Statistical Statement Of Deposits In The United States
Description
This section is from the book "Banking Principles And Practice", by Ray B. Westerfield. Also available from Amazon: Banking principles and practice.
Statistical Statement Of Deposits In The United States
On June 30, 1919, the total deposits of the state, savings, and private banks and loan and trust companies in the United States were as follows:
Due to banks.................................................................... | $ 905,000,000 |
Dividends unpaid......................... | 10,000,000 |
Individual deposits............................................... | 20,812,000,000 |
Postal savings deposits........................................ | 16,000,000 |
$21,744,000,000 |
Table Showing Progress Of The Federal Par Collection System
District | Number of Member Banks in District June 15 | Number of Non-Member Banks on Par List June 15 | Number of Incorporated Banks Other than Mutual Savings Banks Not on Par List June 15 | |||
1920 | 1919 | 1920 | 1919 | 1920 | 1919 | |
Boston........... | 432 | 429 | 254 | 241 | .................... | .................... |
New York............ | 771 | 734 | 322 | 318 | .................... | .................... |
Philadelphia........ | 688 | 667 | 423 | 361 | .................... | 46 |
Cleveland........ | 859 | 823 | 1,078 | 833 | .................... | 215 |
Richmond........ | 601 | 572 | 766 | 339 | 776 | 1,083 |
Atlanta.......... | 437 | 424 | 437 | 329 | 1,169 | 1,247 |
Chicago.............. | 1,391 | 1,351 | 4,239 | 3,080 | .................... | 1,088 |
St Louis............. | 563 | 526 | 2,511 | 1,483 | 174 | 1,150 |
Kansas City....... | 967 | 882 | 2,906 | 1,307 | .................... | 1,544 |
1,060 | 1,002 | 3,390 | 2,279 | .................... | 966 | |
Dallas.......... | 804 | 744 | 1,250 | 301 | .................... | 817 |
San Francisco..... | 793 | 669 | 1,038 | 911 | .................... | 153 |
Total......... | 9,366 | 8,825 | 18,614 | 11,782 | 2,119 | 8,309 |
Table Showing Number and Amount of Items Handled by the Federal Par Collection System (In Millions)
Number of Items Handled Drawn on | Amount of Items Handled Drawn on | |||||||
Month Ending | Banks in Federal Bank and Branch Bank Cities | Banks Outside Federal Reserve Bank and Branch Bank Cities | Treasurer of United States | Total | Banks in Federal Reserve Bank and Branch Bank Cities | Banks Outside Federal Reserve Bank and Branch Bank Cities | Treasurer of United States | Total |
1919, July 15 | 4.9 | 17.0 | 2.4 | 24.4 | $6.4 | $3.8 | $1.2 | $11.4 |
1920, June 15 | 7.0 | 275 | 1.9 | 36.5 | 6.7 | 4.7 | 0.5 | 12.8 |
The deposits of the national banks on the same date were: | ||
Due to federal reserve banks......... | $11,000,000 | |
Net amounts due to national banks... | 1,135,000,000 | |
Net amounts due to other banks, bankers, and trust companies...... | 1,839,000,000 | $ 2,985,000,000 |
Certified checks outstanding............ | .......................... | 2 75,000,000 |
Cashier's checks on own bank outstanding | ...................................... | 206,000,000 |
Demand deposits: Individual deposits subject to check | $8,480,000,000 | |
Certificates of deposits due in less than 30 days................... | 409,000,000 | |
State, county, or other municipal deposits ......................... | 88,000,000 | |
Deposits requiring notice, but less than 30 days................... | 43,000,000 | |
Dividends unpaid................. | 26,000,000 | |
Other demand deposits......................... | 6l,000,000 | 9,106,000,000 |
Time deposits: | ||
Certificates of deposit............. | $ 898,000,000 | |
State, county, or other municipal deposits ......................... | 8,000,000 | |
Postal savings deposits............ | 94,000,000 | |
Other time deposits............... | 1,784,000,000 | 2,785,000,000 |
United States deposits................. | ........................ | 567,000,000 |
$15,924,000,000 | ||
According to the statement of the Comptroller of the Currency covering returns from his call of May 4,1920, from national banks only, the states ranking highest in the number of deposit accounts per 1,000 of population were as follows:
Wyoming............. | 394 | Iowa................. | 262 |
Montana............. | 349 | Virginia.............. | 259 |
Idaho................ | 293 | Vermont............. | 255 |
Pennsylvania.......... | 289 | California....................... | 248 |
Colorado.............. | 280 | South Dakota......... | 244 |
Oregon............... | 275 | Maine............................. | 239 |
Minnesota............ | 271 | Texas................ | 236 |
At this date there was an average of 190 accounts for each 1,000 people, or approximately one account for every 5 1/2 people. The number of demand deposit accounts was 12,315,000, and of time deposit accounts 8,065,000, aggregating 20,380,000 accounts.
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