The principal form of competition among banks takes the form of acquiring deposits. Some deposits represent cash left in the bank by depositors for convenience and safekeeping; other deposits are created as the result of credits established for borrowers at the bank. In any case, the bank with the largest deposits is presumably the institution with the largest income and the most active business.
Recent statistics (as of Sept. 28 last), issued by the office of the
Controller of the Currency, showed the deposits in our national banks. The ten leaders were:
National City Bank...