The Waterbury Democrat., 1931-11-12
Connecticut Christn1as Clubs To Distribute
 $11,2OO, 900 h Cash
Average Amount Per Member Slightly Under $5O- Sending Power of Annual Distribution Expected to Have Marked Effect on Depression

, view of present conditions and that | it will offer an outstanding contri- button to. .stabilizing business activ.-
 ties in the approaching pre-holi- day season.
 The survey. shows, too, an in- creased use of the Christmas club as a convenient and easy method of accommodating funds for many necessary expenditures other than normal holiday requirements, such as taxes, insurance premiums, and mortgage interest and bankers see in this application trend to a larger Christmas Club distribution next year.
 The inception of the Christmas club idea, twenty-one years ago. anticipated the need of providing an easy, simple and practical method of systematically accumu- lating for the specific purpose of Christmas needs, but 1t has deve- loped a real aid to permanent thrift in the banks of the country. On a basis of direct-by-mai inquiry to individual Christmas club members, 1t Is estimated by
 Mir Rawll that more than 10,00O,- 900 permanent savings accounts
 directly traceable to club member ship, have been brought to bank ing institutions since the inception of the plan twenty-one years ago. New York state leads the other states with $123,000, 000.00-while Pennsylvania reports about $66.- 900, ,OOO.0O. Chicago and Cook county contribute about $18,000,- 00O.00 of the Illinois total of over $4S,O00,O00.00 New York city's metropolitan area, including a
 radius of forty miles will receive approximately $S0, ,000, 100000. The banks in Washington, D. c. will distribute more than $S,00O,- | OO0.0O, a gain of per cent over
 last year.
 The largest per capita distribu-
 ton Is in Nantucket, Mass. The
 Pacific National Bank there will
 pay out about $50,000.00-$69.00 % per member or $l5.00 per capita.
 The Bank of America National
 Trust & Savings association,
 through its various branches in
 California is distributing approx
 imately $6,000,000.00. The largest club in New York city is operated Dy the baHk OI Mdhhuttah uSs i company, which through its sixty
 nine branches in Manhattan, the
 BronX Brooklyn and Queens, has
 accumulated over .$3,000,000.00 for
 its members. The Cleveland Trust
 company in Cleveland, has $1,5OO,-
 000.00 ready for its members.
 Other institutions reporting a
 distribution of approximately $1.- 900, 100000 or more include: Conti- nental- illinois Bank & Trust com pany, Chicago, Ill; First Union Trust & Savings Bank, Chicago, III; Canal Bank & Trust company,
 New Orleans, La; Exchange Trust company, Boston, Mass; Federal
 National Bank and affiliates. Bos- ton, Mass; First National Bank
 and afiiliates, Minneapolis, Minn; Trust Company of New Jersey,
 Jersey City, N. J.; Bank of Amer ica, N. A.. New York, N. Y.; Sea-
 mems Bank for Savings, New
 York; Corn Exchange National
 Bank & &Trust company. Philadel- phia, Pa; First Penny Savings
 Bank. Philadelphia, Pa;' Industrial Trust company, Providence, R. l.;
 First Wisconsin National Bank
 and affiliates. Milwaukee, Wiscon- sin.
 The Peoples Bank & Trust com pany of Westfield, New Jerseys s
 first bank to join the Christmas Club movement, will return ap-
 proximateiy slSo,ooo.o0 to its
 Estimated totals by districts and