Show BANK DEPOSITS STill GAINING Mutual Savings in New York State Up in First Quarter NEW YORK April The IS-The faster pace ot of reemployment and perhaps Upward salary adjustments are perr r milting the thrifty to continue to put away such money as they can save from their current budgets This in inthe inthe the opinion of Henry president dent of the Savings Savins Banks Danks Association ot of New York explains the gain in savings deposits and depositors this quarter Total posits deposits or of mutual savings banks in New York as ot of March l 31 31 1934 stood a at a gain Jain of for the three months Number of depositors rose to a t total of The reason for lor this growth said Mr Ki Kinsey e is not altogether r clear The rate of increase has accelerated greatly as the q quarter moved on the increment in March being lour four times that ot of January This is the more startling startling star star- in that the latter part of the quarter saw a great many more more banks placing restrictions on the amount of deposits until on March 31 there were 23 banks all in Greater New NewYork NewYork York City which had restrictions on deposits deposit Throughout the rest of the country countr where here increases in bank posits deposits have been noticeable it has been attributed in large measure to the guaranty of deposits law which went into effect on Januar January I 1 Our experience in New NewYork NewYork York state does not necessarily nece bear out that conclusion Copyright 1934 by The Telegram |