The Providence news. (Providence [R.I.]) 1891-1906, 1892-02-05
The SAYINGS BANKS.
Figures Which Show Their Pros
perity for 1891.
DEPOSITS NUMBER 1862.
The Average Paid by Institutions Which
Declared Dividends During the Last
Six Months was 3 I-e Per Cent-Other
Interesting Information.

State Auditor Landers has prepared the
following figures in regard to the condi-
tion of the savings bank trust companies,
etc.:
The statements made by the 3S saving
banks In this State for the year ending
Nov. II, 1891, show total deposits amount
ing TO SGT, ,216, 157. Al. The deposits Tor the
year previous were S63, 49, ,49l.57 The in
crease is S2,556, 665.S7. The total number
of depositors the past year was l56, ,o4o
For the year previous there were l3l,O CO..
depositors and the gain is 1896.
The 3S banks have invested IN mortgages
on real estate in Rhode Island, S2O,936,-
006 80; in mortgages on real estate In other
states, s., ,S92 035. 81: in bank stock, S2,561,
549 81; in railroad stock, S454, l45; in manu-
featuring stock. S6I, ,3s5.0l; miscellaneous
bonds, s.. .326, 100; State bonds,
Sl66, $50; city, town and village bonds,
$6,924 666. IS; county bonds, SS2S,325; rail
road bonds, 50, 500, $50; school and school
district beHds, S42i ,SS1 90; miscellaneous
bonds, S3, ,652, ,355; loaned on personal Sc
curity, So, SIS, ,06S. OF; loaned on collaterals
of personal security, S3,74l ,4O0.70; cash on
hand 81, ,463 77s 81; real estate 81, 040 437. So;
furniture and fixtures, sl5,s02. 49, call
loans, s7s5, 109.09 city district and town
notes, S30s, 1l5; profit and loss, Sl6S,
go, 265, $500.
The table of liabilities of the savings
banks shows the following figures: I'm
paid dividends, S4l ,5S7. 40: amount due de-
positors. S66, 276, l57. "A; amount OF profit on
hand, S3, ,571 sos. OF; amount due national
banks, Sl6.S39.73; bills payable s4,S51; A;
profit and loss, 1888, 1884; amount due
other banks, S4,s5274; other liabilities,
Sl6 $50. 80; total, $40, ,265 S1S.09.
The average paid by the 32 institutions
which declared dividends during the last
six months of the year was 1-32 per cent
The increase in those depositing less
than $500 was $50; of those depositing
over $500 and less than $1,000 was $40: of
those depositing 81 900 and upwards 567.
The whole number of depositors was
13664S; number depositing from $500 TO
81 900 is II, 100; $1,000 and upwards 1851;
number depositing under $500 is 9O,O47
The largest amount due any one depositor
Is $3.50 14S21.
In 1858 there were twelve savings banks
and 16, 9S9 depositors. The amount of de-
posts was S3, ,30S, s69.11; average TO each
depostor Sl94 IS; average To each person
In the State, s22 "A; population OF the
State about l47, ,545.
There was an increase in the amount Of
deposits each year until 1876 when there
was decrease of s199.351.2l. The average
for each depositor in that year was the
largest that 10 has ever been, viz, $5O5. so
The average to each person in the State
- WAS 1850, the population being 25S, 239
The number of savings banks was thirty
nine that year In 1915 the amount of
deposits was $5l, ,3l1 ,33O.62. That figure
was not exceeded until ten years
later. In 1885 it was S51, ,Sl6, 300. AZ
There has been an increase every
year since that time. The report
Of 1878 showed the largest decrease IL be-
ing $5,301, l15.03 The increase began in
1880 again. The increase shown in the
present report is not quite so large as that
In the previous report. The population is
person in the State is Sl9l.S2; the average
to each depositor is $4S5.0l. The average
to each depositor is $500 20 more than 1t
was in 1853 The amount of deposits has
increased from more than S3,000,0O to
more than $66, 100000. The number of de-
positors has increased from about IL, 600 to
about $4,000
There are seven loan and trust compa-
nies six located in Providence and one at
Wakefield. They have in mortgages on
Rhode Island real estate $134. .351 in other
States, 81, $50, 259. "a total amount of re-
sources, SIS 416, ,S59.39 The liabilities of
these companies are Capital stock,
&, 1853, $50: other deposits, $5.64s, ,S45.97 (;
participation accounts 50, 1SO, 2S225. 50 ; total
liabilities, Sl5, ,4l6, ,S59. 49,
The whole number of depositors in these
loan and trust companies is 4,042 largest
amount due any one depositor, $50, ,6O5.O2
The State banks, six in number, have
total resources of g., ,095, 1850.
The average rate of dividend OF 30 saw
ing banks for the past three years ranges
from per cent. TO SO per cent.