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EIGHTEENTH ANNUAL REPORT

OF THE

BOARD OF COMMISSIONERS

OF

SAVINGS BANKS.

1893.

PART I.

SAVINGS BANKS, INSTITUTIONS FOR SAVINGS, AND SAFE
DEPOSIT, LOAN AND TRUST COMPANIES.

BOSTON:

WRIGHT & POTTER PRINTING CO., STATE PRINTERS,

18 POST OFFICE SQUARE.

1894.

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Commonwealth of Massachusetts.

OFFICE OF THE Board of COMMISSIONERS OF SAVINGS BANKS,
COMMONWEALTH BUILDING, BOSTON, January 23, 1894.

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 the eighteenth annual report of the condition of the institutions placed by statute under its supervision. By the provisions of chapter 126 of the Acts of 1890 the report is made in two parts.

Part I, herewith presented, includes the following institutions:

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Making a total of 330 institutions under the supervision of the board, with assets of $537,105,294.14,-an increase in institutions of 5, and in assets of $8,561,217.81.

* See page x for a statement of the affairs of this institution.

INCREASE IN INSTITUTIONS.

The following table exhibits the increase in institutions during the year, with the dates of incorporation and commencement of business :

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The Palmer Co-operative Bank has discontinued business during the year.

The Markets Savings Bank of Boston was chartered by the Legislature March 25, 1893, but up to the time of this report had not commenced business and consequently is not included in this report.

DIVIDENDS.

Rates of Dividends, showing Comparisons with Oct. 31, 1892.

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ORDINARY DIVIDENDS PAID DURING THE YEAR ENDING OCT. 31, 1893.

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$15,546,430 43 109,135 38

Total amount of ordinary dividends for the year,
Total amount of extra dividends for the year,
Average rate of ordinary dividends for the year, 4.09 per cent.

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The City Savings Bank of Pittsfield, which commenced business during the year.

Table showing Average Rate of Dividends each Year since 1876.

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Showing Increase or Decrease as compared with the year ending

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