Full text : Postal savings

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POSTAL  SAVINGS

the  other  extreme  are  11  States  in  which  less
than  one-tenth  of  one  per  cent  of  the  population
are  postal  savings  depositors,  and  all  of  these
States  with  the  exception  of  the  two  Dakotas  are
south  of  the  Mason  and  Dixon  line,  and,  with  the
further  exceptions  of  Arkansas  and  New  Mexico,
are  east  of  the  Mississippi  River.
Distribution  of  Deposits  by  States
The  distribution  of  postal  savings  deposits  by
States  at  the  end  of  the  fiscal  year  1916  is  very
similar  to  that  of  depositors.  The  table  and  map
(Map  II)  point  to  the  following  conclusions:
(  1  )  The  great  bulk  of  the  deposits  are  in  comparatively ­
  few  States.  In  only  eight  of  the  fiftytwo
  States  and  other  geographic  districts  mentioned ­
  did  the  total  deposits  exceed  $2,500,000;
and  these  eight  States  (which  in  their  order  were
New  York,  Pennsylvania,  Illinois,  Ohio,  Massachusetts, ­
  California,  Michigan  and  New  Jersey)
held  70  per  cent  of  the  total  deposits,  the  first
four  holding  54  per  cent  of  the  total.
(2)  Viewed  from  the  standpoint  of  amount  on
deposit  in  proportion  to  population  there  is  a
striking  difference  in  different  sections  of  the
country.  The  amount  on  deposit  per  capita  varied ­
  from  $4.11  for  Nevada  to  less  than  2  cents
for  South  Carolina.
            
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