The first mutual savings institution in this country, for it is to this Class that the Hartford organization belongs, was the Philadelphia Saving Fund Society, organized on November 25, 1816, but not Chartered until February 25, 1819. Others which preceded the Hartford Society for Savings were Chartered in the fol lowing order: The Provident Institution for Savings, Boston, Massachusetts, December 13, 1816; The Salem Savings Bank, Salem, Massachusetts, January 29, 1818; The Savings Bank, Baltimore, Maryland, December, 1818, and The Bank for Savings, New York City, March 26, 1819.

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