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Bank Info for NB Charter 407 (1864 - 1903)

Official Bank Title(s) (Huntoon)
# Bank Title (Change Date) Bank Town
1 The First National Bank of
Salem, MA
Bank Officer Pairs (OCC/Pollock)
Years Cashier President
1864-1879 Edward H. Payson William Sutton
1880-1889 Edward H. Payson Eben Sutton
1890-1891 Edward H. Payson Leverett S. Tuckerman
1892-1892 Edward H. Payson E. Kendall Jenkins
1893-1900 Gilbert L. Streeter E. Kendall Jenkins
1901-1902 W. S. Nichols E. Kendall Jenkins
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 4x5 1 - 12250
Original Series 3x10-20 1 - 5600
Original Series 50-100 1 - 1300
Series 1875 4x5 1 - 2500
Series 1875 3x10-20 1 - 2323
Series 1875 50-100 1 - 387
Series 1875 500-1000 1 - 60
1882 Brown Back 4x5 1 - 10048
1882 Brown Back 3x10-20 1 - 5919
1882 Brown Back 50-100 1 - 1918
Smithsonian NBN Proof Links (Huntoon Index)
Bank History Summary (VanBelkum/Huntoon/Pollock)
  • Chartered Apr 30, 1864
  • Succeeded Commercial Bank
  • Liquidated Feb 24, 1903
  • Bankers Magazine Succession Info (1863-1909):
  • Succeeded Commercial Bank of Salem
Bank Balance Summaries (Huntoon/Pollock)
Total Resources Summary
Low Bal (1864) $613,552
High Bal (1878) $1,174,544
Circulation Summary
Low Bal (1895) $44,430
High Bal (1869) $270,000
Total Out (1902) $50,000
# Large Notes 161,890
# Small Notes 0
# Total Notes 161,890
$ Large Size $1,818,810
$ Small Size $0
$ Total Issued $1,818,810
OCC Annual Bank Balances (Pollock)
Report Date Total Resources Circulation
Nov-25-1864 $613,551.90 $134,570.00
Oct-02-1865 $834,294.49 $266,210.00
Oct-01-1866 $786,721.87 $269,485.00
Oct-07-1867 $973,779.79 $268,115.00
Oct-05-1868 $1,055,656.95 $268,220.00
Oct-09-1869 $896,269.20 $270,000.00
Oct-08-1870 $871,984.54 $269,031.00
Oct-02-1871 $847,974.99 $268,197.00
Oct-03-1872 $926,554.74 $270,000.00
Sep-12-1873 $951,928.40 $268,600.00
Oct-02-1874 $901,887.23 $261,300.00
Oct-01-1875 $923,654.70 $260,300.00
Oct-02-1876 $903,859.08 $168,000.00
Oct-01-1877 $1,053,349.91 $269,700.00
Oct-01-1878 $1,174,544.39 $261,300.00
Oct-02-1879 $1,110,806.49 $267,600.00
Oct-01-1880 $1,165,072.37 $267,500.00
Oct-01-1881 $1,118,211.54 $264,000.00
Oct-03-1882 $1,138,272.11 $262,500.00
Oct-02-1883 $1,077,015.96 $266,400.00
Sep-30-1884 $1,094,598.70 $268,400.00
Oct-01-1885 $1,086,173.03 $269,000.00
Oct-07-1886 $982,381.20 $200,000.00
Oct-05-1887 $934,529.07 $198,950.00
Oct-04-1888 $941,516.27 $155,000.00
Sep-30-1889 $909,535.69 $45,000.00
Oct-02-1890 $819,979.85 $45,000.00
Sep-25-1891 $726,196.16 $45,000.00
Sep-30-1892 $758,536.53 $45,000.00
Oct-03-1893 $662,399.39 $45,000.00
Oct-02-1894 $717,917.53 $45,000.00
Sep-28-1895 $748,319.58 $44,430.00
Oct-06-1896 $916,862.38 $270,000.00
Oct-05-1897 $1,018,610.09 $270,000.00
Sep-20-1898 $785,718.59 $45,000.00
Sep-07-1899 $910,512.87 $45,000.00
Sep-05-1900 $907,729.98 $50,000.00
Sep-30-1901 $852,912.69 $50,000.00
Sep-15-1902 $996,721.88 $50,000.00

 

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