The Washington times., 1913-12-08
SAVINGS OF CASH
GROW PER CENT
Currency Report Shows Fine
Increase in All Branches For
Year lust Done.

Each washingtorian should have s1S4
In savings account. According to the
annual report If Acting Comptroller of
the Currency Kaae. sent to Congress to-
day. this is the average per capita on
savings accounts in the Eastern States
including the District OF Columbia. The
average for the entire United States is
81 per person.
There has been marked increase in
deposit balances OF savings banks dur
ing the past Year. as well as in the
number of depositors, the increase be-
ing largely in excess of the gain in 1872
over 1911" the comptroller says.
Statistics of savings depositors in the
District show seventeen banks with Co.,
oe5 depositors. siL.4Z3. 90 in deposits, or
$1,000 for each deFositor.
The Comptroiler's report shows n
f1ourIshing financial condition. There is
plenty of money iE the United States
People are apparently saving more, aC-
coroing to the statistics given, and the
banks, as rule, are richer.
The report is replete with financial
statistics in dazzling arrays of millions.
1t shows that on June 80. last. II all the
money in circulation in the United
States, exclusive OF the Treasury re-
serves, was divided among the popula-
ton each would have s3i.56. The per
capita wealth IS greater than il has
been for years.
IT the wealth in the Treasury was
divided among the people each would
get $50 additional That is the highest
per capita amount since 1905
In number. capital and deposits the
banks OF the country have grown con-
sistently during the year.
Banks Grow Consistently.
In number, capital and deposits the
banks of the country have grown con-
siderably since a year ago On June %,
1872 there were 1885 banks, with s-os0.-
StSsoo capital, and II.ei, Os7.6o6 depos-
its. A year later the totals were:
Banks: es.ss4; capital, g. I,si9,9el: de-
posts. 81. .9S5, l64.lS4. Moreover the banks
nave made more money. Based on capi-
tai and surplus the gross earnings of
national banks during the fiscal year
during the prior year. While there has
been notable depreciation in the mar
ket value of standard and other securi-
ties. necessitating a cut in the undi-
Nided profit account of the banks
shareholders of national banks received
dividends at the average rate OF ll.i
per cent, as against an average OF Il.6i
per cent for the prior five yers.
Acting Comptroller Kane points in
his report to the gigantic increas in
banking activity in regent years. Since
1900 the number of banks in operation
has increased by over 1Oa per cent, and
their volume of business, as indicated
by deposits, shows an increase of over
lSS per cent. The banking power Of the
United States in 1913, as represented by
capital, surplus and other profits. de-
3osits and circulation of national and
Other reporting banks together with
the estimated amount of funds Of this
character in non-reporting banks, is
"a Isl. SS5, 4SS, as against $22,54s, ,s35 in
1872
Savings deposits Comptroller Kane
asserts, are supposed to represent
chiefly the accumulstioins of wage
farmers and other people of moderate
means, and by reason of this fact sta
tistics are Of special interest. Savings
deposits ir ali banks increased from
Sc, ,f9s 1927 in June, 1912. to S. ,0s9. .22T
on June 90, last. The increase was
per cent
SaYings BIG Part nf TntaI