Waterbury evening Democrat., 1894-01-02
STATE SAVINGS BANKS.

Annual Report of the Commissioners
 Made to Governor MOrrIs To-Day. .2
 Bank Commissioners Edward R. Doyle and Edwin A. Buck made their annual Te- port to Governor Morris to-day. .,
 The action of bank directors in en- forcing the rule requiring depositors to give notice before withdrawing their de- posits, at the time of the panic, is com mended. The report says:
 'It effectually stopped the foolish and senseless run on the banks in certain To- calities, and, as the treasurers did not strictly enforce the rule, in cases when they knew depositor needed the money, no hardship resulted. On the other hand, if notice of withdrawal had not been re- quired, it would have led to the sacrifice of good securities in an already over- crowded market and the calling in of loans on mortgages. As can readily be seen such action would undoubtedly have wrought great havoc, the results of which 1t would have taken years to overcome"
 The loans on real estate and collateral security show handsome increase of g, 739, 239.49, while the decrease of $75,- 243.9O in loans on personal security only, indicates that more care and judgment have been exercised in making loans. In the investments of United States bonds a decrease of $127. 200 is noticed.
 In the investments in other bonds, town and city bonds were the favorites, owing, doubtless, to the excellent character of those offered for sale. The increase eves last year amounts to $993, ,37S.72, as com- pared with the increase of $52. .209. II of railroad bonds and $159, 961.15 of bank stocks. ~,.
 The decrease of S242, 36S. g in real es- to lovD pieces of foreclosed property have been sold, and in many cases they were sold at a profit. The miscellaneous assets have increased $49. .251.91. while the cash on hand and in bank is $610, 0,02S.69 greater than one year ago, a wise precaution in having sufficient amount available to meet every requirement. likely to arise without parting with securities.
 The surplus amounts to $5, ,245, SS3.27 an increase of $36s, 769.O7. The interest and profit and loss also shows a splendid increase of $321, ,436.33. Other liabilities have increased from $104, ,439.9 .91 to $293, 006.66.
 The number of depositors has grown 1 during the past year from 331 ,061 to 335,- S79, splendid increase of 4,S1S, with an average due each depositor of $39S. 95. This is total of $133, 967 ,220.11 deposits, aS COu pdEeu W1Iu SIOU,OoO, SS,SS or ue- posits in 1892, showing an increase oi &, PTS, 69S.50.
 As was to be expected decrease is | shown in the number of accounts opened during the year, and an increase in the l number closed. The decrease in the num- Der opened is 3,S6S, and the increase in the number closed is 5,279. As would l naturally follow the amount of money de, posted shows a decrease which amounts to $741 1852. .38, and the amount which was withdrawn is an increase of $4, ,0S4, 51S. .69
 The following statistics are given con- l corning the local saving banks: Water | bury Saving bank-Total number of de positors, 6,611; amount of deposits; $3, 132, ,553. .54; amount withdrawn during the year, $647 ,360.9 increase since October l 1, 1892, $63, Al. .28; number of accounts | opened during the year. SIT; closed, S30 dividends declared, $13S, 716.O4; interest paid, four and one-half per cent. Dime 9,20S; total amount of deposits; 2,426,- 265. .12; amount withdrawn during the year, | $756, ,S25.S4; increase since October !. 1892. S53,627. .SS: number of accounts opened during the year. 1,438; closed, LISA; dividends declared, Si00, ,761 20 interest paid, four and one-half per cent
 West Side Savings Sank-Totsl number oi depositors, 6t6; total amount of deposits | $82, ,097.76; amount withdrawn during the year, $83, ,255.61; decrease, $2SS, S3; num- Der of accounts opened during the year, 340; closed. S32; dividends declared. $31, ,, 701. .34; interest paid, four and one-qunrtel per cent