Savings Banks

The National Association of Mutual Savings Banks last week published a list of the hundred biggest. Facts savings-bankers noted with interest: first and second, with $332,000,000 and $319,000,000, are the Bowery Savings and the Emigrant Industrial Savings, both of Manhattan. Last year their positions were reversed. The Philadelphia Savings Fund Society is again third. To be in the first 100, a bank would have to beat the Mechanics Savings Bank of Hartford, last with $21,000,000 deposits. During 1929 no newcomers joined the group. New York State had 54 of the 100, Massachusetts was next with 19. New York City alone had 21. Total deposits of the 100 were $5,780,000,000.

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