BCSB-Statistics

Birmingham Corporation Savings Bank:

Financial Summary

Statistics

The Birmingham Corporation Savings Bank traded from September 29th 1916 to October 31st 1919. In three periods of trading, total losses of £6,751 - 4s - 7d were accumulated as follows:

September 29th, 1916 - September 30th, 1917	1,893 - 0 - 6
October 1st, 1917 - September 30th, 1918	1,873 - 18 - 6
October 1st, 1918 - October 31st, 1919	2,984 - 5 - 7
	6,751 - 4 - 7

In addition to the trading loss, a sum of £397 - 19s - 4d was incurred in the expenses of the Liquidators, creating a total deficit of £7,149 - 3s - 11d. This sum was reimbursed to the City Council by the Birmingham Municipal Bank. The following table summarises how the deficit was incurred:

	1917	1918	1919	TOTAL
	£	£	£	£
Interest on Investments	2,907	7,525	6,014	16,446
Bankers' Interest	60	645	4,213	4,918
Sale of Rules	9	4	4	17
Superannuation Scheme, 1909	21	9	24	54
Sale of Waste Paper, etc		10		10
Sundry Receipts			12	12

	2,997	8,193	10,267	21,457

Salaries and Wages of Staff	1,446	2,121	2,476	6,043
Printing, Stationery and Advertising	598	353	282	1,233
Postages	241	189	124	554
Miscellaneous Expenses	426	527	340	1,293
National Insurance Act, 1911	8	11	7	26
Audit Fee		147	284	431
Travelling Expenses			41	41
Heating, Lighting and Cleaning			63	63
Branch Bank Expenses			168	168
Bank Charges			10	10
Furniture & Equipment	384	102	61	547
Interest allowed to Depositors	1,787	6,617	9,395	17,799

	4,890	10,067	13,251	28,208

Excess of Expenditure over Income	(1,893)	(1,874)	(2,984)	(6,751)

STATISTICS: little information exists regarding the volumes of business conducted by the Corporation Savings Bank. The following table covers the period from October 1st 1916 to December 1917, and shows:

CASH TRANSACTIONS

Cash Receipts - amount received from the sale of Coupons, plus cash deposits;

Amount Invested - amount paid over to the National Debt Commissioners in accordance with the requirement that 90% of funds be invested with the Government;

COUPON ACCOUNT

Number and Value of Coupons deposited to and withdrawn from Savings Accounts.

			COUPON ACCOUNT
	Cash	Amount	DEPOSITS		WITHDRAWALS
Month	Receipts	Invested	Number of		Number of
1916	£	£	Transactions	£	Transactions	£
October	3,274	0	270	376	2	0
November	8,970	10,900	2,097	3,547	31	17
December	11,424	9,000	5,739	8,398	467	427
1917
January	11,127	10,000	6,341	9,908	505	616
February	18,299	16,000	8,431	14,426	529	780
March	23,566	21,000	12,997	20,369	965	1,529
April	14,755	13,000	7,572	12,622	1,028	1,919
May	16,413	14,000	9,071	15,129	1,408	2,653
June	20,058	15,000	9,791	15,470	1,771	3,993
July	14,025	10,000	9,233	14,665	2,019	4,884
August	10,846	4,000	6,460	10,676	2,928	7,240
September	21,665	13,000	10,527	19,216	1,802	4,381
October	16,583	14,000	8,563	15,944	1,450	3,682
November	18,491	17,000	8,719	17,209	1,626	4,137
December	18,995	6,000	10,316	18,250	3,685	9,244

	228,491	172,900	116,127	196,205	20,216	45,502

Birmingham Corporation

Savings Bank