Board of Bank Commissioners,

JAMES O. LYFORD, Chairman,

FREDERIC S. NUTTING,

GUY H. CUTTER.

Clerk,

CLARA B. HARRIMAN.

Printed by IRA C. EVANS Co., Concord. Bound by THE RUMFORD PRESS, Concord.

STATE OF NEW HAMPSHIRE.

OFFICE OF BANK COMMISSIONERS,

CONCORD, September 1, 1916.

To His Excellency the Governor:

SIR-We submit herewith the seventy-first annual report of the Bank Commission, covering the year ending August 31, 1916.

There are under the supervision of this department fifty-seven savings banks. Of these, forty-seven are mutual savings banks, and ten are guaranty savings banks. In addition, there are thirteen trust and banking companies, nine of which have savings departments; twenty building and loan associations, and one co-operative credit association. One additional trust company was organized under chapter 109 of the Laws of 1915-the Suncook Bank in the town of Pembroke, and has just begun busi

ness.

The total amount of savings deposits in the savings banks and savings departments of trust companies on June 30, 1916, was $117,006,596.41,-an increase for the year of $6,210,229.24. This is the largest annual increase in twenty-six years, or since 1890, when the total deposits of the savings institutions of the state were $66,645,027.70. In these twenty-six years the deposits have almost doubled, in spite of the losses incident to the panic of 1893. In the six years succeeding 1893 the aggregate deposits dropped from $77,618,291.90 to $61,873,385.92. From 1899, when the tide turned, there has been a gain of $55,133,210.49. The deposits of our savings institutions, therefore, are almost twice what they were seventeen years ago; and more than half of this gain has been made in the past six years.

The following table shows the amount of deposits received, the aggregate dividends declared, and the amount of withdrawals for the years 1915 and 1916, in compari

Twenty-eight savings institutions, with deposits of $78,341,134.30, paid regular dividends at the rate of four per cent. One savings bank, the Dartmouth, paid its regular dividend of three and one-half per cent., and declared an extra dividend, which, distributed over the past five years, made its rate for depositors of that period slightly in excess of four per cent. So that twenty-nine savings institutions, with deposits of $79,618,909.15, paid dividends at the rate of four per cent. Thirty-one, aside from the Dartmouth, with deposits of $30,897,560.20, paid three and one-half per cent. Six, with deposits of $6,490,127.06, paid three per cent.

The total dividends declared during the year were $4,125,182.71, an increase over the previous year of $184,810.10.

The following table is a comparative showing of the liabilities, resources and premium of the savings institutions of the state for the years ending June 30, 1915 and 1916: