New Britain Herald Newspaper, October 31, 1925, Page 14

\Burritt Mutual Savings Bank To Depositors— Our Annual Report, as of September 30, 1925, has been audited and fofiarded to the Bank Commissioner of this state. It shows that during the year ending September 30, 1925, it increased its deposits, exclusive of School Savings $390,541.89 Increase in School Savings 25,707.48 Total Increase in Deposits . . . . . . . . . . . .. ... ... $41 6,249.37 Exclusive of School Savings Accounts the number of its depositors increased 544. New Accounts opened during the year, 1,941. It credited interest to depositors during the year the sum of $230,379.10 and set up a reserve for interest on School Savings Accounts of $6,500. Investment Changes as follows: Real Estate Loans Increased $458,900.00 Public Utility Bonds g 76,325.00 Muvnicival Bords . . . . . . . . . . .. ... ... “ 31,042.50 Railroad Bonds i 30.250.00 Bank Stocks b 21,610.50 $618,128.00 U. S. Certificates of Indebtedness Decreased $78,900.00 Collateral Loans 52.585.00 Bonds of Foreign Countries . . . . ° - 17,502.60 148,987.60 Increase in Securities owned . . . . $469,140.40 Market Value of its Securities above amount at which they are carried on its books are as follows: Municipal Bonds $625.60 Public Utility Bonds 2,300.00 Bonds of Foreign Countries ‘ 13,642.45 Government Bonds 35318.74 Railroad Bonds 49.485.00 Bank Stocks 333,801.94 $435,173.73 Surplus : 225,000.00 Actual Surplus $66(j, 1773.73 The Bank paid 5% interest during the y=ar to its regular depositors— 2V4% and VY49 extra April 1, 1925. 2149 and Y49% extra September 30, 1925. and interest at the rate of 4149 per annum to its School Savings depositors. W. E. ATTWOOD, Vice-President and Treasurer OFFICERS DIRECTORS J. E. Cooper, President James S. North Joseph R. Andrews W. E. Attwood, Vice-President and Treas. A. N. Abbe W. E. Latham F. G. Vibberts, Secretary W. H. Booth Ernest W. Pelton Walter Meyer, Assistant Treasurer Reuben C. Twichell