Commonwealth of Massachusetts. OFFICE OF THE BOARD OF COMMISSIONERS OF SAVINGS BANKS, 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 its twenty-sixth annual report, relating to the institutions now under the supervision of the Board. The number of such institutions on the 31st of October last, to which date the statutes, require the annual reports to be made, was 355, viz. : 186 savings banks, 36 trust companies, 128 co-operative banks, 3 collateral loan companies, 2 mortgage loan and investment companies, with aggregate assets of about $816,000,000. Part I. of the report herewith submitted gives the statistics of 186 savings banks with assets of . 36 trust companies with assets of 3 savings banks in hands of the courts. 1 trust company in hands of receiver. $596,094,818 80 Information regarding the institutions last mentioned is given on pages viii, ix and xiii; abstracts from the annual reports of the others are appended hereto. Part II., to be submitted later in the session, will include the reports of 128 co-operative banks. 3 collateral loan companies. 1 mortgage loan company. 1 mortgage loan company in hands of receiver. During the year ending October 31 last, two new institutions The Revere Co-operative Bank, at Revere; and the The following table gives the rates of dividends declared during the year, as compared with those of the previous fiscal Those banks (98 in number) which declared dividends at 2 banks paid 14 per cent. the first term, 14 per cent. the second term. The total amount of dividends declared was $19,313,792.99, - an increase of $646,465.45 over the amount declared in the previous fiscal year; the average rate for the year was 3.75 per cent., as compared with 3.81+ the preceding year. The decrease in rates of dividends within the last five years Three banks have commenced business since Oct. 31, 1896; during the past fiscal year 2 of these paid 4 per cent., the other The annexed statement gives details of the business of the The amount deposited during the year, say $96,531,498.85, The amount withdrawn during the year, say $95,535,702.81, was the total of 1,224,413 withdrawals, an average of $78.03 Compared with the previous fiscal year, these figures show an increase in deposits of 65,754 in number and of $3,431,874.81 in amount; also an increase in withdrawals of 50,055 in num- ber and of $6,011,102.85 in amount. The average of deposits was $62.47, as against $62.93 the previous year; the average of withdrawals being $78.03, as compared with $76.23 the previous year. Notwithstanding the increase of rising $50,000 in the aggre- gate expenses of the banks, the ratio of expenses remains about the same, being less than one-fourth of one per cent. of the |