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J LONG-TERM SAVINGS OF INDIVIDUALS AT SELECTED FINANCIAL INSTITUTIONS Individual Southeastern States and United States Research Department Federal Reserve Bank of Atlanta https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis September 1965 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis TABLE OF CONTENTS Long-Term Savings o£ Individuals at Selected Financial Institutions Alabama.......... 1 Florida 2 ............................................................. Georgia........................... Louisiana .«••• ......................... 4 ......................................................... 5 ..................... Mississippi 3 Tennessee...................... Sixth District.................................................. .. 6 • 7 Arkansas ........................................................... 8 Kentucky .................... 9 North Carolina............................. 10 South Carolina....................................................... 11 Virginia 12 ..................... Southeast............................................ 13 United States ••••• ............................................ 14 Explanatory Notes ......................................................... 15 Research Department Federal Reserve Bank of Atlanta LONG-TERM SAVINGS OF INDIVIDUALS AT SELECTED FINANCIAL INSTITUTIONS l/ ALABAMA (Millions of Dollars) December 31 Savings and Loan Assns. Savings "Accounts Commercial Postal Banks Savings Credit Unions Reserves of Life Insurance Companies TOTAL Per Capita (dollars) 1950 1951 1952 25 23 21 96 82 69 2 6 8 113 122 113 236 233 211 89 88 80 1953 1934 1935 19 16 14 68 76 8l 10 9 9 117 128 141 214 229 245 80 85 90 1936 1937 1938 13 11 11 87 92 95 10 10 9 159 176 188 269 289 303 98 105 109 1939 1940 1941 11 12 13 101 107 113 10 10 12 206 222 249 328 351 387 117 124 133 1942 1943 1944 15 17 21 123 141 179 13 17 25 273 296 367 424 471 592 144 162 211 1945 1946 1947 24 29 37 228 248 257 32 35 36 4 4 6 416 468 501 704 784 837 254 269 284 1948 1949 1950 45 52 62 255 256 256 35 34 31 7 7 8 545 579 653 887 1 010 299 309 330 1951 1952 1953 74 93 116 269 291 314 30 29 28 11 13 18 707 749 803 1 091 1 175 1 279 357 383 419 1954 1955 1956 145 179 216 335 347 377 26 24 20 22 27 36 886 970 1 050 1 414 1 547 1 699 469 507 553 1957 1958 1959 257 302 365 457 540 567 16 13 11 45 51 61 1 123 1 182 1 240 1 898 2 088 2 244 610 660 700 i960 1961 1962 423 494 568 613 673 800 Q 8 7 72 81 93 1 344 1 436 1 512 2 46l 2 692 2 90O 751 809 893 1963 1964 654 729P 6 5P 105 124p 1 671 1 732 3 352 3 640p 993 1 O68p 1/ See explanatory notes p - Preliminary. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 916 1 050 928 Page 1 Research Department Federal Reserve Bank of Atlanta LONG-TERM SAVINGS OF INDIVIDUALS AT SELECTED FINANCIAL INSTITUTIONS l/ FLORIDA (Millions of Dollars) December 31 Savings and Loan Assns. Savings Accounts Commercial Postal Savings Banks Credit Unions Reserves of Life Insurance Companies TOTAL Per Capita (dollars) 1930 1931 1932 15 13 12 84 78 74 20 29 27 90 93 89 209 213 202 142 142 132 1933 1934 1935 10 9 13 64 60 64 31 30 30 94 109 124 199 208 231 128 132 143 1936 1937 1938 21 27 32 67 73 8l 33 33 31 142 165 179 263 298 323 160 174 182 1939 1940 1941 42 55 59 89 94 96 32 34 35 203 229 257 366 412 447 199 215 222 1942 1943 1944 66 84 106 108 143 204 39 58 82 282 328 378 495 613 770 230 250 318 1945 1946 1947 131 159 189 280 336 349 104 111 106 6 7 8 449 511 570 970 1 124 1 222 393 46l 483 1948 1949 1950 222 266 318 331 332 363 97 90 82 9 11 14 634 703 770 1 293 1 402 1 547 502 525 551 1951 1952 1953 406 543 679 402 444 516 77 74 69 17 23 30 854 958 1 059 1 756 2 042 2 353 589 647 711 1954 1955 1956 912 1 180 1 494 615 684 766 61 57 50 38 52 73 1 196 1 334 1 499 2 822 3 307 3 882 805 883 959 1957 1958 1959 1 772 2 052 2 503 1 022 1 203 1 262 42 37 32 82 94 93 1 695 1 902 2 101 4 613 5 288 5 991 1 055 1 142 1 246 i960 1961 1962 2 905 3 326 3 812 1 394 1 589 1 939 27 24 20 120 136 155 2 263 2 412 2 575 6 709 7 487 8 501 1 342 1 438 1 577 1963 1964 4 267 4 753P 2 180 2 493 17 15P 180 215P 2 777 2 946 9 421 10 422p 1 703 1 827p 1/ See explanatory notes Digitized for p FRASER - Preliminary. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Page 2 Research Department Federal Reserve Bank of Atlanta LONG-TERM SAVINGS OF INDIVIDUALS AT SELECTED FINANCIAL INSTITUTIONS GEORGIA (Millions of Dollars) December 31 Savings and Loan Assns. Savings Accounts Commercial Postal Savings Banks Credit Unions Reserves of Life Insurance Companies TOTAL Per Capita (dollars) 1930 1931 1932 5 6 6 140 123 107 4 9 10 177 174 167 326 312 290 112 107 99 1933 1934 1935 6 6 9 104 110 112 13 13 13 177 194 214 300 323 348 102 109 118 1936 1937 193b 12 16 20 113 115 118 13 14 13 237 254 281 375 399 432 126 132 140 1939 1940 1941 25 31 35 123 129 134 13 13 14 308 338 374 469 511 557 150 164 175 1942 1943 1944 42 50 70 143 166 218 15 21 30 406 443 501 606 680 819 189 209 258 1945 1946 1947 82 105 130 285 314 322 41 45 46 1 2 2 576 653 704 985 1 119 1 204 316 345 368 194S 1949 1950 154 182 212 317 319 316 44 41 38 3 3 4 750 837 924 1 268 1 382 1 494 389 416 432 1951 1952 1953 251 306 376 325 354 384 35 34 31 5 6 8 1 004 1 107 1 195 1 620 1 807 1 994 459 504 560 1954 1955 1956 446 518 601 425 446 484 28 26 22 10 31 37 1 301 1 402 1 499 2 210 2 423 2 643 613 666 714 1957 1958 1959 671 172 856 572 668 705 17 15 13 45 50 58 1 575 1 695 1 817 2 880 3 200 3 449 765 841 892 1960 1961 1962 953 1 083 1 239 $ 11 10 8 63 74 81 1 889 1 988 2 114 3 695 4 038 4 426 934 1 003 1 078 1963 1964 1 415 1 6l0p 100 120p 2 254 2 436 4 913 5 492p 1 165 1 279p 1/ 984 1 138 1 320 6 6p • See explanatory notes Digitized for p FRASER - Preliminary. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Page 3 Research Department Federal Reserve Bank of Atlanta LONG-TERM SAVINGS OF INDIVIDUALS AT SEIECTED FINANCIAL INSTITUTIONS 1/ LOUISIANA (Millions of Dollars) December 31 Savings and Loan Assns. Savings Accounts Postal Commercial Banks Savings Credit Unions Reserves of Life Insurance Companies TOTAL Per Capita (dollars) 1950 1951 1952 154 142 151 145 152 107 1 2 4 122 114 126 420 390 368 199 184 171 1955 1954 1955 116 102 84 92 94 97 8 8 9 125 136 150 341 340 340 156 155 153 1956 1957 1958 81 72 75 105 108 112 9 9 9 164 179 196 390 159 163 171 1959 1940 1941 78 81 79 115 118 115 10 9 10 216 219 234 419 427 438 179 180 176 1942 1945 1944 92 84 90 119 143 187 10 12 18 263 286 323 484 525 618 190 205 246 1945 1946 1947 98 111 150 246 270 282 23 25 25 3 3 5 355 394 430 725 803 872 298 314 338 1948 1949 1950 149 177 202 278 285 282 23 22 19 5 7 9 482 580 625 937 1 071 1 137 361 406 422 1951 1952 1955 228 269 511 295 318 559 18 17 15 11 15 19 677 W 816 1 229 1 363 1 500 444 479 523 1954 1955 1956 565 426 489 575 595 440 14 12 10 23 33 41 891 975 1 060 1 668 1 841 2 040 579 625 673 1957 1958 1959 559 655 745 552 609 646 8 7 6 42 52 53 1 155 1 236 1 320 2 296 2 559 2 770 ss i960 1961 1962 859 945 1 055 713 805 920 5 4 3 75 64 82 1 378 1 460 1 517 2 999 3 289 3 577 919 996 1 061 1965 1964 1 179 1 5l8p 1 013 1 161 3 90 lOlp 1 616 1 725 3 901 4 3O7p 1 142 1 242p 1/ 2p 864 See explanatory notes Digitized for p FRASER - Preliminary. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Page 4 Research Department Federal Reserve Bank of Atlanta LONG-TERM SAVINGS OF INDIVIDUALS AT SELECTED FINANCIAL INSTITUTIONS MISSISSIPPI (Millions of Dollars) December 31 Savings and Loan Assns. Savings Accounts Commercial Postal Banks Savings 1930 1931 1932 17 16 14 84 1933 1934 1935 Credit Unions Reserves of Life Insurance Companies Per Capita (dollars) TOTAL 77 7° 53 1 3 5 64 179 134 136 89 8 9 5 6 51 57 60 7 7 7 62 70 76 129 139 149 63 68 72 1936 1937 1938 6 7 7 6l 63 65 8 8 8 84 89 96 159 167 176 1939 1940 1941 7 8 10 69 72 71 7 8 9 104 109 115 187 197 205 86 91 94 1942 1943 1944- 11 12 13 70 80 93 9 12 18 124 135 151 214 239 275 97 105 127 1945 1946 1947 15 18 23 117 129 135 19 16 14 1 1 171 189 201 322 353 374 154 171 178 1948 1949 1950 36 45 29 134 133 133 12 10 9 1 1 1 213 238 257 389 418 445 187 200 204 1951 1952 1953 53 66 82 135 140 144 8 7 6 2 2 3 274 300 321 472 515 556 218 239 264 1954 1955 1956 102 130 158 167 175 189 5 5 4 5 6 8 357 379 405 636 695 764 308 338 366 1957 1958 1959 175 201 233 233 279 311 4 3 3 9 12 17 432 467 515 853 962 1 079 409 461 504 i960 1961 1962 270 304 352 333 368 461 2 2 2 17 18 24 552 594 627 1 174 1 286 1 466 $ 644 1963 1964 397 444p 526 604 2 IP 28 33P 672 715 1 625 1 797P 711 777P i/ 65 ll 83 See explanatory notes Preliminary. Digitized p for *■FRASER https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Page 5 Research Department Federal Reserve Bank of Atlanta LONG-TERM SAVINGS OF INDIVIDUALS AT SELECTED FINANCIAL INSTITUTIONS l/ TENNESSEE (Millions of Dollars) December 31 Savings and Loan Assns. Savings Accounts ' Commercial Postal Savings Banks ~ Credit Unions Reserves of Life" Insurance Companies TOTAL Per Capita (dollars) 1930 1931 1932 16 15 14 181 149 118 1 4 7 183 175 170 381 343 309 145 129 114 1933 1934 1935 15 15 14 114 131 142 9 9 9 178 189 208 316 344 373 115 123 133 1936 1937 1938 17 17 19 150 160 166 9 9 9 233 247 266 409 433 460 147 155 163 1939 1940 1941 23 26 26 172 180 184 9 10 10 288 311 340 492 527 560 171 179 189 1942 1943 1944 31 36 44 190 218 281 11 14 20 370 410 458 602 678 803 205 228 280 1945 1946 1947 55 6? 84 364 405 420 27 32 34 4 5 7 508 563 620 958 1 074 1 165 349 1948 1949 1950 99 117 137 426 453 458 35 33 30 8 10 13 656 716 772 1 224 1 329 1 410 380 411 425 1951 1952 1953 165 199 241 479 532 590 27 26 24 16 21 27 838 913 982 1 525 1 691 1 864 452 505 562 1954 1955 1956 297 349 396 660 695 748 21 19 16 23 36 52 1 059 1 152 1 215 2 060 2 251 2 427 613 659 711 1957 1958 1959 443 505 570 839 968 1 010 13 11 9 62 69 80 1 277 1 330 1 415 2 634 2 883 3 084 $ i960 1961 1962 665 764 841 1075 1177 1 425 7 6 5 89 101 116 1 499 1 577 1 676 3 335 3 625 4 063 932 999 1 101 1963 1964 944 1 032p 1 672 1 953 4 4p 133 155P 1 750 1 851 4 503 4 995P 1 202 1 315P 1/ See explanatory notes p - Preliminary. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 333 368 876 Page 6 Research Department Federal Reserve Bank of Atlanta LONG-TERM SAVINGS OF INDIVIDUALS AT SELECTED FINANCIAL INSTITUTIONS l/ SIXTH DISTRICT (Millions of Dollars) December 31 Savings and Loan Assns. Savings Accounts Commercial Postal Savings Banks Credit Unions Reserves of Life Insurance Companies TOTAL Per Capita (dollars) 1950 1951 1952 232 215 198 728 629 528 29 55 6l 762 748 729 11% 1 516 12? 119 108 1955 1954 1955 175 155 140 495 528 556 78 76 77 58 915 1 499 1 583 1 686 106 111 117 1956 1957 1958 150 150 162 581 611 657 82 83 79 1 019 1 110 1 206 1 832 1 954 2 084 127 155 140 1959 1940 1941 186 213 222 669 700 715 81 84 90 1325 1 428 1 569 2 26l 2 425 2 594 1942 1945 1944 257 283 344 755 891 1 162 97 134 195 1 I1? 1 898 2 178 2 825 3 206 5 877 177 195 243 1945 1946 1947 405 491 595 1 520 1 702 1 765 246 264 261 18 22 29 2 475 2 778 3 026 4 664 l%k 296 525 542 1948 1949 1950 698 830 976 1 741 1 778 1 808 246 230 209 55 59 49 3 280 5 655 4 001 5 998 6 550 7 043 559 585 402 1951 1952 1955 1 177 1 476 1 805 1 905 2 079 2 287 195 187 175 62 80 105 4 354 4 771 5 176 7 695 8 595 9 546 430 475 524 1954 1955 1956 2 267 2 782 5 554 2 577 2 742 5 004 155 143 122 121 185 247 5 690 6 212 6 728 10 810 12 064 15 455 1957 1958 1959 3 877 4 487 5 272 5 655 4 267 4 501 100 86 74 285 328 562 7 257 7 812 8 4o8 K 18 617 763 836 897 i960 19§1 1962 6 055 6 916 7 867 4 907 5 495 6 529 6l 54 45 425 485 551 8 925 9 467 10 021 20 575 22 417 25 015 958 1 032 1 128 1963 1964 8 856 9 886p 7 445 8 581 58 55p 636 748p 10 740 11 405 27 715 50 655P 1 228 1 534p 3/ See explanatory notes p - Preliminary. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Page 7 Research Department Federal Reserve Bank of Atlanta LONG-TERM SAVINGS OF INDIVIDUALS AT SELECTED FINANCIAL INSTITUTIONS l/ ARKANSAS (Millions of Dollars) December 31 Savings and Loan Assns. Savings Accounts Commercial Postal Savings Banks Credit Unions Reserves of Life Insurance Companies TOTAL Per Capita (dollars) 1950 1931 1932 38 37 29 65 50 39 2 7 9 75 74 69 180 168 146 97 91 80 1933 1934 1935 21 13 10 37 41 43 12 12 12 72 78 82 142 144 147 77 77 78 1936 1937 1938 9 10 11 *5 46 46 13 13 13 89 93 99 156 162 169 83 85 88 1939 1940 1941 12 14 14 47 48 49 13 14 15 107 110 117 179 186 195 92 95 99 1942 1943 1944 16 17 18 49 53 66 17 23 32 133 141 154 215 234 270 109 127 153 1945 1946 1947 20 26 33 86 96 97 43 50 51 172 189 205 321 361 386 182 201 210 1948 1949 1950 40 48 57 96 98 100 51 49 46 1 1 1 227 240 252 415 436 456 227 236 239 1951 1952 1953 67 80 96 104 115 133 43 42 40 1 1 2 276 296 314 491 534 585 258 291 328 1954 1955 1956 113 133 154 154 170 182 36 33 29 3 3 3 338 360 382 644 699 750 371 405 440 1957 1958 1959 180 211 238 212 243 279 24 20 17 7 8 8 399 433 472 822 915 1 014 474 530 577 i960 1961 1962 279 326 376 316 359 456 13 11 9 11 14 15 505 538 566 1 124 1 248 1 422 628 687 759 1963 1964 441 5O7P 530 620 19 22P 598 627 1 595 1 782p 838 922p 2/ See explanatory notes p - Preliminary. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 7 6p Page 8 Research Department Federal Reserve Bank of Atlanta LONG-TERM SAVINGS OF INDIVIDUALS AT SELECTED FINANCIAL INSTITUTIONS l/ KENTUCKY (Millions of Dollars) December 31 Savings and Loans Assns. Savings Accounts Commercial Postal Banks Savings Credit Unions Reserves of Life Insurance Companies TOTAL Per Capita (dollars) 1950 1951 1952 100 102 98 197 160 134 1 4 6 163 169 166 46l 455 404 176 164 151 1955 1954 1955 89 99 90 129 156 143 8 8 8 172 185 207 598 428 448 148 157 163 1956 1957 1958 81 92 96 149 150 148 8 9 10 212 227 245 450 478 499 163 172 178 1959 1940 1941 101 101 97 145 142 155 11 12 15 262 28l 505 519 556 550 184 188 195 1942 1943 1944 95 101 131 128 151 157 15 20 28 529 557 597 565 609 695 202 226 263 1945 1946 1947 150 148 169 196 213 219 56 43 47 2 4 4 437 475 510 801 881 949 509 519 559 1948 1949 1950 184 198 215 220 226 227 48 48 45 6 7 8 557 581 630 995 1 060 1 125 555 372 583 1951 1952 1955 236 272 514 239 259 286 43 42 41 9 11 15 665 715 767 1 192 1 297 1 421 405 444 490 1954 1955 1956 372 434 495 518 555 565 58 55 50 16 17 24 809 854 908 1 555 1 675 1 820 555 576 628 1957 1958 1959 559 643 723 410 456 490 26 22 18 28 54 W 957 995 1 023 1 971 2 144 2 288 675 724 765 i960 1961 1962 817 920 1 011 521 574 699 15 12 10 55 57 58 1 063 1 114 1 163 2 451 2 657 2 921 806 865 943 1965 1964 1 112 1 227P 797 957 41 47P 1 233 1 509 5 192 5 527P 1 021 1 H7P 1/ See explanatory notes p - Preliminary. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 9 7p Page 9 Research Department Federal Reserve Bank of Atlanta LONG-TERM SAVINGS OF INDIVIDUALS AT SELECTED FINANCIAL INSTITUTIONS l/ NORTH CAROLINA (Millions of Dollars) December 31 Savings and Loan Assns. Savings Accounts Postal Commercial Savings Banks Credit Unions Reserves of Life Insurance Companies TOTAL Per Capita (dollars) 70 2 8 11 170 174 177 395 357 320 125 112 99 55 49 49 69 87 96 15 15 15 176 195 219 315 346 379 96 105 114 1936 1937 1938 54 66 75 103 107 111 15 15 15 243 269 293 415 457 494 124 135 144 1939 1940 1941 87 97 87 117 125 130 14 15 16 321 354 394 539 591 627 153 165 175 1942 1943 1944 88 93 107 137 162 212 18 24 36 422 467 524 665 746 879 186 204 247 1945 1946 1947 128 155 184 289 335 354 50 61 66 4 5 6 596 667 750 1 067 1 223 1 360 302 330 361 1946 1949 1950 210 244 280 362 396 394 65 62 57 6 7 8 807 881 942 1 450 1 52° 1 681 378 406 413 1951 1952 1953 323 400 474 432 466 509 53 51 48 9 11 13 1 025 1 094 1 176 1 842 2 022 2 220 447 492 539 1954 1955 1956 556 649 732 524 549 544 44 41 36 16 17 20 1 245 1 339 1 425 2 385 2 595 2 757 577 612 640 1957 1958 1959 821 935 1 072 586 690 667 31 27 23 24 27 32 1 488 1 1 685 2 950 3 272 3 479 675 748 780 i960 1961 1962 1 221 1 396 1554 772 868 1 031 19 16 14 35 41 46 1895 2 019 1 V2 3 819 4 216 4 664 834 901 985 1963 1964 1 740 1 919p 1 163 1 420 12 lOp 53 63p 2 109 2 246 5 077 5 658p 1 06l 1 l66p 1930 1931 1932 78 71 62 & 1933 1934 1935 1/ See explanatory notes - Preliminary. Digitized forpFRASER https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Page 10 Research Department Federal Reserve Bank of Atlanta LONG-TERM SAVINGS OF INDIVIDUALS AT SELECTED FINANCIAL INSTITUTIONS V SOUTH CAROLINA (Millions of Dollars) December 31 Savings and Loan Assns. Savings Accounts Commercial Postal Savings Banks Credit Unions Reserves of Life Insurance Companies TOTAL Per Capita (dollars) 1930 1931 1932 23 21 20 75 52 28 3 8 11 84 87 83 185 168 142 1933 1934 1935 16 13 17 23 28 30 14 14 14 89 99 107 142 154 168 81 88 95 1936 1937 1938 13 16 20 31 32 32 16 16 16 120 132 145 180 196 213 101 109 116 1939 1940 1941 23 27 31 34 37 38 16 17 19 164 186 206 237 267 294 127 140 150 1942 1943 1944 32 34 37 40 46 59 22 29 41 227 251 278 321 360 415 160 183 214 1945 1946 1947 44 54 68 75 84 89 53 61 62 1 1 1 322 529 388 495 529 608 256 275 505 1948 1949 1950 82 98 116 90 fo 87 60 57 52 1 1 1 404 430 480 637 675 736 319 333 348 1951 1952 1953 141 181 223 94 105 111 49 47 45 1 2 2 538 581 635 823 916 1 016 380 421 466 1954 1955 1956 268 316 364 H7 116 126 41 38 33 3 6 5 676 729 762 1 105 1 205 1 290 508 1957 1958 1959 406 459 505 164 185 195 29 25 21 5 10 791 825 883 1 397 1 502 1 614 i960 1961 1962 570 649 734 200 217 236 18 16 14 12 14 23 932 965 1 028 1 732 1 861 2 035 1963 1964 825 924p 257 278 12 HP 29 37P 1 081 1 147 2 204 2 397P 1/ 548 579 880 938p See ejqplanatory notes p - Preliminary. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Page 11 Research Department Federal Reserve Bank of Atlanta LONG-TERM SAVINGS OF INDIVIDUALS AT SELECTED FINANCIAL INSTITUTIONS 1/ VIRGINIA (Millions of Dollars) December 51 Savings and Loan Assns. Savings Accounts Commercial Postal Banks Savings Credit Unions Reserves of Life Insurance Companies TOTAL Per Capita (dollars) 1950 1931 1932 51 50 46 252 236 211 1 3 4 171 l8l 179 475 470 440 196 192 179 1933 1934 1935 43 38 35 208 223 235 5 5 5 189 203 225 445 469 500 181 189 199 1936 1937 1938 35 36 39 250 262 270 5 5 5 250 210 228 540 513 542 212 198 205 1939 1940 1941 43 48 48 278 292 305 5 5 7 321 353 389 647 698 749 242 257 262 1942 1943 1944 52 57 65 314 340 404 8 11 14 428 467 527 802 875 1 010 264 280 311 1945 1946 1947 I1 80 93 494 557 574 18 19 19 2 2 2 599 668 724 1 184 1 326 1 412 371 413 441 1948 1949 1950 103 119 134 583 610 633 18 17 16 3 4 4 777 889 906 1 484 1 639 1 693 463 498 511 1951 1952 1953 152 193 233 672 736 798 15 14 13 6 8 10 974 1 061 1 133 1 819 2 012 2 187 530 574 615 1954 1955 1956 286 329 370 872 918 964 11 10 9 12 17 21 1 242 1 368 1 454 2 423 2 642 2 818 682 736 757 1957 1958 1959 418 474 527 1 066 1 203 1 242 7 6 5 29 33 36 1 529 1 635 1 722 3 049 3 351 3 532 793 856 894 i960 1961 1962 618 721 812 1 281 1 429 1 631 4 4 3 42 51 60 1 883 1 999 2 123 3 828 4 204 4 629 959 1 026 1 106 1963 1964 920 1 026p 1 804 2 075 3 3p 79 97P 2 265 2 392 5 071 5 593P 1 184 1 278p l/ See explanatory notes p Preliminary. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Page 12 Research Department Federal Reserve Bank of Atlanta LONG-TERM SAVINGS OF INDIVIDUALS AT SELECTED FINANCIAL INSTITUTIONS 1/ SOUTHEAST (Millions of Dollars) December 31 Savings and Loan Assns. Savings Accounts Commercial Postal Banks Savings Credit Unions Reserves of Life Insurance Companies TOTAL Per Capita (dollars) 1950 1951 1952 522 496 455 1 462 1 231 1 010 58 83 102 1 425 1 435 1 403 5 447 5 243 2 968 135 126 115 1955 1934 1955 599 565 341 959 1 043 1 103 152 130 151 1 451 1 586 1 755 2 941 3 124 5 528 112 118 125 1956 1957 1958 342 570 403 1 159 1 208 1 244 159 141 158 1 955 2 041 2 216 5 575 5 760 4 001 133 139 145 1959 1940 1941 452 500 499 1 290 1 344 1 570 140 147 160 2 500 2 712 2 980 4 382 4 703 5 009 loo 173 1942 1943 1944 558 585 682 1 421 1 623 2 060 177 241 344 5 257 3 581 4 058 5 393 6 030 7 144 184 203 246 1945 1946 1947 798 954 1 140 2 660 2 987 5 098 446 498 506 27 54 42 4 601 5 104 5 603 8 532 9 5J7 10 389 W 1948 1949 1950 1 517 1 557 1 778 5 092 5 197 5 249 488 463 425 50 59 71 6 032 6 674 7 211 10 979 11 930 12 734 361 386 400 1951 1952 1955 2 096 2 602 5 145 3 446 5 760 4 124 598 583 360 88 115 145 78J? 8 516 9 201 13 860 15 374 16 975 427 470 518 1954 1955 1956 3 862 4 643 5 467 4 562 4 830 5 185 525 300 259 171 245 320 10 000 10 862 11659 18 920 20 880 22 890 558 623 669 1957 1958 1959 6 261 7 209 8 357 6 093 7 044 7 574 217 186 158 571 432 482 12 421 15 295 14 193 25 363 28 164 30 544 724 791 842 i960 1961 1962 9 560 10 928 12 354 7 997 8 942 10 582 130 115 95 560 642 755 15 080 15 978 16 920 33 327 36 603 40 684 899 968 1 056 1963 1964 13 894 15 489p 11 996 15 911 857 1 0l4p 18 026 19 126 44 854 49 6l0p 1 1 244p 1/ 81 70P 297 344 See explanatory notes Digitized for p FRASER - Preliminary. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Page 13 Research Department Federal Reserve Bank of Atlanta LONG-TERM SAVINGS OF INDIVIDUALS AT SELECTED FINANCIAL INSTITUTIONS l/ UNITED STATES (Millions of Dollars) December 51 Savings and Loan Assns. Savings Accounts Commercial Postal Banks Savings Credit Unions Reserves of Life Insurance Companies TOTAL Per Capita (dollars) 1930 1931 1932 6 296 5 916 5 326 29 149 26 858 23 018 250 613 915 13 690 14 293 14 319 49 385 47 680 43 578 401 384 349 1933 1934 1935 4 750 4 458 4 254 21 851 22 719 23 497 1 229 1 232 1 229 14 613 15 687 17 203 42 443 44 096 46 183 338 349 363 1936 1937 1938 4 194 4 080 4 077 24 409 25 033 25 221 1 291 1 303 1 286 18 736 20 181 21 512 48 630 50 597 52 096 380 393 401 1939 1940 1941 4 118 4 322 4 682 25 852 26 499 26 479 1 315 1 342 1 392 23 024 24 663 26 592 54 309 56 826 59 145 415 431 444 1942 1943 1944 4 941 5 494 6 305 27 058 31 08l 37 551 1 459 1 837 2 406 28 734 31 365 34 212 62 192 69 777 80 474 464 520 606 1945 1946 1947 7 365 8 548 9 753 45 613 50 784 53 105 3 013 3 379 3 523 400 453 539 37 509 40 713 43 820 93 900 103 877 110 740 709 742 772 1948 1949 1950 10 964 12 471 13 992 54 308 55 601 56 513 3 442 3 302 3 035 634 745 901 47 139 50 231 53 630 116 487 122 350 128 071 797 823 843 1951 1952 1953 16 107 19 195 22 846 59 025 63 598 68 355 2 814 2 655 2 465 1 082 1 356 1 691 57 134 61 142 65 147 136 162 147 946 160 504 884 946 1 010 1954 1955 1956 27 252 32 142 37 148 73 510 76 844 80 908 2 239 1 985 1 720 2 022 2 447 2 914 69 295 73 733 78 074 174 318 187 151 200 764 1 077 1 134 1 194 1957 1958 1959 41 912 47 976 54 583 88 102 97 498 101 116 1 401 1 212 1 016 3 382 3 875 4 438 82 191 86 618 91 705 216 988 237 179 252 858 1 268 1 362 1 427 i960 1961 1962 62 142 70 885 80 236 107 959 120 848 139 188 836 712 591 4 982 5 640 6 332 95 758 100 300 105 100 271 677 298 385 331 447 1 509 1 630 1 783 1963 1964 91 308 100 89?p 155 531 175 785 503 433P 7 256 8 128p 110 400 116 060 364 998 401 298p 1 935 2 O97P 3/ See explanatory notes p Preliminary. Digitized for -FRASER https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Page 14 EXPLANATORY NOTES To be most useful, data for the Southeastern states should be strictly comparable with similar estimates for the United States. Consequently, the estimates for the Southeastern states have been modeled after the national estimates that have been prepared for some years by the Federal Home Loan Bank Board (Savings and Home Financing Source Book, 1964, Washington, D. C., June 1964). The nature of the data, however, has necessitated certain modifications in both the national and state estimates presented here. Holdings of United States savings bonds included in the Home Loan Bank series are excluded in this series from both the state estimates and the United States figures since it was found impracticable to allocate holdings by states. Deposits at mutual savings banks are included in the national figures under the heading "Commercial Banks" but are excluded from the state figures because mutual savings banks do not operate in the Southeastern states. There is also a slight difference in the commercial bank figures used in these estimates from those prepared by the Federal Home Loan Bank Board. In the interest of comparability, state and national figures for this series have been brought into conformity with each other. Consequently, the U. S. data presented here also differ slightly from those published by the Federal Home Loan Bank Board. Savings and Loan Associations. The data represent the value of repurchasable shares, both state and Federal. Since share data by state were unavailable for the years 1930 through 1936, estimates for these years were made from data on total assets obtained from the United States Savings and Loan League by using the ratio between total share holdings and assets on a national basis. Data for the years since 1937 were obtained from the Federal Home Loan Bank Board. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Page 15 (Continued) Commercial Banks. The data include total time deposits at commercial and mutual savings banks for individuals, partnerships, and corporations as published by the Board of Governors of the Federal Reserve System in All-Bank Statistics, United States, 1896-1955 and in current releases. savings banks also are included. Time deposits at mutual Interpolation was used to secure a year-end figure for the U. S. for 1930-37 and for each state for 1930-42 since figures were available for a June date only. Postal Savings. were available. Interpolation was used to provide year-end figures since only end-of-fiscal-year figures The state figures as obtained from the Bureau of Finance of the U. S. Post Office Department covered only the credits to depositors’ accounts and excluded the value of postal savings bonds issued in 1935. Thus to raise the data to a level comparable with the national figure a ratio of U. S. postal savings deposits to total deposits plus the value of postal savings bonds was employed. Credit Unions. The state data were secured from the Credit Union National Association and the national data from the Savings and Home Financing Source Book. Reserves of Life Insurance Companies. Data represent the equity of policyholders residing in each of the Southeastern states in the reserves and dividends left to accumulate after premium notes and policy loans were deducted (Life Insurance Fact Book, New York Annuals, 1948-63). Since no comparable estimates are available by state, they were derived by first computing a ratio of life insurance in force in each state to the total for the United States and then applying these ratios to national estimates of equities. Data on life insurance in force were obtained from the Spectator Yearbook. Population. Population figures used in the per capita estimates were obtained from the United States Department of Commerce, Population Estimates, Series P-25. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Page 16
@FedFRASER