Time deposits can be more safely loaned on the security of real estate and for longer periods.
Despite their limitations in this respect, the commercial banks must be recognized as of growing importance in the work of encouraging and collecting small savings, which in many cases are better invested in other ways.

In 1916, the centenary of the beginning of savings banks in this country, a nation-wide propaganda was undertaken by the American Bankers' Association for the encouragement of savings.
Sec.4.

#Investment banking#.

Enormous amounts of securities issued by governments or by corporations (railroad or industrial) are now on the market and to be bought conveniently by private investors.

Through special bond houses some bonds are to be had in denominations as small as $100 and $500.