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Author: Admin | 2025-04-28
Wasnot surprising that savings werehavethanmore10 yearsthisbeenBanksunexpected.havehadforI-and in this accumulation oftheIbrieflyDivisiondollar: volumesoftotal oflargest Bankersliquidhas been in banks.savingsThe combinedsavings increase in bankswillweofsomeoftellarethereport tothe thingsoftheAssociationtry tothingssometoAmericanisyouwhich brought the total of savingsin all banks in thecountry to $63.5promotionbillion.isoundItisinteresting to notefortslargelydoing.ofsomeItheaccomplishing andthings we are at¬$4.8 billion for the year 1952, tempting to accomplish.wasthekeensothatcreasinglyonmoreciationshisandtions,investmentbelievestopro¬wouldexistingtinue,thriftotheroralsopermitbranchesthougheveninstitu¬toal¬con¬unlawfullyestablished.hisofassociationsfavorablemoreandreadydeposit,di¬greaterThe latter billapproved bywasCommitteeandawaiting ac¬tion by Congress at the time ofadjournment in July. Plans to re¬wasbanksmustaggressive,in-"bepromotiontainandholdtheirshare officesthis-promising form of sayingsis school savings.Five hundredbanks, principally the mutual sav¬ings banksv have $92 million ofasawhole, theForthe$27.underintroducedPostalhas-in-takencenterofThese ef¬forBankersctiveanincreatedbySen¬whichpro¬abolishingthe System.Savings System wasThe Postal1910.Itwasintendedprimarily at that time to encour¬age thrift among immigrants, whowithOursavingsexist.CommitteeManagementsurveyandSavingsOperations lastcompletedonandAtheofsurveySavings System completedCommittee, in cooperationthe Country Bank Opera¬tions Commission, this past yearcompleted a nationwide surveydercommercialearnings that banks derive fromsavings deposits. The survey, rerveals severalIt.conditionspresentneed forbanks to determine the amount ofsmallerthatCon¬give consideration toquestion as to whether or notthegressaun¬thereisaPostalSavings System.out that 90% ofpointedpost offices designated to receivepostal savings deposits are whereother savings facilities are avail¬able. Only 1% are in fourth-classpost office districts operating inwasimportant factors in8%, an£ the percentage in¬ teeswhosemembershipcomes the operation of a savings depart¬creaseinmutual savingsbanks from banks in every section of the ment. Forexample, operating ex? small communities. ...was almost as great.The total ac¬ country.Muchofthisreport, pense is usually small; and theArthur Sands, Chairman of thecumulatedsavings on Dec. 31, therefore, will refer to the workper cent of gross income retainedSubcommittee, appeared last year1952, held in commercial banks of the committees. |asnet-billion and intualsavings banksmately $22.5 billion.AnotherreflectsagainstlifePromotion of Savingsspeaking, it is believed thatThesavings thatgrowththisIs the outstandingyearprofit contributes favor¬ably to bank earnings. Generally•'approxi¬wasofsourcesimilarmu¬pastreservesinsurancepolicies.Savings of this type also increasedcapable chairman of ourCommittee on Savings and Mort¬gageofDevelopmentOklahomaisCity.DalHoganI would liketo say a few works about the workof hisCommittee, which has beenduring the year ended aiming at increasing the breadthlast, and totaled on that and depth of savings in banks. Bydate approximately $62 billion.breadth, I refer to the effort to8%over}31ec.The greatestpercentage growthin
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