1 Includes reserve balances and cash items in process of collection.

2 Includes business of 9 guaranty banks.

3 Includes cash items.

Includes two "associations" which possess the characteristics of both a savings bank and a building and loan association, in that all of the deposits are invested in bonds and mortgages and each depositor has the privilege of making a mortgage loan.

NOTE.-Estimated amounts, based on classifications reported to the Federal Deposit Insurance Corporation in its call made as of June 30, 1939, on nonmember insured banks, have been used in this table in instances where the various items of assets and liabilities were not available direct from State banking departments.

1 Certified and cashiers' checks (including dividend checks), letters of credit and travelers' checks sold for cash, and amounts due to reserve agents (transit account). Includes guaranty fund.

Includes undivided profits. Includes reserves.

TABLE NO. 45.—Assets and liabilities of active mutual savings banks, June 30, 1939—Continued

1 All obligations of U. S. Government corporations and agencies, not guaranteed by United States. 'Includes obligations of U. S. Government corporations and agencies, not guaranteed by United States.

All other bonds, notes, and debentures.