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Show INTEREST. It costs national banks an average of $59 a year to handle $1000 of de posits, according to latest figures. Add $1 to it and it's exactly 6 per cent The bank has to earn that, cover ing interest to depositor and cost of jdolng business, before it gets a profit The rate varies $74 in Tcxa9 Is (highest. Lowest is $40, in California. I National banks' net profit on $1000 deposits averages $27 for the whole country. Lucky people. If we could hold all profits down to this low margin I |