The Richmond Virginian. (Richmond, Va.) 1910-1920, 1919-11-24
1s,240,300 DtPOs|TORS.
N NATIONAL BANKS.

One out Of every six of the total
population Of the United States. on an
average. kept an account In national
bank. as shown b. the official returns
of June 30, 1919, just compiled. There
were many depcsitors who kept several
accounts in one bank or In several
banks. and the average Ia obtained by
dividing the population Of the country
by the number of national hank indi-
ytduai deposit accounts. ,a5 as5a.ss
IT is gratifying that during the whole
Of the fiscal year ending October 81.
1914 not one of the ls.e4o.nen depos-
itors in our national banks lost a dol
lar from bank failure. The eonhdence
which our people have reposcd in the
national banks Of thn. eaa ntrzs 10 .thnE
ssaarrdahtly vindicsted.
The huge growth in wealth Of the
American people and the increased dis
semination of this wealth among the
masses arc vividty indicated In officisi
figures just compiled. On June so, 1919,
the'tetal number OF individual deposit
accounts in our nearly 5000 national
hanks was fA24H.0ea ss shown above
This compares with a total ~ $3.50
4ss individual accounts on~~inne 40.
1910. the increase in the number Of de-
positors being fo.54a,ss:. or dsT per
cent In nine years.
In the same period the total deposits
dndtvidual ana bank) have grown from
s7,2s7. tST..47 op June 20. 1910, to SIS
ae4.sss,n0n on June 40 1919, an tncreas 80
# t1e per cent
The average hafares TO the credit NJ
each individual depositor mot inciud
ing balances OF hankel on Jun. A. 1919
was 1851 -, which compares with Ar
average deposit Of tssa47 on June 40,
1919. This suggests that the vast In
crsasc In deposits comes from a wider
dissemination Of wealth and credit. and
not from n increase in the average
ba lanees Of the same d~pcsitors.
Pennsvlvania leads all the other
states with 2.3oG.os national hank de-
post accounts: New York comes with
s1,4as 220 the next N order are Illinois.
1.9ts,sel, and Ohio with i,o37.sSe. The
only other states with az manx AZ
| 100000 national bank accounts are In
the order named: Texas. 90e.5a1; Cali
fcrnia. sss,l4s; New Jersey. ss7,s3:;
Minnesota. ssS. 5n6: Indiana ses,oss
Iowa. 5s2117; Virginia 51a.t7c: wisccn
SIN. 5o7,1iT; Massachusetts, 4so,ssx. Ok
lahoma, ss4.41s: Missouri. s3s,4ss
Michigan. s77,se5. Kansas. a57.Tas;
Tennessee, 1886; Kentucky. 31essa
and West Virginia a0s,s.3-
OF the total number OF national
. bank accounts In the country. 10,oTa,-
IAS were uAmdh nd deposit ACCOUNTS on
which no interest was allowed, and
24T.o72 were time accounts on which
interest was not allowed There were
also i.14a.ss1 demand accounts on
which interest was allowed and e.7ss.-
ITO time deposit accounts bearing IN
terest
The only cities whose national banks
reported in the aggregate az many az
$4,000 national bank accounts were
New York city, sai.s1s: Chicago. 1a2.-
sos; st. Louis, 121,1so: Washington.
I 1855. Atlanta. 115.s7a: Pittsburg.
fos.0te, Phila de iphia. roa,.s5. MiIwau@
lSee, se,s2s; San Francisco. ss,saa.
Kansas City. Mo-. sisS4: Portland. So
ao1; Seattle. s,.t65; Richmond, se.s5n.
Houston. 7s.47o; Los Angeles, 7a,SaS.
and Minneapolis .1,0ss
The following list gives. in~prder Of
total Of individual denosits. the names
Of the twenty-five cities whose ma
tional banks held the largest amount
of such deposits and shows in the case
ct each city, the average amount to
the credit of each individual depositor:
New York, $500: Chicago. Sass
Philadelphia. 33,SoS; Boston. $7,04as
Pittshurg. S22so: San Francisco, &c.?S2:
st Louis, sl.n7t; Cleveland. tS.4tA
Baltimore s2.514, ~Kansxs CRY Mo-
sfoSS. Los Angeles. St.32S; petroit.
t4sl7. Minneapolis. sl.1st: Mi1wankec.
sssa' Spokane. ss71. Westminster. p;