Number of savings banks in the United States, number of depositors, amount of savings deposits, average amount due each depositor in the years 1820, 1825, 1830, 1835, 1840, and 1845 to 1915, and average per capita in the United States in the years given.

In the statements for 1896 to 1908, inclusive, but not subsequently, are the number of depositors and the amount of deposits in the State banks of Illinois having savings departments, but not the number of such banks, by reason of the fact that general returns from these institutions are incorporated in State bank returns. The savings deposits in savings departments of Illinois State banks and trust companies were reported officially on June 24, 1915, at $294,534,096.

MUTUAL SAVINGS BANKS.

Reports were received, as of June 23, 1915, from 630 mutual savings banks. These banks are located chiefly in manufacturing centers and towns of the New England and Eastern States, there being only 23 reporting institutions of this character in other sections of the country, namely, 1 in West Virginia, 3 in Ohio, 5 in Indiana, 5 in Wisconsin, 8 in Minnesota, and 1 in California..

The resources of this class of banks aggregate $4,319,382,916.93, and their deposits amount to $3,950,666,362.08, credited to 8,307,787 depositors, the average deposit account being $475.53. The increase in deposits during the year was $35,040,171.51 and in the number of depositors 30,428. The resources of the mutual savings banks are classified as follows: Loans, $2,170,038,917.61; investments in bonds, securities, etc., $1,869,866,528.83; banking houses, furniture, and fixtures, $38,584,738.03; other real estate owned, $17,884,806.10; due from banks, $183,397,209; checks and other cash items, $935,158.63; cash in bank, $21,936,695.67; all other resources, $16,738,863.06; total, $4,319,382,916.93. The liabilities are classified as follows: Surplus, $289,724,578.07; undivided profits, $70,292,316.79; due to banks, $411,231.38; individual deposits, $3,950,666,362.08 other liabilities, $8,288,428.61; total liabilities, $4,319,382,916.93. The average rate of interest paid to depositors in mutual savings banks in 1915 was 3.83 per cent, against 3.86 per cent in 1914. An average rate of 3.88 per cent is paid by the banks in the New England States, 3.74 per cent in the Eastern States, 3.66 per cent in the Middle Western States, 4.5 per cent in West Virginia, and 4 per cent in California.

The following table shows the number of depositors in mutual savings banks, the aggregate savings deposits, and the aggregate amount due depositors in the States indicated on June 30, 1914, and June 23, 1915:

Number of mutual savings banks, number of depositors, aggregate deposits, and average deposit account, by States, June 30, 1914, and June 23, 1915.

Stock savings banks to the number of 1,529 furnished reports as of June 23, 1915. A large number of so-called savings banks transact chiefly a commercial business and carry very few savings accounts. In those States where savings-bank reports are not separately compiled by the State banking departments but classified with commercial banks, care has been exercised in eliminating from the classification made by this office all so-called savings banks which are chiefly banks of discount and deposit, transacting only a minimum of savings bank business. Some difficulty is experienced in making the classification uniform throughout, but this difficulty can not be entirely overcome until the State banking departments of every State shall make a separate classification of reports for each class of banks.

In California a large number of the banks are known as departmental banks, which make separate reports to the banking department of that State for each class of business-i. e., for their commercial, trust, and savings bank departments. The figures for California, therefore, include the resources and liabilities of savings banks and savings departments of other banks.

602

The capital stock of the 1,529 stock savings banks reporting as of June 23, 1915, amounts to $92,982,798.15, against $89,423,876.57 for 1,466 banks reporting in June, 1914. Their loans aggregate $850,304,207.35, classified as follows: Secured by farm lands, $154,852,072.58; secured by other real estate (including mortgages owned), $351,891,918.88; secured by collateral, other than real estate, $100,018,175.74; all other loans, $243,542,040.15. Overdrafts amounted to $1,514,855.

Investments in bonds, securities, etc., including premiums, aggregate $158,294,012.21, classified as follows: United States bonds, $5,491,535.32; State, county, and municipal bonds, $54,320,053.79; railroad bonds, $21,088,516.71; bonds of other public-service corporations, $34,097,066.05; all other bonds, stocks, warrants, etc., $43,296,840.34.

The classification furnished by the banks relating to investments in bonds is more in detail for the present year than heretofore. In 1914 over $103,000,000 of investments in bonds, etc., was reported as unclassified; for the current year only $43,000,000 is so reported. The reports show cash in bank amounting to $40,844,782.09; amount due from banks, $124,848,911.30, and that the aggregate resources were $1,238,673,391.65.

The paid-in capital stock was $92,982,798.15; surplus, $40,905,294.21; undivided profits, $26,753,372.72; due to banks, $10,184,809.36; individual deposits, $1,047,039,650.93, and other liabilities amounted to $20,807,466.28, including $1,492,713.36 postal savings deposits. The individual deposits include savings deposits, $754,443,330.99; time certificates of deposit, $102,102,674.46; demand certificates of deposit, $17,833,709.36; deposits subject to check without notice, $170,151,181.21, and certified checks and cashier's checks aggregating $2,508,754.91.

The depositors in stock savings banks number 2,977,968, of which number 2,380,496 are savings depositors and 597,472 have commercial accounts. The rate of interest paid on savings accounts averaged 3.82 per cent and on other deposits 3.41 per cent. One thousand two hundred and nineteen banks reported interest paid on savings accounts and 569 on other deposits.

LOAN AND TRUST COMPANIES.

Many so-called loan and trust companies are simply commercial banks and transact no trust business. As far as possible reports from such concerns have been excluded from the summary which follows, but are included with the commercial banks.

Reports as of June 23 were received from 1,664 loan and trust companies, with capital amounting to $476,806,240 and aggregate resources of $5,873,120,341.27. In June, 1914, reports were received from 1,564 loan and trust companies, with capital of $462,201,248.74 and resources of $5,489,531,037.80. this year number 100 more than last year, with an increase of The companies reporting $14,604,991.26 in capital stock and $383,589,303.47 in resources.

The number of institutions of this character reporting from the New England States is 235, from the Eastern States 530, from the Southern States 400, from the Middle Western States 384, Western States 60, and Pacific States 55.

The loans and discounts of loan and trust companies aggregate $3,045,279,399.87, classified as follows: Secured by farm lands, $107,696,242.52; secured by other real estate (including mortgages owned), $535,592,654.51; secured by collateral other than real estate, $1,401,021,422.28; all other loans, $1,000,969,080.56.

Investments in bonds, securities, etc., including premiums, aggregating $1,349,613,857.23, are classified as follows: United States bonds, $2,138,054.71; State, county, and municipal bonds, $241,160,288.27; railroad bonds, $401,071,546.42; bonds of other public-service corporations, $232,451,914.02; other bonds, stocks, warrants, etc., $472,792,053.81. Banking houses, including furniture and fixtures, showed an investment of $141,599,069.29, while other real estate owned was valued at $45,183,991.95.

The amount reported as due from banks was $754,162,819.68; checks and other cash items, $11,410,230.25; and exchanges for clearing house, $36,232,849.63. Cash in bank amounted to $287,957,932.46 and resources unclassified $198,291,561.74. With a paid-in capital stock of $476,806,240, the trust companies reported surplus of $450,675,447.30, together with undivided profits amounting to $126,718,353.51. The amount due to banks was $386,518,814.13; dividends unpaid, $1,480,328.50; individual deposits, $4,204,596,408.92, and postal savings deposits, $11,420,836.69. Notes and bills rediscounted amounted to $4,182,770.03, and bills payable (including certificates of deposit representing money borrowed), $23,574,321.06. Other unclassified liabilities were $187,146,821.13. The individual deposits of the trust companies are classified as follows: Subject to check without notice, $2,640,902,365.36; certified checks, $14,787,783.34; cashiers' checks outstanding, $23,386,418.36; demand certificates of deposits, $94,827,754.75; savings deposits, $1,053,569,572.94, and time certificates of deposit, $377,122,514.17.

PRIVATE BANKS.

Reports of condition as of June 23, 1915, were received from 1,036 private banks, against 1,064 reporting in 1914. Less than one-half of the private banking institutions in operation in the country can be prevailed upon to furnish reports of condition for statistical purposes.

The banks reporting number 108 from the Eastern States, 71 from the Southern States, 775 from the Middle Western States, 75 from the Western States, and 7 from the Pacific States.

The capital of the 1,036 reporting private banks aggregates $20,547,907.47, and the resources $177,665,561.92. Loans and discounts, aggregating $113,751,661.08, are classified as follows: Secured by farm lands, $16,142,743.11; secured by other real estate, $10,376,702.51; secured by collateral other than real estate, $14,634,456.31; all other loans, $72,597,759.15.

Investments in bonds, securities, etc., including premiums, aggregating $15,312,724.75, were classified as follows: United States bonds, $322,563.51; State, county, and municipal bonds, $3,660,778.86; railroad bonds, $3,460,149.08; bonds of other public-service corporations, $1,212,636.90; other bonds, stocks, warrants, etc., $6,656,596.40. Private banks held cash in bank amounting to $6,451,651.72, and reported amount due from banks as $24,935,097.17. Their surplus was reported at $8,442,234.66.