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Report on the Building and Loan Associations of the State of California

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  • 380 Seiten
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Klappentext

Excerpt from Report on the Building and Loan Associations of the State of California: By the Board of Commissioners of the Building and Loan Associations, in Accordance With an Act of the Legislature, Approved March 23, 1893, to His Excellency H. H. Markham, the Governor of the State of California; May 31, 1894

To his Excellency H. H. Markham, Governor of the State of California: In accordance with the provisions of Chapter CLXXXVIII, Statutes of California, we submit herewith our First Annual Report covering the work of this Commission for the fiscal year from June 1, 1893, to May 31, 1894, inclusive.

It embodies the statements of 137 Building and Loan Associations, of which 127 are known as Locals, 8 Nationals, and 2 Cooperative Banks; together with a summary of all special lines of statistics drawn there from, and such observations concerning the status and management of Building and Loan Associations in this State as we deem of value to the general public and the organizations themselves.

The Building and Loan Associations of California have gross assets amounting to 18. They hold capital invested by members, 61, and accrued earnings to the amount of 20. They have loans outstanding which aggregate 48, for which they hold real estate mortgages and bonds and hypothecated stock as security valued at 68. During the past fiscal year they have collected from members in dues 85, and from borrowers, in premiums and interest. 93. They have also received, on loans repaid, 08. In the same period they have disbursed in loans 64; have paid to retiring members on canceled and matured shares, 09 (refunded capital), and 22 as profits thereon. The aggregate profits of the associations for the fiscal year have been 97.

Of the 137 Building and Loan Associations reported, all except three Show a net profit on the year's business. We submit that it is a successful line of business that, in times like the present, and under so many different managements, maintains an investment of over twenty million dollars, and makes a net profit of per cent on the entire working capital.

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Produktinformationen

Titel: Report on the Building and Loan Associations of the State of California
Untertitel: By the Board of Commissioners of the Building and Loan Associations, in Accordance With an Act of the Legislature, Approved March 23, 1893, to His Excellency H. H. Markham, the Gover
Autor:
EAN: 9780484647854
ISBN: 0484647857
Format: Fester Einband
Anzahl Seiten: 380
Gewicht: 662g
Größe: H229mm x B152mm x T24mm
Jahr: 2017