i THE FREEDMEN’S SAVINGS BANK 
CONDITION OF THE BANK IN 1874 
As nearly as can be ascertained there was due 
to depositors at the date of closing the sum of 
$2,993,790.68 on 61,144 accounts. In the vaults 
was found only $400 in United States securities 
and in the branches cash amounting to $31,689.35 
—all the rest had gone out in personal and real 
estate loans which could be realized upon only 
with difficulty and after long delay. The worst 
loans had been made from the “available’ fund 
and here the heaviest losses finally fell. The most 
troublesome loans were divided as follows: 
From the “available” fund. ......$2,175,174.99 to 146 persons 
From other funds............... 585,333.19 to 154 persons 
The latest statement that can be obtained 
from the branches is that of January 24, 1874, 
which is given below. It will show approximately 
how the deposits and therefore the losses were 
distributed.? 
AMOUNT OF DEPOSITS AT THE BRANCHES, 
JANUARY 24, 1874 
Branches Deposits Branches Deposits 
Alexandria, Va. ....... J 1,584 Little Rock, Ark........3 17,728 
Atlanta, Ga.. ......... 25,404 Louisville, Ky.......... 137,094 
Augusta, Ga........... 6,882 Lynchburg, Va.......... 19,967 
Baltimore, Md.......... Ju3,947 Macon, Ga,............ 54,342 
Beaufort, S. C.......... 55592 Merle Tenn......... 96,755 
Charleston, S. C........ 255345 Mobile, Ala. ........... 95144 
Columbus, Miss. ....... 18,857 Montgomery, Ala....... 29,743 
Columbia, Tenn......... 19,823 Natchez, Miss.......... 22,195 
Huntsville, Ala. ........ 35963 Nashville, Tenn......... 78,525 
Jacksonville, Fla........ 22,022 New Bern, N.C........ 40,621 
Lexington, Ky.......... 34,193 New Orleans, La........ 240,006 
Bruce Report, pp. 299-307 and Appendix, p. 22. Ho. Misc, Doc. No. 
16, 43 Cong., 2 Sess. 
1 Ho. Misc. Doc. 16, 43 Cong., 2 Sess., p. 61. Meigs Report, Feb. 24, 
1874; Bankers’ Magazine, June, 1875; July, 1881; The Nation, April 15, 
1875. 
JR