Iceland 1930

Bibliographic data

Monograph

Identifikator:: 1830571079

URN:: urn:nbn:de:zbw-retromon-221162

Document type:: Monograph

Title:: Iceland 1930

Edition:: 2. ed.

Place of publication:: Reykjavík

Publisher:: Ríkisprentsmiđjan Gutenberg

Year of publication:: 1930

Scope:: 193 S.; Tab., Kt., Taf.

Digitisation:: 2022

Collection:: Economics Books

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Document type:: Monograph

Structure type:: Chapter

Title:: Financial institutions

Collection:: Economics Books

33 SAVINGS BANKS The first savings banks in Iceland were founded in 1870. In 1910 they were 25, while in 1927 their number had increased to 50. -— The number of savings banks, the total capital deposited in them, as well as their reserve funds mav be seen from the following table: Number of Total deposits Total reserves savings banks 1000 krénur 1000 krénur 363 112 1 914 175 7915 558 7748 813 7515 [+]:73 911 1914 , [920 . [925 50 1927 . 50 Thus on December 31st 1927 the total capital deposited in savings banks amounted to 7.5 million krénur, the number of depositors (pass- books) being 21 600. On the same date deposits in other banks at savings banks interest totalled 38.0 million krénur, which shows that savings banks do not as yet play a very important part in the economic life of Iceland. The funds of the savings banks were invested in the following manner: 1911 1000 kr. Vlortgages on real property Advances on sureties . , Advances to municipalities Advances on pawns . . Bills . . . . . « . . Bonds . . . . . . . Deposits in banks . . . Real property and other effects. . . . . . Sundry debtors . . . ~-ch in hand . . > ud Krénur 1619 1914 000 Lr» 2200 1920 ADL re 8664 1925 1927 000 kr. 1000 kr “tis 3075 "60 2158 52 338 “0h 161 1740 148 824 6 65 96 212 8817 ug 274 8821 Only such financial institutions as comply with the provisions of the act of November 3rd 1915 respecting savings banks, and have had their regulations ratified by the government, may call themselves sav- ngs banks, and they must not commence business until this ratification has been obtained. Though savings banks are now, since 1923, under

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