Arizona republican., 1916-12-25
BANK DEPOSITS SHOW GREAT INCREASE IN ONE YEAR
OVER TWO AND HALF MILLIONS
 IN DEPOSITS

Banks of Phoenix have good reason to rejoice at this time When the people of the country in general are making merry and are enjoying un- preccdented prosperity, the financial institutions of this city are pointing with just pride to the record at tained during the past twelve months. In a nutshell the banks of Phoenix from December 3l, 1915, to December 23, 1916, a little less than a full year, i increased their deposits approximately
 $2,555,562
 There is serious doubt whether the banks of any other city in the United States, the size of Phoenix, can make such showing either as to the per centage of increase or as to the actual sum total of an increase. Over two and half million dollars more in the banks
 of Phoenix today than there were when old 1915 merged into 1916 More indi-
 vidual depositors and more and larger
 savings accounts A better feeling all ! around That is why those at the head of the Phoenix banks have good reason to rejoice during this Yuletide season. Without going into exact figures The Republican this morning presents the
 following table of approximate figures,
 indicating the deposits in the several
 banks of this city on December 31, 1915 as compared with those of December
 23, 1916
 Natl Bank of Ariz s1,43O,OOO s2,O25 900 Phx Natl. ...... 2,1S0.000 3,146 225 Phx S. B. & T. Co. S41,2O1 1.200 738 Valley Bank .. 1,693,000 2,954.000
 Central Bank - 320,000 515,000 1 Citizens State - 123,000 160, 400 Total ...... POI $9.142, 763
 Deposits Dec 31, 1915 ....... POI
 Deposits Dec 23, 1916 ...... 9,142, 763
 Increase S2, ,35o, ,ob2 l Unfortunately these figures do not separate the savings accounts from the general checking accounts except inl one instance That is in the case of the Phoenix National Bank and the i Phoenix Savings Bank and Trust Com pany, institutions conducted separately 1 but conducted under practically the
 same management. As noted above, one year ago the savings accounts in the i Phoenix Savings Bank and Trust | Company bank amounted to SS4l.2Ol. On Saturday they had reached the
 grand total of $1,2GQ, 138. an increase of l s359,537 or very close to forty per cent over those of one year ago. If this same ratio obtains with relation to all 1 the savings deposits in Phoenix, Il means that of the net deposits of more 1 than nine million dollars, a very con-
 siderable part is represented by the savings of the citizens of Phoenix. Another feature of the present con-
 dition of the banks of Phoenix is shown by these figures. They indi- | cate that every one of the six in l stitutions of this city have experience l ed a healthy and unprecedented l growth It is indicated that these l increases in deposits are not due to| i the withdrawal of money from one | bank and the depositing of it in
 another It indicates further that | absolute faith in every Phoenix bank
 exists among the clients of each in- | dividual institution.
 One of the officers of one of the banks. a man whose judgment is | sought by hundreds of business men
 and others yearly, said that there is | every evidence of prosperity in Phoe- nix and he believes that this pros perty is not temporary. Good crops
 in the Salt river valley high prices for produce, exceptional prices for the minerals of the state, and a con | stantly increasing population are
 some of the contributing causes for this prosperity Never before since cotton became a Salt river valley
 crop have such figures been secured, for the product of the soil And | never beloIe nave SUCH pilceS been paid for copper. And no small part
 of the money derived from this cotton
 and from this cotton comes to the 1 Phoenix banks at one time or an-
 other
 There are today in Phoenix hun
 dreds of temporary residents. These
 come from every state i'll the union and from every cline in the world 1 All bring more money into Phoenix
 and put more money into circulation If these transients do not open ac-
 counts with the local banks, the money they spend here, at least, finds it's way into the banks in the form
 of deposits from the merchants. prop
 erty owners and others.
 Prosperity obtains in Phoenix And | from present indications. this pros
 perity has come to stay