BANK DEPOSITS 1927 



TOTAL RESOURCES 

 OF ALL MONTANA BANKS 



D£C€MB£R ^ 



\ % % 



M/LL /<j>/V^ 0/-| POL L4*ftS 



% 



Reports from Montana's banks on De- 

 cember 31, 1927, showed that total re- 

 sources of banks in the state were $193,- 

 127,975, an increase of about $17,000,000 

 over the previous year, and that total 

 deposits in the state were $171,232,374 

 as compared with $150,969,000 on Decem- 

 ber 31, 1926, and with $114,135,768 in 

 1925. In a state like Montana where a 

 good share of total banking transactions 

 are contributed in some manner by agri- 

 culture this higher physical condition of 

 banks may be assumed to reflect better 

 financial condition of the agricultural 

 interests of the state. 



There were 205 banks in the state at the end of 1927, including 132 state, 71 

 national, and two private banks. At the end of the previous year, there were 137 

 state banks and of the five banks which went out of business during the year there 

 was only one failure. One bank underwent voluntary liquidation, paying 100 per 

 cent dividends at once and the other three were consolidated into other banks. In 

 1920 there were 288 state banks and 142 private banks in the state. 



Population per bank has increased steadily since the war deflation period 

 until in 1927 each bank in the state served an average of 2,663 persons, compared 

 with 2,177 in 1926, and 1,276 in 1920. 



Total deposits on December 31, last year include $106,150,303 in demand 

 deposits and $65,032,070 in time and savings deposits. 



Total deposits per capita average over $313, for every person in the state, 

 compared with $272 at the beginning of 1926 and $279 at the beginning of 1927. 

 Per capita demand deposits are $194 and per capita time and savings deposits 

 are $119. 



The average deposits per bank amongi the national banks are $1,237,225 and 

 among the state and private banks $622,308. The average for all banks is $835,- 

 279. 



TREND OF FARM LABOR WAGES 



AVERASe MONTHLY FARM WAGES 

 WITH BOARa FOR MONTANA 



I 

 OBO- 



75- 



O 0» 



The average wages paid to farm labor- 

 ers for 1927 reached the highest levels 

 they have touched since the peak year of 

 1920. Since the decided drop, immediate- 

 ly following that year, the trend has been 

 slowly upward. In October, 1927, the 

 average wage per month, with board, 

 paid to the Montana farm laborer wa« 

 $60.25. This figure compares with $52.50, 

 the wage paid in October, 1926, and 

 $56.50, the wage paid in October, 1925. 

 The average monthly wage for October 

 this year, with board, for the eleven west- 

 ern states was $56.39 and for the United 

 States was $35.68. Farm wages are 

 ordinarily higher in Montana than in 

 most other parts of the country. 



Crop correspondents throughout the 

 state report average farm wages for their 

 communities quarterly, in January, April, 

 July, and October and from these reports 

 are computed the state averages. 



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