BANKS IN THE UNITED STATES, financial institutions comprising (1) Na tional banks; (2) State banks; and (3) savings banks, consisting of (a) mutual savings banks; and (b) stock savings banks. These are general throughout the entire country. In addition to these, are (1) co-operative banks, common in New England, especially Massachusetts; (2) loan and trust companies, estab lished in nearly all the large cities; and (3) building and loan associations, now represented in most of the States and Territories. The last three classes par take of some of the features of regular banking, especially in the reception of money on deposit, subject to call, and the payment of interest thereon. The first three kinds of banks only are here con sidered; the others will be found under their respective titles.
National Banks.—There were on No vember 17, 1919, 19,129,842 depositors in National banks. These figures show that the depositors in the National banks of the country exceed in number one sixth of the total number of the popula tion in that year. The number of deposi tors increased from 1910 to 1919 11,439, 374, or 148.75 per cent.
On June 30, 1919, there were 21,338 State banking institutions which in cluded savings banks, private banks, and trust companies. The aggregate paid in stock in these institutions amounted to a combined capital of $1,318,716,000 and the total resources to $26,380,529,000. The deposits amounted to $21,744,046,000.
The State banks numbered 17,225 with a combined capital of $785,727,000 and aggregate resources of $11,701,606,000. The deposits amounted to $9,046,919,000. There were 622 mutual and 1,097 stock savings banks in 1919. The deposits in the mutual banks amounted to $4,422, 096,000 with 9,011,464 depositors. In the same year there were 1,377 loan and trust companies with resources amount ing to $7,959,969,000 and deposits amounting to $5,696,030,000. There are approximately 3,500 private banks in the United States, of which only about 1,000 are under supervision of the State or National banking departments. The deposits in these banks amounted to $219,830,000. See POSTAL SAVINGS