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Bank Info for NB Charter 704 (1865 - 1909)

Official Bank Title(s) (Huntoon)
# Bank Title (Change Date) Bank Town
1 The Salem National Bank of
Salem, MA
Bank Officer Pairs (OCC/Pollock)
Years Cashier President
1865-1875 George D. Phippen William Crowninshield Endicott
1876-1881 George D. Phippen Augustus Story
1882-1887 George D. Phippen Samuel Endicott Peabody
1888-1895 George D. Phippen Benjamin W. Russell
1896-1896 Henry C. Millett Benjamin W. Russell
1897-1909 Henry C. Millett J. T. Mahoney
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 - 800
Original Series 4x5 1 - 3500
Original Series 3x10-20 1 - 3000
Original Series 50-100 1 - 1700
Series 1875 4x5 1 - 5000
Series 1875 3x10-20 1 - 4232
Series 1875 50-100 1 - 640
1882 Brown Back 4x5 1 - 17030
1882 Brown Back 3x10-20 1 - 2250
1882 Brown Back 50-100 1 - 2488
1902 Red Seal 4x5 1 - 6800
1902 Red Seal 4x10 1 - 2000
1902 Red Seal 3x10-20 1 - 2680
1902 Date Back 4x5 1 - 1638
1902 Date Back 4x10 1 - 1642
Smithsonian NBN Proof Links (Huntoon Index)
Bank History Summary (VanBelkum/Huntoon/Pollock)
  • Organized Dec 13, 1864
  • Chartered Jan 12, 1865
  • Liquidated Nov 22, 1909
  • Succeeded by Naumkeag Trust Company, Salem
  • Bankers Magazine Succession Info (1863-1909):
  • Succeeded Salem Bank
Bank Balance Summaries (Huntoon/Pollock)
Total Resources Summary
Low Bal (1865) $486,384
High Bal (1896) $1,196,134
Circulation Summary
Low Bal (1884) $45,000
High Bal (1877) $270,000
Total Out (1909) $148,200
# Large Notes 211,944
# Small Notes 0
# Total Notes 211,944
$ Large Size $2,161,340
$ Small Size $0
$ Total Issued $2,161,340
OCC Annual Bank Balances (Pollock)
Report Date Total Resources Circulation
Oct-02-1865 $486,383.87 $134,000.00
Oct-01-1866 $504,246.17 $175,965.00
Oct-07-1867 $550,075.74 $175,883.00
Oct-05-1868 $533,581.57 $175,100.00
Oct-09-1869 $588,944.01 $175,910.00
Oct-08-1870 $612,415.75 $175,292.00
Oct-02-1871 $677,145.18 $175,707.00
Oct-03-1872 $624,628.02 $175,204.00
Sep-12-1873 $879,134.48 $265,254.00
Oct-02-1874 $864,841.09 $255,300.00
Oct-01-1875 $961,025.30 $243,800.00
Oct-02-1876 $896,656.79 $268,000.00
Oct-01-1877 $925,643.16 $270,000.00
Oct-01-1878 $832,410.14 $263,300.00
Oct-02-1879 $907,936.79 $270,000.00
Oct-01-1880 $853,284.59 $268,100.00
Oct-01-1881 $948,041.05 $266,900.00
Oct-03-1882 $913,605.39 $263,400.00
Oct-02-1883 $905,197.49 $266,000.00
Sep-30-1884 $822,589.01 $45,000.00
Oct-01-1885 $877,035.17 $45,000.00
Oct-07-1886 $778,602.87 $45,000.00
Oct-05-1887 $711,751.10 $45,000.00
Oct-04-1888 $827,809.65 $45,000.00
Sep-30-1889 $889,553.61 $45,000.00
Oct-02-1890 $850,318.26 $45,000.00
Sep-25-1891 $893,294.60 $45,000.00
Sep-30-1892 $962,451.59 $45,000.00
Oct-03-1893 $1,183,769.47 $270,000.00
Oct-02-1894 $932,987.41 $45,000.00
Sep-28-1895 $989,225.36 $45,000.00
Oct-06-1896 $1,196,134.44 $270,000.00
Oct-05-1897 $1,140,915.43 $180,000.00
Sep-20-1898 $856,518.43 $45,000.00
Sep-07-1899 $963,403.73 $45,000.00
Sep-05-1900 $980,922.03 $50,000.00
Sep-30-1901 $990,182.83 $150,000.00
Sep-15-1902 $851,365.74 $50,000.00
Sep-09-1903 $770,935.16 $50,000.00
Sep-06-1904 $804,993.64 $50,000.00
Aug-25-1905 $929,707.00 $150,000.00
Sep-04-1906 $979,530.00 $150,000.00
Aug-22-1907 $934,312.00 $147,200.00
Sep-23-1908 $952,668.00 $150,000.00
Sep-01-1909 $1,082,652.00 $148,200.00

 

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