An increase in the deposits of a commercial bank is mainly caused by and mainly reflects greater trade operations and the expansion of business indebtedness. When savings bank deposits increase, it is a sign of larger private savings and in general a reduction of individual indebtedness among the salary and wage-earning classes.
During the year ending June 30 last, the citizens of the U. S. added over a billion dollars to their savings accounts. On that date total savings deposits were $18,373,062,000, which is $1,041,583,000 more than the total amount reported on June 30,...
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