SAVINGS BANKS. 



447 



posited with them, in the securities enumerated, as 

 soon as practicable, except that, for the purpose of 

 meeting current payments and expenses in excess 

 of receipts, there may be kept an available fund of 

 not exceeding 10 per cent, of the whole amount of 

 deposits, which may be kept on hand, or on deposit 

 with banks or trust companies to an amount not 

 exceeding 25 per cent, of their paid up capital and 

 surplus ; or such available fund or any part thereof 

 may be loaned on the pledge of such securities as 

 savings banks arc by law authorized to invest in. 

 The real estate that they may hold and convey is 

 such as may be requisite for a banking-house, the 

 cost of which is limited to 50 per cent, ot the surplus 

 of the bank, and such as may be purchased at sales 

 upon foreclosure of mortgages owned by the bank, 

 or upon judgments or decrees obtained for debts due 

 to it or in settlements effected to secure such debts. 

 Trustees are prohibited from loaning the moneys 

 deposited with them, upon notes, bills of exchange, 

 drafts, or other personal securities, and it is unlaw- 

 ful for savings banks to deal or trade in any goods, 

 wares, merchandise, or commodities whatever, rx- 

 cept as expressly authorized ; or in any manner to 



buy or sell exchange, gold or silver, or to collect or 

 to protest promissory notes, or time bills of ex- 

 change. And no savings bank can lawfully make 

 or issue any certificate of deposit, payable either on 

 demand or at a fixed day, nor pay any interest ex- 

 cept regular quarterly or semi-annual dividends 

 upon any deposits or balances, nor pay any interest 

 or deposits, or portion of a deposit, or any check 

 drawn upon itself by a depositor, unless the pass- 

 book of the depositor be produced, and the proper 

 entry be made therein at the time of the transaction. 

 Every savings bank is required to make a full 

 report in writing of its condition at least twice, in 

 each year, verified by the oaths of the two principal 

 officers of the bank. The reports made for January 

 and July are based on examinations of assets and 

 liabilities made by a committee of not less than 

 three trustees ; the accuracy of the examinations is 

 required to be verified by the oaths of the trustees 

 making the same. An accurate balance of the de- 

 positor*' ledgers is also required to be taken semi- 

 aunuaily, and if there be discrepancies between 

 them. and the general ledger of the bank the fact 

 must be stated in the semi-annual report. 



TABLE II. 684 SAVINGS BANKS, 1886-87. 



RESODECII. 



LIABILITIES. 



Loans on real estate 



Loans on personal and collateral security 



Other loans and discounts 



Overdrafts 



U. 8. bonds 



State, county, and municipal bonds 



K. K. bonds and stocks 



Bank stocks 



Other stocks, bond*, and mortgages 



Due from other banks and bankers 



Real estate, furniture, and fixtures 



Current expenses and taxes paid 



Cadi 



Other resources 



$457,441 ,fi6 

 145..-, 



37,904.S17 



00,135 



180.24S.751 



215,70+, M-~> 



74.408,931 



40,<Ki7,680 



50,684,:.>27 



5fl.l09,7:>7 



l.l,H3ll,750 



1,761,450 



18,005,235 



70,980,412 



Capital stock paid In 



Surplus fund 



Other undivided profits 



Dividends unpaid 



Individual deposits 



Due to other banks and bankers . 

 Other liabilities 



$10,090,866 



119.6H5.3IO 



7,204i3 



193,386 



1,235,736,009 



4*0,783 



4,649,372 



Total. 



1,377,660,724 



ToUt 



1,377,660,724 



TABLE III. DEPOSITS OF SAVINGS BANKS n. THE UNITED STATES. 



Etlmtcd. 



The bank superintendent makes annual reports I least once in two yenr*, either personally or by some 

 to the legislature of I ho condition of all of the iv- ' competent person, visits nnd examines each savings 

 ings bauksj in operation in the State ; he also, at bank transacting business in the State. The super- 



