Middlebury register. (Middlebury, Vt.) 1886-1937, 1916-10-20
INCREASE IN SAVINGS.

iNNNInp| i4N On i4NhS'
The report Of Bank Commissioner
Frank c. Williams of Newport on the
condition of Vermont banks at the
close of business June 30, 1916, has
just been issued,
The report shows there were 20 mu-
tual savings banks, 3S savings banks
and trust companies doing business in
the State at the date of the report
There Is shown net increase in re-
sources of $7,9Os $3.50, The ex-
penses Of the State banking depart
ment is shown to be S9,922,S6 less, it !
is said, than this department in any
other State, Receipts from fees col
lected from the supervision Of invest
ment companies amounting to Sl2,-
$1,000 and disbursements were 49,
O72,56.
Securities sold in the State by these
companies amounted to Sl6,S25, 268, 40
from July !, 1915, TO June 80, 1916
These were divided as follows Rail-
road stocks, SIG, 1853 80; industrial
stocks, $50, 52S, -; lands sold, $sO,275;
public service stocks, 1901, 9O4,27 mis-
celaneous stocks, SASS railroad
bonds, S5l5 Ol2,63; municipal bonds,
| 81, 576, 77l,Ol public service bonds,
81, 237 1874; industrial corporation
bonds, S2l4, 235.77; commercial paper,
S5l5, 1872, rs, and cal estate mortgages
located out of Vermont, Sll, 243, lGi,A,
total of SIG, S25, 2GS.l
The report in part follows
"The total deposits of all the banks
at the close Of business June 30, 1916,
were $lO2, 800, 3Ol, 49, being an in
crease over last year of S6,S90, SIS 80,
This increase is divided as follows;
The 20 mutual savings banks have
increased 81, 46S, 9Ol. 80 in deposits, and
the 50 savings banks and trust com
panies have increased S4,42l, 674,6O in
deposits for the year, Two-thirds Of
this increase of deposits has taken
place during the last six months of the
period. The savings deposits in all
the banks have increased during the
year 1907, sol 20, and the commercial
deposits have increased during the
same time 1888, or. 70. The number of
depositors in all the banks has in
creased $3.50, and the number of YER
mont depositors has increased S656,
while the number of nonresident de-
positors has increased 794. The
amount of deposits by residents of
Vermont has increased $3.50, sos. 81,
and the deposits of nonresident de-
positors has increased S976, 697.02, The
number of depositors having more
than two thousand dollars each of de-
posts has increased 1921, and the
amount of such deposits has increased
81, 995, 1890 The banks have paid
depositors in interest during the year
SO, 567, 053.9l, being an increase of
$155, 424.9S over the previous year.
Dividends paid to stockholders in
trust companies have increased 1884,
4 572. 70, while the rate of surplus to
deposits has increased .003l. Eighteen
of the mutual savings banks paid de-
positors at the rate of per cent and
two paid at the rate of Is per cent
per annum. Thirty-four of the trust
companies paid at the rate of a per
cent, and two at the rate of Is per
annum. Two trust companies have no
deposits.
THE surplus Of all the banks has
increased during the year SS75, 573.9l,
the ratio of surplus to deposits now
being .OS44 which is good showing
considering the rapid increase of de-
nositS the last wear -