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Full resolution (JPEG) - On this page / på denna sida - Banking, by J. J. Woxen

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Each depositor had, on an average, kr. 429. and each depositor
of smaller amounts than kr. 500, kr. 90, and those of larger
amounts, kr. 1933.

The property owned by the savings banks and the aggregate
capital administered by them were at the end of:

1850 .......	kr.	1,762,524	kr.	18,557,352
1870 .......	»	9,628,584	»	91,295,188
1890 .......	»	25,303,275	»	220,462,133
1897 .......	»	33,151,488	»	285,671,115

The capital administered by the savings banks at the end
of 1897 was invested in the following manner:

In readily convertible securities . .	kr.	30,097,818	or	10.54	%
In loans on mortgage, or loans on «vexelobligationer» fully secured by real property ........	»	85,493,422	»	29.93	%
Loans on «vexelobligationer» secured by other collateral deposit or personal endorsements ......	»	120,564,018	»	42.20	%
Loans on notes ........	»	21,945,768	»	7.68	%
Deposited in other banks, or otherwise invested ........	»	27,570,089	»	9.65	%
Total	kr.	285,671,115	or	100	%

The interest paid to the depositors by the savings banks has
as a rule been between 5 % and 3 %. During the ten years 1889
to 1898 the average has been 3.71 %.

As donations for purposes of general utility, the savings banks
have contributed on an average kr. 571,742 annually during the
ten years 1888 to 1897.

The general banking business, discounting of notes and other
debenture, loans on deposit or personal endorsement, purchase and
sale of foreign drafts and coin, securities, etc., is carried on, not
only by some private banking houses, but more especially by banks
founded on shares, of which the first was established in 1848.
In 1897 their number was 39. These banks, in their operations,
handle not only their own capital stock, but also means that
have been deposited on call, either without interest, or at a very
low rate of interest, and to a still greater extent means that have

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