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EIGHTEENTH ANNUAL REPORT

OF THE

BOARD OF COMMISSIONERS

OF

SAVINGS BANKS.

1893.

PART II.

CO-OPERATIVE BANKS, COLLATERAL LOAN COMPANIES,

MORTGAGE LOAN AND INVESTMENT COMPANIES.

BOSTON:
WRIGHT & POTTER PRINTING CO., STATE PRINTERS,

18 Post OFFICE SQUARE.

1894.

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Commonwealth of Massachusetts.

OFFICE OF THE BOARD OF COMMISSIONERS OF SAVINGS BANKS, ]

COMMONWEALTH BUILDING, Boston, Feb. 26, 1894.

To the Honorable the Senate and House of Representatives in General Court

assembled,

The Board of Commissioners of Savings Banks herewith presents Part II. of the eighteenth annual report of the Board, relating to co-operative banks, collateral loan companies and mortgage loan companies, placed by statute under its supervision, showing the condition of the following institutions at the close of business Oct. 31, 1893, viz. :

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CO-OPERATIVE BANKS. Permission has been given during the year to organize the following banks, viz. :

Middlesex Co-operative Bank of Lowell; incorporated Nov. 2, 1892; commenced business Nov. 3, 1892.

Mount Washington Co-operative Bank of South Boston ; incorporated June 14, 1893 ; commenced business June 21, 1893.

The Palmer Co-operative Bank of Palmer has discontinued business, and distributed its assets, without loss, to the shareholders. We recommend that this corporation and the Frank

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