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Bank Info for NB Charter 1127 (1865 - 1885)

Official Bank Title(s) (Huntoon)
# Bank Title (Change Date) Bank Town
1 The National Bank of
Salem, NY
Bank Officer Pairs (OCC/Pollock)
Years Cashier President
1865-1877 Benjamin F. Bancroft C. L. Allen
1878-1884 Mark L. Sheldon Benjamin F. Bancroft
Other Known Bank Note Signers
  • No other known bank note signers for this bank
Bank Note History Links
Bank Note Types Issued (VanBelkum)
Series/Type Sheet/Denoms Serial#s Sheet Comments
Original Series 3x1-2 1 - 3000
Original Series 4x5 1 - 8250
Original Series 3x10-20 1 - 2700
Series 1875 3x1-2 1 - 2300
Series 1875 4x5 1 - 2770
Series 1875 3x10-20 1 - 1266
Smithsonian NBN Proof Links (Huntoon Index)
Bank History Summary (VanBelkum/Huntoon/Pollock)
  • Organized May 4, 1865
  • Chartered May 10, 1865
  • Liquidated May 4, 1885
  • Succeeded by 3309 (First National Bank, Salem, NY)
  • Bankers Magazine Succession Info (1863-1909):
  • Succeeded Bank of Salem
  • Succeeded by 3309 (First National Bank, Salem, NY)
Bank Balance Summaries (Huntoon/Pollock)
Total Resources Summary
Low Bal (1865) $389,835
High Bal (1874) $528,403
Circulation Summary
Low Bal (1876) $54,000
High Bal (1866) $135,000
Total Out (1884) $90,000
# Large Notes 81,144
# Small Notes 0
# Total Notes 81,144
$ Large Size $445,200
$ Small Size $0
$ Total Issued $445,200
OCC Annual Bank Balances (Pollock)
Report Date Total Resources Circulation
Oct-02-1865 $389,834.84 $107,825.00
Oct-01-1866 $464,581.59 $135,000.00
Oct-07-1867 $478,131.32 $135,000.00
Oct-05-1868 $462,591.66 $134,620.00
Oct-09-1869 $469,126.87 $133,585.00
Oct-08-1870 $440,254.88 $134,465.00
Oct-02-1871 $444,414.70 $135,000.00
Oct-03-1872 $484,820.88 $134,313.00
Sep-12-1873 $507,051.58 $135,000.00
Oct-02-1874 $528,403.46 $135,000.00
Oct-01-1875 $484,533.82 $90,000.00
Oct-02-1876 $440,792.40 $54,000.00
Oct-01-1877 $466,612.30 $71,695.00
Oct-01-1878 $466,121.63 $89,900.00
Oct-02-1879 $526,887.59 $89,400.00
Oct-01-1880 $491,733.51 $90,000.00
Oct-01-1881 $515,668.96 $89,500.00
Oct-03-1882 $490,264.09 $90,000.00
Oct-02-1883 $481,213.11 $90,000.00
Sep-30-1884 $470,313.56 $90,000.00

 

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