General Manager's Report on

Balances due to Depositors and owing by Borrowers.

The statement attached hereto gives in detail the amount standing to credit of depositors. Each Branch records an increase compared with last year. The six largest increases have occurred at:

The balance may be classified as follows:

Branches with balances of £150,000 may be considered self-supporting, and in respect of Branches with balances below that figures, the following observations may be made:

Perry Common. The balances now stand at £145,436, and the £150,000 mark should be reached this year.

Wheeler Street. A rapid development of this Branch cannot be expected, but it should become self-supporting in three or four years.

Billesley. The views previously expressed regarding gradual progress are confirmed, the increase last year being £13,196. It will probably take four years to reach the £150,000 mark.

Shirley. Although the balances stand at £122,867 and the increase last year was £32,818, greater progress should take place when the new premises are ready.

Brookvale. The progress of this Branch will be gradual because of the limited area covered by the Branch. Greater activity has been noticed  since daily facilities were provided. It is estimated that it will take five years to reach the £150,000 mark.

Kingstanding. The justification for providing daily facilities is shown by the increase of £27,847 in 1928 and £23,451 in 1939.

Heybarnes. This Branch has been a disappointment from the commencement. It has taken nine years to accumulate balances of £87,161.

Wells Green. This Evening Branch has done well and now has balances of £41,897.

Newtown Row. The balances at £41,317, and while progress will be slow, we may expect larger yearly increases now that daily facilities have been provided.

Tower Hill. This Evening Branch has had a very successful start, the balances now standing at £37,967.

Weoley Castle. The balances are now £30,585, but greater progress may be experienced when the new building is ready and daily facilities are provided.

The amount outstanding in respect of Advances includes £264,053. 5. 0d. in respect of the Pheasey Estate.

General Manager's Report on Open Accounts.

The statement attached hereto gives in detail the number of accounts. The increase in open accounts in the Savings Bank Department is 15,579, and in the mortgage accounts, 100. Nine Branches show decreases in the number of accounts, but the remainder record increases. The six largest increases have occurred at:

The decreases vary from 157 at Aston to 9 at Aston Cross.

The total accounts (Savings Bank and Advances) may be classified as follows:

The figures for Tower Hill and Wells Green are not properly comparable with last year because the Branches were only open for a few months.

The substantial increases at Kingstanding and Quinton can be attributed to daily opening facilities being provided.

General Manager's Report on Transactions.

Year ended 31st March 1939.

The Statement attached hereto gives in detail the number of transactions which have taken place. 13 Branches show a decrease and the remainder record increases. The six largest increases have occurred at:

The major decreases occurred at Balsall Heath, 2,217; Witton, 1,613; Bearwood, 1,586; Duddeston, 1,291; Kings Heath, 1,205; and Sherlock Street, 1,108.

The total transactions may be classified as follows:

The transactions at Sherlock Street having fallen below 35,000, the Branch now drops into the lower grade, and in consequence the staff has been reduced by one officer.

The distribution of work over the week has been:

and a dissection of the transactions gives the following percentages: