BANKS OF THE UNITED STATES. 



the population. This is a most remarkable 

 exhibit of labor and thrift. This State is, in 

 fact, a vast " bee-hive " in its industrial pur- 

 suits. 



Connecticut is the second State in New Eng- 

 land as to the average savings deposits, having 

 reached, in 1867, the sum of $261.32. The de- 

 posits have increased from $27,310,018 to $36,- 

 283,460, with 138,846 depositors, who form 

 thirty per cent, of the whole population. This 

 is strong evidence of the industry and economy 

 of the people. 



New Hampshire shows the next largest av- 

 erage of savings. In this State the savings 

 have increased from $7,857,600, in 1865, to 

 $13,541,535 in 1867, or about 72 per cent., and 

 the depositors .from 42,903 to 55,218, or nearly 

 30 per cent., with an average deposit of $245.24 

 to each. This is a larger increase than is shown 

 in any other New England State. 



Massachusetts has a net average sum of 

 $230.76 to each depositor, being the fourth in 

 the average. 



In the State of Maine the savings deposits 

 have increased, since 1866, $1,652,000, or about 

 42 per cent.; and the number of depositors 

 about 37 per cent. ; showing an average of 

 $213.71 to each depositor in November, 1867. 



Vermont stands the sixth in the New Eng- 

 land States for its number of savings banks and 

 amount of deposits, having only ten of these 

 institutions, with an aggregate deposit of $1,- 

 805,086, an average of $140.54 to each depos- 

 itor. 



We now present a recapitulation of the sav- 

 ings banks in the States of Maine, New Hamp- 

 shire, Yermont, Massachusetts, Rhode Island, 

 Connecticut, and New York, and in the cities 

 of Baltimore and San Francisco : 



BE CAPITULATION. 



The rapid growth of savings institutions is 

 shown in the following table: 



The following table shows the relative 

 number of depositors to the inhabitants, the 

 average deposit to each inhabitant, and the 

 average deposit to the credit of each depositor 

 in each State named, near the close of the 

 year 1867 : 



THE SAVINGS BANKS OF NEW YOEK. From 

 the official summary it appears that the largest 

 savings funds outside of New York City and 

 Brooklyn are, in Erie County, $7,517,132 ; Mon- 

 roe County, including the city of Rochester, 

 is the next; Albany County is the third; Onei- 

 da County, including Rome and Utica, is the 

 fourth ; and Rensselaer County (mainly Troy) 

 is the fifth. 



There are thirty-one counties in the State 

 having no savings banks, and six counties hav- 

 ing no national banks established. There are 

 four counties in which there are neither sav- 

 ings banks nor national banks, viz., Cattarau- 

 gus, Essex, Hamilton, and Yates, with a popu- 

 lation of 92,840. 



The savings accumulations are mainly in the 

 large manufacturing centres such as New 

 York, Brooklyn, Albany, Buffalo, Troy, Roch- 

 ester, Utica, etc. 



The city of Buffalo alone has over $7,000,000 

 savings deposits. The next in importance 

 are : Rochester, $5,221,000 ; Albany, $3,944,- 

 000 ; Syracuse, $3,429,000 ; Troy, $2,457,000 ; 

 Utica, $2,400,000; Poughkeepsie, $1,318,000; 

 Auburn, $1,179,000. No other place in the 

 State has over one million in savings de- 

 posits. 



Increase of Savings Deposits in the State of New York, 

 from 1859 to 1868. 



THE CLEAEING-HOUSE. The Clearing-house, 

 at New York, commenced operations in Octo- 

 ber, 1853. The aggregate operations for fif- 

 teen years, October, 1853, to October, 1868, 

 were I. The aggregate exchanges for each 

 year. II. The aggregate cash balances paid 

 each year. III. The average daily exchanges 

 for each year, and the average daily balances, 

 as shown in the following table : 





