List of Safe Deposit, Loan and Trust Companies chartered by this Commonwealth and now transacting Business, giving the Amount of Capital, Surplus, Deposits, Trust Funds, etc., Oct. 31, 1893. B. M. C. Durfee Safe Deposit and Trust Company, Fall River, Boston Safe Deposit and Trust Company, Boston, Cambridge Safe Deposit and Trust Company, Cambridge, Massachusetts Hospital Life Insurance Company, Boston, 79,681 38 367,395 16 359,470 53 April 22, 1869, 1,000,000 00 1,000,000 00 444,005 84 12,087,177 63 1,895,503 18 4,310,022 05 Old Colony Trust Company, Boston, May 8, 1890, 1,000,000 00 500,000 00 210,248 53 8,426,137 00 3,674,723 62 Plymouth County Safe Deposit and Trust Company, Brockton, Security Safe Deposit and Trust Company, Lynn, Springfield Safe Deposit and Trust Company, Springfield, State Street Safe Deposit and Trust Company, Boston, Worcester Safe Deposit and Trust Company, Worcester, $2,951,742 91 $67,808,175 43 $7,533,292 68 $15,142,748 04 Suffolk Trust Company. This company was enjoined by the Supreme Judicial Court, Sept. 3, 1891. It must not be supposed, however, that because it has been in the hands of a receiver for over two years the liquidation of its assets has been unnecessarily delayed. The character of its paper, the difficulty of transferring its various trusts, as well as the many legal questions arising through its relation with outside affairs, have all been a source of much anxiety and trouble to the receiver. The assets have been so far collected as to warrant the declaration of a dividend of thirty per cent. which was allowed by the court Aug. 25, 1893. The character of the assets remaining in the receiver's hands and the changes which have been made in them are exhibited in the following table: CONCLUSION. The Legislature of 1893, having authorized the Board to compile the laws relating to Savings Banks and Institutions for Savings and to report to the present Legislature, no suggestions or recommendations for legislation in regard to such institutions are made in this report. Whatever amendments in the opinion of the commissioners are required will be suggested in their special report on the compilation of the savings bank laws, to be submitted later in the session. In the following pages will be found a detailed statement of the condition of each institution at the close of business Oct. 31, 1893, together with the laws relating to savings banks and trust companies corrected to date. WM. D. T. TREFRY, SAMUEL O. LAMB, Board of Commissioners of Savings Banks |