Evening Republican, Volume 23, Number 87, Rensselaer, Jasper County, 9 April 1920 — 18,240,300 HAVE MONEY IN BANK [ARTICLE]

18,240,300 HAVE MONEY IN BANK

Big Increase in Number of National Bank Depositors Shown. NONE HIT BY BANK FALBFE Increase of 119 Per Cent in Total Amount of Deposits in Nine Years —Average Balance of Individual Depositor $651.92. Washington.-—One of every six of - the total population of the United States has kept an account* in a national bank, the official returns of June 30, 1919, just compiled by the । comptroller of the treasury reveals, and during the fiscal year ended Octo- ' her 31, 1919, not one of the' 18,240,300 depositors lost a dollar from bank failure. z On June 30, 1919. the number of individual accounts in our nearly 8,000 , national banks was 18,240,300, as , shown above. This compares with a । total of 7,690,468 individual accounts on June 30, 1910, the increase in the number of. depositors being 10,549,832, or 137 per cent in nine years. In the same period the total deposits (individual and bank) have grown from $7,257,037,747 on June 30, 1910, to $15,924,865,000 on June 30. 1919, an increase of 119 per cent. Average Balance. The average balance to the. credit, of each individual depositor (not including balances of banks) on June 30, 1919, was $651.92, which compares with an average deposit of $680.47 on June 30, 1910. Pennsylvania leads all the other states with 2,398,206 national bank deposit accounts; New York comes second, with 1,495.220; the next in o£ der are Illinois, 1,059,691, and Ohim with 1,037,959. Of the total number of national bank accounts in the country, 10,079,188 were demand deposjt accounts on which no Interest was allowed, and 246,072 were time accounts on which interest was not allowed. There were also 1,149,861 demand accounts on which Interest was allowed and 6,765,179 time deposit accounts bearing interest New York leads the cities In the number of accounts, with 321,816; Chicago has 192,806; St Louis, 121,160; Washington, 119,568; Atlanta, 115,679; Pittsburg, 106,016, and Philadelphia, 108,245. Record of Cities. The following list gives, in order of total of individual deposits, the namea of the 25 cities whose national banks held the largest deposits, and shows ! in the case of each city the average ' amount to the credit of each individual depositor: Now York 16,303 Cleveland $6,419 Chicago 2,34B’Baltimore 2,614 Philadelphia ... 3,sosl Kansas City I,o* Boston 7,043|K0s Angeles .... 1,233 I Pittsburgh 2,230 j Detroit .......... 4,917 San Fraficiicb.. 2,2 K| Minneapolis ..... 1,161 : St Louis , l,o7l|Mllwaukee 862 ; Spokane 871|Washington 680 Portland 823| Denver 1.126 Cincinnati 1,546;0maha 1,042 St Paul 1.315 Atlanta 431 Richmond 626;Houston *3O Dallas 739 j I In the size of average of Individual national bank deposits Boston thus leads all the large cities of the counI try with*an average of $7,043, New York second with $6,303, and Cleveland third with $5,419.