The Story of Pittsburgh 
Banking and Finance 
SOME FACTS TO SUPPORT THE SLOGAN 
“PITTSBURGH PROMOTES PROGRESS” 
HE national and international economic importance of 
Pittsburgh is supported by many interesting facts 
concerning various phases of its business activities. 
The fifty-four State Banks and Trust Companies located 
within the city limits show, at the December 31, 1929 state- 
ment, total resources of $683,180,943, surplus and profits of 
$118,302,895, deposits $516,406,463. 
The seventeen National Banks within the city proper, 
at December 31, 1929 statement call, show resources of 
$588,882,004, surplus and profits $51,932,536. deposits 
3462,287.764. 
The summary of these figures for both state and national 
institutions shows: 
Total Resources. ..... ......... 
Total Surplus and Profits... . .. 
Total Deposits. . . .. 
$1,272,062,947 
170,235,431 
078.694.2977 
The above statistics do not include the many prosperous 
banks in the outlying districts and adjacent towns, which 
constitute Pittsburgh as it should be considered in any eco- 
nomic analysis of its importance. 
Obviously, the banking strength of any city is a major 
factor in its development, as the entire business structure