Other branches were opened during the year at Louisville, Richmond, Nashville, Wilmington, Huntsville, Memphis, Mobile, and Vicksburg. December 14, 1865, the Military Bank at Beaufort, organized October 16, 1865, was, by order of General Saxton, transferred to this company, with its balance of $170,000. At the end of the first year, March 1, 1866, fourteen branch offices had been opened, and the balance due depositors was $199,283.42.

The total deposits made by freedmen in them, from their establishment up to July 1, 1870, was $16,960,336, of which over $2,000,000 still remained on deposit. The total amount of deposits in the Richmond branch up to that date was $318,913, and the balance undrawn $84,537. The average amount deposited by the various depositors was nearly $284. So far as the facts were obtained, it appeared that about seventy per cent. of the money drawn from these banks was invested in real estate and in business.

By the financial statement of the banking company, for August, 1871, it appears that in the thirty-four banks then in operation the deposits made during that month, which was considered "dull," amounted to $882,806.67, and that the total amount to the credit of the depositors was $3,058,232.81. In the Richmond branch, the deposits for that month were $17,790.60, and the total amount due depositors was $123,733.75; all of which was to the credit of Colored people, except $6,929.19. A branch shortly before had been established in Lynchburg, which showed a balance due depositors of $7,382.83.

The following table shows the business of the company for the years 1866-1871:

Table Showing the Relative Business of the Company for Each Fiscal Year.

For year ending
March 1.		Total amount of
deposits.		Total amount of
drafts.		Balance due
depositors.
1866$305,167 00$105,883 58$199,283 42
18671,624,853 331,258,515 00366,338 33
18683,582,378 362,944,079 36638,299 00
18697,257,798 636,184,333 321,073,465 31
187012,605,781 9510,948,775 201,657,006 75
187119,952,647 3617,497,111 252,455,836 11
For year ending
March 1.		Deposits each
year.		Drafts each
year.		Gain each
year.
1866$305,167 00$105,883 58$199,283 42
18671,319,686 331,152,631 42167,054 91
18681,957,525 031,685,564 36271,960 67
18693,675,420 273,240,253 96435,166 31
18705,347,983 324,764,441 88583,341 44
18717,347,165 416,548,336 05798,829 36
The total amount of deposits received from the organization of the company to October 1, 1871—six years from the opening of the first branch—was$25,977,435 48
Total drafts during the same period were22,850,926 47
——————
Leaving due depositors October 1, 18713,126,509 01
The total assets of company on same day amounted to3,157,206 17
——————
The interest paid during this time amounted to180,565 35

In 1872 the trustees made the following interesting statement:

THE FREEDMAN'S SAVINGS AND TRUST COMPANY.

FINANCIAL STATEMENT FOR THE MONTH OF AUGUST, 1872.