28 POSTAL SAVINGS 
of deposits, kept a cash reserve of less than one- 
fourth of one per cent, and a reserve of cash on 
hand and on deposit in other banks of 2.25 pel 
cent; and that in the same year the 142 mutual 
savings banks of New York State, with over a 
billion and a half of deposits, held a cash reserve 
of less than nine-tenths of one per cent and a 
reserve of cash on hand and in banks of but 6.3 
per cent. The 638 mutual savings banks of the 
entire United States, which reported to the comp 
troller in 1910, with total deposits of $3,361,000,- 
000, had cash on hand of but $24,463,000, oi 
about three-fourths of one per cent, and cash on 
hand plus net cash in banks of but $117,525,000, 
or about 3.5 per cent. 11 
In connection with the matter of deposits and 
il Comptroller’s Report, 1910, pp. 738, 739. The situa 
tion as regards the reserves of the savings banks at the end 
of the fiscal year 1915 was as follows: The 196 mutual 
savings banks of Massachusetts with $917,000,000 of 
deposits had a cash reserve of less than one-sixth of one 
per cent, and a reserve of cash on hand and on deposit m 
other banks of about 2% per cent. At the same time the 
140 mutual savings banks of New York State, with deposi s 
of $1,774,000,000, had a reserve of cash on hand of one- 
half of one per cent, and of cash on hand and on deposit 
in other banks of about 7 per cent. The 630 mutual sav 
ings banks of the United States which reported to the Comp 
troller of the Currency in 1915, with total deposits of 
$3,951,000,000, had a reserve of cash on hand of slightly 
over one-half of one per cent, and of cash on hand and on 
deposit in other banks of 5.2 per cent.