BANKS OF THE UNITED STATES. 



63 



THE NATIONAL BANKS. The number of na- 

 tional banks in operation in the United States, 

 on October 1, 1868, was 1,629, against 1,643 in 

 October, 1866, and October, 1867. They were 

 located, in October, 1868, as follows : 



Banks oftJie City of New York, Octoler, 18Q1,and 

 January, 1869. 



The preceding table embraces the returns of 

 fifty-six national and of thirteen State banks, 

 being all there were in the city of New York 

 on January 1, 1869. It will be perceived that 

 the changes in fifteen months were not material. 



The condition of the National Banks of the United 

 States in October, 1867, and October, 1868. 



SAVINGS BANKS. In Massachusetts the de- 

 posits have increased in one year from $67,- 

 900,571 to $80,431,583, or over 18 per cent. ; 

 with an average of $230.76 to each depositor. 

 The population of the State, in 1860, was 

 1,231,066; the deposits, in 1867, were $80,- 

 431,583. The surplus on hand was $3,172,877, 

 or nearly four per cent. The average rate of 

 dividend last year was 5.42 per cent. The 

 gross annual expenditures for the management 

 of these 108 savings institutions were $254,226, 

 or less than one-third of one per cent. These 

 depositors hold thirty millions of Government 

 and State bonds, ten millions of bank stock, 

 and twenty-one millions on bond and mort- 

 gage. 



Ehode Island has the largest savings deposits 

 to each depositor, being $362.51 for each. In 

 Ehode Island the deposits have increased from 

 $17,751,713 to $21,413,648, or about 20 per 

 cent. ; with an average deposit of $362.51, and 

 59,071 depositors out of an aggregate popula- 

 tion, in 1860, of 174,620. This shows that the 

 savings depositors are more than one-third of 



