Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1921-06-26

lQc U80lS WHICH,
il made are admittedly incomplete. but
they form the soundest sort of promise
upon which to base the above conclu-
sion. Some time within the coming
week there will begin the collection
throughout the country Of data to show
just whore the savings bank depositor
stands, as compared with where ne
stood q year ago As fast as the in
formation is, collected it will be for
\ warded to the controller OF the cur
rency here and when it is complete
perhaps three months hence-it will
Be in shape for publication.
II, Deposits Steadily Mounting.
In the meanwhile. the federal re-
serve board has d good line on the sit
uation through the figures submitted
to It each week BY large national banks
and trust companies in more than 100
of the chief cities Of the country
Nearly all Of those institutions con-
duct savings departments and pay in
terest on time deposits. Steadily the
amount Of money thus on deposit
comparable with savings bank depos-
its-has been mounting during the past
year, until at the close Of business this
week the volume of savings in the
817 banks reporting to the board
stands at $238, 100000 more than it
stood a year ago and year ago it
stood at what was then record. The
boards report shows that the Sl7
banks had on deposit the huge sum
of $2.942,9O1, 900 in savings. Six
months ago, just before last Christmas,
the same banks had on deposit So, $780,,
107. 900 in savings. A year ago their
savings deposits totaled $26S4, ,497 900.
Firms Slump $1,000, 900, 900.
During the same period the business
mans bank balance has dropped. A
year ago these banks had on deposit
$11 SOC, O,OOOO.OOO belonging to individ
uals, firms and corporations in bnsi-
ness. More than 81 OOO.OOO.OOO has
been clipped from the balance during
the year.
There have been setbacks to the
savers here and there, notably in the
south and west, where land values
dropped, and those who purchased on
the crest of the wave lost part of
their savings, but the country as a
whole has gone forward. Labor dis
orders, economic readjustment, en-
forced idleness on the part of manv
wOrkers-these haven't made a dent in
the balance. The family sock has no
hole in it.
100000 Bank Depositors.
There are. perhaps, 15.OOOOOO saw
ings bank depositors in the United
States and the number is growing
every month, according to all reports
received here, Notwithstanding the
temptation, and often the necessity, to
spend. The bulk Of the savings is.
stored in mutual savings banks. which
last year numbered more than $500.
600 depositors. Stock savings banks
had on their books nearly 100000
more names. The other 3,5OO,OOO, it
is thought, are depositors in the ma
tional banks and trust companies re-
porting to the reserve board.
Approximately one third of all the
time deposits in the country were on
the books of reserve bank system
members cited above. The steady
growth in the amount of their depos-
its leads to the belief that the other
two-thirds have acted similarly and
that when the controller gets his fig
ures as OF next Thursday, the saw
ings bank deposits will be the single
item of expansion in a year noteworthy
Tor drastic contraction in every other
respect.