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1038
XIV. CREDIT AND INSURANCE ESTABLISHMENTS OF SWEDEN.
Time. Account-
holders.
Private banks.
Joint-stock banks.
Together.
Deposit,
kronor.
[-Account-holden.-]
{+Account-
holden.+}
Deposit,
kronor.
[-Account-holders.-]
{+Account-
holders.+}
Deposit,
kronor.
501 1897 ...... 2,015 1,384,066 54,928 22,826,289 56,943 24.2II.2U
81 it 1897 ...... 6,507 5,926,473 60,691 28,450,275 67,198 34,376,74*
"/’it 1898 ...... 21,652 24,532,615 73,709 40,028,784 95,361 64.561 JM
",8 1899 ...... 32,783 29,411,089 95,461 57,010,338 128,244 86,421.427
»»ii 1899 ...... 37,176 29,560,866 99,491 54.640,545 136,M7 84.201,411
®°/i» 1899 ...... 37,174 26,501,580 102,206 48,748,077 136,386 75,460,714
»’/i 1900 ...... 42,859 27,180,819 104,335 48,959,134 147,164 75,928.890
"/it 1900 ...... 65,138 36,717,746 118,088 53,962,690 1*3,226 60,680.431
11 » 1903 ...... 87,266 42,589,958 223,331 98,739,983 310,567 141,329.641
The average amount per account-holder was:
Private Joint-stock
Banks. Banks.
">/i 1897........................ 687 kronor. 416 kronor. 425 kronor.
»’/» 1899...................... 897 » 597 » 674
",i 1900........................ 634 . ’ 467 » 516
»’/it 1900........................ 564 » 457 . 465
" it 1903........................ 488 > 442 » 455
Private
and Joint-stock
Banks.
The main cause of this rapid growth of the deposits on
savings-bank accounts at the banks (which in no small degree took place at
the expense of the P. O. savings-bank, the larger savings-banks, and
of the current accounts of these banks themselves), ought to be sought
for in the strong competition between the many joint-stock banks
recently organized, which competition also affected the older joint-stock
banks as well as the private banks, and, during the scarcity of money
occurring later on, expressed itself in offering high interest, besides
other very advantageous conditions for depositing on the savings-bank
account.
The total amount
of money on deposit in Sweden on savings-bank account was Dec. 31,
1902, as follows:
In Private Savings-banks...................................... 496,105,019 kronor.
In the P. O. savings-bank...................................... 53,916,398 »
In the »Solidariska Folkbanker»............................. 15,204.112 >
In Private and Joint-stock banks........................... 116,890,666 »
Total 682,116,165 kronor.
At the same time, there was on deposit in the banks (including
the Bank of Sweden):
On deposit-account................................................ 622,833,796 kronor.
On cheque-account, account current, and account of
deposits without interest..................................... 173,418,306 »
That the savings-bank account, with respect to the size of the
amounts deposited thereon, thus has a significance nearly corresponding
to that of all the other bank-deposits of the public, finds its explanation
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