Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1920-09-26
STATE BANK DEPOSITS
SHOW s27,000,000 BOOST
Money to Credit OF Citizens OF Old
Dominion Is in Excess OF
S356,000,0OO.
PER CAPITA WEALTH is SOL
Number OF Dcpositors Shows In
crease, There Being $4,000 With
Savings Accounts in Statc--Fig-
ures for Reserve Bank Given.

Deposits in Virginia banks have in
creased s27. 100000 in the past year.
now being in excess OF 1856. 100000.
according 10 figures which have been
complied BY the War Loan Organiza
ton and the State bank examiner
here. Growth Of saving deposits in
the past twelve months. the figures
show. has been si7.000.00 and the in
crease in the number OF dcpositors
between $4,000 and 100000. Informa-
ton from which the figures were COM
piled Was furnished by the Controller
of the Currency in Washington the
banks statements and the State bank
examiner.
posits in Virginia banks total $751;
100000. an increase in the year Of
sll1 100000 over last years figures.
separate savings accounts listed in
the banks OF The state number 49,
coo.
In the F.fth Federal Reserve Dis
,rict. comprising Maryland, the Dis
Sinia, there are 2,22i banks and trust
companies listed, both State and ma
tional
Ranks Report Increase.
The LOO banks reporting showed
that their total deposits Increased
from s1.a37. 100000 TO more than ST.
$40. 100000 during the year. an in
ures are compiled from statements
June 80. '"' AseA' year ehaihs
Saving deposits. representing the
100000 to 500, 100000 an Increase Of
Slo5.00Q.00. and the number OF savings
accounts advanced from 1.746.00 10
$e.o54.00o. or gain of 3OS,oOo. Plac-
ing the population of the district at
1l.OOO.o00 persons the figures show a
per capita saving of about SCI for
every man; woman and child and an
average OF two saving accounts for
every eleven people.
ion. figures OF T.. Briggs Richardson.
state bank examiner. AND the War
tai deposits this year exceeding $3.50
100000. while their saving deposits
exceeded SIS 073,0O0.
Total depohits in the Fifth Federal
were sai?.ooo,ooo. with saving de-
posts aggregating s2SG.GOO. 900.
Figures for Fiscal Year.
For the Virginia State banking in
state. charters. comparative figures
are given for tho last two fiscal years
in the report which has been COM
piled. Total deposits in these insti-
sl27.l09,o00 To SI41,270.000, n gain OF
sl4.S0o,000. In the same period the
savings increased SS.500.000. or from
soS.3io.0O0 in 1919 to S66,S7O.OOO. in
1920. the fiscal year having closed.
This accumulation of savings in
Virginia is in addition to that Invest
cd in War Savings Stamps and Libcr-
~ and Niltory bonds. In Virginia
1858, 94S,4O0 was subscribed to the five
issued of the bonds. The district sub
scribed more than $1,000. 600. 900 in
bonds in the five issues. and were
paid for largely fro mthc savings of
the purchasers.
South Carlina leads tho district In
the amount of savings for the year
it's gain being s26O00.000 and it's in
crease in deposits of all character be-
ing S39.000.000.
In the other States OF the district
the increase in total deposits in the
fiscal year are: Maryland. total de-
Dosits. S73.000.000. savings s25. 000, 900;
West Virginia. deposits $4,000, 900,
savings sS,oOO.ooo; North Carolina
S35.000.00O. savings S2i.0oO.OO0.