The Superior times. [volume] (Superior, Wis.) 1870-1912, 1910-02-12
BANK DEPOSITS
SHOWN IN REPORT
Special Legislative Committee
Publishes Its Findings.
Sc PER CENT. IN SAVINGS
Total Deposits in State Banks Arc
S112.257.45O on June %, 1eO9-riS-
ures Secured from SO Per
Cent of Banks.

son.-Fifty-siX per cent OF all
the money deposited in state banks is
savings deposits and the remainder
represents what should be properly
termed commercial deposits
This is the surprising finding OF the
special Legislative committee ON BANK
ing.
Assuming that individual deposits
and demand certificates should be
classed as commercial accounts, ana
that time certificates and money de-
posts in savings departments OF state
banks should be classed as savings
accounts. the returns given to the spe-
cial committee from the banks give
the above indicated result
Continuing, the report says;
schedules were sent to the state
banks for the purpose of elicitlng IN
formation not usually at hand in rela-
ton to the character of the deposits,
loans and discounts. OF the AGO banks,
replies were received from 233, or
little more than so per cent. Using
these reports as the basis, the bank
ing situation was projected, and the
figures thus obtained correspond prac-
tically in so far as the actual figures
are available for comparison.
1.-THE total deposits III state banks
on June %, 1909, the date for which
these statistics were compiled, were
$112,257, 450.09. Dividing this sum OF
int &c
find $21,176,77S.76 was deposited sub
ject to check by 114,67S deposltors,
showing that the average individual
deposit in state banks of Wisconsin
for the date indicated was $2SS.65.
"Of the money deposited under GER
tifcates of deposit, 1916 per cent. is
represented by demand and 1924 per
cent. by time certificates. These Ger.
tificates aggregate s52,157, 1868, and
are evidenced by 252, SOC certificates
1t is quite probable this number rep
resents more than the numhc@ of in
dividuals who have certificates OF de-
posit as no doubt many persons have
more than one certificate. The aver
age amount of each certificate Is
$21459 for all the banks reporting,
ranging, however, from $lS5.63 in
group V to $265.S3 in group ".
Under the head of Savings DepoS
it's all the banks report on the total
amount of such savings and the mum.
Der of accounts. The returned aver.
age of amount of deposit is $lS90l,
and varies between the different sec
lions of the state from $62.67 in group
|. to $240.S4 in group V. The actual
amount of the deposits in the state of
Wisconsin for this period was $2f,
047 614.56, and the actual number OF
accounts 12722S, representing 21.40
per cent of the total deposits
The average rate of interest on
loans for all the banks reporting was
Sal, ranging from 5.78 per cent. in
group III. to 712 per cent. in
group I.
"The average percentage on loans
made to depositors for all the banks
reporting this item was 36.39, ranging
from S51 per cent in group VI to
470S per cent in group II. of the total
number Of banks reporting.
1T is interesting to note the per
centagc of depositors who are also
borrowers. The average for all the
banks reporting this item was 2879
per cent. ranging from 194S per cent
in Group ". to 4O.35 per cent in group
II. The actual percentages from all
he banks range from 90 per cent. to
100 per cent. with the average as
above Indicated"