28  POSTAL  SAVINGS
of  deposits,  kept  a  cash  reserve  of  less  than  onefourth
  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  comptroller ­
  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  situation ­
  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  onehalf
  of  one  per  cent,  and  of  cash  on  hand  and  on  deposit
in  other  banks  of  about  7  per  cent.  The  630  mutual  savings ­
  banks  of  the  United  States  which  reported  to  the  Comptroller ­
  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.