OCR Text |
Show AMERICAN SAVINGS INCREASE New York. Continued Increase In the savings of the American people is indicated by the latest national compilation just completed by the Savings Bank Division of the American Ameri-can Bankers Association. Savings deposits de-posits in banks and trust companies j of the United States were reported at 117,300,000,000, June 30, 1922, the last available nation-wide figures, as com pared with $16,620,000,000, June 30, 1921. This is an increase of $680,-000,000 $680,-000,000 or 4.1 per cent. The number of savings depositois, as indicated by the number of accounts, ac-counts, shows an Increase of 4.9 per cent, with the states reporting for the first time in 1922 excluded. The third annual report of the Savings Bank Division Di-vision on school savings banking also shows increased American thrift, 1,-271,029 1,-271,029 pupils having savings accounts during the school year of 1921-1922 as against 302,903. |