profits Capital. 



Date of 


« 


, u 
0> cS 


•S to 
m U 
CD U 


a 






Issue. 


"C 


■a* 




03 >■ 








CO 


> 


CO 


Eh 






May, 1888,. 


1 


$151 69 


348 


$52,788 12 


Dues capital, as per gen- 




Sept., 1888, . 


2 


144 82 


200 


28,964 00 


eral ledger, 


$355,152 00 


Mar., 1889, . 


3 


134 75 


229 


30,857 75 


Profits capital, as per 




Sept., 1889, . 


4 


124 96 


214 


26,741 44 


general ledger, . 


68,763 34 


Mar., 1890, . 


5 


115 46 


167 


19,281 82 


Unpaid dues, . 


6,876 00 


Sept., 1890, . 


6 


106 23 


280 


29,744 40 






Mar., 1891, . 


7 


97 27 


376 


36,573 52 






Sept., 1891, . 


8 


88 57 


109 


9,654 13 






Mar., 1892, . 


9 


80 13 


369 


29,567 97 






Sept., 1892, . 


10 


71 93 


272 


19,564 96 






Mar., 1893, . 


11 


63 97 


412 


26,355 64 






Sept., 1893, . 


12 


56 24 


228 


12,822 72 






Mar., 1894, . 


13 


48 74 


407 


19,837 18 






Sept., 1894, . 


14 


41 46 


326 


13,515 96 






Mar., 1895, . 


15 


34 39 


574 


19,739 86 






Sept., 1895, . 


16 


27 52 


527 


14,503 04 






Mar., 1896, . 


17 


20 85 


801 


16,700 85 






Sept., 1896, . 


18 


14 38 


736 


10,583 68 






Mar., 1897, . 


19 


8 10 


1,343 


10,878 30 






Sept., 1897, . 


20 


2 00 


626 


1,252 00 
864 00 


Total, 




Dues paid in 


adva 


nee, . 


• 




Total, 


$430,791 34 


$430,791 34 



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 per centum of interest received during tbe year : 7.08 

Lowest per centum of interest received during the year : 6. 

Number of members withdrawn during the year, . 

Present number of members, 987 

Present number of borrowers, 345 

Present number of non-borrowers, 642 

Number of loans secured by first mortgage of real estate, . . . 299 

Number of loans on shares, . . .94 

Largest loan to any one member, 

Smallest loan to any one member, 

Amount of expenses of the corporation for the year ending Oct. 31, 1897, . 
Date of examination by commissioner : March 17. 



2,486 
8,544 
2,817 

25 
1,296 

50 
. 336 



170 



55,000 00 

10 00 

1,099 77 



70 



REPORT OF THE 



[Pub. Doc. 



FITCHBURG CO-OPERATIVE BANK— FIT CHBURG. 



Incorporated Oct. 27, 1877. Commenced business Nov. 8, 1877. 

Jabez Fisher, President. Frederick A. Currier, Secretary. 

Harrison Bailey, Treasurer. 



Names of security committee : 

Martin Webber, Nathaniel Varney, 

Edgar S. Motjlton. 



Regular meetings the third Thursday of each month. 



Balance Sheet October 30, 1897. 



Assets. 


Liabilities. 


Loans on real estate, 

Loans on shares, . 

Real estate by foreclosure, . 

Unpaid interest, . 

Unpaid premiums, 

Unpaid fines, .... 

Suspense account, . 

Personal accounts, 

Unpaid dues, .... 

Cash in hands of treasurer, . 


$689,980 00 

31,550 00 

3,108 78 

7,610 01 

97 75 

266 52 

2,702 55 

4,031 14 

7,726 00 

1,376 30 


Dues capital, 

Profits capital (all series), . 
Guaranty fund, . 
Surplus, .... 
Forfeited share account, 
Personal accounts, 
Dues paid in advance, . 
Incomplete loans, 


$595,740 00 
137,592 00 
3,508 38 
592 33 
1,474 35 
3,379 60 
3,006 00 
3,156 39 




$748,449 05 


$748,449 05 



Detailed Statement of Receipts and Disbursements for the Tear ending 

Oct. 31, 1897. 



Receipts. 


Disbursements. 


From dues capital, 


$155,574 00 


For real estate loans, . 


$219,400 00 


interest, . 


44,380 26 


share loans, . 


21,800 00 


premiums, . 


482 99 


dues capital withdrawn, 


58,322 00 


fines, .... 


1,171 43 


dues capital forfeited, . 


11,118 00 


transfer fees, 


11 00 


dues capital retired, 


26,644 00 


real estate loans repaid, 


160,160 00 


dues capital matured, . 


20,154 00 


real estate loans elimi- 




profits capital withdrawn, 


8,873 81 


nated by foreclosure, 


1,500 00 


profits capital forfeited, 


1,160 94 


real estate loans elimi- 




profits capital retired, . 


8,698 04 


nated by maturity of 




profits capital matured, 


8,826 56 


shares, 


7,000 00 


temporary expenses, 


2,304 94 


share loans repaid, 


15,735 00 


forfeited shares, . 


1,482 38 


withdrawal profits, 


873 89 


interest on retired and 




forfeiture profits, 


115 81 


matured shares, . 


1,180 35 


forfeited shares, . 


2,165 65 


personal accounts, 


7,234 68 


personal accounts, 


6,825 76 


incomplete loans, . 


40,000 00 


incomplete loans, 


36,856 39 


real estate by foreclosure, 


1,944 43 


suspense account, 


1,574 41 


surplus, .... 


500 00 


real estate by foreclos- 




Cash on hand Oct. 30, 1897, 


1,376 30 


ure, .... 


1,148 82 






Cash on hand Oct. 31, 1896, . 


5,445 02 








$441,020 43 


$441,020 43 



No. 8.] SAVINGS BANK COMMISSIONERS. 



71 



Total Amount of Loans at Specified Rates of Interest. 



Loans on Real Estate. 


Loans on Shares. 


Amount. 


Kate. 


Amount. 


Rate. 


Amount. 


Rate. 


$564,680 00 


6.00 per cent. 


$5,200 00 


6.84 per cent. 


$28,260 00 


6.00 per cent. 


48,600 00 


6.12 


1,400 00 


6.96 " 


1,660 00 


6.12 




12,000 00 


6.24 " 


2,400 00 


7.20 " 


150 00 


6.24 




14,300 00 


6.36 " 


2,400 00 


7.32 " 


400 00 


6.36 




12,150 00 


6.48 


50 00 


7.44 " 


90 00 


6.60 




12,450 00 


6.60 


100 00 


7.56 " 


50 00 


6.72 




14,250 00 


6.72 " 






520 00 

110 00 

160 00 

50 00 

50 00 


6.96 
7.20 
7.32 

7.68 
7.92 












50 00 


8.16 " 



Reconciliation of Share Account with Dues and Profits Capital. 







u 


a 












OJ . 














Q, OB 


00 








Date of 


GO 


V oS 


o '— 


c3 
O 






ISSDE. 


~u 


B% 
"3 «J 


b ° 

(Srv, 
J3" 








m 


> 


02 


H 






May, 1886, . 


18 


$198 73 


129 


$25,636 17 


Dues capital, as per gen- 




Nov., 1886, . 


19 


186 91 


115 


21,494 65 


eral ledger, 


$595,740 00 


May, 1887, . 


20 


175 48 


204 


35,797 92 


Profits capital, as per 




Nov., 1887, . 


21 


164 32 


177 


29,084 64 


general ledger, . 


137,592 00 


May, 1888, . 


22 


153 54 


431 


66,175 74 






Nov., 1888, . 


23 


143 10 


315 


45,076 50 






May, 1889,. 


24 


132 95 


467 


62,087 65 






Nov., 1889, . 


25 


123 13 


414 


50,975 82 






May, 1890, . 


26 


113 60 


369 


41,918 40 






Nov., 1890, . 


27 


104 34 


370 


38,605 80 






May, 1891, . 


28 


95 34 


344 


32,796 96 






Nov., 1891, . 


29 


86 61 


415 


35,943 15 






May, 1892, . 


30 


78 13 


353 


27,579 89 






Nov., 1892, . 


31 


69 92 


469 


32,792 48 






May, 1893, . 


32 


61 95 


258 


15,983 10 






Nov., 1893, . 


33 


54 22 


405 


21,959 10 






May, 1894, . 


34 


46 72 


531 


24,808 32 






Nov., 1894, . 


35 


39 44 


629 


24,807 76 






May, 1895, . 


36 


32 37 


921 


29,812 77 






Nov., 1895, . 


37 


25 51 


1,124 


28,673 24 






May, 1896,. 


38 


18 85 


1,000 


18,850 00 






Nov., 1896, . 


39 


12 38 


1,048 


12,974 24 






May, 1897, . 


40 


6 10 


1,557 


9,497 70 


Total, 






• 


• • 


. 




Total, 


$733,332 00 


$733,332 00 



72 



REPORT OF THE 



[Pub. Doc. 



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 per centum of interest received during the year : 20 4-10. 

Lowest per centum of interest received during the year : 6. 

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 : July 9. 



2,927 

12,045 

4,063 

25 

1,855 

306 

232 

145 



321 
1,562 
658 
904 
609 
156 



1897, . 



$5,000 00 

10 00 

2,304 94 



No. 8.] SAVINGS BANK COMMISSIONERS. 



73 



FOXBOROUGH CO-OPERATIVE BANK — FOXBOROUGH. 



Incorporated Feb. 25, 1889. Commenced business March 19, 1889. 
A. F. Bemis, President. F. S. Lane, Secretary and Treasurer. 



Names of security committee : 
"William T. Cook, Chas. C. Sumner, 

Ezra Pickens, Chas. H. Hartshorn. 



Regular meetings the third Wednesday of each month. 



Balance Sheet October 30, 1897. 



Assets. 


Liabilities. 


Loans on real estate, 

Loans on shares, . 

Cash in hands of secretary, . 


$86,750 00 
3,175 00 
2,985 61 


Dues capital, 

Profits capital (all series), . 
Interest, .... 
Premiums, .... 

Fines, 

Transfer fees, 
Withdrawal profits, 
Guaranty fund, . 
Surplus, .... 


$77,424 00 

13,207 21 

733 07 

65 23 

13 13 

25 

121 96 

174 16 

1,171 60 




$92,910 61 


$92,910 61 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



RECEIPT8. 


Disbursements. 


From dues capital, 


$26,208 00 


For real estate loans, . 


$29,650 00 


interest, 


5,133 81 


share loans, . 


2,570 00 


premiums, . 


430 62 


dues capital withdrawn, 


8,278 00 


fines, .... 


184 61 


profits capital withdrawn, 


1,148 87 


transfer fees, 


1 25 


temporary expenses, 


427 86 


real estate loans repaid, 


9,850 00 


surplus account, 


90 


share loans repaid, 


1,995 00 


Cash on hand Oct. 30, 1897, . 


2,985 61 


withdrawal profits, 


273 78 






profits account, . 


55 20 






surplus account, 


6 00 






Cash on hand Qct. 31, 1896, . 


922 97 








$45,061 24 


$45,061 24 



74 



REPORT OF THE 



[Pub. Doc, 



Total Amount of Loans at Specified Bates of Interest. 



Loans on Real Estate. 


Loans on Shares. 


Amount. 


Kate. 


Amount. 


Bate. 


Amount. 


Eate. 


833,400 00 
51,750 00 


6.30 per cent. 
6.60 " 


$400 00 
1,200 00 


6.90 per cent. 
7.20 " 


$280 00 
2,895 00 


6.30 per cent. 
6.60 



Reconciliation of Share Account with Dues and Profits Capital. 







w . 


c 


<J 






Date of 


OQ 


O-aj 

® 5 


CO O 


s 






Is&de. 






a o 


2> 








O 


■saa 


— — 


o 








OS 


> 


a; 


H 






Mar., 1889, . 


1 


$136 52 


116 


$15,836 32 


Dues capital, as per gen- 




Sept., 1889, . 


2 


126 57 


55 


6,961 35 


eral ledger, 


$77,424 00 


Mar., 1890, . 


3 


116 91 


22 


2,572 02 I 


Profits capital, as per 




Sept., 1890, . 


4 


107 58 


47 


5,056 26 


general ledger," . 


13,207 21 


Mar., 1891, . 





98 45 


65 


6,399 25 


Unpaid dues, 


527 .00 


Sept., 1891, . 


6 


89 63 


33 


2,957 79 






Mar., 1892, . 


i 


81 07 


96 


7,782 72 






Sept., 1892, . 


8 


72 74 


40 


2,909 60 






Mar., 1893, . 


9 


64 64 


60 


3,878 40 






Sept., 1893, . 


10 


56 79 


49 


2,782 71 






Mar., 1894, . 


11 


49 15 


66 


3,243 90 






Sept., 1894, . 


12 


41 77 


123 


5,137 71 






Mar., 1895, . 


13 


34 60 


175 


6,055 00 






Sept., 1895, . 


14 


27 66 


247 


6,832 02 1 






Mar., 1896, . 


15 


20 93 


244 


5,106 92 






Sept., 1896, . 


16 


14 42 


279 


4,023 18 






Mar., 1897, . 


17 


8 11 


346 


2,806 06 






Sept., 1897, . 


18 


2 00 


330 


660 00 I 
157 00 






Dues paid in 


adva 


rice, . 


• 




Total, 




• 


• 


$91,158 21 


Total, 


$91,158 21 



Number of shares issued during the year, 743 

Number of shares now in force, 2,393 

Number of shares now borrowed upon, 559 

Largest number of shares held by any one member, .... 25 

Number of shares withdrawn during the year, 316 

Highest premium received during the year, $0 10 

Lowest premium received during the year, 10 

Number of members withdrawn during the year, 38 

Present number of members, 361 

Present number of borrowers, .. .91 

Present number of non-borrowers, 270 

Number of loans secured by first mortgage of real estate, ... 75 

Number of loans on shares, 16 

Largest loan to any one member, 5,000 00 

Smallest loan to any one member, 35 00 

Amount of expenses of the corporation for the year ending Oct. 31, 1897, . 427 86 

Date of examination by commissioner: January 4. 



No. 8.] SAVINGS BANK COMMISSIONERS. 



75 



GARDNER CO-OPERATIVE BANK — GARDNER. 



Incorporated Jan. 14, 1889. Commenced business March 12, 1889. 
Guy W. Garland, President. James A. Stiles, Secretary and Treasurer. 



Names of security committee : 

Jonas R. Davis, Henry G. Pollard, 

Hosea Carter. 



Regular meetings the second Tuesday of each month. 



Balance Sheet October 30, 1897. 






Assets. 


Liabilities. 


Loans on real estate, 


$103,450 00 


Dues capital, 


$96,629 00 


Loans on shares, . 


2,070 00 


Profits capital (all series), . 


16,915 62 


Permanent expense account, 


200 00 


Interest, .... 


1,259 56 


Temporary expense account, 


101 30 


Premiums, . 




92 83 


Real estate by foreclosure, . 


2,568 78 


Fines, . 




68 47 


Unpaid interest, 


1,302 09 


Transfer fees, 




25 


Unpaid premiums, 


106 42 


Withdrawal profits, 




31 54 


Unpaid fines, 


112 82 


Guaranty fund, . 




383 13 


Insurance, .... 


6 17 


Surplus, 




993 06 


Taxes, 


101 24 


Forfeited share account, 


6 74 


Mortgages, .... 


4,829 27 






Cash in hands of treasurer, . 


1,532 11 








$116,380 20 






$116,380 20 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Receipts. 


DlSBUKSEMENTS. 


From dues capital, 


$29,079 00 


For real estate loans, . 


$19,800 00 


interest, 


6,493 53 


share loans, . 


505 00 


premiums, . 


553 63 


dues capital withdrawn, 


13,059 00 


fines, .... 


312 45 


dues capital forfeited, . 


225 00 


transfer fees, 


1 75 


dues capital retired, 


14,351 00 


real estate loans repaid, 


15,850 00 


profits capital withdrawn, 


1,890 54 


real estate loans elimi- 




profits capital forfeited, 


29 90 


nated by foreclosure, 


3,350 00 


profits capital retired, . 


4,025 52 


share loans repaid, 


1,050 00 


temporary expenses, 


584 04 


withdrawal profits, 


131 97 


interest on retired shares, 


200 10 


mortgages, . 


1,267 27 


insurance, 


9 42 


insurance, . 


3 25 


mortgages, 


3,891 04 


taxes, .... 


53 85 


taxes, .... 


53 85 


Cash on hand Oct. 31, 1896, . 


2,009 82 


Cash on hand Oct. 30, 1897, 


1,532 11 




$60,156 52 


$60,156 52 



76 



EEPORT OF THE 



[Pub. Doc. 



Total Amount of Loans at Specified Bates of Interest. 



Loans on Keal Estate. 


Loans on Shabes. 


Amount. 


Eate. 


Amount. 


Kate. 


Amount. 


Rate. 


$27,150 00 


6.12 per cent. 


$300 00 


7.20 per cent. 


$1,440 00 


6.12 per cent. 


17,000 00 


6.24 " 


4,900 00 


7.32 " 


100 00 


6.24 " 


10,950 00 


6.36 " 


850 00 


7.44 " 


35 00 


6.36 " 


6,850 00 


6.48 " 


300 00 


7.68 " 


100 00 


6.48 " 


12,250 00 


6.60 " 


600 00 


7.80 " 


280 00 


6.60 " 


6,950 00 


6.72 " 


1,900 00 


7.92 " 


50 00 


6 72 " 


6,750 00 


6.84 " 


100 00 


8.04 " 


65 00 


6.84 " 


3,800 00 


6.96 " 


250 00 


9.00 " 






2,550 00 


7.08 " 











Reconciliation of Share Account with Dues and Profits Capital. 







^ 














<o 




0) 






Date of 


w 






3 






Issue. 


"C 




s£ 


© 








GO 


> 


02 


H 






Mar., 1889, . 


1 


$135 28 


137 


$18,533 36 


Dues capital, as per gen- 




Sept., 1889, . 


2 


125 44 


77 


9,658 88 


eral ledger, 


$96,629 00 


Mar., 1890, . 


3 


115 86 


54 


6,256 44 


Profits capital, as per 




Sept , 1890, . 


4 


106 52 


41 


4,367 32 


general ledger, . 


16,915 62 


Mar., 1891, . 


5 


97 46 


62 


6,042 52 


Unpaid dues, 


2,151 00 


Sept., 1891, . 


6 


88 68 


79 


7,005 72 






Mar., 1892, . 


7 


80 18 


187 


14,993 66 






Sept., 1892, . 


8 


71 96 


65 


4,677 40 






Mar., 1893, . 


9 


63 97 


118 


7,548 46 






Sept., 1893, . 


10 


56 23 


57 


3,205 11 






Mar., 1894, . 


11 


48 74 


108 


5,263 92 






Sept., 1894, . 


12 


41 46 


82 


3,399 72 






Mar , 1895, . 


13 


34 39 


179 


6,155 81 






Sept., 1895, . 


14 


27 52 


148 


4,072 96 






Mar., 1896, . 


15 


20 85 


442 


9,215 70 






Sept , 1896, . 


16 


14 38 


203 


2,919 14 






Mar., 1897, . 


17 


8 10 


235 


1,903 50 






Sept., 1897, . 


18 


2 00 


232 


464 00 
12 00 


Total, 




Dues paid in 


adva 


nee, . 


. 




Total, 


$115,695 62 


$115,695 62 



estate, 



70 
509 
107 
402 
110 

14 



$0 25 
01 



Number of shares issued during the year 528 

Number of shares now in force, . 2,506 

Number of shares now borrowed upon, . . . . . . . 588 

Largest number of shares held by any one member, .... 25 

Number of shares withdrawn during the year, 452 

Number of shares forfeited during the year, 17 

Number of shares retired during the year, ...... 146 

Highest premium received during the year, . 
Lowest premium received 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 

Number of loans on shares, .... 

Largest loan to any one member, . 2,700 00 

Smallest loan to any one member, 50 00 

Amount of expenses of the corporation for the year ending Oct. 31, 1897, . 612 69 

Date of examination by commissioner: May 26. 



No. 8.] SAYINGS BANK COMMISSIONERS. 



77 



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 : 

Herman Obermark, Theodor Fandel, 

Nicholas Schaap. 



Regular meetings the third Tuesday of each month. 



Balance Sheet October 30, 1897. 



Assets. 


Liabilities. 


Loans on real estate, 


$257,400 00 


Dues capital, 


$232,800 00 


Loans on shares, . 


11,000 00 


Profits capital (all series), . 


41,708 99 


Permanent expense account, 


131 02 


Interest, .... 


1,476 14 


Temporary expense account, 


168 08 


Fines, 


35 50 


Real estate by foreclosure, . 


9,151 96 


Withdrawal profits, 


403 53 


Suspense account, . 


74 49 


Forfeiture profits, 


10 00 


Cash in hands of treasurer, . 


2,514 47 


Guaranty fund, . 


2,837 94 






Surplus, .... 


541 92 






Forfeited share account, 


533 80 






Suspense account, 


92 20 




|280,440 02 


$280,440 02 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Receipts. 


Disbursements. 


From dues capital, 


$72,830 00 


For real estate loans, . 


$52,820 00 


interest, . . 


16,323 34 


share loans, . 


15,850 00 


fines, .... 


327 47 


dues capital withdrawn, 


30,469 00 


transfer fees, 


2 50 


dues capital forfeited, . 


1,184 00 


real estate loans repaid, 


27,750 00 


dues capital retired, 


14,401 00 


real estate loans elimi- 




dues capital matured, . 


19,521 00 


nated by foreclosure, 


1,500 00 


profits capital withdrawn, 


3,658 84 


real estate loans elimi- 




profits capital forfeited, . 


121 06 


nated by maturity of 




profits capital retired, . 


3,440 56 


shares, 


11,150 00 


profits capital matured, . 


8,781 29 


share loans repaid, 


13,300 00 


temporary expenses, 


1,561 43 


withdrawal profits, 


912 31 


forfeited shares, 


83 30 


forfeiture profits, . 


30 34 


real estate by foreclosure, 


1,712 30 


forfeited shares, . 


612 86 


insurance, 


10 00 


suspense account, 


62 20 


Cash on hand Oct. 30, 1897, 


2,514 47 


rents, . - . 


163 63 






Cash on hand Oct. 31, 1896, . 


11,163 60 








$156,128 25 


$156,128 25 



78 



EEPOET OF THE 



[Pub. Doc, 



Total Amount of Loans at Specified Rates of Interest. 



Loass o>~ Real Estate. 



Abm ant 



Rate, 



$7,830 00 

42,750 00 
11,000 00 
76,150 00 
62.700 00 
2«.40O 00 
1,800 00 
20,700 00 

:"" ■:: 

2-30 00 



Amount. 



Rate. 




$2,000 00 

2.200 00 

2.000 00 

200 00 

750 00 



L : Aire ox Shares. 




Amount. 




Rate. 


$500 00 


5^ per cent. 


1,100 00 


53 


t< 


850 00 


6 


<< 


4,200 00 


64 


CI 


2.7-50 00 


64 


<< 


750 00 


63 


«• 


450 00 


7^ 


«( 


150 00 


lh 


a 


200 00 


75 


<( 


50 00 


Si 


i< 



Reconciliation of Share Account with Dues and Profits Capital. 







2 ^ 


j^ j: 


- 


Date or 


E 


2. u 


T. r_ 


- 


ISSCB. 


•z 


— X 


Sfe 


= > 




X 


> 


X 


:- 


Oct.. 1SS6. . 


3 


$1SS 91 


56 


$10,578 96 


April. IS 57, . 


4 


177 27 


56 


9,927 12 


Oct.. 1SS7. . 


5 


166 06 


38 


6,310 28 


April. 188S, . 


6 


155 06 


92 


14.265 52 


Oct.. 1SSS. . 


i 


144 48 


107 


15.459 36 


April, 1«S9, . 


8 


134 16 


8 


1.073 2S 


Oct , 1SS9, . 


9 


124 10 


72 


8,935 20 


April. 1S90. . 


10 


114 49 


94 


10,762 06 


Oct.. 1890, . 


11 


105 13 


136 


14.297 68 


April. 1891, . 


12 


96 10 


132 


12,685 20 


Oct.. 1891, . 


13 


S7 3S 


210 


1S.349 SO 


April, 1892, . 


14 


7S 89 


249 


19,643 61 


Oct.. 1S92. . 


15 


70 68 


190 


13.429 20 


April, 1S93. . 


16 


62 73 


336 


21,07" 28 


Oct., 1893.. 


17 


55 01 


200 


11.002 (0 


April, 1894, . 


18 


. 47 52 


391 


18,580 32 


Oct . 1S94. . 


19 


40 27 


371 


14.940 17 


April, 1895, . 


20 


33 25 


428 


14.231 00 


Oct., 1895. . 


21 


26 42 


543 


14.346 06 


April, 1S96, . 


22 


19 80 


676 


13.3S4 80 


Oct., 1S96, . 


23 


13 35 


600 


8,010 00 


April, 1897 


24 


7 09 


901 


6.3SS 09 


Oct., 1897, . 


25 


1 00 


4b9 


459 00 
131 00 


Dues paid in 


adva 


nee. . 


• 


Total, 


§278,296 99 



Dues capital, as per gen- 
eral ledger, 

Profits capital, as per 
general ledger, . 

Unpaid dues, . 



Total, 



$232,500 00 

41.708 99 
3,788 00 



--■•296 99 



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, 



1,781 

6,375 
1,491 
. -" 
1,265 
. 56 
. 173 



No. 8.] SAVINGS BANK COMMISSIONERS. 79 

Number of shares matured during the year, 141 

Highest per centum of interest received during the year : 8^. 
Lowest per centum of interest received during the year : 6. 

Number of members withdrawn during the year, 180 

Present number of members, 746 

Present number of borrowers, 149 

Present number of non-borrowers 597 

Number of loans secured by first mortgage of real estate, . . . 157 

Number of loans on shares, 44 

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, 1897, . 1,608 74 
Date of examination by commissioner: November 6. 



80 



KEPOKT OF THE 



[Pub. Doc. 



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 O. Parsons, Herbert Presson, 

Joseph C. Shepherd, Henry A. Swett. 



Regular meetings the second Thursday of each month. 



Balance Sheet October 30, 1897. 



Assets. 


Liabilities. 


Loans on real estate, 


8206,300 00 


Dues capital, 


$193,164 00 


Loans on shares, . 


19,250 00 


Profits capital (all series), . 


43,027 91 


Temporary expense account, 


73 45 


Interest, .... 


1,067 25 


Real estate by foreclosure, . 


2,357 29 


Premiums, .... 


71 39 


Unpaid interest, 


1,431 64 


Fines, 


28 44 


Unpaid premiums, 


100 95 


Transfer fees, 


75 


Unpaid fines, .... 


137 58 


Withdrawal profits, 


27 76 


Cash in hands of treasurer, . 


13,372 86 


Guaranty fund, . 


2,355 93 




, 


Surplus, 


3,272 69 






Forfeited share account, 


7 65 




$243,023 77 


$243,023 77 



Detailed Statement of Beceipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Receipts. 


Disbursements. 


From dues capital, 


$41,528 00 


For real estate loans, . 


$53,200 00 


interest, 


12,836 13 


share loans, . 


12,800 00 


premiums, . 


853 18 


dues capital withdrawn, 


10,921 00 


fines, .... 


371 25 


dues capital forfeited, . 


408 00 


transfer fees, 


4 25 


dues capital retired, 


7,753 00 


real estate loans repaid, 


27,050 00 


profits capital withdrawn, 


1,739 88 


real estate loans elimi- 




profits capital forfeited, 


56 40 


nated by foreclosure, 


2,400 00 


profits capital retired, . 


1,836 39 


share loans repaid, 


6,650 00 


temporary expenses, 


907 77 


withdrawal profits, 


433 96 


permanent expenses, 


105 00 


forfeiture profits, 


14 10 


forfeited shares, 


408 00 


forfeited shares, . 


408 00 


real estate by foreclosure, 


2,357 29 


Cash on hand Oct. 31, 1896, . 


13,316 72 


Cash on hand Oct. 30, 1897, 


13,372 86 




$105,865 59 


$105,865 59 



No. 8.] SAYINGS BANK COMMISSIONERS. 



81 



Total Amount of Loans at Specified Rates of Interest. 



Loans on Real Estate. 


Loans on Shares 


Amount. 


Rate. 


Amount. 


Rate. 


Amount. 


Rate. 


$168,350 00 

20,800 00 

11,150 00 

3,800 00 


6.30 per cent. 
6.60 " 
6.90 " 
7.20 " 


$2,200 00 


7.50 per cent. 


$15,550 00 

2,800 00 

300 00 

600 00 


6.30 per cent. 
6.60 " 
6 90 " 
7.20 " 



Reconciliation of Share Account with Dues and Profits Capital. 



Date op 


00 




c . 

•rH UJ 


6 

a 






Issue. 


*n 






(53 >. 

o 








co 


> 


co 


H 






April, 1887, . 


1 


$175 67 


126 


$22,134 42 


Dues capital, as per gen- 




Oct., 1887,. 


2 


164 68 


86 


14,162 48 


eral ledger, . 


$193,164 00 


April, 1888, . 


3 


154 00 


89 


13,706 00 


Profits capital, as per 




Oct., 1888,. 


4 


143 63 


72 


10,341 36 


general ledger, . 


43,027 91 


April, 1889, . 





133 56 


115 


15,359 40 


Unpaid dues, 


2,018 00 


Oct., 1889,. 


6 


123 79 


120 


14,854 80 






April, 1890, . 


7 


114 30 


133 


15,201 90 






Oct., 1890,. 


8 


105 09 


80 


8,407 20 






April, 1891, . 


9 


96 15 


219 


21,056 85 






Oct., 1891,. 


10 


87 48 


153 


13,384 44 






April, 1892, . 


11 


79 06 


227 


17,946 62 






Oct., 1892, . 


12 


70 87 


183 


12,969 21 






April, 1893, . 


13 


62 92 


261 


16,422 12 






Oct., 1893, . 


14 


55 20 


142 


7,838 40 






April, 1894, . 


15 


47 73 


167 


7,970 91 






Oct., 1894,. 


16 


40 46 


148 


5,988 08 






April, 1895, . 


17 


33 39 


175 


5,843 25 






Oct., 1895,. 


18 


26 52 


143 


3,792 36 






April, 1896, . 


19 


19 85 


255 


5,061 75 






Oct., 1896, . 


20 


13 38 


247 


3,304 86 






April, 1897, . 


21 


7 10 


285 


2,023 50 






Oct., 1897,. 


22 


1 00 


126 


126 00 

314 00 
$238,209 91 


Total, 




Dues paid in a 


dvar 


ice, . 


• 




Total, 


$238,209 91 



estate, 



58 
588 
216 
372 
235 

72 



05 
05 



Number of shares issued during the year, 543 

Number of shares now in force, 3,552 

Number of shares now borrowed upon, 1,318 

Largest number of shares held by any one member, .... 25 

Number of shares withdrawn during the year, 293 

Number of shares forfeited during the year, 12 

Number of shares retired during the year, 94 

Highest premium received during the year, . 
Lowest premium received 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 
Number of loans on shares, ..... 

Largest loan to any one member, 4,900 00 

Smallest loan to any one member, 50 00 

Amount of expenses of the corporation for the year ending Oct. 31, 1897, . 1,012 77 
Date of examination by commissioner: January 21. 



82 



REPORT OF THE 



[Pub. Doc. 



GRAFTON CO-OPERATIVE BANK — GRAFTON. 



Incorporated Oct. 19, 1887. Commenced business Not. 10, 1887. 
Daniel N. Gibbs, President. Joseph A. Dodge, Secretary and Treasurer. 



Names of security committee : 

John E. McClellan, Albert L. Fisher, 

Oliver M. Wing. 



Regular meetings the second Thursday of each month. 



Balance Sheet October 30, 1897. 



Assets. 



'Loans on real estate, 
Loans on shares, . 
Unpaid interest, . 
Cash in hands of treasurer, 



$49,490 00 

5,200 00 

75 15 

2,648 15 



Liabilities. 



$57,413 29 



Dues capital, 

Profits capital (all series), 

Guaranty fund, . 

Surplus, 



$45,258 00 

10,682 69 

500 00 

972 60 



|57,413 29 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Eeceipts. 



From dues capital, 
interest, 
fines, . 
transfer fees, 
real estate loans repaid 
share loans repaid, 
withdrawal profits, 
membership fees. 

Cash on hand Oct. 31, 1896, 





$10,328 00 


3,348 39 


7 36 


1 00 


5,550 00 


2,402 00 


106 27 


22 20 


631 76 


§22,396 98 



Disbursements. 



For real estate loans, . 
share loans, . 
dues capital withdrawn, 
profits capital withdrawn, 
temporary expenses, 

Cash on hand Oct. 30, 1897, . 



$8,870 00 
3,190 00 
6,343 00 
1,123 63 
222 20 
2,648 15 


$22,396 98 



Total Amount of Loans at Specified Rates of Interest. 



Loans on Real Estate. 


Loans on Shares. 


Amount. 


Rate. 


Amount. 


Rate. 


Amount. 


Rate. 


$1,400 00 
44,690 00 


6 per cent. 
6£ " 


$3,400 00 


7 per cent. 


$5,200 00 


7 per cent. 



No. 8.] SAVINGS BANK COMMISSIONERS. 



83 



Reconciliation of Share Account with Dues and Profits Capital. 



Date of 
Issue. 



Nov., 
May, 
Nov., 
May, 
Nov., 
May, 
Nov., 
May, 
Nov., 
Mav, 
Nov., 
May, 
Nov., 
Mav, 
Nov., 
May, 
Nov., 
May, 
Nov., 
May, 



- J 

— M 



s> 

o 

EH 



1887, . 
1888, . 
1888, . 
1889, . 

1889, . 

1890, . 

1890, . 

1891, . 

1891, . 

1892, . 

1892, . 

1893, . 

1893, . 

1894, . 

1894, . 

1895, . 

1895, . 

1896, . 

1896, . 

1897, . 



1 


$166 69 


2 


155 76 


3 


145 19 


4 


134 90 


5 


124 86 


6 


115 07 


7 


105 58 


8 


96 38 


9 


87 47 


10 


78 85 


11 


70 47 


12 


62 39 


13 


54 53 


14 


46 93 


15 


39 57 


16 


32 47 


17 


25 57 


18 


18 91 


19 


12 40 


20 


6 10 



Dues paid in advance, . 
Total, . 



84 
2 
11 
13 
39 
29 
20 
38 
33 
53 
46 
14 
33 
33 
107 
42 
80 
46 
66 
94 



$14,001 96 

311 52 

1,597 09 

1,753 70 

4,869 54 

3,337 03 

2,111 60 

3,662 44 

2,886 51 

4,179 05 

3,241 62 

873 46 

1,799 49 

1,548 69 

4,233 99 

1,363 74 

2,045 60 

869 86 

818 40 

573 40 



47 00 



$56,125 69 



Dues capital, as per gen 

eral ledger, 
Profits capital, as per 

general ledger, . 
Unpaid dues, 



Total, 



$45,258 00 

10,682 69 

185 00 



$56,125 69 



6£ 
64. 



Number of shares issued during the year, 160 

Number of shares now in force, 883 

Number of shares now borrowed upon, 354 

Largest number of shares held by any one member, . . . .25 

Number of shares withdrawn during the year, 134 

Highest per centum of interest received during the year 
Lowest per centum of interest received during the year : 

Number of members withdrawn during the year, 20 

Present number of members, 161 

Present number of borrowers, 66 

Present number of non-borrowers, 95 

Number of loans secured by first mortgage of real estate, . . .56 

Number of loans on shares, 26 

Largest loan to any one member $4,300 00 

Smallest loan to any one member, 35 00 

Amount of expenses of the corporation for the year ending Oct. 31, 1897, . 222 20 

Date of examination by commissioner : April 26. 



84 



KEPORT OF THE 



[Pub. Doc. 



GROVELAND CO-OPERATIVE BANK — GROVEL AND. 



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, W. H. Dewhirst, 

Samuel B. George. 



Regular meetings the third Tuesday of each month. 



Balance Sheet October 30, 1897. 



Assets. 


Liabilities. 


Loans on real estate, 
Loans on shares, . 
Permanent expense account, 
Unpaid interest, . 
Unpaid fines, .... 
Cash in hands of treasurer, . 


$6,130 00 

280 00 

140 91 

37 00 

11 30 

777 32 


Dues capital, 

Profits capital (all series), . 
Guaranty fund, . 
Surplus, .... 


$6,944 00 

399 15 

5 54 

27 84 




$7,376 53 


$7,376 53 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. . 



Receipts. 


Disbursements. 


From dues capital, 
interest, 
premiums, . 
fines, . 
transfer fees, 
share loans repaid, 
withdrawal profits, 

Cash on hand Oct. 31, 1896, 




$4,271 00 

281 45 

60 

18 34 

50 

134 00 

2 52 

882 56 


For real estate loans, . 
share loans, . 
dues capital withdrawn, 
profits capital withdrawn, 
temporary expenses, 

Cash on hand Oct. 30, 1897, 


$3,930 00 

389 00 

474 00 

11 50 

9 15 

777 32 






$5,590 97 


$5,590 97 



No. 8.] SAVINGS BANK COMMISSIONERS. 



85 



Total Amount of Loans at Specified Bates of Interest. 



Loans on Real Estate. 


Loans on Shares. 


Amount. 


Rate. 


Amount. 


Rate. 


Amount. 


Rate. 


$5,930 00 


6 per cent. 


$200 00 


6.30 per cent. 


$280 00 


6 per cent. 



Reconciliation of Share Account with Dues and Profits Capital. 



Date of 
Issue. 


in 
CD 


3 • 

OJ o3 

> 


03 


a 

OS >. 
O 

Eh 




Nov., 1895, . 
May, 1896, . 
Nov., 1896, . 
May, 1897,. 


1 

2 
3 
4 


$25 52 

18 85 

12 38 

6 10 


219 
53 
39 
64 


$5,588 88 
999 05 
482 82 
390 40 


Dues capital, as per gen- 
eral ledger, 

Profits capital, as per 
general ledger, . 

Unpaid dues, 

Total, 


$6,944 00 

399 15 
118 00 






Total, 




• 


• 


$7,461 15 


$7,461 15 



Number of shares issued during the year, 122 

Number of shares now in force 375 

Number of shares now borrowed upon, 57 

Largest number of shares held by any one member, .... 25 

Number of shares withdrawn during the year, 48 

Highest per centum of interest received during the year : 6. 
Lowest per centum of interest received during the year : 6. 

Number of members withdrawn during the year, 17 

Present number of members, 84 

Present number of borrowers, 12 

Present number of non-borrowers, 72 

Number of loans secured by first mortgage of real estate, ... 10 

Number of loans on shares, 2 

Largest loan to any one member, . $1,200 00 

Smallest loan to any one member, 100 00 

Amount of expenses of the corporation for the year ending Oct. 31, 1897, . 9 15 

Date of examination by commissioner: March 26. 



86 



REPORT OF THE 



[Pub. Doc. 



GUARDIAN CO-OPEHATIVE 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, Gamaliel Bradford, 

James M. Simpson, Hiram Ames, 

Walter H. Roberts. 



Regular meetings the first Friday of each month. 



Balance Sheet October 30, 1897. 



Assets. 


Liabilities. 


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, . 


$229,800 00 

5,400 00 

578 00 

18,716 73 

1,341 50 

57 70 

121 34 

2,338 00 

4,102 91 


Dues capital, 
Profits capital (all serie 
Interest, 
Premiums, . 
Fines, . . 
Transfer fees, 
Withdrawal profits, 
Forfeiture profits, 
Guaranty fund, . 
Surplus, 

Forfeited share accounl 
Retired share account, 


s), . 


§218,559 00 

29,823 99 

6,721 66 

383 80 

259 25 

2 00 

583 52 

6 33 

2,200 00 

3,166 29 

5 90 

744 44 




§262,456 18 






$262,456 18 



Detailed Statement of Beceipts and Disbursements for the Tear ending 

Oct. 31, 1897. 



Ekceipts. 


Disbursements. 


From dues capital, 


$72,554 00 


For real estate loans, . 


$45,750 00 


interest, 


16,291 35 


share loans, . 


5,050 00 


premiums, . . 


953 05 


dues capital withdrawn, 


31,478 00 


fines, .... 


708 48 


dues capital forfeited, . 


493 00 


transfer fees, 


4 50 


dues capital retired, 


57,558 00 


real estate loans repaid , 


59,350 00 


profits capital withdrawn, 


3,945 61 


real estate loans elimi- 




profits capital forfeited, 


35 44 


nated by foreclosure, 


17,700 00 


profits capital retired, . 


12,157 35 


share loans repaid, 


8,700 00 


temporary expenses, 


2,361 69 


withdrawal profits, 


986 16 


real estate by foreclosure, 


18,849 25 


forfeiture profits, 


9 90 


retired shares, 


66,511 07 


retired shares, 


67,255 51 


interest on retired shares, 


788 40 


mortgages, . 


82 04 


personal account, . 


40 26 


real estate by foreclos- 




Cash on hand Oct. 30, 1897, 


4,102 91 


ure, .... 


132 52 






personal account, 


40 26 






Cash on hand Oct. 31, 1896, . 


4,353 21 








$249,120 98 


$249,120 98 



No. 8.] SAYINGS BANK COMMISSIONERS. 



87 



Total Amount of Loans at Specified Rales of Interest. 





Loans on Real Estate. 




Loans on Shares. 


Amount. 


Rate. 


Amount. 


Rate. 


Amount. 


Rate. 


$204,800 00 

13.600 00 

8,200 00 


6.30 per cent. 
6.60 " 
6.90 " 


$2,000 00 
1,200 00 


7.20 per cent. 
7.50 


$4,350 00 
700 00 
350 00 


6.30 per cent. 
6.60 " 
7.20 " 



Reconciliation of Share Account with Dues and Profits Capital. 



Date ok 


CO 


— co 




CD 

s 






Issue. 


"C 


sZ 


OS O 


33 >. 








(V 


OS 3Q 


.G&* 


o 








«3 


,> 


cc 


H 






Aug., 1886, . 


1 


$188 03 


17 


$3,196 51 


Dues capital, as per gen- 




Dec, 1886, . 


2 


180 42 


30 


5,412 60 


eral ledger, 


$218,559 00 


June, 1887, . 


3 


169 32 


37 


6,264 84 


Profits capital, as per 




Dec. 1887, . 


4 


158 58 


20 


3,171 60 


general ledger, . 


29,823 99 


June, 1888, . 


b 


148 14 


26 


3,851 64 


Unpaid dues, 


2,120 00 


Dec, 1888, . 


6 


138 01 


19 


2,622 19 






June, 1889, . 


7 


128 15 


13 


1,665 95 






Dec, 1889, . 


8 


118 60 


37 


4,388 20 






June, 1890, . 


9 


109 36 


79 


8,639 44 






Dec, 1890, . 


10 


100 34 


19 


1,906 46 






June, 1891, . 


11 


91 58 


189 


17,308 62 






Dec, 1891, . 


12 


83 11 


227 


18,865 97 






June, 1892, . 


13 


74 88 


466 


34,894 08 






Dec, 1892, . 


14 


66 92 


369 


24,693 48 






June, 1893, . 


15 


59 20 


291 


17,227 20 






Dec, 1893, . 


16 


51 73 


331 


17,122 63 






June, 1894, . 


17 


44 46 


455 


20,229 30 






Dec, 1894, . 


18 


37 39 


465 


17,3t>6 35 






June, 1895, . 


19 


30 52 


452 


13,795 04 






Dec, 1895, . 


20 


23 85 


391 


9,325 35 






June, 1896, . 


21 


17 38 


458 


7,960 04 






Dec, 1896, . 


22 


11 10 


615 


6,826 50 






June, 1897, . 


23 


5 00 


697 


3,485 00 
264 00 


Total, 




Dues paid in 


adva 


nee, . 


• 




Total, 


$250,502 99 


$250,502 99 



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 premium received during the year, . 

Lowest premium received 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, .... 

Largest loan to any one member, 

Smallest loan to any one member, . 

Amount of expenses of the corporation for the year ending Oct. 31, 1897, . 

Date of examination by commissioner: April 27. 



1,383 

5,703 

1,355 

25 

957 

95 

725 



182 
766 
130 
636 
134 
29 



$0 05 
05 



5,000 00 

50 00 

2,361 69 



88 



REPORT OF THE 



[Pub. Doc. 



HAVERHILL CO-OPERATIVE BANK— HAVERHILL. 



Incorporated Aug. 20, 1877. Commenced business Sept. 3, 1877. 
Amos "W*. Downing, President. William H. Page, Secretary and Treasurer. 



Names of security committee : 
M. "Warren Hansoom, Jackson Webster, 

CHARLE8 SHAPLEIGH. 



Regular meetings the first Monday of each month. 



Balance Sheet October 30, 1897. 



A8SET8. 


Liabilities. 


Loans on real estate, 


$317,600 00 


Dues capital, 


$373,139 00 


Loans on shares, . 


9,950 00 


Profits capital (all series), . 


75,422 82 


Real estate by foreclosure, . 


25,326 07 


Guaranty fund, . 


5,850 00 


Unpaid interest, 


6,853 50 


Surplus, .... 


2,576 52 


Unpaid premiums, 


393 75 


Forfeited share account, 


272 40 


Unpaid fines. 


284 56 






Mortgage balance account, . 


550 61 






City of Somerville 4s, . 


7,000 00 






City of New Britain, Conn. ,4s, 


9,000 00 






City of Brockton 4s, 


35,000 00 






City of Quincy 4s, 


2,000 00 






City of Haverhill 4s, . 


15,000 00 






County of Aroostook, Me., 








4£s,* 


5,000 00 






Cash in hands of treasurer, . 


23,302 25 








$457,260 74 


$457,260 74 



* A legal investment when made. 

Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Receipts. 


Disbursements. 


From dues capital, 


$93,868 00 


For real estate loans, . 


$48,200 00 


interest, 


25,832 42 


share loans, . 


9.250 00 


premiums, . 


1,454 10 


dues capital withdrawn, 


42,215 00 


fines, .... 


739 34 


dues capital forfeited, . 


2,403 00 


transfer fees, 


3 75 


dues capital retired, 


49,43 i 00 


real estate loans repaid, 


66,700 00 


dues capital matured, . 


14,394 00 


real estate loans elimi- 




profits capital withdrawn, 


6,593 28 


nated by foreclosure, 


18,100 00 


profits capital forfeited, 


646 39 


real estate loans elimi- 




profits capital retired, . 


. 11,389 70 


nated by maturity of 




profits capital matured, 


6,337 59 


shares, 


1,150 00 


temporary expenses, 


2,443 31 


share loans repaid, 


10,300 00 


forfeited shares, . 


458 83 


withdrawal profits, 


659 22 


profits, .... 


1 55 


forfeiture profits, 


64 64 


real estate, 


19,503 67 


real estate, . 


9,153 41 


insurance, 


297 00 


loan, .... 


5,000 00 


matured shares, 


21,337 88 


bonds, .... 


2,000 00 


retired shares, 


58,202 68 


mortgage balance, 


78 33 


mortgage balance, . 


15 31 


surplus, 


1 55 


bonds and interest, 


14,931 86 


insurance, . 


297 00 


Cash on hand Oct. 30, 1897, . 


23,302 25 


retired shares, . . 


68,202 58 






matured shares, . 


18,531 44 






Cash on hand Oct. 31, 1896, . 


19,398 42 








$331,354 20 


$331,354 20 



No. 8.] SAVINGS BANK COMMISSIONERS. 



89 



Total Amount of Loans at Specified Rates of Interest. 



Loans on Real Estate. 



Amount. 



Rate. 



|287,600 00 

19,400 00 

6,200 00 



6.30 per cent. 
6.60 " 
6.90 " 



Amount. 



Rate. 



$2,800 00 
1,600 00 



7.20 per cent. 
7.50 " 



Loans on Shakes. 



Amount. 



Rate. 



$9,950 00 



6.30 per cent. 



Reconciliation of Share Account with Dues and Profits Capital. 



Date of 

Issue. 



May, 1886 
Nov., 1886 
May, 1887 
Nov., 1887 
May, 1888 
Nov., 1888 
May, 1889 
Nov., 1889 
May, 1890 
Nov., 1890 
May, 1891 
Nov., 1891 
May, 1892 
Nov., 1892 
May, 1893 
Nov., 1893 
May, 1894 
Nov., 1894 
May, 1895 
Nov., 1895 
May, 1896 
Nov., 1896 
May, 1897 



CO 

O 

an 


u 

93 . 

a. u 
> 


15 

16 


$197 14 
185 15 


17 


173 50 


18 


162 30 


19 


151 44 


20 


140 98 


21 


130 86 


22 


121 09 


23 


111 64 


24 


102 50 


25 


93 65 


26 


85 06 


27 


76 72 


28 


68 67 


29 


60 88 


30 


53 30 


31 


45 97 


32 


38 87 


33 


31 95 


34 


25 25 


35 


18 70 


36 


12 31 


37 


6 08 



go 

02 



Dues paid in advance, . 
Total, 



121 
109 
100 
95 
115 
182 
193 
105 
116 
366 
327 
300 
338 
188 
515 
425 
485 
364 
663 
833 
404 
620 
595 






$23,853 
20,181 
17,350 
15,418 
17,415 
25,658 
25,255 
12,714 
12,950 
37,515 
30,623 
25,518 
25,931 
12,909 
31,353 
22,652 
22,295 
14,148 
21,182 
21,033 
7,554 
7,632 
3,617 



94 
35 

00 
50 
60 
36 
98 
45 
24 
00 
55 
00 
36 
96 
20 
50 
45 
68 
85 
25 
80 
20 
60 



214 00 



$454,980 82 



Dues capital, as per gen- 
eral ledger, . 

Profits capital, as per 
general ledger, . 

Unpaid dues, 



Total, 



$373,139 00 

75,422 82 
6,419 00 



$454,980 82 



estate, 



178 
1,078 
268 
810 
225 
43 



$0 05 
05 



Number of shares issued during the year, 1,336 

Number of shares now in force, 7,559 

Number of shares now borrowed upon, 1,857 

Largest number of shares held by any one member, .... 25 
Number of snares withdrawn during the year, .... 1,204 

Number of shares forfeited during the year, 92 

Number of shares retired during the year, 610 

Number of shares matured during the year, 103 

Highest premium received during the year, . 

Lowest premium received 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 

Number of loans on shares 

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, 1897, . 2,443 31 
Date of examination by commissioner : June 25. 



w 



REPOKT OF THE 



[Pub. Doc. 



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 : 

J. E. Sweetland, Edward McManus, 

C. E. Moody, H. H. "Whitney, 

F. C. Perry. 



Regular meetings the second Friday of each month. 



Balance Sheet October 30, 1897. 



Assets. 


Liabilities. 


Loans on real estate, 


$131,400 00 


Dues capital. 


$150,427 00 


Loans on shares, . 


7,400 00 


Profits capital (all series) , . 


33,226 26 


Permanent expense account, 


218 25 


Guaranty fund, . 


186 25 


Real estate by foreclosure, . 


21,575 00 


Surplus, 


307 25 


Unpaid interest, 


2,238 74 


Forfeited share account, 


31 26 


Unpaid premiums, 


199 04 






Unpaid fines, . 


177 82 






Real estate investment ac- 








count, 


1,300 00 






Cash in hands of treasurer, . 


19,669 17 








$184,178 02 


$184,178 02 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



RECEIPT8. 


DlSBUBSEMENTS. 


From dues capital, 


$34,339 00 


For real estate loans, . 


$30,950 00 


interest, 


8,088 82 


share loans, . 


7,000 00 


premiums, . 


449 56 


dues capital withdrawn, 


22,244 00 


fines 


243 24 


dues capital retired, 


13,516 00 


transfer fees, 


6 25 


profits capital withdrawn, 


1,972 41 


real estate loans repaid, 


23,150 00 


profits capital retired, . 


6,518 09 


real estate loans elimi- 




temporary expenses, 


886 57 


nated by foreclosure, 


2,000 00 


forfeited shares, 


68 48 


share loans repaid, 


6,650 00 


interest, .... 


3 02 


withdrawal profits, 


493 49 


real estate by foreclosure, 


1,800 00 


maintaining real estate, 


131 50 


surplus account, . 


126 92 


rents, .... 


494 70 


maintaining real estate, 


1,258 17 


real estate re-sold, 


6,000 00 


Cash on hand Oct. 30, 1897, 


19,669 17 


Cash on hand Oct. 31, 1896, . 


23,966 27 








$106,012 83 


$106,012 83 



No. 8.] SAVINGS BANK COMMISSIONERS. 



91 



Total Amount of Loans at Specified Bates of Interest. 



Loans on Real Estate. 


Loans on Shares. 


Amount. 


Kate. 


Amount. 


Rate. 


Amount. 


Rate. 


$124,900 00 

2,600 00 

800 00 


6.30 per cent. 
6.60 « 
6.90 " 


$1,000 00 

1,350 00 

750 00 


7.20 per cent. 
7.50 " 
7.80 " 


$6,850 00 
550 00 


6.30 per cent. 
6.60 " 



Reconciliation of Share Account with Dues and Profits Capital. 







0> . 


c 


aj 






Date op 


OO 




CO O 


"3 






Issue. 


Th 


2% 

•3 so 




3^ 

o 








GO 


> 


02 








Nov., 1886, . 


1 


$183 21 


113 


$20,702 73 


Dues capital, as per gen- 




May, 1887, . 


2 


171 90 


72 


12,376 80 


eral ledger, 


$150,427 00 


Nov., 1887, . 


3 


161 00 


109 


17,549 00 


Profits capital, as per 




May, 1888, . 


4 


150 37 


51 


7,668 87 


general ledger, . 


33,226 26 


Nov., 1888, . 


5 


140 10 


83 


11,628 30 


Unpaid dues, 


4,764 00 


Mav, 1889,. 


6 


130 13 


79 


10,280 27 






Nov., 1889, . 


7 


120 48 


76 


9,156 48 






May, 1890, . 


8 


111 14 


86 


9,558 04 






Nov., 1890, . 


9 


102 09 


76 


7,758 84 






May, 1891, . 


10 


93 31 


97 


9,051 07 






Nov., 1891, . 


11 


84 82 


51 


4,325 82 






May, 1892, . 


12 


76 57 


109 


8,346 13 






Nov., 1892, . 


13 


68 58 


116 


7,955 28 






May, 1893, . 


14 


60 78 


103 


6,260 34 






Nov., 1893, . 


15 


53 23 


111 


5,908 53 






Mav, 1894, . 


16 


45 89 


151 


6,929 39 






Nov., 1894, . 


17 


38 77 


264 


10,235 28 






May, 1895, . 


18 


31 85 


284 


9,045 40 






Nov., 1895, . 


19 


25 14 


205 


5,153 70 






May, 1896,. 


20 


18 63 


219 


4,079 97 






Nov., 1896, . 


21 


12 28 


285 


3,499 80 






May, 1897, . 


22 


6 07 


146 


886 22 
61 00 


Total, 




Dues paid in 


adva 


nee, . 






Total, 


$188,417 26 


$188,417 26 



Number of shares issued during the year, 440 

Number of shares now in force, 2,886 

Number of shares now borrowed upon, 901 

Largest number of shares held by any one member, .... 25 

Number of shares withdrawn during the year, 345 

Number of shares retired during the year, 252 

Highest premium received during the year, $0 05 

Lowest premium received during the year, 05 

Number of members withdrawn during the year, 58 

Present number of members, 384 

Present number of borrowers, 114 

Present number of non-borrowers, 270 

Number of loans secured by first mortgage of real estate, . . .111 

Number of loans on shares, 47 

Largest loan to any one member, 5,000 00 

Smallest loan to any one member, 100 00 

Amount of expenses of the corporation for the year ending Oct. 31, 1897, . 886 57 

Date of examination by commissioner : January 25. 



92 



REPORT OF THE 



[Pub. Doc. 



HINGHAM CO-OPERATIVE BANK — HINGE! AM. 



Incorporated June 1, 1889. Commenced business June 5, 1889. 
Ebed L. Ripley, President. Walter B. Foster, Secretary and Treasurer. 



Names of security committee : 

C. Sumner Ctjshing, Stetson Foster, 

Ira G. Hersey, Francis M. Ripley, 

Edward W. Bartlett. 



Regular meetings the first Wednesday of each month. 



Balance Sheet October 30, 1897. 



Assets. 


Liabilities. 


Loans on real estate, 
Loans on shares, . 
Permanent expense account, 
Real estate by foreclosure, . 
Unpaid interest, . 
Unpaid premiums, 
Unpaid fines, .... 
Mortgage balance, 
Cash in hands of treasurer, . 


$158,950 00 

8,150 00 

327 65 

2,117 55 

743 25 

39 20 

105 00 

2,569 05 

8,718 59 


Dues capital, 

Profits capital (all series), . 
Interest, .... 
Premiums, .... 
Guaranty fund, . 
Surplus, .... 
Forfeited share account, 


$151,547 00 

29,066 33 

24 00 

1 20 

467 02 

608 12 

6 62 




$181,720 29 


$181,720 29 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Receipts. 


Disbursements. 


From dues capital, 


$39,690 00 


For real estate loans, . 


$25,300 00 


interest, 


9,829 56 


share loans, . 


3,500 00 


premiums, . 


534 50 


dues capital withdrawn, 


13,274 00 


fines, .... 


350 46 


dues capital forfeited, . 


577 00 


transfer fees, 


3 00 


dues capital retired, 


13,391 00 


real estate loans repaid, 


13,000 00 


profits capital withdrawn, 


1,810 98 


share loans repaid, 


3,300 00 


profits capital forfeited, 


87 08 


withdrawal profits, 


450 82 


profits capital retired, . 


2,863 86 


forfeiture profits, 


21 63 


temporary expenses, 


928 77 


forfeited shares, . 


463 84 


forfeited shares, . 


613 44 


real estate loans in pro- 




interest on retired shares, 


257 34 


cess of foreclosure 




real estate, 


65 67 


carried to mortgage 




security committee, 


24 60 


balance account, 


2,800 00 


mortgage balances, 


2,569 05 


house rent, . 


92 52 


Cash on hand Oct. 30, 1897, 


8,718 59 


security committee, . 


16 00 






Cash on hand Oct. 31, 1896, . 


3,429 05 








$73,981 38 


$73,981 38 



No. 8.] SAVINGS BANK COMMISSIONERS. 



93 



Total Amount of Loans at Specified Rates of Interest. 



Loans on Real Estate. 


Loans on Shares. 


Amount. 


Kate. 


Amount. 


Rate. 


Amount. 


Rate. 


$153,000 00 
3,350 00 


6.30 per cent. 
6.60 « 


$2,600 00 


6.90 per cent. 


$7,950 00 
200 00 


6.30 per cent. 
7.80 " 



Reconciliation of Share Account with Dues and Profits Capital. 







u 

09 


c 


<0 






Date of 


00 


O.Q) 


CO CD 
<0 O 


3 

^-'3 






Issue. 




H.J 


03 O 


03 fc> 










oSOJ 


-cEh 


O 








92 


> 


02 


H 






June, 1889, . 


1 


$132 77 


160 


$21,243 20 


Dues capital, as per gen- 




Nov., 1889, . 


2 


124 46 


94 


11,699 24 


eral ledger, . 


$151,547 00 


May, 1890, . 


3 


114 78 


90 


10,330 20 


Profits capital, as per 




Nov., 1890, . 


4 


105 34 


114 


12,008 76 


general ledger, . 


29,066 33 


May, 1891, . 


5 


96 19 


192 


18,468 48 


Unpaid dues, 


922 00 


Nov., 1891, . 


6 


87 29 


186 


16,235 94 






May, 1892, . 


7 


78 67 


258 


20,296 86 






Nov., 1892, . 


8 


70 35 


169 


11,889 15 






May, 1893, . 


9 


62 27 


133 


8,281 91 






Nov., 1893, . 


10 


54 46 


159 


8,659 14 






May, 1894, . 


11 


46 88 


303 


14,204 64 






Nov., 1894, . 


12 


39 55 


122 


4,825 10 






May, 1895, . 


13 


32 44 


232 


7,526 08 






Nov., 1895, . 


14 


25 55 


184 


4,701 20 






May, 1896, . 


15 


18 87 


301 


5,679 87 






Nov., 1896, . 


16 


12 39 


264 


3,270 96 






May, 1897, . 


17 


6 10 


356 


2,171 60 
43 00 


Total, 




Dues paid in 


adva 


nee, . 


. 




Total, 


$181,535 33 


$181,535 33 



estate 



66 
455 
150 
305 
141 

57 



$0 05 
05 



Number of shares issued during the year, 633 

Number of shares now in force, 3,317 

Number of shares now borrowed upon, 1,161 

Largest number of shares held by any one member, .... 25 
Number of shares withdrawn during the year, ..... 401 

Number of shares forfeited during the year 22 

Number of shares retired during the year, i 180 

Highest premium received during the year, . 
Lowest premium received 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 
Number of loans on shares, .... 

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, 1897, . 1,022 37 
Date of examination by commissioner : September 7. 



94 



REPORT OF THE 



[Pub. Doc . 



HOLBROOK CO-OPERATIVE BANK — HOLBROOK, 



Incorporated May 11, 1888. Commenced business June 11, 1888. 
Eugene Snell, President. George T. Wilde, Secretary and Treasurer. 



Names of security committee : 

Z. A. French, C. H. McCarter, 

F. B. Diman. 



Regular meetings the second Tuesday of each month. 



Balance Sheet October 30, 1897. 



Assets. 



Loans on real estate, 
Loans on shares, . 
Temporary expense account, 
Unpaid interest, . 
Unpaid premiums, 
Unpaid fines, 
Cash in hands of treasurer, . 




Liabilities. 



Dues capital, 

Profits capital (all series) , 

Interest, 

Premiums, . 

Fines, . 

Transfer fees, 

Withdrawal profits, 

Guaranty fund, . 

Surplus, 



55,199 00 

8,125 35 

1,171 25 

61 75 

94 32 

1 25 

203 13 

260 00 

1,297 67 



5,413 72 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Keceipts. 


Disbursements. 


From dues capital, 


$8,059 00 


For real estate loans, . 


$10,350 00 


interest, 


2,495 41 


share loans, . 


2,400 00 


premiums, . 


137 38 


dues capital withdrawn, 


6,738 00 


fines, .... 


194 58 


profits capital withdrawn, 


1,282 20 


transfer fees, 


2 25 


temporary expenses, 


134 45 


real estate loans repaid, 


7,150 00 


permanent expenses, 


14 00 


share loans repaid, 


2,475 00 


surplus, .... 


1 40 


withdrawal profits, 


320 55 


dues (error), . 


2 00 


profits. 


1 40 


Cash on hand Oct. 30, 1897, 


1,226 39 


Cash on hand Oct. 31, 1896, . 


1,312 87 








$22,148 44 


$22,148 44 



No. 8.] SAVINGS BANK COMMISSIONEES. 



95 



Total Amount of Loans at Specified Rates of Interest. 



Loans on Real Estate. 


Loans on Shabes. 


Amount. 


Rate. 


Amount. 


Rate. 


Amount. 


Rate. 


$41,900 00 


6.30 per cent. 


- 


- 


$2,500 00 


6.30 per cent. 



Reconciliation of Share Account with Dues and Profits Capital. 



Date of 


CO 


a> ■ 




3 






Issue. 








e3>- 
•5 








w 


> 


w 


H 






June, 1888, . 


1 


$148 35 


no 


$16,318 50 


Dues capital, as per gen- 




Dec, 1888, . 


2 


138 05 


73 


10,077 65 


eral ledger, 


$35,199 00 


June, 1889, . 


3 


128 59 


5 


642 95 


Profits capital, as per 




Dec, 1889, . 


4 


119 04 


21 


2,499 84 


general ledger, . 


8,125 35 


June, 1890, . 


5 


109 76 


2 


219 52 


Unpaid dues, 


785 00 


Dec, 1890, . 


6 


100 77 


3 


302 31 






June, 1891, . 


7 


92 01 


14 


1,288 14 






Dec, 1891, . 


8 


83 53 


20 


1,670 60 






June, 1892, . 


9 


75 29 


10 


752 90 






Dec, 1892, . 


10 


67 29 


21 


1,413 09 






June, 1893, . 


11 


59 52 


12 


714 24 






Dec, 1893, . 


12 


51 97 


14 


727 58 






June, 1894, . 


13 


44 64 


23 


1,026 72 






Dec, 1894, . 


14 


37 53 


53 


1,989 09 






June, 1895, . 


15 


30 64 


29 


888 56 






Dec, 1895, . 


16 


23 93 


46 


1,100 78 






June, 1896, . 


17 


17 42 


68 


1,184 56 






Dec, 1896, . 


18 


11 12 


86 


956 32 






June, 1897, . 


19 


5 00 


63 


315 00 
21 00 


Total, 




Dues paid in 


adva 


ace, . 






Total, . 


$44,109 35 


$44,109 35 



Number of shares issued during the year, 150 

Number of shares now in force, 673 

Number of shares now borrowed upon, 269 

Largest number of shares held by any one member, . . . .25 

Number of shares withdrawn during the year, 158 

Highest per centum of interest received during the year : 6.30. 
Lowest per centum of interest received during the year : 6.30. 

Number of members withdrawn during the year, 16 

Present number of members, 143 

Present number of borrowers, . . . . . . . .55 

Present number of non-borrowers 88 

Number of loans secured by first mortgage of real estate, ... 46 

Number of loans on shares, 9 

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, 1897, . 148 45 

Date of examination by commissioner : March 30. 



96 



REPORT OF THE 



[Pub. Doc. 



HOLYOKE CO-OPERATIVE BANK — HOLYOKE. 



Incorporated July 24, 1880. Commenced business Aug 25, 1880. 
Charles L. Newcomb, President. Dwight 0. Jtjdd, Secretary and Treasurer. 



Names of security committee : 

John H. Montgomery, Thomas "W. Doyle, 

W. H. Btjllard. 



Regular meetings the fourth Wednesday of each month. 



Balance Sheet October 30, 1897. 



Assets. 


Liabilities. 


Loans on real estate, 


$228,600 00 


, Dues capital, 


$223,170 00 


Loans on shares, . 


14,950 00 


Profits capital (all series), . 


44,974 43 


'Permanent expense account, 


163 70 


Guaranty fund, . 


1,057 42 


Unpaid interest, 


1,091 00 


Forfeited share account, 


76 55 


Unpaid premiums, 


2 24 


Profit and loss account, 


1,432 19 


Unpaid fines, 


48 45 






Unpaid dues, 


1,696 00 






Furniture account, 


445 50 






Mortgage account, . 


2,000 00 






Cash in hands of treasurer, . 


21,713 70 








$270,710 59 


$270,710 59 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Receipts. 


DlSBUBSEMENTS. 


From dues capital, 


$59,954 00 


For real estate loans, . 


$69,200 00 


interest, 


14,891 19 


share loans, . 


13,750 00 


premiums, . 


140 66 


dues capital withdrawn, 


18,667 00 


fines, .... 


671 48 


dues capital forfeited, . 


1,124 00 


transfer fees, 


4 75 


dues capital matured, . 


7,332 00 


real estate loans repaid, 


42,550 00 


profits capital withdrawn, 


1,871 27 


real estate loans elimi- 




profits capital forfeited, 


186 10 


nated by foreclosure, 


2,700 00 


profits capital matured, 


3,094 50 


real estate loans elimi- 




temporary expenses, 


1,577 90 


nated by maturity of 




permanent expenses, 


45 15 


shares, 


900 00 


forfeited shares, . 


1,016 02 


share loans repaid, 


9,300 00 


interest on matured 




withdrawal profits, 


469 46 


shares, 


154 96 


forfeiture profits, . 


76 14 


fines refunded, 


2 60 


forfeited shares, . 


1,058 52 


furniture account, . 


31 00 


generalexpenseaccount, 


86 50 


real estate by foreclosure, 


2,961 38 


real estate account, 


3,001 62 


mortgage account, 


2,000 00 


Cash on hand Oct. 31, 1896, . 


8,923 26 


Cash on hand Oct. 30, 1897, 


21,713 70 




$144,727 58 


$144,727 58 



No. 8.] SAVINGS BANK COMMISSIONERS. 



97 



Total Amount of Loans at Specified Rates of Interest. 



Loans on Real Estate. 


Loans on Shares. 


Amount. 


Rate. 


Amount. 


Rate. 


Amount. 


Rate. 


$214,950 00 

800 00 

8,200 00 

2,000 00 

1,000 00 


6 00 per cent. 
6.06 " 
6.30 « 
6.42 " 
6.54 " 


$200 00 

1,000 00 

350 00 

100 00 


6.60 per cent. 
6.90 " 
6.96 «« 
10.68 " 


$14,300 00 

600 00 

50 00 


6.00 per cent. 
6.30 " 
9.06 " 



Reconciliation of Share Account with Dues and Profits Capital. 



Date of 

Issue. 



a. » 



r* 
















09 








u 






fe 


02 








May, 1886, . 
Nov., 1886, . 
May, 1887, . 
Nov., 1887, . 
Mav, 1888, . 
Nov., 1888, . 
May, 18*9, . 
Nov., 1889, . 
Mav, 1890,. 
Nov., 1890, . 
May, 1891,. 
Nov., 1891,. 
May, 1892, . 
Nov., 1892, . 
May, 1893, . 
Nov. ,1893, . 
May, 1894, . 
Nov., 1894, . 
May, 1895, . 
Nov., 1895, . 
Mav, 1896, . 
Nov., 1896, . 
May, 1897, . 



12 


$197 39 


13 


185 73 


14 


174 35 


15 


163 36 


16 


152 72 


17 


142 37 


18 


132 32 


19 


122 55 


20 


113 09 


21 


103 88 


22 


94 95 


23 


86 28 


24 


77 86 


25 


69 70 


26 


61 76 


27 


54 06 


28 


46 58 


29 


39 32 


30 


32 27 


31 


25 43 


32 


18 79 


33 


12 34 


34 


6 08 



Dues paid in advance, . 
Total, . 



62 

42 

41 

66 

92 

100 

64 

116 

131 

118 

97 

162 

308 

227 

220 

12.1 

293 

294 

404 

504 

470 

465 

489 



$12,238 18 

7,800 66 

7,148 35 

10,781 76 

14,050 24 

14,237 00 

8,468 48 

14,215 80 

14,814 79 

12,257 84 

9,210 15 

13,977 36 

23,980 88 

15,821 90 

13,587 20 

6,757 50 

13,647 94 

11,560 08 

13,037 08 

12,816 72 

8,831 30 

5,738 10 

2,973 12 



192 00 



,144 43 



Dues capital, as per gen- 
eral ledger, 

Profits capital, as per 
general ledger, . 



Total, 



$223,170 00 
44,974 43 



,144 43 



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 matured during the year, . 

Highest per centum of interest received during the year : 10.68. 

Lowest per centum of interest received during the year : 6. 

Number of members Avithdrawn 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 : July 29. 



1,113 
4,890 
1,581 
. 25 
. 783 
. 43 
. 52 



127 
779 
282 
497 
220 
62 



1897, 



4,500 00 

50 00 

1,526 78 



98 



EEPORT OF THE 



[Pub. Doc. 



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. D. C. Leonard, 

E. J. Bardwell. 



Regular meetings the Friday preceding the third Monday of each month. 



Balance Sheet October 30, 1897. 



Assets. 


Liabilities. 


Loans on real estate, 
Loans on shares, . 
Temporary expense account, 
Mortgage, .... 
Cash in hands of treasurer, . 


$358,500 00 

13,965 00 

618 99 

3,300 00 

21,439 47 


[ Dues capital, 
Profits capital (all series), . 

Interest 

Fines, 

Transfer fees, 
Guaranty fund, . 
Surplus, .... 
Forfeited share account, 


$322,780 00 

59,117 68 

7,437 66 

282 54 

9 00 

2,300 00 

5,855 81 

40 77 




.$397,823 46 


$397,823 46 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Receipts. 


DISBUBSEMENT8. 


From dues capital, 


$85,285 00 


j For real estate loans, . 


$75,250 00 


interest, 


24,215 15 


share loans, . 


3,840 00 


fines, .... 


917 15 


dues capital withdrawn, 


40,652 00 


transfer fees, 


12 00 


dues capital forfeited, . 


750 00 


real estate loans repaid, 


75,150 00 


dues capital retired, 


13,542 00 


real estate loans elimi- 




dues capital matured, . 


26,194 00 


nated by maturity of 




profits capital withdrawn, 


7,177 65 


shares, 


3,600 00 


profits capital forfeited, . 


157 90 


share loans repaid, 


9,995 00 


profits capital retired, . 


2,948 75 


withdrawal profits, 


562 19 


profits capital matured, 


12,373 64 


forfeiture profits, . 


13 45 ■ 


temporary expenses, 


1,505 41 


forfeited shares, . 


888 15 , 


forfeited shares, 


906 15 


expense account, 


88 22 I 


interest on retired shares, 


197 17 


mortgage, . 


3,300 00 | 


mortgage, 


3,300 00 


Cash on hand Oct. 31, 1896, . 


6,207 83 ' 


Cash on hand Oct. 30, 1897, 


21,439 47 




$210,234 14 i 


$210,234 14 



No. 8.] SAVINGS BANK COMMISSIONERS. 



99 



Total Amount of Loans at Specified Rates of Interest. 



Loans on Real Estate. 



Amount. 


Rate. 


$252,450 00 

45,000 00 

26,350 00 

11,900 00 

8,200 00 

2,600 00 


6 per cent. 
6| 

H " 

6| " 

6d « 
6| " 



Amount. 



Rate. 



$7,100 00 

400 00 

2,600 00 

1,200 00 

100 00 

600 00 



6$ per cent. 

7 

7£ 

71 

74 " 

7} 



Loans on Shares. 



Amount. 



58,615 00 

2,310 00 

2,065 00 

575 00 

50 00 

300 00 

50 00 



Rate. 



6 

61 
6i 
6| 

7 
8* 



per cent. 



Reconciliation of Share Account with Dues and Profits Capital. 









c 


a> 






Date of 


CO 


O.CU 


£2 


s 
i— ."3 






Issue. 


'u. 


"3 55 


5 o 


o 








JC 


> 


50 


H 






June, 1886, 


9 


$195 75 


99 


$19,379 25 


Dues capital, as per gen- 




Dec, 1886, 


10 


183 83 


67 


12,316 61 


eral ledger, 


$322,780 00 


June, 1887, 


11 


172 20 


74 


12,742 80 


Profits capital, as per 




Dec, 1887, . 


12 


160 99 


46 


7,405 54 


general ledger, . 


59,117 68 


June, 1888, . 


13 


150 17 


13 


1,952 21 


Unpaid dues, 


2,998 00 


Dec, 1888, . 


14 


139 70 


121 


16,903 70 






June, 1889, . 


15 


129 58 


166 


21,510 28 






Dec, 1889, . 


16 


119 77 


158 


18,923 66 






June, 1890, . 


17 


110 31 


160 


17,649 60 






Dec, 1890, 


18 


101 15 


194 


19,623 10 






June, 1891, 


19 


92 29 


293 


27,040 97 






Dec, 1891, 


20 


83 71 


399 


33,400 29 






June, 1892, . 


21 


75 39 


372 


28,045 08 






Dec, 1892, . 


22 


67 31 


367 


24,702 77 






June, 1893, . 


23 


59 48 


194 


11,539 12 






Dec, 1893, 


24 


51 90 


441 


22,887 90 






June, 1894, . 


25 


44 56 


473 


21,076 88 






Dec, 1894, 


26 


37 45 


606 


22,694 70 






June, 1895, 


27 


30 57 


339 


10,363 23 






Dec, 1895, 


28 


23 89 


480 


11,467 20 






June, 1896, 


29 


17 40 


525 


9,135 00 






Dec, 1896, 


30 


11 11 


789 


8,765 79 






June, 1897, 


31 


5 00 


1,021 


5,105 00 
265 00 


Total, 




Dues paid in adva 


nee, . 


• 




Total, 


• 


$384,895 68 


$384,895 68 



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.per centum of interest received during the year: 6J. 
Lowest per centum of interest received during the year : 6. 



1,876 
7,397 
2,246 
. 25 
1,022 
. 15 
. 175 
, 190 



100 KEPORT OF THE [Pub. Doc. 

Number of members withdrawn during the year, 148 

Present number of members, 819 

Present number of borrowers, 208 

Present number of non-borrowers, 611 

Number of loans secured by first mortgage of real estate, . . . 199 

Number of loans on shares, 64 

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, 1897, . 1,417 19 
Date of examination by commissioner : May 4. 



No. 8.] SAVINGS BANK COMMISSIONERS. 



101 



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 D. Campbell, John K. Fellows, 

Walter H. Roberts. 



Regular meetings the second Wednesday of each month. 



Balance Sheet October 30, 1897. 



Assets. 


Liabilities. 


Loans on real estate, 


$385,300 00 


Dues capital, 


$352,413 00 


Loans on shares, . 


12,050 00 


Profits capital (all series), . 


73,211 56 


Temporary expense account, 


371 55 


Interest, .... 


4,360 08 


Real estate by foreclosure, . 


19,655 07 


Premiums, . 




308 95 


Unpaid interest, . 


3,160 70 


Fines, . 




262 13 


Unpaid premiums, 


225 15 


Transfer fees, 




3 25 


Unpaid tines, 


311 74 


Withdrawal profits, 




505 39 


Mortgages, .... 


9,955 00 


Forfeiture profits, 




7 95 


Cash in hands of treasurer, . 


10,533 63 


Guaranty fund, . 
Surplus, 




3,150 00 
6,900 98 






Forfeited share account, 


439 55 




$441,562 84 






$441,562 84 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Receipts. 


Disbursements. 


From dues capital, 


$91,783 00 


For real estate loans, . 


$80,750 00 


interest, 


25,342 51 


share loans, . 


9,800 00 


premiums, . 


1,889 40 


dues capital withdrawn, 


31,940 00 


fines, .... 


1,448 90 


dues capital forfeited, . 


3,081 00 


transfer fees, 


12 00 


dues capital retired, 


37,338 00 


real estate loans repaid, 


53,000 00 


dues capital matured, . 


9,760 00 


real estate loans elimi- 




profits capital withdrawn, 


5,894 79 


nated by foreclosure, 


27,200 00 


profits capital forfeited, 


581 97 


real estate loans elimi- 




profits capital retired, . 


12,083 10 


nated by maturity of 




profits capital matured, 


4,480 62 


shares, 


8,600 00 


temporary expenses, 


2,419 70 


share loans repaid, 


15,200 00 


forfeited shares, 


158 11 


withdrawal profits, 


1,473 50 


interest on matured 




forfeiture profits. 


147 61 


shares, ... 


322 73 


forfeited shares, . 


267 19 


interest on retired shares, 


695 20 


retired shares, 


48,037 17 


estates, .... 


27,281 54 


mortgages, . 


745 00 


retired shares, 


48,421 05 


estates, 


12,032 52 


matured shares, 


5,456 25 


matured shares, . 


5,456 25 


mortgages, 


5,500 00 


surplus. 


3 64 


profits, .... 


3 64 


personal account, 


43 89 


personal account, . 


43 89 


Cash on hand Oct. 31, 1896, . 


3,887 64 


surplus, .... 


25 00 






Cash on hand Oct. 30, 1897, . 


10,533 63 




$296,570 22 


$296,570 22 



102 



REPORT OF THE 



[Pub. Doc. 



Total Amount of Loans at Specified Rates of Interest. 



Loans on Real Estate. 


Loans on Shakes. 


Amount. Eate. 


Amount. Eate. 


Amount. 


Eate. 


$285,850 00 
54,150 00 
22,900 00 
13,300 00 


6.30 per cent. 
6.60 " 
6.90 " 
7.20 " 


$5,600 00 

2,700 00 

800 00 


7.50 per cent. 

7.80 

8.10 " 


$10,450 00 

1,100 00 

500 00 


6.30 per cent. 
6.60 « 
7.20 " 



Reconciliation of Share Account ivith Dues and Profits Capital. 




$0 10 
05 



Number of shares issued during the year, 1,457 

Number of shares now in force, 7,791 

Number of shares now borrowed upon, 2,211 

Largest number of shares held by any one member, .... 25 

Number of shares withdrawn during the year, 878 

Number of shares forfeited during the year, 159 

Number of shares retired during the year, 360 

Number of shares matured during the year, 71 

Highest premium received during the year, . 
Lowest premium received 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 
Number of loans on shares, .... 

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, 1897, . 2,419 70 
Date of examination by commissioner: April 27. 



estate, 



190 
947 
240 
707 
242 
"53 



No. 8.] SAVINGS BANK COMMISSIONERS. 



103 



HOUS ATONIC 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, E. S. Thatcher, 

R. H. McDonald. 



Regular meetings the first Monday of each month. 



Balance Sheet October 30, 1897. 



Assets. 


Liabilities. 


Loans on real estate, 
Loans on shares, . 
Unpaid interest, 
Unpaid fines, .... 
Cash in hands of treasurer, . 


$17,575 00 

1,450 00 

37 92 

2 22 

2,011 45 


Dues capital, 

Profits capital (all series), . 
Guaranty fund, . 
Surplus, .... 


$17,648 00 

3,237 71 

114 21 

76 67 




$21,076 59 


$21,076 59 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Receipts. 




Disbursements. 




From dues capital, 
interest, 

fines, .... 
real estate loans repaid, 
share loans repaid, 
withdrawal profits, 

Cash on hand Oct. 31, 1896, . 


$1,532 00 

991 49 

16 25 

1,400 00 

350 00 

26 70 

638 75 

$7,955 19 


For real estate loans, . 
share loans, . 
dues capital withdrawn, 
profits capital withdrawn, 
temporary expenses, 
interest refunded on loan , 

Cash on hand Oct. 30, 1897, 

l 


$3,600 00 

350 00 

1,655 00 

221 91 

114 75 

2 08 

2,011 45 




$7,955 19 



104 



EEPORT OF THE 



[Pub. Doc. 



Total Amount of Loans at Specified Rates of Interest. 



Loans on Keal Estate. 


Loans on Shares. 


Amount. 


Kate. 


Amount. 


Kate. 


Amount. Kate. 


$3,500 00 
2,200 00 
4,725 00 


5 per cent. 
5£ 


$2,100 00 

4,900 00 

150 00 


5| per cent. 
6 " " 
6i " 


$500 00 i 5 per cent. 
100 00 5\ " 
350 00 5| " 
500 00 i 6 " 



Reconciliation of 


Share Account with Dues and Profits Capital. 










aj 




Date of 


m 


O eg 


to -J 


.-."3 




Issue. 


*c 


« M 


Gfr 


o 






cc 


> 


Xi 


i* 




July, 1889, . 


1 


$125 72 


69 


$8,674 68 


Dues capital, as per gen- 




Jan., 1890, . 


2 


116 87 


7 


818 09 


eral ledger, 


$17,648 00 


Jan., 1891, . 


4 


99 06 


12 


1,188 72 


Profits capital, as per 




July, 1891, . 





90 58 


11 


996 38 


general ledger, . 


3,237 71 


Jan., 1892, . 


6 


82 40 


19 


1,565 60 


Unpaid dues, . 


109 00 


July, 1892, . 


7 


74 30 


20 


1,486 00 






July, 1893, . 


9 


58 79 


29 


1,704 91 






Jan., 1894, . 


10 


51 30 


26 


1,333 80 






July, 1894, . 


11 


44 01 


10 


440 10 






Jan., 1895, . 


12 


36 88 


15 


553 20 






Nov., 1895, . 


13 


25 38 


30 


761 40 






May, 1896,. 


14 


18 76 


20 


375 20 






Nov., 1896, . 


15 


12 33 


38 


468 54 






May, 1897, . 


16 


6 09 


101 


615 09 
13 00 


Total, . . . 




Dues paid in advance, . 


. 




Total, . 


$20,994 71 


$20,994 71 



Number of shares issued during the year, 156 

Number of shares now in force, 407 

Number of shares now borrowed upon, 142 

Largest number of shares held by any one member 25 

Number of shares withdrawn during the year, 69 

Highest per centum of interest received during the year : 5£. 
Lowest per centum of interest received during the year : 5. 

Number of members withdrawn during the year, 9 

Present number of members, . .83 

Present number of borrowers, 28 

Present number of non-borrowers 55 

Number of loans secured by first mortgage of real estate, ... 18 

Number of loans on shares, 10 

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, 1897, • 114 75 

Dare of examination by commissioner : September 21. 



No. 8.] SAVINGS BANK COMMISSIONERS. 



105 



HUDSON CO-OPERATIVE BANK — HUDSON. 



Incorporated Oct. 22, 1885. Commenced business Nov. 19, 1885. 
A. T. Knight, President. C. H. Hill, Secretary. 

C. E. Hall, Treasurer. 



Names of security committee : 

R. Henry Hapgood, Chas. F. Welch, 

Frank E. Brown. 



Regular meetings the third Thursday of each month. 



Balance Sheet October 30, 1897. 



Assets. 


Liabilities. 


Loans on real estate, 
Loans on shares, . 
Permanent expense account, 
Real estate by foreclosure, . 
Unpaid interest, 
Mortgage, .... 
Cash in hands of treasurer, . 


$205,100 00 
7,680 00 
280 21 
10,013 84 
2,069 50 
3,775 00 
6,410 42 


Dues capital, 

Interest, .... 
Guaranty fund, . 
Surplus, .... 
Forfeited share account, 


$192,995 00 

39,450 00 

1,678 72 

915 05 

290 20 




$235,328 97 


$235,328 97 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Receipts. 


Disbursements. 


From dues capital, 


$50,871 00 


For real estate loans, . 


$47,750 00 


interest, 


12,399 25 


share loans, . 


7,390 00 


premiums, . 


73 08 


dues capital withdrawn, 


22,003 00 


fines, .... 


621 63 


dues capital forfeited, . 


2,921 00 


transfer fees, 


25 


dues capital retired, 


13,792 00 


real estate loans repaid, 


30,400 00 


dues capital matured, . 


961 00 


real estate loans elimi- 




profits capital withdrawn, 


3;329 63 


nated by foreclosure, 


8,400 00 


profits capital forfeited, . 


597 51 


share loans repaid, 


7,060 00 


profits capital retired, . 


4,338 13 


withdrawal profits, 


826 54 


profits capital matured, 


436 03 


forfeiture profits, 


146 00 


temporary expenses, 


986 73 


forfeited shares, . 


2,570 93 


permanent expenses, 


280 21 


rents, .... 


410 51 


forfeited shares, 


2,290 03 


real estate by foreclos- 




taxes, .... 


505 72 


ure, .... 


450 00 


repairs, . 


101 63 


Cash on hand Oct. 31, 1896, . 


5,023 37 


real estate by foreclosure, 


1,384 52 






mortgage, 


3,775 00 






Cash on hand Oct. 30, 1897, . 


6,410 42 




$119,252 56 


$119,252 56 



106 



REPORT OF THE 



[Pub. Doc. 



Total Amount of Loans at Specified Bates of Interest. 



Loans on Eeal Estate. 


Loans on Shares. 


Amount. 


Kate. 


Amount. 


Rate. 


Amount. 


Rate. 


$196,350 00 
5,750 00 


6.00 per cent. 
6.30 " 


$2,400 00 
600 00 


6.60 per cent. 
6.90 " 


$7,680 00 


6 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 per centum of interest received during the year : 6. 

Lowest per centum of interest received during the year : 6. 

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 15. 



870 

4,246 

1,203 

25 

724 

59 

144 

7 



41 
553 
189 
364 
148 

41 



1897, . 



$4,000 00 

25 00 

1,186 73 



No. 8. J SAVINGS BANK COMMISSIONERS. 



107 



HYDE PARK CO-OPERATIVE BANK — HYDE PARK. 



Incorporated March 26, 1886. Commenced business May 5, 1886. 
Thomas E. Fatjnce, President. George T. Brady, Secretary and Treasurer. 



Names of security committee : 

James D. McAvoy, Hiram J. Townsend, 

Charles S. Prescott. 



Regular meetings the first Wednesday of each month. 



Balance Sheet October 30, 1897. 



Assets. 



Loans on real estate, 
Loans on shares, . 
Permanent expense account, 
Temporary expense account, 
Unpaid fines, 

Real estate by foreclosure, . 
Cash in hands of treasurer, . 



$191,100 00 

7,850 00 

128 00 

319 58 

71 64 

8,915 82 

5,717 86 



$214,102 90 



Liabilities. 



Dues capital, 

Profits capital (all series) , 

Interest, 

Premiums, . 

Transfer fees, 

Withdrawal profits, 

Guaranty fund, . 

Surplus, 



$175,750 00 

34,724 29 

878 93 

65 11 

1 50 

193 24 

1,345 39 

1,144 44 

$214,102 90 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Receipts. 


Disbursements. 


From dues capital, 


$49,755 00 


For real estate loans, . 


$60,100 00 


interest, 


12,768 04 


share loans, . 


8,360 00 


premiums, 


917 73 


dues capital withdrawn, 


28,006 00 


fines, .... 


620 44 


dues capital forfeited, . 


594 00 


transfer fees, 


4 50 


dues capital retired, 


7,616 00 


real estate loans repaid, 


39,150 00 


dues capital matured, . 


1,380 00 


real estate loans elimi- 




profits capital withdrawn, 


3,880 21 


nated by foreclosure, 


7,200 00 


profits capital forfeited, 


182 83 


share loans repaid, 


8,960 00 


profits capital retired, . 


2,172 77 


withdrawal profits, 


969 72 


profits capital matured, 


615 00 


forfeiture profits, . 


45 70 


temporary expenses, 


1,827 50 


forfeited shares, . 


548 28 


forfeited shares, 


548 28 


rent of real estate, 


72 00 


interest on matured 




Cash on hand Oct. 31, 1896, . 


8,988 36 


shares, 


9 90 






real estate by foreclosure, 


8,987 82 






interest refunded, . 


1 50 


. 




premium refunded, 


10 






Cash on hand Oct. 30, 1897, 


5,717 86 




$129,999 77 


$129,999 77 



108 



REPORT OF THE 



[Pub. Doc. 



Total Amount of Loans at Specified Rates of Interest. 



Loans on Real Estate. 


Loans on Sharks. 


Amount. Rate. 


Amount. 


Kate. 


Amount. Hate. 


$138,650 00 

41,150 00 

9,750 00 


6.30 per cent. 
6.60 " 
6.90 " 


§400 00 
1,150 00 


7.20 per cent. 
7.80 " 


$4,420 00 
1,560 00 
1,870 00 


6.30 per cent. 
6.60 » 
6.90 " 



Reconciliation of Share Account with Dues and Profits Capital. 





!• 


c . 


a 






Date of 


GO 


O CS 


§2 


■— * 






Issue. 




■3* 




°> 
O 






! m 


► 


Jl 


H 






Mar., 1887, . 


2 


$179 90 


65 


§ 11,693 50 


Dues capital, as per gen- 




Sept., 1887, • 


3 


168 61 


37 


6,238 57 


eral ledger, 


$175,750 00 


Mar , 1888, . 4 


157 58 


64 


10,085 12 


Profits capital, as per 




Sept., 1888, . l 5 


146 88 


86 


12,631 68 


general ledger, . 


34,724 29 


Mar., 1889, . 6 


136 53 


76 


10,376 28 


Unpaid dues, 


1,776 00 


Sept., 1889, . t 7 


126 46 


77 


9,737 42 






'Mar., 1890, . 


8 


116 69 


131 


15,286 39 






Sept., 1890, . 


9 


107 23 


lie 


12,331 45 






Mar., 1891, . 


10 


98 06 


143 


14,022 58 






Sept , 1891, . 


11 


89 18 


100 


8,918 00 






Mar., 1892,". 


12 


80 58 


156 


12,570 48 






Sept., 1892, . 13 


72 26 


94 


6,792 44 






Mar., 1893, . 14 


64 20 


215 


13,803 00 






Sept., 1893, . i 15 


56 40 


129 


7,275 60 






Mar., 1894, . ' 16 


48 83 


204 


9,961 32 






Sept., 1894, . ! 17 


41 50 


279 


11,578 50 






Mar., 1895, . 18 


34 40 


413 


14,207 20 






Sept., 1895, . 19 


27 52 


269 


7,402 88 






Mar., 1896, . ' 20 


20 85 


356 


7,422 60 






Sept., 1896, . 21 


14 38 


306 


4,400 28 






Mar., 1897, . 22 


8 10 


568 


4,600 80 






Sept., 1897, . 23 


2 00 


338 


676 00 
238 00 






Dues paid in adva 


nee, . 






Suspense profits, 


• . • 


• 


20 


Total, 




Total, 




$212,250 29 


$212,250 29 



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 premium received during the year, . 

Lowest premium received 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, .... 

Largest loan to any one member, 

Smallest loan to any one member, . 

Amount of expenses of the corporation for the year ending Oct. 3 

Date of examination by commissioner: January 18. 



1,055 

4,221 

1,190 

25 

890 

43 

95 

10 



113 
602 
188 
414 
135 
53 



$0 15 
05 



1, 1897, 



4,600 00 

10 00 

1,859 50 



No. 8.] SAVINGS BANK COMMISSIONERS. 



109 



LAFAYETTE CO-OPERATIVE BANK — FALL RIVER. 



Incorporated April 11, 1894. Commenced business May 2, 1894. 
John B. Chagnon, President. "William F. Winter, Secretary and Treasurer. 



Names of security committee : 

John B. Huakd, Edmund Reeves, 

Samuel Benoit. 



Regular meetings the first Wednesday of each month. 



Balance Sheet October 30, 1897. 



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, 



$63,750 00 

2,400 00 

60 00 

163 21 

52 00 

5 21 

14 38 

26 22 



5,471 02 



Liabilities. 



Dues capital, 

Profits capital (all series) , 

Interest, 

Premiums, . 

Fines, . 

Guaranty fund, 

Surplus, 

Forfeited share account, 



30,721 00 

3,270 31 

1,832 50 

178 69 

74 08 

106 84 

20o 60 

82 00 

56,471 02 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



RECEIPT8. 


Disbursements. 




From dues capital, 


$32,638 00 


For real estate loans, . 


$28,650 00 


interest, 


3,577 09 


share loans, . 


3,350 00 


premiums, . 


359 97 


dues capital withdrawn, 


20,099 00 


fines, .... 


134 95 


dues capital forfeited, . 


55 00 


real estate loans repaid, 


14,200 00 


profits capital withdrawn, 


1,151 59 


share loans repaid, 


2,100 00 


profits capital forfeited, 


3 80 


forfeited shares, . 


55 00 


temporary expenses, 


320 14 


Cash on hand Oct. 31, 1896, . 


599 26 


forfeited shares, 


5 00 






interest allowed, . 


3 52 






Cash on hand Oct. 30, 1897, 


26 22 




$53,664 27 


$53,664 27 



110 



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. 


§563,750 00 


6.60 per cent. 






$2,400 00 


6.60 peH cent. 



Reconciliation of Share Account with Dues and Profits Capital. 



Date of 
Issue. 


OS 

.s 

o 


- — 
> 




a 

O 




Mav, 1894, . 
Nov., 1894, . 
Mav, 1895, . 
Nov., 1895,. 
May, 1896,. 
Nov., 1896, . 
May, 1897, . 


1 
2 

3 
4 
5 


$45 46 
38 39 
31 52 
24 85 
18 38 
12 10 
6 00 


594 
124 
268 
367 
430 
360 
473 


$27,003 24 
4,760 36 
8,447 36 
9,119 95 
7,903 40 
4,356 00 
2,838 00 

15 00 


Dues capital, as per gen- 
eral ledger, 

Profits capital, as per 
general ledger, . 

Unpaid dues, 

Total, 


$60,721 00 

3,270 31 
452 00 


Dues paid in 


adva 


nee, . 


• 




Total, 


$64,443 31 


$64,443 31 



Number of shares issued during the year, 999 

Number of shares now in force, 2,616 

Number of shares now borrowed upon, 508 

Largest number of shares held by any one member, .... 25 
Number of shares withdrawn during the year, .... 1,190 
Number of shares forfeited during the year, . . . . . .10 

Highest premium received during the year, $0 10 

Lowest premium received during the year, ....... 10 

Number of members withdrawn during the year, 96 

Present number of members, 252 

Present number of borrowers, 44 

Present number of non-borrowers, 208 

Number of loans secured by first mortgage of real estate, ... 31 

Number of loans on shares, 14 

Largest loan to any one member, 4,150 00 

Smallest loan to any one member, 50 00 

Amount of expenses of the corporation for the year ending Oct. 31, 1897, . 445 14 

Date of examination by commissioner : June 14. 



No. 8.] SAYINGS BANK COMMISSIONERS. 



Ill 



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, Oscar E. Spear, 

Andreav Craig. 



Regular meetings the first Saturday of each month. 



Balance Sheet October 30, 1897. 



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, . 


$269,900 00 

10,235 00 

458 52 

1,502 36 

1,313 50 

130 43 

130 40 

28,225 66 


Dues capital, 

Profits capital (all series), . 
Guaranty fund, . 
Surplus, .... 
Forfeited share account, 


$257,979 00 

50,116 51 

1,350 00 

2,412 78 

37 58 




|311,895 87 


$311,895 87 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Receipts. 


Disbuksements. 


From dues capital, 


$77,228 00 


For real estate loans, . 


$69,400 00 


interest, 


17,095 83 


share loans, . 


8,310 00 


premiums, . 


1,372 88 


dues capital withdrawn, 


18,456 00 


fines, .... 


313 92 


dues capital forfeited, . 


25 00 


transfer fees, 


2 75 


dues capital retired, 


20,169 00 


real estate loans repaid, 


49,400 00 


profits capital withdrawn, 


2,347 35 


real estate loans elimi- 




profits capital retired, . 


4,572 76 


nated by foreclosure, 


1,500 00 


temporary expenses, 


1,435 75 


share loans repaid, 


5,800 00 


permanent expenses, 


79 09 


withdrawal profits, 


538 26 


forfeited shares, 


117 20 


forfeiture profits, 


18 65 


interest on retired shares, 


142 09 


real estate by foreclos- 




interest repaid, 


15 94 


ure, .... 


45 00 


premium repaid, . 


6 60 


Cash on hand Oct. 31, 1896, . 


1,640 44 


fines repaid, . 


2 80 






real estate by foreclosure, 


1,547 36 


. 




surplus account, 


103 13 






Cash on hand Oct. 30, 1897, . 


28,225 66 




$154,955 73 


$154,955 73 



112 



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. 


$207,950 00 

35,200 00 

17,600 00 

4,300 00 


6.30 per cent. 
6.60 

6.90 » 
7.20 " 


$2,250 00 

2,200 00 

200 00 

200 00 


7.50 per cent. 
8.10 

990 " 
10.50 " 


$8,960 00 
825 00 
450 00 


6.30 per cent. 
6.60 " 
7.20 " 



Reconciliation of 


Share Account with Dues and Profits Capital. 








c 


<p 




Datb of 


05 




CO CD 


3 




Issue. 




bS 


cj O 


a fc> 






V 


«35 


«fe 


o 






DO 


> 


cfc 


H 




April, 1888, . 


1 


$157 82 


65 


$10,258 30 


Dues capital, as per gen- 




Oct., 1888, . 


2 


147 41 


60 


8,844 60 


eral ledger, 


$257,979 00 


April, 1889, . 


3 


137 21 


164 


22,502 44 


Profits capital, as per 




Oct., 1889, . 


4 


127 12 


133 


16,906 96 


general ledger, . 


50,116 51 


April, 1890, . 





117 44 


170 


19,964 80 


Unpaid dues, 


2,476 00 


Oct., 1890, . 


6 


108 03 


141 


15,232 23 






April, 1891, . 


7 


98 77 


172 


16,988 44 






Oct., 1891, . 


8 


89 70 


298 


26,730 60 






April,1892, . 


9 


80 93 


306 


24,764 58 






Oct., 1892, . 


10 


72 43 


422 


30,565 46 






April, 1893, . 


11 


64 19 


219 


14,057 61 






Oct , 1893, . 


12 


56 21 


176 


9,892 96 






April, 1894, . 


13 


48 49 


280 


13,577 20 






Oct., 1894, . 


14 


41 04 


344 


14,117 76 






April, 1895, . 


15 


33 81 


713 


24,106 53 






Oct., 1895, . 


16 


26 83 


349 


9,363 67 






April, 1896, . 


17 


20 06 


827 


16,589 62 






Oct., 1896, . 


18 


13 50 


673 


9,085 50 






April, 1897, . 


19 


7 15 


955 


6,828 25 
194 00 


Total, 




Dues paid in adva 


nee, . 


• 




Total, 




$310,571 51 


$310,571 51 



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 dtiring the year, 

Number of shares forfeited during the year, . 

Number of shares retired during the year, 

Highest premium received during the year, . 

Lowest premium received 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 

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, 1897, 

Date of examination by commissioner : February 11. 



estate, 



1,340 

6,167 

1,610 

25 

775 

33 

271 



101 
793 

187 

606 

186 

43 



$0 65 
05 



4,950 00 

5 00 

1,540 13 



No. 8.] SAVINGS BANK COMMISSIONERS. 



113 



LEOMINSTER CO-OPERATIVE BANK — LEOMINSTER. 



Incorporated May 8, 1888. Commenced business May 18, 1888. 
Joel G. Tyler, President. Robert L. Carter, Secretary and Treasurer. 



Names of security committee : 

Charles E. Bigelow, Willard F. Lawrence, 

Hulbert L. Harris. 



Regular meetings the third Friday of each month. 



Balance Sheet October 30, 1897. 



Assets. 


Liabilities. 


Loans on real estate, 
Loans on shares, . 
Unpaid interest, . 
Unpaid premiums, 
Unpaid fines, .... 
Cash in hands of treasurer, . 


$129,347 90 

2,323 00 

1,790 00 

99 92 

157 72 

4,407 62 


Dues capital, 

Profits capital (all series) , . 
Guaranty fund, . 
Surplus, . . » . 


$113,940 00 

23,491 27 

496 86 

198 03 




$138,126 16 


$138,126 16 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Receipts. 


Disbursements. 


From dues capital, 


$30,187 00 


For real estate loans, . 


$45,433 85 


interest,. 


6,510 85 


share loans, . 


2,170 00 


premiums, . 


409 26 


dues capital withdrawn, 


8,433 00 


fines, .... 


102 95 


dues capital retired, 


1,602 00 


transfer fees, 


25 


profits capital withdrawn, 


1,100 02 


real estate loans repaid, 


18,600 00 


profits capital retired, . 


522 45 


share loans repaid, 


2,910 00 


temporary expenses, 


1,496 77 


withdrawal profits, 


108 66 


Cash on hand Oct. 30, 1897, 


4,407 62 


temporary expense ac- 








count, - . 


767 93 






Cash on hand Oct. 31, 1896, . 


5,568 81 








$65,165 71 


$65,165 71 



114 



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. 


$115,647 90 
9,250 00 
1,750 00 


6.30 per cent. 

6.60 

6.90 " 


$2,000 00 
700 00 


7.20 per cent. 
8.10 


$1,773 00 
450 00 
100 00 


6 30 per cent. 
6.60 " 
7.20 



Reconciliation of Share Account with Dues and Profits Capital. 



Date of 




v 2 


a 6 

9 G 


<0 
3 

— "3 






Issue. 


"C 






© 








DC 


> 


CO 


H 






Mav, 1888, . 


1 


$153 22 


123 


$18,846 06 


Dues capital, as per gen- 




Nov., 1888, . 


2 


142 83 


93 


13,283 19 


eral ledger, 


$113,940 00 


Mav, 1889, . 


3 


132 75 


40 


5,310 00 


Profits capital, as per 




Nov., 1889, . 


4 


122 96 


60 


7,377 60 


general ledger, . 


23,491 27 


May, 1890, . 


5 


113 46 


71 


8,055 66 


Unpaid dues, 


5,447 00 


Nov., 1890, . 


6 


104 23 


115 


11,986 45 






May, 1891, . 


7 


95 27 


74 


7,049 98 






Nov., 1891, . 


8 


86 57 


62 


5,367 34 






May, 1892, . 


9 


78 13 


134 


10,469 42 






Nov., 1892, . 


10 


69 93 


94 


6,573 42 






May, 1893, . 


11 


61 97 


166 


10,287 02 






Nov., 1893, . 


12 


54 24 


35 


1,898 40 






May, 1894, . 


13 


46 74 


95 


4,440 30 






Nov., 1894, . 


14 


39 46 


167 


6,589 82 






May, 1895, . 


15 


32 39 


206 


6,672 34 






Nov., 1895, . 


16 


25 52 


272 


6,941 44 






May, 1896, . 


17 


18 85 


241 


4,542 85 






Nov., 1896, . 


18 


12 38 


321 


3,973 98 






May, 1897, . 


19 


6 10 


460 


2,806 00 
407 00 


Total, 




Dues paid in 


adva 


nee, . 


. 




Total, 


$142,878 27 


$142,878 27 



Number of shares issued during the year, 864 

Number of shares now in force, 2,829 

Number of shares now borrowed upon, 491 

Largest number of shares held by any one member, . . . .25 

Number of shares withdrawn during the year, 404 

Number of shares retired during the year, 15 

Highest premium received during the year, ....... $0 25 

Lowest premium received during the year, 05 

Number of members withdrawn during the year, 91 

Present number of members 428 

Present number of borrowers 121 

Present number of non-borrowers, 307 

Number of loans secured by first mortgage of real estate, . . . 106 

Number of loans on shares, 15 

Largest loan to any one member, 4,800 00 

Smallest loan to any one member, 50 00 

Amount of expenses of the corporation for the year ending Oct. 31, 1897, . 728 84 

Date of examination by commissioner : April 8. 



No. 8.] SAVINGS BANK COMMISSIONERS, 



115 



LOWELL CO-OPERATIVE BANK — LOWELL. 



Incorporated April 29, 1885. Commenced business May 14, 1885. 
Artemas B. Woodworth, President. George W. Batchelper, Secretary and 

Treasurer. 



Names of security committee : 

Joseph L. Sedgley, Charles H. Burtt, 

Caleb L. Smith. 



Regular meetings the first Friday after the tenth of each month. 



Balance Sheet October 30, 1897. 



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, . 


$270,240 00 

11,430 00 

40 00 

15,182 75 

1,834 10 

143 65 

173 64 

8,526 37 


Dues capital, 

Profits capital (all series), . 
Guaranty fund, . 
Surplus, .... 
Personal account, 


$248,460 00 

55,483 44 

1,072 73 

2,207 82 

346 52 




$307,570 51 


$307,570 51 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Receipts. 


Disbursements. 


From dues capital, 


$66,098 00 


For real estate loans, . 


$50,600 00 


interest, 


17,778 03 


share loans, . 


9,160 00 


premiums, . 


1,270 00 


dues capital withdrawn, 


37,967 00 


fines 


743 89 


dues capital forfeited, . 


2,264 00 


transfer fees, 


4 50 


dues capital retired, 


10,003 00 


real estate loans repaid, 


33,150 00 


dues capital matured, . 


8,408 00 


real estate loans elimi- 




profits capital withdrawn, 


7,512 23 


nated by foreclosure, 


15,900 00 


profits capital forfeited, 


499 96 


real estate loans elimi- 




profits capital retired, . 


3,225 46 


nated by maturity of 




profits capital matured, 


4,119 94 


shares, 


2,150 00 


temporary expenses, 


938 25 


share loans repaid, 


12,610 00 


permanent expenses, 


34 85 


withdrawal profits, 


808 00 


interest on retired shares, 


165 31 


forfeiture profits, 


96 49 


real estate by foreclos- 




real estate by foreclos- 




ure, .... 


17,537 65 


ure, .... 


4,580 96 


profit and loss, 


135 90 


profit and loss, 


717 20 


Cash on hand Oct. 30, 1897, 


8,526 37 


permanent expense, 


20 00 






personal account, 


346 52 






Cash on hand Oct. 31, 1896, . 


4,824 33 








$161,097 92 


$161,097 92 



116 



REPORT OF THE 



[Pub. Doc 



Total Amount of Loans at Specified Rates of Interest. 



Loans ox Real Estate. 


Loans ox Shakes. 


Amount. 


Eate. 


Amount. 


Eate. 


Amount. 


Rate. 


$5,150 00 

220,850 00 

32,650 00 

5,600 00 


6.00 per cent. 

6.30 

6.60 

6.90 " 


35,350 00 
500 00 

no oo 


7.20 per cent. $7,780 00 

7.50 " 2,170 00 

7.80 " 930 00 

250 00 

250 00 

50 00 


6.30 per cent. 
6.60 " 
6.90 

7.20 " 
8.70 " 
9.30 



Reconciliation of Share Account with Dues and Profits Capital. 







o o 


a ■ 


CO 






Date of 


CO 


— — 

o3 


CO 9 

9 o 


_'3 






Issue. 




5x 




*> 








CO 


a 




o 








GO 


> 


83 








May, 1886, . 


3 


$205 36 


33 


$6,776 88 


Dues capital, as per gen- 




Nov., 1886, . 


4 


192 82 


59 


11,376 38 


eral ledger, 


$248,460 00 


Mav, 1887,. 


5 


180 57 


31 


5,597 67 


Profits capital, as per 




Nov., 1887, • 


6 


168 75 


59 


9,956 25 


general ledger, . 


55,483 44 


May, 1888, . 


7 


157 35 : 


77 


12.115 95 


Unpaid dues, . 


2,460 00 


Nov., 1888, . 


8 


146 35 j 


92 


13.464 20 






May, 1889,. 


9 


135 72 


153 


20,765 16 






Nov., 1889, . 


10 


125 43 


119 


14,926 17 






Mav, 1890, . 


11 


115 49 


233 


26.909 17 






Nov., 1890, . 


12 


105 89 


128 


13,553 92 






Mav, 1891, . 


13 


96 64 


169 


16,332 16 






Nov., 1891, . 


14 


87 68 


171 


14.993 28 






Mav, 1892,. 


15 


79 02 


225 


17,779 50 






Nov., 1892,. 


16 


70 64 


278 


19,637 92 






Mav. 1893,. 


17 


62 48 


287 


17,931 76 






Nov., 1893, . 


18 


54 61 


213 


11,631 93 






Mav, 1894,. 


19 


46 99 ' 


355 


16,681 45 






Nov., 1894, . 


20 


39 62 


336 


13,312 32 






May, 1895, . 


21 


32 48 


337 


10,945 76 






Nov., 1895, . 


22 


25 58 


432 


11,050 56 






Mav, 1896,. 


23 


18 90 


527 


9,960 30 






Nov., 1896, . 


24 


12 41 


548 


6.800 68 






May, 1897,. 


25 


6 11 


637 


3,892 07 
12 00 


Total, 




Dues paid in 


adva 


nee, . 


• 




Total, 


6306,403 44 


S306.403 44 



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, 



1,316 
5,499 
1,680 
. 25 
1,030 
. 109 
. 82 



No. 8.] SAVINGS BANK COMMISSIONERS. 117 

Number of shares matured during the year, 61 

Highest per centum of interest received during the year : 9.3. 
Lowest per centum of interest received during the year : 6.3. 

Number of members withdrawn during the year, 117 

Present number of members, 709 

Present number of borrowers, 244 

Present number of non-borrowers, 465 

Number of loans secured by first mortgage of real estate, . . . 202 

Number of loans on shares, 42 

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, 1897, . 953 10 

Date of examination by commissioner: October 12. 



118 



REPORT OF THE 



[Pub. Doc. 



LYNN CO-OPERATIVE BANK — LYNN. 



Incorporated Nov. 18, 1891. Commenced business Nov. 23, 1891. 
Jacob M. Lewis, President. Charles D. Welch, Secretary and Treasurer. 



Names of security committee : 

Fred D. Mayo, Chas. H. Goldthwait, 

J. W. Harding, F. F. Lawrence, 

Wm. H. Severance. 



Regular meetings the first Monday of each month. 



Balance Shekt October 30, 1897. 



Assets. 


Liabilities. 


Loans on real estate, 
Loans on shares, . 
Permanent expense account, 
Unpaid interest, . 
Unpaid fines, .... 
Cash in hands of treasurer, . 


819,675 00 

1,605 00 

135 00 

158 66 

8 33 

5,640 88 


1 Dues capital, 

1 Profits capital (all series), . 

Guaranty fund, . 

Surplus, .... 

Forfeited share account, 


$24,051 CO 

2,742 29 

44 58 

300 18 

84 82 




$27,222 87 


$27,222 87 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Receipts. 


Disbursements. 


From dues capital, 


$9,658 00 


For real estate loans, . 


$4,325 00 


interest, 


1,297 23 


share loans, . 


790 00 


premiums, . 


12 70 


dues capital withdrawn, 


7,520 00 


fines, .... 


44 54 


profits capital withdrawn, 


605 55 


real estate loans repaid, 


6,175 00 


temporary expenses, 


72 99 


share loans repaid, 


480 00 


forfeited shares, . 


71 10 


insurance, . 


835 00 


insurance, 


835 00 


surplus, 


36 87 


surplus, .... 


83 88 


Cash on hand Oct. 31, 1896, . 


1,408 22 


interest repaid, 


2 98 






premium repaid, . 


18 






Cash on hand Oct. 30, 1897, 


5,640 88 




$19,947 56 


$19,947 56 



No. 8.] SAVINGS BANK COMMISSIONERS. 



119 



Total Amount of Loans at Specified Rates of Interest. 





Loans on Keal Estate. 




Loans on Shares. 


Amount. 


Kate. 


Amount. 


Rate. 


Amount. 


Rate. 


$8,850 00 
7,175 00 


5 per cent. 
5k " 


$3,650 00 


6 per cent. 


$440 00 
915 00 
250 00 


5£ per cent . 
6.00 « 
6.30 " 



Reconciliation of Share Account with Dues and Profits Capital. 



Date ov 


GO 


ft a; 

V OS 


G 
to cj 


oi 
3 






Issue. 




•i- 3 


03 O 


53 >> 








<u 


CSOQ 


.CpR 


O 








CO 


> 


CD 


H 






Nov., 1891, . 


1 


$83 61 


120 


$10,033 20 


Dues capital, as per gen- 




May, 1892, . 


2 


75 78 


51 


3,864 78 


eral ledger, 


$24,051 00 


Nov., 1892, . 


3 


68 04 


24 


1,632 96 


Profits capital, as per 




May, 1893, . 


4 


60 44 


20 


1,208 80 


general ledger, . 


2,742 29 


May, 1894, . 


6 


45 79 


26 


1,190 54 


Unpaid dues, 


653 00 


Nov., 1894, . 


7 


38 74 


36 


1,394 64 






May, 1895, . 


8 


31 91 


87 


2,776 17 






Nov., 1895, . 


9 


25 23 


80 


2,018 40 






May, 1896, . 


10 


18 70 


31 


579 70 






Nov., 1896, . 


11 


12 31 


170 


2,092 70 






May, 1897, . 


12 


6 08 


105 


638 40 
16 00 


Total, 




Dues paid in 


adva 


nee, . 


• 




Total, 


$27,446 29 


$27,446 29 



Number of shares issued during the year, 318 

Number of shares now in force, 750 

Number of shares now borrowed upon, 178 

Largest number of shares held by any one member, . . . .25 

Number of shares withdrawn during the year 304 

Highest per centum of interest received during the year : 6. 
Lowest per centum of interest received during the year : 5. 

Number of members withdrawn during the year, 24 

Present number of members, 83 

Present number of borrowers, 24 

Present number of non-borrowers, 59 

Number of loans secured by first mortgage of real estate, . . .18 

Number of loans on shares, 15 

Largest loan to any one member, $2,500 00 

Smallest loan to any one member, 90 00 

Amount of expenses of the corporation for the year ending Oct. 31, 1897, . 82 99 

Date of examination by commissioner : March 12. 



120 



REPOKT OF THE 



[Pub. Doc. 



MALDEN CO-OPERATIVE BANK — MALDEN. 



Incorporated April 27, 1887. Commenced business May 9, 1887. 
Marcellus Coggan, President. Lewis P. Brown, Secretary and Treasurer 



Names of security committee : 
Lyman B. Jordan, M. S. O'Donnell, 

John M. Corbett, Charles A. Stiles, 

John E. Staples. 



Regular meetings the second Monday of each month. 



Balance Sheet October 30, 1897. 



Assets. 


Liabilities. 


Loans on real estate, 

Loans on shares, . 

Real estate by foreclosure, . 

Unpaid interest, 

Unpaid premiums, 

Unpaid fines, 

Cash in hands of treasurer, . 


$305,375 00 

17,825 00 

6,898 70 

2,700 05 

150 00 

60 00 

16,272 31 


Dues capital, 

Profits capital (all series), . 
Guaranty fund, . 
Surplus, .... 
Forfeited share account, 


$282,881 00 

62,123 45 

1,541 20 

2,698 03 

37 38 




$349,281 06 


$349,281 06 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Receipts. 




Disbursements. 




From dues capital, 


$75,144 00 


For real estate loans, . 


$89,600 00 


interest, 


18,131 44 


share loans, . 


10,365 00 


premiums, . 


1,225 08 


dues capital withdrawn, 


28,418 00 


fines, .... 


362 18 


dues capital forfeited, . 


15 00 


transfer fees, 


75 


dues capital retired, 


17,011 00 


real estate loans repaid, 


54,350 00 


profits capital withdrawn. 


4,379 14 


real estate loans elimi- 




profits capital forfeited, 


7 80 


nated by foreclosure, 


6,400 00 


profits capital retired, . 


5,501 91 


share loans repaid, 


14,225 00 


temporary expenses, 


1,046 35 


withdrawal profits, 


1,080 90 


real estate by foreclosure, 


7,076 03 


forfeiture profits, 


1 95 


Cash on hand Oct. 30, 1897, 


16,272 31 


forfeited shares, . 


18 75 






real estate by foreclos- 








ure, .... 


177 33 






Cash on hand Oct. 31, 1896, . 


8,575 16 








$179,692 54 


$179,692 54 



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. 


$269,425 00 
15,200 00 
11,800 00 


6.30 per cent. 
6.60 » 
6.90 " 


$5,500 00 
3,450 00 


7.20 per cent. 
7.50 " 


$16,525 00 
1,300 00 


6.30 per cent. 
6.90 " 



Reconciliation of Share Account with Dues and Profits Capital. 



Date of 


XI 




a . 

•IH tU 

ai p 
to £; 


3 

— 1"3 






Issue. 


"C 




oSClj 


03 £> 

"o 








02 


> 


co 


H 






May, 1887,. 


1 


$180 19 


98 


$17,658 62 


Dues capital, as per gen- 




Nov., 1887, • 


2 


168 60 


126 


21,243 60 


eral ledger, . 


$282,881 00 


May, 1888,. 


3 


156 97 


145 


22,760 65 


Profits capita], as per 




Nov., 1888, . 


4 


146 27 


125 


18,283 75 


general ledger, . 


62,123 45 


May, 1889, . 





135 61 


195 


26,443 95 


Unpaid dues, 


6,121 00 


Nov., 1889, . 


6 


125 34 


95 


11,907 30 






May, 1890, . 


7 


115 40 


74 


8,539 60 






Nov., 1890, . 


8 


105 76 


136 


14,383 36 






Mav, 1891, . 


9 


96 48 


197 


19,006 56 






Nov., 1891, . 


10 


87 49 


285 


24,934 65 






May, 1892, . 


11 


78 82 


421 


33,183 22 






Nov., 1892,. 


12 


70 41 


261 


18,377 01 






May, 1893,. 


13 


62 31 


239 


14,892 09 






Nov., 1893, . 


14 


54 46 


223 


12,144 58 






May, 1894, . 


15 


46 86 


346 


16,213 56 






Nov., 1894, . 


16 


39 53 


353 


13,954 09 






May, 1895, . 


17 


32 42 


485 


15,723 70 






Nov., 1895, . 


18 


25 52 


574 


14,648 48 






May, 1896,. 


19 


18 85 


722 


13,609 70 






Nov., 1896, . 


20 


12 38 


586 


7,254 68 






May, 1897, . 


21 


6 10 


883 


5,386^30 

576 00 
$351,125 45 


Total, 




Dues paid in i 


idvai 


ice, . 


• 




Total, 


$351,125 45 



Number of shares issued during the year, ..... 1,554 

Number of shares now in force, 6,569 

Number of shares now borrowed upon, 2,206 

Largest number of shares held by any one member, . . . .25 

Number of shares withdrawn during the year, 852 

Number of shares forfeited during the year, .... . . 5 

Number of shares retired during the year, 179 

Highest premium received during the year, $0 10 

Lowest premium received during the year, 05 

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 

Number of loans on shares, 

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, 1897, . 1,046 35 
Date of examination by commissioner : April 27. 



estate, 



45 
790 
234 
556 
210 

72 



122 



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, William C. Winter, 

James A. Wheeler. 



Regular meetings the third Wednesday of each month. 



Balance Sheet October 30, 1897. 



Assets. 



Loans on real estate, 

Loans on shares, . 

Permanent expense account, 

Unpaid interest, 

Unpaid premiums, 

Unpaid fines, 

Cash in hands of treasurer, . 



$193,350 00 

17,403 00 

45 00 

2,066 21 

49 42 

58 62 

16,752 55 



$229,724 80 



Liabilities. 



Dues capital, 

Profits capital (all series), 

Guaranty fund, . 

Surplus, 



$185,453 00 

42,458 88 

1,070 00 

742 92 



$229,724 80 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Receipts. 


Disbubsements. 


From dues capital, 


$40,263 00 


For real estate loans, . 


$42,950 00 


interest, 


11,968 48 


share loans, . 


14,540 00 


premiums, . 


318 00 


dues capital withdrawn, 


20.008 00 


fines, .... 


109 50 


dues capital matured, . 


10,906 00 


real estate loans repaid , 


27,450 00 


profits capital withdrawn, 


3,162 25 


real estate loans elimi- 




profits capital matured, 


4,463 38 


nated by maturity of 




temporary expenses, 


807 90 


shares, 


1,800 00 


interest on matured 




share loans repaid, 


15,510 00 


shares, 


285 12 


withdrawal profits, 


315 14 ! 


Cash on hand Oct. 30, 1897, 


16,752 55 


pass-books, etc., . 


4 35 






real estate by foreclos- 








ure, : 


556 84 






rent 


41 00 






Cash on hand Oct. 31, 1896, . 


15,538 89 
'$113,875 20 








$113,875 20 



No. 8.] SAVINGS BANK COMMISSIONERS. 



123 



Total Amount of Loans at Specified Rates of Interest. 



Loans on Heal Estate. 


Loans on Shares. 


Amount. 


Rate. 


Amount. 


Rate. 


Amount. 


Rate. 


$183,550 00 
2,900 00 
3,500 00 


6.12 per cent. 
6.24 «• 
6.36 


$1,600 00 
1,800 00 


6.48 per cent. 
6.72 « 


$3,000 00 
14,403 00 


6.24 per cent. 
6.48 " 



Reconciliation of Share Account with Dues and Profits Capital. 










<o . 


s 


6 






Date of 


ta 






a 






Issue. 


'C 


3.C 




o 








oo 


> 


m 


H 






May, 1886, . 


7 


$195 66 


47 


$9,196 02 


Dues capital, as per gen- 




Nov , 1886, . 


8 


184 15 


55 


10,128 25 


eral ledger, 


$185,453 00 


May, 1887, . 


9 


172 93 


119 


20,578 67 


Profits capital, as per 




Nov., 1887, . 


10 


162 06 


94 


15,233 64 


general ledger, . 


42,458 88 


May, 1888, . 


11 


151 51 


77 


11,666 27 


Unpaid dues, 


3,026 00 


Nov., 1888, . 


12 


141 23 


86 


12,145 78 






May, 1889, . 


13 


131 26 


136 


17,851 36 






Nov., 1889, . 


14 


121 57 


101 


12,278 57 






May, 1890, . 


15 


112 18 


112 


12,564 16 






Nov., 1890, . 


16 


103 07 


9 


927 63 






May, 1891, . 


17 


94 23 


146 


13,757 58 






Nov., 1891, . 


18 


85 65 


109 


9,335 85 






May, 1892, . 


19 


77 32 


144 


11,134 08 






Nov., 1892, . 


20 


69 23 


119 


8,238 37 






May, 1893, . 


21 


61 40 


270 


16,578 00 






Nov., 1893, . 


22 


53 79 


145 


7,799 55 






May, 1894, . 


23 


46 39 


308 


14,288 12 






Nov., 1894, . 


24 


39 21 


220 


8,626 20 






May, 1895, . 


25 


32 21 


247 


7,955 87 






Nov., 1895, . 


26 


25 41 


72 


1,829 52 






May, 1896, . 


27 


18 78 


131 


2,460 18 


=. 




Nov., 1896, . 


28 


12 35 


318 


3,927 30 






May, 1897, . 


29 


6 09 


399 


2,429 91 
7 00 


Total, 




Dues paid in 


idva 


ace, . 






Total, 


$230,937 88 


$230,937 88 



Number of shares issued during the year, 755 

Number of shares now in force, 3,464 

Number of shares now borrowed upon 1,539 

Largest number of shares held by any one member, .... 25 

Number of shares withdrawn during the year, 448 

Number of shares matured during the year, 77 

Highest per centum of interest received during the year: 6.12 
Lowest per centum of interest received during the year : 6.12. 

Number of members withdrawn during the year, 48 

Present number of members, 515 

Present number of borrowers, 219 

Present number of non-borrowers, 296 

Number of loans secured by first mortgage of real estate, . . . 177 

Number of loans on shares, 125 

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, 1897, . 817 90 

Date of examination by commissioner; March 2. 



124 



REPORT OF THE 



[Pub. Doc. 



MARBLEHEAD CO-OPERATIVE BANK-MARBLEHEAD. 



Incorporated May 5, 1886. Commenced business May 6, 1886. 
John Lancy, President, Benjamin Cole, Jr., Secretary and Treasurer. 



Names of security committee: 

John Lanct, Frank Millett, 

Henry 0. Symonds. 



Regular meetings the first Thursday of each month. 



Balance Sheet October 30, 1897. 



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 Waltham, 

Bonds of town of Beverly, 

Taxes paid, . 

Mortgage, 

Cash in hands of treasurer, 





$85,450 00 


3,460 00 


100 00 


3,752 24 


707 00 


41 55 


90 64 


1,005 06 


2,080 87 


55 55 


1,422 18 


9,132 29 


$107,297 38 



Liabilities. 



Dues capital, 

Profits capital (all series), 

Guaranty fund, . 

Surplus, 

Forfeited share account, 



$85,602 00 

19,892 65 

576 95 

1,200 67 

25 11 



$107,297 38 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Receipts. 


Disbursements. 


From dues capital, 


$19,704 00 


For real estate loans, . 


$15,350 00 


interest, 


5,451 14 


share loans, . 


6,590 00 


premiums, . 


327 40 


dues capital withdrawn, 


4,546 00 


fines, .... 


315 02 


dues capital forfeited, . 


918 00 


transfer fees, 


1 75 


dues capital retired, 


11,495 00 


real estate loans repaid, 


12,600 00 


profits capital withdrawn, 


514 42 


real estate loans elimi- 




profits capital forfeited, . 


111 26 


nated by foreclosure, 


3,600 00 


profits capital retired, . 


4,001 83 


share loans repaid, 


6,500 00 


temporary expenses, 


475 51 


withdrawal profits, 


144 03 


forfeited shares, . 


14 00 


forfeiture profits, . 


27 83 


taxes and insurance, 


141 76 


rents, .... 


263 38 


mortgage, 


1,422 18 


Cash on hand Oct. 31, 1896, . 


5,777 70 


Cash on hand Oct. 30, 1897, 

i 


9,132 29 




$54,712 25 


$54,712 25 



No. 8.] SAVINGS BANK COMMISSIONERS. 



125 



Total Amount of Loans at Specified Rates of Interest. 



Loans on Heal Estate. 


Loans on Shares. 


Amount. 


Rate. 


Amount. 


Rate. 


Amount. 


Rate. 


$77,650 00 
2,900 00 


6.30 per cent. 
6.60 " 


$4,900 00 


6.90 per cent. 


$2,000 00 
1,460 00 

i 


6.00 per cent. 
6.30 



Reconciliation of Share Account with Dues and Profits Capital. 



Date of 


00 




a 


^"3 






Issue. 






£r° 


«s> 








u 


«!» 


jS^ 


o 








m 


> 


co 


H 






May, 1886, . 


1 


$198 28 


35 


$6,939 80 


Dues capital, as per gen- 




Nov., 1886,. 


2 


186 56 


36 


6,716 16 


eral ledger, 


$85,602 00 


May, 1887,. 


3 


175 10 


51 


8,930 10 


Profits capital, as per 




Nov., 1887, . 


4 


164 03 


22 


3,608 66 


general ledger, . 


19,892 65 


May, 1888, . 


5 


153 30 


72 


11,037 60 


Unpaid dues, 


1,033 00 


Nov., 1888, . 


6 


142 89 


17 


2,429 13 






May, 1889, . 


i 


132 77 


10 


1,327 70 






Nov., 1889, . 


8 


122 97 


19 


2,336 43 






May, 1890, . 


9 


113 46 


29 


3,290 34 






Nov., 1890, . 


10 


104 22 


39 


4,064 58 






May, 1891, . 


11 


95 27 


60 


5,716 20 






Nov., 1891, . 


12 


86 58 


46 


3,982 68 






May, 1892, . 


13 


78 15 


52 


4,063 80 






Nov., 1892, . 


14 


69 95 


143 


10,002 85 






May, 1893,. 


15 


61 99 


61 


3,781 39 






Nov., 1893, . 


16 


54 25 


154 


8,354 50 






Mav, 1894, . 


17 


46 74 


66 


3,084 81 






Nov., 1894, . 


18 


39 46 


142 


5,603 3-Z 






May, 1895, . 


19 


32 39 


139 


4,502 21 






Nov., 1895, . 


20 


25 52 


78 


1,990 56 






May, 1896, . 


21 


18 85 


120 


2,262 00 






Nov., 1896, . 


22 


12 38 


140 


1,733 20 






May, 1897, . 


23 


6 10 


126 


768 60 
1 00 


Total, 




Dues paid in 


idva 


nee, . 


• 




Total, . 


$106,527 65 


$106,527 65 



Number of shares issued during the year, 

Number of sbares 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 per centum of interest received during the year : 6.30. 

Lowest per centum of interest received during the year : 6. 

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 25. 



287 
1,657 

495 
25 

160 
24 
91 



50 
344 

84 
260 

91 

22 



1897, 



$5,000 00 

30 00 

475 51 



126 



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, J. E. Warren, 

M. J. Buckley, W. H. Hill, 

E. 0. Brigham. 



Regular meetings the second Thursday of each month. 



Balance Sheet October 30, 1897. 



A8SETS. 


Liabilities. 


Loans on real estate, 


$108,435 00 


Dues capital, 


$114,260 00 


Loans on shares, . 


6,640 00 


Profits capital (all series), . 


14,356 22 


Permanent expense account, 


51 72 


Interest, .... 


3,519 38 


Temporary expense account, 


272 34 


Premiums, . 




157 66 


Real estate by foreclosure, . 


4,545 14 


Fines, . 




161 40 


Unpaid interest, 


603 06 


Transfer fees, 




I 00 


Unpaid premiums, 


25 66 


"Withdrawal profits, 




132 76 


Unpaid fines, 


90 08 


i Forfeiture profits, 




7 20 


Furniture and fixtures, 


210 00 


! Guaranty fund, . 




592 55 


Bonds of City of Someryille 




Surplus, 




968 81 


4s, 


2,061 00 


1 Rents, . 




110 33 


Taxes, 


83 08 






Cagh in hands of treasurer, . 


11,250 23 








$134,267 31 






$134,267 31 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



RECEIPT8. 


DlSBUBSEHENTS. 


From dues capital, 


$33,998 00 


For real estate loans, . 


$15,510 00 


interest, 


7,038 86 


share loans, . 


7,780 00 


premiums, . 


300 18 


dues capital withdrawn, 


10,068 00 


fines, .... 


313 64 


dues capital forfeited, . 


250 00 


transfer fees, 


2 50 


dues capital retired, 


21,252 00 


real estate loans repaid, 


10,350 00 


profits capital withdrawn, 


1,187 46 


real estate loans elimi- 




profits capital forfeited, 


33 46 


nated by foreclosure, 


2,350 00 


profits capital retired, . 


4,359 97 


share loans repaid, 


8,900 00 


temporary expenses, 


507 22 


withdrawal profits, 


296 90 


forfeited shares, 


67 62 


forfeiture profits, 


8 40 


taxes, .... 


191 35 


forfeited shares, . 


67 62 


real estate by foreclosure, 


2,67P> 67 


bonds and notes, . 


13,192 00 


city bonds, -. 


10,253 00 


real estate by foreclos- 




Cash on hand Oct. 30, 1897, . 


11,250 23 


ure, .... 


900 00 






taxes, .... 


319 77 






rents, .... 


158 53 






Cash on hand Oct. 31, 1896, . 


7,189 58 








$85,385 98 


$85,385 98 



No. 8.] SAVINGS BANK COMMISSIONERS. 



12? 



Total Amount of Loans at Specified Rates of Interest. 



Loans on Real Estate. 


Loans on Shares. 


Amount. 


Kate. 


Amount. 


Rate. 


Amount. 


Rate. 


$9,200 00 
98,835 00 


6.00 per cent. 
6.30 «• 


$400 00 


6 60 per cent. 


$6,640 00 


6.30 per cent. 



Reconciliation of Share Account with Dues and Profits Capital. 









c 








Date of 


BQ 


2 S 


"8 


B 






Issue. 




■300 
> 


GO 


5b» 






May, 1890, . 


1 


$110 23 


219 


$24,140 37 


Dues capital, as per gen- 




Nov., 1890, . 


2 


101 27 


92 


9,316 84 


eral ledger, 


$114,260 00 


May, 1891, . 


3 


92 57 


98 


9,071 86 


Profits capital, as per 




Nov., 1891, . 


4 


84 13 


91 


7,655 83 


general ledger, . 


14,3,56 22 


Mav, 1892,. 


5 


75 93 


134 


10,174 62 


Unpaid dues, 


795 00 


Nov., 1892, . 


6 


67 97 


29 


1,971 13 






May, 1893,. 


7 


60 24 


159 


9,578 16 






Nov., 1893, . 


8 


52 74 


108 


5,695 92 






Mav, 1894,. 


9 


45 46 


335 


15,229 10 






Nov., 1894, . 


10 


38 39 


344 


13,206 16 






May, 1895,. 


11 


31 52 


263 


8,289 76 






Nov., 1895, . 


12 


24 85 


299 


7,430 15 






May, 1896,. 


13 


18 38 


229 


4,209 02 






Nov., 1896, . 


14 


12 10 


173 


2,093 30 






May, 1897,. 


15 


6 00 


221 


1,326 00 
23 00 


Total, 




Dues paid in 


adva 


nee, . 


• 




Total, 


$129,411 22 


$129,411 22 



Number of shares issued during the year, 421 

Number of shares now in force, 2,794 

Number of shares now borrowed upon, 797 

Largest number of shares held by any one member, .... 25 

Number of shares withdrawn during the year, 334 

Number of shares forfeited during the year, 14 

Number of shares retired during the year, ...... 300 

Highest premium received during the year, $0 05 

Lowest premium received during the year, 05 

Number of members withdrawn during the year, 59 

Present number of members, 429 

Present number of borrowers, 119 

Present number of non-borrowers, 310 

Number of loans secured by first mortgage of real estate, ... 92 

Number of loans on shares, 55 

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, 1897, . 514 57 

Date of examination by commissioner : February 5. 



128 



REPORT 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, J. J. Green, Jr., 

William H. Plead well. 



Regular meetings the first Monday after the fifteenth of each month. 



Balance Sheet October 30, 1897. 



Assets. 


Liabilities. 


Loans on real estate, 


$404,575 00 


Dues capital, 


$351,888 00 


Loans on shares, . 


17,375 00 


Profits capital (all series) , . 


68,229 69 


Permanent expense account, 


50 13 


Interest, .... 


8,247 86 


Temporary expense account, 


578 09 


Premiums, .... 


417 67 


Real estate by foreclosure, . 


2,660 46 


Fines, 


346 06 


Unpaid interest, 


4,754 52 


Guaranty fund, . 


1,489 37 


Unpaid premiums, 


293 97 


Surplus, .... 


1,971 63 


Unpaid fines, 


977 86 


Forfeited share account, 


15 98 


Unpaid dues, 


4,935 00 ! 


Matured share account, 


3,466 98 


Cash in hands of treasurer, . 


1,412 34 > 


Advance payments, 


1,539 13 




$437,612 37 


$437,612 37 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Receipts. 


Disbursements. 


From dues capital, 


$75,655 00 


For real estate loans, . 


$106,600 00 


interest, 


20,005 52 


share loans, . 


16,870 00 


premiums, . 


998 60 


dues capital withdrawn , 


67,615 00 


fines, .... 


16 69 


dues capital forfeited, . 


430 00 


real estate loans repaid, 


101,525 00 


dues capital retired, 


14,143 00 


real estate loans elimi- 




dues capital matured, . 


10,008 00 


nated by foreclosure, 


1,000 00 


profits capital withdrawn, 


13,657 16 


real estate loans elimi- 




profits capital forfeited, . 


102 10 


nated by maturity of 




profits capital retired, . 


3,783 23 


shares, 


2,000 00 


profits capital matured, 


4,458 96 


share loans repaid, 


17,630 00 


temporary expenses, 


1,666 26 


forfeited shares, . 


532 10 


permanent expenses, 


50 13 


rent of hall, 


3 00 


forfeited shares, . 


532 10 


real estate by foreclos- 




interest on retired shares, 


462 52 


ure, .... 


2,507 06 


guaranty fund, 


819 56 


matured share account, 


14,624 13 


real estate by foreclosure, 


1,261 49 


advance payments, 


15,526 27 


advance payments, 


17,493 33 


suspense, 


19,109 12 


matured shares, . 


11,157 15 


Cash on hand Oct. 31, 1896, . 


1,547 01 


interest on matured 








shares, 


157 17 






Cash on hand Oct. 30, 1897, . 


1,412 34 




$272,679 50 


$272,679 50 



No. 8.] SAVINGS BANK COMMISSIONERS. 



129 



Total Amount of Loans at Specified Rates of Interest. 



Loans on Keal Estate. 


Loans on Shares. 


Amount. 


Rate. 


Amount. 


Rate. 


Amount. 


Rate. 


$404,575 00 


6.30 per cent. 






$17,375 00 


6.30 per cent. 



Reconciliation of Share Account ivilh Dues and Profits Capital. 



Date of 


« 




s . 

OO O 


a 
^"3 




Issue. 


"C 


•3«2 


eSCtv 


03 £► 

o 






oo 


> 


CD 


H 




Jan., 1887, . 


11 


$180 35 


30 


$5,410 50 


Dues capital, as per gen- 




July, 1887, . 


12 


169 04 


109 


18,425 36 


eral ledger, 


$351,888 00 


Jan., 1888, . 


13 


158 12 


120 


18,974 40 


Profits capital, as per 




July, 1888, . 


14 


147 54 


109 


16,081 86 


general ledger, . 


68,229 69 


Jan., 1889, . 


15 


137 29 


217 


29,791 93 






July, 1889, . 


16 


127 36 


108 


13,754 88 






Jan., 1890, . 


17 


117 74 


362 


42,621 88 






July, 1890, . 


18 


108 42 


222 


24,069 24 






Jan., 1891, . 


19 


99 42 


557 


55,376 94 






July, 1891, . 


20 


90 66 


381 


34,541 46 






Jan., 1892, . 


21 


82 19 


74 


6,082 06 






July, 1892, . 


22 


73 96 


578 


42,748 88 






Jan., 1893, . 


23 


65 98 


125 


8,247 50 






July, 1893, . 


24 


58 24 


373 


21,723 52 






Jan., 1894, . 


25 


50 74 


321 


16,287 54 






July, 1894, . 


26 


43 46 


213 


9,256 98 






Jan., 1895, . 


27 


36 39 


760 


27,656 40 






July, 1895, . 


28 


29 52 


201 


5,933 52 






Jan., 1896, . 


29 


22 85 


500 


11,425 00 






July, 1896, . 


30 


16 38 


328 


5,372 64 






Jan., 1897, . 


31 


10 10 


472 


4,767 20 






July, 1897, . 


32 


4 00 


392 


1,568 00 


Total, 








• 






Total, 


$420,117 69 


$420,117 69 



lumber of shares issued during the year, 

lumber of shares now in force, 

[umber of shares now borrowed upon, .... 
Largest number of shares held by any one member, 
Number of shares withdrawn during the year, 

lumber of shares forfeited during the year, . 

lumber of shares retired during the year, . . . 

lumber of shares matured during the year, . 
Highest per centum of interest received during the year : 6.30. 
Lowest per centum of interest received during the year : 6.30. 
Number of members withdrawn during the year, . 

Present number of members, 918 

Present number of borrowers, 373 

Present number of non-borrowers, 545 

Number of loans secured by first mortgage of real estate, . . .311 

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, 1897, . 
Date of examination by commissioner: June 25. 



1,001 

6,552 

2,422 

25 

1,311 

5 

143 

72 



164 



$5,000 00 

50 00 

1,663 26 



130 



REPORT OF THE 



[Pub. Doc. 



MEDFORD CO-OPERATIVE BANK — MED FORD. 



Incorporated June 21, 1886. Commenced business July 7, 1886. 
Dana I. McIxtire, President. Jajies S. Stcrtevant, Secretary and Treasurer. 



Names of security committee : 
J. D. Street, Joseph E. Ober, 

"Walter F. Ceshing, Eli Ayers, 

Lewis H. Lotering. 



Regular meetings the first Wednesday of each month. 



Balance Sheet October 30, 1897. 



Assets. 


Liabilities. 


Loang on real estate, 
Loans on shares, . 
Permanent expense account, 
Unpaid interest, . 
Unpaid premiums, 
Unpaid fines, .... 
Cash in hands of treasurer, . 


$290,650 00 

18,200 00 

250 00 

612 75 

44 75 

88 97 

23,365 27 


Dues capital, 

Profits capital (all series), . 
Guaranty fund, . 
Surplus, .... 
Forfeited share account, 


$268,416 00 

61,020 64 

1,573 34 

2,189 60 

12 16 




§333,211 74 


§333,211 74 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31,1897. 



Receipts. 


Disbursements. 


From dues capital, 


$73,142 00 ' 


For real estate loans, . 


§67,950 00 


interest, 


18,924 72 


share loans, . 


15,850 00 


premiums, . 


1,326 15 


dues capital withdrawn, 


29,836 00 


fines, .... 


448 96 


dues capital forfeited, . 


604 00 


transfer fees, 


7 00 


dues capita! retired, 


16,668 00 


real estate loans repaid, 


48,500 00 


profits capital withdrawn, 


5,082 81 


share loans repaid, 


11,850 00 


profits capital forfeited, 


51 46 


withdrawal profits, 


1,265 64 


profits capital retired, . 


3,929 42 


forfeiture profits, 


12 90 


temporary expenses, 


1,175 96 


taxes, .... 


224 98 


permanent expenses, 


39 25 


Cash on hand Oct. 31, 1896, . 


8,854 02 ; 


interest, .... 


3 50 






premium, 


70 




$164,556 37 


Cash on hand Oct. 30, 1897, . 


23,365 27 




§164,556 37 



No. 8.] SAVINGS BANK COMMISSIONERS. 



131 



Total Amount of Loans at Specified Rates of Interest. 



Loans on Real Estate. 


Loans on Shares. 


Amount. 


Eate. 


Amount. 


Rate. 


Amount. 


Rate. 


$214,050 00 
55,900 00 


6.30 per cent. 
6.60 


$18,000 00 
2,700 00 


6.90 per cent. 
7.20 " 


$16,500 00 
900 00 
800 00 


6.30 per cent. 
6.60 " 
7.20 



Reconciliation of Share Account with Dties and Profits Capital. 



Date of 


GO 




a 

CO 

u 




l—'cij 






Issue. 


'u 


3.C3 

"SCO 


5 ° 


«S>. 
O 








OD 


> 


GO 


H 






July, 1886, . 


1 


$200 57 


80 


$16,045 60 


Dues capital, as per gen- 




Nov., 1886, . 


2 


192 25 


87 


16,725 75 


eral ledger, 


$268,416 00 


May, 1887, . 


3 


180 47 


111 


20,032 17 


Profits capital, as per 




Nov., 1887, . 


4 


168 77 


85 


14,345 45 


general ledger, . 


61,020 64 


May, 1888, . 


5 


157 63 


84 


13,240 92 


Unpaid dues, . 


1,234 00 


Nov., 1888, . 


6 


146 74 


49 


7,190 26 






May, 1889, . 


7 


136 18 


83 


11,302 94 






Nov., 1889, . 


8 


125 94 


71 


8,941 74 






May, 1890,. 


9 


116 03 


124 


14,387 72 






Nov., 1890, . 


10 


106 43 


151 


16,070 93 






May, 1891,. 


11 


97 09 


190 


18,447 10 






Nov., 1891, . 


12 


88 09 


154 


13,565 86 






May, 1892,. 


13 


79 38 


179 


14.209 02 






Nov., 1892, . 


14 


70 95 


234 


16,602 30 






May, 1893,. 


15 


62 79 


243 


15,257 97 






Nov., 1893, . 


16 


54 90 


369 


20,258 10 






May, 1894,. 


17 


47 25 


536 


25,326 00 






Nov., 1894, . 


18 


39 85 


393 


15,661 05 






May, 1895, . 


19 


32 75 


554 


18,143 50 






Nov., 1895, . 


20 


25 69 


432 


11,098 08 






May, 1896,. 


21 


18 95 


702 


13,302 90 






Nov., 1896, . 


22 


12 43 


497 


6,177 71 






May, 1897,. 


23 


6 11 


687 


4,197 57 
140 00 


Total, 




Dues paid in 


adva 


nee, . 


. 




Total, 


$330,670 64 


$330,670 64 



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 premium received during the year, . 

Lowest premium received 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 

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, 

Date of examination by commissioner: May 21. 



estate, 



1,251 

6,095 

2,086 

25 

809 

31 

228 



96 
625 
172 
453 
156 

63 



31, 1897, 



25 
05 



5,000 00 

50 00 

1.31 S 21 



132 



REPOKT OF THE 



[Pub. Doc. 



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, 

Seth E. Benson. 



Regular meetings the first Friday of each month. 



Balance Sheet October 30, 1897. 



Assets. 


Liabilities, 


Loans on real estate, 
Loans on shares, . 
Permanent expense account, 
Temporary expense account, 
Real estate by foreclosure, . 
Unadjusted loss, . 
Cash in hands of treasurer, . 


$18,450 00 
2,160 00 
97 16 
36 14 
7,998 26 
4,257 05 
1,383 77 


Dues capital, 

Profits capital (all series), . 

Interest, .... 

Premiums 

Fines, 

Forfeiture profits, 
Guaranty fund, . 
Surplus, .... 
Forfeited share account, 


$29,286 00 

4,187 03 

86 75 

7 55 

1 36 

3 91 

121 00 

678 48 

10 30 




$34,382 38 


$34,382 38 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Receipts. 


Disbursements. 


From dues capital, 


$9,446 00 


For real estate loans, . 


$2,700 00 


interest, 


1,441 41 


share loans, . 


735 00 


premiums, . 


98 45 


dues capital withdrawn, 


5,312 00 


fines, .... 


77 59 


profits capital withdrawn, 


377 49 


transfer fees, 


50 


temporary expenses, 


247 77 


real estate loans repaid, 


2,800 00 


real estate by foreclosure, 


4,982 52 


real estate loans elimi- 




miscellaneous expenses 




nated by foreclosure, 


5,100 00 


of foreclosed estates, 


592 80 


share loans repaid, 


775 00 


unadjusted loss, . 


4,257 05 


withdrawal profits, 


269 90 


Cash on hand Oct. 30, 1897, 


1,383 77 


forfeiture profits, 


3 91 






forfeited shares, . 


10 30 






real estate by foreclos- 








ure, .... 


176 00 






Cash on hand Oct. 31, 1896, . 


389 34 








$20,588 40 


$20,588 40 



No. 8.] SAVINGS BANK COMMISSIONERS. 



133 



Total Amount of Loans at Specified Rates of Interest. 



Loans on Keal Estate. 


Loans on Shares. 


Amount. 


Rate. 


Amount. 


Rate. 


Amount. 


Rate. 


$ 10,850 00 
1,900 00 


6.00 per cent. 
6.60 " 


$4,500 00 
1,200 00 


6.90 per cent. 
7.20 " 


$200 00 

1,000 00 

360 00 

300 00 

300 00 


6.00 per cent. 
6.60 " 
6.90 " 
7.50 " 
7.80 " 



Reconciliation of 


Share Account with Dues and Profits Capital. 


Date of 




u 

ft <u 


c . 

0> u 


6 
a 




Issue. 




•3% 

03 CO 


5 ° 
3* 


«> 






00 


> 


co 


H 




April, 1890, . 


1 


$111 67 


81 


$9,045 27 


Dues capital, as per gen- 




July, 1890,. 


2 


107 03 


11 


1,177 33 


eral ledger, . 


$29,286 00 


Oct., 1890,. 


3 


102 45 


35 


3,585 75 


Profits capital, as per 




Jan., 1891,. 


4 


97 97 


28 


2,743 16 


general ledger, . 


4,187 03 


April, 1891, . 


6 


93 57 


7 


654 99 


Unpaid dues, 


326 00 


July, 1891,. 


6 


89 22 


5 


446 10 






Oct., 1891,. 


7 


84 94 


9 


764 46 






April, 1892, . 


9 


76 65 


6 


459 90 






July, 1892,. 


10 


72 61 


12 


871 32 






Oct., 1892,. 


11 


68 63 


5 


343 15 






Jan., 1893, . 


12 


64 76 


8 


518 08 






April, 1893, . 


13 


60 89 


25 


1,522 25 






July, 1893, . 


14 


57 13 


34 


1,942 42 






Oct., 1893,. 


15 


53 38 


12 


640 56 






Jan., 1894, . 


16 


49 76 


21 


1,044 96 






April, 1894, . 


17 


46 16 


12 


553 92 






July, 1894, . 


18 


42 65 


5 


213 25 






Oct., 1894,. 


19 


39 16 


2 


78 32 






Jan., 1895, . 


20 


35 75 


16 


572 00 






April. 1895, . 


21 


32 36 


62 


2,006 32 






Oct., 1895, . 


22 


25 76 


90 


2,318 40 






April, 1896, . 


23 


19 36 


39 


755 04 






Oct., 1896,. 


24 


13 12 


80 


1,049 60 






April, 1897, . 


25 


7 06 


58 


409 48 






Oct., 1897,. 


26 


1 00 


31 


31 00 
52 00 


Total, 




Dues paid in adva 


nee, . 


• 




Total, 




$33,799 03 


$33,799 03 



Number of shares issued during the year, 232 

Number of shares now in force, 694 

Number of shares now borrowed upon, 134 

Largest number of shares held by any one member, . . . . 25 

Number of shares withdrawn during the year, 246 

Number of shares forfeited during the year, 38 

Highest per centum of interest received during the year, 6 9. 
Lowest per centum of interest received during the year : 6. 

Number of members withdrawn during the year, 31 

Present number of members, .' 108 

Present number of borrowers, .' ! 18 

Present number of non-borrowers, ....... 90 

Number of loans secured by first mortgage of real estate, '. '. '. 14 

Number of loans on shares, 7 

Largest loan to any one member, '. . . . $2,950 00 

Smallest loan to any one member, ' 60 00 

Amount of expenses of the corporation for the year ending Oct. 31, 1897, .' 247 77 
Date of examination by commissioner : February 24. 



134 



REPORT OF THE 



[Pub. Doc. 



MERCHANTS' CO-OPERATIVE BANK — BOSTON. 



Incorporated Dec. 21, 1881. Commenced business February, 1882. 
J. S. F. Huddleston, President. A. E. Duffill, Secretary and Treasurer. 



Names of security committee : 
George T. Bosson, Frank M. Perry, 

Albert E. Parsons, John Butland. 



Regular meetings the second Monday of each month. 



Balance Sheet October 30, 1897. 



Assets. 


Liabilities. 


Loans on real estate, 


$965,921 00 


Dues capital, 


$903,666 00 


Loans on shares, . 


37,290 00 


Profits capital (all series), . 


139,917 81 


Temporary expense account, 


1,771 44 


Interest, .... 


17,949 92 


Real estate by foreclosure, . 


20,735 59 


Premiums, .... 


1,189 82 


Tax account, .... 


103 18 


Fines, 


536 87 


Cash in hands of treasurer, . 


48,673 32 


Transfer fees, 


14 50 






Withdrawal profits, 


1,372 57 






Guaranty fund, . 


5,834 19 






Surplus, .... 


3,604 46 






Forfeited share account, 


141 12 






Suspense account, 


47 52 






Personal account, 


196 35 






Profit and loss account, 


23 40 




$1,074,494 53 


$1,074,494 53 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Receipts. 


Disbursements- 


From dues capital, 


$309,255 00 


For real estate loans, . 


$161,799 00 


interest, 


62,644 20 


share loans, . 


45,400 00 


premiums, . 


4,756 56 ' 


dues capital withdrawn, 


115,087 00 


fines, .... 


3,850 73 


dues capital forfeited, . 


1,904 00 


transfer fees, 


27 75 


dues capital retired, 


130,227 00 


real estate loans repaid, 


138,253 00 


dues capital matured, . 


26,163 00 


real estate loans elimi- 




profits capital withdrawn, 


17,724 83 


nated by foreclosure, 


27,550 00 


profits capital forfeited, 


178 18 


share loans repaid, 


41,930 00 


profits capital retired, . 


32,677 08 


withdrawal profits, 


2,490 07 


profits capital matured, 


12,624 00 


forfeiture profits, 


45 47 


temporary expenses, 


4,714 84 


forfeited shares, . 


2,042 37 


forfeited shares, . 


2,030 37 


temporary expense, . 


48 00 


interest on retired and 




taxes repaid, 


533 18 


matured shares, 


1,457 18 


suspense account, 


166 34 


tax account, . 


634,31 


real estate by foreclos- 




suspense account, . 


180 18 


ure, .... 


24,086 96 


real estate by foreclosure, 


31,570 15 


profit and loss account, 


25 70 


guaranty fund, 


1,450 52 


surplus account, . 


76 00 


Cash on hand Oct. 30, 1897, 


48,673 32 


Cash on hand Oct. 31, 1896, . 


16,713 63 








$634,494 96 


$634,494 96 



No. 8.] SAVINGS BANK COMMISSIONERS. 



135 



Total Amount oj Loans at Specified Rates of Interest. 



Loans on Real Estate. 


Loans on Shares. 


Amount. 


Kate. 


Amount. 


Rate. 


Amount. 


Rate. 


$5,170 00 

21,832 00 

667,989 00 

192,680 00 

33,450 00 


5.00 per cent. 
6.00 " 
6.30 " 
6.60 " 
6.90 " 


$10,500 00 

24,200 00 

2,000 00 

4,400 00 

3,700 00 


7.20 per cent. 
7.50 " 
7.80 « 
8.10 '< 
8.40 " 


$29,040 00 

5,480 00 

2,470 00 

200 00 

100 00 


6.30 per cent. 
6.60 " 
6.90 " 
7.20 " 
7.80 " 



Reconciliation of Share Account with Dues and Profits Capital. 






u 


c 












0> . 














p< Q> 


0) 








Date of 


00 


-T^ 1 


<v u 


03 

o 






Issue. 


"C 


3% 
"3 <» 










02 


> 


GO 


H 






Dec, 1886, . 


11 


$189 20 


85 


$16,082 00 


Dues capital, as per gen- 




June, 1887, . 


12 


177 06 


118 


20,893 08 


eral ledger, 


$903,666 00 


Dec, 1887, . 


13 


165 32 


113 


18,681 16 


Profits capital, as per 




June, 1888, . 


14 


153 96 


141 


21,708 36 


general ledger, . 


139,917 81 


Dec, 1888, . 


15 


143 06 


214 


30,614 84 


Unpaid dues, 


11,109 00 


June, 1889, . 


16 


132 52 


222 


29,419 44 






Dec, 1889, . 


17 


122 34 


265 


32,420 10 






June, 1890, . 


18 


112 49 


297 


33,409 53 






Dec, 1890, . 


19 


102 98 


582 


59,934 36 






June, 1891, . 


20 


93 80 


621 


58,249 80 






Dec, 1891, . 


21 


84 93 


777 


65,990 61 






June, 1892, . 


22 


76 36 


980 


74,832 80 






Dec, 1892, . 


23 


68 06 


1,057 


71,939 42 






June, 1893, . 


24 


60 07 


1,057 


63,493 99 






Dec, 1893, . 


25 


52 33 


1,725 


90,269 25 






June, 1894, . 


26 


44 86 


1,581 


70,923 66 






Dec, 1894,. 


27 


37 65 


2,012 


75,751 80 






June, 1895, . 


28 


30 67 


2,089 


64,069 63 






Dec, 1895,. 


29 


23 93 


2,425 


58,030 25 






June, 1896, . 


30 


17 42 


2,647 


46,110 74 






Dec, 1896, . 


31 


11 11 


3,009 


33,429 99 






June, 1897, . 


32 


5 00 


3,381 


16,905 00 
1,533 00 


Total, 




Dues paid in adva 


nee, . 




Total, 




• 




$1,054,692 81 


$1,054,69281 



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 premium received during the year, . 

Lowest premium received 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 

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, 1897, 

Date of examination by commissioner : October 19. 



estate, 



7,244 
25,398 

6,010 
. 25 

4,253 
. 174 

1,723 
. 194 



485 
2,720 

544 
2,176 

439 

114 



15 
05 



5,000 00 

50 00 

4,666 84 



136 



REPORT OF THE 



[Pub. Doc. 



MERRIMACK CO-OPERATIVE BANK — LAWRENCE. 



Incorporated April 2, 1892. Commenced business April 28, 1892. 
J. J. Mahoney, President. C. J. Corcoran, Secretary. 

C. A. McCarthy, Treasurer. 



Names of security committee : 
M. F. Sullivan, H. J. McQueeney. 



Regular meetings the first Friday of each month. 



Balance Sheet October 30, 1897. 



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, . 


$24,750 00 

790 00 

324 12 

178 75 

9 10 

28 58 

803 76 

2,631 07 


l 

Dues capital, 

Profits capital (all series), . 
Guaranty fund, . 
Surplus, .... 
Forfeited share account, 


$24,493 00 

3,175 81 

214 32 

996 85 

635 40 




$29,515 38 


$29,515 38 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Receipts. 


Disbursements. 


Fron 


l dues capital, 


$9,220 00 


For real estate loans, . 


$6,600 00 




interest, 


1,514 13 


share loans, . 


1,025 00 




premiums, . 


86 28 


dues capital withdrawn, 


3,788 00 




fines, .... 


223 15 


dues capital forfeited, . 


236 00 




real estate loans repaid, 


4,800 00 


dues capital retired, 


2,190 00 




share loans repaid, 


3,390 00 


profits capital withdrawn, 


401 43 




withdrawal profits, 


101 15 


profits capital forfeited, 


42 52 




forfeiture profits, . 


10 61 


profits capital retired, . 


332 42 




forfeited shares, . 


263 20 


temporary expenses, 


108 40 


Cash 


on hand Oct. 31, 1896, . 


104 72 


forfeited shares, . 
Cash on hand Oct. 30, 1897, 


1,554 64 
3,434 83 




$19,713 24 


$19,713 24 



No. 8.] SAVINGS BANK COMMISSIONERS. 



137 



Total Amount of Loans at Specified Rates of Interest. 





Loans on Real Estate. 




Loans on Shares. 


Amount. 


Rate. 


Amount. 


Rate. 


Amount. 


Rate. 


$24,750 00 


6.30 per cent. 


- 


- 


$790 00 


6.30 per cent. 



Reconciliation of Share Account with Dues and Profits Capital. 







u 

cL<x> 


a . 








Date of 


00 




4> b> 


— . °3 






Issue. 




OH 




"o 








00 


> 


OS 


H 






May, 1892, . 


1 


$77 98 


167 


$13,022 66 


Dues capital, as per gen- 




Nov., 1892, . 


2 


69 85 


7 


488 95 


eral ledger, 


$24,493 00 


May, 1893, . 


3 


61 94 


33 


2,044 02 


Profits capital, as per 




Nov., 1893, . 


4 


54 23 


25 


1,355 75 


general ledger, . 


3,175 81 


May, 1894, . 


5 


46 74 


51 


2,383 74 


Unpaid dues, 


353 00 


Nov., 1894, . 


6 


39 46 


41 


1,617 86 






May, 1895,. 


7 


32 39 


25 


809 75 






Nov., 1895, . 


8 


25 52 


45 


1,148 40 






May, 1896, . 


9 


18 85 


144 


2,714 40 






Nov., 1896, . 


10 


12 38 


81 


1,002 78 






May, 1897, . 


11 


6 10 


235 


1,433 50 


Total, 














Total, 


$28,021 81 


$28,021 81 



6.3 
6.3 



Number of shares issued during the year, 323 

Number of shares now in force 854 

Number of shares now borrowed upon, 134 

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 14 

Number of shares retired during the year, .... .39 

Highest per centum of interest received during the year 
Lowest per centum of interest received during the year 

Number of members withdrawn during the year, 19 

Present number of members, 105 

Present number of borrowers, - .41 

Present number of non-borrowers, , .64 

Number of loans secured by first mortgage of real estate, ... 30 

Number of loans on shares, 12 

Largest loan to any one member, $2,800 00 

Smallest loan to any one member, 200 00 

Amount of expenses of tbe corporation for the year ending Oct. 31, 1897, . 144 41 

Date of examination by commissioner: April 16. 



138 



REPORT OF THE 



TPub. Doc. 



MIDDLEBOROTJGH CO-OPERATIVE BANK — MIDDLE- 
BOROUGH. 



Incorporated May 1, 1889. Commenced business May 21, 1889. 
W. H. South worth, President. Joseph E. Beals, Secretary and Treasurer. 



Names of security committee : 

Warren H. Southworth, Henry W. Sears, 

Cornelius H. Leonard. 



Regular meetings the third Tuesday of each month. 



Balance Sheet October 30, 1897. 



Assets. 



Loans on real estate, 
Loans on shares, . 
Unpaid interest, . 
Unpaid premiums, 
Unpaid fines, 
Furniture and fixtures, 
Cash in hands of treasurer, 



,500 00 

650 00 

394 50 

19 93 

48 00 

70 00 

633 00 



$140,315 43 



Liabilities. 



Dues capital, 

Profits capital (all series) , 

Interest, 

Premiums, . 

Guaranty fund, . 

Surplus, 

Forfeited share account 



$116,190 00 

22,225 39 

4 50 

23 

415 00 

1,468 31 

12 00 



$140,315 43 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Receipts. 


Disbursements. 


From dues capital, 


$31,632 00 


For real estate loans, . 


$25,850 00 


interest, 


7,861 20 


share loans, . 


800 00 


premiums, . 


400 75 


dues capital withdrawn, 


11,701 00 


fines, .... 


235 46 


dues capital forfeited, . 


116 00 


transfer fees, 


3 50 


dues capital retired, 


11,407 00 


real estate loans repaid, 


11,700 00 


profits capital withdrawn, 


1,717 32 


real estate loans elimi- 




^profits capital forfeited, 


8 79 


nated by foreclosure, 


1,650 00 


profits capital retired, . 


2,887 36 


share loans repaid, 


2,250 00 


temporary expenses, 


504 45 


withdrawal profits, 


105 98 


interest on retired shares, 


266 10 


forfeiture profits, 


1 89 


forfeited shares, . 


105 98 


forfeited shares, . 


117 98 


real estate by foreclosure, 


2,716 94 


real estate bv foreclos- 




expenses, real estate, . 


79 36 


ure, .... 


2,814 47 


Cash on hand Oct. 30, 1897, 


633 00 


Cash on hand Oct. 31, 1896, . 


20 07 








$58,793 30 


$58,793 30 



No. 8.] SAVINGS BANK COMMISSIONERS. 



139 



Total Amount of Loans at Specified Rates of Interest. 



Loans on Real Estate. 


Loans on Shares. 


Amount. 


Kate. 


Amount. 


Rate. 


Amount. 


Rate. 


$136,000 00 


6.30 per cent. 


$2,500 00 


6.60 per cent. 


$650 00 


6.30 per cent- 



Reconciliation of Share Account with Dues and Profits Capital. 



Date of 


co 


u 

01 CO 

& !3 


c 

CO aj 


o3 
s 






Issue. 




B" 


03 O 


c3f> 










oJCZJ 




O 








K2 


> 


02 


H 






May, 1889, . 


1 


$133 05 


192 


$25,545 60 


Dues capital, as per gen- 




Nov., 1889, . 


2 


123 25 


87 


10,722 75 


eral ledger, . 


$116,190 00 


May, 1890, . 


3 


113 72 


107 


12,168 04 


Profits capital, as per 




Nov., 1890, . 


4 


104 48 


119 


12,433 12 


general ledger, . 


22,225 39 


May, 1891, . 


5 


95 52 


69 


6,590 88 


Unpaid dues, 


609 00 


Nov., 1891, . 


6 


86 79 


69 


5,988 51 






May, 1892, . 


7 


78 31 


135 


10,571 85 






Nov., 1892, . 


8 


70 10 


77 


5,397 70 






May, 1893, . 


9 


62 12 


129 


8,013 48 






Nov., 1893, . 


10 


54 37 


81 


4,403 97 






May, 1894, . 


11 


46 85 


171 


8,011 35 






Nov., 1894, . 


12 


39 55 


191 


7,554 05 






May, 1895, . 


13 


32 46 


168 


5,453 28 






Nov., 1895, . 


14 


25 57 


298 


7,619 86 






May, 1896, . 


15 


18 89 


171 


3,230 19 






Nov., 1896, . 


16 


12 41 


275 


3,412 75 






May, 1897, . 


17 


6 11 


291 


1,778 01 
129 00 


Total, 




Dues paid in 


adva 


nee, . 






Total, 


$139,024 39 


$139,024 39 



estate, 



52 
448 
104 
344 
140 
6 



$0 05 
05 



Number of shares issued during the year, 569 

Number of shares now in force, . . . . . . 2,630 

Number of shares now borrowed upon, 734 

Largest number of shares held by any one member, .... 25 

Number of shares withdrawn during the year, 307 

Number of shares forfeited during the year, 12 

Number of shares retired during the year, 119 

Highest premium received during the year, . 
Lowest premium received 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 
Number of loans on shares, .... 

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, 1897, . 504 45 

Date of examination by commissioner : April 23. 



140 



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, John M. Kingsbury, 

George A. Roper. 



Regular meetings the last Friday of each month. 



Balance Sheet October 30, 1897. 



Assets. 


Liabilities. 


Loans on real estate, 
Loans on shares, . 
Permanent expense account, 
Unpaid interest, . 
Unpaid premiums, 
Unpaid fines, .... 
Cash in hands of treasurer, . 


$74,250 00 ' 
3,250 00 
134 23 : 
343 25 i 
20 15 ! 
42 79 
1,046 96 


Dues capital, 

Profits capital (all series) , . 

Guaranty fund, 

Surplus, .... 


$69,936 00 

8,585 78 

107 19 

458 41 




$79,087 38 


$79,087 38 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Receipts. 


Disbursements. 


From dues capital, 

interest, 

premiums, . 

fines, .... 

transfer fees, 

real estate loans repaid, 

share loans repaid, 

withdrawal profits, 
Cash on hand Oct. 31, 1896, . 


$26,763 00 

4,105 11 

279 09 

179 45 

2 25 

9,110 00 

4,625 00 

239 78 

3,563 10 


For real estate loans, . 

share loans, . 

dues capital withdrawn, 

profits capital with- 
drawn, 

temporary expenses, 
Cash on hand Oct. 30, 1897, 


$26,150 00 

4,215 00 

15,834 00 

1,268 76 

352 06 

1,046 96 




$48,866 78 


$48,866 78 



No. 8.] SAVINGS BANK COMMISSIONERS. 



141 



Total Amount of Loans at Specified Rates oj Interest. 



Loans on Real Estate. 


Loans on Shares. 


Amount. 


Rate. 


Amount. 


Rate. 


Amount. 


Rate. 


$59,930 00 

12,750 00 

620 00 


6.30 per cent. 
6.60 " 
6.90 " 


$600 00 
350 00 


7.20 per cent. 
8.40 " 


$1,715 00 

925 00 

550 00 

60 00 


6.30 per cent. 
6.60 

6.90 " 
7.20 » 



Reconciliation of Share Account with Dues and Profits Capital. 



Date of 


en 


a} a 




s 






Issue. 


"E 


3,Sj 


« ° 


O 








OO 


> 


02 


H 






Nov., 1892, . 


1 


$70 59 


323 


$22,800 57 


Dues capital, as per gen- 




May, 1893, . 


2 


62 48 


101 


6,310 48 


eral ledger, . 


$69,936 00 


Not., 1893, . 


3 


54 65 


180 


9,837 00 


Profits capital, as per 




May, 1894, . 


4 


47 04 


194 


9,125 76 


general ledger, . 


8,585 78 


Nov., 1894, . 


5 


39 67 


287 


11,385 29 


Unpaid dues, . 


552 00 


May, 1895, . 


6 


32 52 


112 


3,642 24 






Nov., 1895, . 


7 


25 61 


303 


7,759 83 






May, 1896, . 


8 


18 92 


206 


3,897 52 






Nov., 1896, . 


9 


12 42 


221 


2,744 82 






May, 1897, . 


10 


6 11 


257 


1,570 27 


Total, 








•" • 


• 




Total, 


$79,073 78 


$79,073 78 



Number of shares issued during the year 578 

Number of shares now in force, 2,184 

Number of shares now borrowed upon, . . . . . . . 573 

Largest number of shares held by any one member, . . . .25 

Number of shares withdrawn during the year, 760 

Highest per centum of interest received during the year : 9.3. 
Lowest per centum of interest received during the year : 6.3. 

Number of members withdrawn during the year, 71 

Present number of members, . 267 

Present number of borrowers, 74 

Present number of non-borrowers 193 

Number of loans secured by first mortgage of real estate, ... 47 

Number of loans on shares, 27 

Largest loan to any one member, $4,400 00 

Smallest loan to any one member, 50 00 

Amount of expenses of the corporation for the year ending Oct. 31, 1897, . 372 06 

Date of examination by commissioner : April 13. 



142 



REPORT OF THE 



[Pub. Doc. 



MILFORD CO-OPERATIVE BANK — MILFORD. 



Incorporated March 31, 1887. Commenced business April 1, 1887. 
R. C. Eldridge, President. W. S. V. Cooke, Secretary and Treasurer. 



Names of security committee 



Clinton R. Scott, 
Chester L. Clarke, 



Lucius E. Heath, 
Daniel J. Cronan. 



Regular meetings the first Monday of each month. 



Balance Sheet October 30, 1897. 



Assets. 


Liabilities. 


Loans on real estate, 
Loans on shares, . 
Temporary expense account, 
Unpaid interest, . 
Unpaid fines, .... 
Insurance, .... 
Cash in hands of treasurer, . 


$186,798 00 

5,750 00 

8 35 

1,852 33 

132 63 

70 36 

4,075 86 


Dues capital, 

Profits capital (all series) , . 

Interest, .... 

Fines, 

Transfer fees, 
Withdrawal profits, 
Guaranty fund, . 
Surplus, .... 


$166,448 00 

28,618 47 

1,003 94 

31 13 

4 00 

31 72 

1,050 00 

1,500 27 




$198,687 53 


$198,687 53 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Receipts. 


Disbursements. 


From dues capital, 


$49,763 00 


For real estate loans, . 


$52,353 00 


interest, 


11,725 79 


share loans, . 


4,225 00 


fines, .... 


287 43 


dues capital withdrawn, 


20,658 00 


transfer fees, 


9 00 


dues capital retired, 


26,336 00 


real estate loans repaid, 


51,425 00 


profits capital withdrawn, 


3,910 25 


share loans repaid, 


6,400 00 


profits capital retired, . 


8,314 82 


withdrawal profits, 


335 21 


temporary expenses, 


719 77 


municipality loan, 


5,000 00 


municipality loan, 


5,000 00 


insurance, . 


6 60 


insurance, 


65 00 


Cash on hand Oct. 31, 1896, . 


705 67 


Cash on hand Oct. 30, 1897, 


4,075 86 




$125,657 70 


$125,657 70 



No. 8.] SAVINGS BANK COMMISSIONERS. 143 



Total Amount of Loans at Specified Bates of Interest. 



Loans on Eeal Estate. 


Loans on Shares. 


Amount. 


Rate. 


Amount. 


Rate. 


Amount. 


Rate. 


$115,915 00 

17,725 00 

19,783 00 

11,800 00 

8,650 00 


6 per cent. 
64 " 
64 " 

eh " 


$6,725 00 

4,000 00 

400 00 

500 00 

1,300 00 


6| per cent. 

74 


$4,550 00 

300 00 

300 00 

550 00 

50 00 


6 per cent. 

64 

64 " 

6l " 

74 " 



Reconciliation of Share Account with Dues and Profits Capital. 







u 


a 


<u 






Date of 


03 






s 

—."3 






Issue. 




%& 


tap 


Glt> 








<U 




A^l 


O 








m 


> 


Cfi 


H 






April, 1887, . 


1 


$175 94 


16 


$2,815 04 


Dues capital, as per gen- 




Oct , 1887, • 


2 


164 92 


33 


5,442 36 


eral ledger, 


$166,448 00 


April, 1888, . 


3 


154 22 


37 


5,706 14 


Profits capital, as per 




Oct., 1888, . 


4 


143 83 


19 


2,732 77 


general ledger, . 


28,618 47 


April, 1889, . 





133 75 


23 


3,076 25 


Unpaid dues, 


2,230 00 


Oct., 1889, . 


6 


123 96 


129 


15,990 84 






April, 1890, . 


7 


114 46 


76 


8,698 96 






Oct., 1890, . 


8 


105 23 


96 


10,102 08 






April,1891, . 


9 


96 27 


162 


15,595 74 






Oct., 1891, . 


10 


87 57 


127 


11,121 39 






April,1892, . 


11 


79 13 


188 


14,876 44 






Oct., 1892, . 


12 


70 93 


168 


11,916 24 






April, 1893, . 


13 


62 97 


314 


19,772 58 






Oct , 1893, . 


14 


55 24 


165 


9,114 60 






April, 1894, . 


15 


47 74 


396 


18,905 04 






Oct., 1894, . 


16 


40 46 


264 


10,681 44 






April, 1895, . 


17 


33 39 


332 


11,085 48 






Oct., 1895, . 


18 


26 52 


131 


3,474 12 






April,1896, . 


19 


19 85 


218 


4,327 30 






Oct., 1896, . 


'20 


13 38 


542 


7,251 96 






April, 1897, . 


21 


7 10 


597 


4,238 70 






Oct., 1897, . 


22 


1 00 


173 


173 00 

198 00 


Total, 




Dues paid in 


adva 


nee, . 


• 




Total, 


$197,296 47 


$197,296 47 



Number of shares issued during the year, 865 

Number of shares now in force, 4,206 

Number of shares now borrowed upon, 1,277 

Largest number of shares held by any one member, .... 25 
Number of shares withdrawn during the year, . . . . . 462 

Number of shares retired during the year, 249 

Highest per centum of interest received during the year: 74- 
Lowest per centum of interest received during the year: 6. 

Number of members withdrawn during the year, 84 

Present number of members, 626 

Present number of borrowers, . 199 

Present number of non-borrowers, . . 427 

Number of loans secured by first mortgage of real estate, . . . 217 

Number of loans on shares, 44 

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, 1897, . 774 77 

Date of examination by commissioner : March 26. 



144 



REPOKT OF THE 



[Pub. Doc, 



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 : 

Chas. M. Bromwich, Alfred F. Macdonald, 

John H. Giblin. 



Regular meetings the third Wednesday of each month. 



Balance Sheet October 30, 1897. 



Assets. 


Liabilities. 


Loans on real estate, 
Loans on shares, . 
Permanent expense account, 
Unpaid interest, . 
Unpaid premiums, 

Unpaid fines 

Cash in hands of treasurer, . 


$48,700 00 

5,650 00 

175 00 

279 90 

1 65 

34 11 

1,872 93 


Dues capital, 

Profits capital (all series) , . 
Interest, .... 
Premiums, .... 

Fines, 

Withdrawal profits, 
Guaranty fund, . 
Surplus, .... 
Forfeited share account, 


$51,445 00 

4,564 37 

251 45 

5 19 
15 98 

6 54 
62 42 

340 64 
22 00 




$56,713 59 


$56,713 59 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Receipts. 


Disbubsements. 


From dues capital, 


$25,451 00 


For real estate loans, . 


$21,800 00 


interest, 


2,673 41 


share loans, . 


5,825 00 


premiums, . 


41 63 


dues capital withdrawn, 


10,064 00 


fines, .... 


140 36 


dues capital forfeited, . 


91 00 


real estate loans repaid, 


5,825 00 


profits capital withdrawn, 


712 60 


share loans repaid, 


4,515 00 


profits capital forfeited, . 


12 12 


withdrawal profits, 


168 27 


temporary expenses, 


177 50 


forfeiture profits, . 


3 19 


forfeited shares, 


62 02 


forfeited shares, . 


68 02 


fines refunded, 


4 40 


Cash on hand Oct. 31, 1896, . 


1,740 69 


surplus, .... 


5 00 






Cash on hand Oct. 30, 1897, 


1,872 93 




$40,626 57 


$40,626 67 



No. 8.] SAVINGS BANK COMMISSIONERS. 



145 



Total Amount of Loans at Specified Bates of Interest. 



Loans on Real Estate. 


Loans on Shares. 


Amount. 


Rate. 


Amount. 


Rate. 


Amount. Rate. 


$27,550 00 1 6 00 per cent. 
650 00 ' 6.25 


$20,500 00 


6.30 per cent 


i 
$945 00 j 6.00 per cent. 
4,705 00 6.30 " 



Reconciliation of Share Account with Dues and Profits Capital. 



Date of 


to 


o . 


<U « 


6 

3 

— "3 






Issue. 


•2 


2% 


<a o 


<n> 








<o 


cSCO 


JSfel 


o 








m 


>. 


02 


H 






June, 1893, . 


1 


$60 30 


297 


$17,909 10 ! 


Dues capital, as per gen- 




Dec, 1893, . 


2 


52 67 


92 


4,845 64 : 


eral ledger, 


$51,445 00 


June, 1894, . 


3 


45 24 


62 


2,804 88 


Profits capital, as per 




Dec, 1894, . 


4 


38 04 


175 


6,657 00 


general ledger, . 


4,564 37 


June, 1895, . 





31 07 


115 


3,573 05 


Unpaid dues, 


1,178 00 


Oct., 1895,. 


6 


26 52 


183 


4,853 16 






April, 1896, . 


7 


19 85 


492 


9,766 20 






Oct., 1896, . 


8 


13 38 


283 


3,786 54 






April, 1897, . 


9 


7 10 


378 


2,683 80 






Oct., 1897,. 


10 


1 00 


180 


180 00 
128 00 


Total, 




Dues paid in 


adva 


nee, . 


• 




Total, 


$57,187 37 


$57,187 37 



Number of shares issued during the year, 782 

Number of shares now in force, 2,257 

Number of shares now borrowed upon, 540 

Largest number of shares held by any one member, . . . .25 

Number of shares withdrawn during the year, 527 

Number of shares forfeited during the year, 31 

Highest per centum of interest received during the year : 6.30. 
Lowest per centum of interest received during the year : 6. 

Number of members withdrawn during the year, 57 

Present number of members, 243 

Present number of borrowers, 63 

Present number of non-borrowers, 180 

Number of loans secured by first mortgage of real estate, ... 30 

Number of loans on shares, 54 

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, 1897, . 203 63 

Date of examination by commissioner : June 25. 



146 



EEPORT OF THE 



[Pub. Doc. 



NEEDHAM CO-OPERATIVE BANK— NEEDHAM. 



Incorporated April 21, 1892. Commenced business May 9, 1892. 
Albert E. Miller, President. W. G. Moseley, Secretary and Treasurer, 



Names of security committee : 

E. G. Pond, Howard A. Crossman, 

F. G. Tuttle, John Moseley, 

R. G. Roper. 



Regular meetings the first Monday after the first Friday of each month. 



Balance Sheet October 30, 1897. 



Assets. 



Loans on real estate, 
Loans on shares, . 
Permanent expense account, 
Cash in hands of treasurer, . 



$17,450 00 

2,630 00 

50 00 

28 35 



),158 35 



Liabilities. 



Dues capital, 

Profits capital (all series). 

Guaranty fund, . 

Surplus, 



$17,330 00 

2,425 87 

52 00 

350 48 



),158 35 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Receipts. 


Disbursements. 


From dues capital, 

interest, 

premiums, . 

fines, .... 

transfer fees, 

real estate loans repaid, 

share loans repaid, 

withdrawal profits, 
Cash on hand Oct. 31, 1896, . 


$5,581 00 

1,130 46 

63 75 

27 34 

25 

4,200 00 

1,480 00 

118 03 

1,303 11 

$13,903 94 


For real estate loans, . 
share loans, . 
dues capital withdrawn, 
profits capital withdrawn, 
temporary expenses, 

Cash on hand Oct. 30, 1897, 


$6,677 07 

2,510 00 

4,118 00 

502 52 

68 00 

28 35 




$13,903 94 



No. 8.] SAVINGS BANK COMMISSIONERS. 



147 



Total Amount of Loans at Specified Rates of Interest. 



Loans on Real Estate. 


Loans on Shares. 


Amount. 


Kate. 


Amount. 


Rate. 


Amount. 


Rate. 


$16,850 00 


6.30 pei - cent. 


$600 00 


6.60 per cent. 


$2,630 00 


6.30 per cent. 



Reconciliation of Share Account ivith Dues and Profits Capital. 



Date of 


to 


5> • 

1> C3 


c . 


3 






Issue. 


<v 


3^3 


a«s 


o 








02 


> 


00 


H 






May, 1892, . 


1 


$78 13 


113 


$8,828 69 


Dues capital, as per gen- 




Nov., 1892, . 


2 


69 93 


31 


2,167 83 


eral ledger, 


$17,330 00 


May, 1893, . 


3 


61 97 


35 


2,168 95 


Profits capital, as per 




Nov., 1893, . 


4 


54 24 


6 


325 44 1 


general ledger, . 


2,425 87 


May, 1894, . 


5 


46 74 


20 


934 80 


Unpaid dues, 


58 00 


Nov., 1894, . 


6 


39 46 


36 


1,420 56 






May, 1895, . 


7 


32 39 


51 


1,651 89 






Nov., 1895, . 


8 


25 52 


20 


510 40 






May, 1896, . 


9 


18 85 


51 


961 35 






Nov., 1896, . 


10 


12 38 


12 


148 56 






May, 1897, . 


11 


6 10 


114 


695 40 


Total, 










• 


• 




Total, 


$19,813 87 


$19,813 87 



Number of shares issued during the year, 131 

Number of shares now in force, 489 

Number of shares now borrowed upon, 143 

Largest number of shares held by any one member, .... 25 

Number of shares withdrawn during the year, 124 

Highest per centum of interest received during the year : 6.3. 
Lowest per centum of interest received during the year: 6.3. 

Number of members withdrawn during the year, 23 

Present number of members, 86 

Present number of borrowers 21 

Present number of non-borrowers, 65 

Number of loans secured by first mortgage of real estate, . . .17' 

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, 1897, . 
Date of examination by commissioner: March 4. 



J,400 00 
90 00 
93 00 



148 



REPOET OF THE 



[Pub. Doc, 



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 : 
Samuel S. Paine, Jasper W. Bralet, 

Benj. F. Brownell, A. R. Palmer. 



Regular meetings the third Friday of each month. 



Balance Sheet October 30, 1897. 



Assets. 


Liabilities. 


Loans on real estate, 


$321,356 19 


Dues capital, 


$281,163 00 


Loans on shares, . 


20,885 00 


Profits capital (all series), . 


64,763 34 


Permanent expense account, 


250 00 


Guaranty fund, . 


4,151 77 


Real estate by foreclosure, . 


2,477 96 


Surplus, .... 


3,012 83 


Unpaid interest, . 


1,076 63 


Forfeited share account, 


186 83 


Unpaid dues, 


1,918 00 


Personal accounts, 


57 17 


Unpaid fines, .... 


117 04 






Personal accounts, 


33 72 






Cash in hands of secretary, . 


569 62 






Cash in hands of treasurer, . 


4,650 78 








$353,334 94 


$353,334 94 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Receipts. 


Disbursements. 


From dues capital, 


$67,978 00 


For real estate loans, . 


$87,942 20 


interest, 


20,224 60 


share loans, . 


18,080 00 


fines, .... 


352 94 


dues capital withdrawn, 


45,423 00 


transfer fees, 


2 00 


dues capital forfeited, . 


1,036 00 


real estate loans repaid, 


59,742 20 


dues capital retired, 


8,219 00 


real estate loans elimi- 




profits capital withdrawn, 


9,531 64 


nated by foreclosure, 


2,275 00 


profits capital forfeited, 


103 87 


share loans repaid, 


19,675 00 


profits capital retired, . 


3,135 70 


withdrawal profits, 


742 96 


temporary expenses, 


1,863 69 


forfeiture profits, 


17 00 


interest on retired shares, 


139 05 


forfeited shares, . 


839 50 


forfeited shares, . 


768 45 


real estate by foreclos- 




profit and loss, 


7 08 


ure, .... 


3,028 10 


real estate by foreclosure, 


2,525 84 


profit and loss, 


28 83 


personal accounts, 


6,134 23 


personal accounts, 


6,186 61 


Cash on hand Oct. 30, 1897, . 


5,220 40 


Cash on hand Oct. 31, 1896, . 


9,037 41 








$190,130 15 


$190,130 15 



No. 8.] SAVINGS BANK COMMISSIONERS. 



149 



Total Amount of Loans at Specified Rates of Interest. 



Loans on Keal Estate. 


Loans on Shares. 


Amount. 


Rate. 


Amount. 


Kate. 


Amount. 


Rate. 


8151,450 00 


6.06 per cent. 


$2,383 25 


6.72 per cent. 


$11,730 00 


6.06 per cent. 


39,000 00 


6.12 " 


4,075 00 


6.78 


3,065 00 


6.12 


26,697 94 


6.18 " 


4,150 00 


6.84 


750 00 


6.18 " 


10,975 00 


6.24 " 


2,400 00 


6.90 " 


1,410 00 


6.24 


17,900 00 


6.30 « 


625 00 


6.96 


1,225 00 


6.30 


11,700 00 


6.36 " 


1,200 00 


7.02 


600 00 


6.36 " 


4,275 00 


6.42 " 


500 00 


7.08 


560 00 


6.54 " 


6,725 00 


648 " 


1,675 00 


7.14 


520 00 


6.72 « 


8,175 00 


6.54 " 


525 00 


7.20 » 


20 00 


6.78 « 


16,800 00 


6.60 


350 00 


7.32 


85 00 


6.84 


9,625 00 


6.66 " 


150 00 


7.56 " 


560 00 

300 00 

60 00 


6.96 
7.02 
7.56 " 



Reconciliation of Share Account with Dues and Profits Capital. 







u 


"* ai 


3 






Date of 


m 


<0 as 


a, u 


_ OS 






I8SUE. 




•5^ 


it ° 

S3 (V. 


o 








en 


> 


CO 


H 






May, 1886, . 


11 


$199 42 


90 


$17,947 80 


Dues capital, as per gen- 




Nov., 1886, . 


12 


187 44 


91 


17,057 04 


eral ledger, . 


$281,163 00 


May, 1887, . 


13 


175 85 


110 


19,343 50 


Profits capita], as per 




Nov., 1887, . 


14 


164 63 


72 


11,853 36 


general ledger, . 


64,763 34 


May, 1888, . 


15 


153 76 


158 


24,294 08 






Nov., 1888, . 


16 


143 23 


113 


16,184 99 






May, 1889, . 
Nov., 1889, . 
May, 1890, . 


17 


133 03 


141 


18,757 23 






18 


123 15 


139 


17,117 85 






19 


113 57 


200 


22,714 00 






Nov., 1890, . 


20 


104 31 


151 


15,750 81 






May, 1891, . 


21 


95 34 


161 


15,349 74 






Nov., 1891,. 


22 


86 62 


222 


19,229 64 






May, 1892, . 


23 


78 16 


205 


16,022 80 






Nov., 1892, . 


24 


69 96 


209 


14,621 64 






May, 1893, . 


25 


61 99 


291 


18,039 09 






Nov., 1893, . 


26 


54 26 


357 


19,370 82 






May, 1894, . 


27 


46 75 


233 


10,892 75 






Nov., 1894, . 


28 


39 47 


299 


11,801 53 






May, 1895, . 


29 


32 39 


308 


9,976 12 






Nov., 1895, . 


30 


25 52 


373 


9,518 96 






May, 1896, . 


31 


18 85 


467 


8,802 95 






Nov., 1896, . 


32 


12 38 


598 


7,403 24 






May, 1897, . 


33 


6 10 


574 


3,501 40 
375 00 


Total, 




Dues paid in 


adva 


nee, . 


• 




Total, 


$345,926 34 


$345,926 34 



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, 



1,322 
5,562 
2,399 
. 25 
1,048 
. 35 
. 65 



150 REPORT OF THE [Pub. Doc. 

Highest premium received during the year, ........ $0 05 

Lowest premium received during the year, 01 

Number of members withdrawn during the year, 134 

Present number of members, 735 

Present number of borrowers, 284 

Present number of non-borrowers, 451 

Number of loans secured by first mortgage of real estate, ... 196 

Number of loans on shares, 88 

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, 1897, . 1,863 69 
Date of examination by commissioner : July 12. 



No. 8.] SAVINGS BANK COMMISSIONERS. 



151 



NEWBURYPORT CO-OPERATIVE BANK— NEWBURY 

PORT. 



Incorporated March 15, 1888. Commenced business April 9, 1888. 
Charles H. Goodwin, President. George E. Stickney, Secretary and Treasurer. 



Names of security committee: 

Chas. H. Goodwin, W. Herbert Noyes, 

Leonard N. Kent. 



Regular meetings the second Monday of each month. 



Balance Sheet October 30, 1897. 



Assets. 


Liabilities. 


Loans on real estate, 
Loans on shares, . 
Temporary expense account, 
Unpaid interest, . 
Unpaid premiums, 
Unpaid fines, 

Real estate, .... 
Furniture and fixtures, . 
Cash in hands of treasurer, . 


$153,000 00 

3,596 00 

110 33 

400 75 

22 10 

32 88 

384 05 

200 00 

5,967 35 


Dues capital, 

Profits capital (all series), . 
Interest, .... 
Premiums, .... 
Fines, . . . . . 
Transfer fees, 
i Withdrawal profits, 
Guaranty fund, . 
Surplus, .... 


$134,014 00 

26,146 20 

838 47 

51 85 

20 20 

75 

63 00 

1,130 00 

1,448 99 




$163,713 46 


$163,713 46 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Receipts. 


Disbursements. 


From 


dues capital, 


$37,548 00 


For real estate loans, . 


$31,600 00 




interest, 


9,985 51 


share loans, . 


2,175 00 




premiums, . 


629 30 


dues capital withdrawn, 


18,147 00 




fines, .... 


225 81 


dues capital retired, 


13,582 00 




transfer fees, 


1 25 


profits capital withdrawn, 


2,636 55 




real estate loans repaid, 


27,610 00 


profits capital retired, . 


2,926 72 




share loans repaid, 


1,655 00 


temporary expenses, 


1,047 24 




withdrawal profits, 


366 32 


purchase of real estate, 


384 05 


Cash 


on hand Oct. 31, 1896, . 


905 65 


suspense, 

interest overpaid, . 


455 73 
5 20 








Cash on hand Oct. 30, 1897, 


5,967 35 




$78,926 84 


$78,926 84 



152 



REPORT OF THE 



[Pub. Doc. 



Total Amount of Loans at Specified Rates of Interest. 



Loans on Eeal Estate. 


Loans on Shares. 


Amount. 


Rate. 


Amount. 


Kate. 


Amount. 


Kate. 


$139,500 00 
3,200 00 
2,750 00 


6.30 per cent. 
6.60 " 
6.90 " 


$1,600 00 
4,150 00 
1,800 00 


7.20 per cent. 
7.50 " 
7.80 « 


$3,596 00 


6.30 per cent. 



Reconciliation of 


Share Account with Dues and Profits Capital. 


Date of 


03 


In 
<o (3 


c . 

oo y 


1 




Issue. 


"S 


3.C 




o 






CO 


> 


QC 


&H 




April, 1888, . 


1 


$154 22 


99 


$15,267 78 


Dues capital, as per gen- 




Oct., 1888, . 


2 


143 83 


100 


14,383 00 


eral ledger, 


$134,014 00 


April, 1889, . 


3 


133 75 


" 92 


12,305 00 


Profits capital, as per 




Oct., 1889, . 


4 


123 96 


84 


10,412 64 


general ledger, . 


26,146 20 


April, 1890, . 


5 


114 46 


88 


10,072 48 


Unpaid dues, 


889 00 


Oct., 1890, . 


6 


105 23 


90 


9,470 70 






April, 1891, . 


7 


96 27 


113 


10,878 51 






Oct., 1891, . 


8 


87 57 


96 


8,406 72 






April, 1892, . 


9 


79 13 


86 


6,805 18 






Oct , 1892, . 


10 


70 93 


99 


7,022 07 






April, 1893, . 


11 


62 97 


123 


7,745 31 






Oct., 1893, . 


12 


55 24 


88 


4,861 12 






April, 1894, . 


13 


47 74 


115 


5,490 10 






Oct., 1894, . 


14 


40 46 


193 


7,808 78 






April, 1895, . 


15 


33 39 


434 


14,491 26 






Oct , 1895, . 


16 


26 52 


199 


5,277 48 






April, 1896, . 


17 


19 85 


279 


5.538 15 






Oct., 1896, . 


18 


13 38 


219 


2,930 22 






April, 1897, . 


19 


7 10 


227 


1,611 70 






Oct., 1897, . 


20 


1 00 


271 


271 00 


Total, 








• 


• 




Total, 


$161,049 20 


$161,049 20 



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 premium received during the year, . 
Lowest premium received 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, 

Largest loan to any one member 

Smallest loan to any one member, .... 

Amount of expenses of the corporation for the year ending Oct. 31, 1897, 

Date of examination by commissioner : December 23. 



508 
3,095 
909 
25 
466 
198 



97 
434 
126 
308 
131 

21 



$0 05 
05 



5,000 00 

50 00 

1,047 24 



No. 8.] SAVINGS BANK COMMISSIONERS. 



153 



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, J. F. Heckman, 

T. B. Fitzpatrick, G. F. Simpson, 

F. J. Hale. 



Regular meetings the first Tuesday of each month. 



Balance Sheet October 30, 1897. 



Assets. 



Loans on real estate, 
Loans on shares, . 
Temporary expense account, 
Interest paid, 
Cash in hands of treasurer, . 



$430,900 00 

12,440 00 

451 64 

131 79 

2,374 51 



$446,297 94 



Liabilities. 



Dues capital, 

Profits capital (all series), 

Interest, 

Premiums, . 

Fines, . 

Withdrawal profits, 

Guaranty fund, . 

Surplus, 



$379,667 00 

56,106 08 

4,166 47 

272 45 

83 78 

286 00 

3,000 00 

2,716 16 



$446,297 94 



Detailed Statement of Receipts and Disbursements for the Tear ending 

Oct. 31, 1897. 



Receipts. 


Disbursements. 


From dues capital, 


$135,643 00 


For real estate loans, . 


$189,550 00 


interest, 


24,482 96 


share loans, . 


10,140 00 


premiums, . . ' . 


1,619 07 


dues capital withdrawn, 


52,9,59 00 


fines, .... 


530 44 


dues capital retired, 


42,238 00 


real estate loans repaid, 


139,600 00 


profits capital withdrawn, 


5,190 80 


share loans repaid, 


12,745 00 


profits capital retired, . 


10,152 46 


withdrawal profits, 


903 08 


temporary expenses, 


2,997 02 


security committee, 


64 00 


interest on retired shares, 


638 22 


Cash on hand Oct. 31, 1896, . 


716 46 


security committee, 


64 00 






Cash on hand Oct. 30, 1897, 


2,374 51 




$316,304 01 


$316,304 01 



154 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. 


$383,900 00 
35,100 00 


6.30 per cent. 
6 60 " 


$9,900 00 
2,000 00 


6.90 per cent. 
7.50 


$11,740 00 
700 00 


6.30 per cent. 
6.60 



Reconciliation of Share Account with Dues and Profits Capital. 



\ 

Date of 


03 


C-2 


c . 

05 O 


6 

s 
~"5 






Issue. 


"u. 






oSJ> 

~o 








02 


> 


co 


H 






Sept., 1888, . 


1 


$144 83 


236 


$34,179 88 


Dues capital, as per gen- 




Mar., 1889, . 


2 


134 75 


187 


25,198 25 


eral ledger, 


$379,667 00 


Sept., 1889, . 


3 


124 96. 


111 


13,870 56 


Profits capital, as per 




Mar., 1890, . 


4 


115 46 


196 


22,630 16 


general ledger, . 


56,106 08 


Sept., 1890, . 


' 5 


106 23 


167 


17,740 41 


Unpaid dues, . 


3,134 00 


Mar., 1891, . 


6 


97 27 


232 


22,566 64 






Sept., 1891, . 


7 


88 57 


205 


18,156 85 






Mar., 1892, . 


8 


80 13 


338 


27,083 94 






Sept., 1892, . 


9 


71 93 


286 


20,571 98 






Mar., 1893, . 


10 


63 97 


517 


33,072 49 






Sept., 1893, . 


11 


56 24 


379 


21,314 96 






Mar., 1894, . 


12 


48 74 


629 


30,657 46 






Sept., 1894, . 


13 


41 46 


576 


23,880 96 






Mar., 1895, . 


14 


34 39 


998 


34,321 22 






Sept., 1895, . 


15 


27 52 


920 


25,318 40 






Mar., 1896, . 


16 


20 85 


1,630 


33,985 50 






Sept., 1896, . 


17 


14 38 


1,114 


16,019 32 






Mar., 1897, . 


18 


8 10 


1,811 


14,669 10 






Sept., 1897, . 


19 


2 00 


1,450 


2,900 00 
769 00 


Total, . 




Dues paid in 


adv8 


mce, . 




Total, 


• 


• 


$438,907 08 


$438,907 08 



estate, 



$0 10 
05 



Number of shares issued during the year, 3,881 

Number of shares now in force, 11,982 

Number of shares now borrowed upon, 2,689 

Largest number of shares held by any one member, ; . 25 

Number of shares withdrawn during the year, .... 2,516 

Number of shares retired during the year, 496 

Highest premium received during the year, . 
Lowest premium received 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 

Number of loans on shares, .... 

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, 1897, . 2,997 02 
Date of examination by commissioner: March 29. 



165 
1,308 

248 
1,060 

225 
35 



No. 8.] SAVINGS BANK COMMISSIONERS. 



155 



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, Eliphalet R. Bates, 

Samuel N. Turner. 



Regular meetings the first Wednesday of each month. 



Balance Sheet October 30, 1897. 



Assets. 


Liabilities. 


Loans on real estate, 
Loans on shares, . 
Unpaid interest, 
Unpaid premiums, 
Unpaid fines, 
Real estate tax account, 
Cash in hands of secretary, . 
Cash in hands of treasurer, . 


$60,850 00 

2,550 00 

324 75 

16 95 

43 52 

51 28 

13 08 

3,585 49 


Dues capital, 

Profits capital (all series), . 

Interest, .... 

Premiums 

Fines, 

Withdrawal profits, 
Guaranty fund, . 

Surplus 

Forfeited share account, 


$54,275 00 

11,373 09 

346 04 

17 30 

21 68 

15 80 

242 00 

1,122 58 

21 58 




$67,435 07 


$67,435 07 



Detailed Statement of Beceipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Receipts. 


Disbursements. 


From dues capital, 


$13,968 00 


For real estate loans, . 


$11,500 00 


interest, 


3,560 40 


share loans, . 


3,900 00 


premiums, . 


178 20 


dues capital withdrawn, 


3,278 00 


fines, .... 


177 14 


dues capital forfeited, . 


20 00 


transfer fees, 


25 


dues capital retired, 


3,646 00 


real estate loans repaid, 


4.700 00 


profits capital withdrawn, 


331 53 


share loans repaid, 


2,600 00 


profits capital retired, . 


1,215 24 


withdrawal profits, 


81 26 


temporary expenses, 


227 85 


forfeited shares, . 


20 00 


Cash on hand Oct. 30, 1897, . 


3,598 57 


Cash on hand Oct. 31, 1896, . 


2,431 94 








$27,717 19 


$27,717 19 



156 



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. 


$60,850 00 ; 6.30 per cent. 


- 


- 


$2,550 00 


6.30 per cent. 



Reconciliation of Share Account with Dues and Profits Capital. 

















Date of 


a> 


<U C3" 




oj 

s 






Issue. 


"C 


3.C 

■a-" 


03 i=4 


© 








GO 


> 


GO 


H 






April, 1888, . 


1 


$154 22 


59 


$9,098 98 


Dues capital, as per gen- 




Oct., 1888,. 


2 


143 83 


46 


6,616 18 


eral ledger, 


$54,275 00 


April, 1889, . 


3 


133 75 


50 


6,687 50 


Profits capital, as per 




Oct., 1889, . 


4 


123 96 


36 


4,462 56 


general ledger, . 


11,373 09 


April, 1890, . 





114 46 J 


27 


3,090 42 


Unpaid dues, . 


449 00 


Oct., 1890, . 


6 


105 23 


27 


2,841 21 






April, 1891, . 


7 


96 27 


55 


5,294 85 






Oct.-, 1891,. 


8 


87 57 


8 


700 56 






April, 1892, . 


9 


79 13 


34 


2,690 42 






Oct., 1892, . 


10 


70 93 


78 


5,532 54 






April, 1893, . 


11 


62 97 


57 


3,589 29 






Oct., 1893, . 


12 


55 24 


28 


1,546 72 






April, 1894, . 


13 


47 74 


80 


3,819 20 






Oct., 1894, . 


14 


40 46 


33 


1,335 18 






April, 1895, . 


15 


33 39 


49 


1,636 11 






Oct., 1895,. 


16 


26 52 


78 


2,068 56 






April, 1896, . 


17 


19 85 


139 


2,759 15 






Oct., 1896, . 


18 


13 38 


47 


628 86 






April, 1897, . 


19 


7 10 


218 


1,547 80 






Oct., 1897,. 


20 


1 00 


113 


113 00 
38 00 


Total, 




Dues paid in 


adva 


nee, . 


• 




Total, 


$66,097 09 


$66,097 09 



estate, 



19 
243 

65 
178 

65 
7 



$0 05 
05 



Number of shares issued during the year, 365 

Number of shares now in force, 1,262 

Number of shares now borrowed upon, 361 

Largest number of shares held by any one member, . . . .25 

Number of shares withdrawn during the year 162 

Number of shares forfeited during the year, 5 

Number of shares retired during the year, 33 

Highest premium received during the year, 
Lowest premium received 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 
Number of loans on shares, .... 

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, 1897, . 227 85 

Date of examination by commissioner : March 29. 



No. 8.] SAVINGS BANK COMMISSIONEKS. 



157 



NORTHAMPTON CO-OPERATIVE BANK — NORTH 

AMPTON. 



Incorporated May 21, 1889. Commenced business May 24, 1889. 

E. C. Davis, President. H. It. Graves, Secretary. 

L. L. Campbell, Treasurer. 



Names of security committee : 

C. S. Crouch, S. R. Coolet, 

L. L. Campbell. 



Regular meetings the first Monday of each month. 



Balance Sheet October 30, 1897. 



Assets. 


Liabilities. 


Loans on real estate, 


$156,650 00 


Dues capital, 


$146,857 00 


Loans on shares, . 


3,950 00 


Profits capital (all series), . 


25,672 70 


Permanent expense account, 


52 68 


Guaranty fund, . 


364 96 


Real estate by foreclosure, . 


7,157 90 


Surplus, .... 


1,019 46 


Unpaid interest, 


879 75 


Forfeited share account, 


108 57 


Unpaid premiums, 


80 10 






Unpaid fines, 


202 79 






Unpaid dues, 


1,313 00 






Cash in hands of secretary, . 


222 10 






Cash in hands of treasurer, . 


3,514 37 








$174,022 69 


$174,022 69 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Receipts. 


Disbursements. 


From dues capital, 


$42,901 00 


For real estate loans, . 


$41,700 00 


interest, 


8,915 57 


share loans, . 


2,800 00 


premiums, . 


721 16 


dues capital withdrawn, 


12,835 00 


fines, .... 


277 23 


dues capital forfeited, . 


420 00 


transfer fees, 


4 00 


dues capital retired, 


8,027 00 


real estate loans repaid, 


18,400 00 


profits capital withdrawn, 


1,508 49 


real estate loans elimi- 




profits capital forfeited, . 


14 00 


nated by foreclosure, 


7,200 00 


profits capital retired, . 


2,131 74 


share loans repaid, 


2,165 00 


temporary expenses, 


792 22 


withdrawal profits, 


121 32 


permanent expenses, 


52 68 


forfeiture profits, 


3 50 


forfeited shares, 


538 60 


forfeited shares, . 


430 50 


interest on retired shares, 


130 01 


profits account, . 


32 30 


real estate loans fore- 




insurance, . 


500 00 


closed. 


7,200 00 


rents, etc., . 


301 50 


insurance, 


500 00 


Cash on hand Oct. 31, 1896, . 


672 53 


expenses and repairs on 








real estate, . 


259 40 






Cash on hand Oct. 30, 1897, 


3,736 47 




$82,645 61 


$82,645 61 



158 



REPORT OF THE 



[Pub. Doc. 



Total Amount of Loans at Specified Rates of Interest. 



Loans ox Eeal Estate. 


Loans on Shares. 


Amount. 


Rate. 


Amount. 


Kate. 


Amount. 


Rate. 


$15,250 00 

95,000 00 
25,400 00 


6.00 per cent. 

6.30 

6.60 


$14,400 00 
6,600 00 


6.90 per cent. 
7.20 


$2,900 00 
1,050 00 


6.00 per cent. 
6.30 



Reconciliation of Share Account with Dues and Profits Capital. 




Number of shares issued during the year, 972 

Number of shares now in force, 3,648 

Number of shares now borrowed upon, 943 

Largest number of shares held by any one member, . . . .25 

Number of shares withdrawn during the year, 490 

Number of shares forfeited during the year 35 

Number of shares retired during the year, 84 

Highest per centum of interest received during the year : 7.80. 
Lowest per centum of interest received during the year : 6. 

Number of members withdrawn during the year, 84 

Present number of members, 553 

Present number of borrowers, 156 

Present number of non-borrowers, 397 

Number of loans secured by first mortgage of real estate, . . . 120 

Number of loans on shares, 36 

Largest loan to any one member, $5,000 00 

Smallest loan to any one member, 30 00 

Amount of expenses of the corporation for the year ending Oct. 31, 1897* . 792 22 

Date of examination by commissioner : May 12. 



No. 8.] SAVINGS BANK COMMISSIONERS. 



159 



NORTH DIGHTON CO-OPERATIVE BANK — NORTH 

DIGHTON. 






Incorporated April 14, 1890. Commenced business April 21, 1890. 

Joseph Philbrick, President. Nathaniel R. Lincoln, Secretary. 

Edward Lincoln, Treasurer. 



Names of security committee : 

Edward Almy, James M. Lincoln, 

William T. Place. 



Regular meetings the second Monday of each month. 



Balance Sheet October 30, 1897. 



Assets. 


Liabilities. 


Loans on real estate, 
Loans on shares, . 
Temporary expense account, 
Pass book account, 
Cash in hands of treasurer, . 


$45,825 00 

1,385 00 

62 25 

21 60 

721 54 


Dues capital, 

Profits capital (all series) , . 
Interest, .... 
Premiums, . . 
Fines, '. 
Transfer fees, 
Guaranty fund, . 
Surplus, .... 


$40,161 00 

5,866 82 

1,526 92 

78 37 

1 21 49 

183 02 
177 77 




$48,015 39 


$48,015 39 



Detailed Statement of Beceipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Receipts. 


Disbursements. 


From dues capital, 
interest, 
premiums, . 
fines, .... 
real estate loans repaid, 
share loans repaid, 
notes receivable repaid, 
pass book account, 

Cash on hand Oct. 31, 1896, . 


$11,567 00 

2,624 71 

135 57 

45 15 

3,400 00 

1,465 00 

1,200 00 

1 70 

321 38 


For real estate loans, . 
share loans, . 
dues capital withdrawn, 
profits capital withdrawn, 
temporary expenses, 
notes receivable, . 

Cash on hand Oct. 30, 1897, 


$7,825 00 
1,950 00 
7,822 00 
1,123 32 
118 65 
1,200 00 
721 54 




$20,760 51 


$20,760 51 



160 



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. 


$45,825 00 


6 30 per cent. 


- 


- 


$1,385 00 


6.30 per cent. 



Reconciliation of Share Account with Dues and Profits Capital. 



Date of 


09 


u 


CO o 


9 

a 






Issue. 


~ 


3,=! 


m ° 

JC3 1 * 1 


o 








02 


> 


m 


Eh 






April, 1890, . 


1 


$110 71 


197 


$21,809 87 


Dues capital, as per gen- 




April, 1891,. 


2 


93 38 


47 


4,388 86 


eral ledger, 


$40,161 00 


April, 1892, . 


3 


76 84 


51 


3,918 84 


Profits capital, as per 




April, 1893, . 


4 


61 20 


47 


2,876 40 


general ledger, . 


5,866 82 


April, 1894, . 


5 


46 44 


• 52 


2,414 88 


Unpaid dues, 


186 00 


April, 1895, . 


6 


32 52 


171 


5,560 92 






April, 1896, . 


7 


19 39 


195 


3,781 05 






April, 1897, . 


8 


7 00 


209 


1,463 00 


Total, 








• 


• 




Total, 


$46,213 82 


$46,213 82 



Number of shares issued during the year, 241 

Number of shares now in force, 969 

Number of shares now borrowed upon, 360 

Largest number of shares held by any one member, .... 25 

Number of shares withdrawn during the year, 283 

Highest premium received during the year, $0 05 

Lowest premium received during the year, 05 

Number of members withdrawn during the year, 20 

Present number of members, 153 

Present number of borrowers, 54 

Present number of non-borrowers, 99 

Number of loans secured by first mortgage of real estate, . . .42 

Number of loans on shares, 12 

Largest loan to any one member, 2,000 00 

Smallest loan to any one member, 25 00 

Amount of expenses of the corporation for the year ending Oct. 31, 1897, • 118 65 

Date of examination by commissioner : June 14. 



No. 8.] SAVINGS BANK COMMISSIONERS. 



161 



NORTH E ASTON CO-OPERATIVE BANK — NORTH 

EASTON. 



Incorporated April 23, 1889. Commenced business April 23, 1889. 
L. B. Crockett, President. Wm. H. Clements, Secretary and Treasurer. 



Names of security committee : 

Edward R. Hayward, L. L. Berry, 

S. K. Kelley. 



Regular meetings the third Monday of each month. 



Balance Sheet October 30, 1897. 



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 

Cash in hands of treasurer, . 


$80,800 00 

2,945 00 

11 80 

20 00 

1,034 02 

476 25 

27 02 

49 41 

3,204 58 


Dues capital, 

Profits capital (all series), . 
Interest, .... 
Premiums, .... 

Fines, 

"Withdrawal profits, 
Guaranty fund, . 
Surplus, .... 
Forfeited share account, 


$72,930 00 

12,902 43 

417 73 

28 54 

19 77 

31 36 

915 14 

1,307 77 

15 34 




$88,568 08 


$88,568 08 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Receipts. 


Disbursements. 


From dues capital, 


$21,514 00 


For real estate loans, . 


$21,540 00 


interest, 


5,025 97 


share loans, . 


1,190 00 


premiums, . 


384 14 


dues capital withdrawn, 


9,114 00 


fines, .... 


258 73 


dues capital forfeited, . 


462 00 


transfer fees, 


50 


dues capital retired, 


7,973 00 


real estate loans repaid, 


13,900 00 


profits capital withdrawn, 


1,220 30 


real estate loans elimi- 




profits capital forfeited, . 


55 05 


nated by foreclosure, 


4,650 00 


profits capital retired, . 


1,959 35 


share loans repaid, 


787 00 


temporary expenses, 


359 25 


withdrawal profits, 


304 68 


permanent expenses, 


25 05 


forfeiture profits, 


55 05 


interest on retired shares, 


165 42 


retired shares, 


9,707 69 


retired shares, 


9,707 69 


real estate by foreclos- 




real estate by foreclosure, 


5,009 02 


ure, .... 


3,975 00 


Cash on hand Oct. 30, 1897, • 


3,204 58 


Cash on hand Oct. 31, 1896, . 


1,421 95 
$61,984 71 








$61,984 71 



162 



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. 


$7,500 00 

48,750 00 

13,250 00 

6,100 00 


6.00 per cent. 
6.30 " 
6.60 " 
6.90 " 


$2,500 00 

1,800 00 

900 00 


7.20 per cent. 
7.50 " 
8.10 « 


$2,845 00 
100 00 


6.30 per cent. 
6.60 " 



Reconciliation of Share Account with Dues and Profits Capital. 







>- 


a 


c3 






Date of 


to 


«« 


2. 2 


— oS 






Issue. 


'u 


5-c 

«5Q 




sJ£>- 
© 








X 


> 


CO 


H 






April, 1889, . 


1 


$139 01 


5 


$695 05 


Dues capital, as per gen- 




Oct., 1889, . 


2 


128 59 


14 


1,800 26 


eral ledger, 


$72,930 00 


April, 1890, . 


3 


118 47 


27 


3,198 69 


Profits capital, as per 




Oct., 1890, . 


4 


108 64 


23 


2,498 72 


general ledger, . 


12,902 43 


April, 1891, . 


5 


99 12 


132 


13,083 84 


Unpaid dues, . 


720 00 


Oct., 1891, . 


6 


89 95 


59 


5,307 05 






April, 1892, . 


7 


81 05 


113 


9,158 65 






Oct., 1892, . 


8 


72 49 


162 


11,743 38 






April, 1893, . 


9 


64 19 


107 


6,868 33 






Oct., 1893, . 


10 


56 17 


101 


5,673 17 






April, 1894, . 


11 


48 43 


187 


9,056 41 






Oct., 1894, . 


12 


40 93 


141 


5,771 13 






April, 1895, . 


13 


33 69 


80 


2,695 20 






Oct., 1895, . 


14 


26 72 


113 


3,019 36 






April, 1896, . 


15 


19 95 


117 


2,334 15 






Oct., 1896, . 


16 


13 43 


168 


2,256 24 






April, 1897, . 


17 


7 11 


180 


1,279 80 






Oct., 1897, • 


18 


1 00 


77 


77 00 
36 00 


Total, 




Dues paid in 


adva 


oce, . 


• 




Total, 


$86,552 43 


$86,552 43 



Number of shares issued during the year, 340 

Number of shares now in force, 1,806 

Number of shares now borrowed upon, 482 

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, 24 

Number of shares retired during the year, 92 

Highest per centum of interest received during the year : 6.90. 
Lowest per centum of interest received during the year : 6. 

Number of members withdrawn during the year, 44 

Present number of members, 275 

Present number of borrowers, 83 

Present number of non-borrowers, 192 

Number of loans secured by first mortgage of real estate, ... 88 

Number of loans on shares, 12 

Largest loan to any one member, $2,700 00 

Smallest loan to any one member, 25 00 

Amount of expenses of the corporation for the year ending^Oct. 31, 1897, . 402 50 

Date of examination by commissioner: March 8. 



No. 8.] SAVINGS BANK COMMISSIONERS. 



163 



NORWOOD CO-OPERATIVE BANK — NORWOOD. 



Incorporated Sept. 20, 1889. Commenced business Oct. 1, 1889. 
Francis 0. Winslow, President. Irving S. Fogg, Secretary and Treasurer. 



Names of security committee : 

Tyler Thater, George W. Gat, 

Edmund J. Shatttjcx. 



Regular meetings the first Tuesday of each month. 



Balance Sheet October 30, 1897. 



Assets. 


Liabilities. 


Loans on real estate, 

Loans on shares, . 

Unpaid fines, 

Personal account, . 

Cash in hands of treasurer, . 


$101,575 00 

895 00 

6 54 

1,567 77 

1,039 59 


Dues capita], ... 
Profits capital (all series), . 
Interest, .... 
Premiums, .... 
Withdrawal profits, 
Forfeiture profits, 
Guaranty fund, . 
Surplus, .... 


$88,935 00 

13,774 60 

424 02 

28 30 

61 40 

70 62 

250 00 

1,539 96 




$105,083 90 


$105,083 90 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Receipts. 




Disbursements. 


From dues capital, 


$31,082 00 


For real estate loans, . 


$34,800 00 


interest, 


6,376 89 


share loans, . 


775 00 


premiums, . 


322 55 


dues capital withdrawn, . 


13,742 00 


fines, .... 


153 25 


dues capital forfeited, . 


757 00 


transfer fees, 


1 50 


dues capital retired, 


2,783 00 


real estate loans repaid, 


13,645 00 


profits capital withdrawn, 


1,502 82 


share loans repaid, 


1,250 00 


profits capital forfeited, . 


282 56 


withdrawal profits, 


373 91 


profits capital retired, . 


553 55 


forfeiture profits, 


70 62 


temporary expenses, 


338 90 


Cash on hand Oct. 31, 1896, . 


4,947 02 


interest on retired shares, 


80 55 






personal account, . 


1,567 77 






Cash on hand Oct. 30, 1897, 


1,039 59 




$58,222 74 


$58,222 74 



164 



REPORT OF THE 



[Pub. Doc. 



Total Amount of Loans at Specified Rates of Interest. 



Loans on Real Estate. 


Loans on Shakes. 


Amount. 


Eate. 


Amount. 


Eate. 


Amount. 


Eate. 


$101,575 00 


6.30 per cent. 


- 


- 


$395 00 
500 00 


6.00 per cent. 
6.30 



Reconciliation of Share Account with Dues and Profits Capital. 



Date of 


A. 


It 

- as 




s 
— "3 






Issue. 


"E 


3.C 

■3«J 




08 > 
o 








X 


> 


02 


H 






Oct., 1889, . 


i 


$123 96 


119 


$14,751 24 


Dues capital, as per gen- 




April, 1890, . 


2 


114 46 


87 


9,958 02 


eral ledger, . 


$88,935 00 


Oct., 1890, . 


3 


105 23 


20 


2,104 60 


Profits capital, as per 




April, 1891, . 


4 


96 27 


41 


3,947 07 


general ledger, . 


13,774 60 


Oct., 1891, . 


5 


87 57 


119 


10,420 83 


Unpaid dues, . 


475 00 


April, 1892, . 


6 


79 13 


81 


6,409 53 






Oct.. 1892,. 


7 


70 93 


95 


6,738 35 






April, 1893, . 


8 


62 97 


124 


7,808 28 






Oct., 1893, . 


9 


55 24 


77 


4,253 48 






April, 1894, . 


10 


47 74 


134 


6,397 16 






Oct., 1894,. 


11 


40 46 


103 


4,167 38 






April, 1895, . 


12 


33 39 


257 


8,581 23 






Oct., 1895, . 


13 


26 52 


202 


5,357 04 






April, 1896, . 


14 


19 85 


285 


5,657 25 






Oct , 1896, . 


15 


13 38 


213 


2,849 94 






April, 1897, . 


16 


7 10 


482 


3,422 20 






Oct., 1897,. 


17 


1 00 


333 


333 00 
28 00 


Total, 




Dues paid in 


adva 


nee, . 


• 




Total, 


$103,184 60 


$103,184 60 



: 6.30. 
6.30. 



Number of shares issued during the year, 959 

Number of shares now in force, 2,772 

Number of shares now borrowed upon, . 606 

Largest number of shares held by any one member, .... 25 

Number of shares withdrawn during the year, 590 

Number of shares forfeited during the year, 11 

Number of shares retired during the year, 35 

Highest per centum of interest received during the year 
Lowest per centum of interest received during the year i 

Number of members withdrawn during the year, 70 

Present number of members, 459 

Present number of borrowers, 99 

Present number of non-borrowers, 360 

Number of loans secured by first mortgage of real estate, . . . 108 

Number of loans on shares, 8 

Lamest 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, 1897, . 338 90 

Date of examination by commissioner : September 6. 



No. 8.] SAVINGS BANK COMMISSIONERS. 



165 



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, Adelbert "W. Ballou, 

Zenas W. Lamb. 



Regular meetings the fourth Wednesday of each month. 



Balance Sheet October 30, 1897. 



Assets. 


Liabilities. 


Loans on real estate, 
Loans on shares, . 
Permanent expense account, 
Cash in hands of treasurer, . 


$80,120 00 

3,660 00 

42 86 

2,312 25 


Dues capital, 

Profits capital (all series) , . 
Interest, .... 
Premiums, .... 

Fines, 

Withdrawal profits, 

Guaranty fund, . 

Surplus, 

Forfeited share account, 


$71,914 00 

11,988 86 

1,584 42 

6 55 

70 89 

165 07 

257 87 

141 45 

6 00 




$86,135 11 


$86,135 11 



Detailed Statement of Beceipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Keceipts. 


Disbubsements. 


From dues capital, 


$21,016 00 


For real estate loans, . 


$19,800 00 


interest, 


4,601 94 


share loans, . 


2,775 00 


premiums, . 


18 05 


dues capital withdrawn, 


10,492 00 


fines, .... 


165 32 


dues capital retired, 


4,377 00 


transfer fees, 


50 


profits capital withdrawn, 


1,636 23 


real estate loans repaid, 


10,805 00 


profits capital retired, . 


1,307 06 


share loans repaid, 


4,025 00 


temporary expenses, 


227 00 


withdrawal profits, 


209 73 


permanent expenses, 


9 50 


Cash on hand Oct. 31, 1896, . 


2,169 57 


interest on retired shares, 


75 07 






Cash on hand Oct. 30, 1897, 


2,312 25 




$43,011 11 


$43,011 11 



166 



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. 


$77,190 00 
1,830 00 


6.00 per cent. 
6.30 " 


$650 00 
450 00 


6.60 per cent. 
6.90 " 


$3,660 00 


6.00 per cent. 



Reconciliation of Share Account with Dues and Profits Capital. 



Date of 


OO 


a? 2 




3 






Issue. 




•-02 


CSfc 


eSfs. 












02 


O 






Jan., 1889, . 


1 


$136 96 


68 


$9,313 28 


Dues capital, as per gen- 




July 


1889, . 


2 


127 12 


61 


7,754 32 


eral ledger, 


$71,914 00 


Jan., 


1890, . 


3 


117 58 


63 


7,407 54 


Profits capital, as per 




July 


1890, . 


4 


108 32 


25 


2,708 00 


general ledger, . 


11,988 86 


Jan., 


1891, . 


5 


99 32 


74 


7,349 68 


Unpaid dues, 


555 00 


July 


1891, . 


6 


90 62 


72 


6,524 64 






Jan. 


1892, . 


7 


82 16 


86 


7,065 76 






July 


1892, . 


8 


73 96 


42 


3,106 32 






Jan. 


1893, . 


9 


66 00 


94 


6,204 00 






July 


, 1893, . 


10 


58 27 


74 


4,311 98 






Jan. 


1894, . 


11 


50 76 


61 


3,096 36 






July 


, 1894, . 


12 


43 47 


112 


4,868 64 






Jan. 


1895, . 


13 


36 39 


75 


2,729 25 






July 


, 1895, . 


14 


29 52 


65 


1,918 80 






Jan. 


1896, . 


15 


22 85 


223 


5,095 55 


« 




July 


1896, . 


16 


16 38 


143 


2,342 34 






Jan. 


1897, . 


17 


10 10 


204 


2,060 40 






July 


, 1897, . 


18 


4 00 


144 


576 00 
25 00 


Total, 




Dues paid in 


adva 


nee, . 


• 




' 


rotal, 


$84,457 86 


$84,457 86 



Number of shares issued during the year, 387 

Number of shares now in force, 1,686 

Number of shares now borrowed upon, 547 

Largest number of shares held by any one member, .... 25 

Number of shares withdrawn during the year, 309 

Number of shares retired during the year, 48 

Highest per centum of interest received during the year : 6. 
Lowest per centum of interest received during the year : 6. 

Number of members withdrawn during the year, 38 

Present number of members, ' . . 268 

Present number of borrowers, 103 

Present number of non-borrowers, 165 

Number of loans secured by first mortgage of real estate, . . . 112 

Number of loans on shares, 33 

Largest loan to any one member, . $2,900 00 

Smallest loan to any one member, 25 00 

Amount of expenses of the corporation for the year ending Oct. 31, 1897, . 244 88 

Date of examination by commissioner : March 18. 



No. 8.] SAVINGS BANK COMMISSIONERS. 



167 



PEABODY CO-OPERATIVE BANK — PEABODY. 



Incorporated May 28, 1888. Commenced business June 16, 1888. 
George F. Sanger, President. Harry F. Walker, Secretary and Treasurer. 



Names of security committee : 
N. M. Quint, S. S. Littlefield, 

T. H. Jackman. 



Regular meetings the third Saturday of each month. 



Balance Sheet October 30, 1897. 



Assets. 



Loans on real estate, 
Loans on shares, . 
Temporary expense account, 

Salary, 

Cash in hands of treasurer, 



$207,650 00 

5,250 00 

20 59 

216 66 

2,956 29 



$216,093 54 



Liabilities. 



Dues capital, 

Profits capital (all series), 

Interest, 

Premiums, . 

Fines, . 

Transfer fees, 

Withdrawal profits, 

Guaranty fund, . 

Surplus, 



$179,511 00 

28,742 47 

4,471 93 

287 03 

51 18 

75 

51 98 

513 00 

2,464 20 



$216,093 54 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31,1897. 



Keceipts. 


Disbursements. 


From dues capital, 


$50,748 00 


For real estate loans, . 


$48,250 00 


interest, 


11,760 56 


share loans, . 


4,550 00 


premiums, . 


734 90 


dues capital withdrawn. 


27,174 00 


fines, .... 


170 79 


profits capital withdrawn, 


5,283 99 


transfer fees, 


2 00 


temporary expenses, 


327 55 


real estate loans repaid, 


18,000 00 


salary, .... 


716 66 


share loans repaid, 


4,100 00 


Cash on hand Oct. 30, 1897, . 


2,956 29 


withdrawal profits, 


86 40 






Cash on hand Oct. 31, 1896, . 


3,655 84 








$89,258 49 


$89,258 49 



168 



REPORT OF THE 



[Pub. Doc, 



Total Amount of Loans at Specified Rates of Interest. 



Loans ok Real Estate. 


Loans on Shares. 


Amount. 


Rate. 


Amount. 


Rate. 


Amount. 


Rate. 


$201,250 00 
5,800 00 


6.30 per cent. 
6.60 " 


$600 00 


6.90 per cent. 


$5,250 00 


6.30 per cent. 



Reconciliation of Share Account with Dues and Profits Capital. 



Date op 


to 


<o 2 


c . 


oj 

3 






Issue. 


to 


— 02 
03 


bSEh 


*> 








co 


> 


m 


E- 






June, 1888, . 


1 


$148 09 


185 


$27,396 65 


Dues capital, as per gen- 




Dec, 1888, . 


2 


138 01 


60 


8,280 60 


eral ledger, . 


$179,511 00 


June, 1889, . 


3 


128 20 


95 


12,179 00 


Profits capital, as per 




Dec, 1889, . 


4 


118 67 


84 


9,968 28 


general ledger, . 


28,742 47 


June, 1890, . 


5 


109 42 


122 


13,349 24 


Unpaid dues, . 


1,532 00 


Dec, 1890, . 


6 


100 44 


107 


10,747 08 






June, 1891, . 


7 


91 72 


144 


13,207 68 






Dec, 1891, . 


8 


83 26 


70 


5,828 20 






June, 1892, . 


9 


75 04 


132 


9,905 28 






Dec, 1892,. 


10 


67 05 


135 


9,051 75 






June, 1893, . 


11 


59 31 


363 


21,529 53 






Dec, 1893, . 


12 


51 79 


298 


15,433 42 






June, 1894, . 


13 


44 49 


165 


7,340 85 






Dec, 1894,. 


14 


37 40 


259 


9,686 60 






June, 1895, . 


15 


30 52 


394 


12,024 88 






Dec, 1895, . 


16 


23 85 


445 


10,613 25 






June, 1896, . 


17 


17 38 


371 


6,447 98 






Dec, 1896, . 


18 


11 10 


372 


4,129 20 






June, 1897, . 


19 


5 00 


503 


2,515 00 
151 00 


Total, 




Dues paid in 


adva 


nee, . 


• 




Total, 


$209,785 47 


$209,785 47 



Number of shares issued during the year, 950 

Number of shares now in force, ....... 4,304 

Number of shares now borrowed upon, 1,206 

Largest number of shares held by any one member, .... 25 

Number of shares withdrawn during the year, 650 

Number of shares retired during the year, 13 

Highest premium received during the year, $0 05 

Lowest premium received during the year, 05 

Number of members withdrawn during the year, 68 

Present number of members, 573 

Present number of borrowers, 178 

Present number of non-borrowers, 395 

Number of loans secured by first mortgage of real estate, . . . 215 

Number of loans on shares, . . . 26 

Largest loan to any one member 4,300 00 

Smallest loan to any one member 50 00 

Amount of expenses of the corporation for the year ending Oct. 31, 1897, . 1,044 21 
Date of examination by commissioner : September 30. 



No. 8.] SAVINGS BANK COMMISSIONERS. 



169 



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, C. H. Durfee, 

J. P. Prentiss, A. P. Davol, 

Patrick Kieran. 



Regular meetings the third Wednesday of each month. 



Balance Sheet October 30, 1897. 



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, . 


$237,600 00 

4,450 00 

6,698 59 

889 25 

85 90 

64 50 

1,219 00 

14,234 04 


Dues capital, 

Profits capital (all series), . 
Guaranty fund, . 
Surplus, . ... 
Forfeited share account, 


$218,772 00 

42,739 34 

1,084 90 

2,609 18 

35 86 




$265,241 28 


$265,241 28 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Receipts. 


Disbursements. 


From dues capital, 


$66,476 00 


For real estate loans, . 


$69,600 00 


interest, 


14,186 72 


share loans, . 


9,900 00 


premiums, . 


1,324 04 


dues capital withdrawn, 


40,846 00 


fines, .... 


387 74 


dues capital forfeited, . 


50 00 


real estate loans repaid, 


41,700 00 


dues capital matured, . 


2.698 00 


real estate loans elimi- 




profits capital withdrawn, 


5,260 20 


nated by foreclosure, 


900 00 


profits capital forfeited, . 


7 68 


share loans repaid, 


11,700 00 


profits capital matured, 


1,236 45 


forfeited shares, . 


69 68 


temporary expenses, 


1,059 62 


real estate by foreclos- 




forfeited shares, 


330 76 


ure, .... 


371 70 


real estate by foreclosure, 


1,251 48 


Cash on hand Oct. 31, 1896, . 


9,370 35 


surplus, .... 


12 00 






Cash on hand Oct. 30, 1897, . 


14,234 04 




$146,486 32 


$146,486 23 



170 



EEPORT OF THE 



[Pub. Doc. 



Total Amount of Loans at Specified Bates of Interest. 



Loans ox Real Estate. 


Loans on Shares. 


Amotint. 


Rate. 


Amount. 


Rate. 


Amount. 


Rate. 


S600 00 
31,100 00 


6.00 per cent. 
6.30 " 


$202,150 00 
3,750 00 


6.60 per cent. 
6.90 " 


$200 00 

2,650 00 

450 00 

850 00 

300 00 


6.00 per cent. 
6.60 " 
6.90 " 
7.20 " 
8.40 " 



Reconciliation of Share Account with Dues and Profits Capital. 



Date of 


« 


*4 


c . 

— <D 
on O 


£ 

a 




Issue. 


- 


= Si 


g* 


o 






02 


> 


cc 


H 




Nov., 1885, . 


9 


$210 84 


30 


$6,325 20 ! 


Dues capital, as per gen- 




Mav, 1886, . 


10 


198 64 


42 


8,342 88 


eral ledger, . 


$218,772 00 


Nov., 1886, . 


11 


186 83 


27 


5,044 41 


Profits capital, as per 




May, 1887,. 


12 


175 28 


25 


4,382 00 


general ledger, . 


42,739 34 


Nov., 1887, . 


13 


164 17 


72. 


11,820 24 






Mav, 1888,. 


14 


153 43 


63 


9,666 09 






Nov., 1888, . 


15 


142 94 


115 


16,438 10 






Mav, 1889, . 


16 


132 82 


35 


4,648 70 






Nov., 1889, . 


17 


123 04 


101 


12,427 04 






May, 1890, . 


18 


113 42 


150 


17,013 00 1 






Nov., 1890, . 


19 


104 14 


141 


14,683 74 






Mav, 1891,. 


20 


95 19 


125 


11,898 75 






Nov., 1891, . 


21 


86 47 


88 


7,609 36 






Mav, 1892, . 


22 


78 03 


232 


18,102 96 






Nov., 1892, . 


23 


69 84 


79 


5,517 36 






Mav, 1893,. 


24 


61 90 


215 


13,308 50 






Nov., 1893, . 


25 


54 19 


260 


14,089 40 






Mav, 1894, . 


26 


46 69 


283 


13,213 27 






Nov., 1894, . 


27 


39 43 


257 


10,133 51 






Mav, 1895, . 


28 


32 36 


668 


21,616 48 






Nov., 1895, . 


29 


25 50 


533 


13,591 50 






May, 1896,. 


30 


18 85 


499 


9,406 15 






Nov., 1896, . 


31 


12 38 


690 


8,542 20 






May, 1897,. 


32 


6 10 


605 


3,690 50 

$261,511 34 


Total, 






• 


• 


• 




Total, 


$261,511 34 



Number of shares issued during the year, 1,508 

Number of shares now in force 5,335 

Number of shares now borrowed upon, 1,289 

Largest number of shares held by any one member, .... 25 
Number of shares withdrawn during the year, .... 1,480 

Number of shares forfeited during the year, 3 

Number of shares matured during the year, 19 

Highest per centum of interest received during the year: 8.40. 
Lowest per centum of interest received during the year : 6. 

Number of members with drawn during the year, 158 

Present number of members, 602 

Present number of borrowers, 148 

Present number of non-borrowers 454 

Number of loans secured by first mortgage of real estate, . . . 124 

Number of loans on shares, 24 

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, 1897, . 1,059 62 
Date of examination by commissioner: June 30. 



No. 8.] SAVINGS BANK COMMISSIONERS. 



171 



PIONEER CO-OPERATIVE BANK — BOSTON. 



Incorporated July 26, 1877. Commenced business August 6, 1877. 
Gamaliel Bradford, President. Daniel Eldredge, Secretary and Treasurer. 



Names of security committee : 

Hiram Ames, John C. Cook, 

Walter H. Roberts, Gamaliel Bradford, 

John K. Fellows. 



Regular meetings the first Monday of each month. 



Balance Sheet October 30, 1897. 



Assets. 


Liabilities. 


Loans on real estate, 


$289,700 00 


Dues capital, 


$266,605 00 


Loans on shares, . 


6,600 00 


Profits capital (all series) , . 


52,552 99 


Temporary expense account, 


290 20 


Interest, .... 


1,763 05 


Real estate by foreclosure, . 


15,540 80 


Premiums, . 




112 30 


Unpaid interest, . 


1,815 20 


Fines, . 




107 51 


Unpaid premiums, 


110 90 


Transfer fees, 




25 


Unpaid fines, 


196 98 


Withdrawal profits, 




33 21 


Mortgages, .... 


9,280 00 


Forfeiture profits, 




2 76 


Profit and loss, 


177 09 


Guaranty fund, . 




3,350 00 


Cash in hands of treasurer, . 


11,057 15 


Surplus, 




8,926 48 






Forfeited share account, 


180 24 






Retired share account, 


899 01 






Matured share account, 


235 52 




$334,768 32 






$334,768 32 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Receipts. 


Disbursements. 


From dues capital, 


$75,121 00 


For real estate loans, . 


$66,850 00 


interest, 


20,885 29 


share loans, . 


9,100 00 


premiums, . 


1,442 75 


dues capital withdrawn, 


31,376 00 


fines, .... 


1,056 50 


dues capital forfeited, . 


1,785 00 


transfer fees, 


9 75 


dues capital retired, 


54,082 00 


real estate loans repaid, 


79,350 00 


dues capital matured, . 


7,969 00 


real estate loans elimi- 




profits capital withdrawn, 


5,420 97 


nated by foreclosure, 


23,550 00 


profits capital forfeited, . 


243 32 


real estate loans elimi- 




profits capital retired, . 


16,087 25 


nated by maturity of 




profits capital matured, 


3,741 76 


shares, 


5,300 00 


temporary expenses, 


2,243 31 


share loans repaid, 


15,500 00 


forfeited shares, 


500 19 


withdrawal profits, 


1,354 97 


retired shares, 


64,961 49 


forfeiture profits, . 


60 78 


matured shares, 


5,299 54 


forfeited shares, . 


376 99 


interest on retired shares, 


688 85 


retired shares, 


65,588 58 


estates, .... 


23,937 78 


mortgages, . 


80 00 


surplus, .... 


2 00 


estates, 


14,678 54 


personal account, . 


41 12 


profits, 


2 00 


mortgages, 


7,500 00 


matured-shares, . 


5,535 06 


Cash on hand Oct. 30, 1897, 


11,057 15 


taxes, .... 


41 12 






Cash on hand Oct. 31, 1896, . 


2,953 40 








$312,886 73 


$312,886 73 



172 



REPOKT OF THE 



[Pub. Doc. 



Total Amount of Loans at Specified Bates of Interest. 



Loans on Keal Estate. 


Loans on Shares. 


Amount. 


Rate. 


Amount. 


Eate. 


Amount. 


Rate. 


$234,400 00 
27,750 00 
20,350 00 


6.30 per cent. 
6.60 «• 
6.90 " 


$4,200 00 
1,400 00 
1,600 00 


7.20 per cent. 
7.50 " 
7.80 " 


$5,050 00 
900 00 
200 00 
450 00 


6.30 per cent. 
6.60 " 
6.90 " 
7.20 



Reconciliation of Share Account with Dues and Profits Capital. 







u 


a 


(0 






Date of 


02 


<x> ss 




s 






Issue. 


'£ 


"502 




o 








GO 


> 


02 


Eh 






Oct., 1886,. 


17 


$190 98 


38 


$7,257 24 


Dues capital, as per gen- 




April, 1887, . 


18 


179 14 


59 


10,569 26 


eral ledger, 


$266,605 00 


Oct , 1887, . 


19 


167 08 


39 


6,539 52 


Profits capital, as per 




April, 1888, . 


20 


156 56 


36 


5,636 16 


general ledger, . 


52,552 99 


Oct., 1888,. 


21 


145 81 


30 


4,374 30 


Unpaid dues, 


2,707 00 


April, 1889, . 


22 


135 41 


183 


24,780 03 






Oct., 1889,. 


23 


125 35 


122 


15,292 70 






April, 1890, . 


24 


115 60 


223 


25,778 80 






Oct., 1890,. 


25 


106 16 


208 


22,081 28 






April, 1891, . 


26 


97 00 


229 


22,213 00 






Oct., 1891,. 


27 


88 12 


282 


24,849 84 






April, 1892, . 


28 


79 54 


300 


23,862 00 






Oct., 1892,. 


29 


71 23 


188 


13,391 24 






April, 1893, . 


30 


63 17 


305 


19,266 85 






Oct., 1893,. 


31 


55 38 


273 


15,118 74 






April, 1894, . 


32 


47 81 


286 


13,673 66 






Oct., 1894,. 


33 


40 49 


363 


14,697 87 






April, 1895, . 


34 


33 40 


534 


17,835 60 






Oct., 1895, . 


35 


26 52 


381 


10,104 12 






April, 1896, . 


36 


19 85 


572 


11,354 20 






Oct., 1896,. 


37 


13 38 


566 


7,573 08 






April, 1897, . 


38 


7 10 


665 


4,721 50 






Oct., 1897,. 


39 


1 00 


503 


503 00 

391 00 
$321,864 99 


Total, 




Dues paid in 


adva 


nee, . 


. 




Total, 


$321,864 99 



estate, 



181 
835 
166 
669 
170 
38 



$0 25 
05 



Number of shares issued during the year, 1,423 

Number of shares now in force, 6,385 

Number of shares now borrowed upon, 1,680 

Largest number of shares held by any one member 25 

Number of shares withdrawn during the year, 871 

Number of shares forfeited during the year, 151 

Number of shares retired during the year, 540 

Number of shares matured during the year, 58 

Highest premium received during the year, . 
Lowest premium received 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 
Number of loans on shares, .... 

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, 1897, . 2,243 31 
Date of examination by commissioner; April 24. 



No. 8.] SAVINGS BANK COMMISSIONERS. 



173 



PITTSPIELD 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, William W. Gamwell, 

Michael Casey. 



Regular meetings the first "Wednesday of each month. 



Balance Sheet October 30, 1897. 



Assets. 


Liabilities. 


Loans on real estate, 
Loans on shares, . 
Permanent expense account, 
Cash in hands of treasurer, . 


$249,705 00 

21,561 00 

125 00 

12,808 86 


Dues capital, 

Profits capital (all series), . 
Forfeiture profits, 
Guaranty fund, . 
Surplus, .... 
Forfeited share account, 


$242,069 00 

39,734 98 

113 90 

1,326 72 

855 58 

99 68 




$284,199 86 


$284,199 86 



Detailed Statement of Beceipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Receipts. 


DlSBTJESEMENTS. 


From dues capital, 
interest, 

fines, .... 
transfer fees, 
real estate loans repaid, 
share loans repaid, 
forfeiture profits, 

Cash on hand Oct. 31, 1896, . 


$68,127 00 

15,141 17 

376 09 

1 50 

44,160 00 

24,714 00 

122 64 

1,510 82 


For real estate loans, . 
6hare loans, . 
dues capital withdrawn, 
profits capital withdrawn, 
temporary expenses, 
permanent expenses, 
interest overpaid, . 

Cash on hand Oct. 30, 1897, . 


$70,775 00 

17,658 00 

44,641 00 

6,758 08 

1,459 28 

50 00 

3 00 

12,808 86 




$154,153 22 


$154,153 22 



174 



KEPORT OF THE 



[Pub. Doc. 



Total Amount of Loans at Specified Bates of Interest. 



Loans on Beal Estate. 


Loans on Shakes. 


Amount. 


Rate. 


Amount. 


Rate. 


Amount. 


Rate. 


$1,600 00 
247,605 00 


5£ per cent. 
6 " 


$500 00 


6^ per cent. 


$21,561 00 


6 per cent. 



Reconciliation of Share Account with Dues and Profits Capital. 



Date of 


m 


u 

o . 
Pi 49 


c 

""" « 

CO o 


3 






Issue. 


"u 


as GG 


go 


oS> 
O 








02 


> 


QQ 


H 






Mar., 1889, . 


1 


$132 35 


268 


$35,469 80 


Dues capital, as per gen- 




Sept., 1889, . 


2 


123 11 


195 


24,006 45 


eral ledger, 


$242,069 00 


Mar., 1890, . 


3 


114 08 


173 


19,735 84 


Profits capital, as per 




Sept., 1890, . 


4 


105 21 


187 


19,674 27 


general ledger, . 


39,734 98 


Mar., 1891, . 


5 


96 53 


198 


19,112 94 


Unpaid dues, 


3,688 00 


Sept., 1891, . 


6 


88 04 


196 


17,255 84 






Mar., 1892, . 


7 


79 76 


227 


18,105 52 






Sept., 1892, . 


8 


71 67 


287 


20,569 29 






Mar., 1893, . 


9 


63 83 


243 


15,510 69 






Sept., 1893, . 


10 


56 19 


192 


10,788 48 






Mar., 1894, . 


11 


48 76 


299 


14,579 24 






Sept., 1894, . 


12 


41 52 


153 


6,352 56 






Nov., 1894, . 


13 


38 89 


218 


8,478 02 






May, 1895, . 


14 


32 15 


553 


17,778 95 






Nov., 1895, . 


15 


25 38 


576 


14,618 88 






May, 1896,. 


16 


18 78 


545 


10,235 10 






Nov., 1896, . 


17 


12 35 


577 


7,125 95 






May, 1897,. 


18 


6 09 


724 


4,409 16 
1,685 00 


Total, 




Dues paid in 


adva 


nee, . 


. 




Total, 


$285,491 98 


$285,491 98 



Number of shares issued during the year, . . . . 1,461 

Number of shares now in force, 5,811 

Number of shares now borrowed upon, 2,229 

Largest number of shares held by any one member, .... 25 
Number of shares withdrawn during the year, .... 1,175 
Highest per centum of interest received during the year : 6. 
Lowest per centum of interest received during the year : 6. 

Number of members withdrawn during the year 91 

Present number of members, 812 

Present number of borrowers, 275 

Present number of non-borrowers, 537 

Number of loans secured by first mortgage of real estate, . . .166 

Number of loans on shares, 135 

Largest loan to any one member, 

Smallest loan to any one member, 

Amount of expenses of the corporation for the year ending Oct. 31, 1897, • 
Date of examination by commissioner: September 20. 



$5,000 00 

10 00 

1,509 28 



No. 8.] SAVINGS BANK COMMISSIONERS. 



175 



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, Frank H. Lanman, 
Seth W. Paty. 



Regular meetings the third Tuesday of each month. 



Balance Sheet October 30, 1897. 



Assets. 


Liabilities. 


Loans on real estate, 


|53,500 00 


Dues capital, 


$50,897 00 


Loans on shares, . 


5,720 00 


Profits capital (all series), . 


7,991 69 


Permanent expense account, 


226 74 


Interest, .... 


1,416 40 


Temporary expense account, 


217 45 


Premiums, . 




183 44 


Suspense account, . 


615 50 


Fines, . 




88 82 


Unpaid dues, .... 


764 00 


Transfer fees, 




25 


Cash in hands of treasurer, . 


316 49 


Withdrawal profits, 
Guaranty fund, . 
Surplus, 




103 02 

175 99 

1 23 






Forfeited share account, 


261 81 






Advance payments, 


240 53 




$61,360 18 






$61,360 18 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Eeceipts. 


Disbursements. 


From dues capital, 


$13,141 00 


For real estate loans, . 


$13,450 00 


interest, . . 


3,033 36 


share loans, . 


3,260 00 


premiums, . 


371 24 


dues capital withdrawn, 


5,040 00 


fines, .... 


132 57 


dues capital forfeited, . 


186 00 


transfer fees, 


2 00 


dues capital matured, . 


690 00 


real estate loans repaid, 


2,900 00 


profits capital withdrawn, 


678 12 


share loans repaid, 


2,380 00 


profits capital forfeited, 


41 95 


withdrawal profits, 


169 66 


profits capital matured, 


310 35 


forfeiture profits, 


10 48 


temporary expenses, 


589 96 


forfeited shares, . 


170 32 


permanent expenses, 


16 90 


expense account, 


17 00 


forfeited shares, 


80 29 


unpaid dues, 


434 00 


Cash on hand Oct. 30, 1897, 


316 49 


suspense account, 


107 21 






insurance account, 


5 00 






advance payments, 


819 88 






Cash on hand Oct. 31, 1896, . 


966 34 








$24,660 06 




$24,660 06 



176 



REPORT OF THE 



[Pub. Doc. 



Total Amount of Loans at Specified Rates of Interest. 





Loans on 


Eeal Estate. 




Loans on Shakes. 


Amount. 


Eate. 


Amount. 


Eate. 


Amount. 


Eate. 


$24,300 00 


6.30 per cent. 


$1,600 00 


8.40 per cent. 


$2,080 00 


6.30 per cent. 


12,250 00 


6.60 " 


300 00 


8.70 " 


1,630 00 


6.60 « 


4,000 00 


6.90 " 


400 00 


9.00 " 


590 00 


6.90 " 


4,900 00 


7.20 " 


600 00 


9.60 " 


400 00 


7.20 " 


1,150 00 


7.50 " 


400 00 


10.50 " 


200 00 


7.50 « 


3,600 00 


7.80 " 






480 00 
160 00 
180 00 


7.80 » 
8.40 " 
8.70 " 



Reconciliation of Share Account with Dues and Profits Capital. 



Date of 
Issue. 



June, 1886, 
Dec , 1886, 
June, 1887, 
Dec, 1887, 
Dec, 1888, 
June, 1889, 
Dec, 1889, 
June, 1890, 
Dec, 1890, 
June, 1891, 
Dec , 1891, 
June, 1892, 
Dec, 1892, 
June, 1893, 
Dec , 1893, 
June, 1894, 
Dec, 1894, 
June, 1895, 
Dec, 1895, 
June, 1896, 
Dec, 1896, 
June, 1897, 



9 

10 
11 
12 
14 
15 
16 
17 
18 
19 
20 
21 
22 
23 
24 
25 
26 
27 
28 
29 
30 
31 



> 



m g 



$193 10 

181 51 

170 32 

159 46 

138 77 

128 89 

119 29 

109 95 

100 95 

92 19 

83 67 

75 41 

67 38 

59 60 

52 04 

44 70 

37 54 

30 62 

23 92 

17 42 

11 11 

5 00 



5 

4 

15 

11 

4 

6 

37 

25 

50 

19 

52 

43 

68 

87 

92 

58 

97 

83 

128 

94 

131 

104 






Total, 



$96o 
726 
2,554 
1,754 
555 
773 
4,413 
2,748 
5,047 
1,751 
4,350 
3,242 
4,581 
5,185 
4,787 
2,592 
3,641 
2,541 
3.061 
1,637 
1,455 
520 



50 
04 
80 
06 
08 
34 
73 
75 
50 
61 
84 
63 
84 
20 
68 
60 
38 
46 
76 
48 
41 
00 



$58,888 69 



Dues capital, as per gen- 
eral ledger, 

Profits capital, as per 
general ledger, . 



Total, 



$50,897 00 
7,991 69 



$58,888 69 



Number of shares issued during the year, 245 

Number of shares now in force, 1,213 

Number of shares now borrowed upon, 389 

Largest number of shares held by any one member, . . . .25 

Number of shares withdrawn during the year, 143 

Number of shares forfeited during the year, 3 

Number of shares matured during the year, 5 

Highest premium received during the year, $0 75 

Lowest premium received during the year, 05 

Number of members withdrawn during the year, 27 

Present number of members, . . . 267 

Present number of borrowers, 90 

Present number of non-borrowers, 177 

Number of loans secured by first mortgage of real estate, . . . Ill 

Number of loans on shares, .48 

Largest loan to anj T one member, 3,000 00 

Smallest loan to any one member, 20 00 

Amount of expenses of the corporation for the year ending Oct. 31, 1897, . 596 24 

Date of examination by commissioner : April 22. 



No. 8.] SAVINGS BANK COMMISSIONERS. 177 



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 Ray, Henry C. Starkey, 

John W. Dorr. 



Regular meetings the fourth Monday of each month. 



Balance Sheet October 30, 1897. 






Assets. 



Loans on real estate, 

Loan on shares, 

Real estate by foreclosure, 

Unpaid interest, . 

Unpaid premiums, 

Unpaid fines, 

Cash in hands of treasurer, 



$405,750 00 

13,050 00 

17,805 92 

2,190 00 

200 00 

60 00 

21,300 42 



$460,356 34 



Liabilities. 



Dues capital, 

Profits capital (all series), 

Guaranty fund, . 

Surplus, 

Forfeited share account, 

Personal accounts, 



$365,948 00 

87,028 94 

5,240 72 

1,915 97 

141 87 

80 84 



$460,356 34 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Receipts. 


Disbursements. 


From dues capital, 


$99,742 00 


For real estate loans, . 


$71,700 00 


interest, 


24,039 64 


share loans, . 


12,800 00 


premiums, . 


3,167 15 


dues capital withdrawn, 


26,846 00 


fines, .... 


1,010 20 


dues capital retired, 


16,667 00 


transfer fees, 


1 50 


dues capital matured, . 


28,698 00 


real estate loans repaid, 


35,900 00 


profits capital withdrawn, 


3,958 44 


real estate loans elimi- 




profits capital retired, . 


4,566 56 


nated by foreclosure, 


14,950 00 


profits capital matured, 


14,673 84 


real estate loans elimi- 




temporary expenses, 


1,770 61 


nated by maturity of 




forfeited shares, . 


80 19 


shares, 


6,750 00 


personal accounts, 


44 00 


share loans repaid, 


12,950 00 


real estate by foreclosure, 


17,887 49 


withdrawal profits, 


1,001 82 


Cash on hand Oct. 30, 1897, 


21,300 42 


real estate by foreclos- 








ure, .... 


1,600 00 






rents, .... 


184 78 






Cash on hand Oct. 31, 1896, . 


19,695 46 
$220,992 55 








$220,992 55 



178 



REPORT OF THE 



[Pub. Doc. 



Total Amount of Loans at Specified Rates of Interest. 





Loans on Eeal Estate. 




Loans on Shakes. 


Amount. 


Kate. 


Amount. 


Kate. 


Amount. 


Hate. 


$12,000 00 ! 6.30 per cent. 
216,150 00 6.60 
111,050 00 6.90 " 
52,400 00 7.20 


|10,050 00 
2,350 00 
1,750 00 


7.50 per cent. 

7.80 

8.10 


$200 00 6.30 per cent. 
10,500 00 6.60 " 
1,100 00 6.90 
1,250 00 7.20 « 



Reconciliation of Share Account with Dues and Profits Capital. 




ear, 



estate, 



365 
993 
244 
749 
267 
54 



$0 10 
05 



Number of shares issued during the year, 2,038 

Number of shares now in force, 8,470 

Number of shares now borrowed upon, 2,559 

Largest number of shares held by any one member, . . . . 25 
Number of shares withdrawn during the year, .... 1,135 

Number of shares retired during the year, 216 

Number of shares matured during the year 214 

Highest premium received during the year, 
Lowest premium received during the year, 
Number of members withdrawn during the y 
Present number of members, . 
Present number of borrowers, 
Present number of non-borrowers, . 
Number of loans secured by first mortgage of real 
Number of loans on shares, 

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, 1897, . 1,770 61 
Date of examination by commissioner : March 11. 



No. 8.] SAVINGS BANK COMMISSIONERS. 



179 



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, 

Albert Keating. 



Regular meetings the first Wednesday of each month. 



Balance Sheet October 30, 1897. 



Assets. 


Liabilities. 


Loans on real estate, 
Loans on shares, . 
Permanent expense account, 
Unpaid interest, . 
Unpaid premiums, 
Unpaid fines. 
Cash in hands of treasurer, . 


$141,351 00 

2,834 00 

70 00 

996 77 

94 23 

100 81 

94 32 


Dues capital, 

Profits capital (all series), . 
Guaranty fund, . 
Surplus, .... 
Forfeited share account, 


$119,222 00 

25,108 07 

453 00 

754 06 

4 00 




$145,541 13 


$145,541 13 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Rfceipts. 


Disbursements. 


From 


dues capital, 


$32,200 00 


For real estate loans, . 


$36,101 00 




interest, 


8,097 41 


share loans, . 


1,895 00 




premiums, . 


659 53 


dues capital withdrawn, 


6,410 00 




fines, .... 


376 01 


dues capital retired, 


12,429 00 




transfer fees, 


3 25 


profits capital withdrawn, 


802 45 




real estate loans repaid, 


16,940 00 


profits capital retired, . 


3,463 75 




share loans repaid, 


2,480 00 


temporary expenses, 


639 95 




withdrawal profits, 


200 61 


permanent expenses, 


100 00 


Cash 


on hand Oct. 31, 1896, . 


1,758 39 


forfeited shares, 
interest on retired shares, 


385 18 
394 55 




. 




Cash on hand Oct. 30, 1897, . 


94 32 




$62,715 20 


$62,715 20 



180 



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. 


$99,501 00 
24,500 00 
11,950 00 


6.30 per cent. 
6.60 " 
6.90 " 


$2,000 00 
3,400 00 


7.20 per cent. 
7.50 " 


$2,659 00 
175 00 


6.30 per cent. 
6.60 " 



Reconciliation of Share Account with Dues and Profits Capital. 









c . 


<B 






Date of 


« 


&2 > 




3 

— "3 






Issue. 


'u 


Sfi 


* ° 

3* 


c3> 
Q 








CG 


> 


02 


eh 






May, 1889, . 


1 


$135 81 


157 


$21,322 17 


Dues capital, as per gen- 




Nov., 1889, . 


2 


125 75 


136 


17,102 00 


eral ledger, 


$119,222 00 


May, 1890, . 


3 


115 95 


131 


15,189 45 


Profits capital, as per 




Nov., 1890, . 


4 


106 40 


48 


5,107 20 


general ledger, . 


25,108 07 


Mav, 1891,. 


5 


97 12 


98 


9,517 76 


Unpaid dues, 


1,389 00 


Nov., 1891,. 


6 


88 12 


140 


12,336 80 






Mav, 1892, . 


7 


79 36 


115 


9,126 40 






Nov., 1892, . 


8 


70 91 


152 


10,778 32 






May, 1893, . 


9 


62 73 


138 


8,656 74 






Nov., 1893, . 


10 


54 81 


96 


5,261 76 






May, 1894, . 


11 


47 17 


103 


4,858 51 






Nov., 1894, . 


12 


39 76 


122 


4,850 72 






May, 1895, . 


13 


32 59 


113 


3,682 67 






Nov., 1895, . 


14 


25 66 


219 


5,619 54 






May, 1896,. 


15 


18 93 


325 


6,152 25 






Nov., 1896, . 


16 


12 42 


246 


3,055 32 






May, 1897, . 


17 


6 11 


386 


2,358 46 
743 00 


Total, 




Dues paid in 


adva 


nee, . 


• 




Total, 


$145,719 07 


$145,719 07 



estate, 



62 
383 

101 
282 
115 

27 



$0 05 
05 



Number of shares issued during the year, 673 

Number of shares now in force, . 2,725 

Number of shares now borrowed upon, 859 

Largest number of shares held by any ooe member, . . . .25 

Number of shares withdrawn during the year, 289 

Number of shares retired during the year, 127 

Highest premium received during the year, . 
Lowest premium received 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 

Number of loans on shares 

Largest loan to any one member 3,000 00 

Smallest loan to any one member, 24 00 

Amount of expenses of the corporation for the year ending Oct. 31, 1897, . 669 95 

Date of examination by commissioner; February 8. 



No. 8.] SAVINGS BANK COMMISSIONERS. 



181 



RANDOLPH CO-OPERATIVE BANK — RANDOLPH. 



Incorporated Jan. 29, 1889. Commenced business Feb. 7, 1889. 
Franklin W. Hayden, President. Patrick H. McLauglin, Secretary and 

Treasurer. 



Names of security committee : 

Thomas Farrell, Harvey W. Boyd, 

Henry Dodge. 



Regular meetings the first Thursday of each month. 



Balance Sheet October 30, 1897. 



ASSETS. 


Liabilities. 


Loans on real estate, 


$36,100 00 


Dues capital, 


$37,686 00 


Loans on shares, . 


885 00 


Profits capital (all series), . 


5,847 09 


Temporary expense account, 


45 98 


Interest, .... 


199 63 


Real estate by foreclosure, . 


3,390 59 


Premiums, . 




2 36 


Personal accounts, 


290 00 


Fines, . 




15 75 


Mortgage, .... 


950 00 


Withdrawal profits, 




27 30 


Cash in hands of treasurer, . 


3,765 85 


j Forfeiture profits, 
Guaranty fund, . 
Surplus, 




30 05 

561 99 

* 1,049 64 




$45,427 42 


Forfeited share account, 


7 61 




1 




$45,427 42 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Receipts. 


Disbursements. 


From 


l dues capital, 


$11,935 00 


For real estate loans, . 


$3,600 00 




interest, ... 


2,838 39 


share loans, . 


570 00 




premiums, . 


174 22 


dues capital withdrawn, 


4,312 00 




fines, .... 


222 50 


dues capital forfeited, . 


2,020 00 




real estate loans repaid, 


6,800 00 


dues capital retired, 


10,864 00 




real estate loans elimi- 




profits capital withdrawn, 


770 20 




nated by foreclosure, 


4,300 00 


profits capital forfeited, 


460 81 




share loans repaid, 


635 00 


profits capital retired, . 


3,023 63 




withdrawal profits, 


• 1*7 02 


temporary expenses, 


234 82 




forfeiture profits, . 


114 87 


permanent expenses, 


6 00 




forfeited shares, . 


7 61 


commissions, . 


17 50 




interest, 


1 80 


insurance, 


4 00 




rents, .... 


19 00 


taxes, .... 


40 78 




personal accounts, 


60 00 


real estate by foreclosure, 


5,070 70 




mortgage, . 


150 00 


mortgage, 


1,100 00 




real estate by foreclos- 




Cash on hand Oct. 30, 1897, 


3,765 85 




ure, .... 


3,973 49 






Cash 


on hand Oct. 31, 1896, . 


4,441 39 
$35,860 29 








$35,860 29 



182 



REPORT OF THE 



[Pub. Doc. 



Total Amount of Loans at Specified Rates of Interest. 



Loans on Real Estate. 


Loans on Shaees. 


Amount. 


Eate. 


Amount. 


Rate. 


Amount. 


Rate. 


$32,900 00 
2,100 00 


6 30 per cent. 
6.60 " 


$500 00 
600 00 


6.90 per cent. 
7.20 « 


$885 00 


6.30 per cent. 



Reconciliation of Share Account with Dues and Profits Capital. 









a 


d 






Date of 


09 






— "5 






I8SUE. 


~ 


s* 


os O 


SS> 








(D 


S3 02 


— '- 


o 








03 


> 


CE 


H 






Feb., 1889,. 


1 


$135 58 


29 


$3,931 82 


Dues capital, as per gen- 




Aug., 1889, . 


2 


125 81 


5 


629 05 


eral ledger, 


$37,686 00 


Feb., 1890, , 


3 


116 34 


7 


814 38 


Profits capital, as per 




Aug., 1890, . 


4 


107 22 


27 


2,894 94 


general ledger, . 


5,847 09 


Feb , 1891, . 





98 17 


94 


9,227 98 


Unpaid dues, 


543 00 


Aug., 1891, . 


6 


89 51 


24 


2,148 24 






Feb., 1892, . 


7 


81 08 


38 


3,081 04 






Ausc., 1892, . 


8 


72 90 


44 


3,207 60 






Feb., 1893, . 


9 


64 95 


30 


1,948 50 






Aug., 1893, . 


10 


57 22 


30 


1,716 60 






Feb , 1894, . 


11 


49 72 


67 


3,331 24 






Aug., 1894, . 


12 


42 44 


23 


976 12 






Feb., 1895, . 


13 


35 37 


83 


2,935 71 






Aug., 1895, . 


14 


28 51 


69 


1,967 19 






Feb., 189,6, . 


15 


21 85 


114 


2,490 90 






Aug., 1896, . 


16 


15 38 


81 


1,245 78 






Feb., 1897, . 


17 


9 10 


110 


1,001 00 






Aug., 1897, . 


18 


3 00 


140 


420 00 

108 00 


Total, 




Dues paid in 


adva 


nee, . 


. 




Total, 


$44,076 09 


$44,076 09 



estate, 



50 
216 

61 
155 

57 
5 



$0 05 
05 



Number of shares issued during the year, 257 

Number of shares now in force, . . . . . . 1,015 

Number of shares now borrowed upon, 245 

Largest number of shares held by any one member, . . . .25 
Number of shares withdrawn during the year, ...... 126 

Number of shares forfeited during the year, 29 

Number of shares retired during the year, . . . . .115 

Highest premium received during the year, . 

Lowest premium received 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 

Number of loans on shares, .... 

Largest loan to any one member, 2,000 00 

Smallest loan to any one member, 60 00 

Amount of expenses of the corporation for the year ending Oct. 31, 1897, . 240 82 

Date of examination by commissioner : March 12. 



No. 8.] SAVINGS BANK COMMISSIONERS. 



183 



READING CO-OPERATIVE BANK- READING. 



Incorporated Nov. 27, 1886. Commenced business Dec. 6, 1886. 
Wendell Bancroft, President. Harky P. Bosson, Secretary. 

Edgar N. Hunt, Treasurer. 






Names of security committee: 

Wendell Bancroft, Moses E. Nichols, 

Lewis M. Bancroft. 



Regular meetings the first Monday of each month. 



Balance Sheet October 30, 1897. 



Assets. 



Loans on real estate, 

Loans on shares, . 

Real estate by foreclosure, 

Unpaid interest, 

Cash in hands of secretary, 

Cash in hands of treasurer, 



$200,813 00 

6,745 00 

17,086 38 

1,900 00 

47 36 

8,347 10 



$234,938 84 



Liabilities. 



Dues capital, 

Profits capital (all series), 

Guaranty fund, . 

Surplus, 

Forfeited share account, 

Unpaid real estate loans, 



$188,588 00 

38,005 16 

1,650 00 

1,091 18 

49 50 

5,555 00 



$234,938 84 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Receipts. 


Disbursements. 


From dues capital, 


$55,874 00 


For real estate loans, . 


$76,855 00 


interest, 


12,338 60 


share loans, . 


2,250 00 


premiums, . 


1,263 62 


dues capital withdrawn, 


35,611 00 


fines, .... 


541 73 


dues capital forfeited, . 


679 00 


transfer fees, 


7 75 


dues capital retired, 


6,839 00 


real estate loans repaid , 


53,422 00 


profits capital withdrawn, 


6,223 53 


real estate loans elimi- 




profits capital forfeited, 


170 47 


nated by foreclosure, 


17,200 00 


profits capital retired, . 


2,857 04 


share loans repaid, 


2,905 00 


temporary expenses, 


285 91 


withdrawal profits, 


404 50 


forfeited shares, 


106 58 


forfeiture profits, 


17 84 


interest on retired shares, 


84 72 


forfeited shares, . 


86 58 


real estate by foreclos- 




balance real estate loans 




ure, .... 


17,299 93 


unpaid, 


5,555 00 


balance unpaid real estate 




insurance, . 


4 80 


loans, .... 


1,150 00 


rents, .... 


63 50 


real estate expenses, 


169 27 


real estate by foreclos- 




salaries, .... 


645 00 


ure 


7,420 00 


Cash on hand Oct. 30, 1897, 


8,394 46 


profits, .... 


84 72 






town of Winchester, . 


2 00 






Cash on hand Oct. 31, 1896, . 


2,429 27 








$159,620 91 


$159,620 91 



184 



REPORT OF THE 



[Pub. Doc. 



Total Amount of Loans at Specified Bates of Interest. 



Loams oh Real Estate. 


Loans on Shares. 


Amount. 


Rate. 


Amount. Rate. 


Amount. Rate. 


81,250 00 

111,573 00 

63,625 00 

17.965 00 


6.00 per cent. 
6.30 

6.60 " 
6.90 " 


83,500 00 
1,600 00 
1,300 00 


7.20 per cent. 

7.50 

8.70 


$2,725 00 

1,845 00 

375 00 

1,800 00 


6 30 per cent. 

6.60 

6.90 

7.80 ' " 



Reconciliation of Share Account with Dues and Profits Capital. 









""■ « 


a 

3 






Date of 


m 


« - 


- i- 


_ « 






Issce. 


CI 


3 .a 

si* 


5- c 

43" 


o 








QD 


> 


X. 








Dec, 1S86, . 


1 


8187 87 


37 


86,951 19 


Dues capital, as per gen- 




Juue, 1887, • 


2 


176 14 


42 


7.397 SS 


eral ledger, . 


S188.58S 00 


Dec, 1887, . 


3 


164 82 


58 


9,559 56 ' 


Profits capital, as per 




June, 1SS8, . 


4 


153 82 


39 


5.99S 9S 


general ledger, . 


38,015 16 


Dec, 1888, . 


5 


143 15 


67 


9,591 05 


Unpaid dues, 


2,741 00 


June, 1889, . 


6 


132 81 


123 


16,335 63 






Dec, 1S89, . 


7 


122 81 


66 


8,105 46 






June, 1890, . 


8 


113 14 


112 


12,671 6S 






Dec, 1890, . 


9 


103 75 


103 


10,6S6 25 






June, 1891, . 


10 


94 66 


181 


17,133 46 






Dec , 1891, . 


11 


85 87 


138 


11,850 06 






June, 1892, . 


12 


77 32 


177 


13.685 64 






Dec, 1892, . 


13 


69 02 


25S 


17,807 16 






May, 1893, . 


14 


62 27 


113 


7.036 51 






Nov., 1893, . 


15 


54 46 


16S 


9,149 28 






Mar, 1894, . 


16 


46 88 


241 


11,298 08 






Nov., 1894, . 


17 


39 54 


324 


12,810 96 






Mav, 1895, . 


18 


32 43 


366 


11,869 38 






Nov., 1895, . 


19 


25 53 


376 


9,599 28 






Mav, 1896, . 


20 


18 85 


535 


10,0S4 75 






Nov., 1896, . 


21 


12 38 


409 


5,063 42 






May, 1897, . 


22 


6 10 


705 


4,300 50 
358 00 


Total, 




Dues paid in 


adva 


nee, . 


• 




Total, 


$229,344 16 


8229,344 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 forfeited during the year, . 

Number of shares retired during the year, 

Highest premium received during the year, . 

Lowest premium received 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 

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: October 25. 



estate, 



1,264 

4,638 

1,304 

25 

980 

97 

54 



126 
604 
170 
434 
153 
22 



1897, 



SO 85 
OS 



4,500 00 

30 00 

930 91 



No. 8.] SAVINGS BANK COMMISSIONERS. 



185 



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, Herman Bird, 

Marshall N. Stearns, Wm. P. Brown, 

George A. Allison. 



Regular meetings the second Wednesday of each month. 



Balance Sheet October 30, 1897. 



A8SET8. 


Liabilities. 


Loans on real estate, 


$183,835 00 


Dues capital, 


$171,727 00 


Loans on sbares, . 


11,538 00 


Profits capital (all series), . 


23,565 60 


Permanent expense account, 


201 32 


Interest, .... 


3,741 81 


Temporary expense account, 


249 33 


Premiums, .... 


118 24 


Real estate by foreclosure, . 


2,727 25 


Fines, 


109 14 


Unpaid interest, 


707 08 


Transfer fees, 


75 


Unpaid premiums, 


30 25 


Withdrawal profits, 


202 23 


Unpaid fines 


73 97 


Forfeiture profits, 


20 


Rents, 


101 50 


Guaranty fund, . 


1,132 30 


Cash in hands of treasurer, . 


1,716 93 


Surplus, .... 


519 38 






Forfeited share account, 


51 48 






Security committee, 


12 50 




$201,180 63 


$201,180 63 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Receipts. 


Disbursements. 


From dues capital, 


$56,313 00 


For real estate loans, . 


$39,700 00 


interest, 


10,164 06 


share loans, . 


10,035 00 


premiums, . 


330 04 


dues capital withdrawn, 


15,850 00 


fines, .... 


277 06 


dues capital forfeited, . 


405 00 


transfer fees, 


1 75 


dues capital retired, 


13,296 00 


real estate loans repaid, 


8,650 00 


profits capital withdrawn, 


1,591 59 


real estate loans elimi- 




profits capital forfeited, 


83 69 


nated by foreclosure, 


2,000 00 


profits capital retired, . 


3,556 48 


share loans repaid, 


8,069 00 


temporary expenses, 


996 89 


withdrawal profits, 


381 04 


permanent expenses, 


47 00 


forfeiture profits, 


26 91 


forfeited shares, 


1,097 76 


forfeited shares, . 


439 74 


interest on retired shares, 


66 08 


security committee, 


27 50 


security committee, 


30 00 


rents, .... 


296 63 


repairs, taxes and ex- 




real estate by foreclos- 




penses on real estate, . 


497 34 


ure, .... 


2,266 00 


real estate foreclosed, 


2,079 00 


Cash on hand Oct. 31, 1896, . 


1,805 43 


Cash on hand Oct. 30, 1897, 


1,716 93 




$91,048 76 


$91,048 76 



186 



REPORT OF THE 



[Pub. Doc. 



Total Amount of Loans at Specified Rales of Interest. 



Loans on Real Estate. 


Loans on Sharks. 


Amount. 


Kate. 


Amount. Rate. 


Amount. 


Rate. 


$89,250 00 

6,750 00 

5,050 00 

69,985 00 


6.00 per cent. 
6.10 

9.20 « 
6.30 " 


$1,500 00 

10,700 00 

600 00 


6.60 per cent. 
6.90 " 
7.10 


$10,123 00 6.00 per cent. 
75 00 6.10 
1,340 00 | 6.30 



Reconciliation of Share Account with Dues and Profits Capital. 




Number of shares issued during the year, 1,411 

Number of shares now in force, 4,967 

Number of shares now borrowed upon, 1,382 

Largest number of shares held by any one member, . . - . .25 

Number of shares withdrawn during the year, 677 

Number of shares forfeited during the year, 41 

Number of shares retired during the year, ... . 147 

Highest per centum of interest received during the year : 6.90. 
Lowest per centum of interest received during the year : 6. 

Number of members withdrawn during the year 90 

Present number of members, 581 

Present number of borrowers, 123 

Present number of non-borrowers, 458 

Number of loans secured by first mortgage of real estate, ... 81 

Number of loans on shares 42 

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, 1897, . 984 09 

Date of examination by commissioner : February 4. 



No. 8.] SAVINGS BANK COMMISSIONERS. 



187 



ROGER CON ANT 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, Napoleon Thibatjlt, 

William Leonard, Wm. F. M. Collins, 

William D. Northend. 



Regular meetings the second Tuesday of each month. 



Balance Sheet October 30, 1897. 



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, . 


$22,850 00 

950 00 

85 00 

85 00 

122 00 

8 50 

16 98 

1,073 03 


Dues capital, 

Profits capital (all series), . 
Guaranty fund, . 
Surplus, .... 
Forfeited share account, 


$22,929 00 

1,852 72 

70 10 

329 69 

9 00 




$25,190 51 


$25,190 51 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



RECEIPT8. 


Disbursements. 


From dues capital, 


$11,409 00 


For real estate loans, . 


$8,700 00 


interest, 


1,269 32 


share loans, . 


1,300 00 


premiums, . 


82 64 


dues capital withdrawn, 


4,221 00 


fines, .... 


68 08 


dues capital forfeited, . 


80 00 


transfer fees, 


1 00 


profits capital withdrawn, 


241 23 


real estate loans repaid, 


2,100 00 


profits capital forfeited, 


4 55 


share loans repaid, 


550 00 


temporary expenses, 


121 02 


withdrawal profits, 


57 40 


forfeited shares, 


75 00 


forfeiture profits, 


04 


Cash on hand Oct. 30, 1897, 


1,073 03 


forfeited shares, . 


80 00 






Cash on hand Oct. 31, 1896, . 


198 35 








$15,815 83 


$15,815 83 



188 



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. 


$20,300 00 
1,550 00 


6.30 per cent. 
6.60 


$600 00 
400 00 


7.50 per cent. 
8.10 " 


$950 00 


6.30 per cent. 



Reconciliation of Share Account with Dues and Profits Capital. 



Date of 

Issue. 


CO 

W 


u 
CD . 

O.CD 

£ S 

> 


Shares In 
Force. 


3 

"3 

o 

H 




Nov., 1894,. 
May, 1895, . 
Nov., 1895, . 
May, 1896,. 
Nov., 1896, . 
May, 1897, . 


1 

2 
3 
4 
5 

6 


$39 46 
32 39 
25 52 
18 85 
12 38 
6 10 


386 
111 
71 
97 
105 
216 


$15,231 56 
3,595 29 
1,811 92 
1,828 45 
1,299 90 
1,317 60 

38 00 


Dues capital, as per gen- 
eral ledger, . 

Profits capital, as per 
general ledger, . 

Unpaid dues, 

Total, 


$22,929 00 

1,852 72 
341 00 


Dues paid in advance, . 




Total, 




• . • 


• 


$25,122 72 


$25,122 72 



estate, 



32 
162 

30 
132 

33 
7 



$0 05 
05 



Number of shares issued during the year, 359 

Number of shares now in force, ........ 986 

Number of shares now borrowed upon, . 179 

Largest number of shares held by any one member, . . . .25 

Number of shares withdrawn during the year, . . . . . 214 

Number of shares forfeited during the year, . 

Highest premium received during the year, . 

Lowest premium received 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 

Number of loans on shares, .... 

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, 1897, > 145 49 

Date of examination by commissipuer : March 22. 



No. 8.] SAVINGS BANK COMMISSIONERS. 



189 



ROXBUEY CO-OPERATIVE B ANK— (ROXBURY DISTRICT) 

BOSTON. 



Incorporated Oct. 3, 1889. Commenced business Nov. 1, 1889. 
Robert A. Watson, President. Thomas J. Sproul, Secretary and Treasurer. 



Names of security committee : 

Joseph Engel, Edward F. Sibley, 

Frederick Bleiler, James W. Colgan. 



Regular meetings the first business day of each month. 



Balance Sheet October 30, 1897. 



Assets. 


Liabilities. 


Loans on real estate, 
Loans on shares, . 
Unpaid interest, . 
Unpaid premiums, 
Unpaid fines, 
Cash in hands of treasurer, . 


$148,100 00 

4,865 00 

226 26 

80 

42 53 

11,301 11 


Dues capital, 

Profits capital (all series), . 
Guaranty fund, . 
Surplus, .... 


$143,233 00 

19,093 18 

1,100 00 

1,109 52 




$164,535 70 


$164,535 70 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Receipts. 


Disbursements. 


From dues capital, 


$53,803 00 


For real estate loans, . 


$52,420 00 


interest, 


8,662 61 


share loans, . 


5,420 00 


premiums, . 


19 50 


dues capital withdrawn, 


22,130 00 


fines, .... 


206 73 


profits capital withdrawn, 


1,840 06 


transfer fees, 


1 75 


temporary expenses, 


1,000 06 


real estate loans repaid, 


23,750 00 


forfeited.shares, . 


65 68 


share loans repaid, 


5,735 00 


Cash on hand Oct. 30, 1897, 


11,301 11 


withdrawal profits, 


457 66 






rent, .... 


130 00 






Cash on hand Oct. 31, 1896, . 


1,410 66 








$94,176 91 


$94,176 91 



190 



REPORT OF THE 



[Pub. Doc. 



Total Amount oj Loans at Specified Rates of Interest. 



Loans on Real Estate. 


Loans on Shares. 


Amount. 


Kate. 


Amount. 


Kate. 


Amount. 


Rate. 


$148,100 00 


6.00 per cent. 


- 


- 


$300 00 
4,565 00 


6.00 per cent. 
6.30 



Reconciliation of Share Account with Dues and Profits Capital. 









c 


c3 






Date of 


OO 


CO 


CO v 

o •- 








Issue. 


~ 


3-c 
"3 <o 


* — 
si 


o 








OQ 


> 


<J1 








Nov., 1889, . 


1 


$122 87 


67 


$8,232 29 


Dues capital, as per gen- 




May, 1890, . 


2 


113 37 


27 


3,060 99 


eral ledger, 


$143,233 00 


Nov., 1890, . 


3 


104 15 


110 


11,456 50 


Profits capital, as per 




May, 1891, . 


4 


95 20 


85 


8,092 00 


general ledger, . 


19,093 18 


Nov., 1891, . 


5 


86 51 


141 


12,197 91 


Unpaid dues, 


835 00 


May, 1892, . 


6 


78 09 


163 


12,728 67 






Nov., 1892, . 


7 


69 90 


88 


6,151 20 






May, 1893, . 


8 


61 96 


202 


12,515 92 






Nov., 1893, . 


9 


54 24 


133 


7,213 92 






May, 1894, . 


10 


46 74 


371 


17,340 54 






Nov., 1894, . 


11 


39 46 


376 


14,836 96 






May, 1895, . 


12 


32 39 


482 


15,611 98 






Nov., 1895, . 


13 


25 52 


442 


11,279 84 






May, 1896,. 


14 


18 85 


606 


11,423 10 






Nov., 1896, . 


15 


12 38 


452 


5,595 76 






May, 1897, . 


16 


6 10 


876 


5,343 60 
80 00 


Total, 




Dues paid in 


adva 


nee, . 


. 




Total, 


$163,161 18 


$163,161 18 



Number of shares issued during the year, 1,458 

Number of shares now in force, 4,621 

Number of shares now borrowed upon, 1,029 

Largest number of shares held by any one member, .... 25 
Number of shares withdrawn during the year, .... 1,022 
Highest per centum of interest received during the year: 6.3. 
Lowest per centum of interest received during the year : 6. 

Number of members withdrawn during the year, 125 

Present number of members, . 498 

Present number of borrowers, 83 

Present number of non-borrowers 415 

Number of loans secured by first mortgage of real estate, ... 61 

Number of loans on shares, 22 

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, 1897, . 870 06 

Date of examination by commissioner : April 6. 



No. 8.] SAVINGS BANK COMMISSIONERS. 



191 



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, E. A. Mackintire, 

Francis A. Newell. 



Regular meetings the second Friday of each month. 



Balance Sheet October 30, 1897. 






Assets. 


Liabilities. 


Loans on real estate, 


|254,470 00 


Dues capital, 


$213,842 00 


Loans on shares, . 


5,940 00 


Profits capital (all series), . 


38,018 91 


Temporary expense account, 


77 70 


Interest, .... 


1,184 85 


Unpaid interest, . 


1,976 43 


Premiums, . 




87 53 


Unpaid premiums, 


135 90 


Fines, . 




27 04 


Unpaid fines, .... 


181 30 


Transfer fees, 




25 


Cash in hands of treasurer, . 


1,966 29 


Withdrawal profits, 
Guaranty fund, . 
Surplus, 




66 32 
2,824 61 
8,664 55 






Forfeited share account, 


31 56 




$264,747 62 






$264,747 62 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Receipts. 


Disbursements. 


From dues capital, 


$65,350 00 


For real estate loans, . 


$83,165 00 


interest, 


14,997 64 


share loans, . 


3,640 00 


premiums, . 


1,212 08 


dues capital withdrawn, 


48,648 00 


fines, .... 


367 62 


dues capital forfeited, . 


72 00 


transfer fees, 


2 50 


dues capital retired, 


10,707 00 


real estate loans repaid, 


65,325 00 


profits capital withdrawn, 


7,762 85 


real estate loans elimi- 




profits capital forfeited, 


9 56 


nated by foreclosure, 


700 00 


profits capital retired, . 


2,328 66 


share loans repaid, 


4,685 00 


temporary expenses, 


1,329 72 


withdrawal profits, 


356 32 


forfeited shares, 


27 00 


forfeiture profits, 


3 48 


foreclosure account, 


673 00 


forfeited shares, . 


27 00 


Cash on hand Oct. 30, 1897, . 


1,966 29 


real estate by foreclos- 








ure, .... 


600 00 






Cash on hand Oct. 31, 1896, . 


6,702 44 








$160,329 08 




$160,329 08 



192 



KEPOKT 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. 


$197,665 00 
26,355 00 
14,600 00 


6.30 per cent. 

6.60 

6.90 


$11,350 00 

4,000 00 

500 00 


7.20 per cent. 
7.50 " 
7.80 


$5,240 00 

600 00 

50 00 

50 00 


6.30 per cent. 

6.60 

7.20 

780 « 



Reconciliation of Share Account with Dues and Profits Capital. 



Date of 


CO 


v. 

© • 


s . 


3 






Issue. 


~u 


SB 

■3* 




o 








X 


> 


OQ 








April, 1888, . 


1 


$154 84 


103 


$15,948 52 


Dues capital, as per gen- 




Oct., 1888, . 


2 


144 39 


116 


16,749 24 


eral ledger, 


$213,842 00 


April, 1889, . 


3 


134 24 


106 


14,229 44 


Profits capital, as per 




Oct., 1889, . 


4 


124 49 


111 


13,818 39 


general ledger, . 


38,018 91 


April, 1890, . 


5 


114 82 


98 


11,252 36 


Unpaid dues, 


2,861 00 


Oct., 1890, . 


6 


105 54 


123 


12,981 42 






April, 1891, . 


7 


96 52 


185 


17,856 20 






Oct., 1891, . 


8 


87 76 


198 


17,376 48 






April, 1892, . 


9 


79 27 


15T 


12,445 39 






Oct., 1892, . 


10 


71 02 


173 


12,286 46 






April, 1893, . 


11 


63 01 


136 


8,569 36 






Oct., 1893, . 


12 


55 24 


301 


16,627 24 






April, 1894, . 


13 


47 73 


380 


18,137 40 






Oct., 1894, . 


14 


40 46 


418 


16,912 28 






April, 1895, . 


15 


33 39 


531 


17,730 09 






Oct., 1895, . 


16 


26 52 


396 


10,501 92 






April, 1896, . 


17 


19 85 


528 


10,480 80 






Oct., 1896, . 


18 


13 38 


469 


6,275 22 






April, 1897, . 


19 


7 10 


537 


3,812 70 






Oct., 1897, . 


20 


1 00 


583 


583 00 

148 00 


Total, 




Dues paid in 


adva 


nee, . 


• 




Total, 


$254,721 91 


$254,721 91 



estate, 



163 
897 
229 
668 
247 
41 



SO 05 
05 



Number of shares issued during the year, 1,339 

Number of shares now in force, 5,649 

Number of shares now borrowed upon, 1,476 

Largest number of shares held by any one member, . . . .25 
Number of shares withdrawn during the year, .... 1,248 

Number of shares forfeited during the year, 4 

Number of shares retired during the year, ... . 138 

Highest premium received during the year, . 

Lowest premium received 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 

Number of loans on shares, 

Largest loan to any one member 5,000 00 

Smallest loan to any one member, 40 00 

Amount of expenses of the corporation for the year ending Oct. 31, 1897, . 1,329 72 
Date of examination by commissioner : January 18. 



No. 8.] SAVINGS BANK COMMISSIONERS. 



193 



SANDWICH CO-OPERATIVE BANK — SAND WICH. 



Incorporated Oct. 1, 1885. Commenced business Dec. 15, 1885. 
E. B. Howl and, President. W. H. Heald, Secretary and Treasurer. 



Namei of security committee : 

Levi S. Nye, John MoCann, 

R. H. Faunce. 



Regular meetings the third Tuesday of each month. 



Balance Sheet October 30, 1897. 



Assets. 


Liabilities. 


Loans on real estate, 


$14,600 00 


Dues capital, 


$14,806 00 


Loans on shares, . 


1,700 00 


Profits capital (all series) , . 


2,795 35 


Real estate by foreclosure, . 


735 70 


Interest, .... 


440 73 


Suspense account, . 


141 31 


Fines, .... 




29 04 


Cash in hands of treasurer, . 


1,192 36 


Transfer fees, 
Withdrawal profits, 
Guaranty fund, . 
Surplus, 
Rent account, 
Temporary expense, 




50 

27 31 

52 56 

179 80 

34 00 

4 08 




$18,369 37 


•• 




$18,369 37 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Receipts. 


Disbursements. 


From dues capital, 


$3,577 00 


For real estate loans, . 


$3,200 00 


interest, 


1,010 99 


share loans, . 


350 00 


fines, .... 


63 66 


dues capital withdrawn, 


1,957 00 


transfer fees, 


75 


dues capital forfeited, . 


225 00 


real estate loans repaid, 


1,300 00 


dues capital retired, 


978 00 


real estate loans elimi- 




profits capital withdrawn, 


277 17 


nated by foreclosure, 


800 00 


profits capital forfeited, 


61 81 


share loans repaid, 


250 00 


profits capital retired, . 


298 50 


withdrawal profits, 


69 27 


temporary expenses, 


130 39 


forfeiture profits, . 


15 45 


real estate by foreclosure, 


735 70 


temporary expense, . 


13 50 


Cash on hand Oct. 30, 1897, 


1,192 36 


rent 


34 00 






Cash on hand Oct. 31, 1896, . 


2,271 31 








$9,405 93 


$9,405 93 



194 



REPORT OF THE 



[Pub. Doc. 



Total Amoinit of Loans at Specified Bates of Interest. 



Loans ok Eeal Estate. 


Loans on Sharks. 


Amount. 


Kate. 


Amount. 


Rate. 


Amount. 


Eate. 


$6,500 00 


5 per cent. 


850 00 


6f per cent. 


81,200 00 


5 per cent. 


1,000 00 


oh 


700 00 


6| 


50 00 


5| 


500 00 


5| " 


100 00 


6£ 


50 00 


5| " 


1,350 00 


5$ 


1,100 00 


7 " 


250 00 


6 " 


200 00 


5 J " 


200 00 


7| 


100 00 


6^ 


550 00 


6 " 


50 00 


li » ■ 


50 00 


lOfr 


100 00 


6£ " 


800 00 


8 






300 00 


64 " 


100 00 


Si 






950 00 


eh " 


50 00 


*l " 







Reconciliation of Share Account with Dues and Profits Capital. 



Datb of 

Issue. 



Dec, 

Dec. 

June, 

Dec, 

Dec, 

June, 

Dec, 

June, 

Dec, 

June, 

Dec, 

June, 

Dec, 

June, 

Dec, 

June, 

Dec, 

June, 

Dec, 

June, 

Dec, 

June, 



1885, 
1886, 
1887, 
1887, 
1888, 
1889, 
1889, 
1890, 
1890, 
1891, 
1891, 
1892, 
1892, 
1893, 
1893, 
1894, 
1894, 
1895, 
1895, 
1896, 
1896, 
1897, 



* 35 

> 



1 

3 
4 
5 

7 
8 

9 
10 
11 
12 
13 
14 
15 
1-5 
17 
IS 
19 
20 
21 
22 
23 
24 



>187 52 

168 04 

158 64 

149 29 

130 97 

122 11 

113 49 

105 07 

96 82 

88 77 

80 86 

73 09 

65 50 

58 10 

50 88 

43 83 

36 96 

30 23 

23 69 

17 31 

11 08 

5 00 



a o 



Dues paid in advance, . 
Total, . 



22 
20 
1 
1 
12 
6 
5 
1 
3 
3 
9 
9 
7 
6 

12 
10 
23 
19 
20 
45 
36 
55 



_ eg 

_3> 



84,125 44 
3.360 80 
158 64 
149 29 
1,571 64 
732 66 
567 45 
105 07 
290 46 
266 31 
727 74 
657 81 
458 50 
348 60 
610 56 
438 30 
850 OS 
574 37 
473 80 
778 95 
398 88 
275 00 



34 00 



Dues capital, as per gen- 
eral ledger, 

Profits capital, as per 
general ledger, . 

Unpaid dues," 



.7,954 35 



Total, 



814,806 00 

2,795 35 
353 00 



817,954 35 



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, 



98 

325 

103 

12 

54 



No. 8.] SAVINGS BANK COMMISSIONERS. 195 

Number of shares forfeited during the year, 3 

Number of shares retired during the year, 7 

Highest per centum of interest received during the year: 7J. 
Lowest per centum of interest received during the year : 5. 

Number of members withdrawn during the year, 16 

Present number of members, 105 

Present number of borrowers, 47 

Present number of non-borrowers, 58 

Number of loans secured by first mortgage of real estate, ... 44 

Number of loans on shares, 16 

Largest loan to any one member $900 00 

Smallest loan to any one member, 50 00 

Amount of expenses of the corporation for the year ending Oct. 31, 1897, . 166 17 

Date of examination by commissioner : July 19. 



196 



REPORT OF THE 



[Pub. Doc. 



SECURITY CO-OPERATIVE BANK — BROCKTON. 



Incorporated Dec. 17, 1877. Commenced business Dec. 20, 1877. 
B. E. Jones, President. Henry C. Gurnet, Secretary. 

Fred B. Howard, Treasurer. 



Names of security committee : 

L. F. Severance, T. E. Gifford, 

W. H. Sayage. 



Regular meetings the third Thursday of each month. 



Balance Sheet October 30, 1897. 



Assets. 


Liabilities. 


Loans on real estate, 


$167,550 00 


Dues capital, 


$167,511 00 


Loans on shares, . 


8,170 00 


Profits capital (all series) , . 


20,528 31 


Permanent expense account, 


150 00 


Interest, .... 


4,137 99 


Temporary expense account, 


418 78 


Premiums, .... 


467 05 


Real estate by foreclosure, . 


6,147 78 


Fines, 


99 80 


Unpaid interest, . 


1,977 57 


Transfer fees, 


50 


Unpaid premiums, 


256 15 


"Withdrawal profits, 


308 15 


Unpaid fines, .... 


116 04 


Guaranty fund, . 


1,300 00 


Mortgage, .... 


6,000 00 


Surplus, .... 


280 53 


Cash in hands of secretary, . 


95 72 


Forfeited share account, 


26 51 


Cash in hands of treasurer, . 


3,777 80 








$194,659 84 


$194,659 84 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Receipts. 


Disbursements. 


From dues capital, 


$63,712 00 


For real estate loans, . 


$36,675 00 


interest, 


13,087 52 


share loans, . 


9,635 00 


premiums, . 


1,328 46 


dues capital withdrawn, 


23,351 00 


fines, .... 


319 64 


dues capital forfeited, . 


327 00 


transfer fees, 


2 60 


dues capital retired, 


51,292 00 


real estate loans repaid, 


37,125 00 


dues capital matured, . 


6,078 00 


real estate loans elimi- 




profits capital withdrawn, 


2,844 46 


nated by foreclosure, 


3,700 00 


profits capital forfeited, 


141 72 


real estate loans elimi- 




profits capital retired, . 


11,017 33 


nated by maturity of 




profits capital matured, 


2,928 60 


shares, 


9,000 00 


temporary expenses, 


1,469 12 


share loans repaid, 


11,995 00 


forfeited shares, . 


16 00 


withdrawal profits, 


824 13 


interest od retired shares, 


602 54 


forfeiture profits, 


35 35 


guaranty fund, 


38 67 


forfeited shares, . 


16 00 


real estate by foreclosure, 


2,828 09 


insurance repaid, 


22 83 


Cash on hand Oct. 30, 1897, 


3,873 52 


taxes, .... 


40 82 






Cash on hand Oct. 31, 1896, . 


11,908 80 








$153,118 05 


$153,118 05 



No. 8.] SAVINGS BANK COMMISSIONERS. 



197 



Total Amount of Loans at Specified Rates of Interest. 



Loans on Real Estate. 


Loans on Shares. 


Amount. 


Rate. 


Amount. 


Rate. 


Amount. 


Rate. 


$161,700 00 
5,700 00 


6 60 per cent. 
6 90 " 


$150 00 


7.20 per cent. 


$8,170 00 


6.60 per cent. 



Reconciliation of Share Account with Dues and Profits Capital. 



Date of 


n 


i- . 


c . 

CD O 

4) U 


a3 

s 






Issue. 




■3 00 


2^ 


$> 

o 








a; 


> 


1i 


H 






Dec, 1886, . 


10 


$183 68 


20 


$3,673 60 


Dues capital, as per gen- 




Dec, 1887, . 


11 


160 84 


35 


5,629 40 


eral ledger, 


$167,511 00 


Dec, 1888, . 


12 


139 53 


46 


6,418 38 


Profits capital, as per 




Dec, 1889, . 


13 


119 62 


69 


8,253 78 


general ledger, . 


20,528 31 


Dec, 1890,. 


14 


100 95 


144 


14,536 80 


Unpaid dues, . 


2,688 00 


Dec, 1891, . 


15 


83 49 


206 


17,198 94 






Dec, 1892,. 


16 


67 11 


423 


28,387 53 






June, 1893,. 


17 


59 30 


143 


8,479 90 






Dec, 1893,. 


18 


51 75 


298 


15,421 50 






June, 1894, . 


19 


44 44 


331 


14,709 64 






Dec, 1894,. 


20 


37 34 


641 


23,934 94 






June, 1895, . 


21 


30 48 


307 


9,357 36 






Dec, 1895, . 


22 


23 83 


722 


17,205 26 






June, 1896, . 


23 


17 37 


374 


6,496 38 






Dec, 1896, 


24 


11 10 


799 


8,868 90 






June, 1897, . 


25 


5 00 


410 


2,050 00 
105 00 


Total, . 




Dues paid in 


adva 


nee, . 


• 




Total, 


$190,727 31 


$190,727 31 



estate, 



127 
643 

156 

487 

188 

40 



$0 10 
10 



Number of shares issued during the year, 1,339 

Number of shares now in force 4,968 

Number of shares now borrowed upon 1,170 

Largest number of shares held by any one member, .... 25 

Number of shares withdrawn during the year, 840 

Number of shares forfeited during the year, 17 

Number of shares retired during the year, 711 

Number of shares matured during the year, 45 

Highest premium received during the year, . 
Lowest premium received 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 
Number of loans on shares, .... 

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, 1897, . 1,519 12 
Date of examination by commissioner: March 25. 



198 



REPORT OF THE 



[Pub. Doc. 



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 : 

E. F. Thompson, Marshall H. Locke, 

Nathan H. Reed. 



Regular meetings the first Monday of each month. 



Balance Sheet October 30, 1897. 



ASSET8. 


Liabilities. 


Loans on real estate, 


$505,825 00 


Dues capital, 


$489,854 00 


Loans on shares, . 


21,350 00 


Profits capital (all series), . 


89,609 00 


Permanent expense account, 


800 00 


Interest, .... 


2,573 33 


Temporary expense account, 


100 75 


Premiums, .... 


43 58 


United States bonds, 


20,000 00 


Fines, 


98 99 


City of Somerville bonds, 


24,000 00 


Transfer fees, 


25 


Premium account, 


2,452 56 


Withdrawal profits, 


139 41 


Cash in hands of treasurer, . 


11,871 63 


Forfeiture profits, 


3 03 






Guaranty fund, . 


2,550 00 






Surplus, .... 


1,257 19 






Forfeited share account, 


271 16 




$586,399 94 


$586,399 94 



Detailed Statement of Receipts and Disbursements for the Tear ending 

Oct. 31, 1897. 



Receipts. 


DlSBUBSEMENTS. 


From dues capital, 


$143,939 00 


For real estate loans, . 


. $176,208 99 


interest, 


31,380 74 


share loans, . 


15.000 00 


premiums, . 


658 60 


dues capital withdrawn 


, 80,199 00 


fines, .... 


1,213 26 


dues capital forfeited, 


2,535 00 


transfer fees, 


3 50 


dues capital retired, 


27,202 00 


real estate loans repaid, 


148,534 05 


dues capital matured, 


15,792 00 


real estate loans elimi- 




profits capital withdrawi 


l, 12,108 80 


nated bv foreclosure, 


6,324 94 


profits capital forfeited, 


392 60 


6hare loans repaid, 


16,550 00 


profits capital retired, 


9,220 41 


withdrawal profits, 


935 47 


profits capital matured 


7,098 90 


forfeiture profits, . 


42 87 


temporary expenses, 


1,892 50 


forfeited shares, . 


1,994 27 


forfeited shares, . 


1,863 27 


insurance, . 


11 25 


interest on retired shares 


209 15 


time loan, . 


10,000 00 


security committee, 


275 00 


bond premiums, . 


533 75 


finance committee, 


99 00 


bonds, city of Somer- 




bond premiums, . 


202 fi6 


ville, 


17,000 00 


city of Somerville honds 


, 24.000 00 


Cash on hand Oct. 31, 1896, . 


7,049 11 


Cash on hand Oct. 30, 1897 


11 871 63 




$386,170 81 


$386,170 81 



No. 8.] SAVINGS BANK COMMISSIONERS. 



199 



Total Amount of Loans at Specified Bates of Interest. 



Loans on Real Estate. 


Loans on Shares. 


Amount. 


Kate. 


Amount. 


Kate. 


Amount. 


Rate. 


$161,650 00 

80,050 00 

95,450 00 

12,350 00 

6,200 00 

143,275 00 


5.00 per cent. 

5.25 " 

5.50 " 

5.75 

6 00 " 

6.30 " 


$6,850 00 


6.60 per cent. 


$7,700 00 
2,800 00 
6,650 00 
1,400 00 
2,050 00 
750 00 


5.00 per cent. 

5.25 

5.50 « 

6.00 

6.30 

6.60 






Reconciliation of Share Account with Dues and Profits Capital. 



Date of 


09 




a ■ 


oj 
3 






Issue. 


"C 


BS3 

■3* 


£3 


e3>- 
O 








to 


> 


00 


H 






Oct., 1886,. 


14 


$188 90 


50 


$9,445 00 


Dues capital, as per gen- 




April, 1887, . 


15 


177 23 


99 


17,545 77 


eral ledger, 


$489,854 00 


Oct., 1887,. 


16 


165 97 


99 


16,431 03 


Profits capital, as per 




April, 1888, . 


17 


155 08 


100 


15,508 00 


general ledger, . 


89,609 00 


Oct., 1888,. 


18 


144 47 


98 


14,158 06 


Unpaid dues, . 


2,634 00 


April, 1889, . 


19 


134 17 


271 


36,360 07 






Oct., 1889, . 


20 


124 26 


261 


32,431 86 






April, 1890, . 


21 


114 62 


345 


39,543 90 






Oct., 1890,. 


22 


105 33 


287 


30,229 71 






April, 1891, . 


23 


96 30 


398 


38,327 40 






Oct., 1891,. 


24 


87 50 


281 


24,587 50 






April, 1892, . 


25 


79 02 


659 


52,074 18 






Oct., 1892,. 


26 


70 81 


405 


28,678 05 






April, 1893, . 


27 


62 82 


510 


32,038 20 






Oct., 1893,. 


28 


55 10 


479 


26,392 90 






April, 1894, . 


29 


47 62 


659 


31,381 58 






Oct., 1894, . 


30 


40 34 


670 


27,027 80 






April, 1895, . 


31 


33 28 


1,108 


36,874 24 






Oct., 1895,. 


32 


26 44 


1,027 


27,153 88 






April, 1896, . 


33 


19 80 


991 


19,621 80 






Oct., 1896, . 


34 


13 36 


1,051 


14,041 36 






April, 1897, . 


35 


7 09 


1,519 


10,769 71 






Oct., 1897,. 


36 


1 00 


873 


873 00 
602 00 


Total, 




Dues paid in 


adva 


nee, , 


• 




Total, 


$582,097 00 


$582,097 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 per centum of interest received during the year : 6. 

Lowest per centum of interest received during the year : 5. 



2,986 
12,240 

3,501 
. 25 

2,402 
. 118 
. 244 
. 114 



200 REPORT OF THE [Pub. Doc. 

Number of members withdrawn during the year 252 

Present number of members, 1,337 

Present number of borrowers, 400 

Present number of non-borrowers, 937 

Number of loans secured by first mortgage of real estate, . . . 281 

Number of loans on shares 119 

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, 1897, . 1,992 50 
Date of examination by commissioner : February 18. 



No. 8.] SAVINGS BANK COMMISSIONERS. 



201 



SOUTH FRAMINGHAM CO-OPERATIVE BANK — SOUTH 

FRAMINGHAM. 



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, Eleazer Goulding, 

Frank H. Fales. 



Regular meetings the first Monday of each month. 



Balance Sheet October 30, 1897. 



Assets. 


Liabilities. 


Loans on real estate, 
Loans on shares, . 
Permanent expense account, 
Temporary expense account, 
Unpaid interest, 
Unpaid premiums, 
Unpaid tines, 

Mortgage, .... 
Cash in hands of treasurer, . 


$133,385 00 

3,745 00 

127 99 

50 00 

1,145 41 

41 70 

95 94 

1,200 00 

8,375 90 

$148,166 94 


Dues capital, 

Profits capital (all series), . 
Withdrawal profits, 
Guaranty fund, . 
Surplus, .... 
Forfeited share account, 
Personal accounts, 


$122,208 00 

22,607 37 

76 

1,148 74 

971 04 

114 67 

1,116 36 




$148,166 94 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Receipts. 


Disbursements. 


From dues capital, 


$37,268 00 


For real estate loans, . 


$33,555 00 


interest, 


7,592 83 


share loans, . 


3,280 00 


premiums, . 


205 76 


dues capital withdrawn, 


22,164 00 


fines, .... 


340 66 


dues capital forfeited, . 


783 00 


real estate loans repaid, 


20,350 00 


profits capital withdrawn, 


3,263 13 


real estate loans elimi- 




profits capital forfeited, . 


172 12 


nated by foreclosure, 


2,100 00 


temporary expenses, 


746 30 


share loans repaid, 


4,475 00 


permanent expenses, 


88 50 


withdrawal profits, 


253 73 


forfeited shares, 


192 82 


forfeiture profits, 


8 69 


retired shares, 


1,474 05 


permanent expense, . 


15 00 


real estate mortgage, 


1,200 00 


real estate by foreclos- 




real estate by foreclosure, 


2,140 13 


ure, .... 


3,097 33 


Cash on hand Oct. 30, 1897, 


8,375 90 


Cash on hand Oct. 31, 1896, . 


1,727 95 








$77,434 95 


$77,434 95 



202 



REPORT OF THE 



[Pub. Doc. 



Total Amount of Loans at Specified Rates of Interest. 



Loans ox Real Estate. 



Amount. 



Rate. 



$46,600 00 

48,690 00 

14,400 00 

7,300 00 

11,670 00 



6 per cent. 
6£ 

6| 

6£ 



Amount. 



Rate. 



},200 00 
500 00 
825 00 
500 00 
700 00 



6| percent. 
63 



Loans on Shares. 



Amount. 



S3,005 00 
250 00 
100 00 
150 00 
200 00 
40 00 



Rate. 



6 

6£ 

6§ 

6* 

61 



per cent. 



Reconciliation of Share Account with Dues and Profits Capital. 




Number of shares issued during the year, ..... 1,056 

Number of shares now in force, 3,193 

Number of shares now borrowed upon, 819 

Largest number of shares held by any one member, .... 25 

Number of shares withdrawn during the year, 698 

Number of shares forfeited during the year, 11 

Highest per centum of interest received during the year : 6§. 
Lowest per centum of interest received during the year : 6. 

Number of members withdrawn during the year, SO 

Present number of members, 471 

Present number of borrowers, Ill 

Present number of non-borrowers, 360 

Number of loans secured by first mortgage of real estate, . . . 101 

Number of loans on shares, 24 

Largest loan to any one member, $4,500 00 

Smallest loan to any one member 25 00 

Amount of expenses of the corporation for the year ending Oct. 31, 1897, . 749 46 

Date of examination by commissioner : January 15. 



No. 8.] SAVINGS BANK COMMISSIONERS. 



203 






SOUTH SHORE CO-OPERATIVE BANK — WEYMOUTH. 



Incorporated April 18, 1890. Commenced business May 5, 1890. 
Francis Ambler, President. Chas. G. Sheppard, Secretary and Treasurer. 



Names of security committee : 

George H. Bicknell, David J. Pierce, 

Joel F. Sheppard. 



Regular meetings the first Monday of each month. 



Balance Sheet October 30, 1897. - 



Assets. 


Liabilities. 


Loans on real estate, 

Loans on shares, . 

Permanent expense account, 

Unpaid interest, 

Unpaid premiums, 

Unpaid fines, 

Cash in hands of treasurer, . 


$55,550 00 

1,750 00 

156 06 

49 50 

5 20 

8 64 

3,306 98 


Dues capital, 

Profits capital (all series), . 
Guaranty fund, . 
Surplus, .... 
Security committee, 
Personal account, 


$50,951 00 

9,036 23 

167 00 

488 36 

30 00 

153 79 




$60,826 38 


$60,826 38 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



RECEIPT8. 


DlSBDKSEMENTS. 


From dues capital, 


$14,780 00 


For real estate loans, . 


$9,000 00 


interest, . . 


3,383 51 


share loans, . 


1,100 00 


premiums, . 


207 25 


dues capital withdrawn, 


7,160 00 


fines, .... 


80 98 


dues capital forfeited, . 


380 00 


transfer fees, 


1 00 


dues capital retired, 


2,855 00 


real estate loans repaid, 


450 00 


profits capital withdrawn, 


933 00 


real estate loans elimi- 




profits capital forfeited, 


49 10 


nated by foreclosure, 


2,000 00 


profits capital retired, . 


680 30 


share loans repaid, 


1,950 00 


temporary expenses, 


284 73 


withdrawal profits, 


233 94 


permanent expenses, 


46 06 


forfeiture profits, 


12 30 


forfeited shares, 


306 72 


forfeited shares, . 


306 72 


security committee, 


42 00 


security committee, . 


42 00 


real estate by foreclosure, 


2,326 21 


insurance account, 


15 00 


Cash on hand Oct. 30, 1897, . 


3,306 98 


real estate by foreclos- 








ure, ... 


2,480 00 






Cash on hand Oct. 31, 1896, . 


2,527 40 








$28,470 10 


$28,470 10 



204 



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. 


$9,000 00 

36,050 00 

6,400 00 


6.00 per cent. 
6.30 » 
6.60 " • 


$2,700 00 
600 00 
800 00 


6.90 per cent. 

7.20 

7.50 " 


$1,100 00 
650 00 


6.00 per cent. 
6.30 " 



Eeconciliation of Share Account with Dues and Profits Capital. 



Date of 


» 


t-. 

0) C3 


c , 
w ® 


c5 

a 

— "3 






Issue. 


CD 


3j3 




o 








OS 


> 


02 


H 






May, 1890, . 


1 


$114 39 


131 


$14,985 09 


Dues capital, as per gen- 




Nov., 1890, . 


2 


105 05 


52 


5,462 60 


eral ledger, 


$50,951 00 


May, 1891, . 


3 


95 94 


63 


6,044 22 


Profits capital, as per 




Nov., 1891,. 


4 


87 08 


34 


2,960 72 


general ledger, . 


9,036 23 


May, 1892, . 


5 


78 50 


55 


4,317 50 


Unpaid dues, 


158 00 


Nov., 1892, . 


6 


70 19 


52 


3,649 88 






May, 1893, . 


7 


62 15 


44 


2,734 60 






Nov., 1893, . 


8 


54 33 


49 


2,662 17 






May, 1894, . 


9 


46 79 


77 


3,602 83 






Nov., 1894, . 


10 


39 47 


74 


2,920 78 






May, 1895, . 


11 


32 39 


127 


4,113 53 






Nov., 1895, . 


12 


25 52 


96 


2,449 92 






May, 1896,. 


13 


18 85 


111 


2,092 35 






Nov., 1896, . 


14 


12 38 


83 


1,027 54 






May, 1897, . 


15 


6 10 


165 


1,006 50 
115 00 


Total, 




Dues paid in 


advance, . 






Total, 




• 


$60,145 23 


$60,145 23 



year 
year 



6 6-10. 
6. 



estate, 



Number of shares issued during the year, 276 

Number of shares now in force, 1,213 

Number of shares now borrowed upon, ....... 335 

Largest number of shares held by any one member, . . . .25 

Number of shares withdrawn during the year, 234 

Number of shares forfeited during the year, 10 

Number of shares retired during the year, 35 

Highest per centum of interest received during the 
Lowest per centum of interest received during the 
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 
Number of loans on shares, .... 

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, 1897, . 319 73 

Date of examination by commissioner; March 10. 



45 
207 

46 
161 

49 
6 



No. 8.] SAVINGS BANK COMMISSIONERS. 



205 



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, Francis F. Bullock, 

James F. Frawley, John H. Stetson, 

Chas. H. Clapp. 



Regular meetings the second Saturday of each month. 



Balance Sheet October 30, 1897. 



Assets. 


Liabilities. 


Loans on real estate, 
Loans on shares, . 
Permanent expense account, 
Temporary expense account, 
Unpaid fines, 
Cash in hands of treasurer, . 


$63,675 00 

3,125 00 

20 00 

92 50 

12 79 

343 13 


Dues capital, 

Profits capital (all series), . 
Interest, .... 
Premiums, .... 
Transfer fees, 
Withdrawal profits, 
Guaranty fund, . 
Surplus, .... 


$54,806 00 

11,710 48 

253 84 

11 15 

1 00 

30 51 

381 43 

74 01 




$67,268 42 


$67,268 42 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Receipts. 


Disbursements. 


From dues capital, 


$12,911 00 


For real estate loans, . 


$14,850 00 


interest, 


3,865 95 


share loans, . 


425 00 


premiums, . 


208 58 


dues capital withdrawn, 


4,187 00 


fines, .... 


122 95 


dues capital retired, 


3,164 00 


transfer fees, 


2 50 


profits capital withdrawn, 


601 29 


real estate loans repaid, 


5,100 00 


profits capital retired, . 


1,013 9-2 


share loans repaid, 


1,900 00 


temporary expenses, 


354 60 


withdrawal profits, 


175 38 


interest paid, . 


1 50 


taxes, .... 


37 19 


Cash on hand Oct. 30, 1897, 


343 13 


Cash on hand Oct. 31, 1896, . 


616 89 








$24,940 44 


$24,940 44 



206 



EEPOET OF THE 



[Pub. Doc. 



Total Amount of Loans at Specified Rates of Interest. 





Loans on Real Estate. 




Loans 


ON SHAEE8. 


Amount. 


Rate. 


Amount. 


Rate. 


Amount. Rate. 


$34,300 00 
9,500 00 
4,650 00 
3,900 00 


6.00 per cent. 
6.30 

6.60 " 
6.90 " 


$5,850 00 
2,800 00 
1,475 00 
1,200 00 


7.20 per cent. 
7.50 

8.10 " 
8.40 " 


$2,825 00 

50 00 

50 00 

200 00 


6.00 per cent. 
6.30 

7.20 " 
7.50 " 



Reconciliation of Share Account with Dues and Profits Capital. 




Number of shares issued during the year, 349 

Number of shares now in force, 1,178 

Number of shares now borrowed upon, 395 

Largest number of shares held by any one member, .... 25 
Number of shares withdrawn during the year, . . . . 114 

Number of shares retired during the year, 32 

Highest per centum of interest received during the year: 8.40. 
Lowest per centum of interest received during the year : 6. 

Number of members withdrawn during the year, 33 

Present number of members, 221 

Present number of borrowers, 76 

Present number of non-borrowers 145 

Number of loans secured by first mortgage of real estate, ... 88 

Number of loans on sbares, 20 

Largest loan to any one member, $4,750 00 

Smallest loan to any one member, 50 00 

Amount of expenses of the corporation for the year ending Oct. 31, 1897, . 394 60 

Date of examination by commissioner : February 18. 



No. 8.] SAYINGS BANK COMMISSIONERS. 



207 



SPRINGFIELD CO-OPERATIVE BANK — SPRINGFIELD. 



Incorporated April 13, 1882. Commenced business May 9, 1882. 
C. L. Shaw, President. E. S. Batchelder, Secretary. 

C. H. Churchill, Treasurer. 



Names of security committee : 

George A. Denison, S. D. Sherwood, 

C. H. Churchill. 



Regular meetings the second Tuesday of each month. 



Balance Sheet October 30, 1897. 



Assets. 


Liabilities. 


Loans on real estate, 
Loans on shares, . 
Permanent expense account, 
Unpaid interest, 
Unpaid premiums, 
Unpaid fines, .... 
Cash in hands of treasurer, . 


$472,210 00 

19,565 00 

400 00 

2,687 85 

68 75 

330 84 

10,089 78 


Dues capital, 

Profits capital (all series), . 
Guaranty fund, . 
Surplus, .... 
Forfeited share account, 


$428,877 00 

72,082 61 

2,393 16 

1,703 37 

296 08 




$505,352 22 


$505,352 22 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Keceipts. 


Disbursements. 





From dues capital, 


$138,097 00 


For real estate loans, . 


$124,400 00 


interest, 


28,866 96 


share loans, . 


16,075 00 


premiums, . 


415 76 


dues capital withdrawn, 


50,259 00 


fines, .... 


1,372 11 


dues capital forfeited, . 


140 00 


transfer fees, 


11 50 


dues capital retired, 


37,792 00 


real estate loans repaid, 


75,750 00 


dues capital matured, . 


680 00 


real estate loans elimi- 




profits capital withdrawn, 


8,553 41 


nated by maturity of 




profits capital forfeited, 


15 60 


shares, 


1,000 00 


profits capital retired, . 


12,642 55 


share loans repaid, 


11,570 00 


profits capital matured, 


330 55 


withdrawal profits, 


1,090 04 


temporary expenses, 


1,838 03 


forfeiture profits, 


6 60 


permanent expenses, 


40 00 


Cash on hand Oct. 31, 1896, . 


5,006 20 


forfeited shares, 


7 16 






interest on retired shares, 


321 49 


- 




fines, .... 


90 






premiums, 


70 






Cash on hand Oct. 30, 1897, 


10,089 78 




$263,186 17 


$263,186 17 



208 



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. 


$429,410 00 


6.00 per cent. 


$700 00 


7.50 per cent. 


$18,085 00 


6 00 per cent. 


32,250 00 


6.30 " 


350 00 


7.80 


125 00 


6.30 " 


5,500 00 


6.60 " 


500 00 


8.40 


350 00 


6.60 


1,900 00 


6.90 " 


800 00 


8.70 " 


350 00 


7.20 « 


800 00 


7.20 " 






200 00 
405 00 


7.50 " 
8 40 " 










50 00 


9.00 " 





Reconciliation of Share Account with Dues and Profits Capital. 



Date of 


99 


eg 




oj 

s 

r-."3 




Issue. 


"u 


"3" 




03 >. 






OQ 


> 


m 


H 




Nov., 1886, . 


10 


$189 65 


7 


$1,327 55 


Dues capital, as per gen- 




Nov., 1887, . 


12 


167 10 


10 


1,671 00 


eral ledger, 


$428,877 00 


May, 1888,. 


13 


156 09 


36 


5,619 24 


Profits capital, as per 




Nov., 1888, . 


14 


145 59 


72 


10,482 48 


general ledger, . 


72,082 61 


May, 1889, . 


15 


134 98 


16 


2,159 68 


Unpaid dues, 


4,182 00 


Nov., 1889, . 


16 


125 04 


128 


16,005 12 






Feb., 1890, . 


17 


120 10 


112 


13.451 20 






Mav, 1890, . 


18 


115 18 


100 


11.518 00 






Aug., 1890, . 


19 


110 41 


134 


14,794 94 






Nov., 1890, . 


20 


105 69 


100 


10,569 00 






Feb., 1891, . 


21 


101 03 


249 


25,156 47 






May, 1891, . 


22 


96 50 


168 


16,212 00 






Aug., 1891, . 


23 


92 01 


188 


17,297 88 






Nov., 1891, . 


24 


87 62 


233 


20,415 46 






Feb., 1892, . 


25 


83 27 


296 


24,647 92 






May, 1892, . 


26 


78 97 


290 


22,901 30 






Aug., 1892,. 


27- 


74 75 


251 


18,762 25 






Nov., 1892, . 


28 


70 60 


329 


23,227 40 






Feb., 1893, . 


29 


66 55 


295 


19,632 25 






May, 1893, . 


30 


62 50 


237 


14,812 50 






Aug., 1893, . 


31 


58 49 


272 


15,909 28 






Nov., 1893, . 


32 


54 64 


254 


13,878 56 






Feb., 1894, . 


33 


50 81 


414 


21,035 34 






May, 1894, . 


34 


47 00 


340 


15,980 00 






Aug., 1894, . 


35 


43 30 


344 


14,895 20 






Nov., 1894, . 


36 


39 63 


464 


18,388 32 






Feb., 1895,. 


37 


36 06 


595 


21,455 70 






May, 1895, . 


38 


32 52 


506 


16,455 12 






Aug., 1895, . 


39 


29 02 


493 


14,306 86 






Nov., 1895, . 


40 


25 59 


306 


7,830 54 






Feb , 1896, . 


41 


22 21 


556 


12,348 76 






May, 1896, . 


42 


18 90 


705 


13,324 50 






Aug., 1896, . 


43 


15 64 


523 


8,179 72 






Nov., 1896, . 


44 


12 42 


434 


5,390 28 






Feb., 1897,. 


45 


9 23 


830 


7,660 90 






May, 1897, . 


46 


6 11 


804 


4,912 44 






Aug., 1897, • 


47 


3 03 


715 


2,166 45 

360 00 
$505,141 61 


Total, . . . 




Dues paid in 


adva 


nee, . 


• 




Total, 


$505,141 61 



No. 8.] SAVINGS BANK COMMISSIONERS. 



209 






10 

6. 



20. 



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 per centum of interest received during the year 
Lowest per centum of interest received 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, 

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 : October 5. 



3,122 
11,806 

3,119 
. 25 

1,715 
. 10 
. 386 
. 5 



. 223 
1,403 
. 313 
1,090 
315 
. 122 



1897, 



55,000 00 
25 00 

1,878 03 









210 



REPORT OF THE 



[Pub. Doc. 



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 : 

O. H. Marston, A. H. Cowdrey, 

S. A. Hill. 



Regular meetings the first Tuesday of each month. 



Balance Sheet October 30, 1897. 



Assets. 


Liabilities. 


Loans on real estate, 
Loans on shares, . 
Unpaid interest, 
Unpaid premiums, 
Unpaid fines, .... 
Cash in hands of treasurer, . 


$138,800 00 

8,300 00 

943 00 

75 

198 04 

5,644 03 


Dues capital, 

Profits capital (all series) , . 

Guaranty fund, . 

Surplus, . 

Forfeited share account, 


$125,637 00 

25,614 47 

1,150 00 

1,417 58 

66 77 




$153,885 82 


$153,885 82 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Receipts. 


Disbursements. 


From dues capital, 


$34,943 00 


For real estate loans, . 


$47,500 00 


interest, 


9,098 34 


share loans, . 


8,200 00 


premiums, . 


4 85 


dues capital withdrawn, 


31,735 00 


fines, .... 


526 62 


dues capital forfeited, . 


198 00 


transfer fees, 


2 00 


dues capital retired, 


3,444 00 


real estate loans repaid, 


44,300 00 


profits capital withdrawn, 


6,889 32 


real estate loans elimi- 




profits capital forfeited, 


21 63 


nated by foreclosure, 


3,600 00 


profits capital retired, . 


1,137 08 


share loans repaid, 


7,600 00 


temporary expenses, 


567 29 


withdrawal profits, 


416 31 


forfeited shares, 


24 40 


forfeiture profits, 


14 47 


interest on retired shares, 


56 61 


forfeited shares, . 


50 35 


Cash on hand Oct. 30, 1897, 


5,644 03 


Cash on hand Oct. 31, 1896, . 


4,861 42 








$105,417 36 


$105,417 36 



No. 8.] SAVINGS BANK COMMISSIONERS. 



211 



Total Amount of Loans at Specified Rates of Interest. 



Loans on Real Estate. 


Loans on Shares. 


Amount. 


Rate. 


Amount. 


Rate. 


Amount. 


Rate. 


$138,600 00 
200 00 


6.00 per cent. 
6.30 " 


- 


- 


$8,200 00 
100 00 


6 00 per cent. 
7.20 " 



Reconciliation of Share Account with Dues and Profits Capital. 






Date of 


oo 


u 

2.® 


P o 


s 






Issue. 


"C 


3-G 


cSfc, 


o 








M 


> 


02 


H 






Feb., 1887, . 


1 


$183 05 


46 


$8,420 30 


Dues capital, as per gen- 




Aug , 1887, . 


2 


171 70 


33 


5,666 10 


eral ledger, 


$125,637 00 


Feb., 1888,. 


3 


160 66 


43 


6,908 38 


Profits capital, as per 




Aug., 1888, . 


4 


149 93 


19 


2,848 67 


general ledger, . 


25,614 47 


Feb., 1889, . 


5 


139 47 


40 


5,578 80 


Unpaid dues, 


1,335 00 


May, 1889, . 


6 


134 32 


40 


5,372 80 






Nov., 1889, . 


7 


124 30 


75 


9,322 50 






May, 1890, . 


8 


114 56 


58 


6,644 48 






Nov., 1890, . 


9 


105 14 


93 


9,778 02 






May, 1891, . 


10 


95 98 


86 


8,254 28 






Nov., 1891, . 


11 


87 14 


131 


11,415 34 






May, 1892,. 


12 


78 56 


96 


7,541 76 






Nov., 1892, . 


13 


70 24 


138 


9,693 12 






May, 1893, . 


14 


62 16 


90 


5,594 40 






Nov., 1893, . 


15 


54 36 


144 


7,827 84 






May, 1894, . 


16 


46 81 


172 


8,051 32 






Nov., 1894, . 


17 


39 50 


213 


8,413 50 






May, 1895, . 


18 


32 41 


177 


5,736 57 






Nov., 1895, . 


19 


25 54 


336 


8,581 44 






May, 1896, . 


20 


18 87 


303 


6,717 61 






Nov., 1896, . 


21 


12 39 


296 


3,667 44 






May, 1897, . 


22 


6 10 


248 


1,512 80 
39 00 


Total, 




Dues paid in 


adva 


nee, . 


• 




Total, 


$152,586 47 

1 


$152,586 47 



6. 
6. 



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 per centum of interest received during the year 
Lowest per centum of interest received 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, 

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 28. 



. 571 
2,877 

. 961 

. 25 

. 644 

. 20 

. 26 



65 
401 
128 
273 
137 

42 



1897, 



$5,000 00 
50 00 
567 29 



212 



REPORT OF THE 



[Pub. Doc. 



STOUGHTON CO-OPERATIVE BANK — STOUGHTON. 



Incorporated March 23, 1886. Commenced business April 10, 1886. 
Henri L. Johnson, President. Henry W. Britton, Secretary and Treasurer. 



Names of security committee : 
Richard B. Ward, George F. Walker, 

CHRI8TOPHER FARRELL. 



Regular meetings the second Saturday of each month. 



Balance Sheet October 30, 1897. 



Assets. 


Liabilities. 


Loans on real estate, 


$162,425 00 


Dues capital, 


$138,891 00 


Loans on shares, . 


5,475 00 


Profits capital (all series), . 


29,931 37 


Temporary expense account, 


9 50 


Interest, .... 


678 30 


Real estate by foreclosure, . 


2,160 09 


Premiums, .... 


61 85 


Personal account, 


213 40 


Fines 


3 89 


Cash in hands of treasurer, . 


5,140 44 


Transfer fees, 


75 






Withdrawal profits, 


92 72 






Guaranty fund, . 


2,588 87 






Surplus, .... 


2,082 62 






Forfeited share account, 


19 74 






Due borrowers, . 


1,000 00 






Personal accounts, 


72 32 




$175,423 43 


$175,423 43 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Receipts. 


Disbursements. 


From dues capital, 


$36,042 00 


For real estate loans, . 


$36,950 00 


interest, 


10,418 59 


share loans, . 


4,515 00 


premiums, 


645 20 


dues capital withdrawn, 


22,289 00 


fines, .... 


699 09 


dues capital forfeited, . 


1,215 00 


transfer fees, 


3 75 


dues capital retired, 


3,930 00 


real estate loans repaid, 


21,550 00 


dues capital matured, . 


6,566 00 


real estate loans elimi- 




profits capital withdrawn, 


4,159 72 


nated by foreclosure, 


7,850 00 


profits capital forfeited, . 


186 49 


real estate loans elimi- 




profits capital retired, . 


1,743 00 


nated by maturity of 




profits capital matured, 


3,088 80 


shares, 


2,300 00 


temporary expenses, 


703 88 


share loans repaid, 


8,250 00 


forfeited shares, 


122 55 


withdrawal profits, 


583 22 


due borrowers' account, 


1,500 00 


forfeited shares, . 


815 67 


real estate foreclosed, . 


8,974 98 


due borrowers' account, 


1,000 00 


Cash on hand Oct. 30, 1897, 


5,140 44 


rent, .... 


6 00 






real estate by foreclos- 








ure 


10,354 96 






Cash on hand Oct. 31, 1896, . 


566 38 








$101,084 86 


$101,084 86 



No. 8.] SAVINGS BANK COMMISSIONERS. 



213 



Total Amount oj Loans at Specified Bates of Interest. 



Loans on Real Estate. 


Loans on Shakes. 


Amount. 


Rate. 


Amount. 


Rate. 


Amount. 


Rate. 


$400 00 

143,425 00 

8,300 00 

3,600 00 


6.00 per cent. 
6.30 «• 
6.60 " 
6.90 " 


$2,700 00 
1,300 00 
1,600 00 
1,100 00 


7.50 per cent. 
7.80 

8.10 " 
8.40 " 


$5,475 00 


6.30 per cent. 



Reconciliation of Share Account with Dues and Profits Capital. 







u 


c 


d 






Date of 


09 




"S 


s 






Issue. 


'u 


■502 




O 








GO 


> 


oo 


H 






Mar., 1887, . 


2 


$181 51 


46 


$8,349 46 


Dues capital, as per gen- 




Mar., 1888, . 


3 


158 85 


98 


15,567 30 


eral ledger, 


$138,891 00 


Mar., 1889, . 


4 


137 56 


119 


16,369 64 


Profits capital, as per 




Sept., 1889, . 


5 


127 42 


58 


7,390 36 


general ledger, . 


29,931 37 


Mar , 1890, . 


6 


117 59 


107 


12,582 13 


Unpaid dues, 


1,304 00 


Sept., 1890,. 


7 


108 04 


133 


14,369 32 






Mar., 1891, . 


8 


98 81 


124 


12,252 44 






Sept., 1891, . 


9 


89 86 


105 


9,435 30 






Mar., 1892, . 


10 


81 18 


144 


11,689 92 






Sept., 1892, . 


11 


72 79 


140 


10,190 60 






Mar., 1893, . 


12 


64 66 


203 


13,125 98 






Sept., 1893, . 


13 


56 78 


70 


3,974 60 






Mar., 1894, . 


14 


49 14 


127 


6,240 78 






Sept., 1894, . 
Mar., 1895, . 


15 


41 76 


130 


5,428 80 






16 


34 59 


141 


4,877 19 






Sept., 1895, . 


17 


27 65 


268 


7,410 20 






Mar., 1896, . 


18 


20 93 


210 


4,395 30 






Sept., 1896, . 


19 


14 42 


186 


2,682 12 






Mar., 1897, . 


20 


8 11 


363 


2,943 93 






Sept., 1897, . 


21 


2 00 


364 


728*00 
123 00 


Total, 




Dues paid in 
Total, 


adva 


nee, . 


• 




$170,126 37 


$170,126 37 






Number of shares issued during the year, 867 

Number of shares now in force, 3,136 

Number of shares now borrowed upon 973 

Largest number of shares held by any one member 25 

Number of shares withdrawn during the year 683 

Number of shares forfeited during the year, 50 

Number of shares retired during the year, 30 

Number of shares matured during the year, 48 

Highest premium received during the year, . 
Lowest premium received 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 
Number of loans on shares, .... 

Largest loan to any one member, 3,000 00 

Smallest loan to any one member, 25 00 

Amount of expenses of the corporation for the year ending Oct. 31, 1897, . 753 88 

Date of examination by commissioner : March 25. 



estate, 



106 
451 
213 
238 
177 
36 



$0 05 
05 



2U 



REPOKT OF THE 



[Pub. Doc. 



SUFFOLK CO-OPERATIVE BANK — BOSTON. 



Chazles 



'-.'-'. :'-i" :'::--'■■: i Dec. II. 1555. Commenced "business Jan. 1, 1SS5. 

A. Fottee. P Charles J. Page, Secretary and Treasurer. 



Names of security committee: 
Alei-.ei Fjstep., Wm. C. Ckaig. 



l\i^:\'.:-.: ni; 



each month. 



Balance Sheet Octobee oO. 1S1'7 



Aa-STS 


Liabilities. 


Loans on real estate. 

Loans on shares, . 

Real estate by foreclosure, . 

Unpaid interest, . 

Unpaid premiums, 

Unpaid fines, 

Cash in hands of treasurer, . 


$37.2-34 64 
6,150 00 

3 fi: -:i 

r": If 

120 14 

i: 47 


Dues capital. 

Profits capital (all series), . 
Guaraaty fund. . 
Snrplus, .... 

Forfelte! share account. 
Unknown accouot. 


$39,811 DO 

9.55" H 
275 DO 

202 65 

153 64 

4 00 




$.:■: 114 .. 


$50,014 23 



Lit::i'.i:I >t<~±tir,\i-;; - _.;;■;:_ \ " _ .-;: r anient? for the Year ending 

31. IS 97. 









D:s3T"zi£:^>-ts. 




Fr:r: 


iu:-s :ari:.al. 


$::.-:-::■ :i 


For real estate loans, . 


$13,651 00 




interest, 


1/11 s> 


si are loans, . 


0.735 CO 




: "'.;i!L", 


■-": -4 


dues capital withdrawn, 


5.0: 1 0''J 




~"^ = . 


i- 7> 


dues capital forfeited. . 


7_7 DO 




state ans repaid 


9,925 00 


dues capital matured. . 


Q-r'; hi 




real estate loans elimi- 




profits capital withdrawn, 


1.340 IS 




nated by foreclosure 


5.500 00 


profits capital forfeits 


12- 60 




real estate bv for e 




profits capital matured, 


41 x 9 1 




ure, . 


. 22 91 


temporary expenses, 


.11 63 




share loans repaid, 


2,260 00 || 


interest on matured 






ilrawal profits. 


301 86 


shares, 


10 oe 




forfeited shares, . 


57 47 


surplus 


29 75 




profits, . 


- 11 


real estate bv foreclosure, 


6,044 "7 




pins, 


1 00 


Cash on hand Oct. 30, 1897, . 


2,038 34 


Cash 


on hand Oct. 31, 1896, 


:._: : 53 








$35,498 - 


$35,495 09 






No. 8.] SAVINGS BANK COMMISSIONERS. 



215 



Total Amount of Loans at Specified Rates of Interest. 



Loans on Real Estate. 


Loans on Shares. 


Amount. 


Rate. 


Amount. 


Rate. 


Amount. 


Rate. 


$3,095 00 

1,500 00 

700 00 


6.00 per cent. 
6.30 " 
6,60 


$2,050 00 

2,300 00 

27,589 64 


6.90 per cent. 
7.20 " 
7.50 " 


$6,150 00 


7.50 per cent. 



Reconciliation of Share Account with Dues and Profits Capital. 



Date of 


OS 


H 

ft)., 


a . 


a 






Issue. 


"u 


3 M 


_g&H 










CO 


> 


CO 


H 






Jan., 1887, . 


3 


$188 00 


8 


$1,504 00 


Dues capital, as per gen- 




July, 1887, . 


4 


176 21 


14 


2,466 94 


eral ledger, . 


$39,811 00 


Jan., 1888, . 


5 


164 78 


17 


2,801 26 


Profits capital, as per 




July, 1888, . 


6 


153 69 


32 


4,918 08 


general ledger, . 


9,557 94 


Nov., 1888, . 


7 


146 56 


3 


439 68 


Unpaid dues, . 


740 00 


May, 1889,. 


8 


136 07 


17 


2,313 19 


Suspense profits, . 


1 08 


Nov., 1889,. 


9 


125 97 


27 


3,401 19 






May, 1890,. 


10 


116 28 


18 


2,093 04 






Nov., 1890, . 


11 


106 77 


32 


3,416 64 






May, 1891,. 


12 


97 61 


14 


1,366 54 






Nov., 1891, . 


13 


88 67 


50 


4,433 50 






May, 1892,. 


14 


79 95 


81 


6,475 95 






Nov., 1892, . 


15 


71 48 


17 


1,215 16 






May, 1893, . 


16 


63 26 


9 


569 34 






May, 1894,. 


18 


47 55 


53 


2,520 15 






Nov., 1894, . 


19 


40 05 


53 


2,122 65 






May, 1895,. 


20 


32 81 


110 


3,609 10 






Nov., 1895, . 


21 


25 80 


32 


825 60 






May, 1896,. 


22 


19 01 


69 


1,311 69 






Nov., 1896, . 


23 


12 45 


116 


1,444 20 






May, 1897,. 


24 


6 12 


126 


771 12 

91 00 
$50,110 02 


Total, 




Dues paid in 


adva 


nee, . 


• 




Total, 


$50,110 02 



Number of shares issued during the year, 297 

Number of shares now in force, 898 

Number of shares now borrowed upon, 318 

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, 38 

Number of shares matured during the year, . . . . . .7 

Highest premium received during the year, $0 25 

Lowest premium received during the year, 05 

Number of members withdrawn during the year, 24 

Present number of members, 148 

Present number of borrowers, 46 

Present number of non-borrowers, 102 

Number of loans secured by first mortgage of real estate, ... 42 

Number of loans on shares, 24 

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, 1897, . 419 63 

Date of examination by commissioner : February 18. 



216 



REPORT OF THE 



[Pub. Doc. 



TAUNTON CO-OPERATIVE BANK — TAUNTON. 



Incorporated March 2, 1880. Commenced business March 17, 1880. 
Henry W. Colby, President. H. 0. Morse, Secretary. 

George E. Dean, Treasurer. 



Names of security committee: 

Daniel Carey, Thomas Baker, 

Herbert N. Pierce. 



Regular meetings the first Tuesday after fifteenth of each month. 



Balance Sheet October 30, 1897. 



Assets. 


Liabilities. 


Loans on real estate, 


$296,000 00 


Dues capital, 


$266,811 00 


Loans on shares, . 


9,850 00 


Profits capital (al 


I series), . 


38,306 79 


Permanent expense account, . 


232 61 


Interest, 




f 9,884 27 


Temporary expense account, 


614 42 


Premiums, . 




Unpaid interest, 


2,642 79 


Fines, . 




I 239 48 


Unpaid premiums, 


139 05 


Transfer fees, 




Unpaid fines, .... 


199 63 


Guaranty fund, . 




1,903 64 


Cash in hands of treasurer, . 


8,915 70 


Surplus, 




3 42 






Forfeited share account, 


133 94 






Matured share account, 


1,311 66 




$318,594 20 






$318,594 20 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct 31, 1897. 



Receipts. 


Disbursements. 


From dues capital, 


$77,012 00 


For real estate loans, . 


$101,250 00 


interest, 


J 18,478 33 


share loans, . 


10,350 00 


premiums, . 


dues capital withdrawn, 


29,525 00 


fines, .... 


I 439 94 


dues capital retired, 


23,278 00 


transfer fees, 


dues capital matured, . 


2,294 00 


real estate loans repaid, 


76,450 00 


profits capital withdrawn, 


4,549 23 


share loans repaid, 


9,150 00 


profits capital retired, . 


4,541 60 


real estate loans elimi- 




profits capital matured, 


1,111 46 


nated by maturity of 




temporary expenses, 


1,258 04 


shares, 


2,000 00 


interest on retired shares, 


1,298 53 


matured share account, 


1,311 66 


Cash on hand Oct. 30, 1897, . 


8,915 70 


Cash on hand Oct. 31, 1896, . 


3,529 63 
$188,371 56 








$188,371 56 



No. 8.] SAVINGS BANK COMMISSIONEES. 



217 



Total Amount of Loans at Specified Rates of Interest. 



Loans on Real Estate. 


Loans on Shakes. 


Amount. 


Rate. 


Amount. 


Rate. 


Amount. 


Rate, 


$296,000 00 


6.30 per cent. 


- 


- 


$9,850 00 


6.30 per cent. 



Reconciliation of Share Account with Dues and Profits Capital. 



Date of 


CO 


u 




3 






Issue. 


'}■* 


3,H 


rt ° 


O 








GO 


> 


gq 


H 






May, 1886, . 


7 


$191 70 


24 


$4,600 80 


Dues capital, as per gen- 




May, 1887, . 


8 


169 44 


26 


4,405 44 


eral ledger, . 


$266,811 00 


May, 1888, . 


9 


148 40 


44 


6,529 60 


Profits capital, as per 




May, 1889, . 


10 


128 63 


149 


19,165 87 


general ledger, . 


38,306 79 


May, 1890, . 


11 


109 97 


350 


38,489 50 


Unpaid dues, . 


4,305 00 


May, 1891, . 


12 


92 42 


657 


60,719 94 






May, 1892, . 


13 


75 83 


420 


31,848 60 






May, 1893, . 


14 


60 19 


881 


53,027 39 






May, 1894, . 


15 


45 44 


754 


34,261 76 






May, 1895, . 


16 


31 52 


877 


27,643 04 






May, 1896, . 


17 


18 39 


1,115 


20,504 85 






May, 1897, . 


18 


6 00 


1,371 


8,226 00 


Total, 






• 


• 


• 




Total, 


$309,422 79 


$309,422 79 



Number of shares issued during the year, 1,500 

Number of shares now in force, 6,668 

Number of shares now borrowed upon, 2,035 

Largest number of shares held by any one member 25 

Number of shares withdrawn during the year, 828 

Number of shares retired during the year, 266 

Number of shares matured during the year 17 

Highest premium received during the year, $0 05 

Lowest premium received during the year, 05 

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 

Number of loans on shares, 

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, 1897, . 1,283 89 
Date of examination by commissioner: November 8. 



estate, 



89 
830 
249 
581 
226 

73 



218 



REPORT OF THE 



[Pub. Doc. 



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, John M. Young, 

Thomas D. Covell. 



Regular meetings the third Tuesday of each month. 



Balance Sheet October 30, 1897. 



Assets. 


Liabilities. 


Loans on real estate, 

Loans on shares, . 

Unpaid interest, 

Unpaid premiums, 

Unpaid fines, 

Cash in hands of treasurer, . 


$431,700 00 

15,950 00 

658 18 

12 33 

25 62 

15,541 88 


Dues capital, 

Profits capital (all series), . 
Guaranty fund, . 
Surplus, .... 
Forfeited share account, 
Advanced payments, . 
' Suspense account, 


§389,737 00 

65,192 26 

1,905 59 

6,254 88 

281 47 

506 08 

10 73 




.$463,888 01 


$463,8S8 01 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Receipts. 


Disbuesements. 


From dues capital, 


$128,969 00 


For real estate loans, . 


$203,150 00 


interest, 


25,660 21 


share loans, . 


13,550 00 


premiums, . 


233 72 


dues capital withdrawn, . 


64,300 00 


fines, .... 


492 66 


dues capital forfeited, . 


392 00 


real estate loans repaid, 


159,300 00 


dues capital retired, 


14,350 00 


share loans repaid, 


15,550 00 


dues capital matured, . 


8,643 00 


forfeited shares, . 


173 86 


profits capital withdrawn, 


9,457 82 


advance payments, 


1,825 74 


profits capital forfeited, . 


33 92 


profits, .... 


276 20 


profits capital retired, . 


4,192 70 


suspense account, 


86 58 


profits capital matured, 


3,794 15 


Cash on hand Oct. 31, 1896, . 


8,441 45 


temporary expenses, 


1,692 49 






interest on retired shares, 


276 20 






advance payments, 


1,559 41 






suspense account, . 


75 85 




$341,009 42 


Cash on hand Oct. 30, 1897, 


15,541 88 




$341,009 42 



No. 8.] SAVINGS BANK COMMISSIONERS. 219 

Total Amount of Loans at Specified Rates of Interest. 



Loans on Keal Estate. 


Loans on Shares. 


Amount. 


Rate. 


Amount. 


Rate. 


Amount. 


Rate. 


$14,200 00 
8,000 00 

392,850 00 
6,250 00 


5.80 per cent. 
5.90 

6.00 « 
6.42 " 


$7,500 00 
1,200 00 
1,700 00 


6 48 per cent. 
6.54 " 
6.96 V 


$500 00 
12,550 00 
f.00 00 
550 00 
100 00 
900 00 
850 00 


5 80 per cent. 

6.00 

6.25 

6.30 

6.36 

6.42 

6.50 " 



Reconciliation of Share Account with Dues and Profits Capital. 







CP . 


a 


6 






Date of 


CO 


a. - 


GO g 


s 
— "3 






Issue. 


XI 


"So; 




O 








GO 


> 


oo 


H 






April, 1886, . 


13 


$199 86 


31 


$6,195 66 


Dues capital, as per gen- 




Oct., 1886, . 


14 


188 02 


41 


7,708 82 


eral ledger, 


$389,737 00 


April, 1887, . 


15 


176 57 


40 


7,062 80 


Profits capital, as per 




Oct., 1887, . 


16 


165 45 


56 


9,265 20 


general ledger, . 


65,192 26 


April, 1888, . 


17 


154 65 


100 


15,465 00 


Unpaid dues, . 


1,137 00 


Oct., 1888. . 


18 


144 20 


104 


14,996 80 






April, 1889, . 


19 


134 07 


117 


15,686 19 




- 


Oct., 1889, . 


20 


124 19 


133 


16,517 27 






April, 1890, . 


21 


114 65 


170 


19,490 50 






Oct., 1890, . 


22 


105 40 


176 


18,550 40 






April, 1891, . 


23 


96 42 


292 


28,154 64 






Oct., 1891. . 


24 


87 70 


217 


19,030 90 






April, 1892, . 


25 


79 22 


454 


35,965 88 






Oct., 1892, . 


26 


71 00 


335 


23,785 00 






April. 1893, . 


27 


63 02 


470 


29,619 40 






Oct., 1893, . 


28 


55 26 


459 


25,364 34 






April, 1894, . 


29 


47 74 


667 


31,842 58 






Oct., 1894, . 


30 


40 46 


631 


25,530 26 






April, 1895, . 


31 


33 39 


775 


25,877 25 






Oct., 1895, . 


32 


26 52 


830 


22,011 60 






April, 1896, . 


33 


19 85 


1.353 


26,857 05 






Oct., 1896, . 


34 


13 38 


1,264 


16,912 32 






April, 1897, . 


35 


7 10 


1,834 


13,021 40 






Oct., 1897, . 


36 


1 00 


1,155 


1,155 00 


Total, 






• 


• 


• 




Total, 


$456,066 26 


$456,066 26 






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 per centum of interest received during the year 

Lowest per centum of interest received during the year 



3,353 
11,704 

2,867 
. 25 

1,971 
. 24 
. 145 
. 62 



: 6 1-2. 
5 8-10. 



220 REPORT OF THE [Pub. Doc. 

Number of members withdrawn during the year, 260 

Present number of members, 1,621 

Present number of borrowers, 274 

Present number of non-borrowers 1,347 

Number of loans secured by first mortgage of real estate, . . . 235 

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, 1897, . 1,692 49 
Date of examination by commissioner : July 26. 






No. 8.] SAVINGS BANK COMMISSIONERS. 



221 



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 : 
James A. Cook, John A. Reed, 

M. J. Gillespie, I. W. Derby. 



Regular meetings the third Wednesday of each month. 



Balance Sheet October 30, 1897. 



Assets. 


Liabilities. 


Loans on real estate, 


$274,610 00 


Dues capital, 


$257,857 00 


Loans on shares, . 


11,300 00 


Profits capital (all series), . 


49,172 15 


Temporary expense account, 


211 04 


Interest, .... 


379 27 


Real estate by foreclosure, . 


5,960 73 


Premiums, . 




10 95 


Unpaid fines, .... 


26 05 


Withdrawal profits, 




286 50 


Office furniture, 


421 63 


Guaranty fund, . 




1,253 00 


Mortgages, .... 


1,989 90 


Surplus, 




735 16 


Personal accounts, 


6,304 34 


Forfeited share accounl 




216 14 


Cash in hands of secretary, . 


570 37 


Retired shares, 




516 99 


Cash in hands of treasurer, . 


9,045 60 


Security committee, 




12 50 




$310,439 66 






$310,439 66 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Receipts. 


Disbursements. 


From dues capital, 


$77,258 00 


For real estate loans, . 


$83,575 00 


interest, 


17,506 55 


share loans, . 


9,650 00 


premiums, . 


264 30 


dues capital withdrawn, 


29,011 00 


fines, .... 


592 51 


dues capital forfeited, . 


2,184 00 


transfer fees, 


3 25 


dues capital retired, 


17,328 00 


real estate loans repaid, 


49,740 00 


profits capital withdrawn, 


4,002 89 


real estate loans elimi- 




profits capital forfeited, 


535 77 


nated by foreclosure, 


7,800 00 


profits capital retired, . 


4,470 58 


share loans repaid, 


4,800 00 


temporary expenses, 


1,736 89 


withdrawal profits, 


1,218 37 


forfeited shares, 


372 68 


forfeited shares, . 


446 66 


interest, .... 


71 15 


real estate sold, . 


12,276 50 


mortgages foreclosed, . 


6,146 82 


retired shares, 


19,533 39 


retired shares, 


19,016 40 


insurance premiums, . 


51 00 


insurance premiums, 


122 25 


rent 


117 62 


taxes 


346 75 


profits, .... 


3 24 


repairs, real estate, 


391 58 


persona] accounts, 


296 00 


deeds, etc., 


46 13 


temporary expenses, . 


3 75 


advertising real estate, . 


47 26 


office furniture, . 


22 50 


furniture (office), . 


444 13 


Cash on hand Oct. 31, 1896, . 


3,781 55 


mortgage, 


2,000 00 






2 estates in exchange, . 


2,735 54 






personal account, . 


896 30 






cash error, 


3 04 


- 




commission, . 


142 50 






interest on estates, 


442 18 






surplus (real estate ac- 








count), 


380 38 






Cash on hand Oct. 30, 1897, 


9,615 97 




$195,715 19 


$195,715 19 



222 



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. 


$3,000 00 
205,260 00 
19,550 00 
20,500 00 
2,350 00 
12,100 00 


5.00 per cent. 
6.00 " 
6.25 " 
6.30 " 
6.50 " 
6.60 " 


$5,850 00 

3,800 00 

1,200 00 

400 00 

600 00 


6.90 per cent. 
7.00 " 
7.20 " 
7.25 

7.75 


$9,200 00 

1,050 00 

350 00 

200 00 

450 00 

50 00 


6.00 per cent. 

6 25 " 

6.50 

7.00 " 

7.25 

7.50 " 



Reconciliation of Share Accou?it with Dues and Profits Capital. 







i- 


r- 












« . 




<u 






Date of 


co 




gs 


3 






Issue. 


'E 


5.C 

> 


OQ 


%> 






Jan., 1888, . 


1 


$162 00 


136 


$22,032 00 


Dues capital, as per gen- 




July, 1888, . 


2 


150 99 


143 


21,591 57 


eral ledger, . 


$257,857 00 


Jan., 1889, . 


3 


140 40 


112 


15,724 80 


Profits capital, as per 




July, 1889,. 


4 


130 09 


190 


24,717 10 


general ledger, . 


49,172 15 


Jan., 1890, . 


5 


120 20 


139 


16,707 80 


Unpaid dues, 


2,040 00 


July, 1890,. 


6 


110 60 


121 


13,382 60 


Suspense profits, . 


86 


Jan., 1891, . 


7 


101 35 


162 


16,418 70 






July, 1891,. 


8 


92 33 


111 


10,248 63 






Jan., 1892, . 


9 


83 62 


257 


21,490 34 






July, 1892, . 


10 


75 24 


192 


14,446 08 






Jan., 1893, . 


11 


67 07 


310 


20,791 70 






April, 1893, . 


12 


63 10 


123 


7,761 30 






July, 1893,. 


13 


59 19 


75 


4,439 25 






Oct., 1893,. 


14 


55 33 


67 


3,707 11 






Jan., 1894, . 


15 


51 54 


194 


9,998 76 






April, 1894, . 


16 


47 81 


123 


5,880 63 






July, 1894, . 


17 


44 13 


115 


5,074 95 






Oct., 1894, . 


18 


40 51 


155 


6,279 05 






Jan., 1895, . 


19 


36 94 


357 


13,187 58 






April. 1895, . 


20 


33 42 


287 


9,591 54 






July, 1895, . 


21 


29 96 


219 


6,561 24 






Oct., 1895, . 


22 


26 55 


230 


6.106 50 






Jan., 1896,. 


23 


23 19 


269 


6,238 11 






April, 1896, . 


24 


19 88 


374 


7,435 12 






July, 1896,. 


25 


16 62 


216 


3,589 92 






Oct., 1896, . 


26 


13 40 


258 


3,457 20 






Jan., 1897,. 


27 


10 23 


526 


5,380 98 






April, 1897, . 


28 


7 11 


473 


3,363 03 






July, 1897,. 


29 


4 03 


514 


2,071 42 






Oct., 1897,. 


30 


1 00 


602 


602 00 
793 00 


Total, 




Dues paid in 


adva 


nee, . 


• 




Total, 


$309,070 01 


$309,070 01 



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, 



2,512 
7,050 
1,766 
. 25 
1,224 



No. 8.] SAVINGS BANK COMMISSIONERS. 223 

Number of shares forfeited during the year, . . . . . .47 

Number of shares retired during the year, 171 

Highest per centum of interest received during the year, 1\. 
Lowest per centum of interest received during the year : 6. 

Number of members withdrawn during the year, 147 

Present number of members, . 844 

Present number of borrowers, . 161 

Present number of non-borrowers, 683 

Number of loans secured by first mortgage of real estate, . . . 151 

Number of loans on shares, 46 

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, 1897, . 1,733 14 
Date of examination by commissioner: February 23. 






224 



REPORT OF THE 



[Pub. Doc. 



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, Everett W. Eaton, 

Roger Howard, Oliver "Walton, 

John Lemman. 



Regular meetings the first Saturday of each month. 



Balance Sheet October 30, 1897. 



Assets. 


Liabilities. 


Loans on real estate, 
Loans on shares, . 
Permanent expense account, 
Unpaid interest, . 
Unpaid premiums, 
Unpaid fines, 
Cash in hands of treasurer, . 


$180,825 00 

5,050 00 

25 00 

1,167 00 

87 20 

122 94 

1,903 95 


Dues capital, 

Profits capital (all series), . 
Guaranty fund, . 
Surplus, .... 


$155,579 00 

31,328 65 

550 00 

1,723 44 




$189,181 09 


$189,181 09 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Receipts. 


Disbursements. 


From dues capital, 

interest, 

premiums, . 

fines, , 

transfer fees, 

real estate loans repaid, 

share loans repaid, 

withdrawal profits, 
Cash on hand Oct. 31, 1896, . 


$47,846 00 

10,989 63 

706 34 

324 60 

8 00 

36,375 00 

5,500 00 

192 52 

261 93 


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. 30, 1897, 


$34,350 00 

5,800 00 

10,800 00 

37,673 00 

775 31 

9,503 00 

723 43 

675 33 

1,903 95 




$102,204 02 


$102,204 02 



No. 8.] SAVINGS BANK COMMISSIONERS. 



225 



Total Amount of Loans at Specified Bates of Interest. 





Loans on Real Estate. 




Loans on Shares. 


.Amount. 


Bate. 


Amount. 


Rate. 


Amount. 


Rate. 


$152,225 00 
14,300 00 
10,800 00 


6.30 percent. 
6.60 " 
6.90 " 


$2,300 00 
1,200 00 


7.20 percent. 
7.50 " 


$5,050 00 


6.30 percent. 



Reconciliation of Share Account with Dues and Profits Capital. 



Date of 


CO 


(4 

CD 

P. CD 
CD £} 


c 

to <D 
0) O 


CD 
3 




> 


Issue. 




SS 


a o 


03 »> 








en 


-53 CO 


J2f>4 


o 








w 


> 


cc 


H 






Mar., 1887, . 


1 


$184 58 


72 


$13,289 76 


Dues capital, as per gen- 




May, 1887, . 


2 


180 58 


5 


902 90 


eral ledger, 


$155,579 00 


Nov , 1887, . 


3 


168 85 


36 


6,078 60 


Profits capital, as per 




May, 1888, . 


4 


157 42 


83 


13,065 86 


general ledger, . 


31,328 65 


Nov., 1888, . 


5 


146 31 


36 


5,267 16 


Unpaid dues, 


1,502 00 


May, 1889,. 


6 


135 72 


38 


5,157 36 






Nov., 1889, . 


7 


125 38 


60 


7,522 80 






May, 1890, . 


8 


115 39 


55 


6,346 45 






Nov., 1890, . 


9 


105 78 


69 


7,298 82 






May, 1891,. 


10 


96 49 


117 


11,289 33 






Nov., 1891, . 


11 


87 50 


104 


9,100 00 






May, 1892, . 


12 


78 81 


144 


11,348 64 






Nov., 1892, . 


13 


70 42 


128 


9,013 76 






May, 1893, . 


14 


62 28 


126 


7,847 28 






Nov., 1893, . 


15 


54 45 


312 


16,988 40 






May, 1894,. 


16 


46 88 


357 


16,736 16 






Nov., 1894, . 


17 


39 55 


260 


10,283 00 






May, 1895,. 


18 


32 43 


295 


9,566 85 






Nov., 1895, . 


19 


25 53 


245 


6,254 85 






May, 1896, . 


20 


18 85 


421 


7,935 85 






Nov., 1896, . 


21 


12 38 


319 


3,949 22 






May, 1897,. 


22 


6 10 


516 


3,147 60 
19 00 


Total, . . 




Dues paid in 


adva 


nee, . 


■ . 




Total, 


$188,309 65 


$188,309 65 



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 per centum of interest received during the year : 6 3-10. 

Lowest per centum of interest received during the year : 6 3-10. 

Number of members withdrawn during the year, . 

Present number of members, 564 

Present number of borrowers, 163 

Present number of non-borrowers, 401 

Number of loans secured by first mortgage of real estate, . . .173 

Number of loans on shares, 25 

Largest loan to any one member, 

Smallest loan to any one member, 

Amount of expenses of the corporation for the year ending Oct. 31, 1897, . 
Date of examination by commissioner : April 16. 



, 934 

3,798 

1,028 

25 

592 

478 



123 



$5,000 00 

50 00 

768 43 



22Q 



EEPORT OF THE 



[Pub. Doc. 



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 : 

Ed-ward P. Smith, Charles L. Bailey, 

M. T. Connelly. 



Regular meetings the third Thursday of each month. 



Balance Sheet October 30, 1897. 



Assets. 



Loans on real estate, 

Loans on shares, . 

Real estate by foreclosure, 

Unpaid interest, . 

Unpaid premiums, 

Unpaid fines, 

Cash in hands of treasurer, 



$597,350 00 
15,200 00 
32,588 45 
10,311 75 
243 60 
956 58 
36,718 94 



$693,369 32 



Liabilities. 



Dues capital, 

Profits capital (all series), 

Interest, 

Premiums, . 

Fines, . 

Transfer fees, 

Guaranty fund, 

Surplus, 

Unpaid bills, 



§555,587 00 

117,977 61 

3,446 00 

138 17 

240 40 

2 50 

8,300 00 

7,351 11 

326 53 



$693,369 32 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31,1897. 



Receipts. 


Disbursements. 


From dues capital, 


$144,410 00 


For real estate loans, . 


$112,750 00 


interest, 


35,366 26 


share loans, . 


9,500 00 


premiums, . 


1,715 12 


dues capital withdrawn, 


79,911 00 


fines, .... 


2,113 82 


dues capital forfeited, . 


1,674 00 


transfer fees, 


8 00 


dues capital retired. 


41,631 00 


real estate loans repaid, 


106,850 00 


profits capital withdrawn, 


14,703 68 


real estate loans elimi- 




profits capital forfeited, 


84 37 


nated by foreclosure, 


16,995 90 


profits capital retired, . 


17,143 38 


real estate loans elimi- 




temporary expenses, 


3,629 63 


nated by maturity of 




interest on retired shares, 


104 25 


shares, 


10,150 00 


expenses on real estate, . 


5,932 75 


share loans repaid, 


7,000 00 


real estate under foreclos- 




withdrawal profits, 


852 96 i 


ure, .... 


17,560 90 


forfeiture profits, 


20 41 


Cash on hand Oct. 30, 1897, 


36,718 94 


rents and expenses of 








real estate, 


2,401 39 






real estate by foreclos- 








ure, .... 


6.568 23 






Cash on hand Oct. 31, 1896, . 


6,891 81 








$341,343 90 




$341,343 90 



No. 8.] SAVINGS BANK COMMISSIONERS. 



227 



Total Amount of Loans at Specified Rates of Interest, 






Loans on Real Estate. 


Loans on Shares. 


Amount. 


Rate. 


Amount. 


Rate. 


Amount. 


Rate. 


$394,650 00 


6.00 per cent. 


$14,450 00 


6.60 per cent. 


$12,550 00 


6.00 per cent. 


25,950 00 


6.10 " 


1,200 00 


6.70 " 


1,550 00 


6.10 


18,300 00 


6.20 " 


95,400 00 


6 90 " 


50 00 


6.30 " 


17,000 00 


6.30 " 


9,950 00 


7.20 " 


950 00 


6.60 " 


6,250 00 


6.40 " 


11,300 00 


7.50 « 


100 00 


6.90 " 


2,900 00 


6.50 " 










Reconciliation of Share Account with Dues and Profits Cajrital. 


Date of 


co 


V 08 


a, u 


a) 

3 

rt 3 




Issue. 




««2 










05 


> 


co 


EH 




Oct., 1886,. 


13 


$193 54 


114 


$22,063 56 


Dues capital, as per gen- 




April, 1887, . 


14 


181 28 


93 


16,859 04 


eral ledger, . 


$555,587 00 


Oct, 1887,. 


15 


169 47 


120 


20,336 40 


Profits capital, as per 




April, 1888, . 


16 


158 08 


133 


21,024 64 


general ledger, . 


117,977 61 


Oct., 1888, . 


17 


147 02 


159 


23,376 18 


Unpaid dues, . 


14,475 00 


April, 18S9, . 


18 


136 38 


203 


27,685 14 






Oct., 1889, . 


19 


126 07 


243 


30,635 01 






Jan., 1890, . 


20 


121 06 


124 


15,011 44 






April, 1890, . 


21 


116 10 


172 


19,969 20 






July, 1890, . 


22 


111 24 


273 


30,368 52 






Oct., 1890, . 


23 


106 49 


332 


35,354 68 






Jan.. 1891, . 


24 


101 82 


229 


23,316 78 






April, 1891, . 


25 


97 23 


271 


26,349 33 


- 




July, 1891, . 


26 


92 71 


247 


22,899 37 






Oct., 1891, . 


27 


88 26 


371 


32,744 46 






Jan., 1892,. 


28 


83 91 


272 


22,823 52 






April, 1892, . 


29 


79 58 


313 


24,908 54 






July, 1892, . 


30 


75 38 


333 


25,101 54 






Oct*., 1892, . 


31 


71 20 


227 


16,162 40 






Jan., 1893, . 


32 


67 13 


282 


18,930 66 






April, 1893, . 


33 


63 12 


519 


32,759 28 






July, 1893, . 


34 


59 18 


268 


15,860 24 






Oct., 1893, . 


35 


55 31 


189 


10,453 59 






Jan., 1894, . 


36 


51 49 


256 


13,181 44 






April, 1894, . 


37 


47 77 


338 


16,146 26 






July, 1894, . 


38 


44 09 


200 


8,818 00 






Oct., 1894, . 


39 


40 47 


495 


20,032 65 






Jan., 1895, . 


40 


36 90 


328 


12,103 20 






April, 1895, . 


41 


33 39 


353 


11,786 67 






July, 1895, . 


42 


29 93 


362 


10,834 66 






Oct., 1895, . 


43 


26 52 


555 


14,718 60 






Jan., 1896, . 


44 


23 16 


453 


10,491 48 






April, 1896, . 


45 


19 85 


599 


11,890 15 






July, 1896, . 


46 


16 59 


317 


5,259 03 






Oct., 1896, . 


47 


13 38 


403 


5,392 14 






Jan., 1897, . 


48 


10 22 


510 


5,212 20 


■ 




April, 1897, . 


49 


7 10 


566 


4,018 60 






July, 1897, . 


50 


4 03 


367 


1,479 01 






Oct., 1897, . 


51 


1 00 


766 


766 00 
916 00 






Dues paid in advance, . 




Total, 


• 


• 


• 


$688,039 61 


Total 


• • 


• 


$688,039 61 



228 REPORT OF THE [Pub. Doc. 

Number of shares issued during the year, 2,444 

Number of shares now in force, 12,355 

Number of shares now borrowed upon, 3,635 

Largest number of shares held by any one member, .... 25 
Number of shares withdrawn during the year, .... 1,983 

Number of shares forfeited during the year 86 

Number of shares retired during the year, 333 

Highest per centum of interest received during the year : 6. 
Lowest per centum of interest received during the year : 6. 

Number of members withdrawn during the year, 328 

Present number of members, 1,787 

Present number of borrowers, 501 

Present number of non-borrowers, ....... 1,286 

Number of loans secured by first mortgage of real estate, . . . 433 

Number of loans on shares, 68 

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, 1897, . 3,629 63 
Date of examination by commissioner : April 8. 



No. 8.] SAVINGS BANK COMMISSIONERS. 



229 



WATERTOWN CO-OPERATIVE BANK - 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, Samuel S. Gleason, 

Horace W. Otis. 



Regular meetings the fourth Thursday of each month. 



Balance Sheet October 30, 1897. 



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, . 


$214,356 50 

5,330 00 

269 07 

997 83 

70 35 

127 30 

100 00 

8,963 97 


Dues capital, 

Profits capital (all series), . 
Interest, .... 
Premiums, .... 

Fines, 

Transfer fees, 
Withdrawal profits, 
Guaranty fund, . 
Surplus, .... 


$190,761 00 

30,475 90 

5,636 72 

410 85 

186 77 

50 

124 17 

742 86 

1,876 25 




$230,215 02 


$230,215 02 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 






Receipts. 


Disbursements. 


From dues capital, 

interest, 

premiums, . 

fines, .... 

transfer fees, 

real estate loans repaid, 

share loans repaid, 

withdrawal profits, 
Cash on hand Oct. 31, 1896, . 


$56,769 00 

13,240 30 

1,028 10 

424 57 

3 75 

50,877 50 

6,740 00 

288 02 

6,425 21 


For real estate loans, . 
share loans, . 
dues capital withdrawn, 
dues capital retired, 
profits capital withdrawn, 
profits capital retired, . 
temporary expenses, 

Cash on hand Oct. 30, 1897, 


$57,450 00 
6,410 00 
21,336 00 
30,467 00 
1,136 00 
8,550 96 
1,482 52 
8,963 97 




$135,796 45 


$135,796 45 



230 



REPORT OF THE 



[Pub. Doc. 



Total Amount of Loans at Specified Rates of Interest. 



Loans on Real Estate. 



Amount. 



Rate. 



$161,601 50 6.30 per cent. 

35,47-5 00 6.60 " 

10,180 00 j 6.90 " 

3,100 00 ; 7.20 " 



Amount. 



Rate. 



53,400 00 
600 00 



7.50 per cent. 
8.70 



Loans on Shakes. 



Amount. 


Hate. 


$290 00 

3,690 00 

1,050 00 

300 00 


6.30 per cent. 
6 60 « 
7.20 » 
7.80 " 



Reconciliation of Share Account with Dues and Profits Capital. 



Date of 

Issue. 



June, 1888, 
Dec, 1888, 
June, 1889, 
Dec, 1889, 
June, 1890, 
Dec, 1890, 
June, 1891, 
Dec, 1891, 
June, 1892, 
Dec , 189.2, 
June, 1893, 
Dec, 1893, 
June, 1894, 
Dec, 1894, 
June, 1895, 
Dec, 1895, 
June, 1896, 
Dec, 1896, 
June, 1897, 



> 



1 

2 

3 

4 

5 

6 

7 

8 

9 

10 

11 

12 

13 

14 

15 

16 

17 

18 

19 



$148 27 

138 13 

128 27 

118 68 

109 40 

100 39 

91 64 

83 15 

74 94 

66 97 

59 24 

51 74 

44 46 

37 39 

30 52 

23 85 

17 38 

11 10 

5 00 






Dues paid in advance, . 
Total, . 



112 
108 

60 

94 
225 

98 
210 
229 

90 
130 
171 
323 
246 
318 
312 
413 
325 
618 
478 



$16,606 24 

14,918 04 

7,696 20 

11,155 92 

24.615 00 

9,838 22 

19,244 40 

19,041 35 

6,744 60 

8,706 10 

10,130 04 

16,712 02 

10.937 16 

11,890 02 

9.522 24 

9,850 05 

5,648 50 

6,859 80 

2,390 00 



256 00 



$222,761 90 



Dues capital, as per gen- 
eral ledger, 

Profits capital, as per 
ceneral ledger, . 

Unpaid dues, 



Total, 



$190,761 00 

30,475 90 
1,525 00 



$222,761 90 



Number of shares issued during the year, 1,219 

Number of shares now in force, 4,560 

Number of shares now borrowed upon, 1,330 

Largest number of shares held by any one member, . . . .25 

Number of shares withdrawn during the year, 706 

Number of shares retired during the year 463 

Highest per centum of interest received during the year : 8.7. 
Lowest per centum of interest received during the year : 6.3. 

Number of members withdrawn during the year, 80 

Present number of members, 471 

Present number of borrowers, 133 

Present number of non-borrowers, 338 

Number of loans secured by first mortgage of real estate, . . . 107 

Number of loans on shares, 26 

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, 1897, • 1,482 52 
Date of examination by commissioner : January 8. 



No. 8.] SAVINGS BANK COMMISSIONERS. 231 



WAVERLEY CO-OPERATIVE BANK — BELMONT. 



Incorporated April 4, 1896. Commenced business April 13, 1896. 

Edw. O. Hatch, President. U. S. Young, Secretary. 

0. M. Dennett, Treasurer. 



Names of security committee : 

John P. Bradbury, Thomas W. Davis, 

Isaac H. Locke. 



fRegular meetings the second Monday of each month. 



Balance Sheet October 30, 1897. 



Assets. 



Loans on real estate, 

Permanent expense account 

Temporary expense account 

Unpaid interest, 

Unpaid premiums, 

Unpaid fines, . 

Cash in hands of treasurer, 



$14,400 00 

180 00 

16 24 

20 00 

1 00 

7 96 

1,366 73 



$15,991 93 



Liabilities. 



Dues capital, 

Profits capital (all series), 

Interest, 

Premiums, . 

Fines, . 

Iransfer fees, 

Withdrawal profits, 

Guaranty fund, . 

Surplus, 



15,312 00 

548 40 

74 47 

2 05, 

5 05 

25 

4 65 

9 40 

35 66 



$15,991 93 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Receipts. 


Disbursements. • 


From dues capital, 

interest, 

premiums, . 

fines, .... 

transfer fees, 

real estate loans repaid, 

withdrawal profits, 
Cash on hand Oct. 31, 1896, . 


$12,503 00 

607 36 

16 80 

37 78 

1 25 

200 00 

12 28 

11 69 


For real estate loans, . 

dues capital withdrawn, 
profits capital withdrawn, 
temporary expenses, 
permanent expenses, 
suspense account, . 

Cash on hand Oct. 30, 1897, . 


$10,000 00 

1,907 00 

48 79 

36 52 

8 00 

23 12 

1,366 73 




$13,390 16 


$13,390 16 



232 



EEPORT OF THE 



[Pub. Doc. 



Total Amount of Loans at Specified Rates of Interest. 



Loans on Real Estate. 


Loans on Shakes. 


Amount. 


Bate. 


Amount. 


Bate. 


Amount. 


Bate. 


$6,400 00 
8,000 00 


6.00 per cent. 
6.30 " 


- 


- 


- 


- 



Reconciliation of Share Account with Dues and Profits Capital. 



Date of 

Issue. 





I* 


a 


9 


XI 


2 * 


05 O 

<x> ■- 


■-i* 


*c 




O 


m 


> 


QD 


H 



April, 1896, . 


1 


$19 85 


Oct., 1896,. 


2 


13 38 


April, 1897, . 


3 


7 10 


Oct., 1897, . 


4 


1 00 



506 
225 
328 
323 



Dues paid in advance, . 
Total, . 



10,044 10 

3,010 50 

2,328 80 

323 00 



320 00 



$16,026 40 



Dnes capital, as per gen- 
eral ledger, 

Profits capital, as per 
general ledger, . 

Unpaid dues, 



Total, 



$15,312 00 

548 40 
166 00 



$16,026 40 



Number of shares issued during the year, 737 

Number of shares now in force, 1,382 

Number of shares now borrowed upon, 75 

Largest number of shares held by any one member, .... 25 

Number of shares withdrawn during the year, 213 

Highest per centum of interest received during the year : 6.3. 
Lowest per centum of interest received during the year : 6. 

Number of members withdrawn daring the year, 46 

Present number of members, 230 

Present number of borrowers, 11 

Present number of non-borrowers, 19 

Number of loans secured by first mortgage of real estate, ... 11 

Largest loan to any one member, $3,400 00 

Smallest loan to any one member, 200 00 

Amount of expenses of the corporation for the year ending Oct. 31, 1897, . 54 52 

Date of examination by commissioner : December 19. 



No. 8.] SAVINGS BANK COMMISSIONERS. 



233 



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 : 

Lours E. Pattison, Moses Moreau, 

John J. Love. 



Regular meetings the second Thursday of each month. 



Balance Sheet October 30, 1897. 



Assets. 


Liabilities. 


Loans on real estate, 
Loans on shares, . 
Temporary expense account, 
Unpaid interest, . 
Unpaid premiums, 
Unpaid fines, 
Cash in hands of treasurer, . 


$60,125 00 

1,570 00 

98 04 

89 18 

4 83 

6 44 

1,624 46 


Dues capital, 

Profits capital (all series), . 
Interest, .... 
Premiums, . . 
Fines, . . . 
Withdrawal profits, 
Guaranty fund, . 
Surplus, .... 


$53,157 00 

8,312 66 

960 84 

49 34 

11 27 

117 85 

530 00 

378 99 


• 


$63,517 95 


$63,517 95 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Receipts. 


Disbursements. 


From dues capital, 
interest, 
premiums, . 
tines, .... 
real estate loans repaid, 
share loans repaid, 
withdrawal profits, 

Cash on hand Oct. 31, 1896, . 


$15,724 00 

3,373 05 

177 86 

41 50 

6,050 00 

1,885 00 

262 09 

878 58 


For real estate loans, . 
share loans, . 
dues capital withdrawn, 
profits capital withdrawn, 
temporary expenses, 

Cash on hand Oct. 30, 1897, 


$16,098 00 
1,650 00 
7,641 00 
1,061 23 
317 39 
1,624 46 




$28,392 08 


$28,392 08 



234 



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. 


|58,325 00 6 30 per cent. 


$1,800 00 


6.60 per cent. 


$1,570 00 


6.30 per cent. 



Reconciliation of Share Account with Dues and Profits Capital. 




Number of shares issued during the year, 390 

Number of shares now in force, 1,370 

Number of shares now borrowed upon, 377 

Largest number of shares held by any one member, . . . .25 

Number of shares withdrawn during the year, 231 

Highest per centum of interest received during the year: 6.30. 
Lowest per centum of interest received during the year : 6.30. 

Number of members withdrawn during the year, 16 

Present number of members, 222 

Present number of borrowers, 61 

Present number of non-borrowers, 161 

Number of loans secured by first mortgage of real estate, ... 60 

Number of loans on shares, 12 

Largest loan to any one member, $4,000 00 

Smallest loan to any one member, 20 00 

Amount of expenses of the corporation for the year ending Oct. 31, 1897, . 317 39 

Date of examination by commissioner : June 8. 



No. 8.] SAVINGS BANK COMMISSIONERS. 



235 



WEIR CO-OPERATIVE BANK— TAUNTON. 



Incorporated July 11, 1884. Commenced business July 16, 1884. 
William F. Bodfish, President. Albert H. Tetlow, Secretary. 

T. Preston Burt, Treasurer. 



Names of security committee : 

Chas. H. Paull, John A. Crane, 

Horatio H. Hall. 



Regular meetings the sixteenth day of each month. 



Balance Sheet October 30, 1897, 



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, . 





$182,250 00 

7,050 00 

197 07 

1,007 62 

720 00 

36 52 

90 48 

6,462 17 


$197,813 86 



Liabilities. 



Dues capital, 

Profits capital (all series), 

Interest, 

Premiums, . 

Fines, . 

Transfer fees, 

Guaranty fund, 

Surplus, 

Advance payments, 



$159,847 00 

30,127 17 

3,793 50 

197 50 

104 76 

50 

1,110 00 

2,613 43 

20 00 



$197,813 86 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Receipts. 


Disbursements. 


From dues capital, 


1 
$40,511 00 


For real estate loans, . 


$45,650 00 


interest, 


11,520 88 


share loans, . 


5,150 00 


premiums, . . 


689 87 1 


dues capital withdrawn, 


19,245 00 


fines, . . ... 


300 04 J 


dues capital forfeited, . 


258 00 


transfer fees, 


2 75 


dues capital retired, 


22,099 00 


real estate loans repaid , 


46,750 00 


dues capital matured, . 


1,278 00 


real estate loans elimi- 




profits capital withdrawn, 


3,404 85 


nated by foreclosure, 


2,800 00 


profits capital forfeited, 


31 66 


real estate loans elimi- 




profits capital retired, . 


7,266 69 


nated by maturity of 




profits capital matured, 


530 37 


shares, 


1,800 00 


temporary expenses, 


480 81 


real estate by foreclos- 




interest on retired shares, 


162 60 


ure 


3,293 21 


. interest on matured 




share loans repaid, 


6,550 00 


shares, 


35 82 


advance payments, 


203 27 


real estate by foreclos- 




Cash on hand Oct. 31, 1896, . 


1,010 13 


ure, .... 


3,276 18 






Cash on hand Oct. 30, 1897, 


6,462 17 




$115,331 15 


$115,331 15 



236 



REPORT OF THE 



[Pub. Doc. 



Total Amount of Loans at Specified Rates of Interest. 



Loans on Real Estate. 


Loans on Shabes. 


Amount. 


Rate. 


Amount. 


Rate. 


Amount. 


Rate. 


$182,250 00 


6.30 per cent. 


- 


- 


$7,050 00 


6.30 per cent. 



Reconciliation of Share Account with Dues and Profits Capital. 







*H 


c 


09 






Date of 


00 


ft© 
® as 


00 O 


a 






Issue. 




m£ 


cS O 


S3 J> 










03 02 


•&Z* 


o 








CQ 


> 


as 


&H 






Jan., 1887,. 


6 


$178 22 


3 


$534 66 


Dues capital, as per gen- 




July 


, 1887,. 


7 


167 30 


94 


15,726 20 


eral ledger, . 


$159,847 00 


Jan. 


, 1888,. 


8 


156 67 


107 


16,763 69 


Profits capital, as per 




July, 


1888, . 


9 


146 42 


115 


16,838 30 


general ledger, . 


30,127 17 


Jan. 


1889, . 


10 


136 39 


22 


3,000 58 


Unpaid dues, 


695 00 


July 


1889, . 


11 


126 70 


99 


12,543 30 






Jan. 


1890, . 


12 


117 28 


26 


3,049 28 






July 


, 1890,. 


13 


108 09 


112 


12,106 08 






Jan., 


1891, . 


14 


99 26 


229 


22,730 54 






July 


1891, . 


15 


90 65 


81 


7,342 65 






Jan. 


1892, . 


16 


82 17 


43 


3,533 31 






July 


, 1892, , 


17 


73 97 


40 


2,958 80 






Jan. 


1893, . 


18 


66 00 


124 


8,184 00 






July 


, 1893, . 


19 


58 26 


77 


4,486 02 






Jan. 


1894, . 


20 


50 75 


407 


20.655 25 






July 


, 1894, . 


21 


43 46 


308 


13,385 68 






Jan. 


1895, . 


22 


36 39 


193 


7,023 27 






July 


, 1895, . 


23 


29 52 


170 


5,018 40 






Jan. 


1896, . 


24 


22 85 


314 


7,174 90 






July 


1896, . 


25 


16 38 


282 


4,619 16 






Jan. 


1897, . 


26 


10 10 


211 


2,131 10 






July 


, 1897, . 


27 


4 00 


216 


864 00 


Total, 








• 


• 




Total, 


$190,669 17 


$190,669 17 



Number of shares issued during the year, 439 

Number of shares now in force, . . . . . . . 3,273 

Number of shares now borrowed upon, 1,150 

Largest number of shares held by any one member, . . . .25 

Number of shares withdrawn during the year, 454 

Number of shares forfeited during the year, 14 

Number of shares retired during the year, 195 

Number of shares matured during the year, . . . . . .9 

Highest per centum of interest received during the year: 6.30. 
Lowest per centum of interest received during the year : 6.30. 

Number of members withdrawn during the year, 45 

Present number of members, 436 

Present number of borrowers, 172 

Present number of non-borrowers 264 

Number of loans secured by first mortgage of real estate, . . . 150 

Number of loans on shares, 26 

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, 1897, . 480 81 

Date of examination by commissioner: April 20. 



No. 8.] SAVINGS BANK COMMISSIONERS. 



237 



WESTFIELD CO-OPERATIVE BANK — WESTFIELD. 



Incorporated Dec. 13, 1881. Commenced business Dec. 19, 1881. 
Sumner B. Campbell, President. Olin C. Towle, Secretary and Treasurer. 



Names of security committee : 

Augustus W. Holton, Edwin D. Avery, 

Lewellyn Gludwin, Jr. 



Regular meetings the third Monday of each month. 



Balance Sheet October 30, 1897. 



Assets* 






Loans on real estate, 
Loans on shares, . 
Permanent expense account, 
Temporary expense account, 
Real estate by foreclosure, . 
Unpaid interest, 
Suspense account, . 
Cash in hands of treasurer, . 



$160,282 57 

10,168 33 

80 35 

481 92 

3,696 39 

4,522 40 

87 38 

3,734 42 



$183,053 76 



Liabilities. 



Dues capital, 

Profits capital (all series), 

Interest, 

Fines, . 

Withdrawal profits, 

Guaranty fund, . 

Surplus, 

Forfeited share account, 

Matured share account. 



$146,766 96 

26,103 99 

3,610 58 

50 29 

39 04 

1,810 11 

101 95 

2,047 56 

2,523 28 



$183,053 76 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Receipts. 


Disbursements. 


From dues capital, 


$43,606 49 


For real estate loans, . 


$40,350 00 


interest, 


10,392 97 


share loans, . 


4,847 00 


fines, .... 


133 21 


dues capital withdrawn, 


34,133 49 


real estate loans repaid, 


37,198 10 


dues capital matured, . 


11,981 36 


real estate loans elimi- 




profits capital withdrawn, 


4,685 46 


nated by foreclosure, 


4,450 00 


profits capital matured, 


5,069 50 


real estate loans elimi- 




temporary expenses, 


723 98 


nated by maturity of 




permanent expenses, 


80 35 


shares, 


3,900 00 


forfeited shares, . 


171 55 


share loans repaid, 


10,781 00 


interest on retired shares, 


384 78 


withdrawal profits, 


106 14 


suspense account, . 


356 95 


matured share account, 


17,050 86 


matured share account, 


18,385 22 


Cash on hand Oct. 31, 1896, . 


981 68 


real estate by foreclosure, 


3,696 39 






Cash on hand Oct. 30, 1897, 


3,734 42 




$128,600 45 


$128,600 45 






238 



REPORT OF THE 



[Pub. Doc. 



Total Amount of Loans at Specified Bates of Interest. 





Loans on 


Real Estate. 




Loans on Shares. 


Amount. 


Bate. 




Amount. 


Rate. 


Amoant. Rate. 


$160,282 57 


6 per cent. 




- 


- 


$10,168 33 6 per cent. 



Reconciliation of Share Account with Dues and Profits Capital. 



Date op 


r. 


p. - 
o — 


— o 
g a 


a 






Issue. 




S3 


S^ 


*> 








SC 


> 


m 








Dec. 1885, . 


8 


8196 49 


14 


$2,750 86 


Dues capital, as per gen- 




June, 18S6, . 


9 


185 41 


2 


370 82 


eral ledger, . 


3146,766 96 


Dec, 1886, . 


10 


174 59 


99 


17.2S4 41 


Profits capital, as per 




June, 1837, . 


11 


164 16 


20 


3,283 20 


general ledger, . 


26,103 99 


Dec, 1887, . 


12 


153 99 


107 


16,476 93 


Unpaid dues, . 


5,929 04 


June, 1S88, . 


13 


144 03 


39 


5,617 17 : 


Suspense profits, . 


11 00 


Dec, 1888, . 


14 


134 37 


97 


13,033 89 






June, l s 89, . 


15 


124 99 


55 


6,874 45 






Dec. 1889, . 


16 


115 87 


39 


4,518 93 






June, 1890, . 


17 


106 91 


44 


4,704 04 






Dec, 1890, . 


18 


98 23 


99 


9.724 77 






June, 1891, . 


19 


89 88 


119 


10,695 72 






Dec, 1891, . 


20 


81 68 


151 


12,333 68 






June, 1892, . 


21 


73 68 


118 


8,694 24 






Dec, 1892, . 


22 


65 97 


203 


13,391 91 






Jane, 1893, . 


23 


58 44 


86 


5,025 84 






Dec, 1893, . 


24 


51 13 


114 


5.828 82 






Jane, 1894, . 


25 


44 02 


148 


6.514 96 






Dec, 1894, . 


26 


37 09 


312 


11,572 08 






June, 1895, . 


27 


30 35 


122 


3.702 70 






Dec, 1895, . 


28 


23 79 


293 


6.970 47 






June, 1896, . 


29 


17 35 


216 


3,747 60 






Dec, 1896,. 


30 


11 10 


385 


4,273 50 






June, 1897, . 


31 


o 00 


284 


1,420 00 


Total, 






« 


• 


• 




Total, 


§178,810 99 


8178,810 99 



. 725 
3,166 
1,636 
. 25 
. 731 
91 



Nam ber 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 ot shares withdrawn during the year, 

Number of shares matured during the year, . 

Highest per centum of interest received during the year: 6. 

Lowest per centum of interest received during the year : 6. 

Number of members withdrawn during the year, 54 

Present number of members, 454 

Present number of borrowers, 257 

Present number of non-borrowers, 197 

Number of loans secured by first mortgage of real estate, . . . 147 

Number of loans on shares 110 

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, 1897, . 723 98 

Date of examination by commissioner : October 7. 



No. 8.] SAVINGS BANK COMMISSIONERS. 



239 



WEST NEWTON CO-OPERATIVE BANK — WEST 

NEWTON. 



Incorporated June 16, 1892. Commenced business June 22, 1892. 
Marcus Morton, President. Arthur Carroll, Secretary and Treasurer. 



Names of security committee : 

C. M. Whittlesey, Henry H. Hunt, 

J. H. Nickerson. 



Regular meetings the fourth Wednesday of each month. 



Balance Sheet October 30, 1897. 



Assets. 


Liabilities. 




Loans on real estate, 


$40,325 00 


Dues capital, 


$38,900 00 


Loans on shares, . 


690 00 


Profits capital (all series), . 


3,888 14 


Temporary expense account, 


42 86 


Interest, .... 


795 38 


Real estate by foreclosure, . 


1,932 19 


Premiums, .... 


54 23 


Cash in hands of treasurer, . 


1,471 35 


Fines, 


20 80 






Withdrawal profits, 


60 56 






Guaranty fund, . 


271 39 






Surplus 


380 97 






Forfeited share account, 


12 70 






Personal account, 


40 






Outstanding bills, temporary 








expense account, 


76 83 




$44,481 40 


$44,461 40 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31,1897. 



Receipts. 


Disbursements. 


From dues capital, 


$14,535 00 


For real estate loans, . 


$17,150 00 


interest, . . 


2,247 30 


share loans, . 


330 00 


premiums, . 


154 22 


dues capital withdrawn, 


7,205 00 


fines, .... 


116 55 


dues capital forfeited, . 


57 00 


real estate loans repaid, 


5,100 00 


profits capital withdrawn, 


619 72 


real estate loans elimi- 




profits capital forfeited, 


5 84 


nated by foreclosure, 


1,800 00 


temporary expenses, 


179 36 


share loans repaid, 


3,320 00 


forfeited shares, 


93 73 


withdrawal profits, . 


154 93 


real estate by foreclosure, 


1,932 19 


forfeiture profits, 


1 47 


personal account, 


1 14 


suspense account, 


76 83 


suspense account, . 


15 00 


Cash on hand Oct. 31, 1896, . 


1,554 03 


Cash on hand Oct. 30, 1897, . 


1,471 35 




$29,060 33 


$29,060 33 



240 



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. 


$33,725 00 
3,100 00 
2,900 00 


6.30 per cent. 
6.60 " 
6.90 " 


$200 00 
400 00 


7.20 per cent. 
7.50 " 


$690 00 


6.30 per cent. 



Reconciliation of Share Account with Dues and Profits Capital. 









a 












p,« 


OJ 








Date of 


OB 


0> OS 


<V tH 








Issue. 


~u 


3J5 

"3® 




© 








OQ 


> 


GO 


H 






June, 1892, . 


1 


$74 95 


158 


$11,842 10 


Dues capital, as per gen- 




Dec, 1892, . 


2 


66 99 


116 


7,770 84 


eral ledger, 


$38,900 00 


June, 1893, . 


3 


59 25 


42 


2,488 50 


Profits capital, as per 




Dec, 1893, . 


4 


51 74 


63 


3,259 62 


general ledger, . 


3,888 14 


June, 1894, . 


5 


44 46 


91 


4,045 86 


Unpaid dues, 


621 00 


Dec, 1894, . 


6 


37 39 


84 


3,140 76 






June, 1895, . 


7 


30 52 


82 


2,502 64 






Dec, 1895, . 


8 


23 85 


140 


3,339 00 






June, 1896, . 


9 


17 38 


139 


2,415 82 






Dec, 1896, . 


10 


11 10 


160 


1,776 00 






June, 1897, . 


11 


5 00 


157 


785 00 
43 00 


Total, 




Dues paid in 


adva 


nee, . 


i . 




Total, 


$43,409 14 


$43,409 14 



Number of shares issued during the year, 358 

Number of shares now in force, 1,232 

Number of shares now borrowed upon, 278 

Largest number of shares held by any one member, .... 25 
Number of shares withdrawn during the year, . . . . 344 

Number of shares forfeited during the year, 9 

Highest premium received during the year, $0 05 

Lowest premium received during the year, 05 

Number of members withdrawn during the year, 27 

Present number of members, . 166 

Present number of borrowers, 39 

Present number of non-borrowers, 127 

Number of loans secured by first mortgage of real estate, ... 32 

Number of loans on shares, 7 

Largest loan to any one member, 4,000 00 

Smallest loan to any one member, 10 00 

Amount of expenses of the corporation for the year ending Oct. 31, 1897, . 179 36 

Date of examination by commissioner : December 8. 



No. 8.] SAVINGS BANK COMMISSIONERS. 



241 



WEST ROXBURY 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, R. S. Barrows, 

Henry A. Wood. 



Regular meetings the first Thursday of each month. 



Balance Sheet October 30, 1897. 



Assets. 


Liabilities. 


Loans on real estate, 
Loans on shares, . 
Unpaid interest, . 
Unpaid fines. 
Cash in hands of treasurer, . 


$305,300 00 

39,750 00 

762 10 

87 74 

10,244 38 

$356,144 22 


Dues capital, 

Profits capital (all series), . 
Guaranty fund, . 
Surplus, .... 
Forfeited share account, 
Uncompleted mortgage loans, 


$286,676 00 

61,084 64 

2,364 40 

3,079 36 

39 82 

2,900 00 


, 


$356,144 22 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31 % 1897. 



RECEIPT8. 


Disbursements. 


From dues capital, 


$6«,983 00 


For real estate loans, . 


$64,495 26 


interest, 


20,181 74 


share loans, . 


28,300 00 


fines, . * . . 


640 54 


dues capital withdrawn, 


23,739 00 


transfer fees, 


5 50 


dues capital forfeited, . 


1*6 00 


real estate loans repaid, 


37,495 26 


dues capital retired, 


20,380 00 


real estate loans elimi- 




dues capital matured, . 


6,768 00 


nated by maturity of 




profits capital withdrawn, 


3,184 88 


shares, 


4,200 00 


profits capital forfeited, 


10 50 


share loans repaid, 


27,450 00 


profits capital retired, . 


6,346 28 


withdrawal profits, 


888 34 


profits capital matured, 


2,959 33 


forfeiture profits, . 


2 63 


temporary expenses, 


1,892 96 


Cash on hand Oct. 31, 1896, . 


9,027 19 


interest on retired shares, 


367 61 




$168,874 20 


Cash on hand Oct. 30, 1897, . 


10,244 38 




$168,874 20 



242 



REPORT OF THE 



[Pub. Doc. 



Total Amount of Loans at Specified Rates of Interest. 



Loans on Real Estate. 


Loans 


3N Shares. 


Amount. 


Rate. 


Amount. 


Rate. 


Amount. 


Rate. 


$400 00 

288,650 00 

7,400 00 

5,200 00 

400 00 


5.00 per cent. 
6.00 

6.25 " 
6.50 " 
6.90 " 


$1,200 00 

200 00 

1,400 00 

450 00 


7.00 per cent. 
7 20 

7.50 " 
8.50 « 


$39,750 00 


6 per cent. 



Reconciliation of Share Account with Dues and Profits Capital. 



Date of 


aj 


e per 
are. 


es in 
rce. 








Issue. 


'S 


3* 


<= rv. 


o3> 

'o 








DC 


> 


02 


Eh 






May, 1886, . 


11 


$197 49 


17 


$3,357 33 


Dues capital, as per gen- 




Nov., 1886, . 


12 


185 74 


98 


18,202 52 


eral ledger, 


$286,676 00 


May, 1887,. 


13 


174 31 


92 


16,036 52 


Profits capital, as per 




Nov., 18*7, • 


14 


163 26 


85 


13,877 10 


general ledger, . 


61,084 64 


May, 1888,. 


15 


152 51 


146 


22,266 46 


Unpaid dues, 


1,313 00 


Nov., 1888,. 


16 


142 12 


107 


15,206 84 






May, 1889, . 


17 


132 06 


128 


16,903 68 






Nov., 1889, . 


18 


122 34 


160 


19,574 40 






May, 1890, . 


19 


112 91 


215 


24,275 65 






Nov., 1890, . 


20 


103 76 


145 


15,045 20 






May, 1891,. 


21 


94 84 


182 


17,260 88 






Nov , 1891,. 


22 


86 22 


258 


22,244 76 


; 




May, 1892, . 


23 


77 82 


295 


22,956 90 


s 




Nov., 1892, . 


24 


69 67 


275 


19,159 25 






May, 1893, . 


25 


61 76 


276 


17,045 76 


.■ 




Nov., 1893, . 


26 


54 07 


292 


15,788 44 






May, 1894,. 


27 


46 59 


318 


14,815 62 






Nov., 1894, . 


28 


39 36 


386 


15,192 96 


■i 




May, 1895, . 


29 


32 33 


321 


10,377 93 






Nov, 1895,. 


30 


25 49 


434 


11,062 66 






May, 1896,. 


31 


18 86 


373 


7,034 78 


\ 




Nov., 1896, . 


32 


12 39 


580 


7,186 20 






May, 1897, . 


33 


10 


668 


4,074 80 
127 00 


Total, 




Dues paid in 


adva 


nee, . 

. * 


. 




Total, 


$349,073 64 


$349,073 64 



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, . 

Namber of shares retired during the year, 

Number of shares matured during the year, . 

Highest per centum of interest received during the year: 6. 

Lowest per centum of interest received during the year: 6. 



1,285 

5,851 

2,478 

25 

575 

19 

214 

48 






No. 8.] SAYINGS BANK COMMISSIONERS. 243 

Number of members withdrawn during the year, 92 

Present number of members, 670 

Present number of borrowers, 208 

Present number of non-borrowers, 462 

Number of loans secured by first mortgage of real estate, . . . 121 

Number of loans on shares, 87 

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, 1897, . 1,892 96 
Date of examination by commissioner ; May 27. 



244 



REPORT OF THE 



[Pub. Doc. 



WEST SOMERVILLE CO-OPERATIVE BANK 

VILLE. 



SOMER- 



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, 

C. L. Stevens. 



Regular meetings the third Monday of each month. 



Balance Sheet October 30, 1897. 



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, 
Cash in hands of treasurer, . 


$143,300 00 

12,450 00 

54 76 

63 00 

4,879 26 

445 75 

27 80 

70 41 

11,484 10 


Dues capital, 

Profits capital (all series), . 
Interest, .... 
Premiums, .... 
Fines, . . . . 
Withdrawal profits, 
Guaranty fund, . . . 
Surplus, .... 
Forfeited share account, 


$147,830 00 

23,242 33 

806 06 

26 85 
16 85 

27 52 
346 93 
430 54 

48 00 




$172,775 08 


$172,775 08 



Detailed Statement of Beceipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Receipts. 


Disbursements. 


From dues capital, 


$45,289 00 


For real estate loans, . 


$36,600 00 


interest, 


9,265 61 


share loans, . 


12,360 00 


premiums, . 


319 88 


dues capital withdrawn, 


32,025 00 


fines, .... 


188 39 


dues capital forfeited, . 


48 00 


transfer fees, 


9 35 


profits capital withdrawn, 


5,068 43 


real estate loans repaid, 


26,650 00 


profits capital forfeited, 


9 64 


share loans repaid, 


12,531 00 


temporary expenses, 


631 58 


withdrawal profits, . 


332 37 


forfeited shares, . 


18 00 


forfeited shares, . . 


48 00 


real estate by foreclosure, 


126 10 


rents, .... 


192 00 


surplus, .... 


10 00 


Cash on hand Oct. 31, 1896, . 


3,555 25 


Cash on hand Oct. 30, 1897, 


11,484 10 




$98,380 85 


$98,380 85 



No. 8.] SAYINGS BANK COMMISSIONERS. 



245 



Total Amount of Loans at Specified Rates of Interest. 



Loans on Real Estate. 


Loans on Shares. 


Amount. 


Kate. 


Amount. 


Rate. 


Amount. 


Rate. 


$65,150 00 

1,800 00 

59,450 00 


6.00 per cent. 
6.25 " 
6.30 " 


$11,900 00 
2,800 00 
2,200 00 


6.40 per cent. 

6.75 

6.90 " 


$10,430 00 

960 00 

120 00 

920 00 

20 00 


6.00 per cent. 
6.30 " 
6.60 '« 
6.90 » 
7.20 " 



Reconciliation of Share Account with Dues and Profits Capital. 



Date of 


GO 


u 

Oi S3 


c . 

— a) 


a; 

r-'eS 






Issue. 


'u 


■S«3 


5^ 

Si 


O 








OS 


>• 


CO 


H 






Dec, 1890,. 


1 


$102 52 


256 


$26,245 12 


Dues capital, as per gen- 




April, 1891, . 


2 


96 50 


268 


25,862 00 


eral ledger, 


$147,830 00 


Oct., 1891,. 


3 


87 77 


190 


16,676 30 


Profits capital, as per 




April, 1892, . 


4 


79 24 


286 


22,662 64 


general ledger, . 


23,242 33 


Oct., 1892, . 


5 


70 98 


177 


12,563 46 


Unpaid dues, 


977 00 


April, 1893, . 


6 


62 99 


192 


12,094 08 






Oct., 1893, . 


7 


55 23 


129 


7,124 67 






April, 1894, . 


8 


47 73 


177 


8,448 21 






Oct., 1894, . 


9 


40 46 


184 


7,444 64 






April, 1895, . 


10 


33 38 


325 


10,818 50 






Oct., 1895, . 


11 


26 51 


267 


7,078 17 






April, 1896, . 


12 


19 85 


408 


8,098 80 






Oct., 1896, . 


13 


13 38 


283 


3,786 54 






April, 1897, . 


14 


7 10 


392 


2,783 20 






Oct., 1897, . 


15 


1 00 


281 


281 00 
52 00 


Total, 




Dues paid in 


adva 


nee, . 






Total, 


$172,049 33 


$172,049 33 



Number of shares issued during the year, 1,012 

Number of shares now in force, 3,815 

Number of shares now borrowed upon, 1,103 

Largest number of shares held by any one member, .... 25 

Number of shares withdrawn during the year, 939 

Number of shares forfeited during the year, 13 

Highest per centum of interest received during the year : 6. 
Lowest per centum of interest received during the year : 6. 

Number of members withdrawn during the year, 91 

Present number of members, 417 

Present number of borrowers, 92 

Present number of non-borrowers, 325 

Number of loans secured by first mortgage of real estate, ... 61 

Number of loans on shares, 64 

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, 1897, . 665 88 

Date of examination by commissioner : February 4. 



246 



REPORT OF THE 



[Pub. Doc. 



WEST SPBINGFXELB CO-OPEKATXVE BANK -WEST 

SPRINGFIELD. 



Incorporated April 8, 1897. Commenced business May 12, 1897. 
Charles McKernon, President. Fred H. Sibley, Secretary. 

Henry E. Schmuck, Treasurer. 



Names of security committee s 

Allen A. "Wheat, Talcott A. Rogers, 

Henry C. Bliss. 



Regular meetings the second Wednesday of each month. 



Balance Sheet October 30, 1897. 



Assets. 



Loans on real estate, 
Loans on shares, . 
Permanent expense account, 
Cash in hands of secretary, . 
Cash in hands of treasurer, 




Liabilities. 



Dues capital, 

Profits capital (all series) , 

Guaranty fund, . 



52,175 00 

23 40 

37 



>,198 77 



Detailed Statement of Receipts and, Disbursements for the Year ending 

Oct. 31, 1897. 



Receipts. 


Disbursements. 


From dues capital, . . 
interest, 

fines, .... 
transfer fees, 


92,175 00 

29 43 
7 98 

60 

$2,212 91 


For real estate loans, . 
share loans, . 
temporary expenses, 
permanent expenses, 

Cash on hand Oct. 30, 1897, . 


$2,100 00 

35 00 

14 14 

58 70 

5 07 




$2,212 91 



No. 8.] SAYINGS BANK COMMISSIONERS. 



247 



Total Amount of Loans at Specified Bates of Interest. 



Loans on Real Estatb. 


Loans on Shares. 


Amount. 


Eate. 


Amount. 


Rate. 


Amount. 


Rate. 


$2,100 00 


6 per cent. 


- 


- 


$35 00 


6 per cent. 



Reconciliation of Share Account with Dues and Profits Capital. 



Date of 
Issue. 


en 

I* 

a> 
to 


u 

a. jj 

csto 
> 


c . 

""■ a> 

CO o 

£ ° 

03 r 

to 


03 

a 




May, 1897, . 


1 


$6 06 


390 


$2,363 40 


Dues capital, as per gen- 
eral ledger, . 

Profits capital, as per 
general ledger, . 

Unpaid dues, 

Total, 


$2,175 00 






. . 


fc # 


23 40 

165 00 


Total, 


$2,363 40 


$2,363 40 



Number of shares issued during the year, 390 

Number of shares now in force, 390 

Number of shares now borrowed upon, 23 

Largest number of shares held by any one member, .... 10 
Highest per centum of interest received during the year : 6. 
Lowest per centum of interest received during the year : 6. 

Present number of members, 110 

Present number of borrowers, 5 

Present number of non-borrowers, 105 

Number of loans secured by first mortgage of real estate, ... 3 

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, 1897, . 
Date of examination by commissioner : August 25. 



$800 00 
10 00 
14 14 



248 



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, Charles D. Nash, 

George D. Soule. 



Regular meetings the second Monday of each month. 



Balance Sheet October 30, 1897. 



Assets. 



Loans on real estate, 
Loans on shares, . 
Permanent expense account, 
Temporary expense account, 
Real estate by foreclosure, . 
Cash in bands of treasurer, . 



$91,950 00 

5,325 00 

288 44 

61 25 

7,042 82 

1,038 33 


$105,705 84 



Liabilities. 



Dues capital, 

Profits capital (all series), 

Interest, 

Premiums, . 

Fines, . 

"Withdrawal profits, 

Guaranty fund, . 

Surplus, 



$86,018 00 

17,350 75 

619 78 

45 60 

25 43 

80 21 

260 26 

1,305 81 



$105,705 84 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Receipts. 


Disbursements. 


From dues capital, 


$20,183 00 


For real estate loans, . 


$23,950 00 


interest, 


5,464 38 


share loans, . 


3,154 00 


premiums, . 


402 10 


dues capital withdrawn, 


9,243 00 


fines, .... 


232 78 


profits capital withdrawn, 


1,261 64 


transfer fees, 


1 00 


temporary expenses, 


357 43 


real estate loans repaid, 


12,000 00 


due borrowers account, 


2,300 00 


real estate loans elimi- 




real estate by foreclosure, 


7,165 95 


nated bv foreclosure, 


5,800 00 


Cash on hand Oct. 30, 1897, 


1,038 33 


share loans repaid, 


1,099 00 






withdrawal profits, 


316 50 






due borrowers account, 


2,200 00 






real estate by foreclos- 








ure, .... 


123 13 






Cash on hand Oct. 31, 1896, . 


648 46 








$48,470 35 


$48,470 35 



No. 8.] SAVINGS BANK COMMISSIONERS. 



249 



Total Amount of Loans at Specified Rates of Interest. 



Loans on Real Estate. 


Loans on Shares. 


Amount. 


Kate. 


Amount. 


Kate. 


Amount. 


Rate. 


$68,750 00 
15,550 00 


6.30 per cent. 
6.60 " 


$4,550 00 
3,100 00 


6.90 per cent. 
7.20 « 


$3,575 00 

1,100 00 

650 00 


6.30 per cent. 
6 60 " 
6.90 " 



Reconciliation of Share Account with Dues and Profits Capital. 



Date of 


GO 


s- 

&£ 

<L> C3 


a . 

GO O 


CO 






Issue. 


*U 


3,a 
««2 




o 








02 


> 


00 


H 






Mar , 1889, . 


1 


$136 06 


108 


$14,694 48 


Dues capital, as per gen- 




Sept., 1889, . 


2 


126 03 


83 


10,460 49 


eral ledger, 


$86,018 00 


Mar., 1890, . 


3 


116 37 


146 


16,990 02 


Profits capital, as per 




Sept., 1890, . 


4 


106 94 


84 


8,982 96 


general ledger, . 


17,350 75 


Mar., 1891,. 


5 


97 81 


111 


10,856 91 


Unpaid dues, . 


916 00 


Sept., 1891, . 


6 


88 94 


23 


2,045 62 






Mar., 1892,. 


7 


80 33 


56 


4,498 48 






Sept., 1892, . 


8 


72 01 


58 


4,176 68 






Mar., 1893, . 


9 


63 98 


142 


9,085 16 






Sept., 1893, . 


10 


56 23 


31 


1,743 13 






Mar., 1894, . 


11 


48 72 


77 


3,751 44 






Sept., 1894, . 


12 


41 44 


95 


3,936 80 






Mar., 1895, . 


13 


34 37 


131 


4,502 47 






Sept., 1895, . 


14 


27 51 


115 


3,163 65 






Mar., 1896, . 


15 


20 85 


124 


2,585 40 






Sept., 1896, . 


16 


14 38 


77 


1,107 26 






Mar., 1897, . 


17 


8 10 


179 


1,449 90 






Sept., 1897, . 


18 


2 00 


122 


244 00 
10 00 


Total, 




Dues paid in 


adva 


nee, . 

• • 


• 




Total, 


$104,284 75 


$104,284 75 



Number of shares issued during the year, 334 

Number of shares now in force, 1,762 

Number of shares now borrowed upon, 593 

Largest number of shares held by any one member, . . .25 

Number of shares withdrawn during the year, 291 

Number of shares forfeited during the year, 29 

Highest premium received during the year, $0 20 

Lowest premium received during the year, . 05 

Number of members withdrawn during the year 63 

Present number of members, . . 279 

Present number of borrowers, ........ 109 

Present number of non-borrowers, 170 

Number of loans secured by first mortgage of real estate, ... 90 

Number of loans on shares, 31 

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, 1897, . 387 43 

Date of examination by commissioner : March 18. 



250 



KEPOKT OF THE 



[Pub. Doc. 



WINCHENDOK" 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, Benj. M. Wright, 

John Sweetser. 



Regular meetings the third Wednesday of each month. 



Balance Sheet October 30, 1897. 



Assets. 


Liabilities. 


Loans on real estate, 


$51,850 00 


Dues capital, 


$46,311 00 


Loans on shares, . 


1,710 00 


Profits capital (all series) , . 


6,849 43 


Permanent expense account, 


25 00 


Interest, .... 


509 18 


Temporary expense account, 


7 20 


Premiums, .... 


5 40 


Cash in hands of treasurer, . 


510 19 


Fines 


2 27 






Transfer fees, 


2 50 






Withdrawal profits, 


18 96 






Guaranty fund, . 


221 54 






Surplus, .... 


180 95 






Forfeited share account, 


1 16 




$54,102 39 


$54,102 39 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Receipts. 


Disbursements. 


From dues capital, 


$13,357 00 


For real estate loans, . . 


$14,400 00 


interest, 


3,067 57 


share loans, . 


2,281 00 


premiums, . 


32 40 


dues capital withdrawn, 


3,807 00 


fines, .... 


73 55 


dues capital retired, 


2,877 00 


transfer fees, 


4 00 


profits capital withdrawn, 


496 80 


real estate loans repaid, 


6,090 00 


profits capital retired, . 


582 00 


share loans repaid, 


2,276 00 


temporary expenses, 


105 52 


withdrawal profits, 


49 67 


forfeited shares, . 


3 16 


temporary loan, . 


500 00 


temporary loan, . 


500 00 


Cash on hand Oct. 31, 1896, . 


114 23 


interest paid, 


1 75 




_____ 

$25,564 42 


Cash on hand Oct. 30, 1897, 


510 19 




$25,564 42 



No. 8.] SAVINGS BANK COMMISSIONERS. 



251 



Total Amount of Loans at Specified Rates of Interest. 





Loans on 


Real Estate. 




Loans on Shares. 


Amount. 


Rate. 


Amount. 


Rate. 


Amount. 


Rate. 


$47,450 00 
3,700 00 


6.00 per cent. 
6.60 " 


$700 00 


7.20 per cent. 


$1,710 00 


6.00 per cent. 



Reconciliation of Share Account with Dues and Profits Capital. 



Date of 


CO 


u 
p.® 


a 2 


S 






Issue. 


f* 


5-d 


5,° 


£> 








X 


> 


(B 


H 






Sept., 1891, . 


1 


$88 55 


252 


$22,314 60 


Dues capital, as per gen- 




Mar., 1892, . 


2 


80 11 


113 


9,052 43 


eral ledger, 


$46,311 00 


Sept., 1892, . 


3 


71 92 


33 


2,373 36 


Profits capital, as per 




Mar., 1893, . 


4 


63 97 


52 


3,326 44 


general ledger, . 


6,849 43 


Sept., 1893, . 


5 


56 24 


36 


2,024 64 


Unpaid dues, 


99 00 


Mar., 1894, . 


6 


48 74 


42 


2,047 08 






Sept., 1894, . 


7 


41 46 


51 


2,114 46 






Mar., 1895, . 


8 


34 39 


65 


2,235 35 






Sept., 1895, . 


9 


27 52 


139 


3,825 28 






Mar., 1896, . 


10 


20 85 


83 


1,730 55 






Sept., 1896, . 


11 


14 38 


58 


834 04 






Mar., 1897, . 


12 


8 10 


132 


1,069 20 






Sept., 1897, . 


13 


2 00 


127 


254 00 
58 00 


Total, 




Dues paid in 


adva 


nee, . 


• 




Total, 


$53,259 43 


$53,259 43 



Number of shares issued during the year, 267 

Number of shares now in force, 1,183 

Number of shares now borrowed upon, 331 

Largest number of shares held by any one member, .... 25 

Number of shares withdrawn during the year, 117 

Number of shares retired during the year, . . . . .40 

Highest per centum of interest received during the year : 6. 
Lowest per centum of interest received during the year : 6. 

Number of members withdrawn during the year, 26 

Present number of members, . 231 

Present number of borrowers, 65 

Present number of non-borrowers, 166 

Number of loans secured by first mortgage of real estate, ... 62 

Number of loans on shares, .15 

Largest loan to any one member, $2,100 00 

Smallest loan to any one member, 10 00 

Amount of expenses of the corporation for the year ending Oct. 31, 1897, . 125 52 

Date of examination by commissioner : May 27. 



252 



REPORT OF THE 



[Pub. Doc. 



WINCHESTER CO-OPERATIVE BANK — WINCHESTER. 



Incorporated Nov. 13, 1893. Commenced business Nov. 13, 1893. 
L. C. Patteb, President. T. B. Cotter, Secretary and Treasurer. 



Names of security committee : 

N. T. Appolonio, Samuel S. Stmmes, 

F. J. O'Hara. 



Regular meetings the first Monday of each month. 



Balance Sheet October 30, 1897. 



Assets. 


Liabilities. 


Loans on real estate, 
Loans on shares, . 
Permanent expense account, 
Unpaid interest, . 
Cash in hands of treasurer, . 


$62,750 00 

2,830 00 

325 00 

375 00 

227 98 


Dues capital, 

Profits capital (all series), . 
Guaranty fund, . 
Surplus, . ... 
Profit and loss, 


$60,169 00 

5,959 36 

110 00 

200 00 

69 62 




$66,507 98 


$66,507 98 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Receipts. 


DlSBUBSEHENTS. 


From dues capital, 


$26,068 00 


For real estate loans, . 


$37,900 00 


interest, 


3,237 17 


share loans, . 


2,575 00 


premiums, . 


162 90 


dues capital withdrawn, 


12,436 00 


tines, .... 


218 04 


profits capital withdrawn, 


1,029 74 


transfer fees, 


50 


temporary expenses, 


439 05 


real estate loans repaid, 


12,280 00 


collateral loans, 


22,000 00 


share loans repaid, 


1,985 00 


Cash on hand Oct. 30, 1897, 


227 98 


withdrawal profits, 


257 60 






collateral loans, . 


32,000 00 






Cash on hand Oct. 31, 1896, . 


398 56 








$76,607 77 


$76,607 77 



No. 8.] SAYINGS BANK COMMISSIONERS. 



253 



Total Amount of Loans at Specified Bates of Interest. 



Loans on Real Estate. 


Loans on Shares. 


Amount. 


Rate. 


Amount. 


Rate. 


Amount. 


Rate. 


$62,150 00 


6.30 per cent. 


$600 00 


6.60 per cent. 


$2,830 00 


6.30 per cent. 



Reconciliation of Share Account with Dues and Profits Capital. 



Date of 


30 




s . 


d 

3 

— Is 






Issue. 


'C 




«&< 


oJ>. 
O 








O0 


> 


co 


H 






Nov., 1893, . 


1 


$54 24 


546 


$29,615 04 


Dues capital, as per gen- 




May, 1894,. 


2 


46 74 


212 


9,908 88 


eral ledger, 


$60,169 00 


Nov., 1894, . 


3 


39 46 


114 


4,498 44 


Profits capital, as per 




May, 1895, . 


4 


32 39 


171 


5,538 69 


general ledger, . 


5,959 36 


Nov., 1895, . 


5 


25 52 


203 


5,180 56 


Unpaid dues, . 


628 00 


May, 1896,. 


6 


18 85 


365 


6,880 25 






Nov., 1896, . 


7 


12 38 


245 


3,033 10 






May, 1897, . 


8 


6 10 


324 


1,976 40 
125 00 


Total, . 




Dues paid in 


adva 


nee, . 


. 




Total, 


$66,756 36 


$66,756 36 



Number of shares issued during the year, 604 

Number of shares now in force, 2,180 

Number of shares now borrowed upon, ....... 427 

Largest number of shares held by any one member, .... 25 

Number of shares withdrawn during the year, 450 

Highest premium received during the year, $0 05 

Lowest premium received during the year, 05 

Number of members withdrawn during the year, 46 

Present number of members, 271 

Present number of borrowers, 46 

Present number of non-borrowers, 225 

Number of loans secured by first mortgage of real estate, ... 38 

Number of loans on shares, 16 

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, 1897, . 499 05 

Date of examination by commissioner: October 1. 



254 



REPOET OF THE 



[Pub. Doc. 



WOBURN CO-OPERATIVE BANK — WOBUKN". 



Incorporated Feb. 21, 1887. Commenced business March 10, 1887. 
James Skinner, President. A. "W. Whitcher, Secretary and Treasurer. 



Names of security committee : 
H. C. Hall, J. H. Parker, 

Lawrence Reade, F. W. Greydon, 

Thomas Salmon. 



Regular meetings the second Thursday of each month. 



Balance Sheet October 30, 1897. 



Assets. 


Liabilities. 


.Loans on real estate, 


$ 188,800 00 


Dues capital, 


$169,923 00 


Loans on shares, . 


5,585 85 


Profits capital (all series), . 


38,816 61 


Temporary expense account, 


94 10 


Interest, .... 


714 99 


Real estate by foreclosure, . 


4,600 00 


Premiums 


41 00 


Unpaid interest, . 


736 28 


Fines 


80 


Unpaid premiums, 


48 55 


Transfer fees, 


1 75 


Unpaid fines, 


80 48 


Withdrawal profits, 


43 06 


Cash in hands of treasurer, . 


12,292 33 


Guaranty fund, . 


1,671 49 






Surplus, .... 


1,001 88 






Forfeited share account, 


7 16 






Suspense account, 


15 85 




$212,237 59 


$212,237 59 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



Receipts. 


DlSBUBSEMENTS. 


From dues capital, 


$40,707 00 


For real estate loans, . 


$35,700 00 


interest, 


12,215 55 


share loans, . 


9,257 00 


premiums, . 


763 58 


dues capital withdrawn, 


16,302 00 


fines, .... 


586 70 


dues capital forfeited, . 


54 00 


transfer fees, 


7 50 


dues capital retired, 


18,951 00 


real estate loans repaid, 


32,400 00 


profits capital withdrawn, 


3,296 18 


real estate loans elimi- 




profits capital forfeited, . 


3 78 


nated by foreclosure, 


1,800 00 


profits capital retired, . 


7,141 70 


share loans repaid, 


10,837 26 


temporary expenses, 


927 22 


withdrawal profits, 


785 03 


forfeited shares, 


59 69 


forfeiture profits, . . 


99 


real estate by foreclosure, 


2,085 38 


forfeited shares, . 


56 79 


rent, .... 


81 15 


interest on deposits, . 


244 86 


insurance, 


74 50 


rent, .... 


97 00 


Cash on hand Oct. 30, 1897, 


12,292 33 


insurance, . 


74 50 






Cash on band Oct. 31, 1896, . 


5,649 17 








$106,225 93 


$106,225 93 



No. 8.] SAVINGS BANK COMMISSIONERS. 



255 



Total Amount of Loans at Specified Rates of Interest. 



Loans on Real Estate. 


Loans on Shares. 


Amount. 


Rate. 


Amount. 


Rate. 


Amount. 


Kate. 


$166,100 00 
15,700 00 


6.30 per cent. 
6.60 " 


$6,500 00 
500 00 


6.90 per cent. 
7.20 " 


$5,505 85 
80 00 


6.30 per cent. 
6.60 " 



Reconciliation of Share Account with Dues and Profits Capital. 



Date of 


00 


— 


v 5 


6 

3 
-5 "3 






Issue. 




3-C 




O 








GQ 


> 


3D 


P- 






Mar., 1887, . 


1 


$182 50 


61 


$11,132 50 


Dues capital, as per gen- 




Oct., 1887,. 


2 


169 23 


73 


12,353 79 


eral ledger. 


$169,923 00 


April, 1888, . 


3 


158 07 


84 


13.277 88 


Profits capital, as per 




Oct., 1888, . 


4 


147 33 


63 


9,281 79 


general ledger, . 


38,816 61 


April, 1889, . 


5 


136 84 


116 


15,873 44 


Unpaid dues, . 


1,297 00 


Oct., 1889, . 


6 


126 68 


123 


15,581 64 






April, 1890, . 


7 


116 85 


75 


8,763 75 






Oct., 1890,. 


8 


107 32 


51 


5,473 32 






April, 1891,. 


9 


98 02 


170 


16,663 40 






Oct.. 1891,. 


10 


89 00 


130 


11,570 00 






April, 1892, . 


11 


80 27 


186 


14,930 22 






Oct., 1892,. 


12 


71 82 


129 


9,264 78 






April, 1893, . 


13 


63 64 


179 


11,391 56 






Oct., 1893,. 


14 


55 63 


107 


5,952 41 






April, 1894, . 


15 


48 06 


369 


17,734 14 






Oct., 1894, . 


16 


40 67 


250 


10,167 50 






April, 1895, . 


17 


33 51 


269 


9,014 19 






Oct., 1895,. 


18 


26 59 


68 


1,808 12 






April, 1896, . 


19 


19 89 


142 


2.824 38 






Oct., 1896, . 


20 


13 39 


330 


4,418 70 






April, 1897, . 


21 


7 10 


291 


2,066 10 






Oct., 1897,. 


22 


1 00 


195 


195 00 

298 00 


Total, 




Dues paid in 


adva 


nee, . 

• • 






Total, 


$210,036 61 


$210,036 61 



Number of shares issued during the year, 

Number of shares now in force, 

Number of shares now borrowed upon, 

Largest number of shares held bv any one member, 

Number of shares withdrawn durins the year, 

Number of shares forfeited during the year, . 

Number of shares retired during the year, 

Highest per centum of interest received during the year: 6.30. 

Lowest per centum of interest received during the year : 6.30. 

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 anv one member, 

Smallest loan to any one member, 

Amount of expenses of the corporation for the year ending Oct. 31, 1897, . 
Date of examination by commissioner ; January 29. 



, 591 

3,461 

1,164 

25 

393 

9 

168 



52 
482 
146 
336 
150 

20 



$4,200 00 

25 00 

927 22 



256 



REPOKT OF THE 



[Pub. Doc. 



WOLL ASTON 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 : 

Quinct A. Faunce, Herbert T. Whitman, 

Albert G. Olney. 



Regular meetings the third Tuesday of each month. 



Balance Sheet October 30, 1897. 



Assets, 



Loans on real estate, 
Loans on shares, . 
Permanent expense account, 
Real estate by foreclosure, . 
Unpaid lines, 
Cash in hands of treasurer, . 





$162,650 00 

16,015 00 

40 00 

2,073 03 

31 46 

2,919 50 


$183,728 99 



Liabilities. 



Dues capital, 

Profits capital (all series), 

Interest, 

Premiums, . 

Transfer fees, 

"Withdrawal profits, 

Guaranty fund, . 

Surplus, 

Retired share account, 



$154,686 00 

27,594 03 

227 17 

22 40 

25 

204 81 

760 00 

97 16 

137 17 



$183,728 99 



Detailed Statement of Receipts and Disbursements for the Tear ending 

Oct. 31, 1897. 



Receipts. 


Disbursements. 


From dues capital, 


$49,274 00 


For real estate loans, . 


$59,450 00 


interest, 


10,046 57 


share loans, . . . 


12,100 00 


premiums, . 


799 35 


dues capital withdrawn, 


15,433 00 


fines, .... 


410 11 


dues capital forfeited, . 


234 00 


transfer fees, 


8 50 


dues capital retired, 


14,158 00 


real estate loans repaid, 


32,500 00 


profits capital withdrawn, 


1,967 87 


real estate loans elimi- 




profits capital forfeited, 


16 74 


nated by foreclosure, 


3,500 00 


profits capital retired, . 


3,655 38 


share loans repaid, 


13,610 00 


temporary expenses, 


1,104 58 


withdrawal profits, 


490 77 


permanent expenses, 


40 00 


forfeiture profits, . 


4 14 


forfeited shares, . 


3 00 


rents 


26 40 


interest on retired shares, 


202 03 


real estate by foreclos- 




real estate by foreclosure, 


3,461 44 


ure, .... 


3,200 00 


taxes and repairs, . 


172 93 


insurance cancelled, . 


26 96 


Cash on hand Oct. 30, 1897, 


2,919 50 


retired share account, . 


137 17 






Cash on hand Oct. 31, 1896, . 


884 50 








$114,918 47 


$114,918 47 



No. 8.] SAVINGS BANK COMMISSIONERS. 



257 



Total Amount of Loans at Specified Rates of Interest. 



Loans on Real Estate. 



Amount. 



Rate. 



$111,050 00 

41,650 00 

5,200 00 



6.30 per cent. 
6.60 " 
6.90 " 



Amount. 



Rate. 



5,600 00 
550 00 
600 00 



7.20 per cent. 
7.50 " 
7.80 " 



Loans on Shares. 



Amount. 



Rate. 



$9,055 00 

4,855 00 

1,005 00 

350 00 

750 00 



6.30 per cent. 
6.60 « 
6.90 

7.20 « 
7.80 " 



Reconciliation of Share Account with Dues and Profits Capital. 







a> . 


a 


<J 






Datb of 


GQ 


2 M 


? 2 


s 






Issue. 




•3* 


«3 O 


08 >. 








O 


«cc 


A^H 


o 








X 


> 


m 


H 






April, 1889, . 


1 


$136 57 


149 


$20,348 93 


Dues capital, as per gen- 




Oct., 1889, . 


2 


126 42 


132 


16,687 44 


eral ledger, 


$154,686 00 


April, 1890, . 


3 


116 58 


121 


14,106 18 


Profits capital, as per 




Oct., 1890, . 


4 


107 03 


76 


8,134 28 


general ledger, . 


27,594 03 


April, 1891, . 





97 78 


95 


9,289 10 


Unpaid dues, 


1,198 00 


Oct., 1891, . 


6 


88 82 


91 


8,082 62 






April, 1892, . 


7 


80 14 


149 


11,940 86 






Oct., 1892, . 


8 


71 74 


246 


17,648 04 






April, 1893, . 


9 


63 60 


153 


9,730 80 






Oct., 1893, . 


10 


55 71 


63 


3,509 73 






April, 1894, . 


11 


48 09 


275 


13,224 75 






Oct., 1894, . 


12 


40 70 


229 


9,320 30 






April, 1895, . 


13 


33 56 


366 


12,282 96 






Oct., 1895,. 


14 


26 63 


295 


7,855 85 






April, 1896, . 


15 


19 92 


484 


9,641 28 






Oct., 1896, . 


16 


13 41 


464 


6,222 24 






April, 1897, . 


17 


7 11 


697 


4,955 67 






Oct., 1897,. 


18 


1 00 


343 


343 00 
154 00 


Total, 




Dues paid in 


adva 


nee, . 


• 




Total, . 


$183,478 03 


$183,478 03 



estate, 



93 
490 
139 
351 
119 
104 



15 
05 



Number of shares issued during the year, 1,211 

Number of shares now in force, 4,428 

Number of shares now borrowed upon, 1,364 

Largest number of shares held by any one member, .... 25 

Number of shares withdrawn during the year, 601 

Number of shares forfeited during the year, 18 

Number of shares retired during the year, 162 

Highest premium received during the year, . 
Lowest premium received 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 
Number of loans on shares, .... 

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, 1897, . 1,124 58 
Date of examination by commissioner : January 14. 



258 



REPORT 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, M. S. Beaman, 

H. H. Bigelow. 



Regular meetings the third Monday of each month. 



Balance Sheet October 30, 1897. 



Assets. 


Liabilities. 


Loans on real estate, 
Loans on shares, . 
Temporary expense account, 
Real estate by foreclosure, . 
Unpaid interest, . 
Cash in hands of treasurer, . 


$415,315 00 

7,970 00 

543 95 

20,421 98 

35 49 

18,441 25 


Dues capital, 

Profits capital (all series) , . 

Fines, 

Transfer fees, 
Guaranty fund, . 
Surplus, .... 
Forfeited share account, 
Rent, 


$379,123 00 

71,814 27 

83 07 

1 50 

3,750 00 

7,809 98 

101 19 

44 66 




$462,727 67 


$462,727 67 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct 31, 1897. 



Receipts. 


Disbursements. 


From dues capital, 


$108,866 00 


For real estate loans, . 


$99,050 00 


interest, 


28,831 28 


share loans, . 


7,120 00 


fines 


1,052 96 


dues capital withdrawn, 


58,891 00 


transfer fees, 


12 00 


dues capital retired, 


44,394 00 


real estate loans repaid, 


134,427 88 


dues capital matured, . 


29,340 00 


real estate loans elimi- 




profits capital withdrawn, 


9,098 71 


nated by foreclosure, 


1,895 23 


profits capital retired, . 


9,422 35 


real estate loans elimi- 




profits capital matured, 


13,224 63 


nated by maturity of 




temporary expenses, 


2,466 29 


shares, 


3,400 00 


forfeited shares, . 


1 26 


share loans repaid, 


9,535 00 


interest on retired shares, 


538 44 


withdrawal profits, 


826 48 


profit and loss account, 


462 95 


expense account, 


208 00 


real estate by foreclosure, 


1,975 94 


rent, .... 


864 33 


Cash on hand Oct. 30, 1897, 


18,441 25 


profit and loss account, 


117 36 






real estate by foreclos- 








ure, .... 


3,094 34 






Cash on hand Oct. 31, 1896, . 


1,295 96 








$294,426 82 


$294,426 82 



No. 8.] SAVINGS BANK COMMISSIONERS. 



259 



Total Amount of Loans at Specified Rates of Interest. 



Loans on Real Estate. 


Loans on Shares. 


Amount. 


Rate. 


Amount. 


Rate. 


Amount 


Rate. 


$243,865 00 


6 


per cent. 


$100 00 


10 per cent. 


$4,790 00 


6 per cent 


86,900 00 


6ft 


«< 


100 00 


10ft 


740 00 


6ft 


15,000 00 


6* 


(« 






205 00 


H 


25,500 00 


61 


M 






750 00 


6% " 


12,450 00 


6A 


<« 






350 00 


64 " 


6,850 00 


6'i 


<< 






450 00 


6| « 


20,000 00 


6? 


(( 






100 00 


6| 


2,400 00 


7 


«« 






50 00 


6J « 


1,000 00 


7* 


<< 






100 00 


7 


400 00 


7* 


<« 






325 00 


7ft 


250 00 


7$ 


<< 






60 00 


7| " 


500 00 


8 


H 






50 00 


7| " 



Reconciliation of Share Account with Dues and Profits Capital. 



Date of 


m 


u 




s 






Issue. 




ssi 
"3* 


m ° 


o3>- 

o 








CD 


k 


02 


H 






Oct., 1886, . 


13 


$188 93 


89 


$16,814 77 


Dues capital, as per gen- 




April, 1887, . 


14 


177 20 


105 


18,606 00 


eral ledger, 


$379,123 00 


Oct., 1887,. 


15 


165 89 


101 


16,754 89 


Profits capital, as per 




April, 1888, . 


16 


154 94 


120 


18,592 80 


general ledger, . 


71,814 27 


Oct., 1888, . 


17 


144 33 


102 


14,721 66 


Unpaid dues, 


2,827 00 


April, 1889, . 


18 


134 07 


119 


15,954 33 






Oct., 1889, . 


19 


124 19 


111 


13,785 09 






April, 1890, . 


20 


114 65 


177 


20,293 05 






Oct., 1890, . 


21 


105 39 


115 


12,119 85 






April, 1891, . 


22 


96 41 


206 


19,860 46 






Oct, 1891,. 


23 


87 70 


459 


40,254 30 






April, 1892, . 


24 


79 24 


440 


34,865 60 






Oct., 1892,. 


25 


71 02 


439 


31,177 78 






April, 1893, . 


26 


63 05 


455 


28,687 75 






Oct., 1893,. 


27 


55 30 


394 


21,788 20 






April, 1894, . 


28 


47 78 


684 


32,681 52 






Oct., 1894,. 


29 


40 48 


608 


24,611 84 






April, 1895, . 


30 


33 41 


827 


27,630 07 






Oct., 1895,. 


31 


26 54 


521 


13,827 34 






April, 1896, . 


32 


19 86 


649 


12,889 14 






Oct., 1896, . 


33 


13 39 


757 


10,136 23 






April, 1897, . 


34 


7 10 


916 


6,503 60 






Oct., 1897,. 


35 


1 00 


882 


882 00 
326 00 


Total, 




Dues paid in 


adva 


nee, . 


• 




Total, 


$453,764 27 


$453,764 27 



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, 



1,961 

9,276 

2,331 

. 25 

1,582 



260 REPORT OF THE [Pub. Doc. 

Number of shares retired during the year, 566 

Number of shares matured during the year, 213 

Highest per centum of interest received during the year : 10. 
Lowest per centum of interest received during the year : 6. 

Number of members withdrawn during the year, 190 

Present number of members, 1,073 

Present number of borrowers, 218 

Present number of non-borrowers , 855 

Number of loans secured by first mortgage of real estate, . . . 255 

Number of loans on shares, 52 

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, 1897, . 2,352 94 
Date of examination by commissioner: May 4. 



No. 8.] SAVINGS BANK COMMISSIONERS. 



261 



WORKINGMEN'S CO-OPERATIVE BANK — BOSTON. 



Incorporated June 9, 1880. Commenced business June 11, 1880. 

Robert Treat Paine, President. Frank E. Burbank, Secretary. 

Francis B. Sears, Treasurer. 



Names of security committee : 

James L. Pope, William H. Tarbox, 

James D. McLellan. 



Regular meetings the second Friday of each month. 



Balance Sheet October 30, 1897. 



Assets. 


Liabilities. 


Loans on real estate, 


$715,300 00 


Dues capital, 


$676,202 00 


Loans on shares, . 


25,200 00 


Profits capital (all series), . 


121,693 60 


Temporary expense account, 


936 45 


Interest, .... 


3,213 17 


Real estate by foreclosure, . 


25,156 82 


Fines, 


62 78 


Unpaid premiums, 


5 45 


Transfer fees, 


1 50 


Office furniture, 


64 75 


Withdrawal profits, 


516 55 


Profit and loss, 


9 13 


Retired shares, 


634 13 


Mortgages, .... 


18,235 00 


Forfeited share account, 


287 17 


Personal accounts, 


14,093 02 


Guaranty fund, . 


5,227 00 


Cash in hands of treasurer, . 


18,915 50 


Surplus 


6,848 82 






Personal accounts, 


30 24 






Security committee, 


255 00 






Fire loss, .... 


1,084 55 






Cash received on account of 








November, 


1,859 61 




$817,916 12 


$817,916 12 



262 



REPORT OF THE 



[Pub. Doc. 



Detailed Statement of Receipts and Disbursements for the Year ending 

Oct. 31, 1897. 



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, 

forfeited shares, . 

real estate by foreclos 
ure, . 

retired shares, 

insurance losses, . 

rent, 

matured shares, . 

security committee, 

mortgages, . 

personal accounts, 

profits, 

profit and loss, . 

expenses, 

receipts on account of 
November meeting, 
Cash on hand Oct. 31, 1896, 



§219,355 00 

51,508 48 

1,017 82 

2,495 28 

7 25 

183,555 00 

39,200 00 



21,600 00 

21,700 00 

3,251 28 

142 88 

31,039 82 

99,403 52 

1,791 55 

264 09 

37,566 99 

277 50 

1,210 00 

1,620 11 

251 33 

200 00 

12 26 

1,859 61 

3,188 08 



DlSBUBSEJIENTS. 



§722,517 85 



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, 

matured shares, 

forfeited shares, 

interest, . 

fines, 

real estate by foreclosure 

retired shares, 

insurance, 

taxes, 

real estate repairs, etc., 

insurance losses, 

security committee 

withdrawal profits 

interest on estates, 

trustee account, 

cash error, 

deeds, etc., 

personal accounts, 

commission, . 

advertising real estate 
sales, . 

profit and loss, 

surplus, . 

mortgages, . 

premium, 

office furniture, 

legal expenses, 
Cash on hand Oct. 30, 1897, 



$195,360 00 

25,000 00 

92,670 00 

3,901 00 

77,711 00 

39,770 00 

12,552 57 

470 26 

20,954 03 

19,311 30 

4,194 55 

37,674 41 

106 88 

484 54 

3 27 

64,885 58 

98,770 39 

162 77 

881 81 

14 24 

834 59 

615 00 

60 24 

1,330 02 

62 77 

1 00 



27 26 


1,722 20 


45 00 


139 53 


222 13 


591 39 


2,800 00 


7 87 


64 75 


200 00 


18,915 50 


§722,517 85 



Total Amount of Loans at Specified Rates of Interest. 



Loans on Seal Estate. 


Loans on Shabes. 


Amount. 


Kate. 


Amount. 


Rate. 


Amount. Rate. 


$4,000 00 


5.00 per cent. 


§3,300 00 


7.20 


per cent. 


§18.500 00 


6.00 per cent. 


479,100 00 


6.00 


1,000 00 


7.25 


ii 


3,350 00 


6.25 " 


65,250 00 


6.25 " 


6,100 00 


7.50 


« 


550 00 


6.30 


66,150 00 


6.30 " 


3,800 00 


7.80 


<( 


1,150 00 


6.50 " 


14,700 00 


6.50 


1,000 00 


8.00 


« 


150 00 


6.75 


40,050 00 


6.60 


1,200 00 


8.10 


u 


550 00 


7.00 " 


4,200 00 


6.75 " 


1,200 00 


8.40 


u 


500 00 7.25 " 


20,550 00 


6.90 " 


200 00 


12.50 


«< 


50 00 


7.75 


3,500 00 


7.00 " 








150 00 

50 00 

200 00 


8.00 " 
8.25 " 
9.25 



No. 8.] SAVINGS BANK COMMISSIONERS. 



263 



Reconciliation oj Share Account with Dues and Profits Capital. 



Date of 


to 


1* 
tU 03 


to o 


d 

s 






Issue. 




"3<a 


,3* 


3> 
© 








GO 


> 


CO 


H 






Dec, 1886, . 


14 


$189 48 


93 


$17,621 64 


Dues capital, as per gen- 




June, 1887, . 


15 


177 40 


103 


18,272 20 


eral ledger, . 


$676,202 00 


Dec, 1887, . 


16 


165 72 


145 


24,029 40 


Profits capital, as per 




June, 1888, . 


17 


154 44 


157 


24,247 08 


general ledger, . 


121,693 60 


Dec, 1888, . 


18 


143 54 


196 


28,133 84 


Unpaid dues, . 


7,379 00 


June, 1889, . 


19 


132 99 


245 


32,582 55 






Dec, 1889, . 


20 


122 81 


283 


34,755 23 






June, 1890, . 


21 


113 00 


308 


34,804 00 






Dec, 1890, . 


22 


103 49 


343 


35,497 07 






June, 1891, . 


23 


94 30 


526 


49,601 80 






Dec, 1891, . 


24 


85 44 


554 


47,333 76 






June, 1892, . 


25 


76 87 


380 


29,210 60 






Sept., 1892, . 


26 


72 70 


342 


24,863 40 






Dec, 1892, . 


27 


68 59 


483 


33,128 97 






Mar., 1893, . 


28 


64 54 


607 


39,175 78 






June, 1893, . 


29 


60 57 


448 


27,135 36 






Sept, 1893, . 


30 


56 66 


283 


16,034 78 






Dec, 1893, . 


31 


52 83 


342 


18,067 86 






Mar., 1894, . 


32 


49 06 


622 


30,515 32 






June, 1894, . 


33 


45 35 


706 


32,017 10 






Sept., 1894, . 


34 


41 70 


472 


19,682 40 






Dec, 1894, . 


35 


38 10 


723 


27,546 30 






Mar., 1895, . 


36 


34 56 


845 


29,203 20 






June, 1895, . 


37 


31 07 


603 


18,735 21 






Sept., 1895, . 


38 


27 64 


891 


24,627 24 






Dec, 1895, . 


39 


24 26 


681 


16,521 06 






Mar., 1896, . 


40 


20 93 


837 


17,518 41 






June, 1896, . 


41 


17 65 


734 


12,955 10 






Sept., 1896, . 


42 


14 42 


803 


11,579 26 






Dec , 1897, . 


43 


11 24 


848 


9,531 52 






Mar., 1897, . 


44 


8 11 


1,591 


12,903 01 






June, 1897, . 


45 


5 03 


805 


4,049 15 






Sept., 1897, . 


46 


2 00 


608 


1,216 00 
2,179 00 


Total, 




Dues paid in 


adva 


nee, . 


• 




Total, 


$805,274 60 


$805,274 60 



n 

6. 



Number of shares issued during the year, 4,691 

Number of shares now in force, 17,607 

Number of shares now borrowed upon, 4,434 

Largest number of shares held by any one member, .... 25 
Number of shares withdrawn during the year, .... 3,663 

Number of shares forfeited during the year, 391 

Number of shares retired during the year, 914 

Number of shares matured during the year, 296 

Highest per centum of interest received during the year 
Lowest per centum of interest received during the year 

Number of members withdrawn during the year, 400 

Present number of members 1,993 

Present number of borrowers, 421 

Present number of non-borrowers, 1,572 

Number of loans secured by first mortgage of real estate, . . . 393 

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, 1897, . 4,182 29 
Date of examination by commissioner : February 23. 



264 



REPORT OF THE 



[Pub. Doc. 



CONSOLIDATED BALANCE SHEET, 



October 30, 1897. 



Assets. 


Liabilities. 


Loans on real estate, . 


$21,835,114 08 


Dues capital, 


$20,319,075 96 


Loans on shares, . 


962,510 18 


Profits capital (all 








series), 


3,709,416 21 


Permanent expense account, 


11,638 09 










Interest, 


153,545 47 


Temporary expense account, 


13,344 22 










Premiums, . 


' 6,917 35 


Real estate by foreclosure, . 


531,041 25 










Fines, .... 


5,380 34 


Unpaid dues, 


21,529 00 










Transfer fees, 


62 25 


.Unpaid interest, . 


114,671 35 










Withdrawal profits, 


8,487 03 


Unpaid premiums, 


5,265 61 










Forfeiture profits, 


408 37 


Unpaid fines, 


9,427 17 










Surplus, 


190,682 59 


Notes and bonds of cities 








and towns, 


125,364 76 


Guaranty fund, . 


145,692 84 


Mortgages, .... 


77,750 36 


Forfeited share account, 


11,331 65 


Sundry assets, 


17,971 57 


Advance payments, 


5,311 74 


Cash, 


872,215 54 


Matured share account, 


12,907 48 






Retired share account, . 


2,931 74 






Due on mortgage loans, 


15,561 39 






Sundry liabilities, 


10,130 77 




$24,597,843 18 


$24,597,843 18 



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, 1896, . 
Amount of profits credited to shares during the year, . 



130,314 

509,115 

142,437 

90,240 

3,504 

18,346 

2,454 

11,542 

65,419 

17,656 

47,763 

15,703 

4,844 



$116,960 21 
1,340,393 09 



No. 8.] SAVINGS BANK COMMISSIONERS. 



265 



Total Amount of Loans at Specified Rates of Interest. 



Rate. 


Real Estate Loans. 


Share Loans. 


Rate. 


Real Estate Loans. 


Share Loans. 


5 


$255,590 00 


$11,969 00 


7.10 


$600 00 




5 1-16 


2,200 00 


- 


7 1-8 


7,100 00 


$375 00 


5 1-8 


15,650 00 


50 00 


7.14 


2,925 00 


- 


5 1-4 


165,901 42 


6,526 00 


7.20 


217,175 00 


9,290 00 


5 3-8 


600 00 


- 


7 1-4 


2,100 00 


1,400 00 


5 1-2 


220,845 00 


10,728 00 


7.26 


300 00 


120 00 


5 5-8 


500 00 


50 00 


7.32 


7,650 00 


160 00 


5 3-4 


64,470 00 


7,787 00 


7 3-8 


4,500 00 


60 00 


5.80 


14,200 00 


500 00 


7.44 


1,400 00 


- 


5 7-8 


2,200 00 


- 


7 1-2 


183,364 64 


7,640 00 


5 9-10 


8,000 00 


- 


7.56 


450 00 


60 00 


6 


6,366,067 12 


332,976 33 


7 5-8 


600 00 


50 00 


6.06 


276,718 71 


20,575 00 


7.68 


300 00 


50 00 


6.10 


36,650 00 


1,625 00 


7 3-4 


3,900 00 


250 00 


6 1-9 


5,000 00 


- 


7.80 


29,540 00 


3,980 00 


6.12 


335,550 00 


6,985 00 


7 7-8 


250 00 


- 


6 1-8 


232,490 00 


5,385 00 


7.92 


1,900 00 


50 00 


6 1-7 


- 


250 00 


8 


2,900 00 


180 00 


6.18 


41,472 94 


950 00 


8.04 


100 00 


- 


6.20 


23,350 00 


- 


8.10 


16,325 00 


50 00 


6.24 


54,825 00 


4,880 00 


8.16 


- 


50 00 


6 1-4 


269,783 00 


12,195 00 


8 1-4 


2,200 00 


150 00 


6.30 


9,459,343 00 


381,768 85 


8 40 


10,375 00 


865 00 


6.36 


50,100 00 


1,300 00 


8.50 


550 00 


- 


6 3-8 


69,950 00 


1,485 00 


8.52 


100 00 


- 


6.40 


18,150 00 


1,100 00 


860 


- 


25 00 


6.42 


18,550 00 


900 00 


8.70 


6,500 00 


490 00 


6.48 


295,150 00 


14,628 00 


8 3-4 


2,000 00 


- 


6 1-2 


194,720 00 


10,015 00 


8 7-8 


50 00 


- 


6.54 


12,300 00 


610 00 


9 


1,350 00 


50 00 


6.60 


1,995,260 00 


76,912 00 


9.06 


- 


50 00 


6 5-8 


40,475 00 


650 00 


9 1-4 


750 00 


200 00 


6.66 


14,775 00 


60 00 


9.30 


600 00 


50 00 


6.70 


1,200 00 


85 00 


9.60 


750 00 


- 


6.72 


26,483 25 


620 00 


9.72 


500 00 


- 


6 3-4 


24,250 00 


1,200 00 


9.90 


200 00 


- 


6.78 


4,475 00 


20 00 


10 


100 00 


50 00 


6.84 


16,900 00 


150 00 


10 1-8 


100 00 


50 00 


6 7-8 


2,600 00 


100 00 


10 1-2 


600 00 


- 


6.90 


632,715 00 


13,600 00 


10.68 


100 00 


- 


6.96 


8,425 00 


1,080 00 


115-8 


100 00 


- 


7 


42,475 00 


6,350 00 


12 1-2 


200 00 


_ 


7 02 


1,200 00 
3,050 00 


680 00 








7.08 


\J\J\J \J\J 

20 00 




$21,835,114 08 


$962,510 18 



STATEMENTS 



OF 



Collateral loan and Mortgage loan 



Investment Companies. 



268 



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, Lawrence Tucker, 

John P. Lyjian, John O. Shaw, Jr., 

Luther S. Moore. 

S. Stillman Blanchard, Director for State. 

Robert F. Clark, Director for the City of Boston. 



Balance Sheet Octobek 30, 1897. 



Assets. 


Liabilities. 


Loans outstanding, 


$362,854 73 


Capital stock, 


$200,000 00 


Cash on hand, 


3,236 20 


Reserve fund, 




90,000 00 


Expense, .... 


14,318 96 


Notes payable, 




42,000 00 


General interest, . 


960 51 i 


Auction reserve. 




9,185 89 


State tax 


4,056 33 j 


Interest, 




46,656 97 


Rent, 


5,471 20 


Profit and loss, 




1,641 03 


City of Boston, Mass . bonds, * 


11,000 00 ! 


Insurance fund, 




31,082 50 


State of Massachusetts bonds,* 


10,000 00 






Boston & Maine R.R. bonds,* 


4,000 00 , 






Branch office, 


4,668 46 








$420,566 39 






$420,566 39 



* Investment of insurance fund. 



Date of examination : December 10. 



No. 8.] SAVINGS BANK COMMISSIONERS. 269 



WORCESTER COLLATERAL LOAN ASSOCIATION 

WORCESTER. 



Incorporated April 17, 1896. 
Henry L. Parker, President. Charles E. Burnham, Treasurer. 



Directors : 
Lyman A. Ely, C. Thornton Davis, 

A. L. D. Buxton, Henry L. Parker, 

Charles E. Burnham. 
John T. Brierly, Director for State. 
Daniel Parlin, Director for the City of Worcester. 



Balance Sheet October 30, 1897. 



Assets. 




Liabilities. 




Cash on hand, 

Fixtures, .... 


$24,239 60 
611 80 
154 56 


Capital stock, 

Notes payable, 

Risk fund, .... 

Guaranty fund, . 

Undivided profits, 


$20,000 00 

4,000 00 

95 80 

284 98 

625 18 




$25,005 96 


$25,005 96 



Date of examination: December 2. 



270 



REPORT OF THE 



[Pub. Doc. 



WOEKINGMEFS LOAN ASSOCIATION — BOSTON. 



Incorporated March 8, 1888. 

Robert Treat Paine, President. Francis B. Sears, Vice-President. 

Robert Treat Paine, 2d, Treasurer. Arthur Lyman, Clerk. 



Edmund Billings, 
Herbert Lyman, 
Henry B. Cabot, 
Wji. Endicott, 3d, 
Chas. W. Hubbard, 
Arthur S. Johnson, 
Joseph Lee, 



Directors : 

Arthur Lyman, 
John F. Moors, 
Chas. 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 October 30, 1897. 



Assets. 


Liabilities. 


Cash on hand, 
Expenses, . - . 


|162,318 73 

3,240 10 

787 63 


Capital stock, 
Notes payable, 
Profit and loss, . 
Unclaimed balance, 
State tax, 
Interest, 

Undivided profits, 
Risk fund, . 
Guaranty fund, . 




$102,500 00 

43,000 00 

346 88 

350 00 

644 81 

1,628 88 

4,122 92 

1,132 75 

12,620 22 




$166,346 46 






$166,346 46 



Date of examination : December 10. 



No. 8.] SAVINGS BANK COMMISSIONERS. 



271 



NATIONAL MORTGAGE AND DEBENTURE COMPANY 

BOSTON. 



W. X. Fullek, President. 


Charles A. Rogers, Treasurer. 


Balance Sheet October 30, 1897. 




Assets. 


Liabilities. 


Loans secured by first liens on 




Capital stock paid in, . 


$258,900 00 


real estate, .... 


$46,603 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, 


488,988 00 


Commission notes secured by 




Coupons on same not pre- 




second liens on real estate, . 


34,723 62 


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, 


64,317 62 


Real estate acquired by fore- 




Due sundry persons, 


3,444 19 


closure, .... 


65,919 24 






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 






Cash on hand and in banks, . 


54 56 






Due from sundry persons, 


501 79 






Profit and loss account, . 


56,289 40 








$820,223 46 


$820,223 46 



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. 



272 REPORT — SAVINGS BANKS. [Pub. Doc. No. 8. 

Total amount of loans to date, approximating, $3,500,000 00 

Number and amount of loans extended the past two years : Cannot 

answer. 
Total amount of loans unpaid and J 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 hand and with agents, 13,000 00 

Total liability for debenture bonds, 488,988 00 



APPENDIX. 



STATUTES 



<$ommoiuM3tth af ^ttHSsachusettu 



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 

, jjii • -j* .,, for accumula- 

ate themselves together by an agreement in writing with tion of savings 

° . J ° ° of members and 

the intention of forming a corporation for the purpose of lending funds 

° A x L 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 fortn - 
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, 

how organized. 

and twenty-one of 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 

Fians of issuing shares may be issued in quarterly, half-yearly, or yearly 
series, m 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 216, Section 1.) 

Limitation 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.) 

oficers 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 P er *>ji 

J *- may be both 

the provisions of chapter one hundred and seventeen of J®eMur2r. 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- 

•' ings. Dues. 

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 

^ L ° 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. 
?eSe t u°DpiSi a g y ed The directors may, at their discretion, under rules made 
by 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 hundred 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 in Sect. 3. Shares may be issued in the name of a 

the Dame 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. \Yhen 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 1887, Chapter 216, Section 5, and Acts of 1882, Chapter 251.] 

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 thereof, with interest at the rate of six per cent, a 
year from the time of such maturity to the time of pay- 
ment : 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 direct- 
ors ; 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 inter- 
est at the rate of six per cent, per annum for all full 
months from the date of the preceding 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 moneys accumulated, after due allow- Moneys to be 
ance for all necessary expenses and the cancellation of sales; how 

x 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-laws may 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 year 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- Bids for loana 
dred and seventeen may provide in its by-laws that the of interest in- 

J i , , stead 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, McuVftytJfor- 
his right to the loan shall be forfeited, and he shall be loan^c. ° 
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 monthly 
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 
meetino's of the directors shall be made as of the date of 
the stated meetinos next succeedino; 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 

nf loans on real L J J J 

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. 



of loans on real 
estate 



(Acts of 1894, Chapter 342, Section 2.) 

Purchase of W r hen a member of a co-operative bank purchases 

money at lower ■>- L 

affect* eating money at a lower rate than that paid by him on an exist- 
contricts. 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. 



Fines. 



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. xv 

64 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. 

PROFITS AND LOSSES. 
(P. S., Chapter 117, Section 18.) 

Sect. 18. The profits and losses may be distributed Distribution of 

, profits and 

annually, semi-annually or quarterly to the shares then i° sB e8. 
existing, but shall be distributed at least once in 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 
sell real estate. 



REAL ESTATE: HOW ACQUIRED. 
(P. S., Chapter 117, Section 19.) 

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, 
lease or mortgage, at pleasure, the real estate so purchased 
to any person or persons whatsoever. All real estate so 
acquired shall be sold within five years from the acquisi- 
tion of the title thereto. 



Powers of sav- 
ings bank 
commissioners. 



SUPERVISION. 

(P. S., Chapter 117, Section 20.) 

Sect. 20. The commissioners of savings banks shall 
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 
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. 



APPENDIX. xvii 



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, 
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.] 
Ax Act relative to the bonds or 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 
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 



xvl *i APPEISTDIX. 

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 Corn- 
wealth, 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 of 1897.] 

An Act relative to co-opeeative banks. 

No co-operative bank, nor any person acting in its 
behalf, shall take or receive a fee, brokerage, commis- 
sion, gift 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. 



STATUTES 



£omm0ittmalt{r of Sfassadjustits 



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- £°;°P e ™be e 
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 may authorize any such association or corporation make a deposit 
dulv established under the laws of another state to carry treasurer of the 

v u 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-five 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 ^ e ^i° n 

± T- J repealed by 

said board of commissioners of savings banks ; or in lieu £f i896 286 (ffee ts 
thereof the whole or any part of said sum may consist of p- xx1u - ) 
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 monevs or property shall be paid out Disposition of 

J L r J r 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. 



XX11 



APPENDIX. 



Examinations 
by commis- 
sioners. 



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 
Authority to do such times as they may elect. Whenever, upon examina- 

business may be . . .-..■, .. n 

revoked. tion or otherwise, it is the opinion ot 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 286, Acts of 1896. 



To conform 
•with require- 
ments within 
sixty days. 



Penalties. 



APPENDIX. xxiii 

[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 folloivs : 

Whenever, upon examination or otherwise, it is the corporations 

. . f» • -i i ma y De pre- 

opinion of the board of commissioners of savings banks vented from 

1 doing business 

that anv association or corporation established under the hazardous to 

J 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 
./»-,. the Common- 

corporation from loaning money upon mortgages of real wealth. 

estate located within the Commonwealth. \_Appvoved 

June 11, 1891. 



[Chap. 286, Acts op 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 



xxiv APPENDIX. 

is hereby repealed ; provided, however, that any associa- 
tion or corporation which at the passage of this act. is 
duly licensed by the board of commissioners of savings 
banks to transact business in this Commonwealth, under 
the provisions of said section, may be 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, . . . xxii 

Bids for loans may he a rate of interest, xi 

Bonds of treasurers and employees, xvii 

Books and accounts, , xiv 

Capital, vi 

Capital, limitation of, vi 

Capital, investments of, ix 

Co-operative banking defined, v 

Co-operative banks must be incorporated, xxi 

Distribution of profits and losses, xv 

Dues, , vii 

Examinations by commissioners, xxii 

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, bids 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 



xxvi APPENDIX. 

PAGE 

Maturity of shares, i x 

Meetings, Y ii 

Moneys, how lent or invested, i x 

Name to include the words " co-operative hank," Y 

Officers, Y i 

Organization, v 

Partial payment of loans on real estate, xii 

Payment of loans, .- xii 

Payments by the corporation, xv 

Penalties, xxii 

Penalty for failure to make anrmal 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, .... xxiii 

Repeal not to affect associations or corporations previously licensed by Board, . xxiv 

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, . . . . . . . yii 



STATUTES 



RELATING TO 



MORTGAGE LOAN AND INVESTMENT 

COMPANIES. 



AN ACT 

IN KELATION TO 

MOKTGAGE LOAN AND INYESTMENT 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 



xxx 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 other 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 
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, xxxi 

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 



xxxii 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 Pubr.c 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. xxxiii 

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 v 

''. " " Loan Companies, xxiv 

" " Mortgage Loan and Investment Companies, . . . xxv 

" " Foreign Building and Loan Associations, .... xxvi 

Annual Reports of Co-operative Banks, 2-263 

" " Loan Companies, 268-270 

" " Mortgage Loan and Investment Companies, .... 271, 272 

Aggregate Statement of Co-operative Banks, 264 

APPENDIX PAGE 

Statutes relating to Co-operative Banks, v 

" " Mortgage Loan and Investment Companies, .... xxix 



Index to the Annual Keports. 

[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, . 



Filchburg, . 

Foxborough, 
Franklin, 
Gardner, 
Gloucester, . 



H 



CO-OPERATIVE BANKS. 

CORPORATE NAME. PAGE 

Adams Co-operative Bank, 4 

Amesbury Co-operative Bank, 8 

Arlington " " 10 

Athol " " 12 

Attleborough " " 17 

Baldwinville " " 19 

Beverly " " 23 

fAllston " " 6 

Boston " " . ' 25 

Dorchester " " 51 

Enterprise k< " 55 

Federal " " 66 

Germania " " 77 

Guardian " " 86 

Homestead " " 101 

Merchants' " " 134 

Mt. Washington " " 144 

Pioneer " " 171 

Roxbury " " 189 

Suffolk " " 214 

Volunteer " " 221 

West Roxbury " " 241 

Workingmen's " " 261 

fCampello " <* 33 

1 Security " " 196 

Brookline " " 29 

Reliance " " 185 

Columbian " " 43 

Canton " " 35 

Provident " " 177 

Clinton " " 41 

Danvers " " 45 

Dedham " " 49 

Cambridge <4 " 31 

Everett " " 62 

f Fall River " " 64 

j Lafayette " «« 109 

J People's " •« 169 

[Troy " " 218 

f Fidelity " " 68 

1 Fitchburg " " 70 

Foxborough " " 73 

Dean " " 47 

Gardner " " 75 

Gloucester " " , , , , , , 80 



XXXV111 



INDEX. 



[Pub. Doc. 



LOCATION 

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, . 
Stoneham, . 
Stoughton, . 



CORPORATE NAME. 

, Grafton Co-operative Bank, 

Housatonic " " 

, Groveland " " 

$ Citizens' " " 

t Haverhill " 
, Hingham " " 

. Holbrook " " 

f City " " 

1 Holyoke " " 

Hudson " " 

Hyde Park " " 

/Atlantic " " 

-I Lawrence " " 

( Merrimack " " 

Leominster " " 

f Lowell " " 

1 Middlesex " " 

( Equitable " " 

( Lynn " " 

Maiden " " 

Mansfield " " 

Marblehead " " 

Marlborough " " 

Medford " " 

Melrose " " 

Economy " " 

Middleborough Co-operative Bank, 
Milford " " 

Henry Wilson " " 

Needham " " 

( Acushnet " " 

I New Bedford " " 

Newburyport " " 

Newton " " 

North Abington " " 

Berkshire County " " 

Northampton " " 

North Dighton " " 

North Easton " " 

Norwood " " 

Orange " " 

Peabody " " 

Pittsfield " " 

Plymouth " " 

t Quincy " " 

( Wollaston " " 

Randolph " " 

Reading " " 

( Roger Conant " " 

? Salem " " 

Sandwich " " 

Somerville " " 

Braintree " " 

South Framingham " " 

South Weymouth " " 

Springfield " " 

Stoneham " " 

Stoughton " " 



No. 8.] 



INDEX. 



XXXIX 



LOCATION. 

Taunton, 

Wakefield, 

Waltham, 

Watertown, 

"Waverley, 

Webster, 

Westfield, 

West Newton, 

West Somerville, 

West Springfield, 

Weymouth, . 

Whitman, 

Winchendon, 

Winchester, . 

Woburn, 

Worcester, . 



CORPORATE NAME. PAGE 

Mechanics' Co-operative Bank, . . . . . . 128 



Taunton 

Weir 

Wakefield 

Waltham 

Watertown 

Waverley 

Webster 

Westfield 

West Newton 

West Somerville 

West Springfield 

South Shore 

Whitman 

Winchendon 

Winchester 

Woburn 

Equity 

Home 

Worcester 



216 
235 
224 
226 
229 
231 
233 
237 
239 
244 
246 
203 
248 
250 
252 
254 
60 
98 
258 



Boston, 
Worcester, 



COLLATERAL LOAN COMPANIES. 
( Collateral Loan Company, . 
j Workingmen's Loan Association, 
Worcester Collateral Loan Association, 



268 
270 
269 



Boston, 



MORTGAGE LOAN AND INVESTMENT COMPANY. 
. National Mortgage and Debenture Company, . 



271 



xl 



INDEX. 



[Pub. Doc, 



Index to the Annual Reports. 

[Alphabetically by Corporate Name.] 



CO-OPERATIVE BANKS. 



CORPORATE NAME. 

Acushnet Co-operative Bank, . 

Adams " 

Allston " 

Amesbury " 

Arlington " 

Athol " 

Atlantic " 

Attleborough " 

Baldwinville " 
Berkshire County Co-operative Bank, 
Beverly Co-operative Bank, 

Boston " " . 

Brain tree " " 

Brookline " " 

Cambridge " " . 

Campello " " . 

Canton " " . . 

Citizens' " " . 

City " " . 

Clinton " " 

Columbian " " . 

Dan vers " " 

Dean " " . 

Dedham " " . . 

Dorchester " " . 

Economy " " . . 

Enterprise " " . 

Equitable " " . 

Equity " " . . 

Everett 4< " . 

Fall River " " . 

Federal " " . 

Fidelity " " 

Fitchburg " " 

Foxborough " " . 

Gardner " " . . 

Germania " " . 

Gloucester " " . 

Grafton " " 

Groveland " " . 

Guardian " " 

Haverhill " " . . 

Henry Wilson " " . 

Hingham " " . 



LOCATION. 

New Bedford, 

Adams, 

Boston, . 

Amesbury, 

Arlington, 

Athol, . 

Lawrence, 

Attleborough, 

Baldwinville, 

North Adams, 

Beverly, 

Boston, . 

South Braintree, 

Brookline, 

East Cambridge, 

Brockton, 

Canton, . 

Haverhill, 

Holyoke, 

Clinton, 

Cambridgeport, 

Danvers, 

Franklin, 

Dedham, 

Boston, . 

Merrimac, 

East Boston, 

Lynn, . 

Worcester, . 

Everett, 

Fall River, . 

Boston, . 

Fitchburg, 

Fitchburg, . 

Foxborough, 

Gardner, 

Boston, . 

Gloucester, . 

Grafton, 

Groveland, . 

Boston, . 

Haverhill, 

Natick, . 

Hingham, 



No. 8.] 



INDEX. 



xii 



CORPORATE NAME 

Holbrook Co-operative Bank, 

Holyoke 

Home 

Homestead 

Housatonic 

Hudson 

Hyde Park 

Lafayette 

Lawrence 

Leominster 

Lowell 

Lynn 

Maiden 

Mansfield 

Marblehead 

Marlborough 

Mechanics' 

Medford 

Melrose 

Merchants' 

Merrimack 

Middleborough 

Middlesex 

Milford 

Mt. "Washington Co-operative Bank, 

Needham " " 

New Bedford " " 

Newbury port " " 

Newton " " 

North Abington " " 

Northampton " " 

North Dighton " " 

North Easton " " 

Norwood " " 

Orange " " 

Peabody " " 

People's " " 

Pioneer " " 

Pittsfield " " 

Plymouth " " 

Provident " " 

Quincy " " 

Randolph « " 

Reading " « 

Reliance " " 

Roger Conant " " 

Roxbury " " 

Salem « " 

Sandwich " " 

Security « " 

Somerville " " 

South Framingham " " 

South Shore " " 

South Weymouth " " 

Springfield « " 

Stoneham " «< 

Stoughton " " 



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, . 

Boston, . 

Salem, . 

Sandwich, 

Brockton, 

Somerville, . 

South Framingham, 

Weymouth, 

South Weymouth, 

Springfield, 

Stoneham, 

Stoughton, 



xlii 



INDEX. 



[Pub. Doc. No. 8. 



CORPORATE NAME. 

Suffolk Co-operative Bank, 

Taunton " " . 

Troy " " . . 

Volunteer " " . . 

Wakefield " " . . 

Waltham " " . 

Watertown " " . 

Waverley " " . . 

Webster " " . 

Weir " " . 

Westfield " " . 

West Newton " " . 



West Roxbury Co-operative Bank, Boston, . 

West Somerville " " 

West Springfield " " . . . . 

Whitman " " 

Winchendon " " 

Winchester " " 

Woburn " <«.... 

Wollaston " " . . . . 

Worcester " " 

Workingmen's " " 



LOCATION. 


PAGE 


Boston, . 


. 214 


Taunton, 


. 216 


Fall River, . 


. 218 


Boston, . 


. 221 


Wakefield, . 


. 224 


Waltham, 


. 226 


Watertown, . 


. 229 


Waverley, 


. 231 


Webster, 


. 233 


Taunton, 


. 235 


Westfield, . 


. 237 


West Newton, 


. 239 


Boston, . 


. 241 


West Somerville, 


. 244 


West Springfield, 


. 246 


Whitman, 


. 248 


Winchendon, 


. 250 


Winchester, . 


. 252 


Woburn, 


. 254 


Quincy, 


. 256 


Worcester, . 


. 258 


Boston, . 


. 261 



COLLATERAL LOAN COMPANIES. 

Collateral Loan Company, Boston, . 

Worcester Collateral Loan Association, .... Worcester, 
Workingmen's Loan Association, Boston, . 



268 
269 
270 



MORTGAGE LOAN AND INVESTMENT COMPANY. 
National Mortgage and Debenture Company, . . . Boston, . 



271