50 THE FREEDMEN’S SAVINGS BANK 
reports of the bank and from the United States 
public documents, shows the entire business to 
1874: 
TOTAL BUSINESS OF THE FREEDMEN’S BANK 
Year 
Ending 
with Total Deposits Balance Due Gain 
March Deposits Each Year Depositors Each Year 
1866 $ 305,167.00 % 305,167.00 $ 199,283.42 3 199,283.42 
1867 ~ 1,624.853.33  1319,686.33 366,338.33 167,054.91 
1868  3.582,378.36  1957,535.03 638,338.33 271,960.67 
1869  7.257.798.63  3,675420.27 1,073,465.31 435,166.31 
1870  12,605.781.95  5.347,983.32 1,657,006.75 583,541.44 
1871 19.592,947.36  7.347,165.41  2,455,836.11 798,827.67 
1872 31260,499.97 11,281,313.06  3,684,739.97  1,227,927.67 
1873 - er 4,200,000.00 ee 
1874  57,000,000.00 te 3,299,201.00 are 
The interest paid on deposits amounted to the 
sums given in the following table: 
INTEREST PAID BY FREEDMEN’S BANK 
To January 1, 1867. ee tra. DR OBE 47 
Por Loo. cana Ty nhl TE 9eeren 
Tor 1365. to November 1... ve. cosas rls slihio N04,544.08 
November 1, 1868 to November 1, 1869.................. 43,896.98 
November 1, 1869 to November 1, 1870.................. 59,376.20 
November 1, 1870 to November 1, 1871................. 20,840.32 
March 1, 1871 to January 1, 1873... ................ .SNI22,215.17 
The bank, according to the above showing, 
had a promising future, and the friends of the 
Negroes were justified in relying upon it to assist 
the former slaves to economic freedom. The 
credit of the institution was rated A-1 to June, 
1874, a month before it closed its doors. The 
strongest branches were located at Augusta, 
Baltimore, Charleston, Louisville, Memphis, 
Nashville, New York, Norfolk, Richmond, Sa- 
vannah, Vicksburg, and Wilmington. 
3 Ho. Misc. Doc. No. 16, 43 Cong., 2 Sess., pp. 61, 91; Bruce Report, 
p. 256; Williams, History of the Negro Race, 11, 403-411; Hoffman, Race 
Traits and Tendencies, pp. 289, 290.