Author: Massachusetts Commissioner of Banks

Publisher: Forgotten Books

Published: 2018-09-09

Total Pages: 246

ISBN-13: 9781391272955

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Excerpt from Annual Report of the Commissioner of Banks, for the Year Ending October 31, 1947, Vol. 1: Relating to Savings Banks and Institutions for Savings Since the filing of the last Annual Report of the Commissioner of Banks in January 1947 we have moved further into the post-war period, and while the banking industry has been affected by changes brought on by the transition our national economy has been undergoing, I am pleased to reiterate the statement of a year ago that our banks are in sound and highly liquid condition. The State Banking Department has supervision of 1118 financial institutions (including 205 small loan agencies) whose combined assets continued their for ward movement and today exceed seven billion dollars, the highest in the history Of the Commonwealth. Based on the latest figures available it is interesting to note that no more than two, and probably only one State in the country exceeds Massachusetts in the dollar total of bank assets under state supervision. This growth which has developed in spite of the loss of two trust companies through consolidation with, and absorption by national banks, and in the face Of a slackening in the rate Of growth generally throughout the country caused by many factors, not the least of which has been the rising cost of living, is an effective demonstration of the thrift of the people and their confidence in our banks, and further evidence of the importance of our State Banking system. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Download or read book Annual Report of the Commissioner of Banks, for the Year Ending October 31, 1947, Vol. 1 written by Massachusetts Commissioner of Banks and published by Forgotten Books. This book was released on 2018-09-09 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Annual Report of the Commissioner of Banks, for the Year Ending October 31, 1947, Vol. 1: Relating to Savings Banks and Institutions for Savings Since the filing of the last Annual Report of the Commissioner of Banks in January 1947 we have moved further into the post-war period, and while the banking industry has been affected by changes brought on by the transition our national economy has been undergoing, I am pleased to reiterate the statement of a year ago that our banks are in sound and highly liquid condition. The State Banking Department has supervision of 1118 financial institutions (including 205 small loan agencies) whose combined assets continued their for ward movement and today exceed seven billion dollars, the highest in the history Of the Commonwealth. Based on the latest figures available it is interesting to note that no more than two, and probably only one State in the country exceeds Massachusetts in the dollar total of bank assets under state supervision. This growth which has developed in spite of the loss of two trust companies through consolidation with, and absorption by national banks, and in the face Of a slackening in the rate Of growth generally throughout the country caused by many factors, not the least of which has been the rising cost of living, is an effective demonstration of the thrift of the people and their confidence in our banks, and further evidence of the importance of our State Banking system. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.