Full resolution (JPEG) - On this page / på denna sida - Second part - XIV. Credit and Insurance Establishments - 3. Mortgage Establishments - 4. Savings Banks. By I. Flodström, Actuary at the Board of Trade
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SAVINGS-BANKS.
1033
The General Mortgage Bank for the Towns of Sweden (Allmänna
Hypotekskassan för Sveriges städer) was established in 1866; the regulations now
in force and which have been confirmed by the Government, date from June 14,
1894. The object of this bank is to arrange a sufficient raising of loans for
Mortgage Societies between real estate owners in the towns and boroughs of the
kingdom, and also at other places with a dense population. With reference to the
city mortgage societies, this bank thus forms an equivalent to what the General
Mortgage Bank does for the agricultural mortgage societies. The bank has also
the right to emit instalment loans to communities. Its accounts must be held
accessible to the examination which the Government may desire to make.
The Stockholm Mortgage Security Company, Limited (Stockholms
Inteckningsgarantiaktiebolag), as before mentioned, also carries on banking
business, and is for that reason taken up among the »Joint-stock Banks» in Table 161,
p. 1032. The object of the Company was originally »to facilitate the raising of
loans on security of mortgage within the city of Stockholm, by giving security
for repayment of capital when due, with or without interest». The Company also
grants bank-credit for building. It has in a great measure contributed to the
regulation and promotion of the real estate credit in Stockholm. The share capital
amounts to 71/» million kronor.
Mortgage security companies have been formed also in Gothenburg, Gefle,
Malmö (Skånska Inteckningsbolaget), and Helsingborg.
4. SAVINGS-BANKS.
The oldest savings-bank proper in our country is the Gothenburg
one, opened Oct. 28, 1820. The Stockholm Savings-Bank (Stockholms
städs sparbank) was founded in 1821, and during the later years of the
same decennium, similar institutions came into existence in most of the
Läns of Sweden, in the northernmost though, not until the end of the
forties and the beginning of the fifties. A considerable extension the
savings-bank system first attained in the Län of Malmöhus, where, as
early as 1850, fourteen large savings-banks were founded.
Of the development of the savings-bank system since 1860, the
following figures bear witness, viz.: *
111 SKanbf Depositors. kronor per dePositor- Per inhab’
llanR8’ Jvronor. Kronor. Kronor.
1860 ..................149 187,675 27,291,937 145 7
1870 ..................234 353,867 57,301,804 162 14
1880 ..................340 762,638 146,071,708 192 32
1890 ..................378 1,072,735 275,039,102 256 57
1895 ..................372 1,098,116 339.339.266 3u9 69
1900 ..................388 1,228.930 437,391,160 356 85
1902 ..................394 1,281,663 496,105,019 387 95
Of the savings-banks existing in 1902, 103 belonged to the towns
and 291 to the country, reckoned according to the situation of the head
office.
» A krona = 1’10 shilling or 0 268 dollar.
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