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by
Deposit
Balances 
 Deposit
Balances
31/3/1939
(£)
 Annual
Increase/
(Decrease)
1938/1939
(£)
Open
Accounts
(Savings)
31/3/1939
Open
Accounts
(House
Purchase)
31/3/1939
Total Open
Accounts
31/3/1939
 Savings
Bank
Transactions
1938/39
 House
Purchase
Transactions
1938/39
Utility
Transactions
1938/39
Total
Transactions
1938/39
 Head Office
1
4,246,942 
414,280 
42,809 
1,211 
44,020 
185,539 
13,000 
13,183 
211,722 
 Acocks Green
11
723,126 
64,860 
12,878 
395 
13,273 
63,452 
4,278 
12,258 
79,988 
 Alum Rock
42
235,967 
28,457 
5,713 
176 
5,889 
30,525 
2,023 
15,177 
47,725 
 Aston
6
983,865 
31,083 
14,723 
117 
14,840 
65,779 
1,356 
21,604 
88,739 
 Aston Cross
11
599,200 
31,550 
12,827 
69 
12,896 
52,239 
810 
16,163 
69,212 
 Balsall Heath
15
665,075 
30,179 
10,061 
60 
10,121 
44,328 
690 
13,897 
58,915 
 Bearwood
2
1,335,184 
120,854 
16,484 
168 
16,652 
75,360 
1,921 
13,611 
90,892 
 Billesley
54
129,410 
13,196 
4,663 
102 
4,765 
20,747 
1,208 
8,088 
30,043 
 Birchfield
16
631,327 
56,972 
9,399 
223 
9,622 
55,231 
2,477 
23,378 
81,086 
 Bordesley Green
38
256,490 
19,256 
6,827 
46 
6,873 
29,111 
550 
10,460 
40,121 
 Bournville Works
23
440,034 
29,162 
8,401 
8,401 
96,784 
8,814 
105,598 
 Brandwood
47
186,657 
35,119 
2,572 
105 
2,677 
16,263 
1,076 
7,445 
24,784 
 Brookvale
56
104,404 
14,001 
2,631 
96 
2,727 
16,842 
1,029 
8,664 
26,535 
 Cotteridge
32
294,102 
37,378 
4,070 
120 
4,190 
24,004 
1,319 
6,035 
31,358 
 Duddeston
28
357,354 
3,103 
9,535 
24 
9,559 
30,958 
249 
 6,488 
37,695 
 Erdington
4
1,191,807 
89,276 
15,814 
429 
16,243 
81,600 
4,839 
26,508 
112,947 
 Farcroft
36
270,022 
19,197 
5,116 
77 
5,193 
26,006 
863 
13,010 
39,879 
 Hall Green
13
712,786 
104,954 
9,545 
499 
10,044 
52,606 
5,153 
26,955 
84,714 
 Handsworth
5
1,036,514 
65,942 
13,414 
161 
13,575 
61,788 
1,840 
25,167 
88,795 
 Harborne
12
713,592 
82,113 
10,109 
188 
10,297 
51,418 
2,154 
8,997 
62,569 
 Hay Mills
35
273,635 
16,215 
6,181 
94 
6,275 
24,827 
1,092 
10,693 
36,612 
 Heybarnes
58
87,161 
6,377 
2,607 
56 
2,663 
12,869 
617 
5,450 
18,936 
 Hockley
22
448,285 
24,770 
8,984 
56 
9,040 
39,633 
639 
13,313 
53,585 
 Horse Fair
30
319,458 
35,818 
5,011 
37 
5,048 
28,378 
427 
7,353 
36,158 
 Kings Heath
9
736,718 
50,625 
10,000 
326 
10,326 
51,684 
3,662 
15,084 
70,430 
 Kingstanding
57
93,301 
23,451 
3,744 
29 
3,773 
22,848 
260 
10,664 
33,772 
 Ladywood
24
434,852 
28,270 
  9,158 
22 
9,180 
36,306 
278 
9,481 
46,065 
 Little Bromwich
43
232,610
20,567 
4,239 
53 
4,292 
22,755 
639 
9,987 
33,381 
 Longbridge
51
156,709 
38,053 
2,960 
74 
3,034 
18,132 
828 
7,995 
26,955 
 Lozells
8
765,142 
43,105 
8,132 
116 
8,248 
39,957 
1,303 
15,773 
57,033 
 Moseley
27
365,318 
38,667 
2,944 
35 
2,979 
21,688 
359 
7,172 
29,219 
 Nechells
50
161,810 
3,486 
4,709 
4,718 
21,297 
126 
7,334 
28,757 
 Newtown Row
60
41,317 
5,139 
2,601 
2,601 
8,488 
1,005 
9,495 
 Northfield
25
395,561 
53,962 
6,800 
191 
6,991 
32,840 
2,159 
15,598 
50,597 
 Oldbury
33
291,017 
45,488 
3,902 
18 
3,920 
17,942 
210 
367 
18,519 
 Perry Common
52
145,437 
12,879 
6,806 
47 
6,853 
31,191 
543 
11,608 
43,342 
 Pype Hayes
49
164,861 
21,064 
5,134 
91 
5,225 
27,813 
1,065 
12,182 
41,060 
 Quinton
34
275,063 
77,138 
3,436 
105 
3,541 
18,308 
1,136 
4,989 
24,433 
 Rotton Park
7
833,535 
32,931 
13,157 
58 
13,215 
51,823 
657 
13,513 
65,993 
 Saltley
14
691,125 
38,135 
10,962 
89 
11,051 
49,530 
1,034 
21,148 
71,712 
 Sandwell
44
228,399 
22,708 
3,705 
45 
3,750 
21,589 
518 
5,272 
27,379 
 Selly Oak
20
512,043 
45,799 
8,195 
130 
8,325 
39,542 
1,432 
16,035 
57,009 
 Selly Park
48
169,160 
13,877 
3,403 
87 
3,490 
18,080 
1,007 
8,168 
27,255 
 Sherlock Street
39
245,449 
10,682 
5,563 
19 
  5,582 
26,537 
211 
8,187 
34,935 
 Shirley
55
122,867 
32,818 
2,079 
188 
2,267 
11,867 
1,449 
4,222 
17,538 
 Short Heath
37
258,801 
25,510 
4,915 
76 
4,991 
27,053 
885 
11,230 
39,168 
 Small Heath
3
1,193,410 
47,512 
17,988 
170 
18,158 
73,575 
1,961 
25,772 
101,308 
 Solihull
40
242,508 
76,342 
2,383 
135 
2,518 
12,785 
982 
1,860 
15,627 
 Sparkbrook
10
728,957 
15,659 
12,861 
81 
12,942 
44,841 
906 
13,237 
58,984 
 Sparkhill
19
571,683 
44,957 
8,591 
100 
8,691 
47,000 
1,089 
20,033 
68,122 
 Springfield
17
603,739 
50,078 
8,814 
260 
9,074 
42,916 
3,055 
21,288 
67,259 
 Spring Hill
45
222,237 
13,125 
6,994 
7,000 
28,631 
61 
6,210 
34,902 
 Stechford
46
216,137 
23,328 
3,527 
107 
3,634 
21,717 
1,279 
10,157 
33,153 
 Stirchley
29
337,241 
22,257 
5,571 
158 
5,729 
22,261 
1,783 
10,376 
34,420 
 Sutton Coldfield
26
388,875 
103,754 
3,703 
81 
3,784 
21,869 
878 
765 
23,512 
 Tower Hill
61
37,968 
30,197 
1,225 
11 
1,236 
7,390 
93 
5,864 
13,347 
 Ward End
21
487,496 
59,936 
7,683 
260 
7,943 
37,848 
2,959 
22,058 
62,865 
 Wells Green
59
41,898 
26,759 
1,159 
19 
1,178 
6,285 
192 
2,595 
9,072 
 Weoley Castle
62
30,586 
7,673 
1,883 
11 
1,894 
10,941 
132 
4,441 
15,514 
 Wheeler Street
53
130,981 
7,710 
4,409 
4,417 
24,944 
79 
7,170 
32,193 
 Witton
41
238,179 
23,976 
6,358 
52 
6,410 
53,395 
591 
10,820 
64,806 
 Yardley
31
312,234 
57,972 
6,096 
277 
6,373 
36,687 
3,166 
20,484 
60,337 
 Credits  
 2,614 
(26) 
     
 
     
             
 
     
 
 (1)
29,350,236 
2,669,674 
466,163 
8,053 
474,216 
2,296,642 
88,579 
722,855 
3,108,076 
 
NOTES:
(1) Number of Branches at March 31st 1939: 62 (56 Full-time; 6 Part-time)
Monthly Statistics
 
 1938/1939
Deposit
Balance @
Month End
Number
of Open
Savings
Accounts 
 Number
of House
Purchase
Accounts 
 Total
Number
of Open
Accounts
Number of
Transactions
(Savings) 
Number of
Transactions
(House
Purchase) 
Number of
Utility
Transactions 
 Total
Number of
Transactions
 April
 27,055,283 
 451,524 
7,978 
459,502 
221,198 
7,806 
67,840 
 296,844 
 May
27,185,292 
452,841 
7,962 
460,803 
209,014 
7,213 
109,537 
325,764 
 June
27,222,403 
453,081 
7,982 
461,063 
174,390 
7,116 
32,078 
213,584 
 July
27,028,472 
452,274 
7,979 
460,253 
227,351 
8,099 
45,870 
281,320 
 August
27,114,849 
454,665 
8,012 
462,677 
176,072 
6,607 
77,603 
260,282 
 September
27,186,174 
455,907 
7,986 
463,893 
172,489 
7,382 
15,777 
195,648 
 October (1)
28,014,549 
457,618 
8,008 
465,626 
202,202 
7,751 
80,339 
290,292 
 November
28,177,184 
458,379 
8,006 
466,385 
183,614 
7,132 
113,117 
303,863 
 December
28,117,376 
458,155 
8,014 
466,169 
174,479 
7,565 
27,875 
209,919 
 January
28,371,088 
461,849 
8,031 
469,880 
195,574 
7,328 
52,415 
255,317 
 February
28,670,223 
464,411 
8,007 
472,418 
186,180 
7,245 
84,635 
278,060 
 March
28,943,024 
466,167 
8,027 
474,194 
174,079 
7,335 
13,229 
194,643 
 March (inc Interest)
29,350,236 
             
Totals: 
 
 
 
 
2,296,642 
88,579 
720,315 
3,105,536 
Midwifery Accounts (2)
 
 
 
 
 
 
2,540 
2,540 
 
 
 
 
 
 
 
722,855 
3,108,076 
 
 
 (1) October 31st Balance includes Interest Capitalised at September 30th
 (2) Midwifery Accounts: statistics included in branch figures, but not included in monthly returns
 
Statistics
 
Utility Accounts
Branch & Annual Statistics: March 31st 1939
Annual Report of the General Manager
 
Utility Accounts: Transaction Statistics
 
 1938/1939
 Water
Department 
 Electric
Supply
Department
 Gas
Department
Salvage
Department
 Rates
Department
 Total
 April 
 35,722 
14,387 
13,279 
2,939 
1,513 
67,840 
 May
15,074 
50,533 
31,158 
1,959 
10,813 
109,537 
 June
737 
10,320 
2,042 
195 
18,784 
32,078 
 July
2,135 
18,446 
15,123 
118 
10,048 
45,870 
 August
1,561 
46,919 
29,079 
42 
77,603 
 September
249 
13,132 
2,371 
25 
15,777 
 October
38,383 
22,368 
16,601 
263 
2,724 
80,339 
 November
14,318 
54,303 
30,203 
186 
14,107 
113,117 
 December
916 
8,770 
1,929 
114 
16,146 
27,875 
 January
2,156 
24,365 
15,119 
14 
10,761 
52,415 
 February
1,777 
52,138 
30,715 
84,635 
 March
165 
10,906 
2,158 
13,229 
 
113,193 
326,587 
189,777 
5,860 
84,898 
720,315 
 
Branch Stats Index

General Manager's Observations on the

Annual Accounts

for the Year ended 31st March 1939

 

Income and Expenditure Account.

 

The normal working expenses are up by £5,280. 13. 5d, as follows:

 

 

£.  s.  d.

Salaries and Wages

3,035.  9. 6.

Printing, etc

114.  9.  3.

Heating, Lighting and Cleaning

301.  5.  5.

Rents, Rates and Insurance

621. 11. 8.

Postages, etc

239. 14. 9.

Repairs and Decorations

   79. 19. 11.

Superannuation

151. 14. 3.

 

4,544. 4.  9.

Less: Professional charges

163. 11. 4.

 

4,380. 13.  5

 

The increase in salaries is due to (1) the operation of scale increases to general clerks (males); (2) increments to officers whose salaries are on an ascending scale until the minimum rate is reached; (3) increases under old agreements; and (4) promotions, and (5) engagement of additional clerks.

 

£476 of the increase in Rents, Rates and Insurance is in respect of Rates on Bank properties.

 

The increase in Heating amounts to £206, and is due to increased charges for gas, which came into force during the year. Cleaning expenses show an increase of £79, accounted for by new Branches and extra cleaning during the winter.

 

Expenditure not regarded as normal working expenses amounts to £61,066. 5. 4d, as compared with £54,165. 9. 8d last year, and is made up as follows:

 

 

£. s. d.

Adaption of Premises

     3,525.  9.  6.

Depreciation

34,542.  9.  0.

Income Tax

22,998.  6. 10.

 

61,066. 5.   4.

 

 

Interest receivable is up by £103,328. 16. 11d. and interest credited to depositors is up by £82,328. 12. 0d.

 

The net result gives an excess of Income over expenditure of £28,960. 18. 9d as compared with £18,896. 17. 4d. last year.

 

Balance Sheet.

 

It will be observed that the investments held by the Corporation on behalf of the Bank stand at £15,087,000, as compared with £12,426,000 last year.

 

The outstanding liabilities on house purchase advances are increased £256,041. 8. 4d.

 

 

 

                                                                                                                                                   Continued ....