The Providence news. (Providence [R.I.]) 1891-1906, 1893-02-04
THE SAVINGS BANKS.
Annual Report Of the State Auditor
on Their Condition.
DEPOSITS AND DEPOSITORS.
A Full Statement of the Resources and
Liabilities of the Institutions for Saw
ings and Trust Companies i'm the
State-The General Condition Good.

The report Of the state auditor relatin2
to the condition OF the savings banks, in
stitutions for savings and trust com
panies in the state is nearly ready for
presentation to the General Assembly.
These institutions are required by law to
make annual reports to the state audi
tor Of their depositors aud deposits, re-
sources and liabilities in order thai the
basis Of the tax which they shall pay to
the state treasurer may b. determined.
The report also includes the amounts Of
money on deposit with each OF the above.
named institutions in the state.
The OF the savings bank. ana
institutions for savings are divided rs
follows: Amounts Invested in mort "a res
on real estate in Rhode Island, s2l. IA.
BIS %; invested in the same securities in
other states. 8, 72i, 407. 90 in bank stock,
s. ,621. 16S I'll; railroad stock. S451, Ply:
manufacturing stock, BIS. POS miscella-
neous stock. S126.921 50; 4. :. bonds,
1890, 100. state bonds. sl79,66l. 50: city,
town aod village bonds. S. S6, 736 90 -;
county b mis-, 1919, $50; railroad bonds.
sl1, OF, 55s. 20; school and school dis
trio bond $3.50, SSl. 80; miscellaneous
bonds, st39i,O95; loaned on per-
sonal securi, ~, $500 629 81; cash
on nand, Sl,oSe, o13.So, real estate
81 700. 307. &c; cali loans. 1884. 40I 81; city.
town and district notes. s77l, Isl IA, proit
ana loss. sS3S. 1l4.4l; total resources, S73..
65s, 1873 80.
O the savings banks the Providence
Institution for Savings has the largest
resources, sl3, 800, SIC. 81 aud the Mechanics
Savings Bank OF Providence comes next
with sl0.51S 469.2Z
TIL liabilities OF the same concern are
divided as follows: Unptid Dividend,
t37.Oi4 30; amount due depositurs, s59.-
BOG. 9g2.5 80; amount OF profit on hand, So
l92.S9S03; amount due national banks,
Si0,gS9 o. profit and loss, 1868. SIS IS.
Tn amount OF money on deposit at
present ia the savings institutions in the
State Is 500, 902. 9g2 81; whole number of
deposItors. 141495; number depo citing
E00 and under 81 900 is 1891; number
dep0siting $1,000 aud upwa ia, 21.4S3
humber deposi ing under $500. 1882.
The average amount OF the last divi-
dends was 1.G06. 0l3,6s. The aggregate
amount Of reserved profits 40 the time OF
last dividend was e. 502l9F
The report includes a table showing
the number. the condition aud progress
Of each savings bank OF Rhode Island IN
each year from 1853 to 1892 in
elusive. From this table the fact
~ observed that in 1853 there
were IL savings banks in the state, Ia
1853 there were 81, In 1873 there were %,
ia 1888 there wer 80 aud mt the present
time there are IS. During the years 1870
TO 1881 inclusive, there we're 30. and this
u the largest number at any Que time.
The lumber of depositors has increased
from 10 $50 In 1858 to li2, 400 At present,
The Increase In the number Of 1892 over
tsatUf 1891 being6.l 56. The increase in the
smount Of dep l>its OF 1892 over 1891 is
$3.50. So l3. The average amount OF de-
posts Is siol6l. and the average TO each
person IN the st tte according to the es-
timated population Of 3lj, sos is Ssg2 "a.