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Depositors' Department
 
 
Account Types
 
Attachments to Report of General Manager
on Rate of Interest on Deposits
 
STATEMENT  A
 
TRUSTEE SAVINGS BANKS
 
Balances due to Depositors
 
Year
Ordinary
Department
Special Investment
Department
1913
54,258,861
14,289,116
1914
53,943,271
15,510,615
1915
51,412,370
15,377,281
1916
53,783,998
14,633,474
1917
52,350,107
13,993,734
1918
60,984,049
14,074,688
1919
71,918,846
14,869,671
1920
75,085,888
16,185,486
1921
73,084,021
19,220,794
1922
75,785,035
22,439,978
1923
79,566,926
23,523,066
1924
82,285,044
24,703,347
1925
83,396,491
27,006,458
1926
82,048,145
28,741,617
1927
81,402,073
32,502,977
1928
81,658,417
38,828,000
1929
79,331,352
45,124,010
1930
79,081,550
54,094,045
1931
77,910,929
65,036,029
1932
79,975,334
74,755,184
1933
88,791,286
82,607,135
STATEMENT  B
 
TRUSTEE SAVINGS BANKS
 
 
Ordinary
Department
Investment
Department 
 Excess of
Ordinary
over
Investment
Excess of
Investment
over
Ordinary
 
 Aberdeen 
3,202,139
4,491,394
 
1,289,255
 Ashton
717,257
1,148,878
 
431,621
 Belfast
4,009,467
2,066,398
1,943,069
 
 Blackburn
1,143,587
2,182,358
 
1,038,771
 Bolton
933,891
1,280,100
 
346,209
 Devonport
594,391
1,199,888
 
605,497
 Dundee
2,692,017
2,501,882
190,135
 
 Edinburgh
6,773,874
5,058,074
1,715,800
 
 Exeter
1,258,498
2,496,598
 
1,238,100
 Falkirk
809,383
1,037,859
 
289,475
 Glasgow
14,578,463
10,587,994
3,990,469
 
 Hull 
3,097,731
3,830,936
 
733,205
 Leicester 
2,022,997
1,064,755
958,242
 
 Liverpool 
5,378,033
2,362,388
3,015,645
 
 London (1) 
1,676,654
1,670,838
5,816
 
 London (2) 
1,237,280
1,041,326
195,954
 
 Manchester
5,009,472
6,190,651
 
1,181,179
 Newcastle
1,746,993
2,636,091
 
889,098
 Norwich
1,759,623
979,209
780,414
 
 Nottingham
2,040,974
1,820,180
220,794
 
 Paisley
1,568,283
1,090,139
478,144
 
 Perth
1,067,317
1,481,507
 
414,190
 Preston
1,827,485
1,625,153
202,332
 
 Sheffield
1,972,741
2,082,525
 
109,784
 Shrewsbury
491,501
1,066,143
 
574,642
 Taunton
376,508
1,071,900
 
695,392
 York
1,790,626
3,811,909
 
2,021,283
TOTAL:
69,777,185
67,877,073
13,696,814
11,796,702
The following two Statements were attached to a report, dated November 16th 1934, by the General Manager to the Bank Committee regarding the rate of interest on deposits and the possibility of introducing a Special Investment Department.
 
STATEMENT A shows the growth of TSB balances from 1913 to 1933. In this period, the proportion of funds in Special Investment Departments grew from 21% to 48%
 
STATEMENT B shows the ratio between Ordinary Department and Investment Department deposits for each of the larger TSBs (date not stated). The two cities with populations similar to Birmingham had total deposits of 25,166,457 (Glasgow) and 11,200,123 (Manchester), compared with BMB's 17,063,593. The BMB's funds were accumulated over 15 years. The Glasgow Savings Bank was founded in 1836; the Manchester and Salford TSB was founded in 1818.