Norwich bulletin., 1909-01-02
ANNUAL REPORT OF
THE BANK COMMITS SIONERS.
Decrease in Depositors of Nearly 1000
in the State-Deposits Drop Four
and a Quarter Million.

Bank Commissioners g. II Noble
and Norris S. Lippitt have sumbitted
their annual report to Governor Wood
ruff with the annual statements Of
the savings banks as of October /,
1908, together with the statements Of
the state banks and trust companies
showing their condition at the close
Of business. September %, 1908. and
also the statements of trust compa-
MES having savings departments as
returned for October l, 1908"
Savings Banks.
There were 536,l69 depositors in the
savings banks on October /, 1908, and
the total amount of the deposits was
1852, 09S. 1868. On October l, 1907,
the deposits amounted to S256,372,-
06l So, showing a decrease of $4,275,-
294.78.
There were, o n October l. 1908,
461,579 depositOrs having less than
$1,000 eac hon deposit, those having
from $1,000 to $4,000 numbered 49,,
492. There were 24681 depOsitors
each of whom had from $1,000 to S1O,-
000 and All persons mad each $4,000
and over on deposit.
The largest amount due q single
depositor was $56,2S2.S2.
During the year 70,045 new ac-
counts were opened. and there were
1858 accounts closed.
The amount deposited during the
year, including interest credited, was
S5s359, $3.50 and the amount with
drawn was $62,632,SSS %.
The total assets of savings banks
on October l. 1908, amounted to
$267.272 0216S. and on October 1,
1907 they amounted to $270,935,-
1885.
The liabilities Of the banks amount
ed to $267272, O2LSS on October I,
1908, and to 270,9S5, 319.S6 on Oc-
tober l, 1907.
Eighty banks paid 4 per cent. div
idend and the dividends amounted to
1892. 396.2S Two banks paid
dividend of 3 ga per cent, making a
total amount Of $225,662.15, and FIVE.
whose rate was per cent. paid $780,
432.11 in dividends. There was one
bank which did not pay a. dividend,
The commissioners say in their re-
port: THE number of depositors has
decreased 800. and the decrease in
deposits Of $4273.294.7s, compared
with the gain reported in 1907 Of
S10,107 076.92, illustrates to what ex-
tent the panic of 1907-'0S was felt.
The commissioners take advantage of
this opportunity to offer theirecon graf
ulations to the managers of our bank
ing Institutions for the excellent way
in which the charge entrusted to them
restraining order to the Stonington
savings bank expired October 3, 1908,
and a further order was issued re-
straining payments to July 3. 1909"
State Banks and Trust Companies.
The assets and liabilities Of the state
banks on October 1, 1908, amounted
to 81, 632, S96.23, and of the rtust
companies to $27S19970.2S.
The ifpT17iZn6 efateu1auf If fbn do
posits of savings banks shows that
as a rule those making an increase
are banks located in small towns
Those whish show an increase since
October, 1907, are the Bridgeport Saw
ings bank the Brooklyn savings bank
the Canaan savings bank, the Dime
savings bank of Cromwell the Dime
savings bank Of Wallingford, the Hig-
ganum savings bank, the MoOdus saw
ings bank Naugatuck savings bank,
New Canaan savings bank New Hart
ford savings bank, New Milford saw
ings bakn, Norfolk savings bank,
Norwalk savings society, Peoples
savings bank Of Bridgeport, Peoples
savings bank of New Britain, Peoples
sa ving bank Of Rockville, Salisbury
savings society, savings bank Of Matn-
chester savings bank Of Holland saw
ings bany of. Danbury Shelton saw
ings bank, Stafford savings bank,
Thomaston savings bank, Union saw
ings bank Of Danbury Westport saw
ings bank and the Willimantic saw
ings institute As in past years the
largest individual deposit is held by
the Norwich savings society and It
amounts to S562S292