The Portland daily press., 1885-12-05
MAINE SAVINGS BANKS.
Bank Examiner Richards Makes His
Annual Report.

| Bank Examiner Richards in his annual report
| to the Governor and Council says:
| The present number of depostors in the fifty
four savings banks is 1o9,398. OF this number
| S6,571 are depositors Of less than $500
and the average amount of the whole is $780,
90 to the credit of each account. This is an In
crease ,71S accounts and gain Of S9.51 toIthe
average balance.
At the close of last year there were 20,7SS de-
positors of more than $500 each while now there
are 1927. This indicates that the large Increase
of deposits has not come wholly from the saving
of small earnings, but that persons who have a
surplus income, desiring to keep their funds as
nearly in hand as possible, have become deposit
tors until the conditions of business so change as
to make it more profitable or less dangerous to in
vest for themselves. Whenever the opportunity
for private investment becomes sufficiently prom
Using, these funds will leave the banks
The aggregate of tdeposlts in the
savings banks November ], 1884,
was ..-..-.......-.....-. -. So19l3,oo0.lo
May 1, 1885, it was................ 33, ,9961S2S4
November 2, 1885, it was.......... 351l1, ,6OO04
The increase the first six months
The increase for the full year has
And during the last half of the
-..-........-..-....-.-..... 1,ll5,4l1.Z0
The reserved fund increased be- A'' O4'''
tween November l. 1884 and
And 6 between May /, 1885, and 1900 $1,000
And pai at the close Of this year it 1'o-OOo
or Gasi little more than per cent Of the deposits
Regular semi-annuaI dividends have been paid
by all the savings banks as follows:
One bank....... per cent per annum
SIX banks ks..-.........-.......5
SIX " ....................412 sc
Forty-one banks.
These dividends amounted to $685. o35.s5,
and at the close of the year there remained In the
banks 1851 ,9S6.36 in undivided profits. The in
vestment in United States bonds has decreased
during the year from s4,739,S4o to s4,421,-
7S412. There has been an increase OF holdings
in State, county and city bonds of s1,145 471.90,
the aggregate being s12,o57,73o.99 The aggre-
banks is $5,329, ,536.47 gain during the year Of
$685. 155.01. The amount invested in railroad
is S1,322 ,366.7S. This shows a slight increase
since last year. The savings banks own national
bank stock to the amount of S1,70S, 111.S3,o or
tate owned amounts to 81, ,ISS, ,S7os4. The unin-
vested cash Nov. was 81, ,016 ,509.5S The loans
ing the year from SIS, ZIG 929 IL to IS 645 969OS;
while all other loans show decrease of $780,
1857 the aggregate being $4,219,574.47. The
State Treasurer for tax on deposits, S2Oe, 1917;
this is S14 ,367 IA in excess OF any previous year.
The municipal taxes aggregate 81 14,61O.74
The following is a statement of the aggregate
liabilities and resources of the savings banks Of
Maine Nov. 2, 1886:
liabilities
Deposits. $50, III ,60O04
Reserve fund nd....................... 1,220571.14
Special reserve fund. .............. 7l,931.00
Undivided profits ........ ........ 861 ,986.36
Other liabilities, (mostly unpaid
dividends) Observation-Disclosures. 9S,3O62T
S37, ,364, ,394s1
Resources.
United States bonds. 4,421 ,78412
state, county and city bonds...... 12,o57 1909
Railroad bonds........ ............ 5,329, ,636.47
Bank stock ock....................... 1,7OS111.S3
Other corporation bonds and stock ,322, ,366.7S
Other investments (safes, etc)..... 48,499.14
Cash Observation-Disclosures. 1 1,016, ,509.5S
Real estate te........................ 1,133 979.S4
Loans on mortgages of real estate. 5,645, ,969.0S
Other loans. s........................ 4219,574.47
Premium accounts ............... 6O,332.51