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2/ Tncluees interest receive (fro7a State treasurer on caMilailiali4fron bond invef:tmere
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offailed barks after pAyint cf guaranty certificates amounting to ::14.21,c1;61; and miscelle
neous receipts of ,3,975.
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was interest r aid on bills payable and on the State bond issue; and :99,032 1.-Jas in
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STATISTICAL DATA REGARDING GUARANTY FUND IN MISSISSIi PI
VI. TOTAL RECEIPTS AND DISBURSEIZNTS
(From Biennial Reports of the Auditor of Public Accounts)
eposltors-uuaranty /runt
BaiGuararrly Fund
plDisburseeburse
Collections
heceipts
ments
sTnIil
(Msra (Can
bonds
Year ending
Dec. 31
_:4i\
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1144w
1914
TMLnk ruarunty
----?Und Interest
DisburseReceipts
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Oda.44.,
1915
A
1916
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1918
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1920
11
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1921
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6
1922
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1923
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1924
1925
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1927
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1928
1929
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1930
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1931
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1932
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193t41.-
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B053',52. 2-750,9,3 6.
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19305
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FAILURES OF GUARANTEED BANKS
t
Number and rat
During the 16 years of operation
of failures.
failures of State banks occurred.
of the '-ississippi guaranty f
The deposits of these banks amounb,ed to $
Failures occurred during e4ary year that the fund was in operation except 1915, 1)18, and 1919.
The a
rage annual rate of failures--
that is, the average ratio of the number of
anks felling to the number
in operation at the beginning of the year was \
banks in Mississippi.
for the State
for all State
The comrares with a ratio o
Saniii chartered bankR_throicrrhotrt- the Uhlted states du
A comrarison of the suspension
ng the same period.
ratein Mississ
p1 with the
ratios in neighboring States during the same period is given below, together with a comparison of the deposits of suspended banks for each
$100 of deposits in active banks.
Causes of failures.
The Annual Reports of the Superintendent
of Banks in Mississippi contain a number of remarks on the causes of
bank failures in the state.
The information given in the reports of the
Superintendent of Banks regarding the failures due to dishonesty on the
part of Department officials is given
)6064
in Table 4.
The agricultural situetion is given as the major cause of
bank failures during the period 1920-25 by the Superintendent of Banks,
13
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Federal Reserve Bank of St. Louis
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STATISTICAL DATA RECAPDTNG DPFOSIT GUAR& TY p.m IN,
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Federal Reserve Bank of St. Louis
STATISTICAL DATA RQAP NG Drrls IT GUARVTY FUND IF
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Federal Reserve Bank of St. Louis
8TATTT ICA!. DTA NNW PT NO DKr OFIT r• UAW'S Y Fut:D IN
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Federal Reserve Bank of St. Louis
:iTATISTICAL DATA PROAP.INIM DEP1S1T GUARA'TY FD IN
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Federal Reserve Bank of St. Louis
STAT7ST - CAL DATA RFGARDTra DFI'vrIT :UARA'TY FUND
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