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The Merchants National Bank of

Burlington, Vermont

Charter
#1197
Bank ID
1197
Years
1865–1941
Observations
77

Assets

Year assets loans odraft bonds_circ bonds_dep bonds_hand bond_premiums securities_and_mortgages securities securities_usgov securities_other due_from_nb due_from_ra due_from_other_nb due_from_other_nb_and_sb due_from_sb real_estate current_expenses internal_stamps bills_nb bills_sb checks_and_other currency legal_tender specie cash_and_exchange lawful_money cash_exchange_and_reserve us_debt redemption_fund due_from_treasurer trade_dollars frb_reserve other_assets
1865 635,021.12 363,576.22 120,000 75,100 4,627.46 43,087.43 9,700 15,330.01 3,600
1866 895,932.54 426,447.90 301,500 4,300 22,793.12 22,785.38 6,000 3,600
1867 1,051,441.25 448,039.54 0 301,500 100,000 30,000 15,663.01 1,000 74,625.01 0 6,000 0 545 191 6,918.20 520.49 62,309 0 4,130 0
1868 1,071,734.99 510,602.86 0 301,500 100,000 0 10,656.22 8,000 83,067.40 0 0 6,000 0 701 0 3,371.42 590.09 47,246 0 0 0
1869 1,035,285.53 480,348.09 0 307,000 100,000 0 273.31 8,000 68,743.97 0 6,132.57 15,000 0 713 0 8,544.91 688.68 37,841 2,000 0 0
1870 1,837,646.74 1,202,256.49 0 307,000 100,000 0 0 1,000 104,655.91 0 5,096.83 15,000 0 2,117 21,206.17 143.34 78,671 500 0 0
1871 2,064,256.57 1,107,400.25 0 600,000 100,000 0 47,585.37 1,000 97,014.12 0 5,498.10 15,000 1,066.21 730 4,647.80 459.72 81,355 2,500 0 0
1872 2,168,736.62 1,166,955.19 0 622,300 100,000 0 35,000 4,000 121,013.63 4,306.79 0 15,000 752.08 1,695 2,154.23 459.70 88,100 7,000 0 0
1873 2,368,842.76 1,290,112.07 0 622,300 100,000 0 15,000 4,000 203,761 0 3,768.20 15,000 799.78 2,424 7,047.23 680.48 67,450 6,500 30,000 0
1874 1,965,826.83 942,666.75 0 622,300 125,000 0 0 4,000 154,807.08 6,883.92 15,000 0 2,648 4,269.08 482 52,770 7,000 0 28,000 0
1875 1,791,067.62 838,927.91 0 622,300 125,000 0 0 6,255 0 90,649.79 405.05 17,000 0 1,667 4,754.24 282.63 42,926 0 0 40,900 0
1876 1,534,178.04 589,324.99 0 500,000 125,000 0 0 12,300 0 223,251.02 390.89 17,000 0 3,989 568.55 275.59 36,578 3,000 0 22,500 0
1877 1,275,659.33 511,222.01 0 500,000 50,000 0 6,793.78 7,200 0 126,101.12 40 17,000 0 6,463 3,163.70 390.72 22,885 1,900 0 22,500 0
1878 1,239,599.30 506,128.31 1,115.88 500,000 50,000 0 17,000 0 0 78,120.05 1,258.70 17,000 1,508.55 6,612 1,201.53 469.28 17,885 18,800 0 22,500 0
1879 1,315,554.97 499,685.94 994.59 500,000 50,000 80,000 10,000 0 0 79,149.16 259.17 17,000 0 6,207 7,844.78 27.33 17,006 25,781 0 21,600 0
1880 1,350,555.39 601,950.11 38.18 500,000 50,000 0 0 0 0 98,309.55 1,657.86 15,000 0 10,328 10,482.48 44.71 25,173 15,071.50 0 22,500 0
1881 1,619,688.44 839,811.82 167.34 500,000 50,000 0 0 43,000 0 89,726.40 2,418.81 15,000 0 9,228 4,971.31 29.26 31,475 11,360.50 0 22,500 0
1882 1,548,534.37 751,655.21 16.65 500,000 50,000 0 30,000 0 0 130,418.58 269.71 5,000 0 9,004 819.46 89.26 37,970 10,791.50 0 22,500 0
1883 1,728,426.58 816,759.43 0 500,000 50,000 0 0 122,630 0 98,449.80 58,860.10 5,000 0 3,645 3,369.42 18.83 27,650 19,544 0 22,500 0
1884 1,743,010.54 846,243.14 0 500,000 50,000 0 0 86,880 0 109,512.98 69,825.23 5,000 0 7,100 2,023.25 55.94 33,545 25,225 0 7,600 0
1885 2,003,789.56 923,174.67 0 500,000 50,000 100,000 20,000 109,040 0 135,676.59 62,466.75 5,000 0 12,190 4,187.20 57.85 26,493 34,150.50 0 20,900 453 0
1886 1,951,412.62 981,716.24 59.21 500,000 50,000 100,000 0 72,800 0 97,653.88 54,998.08 5,000 0 8,873 996.14 94.57 26,053 32,639.50 0 20,010 0 519 0
1887 2,026,439.61 1,080,021.90 56.75 500,000 50,000 100,000 0 15,500 0 133,910.12 73,910.97 5,000 0 3,242 1,699.16 75.71 19,250 32,323 0 11,450 0 0 0
1888 2,008,166.18 1,095,282.43 0.23 500,000 50,000 100,000 0 22,080 0 124,071.22 45,250.04 5,000 0 4,059 24.23 37.03 20,910 33,752 0 7,700 0 0 0
1889 1,979,665.30 1,169,702.78 181.97 500,000 50,000 0 0 12,500 128,089.58 56,716.99 643.25 5,000 0 831 88.40 127.83 20,424 33,519.50 0 1,840 0 0
1890 2,078,728.81 1,244,815.05 7.37 500,000 50,000 0 0 21,500 130,577.55 57,359.43 659.54 5,000 0 1,148 3,177.54 186.83 20,978 31,729.50 0 11,590 0 0
1891 2,110,185.12 1,241,684.74 1,265.30 500,000 50,000 0 0 26,500 152,578.95 51,729.24 87.84 5,000 0 8,098 665.02 307.53 17,959 40,259.50 0 14,050 0 0
1892 2,095,309.09 1,249,672.31 139.68 500,000 50,000 0 0 88,625 95,877.13 38,990.81 222.95 5,000 0 2,182 678.21 257.50 17,604 37,819.50 0 8,240 0 0
1893 2,033,890.17 1,064,100.78 197.29 500,000 50,000 0 0 118,450 163,196.35 31,668.62 1,137.05 9,000 0 1,226 840.13 436.95 36,580 48,067 0 8,990 0 0
1894 2,113,174.71 1,122,850.71 1,616.19 500,000 50,000 50,000 7,900 130,650 139,034.05 23,447.94 3,342.65 9,000 4,850 3,683.25 206.42 18,603 38,960.50 0 9,030 0 0
1895 2,189,023.17 1,107,237.06 236.90 500,000 50,000 100,000 14,500 87,600 192,092.50 20,193.81 5,581.73 35,000 1,808 904.85 500.82 22,032 37,908 0 13,427.50 0 0
1896 2,121,309.75 1,056,125.60 234.17 500,000 50,000 100,000 0 84,600 124,457.82 35,630.28 6,744.06 40,000 5,770 1,552.79 358.03 37,539 59,728 0 18,570 0 0
1897 2,277,804.59 1,150,446.46 885.41 500,000 50,000 100,000 0 126,300 155,355.92 42,684.58 13,955.28 40,000 7,618 3,583.03 323.41 15,439 58,873.50 0 12,340 0 0
1898 2,232,444.53 974,868.26 453.37 500,000 50,000 115,000 0 307,880 120,384 31,136.05 10,100.40 20,000 5,707 5,138.94 337.51 27,050 51,019 0 13,370 0 0
1899 2,386,750.08 1,032,817.41 2,375.94 500,000 100,000 0 0 430,700 155,285.03 30,510 5,085.23 20,000 12,665 2,342.04 150.93 27,170 55,028.50 0 12,620 0 0
1900 2,373,167.11 1,015,164.55 1,815.46 500,000 100,000 0 0 435,200 175,597.52 10,362.67 12,063.53 20,000 1,700 5,130 4,972.82 259.56 18,770 52,771 0 19,360 0 0
1901 2,450,121.38 1,001,454.65 388.80 500,000 100,000 0 0 490,925 176,001.86 11,265.76 5,065.51 20,000 150 35,710 13,064.10 248.20 22,440 52,837.50 0 20,570 0 0
1902 2,629,531.86 1,059,789.97 283.36 500,000 100,000 0 0 540,000 246,156.46 3,845.25 38,038.98 20,000 0 25,491 5,493.96 486.88 25,890 45,056 19,000 0 0
1903 2,564,583.78 961,576.64 3,453.18 500,000 100,000 0 0 571,000 265,963.73 2,435.28 1,750.99 20,000 0 37,793 8,041.20 348.04 30,520 49,201.50 11,500 0 1,000.22
1904 1,487,831.88 330,034.78 964.50 250,000 70,000 10,000 0 351,400 326,654.94 1,241.84 16,209.66 20,000 0 0 17,466 4,040.71 177.51 30,240 45,918 12,500 0 983.94
1905 1,190,549 336,930 200,000 312,700 52,793
1906 1,152,271 421,895 250,000 198,200 237,954 44,222
1907 926,405 325,514 250,000 63,425 249,929 37,537
1908 903,091 338,051 250,000 66,825 206,775 41,440
1909 838,961 244,438 225,000 144,000 196,442 29,081
1910 884,497 360,258 225,000 74,100 194,550 30,589
1911 865,278 281,562 225,000 182,600 145,676 30,440
1912 858,551 225,536 225,000 212,222 173,867 21,926
1913 797,620 188,444 175,000 213,724 194,164 26,292
1914 787,812 181,061 175,000 213,720 138,845 79,186
1915 780,245 279,942 150,000 244,390 81,693 24,220
1916 823,762 298,311 150,000 256,550 99,428 19,472
1917 883,890 353,268 168,841 206,750 64,525 90,506
1918 865,539 396,276 162,306 188,550 84,771 25,000 8,634
1919 1,025,677 499,832 229,124 188,300 61,725 39,196 7,500
1920 1,077,405 537,510 177,394 179,700 130,717 38,600 13,484
1921 987,780 463,121 207,026 152,350 120,294 30,679 14,310
1922 935,359 535,235 170,884 152,350 29,957 31,216 15,717
1923 972,003 552,956 150,000 145,900 76,397 32,308 14,442
1924 1,233,119 520,821 150,000 344,500 158,099 50,001 9,698
1925 1,074,646 593,818 150,000 169,713 114,177 36,308 10,630
1926 1,193,230 744,097 150,000 139,462 149,308 10,363
1927 1,248,427 755,712 150,000 124,000 206,846 11,869
1928 1,329,448 845,994 150,000 124,000 199,205 10,249
1929 1,441,672 968,779 150,000 108,113 191,788 22,992
1930 1,412,509 894,384 150,000 133,762 191,474 42,889
1931 1,207,718 698,313 150,000 132,138 183,885 43,382
1932 1,098,460 671,609 150,000 112,060 124,206 40,585
1933 1,009,227 539,745 150,000 110,812 171,562 37,108
1934 966,779 462,123 150,000 181,645 123,495 49,516
1935 945,214 349,029 0 186,163 376,657 33,365
1936 938,364 385,774 0 239,639 279,683 33,268
1937 1,041,385 494,558 0 157,988 341,519 47,320
1938 1,102,917 535,764 0 121,850 413,535 31,768
1939‡
1940‡
1941 1,326,034 760,222 2,000 90,926 446,799 26,087

‡ Gray rows indicate years where the bank appears in the Historical NIC panel but no balance sheet was reported.

Liabilities & Capital

Year capital surplus undivided_profits surplus_and_undivided_profits notes_nb notes_sb deposits us_deposits usdo_deposits individual_deposits demand_deposits due_to_nb due_to_other_nb due_to_sb due_to_tc_and_sb due_to_banks due_to_banks_and_other_liabs bills_payable certified_checks unpaid_dividends other_liabs
1865 300,000 6,472.54 29,500 211,740 85,068.58 2,240
1866 300,000 3,000 28,686.72 267,294 18,413 278,538.82
1867 400,000 13,000 11,351.59 270,000 6,680 314,422.82 19,157.66 3,218.54 13,610.64 0 0 0
1868 400,000 18,000 18,668.99 270,000 5,510 299,403.86 47,725.89 0 12,426.25 0 0
1869 400,000 27,000 20,234.58 270,000 5,391 246,264.18 34,865.49 7,222.10 24,308.18 0 0 0
1870 700,000 43,048 16,533.49 270,000 5,338 543,261.68 19,614.19 69,851.38 0 0 170,000 0 0
1871 700,000 51,000 30,240.59 535,700 5,305 624,379.83 26,160.93 41,470.22 0 0 50,000 0 0
1872 700,000 60,000 31,737.61 554,170 0 735,954.58 26,630.21 35,244.22 0 0 25,000 0 0
1873 700,000 70,000 37,317.72 553,130 0 894,662.65 34,342.62 79,389.77 0 0 0 0 0
1874 700,000 80,000 30,151.15 555,512 0 511,074.65 39,978.51 49,110.52 0 0 0 0 0
1875 700,000 90,000 31,958.05 547,400 0 360,954.38 25,398.38 35,356.81 0 0 0 0 0
1876 700,000 50,000 50,560.77 443,000 0 227,561.90 23,690.81 39,364.56 0 0 0 0 0
1877 500,000 62,000 47,650.04 445,200 0 186,511.45 26,101.09 8,196.75 0 0 0 0 0
1878 500,000 71,000 16,210.17 450,000 0 170,430.94 24,797.64 7,160.55 0 0 0 0 0
1879 500,000 80,000 19,935.51 450,000 0 178,978.10 38,173.54 10,757.93 37,460.39 0 0 249.50 0
1880 500,000 90,000 15,964.51 448,500 0 226,760.03 28,758.58 10,437.10 29,785.17 0 0 350 0
1881 500,000 100,000 16,827.87 450,000 0 486,924.61 24,976.48 10,163.43 30,248.05 0 0 548 0
1882 500,000 100,000 20,714.90 450,000 0 424,186.13 16,841.42 6,656.80 29,617.12 0 0 0 518 0
1883 500,000 100,000 8,472.23 450,000 0 518,386.74 32,438.29 4,293.23 114,836.09 0 0 0 0 0
1884 500,000 100,000 27,585.92 435,100 0 576,950.17 32,482.36 8,834.48 61,595.81 0 0 0 461.80 0
1885 500,000 100,000 36,671.80 447,500 0 801,030.97 36,720.63 12,943.97 68,483.19 0 0 0 439 0
1886 500,000 100,000 54,576.70 448,310 0 723,120.53 32,565.28 4,127.82 88,267.79 0 0 0 444.50 0
1887 500,000 100,000 80,531.27 449,000 0 762,263.92 44,714.42 6,091.48 83,380.52 0 0 0 458 0
1888 500,000 150,000 62,375.90 449,500 0 692,449.22 48,666.80 6,039.96 0 73,697.30 25,000 0 437 0
1889 500,000 200,000 30,063.94 442,670 0 671,499.24 44,579.40 12,237.37 78,005.85 0 0 0 609.50 0
1890 500,000 200,000 61,155.20 450,000 0 741,499.77 49,391.35 3,539.85 72,918.94 0 0 0 223.70 0
1891 500,000 200,000 80,783.96 450,000 0 752,367.09 39,624.52 9,915.19 77,290.16 0 0 0 204.20 0
1892 500,000 250,000 52,395.38 450,000 0 764,310.22 40,107.37 2,896.87 35,381.55 0 0 0 217.70 0
1893 500,000 250,000 82,919.09 446,880 0 658,985.23 42,184.17 7,018.34 45,627.14 0 0 0 276.20 0
1894 500,000 250,000 94,257.31 447,000 0 729,931.91 32,100.15 12,152.09 47,551.55 0 0 0 181.70 0
1895 500,000 250,000 109,874.10 449,997.50 0 760,126.84 34,204.65 12,727.77 71,925.61 0 0 0 166.70 0
1896 500,000 250,000 91,123.47 447,997.50 0 735,841.02 33,289.86 7,069.91 55,806.29 0 0 0 181.70 0
1897 500,000 250,000 86,794.89 444,997.50 0 869,318.34 42,036.62 3,869.81 80,593.73 0 0 0 193.70 0
1898 500,000 250,000 38,175.31 444,997.50 0 881,998.04 43,731.23 6,350.67 66,987.58 0 0 0 204.20 0
1899 500,000 250,000 58,093.35 449,997.50 0 969,212.30 96,525.84 3,724.93 58,949.96 0 0 0 246.20 0
1900 500,000 250,000 80,464.90 499,997.50 0 914,547.24 86,818.55 5,460.49 35,453.73 0 0 0 0 424.70 0
1901 500,000 250,000 88,900.02 499,997.50 0 994,920.70 8,027.26 0 17,566.45 0 0 0 90,505.25 204.20 0
1902 500,000 250,000 90,158.07 496,000 0 1,170,254.29 89,776.65 3,504.76 9,266.55 0 20,304.34 0 0 267.20 0
1903 500,000 250,000 100,107.25 494,400 0 1,096,493.23 92,571.09 3,140.98 7,898.94 0 19,646.59 0 0 325.70 0
1904 250,000 125,000 99,862.63 250,000 0 674,889.38 36,833.61 32,329.05 2,227.80 0 16,477.21 0 0 212.20 0
1905 250,000 122,383 100,000 718,165
1906 150,000 159,051 148,000 96,741 557,324 41,155
1907 150,000 136,956 150,000 98,925 350,642 39,882
1908 150,000 100,000 40,567 149,997 101,659 332,819 28,049
1909 150,000 100,000 46,876 150,000 75,282 288,863 27,939
1910 150,000 100,000 60,106 150,000 72,875 332,080 19,436
1911 150,000 100,000 60,337 148,500 74,114 303,191 29,136
1912 150,000 100,000 63,449 146,050 78,174 305,765 15,113
1913 150,000 100,000 66,023 147,450 26,647 296,957 10,543
1914 150,000 100,000 66,124 149,500 22,249 287,957 11,982
1915 150,000 100,000 67,054 148,248 291,072 23,871
1916 150,000 150,000 43,235 147,697 319,468 13,361
1917 150,000 150,000 48,144 145,348 380,090 10,308
1918 150,000 200,976 149,497 351,528 13,538
1919 150,000 207,222 149,748 433,012 85,695
1920 150,000 201,380 148,147 548,549 29,329
1921 150,000 212,940 148,698 463,501 12,641 0
1922 150,000 215,534 145,448 413,470 10,907
1923 150,000 218,752 145,547 444,480 13,224
1924 150,000 221,894 149,998 693,300 17,927
1925 150,000 220,811 147,597 526,820 29,418
1926 150,000 220,935 148,597 576,938 21,760 75,000
1927 150,000 226,893 149,997 696,346 25,191 0
1928 150,000 230,042 148,498 672,024 71,384 57,500
1929 150,000 150,000 81,285 149,998 715,787 191,545 3,057
1930 150,000 150,000 73,158 149,997 661,403 227,888 63
1931 150,000 150,000 13,961 149,998 742,538 0 1,221
1932 150,000 100,000 17,904 149,998 622,606 53,160 4,792
1933 150,000 50,000 28,474 149,997 628,897 0 1,859
1934 150,000 50,000 23,008 149,997 593,278 0 496
1935 150,000 50,000 9,328 734,821 0 1,065
1936 150,000 51,000 12,113 723,975 0 1,276
1937 150,000 54,000 26,927 803,439 0 7,019
1938 150,000 55,000 22,281 874,912 0 724
1939‡
1940‡
1941 150,000 58,000 34,379 1,083,263 0 392

‡ Gray rows indicate years where the bank appears in the Historical NIC panel but no balance sheet was reported.