New Britain Herald Newspaper, October 27, 1928, Page 14

" NEW. BRITAIN DAILY HERALD, SATURDAY, OCTOSER 1, M To Our Depositors and the Ne,_w_ Brltaln Pubhc Our Annual Report as of September 29th, 1928, has been audlted and forwarded to the Bank Commussioner of this state. It shows that during the year ending September- 29 |928 tbe Bumtt Mutual - e Savings Bank increased its deposits (exclusive of School Savmgs)i.:‘ 0$63| 428 |9 Increase in School Savings : Total increase in deposits el ST $63'|',794.._76 Exclusive of School Savings accounts, the number of its deposltors mcreascd 453 : New accounts opened during the year $336,981.56 was credited to Deposntors during the year as interest. A reserve of $9,000 was set up for interest on School Savings Investment Changes as Follows: Loans on Real Estate Loans on Collateral : ; : Increased 143,000.00 Bonds of the Canadian Provinces ' 228,000.00 Bonds of United Kingdom of Great Britain 25,000.00 Public Utility Bonds Bank Stocks Real Estate Owned Reserve Interest School Savings Deposits —$1.212000,00 Increase in Deposits Increase in -Surplus, Profit and Loss Account Decrease in Municinal Bonds Held Decrease in U. S. Government Bonds Decrease in Railroad Bonds Decrease Cash on Hand and in Banks : ! o ; : $1,212,000.00 The Market Value of its securities above amount at which they are carried on its books, are as follows: 3 Municipal, Public Utility, Railroad, Dominion of Canada and its Provinces, Great Bntmn and Ireland, and U. S. Government Bonds Bank Stocks Surplus Account Profit and Loss Account This Bank paid 5% interest during the year to its regular depositors of 24 and V4 of 19 ei(r; March 31st, 1928 and 2V4% and V4 of 19 extra September 29, 1928, and interest at the rate of 4'/2% per annum to its School Savings depositors. Its total assets September 29, 1928 amounted to $8,124,372.38. : : : ATTWOOD, - OFFICERS J. E. Cooper, President W. E. Attwood, Vice President and Treasurer F. G. Vibberts, Secretary Walter Meyer, Assistant Treasurer