Evening Republican, Volume 22, Number 318, Rensselaer, Jasper County, 6 January 1920 — Increase in American Wealth [ARTICLE]

Increase in American Wealth

The wtdedtetribution and great increase in American wealth is shown in figures made public recently by Controller of the Currency Williams, showing that the. number of depositors in national banks has increased 10,549,832 in the test nine years. Individual deposits have increased approxmstely $8,500,000,000. The total number of depositors in national banks, excluding accounts of banks, was given as 18,240,300, or one out of every six of the nation’s population. The per capita deposit was shown to be $689, a gain of S3B on the average account in the nine-year period. Pennsylvania led wth 2,398,206 deposit accounts; New York, second with 1,495,220, and next in order were: Illinois, 1,059,691; Ohio, 1,037,959. Othei states with as many as 300,000 national bank accounts are Texts, 909,331: California, 666,148; New Jersey, 637,332; Minnesota, 4^,505; Indians, *69,03?; lowa, 562.117; Wisconsin, 507,147; Massachusetts, 490,536; Oklahoma, 444.166; Missouri, 392,485; Michigan, 377,825; Kansas, 357,796; Tennessee, 319,496; Kentucky, 312,869, and West Virginia, 305,823. Cities reporting in the aggregate as many as 60,000 national accounts were: New York city, 321,816; Chicago, 192,806; St. Louis, 121,160: Washington, 119,548; Atlanta, 115,679; Pittsburgh, 106,016; Philadelphia, 103.245; Milwaukee, 89,926; San Francisco, 85,625; Kansas City, 84,384; Portland, 83,951; Seattle, 82,103; Richmond, 80,550; Houston, 78,476; Los Angeles, 72,698, and