← The Merchandise National Bank of Massachusetts The Metropolitan National Bank of →

The Merchants National Bank of

Boston, Massachusetts

Charter
#475
Bank ID
475
Years
1864–1941
Observations
78

Assets

Year assets loans odraft acceptances_receivable 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 exchanges bills_nb checks_and_other currency legal_tender specie cash_and_exchange lawful_money cash_exchange_and_reserve us_debt redemption_fund due_from_treasurer defalcation frb_reserve other_assets
1864 7,041,405.68 1,980,898.83 3,002,000 3,258.82 26,815.93 368,000 1,660,432.10
1865 8,343,006.21 2,608,000.11 1,900,000 1,306,000 30,886.88 523.73 350,000 2,147,595.49
1866 9,287,733.14 2,987,177.54 2,066,000 984,000 89,580.84 1,316.92 350,000 150,000
1867 8,165,478.16 2,812,153.08 0 2,066,000 300,000 484,000 0 100,000 829,710.91 267.31 350,000 0 16,429 310,024.51 4,622 224,123 123,998.35 544,150 0 0
1868 8,066,551.15 2,518,281.62 0 2,066,000 300,000 634,000 0 0 749,413.47 0 988.30 350,000 0 23,650 538,479.41 3,596 75,356 190,266.35 616,520 0 0
1869 8,488,160.31 3,222,102.28 0 2,066,000 500,000 334,000 0 0 122,108.04 620,609.97 829.11 350,000 0 12,563 331,354.73 1,315 232,868 194,410.18 500,000 0 0
1870 8,449,401.19 2,880,533.62 0 2,066,000 500,000 334,000 0 0 378,103.47 661,298.27 2,360.22 350,000 0 283,724.76 30,731 0 1,705 247,925 213,019.85 500,000 0 0
1871 9,984,098.39 4,312,794.01 0 2,066,000 600,000 334,000 0 17,000 342,614.26 660,532.80 5,781 350,000 0 281,322.62 60,981 0 1,775 322,716 178,581.70 450,000 0 0
1872 7,994,729.96 3,982,350.16 0 1,800,000 200,000 366,000 0 0 378,630.58 66,633.70 1,968.07 350,000 0 276,804.11 59,590.40 0 2,800 350,495 72,457.94 0 87,000 0
1873 8,761,423.28 4,901,315.20 0 1,800,000 200,000 0 0 0 468,481.22 72,095.60 1,642.99 350,000 25,404.65 263,785.69 71,685 0 6,491 482,657 117,864.93 0 0 0
1874 9,882,842.74 5,906,370.31 0 1,800,000 100,000 100,000 0 0 270,654.31 60,406.23 350,000 0 535,143.46 35,317 67,621.88 10,826 193,000 373,503.55 0 80,000 0 0
1875 11,708,453.59 5,900,800.16 0 2,100,000 100,000 200,000 36,000 0 0 330,833.19 223,323.34 375,000 0 1,554,631.72 18,800 10,066.12 27,446.56 476,815 45,237.50 140,000 169,500 0 0
1876 12,643,071.98 6,122,188.53 0 2,000,000 100,000 400,000 68,000 0 0 561,398.66 1,051,046.28 375,000 0 936,833.56 7,774 7,400 1,160 412,500 204,770.95 305,000 90,000 0 0
1877 10,680,469.07 5,816,853.15 0 2,000,000 100,000 400,000 65,000 0 0 444,108.05 117,126.61 445,000 0 620,430.17 21,509 10,408.33 0 84,500 395,533.76 100,000 60,000 0 0
1878 10,581,137.20 5,137,391.29 0 2,000,000 200,000 400,000 35,000 0 0 410,857.78 172,484.38 445,000 983.80 777,616.88 36,839 10,473.33 0 99,000 765,490.74 0 90,000 0 0
1879 10,244,716.41 4,857,617 0 2,000,000 50,000 915,000 0 85,750 0 448,750.90 184,266.83 520,000 430.30 574,496.67 42,220 0 0 121,000 345,184.71 10,000 90,000 0 0
1880 12,914,509.76 6,299,796.23 0 2,300,000 50,000 0 0 74,000 0 734,196.27 1,159,381.98 520,000 893.39 1,010,748.23 30,937 0 0 21,000 608,056.66 0 105,500 0 0
1881 12,553,011.69 6,308,826.16 0 2,300,000 125,000 20,000 0 40,000 0 541,300.09 745,086.23 520,000 0 1,371,332.73 27,304 0 0 189,000 258,162.48 0 107,000 0 0
1882 12,006,617.87 6,000,967.55 0 2,225,000 50,000 0 14,300 187,987.50 0 512,100.40 542,895.46 450,000 645.45 1,393,033.18 107,730 0 0 90,801 320,982.33 15,000 95,175 0 0
1883 12,442,910.12 6,479,444.13 0 1,675,000 50,000 0 0 184,837.50 0 722,908.08 1,609,681.54 450,000 1,088.75 562,276.06 95,940 0 0 179,762 344,597.06 0 87,375 0 0
1884 12,589,289.42 6,995,596.49 0 1,675,000 50,000 0 0 166,812.50 0 554,714.96 901,024.73 450,000 498.72 456,169.06 120,519 39,975.58 0 210,921 652,682.38 240,000 75,375 0 0
1885 13,296,481.03 7,358,295.53 0 1,675,000 50,000 0 0 245,056.50 0 771,607.26 796,266.41 450,000 1,479.47 859,164.67 133,703 52,772.04 0 112,126 685,635.15 30,000 75,375 0 0
1886 11,883,975.92 6,576,619.15 1.21 1,675,000 50,000 0 0 230,600.63 0 705,303.43 574,952.78 450,000 4,401.21 425,489.34 87,046 54,602.36 470.81 25,854 938,260 10,000 75,375 0 0 0
1887 10,813,596.58 6,665,889.83 0 645,000 55,000 0 0 181,777.76 0 351,563.63 819,416.53 500,000 196.73 588,339.24 83,883 20,226.74 1,485.82 36,827 834,965.30 0 29,025 0 0 0
1888 12,070,296.53 6,963,873.50 0 645,000 55,000 0 0 339,897.26 0 863,223.49 1,118,941.86 500,000 4,226.20 650,705.13 74,753 29,513.84 2,900.25 118,398 664,839 10,000 29,025 0 0 0
1889 11,429,449.91 6,727,994.22 0 135,000 55,000 0 0 153,432.86 1,134,629.06 529,517.15 141,402.10 500,000 69.54 1,108,085.72 87,522 24,474.85 2,103.16 149,708 674,436.25 0 6,075 0 0 0
1890 11,095,428.43 7,270,517.40 0 135,000 65,000 0 0 238,894.78 553,693.73 323,421.39 8,474.43 500,000 933.56 970,084.88 46,324 31,111.13 1,152.18 120,735 824,010.95 0 6,075 0 0 0
1891 11,288,056.05 7,264,423.07 11.96 135,000 65,000 0 0 239,134.20 736,207.55 573,862.93 8,074.83 500,000 98.70 890,162.01 82,319 17,072.90 2,227.35 135,926 632,460.55 0 6,075 0 0 0
1892 12,674,435.13 7,898,418.53 601.98 135,000 65,000 0 0 363,779.48 850,209.53 874,118.42 1,838.04 600,000 557.44 889,736.27 28,018 138,268.02 1,782.97 221,255 599,776.45 0 6,075 0 0 0
1893 13,402,095.45 8,380,810.88 0 335,000 65,000 0 0 296,275.70 744,520.91 304,393.33 4,768.50 600,000 2,267.04 1,136,732.78 66,081 49,250.81 784 213,400 1,047,735.50 140,000 15,075 0 0 0
1894 13,866,772.17 7,083,130.66 32.59 335,000 65,000 305,000 78,566.88 253,528.96 1,840,389.50 1,413,589.49 122,811.38 600,000 604,837.78 108,620 47,963.36 839.41 94,400 877,987.16 20,000 15,075 0 0 0
1895 16,082,874.85 7,529,985.89 1,371.46 335,000 65,000 305,000 60,000 182,719.11 2,087,313.11 3,014,736.78 66,084.27 600,000 246,085.87 51,258 132,924.20 883.46 484,358 663,079.70 200,000 15,075 42,000 0 0
1896 12,604,397.76 7,714,390.28 0 635,000 65,000 5,000 0 207,126.21 726,845.65 1,050,365.04 0 600,000 728,897.58 59,868 49,527.96 903.85 55,488 677,410.19 0 28,575 0 0 0
1897 15,970,649.45 9,782,561.62 32.49 635,000 65,000 5,000 0 131,541.04 1,423,599.11 900,296.11 103,999.31 600,000 1,069,557.03 71,297 93,510.13 1,023.91 179,061 846,595.70 0 28,575 34,000 0 0
1898 15,918,356.94 10,560,331.74 942.81 300,000 450,000 5,000 0 166,682.82 1,360,544.50 318,668.16 3,476.31 600,000 864,784 84,058 45,918.07 878.99 104,509 1,032,062.54 0 13,500 7,000 0 0
1899 16,875,636.09 11,458,556.17 113.85 300,000 450,000 5,000 0 59,472.78 1,548,640.25 355,424.54 8,843.79 600,000 569,383.74 68,371 29,830.50 1,071.65 33,375 1,374,052.82 0 13,500 0 0 0
1900 17,878,089.21 11,620,272.55 353.62 405,000 450,000 0 0 201,770.09 2,226,806.62 192,792.90 19,627.35 600,000 472,146.31 68,855 40,489.99 955.60 253,981 1,304,788.18 0 20,250 0 0 0
1901 20,194,854.05 12,100,948.53 1,172.28 405,000 450,000 0 0 67,487.48 2,366,305.89 319,737.66 30,272.24 600,000 1,341,435.84 23,675 101,356.12 526.76 181,904 2,184,782.25 0 20,250 0 0 0
1902 19,045,775.80 11,066,505.75 751.40 755,000 700,000 0 82,750 257,554.98 1,468,275.76 577,605.90 30,364.73 600,000 1,917,604.69 70,351 43,844.04 678.18 93,277 1,343,462.37 37,750 0 0 0
1903 17,300,930.12 10,281,889.32 31.94 1,000,000 800,000 0 23,942.50 530,486.92 1,218,504.89 402,013.01 9,326.47 600,000 783,924.78 62,264 53,520.14 1,517.40 88,120 1,381,388.75 50,000 14,000 0 0
1904 18,680,398.45 11,559,095.23 432.82 1,000,000 650,000 0 0 493,368.50 1,630,401.28 260,432.48 23,900.57 600,000 0 1,141,400.84 32,610 79,966.15 1,746.78 182,160 959,883.80 50,000 15,000 0 0
1905 19,222,933 12,100,986 1,420,000 609,035 1,360,031
1906 17,848,713 11,672,501 1,220,000 882,578 2,799,701 1,273,930
1907 18,340,110 12,069,249 1,220,000 1,126,578 2,889,611 1,034,672
1908 23,081,779 15,551,917 1,520,000 1,090,581 3,570,452 1,348,829
1909 20,321,148 13,172,425 1,520,000 1,090,895 3,418,412 1,119,416
1910 19,412,145 12,904,681 1,520,000 1,099,486 2,988,287 899,691
1911 20,405,651 12,586,854 1,520,000 1,455,650 3,493,107 1,350,040
1912 22,309,243 13,862,415 1,520,000 2,028,237 3,655,256 1,243,335
1913 32,737,348 18,440,763 1,520,000 4,226,232 6,083,635 2,466,718
1914 45,863,945 24,972,283 1,470,000 7,618,753 7,968,159 3,834,750
1915 52,315,615 27,355,018 1,470,000 6,384,383 14,765,887 2,340,327
1916 64,856,957 40,732,014 1,135,000 6,360,584 13,710,298 2,919,061
1917 62,106,082 37,675,463 1,211,591 7,952,075 9,869,268 5,397,685
1918 63,715,839 37,389,848 4,996,500 6,569,812 7,506,679 6,792,537 3,460,663
1919 68,857,752 43,416,162 2,995,077 5,101,529 9,372,439 4,006,541 3,966,004
1920 64,989,627 45,163,816 1,370,162 5,546,730 6,461,072 4,192,266 2,255,581
1921 58,825,937 39,431,998 1,417,985 2,936,189 5,327,573 5,125,253 4,256,766 330,173
1922 66,759,296 37,599,871 6,645,811 8,809,443 8,034,208 5,081,550 588,413
1923 60,718,335 38,516,978 6,761,306 5,564,627 7,104,407 2,221,771 549,246
1924 68,042,755 40,516,087 9,143,256 6,267,105 6,933,107 4,578,148 605,052
1925 68,058,560 42,514,062 7,194,297 5,638,840 7,785,472 4,234,129 691,760
1926 74,041,680 42,422,157 7,575,721 6,410,822 15,975,759 1,657,221
1927 70,659,748 41,783,460 8,152,775 5,614,770 14,518,505 590,238
1928 65,412,301 37,468,310 6,325,915 5,651,656 14,469,530 1,496,890
1929 69,418,022 39,692,300 4,095,534 2,980,421 16,846,541 5,803,226
1930 68,077,412 39,851,741 4,066,209 3,744,842 15,153,663 5,260,957
1931 64,362,006 33,064,760 7,987,555 4,885,355 12,003,878 6,420,458
1932 73,418,601 23,008,603 16,842,028 5,086,469 24,364,980 4,116,521
1933 74,492,111 28,517,288 14,670,385 7,870,573 19,704,882 3,728,983
1934 82,708,850 26,064,058 20,984,654 7,860,151 25,079,560 2,720,427
1935‡ 96,469,215
1936‡
1937‡
1938
1939 117,679,093 23,291,506 36,280,697 6,176,420 49,674,924 2,255,546
1940 127,709,921 25,883,629 32,225,732 4,239,167 63,362,219 1,999,174
1941 134,241,419 35,284,461 42,889,464 4,563,674 49,333,213 2,170,607

‡ 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 time_deposits due_to_nb due_to_other_nb due_to_ra 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
1864 3,000,000 322,512.88 185,260 2,540,618.63 204,774.67 660,531 127,708.50
1865 3,000,000 643,259.75 45,426.92 1,496,515 50,000 2,144,142.60 164,998.39 430,476.18 210,674.37 157,513
1866 3,000,000 700,618.11 20,500 1,812,370 18,402 3,199,962 151,182.61 252,460.49 132,237.93
1867 3,000,000 791,018.11 34,562.44 1,841,500 16,192 1,926,288.50 114,940.47 31.30 331,846.25 109,099.09 0 0
1868 3,000,000 902,503.91 53,314.04 1,832,130 15,887 1,589,095.91 107,658.02 0 393,757.01 172,205.26 0
1869 3,000,000 965,114.62 97,442.87 1,832,825 15,637 1,899,361.42 3,603.70 0 402,013.86 272,161.84 0 0
1870 3,000,000 1,015,086.08 44,476.01 1,758,300 15,162 2,082,886 9,910 0 350,000 132,831 0 40,750.10 0
1871 3,000,000 1,080,432.58 44,732.55 1,592,215 0 3,390,246.52 185,884.58 0 361,815.58 191,364.17 0 137,407.41 0
1872 3,000,000 1,131,099.33 77,439.38 1,585,745 0 1,515,613.95 31,459.26 0 346,661.33 238,599.24 0 68,112.47 0
1873 3,000,000 1,116,793.89 278,989.79 1,561,595 0 2,204,203.22 19,298.37 21,641.58 384,498.75 168,197.94 0 6,204.74 0
1874 3,000,000 1,140,000 121,949.31 1,471,620 0 3,213,544.22 0 33,172.30 318,962.82 517,498.90 0 66,095.19 0
1875 3,000,000 1,140,000 112,841.05 1,795,617 0 4,863,002.65 0 15,603.11 517,353.85 164,510.93 0 99,525 0
1876 3,000,000 1,050,000 109,000.63 1,653,280 0 6,207,870.72 0 14,731.19 328,946.16 188,504.28 0 90,739 0
1877 3,000,000 1,025,000 68,540.67 1,657,580 0 4,279,617.49 0 11,185.93 315,865.51 236,850.97 0 85,828.50 0
1878 3,000,000 1,000,000 60,260.99 1,713,400 0 3,808,943.46 201,096 12,454.90 452,120.92 265,403.93 0 67,457 0
1879 3,000,000 1,000,000 74,708.82 1,795,800 0 3,833,902.42 0 6,745.52 292,155.05 186,983.10 0 54,421.50 0
1880 3,000,000 1,000,000 108,453.99 2,039,400 0 6,073,995.49 0 8,284.32 351,560.66 263,790.30 0 69,025 0
1881 3,000,000 1,000,000 150,434.53 2,070,000 0 5,566,686 0 107,140.34 378,377.78 206,573.54 0 73,799.50 0
1882 3,000,000 1,000,000 173,156.54 1,903,500 0 5,203,933.97 0 20,986.21 386,857.92 264,504.73 0 0 53,678.50 0
1883 3,000,000 1,000,000 202,130.56 1,455,800 0 6,050,819.34 0 14,936.85 425,016.29 241,449.58 0 0 52,757.50 0
1884 3,000,000 1,000,000 119,042.11 1,453,700 0 5,818,345.75 0 26,039.89 507,896.74 569,126.43 0 0 95,138.50 0
1885 3,000,000 1,000,000 92,385.08 1,459,900 0 6,797,189.18 0 18,188.86 274,160.73 592,499.18 0 0 62,158 0
1886 3,000,000 1,000,000 102,650.93 1,501,030 0 5,580,431.10 0 27,866.44 375,135.38 277,988.07 0 0 18,874 0
1887 3,000,000 1,000,000 177,636.33 580,500 0 5,153,269.51 0 45,044.28 503,358.14 336,513.32 0 0 17,275 0
1888 3,000,000 1,000,000 197,949.08 580,500 0 6,462,321.55 0 38,796.48 292,531.47 479,620.95 0 0 18,577 0
1889 3,000,000 1,000,000 250,087.85 121,500 0 6,423,882.75 0 66,900.63 253,167.40 248,333.28 0 0 65,578 0
1890 3,000,000 1,000,000 369,970.53 121,500 0 5,623,964.43 0 41,308.68 485,782.12 317,199.29 0 103,852.38 31,851 0
1891 3,000,000 1,300,000 245,973.38 121,500 0 5,311,703.83 0 44,903.22 355,087.22 508,269.14 0 397,727.26 2,892 0
1892 3,000,000 1,500,000 97,180.62 110,350 0 6,231,090.60 0 63,212.74 590,935.40 892,681.36 0 115,421.41 73,563 0
1893 3,000,000 1,500,000 239,247.06 298,780 0 7,113,090.91 0 53,254.16 724,445.48 348,968.42 0 90,645.42 33,664 0
1894 3,000,000 1,500,000 176,227.53 210,520 0 7,148,246.48 0 31,250.14 909,429.37 650,297.61 0 203,799.04 37,002 0
1895 3,000,000 1,500,000 116,164.20 280,160 0 9,651,178.30 0 31,952.78 625,503.75 759,130.91 0 28,919.91 89,865 0
1896 3,000,000 1,500,000 195,524.38 556,030 0 6,219,070.13 15,618.05 0 609,603.28 417,419.18 0 76,313.24 14,819.50 0
1897 3,000,000 1,500,000 265,650.07 465,060 0 8,564,458.55 0 10,225.89 1,183,228.21 791,440 0 172,554.23 18,032.50 0
1898 3,000,000 1,500,000 394,364.12 265,000 0 8,142,775.21 420,000 17,393.63 1,230,689.82 549,658.01 0 392,385.15 6,091 0
1899 3,000,000 1,500,000 451,119.40 270,000 0 8,793,203.42 374,151.10 48,880.82 1,471,024.34 703,249.23 0 258,919.28 5,088.50 0
1900 3,000,000 1,500,000 677,626.19 325,650 0 6,731,070.10 302,063.71 33,859.47 1,768,571.18 60,712.41 521,805.29 2,811,188.56 0 142,465.30 3,077 0
1901 3,000,000 1,500,000 881,516.10 396,820 0 9,332,821.59 385,000 22,854.09 1,519,780.35 28,633.12 440,382.51 2,247,346.27 0 356,454.02 83,246 0
1902 3,000,000 1,500,000 1,074,037.48 749,060 0 7,573,824.67 385,000 50,036.65 1,372,738.22 10,172.77 518,198.94 2,446,413.34 0 323,366.73 2,927 40,000
1903 3,000,000 1,500,000 1,264,993.95 1,000,000 0 5,205,712.33 735,000 18,025.63 1,416,298.47 10,146.23 572,549.38 2,491,054.72 0 39,123.41 3,026 45,000
1904 3,000,000 1,500,000 1,332,792.45 936,700 0 5,809,799.94 447,943.14 24,774.12 1,809,556.04 8,124.54 678,920.61 2,664,541.08 0 420,036.53 2,210 45,000
1905 3,000,000 3,031,477 961,450 12,185,005
1906 3,000,000 3,213,570 971,500 195,317 7,186,778 3,281,548
1907 3,000,000 3,513,094 1,178,600 201,412 6,526,448 3,920,556
1908 3,000,000 2,000,000 1,739,472 1,455,280 201,162 7,868,595 6,817,270
1909 3,000,000 2,000,000 1,619,716 1,466,820 95,436 7,958,164 4,181,012
1910 3,000,000 2,000,000 1,664,183 1,363,300 100,461 7,171,050 4,113,151
1911 3,000,000 2,000,000 1,684,191 1,430,300 96,902 7,583,110 4,611,148
1912 3,000,000 2,000,000 1,698,644 1,458,580 184,731 9,172,324 4,794,964
1913 3,000,000 2,000,000 1,596,341 1,472,200 239,682 15,796,393 8,632,732
1914 3,000,000 2,000,000 1,517,935 3,045,208 242,841 21,713,881 14,344,050
1915 3,000,000 2,000,000 1,346,473 1,467,997 27,226,298 890,518 16,384,329
1916 3,000,000 2,000,000 1,378,098 1,091,500 39,188,606 2,459,744 15,739,009
1917 3,000,000 2,000,000 1,895,182 835,000 38,706,269 2,236,204 13,433,427
1918 3,000,000 3,965,128 819,700 40,747,664 1,137,242 14,046,105
1919 3,000,000 4,346,529 821,000 42,598,684 781,429 17,310,110
1920 3,000,000 4,890,873 0 37,691,813 895,194 18,511,747
1921 3,000,000 6,073,571 0 33,855,074 2,177,294 9,680,215 4,039,783
1922 3,000,000 5,643,280 0 39,276,913 2,646,816 13,272,811
1923 3,000,000 6,007,757 0 35,910,208 1,921,017 12,309,920
1924 3,000,000 6,278,746 0 40,327,770 2,233,772 15,214,827
1925 3,000,000 5,960,551 0 0 2,563,563 13,857,044
1926 3,000,000 6,412,118 0 39,081,345 4,747,782 13,329,196 7,471,239
1927 3,000,000 6,385,513 0 38,580,329 3,458,653 15,863,870 3,371,383
1928 3,000,000 6,380,054 0 35,173,375 3,681,176 13,041,993 4,135,703
1929 3,000,000 3,000,000 3,867,438 0 56,522,280 0 3,028,304
1930 3,000,000 3,000,000 3,897,989 0 55,862,248 0 2,317,175
1931 3,000,000 3,000,000 3,471,468 0 51,755,418 700,000 2,435,120
1932 3,000,000 3,000,000 3,067,110 0 63,482,593 0 868,898
1933 3,000,000 3,000,000 2,834,376 0 65,066,407 0 591,328
1934 3,000,000 3,000,000 2,744,662 0 73,550,089 0 414,099
1935‡
1936‡
1937‡
1938 0
1939 3,000,000 3,000,000 2,810,990 108,423,539 444,564
1940 3,000,000 3,000,000 2,897,699 118,503,313 0 308,909
1941 3,000,000 3,000,000 2,907,359 124,747,584 0 586,476

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