Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1917-08-16
DEPOSITS GROWTH A RECORD
Vermont Banks Increase for the
Year $s,7S7,672.93, Says Report.
Net Enlargement Of Resources, S9,s14,-
OOe.14-State Receives s47 ,8s3.s3 More
in Taxes-Figures Of Bank
Commissioner williams.


in the resources and liabilities Of Vermont
state banks are shown in the annual re.
port Of Bank Commissioner Frank c.
williams, which has Just appeared. De-
posits have grown by $s.7s7, 672.93. the larg-
est increase in vermont's history, and the
State has benefited by A7.3s3.s3 more in
taxes paid It. There were 20 mutual saw
ings banks and SO savings banks and trust
companies doing business in Vermont on
June 30. the same number, respectively.
as a year ago. A trust company at Mid
dlebury has been granted certificate,
but the company has not been organized,
says the report.
Investment companies licensed to do
business in the State sold securities from
July 1, 1916. to June 80. 1917, totalling SIS,
752, $3.50.
1.-THE total deposits Of all the banks at
the close Of business June 30, 1917, were
Sill, IA. 977.08, being an increase of $751;
672.93, which IL the largest increase in any
year in the history Of the State. This
increase is divided as follows:
1.-THE twenty mutual savings banks have
increased deposits s3.632.31S21. and the
thirty eight savings banks and trust com.
panies have increased $5.155.354.72 The
savings deposits Of both classes of banks
are $685. 500. 1874. being an increase during
the year of 1924, $685. 70. and the commercial
deposits of both classes Of banks are S.
5S1. s1s. "a. bel ngan increase Of 1858. 0s2.21
The number Of deposits in all the banks
has increased TOSS. and the number Of
Vermont depositors has increased 6,628.
Seventeen Of the mutual savings banks
paid 4 per cent. on deposits. one paid
4 IA per cent. one IL per cent. and one
paid per cent Thirty-five of the savings
banks and trust companies paid 4 per cent.
on savings deposits. one paid IA per
cent. and two have no deposits.
1.-THE surplus Of all the banks has in
creased during the year $500. 70 but the
percentage Of surplus to depositors shows
a slight decrease due to the very large
increase in deposits.
THE banks have paid the State in taxes
during the year s73s, 1876. being an in.
crease during the year Of A7.Ss3.S3."
RESOURCES AND LIABILITIES.
The following figures tell the story Of the
resources and liabilities. which show a ne,
increase Of So. 814.O O6.A:
Resources: Loans on real estate in Yer.
mont, $A.22s PATS; loans on real estate
elsewhere. 81. $50. 4e4.62; loans on personal
security. $10.012. 700.59; loans on deposit
books. $3.50. 540.82; loans to towns, villages
and school districts. 2,274. $40 SO; loans with
mortgages as collateral, 81, 1856, 346 76; loans
with bonds as collateral, $349, 1851. Is; loans
with bank stock as collateral, $40256l. 30
loans on other collateral security, $1,477.-
$3.50; United States. municipal, railroad
foreign and public utility bonds. SIS. 076 0S5..
II; real estate for banking purposes. $647..
| 16o99; real estate by foreclosure, $182, 1884,.
"a: bank stock owned. $62s. 1858; miscel-
laneous assets. 1898 .6l5.1S: interest more
than one year overdue. A2.210o2; all other
ACQUIRED interest. $2.14s,61715; cash on de.
posits in banks. 1858. 1878: cash on hand
81. 1888: total resources. 1924. 25s. 213.7
net increase in resources. $s,s14.o06.1
All Of these items are increases over q
year ago. except the following. which are
decreases: Loans on personal security
| real estate for banking purposes. miscel.
| laneous assets, and interest more than q
year overdue. Loans on real estate out.
side Vermont have grown by IS. ,Os7. 80
loans to towns. villages and school dis
| tricts have increased by 70.S60.73; loans
with bonds as collateral by $161, 217.22
United States, municipal, railroad, foreign
and public utility bonds by $2,496.527.n.
| Liabilities: Capital stock. $2,o51. 900; tota
deposits. Sill, 4797708; surplus, s., 143 40 IL
miscellaneous liabilities. $3.50. 955.37; take,
due In August, 1886. 141.20; total liabilities
$1A. 259, 213.77; net increase in liabilities 80,
SH,0o6A; savings deposits. $105. $3.50. 1888 "A
commercial deposits. 1851, 1854; increas,
In savings deposits. $s.124. 58S.72: increasa
in commercial deposits. $685., 0s4.21.
MISCELLANEOUS STATISTICS.
Total number Of depositors 234.s77: in
crease, 7.O55; total amount of deposits
Sill .147. 977.Os; increase, $s,7s7.67293; mum
Der Of Vermont depositors, 2O7 ,013 in
crease, 6.s2S; number Of nonresident de
positors, 1884; increase 427; amount of de
posits by Vermont residents. s94. 9S5, 1891 2S
increase 1857. 74483: amount Of deposits O
non-residents. SIC. ISL. $3.50; increase ST. 1879.
s2S.l0; number of depositors Of more thai
5000 each, II 1913: increase. 1856; amount O
deposits OF more than $1,000 each, $40. 551, S7S.
81: increase. $6,511 .s55. 80; taxes paid to Stat
Of Vermont during year. $73S, 1875; in
crease. $7.3s3.s3; expenses paid during yeal
exclusive Of taxes. $50. 926 SO; Increase, SIS,
$685.; interest paid depositors during year
So, 81. 1851; increase. $40. $500; average
amount OF deposit to each resident de
positor. s43s.s9; increase. $2.H; averag,
positor. $57s.67; increase, s34.35; dividend.
paid stockholders of Trust Companies
SIT, 1880; decrease. $7.OO5Oo; averag,
amount of deposits each over $4,000, 50,
4o257; increase. $17s.7O; rate Of surplus Il
deposits, 1923; decrease. .O021.