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Immense Rise Seen in Federal Bank Deposits Nationwide
The fall 1916 total held by 7,578 Federal member banks reached 11.16 billion dollars, up 4.40 billion from 1912 and about 39 percent. Growth spans regions, with New England, the West and the East showing large gains as the Fed system expands. Higher deposits reflect broad prosperity beyond war exports and point to strong future expansion under rural credits and internal development.
MENTIONED IN THIS ARTICLE
Grose
United States
New England
Europe
Dakotas
Nebraska
Kansas
Montana
Wyoming
Colorado
New Mexico
Oklahoma
Boston
Federal Reserve Center
west-of-the-Mississippi
Minneapolis
Kansas City
New York
Pennsylvania
New Jersey
Delaware
Maryland
District of Columbia
Philadelphia
Baltimore
Washington
Government Treasury
Sub-Treasuries
Federal Reserve System
Middle West
Ohio
Indiana
Tinois
Michigan
Wisconsin
Minnesota
Iowa
Missouri
Pacific
Atlantic
Pacific West