Evening star. [volume] (Washington, D.C.) 1854-1972, 1902-09-22
MONEY IN THE BANKS
DEPOSITS AGGREGATE EIGHT
AND A HALF BILLIONS.
This Is $1Os Per Capita-Ten Years
Ago They Were Just half
as Much.

The bank deposits of the people of the
United States aggregate eight and a half
billion dollars. or sos per capita Ten
years ago they aggregated 81 232, 900, 900, or
just half the amount of today, and twenty
years ago they were $1,000 OOO, COO, or a
little more than one-quarter Of those of
today
These figures are presented in a table
just prepared by the treasury bureau of
statistics for publication in the forth
coming issue of it's monthly summary of
commerce and finance. They are compiled
from the reports Of the controller of the
currency, and include the deposits in ma
tional banks, savings banks, state banks,
loan and trust companies and private
banks, and cover the official figures of the
year 1901. The figures for the various
classes of banks stand follows:
Deposits s.. in -,
Savings banks. ....................2 1857 094 $50
state banks :.:......:........... 1910, SOP 246
Aggregate. So 535 Oo3 1875
The figures thus compiled by the bureau
of statistics show the total deposits in the
various banking organizations of the coun-
try, so far as they can be obtained from
1915 down to the present time; though 1t is
proper to add that the figures for private
banks include, since 1887, only such banks
as voluntarily report to the controller of
the currency, in other words, only about
one.fourth OF the total number of private
banks In the United States; while during
the period from 1875 to 1882 the figures
cover the deposits in practically all private
banks. Taking the figures at intervals from
1873 to 1901. the total deposits in all bank
ing institutions stand as follows:
Year. Denos,ts
. % ~
!SS2. NEUTRALITY-SUSPICIOUS.. 2,755 93s, O53
1881 ....................... 1926 772, 1874
1857 $3.50 400 13B
1901 Observation-Disclosures. $685. O53 1873
During recent years the growth has been
very rapid. From 1878 to 1882 the increase
was 1893, 1888; from 1882 to 1887, $780,
S34,OSl; from 1887 to 1892 81 ,374, us, O22;
from 1892 to 1897. $685. 359, 374, and from 1897
to 1901, s., SS3S, 2O5, 6U6.
The Figures Analysed.
An analysis of the deposit figures of each
class Of banks is interesting and in some
cases may be carried back over a much
longer term Of years. The published figures
cover the deposits in certain classes OF
banks at much earlier date than that
covered by the reports upon loan and trust
companies and private banks.
The individual deposits in national banks.
for example, grew from $500 600, 900 in 1865
TO S61S.UUOOOO in 1879, u, Ill ,OOO, 600 in 1885,
SIT 100000 in 1895 and $685., 100000 in
1901 to Sill 100000 IN 1902.
For savings banks the figures extend back
to the year 1920, and show the total de-
posits in that year at 81, 1873, 576 in 1880,
$6973 ,304; in 1910, S14,O51 $50; 1885, $43 431,-
100; 1850, $149, 277 504; 1880, $S19 1O6 973 1890
1924, S44, 5O6. and in 1901, 81, 597 O94 $50.
For state banks the figures extend back
to 1910. and show for that year total de-
posits to the value Of $75. 693. s57; 1850 $780,
5S6.595; 1850, s257 229 .562: 1880, sos 75l eli;
1890, 1858 O54, 5S4, and 1901, 81 $40 500, 246
For loan and trust companies the figures
begin with the year 1875, and show de-
posts for that year at $50, O25, 81; in $780,
s9OOOSOOS; 1880. 1886. 456, 492, and 1901, ST.
271, OS1, ia.
The figures of deposits in private banks
are complete from 1875 to 1882, by reason
Of the fact that deposits in such banks
were taxed during that period. and, there
fore, returns were complete: but on the re-
peal of the law placing tax on such de-
posts, only about one-fourth Of the total
number of private banks continued to
make reports to the controller Of the cur
rency. The figures for private bank de-
posits subsequent to 1887 are, therefore, ma
teriaIly less than those OF the period 1859
when complete returns were available. In
1875 the figures were 1921, 100. 600; 1882, $685..
622 100; 1880, So, 52I, 667, and In 1901, SI1s'-
621 9O3.