New Britain Herald Newspaper, December 4, 1929, Page 20

{ [ NEW BRITAIN DAILY HERALD, WEDNESDAY, DECEMBER 4, 1929. To Our Depositors and the New Britain Public: Our Annual Report as of September 30th. 1929, has been audited and forwarded to the Bank Commissioner of this state. It shows that during the year ending Septembcr 30th, |929.. the Burritt Mutual Savings Bank increased its deposits (exclusive of School Savings accounts) ---- $148,649.31 Increase in School Savings accounts 3,998 47 Total Increase in deposits $152,647.78 Exclusive of School Savings accounts the number of depositors increased 418 New accounts opened during the year $355,974.22 was credited to Depositors during the year as interest. A reserve of $9,000 was set up for interest on School Savings deposits. Investment Changes as Follows: | Loans on Real Estate Increased $243,000.00 Loans Secured bv Collateral Increased ~ 208,000.00 Railioad Bonds Owned Increased 266,000.00 Government Bonds Owned Increased 85,000.00 Purchase Monev Mortgage .. ..oooooiiiiiiiiii i Increased 100,000.00 Bonds of Canacian Provinces Owned . Increased 16,000.00 Public Utlity Bonds Owned Increased 13,000.00 T . $931,000.00 IncTeaseRin gl cpos S REr PO RO $153,000.00 Increase in Surplus and Profit and Loss Account 296,000.00 Decrease in Bank Stocks Owned 222,000.00 Decrease in Real Estate Owned 148,000.00 i 112,000.00 ~ $931,000.00 The Market Value of its securities above amount at which they are carried on its books, are as follows: Priced as of Nov. 22nd Bank Stocks Owned $638,000.00 Surplis and Profit and Loss Account Actual Inventory Surplus Valued as of Nov. 22, 1929 $1,350,000.00 This Bank paid 59 interest during the year to its regular depositors (214 and V4 of 19% extra March 31st. 1929 and 2V4 and Vi of 190 extra September 30. 1929) and interest at the rate of 4/2% per annum to 1ts School Savmgs dep051tors. Its Total Assets September 30,1929, Amounted to $8,574,171.45. W. E. ATTWOQOD Vice President and Treasurer Bumtt Mutual Savmgs Bank OFFICERS DIRECTORS J. E Cuopu President James S. North W. E. Latham At t\mo(] \ ice President and Treasuicr A. N. Abbe Ernest W. Pelton F. G. Vibberts, Secretary W. H. Booth Reuben C. Twichell Walter Meyer, Assistant Treasurer ' Joseph R. Andrews ]*._7, —_—