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:
|
|
£. s. d. |
|
Head Office |
433,038. 4. 10 |
|
Sutton Coldfield |
116,594. 2. 8 |
|
Bearwood |
115,227. 9. 0 |
|
Erdington |
98,395. 7. 0 |
|
Hall Green |
91,962. 4. 6 |
|
Birchfield |
80,194. 3. 4 |
The balances may be classified as follows:
|
|
March 1938 |
March 1937 |
|
Under
£150,000 |
13 Branches |
16 Branches |
|
Between £150,000 and £250,000 |
15 " |
16 " |
|
" £250,000 " £500,000 |
15 " |
12 " |
|
" £500,000 " £750,000 |
12 " |
9 " |
|
" £750,000 " £1,000,000 |
3 " |
3 " |
|
Over £1,000,000 (including Head Office) |
4 " |
4 " |
Branches with balances of £150,000 may be considered self-supporting, and
in respect of Branches with balances below that figure, the following observations may be made:
Billesley. The views previously
expressed regarding gradual progress are confirmed, the increase last year being £10,021. It will probably take four years to reach
the £150,000 mark.
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 six years to reach the £150,000
mark.
Heybarnes. This Branch has been a disappointment from the commencement. It has taken eight years to accumulate balances
of £80,784.
Kingstanding. The justification for providing daily facilities is shown by the increase of £27,847 last year.
Longbridge. After
a somewhat chequered career this Branch appears to have established itself. The increase of £25,998 last year brings the balance figure
to £118,656.
Perry Common. The balances now stand at £132,558, and in four or five years it should be self-supporting.
Pype
Hayes. This Branch should reach the £150,000 mark next year.
Shirley. Although the balances stand at £90,049 and the increase
last year was £21,670, greater progress would be recorded when better premises and increased facilities are provided.
Tower Hill. Was
only opened as an Evening Branch on February last and the balances stand at £7,771.
Wells Green. The balances shown at £15,138
in the short space of three months at this Evening Branch cannot be considered as a measure of progress, because they include transfers
to the extent of £12,662. The Branch is not likely to show a quick development, but it is supplying a need in the district.
Weoley
Castle. A satisfactory Evening Branch. It was only opened in January 1936, and the balances are now £22,913.
Wheeler Street. A
rapid development of this Branch cannot be expected, but it should become self-supporting in four or five years.
The amount outstanding
in respect of Advances does not include any sum in respect of the Pheasey Estate, the first advance on which is about to be made.
General
Manager's Report on Open Accounts.
Year ended 31st March 1938.
The Statement attached hereto gives in detail the number of accounts.
Each Branch records an increase in Savings Bank accounts compared with last year, except Newtown Row, where the reduction is 5; Handsworth,
14; Rotton Park, 20; and Sparkbrook, 102. The six largest increases have occurred at:
|
Kingstanding |
981 |
|
Sutton Coldfield |
976 |
|
Quinton |
888 |
|
Yardley |
873 |
|
Birchfield |
780 |
|
Hall
Green |
747 |
House Purchase accounts show an increase of 280 over last year.
The total accounts (Savings Bank and Advances)
may be classified as follows:
|
|
March 1938 |
March 1937 |
|
Under 1,000 |
2 Branches |
- |
|
Between 1,000 and 5,000 |
24 " |
27 Branches |
|
" 5,000 " 10,000 |
23 " |
21 " |
|
" 10,000 " 15,000 |
9 " |
8 " |
|
Over 15,000 (including Head
Office) |
4 " |
4 " |
Progress in the matter of
open accounts varies considerably. Naturally, Branches which have been established for a long period are able to show a larger number
of accounts than those which have only been in existence for a few years, but the following observations may be made:
Birchfield. The
steady growth of this Branch has been commented upon in previous years, but the establishment of a Branch at Tower Hill may
retard future development.
Kingstanding. The increase of 981can be attributed to daily openings.
Quinton. The increase of
888 can be attributed to daily openings.
Sparkbrook. The number of accounts at this Branch has gradually fallen since 1922 and
can be attributed to the opening of additional Branches at Sparkhill, Springfield and Hall Green, and to removals from the district.
Sutton
Coldfield. The increase of 976 shows that the residents are taking a greater interest in the Bank than was noticeable during the first
year.
Yardley. The increase of 873 is due, in the main, to building activities in the district.
General Manager's
Report on Transactions.
Year ended 31st March 1938.
The Statement attached hereto gives in detail the number of transactions which
have taken place. Each Branch records an increase compared with last year, except Duddeston, where the reduction is 168, and Newtown
Row, where the reduction is 500. The six largest increases have occurred at:
|
|
11,265 |
|
Birchfield |
10,607 |
|
Head Office |
9,832 |
|
Hall
Green |
7,569 |
|
Sutton Coldfield |
7,424 |
|
Quinton |
6,481 |
The total transactions may be classified as follows:
|
|
March 1938 |
March 1937 |
|
Under
35,000 |
25 Branches |
29 Branches |
|
Between 35,000 and 52,000 |
12 " |
9 Branches |
|
" 52,000 " 78,000 |
15 " |
15 " |
|
" 78,000 " 104,000 |
8 " |
5 " |
|
Over 104,000 (including Head Office) |
2 " |
2 " |
The following observations as to variations in total transactions are offered:
Head
Office. Transactions vary considerably from year to year and it is difficult to give an explanation. The numbers fell in 1929, 1932,
1934 and 1937, but rose in intervening years.
Aston. Has almost recovered ground lost in 1928.
Balsall Heath. Has almost
recovered to the position in 1928.
Duddeston. Staff reduced by one officer in 1933 owing to the fall in transactions and has
not recovered to justify re-grading.
Handsworth. Staff have reduced by one officer in 1932 owing to fall in transactions following
the opening of Sandwell Branch. Has not recovered to justify re-grading.
Kings Heath. Has recovered ground lost in 1935 when
Brandwood Branch was opened.
Ladywood. Staff reduced by one officer in 1927 owing to fall in transactions. Has not recovered
to justify re-grading.
Newtown Row. This Branch was seriously affected by a large proportion of the old Summer Lane Branch depositors
transferring their accounts to Wheeler Street. With new premises and greater facilities the transactions will, no doubt, increase.
Rotton
Park. Removals have affected this Branch, which is still below the figure for 1930.
Sparkbrook. Staff reduced by one officer
in 1930, owing to fall in transactions. The drop is due, in the main, to opening three other Branches on Stratford Road, but is also
due to removals to other districts.
Spring Hill. Ground lost in 1932, when staff was reduced by one officer, has nearly recovered.
Stirchley. Staff
reduced by one officer in 1931, owing to falling transactions, consequent upon opening Selly Park and Cotteridge Branches. Is getting
near the figure when re-grading can be justified.
The following Branches have qualified for regrading, which involves one additional officer in each case:
Acocks Green
Birchfield
Hall Green
Hay Mills
Hockley
Horse Fair
Pype Hayes
Selly Oak
Sherlock Street
Short Heath
Yardley
The
distribution of work over the week has been:
|
|
transactions |
|
Mondays (D) |
344,854 |
|
Mondays (E) |
420,350 |
|
Tuesdays |
361,341 |
|
Wednesdays |
324,440 |
|
Thursdays |
194,924 |
|
Fridays
(D) |
429,639 |
|
Fridays (E) |
468,739 |
|
Saturdays |
434,159 |
|
Total |
2,978,446 |
and a dissection of the transactions gives the following percentages:
|
|
Deposits |
Withdrawals |
House
Purchase Repayments |
Corporation Accounts |
|
Mondays (D) |
51.82% |
26.44% |
3.10% |
18.64% |
|
Mondays (E) |
57.40% |
25.86% |
2.44% |
14.30% |
|
Tuesdays |
42.24% |
24.82% |
2.80% |
30.14% |
|
Wednesdays |
41.97% |
27.65% |
3.21% |
27.17% |
|
Thursdays |
40.01% |
31.09% |
3.19% |
25.71% |
|
Fridays
(D) |
46.57% |
33.15% |
2.65% |
17.63% |
|
Fridays (E) |
52.56% |
26.27% |
3.20% |
17.97% |
|
Saturdays |
53.49% |
25.72% |
3.01% |
17.78% |
|
Average |
48.26% |
27.62% |
2.95% |
21.17% |