COLLECTION GUIDES

1854-1958

Guide to the Collection


Collection Summary

Creator: Boston Penny Savings Bank
Title: Boston Penny Savings Bank records
Dates: 1854-1958
Physical Description: 58 extra-tall volumes and 60 volumes in 11 document boxes
Call Number: Ms. N-2058 (XT)
Repository:
Massachusetts Historical Society
1154 Boylston StreetBoston, MA 02215library@masshist.org

Abstract

This collection consists of the records of the Boston Penny Savings Bank and the Charlestown Five Cents Savings Bank, which merged with the Boston Penny Savings Bank.

Historical Sketch

The Boston Penny Savings Bank was incorporated in 1861. In 1917, the bank moved to a building on Washington St. in the South End of Boston. The Charlestown Five Cents Savings Bank, founded in 1854, merged with the Boston Penny Savings Bank.

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Sources

"Stories of Mutual Savings Banks: The Boston Penny Savings Bank." United States Investor, vol. 33, no. 30, 29 July 1922, pp. 1593-5.

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Collection Description

This collection consists of the records of the Boston Penny Savings Bank and the Charlestown Five Cents Savings Bank, which merged with the Boston Penny Savings Bank. Records for the Boston Penny Savings Bank (from 1864) include volumes of: drafts, deposits (including name, residence, occupation, age, and place of birth), ledgers, cashbooks, signatures, trustees' meetings (1881-1922), the Investment Committee (1926-1955), and the Insurance Department (1939-1958).

Records of Charlestown Five Cents Savings Bank (from 1854) include volumes of: signatures, deposit ledgers, dividends, the Investment Committee (1881-1895), and depositors' signatures/agents' books (1854-1855), as well as customers' savings passbooks (1854-1906) numbered 1-400 and 5001-5175 (with gaps in numbering).

The collection also contains a few unidentified volumes of deposits (1927-1932) and expenses (1941-1942) and a cashbook (1864-1871), as well as a cashbook of Monument National Bank (1873-1877) and an account book (1858-1883) shared by Monument Bank, Maverick National Bank, and Republic Bank.

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Detailed Description of the Collection

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Preferred Citation

Boston Penny Savings Bank records, Massachusetts Historical Society.

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Access Terms

This collection is indexed under the following headings in ABIGAIL, the online catalog of the Massachusetts Historical Society. Researchers desiring materials about related persons, organizations, or subjects should search the catalog using these headings.

Organizations:

Charlestown Five Cents Savings Bank.
Maverick National Bank (Boston, Mass.).
Monument Bank (Charlestown, Mass.).
Republic Bank.

Subjects:

Banks and banking--Massachusetts--Boston.
Banks and banking--Massachusetts--Charlestown.
Savings banks--Massachusetts--Boston.
Savings banks--Massachusetts--Charlestown.

Collection processed by Katherine H. Griffin, June 2017

Encoded by Susan Martin, April 2020.

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