Connecticut western news., 1909-01-14
FACTS CONCERNING
 VICINITY BANKS
EXTRACTS FROM THEIR REPORTS

Foreigners Drew Deposits ana Re-
 turned Home and Banks Profited
 Thereby. -..... /.
 The report of the bank commissioners was circulated last week. containing statement of the condition of Connecti- cut banking institutions on October 1. 1908. It shows that the total deposits are $4, 273, ,294. .78 less than they were dur ing the previous year, that the total sur plus and profit has increased, that there has been an increase in bank investment in government bonds, decrease in per sonal security and collateral security loans, an increase in real estate loans, a decrease in railroad bond and bank stock investment, an increase in cash on hand in banks. Eighty of the 88 banks pay per cent. interest, two pay 354, and five pay 311a..
 We present few figures relative to the savings banks in this section in which NEws readers are most interested, i. e, Canaan, Falls Village, Lakeyille and Thomaston. Where the deposits show a decrease it is largely due to the with drawal of deposits by foreigners who re- turned to their native lands last fall, but inasmuch as they obtained their funds shortly before an interest day, the withdrawals proved benefit rather than h draw back to the banks. The majority of these foreigners will return to Amer ica in the spring, however, to accumu- late more funds and will again become depositors.
 The assets of these banks consist in nearly every instance of loans on real es- sate, loans on collateral security, loans and borough notes and orders, town, city, school district and corporation bonds. railroad bonds, bank stocks in Connecticut and other states, real estate by foreclosure, banking house, premium : account, expenses on real estate and tax es. cash in banks, cash in vault; and the liabilities consist of amount of deposits, surplus account, interest account less current expenses and taxes paid, profit and loss account, and rent account where business is done in leased quarters.
 The assets of the Canaan Savings Bank amount to $S31, ,224.76 and the lia- bilities are as follows: Deposits $311.. 112.08; surplus SIG. 600; interest, less cur rent expenses and.taxes $8, 051 .86; profit and loss $f ,17s.72; rsnt $S87.1o. Num- ber of depositors having less than $1 900, 949; having $1 .000 and not over $2, 900, TO; having over $2 900 and not over $1O, 900, 13; total depositors, 1,032; largest amount due single depositor. $4 500. Il; accounts opened during the year, 1855; closed. 205; decrease, 20; amount depos- ited, including interest credited, during the past year. $89, 9,507.00; withdrawn, $81, ,O68. .52; increase, $8,438.48; income during year, $13.116.72; expenses, $951.- 40; state tax, $5O6.06; taxes and assess ments, $46.50; premiums, $S5000; divi- dends, 1A DOT cent, October 1. 1907, $4,761.9 .96. April 1, 1908, 4,438.95; largest amount loaned on mortgage, $4,00O; largest personal loan, $5, 900: largest col lateral loan, $2,10o.
 Falls Village Savings Bank has assets of S687, ,433 .88; liabilities: deposits, $648.- 458.85; surplus, $50 0,000; interest, etc., $8,97503 Miscellaneous items: number of depositors having less than 1000, 1,147; having $1 ,000 and not over $2, ,0O0, 135; having over $2,000 and not over S1O,OOO. 57; having over SIG, ,0OO, 9; num- Der of depositors. 1,341; largest amount due single depositor, SIS, 100; accounts opened during the past year, 115; closed, 152; decrease, 37; amount deposited, in cluding interest credited, during the past year, SIS. .5S9.5 .52; withdrawn, $122,- 876. .38; decrease, $4, 4,286.S6; income dur ing year, $50, ,529. .61; expenses, $4, ,393. .35; dividends, 1A per cent. January, 1908, 9l0. 0.991. .42, July. 1908, $10, ,937.24; largest amount loaned on mortgage, $5,000: largest personal loan. $6, 800; largest col lateral loan, $15.ooo.
 Salisbury Savings Society, Lakeville: Assets, $1,O9s.s71 77; liabilities: depos- its, $971, ,362. 19; surplus, 5000; profit and loss, $24, ,009.58. Miscellaneous items: 6epositors having less than $1 900, 2,208; having $1, 900 and not over $2,000, 193; having over 8 ,000 and not over $1O ,0OO. B. total number of depositors, BATS; largest amount dae 8 single depositor, S14, 39; accounts opened during year, 234; closed, 224; increase, 10; amount deposited. including interest credited, during the past year, $163.779 IT; with drawn, $151, ,789 o3; increase, $11, ,990. IA; income during year, $45, ,083.95; total expenses, including salaries, $4,281.99; dividends: 1A per cent, October 1. 1907;