New Britain Herald Newspaper, November 3, 1923, Page 12

NEW BRITAIN DAILY HERALD, SATURDAY, NOVEMBER 3, 1923, = = = e ———— To Depositors— L] Our Annual Report, as of October 1st, 1923, has just been completed, audited and forwarded to the Bank Commissioner of this state. It shows that during the year just completed it has increased its deposits, exclu- o o T BT U RIS B R I I $850,760.11 ; School Savings Deposits have increased ......................ccooi 54,711.06 1 Total increase in deposits .. .............coooouiuiiiiiiiiiiiiiiiii $905,471.17 Exclusive of School Savings the number of its depositors increased 1279. New accounts opened during the year, 2663. It credited interest to depositors during the year the sum of $156,331.67 and set up a reserve for in- terest on School Savings of $2,800. It increased its Surplus $25,000, making Surplus Account $175,000. Investments changed as follows: Real Estate Loans .............cooovviiriiiiiiiniiniiennnn. Increased $577,000. U. S. Government Securities ...................ccovvveiinnns 7. 244,000. Railroad Bonds ............... .ottt Bonds of Dominion of Canada and its Provinces.............. ; TR T O g S P e 5 i $1,085,000. Al B oo i v s on b e oy Decreased $ 77,000. T R R NN 72,000. Public Utility Bonds .......................ccooviiiinnt, 6000. R DR P SN 6,000. . $160,000. Increase in Securities owned .....................0iinl. $925,000. Market Value of the Securities above amount at which they are carried on its books are as follows: I B . s s s 897.80 U. S. Bonds and Certificates of Indebtedness........................ 6,184.75 Dominion of Canada and its Provinces ............................. 11,076.61 BTN O - - oo i i o ke i v R SR SRS B RA R 32,425.00 American Telephone & Telegraph Co. Bonds......................... 3,237.50 Bl Bl e v b et 83,957.95 $137,779.61 ......................................................... 17500000 A B e e e 3312 779.61 The Bank paid 419 interest to depositors during the year — 21% April Ist, 1923 and 21% October Ist, 1923. y W. E. ATTWOOD, Vice-President and Treasurer Officers —J E. Cooper, President, Directors—James S, North W, E. Latham . G. Vibberts, Secretary A. N. Abbe Ernest W, Pelton \\ alter Meyer, Assistant Treasurer. W.H.Booth Reuben C. Twichell W. E. Attwood, Vice-President and Treasurer Joseph R. Andrews