Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1905-11-30
INSPECTION OF FINANCE.
Annual Report Of the banking Depart.
ment Of state Of Vermont.

Islard Pond. Nov. 27.--Luthcr \. Cobb.
inspector of finance. has issued his
annual report of the banking department
of the state Of Vermont with certified
statements of the condition of the saw
and Loan associations. and the foreign
banking company doing business in the
state. for the year ending June Jo 1905.
1t is summarized as follows.
The number of savings banks and trust
companies now in active operation is
forty-tivc. OF which twenty-five are
mutual savings banks and twenty-three
arc trust companies. This is an increase
of three trust companies during the year.
The following institutions having OPEN
cd for business since the last report:
Swanton Savings Bank and Trust Co..
opened September ~. 1901.
The Central Savings Bank & Trust CO..
March l. 1905. and the West Rutland
Trust Co. on June d. 1905.
SAVINGS BANK DEPOSITS.
The total deposits of the savings banks
and trust companies on June 80 1906.
was Sn37l, a01.6S, which is All increase of
s24l3.il6.1l during the year. OF these de-
posits. savings banks held SS4. 263, ,9l7. 70,
and trust companies. s15 l07. .aS9.a.. The
savings banks show $l.5A s7l3s and the
trust companies ssoS.s7l.3s increase for
the year.
The number of depositors is now IA. $685.
y gain of 4.4.i. There are 12.15s resident
dcpositors and 1910 nonresident. The
resident depositors have increased 3,jOe
and the the nonresident 967
The amount on deposit by the residents
is Ml 3.3 Si.?o, an in, rease of $685. +49. 80
while the non-residents are deposit
tors 10 the amount Of $7.9SJ, 2232. .9O
which is an increase Of A3S'cl5H The
average deposits for all dcpositors is
Sii2.Cs. an increase of s633.
The average deposit for each resident
dcpositor is S397,j0. an increase of S66s
The average for the non -resdcnts Is
s siS9.i,, an increase of IL cents each.
of In" deposits S5,t1i.0@.I5 are made
hv 1880 doposlto's who have in each case
deposits in cXccSs of sa,mOp
Tho total resources Of the banks are now
S''', 9i.. i"'.%7 an increase of 3d. lo9 255.b7 for
the yr,r.
TRUST COMPANIES.
i'he savings banks and trust COM
p,nics have surplu. aud profits of S. IO2 :
Ca1.jS. which Is an increase of $Slo 40 ~
for the year 'rhe surplus and profits are
now u as-l00 per cent. of the deposits =
The surplus aud profits OF tho savings
banks arc s3a5s. .7ii.6.. an increase ut S.U,.
397 6;;.
The trust companies surplus and profits
arc SS'3.3eea.96. an increase of SIla Size
Tho banks have paid taxes during the
year amounting to $a23 i6l.7o The savings
banks have paid SEQ, ,35l.97 of this amount,
which is an increase of s.. l25l5. The trust
have paid $93. lG975, which Is
s., S32. 10 more than they paid last year.
The expenses exclusive of taXes) of the
savings banks and trust companies for
the year have been $25s. .9j4.36. an increase
of $ls.S.OO over the expenses OF The pre-
ccdInE year.
The expense Of the savings banks were
sl37.6757O. mn Increase Of Sll, l,0a9.7s.
The expenses of the trust companies
We're sl.l,3-s.td, which is an increase OF
sS,1;2aaa.
thousand dollars Nl,O0V.OW Of deposists
was s5.?i. an Increase of Nfie-n cents
G.l6)
The average expense for each one
thousand dollars Vl.000.m of deposits OF
savings banks WAS N.o?. an increase of
sixteen cents Nls)
The average ,Xpensc OF each one ,hous.