ESTABLISHMENT  OF  THE  SYSTEM  9

the  banking  statistics  of  the  country  as  of  1909. 11
It  estimated  the  number  of  banks  and  banking
firms  in  the  United  States  at  25,000.  “Of  this
number  reports  were  obtained  from  all  but  about
2,500,  the  omissions  being  chiefly  of  concerns
whose  business  is  confined  to  brokerage  and  exchange,” ­
 12  and  which  would  be  negligible  as  savings ­
  depositories.  Exactly  what  proportion  of
the  reporting  banks  carried  savings  accounts  is
not  known,  as  some  of  them  did  not  reply  to  that
part  of  the  inquiry  referring  to  this  subject.  The
figures  given,  however,  showed  that  of  the  6,585
national  banks  (excluding  island  possessions  and
Alaska),  3,511  reported  savings  accounts,  with  a
total  of  1,964,223  savings  depositors  and  savings
deposits  of  $756,827,891. 13  Of  the  8,239  State
banks  reporting,  4,675  reported  savings  accounts,
with  a  total  of  2,195,727  savings  depositors  and
savings  deposits  amounting  to  $592,949,131. 14
Six  hundred  and  twenty-seven  mutual  savings
banks  reported  7,204,579  depositors  with  total
deposits  of  $3,138,763,705  ; 15  913  stock  savings
banks  reported  1,412,634  savings  depositors  with
total  deposits  of  $495,178,368.  Of  993  private
11  Sen.  Doc.,  No.  225,  61  Cong.,  2  Sess.
12  Ibid.,  p.  3.
13  Ibid.,  pp.  36-39.
14  Ibid.,  pp.  40-43.
15  Ibid.,  p.  44.