THE GENERAI, RAIFFEISEN FEDERATION 



Current Accounts with Members. 



The currents account of the societies' banks and their members increase 

 from year to A-ear. In 1914, 3,536 rural banks — 80 per cent, of them — 

 had opened current accounts with their members. 



The total amounts of these current accounts were as follows : 



Credit current accounts 45>i52 for 123,722,498 marks 



Debit » » 24,606 32,567,379 " 



A new circumstance appeared in connection with these accounts. 

 Previously the sums paid by members into the banks were alwa^'s less 

 than those paid bj- banks to members, but in 1914 the converse was true, 

 as appears from the following figures : 



Payments by Members Payments by Banks 



I9I2 132,879,067 144,539,139 



I9I3 136,225,301 149,073,587 



I9I4 131,203,766 127,860,370 



If the totals of incoming and outgoing sums be examined the follow- 

 ing conclusions are reached : 



1. The total receipts — payments of members in savings and to cur- 

 rent accounts, repayments of debts by members, credit granted by the Cen- 

 tral Bank — , and the total disbursements — credit granted to members, 

 repayments of sums due to members and to the Central Bank — were less 

 than in previous years. 



2. The total receipts exceeded the total disbursements. This is the 

 contrary of what was true of earlier years and is explained by the restrict- 

 ed credit granted during the war ; 



Total Receipts Total Disbursements 



1912 407,214,867 marks 423,903,591 marks 



1913 421,521,894 » 421,680,105 » 



1914 384.353.379 » 352,148.784 » 



In addition to credit transactions many rural banks buy and sell 

 merchandise on behalf of their members. 



The purchase of merchandise was practised by 3,917 rural banks. 

 The value of the bought merchandise was 54,326,650 marks as against 

 68,641,827 marks in 1914. 



