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 statement,
 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 economic
 analysis of its importance.
Obviously, the banking strength of any city is a major
factor in its development, as the entire business structure