10

POSTAL  SAVINGS

banks,  560  reported  having  savings  accounts  with
130,865  savings  depositors  and  total  savings  deposits ­
  of  $32,444,593,  of  which  approximately
half  were  in  the  form  of  certificates  of  deposit  or
time  deposits. 16  Of  the  862  loan  and  trust  companies ­
  reporting,  696  carried  savings  accounts
with  1,965,333  savings  depositors  and  total  savings ­
  deposits  of  $657,697,417. 11  Grouping  all  of
these  kinds  of  banks  together  we  have  18,219
banks  making  reply  to  the  inquiries  concerning
savings  accounts.  Of  this  number  10,982  carried ­
  savings  accounts,  and  they  had  14,873,361
savings  depositors  and  savings  deposits  of  $5,-673,861,104.

A  table  showing  the  savings  facilities  and  the
post  office  facilities  possessed  in  1909  by  each
state  and  territory,  and  by  each  geographic  section ­
  of  the  country,  was  prepared  by  the  author  in
1911. 18  Its  story  may  be  summarized  as  follows  :
The  table  shows  that  the  country  as  a  whole
was  nowhere  nearly  so  well  provided  with  banks
receiving  savings  deposits  as  with  post  offices,
and  that  the  section  in  which  savings  facilities
were  most  lacking,  whether  viewed  from  the
16  Ibid.,  p.  48.
17  Ibid.,  p.  52.
18  The  United  States  Savings  Bank,  in  Political  Science
Quarterly,  XXVI,  pp.  468-472.