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The Merchants National Bank of

Salem, Massachusetts

Charter
#726
Bank ID
726
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 checks_and_other currency legal_tender specie cash_and_exchange lawful_money cash_exchange_and_reserve us_debt redemption_fund due_from_treasurer frb_reserve other_assets
1865 617,361.46 151,723.44 287.73 200,000 112,000 79,037.47 1,524.23 72,788.59
1866 581,963.57 260,360.97 467.37 200,000 53,986.23
1867 563,096.94 234,175.73 98.85 200,000 0 55,000 0 0 23,390.27 383.41 0 0 960 1,028.26 932.85 15,327 180.57 31,620 0
1868 709,908.21 293,644.87 91.99 200,000 0 40,000 0 0 140,807.88 0 0 0 0 1,439 1,782.97 1,421.50 30,720 0 0 0
1869 645,706.05 326,962.71 43 200,000 0 0 0 0 80,258.09 47.88 1,092.42 0 92.49 11,931 1,489.38 772.08 23,017 0 0 0
1870 591,148.02 300,054.26 43.84 200,000 0 0 0 0 55,006.05 0 0 0 117.25 7,503 3,462.59 761.03 24,200 0 0 0
1871 616,154.21 306,237.22 190.94 200,000 0 0 0 0 72,563.57 0 4,484.33 0 6.50 1,715 5,999.84 706.81 24,250 0 0 0
1872 647,566.15 358,948.96 16.27 200,000 0 0 0 0 58,860.62 0 0 0 55.57 1,264 2,045.56 375.17 26,000 0 0 0
1873 604,226.46 339,606.63 0 200,000 0 0 0 0 32,010.56 0 1,291.58 0 191.14 1,372 1,476.66 677.89 27,600 0 0 0
1874 705,694.91 343,566.98 0.46 200,000 0 0 0 150 129,965.26 0 0 0.90 1,174 2,126.28 611.03 13,400 0 14,700 0 0
1875 696,047.65 273,712.47 97.47 200,000 0 0 0 45,800 0 140,072.60 174.81 0 0.25 9,352 3,273.64 564.41 11,000 0 0 12,000 0
1876 853,093.53 280,265.40 6.35 200,000 0 0 0 45,800 0 294,028.94 180.82 0 0.50 2,136 2,663.70 195.72 18,500 316.10 0 9,000 0
1877 721,851.81 326,997.34 13.35 200,000 0 0 0 55,800 0 76,650.89 30,275.39 0 1.20 905 3,726 82.54 10,000 8,400.10 0 9,000 0
1878 719,071.80 207,022.99 0 200,000 0 0 0 36,150 0 244,656.59 192.87 0 0.82 3,099 1,302.73 9.45 0 15,737.35 0 10,900 0
1879 681,984.60 303,964.46 0 200,000 0 0 2,062.50 36,150 0 92,326.44 13,846.78 0 12.70 3,375 1,659.87 59.60 1,900 17,627.25 0 9,000 0
1880 796,616.19 468,370.45 0 200,000 0 0 0 36,150 0 45,745.70 15,245.50 0 0.25 2,431 882.90 107.19 640 16,243.20 0 10,800 0
1881 734,008.49 428,695.90 0 200,000 0 0 0 36,150 0 35,748.61 0 0 2.90 6,008 2,377.69 123.09 0 15,902.30 0 9,000 0
1882 687,719.97 397,515.19 18.55 200,000 0 0 0 36,150 0 27,953.51 305.06 0 6.40 2,635 516.19 258.52 0 13,361.55 0 9,000 0
1883 742,946.42 452,890.94 0 200,000 0 0 0 21,150 0 35,517.55 0 5,000 84.68 1,292 1,202.53 77.77 9,200 7,530.95 0 9,000 0
1884 666,340.19 394,777.15 249.38 200,000 0 0 5,000 21,150 0 13,745.27 0 5,000 0 3,197 673.82 210.47 8,148 5,189.10 0 9,000 0
1885 680,685.60 399,072.49 55.31 200,000 0 0 0 29,150 0 20,288.69 0 0 15.05 3,566 1,840.16 176.80 3,159 14,362.10 0 9,000 0
1886 740,463.50 441,062.73 97.16 195,000 0 0 14,000 29,000 0 27,911.32 0 0 60.02 3,424 481.84 81.18 3,593 16,752.25 0 8,775 225 0
1887 607,810.26 427,304.99 49.41 50,000 0 0 13,000 57,100 0 37,289.26 893.73 0 190.98 937 3,662.47 130.92 1,711 13,290.50 0 2,250 0 0
1888 611,478.22 446,913.55 178.35 50,000 0 0 13,000 43,000 0 28,390.73 1,789.36 0 160.16 1,105 7,583.74 55.78 3,341 13,710.55 0 2,250 0 0
1889 671,761.12 494,133.09 269.69 50,000 0 0 13,000 43,000 25,578.36 2,313.36 0 0 0 770 15,049.91 116.76 4,181 21,098.95 0 2,250 0 0
1890 728,681.58 565,449.88 187.38 50,000 0 0 11,000 37,000 25,893.41 0 0 0 12.36 2,257 5,815.22 54.33 6,950 21,812 0 2,250 0 0
1891 715,918.27 562,424.27 503.64 50,000 0 0 8,000 33,000 29,654.28 0 0 0 26.15 1,145 2,132.29 38.14 5,075 21,669.50 0 2,250 0 0
1892 749,495.14 583,867.01 172.94 50,000 0 0 7,000 33,500 26,645.24 0 0 0 14.25 4,659 2,233.86 132.09 12,400 26,620.75 0 2,250 0 0
1893 709,464.41 486,060.17 77.20 50,000 0 0 5,000 33,000 85,303.93 10,340.69 0 0 82.15 545 12,037.04 106.53 532 24,129.70 0 2,250 0 0
1894 896,122.27 506,850.54 71.31 50,000 0 0 5,000 111,539.67 185,193.07 645.16 0 0 2,906 2,842.71 111.31 4,900 23,812.50 0 2,250 0 0
1895 805,850.45 570,810.79 416.22 50,000 0 0 5,000 107,041.53 30,207.28 5,088.65 0 0 1,547 4,894.25 121.98 5,000 23,472.75 0 2,250 0 0
1896 719,065.35 538,803.47 373.91 50,000 0 0 3,000 50,456.42 34,715.27 328.48 0 0 3,368 3,758.60 175.20 6,500 25,336 0 2,250 0 0
1897 839,383.46 618,229.12 382.35 50,000 0 0 3,000 40,986.89 98,813.24 100.28 0 0 1,009 1,924.53 292 1,000 21,396.05 0 2,250 0 0
1898 801,482.53 567,237.29 344.90 50,000 0 50,000 0 44,006.61 36,705.85 15,000 0 0 2,642 6,278.34 218.79 5,500 21,298.75 0 2,250 0 0
1899 1,060,025.92 703,638.22 182.36 100,000 50,000 0 0 82,055.34 69,063.10 10,000 0 0 4,862 5,968.03 66.47 5,900 23,790.40 0 4,500 0 0
1900 1,093,755.59 718,229.14 182.55 150,000 50,000 0 0 60,500 68,680.50 0 0 0 724 2,213 2,821.46 132.14 5,850 26,922.80 0 7,500 0 0
1901 1,118,414.87 719,811.26 411.63 150,000 50,000 0 0 78,000 50,524.78 10,000 0 0 119.81 2,324 5,277.99 223.20 18,000 26,222.20 0 7,500 0 0
1902 1,280,486.11 835,603.07 254.70 150,000 50,000 0 0 82,000 103,609.54 0 0 0 89.15 5,123 4,557.63 224.12 12,000 29,524.90 7,500 0 0
1903 1,311,917.33 791,234.66 301.74 190,000 10,000 0 0 91,700 120,060.56 0 0 0 56.91 2,633 5,525.90 233.66 9,500 27,170.90 9,500 0 54,000
1904 1,516,723.59 946,901.01 483.65 160,000 40,000 0 0 161,515 125,194.61 0 0 0 0 0 5,155 8,504.48 809.77 31,700 28,460.07 8,000 0 0
1905 1,950,522 1,185,536 200,000 200,505 109,340
1906 1,937,363 1,277,073 200,000 217,500 152,371 90,419
1907 1,994,451 1,277,867 200,000 225,300 206,215 84,869
1908 2,066,034 1,263,214 200,000 225,790 294,650 82,380
1909 2,138,739 1,335,488 200,000 270,550 244,589 88,112
1910 2,109,554 1,298,086 200,000 284,900 224,914 101,654
1911 2,307,691 1,358,177 200,000 386,140 275,245 88,129
1912 2,372,241 1,459,052 200,000 341,815 262,883 108,491
1913 2,498,195 1,579,216 200,000 328,050 290,416 100,513
1914 3,546,792 2,461,420 200,000 386,400 320,086 178,886
1915 2,895,543 1,811,146 200,000 383,030 397,880 103,487
1916 2,805,822 1,906,825 75,000 367,530 332,786 123,681
1917 2,822,321 1,829,912 206,700 400,370 178,020 207,319
1918 3,261,347 1,932,043 569,186 317,010 316,281 122,831 3,996
1919 4,674,714 2,992,795 951,531 410,259 140,008 174,196 5,925
1920 3,533,503 2,479,419 263,358 357,090 315,142 112,386 6,108
1921 3,224,443 2,246,902 199,213 322,530 335,995 110,202 9,601
1922 3,877,562 2,464,356 228,133 579,055 387,215 201,327 17,476
1923 4,158,635 2,785,544 224,011 555,640 420,264 156,603 16,578
1924 4,412,276 2,947,158 165,661 764,180 325,936 197,082 12,259
1925 4,687,309 3,101,801 54,964 898,026 467,307 159,173 6,038
1926 4,869,156 3,082,282 34,235 1,137,241 571,451 43,947
1927 5,494,472 3,286,033 8,329 1,521,179 660,058 18,873
1928 5,386,526 3,526,417 22,371 1,143,854 664,509 29,375
1929 4,964,807 3,512,053 561 685,040 656,895 110,258
1930 5,159,061 3,816,745 1,035 599,111 628,963 113,207
1931 4,651,720 3,421,469 11,065 529,400 551,034 138,752
1932 3,510,994 2,268,215 105,729 579,239 391,161 166,650
1933 3,422,732 1,849,381 174,637 505,835 533,917 358,962
1934 3,840,975 1,730,945 712,419 617,947 431,805 347,859
1935 4,246,836 1,841,903 618,124 437,456 1,016,842 332,511
1936 4,073,262 1,418,966 1,053,502 391,106 898,099 311,589
1937 3,605,843 1,369,759 1,289,426 174,029 656,967 115,662
1938 3,626,389 1,242,113 1,440,742 156,282 672,150 115,102
1939 3,587,679 1,403,317 1,213,778 137,098 715,268 118,218
1940 4,132,476 1,268,040 1,174,894 210,988 1,375,385 103,169
1941 4,376,130 1,447,749 1,189,096 401,492 1,242,746 95,047

Liabilities & Capital

Year capital surplus undivided_profits surplus_and_undivided_profits notes_nb notes_sb deposits us_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 unpaid_dividends other_liabs
1865 200,000 30,000 2,040.98 168,195 63,839 145,991.16 7,295.32
1866 200,000 40,000 4,224.49 173,978 6,957 155,819.98 935.82 48.28
1867 200,000 40,000 9,005.21 176,683 4,172 133,056.67 0 180.06 0 0 0
1868 200,000 50,000 10,148.04 176,922 3,788 268,894.85 0 0 155.32 0
1869 200,000 60,000 18,630.79 175,800 3,719 187,556.26 0 0 0 0 0
1870 200,000 60,000 23,663.51 176,438 0 128,524.78 0 0 342.83 0 2,178.90 0
1871 200,000 60,000 30,289.43 173,462 0 147,013.47 0 0.41 0 0 5,388.90 0
1872 200,000 75,000 23,395.05 174,989 0 170,109.14 0 245.75 227.21 0 3,600 0
1873 200,000 75,000 42,302.60 176,166 0 110,660.36 0 0 0 0 97.50 0
1874 200,000 100,000 4,856.94 175,221 0 221,416.21 0 0 663.26 0 3,537.50 0
1875 200,000 100,000 4,289.84 178,750 0 208,481.31 0 0 0 0 4,526.50 0
1876 200,000 100,000 5,988.02 179,100 0 363,925.01 0 0 0 0 4,080.50 0
1877 200,000 100,000 9,417.28 180,000 0 226,012.53 0 0 0 0 6,422 0
1878 200,000 100,000 276.92 175,250 0 240,494.38 0 0 0 0 3,050.50 0
1879 200,000 100,000 1,354.90 180,000 0 197,887.70 0 0 0 0 2,742 0
1880 200,000 100,000 6,939.45 180,000 0 305,543.49 0 0 0 0 4,133.25 0
1881 200,000 100,000 12,216.92 178,300 0 238,483.18 0 0 911.39 0 4,097 0
1882 200,000 100,000 12,415.68 176,100 0 196,367.79 0 0 0 0 2,836.50 0
1883 200,000 100,000 19,567.35 178,000 0 233,627.46 0 7,307.11 0 0 4,444.50 0
1884 200,000 100,000 1,450.26 180,000 0 173,712.07 0 4,975.86 0 0 6,202 0
1885 200,000 75,000 10,792.74 178,200 0 207,699.75 0 3,542.11 0 0 5,451 0
1886 200,000 75,000 10,842.30 174,940 0 273,520.38 0 4,894.82 0 0 1,266 0
1887 200,000 75,000 7,320.29 45,000 0 255,603.06 0 23,260.91 0 0 1,626 0
1888 200,000 75,000 9,539.86 45,000 0 269,455.28 0 10,845.08 0 0 1,638 0
1889 200,000 75,000 5,659.34 42,670 0 328,490.51 0 13,909.77 0 0 6,031.50 0
1890 200,000 75,000 14,133.89 43,790 0 380,077.30 0 13,229.39 0 0 2,451 0
1891 200,000 75,000 15,853.48 43,800 0 342,521.60 0 32,735.69 0 0 6,007.50 0
1892 200,000 75,000 23,470.76 45,000 0 383,513.77 0 16,498.61 0 0 6,012 0
1893 200,000 75,000 32,652.63 45,000 0 335,490.04 0 18,986.24 0 0 2,335.50 0
1894 200,000 75,000 18,743.06 45,000 0 532,774.66 0 22,032.05 0 0 2,572.50 0
1895 200,000 75,000 32,541.49 44,040 0 435,078.80 0 14,697.66 0 0 52.50 4,440
1896 200,000 75,000 31,993.37 45,000 0 346,165.35 0 16,001.63 0 0 1,065 3,840
1897 200,000 75,000 35,014.03 45,000 0 465,030.13 0 13,552.30 0 0 1,635 4,152
1898 200,000 75,000 41,458.80 44,250 0 425,592.98 0 13,095.25 0 0 85.50 2,000
1899 200,000 75,000 38,560.02 87,860 0 604,945.71 50,000 1,028.19 0 0 132 2,500
1900 200,000 75,000 58,281.23 150,000 0 453,570.03 47,500 5,423.95 0 0 101,267.38 0 213 2,500
1901 200,000 75,000 60,371.41 149,800 0 496,492.17 50,000 17,788.07 2,880.09 0 59,888.13 0 6,195 0
1902 200,000 75,000 76,168.44 148,600 0 650,031.08 50,000 6,748.51 7,777.23 0 63,534.85 0 126 2,500
1903 200,000 75,000 84,704.23 188,500 0 619,972.45 50,000 7,664.18 19,046.66 0 64,358.81 0 171 2,500
1904 200,000 75,000 83,625.20 160,000 0 890,903 40,000 349.84 13,744.66 0 50,422.39 0 178.50 2,500
1905 200,000 174,639 179,400 1,393,983
1906 200,000 189,038 182,800 15,000 1,279,951 70,574
1907 200,000 215,169 179,150 15,000 1,291,771 93,361
1908 200,000 100,000 134,977 191,900 15,000 1,343,151 81,006
1909 200,000 100,000 155,249 193,700 1,000 1,405,177 82,613
1910 200,000 200,000 56,278 196,800 1,000 1,367,181 88,295
1911 200,000 200,000 72,456 193,900 1,000 1,564,542 75,793
1912 200,000 200,000 86,744 196,900 2,541 1,561,445 124,611
1913 200,000 200,000 95,949 186,300 11,540 1,674,486 129,920
1914 200,000 200,000 113,244 185,800 8,086 2,619,055 220,607
1915 200,000 200,000 123,863 190,397 1,612,316 407,467 161,500
1916 200,000 200,000 122,926 69,997 1,628,512 410,463 173,924
1917 200,000 200,000 116,067 69,398 1,706,806 425,065 104,985
1918 200,000 317,767 69,198 1,709,988 359,073 605,321
1919 200,000 300,979 67,498 2,461,767 433,948 1,210,522
1920 200,000 302,096 73,298 1,926,659 587,263 444,187
1921 200,000 332,889 72,897 1,735,135 666,831 156,691 60,009
1922 200,000 334,692 74,998 2,082,565 773,597 209,510
1923 200,000 336,174 74,298 2,270,994 962,650 172,098
1924 200,000 335,719 74,197 2,251,607 1,315,556 114,960
1925 200,000 314,808 0 2,399,375 1,485,141 183,044
1926 200,000 319,163 0 2,557,027 1,360,886 196,468 235,612
1927 200,000 308,205 0 2,787,165 1,729,934 274,348 194,820
1928 200,000 310,150 0 2,804,601 1,391,467 309,132 371,176
1929 200,000 200,000 142,268 0 4,093,084 315,803 13,652
1930 200,000 200,000 149,938 0 4,217,543 377,911 13,669
1931 200,000 200,000 130,712 0 3,926,537 189,500 4,971
1932 200,000 100,000 41,962 0 3,159,643 0 9,389
1933 200,000 100,000 32,381 0 3,080,267 0 10,084
1934 650,000 25,000 34,545 0 3,124,317 0 7,113
1935 550,000 25,000 62,548 3,600,604 0 8,684
1936 550,000 25,000 94,719 3,394,258 0 9,285
1937 547,000 25,000 87,722 2,939,558 0 6,563
1938 275,000 50,000 64,518 3,231,552 0 5,319
1939 250,000 53,000 71,786 3,194,723 0 18,170
1940 250,000 53,000 79,124 3,732,408 0 17,944
1941 250,000 60,000 74,596 3,971,488 0 20,046