STOCK SAVINGS BANKS. Reporting stock savings banks are located in the District of Columbia, North Carolina, Iowa, and California. The resources of these banks amount to $448,432,970. The loans aggregate approximately $301,347,000; investments in stocks, bonds, and other securities, $86,786,000; deposits with other banks, $38,923,000; and cash on hand, $8,759,000. The capital is $28,896,000; surplus and undivided profits, $16,825,000; deposits, $390,834,000; the number of depositors, 742,165, and the average deposit $526.61. Comparing the stock savings-bank returns for the current year with those of 1905, an increase in the aggregate resources is shown of approximately $47,495,000, the increase in 1905 over 1904 being $43,676,000. The deposits have increased by $34,289,000, being $5,520,000 less than the increase for the year ended June 30, 1905. The number of depositors, estimated at 754,601 in 1905 and 742,165 in 1906, shows a loss of 12,436. The exact number of depositors is given only for the District of Columbia; those for the three States named are partially estimated, the estimate being based upon unofficial returns from such banks as gave that information. The number of depositors in all savings banks reporting (exclusive of those having accounts in savings departments of the State banks of Illinois) has increased since 1905 from 7,218,278 to 7,495,202, and the average deposit from $428.51 to $440.22. The total number of savings depositors, including those of Illinois State banks, has increased from 7,696,229 in 1905 to 8,027,192 in 1906, and the average amount to the credit of each depositor, estimated to be $423.74 in the former year, amounts to $433.79 this year. The aggregate deposits were $3,261,236,119 in 1905 and $3,482,137,198 in 1906, an increase of $220,901,079. The following table shows the growth of savings banks in the United States from 1820 to 1906 as evidenced by the amount of deposits, number of depositors, average deposit account, and the average per capita in census years from 1820 to 1890 and annually thereafter. 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 1906, AND AVERAGE PER CAPITA IN THE UNITED STATES IN THE YEARS GIVEN. NUMBER OF SAVINGS BANKS IN THE UNITED STATES, NUMBER OF DEPOSITORS, AMOUNTS OF SAVINGS DEPOSITS, ETC.-Continued. From an examination of the returns submitted with respect to the rate of interest paid on savings accounts it will be noted that the maximum rate is 4.50 per cent, the minimum rate 3 per cent. The estimated average rate is 3.545 per cent, a slight decrease in the estimated average interest rate of 3.55 per cent in 1905. The following table shows the reported rate paid in each State by savings banks located therein: Through the courtesy of the Bradstreet Commercial Agency this office has been placed in possession of information relating to the number, assets, and liabilities of State and private banks which failed in the year ended June 30, 1906. The total number of failures during the year was 37, the assets of the banks being $6,591,515 and the liabilities $7,187,858. In the year ended June 30, 1905, there were 57 failures of banks of this character, with assets of $6,970,345 and liabilities of $10,273,023. Included in the 37 failures of banks in 1906 were 15 State banks, 5 savings banks, 4 trust companies, and 13 private banks. The failures by geographical sections were as follows: New England States, 3; Eastern States, 2; Southern States, 16: Middle Western States, 14; Western States, 1; Pacific States, 1. The assets of the 16 banks which failed in the Southern States amounted to $5,110,414 and their liabilities to $4,806,924. assets of the 21 banks failing in the other sections aggregated $1,481,101 and liabilities $2,380,934. The The number of banks of these classes that failed annually from 1864 to 1906, together with their aggregate assets and liabilities and dividends paid, from 1864 to 1896, is shown in the table following: NUMBER OF FAILURES, CAPITAL, ASSETS, LIABILITIES, AND DIVIDENDS PAID BY STATE AND PRIVATE BANKS THAT FAILED IN EACH YEAR FROM 1864 TO 1906. NUMBER OF FAILURES, CAPITAL, ASSETS, LIABILITIES, AND DIVIDENDS PAID BY STATE AND PRIVATE BANKS THAT FAILED IN EACH YEAR FROM 1864 TO 1906Continued. $3,193, 747. 39 220, 629,988. 27 7,080, 190.00 $1,408, 047.99 9,671,860.25 2,361, 320. 01 673, 579. 10 1,610, 527. 45 1,924,773. 68 1,026, 682.73 3,884, 577.99 3,090, 597. 48 803, 860.76 17,912, 270. 45 1,456, 522.87 2,251, 708.93 534, 363. 30 99,711, 330.75 377,396, 20 100,088, 726.95 DEPOSITS. The individual deposits in all reporting banks in 1896 aggregated $4,945,124,423; for the current year individual deposits in all reporting banks in the United States and island possessions aggregate $12,215,767,666, a gain of over $7,270,000,000 within the past ten years. A compilation of the returns for the years 1896, 1900, 1904, 1905, and 1906, for each State and geographical division, showing the amount of individual deposits of each class of banks, will be found in the appendix, and a summary for the years named, by geographical divisions, is presented in the accompanying table: Grand total.. Island possessions: 3,276,710,916 4,777,797, 518 2,054,936, 715 6,669, 825, 823 208,817, 622 462,935, 041 629,544,579 2,348, 470,033 7,550,341,225 $441,020,087 6, 143, 167 8,660, 318 8,234,664 464,058, 236 418, 240, 355 882,298, 591 1,251, 392, 081 202,911.288 78,702, 262 114, 674, 829 1,647,680, 460 1,081,673, 156 | 2,729, 353, 616 201,080, 150 10,502, 872 136,874 211,719, 896 294, 412,976 506, 132, 872 263,867,939 265,435.714 5,736, 408 34,652,914 569, 692, 975 227,762,586 797, 455, 561 2,722,922,028 3,299,544, 601 109,947,509 2,008,937, 790 8,141.351.928 4,054,677,558 4,945, 124, 423 7,235,890,276 9,981,259,330 11,333,071, 497 12, 196,029, 486 States and islands..... 4,945, 124, 423 7,238, 986, 450 10,000, 546,999 11,350,739,316 12,215,767,666 a Statements for April 6, 1906. |