Business & Finance: Billions

¶More life insurance was bought in 1928 than ever before. U. S. policies now total $18,500,000,000, compared with $17,135,000,000 a year ago, according to statistics of the Association of Life Insurance Presidents, published last week.

¶In its compilation of the 100 largest U. S. banks, the American Banker revealed that 30 are in Manhattan, 11 in Chicago; that total deposits of the list amount to $20,653,618,100. There are two U. S. banks (National City, Chase National, both in Manhattan) with deposits exceeding one billion. The Bank of the Manhattan Co., expanding by a...

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