APPENDIX. 579 



the great operations which these companies conduct. Their great profits come 

 largely from percentages on placing great loans for corporations and govern- 

 ments. A considerable part of these great dividends in the year in question 

 were doubtless pi-ofits upon the United States three per cent bonds sold to main- 

 tain tho gold reserve of the United States in the face of a large deficit in the 

 levenue. When a government gets into a pinch it has to pay for it, just as a 

 poor man docs. 



4. PRIVATE BANKS. 



Of these concerns seven hund'red fifty-nine only reported to the comptroller, 

 which he states to be about twenty per cent of the whole number. 



Number of private banks reporting 759 



Capital $18,246,007 



Surplus and undivided profits 7,113,121 



Total capital $25,359,128 



Deposits 50,278,243 



5. SAVINGS BANKS. 



Number of mutual savings banks 666 



(These have no capital "stock.) 

 Number of stock savings banks 312 



Total savings banks 980 



Capital stock (stock banks only) $ 26,199,430 



Surplus (all savings banks) 159,954,756 



Total capital $186,154,186 



Deposits subject to check $ 44,037,529 



Savings deposits 1,939,376,035 



Total deposits $1,983,413,564 



Number of depositors • 5,201,132 



Average deposit $372.88 



In a savings bank, it is the depositors who receive the profits, less the 

 expenses of the bank, and such payment to the capital stock, if any, as the 

 by-laws of the bank prescribe. 



The rate of interest earned for depositors in savings banks varied in difierent 

 groups of states, ranging from three to five per cent. 



The cost of management of savings banks, was, in Maine, one-fifth of one 

 per cent of the deposits ; and in Massachusetts one-fourth of one per cent. 

 Statistics are lacking as to other states. 



6'. SUMMARY. 



The bankii'.ii; capital available for loaning consists of the capital stock, 

 surplus and undivided profits, and deposits, less sums invested in premises and 

 furniture, and the necessary reserves. Without making these deductions, the 

 amounts are as follows : — 



