ABSTRACT OF ANNUAL REPORTS OF THE SAVINGS BANKS AND INSTITUTIONS FOR SAVINGS, SHOWING THEIR CONDITION AT THE CLOSE OF BUSINESS OCTOBER 31, 1918. ABINGTON SAVINGS BANK, ABINGTON. 6 CENTRE AVENUE. Incorporated March 17, 1853. Number of corporators, 61; number of trustees, 16 WILLIAM J. COUGHLAN, President. LEON S. FAIRBANKS, JAMES E. MARSHALL, Clerk of the Corporation. Board of Trustees: W. B. ARNOLD, C. L. BAKER, W. J. COUGHLAN, E. G. CROSSLEY, G. E. FA L. S. FAIRBANKS, G. R. FARRAR, I. C. HOWLAND, G. W. KELLEY, W. E. LYON, A. H. NA O'BRIEN, C. M. PACKARD, F. E. PERKINS, W. H. THAYER, F. G. WHEATLEY. Board of Investment: C. L. BAKER, W. J. COUGHLAN, W. S. O'BRIEN, C. M. PACKARD,, W. H. F. G. WHEATLEY. Auditing Committee: A. H. NASH, C. M. PACKARD, W. E. LYON. Deposits draw interest from first Tuesday of January, April, July and October; dividends able the first Tuesday of April and October. Business hours: 9 A.M. to 12 M.; 1 to 4 P.M. days, 9 A.M. to 12 M.; also Fridays, for deposits only, 7 to 8 P.M. STATEMENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes Railroad bonds and notes Street railway bonds Boston Terminal Co. bonds American Tel. & Tel. Co. bonds Stocks of banks and trust companies 644 loans on real estate (average of each, $2,657.01) 39 loans on personal security Bank building and fixtures (estimated value, $35,000; assessed value, $45,700) $38. 831 101 60 59 1,711 167 30 33 1 56 2 $3,446 $3,115 157 151 $20,552 10 $746 81 1,084 32 1,831 13 18. 3. Rates on Investments and Loans (Average on All, 5.23%). Real estate loans (average rate, 5.89 per cent.): 5%, $185,425; 5%, $6,600; 6%, $1,519,091. Personal loans (average rate, 5.72 per cent.): 52%, $8,000; 6%, $112,384; 64%. $10,000; 6%%, $10,000; 7%, $16,000. Bonds, stocks, etc. (average rate on amounts invested, 4.39 per cent.): 3%, $30,000; 32%, $213,600; 4%. $682,900; 44%. $120,000; 42%, $126,000; 5%, $117,600; 5.15%. $15,000; 54%, $1,200; 5.40% $20,000; 5%, $20,000; 6%, $12,800; 8%, $6,300; 12%, $10,000; 20%, $27,500. Number of loans not over $3,000 each, 546, amounting to $684,680. 24 real estate loans made during year, amounting to $27,850. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: April, 1918, 24% Number of deposits during year, 2,504, amounting to Number of withdrawals during year, 3,773, amounting to Net increase in amount due depositors $68,291 51 68,362 82 248,210 80 $384,865 13 383,725 15 $1,139 98 |